Indara Insurance (INSURE) 주식 개요인다라 보험 공사는 태국에서 손해보험 서비스를 제공합니다. 자세히 보기INSURE 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적3/6재무 건전성5/6배당3/6강점공정 가치 추정치보다 낮은 53.7% 에서 거래올해부터 흑자전환위험 분석17.24% 의 배당금은 수익으로 잘 충당되지 않습니다.의미 있는 시가총액이 없습니다(THB696M)모든 위험 점검 보기INSURE Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value฿Current Price฿58.0069.0% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-84m27b2016201920222025202620282031Revenue ฿27.5bEarnings ฿124.2mAdvancedSet Fair ValueView all narrativesIndara Insurance Public Company Limited 경쟁사Bangkok Union InsuranceSymbol: SET:BUIMarket cap: ฿646.6mCharan InsuranceSymbol: SET:CHARANMarket cap: ฿216.0mThaivivat HoldingsSymbol: SET:TVHMarket cap: ฿3.0bMuang Thai InsuranceSymbol: SET:MTIMarket cap: ฿8.9b가격 이력 및 성과Indara Insurance 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가฿58.0052주 최고가฿87.2552주 최저가฿55.50베타0.351개월 변동-3.33%3개월 변동-10.77%1년 변동-27.27%3년 변동-56.72%5년 변동68.12%IPO 이후 변동-2.60%최근 뉴스 및 업데이트Reported Earnings • May 16First quarter 2026 earnings released: ฿10.18 loss per share (vs ฿10.59 loss in 1Q 2025)First quarter 2026 results: ฿10.18 loss per share (improved from ฿10.59 loss in 1Q 2025). Revenue: ฿1.45b (up 7.7% from 1Q 2025). Net loss: ฿122.1m (loss narrowed 3.9% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Board Change • Apr 02Less 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. 5 non-independent directors. Independent Director Suchart Uahwatanasakul was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Feb 25Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time.New Risk • Oct 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿840.0m market cap, or US$25.8m).New Risk • Sep 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (฿867.0m market cap, or US$27.0m).Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿2.96 (vs ฿4.95 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿2.96 (up from ฿4.95 loss in 2Q 2024). Revenue: ฿1.39b (up 172% from 2Q 2024). Net income: ฿35.5m (up ฿94.9m from 2Q 2024). Profit margin: 2.6% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.더 많은 업데이트 보기Recent updatesReported Earnings • May 16First quarter 2026 earnings released: ฿10.18 loss per share (vs ฿10.59 loss in 1Q 2025)First quarter 2026 results: ฿10.18 loss per share (improved from ฿10.59 loss in 1Q 2025). Revenue: ฿1.45b (up 7.7% from 1Q 2025). Net loss: ฿122.1m (loss narrowed 3.9% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Board Change • Apr 02Less 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. 5 non-independent directors. Independent Director Suchart Uahwatanasakul was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Feb 25Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time.New Risk • Oct 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿840.0m market cap, or US$25.8m).New Risk • Sep 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (฿867.0m market cap, or US$27.0m).Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿2.96 (vs ฿4.95 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿2.96 (up from ฿4.95 loss in 2Q 2024). Revenue: ฿1.39b (up 172% from 2Q 2024). Net income: ฿35.5m (up ฿94.9m from 2Q 2024). Profit margin: 2.6% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2025 earnings released: ฿12.21 loss per share (vs ฿12.09 profit in 1Q 2024)First quarter 2025 results: ฿12.21 loss per share (down from ฿12.09 profit in 1Q 2024). Revenue: ฿1.35b (up 138% from 1Q 2024). Net loss: ฿146.5m (down 221% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿83.00, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 9x in the Insurance industry in Thailand. Total returns to shareholders of 85% over the past three years.공시 • Apr 24Indara Insurance Public Company Limited Approves Dividend Payment for the Fiscal Year 2024Indara Insurance Public Company Limited at its AGM held on April 22, 2025, approved the allocation of the 2024 net profit to the legal reserve in the amount of THB 2,000,000, representing 10% of the registered capital, and the payment of a dividend from the net profit for the year ended December 31, 2024, after corporate income tax at the rate of 20%, at THB 10 per share, totaling THB 120,000,000, which represents 62.60% of the net profit.Upcoming Dividend • Apr 22Upcoming dividend of ฿10.00 per shareEligible shareholders must have bought the stock before 29 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 9.8%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (5.1%).Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿90.00, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Insurance industry in Thailand. Total returns to shareholders of 94% over the past three years.New Risk • Feb 25New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 11% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (128% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (฿1.08b market cap, or US$32.1m).Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿17.35 (vs ฿19.52 in FY 2023)Full year 2024 results: EPS: ฿17.35 (down from ฿19.52 in FY 2023). Revenue: ฿3.03b (up 7.5% from FY 2023). Net income: ฿191.6m (down 1.9% from FY 2023). Profit margin: 6.3% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.공시 • Feb 21+ 1 more updateIndara Insurance Public Company Limited Proposes Dividend for the Fiscal Year Ended December 31, 2024, Payable on May 20, 2025Indara Insurance Public Company Limited at its board meeting held on February 20, 2025, approved to propose to the Annual General Meeting of Shareholders to be held on April 22, 2025, for consideration and approval of the allocation of net profit for the fiscal year ended December 31, 2024 as a legal reserve in the amount of THB 2,000,000. As of December 31, 2024, the Company recorded a net profit of THB 191,557,720, as reflected in the financial statements for the fiscal year ended December 31, 2024. Accordingly, the Company proposed to the shareholders' meeting for consideration and approval of a dividend payment at a rate of THB 10 per share, totaling THB 120,000,000, which represents 62.6% of the net profit. The dividend payment is based on the net profit for the fiscal year ended December 31, 2024, which was subject to corporate income tax at a rate of 20%, in accordance with the Company's dividend policy, which requires a minimum payout of 60% of net profit. If the shareholders' meeting approves the dividend payment, the Company has set April 30, 2025, as the Record Date to determine shareholders entitled to receive the dividend, with the dividend payment scheduled for May 20, 2025. Ex-dividend date is April 29, 2025.New Risk • Dec 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (97% accrual ratio). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (฿948.0m market cap, or US$27.8m).Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.81 (vs ฿5.21 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.81 (down from ฿5.21 in 3Q 2023). Revenue: ฿717.7m (up 7.4% from 3Q 2023). Net income: ฿9.77m (down 81% from 3Q 2023). Profit margin: 1.4% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿77.50, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 9x in the Insurance industry in Thailand. Total returns to shareholders of 156% over the past three years.New Risk • Jun 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (74% accrual ratio). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (฿1.12b market cap, or US$30.4m).New Risk • Jun 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.9% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (฿980.0m market cap, or US$26.8m).Board Change • May 23Less 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. 5 non-independent directors. Independent Director Suchart Uahwatanasakul was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿12.09 (vs ฿6.95 in 1Q 2023)First quarter 2024 results: EPS: ฿12.09 (up from ฿6.95 in 1Q 2023). Revenue: ฿670.7m (down 7.4% from 1Q 2023). Net income: ฿120.9m (up 74% from 1Q 2023). Profit margin: 18% (up from 9.6% 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 18% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 15Indara Insurance Public Company Limited Announces Company Secretary Changes, Effective from June 1, 2024Indara Insurance Public Company Limited informed that Miss Wipa Tangtrongbenchasil has resigned from the position of the Company Secretary, effective from June 1, 2024 onwards. In this regard, the Board of Directors' Meeting No. 7/2024, held on May 14, 2024 has the resolution to appoint Miss Rotjana Udomthongkon as the Company Secretary, effective from June 1,2024 onwards.공시 • Apr 27Indara Insurance Public Company Limited Approves Appointment of Suchart Uahwatanasakul as Director and an Independent DirectorIndara Insurance Public Company Limited at its AGM held on April 25, 2024, approved to appoint Mr. Suchart Uahwatanasakul as director and an independent director to replace the independent director who retire by rotation.공시 • Mar 14+ 1 more updateIndara Insurance Public Company Limited, Annual General Meeting, Apr 25, 2024Indara Insurance Public Company Limited, Annual General Meeting, Apr 25, 2024, at 09:00 SE Asia Standard Time. Agenda: To Consider certifying the minutes of the Extraordinary General Meeting of Shareholders No. 1/2024, held on January 12, 2024; to acknowledge the report on the company's operating results for the year 2023; to consider and approve the statements of financial positions and the statement comprehensive income for the fiscal year ended December 31, 2023; to consider and approve the appropriation of profit and omission of dividend payment for the year 2023; to consider and approve the election of directors to replace those who retire by rotation; to consider and approve the director's remuneration for the year 2024; to consider the appointment of auditors and the determination of audit fee for the year 2024; and to consider other business (if any).Reported Earnings • Feb 21Full year 2023 earnings released: EPS: ฿19.52 (vs ฿70.44 in FY 2022)Full year 2023 results: EPS: ฿19.52 (down from ฿70.44 in FY 2022). Revenue: ฿2.82b (down 9.2% from FY 2022). Net income: ฿195.2m (down 72% from FY 2022). Profit margin: 6.9% (down from 23% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Feb 20Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.4% to ฿104. The fair value is estimated to be ฿136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 83% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿5.21 (vs ฿3.63 in 3Q 2022)Third quarter 2023 results: EPS: ฿5.21 (up from ฿3.63 in 3Q 2022). Revenue: ฿668.0m (down 6.8% from 3Q 2022). Net income: ฿52.1m (up 43% from 3Q 2022). Profit margin: 7.8% (up from 5.1% in 3Q 2022). The increase in margin was driven by lower expenses.공시 • Nov 10Indara Insurance Public Company Limited Announces Resignation of Monson Marukatat as DirectorIndara Insurance Public Company Limited informed that Mr. Monson Marukatat Director has resigned from the directorship of the company, effective from November 11, 2023 onwards. The company will register the designation of the authorized directors with the Department of Business Development, Ministry of Commerce in due course.New Risk • Aug 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (฿1.24b market cap, or US$35.4m).Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿2.33 (vs ฿10.79 in 2Q 2022)Second quarter 2023 results: EPS: ฿2.33 (down from ฿10.79 in 2Q 2022). Revenue: ฿669.4m (up 12% from 2Q 2022). Net income: ฿23.3m (down 78% from 2Q 2022). Profit margin: 3.5% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.Board Change • Jul 13Less 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. 5 non-independent directors. Independent Chairman Tithiphan Chuerboonchai was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Jul 04Indara Insurance Public Company Limited Announces Appointment of Director and Designation of Authorized DirectorsIndara Insurance Public Company Limited informed that the Board of Directors' Meeting held on July 3, 2023 resolved as follows: Appoint Ms. Nongnuch Suteekul as a director of the Company to replace the vacant position; and Approved the change of authorized directors as follows: Original: Mr. Wichai Intaranukulkij and Mr. Monson Marukatat, two directors jointly sign and affixed with the Company's seal Limitation of director's authority - None. Prescribe to: Mr. Banjong Chintanasiri, Mr. Wichai Intaranukulkij, and Mr. Monson Marukatat, two of the three directors jointly sign and affixed with the Company's seal Limitation of director's authority - None. The company will register the designation of the authorized directors with the Department of Business Development, Ministry of Commerce in due course.Reported Earnings • May 14First quarter 2023 earnings released: EPS: ฿6.95 (vs ฿59.81 in 1Q 2022)First quarter 2023 results: EPS: ฿6.95 (down from ฿59.81 in 1Q 2022). Revenue: ฿724.1m (down 6.2% from 1Q 2022). Net income: ฿69.5m (down 88% from 1Q 2022). Profit margin: 9.6% (down from 78% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿155, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 15x in the Insurance industry in Thailand. Total returns to shareholders of 349% over the past three years.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿183, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 19x in the Insurance industry in Thailand. Total returns to shareholders of 372% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ฿3.63 (vs ฿0.61 in 3Q 2021)Third quarter 2022 results: EPS: ฿3.63 (up from ฿0.61 in 3Q 2021). Revenue: ฿716.6m (up ฿632.8m from 3Q 2021). Net income: ฿36.3m (up 491% from 3Q 2021). Profit margin: 5.1% (down from 7.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 141% per year but the company’s share price has only increased by 95% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 30% share price gain to ฿309, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 18x in the Insurance industry in Thailand. Total returns to shareholders of 1,088% over the past three years.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ฿257, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 18x in the Insurance industry in Thailand. Total returns to shareholders of 757% over the past year.