View ValuationThai Steel Cable 将来の成長Future 基準チェック /06現在、 Thai Steel Cableの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Auto Components 収益成長27.0%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 09Second quarter 2026 earnings released: EPS: ฿0.40 (vs ฿0.37 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.40 (up from ฿0.37 in 2Q 2025). Revenue: ฿640.3m (flat on 2Q 2025). Net income: ฿102.7m (up 6.0% from 2Q 2025). Profit margin: 16% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.Declared Dividend • May 07Dividend of ฿0.40 announcedDividend of ฿0.40 is the same as last year. Ex-date: 19th May 2026 Payment date: 4th June 2026 Dividend yield will be 7.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (89.6% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.Reported Earnings • Feb 06First quarter 2026 earnings released: EPS: ฿0.30 (vs ฿0.29 in 1Q 2025)First quarter 2026 results: EPS: ฿0.30 (up from ฿0.29 in 1Q 2025). Revenue: ฿618.8m (up 5.0% from 1Q 2025). Net income: ฿78.6m (up 5.7% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jan 30Now 22% undervaluedOver the last 90 days, the stock has risen 5.0% to ฿14.60. The fair value is estimated to be ฿18.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has grown by 10%.Upcoming Dividend • Jan 23Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 30 January 2026. Payment date: 18 February 2026. Payout ratio and cash payout ratio are on the higher end at 90% and 90% respectively. Trailing yield: 7.6%. Lower than top quartile of Thai dividend payers (7.8%). In line with average of industry peers (7.5%).お知らせ • Jan 20Thai Steel Cable Public Company Limited Approves Dividend Payment, Payable Within February 18, 2026Thai Steel Cable Public Company Limited at its Annual General Meeting of Shareholders of 2026 held on January 20, 2026, approved dividend payment at THB 1.20 per share which equals to THB 11,760,000 or 90% of net profit of 2025. However, the Company had paid the interim dividend at THB 0.40 per share in 2025, therefore, the existing sum is THB 0.80 per share which equals to THB 207,840,000. The remaining of THB 0.80 which will be paid from the BOI promotion THB 205,932,000 at THB 0.79 per share and THB 1,908,000 at THB 0.01 per share from business with 20% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only. TSC shall prepare record of shareholders that eligible to receive dividend payment on February 2, 2026. The dividend will be paid within February 18, 2026.Reported Earnings • Nov 20Full year 2025 earnings released: EPS: ฿1.33 (vs ฿1.14 in FY 2024)Full year 2025 results: EPS: ฿1.33 (up from ฿1.14 in FY 2024). Revenue: ฿2.52b (down 6.2% from FY 2024). Net income: ฿346.4m (up 17% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Declared Dividend • Nov 20Final dividend of ฿0.80 announcedDividend of ฿0.80 is the same as last year. Ex-date: 30th January 2026 Payment date: 18th February 2026 Dividend yield will be 8.3%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (89.9% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is less than the 33% EPS growth achieved over the last 5 years.お知らせ • Nov 19+ 1 more updateThai Steel Cable Public Company Limited Proposes Cash Dividend for the Operating Period from 01-October 2024 to 30 September 2025, Payable on February 18, 2026The Annual General Meeting of Thai Steel Cable Public Company Limited approved the legal reserve which has already reached 10% of authorized share capital and to arrange the dividend payment of 2025 in amount of THB 1.20 per share which equals to THB 311,760,000 or 90% of net profit of 2025. However, the Company had paid the interim dividend at THB 0.40 per share in 2025, therefore, the existing sum is THB 0.80 per share which equals to THB 207,840,000. The dividend will be paid within February 18, 2026. The remaining of THB 0.80 per share which will be paid from the BOI promotion THB 205,932,000 at THB 0.79 per share and THB 1,908,000 at THB 0.01 per share from business with 20% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only. Record date for the right to receive dividends is 02 February 2026. Ex-dividend date is 30 January 2026. Paid from Operating period from 01-October 2024 to 30 September 2025 and Retained Earnings.Reported Earnings • Aug 06Third quarter 2025 earnings released: EPS: ฿0.36 (vs ฿0.32 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.36 (up from ฿0.32 in 3Q 2024). Revenue: ฿671.0m (up 7.3% from 3Q 2024). Net income: ฿94.1m (up 12% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • Jun 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.33b (US$100.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 91% Minor Risk Market cap is less than US$100m (฿3.33b market cap, or US$100.7m).Buy Or Sell Opportunity • Jun 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to ฿12.70. The fair value is estimated to be ฿15.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%.Buy Or Sell Opportunity • May 19Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at ฿12.70. The fair value is estimated to be ฿16.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%.Declared Dividend • May 08First half dividend of ฿0.40 announcedDividend of ฿0.40 is the same as last year. Ex-date: 19th May 2025 Payment date: 5th June 2025 Dividend yield will be 8.9%, which is higher than the industry average of 8.0%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control, which is more than the 11% EPS growth achieved over the last 5 years.New Risk • May 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 91% Dividend yield: 9.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 07Second quarter 2025 earnings released: EPS: ฿0.37 (vs ฿0.34 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.37 (up from ฿0.34 in 2Q 2024). Revenue: ฿643.6m (down 9.8% from 2Q 2024). Net income: ฿96.9m (up 9.2% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 05First quarter 2025 earnings released: EPS: ฿0.29 (vs ฿0.32 in 1Q 2024)First quarter 2025 results: EPS: ฿0.29 (down from ฿0.32 in 1Q 2024). Revenue: ฿589.4m (down 16% from 1Q 2024). Net income: ฿74.3m (down 11% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Feb 04Thai Steel Cable Public Company Limited Announces Board and Committee ChangesThai Steel Cable Public Company Limited announced that Mr. Chatchai Earsakul an Independent Director, Member of the Audit Committee, member of the Nomination and Remuneration Committee and member of the Corporate Governance Committee, has submitted a resignation letter due to his tenure as an Independent Director exceeding 10 consecutive years, effective from February 3, 2025 onwards. The Board of Directors has acknowledged the resignation and shall consider appointing a suitable person to replace the vacant independent director and member of the Audit Committee positions in compliance with the Securities and Exchange Commission (SEC) regulations and shall notify the Stock Exchange of Thailand accordingly. The company appointed Ms. Veena Lertnimitr of the Member of Audit Committee with effect from February 4, 2025 onwards. The audit committee is comprised of the Chairman, Mr. Prinya Waiwatana, who has a remaining term in office of 2 year(s), and three members: Mr. Apinan Na Ranong and Mr. Veerawat Korphaibool, both with a remaining term in office of 3 year(s), and Ms. Veena Lertnimitr, who has a remaining term in office of 2 year(s). The Secretary of the audit committee is Ms. Kanokdao Apichartrojanakul.New Risk • Feb 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.38b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (106% payout ratio). Market cap is less than US$100m (฿3.38b market cap, or US$99.8m).Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿13.00, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Auto Components industry in Thailand. Total returns to shareholders of 12% over the past three years.お知らせ • Jan 24+ 1 more updateThai Steel Cable Public Company Limited Approves Dividend for the Year 2024, Payable Within February 21, 2025Thai Steel Cable Public Company Limited at its Annual General Meeting of Shareholders held on January 24, 2025, approved the allocation of legal reserve and dividend payment of 2024 as followed: Legal reserve of TSC had reached 10% of its registered capital, therefore the additional is not needed. Arrange for the dividend payment at THB 1.20 per share which equals to THB 311,760,000 or 106% of net profit of 2024. However, the Company had paid the interim dividend at THB 0.40 per share in 2024, therefore, the existing sum is THB 0.80 per share which equals to THB 207,840,000. The remaining of THB 0.80 which will be paid from the BOI promotion THB 168,870,000 at THB 0.65 per share and THB 38,970,000 at THB 0.15 per share from business with 25% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only. TSC shall prepare record of shareholders that eligible to receive dividend payment on February 3, 2025. The dividend will be paid within February 21, 2025.Upcoming Dividend • Jan 24Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 31 January 2025. Payment date: 21 February 2025. The company is paying out more than 100% of its profits and is paying out 75% of its cash flow. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (7.3%). Higher than average of industry peers (6.8%).Reported Earnings • Nov 27Full year 2024 earnings released: EPS: ฿1.14 (vs ฿1.07 in FY 2023)Full year 2024 results: EPS: ฿1.14 (up from ฿1.07 in FY 2023). Revenue: ฿2.68b (down 7.7% from FY 2023). Net income: ฿295.2m (up 6.0% from FY 2023). Profit margin: 11% (up from 9.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Declared Dividend • Nov 23Dividend of ฿0.80 announcedDividend of ฿0.80 is the same as last year. Ex-date: 31st January 2025 Payment date: 21st February 2025 Dividend yield will be 8.2%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.7% to bring the payout ratio under control, which is more than the 5.6% EPS growth achieved over the last 5 years.お知らせ • Nov 22Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2025Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2025, at 10:00 SE Asia Standard Time.お知らせ • Sep 25Thai Steel Cable Public Company Limited Announces Chief Accountant ChangesThai Steel Cable Public Company Limited announced termination of Miss Pimlaphat Chansaming. Position of Chief Accountant: Accounting Controller. effective September 22, 2024. Company announced appointment of Miss Chanakan Luangprasert. Position of Chief Accountant:Accounting Controller. Effective Date of Appointment September 24, 2024.Reported Earnings • Aug 07Third quarter 2024 earnings released: EPS: ฿0.32 (vs ฿0.27 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.32 (up from ฿0.27 in 3Q 2023). Revenue: ฿625.5m (down 4.8% from 3Q 2023). Net income: ฿83.9m (up 22% from 3Q 2023). Profit margin: 13% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • Jul 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (103% payout ratio). Market cap is less than US$100m (฿3.61b market cap, or US$99.7m).New Risk • Jun 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.69b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (103% payout ratio). Market cap is less than US$100m (฿3.69b market cap, or US$100.0m).Upcoming Dividend • May 13Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 69% and the cash payout ratio is 77%. Trailing yield: 8.1%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (6.8%).Reported Earnings • May 08Second quarter 2024 earnings released: EPS: ฿0.34 (vs ฿0.32 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.34 (up from ฿0.32 in 2Q 2023). Revenue: ฿713.2m (down 8.8% from 2Q 2023). Net income: ฿88.7m (up 8.0% from 2Q 2023). Profit margin: 12% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • May 08Thai Steel Cable Public Company Limited Announces Cash Dividend Payment for the Operating Period from October 1, 2023 to March 31, 2024, Payable on June 6, 2024Thai Steel Cable Public Company Limited announced Cash dividend payment of THB 0.40 per share for the Operating period from October 1, 2023 to March 31, 2024. Date of Board resolution is May 7, 2024. Record date for the right to receive dividends is May 21, 2024. Ex-dividend date is May 20, 2024. Payment date is June 6, 2024.Reported Earnings • Feb 07First quarter 2024 earnings released: EPS: ฿0.32 (vs ฿0.25 in 1Q 2023)First quarter 2024 results: EPS: ฿0.32 (up from ฿0.25 in 1Q 2023). Revenue: ฿701.1m (down 3.6% from 1Q 2023). Net income: ฿83.8m (up 29% from 1Q 2023). Profit margin: 12% (up from 9.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jan 25Upcoming dividend of ฿0.80 per share at 7.4% yieldEligible shareholders must have bought the stock before 01 February 2024. Payment date: 22 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.4%. Within top quartile of Thai dividend payers (6.7%). In line with average of industry peers (8.1%).お知らせ • Nov 22+ 1 more updateThai Steel Cable Public Company Limited, Annual General Meeting, Jan 23, 2024Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 23, 2024, at 10:00 SE Asia Standard Time. Agenda: To approve the minute of 2023 Annual General Meeting; To acknowledge performance of 2023; To approve Financial Statement for year ended September 30, 2023; To approve the legal reserve and dividend payment for year 2023; to approve the replacement of Directors to vacate; to approve the remuneration of Directors and Sub-committee for year 2024; and to discuss other matter.Reported Earnings • Nov 22Full year 2023 earnings released: EPS: ฿1.07 (vs ฿0.80 in FY 2022)Full year 2023 results: EPS: ฿1.07 (up from ฿0.80 in FY 2022). Revenue: ฿2.91b (up 7.6% from FY 2022). Net income: ฿278.6m (up 34% from FY 2022). Profit margin: 9.6% (up from 7.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 09Third quarter 2023 earnings released: EPS: ฿0.27 (vs ฿0.23 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.27 (up from ฿0.23 in 3Q 2022). Revenue: ฿656.7m (up 4.2% from 3Q 2022). Net income: ฿69.0m (up 17% from 3Q 2022). Profit margin: 11% (up from 9.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Auto Components industry in Thailand are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • May 05Thai Steel Cable Public Company Limited Appoints Pimlaphat Chansaming as Accounting ControllerThai Steel Cable Public Company Limited appointed Miss Pimlaphat Chansaming as Accounting Controller. Effective Date of Appointment is 02 May 2023.Reported Earnings • Feb 10First quarter 2023 earnings released: EPS: ฿0.25 (vs ฿0.14 in 1Q 2022)First quarter 2023 results: EPS: ฿0.25 (up from ฿0.14 in 1Q 2022). Revenue: ฿727.1m (up 15% from 1Q 2022). Net income: ฿65.1m (up 84% from 1Q 2022). Profit margin: 9.0% (up from 5.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Auto Components industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jan 26Upcoming dividend of ฿0.60 per share at 6.7% yieldEligible shareholders must have bought the stock before 02 February 2023. Payment date: 24 February 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.7%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (5.9%).お知らせ • Nov 23Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2023Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2023, at 10:00 SE Asia Standard Time. Location: TSC Head office, 700/737 Moo.1 Tambol Panthong, Amphur Panthong, Chonburi Thailand Agenda: To consider and approve the minute of 2022 Annual General Meeting; To acknowledge performance of 2022; To approve Financial Statement for year ended September 30, 2022; To approve the legal reserve and dividend payment for year 2022; To approve the replacement of Directors to vacate; To approve the remuneration of Directors and Sub-committee for year 2023; To approve auditor appointment and audit fee of 2023; and Others (if any).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Veerawat Korphaibool was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 07Third quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.23 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.23 (down from ฿0.23 in 3Q 2021). Revenue: ฿630.5m (up 3.7% from 3Q 2021). Net income: ฿59.2m (flat on 3Q 2021). Profit margin: 9.4% (in line with 3Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 3.3% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year.Buying Opportunity • Jul 02Now 24% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿18.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 7.4%.Buying Opportunity • May 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.6%. The fair value is estimated to be ฿17.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 7.4%.Upcoming Dividend • May 17Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 09 June 2022. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (9.1%).Reported Earnings • May 13Second quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.31 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.17 (down from ฿0.31 in 2Q 2021). Revenue: ฿652.3m (down 8.3% from 2Q 2021). Net income: ฿45.2m (down 44% from 2Q 2021). Profit margin: 6.9% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Veerawat Korphaibool was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 09First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: ฿0.14 (down from ฿0.19 in 1Q 2021). Revenue: ฿633.9m (down 7.1% from 1Q 2021). Net income: ฿35.4m (down 27% from 1Q 2021). Profit margin: 5.6% (down from 7.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Upcoming Dividend • Jan 27Upcoming dividend of ฿0.60 per shareEligible shareholders must have bought the stock before 03 February 2022. Payment date: 25 February 2022. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (8.8%).Reported Earnings • Nov 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.91 (up from ฿0.32 in FY 2020). Revenue: ฿2.61b (up 28% from FY 2020). Net income: ฿237.1m (up 188% from FY 2020). Profit margin: 9.1% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 13Third quarter 2021 earnings released: EPS ฿0.23 (vs ฿0.041 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿608.2m (up 140% from 3Q 2020). Net income: ฿59.7m (up ฿70.4m from 3Q 2020). Profit margin: 9.8% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 17Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 09 June 2021. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (4.9%). In line with average of industry peers (6.4%).Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿12.00, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 25x in the Auto Components industry in Thailand. Total returns to shareholders of 12% over the past three years.Is New 90 Day High Low • Feb 25New 90-day low: ฿9.60The company is down 4.0% from its price of ฿10.00 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 40% over the same period.Reported Earnings • Feb 11First quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.14 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿682.9m (up 8.9% from 1Q 2020). Net income: ฿48.7m (up 38% from 1Q 2020). Profit margin: 7.1% (up from 5.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿10.10, the stock is trading at a trailing P/E ratio of 31.9x, down from the previous P/E ratio of 38.5x. This compares to an average P/E of 23x in the Auto Components industry in Thailand. Total returns to shareholders over the past three years are 3.3%.Is New 90 Day High Low • Jan 13New 90-day high: ฿12.10The company is up 36% from its price of ฿8.90 on 12 October 2020. The Thai market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 7.0% over the same period.Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 16% share price gain to ฿11.50, the stock is trading at a trailing P/E ratio of 36.3x, up from the previous P/E ratio of 31.2x. This compares to an average P/E of 22x in the Auto Components industry in Thailand. Total returns to shareholders over the past three years are 10%.Is New 90 Day High Low • Nov 26New 90-day high: ฿10.00The company is up 8.0% from its price of ฿9.30 on 28 August 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 11% over the same period.Reported Earnings • Nov 25Full year 2020 earnings released: EPS ฿0.32The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.05b (down 33% from FY 2019). Net income: ฿82.4m (down 63% from FY 2019). Profit margin: 4.0% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 04New 90-day low: ฿8.75The company is down 12% from its price of ฿10.00 on 06 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 14% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: ฿9.10The company is down 9.0% from its price of ฿9.95 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 1.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Thai Steel Cable は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:TSC - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20262,544356371410N/A12/31/20252,547351373417N/A9/30/20252,517346347407N/A6/30/20252,547304339404N/A3/31/20252,502294344413N/A12/31/20242,571286347426N/A9/30/20242,683295416484N/A6/30/20242,780319418478N/A3/31/20242,811304411477N/A12/31/20232,880297365427N/A9/30/20232,907279349420N/A6/30/20232,923285258352N/A3/31/20232,888275191277N/A12/31/20222,743238224312N/A9/30/20222,645209195265N/A6/30/20222,489187224274N/A3/31/20222,476188285332N/A12/31/20212,550224228290N/A9/30/20212,603237281349N/A6/30/20212,515195295383N/A3/31/20212,159125150248N/A12/31/20202,10296216293N/A9/30/20202,0468290166N/A6/30/20202,266122127197N/A3/31/20202,763177249332N/A12/31/20192,919192N/A362N/A9/30/20193,071220N/A393N/A6/30/20193,166243N/A414N/A3/31/20193,180265N/A378N/A12/31/20183,185273N/A331N/A9/30/20183,140251N/A393N/A6/30/20183,088236N/A351N/A3/31/20183,053222N/A377N/A12/31/20172,995193N/A328N/A9/30/20172,939176N/A307N/A6/30/20172,884161N/A265N/A3/31/20172,862140N/A278N/A12/31/20162,809138N/A292N/A9/30/20162,757137N/A261N/A6/30/20162,759145N/A291N/A3/31/20162,742154N/A310N/A12/31/20152,782141N/A360N/A9/30/20152,866144N/A382N/A6/30/20152,826124N/A374N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TSCの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: TSCの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: TSCの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: TSCの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: TSCの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TSCの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YAutomobiles 業界の高成長企業。View Past Performance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2026/06/29 08:03終値2026/06/29 00:00収益2026/03/31年間収益2025/09/30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Thai Steel Cable 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。4 アナリスト機関Suwat BumrungchatudomBualuang Securities PCLNuttawut WongyaowalakGloblex Securities Co. Ltd.Nat PanassutrakornKGI Securities Co. Ltd.1 その他のアナリストを表示
Reported Earnings • May 09Second quarter 2026 earnings released: EPS: ฿0.40 (vs ฿0.37 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.40 (up from ฿0.37 in 2Q 2025). Revenue: ฿640.3m (flat on 2Q 2025). Net income: ฿102.7m (up 6.0% from 2Q 2025). Profit margin: 16% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.
Declared Dividend • May 07Dividend of ฿0.40 announcedDividend of ฿0.40 is the same as last year. Ex-date: 19th May 2026 Payment date: 4th June 2026 Dividend yield will be 7.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (89.6% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
Reported Earnings • Feb 06First quarter 2026 earnings released: EPS: ฿0.30 (vs ฿0.29 in 1Q 2025)First quarter 2026 results: EPS: ฿0.30 (up from ฿0.29 in 1Q 2025). Revenue: ฿618.8m (up 5.0% from 1Q 2025). Net income: ฿78.6m (up 5.7% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jan 30Now 22% undervaluedOver the last 90 days, the stock has risen 5.0% to ฿14.60. The fair value is estimated to be ฿18.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has grown by 10%.
Upcoming Dividend • Jan 23Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 30 January 2026. Payment date: 18 February 2026. Payout ratio and cash payout ratio are on the higher end at 90% and 90% respectively. Trailing yield: 7.6%. Lower than top quartile of Thai dividend payers (7.8%). In line with average of industry peers (7.5%).
お知らせ • Jan 20Thai Steel Cable Public Company Limited Approves Dividend Payment, Payable Within February 18, 2026Thai Steel Cable Public Company Limited at its Annual General Meeting of Shareholders of 2026 held on January 20, 2026, approved dividend payment at THB 1.20 per share which equals to THB 11,760,000 or 90% of net profit of 2025. However, the Company had paid the interim dividend at THB 0.40 per share in 2025, therefore, the existing sum is THB 0.80 per share which equals to THB 207,840,000. The remaining of THB 0.80 which will be paid from the BOI promotion THB 205,932,000 at THB 0.79 per share and THB 1,908,000 at THB 0.01 per share from business with 20% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only. TSC shall prepare record of shareholders that eligible to receive dividend payment on February 2, 2026. The dividend will be paid within February 18, 2026.
Reported Earnings • Nov 20Full year 2025 earnings released: EPS: ฿1.33 (vs ฿1.14 in FY 2024)Full year 2025 results: EPS: ฿1.33 (up from ฿1.14 in FY 2024). Revenue: ฿2.52b (down 6.2% from FY 2024). Net income: ฿346.4m (up 17% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Nov 20Final dividend of ฿0.80 announcedDividend of ฿0.80 is the same as last year. Ex-date: 30th January 2026 Payment date: 18th February 2026 Dividend yield will be 8.3%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (89.9% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is less than the 33% EPS growth achieved over the last 5 years.
お知らせ • Nov 19+ 1 more updateThai Steel Cable Public Company Limited Proposes Cash Dividend for the Operating Period from 01-October 2024 to 30 September 2025, Payable on February 18, 2026The Annual General Meeting of Thai Steel Cable Public Company Limited approved the legal reserve which has already reached 10% of authorized share capital and to arrange the dividend payment of 2025 in amount of THB 1.20 per share which equals to THB 311,760,000 or 90% of net profit of 2025. However, the Company had paid the interim dividend at THB 0.40 per share in 2025, therefore, the existing sum is THB 0.80 per share which equals to THB 207,840,000. The dividend will be paid within February 18, 2026. The remaining of THB 0.80 per share which will be paid from the BOI promotion THB 205,932,000 at THB 0.79 per share and THB 1,908,000 at THB 0.01 per share from business with 20% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only. Record date for the right to receive dividends is 02 February 2026. Ex-dividend date is 30 January 2026. Paid from Operating period from 01-October 2024 to 30 September 2025 and Retained Earnings.
