The Discounted Cash Flow (DCF) valuation of Jasmine International PCL (JAS.BK) is 0.59 THB. With the latest stock price at 1.35 THB, the upside of Jasmine International PCL based on DCF is -56.7%.
Based on the latest price of 1.35 THB and our DCF valuation, Jasmine International PCL (JAS.BK) is a sell. Selling JAS.BK stocks now will result in a potential gain of 56.7%.
Range | Selected | |
WACC / Discount Rate | 6.9% - 9.9% | 8.4% |
Long-term Growth Rate | 3.0% - 5.0% | 4.0% |
Fair Price | 0.39 - 1.29 | 0.59 |
Upside | -70.8% - -4.2% | -56.7% |
(THB in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 3,239 | 2,619 | 2,776 | 2,937 | 3,048 | 3,299 |
% Growth | 46% | -19% | 6% | 6% | 4% | 8% |
Cost of goods sold | (2,631) | (2,021) | (2,035) | (2,045) | (2,016) | (2,073) |
% of Revenue | 81% | 77% | 73% | 70% | 66% | 63% |
Selling, G&A expenses | (609) | (493) | (522) | (553) | (574) | (621) |
% of Revenue | 19% | 19% | 19% | 19% | 19% | 19% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | 659 | 533 | 565 | 598 | 620 | 671 |
% of Revenue | 20% | 20% | 20% | 20% | 20% | 20% |
Tax expense | 11 | (34) | (42) | (50) | (57) | (68) |
Tax rate | 2% | 5% | 5% | 5% | 5% | 5% |
Net profit | 669 | 605 | 742 | 887 | 1,021 | 1,209 |
% Margin | 21% | 23% | 27% | 30% | 34% | 37% |