Company Valuation: AMR Asia

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 3,750 2,416 1,034 549.4 254
Change - -35.57% -57.21% -46.86% -53.76%
Enterprise Value (EV) 1 2,783 1,953 1,090 618.7 454.2
Change - -29.82% -44.17% -43.26% -26.59%
P/E 21x 495x -3.05x -5.02x -1.66x
PBR 2.62x 1.75x 1.04x 0.62x 0.35x
PEG -0.5x -5.1x 0x 0.1x -0x
Capitalization / Revenue 2.33x 1.77x 1.36x 0.7x 0.4x
EV / Revenue 1.73x 1.43x 1.44x 0.79x 0.71x
EV / EBITDA 11.7x 105x -2.95x -5.54x -3.52x
EV / EBIT 12.3x 266x -2.86x -5.02x -3.18x
EV / FCF -22x -4.43x -5.66x 18.1x -6.13x
FCF Yield -4.55% -22.6% -17.7% 5.51% -16.3%
Dividend per Share 2 0.16 0.05 - - -
Rate of return 2.56% 1.23% - - -
EPS 2 0.298 0.008198 -0.573 -0.1854 -0.2596
Distribution rate 53.7% 610% - - -
Net sales 1 1,609 1,364 758.8 783 636.5
EBITDA 1 237.8 18.53 -370.1 -111.7 -129.1
EBIT 1 225.7 7.34 -380.7 -123.2 -142.7
Net income 1 178.8 4.914 -339 -109.5 -153.4
Net Debt 1 -967.3 -463 56.69 69.34 200.2
Reference price 2 6.2500 4.0600 1.7500 0.9300 0.4300
Nbr of stocks (in thousands) 600,000 595,081 590,710 590,710 590,710
Announcement Date 28/2/22 23/2/23 28/2/24 27/2/25 26/2/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
59.18x2.7x25.79x0.06% 102B
13.57x1.14x6.24x4.31% 78.86B
35.88x4.52x24.55x0.19% 61.1B
26.73x2.05x20.14x1.13% 57.58B
59.01x4.67x29.52x1.52% 47.63B
30.95x0.76x12.63x2% 38.66B
25.44x1.74x16.07x0.18% 36.76B
25.85x0.53x8.37x2.28% 35.4B
4.41x0.29x5.46x6.34% 27.57B
Average 31.22x 2.04x 16.53x 2% 53.94B
Weighted average by Cap. 34.63x 2.27x 17.94x 1.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA