Company Valuation: XSpring Capital

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,769 25,820 14,416 12,656 9,737 4,601
Change - 1,359.17% -44.17% -12.21% -23.07% -52.75%
Enterprise Value (EV) 1 994 18,073 7,707 10,223 8,007 4.88
Change - 1,718.29% -57.36% 32.65% -21.67% -99.94%
P/E -106x 290x -77x 121x 58.7x 25.5x
PBR 0.69x 2.49x 1.38x 1.18x 0.82x 0.39x
PEG - -1x 0x -1x 1.4x 2.87x
Capitalization / Revenue 14.1x 162x 194x 24x 12.6x 5.32x
EV / Revenue 7.95x 113x 104x 19.4x 10.3x 0.01x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - 0.01
Rate of return - - - - - 2.33%
EPS 2 -0.01 0.01 -0.02 0.011 0.0155 0.0169
Distribution rate - - - - - 59.3%
Net sales 1 125.1 159.3 74.23 526.5 774 864.6
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 -16.62 88.12 -171.1 106.1 160.8 180.6
Net Debt 1 -775.5 -7,747 -6,710 -2,434 -1,730 -4,596
Reference price 2 1.0700 2.9000 1.5400 1.3300 0.9100 0.4300
Nbr of stocks (in thousands) 1,653,737 8,903,436 9,361,349 9,516,093 10,700,191 10,700,191
Announcement Date 01/03/21 25/02/22 24/02/23 23/02/24 21/02/25 24/02/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.76x6.45x - 2.26% 298B
12.97x10.01x - 2.06% 278B
10.89x - - 2.03% 206B
15.01x5.41x8.96x1.38% 160B
10.07x1.52x - 3.59% 55.42B
10.79x7.68x12.44x3.13% 48.39B
19.51x10.95x12.22x0.67% 43.99B
9.23x6.46x - 3.52% 39.33B
30.31x4.26x5.39x0.49% 37.38B
Average 14.84x 6.59x 9.75x 2.12% 130B
Weighted average by Cap. 13.79x 7.21x 9.57x 2.07%

Y-o-Y evolution of P/E

Valuation ratios - P/E - XSpring Capital

Historical PBR trend

Valuation ratios - PBR - XSpring Capital

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - XSpring Capital

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - XSpring Capital