Company Valuation: Micro Leasing

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,620 4,020 2,038 916.3 766.7 1,169 - -
Change - -47.24% -49.3% -55.05% -16.33% 52.44% - -
Enterprise Value (EV) 7,620 4,020 2,038 916.3 766.7 1,169 1,169 1,169
Change - -47.24% -49.3% -55.05% -16.33% 52.44% 0% 0%
P/E 40.8x 61.4x -38.9x -6.45x 16.4x 10.4x 10.4x 9.62x
PBR 3.89x 2.05x - 0.53x 0.43x 0.63x 0.62x 0.6x
PEG - -0.9x 0x -0x -0x 0x - 1.15x
Capitalization / Revenue 13.4x 5.69x - 1.2x 1.56x 2.63x 2.59x 2.5x
EV / Revenue 0x 0x - 0x 0x 2.63x 2.59x 2.5x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x - 0x 0x 6.53x 6.46x 6.06x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.08 0.036 - - 0.027 0.066 0.068 0.073
Rate of return 0.98% 0.84% - - 3.29% 5.28% 5.44% 5.84%
EPS 2 0.2 0.07 -0.056 -0.152 0.05 0.12 0.12 0.13
Distribution rate 40% 51.4% - - 54% 55% 56.7% 56.2%
Net sales 1 569.2 706.7 - 760.8 490.1 444 451 467
EBITDA - - - - - - - -
EBIT 1 383.1 415.2 - 339.6 227 179 181 193
Net income 1 187.5 79.14 -52.54 -153.2 46.22 112 115 124
Net Debt - - - - - - - -
Reference price 2 8.150 4.300 2.180 0.980 0.820 1.250 1.250 1.250
Nbr of stocks (in thousands) 935,000 935,000 935,000 935,000 935,000 935,000 - -
Announcement Date 25/2/22 24/2/23 23/2/24 21/2/25 23/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
104.25x - - -.--% 23.93B
8.59x7.29x8.4x1.11% 22.41B
1141.14x - - -.--% 12.24B
11.57x4.18x46.09x4.04% 12B
5.44x - - 5.57% 11.15B
11.63x - - 4.24% 10.93B
8.94x3.15x28.19x3.73% 8.08B
Average 184.51x 4.87x 27.56x 2.67% 14.39B
Weighted average by Cap. 169.31x 5.62x 22.81x 2.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield