View ValuationThis company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsTotal Access Communication 将来の成長Future 基準チェック /36Total Access Communication利益と収益がそれぞれ年間8.2%と9.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に29.7% 14.2%なると予測されています。主要情報8.2%収益成長率14.24%EPS成長率Wireless Telecom 収益成長-5.8%収益成長率9.3%将来の株主資本利益率29.67%アナリストカバレッジGood最終更新日07 Mar 2023今後の成長に関する最新情報Major Estimate Revision • Nov 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.38 to ฿1.24 per share. Revenue forecast steady at ฿81.2b. Net income forecast to grow 29% next year vs 7.1% growth forecast for Wireless Telecom industry in Thailand. Consensus price target broadly unchanged at ฿53.37. Share price was steady at ฿45.00 over the past week.Price Target Changed • Dec 16Price target increased to ฿46.61Up from ฿43.27, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ฿44.75. The company is forecast to post earnings per share of ฿1.69 for next year compared to ฿2.16 last year.Price Target Changed • Nov 26Price target increased to ฿42.22Up from ฿39.32, the current price target is an average from 16 analysts. New target price is 6.7% below last closing price of ฿45.25. The company is forecast to post earnings per share of ฿1.68 for next year compared to ฿2.16 last year.Major Estimate Revision • Jul 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ฿78.4b to ฿80.1b. EPS estimate fell from ฿1.82 to ฿1.56 per share. Net income forecast to shrink 3.8% next year vs 9.3% growth forecast for Wireless Telecom industry in Thailand . Consensus price target reaffirmed at ฿37.63. Share price was steady at ฿29.75 over the past week.Major Estimate Revision • Feb 05Analysts lower EPS estimates to ฿1.64The 2021 consensus revenue estimate was lowered from ฿79.3b to ฿77.8b. Earning per share (EPS) estimate was also lowered from ฿1.99 to ฿1.64 for the same period. Net income is expected to shrink by 23% next year compared to 2.8% growth forecast for the Wireless Telecom industry in Thailand . The consensus price target was lowered from ฿41.86 to ฿39.43. Share price is up 3.1% to ฿33.50 over the past week.すべての更新を表示Recent updatesUpcoming Dividend • Feb 06Upcoming dividend of ฿1.22 per share at 4.2% yieldEligible shareholders must have bought the stock before 13 February 2023. Payment date: 22 February 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.4%). In line with average of industry peers (4.6%).Reported Earnings • Feb 01Full year 2022 earnings released: EPS: ฿1.32 (vs ฿1.42 in FY 2021)Full year 2022 results: EPS: ฿1.32 (down from ฿1.42 in FY 2021). Revenue: ฿80.6b (up 21% from FY 2021). Net income: ฿3.12b (down 7.1% from FY 2021). Profit margin: 3.9% (down from 5.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Jan 27Total Access Communication Public Company Limited Announces Interim Cash Dividend, Payable on February 22, 2023Total Access Communication Public Company Limited announced interim cash dividend of THB 1.22 per share with Ex-dividend date February 13, 2023, Record date for the right to receive dividends February 14, 2023 and Payment date to be February 22, 2023.お知らせ • Dec 14Total Access Communication Public Company Limited to Report Q4, 2022 Results on Jan 31, 2023Total Access Communication Public Company Limited announced that they will report Q4, 2022 results at 4:45 PM, SE Asia Standard Time on Jan 31, 2023Board 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. 6 non-independent directors. Independent Director Pratana Mongkolkul was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Nov 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.38 to ฿1.24 per share. Revenue forecast steady at ฿81.2b. Net income forecast to grow 29% next year vs 7.1% growth forecast for Wireless Telecom industry in Thailand. Consensus price target broadly unchanged at ฿53.37. Share price was steady at ฿45.00 over the past week.Reported Earnings • Oct 22Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ฿0.21 (down from ฿0.35 in 3Q 2021). Revenue: ฿20.0b (up 29% from 3Q 2021). Net income: ฿488.0m (down 41% from 3Q 2021). Profit margin: 2.4% (down from 5.