Reported Earnings • Aug 06Third quarter 2025 earnings released: EPS: ฿0.36 (vs ฿0.32 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.36 (up from ฿0.32 in 3Q 2024). Revenue: ฿671.0m (up 7.3% from 3Q 2024). Net income: ฿94.1m (up 12% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • Jun 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.33b (US$100.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 91% Minor Risk Market cap is less than US$100m (฿3.33b market cap, or US$100.7m).
Buy Or Sell Opportunity • Jun 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to ฿12.70. The fair value is estimated to be ฿15.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%.
Buy Or Sell Opportunity • May 19Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at ฿12.70. The fair value is estimated to be ฿16.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%.
Declared Dividend • May 08First half dividend of ฿0.40 announcedDividend of ฿0.40 is the same as last year. Ex-date: 19th May 2025 Payment date: 5th June 2025 Dividend yield will be 8.9%, which is higher than the industry average of 8.0%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control, which is more than the 11% EPS growth achieved over the last 5 years.
New Risk • May 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 91% Dividend yield: 9.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 07Second quarter 2025 earnings released: EPS: ฿0.37 (vs ฿0.34 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.37 (up from ฿0.34 in 2Q 2024). Revenue: ฿643.6m (down 9.8% from 2Q 2024). Net income: ฿96.9m (up 9.2% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 05First quarter 2025 earnings released: EPS: ฿0.29 (vs ฿0.32 in 1Q 2024)First quarter 2025 results: EPS: ฿0.29 (down from ฿0.32 in 1Q 2024). Revenue: ฿589.4m (down 16% from 1Q 2024). Net income: ฿74.3m (down 11% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Feb 04Thai Steel Cable Public Company Limited Announces Board and Committee ChangesThai Steel Cable Public Company Limited announced that Mr. Chatchai Earsakul an Independent Director, Member of the Audit Committee, member of the Nomination and Remuneration Committee and member of the Corporate Governance Committee, has submitted a resignation letter due to his tenure as an Independent Director exceeding 10 consecutive years, effective from February 3, 2025 onwards. The Board of Directors has acknowledged the resignation and shall consider appointing a suitable person to replace the vacant independent director and member of the Audit Committee positions in compliance with the Securities and Exchange Commission (SEC) regulations and shall notify the Stock Exchange of Thailand accordingly. The company appointed Ms. Veena Lertnimitr of the Member of Audit Committee with effect from February 4, 2025 onwards. The audit committee is comprised of the Chairman, Mr. Prinya Waiwatana, who has a remaining term in office of 2 year(s), and three members: Mr. Apinan Na Ranong and Mr. Veerawat Korphaibool, both with a remaining term in office of 3 year(s), and Ms. Veena Lertnimitr, who has a remaining term in office of 2 year(s). The Secretary of the audit committee is Ms. Kanokdao Apichartrojanakul.
New Risk • Feb 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.38b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (106% payout ratio). Market cap is less than US$100m (฿3.38b market cap, or US$99.8m).
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿13.00, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Auto Components industry in Thailand. Total returns to shareholders of 12% over the past three years.
お知らせ • Jan 24+ 1 more updateThai Steel Cable Public Company Limited Approves Dividend for the Year 2024, Payable Within February 21, 2025Thai Steel Cable Public Company Limited at its Annual General Meeting of Shareholders held on January 24, 2025, approved the allocation of legal reserve and dividend payment of 2024 as followed: Legal reserve of TSC had reached 10% of its registered capital, therefore the additional is not needed. Arrange for the dividend payment at THB 1.20 per share which equals to THB 311,760,000 or 106% of net profit of 2024. However, the Company had paid the interim dividend at THB 0.40 per share in 2024, therefore, the existing sum is THB 0.80 per share which equals to THB 207,840,000. The remaining of THB 0.80 which will be paid from the BOI promotion THB 168,870,000 at THB 0.65 per share and THB 38,970,000 at THB 0.15 per share from business with 25% taxable profits. The dividend shall be subject to withholding tax especially the dividend paid from the taxable profit only. TSC shall prepare record of shareholders that eligible to receive dividend payment on February 3, 2025. The dividend will be paid within February 21, 2025.
Upcoming Dividend • Jan 24Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 31 January 2025. Payment date: 21 February 2025. The company is paying out more than 100% of its profits and is paying out 75% of its cash flow. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (7.3%). Higher than average of industry peers (6.8%).
