Company Valuation: Amanah Leasing

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,066 5,647 3,916 2,176 1,172 935.5
Change - 38.88% -30.64% -44.44% -46.12% -20.2%
Enterprise Value (EV) 1 6,021 7,370 6,147 4,793 3,261 2,616
Change - 22.39% -16.59% -22.03% -31.96% -19.78%
P/E 14.1x 18.3x 12.6x 11.5x -71.4x -8.33x
PBR 2.63x 3.28x 2.1x 1.18x 0.65x 0.55x
PEG - 3x 19.91x -0.3x 1x -0x
Capitalization / Revenue 5.23x 7.14x 4.38x 2.25x 1.33x 1.24x
EV / Revenue 7.74x 9.32x 6.87x 4.97x 3.7x 3.47x
EV / EBITDA 14.8x 17.3x 19x 36.5x 36.3x -60.6x
EV / EBIT 15x 17.5x 19.3x 38x 44.9x -56x
EV / FCF -111x 39.8x 157x 37.3x 63.4x 53.1x
FCF Yield -0.9% 2.51% 0.64% 2.68% 1.58% 1.88%
Dividend per Share 2 0.1138 0.14 0.175 0.0139 - -
Rate of return 3.3% 2.94% 5.29% 0.76% - -
EPS 2 0.245 0.2599 0.2616 0.1596 -0.0139 -0.0948
Distribution rate 46.4% 53.9% 66.9% 8.71% - -
Net sales 1 777.5 791.2 895.2 965.1 880.7 754.4
EBITDA 1 407.8 425.5 323.2 131.2 89.82 -43.16
EBIT 1 400.1 420.5 318.2 126.1 72.57 -46.68
Net income 1 290.7 307.2 309.8 189 -16.42 -112.3
Net Debt 1 1,955 1,723 2,230 2,617 2,089 1,680
Reference price 2 3.4475 4.7688 3.3075 1.8375 0.9900 0.7900
Nbr of stocks (in thousands) 1,179,423 1,184,126 1,184,126 1,184,126 1,184,122 1,184,122
Announcement Date 24/02/21 15/02/22 22/02/23 19/02/24 26/02/25 25/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 25.24M
17.34x - - 1.2% 213B
11.77x2.45x3.84x1.56% 123B
22.18x15.74x - 0.78% 59.88B
36.46x4.93x18.14x-.--% 32.76B
21.56x4.88x24.15x0.09% 27.74B
7.87x1.8x3.32x1.7% 23.47B
28.13x4.29x13.02x-.--% 22.22B
13.67x10.23x19.6x1.45% 20.55B
Average 19.87x 6.33x 13.68x 0.85% 58.12B
Weighted average by Cap. 17.89x 6.10x 10.03x 1.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Amanah Leasing

Historical PBR trend

Valuation ratios - PBR - Amanah Leasing

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Amanah Leasing

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Amanah Leasing

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