BST:9AHN

Stock Analysis Report

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Executive Summary

AAPICO Hitech Public Company Limited manufactures and distributes automobile parts, dies, and jigs in Thailand, China, and Malaysia.


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

How has AAPICO Hitech's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 9AHN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.4%

9AHN

-0.9%

DE Auto Components

0.7%

DE Market


1 Year Return

-44.8%

9AHN

-21.7%

DE Auto Components

3.9%

DE Market

Return vs Industry: 9AHN underperformed the German Auto Components industry which returned -22% over the past year.

Return vs Market: 9AHN underperformed the German Market which returned 3% over the past year.


Shareholder returns

9AHNIndustryMarket
7 Day-1.4%-0.9%0.7%
30 Day-1.4%-5.8%1.4%
90 Day58.6%13.5%17.3%
1 Year-43.6%-44.8%-20.2%-21.7%6.2%3.9%
3 Year-53.7%-59.0%-49.7%-53.3%1.8%-6.2%
5 Year-4.1%-20.9%-53.2%-57.6%9.3%-5.4%

Price Volatility Vs. Market

How volatile is AAPICO Hitech's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AAPICO Hitech 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: 9AHN (€0.28) is trading below our estimate of fair value (€0.56)

Significantly Below Fair Value: 9AHN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9AHN is unprofitable, so we can't compare its PE Ratio to the DE Auto Components industry average.

PE vs Market: 9AHN is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9AHN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9AHN is good value based on its PB Ratio (0.4x) compared to the DE Auto Components industry average (0.7x).


Next Steps

Future Growth

How is AAPICO Hitech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

99.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9AHN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: 9AHN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 9AHN's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if 9AHN's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if 9AHN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 9AHN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AAPICO Hitech performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9AHN is currently unprofitable.

Growing Profit Margin: 9AHN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 9AHN is unprofitable, but has reduced losses over the past 5 years at a rate of 13.1% per year.

Accelerating Growth: Unable to compare 9AHN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 9AHN is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-50.2%).


Return on Equity

High ROE: 9AHN has a negative Return on Equity (-0.8%), as it is currently unprofitable.


Next Steps

Financial Health

How is AAPICO Hitech's financial position?


Financial Position Analysis

Short Term Liabilities: 9AHN's short term assets (฿6.8B) do not cover its short term liabilities (฿10.0B).

Long Term Liabilities: 9AHN's short term assets (฿6.8B) exceed its long term liabilities (฿5.3B).


Debt to Equity History and Analysis

Debt Level: 9AHN's debt to equity ratio (120.2%) is considered high.

Reducing Debt: 9AHN's debt to equity ratio has increased from 63% to 120.2% over the past 5 years.

Debt Coverage: 9AHN's debt is not well covered by operating cash flow (17.4%).

Interest Coverage: 9AHN is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is AAPICO Hitech current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 9AHN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 9AHN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 9AHN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 9AHN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 9AHN is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 9AHN's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

7.3yrs

Average board tenure


CEO

Swee Yeap (72yo)

24.5yrs

Tenure

Mr. Swee Chuan Yeap is the Founder of AAPICO Hitech Public Company Limited. Mr. Yeap has been the President and Chief Executive Officer of AAPICO Hitech Public Company Limited since 1996. He serves as Vice ...


Board Members

NamePositionTenureCompensationOwnership
Swee Yeap
Chairman24.5yrsno data13.68% ฿10.5m
Lee Teo
Executive Director of HR & Administration and Executive Director24.5yrsno data9.82% ฿7.5m
John Parker
Independent Director9.25yrs฿295.00kno data
Wichian Mektrakarn
Independent Director5.25yrs฿365.00kno data
Shih Yek Ng
Independent Director11.58yrs฿460.00kno data
Vachira Na Ranong
Independent Director2.92yrs฿365.00kno data
Kaikhushru Taraporevala
Independent Director2.92yrs฿460.00kno data

7.3yrs

Average Tenure

66yo

Average Age

Experienced Board: 9AHN's board of directors are considered experienced (7.3 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

AAPICO Hitech Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AAPICO Hitech Public Company Limited
  • Ticker: 9AHN
  • Exchange: BST
  • Founded: 1996
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ฿2.710b
  • Listing Market Cap: ฿76.484m
  • Shares outstanding: 322.58m
  • Website: https://www.aapico.com

Location

  • AAPICO Hitech Public Company Limited
  • 99 Moo 1 Hitech Industrial Estate
  • Tambol Ban Lane
  • Ayutthaya
  • 13160
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AH-RSET (The Stock Exchange of Thailand)THB1(NVDR)THTHBOct 2002
AHSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBOct 2002
9AHNBST (Boerse-Stuttgart)THB1(NVDR)DEEUROct 2002
AH-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1(ALIEN)THTHBNov 2002

Biography

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; and operates Mitsubishi car dealership. AAPICO Hitech Public Company Limited was founded in 1996 and is based in Ayutthaya, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 21:55
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.