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Thai Stanley Electric

Executive Summary

Thai Stanley Electric Public Company Limited manufactures and sells automotive bulbs, lighting equipment, molds and dies, and product designs primarily in Thailand.


Snowflake Analysis

Flawless balance sheet established dividend payer.

Share Price & News

How has Thai Stanley Electric's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 26T's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.5%

26T

-0.6%

DE Auto Components

2.6%

DE Market


1 Year Return

-35.4%

26T

-21.6%

DE Auto Components

8.1%

DE Market

Return vs Industry: 26T underperformed the German Auto Components industry which returned -21.6% over the past year.

Return vs Market: 26T underperformed the German Market which returned 8.1% over the past year.


Shareholder returns

26TIndustryMarket
7 Day-8.5%-0.6%2.6%
30 Day-19.6%-1.0%0.7%
90 Day4.3%1.3%11.5%
1 Year-32.1%-35.4%-18.2%-21.6%10.5%8.1%
3 Year-20.2%-28.9%-48.3%-53.1%6.4%-2.1%
5 Year1.0%-14.7%-51.3%-57.1%15.2%-0.3%

Price Volatility Vs. Market

How volatile is Thai Stanley Electric's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Thai Stanley Electric undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 26T (€3.86) is trading below our estimate of fair value (€8.17)

Significantly Below Fair Value: 26T is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 26T is good value based on its PE Ratio (7.7x) compared to the DE Auto Components industry average (17.3x).

PE vs Market: 26T is good value based on its PE Ratio (7.7x) compared to the German market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: 26T's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 26T's PB Ratio (0.6x) is in line with the DE Auto Components industry average.


Next Steps

Future Growth

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

-0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 26T's earnings are forecast to decline over the next 3 years (-0.2% per year).

Earnings vs Market: 26T's earnings are forecast to decline over the next 3 years (-0.2% per year).

High Growth Earnings: 26T's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 26T's revenue (9.7% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: 26T's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 26T's Return on Equity is forecast to be low in 3 years time (6.3%).


Next Steps

Past Performance

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

10.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 26T has high quality earnings.

Growing Profit Margin: 26T's current net profit margins (11%) are lower than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: 26T's earnings have grown by 10.6% per year over the past 5 years.

Accelerating Growth: 26T's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 26T had negative earnings growth (-23.4%) over the past year, making it difficult to compare to the Auto Components industry average (-53.8%).


Return on Equity

High ROE: 26T's Return on Equity (8.2%) is considered low.


Next Steps

Financial Health

How is Thai Stanley Electric's financial position?


Financial Position Analysis

Short Term Liabilities: 26T's short term assets (฿6.7B) exceed its short term liabilities (฿1.5B).

Long Term Liabilities: 26T's short term assets (฿6.7B) exceed its long term liabilities (฿793.4M).


Debt to Equity History and Analysis

Debt Level: 26T is debt free.

Reducing Debt: 26T has not had any debt for past 5 years.

Debt Coverage: 26T has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 26T has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

5.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 26T's dividend (5.52%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: 26T's dividend (5.52%) is in the top 25% of dividend payers in the German market (3.78%)


Stability and Growth of Payments

Stable Dividend: 26T's dividend payments have been volatile in the past 10 years.

Growing Dividend: 26T's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.7%), 26T's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 26T's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.6yrs

Average board tenure


CEO

Koichi Nagano (60 yo)

no data

Tenure

฿270,000

Compensation

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 a ...


Board Members

NamePositionTenureCompensationOwnership
Apichart Leeissaranukul
Executive Chairman7.58yrs฿270.00k7.09%
฿ 22.1m
Koichi Nagano
Presidentno data฿270.00k0.0013%
฿ 4.0k
Tadao Suzumura
Executive GM of Lighting Equipment Division4.17yrs฿270.00kno data
Pimjai Leeissaranukul
Director37.58yrs฿265.00k3.7%
฿ 11.5m
Chokechai Tanpoonsinthana
Independent Director20.42yrs฿560.00kno data
Krisada Visavateeranon
Independent Director20.83yrs฿680.00kno data
Pornthip Sethiwan
Director27.58yrs฿260.00k3.69%
฿ 11.5m
Thanong Lee-issaranukul
Director37.58yrs฿270.00k11.27%
฿ 35.1m
Katsutoshi Iino
Director6.08yrs฿255.00kno data
Picharn Sukparangsee
Independent Director10.17yrs฿275.00kno data
Suchart Phisitvanich
Independent Director10.17yrs฿560.00kno data
Toru Tanabe
Director8.17yrs฿265.00kno data

10.6yrs

Average Tenure

60yo

Average Age

Experienced Board: 26T's board of directors are seasoned and experienced ( 10.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Thai Stanley Electric Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thai Stanley Electric Public Company Limited
  • Ticker: 26T
  • Exchange: BST
  • Founded: 1980
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ฿11.455b
  • Listing Market Cap: ฿311.530m
  • Shares outstanding: 76.63m
  • Website: https://www.thaistanley.com

Location

  • Thai Stanley Electric Public Company Limited
  • 29/3 Moo 1 Bangpoon-Rungsit Road
  • Banklang
  • Muang
  • 12000
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STANLYSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
STANLY-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB5(ALIEN MKT)THTHBOct 1992
26TBST (Boerse-Stuttgart)THB5(ALIEN MKT)DEEUROct 1992
STANLY-RSET (The Stock Exchange of Thailand)THB5(NVDR)THTHBAug 2001

Biography

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 pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 20:35
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.