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AAPICO Hitech

BST:9AHN
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9AHN
BST
฿6B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

AAPICO Hitech Public Company Limited manufactures and distributes automobile parts, dies, and jigs in Thailand, China, and Malaysia. The last earnings update was 42 days ago. More info.


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9AHN Share Price and Events
7 Day Returns
-1.6%
BST:9AHN
-0.8%
DE Auto Components
-0.4%
DE Market
1 Year Returns
-39.4%
BST:9AHN
-37.4%
DE Auto Components
-6.2%
DE Market
9AHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AAPICO Hitech (9AHN) -1.6% 9.1% 4.2% -39.4% 85.4% 49.6%
DE Auto Components -0.8% -0.5% -6% -37.4% -25.1% -31%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • 9AHN underperformed the Auto Components industry which returned -37.4% over the past year.
  • 9AHN underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
9AHN
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AAPICO Hitech's competitors could be found in our database.

9AHN Value

 Is AAPICO Hitech 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 AAPICO Hitech 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 AAPICO Hitech.

BST:9AHN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
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:9AHN
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 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.205 (1 + (1- 20%) (109.73%))
1.846
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.846 * 5.96%)
11.23%

Discounted Cash Flow Calculation for BST:9AHN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AAPICO Hitech 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:9AHN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 11.23%)
2019 693.50 Analyst x2 623.50
2020 653.50 Analyst x2 528.22
2021 1,274.00 Analyst x1 925.83
2022 1,504.78 Est @ 18.11% 983.15
2023 1,696.63 Est @ 12.75% 996.60
2024 1,849.20 Est @ 8.99% 976.57
2025 1,966.87 Est @ 6.36% 933.86
2026 2,055.82 Est @ 4.52% 877.56
2027 2,122.31 Est @ 3.23% 814.50
2028 2,171.81 Est @ 2.33% 749.36
Present value of next 10 years cash flows ฿8,409.14
BST:9AHN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿2,171.81 × (1 + 0.23%) ÷ (11.23% – 0.23%)
฿19,789.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿19,789.13 ÷ (1 + 11.23%)10
฿6,827.99
BST:9AHN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿8,409.14 + ฿6,827.99
฿15,237.13
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿15,237.13 / 316.60
฿48.13
BST:9AHN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:9AHN represents 0.02676x of SET:AH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02676x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 48.13 x 0.02676
€1.29
Value per share (EUR) From above. €1.29
Current discount Discount to share price of €0.52
= -1 x (€0.52 - €1.29) / €1.29
59.7%

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

Current Discount
Amount off the current price AAPICO Hitech is available for.
Intrinsic value
>50%
Share price is €0.52 vs Future cash flow value of €1.29
Current Discount Checks
For AAPICO Hitech to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AAPICO Hitech's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AAPICO Hitech's share price is below the future cash flow value, and 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 AAPICO Hitech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AAPICO Hitech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:9AHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿3.53
SET:AH Share Price ** SET (2019-06-26) in THB ฿19.4
Germany Auto Components Industry PE Ratio Median Figure of 11 Publicly-Listed Auto Components Companies 14.88x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.49x

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

** Primary Listing of AAPICO Hitech.

BST:9AHN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 19.4 ÷ 3.53

5.49x

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

  • AAPICO Hitech is good value based on earnings compared to the DE Auto Components industry average.
  • AAPICO Hitech is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AAPICO Hitech's expected growth come at a high price?
Raw Data
BST:9AHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
12.6%per year
Germany Auto Components Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Components Companies 0.63x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

BST:9AHN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.49x ÷ 12.6%

0.44x

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

  • AAPICO Hitech is good value based on expected growth next year.
Price based on value of assets
What value do investors place on AAPICO Hitech's assets?
Raw Data
BST:9AHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿25.72
SET:AH Share Price * SET (2019-06-26) in THB ฿19.4
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 1.29x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
BST:9AHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.4 ÷ 25.72

0.75x

* Primary Listing of AAPICO Hitech.

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

  • AAPICO Hitech is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess AAPICO Hitech'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. AAPICO Hitech has a total score of 6/6, 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.