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year.Upcoming Dividend • Jul 20Upcoming dividend of ฿0.85 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 15 August 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (5.0%).Reported Earnings • Jul 17Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: ฿0.42 (down from ฿0.65 in 2Q 2021). Revenue: ฿16.3b (flat on 2Q 2021). Net income: ฿1.00b (down 34% from 2Q 2021). Profit margin: 6.2% (down from 9.4% in 2Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 25%, compared to a 5.5% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 27First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: ฿0.31 (down from ฿0.35 in 1Q 2021). Revenue: ฿16.4b (down 3.3% from 1Q 2021). Net income: ฿726.4m (down 12% from 1Q 2021). Profit margin: 4.4% (down from 4.9% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 24%, compared to a 6.2% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pratana Mongkolkul was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Feb 04Upcoming dividend of ฿1.05 per shareEligible shareholders must have bought the stock before 11 February 2022. Payment date: 20 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (4.3%).Reported Earnings • Jan 30Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿1.42 (down from ฿2.16 in FY 2020). Revenue: ฿66.7b (flat on FY 2020). Net income: ฿3.36b (down 34% from FY 2020). Profit margin: 5.0% (down from 7.6% in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 22%, compared to a 5.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Dec 16Price target increased to ฿46.61Up from ฿43.27, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ฿44.75. The company is forecast to post earnings per share of ฿1.69 for next year compared to ฿2.16 last year.Price Target Changed • Nov 26Price target increased to ฿42.22Up from ฿39.32, the current price target is an average from 16 analysts. New target price is 6.7% below last closing price of ฿45.25. The company is forecast to post earnings per share of ฿1.68 for next year compared to ฿2.16 last year.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿41.25, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Wireless Telecom industry in Asia. Total returns to shareholders of 9.0% over the past three years.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.61 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿15.5b (down 3.0% from 3Q 2020). Net income: ฿832.0m (down 42% from 3Q 2020). Profit margin: 5.4% (down from 9.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Executive Departure • Oct 10Chief Business Officer Rajiv Bawa has left the companyOn the 1st of October, Rajiv Bawa's tenure as Chief Business Officer ended after 4.0 years in the role. We don't have any record of a personal shareholding under Rajiv's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.38 years.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿37.75, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Wireless Telecom industry in Asia. Total returns to shareholders of 8.2% over the past three years.Upcoming Dividend • Jul 23Upcoming dividend of ฿1.05 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 16 August 2021. Trailing yield: 9.7%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (3.8%).Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS ฿0.65 (vs ฿0.80 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ฿16.4b (flat on 2Q 2020). Net income: ฿1.53b (down 19% from 2Q 2020). Profit margin: 9.4% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jul 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ฿78.4b to ฿80.1b. EPS estimate fell from ฿1.82 to ฿1.56 per share. Net income forecast to shrink 3.8% next year vs 9.3% growth forecast for Wireless Telecom industry in Thailand . Consensus price target reaffirmed at ฿37.63. Share price was steady at ฿29.75 over the past week.Reported Earnings • May 03First quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.63 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿16.9b (down 2.9% from 1Q 2020). Net income: ฿822.1m (down 45% from 1Q 2020). Profit margin: 4.9% (down from 8.6% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 11New 90-day low: ฿32.25The company is down 4.0% from its price of ฿33.50 on 13 November 2020. The Thai market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿105 per share.Major Estimate Revision • Feb 05Analysts lower EPS estimates to ฿1.64The 2021 consensus revenue estimate was lowered from ฿79.3b to ฿77.8b. Earning per share (EPS) estimate was also lowered from ฿1.99 to ฿1.64 for the same period. Net income is expected to shrink by 23% next year compared to 2.8% growth forecast for the Wireless Telecom industry in Thailand . The consensus price target was lowered from ฿41.86 to ฿39.43. Share price is up 3.1% to ฿33.50 over the past week.Upcoming Dividend • Feb 04Upcoming Dividend of ฿2.12 Per ShareWill be paid on the 20th of April to those who are registered shareholders by the 11th of February. The trailing yield of 9.0% is in the top quartile of Thai dividend payers (6.3%), and it is higher than industry peers (3.9%).Reported Earnings • Jan 30Full year 2020 earnings released: EPS ฿2.16 (vs ฿2.29 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿78.8b (up 9.5% from FY 2019). Net income: ฿5.11b (down 5.8% from FY 2019). Profit margin: 6.5% (down from 7.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Jan 30Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to stay flat compared to a 1.9% growth forecast for the Wireless Telecom industry in Thailand.Is New 90 Day High Low • Dec 14New 90-day high: ฿38.50The company is up 12% from its price of ฿34.50 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Wireless Telecom industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿82.33 per share.Is New 90 Day High Low • Oct 21New 90-day low: ฿31.00The company is down 23% from its price of ฿40.50 on 23 July 2020. The Thai market is down 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿69.32 per share.Analyst Estimate Surprise Post Earnings • Oct 17Third-quarter earnings released: Earnings beat expectationsEarnings per share (EPS) surpassed analyst estimates by 2.0% at ฿0.61. Revenue is forecast to grow 4.1% over the next year, compared to a 2.8% growth forecast for the Wireless Telecom industry in Thailand.Is New 90 Day High Low • Oct 02New 90-day low: ฿31.25The company is down 21% from its price of ฿39.50 on 03 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿68.37 per share.業績と収益の成長予測SET:DTAC - 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12/31/202587,1614,41213,36628,646412/31/202483,9093,46313,12528,247912/31/202382,1573,07312,51027,984812/31/202265,5903,11913,63327,076N/A9/30/202266,7652,38911,72826,250N/A6/30/202266,0442,73310,03325,252N/A3/31/202266,1203,26011,98626,237N/A12/31/202166,6713,35610,57826,494N/A9/30/202165,9123,46610,91425,783N/A6/30/202166,4004,07013,26826,103N/A3/31/202166,4614,42813,63824,667N/A12/31/202066,9735,10716,17225,942N/A9/30/202068,7125,62019,38629,295N/A6/30/202070,5195,94117,35928,301N/A3/31/202071,8205,6263,51118,460N/A12/31/201971,9615,422-51017,535N/A9/30/201971,146-313-21,27011,088N/A6/30/201970,904-2,991-23,0968,984N/A3/31/201971,777-4,386-10,75718,078N/A12/31/201873,094-4,369-7,25418,256N/A9/30/201875,1271,1158,22021,990N/A6/30/201876,1482,6378,87224,927N/A3/31/201876,8453,20110,93428,583N/A12/31/201777,4562,1157,36027,330N/A9/30/201778,5761,6034,89026,057N/A6/30/201779,2481,6615,27224,945N/A3/31/201779,4931,0591,74421,952N/A12/31/201681,4332,0867,61026,626N/A9/30/201683,3673,054N/A22,261N/A6/30/201683,5973,623N/A23,758N/A3/31/201685,9024,857N/A27,778N/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: DTACの予測収益成長率 (年間8.2% ) は 貯蓄率 ( 2% ) を上回っています。収益対市場: DTACの収益 ( 8.2% ) TH市場 ( 10.7% ) よりも低い成長が予測されています。高成長収益: DTACの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: DTACの収益 ( 9.3% ) TH市場 ( 9.9% ) よりも速いペースで成長すると予測されています。高い収益成長: DTACの収益 ( 9.3% ) 20%よりも低い成長が予測されています。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: DTACの 自己資本利益率 は、3年後には高くなると予測されています ( 29.7 %)成長企業の発掘7D1Y7D1Y7D1YTelecom 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2023/03/08 21:16終値2023/02/17 00:00収益2022/12/31年間収益2022/12/31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Total Access Communication Public Company Limited 10 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。24 アナリスト機関Suwat WattanapornpromAsia Plus Securities Company LimitedAnand RamachandranBarclaysThitithep NophaketBofA Global Research21 その他のアナリストを表示
Major Estimate Revision • Nov 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.38 to ฿1.24 per share. Revenue forecast steady at ฿81.2b. Net income forecast to grow 29% next year vs 7.1% growth forecast for Wireless Telecom industry in Thailand. Consensus price target broadly unchanged at ฿53.37. Share price was steady at ฿45.00 over the past week.
Price Target Changed • Dec 16Price target increased to ฿46.61Up from ฿43.27, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ฿44.75. The company is forecast to post earnings per share of ฿1.69 for next year compared to ฿2.16 last year.
