Company Valuation: SGF Capital

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,087 1,493 995.6 576.4 288.2 222.7
Change - 37.35% -33.33% -42.11% -50% -22.73%
Enterprise Value (EV) 1 1,368 2,043 1,895 1,582 775.4 293.7
Change - 49.39% -7.23% -16.54% -50.98% -62.13%
P/E 26.7x 26.2x 24.1x -18.4x -1.69x -1.35x
PBR 0.65x 0.86x 0.56x 0.33x 0.18x 0.16x
PEG - 0.7x -0.9x 0x -0x 0.37x
Capitalization / Revenue 4.59x 5.78x 3.6x 2.53x 4.86x 2.58x
EV / Revenue 5.77x 7.91x 6.85x 6.93x 13.1x 3.41x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0311 0.0435 0.0315 -0.0239 -0.1304 -0.1256
Distribution rate - - - - - -
Net sales 1 236.9 258.3 276.7 228.1 59.27 86.21
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 40.77 56.96 41.27 -31.32 -170.9 -164.6
Net Debt 1 280.3 549.7 899.7 1,005 487.2 70.96
Reference price 2 0.8300 1.1400 0.7600 0.4400 0.2200 0.1700
Nbr of stocks (in thousands) 1,310,000 1,310,000 1,310,000 1,310,000 1,310,000 1,310,000
Announcement Date 25/02/21 25/02/22 27/02/23 29/02/24 27/02/25 28/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
105.5x - - -.--% 24.22B
8.47x7.24x8.38x1.08% 22.84B
1180.18x - - -.--% 12.66B
11.47x4.17x22.85x3.93% 11.95B
5.41x - - 5.63% 11.04B
10.78x - - 4.57% 10.22B
4.61x - - 6.82% 8.25B
Average 189.49x 5.71x 15.62x 3.15% 14.45B
Weighted average by Cap. 178.24x 6.18x 13.35x 2.34%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SGF Capital

Historical PBR trend

Valuation ratios - PBR - SGF Capital

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SGF Capital

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SGF Capital