9AHN Future Performance

 How is AAPICO Hitech expected to perform in the next 1 to 3 years based on estimates from 5 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
12.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AAPICO Hitech expected to grow at an attractive rate?
  • AAPICO Hitech's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AAPICO Hitech's earnings growth is positive but not above the Germany market average.
  • AAPICO Hitech's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:9AHN Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:9AHN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 12.6%
BST:9AHN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:9AHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:9AHN Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 18,614 1,574 1,492 2
2020-12-31 18,451 1,315 1,407 5
2019-12-31 17,668 1,235 1,159 4
BST:9AHN Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 17,317 1,103 1,119
2018-12-31 17,370 1,492 1,299
2018-09-30 17,357 1,566 1,380
2018-06-30 17,225 1,747 1,320
2018-03-31 16,759 1,366 1,331
2017-12-31 16,288 1,208 1,158
2017-09-30 15,804 1,438 925
2017-06-30 15,225 1,382 813
2017-03-31 15,173 1,272 621
2016-12-31 15,137 1,212 543
2016-09-30 15,199 1,053 479
2016-06-30 15,252 880 454

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AAPICO Hitech's earnings are expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
  • AAPICO Hitech's revenue is expected to grow by 3% 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:9AHN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from AAPICO Hitech Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:9AHN Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.71 4.89 4.53 2.00
2020-12-31 4.40 4.68 4.06 5.00
2019-12-31 3.63 3.97 3.29 3.00
BST:9AHN Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 3.53
2018-12-31 4.10
2018-09-30 4.36
2018-06-30 4.17
2018-03-31 4.20
2017-12-31 3.66
2017-09-30 2.92
2017-06-30 2.56
2017-03-31 1.95
2016-12-31 1.70
2016-09-30 1.49
2016-06-30 1.41

*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.
  • AAPICO Hitech is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AAPICO Hitech'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.
AAPICO Hitech has a total score of 1/6, 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.

9AHN Past Performance

  How has AAPICO Hitech 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 AAPICO Hitech'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.
  • AAPICO Hitech has delivered over 20% year on year earnings growth in the past 5 years.
  • AAPICO Hitech's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AAPICO Hitech's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
AAPICO Hitech'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 AAPICO Hitech Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:9AHN 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 17,316.85 1,118.66 886.40
2018-12-31 17,369.59 1,299.16 868.98
2018-09-30 17,356.76 1,379.86 918.07
2018-06-30 17,225.01 1,320.34 954.44
2018-03-31 16,759.40 1,330.65 969.01
2017-12-31 16,287.98 1,157.61 927.73
2017-09-30 15,804.11 924.51 873.39
2017-06-30 15,225.03 812.67 810.10
2017-03-31 15,172.73 620.98 784.32
2016-12-31 15,137.08 543.09 779.96
2016-09-30 15,199.17 478.60 780.48
2016-06-30 15,251.76 453.58 792.46
2016-03-31 15,145.60 367.02 785.71
2015-12-31 14,993.71 313.07 786.12
2015-09-30 14,601.59 265.91 751.21
2015-06-30 14,968.50 242.42 727.04
2015-03-31 15,262.73 306.45 763.88
2014-12-31 15,196.45 366.96 744.13
2014-09-30 15,035.85 336.88 771.93
2014-06-30 14,924.16 398.48 809.90
2014-03-31 15,102.80 484.89 793.14
2013-12-31 16,096.36 610.71 858.65
2013-09-30 17,688.04 986.62 786.15
2013-06-30 18,320.72 1,013.57 864.26
2013-03-31 18,418.97 1,105.97 852.35
2012-12-31 16,811.10 921.27 821.79
2012-09-30 13,752.20 -119.34 1,168.54
2012-06-30 12,352.53 -154.43 1,078.86

*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.
  • AAPICO Hitech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AAPICO Hitech used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • AAPICO Hitech has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AAPICO Hitech'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.
AAPICO Hitech has a total score of 3/6, 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.

9AHN Health

 How is AAPICO Hitech'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 AAPICO Hitech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AAPICO Hitech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AAPICO Hitech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AAPICO Hitech'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.
  • Debt is covered by short term assets, assets are 1.2x debt.
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 AAPICO Hitech Company Filings, last reported 2 months ago.

