DB:47TA

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TISCO Financial Group

Executive Summary

TISCO Financial Group Public Company Limited provides commercial banking products and services for individuals and businesses in Thailand.


Snowflake Analysis

6 star dividend payer with excellent balance sheet.


Similar Companies

Share Price & News

How has TISCO Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 47TA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

9.4%

47TA

15.1%

DE Banks

6.8%

DE Market


1 Year Return

-7.9%

47TA

-14.2%

DE Banks

5.6%

DE Market

Return vs Industry: 47TA exceeded the German Banks industry which returned -20.3% over the past year.

Return vs Market: 47TA underperformed the German Market which returned 4.1% over the past year.


Shareholder returns

47TAIndustryMarket
7 Day9.4%15.1%6.8%
30 Day14.9%25.9%14.0%
90 Day-16.5%5.6%7.5%
1 Year2.0%-7.9%-13.6%-14.2%7.4%5.6%
3 Year48.0%16.7%-36.7%-39.4%0.3%-7.3%
5 Year167.0%90.3%-31.7%-44.9%12.4%-2.0%

Price Volatility Vs. Market

How volatile is TISCO Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is TISCO Financial Group undervalued compared to its fair value and its price relative to the market?

28.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 47TA (€2.32) is trading below our estimate of fair value (€3.22)

Significantly Below Fair Value: 47TA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 47TA is good value based on its PE Ratio (9.5x) compared to the Banks industry average (19.3x).

PE vs Market: 47TA is good value based on its PE Ratio (9.5x) compared to the German market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: 47TA is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 47TA is overvalued based on its PB Ratio (1.6x) compared to the DE Banks industry average (0.9x).


Next Steps

Future Growth

How is TISCO Financial Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

5.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 47TA's forecast earnings growth (5.8% per year) is above the savings rate (0.2%).

Earnings vs Market: 47TA's earnings (5.8% per year) are forecast to grow slower than the German market (22.7% per year).

High Growth Earnings: 47TA's earnings are forecast to grow, but not significantly.

Revenue vs Market: 47TA's revenue (2.2% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: 47TA's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 47TA's Return on Equity is forecast to be low in 3 years time (16.5%).


Next Steps

Past Performance

How has TISCO Financial Group performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 47TA has high quality earnings.

Growing Profit Margin: 47TA's current net profit margins (39.7%) are higher than last year (39.4%).


Past Earnings Growth Analysis

Earnings Trend: 47TA's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: 47TA's earnings growth over the past year (3.1%) is below its 5-year average (12% per year).

Earnings vs Industry: 47TA earnings growth over the past year (3.1%) underperformed the Banks industry 4%.


Return on Equity

High ROE: 47TA's Return on Equity (17.1%) is considered low.


Next Steps

Financial Health

How is TISCO Financial Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: 47TA's Assets to Equity ratio (7.4x) is low.

Allowance for Bad Loans: 47TA has a sufficient allowance for bad loans (184%).

Low Risk Liabilities: 84% of 47TA's liabilities are made up of primarily low risk sources of funding.

Loan Level: 47TA has an appropriate level of Loans to Assets ratio (75%).

Low Risk Deposits: 47TA's Loans to Deposits ratio (103%) is appropriate.

Level of Bad Loans: 47TA has a high level of bad loans (2.4%).


Next Steps

Dividend

What is TISCO Financial Group's current dividend yield, its reliability and sustainability?

9.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 47TA's dividend (9.34%) is higher than the bottom 25% of dividend payers in the German market (1.26%).

High Dividend: 47TA's dividend (9.34%) is in the top 25% of dividend payers in the German market (3.8%)


Stability and Growth of Payments

Stable Dividend: 47TA's dividends per share have been stable in the past 10 years.

Growing Dividend: 47TA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.3%), 47TA's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 47TA's dividends in 3 years are forecast to be covered by earnings (80% payout ratio).


Next Steps

Management

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

7.7yrs

Average management tenure


CEO

Suthas Ruangmanamongkol (58yo)

3.42yrs

Tenure

฿600,000

Compensation

Mr. Suthas Ruangmanamongkol has been Group Chief Executive at TISCO Financial Group PCL since January 2017. Mr. Ruangmanamongkol was Chief Operating Officer of TISCO Financial Group Public Company Limited  ...


