Company Valuation: Starflex

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,141 2,444 2,835 2,220 2,356 2,246 - -
Change - -40.99% 16% -21.67% 6.1% -4.68% - -
Enterprise Value (EV) 4,141 2,444 2,835 2,832 2,913 2,246 2,246 2,246
Change - -40.99% 16% -0.1% 2.86% -22.9% 0% 0%
P/E 28.1x 42.6x 15.6x 7.94x 9.81x 8.8x 9.06x 8.8x
PBR - - 2.85x 1.96x 2.08x 1.99x 1.93x 1.88x
PEG - -0.7x 0x 0.1x -0.9x 0.94x -3.17x 2.99x
Capitalization / Revenue 2.47x 1.46x 1.58x 1.19x 1.2x 1.07x 1.03x 0.98x
EV / Revenue 0x 0x 0x 0x 0x 1.07x 1.03x 0.98x
EV / EBITDA 0x 0x 0x 0x 0x 5.6x 5.53x 5.25x
EV / EBIT - - 0x 0x 0x 6.83x 6.87x 6.47x
EV / FCF -0x 0x 0x 0x 0x 14.4x 11.4x 16.9x
FCF Yield -3.15% 1.27% 6.65% 4.86% 12.6% 6.96% 8.77% 5.93%
Dividend per Share 2 0.085 - 0.075 0.133 0.104 0.13 0.12 0.13
Rate of return 1.68% - 2.09% 4.65% 3.31% 4.22% 3.9% 4.22%
EPS 2 0.18 0.07 0.23 0.36 0.32 0.35 0.34 0.35
Distribution rate 47.2% - 32.6% 36.9% 32.5% 37.1% 35.3% 37.1%
Net sales 1 1,674 1,669 1,795 1,869 1,963 2,098 2,186 2,281
EBITDA 1 222.9 124.2 265.2 332.5 332.6 401 406 428
EBIT 1 - - 207 266.2 261.9 329 327 347
Net income 1 149.8 55.07 184.3 280.8 243.2 276 272 275
Net Debt - - - 611.4 556.9 - - -
Reference price 2 5.050 2.980 3.580 2.860 3.140 3.080 3.080 3.080
Nbr of stocks (in thousands) 820,000 820,000 791,793 776,337 750,235 729,084 - -
Announcement Date 25/2/22 22/2/23 27/2/24 26/2/25 25/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.82x - - 4% 64.75M
15.05x1.37x8.61x5.95% 20.47B
20.53x3.21x9.03x2.98% 20.15B
25.71x1.48x10.56x1.21% 17.13B
19.85x1.87x11.45x2.11% 14.21B
16.63x1.29x8.57x1.15% 13.03B
20.12x2.24x10.77x1.42% 11.84B
32.53x2.49x12.09x1.36% 9.07B
39.87x1.08x7.92x2.91% 8.34B
Average 22.12x 1.88x 9.87x 2.57% 13B
Weighted average by Cap. 22.11x 1.92x 9.77x 2.64%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Starflex

Historical PBR trend

Valuation ratios - PBR - Starflex

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Starflex

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Starflex


Year-on-year evolution of the Yield

Valuation ratios - Yield - Starflex