BST:9AHN Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8,382.33 6,725.44 578.79
2018-12-31 7,946.63 6,407.35 614.67
2018-09-30 7,595.99 4,727.15 769.35
2018-06-30 7,674.86 4,348.34 599.95
2018-03-31 7,573.73 4,547.47 506.15
2017-12-31 7,182.76 4,955.21 495.36
2017-09-30 6,792.75 5,321.17 652.00
2017-06-30 6,726.66 5,427.22 457.49
2017-03-31 6,514.37 2,344.95 467.93
2016-12-31 6,236.13 2,526.17 479.24
2016-09-30 6,100.60 2,830.79 464.35
2016-06-30 6,131.90 3,129.73 522.18
2016-03-31 6,114.69 3,011.73 337.51
2015-12-31 5,982.84 3,296.58 376.32
2015-09-30 5,910.55 3,328.28 464.23
2015-06-30 5,815.44 3,560.29 360.82
2015-03-31 5,779.19 3,642.00 288.91
2014-12-31 5,681.39 3,813.39 328.95
2014-09-30 5,661.84 3,796.69 181.60
2014-06-30 5,667.17 4,354.74 269.11
2014-03-31 5,594.45 4,371.76 185.83
2013-12-31 5,470.61 4,642.76 243.72
2013-09-30 5,419.30 4,968.49 203.65
2013-06-30 5,369.14 5,245.73 255.02
2013-03-31 5,182.31 5,184.22 246.22
2012-12-31 4,969.69 5,348.98 225.91
2012-09-30 4,579.28 5,694.03 366.43
2012-06-30 4,555.10 5,425.13 221.60
  • AAPICO Hitech's level of debt (80.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (78.6% vs 80.4% today).
  • Debt is not well covered by operating cash flow (16.4%, less than 20% of total debt).
  • AAPICO Hitech earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess AAPICO Hitech'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. AAPICO Hitech has a total score of 3/6, 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.

9AHN Dividends

 What is AAPICO Hitech'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
6.7%
Current annual income from AAPICO Hitech dividends. Estimated to be 7.7% next year.
If you bought €2,000 of AAPICO Hitech shares you are expected to receive €134 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?
  • AAPICO Hitech's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • AAPICO Hitech's dividend is above the markets top 25% of dividend payers in Germany (3.88%).
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:9AHN 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 5 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

BST:9AHN Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.61 2.00
2020-12-31 1.64 5.00
2019-12-31 1.18 3.00
BST:9AHN Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-03-01 1.300 6.623
2018-11-13 1.400 6.608
2018-08-14 1.400 4.864
2018-03-22 1.200 3.438
2017-11-14 1.200 3.535
2017-08-15 1.200 4.275
2017-02-28 0.660 3.271
2016-11-11 0.660 4.402
2016-08-11 0.660 4.842
2016-03-28 0.300 2.516
2015-03-02 0.300 2.405
2014-08-14 0.340 2.270
2014-03-03 0.490 3.266
2013-08-15 0.600 3.808
2013-03-04 0.617 2.729
2012-11-15 0.817 4.349
2012-10-15 0.817 4.599
2012-08-15 0.817 4.681
2012-07-16 0.817 6.308
2012-05-16 0.000 0.000
2012-04-17 0.000 0.000
2012-03-01 0.000 0.000
2012-01-16 0.000 0.000
2011-12-09 0.267 3.040
2011-08-23 0.267 3.115
2011-08-15 0.267 2.446
2011-03-02 0.350 3.134
2010-11-15 0.433 3.423
2010-08-16 0.433 3.434
2010-05-17 0.000 0.000
2010-03-03 0.000 0.000
2009-11-13 0.000 0.000
2009-08-14 0.000 0.000
2009-03-02 0.000 0.000

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

  • AAPICO Hitech has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but AAPICO Hitech only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of AAPICO Hitech's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess AAPICO Hitech'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 AAPICO Hitech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AAPICO Hitech 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.

9AHN Management

 What is the CEO of AAPICO Hitech'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
Swee Yeap
COMPENSATION ฿0
AGE 70
TENURE AS CEO 23.4 years
CEO Bio

Mr. Chuan Yeap Swee is the Founder of AAPICO Hitech Public Company Limited. Mr. Swee has been the President and Chief Executive Officer of AAPICO Hitech Public Company Limited since 1996. He has over two decades of experience in the regional automotive industry. Mr. Swee has a wealth of regional management and operating experience and a strong network of close working relationships with international car manufacturers. He has been the Chairman of AAPICO Hitech Public Company Limited since December 22, 2006 and has also been it Executive Director since August 1, 2002. He serves as Chairman of the Malaysian-Thailand Chamber of Commerce and its on the Board of Trade of Thailand as a Director. He served as Chairman of Jackspeed Corp. from July 7, 2006 to February 15, 2008. Mr. Swee serves as an Independent Director at Goodyear Thailand Public Company Limited. He served as a Director of Jackspeed Corp. from July 0, 2006 to February 15, 2008. Mr. Swee holds a Bachelor of Technology degree from New Zealand. He also holds Bachelor Degree in Engineering from Massey University and a Bachelor Degree in Industrial Management from Massey University.

