Company Valuation: Thai Nam Plastic

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 239.6 786 695.3 494.2 293.1 289.7
Change - 228% -11.55% -28.92% -40.69% -1.16%
Enterprise Value (EV) 1 441.7 1,048 1,066 818.3 630.6 652.1
Change - 137.39% 1.66% -23.22% -22.94% 3.41%
P/E Ratio 103x 9.1x -112x 16.5x -2.16x -1.89x
PBR 0.54x 1.51x 1.38x 0.91x 0.52x 0.74x
PEG - 0x 1x -0x 0x -0.1x
Capitalization / Revenue 0.33x 0.74x 0.49x 0.31x 0.21x 0.22x
EV / Revenue 0.6x 0.99x 0.75x 0.51x 0.46x 0.48x
EV / EBITDA 7.2x 7.31x 14.4x 5.92x -9.05x -41.8x
EV / EBIT 26.7x 10.7x 37x 8.69x -5.52x -10.9x
EV / FCF 6.75x -17.4x -10.7x 20.5x 12.4x -194x
FCF Yield 14.8% -5.76% -9.38% 4.88% 8.08% -0.52%
Dividend per Share 2 0.0117 0.0469 0.02 0.018 - -
Rate of return 1.66% 2.03% 0.98% 1.24% - -
EPS 2 0.006804 0.2534 -0.0183 0.088 -0.3987 -0.4495
Distribution rate 172% 18.5% -109% 20.5% - -
Net sales 1 736.2 1,061 1,419 1,602 1,364 1,346
EBITDA 1 61.38 143.3 73.99 138.3 -69.66 -15.62
EBIT 1 16.52 98.3 28.84 94.21 -114.3 -59.88
Net income 1 2.319 86.35 -6.229 29.98 -135.9 -153.2
Net Debt 1 202 262.4 370.6 324.2 337.5 362.4
Reference price 2 0.7031 2.3062 2.0400 1.4500 0.8600 0.8500
Nbr of stocks (in thousands) 340,818 340,818 340,814 340,814 340,814 340,814
Announcement Date 3/1/21 A 3/1/22 A 3/1/23 A 2/29/24 A 3/2/25 A 3/3/26 A
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.92M
13.25x0.83x5.52x4.15% 24.24B
19.18x - - 6.2% 20.19B
105.2x0.95x6.56x0.7% 15.33B
-2033.27x1.16x14.51x-.--% 14.33B
30.85x3.91x14.46x0.69% 8.85B
44.03x1.82x41.15x1.4% 8.81B
38.84x4.16x25.33x1.11% 7.61B
23.47x0.82x12.21x1.87% 5.86B
26.79x1.81x14.73x1.42% 5.86B
Average -192.41x 1.93x 16.81x 1.95% 11.11B
Weighted average by Cap. -230.19x 1.64x 14.12x 2.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. TNPC Stock
  4. Valuation Thai Nam Plastic
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