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improved over the past weekAfter last week's 169% share price gain to ฿452, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 18x in the Insurance industry in Thailand. Total returns to shareholders of 1,346% over the past three years.Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿10.79 (vs ฿0.001 in 2Q 2021)Second quarter 2022 results: EPS: ฿10.79 (up from ฿0.001 in 2Q 2021). Revenue: ฿597.2m (up ฿528.0m from 2Q 2021). Net income: ฿107.9m (up ฿107.9m from 2Q 2021). Profit margin: 18% (up from 0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 149% per year but the company’s share price has only increased by 105% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to ฿143, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 22x in the Insurance industry in Thailand. Total returns to shareholders of 393% over the past three years.Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 183% share price gain to ฿131, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 20x in the Insurance industry in Thailand. Total returns to shareholders of 521% over the past three years.Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿59.81 (vs ฿0.52 loss in 1Q 2021)First quarter 2022 results: EPS: ฿59.81 (up from ฿0.52 loss in 1Q 2021). Revenue: ฿772.0m (up ฿702.7m from 1Q 2021). Net income: ฿598.1m (up ฿603.3m from 1Q 2021). Profit margin: 78% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 146% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Board Change • Apr 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 20Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.41 (up from ฿2.18 loss in FY 2020). Revenue: ฿327.8m (up 5.7% from FY 2020). Net income: ฿14.1m (up ฿35.9m from FY 2020). Profit margin: 4.3% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Board Change • Oct 18Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Sep 21Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Aug 13Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • May 17First quarter 2021 earnings released: ฿0.52 loss per share (vs ฿2.43 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: ฿69.2m (up 4.3% from 1Q 2020). Net loss: ฿5.24m (loss narrowed 78% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year.Is New 90 Day High Low • Mar 15New 90-day low: ฿30.50The company is down 24% from a price of ฿40.25 on 15 December 2020. Underperformed the Thai market, which is up 7.0% over the last 90 days. Lagged the Insurance industry, which is up 4.0% over the same period.Reported Earnings • Feb 21Full year 2020 earnings released: ฿2.18 loss per share (vs ฿0.33 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ฿310.2m (down 28% from FY 2019). Net loss: ฿21.8m (loss widened ฿18.5m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% 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.주주 수익률INSURETH InsuranceTH 시장7D-3.3%-1.5%2.4%1Y-27.3%8.9%34.5%전체 주주 수익률 보기수익률 대 산업: INSURE은 지난 1년 동안 8.9%의 수익을 기록한 TH Insurance 산업보다 저조한 성과를 냈습니다.수익률 대 시장: INSURE은 지난 1년 동안 34.5%를 기록한 TH 시장보다 저조한 성과를 냈습니다.주가 변동성Is INSURE's price volatile compared to industry and market?INSURE volatilityINSURE Average Weekly Movementn/aInsurance Industry Average Movement3.8%Market Average Movement4.8%10% most volatile stocks in TH Market10.2%10% least volatile stocks in TH Market2.5%안정적인 주가: 데이터를 사용할 수 없습니다.시간에 따른 변동성: Insufficient data to determine INSURE의 변동성 변화를 판단할 수 없습니다.회사 소개설립직원 수CEO웹사이트1949n/aSirinthip Chotithamapornwww.indara.co.th인다라 보험 공사는 태국에서 손해보험 서비스를 제공하는 회사입니다. 화재, 해상 및 운송, 자동차, 개인 상해 및 기타 보험 상품을 제공합니다. 이 회사는 이전에 Inter life Insurance Company Limited로 알려졌습니다.더 보기Indara Insurance Public Company Limited 기초 지표 요약Indara Insurance의 순이익과 매출은 시가총액과 어떻게 비교됩니까?INSURE 기초 통계시가총액฿696.00m순이익 (TTM)฿27.16m매출 (TTM)฿6.00b25.6x주가수익비율(P/E)0.1x주가매출비율(P/S)INSURE는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표INSURE 손익계산서 (TTM)매출฿6.00b매출원가฿5.57b총이익฿436.82m기타 비용฿409.66m순이익฿27.16m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)2.26총이익률7.28%순이익률0.45%부채/자본 비율0%INSURE의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당17.2%현재 배당 수익률424%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 17:12종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Indara Insurance Public Company Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • May 16First quarter 2026 earnings released: ฿10.18 loss per share (vs ฿10.59 loss in 1Q 2025)First quarter 2026 results: ฿10.18 loss per share (improved from ฿10.59 loss in 1Q 2025). Revenue: ฿1.45b (up 7.7% from 1Q 2025). Net loss: ฿122.1m (loss narrowed 3.9% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Board Change • Apr 02Less 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. 5 non-independent directors. Independent Director Suchart Uahwatanasakul was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Feb 25Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time.
