Company Valuation: Tapaco

Data adjusted to current consolidation scope
Fiscal Period: October 2019 2020 2021 2022 2023 2024
Market Cap 1 2,965 1,211 1,738 1,318 543.7 214.2
Change - -59.17% 43.54% -24.17% -58.75% -60.61%
Enterprise Value (EV) 1 3,751 1,861 2,749 1,846 1,096 473.3
Change - -50.37% 47.7% -32.87% -40.63% -56.81%
P/E 37.9x -25.6x -144x 11.9x -7.09x -0.77x
PBR 2.91x 1.28x 1.91x 1.33x 0.63x 0.34x
PEG - 0x 1.9x -0x 0x -0x
Capitalization / Revenue 1.62x 0.69x 0.68x 0.49x 0.3x 0.15x
EV / Revenue 2.05x 1.05x 1.07x 0.69x 0.61x 0.32x
EV / EBITDA 19.5x 21.7x 23.5x 11.4x 30.8x -3.9x
EV / EBIT 32.6x -70.9x 72.6x 28.8x -23.6x -2.94x
EV / FCF -42.8x 10x -8.2x 7.12x 27.6x 1.05x
FCF Yield -2.34% 9.97% -12.2% 14% 3.63% 95.1%
Dividend per Share 2 0.06 0.01 0.01 0.02 0.04 -
Rate of return 0.83% 0.34% 0.24% 0.63% 3.03% -
EPS 2 0.19 -0.1149 -0.0292 0.2684 -0.1862 -0.6758
Distribution rate 31.6% -8.71% -34.2% 7.45% -21.5% -
Net sales 1 1,832 1,766 2,561 2,665 1,788 1,476
EBITDA 1 192.3 85.59 116.9 162 35.61 -121.3
EBIT 1 114.9 -26.24 37.89 64.05 -46.43 -160.9
Net income 1 79.23 -47.31 -12.04 110.5 -76.67 -278.4
Net Debt 1 785.3 650.6 1,011 527.7 552.2 259.2
Reference price 2 7.2000 2.9400 4.2200 3.2000 1.3200 0.5200
Nbr of stocks (in thousands) 411,864 411,864 411,864 411,864 411,864 411,864
Announcement Date 02/01/20 04/01/21 06/01/22 29/01/23 27/03/24 15/06/26
1THB in Million2THB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 6.44M
58.58x - - - 62.68B
11.54x3.57x10.29x-.--% 23.69B
7.86x16.42x19.7x5.94% 20.93B
4.3x0.22x0.46x7.9% 15.05B
8.64x17.12x - 6.12% 8.49B
7.92x0.81x6.69x2.47% 5.8B
-2.07x1.58x69.5x-.--% 4.83B
5.77x14.06x21.23x5.5% 4.77B
Average 12.82x 7.68x 21.31x 3.99% 16.25B
Weighted average by Cap. 29.48x 7.85x 15.17x 4.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA