Company Valuation: 2S Metal

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,890 2,725 1,672 1,672 1,518 1,287
Change - 44.18% -38.64% 0% -9.21% -15.22%
Enterprise Value (EV) 1 1,943 2,378 1,231 1,338 1,287 1,050
Change - 22.42% -48.24% 8.67% -3.8% -18.44%
P/E 4.61x 3.69x -13.7x 10.4x 64.4x 8.9x
PBR 1.08x 1.2x 0.83x 0.83x 0.78x 0.63x
PEG - 0x 0x -0x -0.8x 0x
Capitalization / Revenue 0.34x 0.42x 0.25x 0.25x 0.2x 0.17x
EV / Revenue 0.35x 0.36x 0.18x 0.2x 0.17x 0.14x
EV / EBITDA 3.64x 2.48x -12.4x 6.62x 39.2x 6.31x
EV / EBIT 3.97x 2.6x -8.36x 8.95x -53.8x 9.89x
EV / FCF 18x 6.28x 4.69x -95.9x -33.6x -978x
FCF Yield 5.55% 15.9% 21.3% -1.04% -2.97% -0.1%
Dividend per Share 2 0.2045 0.4273 0.2 0.22 0.11 0.2
Rate of return 5.95% 8.62% 6.58% 7.24% 3.99% 8.55%
EPS 2 0.7458 1.341 -0.2221 0.2911 0.0429 0.2628
Distribution rate 27.4% 31.9% -90% 75.6% 257% 76.1%
Net sales 1 5,603 6,521 6,709 6,775 7,447 7,542
EBITDA 1 534.1 960 -99.4 202.1 32.86 166.4
EBIT 1 489.9 913.8 -147.2 149.5 -23.9 106.2
Net income 1 410.2 737.5 -122.2 160.1 23.58 144.5
Net Debt 1 52.61 -346.9 -441.1 -334.4 -231.2 -237.5
Reference price 2 3.436 4.955 3.040 3.040 2.760 2.340
Nbr of stocks (in thousands) 549,999 549,998 549,996 549,996 549,996 549,996
Announcement Date 25/02/21 25/02/22 21/02/23 22/02/24 20/02/25 25/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 57.33M
13.49x1.57x8.06x0.82% 62.06B
8.79x1.46x3.93x9.48% 46.59B
19.89x0.8x6.72x1.01% 45.71B
14.09x1.56x9.13x0.86% 35.22B
18.62x1.81x9.8x0.59% 33.98B
17.91x2.24x5.63x3.66% 30.87B
12.37x1.13x6.82x2.4% 23.22B
16.57x1.26x10.89x1.12% 22.61B
11.85x0.76x6.47x3.67% 21.68B
Average 14.84x 1.40x 7.49x 2.62% 32.2B
Weighted average by Cap. 14.77x 1.43x 7.34x 2.68%

Y-o-Y evolution of P/E

Valuation ratios - P/E - 2S Metal

Historical PBR trend

Valuation ratios - PBR - 2S Metal

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - 2S Metal

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - 2S Metal