RATCH GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.5 THB | -1.72% |
|
+0.88% | -9.52% |
| May. 14 | Ratch Group Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| May. 03 | Mitsui & Co Completes 109 Billion Yen Sale of Paiton Energy | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 99,688 | 76,850 | 65,250 | 92,981 | 68,512 | 61,987 | - | - |
| Enterprise Value (EV) 1 | 122,455 | 111,369 | 119,408 | 157,615 | 134,919 | 145,318 | 149,588 | 155,299 |
| P/E ratio | 16.7 x | 12.2 x | 8.4 x | 13.6 x | 13.2 x | 8.98 x | 7.54 x | 6.88 x |
| Yield | 3.49% | 4.53% | 5.56% | 3.74% | 5.08% | 6.11% | 6.6% | 7.25% |
| Capitalization / Revenue | 2.81 x | 2.43 x | 1.75 x | 1.24 x | 1.57 x | 1.07 x | 1.03 x | 1.17 x |
| EV / Revenue | 3.46 x | 3.52 x | 3.2 x | 2.11 x | 3.09 x | 2.5 x | 2.49 x | 2.94 x |
| EV / EBITDA | 24.2 x | 26.5 x | 25.7 x | 27.7 x | 19.4 x | 14.2 x | 14.3 x | 13.6 x |
| EV / FCF | 38.9 x | 41.8 x | 22.7 x | 30.7 x | 17.5 x | -16 x | 33.3 x | 65.7 x |
| FCF Yield | 2.57% | 2.39% | 4.41% | 3.25% | 5.71% | -6.27% | 3% | 1.52% |
| Price to Book | 1.68 x | 1.27 x | 0.93 x | 0.95 x | 0.7 x | 0.59 x | 0.57 x | 0.54 x |
| Nbr of stocks (in thousands) | 1,450,000 | 1,450,000 | 1,450,000 | 2,175,000 | 2,175,000 | 2,175,000 | - | - |
| Reference price 2 | 68.75 | 53.00 | 45.00 | 42.75 | 31.50 | 28.50 | 28.50 | 28.50 |
| Announcement Date | 2/19/20 | 2/16/21 | 2/23/22 | 2/28/23 | 2/27/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 35,441 | 31,653 | 37,327 | 74,725 | 43,675 | 58,044 | 60,101 | 52,909 |
| EBITDA 1 | 5,068 | 4,208 | 4,653 | 5,697 | 6,948 | 10,224 | 10,487 | 11,457 |
| EBIT 1 | 3,540 | 2,376 | 2,508 | 2,660 | 2,883 | 4,778 | 4,748 | 6,180 |
| Operating Margin | 9.99% | 7.51% | 6.72% | 3.56% | 6.6% | 8.23% | 7.9% | 11.68% |
| Earnings before Tax (EBT) 1 | 6,833 | 6,315 | 7,957 | 6,614 | 6,339 | 8,205 | 8,831 | 9,034 |
| Net income 1 | 5,963 | 6,287 | 7,772 | 5,782 | 5,167 | 6,923 | 8,221 | 9,028 |
| Net margin | 16.83% | 19.86% | 20.82% | 7.74% | 11.83% | 11.93% | 13.68% | 17.06% |
| EPS 2 | 4.110 | 4.340 | 5.360 | 3.150 | 2.380 | 3.175 | 3.781 | 4.142 |
| Free Cash Flow 1 | 3,147 | 2,663 | 5,260 | 5,129 | 7,699 | -9,106 | 4,490 | 2,365 |
| FCF margin | 8.88% | 8.41% | 14.09% | 6.86% | 17.63% | -15.69% | 7.47% | 4.47% |
| FCF Conversion (EBITDA) | 62.1% | 63.27% | 113.05% | 90.04% | 110.81% | - | 42.81% | 20.64% |
| FCF Conversion (Net income) | 52.78% | 42.35% | 67.68% | 88.71% | 149% | - | 54.61% | 26.19% |
| Dividend per Share 2 | 2.400 | 2.400 | 2.500 | 1.600 | 1.600 | 1.740 | 1.880 | 2.067 |
| Announcement Date | 2/19/20 | 2/16/21 | 2/23/22 | 2/28/23 | 2/27/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2023 Q2 | 2023 S1 |
|---|---|---|---|
| Net sales | - | - | - |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | 2,196 | 2,125 | 3,573 |
| Net margin | - | - | - |
| EPS 2 | 1.200 | 0.9800 | 1.640 |
| Dividend per Share | - | - | - |
| Announcement Date | 8/15/22 | 8/11/23 | 8/11/23 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 22,767 | 34,519 | 54,158 | 64,634 | 66,407 | 83,331 | 87,601 | 93,312 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.492 x | 8.202 x | 11.64 x | 11.35 x | 9.557 x | 8.15 x | 8.353 x | 8.145 x |
| Free Cash Flow 1 | 3,147 | 2,663 | 5,260 | 5,129 | 7,699 | -9,106 | 4,490 | 2,365 |
| ROE (net income / shareholders' equity) | 9.99% | 9.98% | 11.9% | 6.9% | 5.27% | 6.76% | 7.8% | 8.27% |
| ROA (Net income/ Total Assets) | 5.92% | 7.24% | 5.82% | 2.99% | 2.33% | 3.17% | 3.63% | 3.85% |
| Assets 1 | 100,741 | 86,833 | 133,494 | 193,297 | 221,532 | 218,623 | 226,275 | 234,506 |
| Book Value Per Share 2 | 41.00 | 41.70 | 48.50 | 45.10 | 45.10 | 48.40 | 50.30 | 52.30 |
| Cash Flow per Share 2 | 3.850 | 5.030 | 4.930 | 3.450 | 4.940 | 3.790 | 3.180 | - |
| Capex 1 | 2,442 | 4,629 | 1,894 | 2,375 | 3,045 | 21,958 | 600 | 4,657 |
| Capex / Sales | 6.89% | 14.62% | 5.07% | 3.18% | 6.97% | 37.83% | 1% | 8.8% |
| Announcement Date | 2/19/20 | 2/16/21 | 2/23/22 | 2/28/23 | 2/27/24 | - | - | - |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
28.5
THB
Average target price
35.5
THB
Spread / Average Target
+24.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.52% | 1.68B | |
| +15.38% | 41.71B | |
| +43.92% | 34.93B | |
| +34.45% | 18.24B | |
| +30.84% | 8.76B | |
| +79.92% | 6.74B | |
| +30.89% | 6.44B | |
| +39.95% | 5.33B | |
| -6.59% | 3.93B | |
| +29.63% | 3.79B |
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- RATCH Stock
- Financials Ratch Group