New Risk • Oct 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿840.0m market cap, or US$25.8m).
New Risk • Sep 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (฿867.0m market cap, or US$27.0m).
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿2.96 (vs ฿4.95 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿2.96 (up from ฿4.95 loss in 2Q 2024). Revenue: ฿1.39b (up 172% from 2Q 2024). Net income: ฿35.5m (up ฿94.9m from 2Q 2024). Profit margin: 2.6% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2026 earnings released: ฿10.18 loss per share (vs ฿10.59 loss in 1Q 2025)First quarter 2026 results: ฿10.18 loss per share (improved from ฿10.59 loss in 1Q 2025). Revenue: ฿1.45b (up 7.7% from 1Q 2025). Net loss: ฿122.1m (loss narrowed 3.9% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Board Change • Apr 02Less 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. 5 non-independent directors. Independent Director Suchart Uahwatanasakul was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Feb 25Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026Indara Insurance Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time.
New Risk • Oct 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿840.0m market cap, or US$25.8m).
New Risk • Sep 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (฿867.0m market cap, or US$27.0m).
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿2.96 (vs ฿4.95 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿2.96 (up from ฿4.95 loss in 2Q 2024). Revenue: ฿1.39b (up 172% from 2Q 2024). Net income: ฿35.5m (up ฿94.9m from 2Q 2024). Profit margin: 2.6% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2025 earnings released: ฿12.21 loss per share (vs ฿12.09 profit in 1Q 2024)First quarter 2025 results: ฿12.21 loss per share (down from ฿12.09 profit in 1Q 2024). Revenue: ฿1.35b (up 138% from 1Q 2024). Net loss: ฿146.5m (down 221% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿83.00, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 9x in the Insurance industry in Thailand. Total returns to shareholders of 85% over the past three years.
공시 • Apr 24Indara Insurance Public Company Limited Approves Dividend Payment for the Fiscal Year 2024Indara Insurance Public Company Limited at its AGM held on April 22, 2025, approved the allocation of the 2024 net profit to the legal reserve in the amount of THB 2,000,000, representing 10% of the registered capital, and the payment of a dividend from the net profit for the year ended December 31, 2024, after corporate income tax at the rate of 20%, at THB 10 per share, totaling THB 120,000,000, which represents 62.60% of the net profit.
Upcoming Dividend • Apr 22Upcoming dividend of ฿10.00 per shareEligible shareholders must have bought the stock before 29 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 9.8%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿90.00, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Insurance industry in Thailand. Total returns to shareholders of 94% over the past three years.
New Risk • Feb 25New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 11% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (128% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (฿1.08b market cap, or US$32.1m).
Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿17.35 (vs ฿19.52 in FY 2023)Full year 2024 results: EPS: ฿17.35 (down from ฿19.52 in FY 2023). Revenue: ฿3.03b (up 7.5% from FY 2023). Net income: ฿191.6m (down 1.9% from FY 2023). Profit margin: 6.3% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
공시 • Feb 21+ 1 more updateIndara Insurance Public Company Limited Proposes Dividend for the Fiscal Year Ended December 31, 2024, Payable on May 20, 2025Indara Insurance Public Company Limited at its board meeting held on February 20, 2025, approved to propose to the Annual General Meeting of Shareholders to be held on April 22, 2025, for consideration and approval of the allocation of net profit for the fiscal year ended December 31, 2024 as a legal reserve in the amount of THB 2,000,000. As of December 31, 2024, the Company recorded a net profit of THB 191,557,720, as reflected in the financial statements for the fiscal year ended December 31, 2024. Accordingly, the Company proposed to the shareholders' meeting for consideration and approval of a dividend payment at a rate of THB 10 per share, totaling THB 120,000,000, which represents 62.6% of the net profit. The dividend payment is based on the net profit for the fiscal year ended December 31, 2024, which was subject to corporate income tax at a rate of 20%, in accordance with the Company's dividend policy, which requires a minimum payout of 60% of net profit. If the shareholders' meeting approves the dividend payment, the Company has set April 30, 2025, as the Record Date to determine shareholders entitled to receive the dividend, with the dividend payment scheduled for May 20, 2025. Ex-dividend date is April 29, 2025.
New Risk • Dec 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (97% accrual ratio). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (฿948.0m market cap, or US$27.8m).
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.81 (vs ฿5.21 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.81 (down from ฿5.21 in 3Q 2023). Revenue: ฿717.7m (up 7.4% from 3Q 2023). Net income: ฿9.77m (down 81% from 3Q 2023). Profit margin: 1.4% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿77.50, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 9x in the Insurance industry in Thailand. Total returns to shareholders of 156% over the past three years.
New Risk • Jun 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (74% accrual ratio). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (฿1.12b market cap, or US$30.4m).
New Risk • Jun 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.9% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (฿980.0m market cap, or US$26.8m).
Board Change • May 23Less 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. 5 non-independent directors. Independent Director Suchart Uahwatanasakul was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿12.09 (vs ฿6.95 in 1Q 2023)First quarter 2024 results: EPS: ฿12.09 (up from ฿6.95 in 1Q 2023). Revenue: ฿670.7m (down 7.4% from 1Q 2023). Net income: ฿120.9m (up 74% from 1Q 2023). Profit margin: 18% (up from 9.6% 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 18% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 15Indara Insurance Public Company Limited Announces Company Secretary Changes, Effective from June 1, 2024Indara Insurance Public Company Limited informed that Miss Wipa Tangtrongbenchasil has resigned from the position of the Company Secretary, effective from June 1, 2024 onwards. In this regard, the Board of Directors' Meeting No. 7/2024, held on May 14, 2024 has the resolution to appoint Miss Rotjana Udomthongkon as the Company Secretary, effective from June 1,2024 onwards.
공시 • Apr 27Indara Insurance Public Company Limited Approves Appointment of Suchart Uahwatanasakul as Director and an Independent DirectorIndara Insurance Public Company Limited at its AGM held on April 25, 2024, approved to appoint Mr. Suchart Uahwatanasakul as director and an independent director to replace the independent director who retire by rotation.
공시 • Mar 14+ 1 more updateIndara Insurance Public Company Limited, Annual General Meeting, Apr 25, 2024Indara Insurance Public Company Limited, Annual General Meeting, Apr 25, 2024, at 09:00 SE Asia Standard Time. Agenda: To Consider certifying the minutes of the Extraordinary General Meeting of Shareholders No. 1/2024, held on January 12, 2024; to acknowledge the report on the company's operating results for the year 2023; to consider and approve the statements of financial positions and the statement comprehensive income for the fiscal year ended December 31, 2023; to consider and approve the appropriation of profit and omission of dividend payment for the year 2023; to consider and approve the election of directors to replace those who retire by rotation; to consider and approve the director's remuneration for the year 2024; to consider the appointment of auditors and the determination of audit fee for the year 2024; and to consider other business (if any).
Reported Earnings • Feb 21Full year 2023 earnings released: EPS: ฿19.52 (vs ฿70.44 in FY 2022)Full year 2023 results: EPS: ฿19.52 (down from ฿70.44 in FY 2022). Revenue: ฿2.82b (down 9.2% from FY 2022). Net income: ฿195.2m (down 72% from FY 2022). Profit margin: 6.9% (down from 23% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Feb 20Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.4% to ฿104. The fair value is estimated to be ฿136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 83% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿5.21 (vs ฿3.63 in 3Q 2022)Third quarter 2023 results: EPS: ฿5.21 (up from ฿3.63 in 3Q 2022). Revenue: ฿668.0m (down 6.8% from 3Q 2022). Net income: ฿52.1m (up 43% from 3Q 2022). Profit margin: 7.8% (up from 5.1% in 3Q 2022). The increase in margin was driven by lower expenses.
공시 • Nov 10Indara Insurance Public Company Limited Announces Resignation of Monson Marukatat as DirectorIndara Insurance Public Company Limited informed that Mr. Monson Marukatat Director has resigned from the directorship of the company, effective from November 11, 2023 onwards. The company will register the designation of the authorized directors with the Department of Business Development, Ministry of Commerce in due course.
New Risk • Aug 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (฿1.24b market cap, or US$35.4m).
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿2.33 (vs ฿10.79 in 2Q 2022)Second quarter 2023 results: EPS: ฿2.33 (down from ฿10.79 in 2Q 2022). Revenue: ฿669.4m (up 12% from 2Q 2022). Net income: ฿23.3m (down 78% from 2Q 2022). Profit margin: 3.5% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.
