BST:C9W

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Chai Watana Tannery Group

Executive Summary

Chai Watana Tannery Group Public Company Limited manufactures and exports leather finished products.


Snowflake Analysis

Proven track record and fair value.

Share Price & News

How has Chai Watana Tannery Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: C9W's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

38.5%

C9W

7.2%

DE Luxury

3.2%

DE Market


1 Year Return

-40.2%

C9W

-8.3%

DE Luxury

0.01%

DE Market

Return vs Industry: C9W underperformed the German Luxury industry which returned -8.4% over the past year.

Return vs Market: C9W underperformed the German Market which returned 0.3% over the past year.


Shareholder returns

C9WIndustryMarket
7 Day38.5%7.2%3.2%
30 Day11.1%12.1%4.7%
90 Day3.4%-8.5%-0.9%
1 Year-40.2%-40.2%-8.2%-8.3%1.7%0.01%
3 Year-32.3%-33.8%34.0%29.2%-6.8%-14.0%
5 Year-55.3%-57.9%163.0%138.4%3.9%-9.5%

Price Volatility Vs. Market

How volatile is Chai Watana Tannery Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Chai Watana Tannery Group undervalued compared to its fair value and its price relative to the market?

14.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate C9W's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate C9W's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: C9W is good value based on its PE Ratio (14.5x) compared to the Luxury industry average (23.6x).

PE vs Market: C9W is good value based on its PE Ratio (14.5x) compared to the German market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate C9W's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: C9W is good value based on its PB Ratio (0.8x) compared to the DE Luxury industry average (1.6x).


Next Steps

Future Growth

How is Chai Watana Tannery Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.4%

Forecasted Consumer Durables 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 Chai Watana Tannery Group 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 Chai Watana Tannery Group performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C9W has high quality earnings.

Growing Profit Margin: C9W's current net profit margins (4.4%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: C9W's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: C9W's earnings growth over the past year (9.1%) is below its 5-year average (12.1% per year).

Earnings vs Industry: C9W earnings growth over the past year (9.1%) exceeded the Luxury industry -27%.


Return on Equity

High ROE: C9W's Return on Equity (4.2%) is considered low.


Next Steps

Financial Health

How is Chai Watana Tannery Group's financial position?


Financial Position Analysis

Short Term Liabilities: C9W's short term assets (฿981.3M) do not cover its short term liabilities (฿1.4B).

Long Term Liabilities: C9W's short term assets (฿981.3M) exceed its long term liabilities (฿750.1M).


Debt to Equity History and Analysis

Debt Level: C9W's debt to equity ratio (97.2%) is considered high.

Reducing Debt: C9W's debt to equity ratio has increased from 66.4% to 97.2% over the past 5 years.

Debt Coverage: C9W's debt is well covered by operating cash flow (21%).

Interest Coverage: C9W's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Chai Watana Tannery Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate C9W's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate C9W's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if C9W's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if C9W's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: C9W is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of C9W's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.7yrs

Average board tenure


CEO

Weerapon Chaiteerath

12.67yrs

Tenure

Mr. Weerapon Chaiteerath has been Managing Director at Chai Watana Tannery Group Public Company Limited since September 3, 2007 and served as its Deputy Managing Director until September 3, 2007. Mr. Chait ...


Board Members

NamePositionTenureCompensationOwnership
Weerapon Chaiteerath
Chairman & MD12.67yrsno data21% ฿7.3m
Souwanee Chaiteerath
Director10.08yrsno datano data
Theerawat Phupaiboon
Director2.25yrsno data0.00093% ฿324.3
Chatchanon Sophajan
Director2.5yrsno datano data
Narongrit Sombatsompop
Director4yrsno datano data
Supoj Pannoi
Director2.83yrsno datano data

2.7yrs

Average Tenure

Experienced Board: C9W's board of directors are not considered experienced ( 2.7 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

Chai Watana Tannery Group Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chai Watana Tannery Group Public Company Limited
  • Ticker: C9W
  • Exchange: BST
  • Founded: 1972
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ฿1.222b
  • Listing Market Cap: ฿34.876m
  • Shares outstanding: 630.10m
  • Website: https://www.cwt.co.th

Location

  • Chai Watana Tannery Group Public Company Limited
  • 176/1, 1480 Moo 1
  • Tannery Industrial District (K.M. 30)
  • Mueang Samut Prakan
  • 10280
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CWTSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
CWT-RSET (The Stock Exchange of Thailand)THB5(NVDR)THTHBAug 2001
C9WBST (Boerse-Stuttgart)THB5(NVDR)DEEURAug 2001

Biography

Chai Watana Tannery Group Public Company Limited manufactures and exports leather finished products. It operates through six segments: Tannery Hide, Automotive Leather Cutting, Dog Chewable Toys, Furniture, Energy Business, and Design and Distribution of Aluminum Boat and Mini Bus. The company offers trim seat covers, steering wheels and gear knobs, and raw hide dog chews, as well as cutting, spray, and beam house and tanning services. In addition, it is involved in the design and distribution of boats and minibuses; rental of properties; provision of consulting services for renewable energy projects; waste management business; wholesale of wood chips; and generation and sale of electricity using waste fuels. The company was founded in 1972 and is headquartered in Mueang Samut Prakan, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 23:20
End of Day Share Price2020/05/28 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.