Price Target Changed • Nov 26Price target increased to ฿42.22Up from ฿39.32, the current price target is an average from 16 analysts. New target price is 6.7% below last closing price of ฿45.25. The company is forecast to post earnings per share of ฿1.68 for next year compared to ฿2.16 last year.
Major Estimate Revision • Jul 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ฿78.4b to ฿80.1b. EPS estimate fell from ฿1.82 to ฿1.56 per share. Net income forecast to shrink 3.8% next year vs 9.3% growth forecast for Wireless Telecom industry in Thailand . Consensus price target reaffirmed at ฿37.63. Share price was steady at ฿29.75 over the past week.
Major Estimate Revision • Feb 05Analysts lower EPS estimates to ฿1.64The 2021 consensus revenue estimate was lowered from ฿79.3b to ฿77.8b. Earning per share (EPS) estimate was also lowered from ฿1.99 to ฿1.64 for the same period. Net income is expected to shrink by 23% next year compared to 2.8% growth forecast for the Wireless Telecom industry in Thailand . The consensus price target was lowered from ฿41.86 to ฿39.43. Share price is up 3.1% to ฿33.50 over the past week.
Upcoming Dividend • Feb 06Upcoming dividend of ฿1.22 per share at 4.2% yieldEligible shareholders must have bought the stock before 13 February 2023. Payment date: 22 February 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.4%). In line with average of industry peers (4.6%).
Reported Earnings • Feb 01Full year 2022 earnings released: EPS: ฿1.32 (vs ฿1.42 in FY 2021)Full year 2022 results: EPS: ฿1.32 (down from ฿1.42 in FY 2021). Revenue: ฿80.6b (up 21% from FY 2021). Net income: ฿3.12b (down 7.1% from FY 2021). Profit margin: 3.9% (down from 5.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Jan 27Total Access Communication Public Company Limited Announces Interim Cash Dividend, Payable on February 22, 2023Total Access Communication Public Company Limited announced interim cash dividend of THB 1.22 per share with Ex-dividend date February 13, 2023, Record date for the right to receive dividends February 14, 2023 and Payment date to be February 22, 2023.
お知らせ • Dec 14Total Access Communication Public Company Limited to Report Q4, 2022 Results on Jan 31, 2023Total Access Communication Public Company Limited announced that they will report Q4, 2022 results at 4:45 PM, SE Asia Standard Time on Jan 31, 2023
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. 6 non-independent directors. Independent Director Pratana Mongkolkul was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Nov 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.38 to ฿1.24 per share. Revenue forecast steady at ฿81.2b. Net income forecast to grow 29% next year vs 7.1% growth forecast for Wireless Telecom industry in Thailand. Consensus price target broadly unchanged at ฿53.37. Share price was steady at ฿45.00 over the past week.
Reported Earnings • Oct 22Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ฿0.21 (down from ฿0.35 in 3Q 2021). Revenue: ฿20.0b (up 29% from 3Q 2021). Net income: ฿488.0m (down 41% from 3Q 2021). Profit margin: 2.4% (down from 5.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year.
Upcoming Dividend • Jul 20Upcoming dividend of ฿0.85 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 15 August 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (5.0%).
Reported Earnings • Jul 17Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: ฿0.42 (down from ฿0.65 in 2Q 2021). Revenue: ฿16.3b (flat on 2Q 2021). Net income: ฿1.00b (down 34% from 2Q 2021). Profit margin: 6.2% (down from 9.4% in 2Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 25%, compared to a 5.5% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: ฿0.31 (down from ฿0.35 in 1Q 2021). Revenue: ฿16.4b (down 3.3% from 1Q 2021). Net income: ฿726.4m (down 12% from 1Q 2021). Profit margin: 4.4% (down from 4.9% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 24%, compared to a 6.2% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pratana Mongkolkul was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Feb 04Upcoming dividend of ฿1.05 per shareEligible shareholders must have bought the stock before 11 February 2022. Payment date: 20 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (4.3%).
Reported Earnings • Jan 30Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿1.42 (down from ฿2.16 in FY 2020). Revenue: ฿66.7b (flat on FY 2020). Net income: ฿3.36b (down 34% from FY 2020). Profit margin: 5.0% (down from 7.6% in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 22%, compared to a 5.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Dec 16Price target increased to ฿46.61Up from ฿43.27, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ฿44.75. The company is forecast to post earnings per share of ฿1.69 for next year compared to ฿2.16 last year.
Price Target Changed • Nov 26Price target increased to ฿42.22Up from ฿39.32, the current price target is an average from 16 analysts. New target price is 6.7% below last closing price of ฿45.25. The company is forecast to post earnings per share of ฿1.68 for next year compared to ฿2.16 last year.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿41.25, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Wireless Telecom industry in Asia. Total returns to shareholders of 9.0% over the past three years.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.61 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿15.5b (down 3.0% from 3Q 2020). Net income: ฿832.0m (down 42% from 3Q 2020). Profit margin: 5.4% (down from 9.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Executive Departure • Oct 10Chief Business Officer Rajiv Bawa has left the companyOn the 1st of October, Rajiv Bawa's tenure as Chief Business Officer ended after 4.0 years in the role. We don't have any record of a personal shareholding under Rajiv's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.38 years.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿37.75, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Wireless Telecom industry in Asia. Total returns to shareholders of 8.2% over the past three years.
Upcoming Dividend • Jul 23Upcoming dividend of ฿1.05 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 16 August 2021. Trailing yield: 9.7%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (3.8%).
Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS ฿0.65 (vs ฿0.80 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ฿16.4b (flat on 2Q 2020). Net income: ฿1.53b (down 19% from 2Q 2020). Profit margin: 9.4% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jul 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ฿78.4b to ฿80.1b. EPS estimate fell from ฿1.82 to ฿1.56 per share. Net income forecast to shrink 3.8% next year vs 9.3% growth forecast for Wireless Telecom industry in Thailand . Consensus price target reaffirmed at ฿37.63. Share price was steady at ฿29.75 over the past week.
Reported Earnings • May 03First quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.63 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿16.9b (down 2.9% from 1Q 2020). Net income: ฿822.1m (down 45% from 1Q 2020). Profit margin: 4.9% (down from 8.6% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 11New 90-day low: ฿32.25The company is down 4.0% from its price of ฿33.50 on 13 November 2020. The Thai market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿105 per share.
Major Estimate Revision • Feb 05Analysts lower EPS estimates to ฿1.64The 2021 consensus revenue estimate was lowered from ฿79.3b to ฿77.8b. Earning per share (EPS) estimate was also lowered from ฿1.99 to ฿1.64 for the same period. Net income is expected to shrink by 23% next year compared to 2.8% growth forecast for the Wireless Telecom industry in Thailand . The consensus price target was lowered from ฿41.86 to ฿39.43. Share price is up 3.1% to ฿33.50 over the past week.
Upcoming Dividend • Feb 04Upcoming Dividend of ฿2.12 Per ShareWill be paid on the 20th of April to those who are registered shareholders by the 11th of February. The trailing yield of 9.0% is in the top quartile of Thai dividend payers (6.3%), and it is higher than industry peers (3.9%).
Reported Earnings • Jan 30Full year 2020 earnings released: EPS ฿2.16 (vs ฿2.29 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿78.8b (up 9.5% from FY 2019). Net income: ฿5.11b (down 5.8% from FY 2019). Profit margin: 6.5% (down from 7.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Jan 30Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to stay flat compared to a 1.9% growth forecast for the Wireless Telecom industry in Thailand.
Is New 90 Day High Low • Dec 14New 90-day high: ฿38.50The company is up 12% from its price of ฿34.50 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Wireless Telecom industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿82.33 per share.
Is New 90 Day High Low • Oct 21New 90-day low: ฿31.00The company is down 23% from its price of ฿40.50 on 23 July 2020. The Thai market is down 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿69.32 per share.
Analyst Estimate Surprise Post Earnings • Oct 17Third-quarter earnings released: Earnings beat expectationsEarnings per share (EPS) surpassed analyst estimates by 2.0% at ฿0.61. Revenue is forecast to grow 4.1% over the next year, compared to a 2.8% growth forecast for the Wireless Telecom industry in Thailand.
Is New 90 Day High Low • Oct 02New 90-day low: ฿31.25The company is down 21% from its price of ฿39.50 on 03 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿68.37 per share.