Company Valuation: Sakol Energy

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 595.2 1,105 781.2 502.2 323.6 167.4
Change - 85.62% -29.29% -35.71% -35.56% -48.28%
Enterprise Value (EV) 1 1,085 1,500 1,386 1,204 1,044 845.7
Change - 38.23% -7.57% -13.14% -13.31% -18.99%
P/E 16x 38.4x 350x -4.29x -8.29x -0.64x
PBR 0.64x 1.09x 0.77x 0.56x 0.38x 0.28x
PEG - -1.1x -3.8x 0x 0.1x -0x
Capitalization / Revenue 1.16x 2.26x 1.62x 0.92x 0.56x 0.43x
EV / Revenue 2.11x 3.07x 2.87x 2.2x 1.8x 2.19x
EV / EBITDA 10.6x 14.4x 17.4x 186x 9.02x -106x
EV / EBIT 22.4x 33.2x 83.6x -15x 65.9x -7.71x
EV / FCF -29.5x 17.8x -8.08x -7.26x -42.5x 5.64x
FCF Yield -3.39% 5.63% -12.4% -13.8% -2.35% 17.7%
Dividend per Share 2 0.015 - - - - -
Rate of return 2.34% - - - - -
EPS 2 0.0401 0.0258 0.002 -0.105 -0.035 -0.236
Distribution rate 37.4% - - - - -
Net sales 1 514.9 488.1 483.5 547.4 579.8 385.4
EBITDA 1 102 103.9 79.65 6.457 115.7 -7.957
EBIT 1 48.36 45.21 16.59 -80.47 15.84 -109.6
Net income 1 37.29 26.73 2.289 -116.7 -38.56 -263.4
Net Debt 1 489.9 395.1 605.2 701.9 720.2 678.3
Reference price 2 0.6400 0.9900 0.7000 0.4500 0.2900 0.1500
Nbr of stocks (in thousands) 930,000 1,116,000 1,116,000 1,116,000 1,116,000 1,116,001
Announcement Date 01/03/21 28/02/22 24/02/23 29/02/24 28/02/25 27/02/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 6.7M
13.67x7.55x9.86x4.76% 11.68B
11.25x - - 4.3% 7.49B
10.07x0.48x3.82x5.77% 7.77B
20.8x5.38x11.32x2.88% 6.42B
15.86x4.44x12.95x3.4% 5.68B
15.86x3.25x9.75x3.59% 4.75B
Average 14.58x 4.22x 9.54x 4.12% 6.26B
Weighted average by Cap. 14.18x 4.61x 9.29x 4.28%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Sakol Energy