BST:2DC1

Stock Analysis Report

Executive Summary

Dynasty Ceramic Public Company Limited manufactures, sells, and distributes ceramic wall and floor tiles in Thailand and internationally.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Share Price & News

How has Dynasty Ceramic's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.5%

BST:2DC1

1.7%

DE Building

0.8%

DE Market


1 Year Return

-10.8%

BST:2DC1

-20.3%

DE Building

-10.9%

DE Market

2DC1 outperformed the Building industry which returned -20.3% over the past year.

2DC1 matched the Germany Market (-10.9%) over the past year.


Share holder returns

2DC1IndustryMarket
7 Day-0.5%1.7%0.8%
30 Day-8.0%-7.7%-5.0%
90 Day15.0%-7.8%-2.9%
1 Year-2.6%-10.8%-18.0%-20.3%-8.1%-10.9%
3 Year-47.3%-55.4%8.1%0.2%10.4%0.9%
5 Year-31.9%-47.7%28.8%14.0%25.5%8.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Dynasty Ceramic undervalued based on future cash flows and its price relative to the stock market?

13.86x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Dynasty Ceramic's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Dynasty Ceramic's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Dynasty Ceramic is good value based on earnings compared to the DE Building industry average.

Dynasty Ceramic is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Dynasty Ceramic is poor value based on expected growth next year.


Price Based on Value of Assets

Dynasty Ceramic is overvalued based on assets compared to the DE Building industry average.


Next Steps

Future Growth

How is Dynasty Ceramic expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Dynasty Ceramic's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Dynasty Ceramic's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).

Dynasty Ceramic's revenue growth is expected to exceed the Germany market average.

Dynasty Ceramic's earnings growth is positive but not above the Germany market average.

Dynasty Ceramic's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Dynasty Ceramic is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Dynasty Ceramic performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Dynasty Ceramic's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Dynasty Ceramic's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Dynasty Ceramic's 1-year earnings growth is negative, it can't be compared to the DE Building industry average.


Return on Equity

Dynasty Ceramic has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Dynasty Ceramic used its assets more efficiently than the DE Building industry average last year based on Return on Assets.


Return on Capital Employed

Dynasty Ceramic's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Dynasty Ceramic's financial position?


Financial Position Analysis

Dynasty Ceramic's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Dynasty Ceramic's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Dynasty Ceramic's level of debt (32.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (39% vs 32.8% today).

Debt is well covered by operating cash flow (82.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 35.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.5x debt.


Next Steps

Dividend

What is Dynasty Ceramic's current dividend yield, its reliability and sustainability?

6.27%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Dynasty Ceramic's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.53%).

Dynasty Ceramic's dividend is above the markets top 25% of dividend payers in Germany (4.08%).

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

Dividends paid are covered by earnings (1.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1.1x coverage).


Next Steps

Management

What is the CEO of Dynasty Ceramic's salary, the management and board of directors tenure and is there insider trading?

9.6yrs

Average management tenure


CEO

Roongroj Saengsastra (69yo)

0.0yrs

Tenure

฿1,020,000

Compensation

Mr. Roongroj Saengsastra served as Managing Director and Director of The Royal Ceramic Industry Public Company Limited since April 28, 2017. Mr. Saengsastra serves as Chief Executive Officer of Dynasty Cer ...


Management Age and Tenure

9.6yrs

Average Tenure

43yo

Average Age

The average tenure for the Dynasty Ceramic management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

14.0yrs

Average Tenure

69.5yo

Average Age

The average tenure for the Dynasty Ceramic board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Cattleya Saengsastra (71yo)

    Company Secretary & Executive Director

    • Tenure: 21.6yrs
    • Compensation: ฿950.00k
  • Roongroj Saengsastra (69yo)

    Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: ฿1.02m
  • Suthee Boonnak

    Senior Vice President of Research & Technical Center

    • Tenure: 0.0yrs
  • Somruthai Boonyarit

    Chief Internal Auditor & Secretary

    • Tenure: 0.0yrs
  • Maruth Saengsastra (42yo)

    Chief Marketing & Sales Officer and Executive Director

    • Tenure: 4.3yrs
    • Compensation: ฿950.00k
  • Monrak Saengsastra (44yo)

    Chief of Business Development

    • Tenure: 6.6yrs
    • Compensation: ฿950.00k
  • Jaruwat Traithavil (38yo)

    Chief Production Officer & Executive Director

    • Tenure: 2.0yrs
    • Compensation: ฿600.00k
  • Bongkot Sittikornprasart (32yo)

    Chief Accounting & Finance Officer

    • Tenure: 0.0yrs

Board Members

  • Cattleya Saengsastra (71yo)

    Company Secretary & Executive Director

    • Tenure: 21.6yrs
    • Compensation: ฿950.00k
  • Chaisith Viriyamettakul (70yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: ฿650.00k
  • Yuthasak Sasiprapha (82yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: ฿890.00k
  • Surasak Kosiyajinda (76yo)

    Independent Director

    • Tenure: 21.3yrs
    • Compensation: ฿850.00k
  • Roongroj Saengsastra (69yo)

    Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: ฿1.02m
  • Suvit Smarnpanchai (72yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: ฿650.00k
  • Maruth Saengsastra (42yo)

    Chief Marketing & Sales Officer and Executive Director

    • Tenure: 4.3yrs
    • Compensation: ฿950.00k
  • Monrak Saengsastra (44yo)

    Chief of Business Development

    • Tenure: 6.6yrs
    • Compensation: ฿950.00k
  • Jaruwat Traithavil (38yo)

    Chief Production Officer & Executive Director

    • Tenure: 2.0yrs
    • Compensation: ฿600.00k
  • Siripong Tinnarat (69yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: ฿750.00k

Company Information

Dynasty Ceramic Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dynasty Ceramic Public Company Limited
  • Ticker: 2DC1
  • Exchange: BST
  • Founded: 1989
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ฿14.607b
  • Listing Market Cap: ฿428.618m
  • Shares outstanding: 7.23b
  • Website: https://www.dynastyceramic.com

Location

  • Dynasty Ceramic Public Company Limited
  • 37/7 Suthisarn-Vinijchai Road
  • Samsen-Nok Sub-district
  • Bangkok
  • 10310
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DCCSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
DCC-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB1THTHBAug 2001
2DC1BST (Boerse-Stuttgart)THB0.1(ALIEN MKT)DEEURJan 2006

Biography

Dynasty Ceramic Public Company Limited manufactures, sells, and distributes ceramic wall and floor tiles in Thailand and internationally. The company offers its products under the Dynasty, Tomahawk, Jaguar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 21:18
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.