BST:T99A

Stock Analysis Report

Executive Summary

Thai Wire Products Public Company Limited manufactures and sells prestessed concrete wires for use in various construction works in Thailand and internationally.


Snowflake Analysis

Undervalued with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: T99A has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

T99A

0.5%

DE Building

-0.9%

DE Market


1 Year Return

-51.6%

T99A

10.2%

DE Building

12.8%

DE Market

Return vs Industry: T99A underperformed the German Building industry which returned 10.2% over the past year.

Return vs Market: T99A underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

T99AIndustryMarket
7 Day0%0.5%-0.9%
30 Day-6.3%3.5%0.6%
90 Day-14.4%5.1%2.9%
1 Year-45.9%-51.6%14.3%10.2%16.3%12.8%
3 Year-54.9%-61.6%22.4%9.8%15.8%5.7%
5 Year-69.4%-75.1%77.5%54.5%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Thai Wire Products undervalued compared to its fair value and its price relative to the market?

24.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: T99A (€0.04) is trading below our estimate of fair value (€0.06)

Significantly Below Fair Value: T99A is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: T99A is good value based on its PE Ratio (17.9x) compared to the Building industry average (20.9x).

PE vs Market: T99A is good value based on its PE Ratio (17.9x) compared to the German market (20.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate T99A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: T99A is good value based on its PB Ratio (0.4x) compared to the DE Building industry average (1.3x).


Next Steps

Future Growth

How is Thai Wire Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thai Wire Products has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Thai Wire Products performed over the past 5 years?

-42.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: T99A has a large one-off gain of ฿13.3M impacting its September 30 2019 financial results.

Growing Profit Margin: T99A's current net profit margins (1.5%) are lower than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: T99A's earnings have declined by -42.7% per year over the past 5 years.

Accelerating Growth: T99A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: T99A had negative earnings growth (-54.9%) over the past year, making it difficult to compare to the Building industry average (7.6%).


Return on Equity

High ROE: T99A's Return on Equity (2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Thai Wire Products's financial position?


Financial Position Analysis

Short Term Liabilities: T99A's short term assets (฿1.4B) exceed its short term liabilities (฿471.6M).

Long Term Liabilities: T99A's short term assets (฿1.4B) exceed its long term liabilities (฿86.6M).


Debt to Equity History and Analysis

Debt Level: T99A's debt to equity ratio (14.4%) is considered satisfactory.

Reducing Debt: T99A's debt to equity ratio has reduced from 17.2% to 14.4% over the past 5 years.

Debt Coverage: T99A's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if T99A's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: T99A has a high level of physical assets or inventory.

Debt Coverage by Assets: T99A's debt is covered by short term assets (assets are 6.2x debt).


Next Steps

Dividend

What is Thai Wire Products's current dividend yield, its reliability and sustainability?

13.59%

Current Dividend Yield


Dividend Yield vs Market

company13.6%marketbottom25%1.3%markettop25%3.6%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: T99A's dividend (13.59%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: T99A's dividend (13.59%) is in the top 25% of dividend payers in the German market (3.63%)


Stability and Growth of Payments

Stable Dividend: T99A has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: T99A's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (311.3%), T99A's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Akamin Nganthavee (37yo)

2.9yrs

Tenure

0

Mr. Akamin Nganthavee has been the Managing Director of Thai Wire Products Public Company Limited since March 6, 2017 and serves its Chief Executive Officer. Mr. Nganthavee served as the Executive Chairman ...


Leadership Team

NamePositionTenureCompensationOwnership
Akamin Nganthavee
CEO, MD & Director2.9yrsno datano data
Suwit Apichaidit
Accounting & Finance Manager1.1yrsno datano data
Sorarat Nganthavee
Director of Marketing & Director0yrsno datano data
Suchart Keophaithool
Senior Marketing & Sales Manager0yrsno datano data
Matee Puxdeeto
Manager of Human Resources0yrsno datano data
Chatchai Siriwatana
company Secretary & Director0yrsno datano data

1.1yrs

Average Tenure

Experienced Management: T99A's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Akamin Nganthavee
CEO, MD & Director2.9yrsno datano data
Sorarat Nganthavee
Director of Marketing & Director0yrsno datano data
Chatchai Siriwatana
company Secretary & Director0yrsno datano data
Suwat Chittamai
Director1.1yrsno datano data
Suri Buakhom
Chairman of the Board10.1yrsno datano data
Phanthum Phanthumchinda
Independent Director0yrsno datano data
Tanapong Bhukaswan
Director0yrsno data0.53% ฿86.3k
Chalit Satidthong
Independent Director1yrsno datano data
Chalio Ponwises
Independent Director1yrsno datano data
Pradit Vutdhipapornkul
Director1yrsno datano data

1.0yrs

Average Tenure

Experienced Board: T99A's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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 Wire Products Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thai Wire Products Public Company Limited
  • Ticker: T99A
  • Exchange: BST
  • Founded: 1985
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ฿556.200m
  • Listing Market Cap: ฿16.215m
  • Shares outstanding: 270.00m
  • Website: https://www.thaiwireproducts.com

Location

  • Thai Wire Products Public Company Limited
  • Zeer Street Building
  • 7th Floor
  • Pathum Thani
  • 12130
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TWPSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
T99ABST (Boerse-Stuttgart)THB1(ALIEN)DEEURJan 1992
TWP-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB10THTHBAug 2001

Biography

Thai Wire Products Public Company Limited manufactures and sells prestessed concrete wires for use in various construction works in Thailand and internationally. Its products primary include prestressed concrete single wires, seven-wire prestressed concrete strands, and steel wires. The company also produces galvanized steel wire and strand, which are used in communication systems and in electricity transmission and distribution systems. The company was founded in 1985 and is headquartered in Pathum Thani, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 22:10
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
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.