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Thai Stanley Electric

BST:26T
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
26T
BST
฿17B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Thai Stanley Electric Public Company Limited manufactures and sells automotive bulbs, lighting equipment, molds and dies, and product designs primarily in Thailand. The last earnings update was 62 days ago. More info.


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26T Share Price and Events
7 Day Returns
-0.9%
BST:26T
-0.1%
DE Auto Components
-0.6%
DE Market
1 Year Returns
0.4%
BST:26T
-40.5%
DE Auto Components
-8.3%
DE Market
26T Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thai Stanley Electric (26T) -0.9% -2.7% 1% 0.4% 44.4% 23.8%
DE Auto Components -0.1% -2% -23.2% -40.5% -34.1% -33.3%
DE Market -0.6% 1.8% -3.2% -8.3% 8.9% 10.6%
1 Year Return vs Industry and Market
  • 26T outperformed the Auto Components industry which returned -40.5% over the past year.
  • 26T outperformed the Market in Germany which returned -8.3% over the past year.
Price Volatility
26T
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Thai Stanley Electric's competitors could be found in our database.

Value

 Is Thai Stanley Electric undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Thai Stanley Electric to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thai Stanley Electric.

BST:26T Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:26T
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.265 (1 + (1- 20%) (0%))
1.178
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.178 * 5.96%)
7.25%

Discounted Cash Flow Calculation for BST:26T using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Thai Stanley Electric is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:26T DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 7.25%)
2020 1,275.00 Analyst x1 1,188.84
2021 1,744.50 Analyst x2 1,516.70
2022 1,649.00 Analyst x1 1,336.79
2023 1,790.00 Analyst x1 1,353.04
2024 1,833.00 Analyst x1 1,291.92
2025 1,863.99 Est @ 1.69% 1,224.98
2026 1,887.33 Est @ 1.25% 1,156.51
2027 1,905.16 Est @ 0.94% 1,088.55
2028 1,919.06 Est @ 0.73% 1,022.39
2029 1,930.17 Est @ 0.58% 958.83
Present value of next 10 years cash flows ฿12,138.56
BST:26T DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿1,930.17 × (1 + 0.23%) ÷ (7.25% – 0.23%)
฿27,561.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿27,561.61 ÷ (1 + 7.25%)10
฿13,691.45
BST:26T Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿12,138.56 + ฿13,691.45
฿25,830.01
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿25,830.01 / 76.63
฿337.1
BST:26T Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:26T represents 0.02837x of SET:STANLY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02837x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 337.10 x 0.02837
€9.56
Value per share (EUR) From above. €9.56
Current discount Discount to share price of €6.33
= -1 x (€6.33 - €9.56) / €9.56
33.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Thai Stanley Electric is available for.
Intrinsic value
34%
Share price is €6.33 vs Future cash flow value of €9.56
Current Discount Checks
For Thai Stanley Electric to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thai Stanley Electric's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thai Stanley Electric's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thai Stanley Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thai Stanley Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:26T PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿25.81
SET:STANLY Share Price ** SET (2019-07-18) in THB ฿223
Germany Auto Components Industry PE Ratio Median Figure of 11 Publicly-Listed Auto Components Companies 13.81x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thai Stanley Electric.

BST:26T PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:STANLY Share Price ÷ EPS (both in THB)

= 223 ÷ 25.81

8.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thai Stanley Electric is good value based on earnings compared to the DE Auto Components industry average.
  • Thai Stanley Electric is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Thai Stanley Electric's expected growth come at a high price?
Raw Data
BST:26T PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
5.9%per year
Germany Auto Components Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Components Companies 0.61x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

BST:26T PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.64x ÷ 5.9%

1.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thai Stanley Electric is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Thai Stanley Electric's assets?
Raw Data
BST:26T PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿208.37
SET:STANLY Share Price * SET (2019-07-18) in THB ฿223
Germany Auto Components Industry PB Ratio Median Figure of 12 Publicly-Listed Auto Components Companies 1.24x
Germany Market PB Ratio Median Figure of 569 Publicly-Listed Companies 1.75x
BST:26T PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:STANLY Share Price ÷ Book Value per Share (both in THB)

= 223 ÷ 208.37

1.07x

* Primary Listing of Thai Stanley Electric.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thai Stanley Electric is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Thai Stanley Electric's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Thai Stanley Electric has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Thai Stanley Electric expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thai Stanley Electric expected to grow at an attractive rate?
  • Thai Stanley Electric's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Thai Stanley Electric's earnings growth is positive but not above the Germany market average.
  • Thai Stanley Electric's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:26T Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:26T Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 5.9%
BST:26T Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.4%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:26T Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:26T Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 16,635 3,512 2,228 3
2020-03-31 15,591 3,189 2,118 3
BST:26T Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 14,635 2,504 1,978
2018-12-31 14,476 2,584 1,991
2018-09-30 13,920 2,835 1,868
2018-06-30 13,554 2,954 1,745
2018-03-31 13,220 2,733 1,659
2017-12-31 12,464 2,277 1,435
2017-09-30 11,790 2,196 1,338
2017-06-30 11,362 2,173 1,323
2017-03-31 11,025 2,372 1,271
2016-12-31 11,319 2,333 1,358
2016-09-30 11,164 1,990 1,291
2016-06-30 10,888 2,066 1,371

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thai Stanley Electric's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
  • Thai Stanley Electric's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:26T Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Thai Stanley Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:26T Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 29.03 29.19 28.79 3.00
2020-03-31 27.54 27.87 27.35 3.00
BST:26T Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 25.81
2018-12-31 25.99
2018-09-30 24.37
2018-06-30 22.77
2018-03-31 21.65
2017-12-31 18.73
2017-09-30 17.46
2017-06-30 17.27
2017-03-31 16.58
2016-12-31 17.72
2016-09-30 16.85
2016-06-30 17.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Thai Stanley Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Thai Stanley Electric's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thai Stanley Electric has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Thai Stanley Electric performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thai Stanley Electric's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thai Stanley Electric's year on year earnings growth rate has been positive over the past 5 years.
  • Thai Stanley Electric's 1-year earnings growth exceeds its 5-year average (19.2% vs 9.2%)
  • Thai Stanley Electric's earnings growth has exceeded the DE Auto Components industry average in the past year (19.2% vs -12.5%).
Earnings and Revenue History
Thai Stanley Electric's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thai Stanley Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:26T Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 14,634.62 1,977.76 927.80
2018-12-31 14,475.96 1,991.30 931.76
2018-09-30 13,920.14 1,867.67 915.96
2018-06-30 13,554.23 1,745.10 909.53
2018-03-31 13,220.45 1,658.66 889.95
2017-12-31 12,463.73 1,435.40 859.92
2017-09-30 11,789.69 1,338.15 837.21
2017-06-30 11,361.56 1,323.01 812.22
2017-03-31 11,024.80 1,270.77 799.01
2016-12-31 11,319.11 1,357.64 782.87
2016-09-30 11,164.11 1,291.27 776.52
2016-06-30 10,888.34 1,370.63 771.72
2016-03-31 10,672.22 1,303.44 774.85
2015-12-31 10,247.39 1,252.84 777.56
2015-09-30 10,026.53 1,340.45 766.12
2015-06-30 9,893.95 1,129.28 749.22
2015-03-31 9,523.83 1,157.65 727.66
2014-12-31 9,164.25 1,191.30 786.13
2014-09-30 9,281.67 1,176.47 782.76
2014-06-30 9,482.99 1,300.43 795.91
2014-03-31 10,268.62 1,487.51 830.96
2013-12-31 10,861.84 1,562.02 788.55
2013-09-30 11,343.67 1,657.88 805.52
2013-06-30 11,626.49 1,661.68 828.45
2013-03-31 11,334.99 1,607.09 802.77
2012-12-31 10,562.00 1,548.52 774.15
2012-09-30 8,770.26 750.71 702.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Thai Stanley Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thai Stanley Electric used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Thai Stanley Electric has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thai Stanley Electric's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thai Stanley Electric has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Thai Stanley Electric's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thai Stanley Electric's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thai Stanley Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thai Stanley Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thai Stanley Electric's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Thai Stanley Electric has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Thai Stanley Electric Company Filings, last reported 3 months ago.

BST:26T Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 15,966.56 0.00 5,297.00
2018-12-31 15,446.60 0.00 5,308.44
2018-09-30 14,892.43 0.00 5,736.67
2018-06-30 14,964.96 0.00 6,304.47
2018-03-31 14,531.38 0.00 6,224.48
2017-12-31 14,008.92 0.00 5,666.48
2017-09-30 13,644.03 0.00 5,387.84
2017-06-30 13,645.62 0.00 5,363.98
2017-03-31 13,341.48 0.00 4,922.62
2016-12-31 13,065.32 0.00 4,649.21
2016-09-30 12,680.82 0.00 4,452.64
2016-06-30 12,748.45 0.00 4,477.46
2016-03-31 12,507.95 0.00 3,959.89
2015-12-31 12,089.58 0.00 3,734.40
2015-09-30 11,826.10 0.00 3,722.86
2015-06-30 11,709.61 0.00 3,412.25
2015-03-31 11,539.33 0.00 3,077.67
2014-12-31 11,157.36 0.00 2,883.11
2014-09-30 10,813.76 0.00 2,448.48
2014-06-30 11,036.71 0.00 3,052.77
2014-03-31 10,831.84 0.00 2,827.09
2013-12-31 10,427.86 0.00 2,352.50
2013-09-30 10,097.06 0.00 2,247.47
2013-06-30 10,256.39 0.00 2,437.13
2013-03-31 9,835.58 0.00 1,816.54
2012-12-31 9,406.78 0.00 1,363.63
2012-09-30 8,963.39 0.00 1,381.46
  • Thai Stanley Electric has no debt.
  • Thai Stanley Electric has not taken on any debt in the past 5 years.
  • Thai Stanley Electric has no debt, it does not need to be covered by operating cash flow.
  • Thai Stanley Electric has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Thai Stanley Electric's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thai Stanley Electric has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Thai Stanley Electric's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.7%
Current annual income from Thai Stanley Electric dividends. Estimated to be 3.94% next year.
If you bought €2,000 of Thai Stanley Electric shares you are expected to receive €74 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Thai Stanley Electric's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Thai Stanley Electric's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:26T Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:26T Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 9.09 3.00
2020-03-31 8.32 2.00
BST:26T Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-05-17 8.250 3.605
2018-05-16 7.000 2.910
2017-05-19 5.000 2.239
2016-05-27 5.000 2.728
2015-05-25 4.800 2.665
2014-05-16 6.000 2.806
2013-05-17 6.750 3.008
2012-08-06 3.000 1.315
2012-05-18 3.000 1.533
2011-07-11 6.500 4.045
2010-05-24 5.000 3.006
2009-05-26 5.000 4.681

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Thai Stanley Electric's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Thai Stanley Electric's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thai Stanley Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thai Stanley Electric has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Thai Stanley Electric's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Koichi Nagano
COMPENSATION ฿275,000
AGE 59
CEO Bio

Mr. Koichi Nagano has been the President of Thai Stanley Electric Public Company Limited (formerly, Stanley Electric Co. Ltd) since 2013 and has been its a Director since July 3, 2009. Mr. Nagano served as an Executive General Manager of Lighting Equipment Division of Thai Stanley Electric Public Company Limited. He serves as a Member of Executive Board at Thai Stanley Electric Public Company Limited. He holds BE from Hosei university.

CEO Compensation
  • Koichi's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Koichi's remuneration is lower than average for companies of similar size in Germany.
Management Team

Apichart Leeissaranukul

TITLE
Executive Chairman
COMPENSATION
฿275K
AGE
56

Koichi Nagano

TITLE
President
COMPENSATION
฿275K
AGE
59

Tadao Suzumura

TITLE
Executive GM of Lighting Equipment Division
COMPENSATION
฿275K
AGE
59

Koji Kobayashi

TITLE
Executive GM of R&D Center and Member of Executive Board
AGE
56

Etsuya Kawashima

TITLE
Executive General Manager of Die & Mold Division and Member of Executive Board
AGE
52

Kazunori Nakaii

TITLE
Executive GM of Marketing Division & Member of Executive Board
AGE
57

Nongyao Apirum

TITLE
Chief of Office of Internal Audit
TENURE
7.5 yrs

Sudjai Srifuengfung

TITLE
Secretary
AGE
60
TENURE
11 yrs
Board of Directors Tenure

Average tenure and age of the Thai Stanley Electric board of directors in years:

14.7
Average Tenure
59
Average Age
  • The average tenure for the Thai Stanley Electric board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Apichart Leeissaranukul

TITLE
Executive Chairman
COMPENSATION
฿275K
AGE
56
TENURE
6.5 yrs

Koichi Nagano

TITLE
President
COMPENSATION
฿275K
AGE
59
TENURE
10 yrs

Tadao Suzumura

TITLE
Executive GM of Lighting Equipment Division
COMPENSATION
฿275K
AGE
59
TENURE
3.1 yrs

Krisada Visavateeranon

TITLE
Independent Director
COMPENSATION
฿680K
AGE
69
TENURE
19.8 yrs

Chokechai Tanpoonsinthana

TITLE
Independent Director
COMPENSATION
฿555K
AGE
71
TENURE
19.3 yrs

Porntip Sethiwan

TITLE
Director
COMPENSATION
฿270K
AGE
52
TENURE
26.5 yrs

Thanong Lee-issaranukul

TITLE
Director
COMPENSATION
฿275K
AGE
59
TENURE
36.5 yrs

Pimjai Leeissaranukul

TITLE
Director
COMPENSATION
฿275K
AGE
60
TENURE
36.5 yrs

Katsutoshi Iino

TITLE
Director
COMPENSATION
฿270K
AGE
58
TENURE
5 yrs

Toru Tanabe

TITLE
Director
COMPENSATION
฿255K
AGE
60
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Thai Stanley Electric's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thai Stanley Electric has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Thai Stanley Electric Public Company Limited manufactures and sells automotive bulbs, lighting equipment, molds and dies, and product designs primarily in Thailand. It offers various automotive lighting products, including head lamps and rear combination lamps; and motorcycle lighting products, such as head combination lamps, wind screens, front winkers, rear combination lamps, and rear winkers. The company was founded in 1980 and is based in Muang, Thailand.

Details
Name: Thai Stanley Electric Public Company Limited
26T
Exchange: BST
Founded: 1980
฿493,561,402
76,625,000
Website: http://www.thaistanley.com
Address: Thai Stanley Electric Public Company Limited
29/3 Moo 1 Bangpoon-Rungsit Road,
Banklang,
Muang,
12000,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET STANLY Ordinary Shares The Stock Exchange of Thailand TH THB 02. Jan 1992
SET STANLY-R THB5(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
THAMSE STANLY-F THB5(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 13. Oct 1992
BST 26T THB5(ALIEN MKT) Boerse-Stuttgart DE EUR 13. Oct 1992
Number of employees
Current staff
Staff numbers
0
Thai Stanley Electric employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 21:54
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/05/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.