Company Valuation: AAPICO Hitech

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,581 10,557 9,936 5,478 4,235 4,638 - -
Change - 10.19% -5.88% -44.86% -22.7% 9.52% - -
Enterprise Value (EV) 1 17,048 13,807 13,200 9,150 7,917 7,311 4,638 6,267
Change - -19.02% -4.39% -30.68% -13.47% -7.66% -36.56% 35.11%
P/E 9.34x 5.79x 6.17x 7.58x 5.78x 6.07x 5.51x 4.69x
PBR 1.13x 1.1x 0.92x 0.55x 0.39x - - -
PEG - 0.1x -0.5x -0.1x 4.14x 1.39x 0.5x 0.3x
Capitalization / Revenue 0.47x 0.38x 0.33x 0.21x 0.16x 0.18x 0.17x 0.18x
EV / Revenue 0.83x 0.49x 0.44x 0.34x 0.31x 0.29x 0.17x 0.24x
EV / EBITDA 10x 5.16x 4.41x 4.97x 3.72x 3.63x 2.19x 2.57x
EV / EBIT 25.5x 9.06x 7.62x 16.9x 15.1x 12.2x - 5.93x
EV / FCF 8.65x 12.7x 10.8x 22.3x 20.1x 9.81x 4.22x 5.65x
FCF Yield 11.6% 7.89% 9.27% 4.48% 4.98% 10.2% 23.7% 17.7%
Dividend per Share 2 0.94 1.54 1.65 0.78 0.79 0.83 0.98 1.18
Rate of return 3.48% 5.18% 5.89% 4.79% 6.27% 6.01% 7.1% 8.55%
EPS 2 2.89 5.14 4.54 2.15 2.18 2.275 2.505 2.94
Distribution rate 32.5% 30% 36.3% 36.3% 36.2% 36.5% 39.1% 40.1%
Net sales 1 20,433 27,967 30,034 26,588 25,780 25,492 27,070 26,289
EBITDA 1 1,699 2,678 2,994 1,840 2,126 2,012 2,119 2,434
EBIT 1 668.5 1,524 1,731 541.3 524 599 - 1,057
Net income 1 1,024 1,824 1,610 747 731.4 784.5 864.5 989
Net Debt 1 7,468 3,250 3,264 3,672 3,683 2,673 - 1,628
Reference price 2 27.00 29.75 28.00 16.30 12.60 13.80 13.80 13.80
Nbr of stocks (in thousands) 354,842 354,842 354,842 336,087 336,087 336,087 - -
Announcement Date 28/02/22 28/02/23 29/02/24 28/02/25 28/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.15x0.29x3.67x5.93% 142M
24.14x1.61x12.51x1.57% 51.53B
12.24x0.65x5.42x3.73% 32.64B
10.44x0.64x8.42x1.41% 28.78B
12.82x2.36x8.32x4.56% 19.03B
12.64x1.1x6.3x4% 17.38B
10.46x0.49x4.82x3.11% 17.31B
38.03x1.33x14.6x0.57% 16.21B
33.75x3.13x18.62x0.91% 15.98B
19.65x2.78x11.05x1.89% 13.33B
Average 18.03x 1.44x 9.37x 2.77% 21.24B
Weighted average by Cap. 18.87x 1.43x 9.88x 2.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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