CEO Compensation
  • Insufficient data for Swee to compare compensation growth.
  • Swee's remuneration is lower than average for companies of similar size in Germany.
Management Team

Swee Yeap

TITLE
Chairman
AGE
70
TENURE
23.4 yrs

Xin Yeap

TITLE
CFO & Director of Purchasing

Veera Buanwongse

TITLE
Director of Manufacturing & Operations

Lee Teo

TITLE
Executive Director of Human Resources & Administration and Executive Director
AGE
68

Sattha Peth-in

TITLE
Assistant General Manager of Sales & Marketing Department

Phanthip Sintawanarong

TITLE
Company Secretary
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the AAPICO Hitech board of directors in years:

8.2
Average Tenure
66
Average Age
  • The tenure for the AAPICO Hitech board of directors is about average.
Board of Directors

Lee Teo

TITLE
Executive Director of Human Resources & Administration and Executive Director
AGE
68
TENURE
23.4 yrs

Pipat Punya

TITLE
Independent Director
COMPENSATION
฿893K
AGE
69
TENURE
23.4 yrs

Swee Yeap

TITLE
Chairman
AGE
70

John Parker

TITLE
Independent Director
COMPENSATION
฿788K
AGE
71
TENURE
8.2 yrs

Kenneth Ng

TITLE
Independent Director
COMPENSATION
฿883K
AGE
49
TENURE
10.5 yrs

Vachira Na Ranong

TITLE
Independent Director
COMPENSATION
฿788K
AGE
63
TENURE
1.8 yrs

Kai Taraporevala

TITLE
Independent Director
COMPENSATION
฿883K
AGE
53
TENURE
1.8 yrs

Wichian Mektrakarn

TITLE
Independent Director
COMPENSATION
฿788K
AGE
64
TENURE
4.2 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 AAPICO Hitech'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. AAPICO Hitech 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.

9AHN News

Simply Wall St News

9AHN Company Info

Description

AAPICO Hitech Public Company Limited manufactures and distributes automobile parts, dies, and jigs in Thailand, China, and Malaysia. The company operates in three segments: Manufacture of Automobiles Assembly Tools and Parts; Sales of Automobiles and Provision of Automobiles Repair Service; and Others. Its products include original equipment manufacturer (OEM) auto parts comprising steel fuel tanks and tank senders, chassis frames, forged and machined parts, pressed and stamping parts, plastic parts and plastic fuel tanks, fuel lines, brake lines, engine parts, roof ditch moldings, belt line moldings, door sash products, and brazed steel tubing products; manually-operated body assembly jigs; and stamping dies. The company is also involved in the sale of automobiles; provision of automobile repair, training, and IT consulting and advisory services; venture capital business; and import and export of vehicles and parts. In addition, it manufactures 3D car navigation and digital map solutions under the POWERMAP brand with voice activation software, as well as Oracle ERP systems. AAPICO Hitech Public Company Limited was founded in 1996 and is based in Ayutthaya, Thailand.

Details
Name: AAPICO Hitech Public Company Limited
9AHN
Exchange: BST
Founded: 1996
฿175,541,716
316,601,144
Website: http://www.aapico.com
Address: AAPICO Hitech Public Company Limited
99 Moo 1 Hitech Industrial Estate,
Tambol Ban Lane,
Ayutthaya,
13160,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET AH Ordinary Shares The Stock Exchange of Thailand TH THB 17. Oct 2002
SET AH-R THB1(NVDR) The Stock Exchange of Thailand TH THB 17. Oct 2002
THAMSE AH-F THB1(ALIEN) Bangkok-Alien Market Stock Exchange TH THB 14. Nov 2002
BST 9AHN THB1(NVDR) Boerse-Stuttgart DE EUR 17. Oct 2002
Number of employees
Current staff
Staff numbers
0
AAPICO Hitech employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 21:42
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.