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Sino-Thai Engineering and Construction

DB:NYVK
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NYVK
DB
฿40B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Sino-Thai Engineering and Construction Public Company Limited, together with its subsidiaries, provides construction services in Thailand. The last earnings update was 42 days ago. More info.


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NYVK Share Price and Events
7 Day Returns
-2.6%
DB:NYVK
-2.5%
DE Construction
-0.4%
DE Market
1 Year Returns
34.7%
DB:NYVK
-28%
DE Construction
-6.2%
DE Market
NYVK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sino-Thai Engineering and Construction (NYVK) -2.6% 6.4% 12.9% 34.7% 25.4% 46.1%
DE Construction -2.5% -3.8% -14.9% -28% -2.7% 62.7%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • NYVK outperformed the Construction industry which returned -28% over the past year.
  • NYVK outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
NYVK
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sino-Thai Engineering and Construction's competitors could be found in our database.

NYVK Value

 Is Sino-Thai Engineering and Construction 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 Sino-Thai Engineering and Construction 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 Sino-Thai Engineering and Construction.

DB:NYVK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
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 DB:NYVK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.015 (1 + (1- 20%) (3.82%))
1.031
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.031 * 5.96%)
6.37%

Discounted Cash Flow Calculation for DB:NYVK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sino-Thai Engineering and Construction 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.

DB:NYVK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 6.37%)
2019 -637.00 Analyst x4 -598.85
2020 106.21 Analyst x4 93.87
2021 1,619.93 Analyst x3 1,345.96
2022 741.10 Est @ -54.25% 578.88
2023 460.17 Est @ -37.91% 337.92
2024 338.38 Est @ -26.47% 233.60
2025 275.92 Est @ -18.46% 179.07
2026 240.45 Est @ -12.85% 146.71
2027 218.99 Est @ -8.93% 125.61
2028 205.45 Est @ -6.18% 110.79
Present value of next 10 years cash flows ฿2,553.57
DB:NYVK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿205.45 × (1 + 0.23%) ÷ (6.37% – 0.23%)
฿3,352.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿3,352.35 ÷ (1 + 6.37%)10
฿1,807.75
DB:NYVK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿2,553.57 + ฿1,807.75
฿4,361.31
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿4,361.31 / 1,525.11
฿2.86
DB:NYVK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NYVK represents 0.02811x of SET:STEC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02811x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 2.86 x 0.02811
€0.08
Value per share (EUR) From above. €0.08
Current discount Discount to share price of €0.75
= -1 x (€0.75 - €0.08) / €0.08
-826.7%

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

  • The current share price of Sino-Thai Engineering and Construction is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Sino-Thai Engineering and Construction's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sino-Thai Engineering and Construction's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NYVK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿1.10
SET:STEC Share Price ** SET (2019-06-26) in THB ฿26.5
Europe Construction Industry PE Ratio Median Figure of 93 Publicly-Listed Construction Companies 10.8x
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 Sino-Thai Engineering and Construction.

DB:NYVK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 26.5 ÷ 1.10

24.05x

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

  • Sino-Thai Engineering and Construction is overvalued based on earnings compared to the Europe Construction industry average.
  • Sino-Thai Engineering and Construction is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Sino-Thai Engineering and Construction's expected growth come at a high price?
Raw Data
DB:NYVK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
12.2%per year
Europe Construction Industry PEG Ratio Median Figure of 45 Publicly-Listed Construction Companies 1.23x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:NYVK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.05x ÷ 12.2%

1.98x

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

  • Sino-Thai Engineering and Construction is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sino-Thai Engineering and Construction's assets?
Raw Data
DB:NYVK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿7.76
SET:STEC Share Price * SET (2019-06-26) in THB ฿26.5
Europe Construction Industry PB Ratio Median Figure of 131 Publicly-Listed Construction Companies 1.14x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:NYVK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 26.5 ÷ 7.76

3.42x

* Primary Listing of Sino-Thai Engineering and Construction.

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

  • Sino-Thai Engineering and Construction is overvalued based on assets compared to the Europe Construction industry average.
X
Value checks
We assess Sino-Thai Engineering and Construction'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Sino-Thai Engineering and Construction has a total score of 0/6, 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.

