Company Valuation: TPCS

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,048 1,706 2,171 1,836 1,166 1,064
Change - 62.89% 27.22% -15.42% -36.47% -8.8%
Enterprise Value (EV) 1 177.1 759.6 1,129 993.6 259.9 67.34
Change - 328.95% 48.65% -12.01% -73.84% -74.09%
P/E -53.9x 16x 7.61x 22.1x -216x 11.7x
PBR 0.45x 0.66x 0.8x 0.69x 0.45x 0.39x
PEG - -0x 0x -0.3x 2x -0x
Capitalization / Revenue 1.37x 1.83x 1.21x 1.28x 0.95x 0.8x
EV / Revenue 0.23x 0.81x 0.63x 0.69x 0.21x 0.05x
EV / EBITDA 2.13x 6.14x 3.27x 5.41x 5.16x 0.71x
EV / EBIT 11.2x 13.3x 4.12x 8.71x -7.47x 5.83x
EV / FCF -1.36x -15.6x 22.4x -9.13x 5.34x 0.75x
FCF Yield -73.6% -6.4% 4.47% -11% 18.7% 133%
Dividend per Share 2 0.6 0.75 1 0.65 0.25 0.7
Rate of return 6.19% 4.75% 4.98% 3.82% 2.31% 7.11%
EPS 2 -0.18 0.99 2.64 0.77 -0.05 0.84
Distribution rate -333% 75.8% 37.9% 84.4% -500% 83.3%
Net sales 1 762.9 932.7 1,793 1,437 1,233 1,325
EBITDA 1 82.98 123.7 345.8 183.5 50.4 95.46
EBIT 1 15.87 56.9 274.3 114.1 -34.77 11.56
Net income 1 -19.51 106.7 285.2 83.04 -5.524 90.6
Net Debt 1 -870.5 -946.8 -1,042 -842.4 -906.5 -996.5
Reference price 2 9.70 15.80 20.10 17.00 10.80 9.85
Nbr of stocks (in thousands) 108,000 108,000 108,000 108,000 108,000 108,000
Announcement Date 25/02/21 25/02/22 27/02/23 28/02/24 27/02/25 28/02/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 31.99M
34.31x4.85x23.29x0.49% 3.77B
12.4x1.61x6.86x3.48% 1.96B
89.14x1.85x23.16x - 1.64B
34.09x1.61x15.35x0.55% 1.42B
25.45x - - 1.96% 1.32B
Average 39.08x 2.48x 17.16x 1.62% 1.69B
Weighted average by Cap. 37.77x 3.04x 18.32x 1.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA