View Future GrowthN.D. Rubber 過去の業績過去 基準チェック /46N.D. Rubberの収益は年間平均-20.6%の割合で減少していますが、 Auto Components業界の収益は年間 増加しています。収益は年間1.3% 2.8%割合で 増加しています。 N.D. Rubberの自己資本利益率は2.9%であり、純利益率は3%です。主要情報-20.61%収益成長率-25.01%EPS成長率Auto Components 業界の成長11.96%収益成長率2.75%株主資本利益率2.88%ネット・マージン2.97%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.046 (vs ฿0.022 in FY 2024)Full year 2025 results: EPS: ฿0.046 (up from ฿0.022 in FY 2024). Revenue: ฿937.0m (up 2.1% from FY 2024). Net income: ฿21.0m (up 157% from FY 2024). Profit margin: 2.2% (up from 0.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.014 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.001 (down from ฿0.014 in 2Q 2024). Revenue: ฿221.8m (up 3.6% from 2Q 2024). Net income: ฿629.2k (down 87% from 2Q 2024). Profit margin: 0.3% (down from 2.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.013 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01. Revenue: ฿231.2m (down 4.3% from 1Q 2024). Net income: ฿4.40m (up 1.1% from 1Q 2024). Profit margin: 1.9% (up from 1.8% in 1Q 2024).Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.022 (vs ฿0.19 loss in FY 2023)Full year 2024 results: EPS: ฿0.022 (up from ฿0.19 loss in FY 2023). Revenue: ฿918.1m (up 9.8% from FY 2023). Net income: ฿8.19m (up ฿73.2m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.009 (vs ฿0.087 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.009 (up from ฿0.087 loss in 3Q 2023). Revenue: ฿221.5m (up 5.6% from 3Q 2023). Net income: ฿3.32m (up ฿33.5m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.014 (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.014 (up from ฿0.12 loss in 2Q 2023). Revenue: ฿214.0m (up 5.1% from 2Q 2023). Net income: ฿4.71m (up ฿44.7m from 2Q 2023). Profit margin: 2.2% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesNew Risk • May 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿763.0m market cap, or US$23.4m).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 30%After last week's 30% share price gain to ฿1.67, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 9x in the Auto Components industry in Thailand. Total loss to shareholders of 12% over the past three years.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.17, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 9x in the Auto Components industry in Thailand. Total loss to shareholders of 41% over the past three years.New Risk • Mar 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 58% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿662.5m market cap, or US$20.8m).Buy Or Sell Opportunity • Mar 05Now 20% undervaluedOver the last 90 days, the stock has risen 13% to ฿1.43. The fair value is estimated to be ฿1.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.046 (vs ฿0.022 in FY 2024)Full year 2025 results: EPS: ฿0.046 (up from ฿0.022 in FY 2024). Revenue: ฿937.0m (up 2.1% from FY 2024). Net income: ฿21.0m (up 157% from FY 2024). Profit margin: 2.2% (up from 0.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Feb 27+ 1 more updateN.D. Rubber Public Company Limited announces Annual dividend, payable on April 30, 2026N.D. Rubber Public Company Limited announced Annual dividend of THB 0.0350 per share payable on April 30, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿530.0m market cap, or US$16.3m).New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿805.5m market cap, or US$24.8m).New Risk • Sep 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿818.6m market cap, or US$25.8m).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.014 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.001 (down from ฿0.014 in 2Q 2024). Revenue: ฿221.8m (up 3.6% from 2Q 2024). Net income: ฿629.2k (down 87% from 2Q 2024). Profit margin: 0.3% (down from 2.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.013 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01. Revenue: ฿231.2m (down 4.3% from 1Q 2024). Net income: ฿4.40m (up 1.1% from 1Q 2024). Profit margin: 1.9% (up from 1.8% in 1Q 2024).New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿575.7m market cap, or US$17.5m).お知らせ • Apr 29N.D. Rubber Public Company Limited Approves Omission of Dividend for the Year 2024N.D. Rubber Public Company Limited at its AGM held on 28 April, 2025 approved the omission of dividend payment for the year 2024.お知らせ • Mar 26N.D. Rubber Public Company Limited announced that it has received THB 356.4 million in funding from EG Industries BerhadN.D. RUBBER PUBLIC COMPANY LIMITED announced a private placement to issue 198,000,000 shares at an issue price of THB 1.98 per share for gross proceeds of THB 356,400,000 on March 25, 2025. The transaction included participation from new investor EG Industries Berhad. The transaction has been approved by shareholders of company.お知らせ • Mar 03N.D. Rubber Public Company Limited, Annual General Meeting, Apr 28, 2025N.D. Rubber Public Company Limited, Annual General Meeting, Apr 28, 2025, at 09:30 SE Asia Standard Time. Location: room panorama 1, floor 14, the emerald hotel bangkok, ThailandReported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.022 (vs ฿0.19 loss in FY 2023)Full year 2024 results: EPS: ฿0.022 (up from ฿0.19 loss in FY 2023). Revenue: ฿918.1m (up 9.8% from FY 2023). Net income: ฿8.19m (up ฿73.2m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (฿772.1m market cap, or US$22.3m).Valuation Update With 7 Day Price Move • Dec 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.72, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 11x in the Auto Components industry in Thailand. Total loss to shareholders of 38% over the past three years.Valuation Update With 7 Day Price Move • Nov 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.26, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 11x in the Auto Components industry in Thailand. Total loss to shareholders of 12% over the past three years.Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.009 (vs ฿0.087 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.009 (up from ฿0.087 loss in 3Q 2023). Revenue: ฿221.5m (up 5.6% from 3Q 2023). Net income: ฿3.32m (up ฿33.5m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.New Risk • Oct 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (฿1.06b market cap, or US$32.5m).お知らせ • Aug 23N.D. Rubber Public Company Limited Appoints Loo Jieh Sheng as DirectorN.D. Rubber Public Company Limited at its EGM held on August 23, 2024 approved appointment of Mr. Loo Jieh Sheng as a new director. This is an additional director appointment, and following the appointment of Mr. Loo Jieh Sheng, the Board of Directors will consist of 9 directors.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.014 (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.014 (up from ฿0.12 loss in 2Q 2023). Revenue: ฿214.0m (up 5.1% from 2Q 2023). Net income: ฿4.71m (up ฿44.7m from 2Q 2023). Profit margin: 2.2% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 19Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 12 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.4%). Lower than average of industry peers (6.2%).お知らせ • Jun 14N.D. Rubber Public Company Limited announced that it expects to receive THB 198 million in funding from EG Industries BerhadN.D. Rubber Public Company Limited announced a private placement of 110,000,000 shares at issue price THB 1.80 per share for gross proceeds THB 198,000,000 on June 12, 2024. The transaction includes participation from EG Industries Berhad. The transaction was approved by board of directors.お知らせ • Jun 13N.D. Rubber Public Company Limited Announces Interim Cash Dividend Payment, Payable on July 12,2024N.D. Rubber Public Company Limited announced interim cash dividend of THB 0.05 per share. Par value: THB 1.00. Paid from: Retained Earnings. Date of Board resolution: June 12, 2024. Record date for the right to receive dividends: June 27, 2024. Ex-dividend date: June 26, 2024. Payment date; July 12, 2024.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.022 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.013 (up from ฿0.022 loss in 1Q 2023). Revenue: ฿241.7m (up 18% from 1Q 2023). Net income: ฿4.35m (up ฿11.9m from 1Q 2023). Profit margin: 1.8% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.お知らせ • Mar 29N.D. Rubber Public Company Limited Omits Dividend Payment for the Year 2023N.D. Rubber Public Company Limited at its Annual General Meeting of Shareholders 2024 held on March 29, 2024, resolved to approve the omission dividend payment of the year 2023.Reported Earnings • Mar 01Full year 2023 earnings released: ฿0.19 loss per share (vs ฿0.07 loss in FY 2022)Full year 2023 results: ฿0.19 loss per share (further deteriorated from ฿0.07 loss in FY 2022). Revenue: ฿836.3m (flat on FY 2022). Net loss: ฿65.0m (loss widened 167% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.お知らせ • Feb 29N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2024N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2024, at 09:30 SE Asia Standard Time. Agenda: To certify the minutes of the Annual General Meeting of Shareholders for the year 2023; to acknowledge the director's report on the results of the Company's business operation for the year 2023 and business plan for the year 2024; to consider the approval of the annual audited financial statement for the year ended 31 December 2023; to consider the approval of the omission of apportionment as statutory reserve fund for the year 2023; to consider and approval of the omission of dividend payment for the year 2023; to consider the approval of the re-election of Directors to replace those retirements by rotation; to consider the approval of Directors' remuneration for the year 2024; to consider the approval of the Company's auditor and determine the auditor's remuneration for the year 2024; to consider and approve the amendment the Articles of Association of the Company; and to consider other matters.New Risk • Nov 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿416.3m market cap, or US$11.6m).お知らせ • Sep 14N.D. Rubber Public Company Limited Announces CFO ChangesN.D. Rubber Public Company Limited announced that Miss Krittayawan Kungmarerng appointed as Chief Financial Officer, Effective Date 01 June 2023 in place of Miss Malinee Charoenchaisin as Chief Financial Officer, Effective Date of Termination 28 May 2023.Reported Earnings • Aug 12Second quarter 2023 earnings released: ฿0.12 loss per share (vs ฿0.019 profit in 2Q 2022)Second quarter 2023 results: ฿0.12 loss per share (down from ฿0.019 profit in 2Q 2022). Revenue: ฿203.6m (down 3.3% from 2Q 2022). Net loss: ฿40.0m (down ฿46.6m from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.お知らせ • Jun 02N.D. Rubber Public Company Limited Announces Changing of CFON.D. Rubber Public Company Limited announced termination of Miss Malinee Charoenchaisin as General Manager of Finance & Accounting Department. Effective Date of Termination: 28-May-2023. Announced appointment of Miss Krittayawan Kungmarerng as General Manager of Finance & Accounting Department. Effective Date of Appointment: 01-Jun-2023.Upcoming Dividend • Mar 01Upcoming dividend of ฿0.02 per share at 1.4% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 28 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (6.0%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirada Jarutakanont was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿0.001 loss per share (down from ฿0.034 profit in 1Q 2021). Revenue: ฿201.0m (up 1.1% from 1Q 2021). Net loss: ฿257.0k (down 102% from profit in 1Q 2021). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirada Jarutakanont was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 30N.D. Rubber Public Company Limited Approves Dividend for the Year 2021, Payable on 29 April 2022The Annual General Meeting of Shareholders 2022 of N.D. Rubber Public Company Limited held on 29 March 2022, approved the dividend payment from operating performance for the year 2021 at the rate of THB 0.03 per share for existing shares at 346,891,514 shares, totaling 10,406,745.42 which about 41.47% from the Company's net profit after tax and reserve by law. The dividend will be paid on 29 April 2022 to shareholders listed in record date on 9 March 2022.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.30, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 15x in the Auto Components industry in Thailand. Total returns to shareholders of 72% over the past three years.Upcoming Dividend • Mar 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (6.2%).お知らせ • Feb 25N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2022N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2022, at 02:30 Coordinated Universal Time. Location: Meeting Room Petchchompoo, Floor 3 The Emerald Hotel Bangkok Bangkok Thailand Agenda: To consider and to acknowledge the director's report on the results of the company's business operation for the year 2021 and business plan for the year 2022; to acknowledge notification of moving of NDR securities from the Market for Alternative Investment to trade in the Stock Exchange of Thailand; to consider the approval of the annual audited financial statement for the year ended 31 December 2021; to consider the approval the allocation of legal reserve from net profit of the year 2021 and dividend payment from operating performance of the year 2021; and to consider other matters.お知らせ • Feb 24N.D. Rubber Public Company Limited Proposes Dividend for the Year 2021N.D. Rubber Public Company Limited at its board meeting held on February 22, 2022 proposed to consider and approve dividend payment from the retained earnings of the year 2021 operating performance at the rate of THB 0.030 per share for the existing shares at 346,891,514 shares, totaling THB 10,406,745.42. All dividends under non-BOI Privilege are subjected to be deducted the withholding tax as prescribed by law. The record date for meeting eligibility and dividend entitlement is March 9, 2022 and the dividend payment date is April 29, 2022. However, the granting of such rights is uncertain due to the approval of the shareholders meeting.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿3.14, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 16x in the Auto Components industry in Thailand. Total returns to shareholders of 57% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.028 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿201.0m (up 28% from 2Q 2020). Net income: ฿9.65m (up 8.4% from 2Q 2020). Profit margin: 4.8% (down from 5.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿2.80, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Auto Components industry in Thailand. Total returns to shareholders of 32% over the past three years.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.52, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 20x in the Auto Components industry in Thailand. Total returns to shareholders of 64% over the past three years.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.034 (vs ฿0.007 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿198.7m (up 18% from 1Q 2020). Net income: ฿10.8m (up ฿13.1m from 1Q 2020). Profit margin: 5.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 34% share price gain to ฿2.60, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 23x in the Auto Components industry in Thailand. Total loss to shareholders of 9.6% over the past three years.お知らせ • Mar 11N.D. Rubber Public Company Limited, Annual General Meeting, Mar 31, 2021N.D. Rubber Public Company Limited, Annual General Meeting, Mar 31, 2021, at 09:30 SE Asia Standard Time. Location: at the emerald hotel, panaroma1, 14th floor no. 99/1 ratchadapisek road huai khwang, din daeng Bangkok Thailandお知らせ • Mar 09N.D. Rubber Public Company Limited Announces Executive ChangesN.D. Rubber Public Company Limited announced that the termination of Samrittivanicha Chaiyasit as Acting Chief Financial Officer. Effective Date of Termination is March 7, 2021. The company also announced the appointment of Charoenchaisin Malinee as General Manager of Finance & Accounting Department. Effective Date of Appointment is March 8, 2021.Upcoming Dividend • Mar 04Upcoming Dividend of ฿0.05 Per ShareWill be paid on the 30th of April to those who are registered shareholders by the 11th of March. The trailing yield of 2.6% is below the top quartile of Thai dividend payers (5.8%), and is lower than industry peers (4.7%).Is New 90 Day High Low • Feb 25New 90-day high: ฿2.06The company is up 33% from its price of ฿1.55 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 40% over the same period.Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿0.14 (vs ฿0.062 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿775.8m (down 8.8% from FY 2019). Net income: ฿45.3m (up ฿64.8m from FY 2019). Profit margin: 5.8% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 04New 90-day high: ฿1.76The company is up 24% from its price of ฿1.42 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿1.76, the stock is trading at a trailing P/E ratio of 43.5x, up from the previous P/E ratio of 37.5x. This compares to an average P/E of 24x in the Auto Components industry in Thailand. Total return to shareholders over the past three years is a loss of 49%.Is New 90 Day High Low • Jan 20New 90-day high: ฿1.63The company is up 9.0% from its price of ฿1.50 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.057The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿225.7m (up 6.2% from 3Q 2019). Net income: ฿17.9m (up ฿20.7m from 3Q 2019). Profit margin: 7.9% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 07New 90-day high: ฿1.65The company is up 34% from its price of ฿1.23 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is down 1.0% over the same period.収支内訳N.D. Rubber の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:NDR 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 2696429168031 Dec 2593721164030 Sep 259176158030 Jun 259154155031 Mar 259088143031 Dec 249188143030 Sep 2489525140030 Jun 24883-8137031 Mar 24873-53141031 Dec 23836-65137030 Sep 23824-97133030 Jun 23838-78132031 Mar 23845-32130031 Dec 22841-24132030 Sep 228859128030 Jun 2285328122031 Mar 2284431119031 Dec 2184142115030 Sep 2181648118030 Jun 2185059126031 Mar 2180758125031 Dec 2077645126030 Sep 2077413139030 Jun 20761-8141031 Mar 20824-17151031 Dec 19851-20154030 Sep 19872-7147030 Jun 199318150031 Mar 1996110153031 Dec 1897329160030 Sep 1892027139030 Jun 1886117111031 Mar 188111885031 Dec 178211756030 Sep 178423359030 Jun 178465062031 Mar 178596465031 Dec 168445667030 Sep 168405069030 Jun 168234369031 Mar 168183469031 Dec 157923469030 Sep 1577632720質の高い収益: NDRは 高品質の収益 を持っています。利益率の向上: NDRの現在の純利益率 (3%)は、昨年(0.9%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: NDRの収益は過去 5 年間で年間20.6%減少しました。成長の加速: NDRの過去 1 年間の収益成長率 ( 247.9% ) は、5 年間の平均 ( 年間-20.6%を上回っています。収益対業界: NDRの過去 1 年間の収益成長率 ( 247.9% ) はAuto Components業界-4.7%を上回りました。株主資本利益率高いROE: NDRの 自己資本利益率 ( 2.9% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YAutomobiles 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/02 21:59終値2026/07/02 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋N.D. Rubber Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Hathaichanoke MoonwongPhillip Securities (Thailand) PCL
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.046 (vs ฿0.022 in FY 2024)Full year 2025 results: EPS: ฿0.046 (up from ฿0.022 in FY 2024). Revenue: ฿937.0m (up 2.1% from FY 2024). Net income: ฿21.0m (up 157% from FY 2024). Profit margin: 2.2% (up from 0.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.014 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.001 (down from ฿0.014 in 2Q 2024). Revenue: ฿221.8m (up 3.6% from 2Q 2024). Net income: ฿629.2k (down 87% from 2Q 2024). Profit margin: 0.3% (down from 2.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.013 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01. Revenue: ฿231.2m (down 4.3% from 1Q 2024). Net income: ฿4.40m (up 1.1% from 1Q 2024). Profit margin: 1.9% (up from 1.8% in 1Q 2024).
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.022 (vs ฿0.19 loss in FY 2023)Full year 2024 results: EPS: ฿0.022 (up from ฿0.19 loss in FY 2023). Revenue: ฿918.1m (up 9.8% from FY 2023). Net income: ฿8.19m (up ฿73.2m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.009 (vs ฿0.087 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.009 (up from ฿0.087 loss in 3Q 2023). Revenue: ฿221.5m (up 5.6% from 3Q 2023). Net income: ฿3.32m (up ฿33.5m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.014 (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.014 (up from ฿0.12 loss in 2Q 2023). Revenue: ฿214.0m (up 5.1% from 2Q 2023). Net income: ฿4.71m (up ฿44.7m from 2Q 2023). Profit margin: 2.2% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
New Risk • May 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿763.0m market cap, or US$23.4m).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 30%After last week's 30% share price gain to ฿1.67, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 9x in the Auto Components industry in Thailand. Total loss to shareholders of 12% over the past three years.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.17, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 9x in the Auto Components industry in Thailand. Total loss to shareholders of 41% over the past three years.
New Risk • Mar 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 58% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿662.5m market cap, or US$20.8m).
Buy Or Sell Opportunity • Mar 05Now 20% undervaluedOver the last 90 days, the stock has risen 13% to ฿1.43. The fair value is estimated to be ฿1.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.046 (vs ฿0.022 in FY 2024)Full year 2025 results: EPS: ฿0.046 (up from ฿0.022 in FY 2024). Revenue: ฿937.0m (up 2.1% from FY 2024). Net income: ฿21.0m (up 157% from FY 2024). Profit margin: 2.2% (up from 0.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Feb 27+ 1 more updateN.D. Rubber Public Company Limited announces Annual dividend, payable on April 30, 2026N.D. Rubber Public Company Limited announced Annual dividend of THB 0.0350 per share payable on April 30, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.
New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿530.0m market cap, or US$16.3m).
New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿805.5m market cap, or US$24.8m).
New Risk • Sep 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿818.6m market cap, or US$25.8m).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.014 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.001 (down from ฿0.014 in 2Q 2024). Revenue: ฿221.8m (up 3.6% from 2Q 2024). Net income: ฿629.2k (down 87% from 2Q 2024). Profit margin: 0.3% (down from 2.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.013 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01. Revenue: ฿231.2m (down 4.3% from 1Q 2024). Net income: ฿4.40m (up 1.1% from 1Q 2024). Profit margin: 1.9% (up from 1.8% in 1Q 2024).
New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿575.7m market cap, or US$17.5m).
お知らせ • Apr 29N.D. Rubber Public Company Limited Approves Omission of Dividend for the Year 2024N.D. Rubber Public Company Limited at its AGM held on 28 April, 2025 approved the omission of dividend payment for the year 2024.
お知らせ • Mar 26N.D. Rubber Public Company Limited announced that it has received THB 356.4 million in funding from EG Industries BerhadN.D. RUBBER PUBLIC COMPANY LIMITED announced a private placement to issue 198,000,000 shares at an issue price of THB 1.98 per share for gross proceeds of THB 356,400,000 on March 25, 2025. The transaction included participation from new investor EG Industries Berhad. The transaction has been approved by shareholders of company.
お知らせ • Mar 03N.D. Rubber Public Company Limited, Annual General Meeting, Apr 28, 2025N.D. Rubber Public Company Limited, Annual General Meeting, Apr 28, 2025, at 09:30 SE Asia Standard Time. Location: room panorama 1, floor 14, the emerald hotel bangkok, Thailand
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.022 (vs ฿0.19 loss in FY 2023)Full year 2024 results: EPS: ฿0.022 (up from ฿0.19 loss in FY 2023). Revenue: ฿918.1m (up 9.8% from FY 2023). Net income: ฿8.19m (up ฿73.2m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (฿772.1m market cap, or US$22.3m).
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.72, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 11x in the Auto Components industry in Thailand. Total loss to shareholders of 38% over the past three years.
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.26, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 11x in the Auto Components industry in Thailand. Total loss to shareholders of 12% over the past three years.
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.009 (vs ฿0.087 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.009 (up from ฿0.087 loss in 3Q 2023). Revenue: ฿221.5m (up 5.6% from 3Q 2023). Net income: ฿3.32m (up ฿33.5m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
New Risk • Oct 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (฿1.06b market cap, or US$32.5m).
お知らせ • Aug 23N.D. Rubber Public Company Limited Appoints Loo Jieh Sheng as DirectorN.D. Rubber Public Company Limited at its EGM held on August 23, 2024 approved appointment of Mr. Loo Jieh Sheng as a new director. This is an additional director appointment, and following the appointment of Mr. Loo Jieh Sheng, the Board of Directors will consist of 9 directors.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.014 (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.014 (up from ฿0.12 loss in 2Q 2023). Revenue: ฿214.0m (up 5.1% from 2Q 2023). Net income: ฿4.71m (up ฿44.7m from 2Q 2023). Profit margin: 2.2% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 19Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 12 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.4%). Lower than average of industry peers (6.2%).
お知らせ • Jun 14N.D. Rubber Public Company Limited announced that it expects to receive THB 198 million in funding from EG Industries BerhadN.D. Rubber Public Company Limited announced a private placement of 110,000,000 shares at issue price THB 1.80 per share for gross proceeds THB 198,000,000 on June 12, 2024. The transaction includes participation from EG Industries Berhad. The transaction was approved by board of directors.
お知らせ • Jun 13N.D. Rubber Public Company Limited Announces Interim Cash Dividend Payment, Payable on July 12,2024N.D. Rubber Public Company Limited announced interim cash dividend of THB 0.05 per share. Par value: THB 1.00. Paid from: Retained Earnings. Date of Board resolution: June 12, 2024. Record date for the right to receive dividends: June 27, 2024. Ex-dividend date: June 26, 2024. Payment date; July 12, 2024.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.022 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.013 (up from ฿0.022 loss in 1Q 2023). Revenue: ฿241.7m (up 18% from 1Q 2023). Net income: ฿4.35m (up ฿11.9m from 1Q 2023). Profit margin: 1.8% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 29N.D. Rubber Public Company Limited Omits Dividend Payment for the Year 2023N.D. Rubber Public Company Limited at its Annual General Meeting of Shareholders 2024 held on March 29, 2024, resolved to approve the omission dividend payment of the year 2023.
Reported Earnings • Mar 01Full year 2023 earnings released: ฿0.19 loss per share (vs ฿0.07 loss in FY 2022)Full year 2023 results: ฿0.19 loss per share (further deteriorated from ฿0.07 loss in FY 2022). Revenue: ฿836.3m (flat on FY 2022). Net loss: ฿65.0m (loss widened 167% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 29N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2024N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2024, at 09:30 SE Asia Standard Time. Agenda: To certify the minutes of the Annual General Meeting of Shareholders for the year 2023; to acknowledge the director's report on the results of the Company's business operation for the year 2023 and business plan for the year 2024; to consider the approval of the annual audited financial statement for the year ended 31 December 2023; to consider the approval of the omission of apportionment as statutory reserve fund for the year 2023; to consider and approval of the omission of dividend payment for the year 2023; to consider the approval of the re-election of Directors to replace those retirements by rotation; to consider the approval of Directors' remuneration for the year 2024; to consider the approval of the Company's auditor and determine the auditor's remuneration for the year 2024; to consider and approve the amendment the Articles of Association of the Company; and to consider other matters.
New Risk • Nov 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿416.3m market cap, or US$11.6m).
お知らせ • Sep 14N.D. Rubber Public Company Limited Announces CFO ChangesN.D. Rubber Public Company Limited announced that Miss Krittayawan Kungmarerng appointed as Chief Financial Officer, Effective Date 01 June 2023 in place of Miss Malinee Charoenchaisin as Chief Financial Officer, Effective Date of Termination 28 May 2023.
Reported Earnings • Aug 12Second quarter 2023 earnings released: ฿0.12 loss per share (vs ฿0.019 profit in 2Q 2022)Second quarter 2023 results: ฿0.12 loss per share (down from ฿0.019 profit in 2Q 2022). Revenue: ฿203.6m (down 3.3% from 2Q 2022). Net loss: ฿40.0m (down ฿46.6m from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 02N.D. Rubber Public Company Limited Announces Changing of CFON.D. Rubber Public Company Limited announced termination of Miss Malinee Charoenchaisin as General Manager of Finance & Accounting Department. Effective Date of Termination: 28-May-2023. Announced appointment of Miss Krittayawan Kungmarerng as General Manager of Finance & Accounting Department. Effective Date of Appointment: 01-Jun-2023.
Upcoming Dividend • Mar 01Upcoming dividend of ฿0.02 per share at 1.4% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 28 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (6.0%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirada Jarutakanont was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿0.001 loss per share (down from ฿0.034 profit in 1Q 2021). Revenue: ฿201.0m (up 1.1% from 1Q 2021). Net loss: ฿257.0k (down 102% from profit in 1Q 2021). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirada Jarutakanont was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 30N.D. Rubber Public Company Limited Approves Dividend for the Year 2021, Payable on 29 April 2022The Annual General Meeting of Shareholders 2022 of N.D. Rubber Public Company Limited held on 29 March 2022, approved the dividend payment from operating performance for the year 2021 at the rate of THB 0.03 per share for existing shares at 346,891,514 shares, totaling 10,406,745.42 which about 41.47% from the Company's net profit after tax and reserve by law. The dividend will be paid on 29 April 2022 to shareholders listed in record date on 9 March 2022.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.30, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 15x in the Auto Components industry in Thailand. Total returns to shareholders of 72% over the past three years.
Upcoming Dividend • Mar 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (6.2%).
お知らせ • Feb 25N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2022N.D. Rubber Public Company Limited, Annual General Meeting, Mar 29, 2022, at 02:30 Coordinated Universal Time. Location: Meeting Room Petchchompoo, Floor 3 The Emerald Hotel Bangkok Bangkok Thailand Agenda: To consider and to acknowledge the director's report on the results of the company's business operation for the year 2021 and business plan for the year 2022; to acknowledge notification of moving of NDR securities from the Market for Alternative Investment to trade in the Stock Exchange of Thailand; to consider the approval of the annual audited financial statement for the year ended 31 December 2021; to consider the approval the allocation of legal reserve from net profit of the year 2021 and dividend payment from operating performance of the year 2021; and to consider other matters.
お知らせ • Feb 24N.D. Rubber Public Company Limited Proposes Dividend for the Year 2021N.D. Rubber Public Company Limited at its board meeting held on February 22, 2022 proposed to consider and approve dividend payment from the retained earnings of the year 2021 operating performance at the rate of THB 0.030 per share for the existing shares at 346,891,514 shares, totaling THB 10,406,745.42. All dividends under non-BOI Privilege are subjected to be deducted the withholding tax as prescribed by law. The record date for meeting eligibility and dividend entitlement is March 9, 2022 and the dividend payment date is April 29, 2022. However, the granting of such rights is uncertain due to the approval of the shareholders meeting.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿3.14, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 16x in the Auto Components industry in Thailand. Total returns to shareholders of 57% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.028 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿201.0m (up 28% from 2Q 2020). Net income: ฿9.65m (up 8.4% from 2Q 2020). Profit margin: 4.8% (down from 5.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿2.80, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Auto Components industry in Thailand. Total returns to shareholders of 32% over the past three years.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.52, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 20x in the Auto Components industry in Thailand. Total returns to shareholders of 64% over the past three years.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.034 (vs ฿0.007 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿198.7m (up 18% from 1Q 2020). Net income: ฿10.8m (up ฿13.1m from 1Q 2020). Profit margin: 5.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 34% share price gain to ฿2.60, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 23x in the Auto Components industry in Thailand. Total loss to shareholders of 9.6% over the past three years.
お知らせ • Mar 11N.D. Rubber Public Company Limited, Annual General Meeting, Mar 31, 2021N.D. Rubber Public Company Limited, Annual General Meeting, Mar 31, 2021, at 09:30 SE Asia Standard Time. Location: at the emerald hotel, panaroma1, 14th floor no. 99/1 ratchadapisek road huai khwang, din daeng Bangkok Thailand
お知らせ • Mar 09N.D. Rubber Public Company Limited Announces Executive ChangesN.D. Rubber Public Company Limited announced that the termination of Samrittivanicha Chaiyasit as Acting Chief Financial Officer. Effective Date of Termination is March 7, 2021. The company also announced the appointment of Charoenchaisin Malinee as General Manager of Finance & Accounting Department. Effective Date of Appointment is March 8, 2021.
Upcoming Dividend • Mar 04Upcoming Dividend of ฿0.05 Per ShareWill be paid on the 30th of April to those who are registered shareholders by the 11th of March. The trailing yield of 2.6% is below the top quartile of Thai dividend payers (5.8%), and is lower than industry peers (4.7%).
Is New 90 Day High Low • Feb 25New 90-day high: ฿2.06The company is up 33% from its price of ฿1.55 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 40% over the same period.
Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿0.14 (vs ฿0.062 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿775.8m (down 8.8% from FY 2019). Net income: ฿45.3m (up ฿64.8m from FY 2019). Profit margin: 5.8% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 04New 90-day high: ฿1.76The company is up 24% from its price of ฿1.42 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿1.76, the stock is trading at a trailing P/E ratio of 43.5x, up from the previous P/E ratio of 37.5x. This compares to an average P/E of 24x in the Auto Components industry in Thailand. Total return to shareholders over the past three years is a loss of 49%.
Is New 90 Day High Low • Jan 20New 90-day high: ฿1.63The company is up 9.0% from its price of ฿1.50 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.057The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿225.7m (up 6.2% from 3Q 2019). Net income: ฿17.9m (up ฿20.7m from 3Q 2019). Profit margin: 7.9% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 07New 90-day high: ฿1.65The company is up 34% from its price of ฿1.23 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is down 1.0% over the same period.