NYVK Future Performance

 How is Sino-Thai Engineering and Construction expected to perform in the next 1 to 3 years based on estimates from 17 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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sino-Thai Engineering and Construction expected to grow at an attractive rate?
  • Sino-Thai Engineering and Construction's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sino-Thai Engineering and Construction's earnings growth is positive but not above the Germany market average.
  • Sino-Thai Engineering and Construction's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NYVK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NYVK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 12.2%
DB:NYVK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 10.6%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
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
DB:NYVK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NYVK Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 38,818 3,273 2,035 12
2020-12-31 35,489 3,331 1,826 17
2019-12-31 31,543 4,722 1,576 15
DB:NYVK Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 29,731 10,479 1,668
2018-12-31 27,537 9,173 1,617
2018-09-30 24,224 3,246 -341
2018-06-30 21,632 3,954 -506
2018-03-31 20,370 6,182 -568
2017-12-31 20,075 5,864 -611
2017-09-30 18,907 5,220 1,384
2017-06-30 19,089 1,735 1,401
2017-03-31 18,478 303 1,362
2016-12-31 17,953 1,411 1,381
2016-09-30 17,541 978 1,317
2016-06-30 17,408 246 1,353

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sino-Thai Engineering and Construction's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Sino-Thai Engineering and Construction's revenue is expected to grow by 10.6% 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
DB:NYVK 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 17 Analyst Estimates (S&P Global) See Below

All data from Sino-Thai Engineering and Construction Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NYVK Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.33 1.45 1.14 12.00
2020-12-31 1.19 1.41 1.05 17.00
2019-12-31 1.03 1.13 0.95 14.00
DB:NYVK Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 1.10
2018-12-31 1.06
2018-09-30 -0.22
2018-06-30 -0.33
2018-03-31 -0.37
2017-12-31 -0.40
2017-09-30 0.91
2017-06-30 0.92
2017-03-31 0.89
2016-12-31 0.91
2016-09-30 0.86
2016-06-30 0.89

*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.
  • Sino-Thai Engineering and Construction is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sino-Thai Engineering and Construction'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Sino-Thai Engineering and Construction has a total score of 2/6, 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.

NYVK Past Performance

  How has Sino-Thai Engineering and Construction 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 Sino-Thai Engineering and Construction's growth in the last year to its industry (Construction).
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.
  • Sino-Thai Engineering and Construction's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sino-Thai Engineering and Construction has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sino-Thai Engineering and Construction has become profitable in the last year making it difficult to compare the Europe Construction industry average.
Earnings and Revenue History
Sino-Thai Engineering and Construction'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 Sino-Thai Engineering and Construction Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NYVK 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 29,731.02 1,668.11 553.78
2018-12-31 27,537.33 1,616.86 516.89
2018-09-30 24,223.69 -341.18 372.73
2018-06-30 21,631.95 -506.11 391.42
2018-03-31 20,370.46 -568.07 410.46
2017-12-31 20,074.86 -610.83 419.02
2017-09-30 18,906.56 1,383.89 598.07
2017-06-30 19,088.63 1,400.69 574.80
2017-03-31 18,477.73 1,361.88 562.95
2016-12-31 17,952.74 1,380.75 553.82
2016-09-30 17,540.79 1,316.78 378.34
2016-06-30 17,407.78 1,353.48 397.39
2016-03-31 18,596.19 1,474.74 421.51
2015-12-31 18,330.65 1,526.52 448.06
2015-09-30 19,928.63 1,287.12 587.92
2015-06-30 20,347.48 1,348.79 599.92
2015-03-31 20,577.44 1,425.64 594.05
2014-12-31 21,651.97 1,520.51 583.13
2014-09-30 21,592.28 1,815.73 530.01
2014-06-30 22,662.77 1,870.73 524.87
2014-03-31 22,082.20 1,745.46 532.03
2013-12-31 22,294.04 1,733.20 539.17
2013-09-30 21,771.09 1,288.48 571.05
2013-06-30 21,368.95 1,202.18 574.76
2013-03-31 21,125.04 1,197.52 570.03
2012-12-31 19,871.61 1,095.74 561.44
2012-09-30 17,857.55 1,113.22 527.68
2012-06-30 16,350.55 1,089.49 502.08

*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.
  • Sino-Thai Engineering and Construction has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sino-Thai Engineering and Construction used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.
  • Sino-Thai Engineering and Construction has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sino-Thai Engineering and Construction'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 Construction 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.
Sino-Thai Engineering and Construction has a total score of 1/6, 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.

NYVK Health

 How is Sino-Thai Engineering and Construction'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 Sino-Thai Engineering and Construction's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sino-Thai Engineering and Construction's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sino-Thai Engineering and Construction's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sino-Thai Engineering and Construction'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 19.1x 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 Sino-Thai Engineering and Construction Company Filings, last reported 2 months ago.

DB:NYVK Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12,090.20 0.00 11,680.14
2018-12-31 11,220.87 0.00 9,997.50
2018-09-30 10,570.88 0.00 5,039.68
2018-06-30 9,682.16 0.00 2,420.86
2018-03-31 9,668.69 0.00 4,296.91
2017-12-31 9,455.06 500.00 6,695.43
2017-09-30 10,790.26 500.00 5,606.26
2017-06-30 10,579.09 500.00 1,096.71
2017-03-31 10,762.29 572.33 2,190.51
2016-12-31 10,584.52 572.12 1,889.53
2016-09-30 9,718.39 571.90 2,759.23
2016-06-30 9,482.80 71.68 1,874.06
2016-03-31 9,778.80 71.46 3,395.05
2015-12-31 9,508.15 71.25 2,064.68
2015-09-30 8,879.80 71.03 2,616.42
2015-06-30 8,588.14 70.81 2,479.24
2015-03-31 8,884.47 70.59 3,132.81
2014-12-31 8,549.24 70.38 5,565.34
2014-09-30 8,165.28 70.16 5,746.77
2014-06-30 7,836.89 69.94 6,092.16
2014-03-31 8,156.39 69.73 8,291.30
2013-12-31 7,776.65 69.51 8,663.03
2013-09-30 7,142.65 133.47 9,588.71
2013-06-30 6,754.71 208.45 7,601.64
2013-03-31 6,514.75 80.88 8,043.56
2012-12-31 6,111.25 177.24 7,189.59
2012-09-30 6,060.76 106.27 7,417.59
2012-06-30 5,752.55 141.14 4,571.50
  • Sino-Thai Engineering and Construction's level of debt (12.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.5% vs 12.8% today).
  • Debt is well covered by operating cash flow (679.1%, greater than 20% of total debt).
  • Sino-Thai Engineering and Construction earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sino-Thai Engineering and Construction'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. Sino-Thai Engineering and Construction has a total score of 4/6, 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.

NYVK Dividends

 What is Sino-Thai Engineering and Construction'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
1.89%
Current annual income from Sino-Thai Engineering and Construction dividends. Estimated to be 1.82% next year.
If you bought €2,000 of Sino-Thai Engineering and Construction shares you are expected to receive €38 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?
  • Sino-Thai Engineering and Construction's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Sino-Thai Engineering and Construction's dividend is below 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
DB:NYVK 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 17 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 3.8%
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.

DB:NYVK Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.53 10.00
2020-12-31 0.49 15.00
2019-12-31 0.44 14.00
DB:NYVK Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-03-06 0.500 2.029
2018-02-15 0.000 0.000
2017-02-17 0.220 0.874
2016-05-13 0.330 1.334
2016-02-18 0.330 1.560
2016-01-15 0.330 1.508
2015-05-12 0.400 1.672
2015-02-26 0.400 1.817
2014-11-12 0.500 1.993
2014-08-14 0.500 1.944
2014-05-12 0.500 2.243
2014-02-27 0.500 2.910
2013-11-07 0.025 0.156
2013-05-13 0.025 0.114
2013-02-28 0.025 0.088
2012-08-08 0.428 2.464
2012-05-10 0.428 3.980
2012-02-10 0.428 4.030
2011-11-11 0.171 1.777
2011-08-09 0.171 2.098
2011-05-09 0.171 1.801
2011-02-15 0.171 1.645
2010-05-17 0.101 1.331
2010-03-12 0.101 2.383

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

  • Sino-Thai Engineering and Construction 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 Sino-Thai Engineering and Construction only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Sino-Thai Engineering and Construction's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Sino-Thai Engineering and Construction'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 Sino-Thai Engineering and Construction afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sino-Thai Engineering and Construction has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NYVK Management

 What is the CEO of Sino-Thai Engineering and Construction'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
Pakpoom Srichamni
COMPENSATION ฿400,000
AGE 56
CEO Bio

Mr. Pakpoom Srichamni serves as the President of Sino-Thai Engineering and Construction Public Company Limited and served as its Senior Executive Vice President of Operation Division. Mr. Srichamni served as a Vice President of Operation III and Senior Vice President -Operation Division of Sino-Thai Engineering & Construction Public Company Limited. Mr. Srichamni has been an Executive Director of Sino-Thai Engineering and Construction Public Company Limited since April 26, 2012.

