Company Valuation: Sappe

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,035 13,642 26,667 20,866 9,319 10,224 - -
Change - 69.78% 95.48% -21.75% -55.34% 9.71% - -
Enterprise Value (EV) 1 8,035 13,353 26,122 20,105 8,636 9,351 9,213 9,181
Change - 66.19% 95.62% -23.03% -57.05% 8.29% -1.48% -0.35%
P/E 19.6x 20.9x 24.8x 16.6x 12.2x 13.7x 11.7x 10.4x
PBR 2.77x 4.19x 6.99x 4.76x 2.19x 2.17x 1.99x 1.85x
PEG - 0.4x 0.4x 1x -0.3x -3.77x 0.7x 0.8x
Capitalization / Revenue 2.33x 2.99x 4.41x 3.08x 1.77x 1.83x 1.71x 1.6x
EV / Revenue 2.33x 2.92x 4.32x 2.97x 1.64x 1.68x 1.54x 1.43x
EV / EBITDA 10.8x 13.1x 16.9x 11.1x 7.12x 7.72x 6.73x 6.29x
EV / EBIT 14.7x 16.1x 19.1x 12.8x 8.97x 9.82x 7.98x 7.42x
EV / FCF - 19.1x 29.4x -249x 25.4x 15.8x 14.3x 9.78x
FCF Yield - 5.24% 3.4% -0.4% 3.94% 6.34% 6.99% 10.2%
Dividend per Share 2 1.1 - - - - 1.492 1.73 1.915
Rate of return 4.19% - - - - 4.45% 5.17% 5.72%
EPS 2 1.34 2.12 3.49 4.07 2.53 2.438 2.86 3.23
Distribution rate 82.1% - - - - 61.2% 60.5% 59.3%
Net sales 1 3,444 4,566 6,053 6,775 5,253 5,583 5,989 6,398
EBITDA 1 743.4 1,018 1,546 1,804 1,213 1,212 1,370 1,460
EBIT 1 545.5 830.5 1,368 1,567 962.6 952.5 1,154 1,238
Net income 1 410.8 653.2 1,074 1,253 776.2 749.7 878 991
Net Debt 1 - -288.4 -544.7 -760.7 -683.1 -872.2 -1,010 -1,043
Reference price 2 26.25 44.25 86.50 67.75 30.75 33.50 33.50 33.50
Nbr of stocks (in thousands) 306,087 308,289 308,289 307,987 303,055 302,925 - -
Announcement Date 24/02/22 28/02/23 27/02/24 24/02/25 27/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.74x1.66x7.65x4.45% 305M
Average 13.74x 1.66x 7.65x 4.45% 305.21M
Weighted average by Cap. 13.74x 1.66x 7.65x 4.45%

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