Company Valuation: Starflex

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,141 2,444 2,835 2,220 2,356 2,304 - -
Change - -40.99% 16% -21.67% 6.1% -2.2% - -
Enterprise Value (EV) 4,141 2,444 2,835 2,832 2,913 2,304 2,304 2,304
Change - -40.99% 16% -0.1% 2.86% -20.9% 0% 0%
P/E 28.1x 42.6x 15.6x 7.94x 9.81x 9.29x 9.29x 9.03x
PBR - - 2.85x 1.96x 2.08x 2.04x 1.99x 1.94x
PEG - -0.7x 0x 0.1x -0.9x 1.49x - 3.07x
Capitalization / Revenue 2.47x 1.46x 1.58x 1.19x 1.2x 1.11x 1.06x 1x
EV / Revenue 0x 0x 0x 0x 0x 1.11x 1.06x 1x
EV / EBITDA 0x 0x 0x 0x 0x 5.83x 5.86x 5.49x
EV / EBIT - - 0x 0x 0x 7.13x 7.22x 6.7x
EV / FCF -0x 0x 0x 0x 0x 15.5x 10.3x 9.93x
FCF Yield -3.15% 1.27% 6.65% 4.86% 12.6% 6.46% 9.7% 10.1%
Dividend per Share 2 0.085 - 0.075 0.133 0.104 0.12 0.12 0.12
Rate of return 1.68% - 2.09% 4.65% 3.31% 3.8% 3.8% 3.8%
EPS 2 0.18 0.07 0.23 0.36 0.32 0.34 0.34 0.35
Distribution rate 47.2% - 32.6% 36.9% 32.5% 35.3% 35.3% 34.3%
Net sales 1 1,674 1,669 1,795 1,869 1,963 2,081 2,176 2,306
EBITDA 1 222.9 124.2 265.2 332.5 332.6 395 393 420
EBIT 1 - - 207 266.2 261.9 323 319 344
Net income 1 149.8 55.07 184.3 280.8 243.2 267 269 274
Net Debt - - - 611.4 556.9 - - -
Reference price 2 5.050 2.980 3.580 2.860 3.140 3.160 3.160 3.160
Nbr of stocks (in thousands) 820,000 820,000 791,793 776,337 750,235 729,084 - -
Announcement Date 2/25/22 A 2/22/23 A 2/27/24 A 2/26/25 A 2/25/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.4x1.42x8.7x5.64% 21.3B
20.56x3.22x9.06x2.98% 20.23B
18.56x1.53x10.51x1.23% 17.14B
19.12x1.84x11.25x2.18% 13.78B
15.99x1.26x8.33x1.19% 12.53B
19.24x2.28x10.8x1.45% 12.08B
30.15x1.07x7.98x2.89% 8.54B
23.82x2.23x10.76x1.54% 8.05B
Average 20.35x 1.86x 9.67x 2.39% 14.21B
Weighted average by Cap. 19.42x 1.91x 9.62x 2.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Starflex

Historical PBR trend

Valuation ratios - PBR - Starflex

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Starflex

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Starflex


Year-on-year evolution of the Yield

Valuation ratios - Yield - Starflex