Company Valuation: KCE Electronics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 103,980 54,961 65,015 28,961 21,514 49,057 - -
Change - -47.14% 18.29% -55.45% -25.71% 128.02% - -
Enterprise Value (EV) 1 105,683 57,642 65,475 28,511 20,981 48,649 48,547 49,057
Change - -45.46% 13.59% -56.45% -26.41% 131.87% -0.21% 1.05%
P/E 42.9x 23.7x 37.9x 17.6x 26x 44x 34.1x 29x
PBR 7.75x 4.1x 4.75x 2.11x 1.64x 3.75x 3.71x 3.54x
PEG - -5.4x -1.5x -4.25x -0.5x 1.3x 1.2x 1.7x
Capitalization / Revenue 6.96x 2.98x 3.98x 1.95x 1.65x 3.53x 3.3x 3.12x
EV / Revenue 7.07x 3.12x 4.01x 1.92x 1.6x 3.5x 3.26x 3.12x
EV / EBITDA 28.3x 17.3x 24x 11.3x 11.5x 20.6x 17.3x 16.2x
EV / EBIT 39x 26x 40.2x 19.6x 28.9x 43.8x 30.7x 27x
EV / FCF 10,304x 56.8x 17.4x 11.4x 13.2x 25.5x 36.7x 22.3x
FCF Yield 0.01% 1.76% 5.76% 8.8% 7.56% 3.93% 2.73% 4.49%
Dividend per Share 2 1 1.6 1.2 1.3 1.2 1.109 1.228 1.33
Rate of return 1.14% 3.44% 2.18% 5.31% 6.59% 2.67% 2.96% 3.2%
EPS 2 2.05 1.96 1.45 1.39 0.7 0.9436 1.216 1.429
Distribution rate 48.8% 81.6% 82.8% 93.5% 171% 118% 101% 93.1%
Net sales 1 14,938 18,456 16,344 14,833 13,075 13,901 14,884 15,726
EBITDA 1 3,733 3,328 2,724 2,522 1,824 2,362 2,813 3,025
EBIT 1 2,709 2,214 1,629 1,455 725 1,111 1,581 1,815
Net income 1 2,426 2,317 1,720 1,648 832.7 1,111 1,440 1,683
Net Debt 1 1,703 2,680 460.4 -449.9 -533 -407.5 -510 -
Reference price 2 88.00 46.50 55.00 24.50 18.20 41.50 41.50 41.50
Nbr of stocks (in thousands) 1,181,590 1,181,966 1,182,089 1,182,089 1,182,089 1,182,089 - -
Announcement Date 08/02/22 07/02/23 13/02/24 24/02/25 10/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.98x3.5x20.6x2.67% 1.46B
20.78x11.69x17.34x0.39% 4,760B
22.05x10.77x14.61x1.15% 1,885B
42.54x17.43x25.65x0.68% 1,823B
12.38x7.5x9.07x0.06% 1,017B
5.61x3.23x3.88x0.31% 901B
92.07x15.96x58.95x-.--% 807B
-39.63x7.69x21.44x-.--% 462B
220.5x46.9x99.51x-.--% 284B
32.87x11.92x22.11x2.06% 255B
Average 45.32x 13.66x 29.32x 0.73% 1,220B
Weighted average by Cap. 29.75x 12.39x 21.40x 0.5%

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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