Company Valuation: Asia Fiber

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 426.1 501.3 284.8 222.4 161.3 185
Change - 17.65% -43.18% -21.92% -27.46% 14.69%
Enterprise Value (EV) 1 347.4 505.1 279.4 213.4 131.4 38.53
Change - 45.4% -44.69% -23.6% -38.44% -70.68%
P/E 10.4x 16.9x -3.68x 9.96x -14.8x 16.2x
PBR 0.36x 0.41x 0.24x 0.19x 0.14x 0.15x
PEG - -0.6x 0x -0x 0x -0x
Capitalization / Revenue 0.56x 0.49x 0.39x 0.31x 0.25x 0.37x
EV / Revenue 0.46x 0.49x 0.38x 0.3x 0.21x 0.08x
EV / EBITDA 7.13x 11.9x -4.64x 4.77x -145x 1.24x
EV / EBIT 7.51x 16.2x -3.7x 7.41x -7.5x 2.81x
EV / FCF -5.1x -5.81x 6.5x -92.2x 3.5x 0.35x
FCF Yield -19.6% -17.2% 15.4% -1.08% 28.6% 287%
Dividend per Share 2 - 0.14 - - - -
Rate of return - 1.27% - - - -
EPS 2 0.9 0.65 -1.7 0.49 -0.24 0.25
Distribution rate - 21.5% - - - -
Net sales 1 755.1 1,031 735.3 720.7 637.3 504.2
EBITDA 1 48.72 42.52 -60.22 44.79 -0.9086 31.05
EBIT 1 46.27 31.15 -75.61 28.82 -17.51 13.71
Net income 1 40.96 29.67 -77.37 22.27 -10.94 11.23
Net Debt 1 -78.73 3.787 -5.472 -8.976 -29.95 -146.5
Reference price 2 9.350 11.000 6.250 4.880 3.540 4.060
Nbr of stocks (in thousands) 45,574 45,574 45,574 45,574 45,574 45,574
Announcement Date 26/08/21 26/08/22 25/08/23 26/08/24 25/08/25 24/08/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10x0.56x5.93x3.6% 4.07B
34.63x4.74x23.21x0.54% 3.86B
14.52x1.74x7.38x3.09% 2.17B
34.46x1.97x16.05x - 2.17B
10.26x - - 5.74% 1.82B
12.18x - - 7.12% 1.72B
12.82x1.46x9.5x1.27% 1.61B
Average 18.41x 2.09x 12.41x 3.56% 2.49B
Weighted average by Cap. 19.56x 2.23x 12.95x 3.16%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Asia Fiber

Historical PBR trend

Valuation ratios - PBR - Asia Fiber

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Asia Fiber

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Asia Fiber