Projected Income Statement: Wice Logistics

Forecast Balance Sheet: Wice Logistics

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt -628 -1,037 -393 -89.3 -89.6 - - -
Change - -65.13% 62.1% 77.28% -0.34% - - -
Announcement Date 2/23/22 A 2/21/23 A 2/20/24 A 2/25/25 A 2/27/26 A - - -
Estimates

Cash Flow Forecast: Wice Logistics

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 65.63 38.89 21.6 164.5 41.54 150 200 200
Change - -40.75% -44.46% 661.71% -74.75% 261.13% 33.33% 0%
Free Cash Flow (FCF) 1 143.7 799 149.7 45.8 254.3 187 119 185
Change - 455.99% -81.26% -69.41% 455.19% -26.46% -36.36% 55.46%
Announcement Date 2/23/22 A 2/21/23 A 2/20/24 A 2/25/25 A 2/27/26 A - - -
1THB in Million
Estimates

Forecast Financial Ratios: Wice Logistics

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 10.76% 11.95% 9.88% 6.82% 6.77% 5.79% 6.01% 6.36%
EBIT Margin (%) 9.8% 10.41% 6.29% 2.39% 3.1% 2.66% 2.69% 2.9%
EBT Margin (%) 10.06% 10.61% 6.74% 2.99% 2.86% 3.08% 3.09% 3.32%
Net margin (%) 7.01% 7.8% 4.49% 2.38% 2.62% 2.4% 2.41% 2.6%
FCF margin (%) 1.88% 11.25% 3.94% 1.12% 5.46% 3.25% 1.83% 2.5%
FCF / Net Income (%) 26.83% 144.2% 87.87% 46.86% 208.19% 135.51% 75.8% 96.35%

Profitability

        
ROA 19.33% 16.23% 5.51% 3.49% 4.23% 4.4% 4.6% 5.2%
ROE 43.23% 32.85% 10.95% 6.95% 8.98% 10% 11.1% 13%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.86% 0.55% 0.57% 4.01% 0.89% 2.61% 3.08% 2.71%
CAPEX / EBITDA (%) 7.99% 4.58% 5.76% 58.82% 13.17% 45.05% 51.15% 42.55%
CAPEX / FCF (%) 45.67% 4.87% 14.43% 359.23% 16.33% 80.21% 168.07% 108.11%

Items per share

        
Cash flow per share 1 0.9533 1.285 0.2656 0.3281 - 0.51 0.52 0.62
Change - 34.82% -79.33% 23.53% - - 1.96% 19.23%
Dividend per Share 1 0.23 0.23 0.24 0.14 0.14 0.16 0.18 0.22
Change - 0% 4.35% -41.67% 0% 14.29% 12.5% 22.22%
Book Value Per Share 1 2.304 2.871 2.298 2.08 2.127 2.18 2.25 2.35
Change - 24.6% -19.96% -9.49% 2.26% 2.49% 3.21% 4.44%
EPS 1 0.82 0.85 0.26 0.15 0.19 0.22 0.25 0.3
Change - 3.66% -69.41% -42.31% 26.67% 15.79% 13.64% 20%
Nbr of stocks (in thousands) 651,900 651,900 641,000 641,000 641,000 641,000 641,000 641,000
Announcement Date 2/23/22 A 2/21/23 A 2/20/24 A 2/25/25 A 2/27/26 A - - -
1THB
Estimates
2026 *2027 *
P/E 16.3x 14.3x
PBR 1.64x 1.59x
EV / Sales 0.4x 0.35x
Yield 4.47% 5.03%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
-
Investor
Global
-
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
3.580THB
Average target price
4.000THB
Spread / Average Target
+11.73%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. WICE Stock
  4. Financials Wice Logistics