Reported Earnings • Nov 27Full year 2024 earnings released: EPS: ฿1.14 (vs ฿1.07 in FY 2023)Full year 2024 results: EPS: ฿1.14 (up from ฿1.07 in FY 2023). Revenue: ฿2.68b (down 7.7% from FY 2023). Net income: ฿295.2m (up 6.0% from FY 2023). Profit margin: 11% (up from 9.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Nov 23Dividend of ฿0.80 announcedDividend of ฿0.80 is the same as last year. Ex-date: 31st January 2025 Payment date: 21st February 2025 Dividend yield will be 8.2%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.7% to bring the payout ratio under control, which is more than the 5.6% EPS growth achieved over the last 5 years.
お知らせ • Nov 22Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2025Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2025, at 10:00 SE Asia Standard Time.
お知らせ • Sep 25Thai Steel Cable Public Company Limited Announces Chief Accountant ChangesThai Steel Cable Public Company Limited announced termination of Miss Pimlaphat Chansaming. Position of Chief Accountant: Accounting Controller. effective September 22, 2024. Company announced appointment of Miss Chanakan Luangprasert. Position of Chief Accountant:Accounting Controller. Effective Date of Appointment September 24, 2024.
Reported Earnings • Aug 07Third quarter 2024 earnings released: EPS: ฿0.32 (vs ฿0.27 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.32 (up from ฿0.27 in 3Q 2023). Revenue: ฿625.5m (down 4.8% from 3Q 2023). Net income: ฿83.9m (up 22% from 3Q 2023). Profit margin: 13% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (103% payout ratio). Market cap is less than US$100m (฿3.61b market cap, or US$99.7m).
New Risk • Jun 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.69b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (103% payout ratio). Market cap is less than US$100m (฿3.69b market cap, or US$100.0m).
Upcoming Dividend • May 13Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 69% and the cash payout ratio is 77%. Trailing yield: 8.1%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (6.8%).
Reported Earnings • May 08Second quarter 2024 earnings released: EPS: ฿0.34 (vs ฿0.32 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.34 (up from ฿0.32 in 2Q 2023). Revenue: ฿713.2m (down 8.8% from 2Q 2023). Net income: ฿88.7m (up 8.0% from 2Q 2023). Profit margin: 12% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • May 08Thai Steel Cable Public Company Limited Announces Cash Dividend Payment for the Operating Period from October 1, 2023 to March 31, 2024, Payable on June 6, 2024Thai Steel Cable Public Company Limited announced Cash dividend payment of THB 0.40 per share for the Operating period from October 1, 2023 to March 31, 2024. Date of Board resolution is May 7, 2024. Record date for the right to receive dividends is May 21, 2024. Ex-dividend date is May 20, 2024. Payment date is June 6, 2024.
Reported Earnings • Feb 07First quarter 2024 earnings released: EPS: ฿0.32 (vs ฿0.25 in 1Q 2023)First quarter 2024 results: EPS: ฿0.32 (up from ฿0.25 in 1Q 2023). Revenue: ฿701.1m (down 3.6% from 1Q 2023). Net income: ฿83.8m (up 29% from 1Q 2023). Profit margin: 12% (up from 9.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jan 25Upcoming dividend of ฿0.80 per share at 7.4% yieldEligible shareholders must have bought the stock before 01 February 2024. Payment date: 22 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.4%. Within top quartile of Thai dividend payers (6.7%). In line with average of industry peers (8.1%).
お知らせ • Nov 22+ 1 more updateThai Steel Cable Public Company Limited, Annual General Meeting, Jan 23, 2024Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 23, 2024, at 10:00 SE Asia Standard Time. Agenda: To approve the minute of 2023 Annual General Meeting; To acknowledge performance of 2023; To approve Financial Statement for year ended September 30, 2023; To approve the legal reserve and dividend payment for year 2023; to approve the replacement of Directors to vacate; to approve the remuneration of Directors and Sub-committee for year 2024; and to discuss other matter.
Reported Earnings • Nov 22Full year 2023 earnings released: EPS: ฿1.07 (vs ฿0.80 in FY 2022)Full year 2023 results: EPS: ฿1.07 (up from ฿0.80 in FY 2022). Revenue: ฿2.91b (up 7.6% from FY 2022). Net income: ฿278.6m (up 34% from FY 2022). Profit margin: 9.6% (up from 7.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 09Third quarter 2023 earnings released: EPS: ฿0.27 (vs ฿0.23 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.27 (up from ฿0.23 in 3Q 2022). Revenue: ฿656.7m (up 4.2% from 3Q 2022). Net income: ฿69.0m (up 17% from 3Q 2022). Profit margin: 11% (up from 9.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Auto Components industry in Thailand are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • May 05Thai Steel Cable Public Company Limited Appoints Pimlaphat Chansaming as Accounting ControllerThai Steel Cable Public Company Limited appointed Miss Pimlaphat Chansaming as Accounting Controller. Effective Date of Appointment is 02 May 2023.