Leadership Team

NamePositionTenureCompensationOwnership
Suthas Ruangmanamongkol
Group CEO3.42yrs฿600.00kno data
Sakchai Peechapat
President1.17yrs฿415.00kno data
Chi-Hao Sun
Member of Executive Board & Executive Director9yrs฿1.55mno data
Satoshi Yoshitake
Member of Executive Board & Executive Director1.17yrs฿415.00kno data
Chatri Chandrangam
First Executive VP of Risk & Financial Control and Acting Head of Investmentno datano datano data
Chutintorn Vigasi
Head of Corporate Accounting11.42yrsno datano data
Thirapatou Sihanartkatakul
IR Expertno datano datano data
Dulyarat Taveebhol
Head of Corporate Compliance6.92yrsno datano data
Nudtinee Suwanpanitch
Head of Legal Office10.42yrsno datano data
Nartrudee Siwabut
Head of Corporate Communications11.42yrsno datano data

7.7yrs

Average Tenure

55yo

Average Age

Experienced Management: 47TA's management team is seasoned and experienced (7.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Suthas Ruangmanamongkol
Group CEO3.42yrs฿600.00kno data
Sakchai Peechapat
President1.17yrs฿415.00kno data
Chi-Hao Sun
Member of Executive Board & Executive Director9yrs฿1.55mno data
Satoshi Yoshitake
Member of Executive Board & Executive Director1.17yrs฿415.00kno data
Pliu Mangkornkanok
Independent Chairman of the Board10yrs฿3.30mno data
Krisna Theravuthi
Advisor to Board of Directors7yrs฿480.00kno data
Angkarat Priebjrivat
Independent Director11.75yrs฿1.79mno data
Pranee Tinakorn
Independent Director11.5yrs฿1.34mno data
Hon Shing
Vice Chairman of the Board10.42yrs฿1.15mno data
Teerana Bhongmakapat
Non-Executive Director7.08yrs฿1.42mno data

9.5yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 47TA's board of directors are considered experienced (9.5 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

TISCO Financial Group Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TISCO Financial Group Public Company Limited
  • Ticker: 47TA
  • Exchange: DB
  • Founded: 1969
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿66.454b
  • Listing Market Cap: ฿1.858b
  • Shares outstanding: 800.66m
  • Website: https://www.tisco.co.th

Number of Employees


Location

  • TISCO Financial Group Public Company Limited
  • 48/49 TISCO Tower
  • 21st Floor
  • Bangkok
  • 10500
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TISCOSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJul 1996
TISCO-RSET (The Stock Exchange of Thailand)THB10(NVDR)THTHBJan 2009
47TADB (Deutsche Boerse AG)THB10(NVDR)DEEURJan 2009
TISCO-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB10(ALIEN MARKET)THTHBJan 2009
47TDB (Deutsche Boerse AG)THB10(ALIEN MARKET)DEEURJan 2009
TSCF.YOTCPK (Pink Sheets LLC)ADRUSUSDAug 2012

Biography

TISCO Financial Group Public Company Limited provides commercial banking products and services for individuals and businesses in Thailand. It operates through Commercial Banking Business, Securities Business, and Asset Management Business segments. The company accepts deposit products, such as current accounts, savings accounts, fixed deposit accounts, and certificates of deposit, as well as cards and bill payment services. It also provides personal loans, such as home loan, new and used car loans, and loans against inheritance pension; and corporate loans, including project and long term loans, short term loans, and guarantee products. In addition, the company offers investment services, including stock and derivative brokerage, mutual funds, private funds, and provident funds, as well as long term equity funds/retirement mutual funds; and insurance services, such as life, retirement, health and critical illness, cancer, personal accident, car, and travel insurance. Further, it provides investment banking services that financial advisory and underwriting for merger and acquisition, privatization advisory and implementation, project financing, debt restructuring, feasibility study, project valuation, general advisory, etc.; and private banking, and wealth and asset management services. Additionally, the company offers mobile banking, custodian, assets for sale, car auction services, hire purchase and retail loan, SME lending, and insurance brokerage services. TISCO Financial Group Public Company Limited was founded in 1969 and is based in Bangkok, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 23:51
End of Day Share Price2020/06/04 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.