CEO Compensation
  • Pakpoom's compensation has increased in line with Sino-Thai Engineering and Construction recently becoming profitable.
  • Pakpoom's remuneration is lower than average for companies of similar size in Germany.
Management Team

Vallop Rungkijvorasathien

TITLE
Chairman of the Board of Executive Directors
COMPENSATION
฿500K
AGE
66

Anilrat Nitisaroj

TITLE
Acting CFO & Executive Director
COMPENSATION
฿440K
AGE
40
TENURE
0.3 yrs

Pakpoom Srichamni

TITLE
President & Executive Director
COMPENSATION
฿400K
AGE
56

Varatt Kusolmanomai

TITLE
Senior Executive Vice President of Operation Division

Chatra Punnarujawong

TITLE
Vice President of Financial & Investment Department

Jaikaew Tejapijaya

TITLE
Vice President of Accounting Department

Pheera Nakwimol

TITLE
Senior Vice President of Technical & Development Division

Prasert Kongkauroptham

TITLE
Senior Vice President of Marketing Division

Patcharee Suchewaboripont

TITLE
Vice President of Human Resources Department

Teeraphong Wichiranon

TITLE
Senior Vice President of Administration Division
Board of Directors Tenure

Average tenure and age of the Sino-Thai Engineering and Construction board of directors in years:

18.3
Average Tenure
63
Average Age
  • The average tenure for the Sino-Thai Engineering and Construction board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rawat Chamchalerm

TITLE
Chairman
COMPENSATION
฿780K
AGE
74

Vallop Rungkijvorasathien

TITLE
Chairman of the Board of Executive Directors
COMPENSATION
฿500K
AGE
66
TENURE
24.2 yrs

Anilrat Nitisaroj

TITLE
Acting CFO & Executive Director
COMPENSATION
฿440K
AGE
40
TENURE
10.3 yrs

Pakpoom Srichamni

TITLE
President & Executive Director
COMPENSATION
฿400K
AGE
56
TENURE
7.2 yrs

Jate Mongkolhutthi

TITLE
Independent Director
COMPENSATION
฿800K
AGE
65
TENURE
20.2 yrs

Chamni Janchai

TITLE
Independent Director
COMPENSATION
฿920K
AGE
61
TENURE
20.2 yrs

Thanathip Vidhayasirinun

TITLE
Independent Director
COMPENSATION
฿420K
AGE
51
TENURE
18.3 yrs

Masthawin Charnvirakul

TITLE
Director
COMPENSATION
฿440K
AGE
46
TENURE
22.5 yrs

Suchai Poopichayapongs

TITLE
Independent Director
COMPENSATION
฿640K
AGE
70
TENURE
11.3 yrs

Surapan Poomkaew

TITLE
Independent Director
COMPENSATION
฿420K
AGE
70
TENURE
5.2 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 Sino-Thai Engineering and Construction'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. Sino-Thai Engineering and Construction 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.

NYVK News

Simply Wall St News

NYVK Company Info

Description

Sino-Thai Engineering and Construction Public Company Limited, together with its subsidiaries, provides construction services in Thailand. The company is involved in the construction of infrastructure development projects, including mass transit transportations, elevated roads, highways, roads, bridges, dams, jetty work, and other projects. It also constructs industrial projects consisting of factories and chemical plants; building projects comprising office buildings, condominiums, housing projects, resorts, hangers, stadiums, convention centers, museums, hospitals, schools, and airport terminals; and power, gas, and energy projects, as well as environmental projects, such as oil wastewater treatment plants. In addition, the company is involved in the construction contracting activities; rental of office buildings, machinery, and construction equipment; provision of document storage services; development of real estate projects; and electricity generation activities. Sino-Thai Engineering and Construction Public Company Limited was founded in 1962 and is based in Bangkok, Thailand.

Details
Name: Sino-Thai Engineering and Construction Public Company Limited
NYVK
Exchange: DB
Founded: 1962
฿1,155,080,325
1,525,106,540
Website: http://www.stecon.co.th
Address: Sino-Thai Engineering and Construction Public Company Limited
32/59-60, Sino-Thai Tower,
29th-30th Floor,
Bangkok,
10110,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET STEC Ordinary Shares The Stock Exchange of Thailand TH THB 01. Sep 1992
SET STEC-R NON VTG DEP RCPT REP 1 ORD THB1 The Stock Exchange of Thailand TH THB 20. Aug 2001
THAMSE STEC-F THB1(ALIEN MARKET) Bangkok-Alien Market Stock Exchange TH THB 01. Sep 1992
DB NYVK NON VTG DEP RCPT REP 1 ORD THB1 Deutsche Boerse AG DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Sino-Thai Engineering and Construction employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 20:33
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/25
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.