Reported Earnings • Feb 10First quarter 2023 earnings released: EPS: ฿0.25 (vs ฿0.14 in 1Q 2022)First quarter 2023 results: EPS: ฿0.25 (up from ฿0.14 in 1Q 2022). Revenue: ฿727.1m (up 15% from 1Q 2022). Net income: ฿65.1m (up 84% from 1Q 2022). Profit margin: 9.0% (up from 5.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Auto Components industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jan 26Upcoming dividend of ฿0.60 per share at 6.7% yieldEligible shareholders must have bought the stock before 02 February 2023. Payment date: 24 February 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.7%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (5.9%).
お知らせ • Nov 23Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2023Thai Steel Cable Public Company Limited, Annual General Meeting, Jan 24, 2023, at 10:00 SE Asia Standard Time. Location: TSC Head office, 700/737 Moo.1 Tambol Panthong, Amphur Panthong, Chonburi Thailand Agenda: To consider and approve the minute of 2022 Annual General Meeting; To acknowledge performance of 2022; To approve Financial Statement for year ended September 30, 2022; To approve the legal reserve and dividend payment for year 2022; To approve the replacement of Directors to vacate; To approve the remuneration of Directors and Sub-committee for year 2023; To approve auditor appointment and audit fee of 2023; and Others (if any).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Veerawat Korphaibool was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 07Third quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.23 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.23 (down from ฿0.23 in 3Q 2021). Revenue: ฿630.5m (up 3.7% from 3Q 2021). Net income: ฿59.2m (flat on 3Q 2021). Profit margin: 9.4% (in line with 3Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 3.3% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year.
Buying Opportunity • Jul 02Now 24% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿18.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 7.4%.
Buying Opportunity • May 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.6%. The fair value is estimated to be ฿17.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 7.4%.
Upcoming Dividend • May 17Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 09 June 2022. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (9.1%).
Reported Earnings • May 13Second quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.31 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.17 (down from ฿0.31 in 2Q 2021). Revenue: ฿652.3m (down 8.3% from 2Q 2021). Net income: ฿45.2m (down 44% from 2Q 2021). Profit margin: 6.9% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Veerawat Korphaibool was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 09First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: ฿0.14 (down from ฿0.19 in 1Q 2021). Revenue: ฿633.9m (down 7.1% from 1Q 2021). Net income: ฿35.4m (down 27% from 1Q 2021). Profit margin: 5.6% (down from 7.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jan 27Upcoming dividend of ฿0.60 per shareEligible shareholders must have bought the stock before 03 February 2022. Payment date: 25 February 2022. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (8.8%).
Reported Earnings • Nov 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.91 (up from ฿0.32 in FY 2020). Revenue: ฿2.61b (up 28% from FY 2020). Net income: ฿237.1m (up 188% from FY 2020). Profit margin: 9.1% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 13Third quarter 2021 earnings released: EPS ฿0.23 (vs ฿0.041 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿608.2m (up 140% from 3Q 2020). Net income: ฿59.7m (up ฿70.4m from 3Q 2020). Profit margin: 9.8% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 17Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 09 June 2021. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (4.9%). In line with average of industry peers (6.4%).
Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿12.00, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 25x in the Auto Components industry in Thailand. Total returns to shareholders of 12% over the past three years.
Is New 90 Day High Low • Feb 25New 90-day low: ฿9.60The company is down 4.0% from its price of ฿10.00 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 40% over the same period.
Reported Earnings • Feb 11First quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.14 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿682.9m (up 8.9% from 1Q 2020). Net income: ฿48.7m (up 38% from 1Q 2020). Profit margin: 7.1% (up from 5.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿10.10, the stock is trading at a trailing P/E ratio of 31.9x, down from the previous P/E ratio of 38.5x. This compares to an average P/E of 23x in the Auto Components industry in Thailand. Total returns to shareholders over the past three years are 3.3%.
Is New 90 Day High Low • Jan 13New 90-day high: ฿12.10The company is up 36% from its price of ฿8.90 on 12 October 2020. The Thai market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 7.0% over the same period.
Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 16% share price gain to ฿11.50, the stock is trading at a trailing P/E ratio of 36.3x, up from the previous P/E ratio of 31.2x. This compares to an average P/E of 22x in the Auto Components industry in Thailand. Total returns to shareholders over the past three years are 10%.
Is New 90 Day High Low • Nov 26New 90-day high: ฿10.00The company is up 8.0% from its price of ฿9.30 on 28 August 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 11% over the same period.
Reported Earnings • Nov 25Full year 2020 earnings released: EPS ฿0.32The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.05b (down 33% from FY 2019). Net income: ฿82.4m (down 63% from FY 2019). Profit margin: 4.0% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 04New 90-day low: ฿8.75The company is down 12% from its price of ฿10.00 on 06 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 14% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: ฿9.10The company is down 9.0% from its price of ฿9.95 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 1.0% over the same period.