Company Valuation: Netbay

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,720 5,000 4,960 3,400 4,260 2,300 - -
Change - 5.93% -0.8% -31.45% 25.29% -46.01% - -
Enterprise Value (EV) 1 4,720 4,938 4,878 3,292 4,068 2,094 1,977 1,923
Change - 4.62% -1.22% -32.5% 23.57% -48.53% -5.57% -2.73%
P/E 28.4x 29.4x 27.6x 15.7x 16x 15.3x 9.27x 8.39x
PBR 9.79x - - - - - - -
PEG - 12.2x 4.69x 0.8x 0.7x -0.4x 0.1x 0.8x
Capitalization / Revenue 11.8x 10.9x 10.2x 5.85x 5.85x 4.23x 2.93x 2.7x
EV / Revenue 11.8x 10.8x 10x 5.66x 5.59x 3.85x 2.52x 2.25x
EV / EBITDA 23.4x 21.9x 20.6x 11.1x 11.2x 9.43x 5.7x 5.05x
EV / EBIT 25.2x 23.3x 22.1x 12.1x 12.2x 11.1x 6.34x 5.59x
EV / FCF 23.1x 36.8x 25.1x 27.2x 14.7x 11.8x 7.75x 6.83x
FCF Yield 4.33% 2.72% 3.98% 3.67% 6.82% 8.51% 12.9% 14.7%
Dividend per Share 2 0.7945 0.8162 0.8983 1.179 1.579 0.67 1.12 1.23
Rate of return 3.37% 3.26% 3.62% 6.94% 7.41% 5.83% 9.74% 10.7%
EPS 2 0.83 0.85 0.9 1.08 1.33 0.75 1.24 1.37
Distribution rate 95.7% 96% 99.8% 109% 119% 89.3% 90.3% 89.8%
Net sales 1 400.5 457.2 487.4 581.5 728.2 544 786 853
EBITDA 1 201.9 225.5 236.6 296.7 364.3 222 347 381
EBIT 1 187.1 211.7 220.8 271 333.7 189 312.1 343.9
Net income 1 165.6 169.7 180.3 215.9 265.6 150 248 273
Net Debt 1 - -61.81 -82.15 -107.6 -191.5 -206 -322.7 -376.7
Reference price 2 23.60 25.00 24.80 17.00 21.30 11.50 11.50 11.50
Nbr of stocks (in thousands) 200,000 200,000 200,000 200,000 200,000 200,000 - -
Announcement Date 24/02/22 23/02/23 22/02/24 21/02/25 25/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.63x4.13x10.63x0.85% 165B
-636.62x40.57x166.67x-.--% 118B
-20.45x8.09x13.83x-.--% 58.62B
63.87x6.18x24.54x-.--% 18.37B
258.84x13.98x35.8x-.--% 15.55B
61.07x5.79x19.11x-.--% 14.67B
-51.13x176.17x-60.33x - 7.78B
34.13x8.26x18.13x-.--% 6.78B
17.39x3.57x9.48x-.--% 5.15B
Average -27.59x 29.64x 26.43x 0.11% 45.52B
Weighted average by Cap. -161.39x 19.03x 56.61x 0.35%

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