สำรวจหุ้น

13/09/2024

Prima Marine Public Company Limited: A Look at the Financials

Prima Marine Public Company Limited is a Thailand-based company that provides marine transportation services. The company's stock is listed on the Stock Exchange of Thailand (SET) under the symbol PRM.

In this article, we will take a look at Prima Marine's recent financial performance. We will look at the company's statement of financial position, statement of comprehensive income, and statement of cash flow. We will also calculate some key ratios, such as the P/E ratio and the EV/EBITDA ratio.

Based on our analysis, Prima Marine appears to be a financially sound company with a strong balance sheet and positive cash flow. The company's EV/EBITDA ratio is also relatively low, which suggests that the stock may be undervalued.

However, it is important to note that this is just a brief overview of Prima Marine's financials. There are many other factors that investors should consider before making an investment decision.

Financial Statements

Statement of Financial Position
Prima Marine Public Company Limited’s Statement of Financial Position as of December 31, 2023 is as follows:
Current Assets: ฿5,340.12
Non-Current Assets: ฿16,510.84
Total Assets: ฿21,850.96
Current Liabilities: ฿3,631.80
Non-Current Liabilities: ฿6,544.35
Total Liabilities: ฿10,176.15
Shareholders' Equity: ฿11,255.82
Statement of Comprehensive Income
Prima Marine Public Company Limited’s Statement of Comprehensive Income can be found on the fourth page of this document. In the statement, revenue from operations is listed as ฿4,519.17, while other income is listed as ฿40.68. Combined, the total revenue is ฿4,616.67. Costs are listed as ฿2,819.49, and the sum of selling and administrative expenses is ฿293.10. All together, total costs and expenses add up to ฿3,112.59. Subtracting the total cost and expenses from the total revenue gives us the EBITDA, which is ฿2,257.83. Depreciation and amortization is ฿715.03, which when subtracted from the EBITDA, gives us the EBIT of ฿1,542.80. Finally, net profit for owners of the parent company is ฿1,202.51.
Statement of Cash Flow
Prima Marine Public Company Limited’s Statement of Cash Flow can be found on page 4 of the document.
Here is a summarized version of the statement of cash flow for Prima Marine Public Company Limited:
The company's operating, investing, and financing activities all resulted in positive cash flow in the year ending 2023.
In 2023, the company generated ฿3,258 million in operating cash flow, ฿-531 million in investing cash flow, and ฿-2,498 million in financing cash flow.
The company's net cash flow for 2023 was ฿229 million.

Ratios

P/E Ratio (X) 8.17
P/BV (X) 1.65
EV/EBITDA 6.32

Fair Value Estimate

EV/EBITDA is a common valuation metric used to estimate the fair value of a company. It is calculated by dividing the enterprise value (EV) of a company by its earnings before interest, taxes, depreciation, and amortization (EBITDA).

Based on the financial data provided, the EV/EBITDA ratio for Prima Marine Public Company Limited is 6.32.

It is important to note that this is just one valuation metric, and other factors should also be considered when estimating the fair value of a company.

Disclaimer

I am not a financial

Financial Analysis Report for Prima Marine Public Company Limited Based on the factsheet for Prima Marine Public Company Limited on https://www.set.or.th/en/market/product/stock/quote/prm/factsheet,