Company Valuation: SCG Packaging

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 297,285 244,696 154,545 84,141 73,409 123,424 - -
Change - -17.69% -36.84% -45.56% -12.76% 68.13% - -
Enterprise Value (EV) 1 328,341 282,521 180,979 135,476 126,316 170,739 168,169 163,759
Change - -13.96% -35.94% -25.14% -6.76% 35.17% -1.51% -2.62%
P/E 35.9x 42.2x 29.5x 22.8x 18x 21.1x 19.4x 17.5x
PBR 3.07x 2.52x 2x 1.1x 0.81x 1.54x 1.48x 1.44x
PEG - -1.4x -3.06x -0.8x 1.7x 0.5x 2.24x 1.5x
Capitalization / Revenue 2.39x 1.68x 1.19x 0.63x 0.59x 0.94x 0.91x 0.88x
EV / Revenue 2.64x 1.93x 1.4x 1.02x 1.02x 1.3x 1.24x 1.16x
EV / EBITDA 15.5x 14.6x 10.9x 8.95x 7.25x 9.07x 8.59x 8.01x
EV / EBIT 25.6x 29.1x 24.3x 23.1x 20.6x 18.1x 16.8x 15.2x
EV / FCF -26.4x 80.4x 13.8x 16.3x 11.9x 21x 18.7x 15.8x
FCF Yield -3.79% 1.24% 7.25% 6.15% 8.4% 4.75% 5.35% 6.34%
Dividend per Share 2 0.65 0.6 0.55 0.55 - 0.6541 0.6983 0.7068
Rate of return 0.94% 1.05% 1.53% 2.81% - 2.28% 2.43% 2.46%
EPS 2 1.93 1.35 1.22 0.86 0.95 1.361 1.479 1.646
Distribution rate 33.7% 44.4% 45.1% 64% - 48.1% 47.2% 42.9%
Net sales 1 124,223 146,068 129,398 132,784 124,374 131,357 135,979 140,863
EBITDA 1 21,150 19,402 16,646 15,132 17,424 18,817 19,585 20,443
EBIT 1 12,835 9,703 7,440 5,873 6,123 9,449 9,997 10,792
Net income 1 8,294 5,801 5,248 3,699 4,069 5,859 6,360 7,097
Net Debt 1 31,056 37,825 26,434 51,334 52,907 47,315 44,745 40,336
Reference price 2 69.25 57.00 36.00 19.60 17.10 28.75 28.75 28.75
Nbr of stocks (in thousands) 4,292,920 4,292,920 4,292,920 4,292,920 4,292,920 4,293,000 - -
Announcement Date 25/01/22 24/01/23 23/01/24 28/01/25 27/01/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.02x1.11x7x4.25% 22.6B
22.81x2.32x11.12x2.31% 20B
27.87x1.14x8.72x4.89% 19.59B
21.24x2.31x9.56x1.87% 6.3B
13.43x1.22x7.07x4% 5.3B
19x2.29x13.4x3.6% 5.13B
7.98x1.32x9.46x1.19% 4.27B
26.25x0.79x7.24x2.33% 4.16B
11.61x0.98x6.48x4.47% 3.12B
Average 18.91x 1.50x 8.90x 3.21% 10.05B
Weighted average by Cap. 21.40x 1.53x 8.94x 3.52%

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