Board Change • Jul 13Less 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. 5 non-independent directors. Independent Chairman Tithiphan Chuerboonchai was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Jul 04Indara Insurance Public Company Limited Announces Appointment of Director and Designation of Authorized DirectorsIndara Insurance Public Company Limited informed that the Board of Directors' Meeting held on July 3, 2023 resolved as follows: Appoint Ms. Nongnuch Suteekul as a director of the Company to replace the vacant position; and Approved the change of authorized directors as follows: Original: Mr. Wichai Intaranukulkij and Mr. Monson Marukatat, two directors jointly sign and affixed with the Company's seal Limitation of director's authority - None. Prescribe to: Mr. Banjong Chintanasiri, Mr. Wichai Intaranukulkij, and Mr. Monson Marukatat, two of the three directors jointly sign and affixed with the Company's seal Limitation of director's authority - None. The company will register the designation of the authorized directors with the Department of Business Development, Ministry of Commerce in due course.
Reported Earnings • May 14First quarter 2023 earnings released: EPS: ฿6.95 (vs ฿59.81 in 1Q 2022)First quarter 2023 results: EPS: ฿6.95 (down from ฿59.81 in 1Q 2022). Revenue: ฿724.1m (down 6.2% from 1Q 2022). Net income: ฿69.5m (down 88% from 1Q 2022). Profit margin: 9.6% (down from 78% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿155, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 15x in the Insurance industry in Thailand. Total returns to shareholders of 349% over the past three years.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿183, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 19x in the Insurance industry in Thailand. Total returns to shareholders of 372% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ฿3.63 (vs ฿0.61 in 3Q 2021)Third quarter 2022 results: EPS: ฿3.63 (up from ฿0.61 in 3Q 2021). Revenue: ฿716.6m (up ฿632.8m from 3Q 2021). Net income: ฿36.3m (up 491% from 3Q 2021). Profit margin: 5.1% (down from 7.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 141% per year but the company’s share price has only increased by 95% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 30% share price gain to ฿309, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 18x in the Insurance industry in Thailand. Total returns to shareholders of 1,088% over the past three years.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ฿257, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 18x in the Insurance industry in Thailand. Total returns to shareholders of 757% over the past year.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improved over the past weekAfter last week's 169% share price gain to ฿452, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 18x in the Insurance industry in Thailand. Total returns to shareholders of 1,346% over the past three years.
Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿10.79 (vs ฿0.001 in 2Q 2021)Second quarter 2022 results: EPS: ฿10.79 (up from ฿0.001 in 2Q 2021). Revenue: ฿597.2m (up ฿528.0m from 2Q 2021). Net income: ฿107.9m (up ฿107.9m from 2Q 2021). Profit margin: 18% (up from 0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 149% per year but the company’s share price has only increased by 105% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to ฿143, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 22x in the Insurance industry in Thailand. Total returns to shareholders of 393% over the past three years.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 183% share price gain to ฿131, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 20x in the Insurance industry in Thailand. Total returns to shareholders of 521% over the past three years.
Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿59.81 (vs ฿0.52 loss in 1Q 2021)First quarter 2022 results: EPS: ฿59.81 (up from ฿0.52 loss in 1Q 2021). Revenue: ฿772.0m (up ฿702.7m from 1Q 2021). Net income: ฿598.1m (up ฿603.3m from 1Q 2021). Profit margin: 78% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 146% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 20Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.41 (up from ฿2.18 loss in FY 2020). Revenue: ฿327.8m (up 5.7% from FY 2020). Net income: ฿14.1m (up ฿35.9m from FY 2020). Profit margin: 4.3% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Board Change • Oct 18Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Sep 21Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Aug 13Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wilaiporn Liwagasemsan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • May 17First quarter 2021 earnings released: ฿0.52 loss per share (vs ฿2.43 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: ฿69.2m (up 4.3% from 1Q 2020). Net loss: ฿5.24m (loss narrowed 78% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year.
Is New 90 Day High Low • Mar 15New 90-day low: ฿30.50The company is down 24% from a price of ฿40.25 on 15 December 2020. Underperformed the Thai market, which is up 7.0% over the last 90 days. Lagged the Insurance industry, which is up 4.0% over the same period.
Reported Earnings • Feb 21Full year 2020 earnings released: ฿2.18 loss per share (vs ฿0.33 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ฿310.2m (down 28% from FY 2019). Net loss: ฿21.8m (loss widened ฿18.5m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% 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.
