DB:NYVK

Stock Analysis Report

Sino-Thai Engineering and Construction

Executive Summary

Sino-Thai Engineering and Construction Public Company Limited, together with its subsidiaries, provides construction services in Thailand.


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Sino-Thai Engineering and Construction's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-14.0%

NYVK

-10.5%

DE Construction

-6.8%

DE Market


1 Year Return

-33.9%

NYVK

-28.8%

DE Construction

6.5%

DE Market

Return vs Industry: NYVK underperformed the German Construction industry which returned -29.3% over the past year.

Return vs Market: NYVK underperformed the German Market which returned 6.1% over the past year.


Shareholder returns

NYVKIndustryMarket
7 Day-14.0%-10.5%-6.8%
30 Day-1.0%-9.7%-3.7%
90 Day-7.3%-12.5%-3.6%
1 Year-32.3%-33.9%-25.8%-28.8%9.8%6.5%
3 Year-38.6%-40.0%-27.7%-33.1%6.8%-2.6%
5 Year-34.6%-38.8%51.2%34.1%12.5%-2.9%

Price Volatility Vs. Market

How volatile is Sino-Thai Engineering and Construction's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sino-Thai Engineering and Construction 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: NYVK (€0.41) is trading below our estimate of fair value (€2.24)

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


Price To Earnings Ratio

PE vs Industry: NYVK is poor value based on its PE Ratio (15x) compared to the Construction industry average (12.2x).

PE vs Market: NYVK is good value based on its PE Ratio (15x) compared to the German market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: NYVK is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: NYVK is overvalued based on its PB Ratio (1.7x) compared to the XE Construction industry average (1.2x).


Next Steps

Future Growth

How is Sino-Thai Engineering and Construction forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NYVK's forecast earnings growth (12.3% per year) is above the savings rate (-0.4%).

Earnings vs Market: NYVK's earnings (12.3% per year) are forecast to grow slower than the German market (13% per year).

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

Revenue vs Market: NYVK's revenue (9.2% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: NYVK's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NYVK's Return on Equity is forecast to be low in 3 years time (13.8%).


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Sino-Thai Engineering and Construction performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NYVK has high quality earnings.

Growing Profit Margin: NYVK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NYVK's earnings have declined by -12.9% per year over the past 5 years.

Accelerating Growth: NYVK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NYVK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (2.1%).


Return on Equity

High ROE: NYVK's Return on Equity (11.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Sino-Thai Engineering and Construction's financial position?


Financial Position Analysis

Short Term Liabilities: NYVK's short term assets (฿26.1B) do not cover its short term liabilities (฿30.5B).

Long Term Liabilities: NYVK's short term assets (฿26.1B) exceed its long term liabilities (฿2.8B).


Debt to Equity History and Analysis

Debt Level: NYVK is debt free.

Reducing Debt: NYVK has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.

Debt Coverage: NYVK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NYVK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: NYVK has a low level of unsold assets or inventory.

Debt Coverage by Assets: NYVK's debt is not covered by short term assets (assets are -1.1461943406244E+17x debt).


Next Steps

Dividend

What is Sino-Thai Engineering and Construction's current dividend yield, its reliability and sustainability?

3.33%

Current Dividend Yield


Dividend Yield vs Market

company3.3%marketbottom25%1.5%markettop25%3.8%industryaverage3.7%forecastin3Years2.6%

Current dividend yield vs market & industry

Notable Dividend: NYVK's dividend (3.33%) is higher than the bottom 25% of dividend payers in the German market (1.43%).

High Dividend: NYVK's dividend (3.33%) is low compared to the top 25% of dividend payers in the German market (3.8%).


Stability and Growth of Payments

Stable Dividend: NYVK's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.1%), NYVK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NYVK's dividends in 3 years are forecast to be well covered by earnings (40.8% payout ratio).


Next Steps

Management

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

19.0yrs

Average board tenure


CEO

Pakpoom Srichamni (57yo)

฿400,000

Compensation

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  ...


Board Members

NamePositionTenureCompensationOwnership
Pakpoom Srichamni
President & Executive Director0yrs฿400.00kno data
Vallop Rungkijvorasathien
Chairman of the Board of Executive Directors24.8yrs฿500.00kno data
Anilrat Nitisaroj
Acting CFO & Executive Director10.9yrs฿440.00k1.67% ฿11.0m
Chamni Janchai
Independent Director20.8yrs฿800.00kno data
Thanathip Vidhayasirinun
Independent Director19yrs฿400.00kno data
Jate Mongkolhutthi
Independent Director20.8yrs฿680.00kno data
Masthawin Charnvirakul
Director23.2yrs฿400.00k1.67% ฿11.0m
Rawat Chamchalerm
Independent Chairman0yrs฿700.00kno data
Suchai Poopichayapongs
Independent Director11.9yrs฿540.00kno data
Surapan Poomkaew
Independent Director5.8yrs฿380.00kno data

19.0yrs

Average Tenure

64yo

Average Age

Experienced Board: NYVK's board of directors are seasoned and experienced ( 19 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

Sino-Thai Engineering and Construction Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sino-Thai Engineering and Construction Public Company Limited
  • Ticker: NYVK
  • Exchange: DB
  • Founded: 1962
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ฿22.877b
  • Listing Market Cap: ฿660.618m
  • Shares outstanding: 1.53b
  • Website: https://www.stecon.co.th

Location

  • Sino-Thai Engineering and Construction Public Company Limited
  • 32/59-60, Sino-Thai Tower
  • 29th-30th Floor
  • Bangkok
  • 10110
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STECSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBSep 1992
STEC-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1(ALIEN MARKET)THTHBSep 1992
NYVKDB (Deutsche Boerse AG)NON VTG DEP RCPT REP 1 ORD THB1DEEURAug 2001
STEC-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB1THTHBAug 2001

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 20:35
End of Day Share Price2020/02/26 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.