DB:KRTA

Stock Analysis Report

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Executive Summary

Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailand.


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Krungthai Card's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

4.0%

KRTA

2.8%

DE Consumer Finance

2.2%

DE Market


1 Year Return

-4.2%

KRTA

-43.5%

DE Consumer Finance

-3.9%

DE Market

Return vs Industry: KRTA exceeded the German Consumer Finance industry which returned -44.7% over the past year.

Return vs Market: KRTA matched the German Market which returned -4.6% over the past year.


Shareholder returns

KRTAIndustryMarket
7 Day4.0%2.8%2.2%
30 Day18.6%3.1%8.0%
90 Day-6.3%-39.2%-9.6%
1 Year-1.6%-4.2%-41.8%-43.5%-2.3%-3.9%
3 Year233.1%212.4%-58.3%-65.8%-7.6%-14.8%
5 Year378.7%318.8%-54.7%-66.6%-0.3%-12.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Krungthai Card undervalued compared to its fair value and its price relative to the market?

17.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KRTA (€1.05) is trading above our estimate of fair value (€0.55)

Significantly Below Fair Value: KRTA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KRTA is poor value based on its PE Ratio (17.5x) compared to the Consumer Finance industry average (6.4x).

PE vs Market: KRTA is good value based on its PE Ratio (17.5x) compared to the German market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: KRTA is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: KRTA is overvalued based on its PB Ratio (4.6x) compared to the XE Consumer Finance industry average (0.8x).


Next Steps

Future Growth

How is Krungthai Card forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRTA's forecast earnings growth (9.3% per year) is above the savings rate (0.2%).

Earnings vs Market: KRTA's earnings (9.3% per year) are forecast to grow slower than the German market (21.7% per year).

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

Revenue vs Market: KRTA's revenue (11.6% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: KRTA's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KRTA's Return on Equity is forecast to be high in 3 years time (23.9%)


Next Steps

Past Performance

How has Krungthai Card performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRTA has high quality earnings.

Growing Profit Margin: KRTA's current net profit margins (38.1%) are lower than last year (38.6%).


Past Earnings Growth Analysis

Earnings Trend: KRTA's earnings have grown significantly by 25.3% per year over the past 5 years.

Accelerating Growth: KRTA's earnings growth over the past year (1%) is below its 5-year average (25.3% per year).

Earnings vs Industry: KRTA earnings growth over the past year (1%) underperformed the Consumer Finance industry 3.2%.


Return on Equity

High ROE: Whilst KRTA's Return on Equity (26.08%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Krungthai Card's financial position?


Financial Position Analysis

Short Term Liabilities: KRTA's short term assets (฿76.8B) exceed its short term liabilities (฿19.0B).

Long Term Liabilities: KRTA's short term assets (฿76.8B) exceed its long term liabilities (฿39.3B).


Debt to Equity History and Analysis

Debt Level: KRTA's debt to equity ratio (242.7%) is considered high.

Reducing Debt: KRTA's debt to equity ratio has reduced from 502.9% to 242.7% over the past 5 years.

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

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


Balance Sheet


Next Steps

Dividend

What is Krungthai Card's current dividend yield, its reliability and sustainability?

2.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KRTA's dividend (2.33%) is higher than the bottom 25% of dividend payers in the German market (1.36%).

High Dividend: KRTA's dividend (2.33%) is low compared to the top 25% of dividend payers in the German market (4.18%).


Stability and Growth of Payments

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

Growing Dividend: KRTA's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.7%), KRTA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KRTA's dividends in 3 years are forecast to be well covered by earnings (46% payout ratio).


Next Steps

Management

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

14.8yrs

Average management tenure


CEO

Rathian Srimongkol (59yo)

8.33yrs

Tenure

฿2,832,785

Compensation

Dr. Rathian Srimongkol, M.D., has been the Chief Executive Officer and President of Krungthai Card Public Co. Ltd. since January 11, 2012. Dr. Srimongkol serves as Senior Executive Vice President of Operat ...


Leadership Team

NamePositionTenureCompensationOwnership
Rathian Srimongkol
CEO, President & Director8.33yrs฿2.83mno data
Chutidej Chayuti
Chief Financial Officer3.33yrsno datano data
Virach Paisitsavet
Chief Operations Officer3.33yrsno datano data
Pranee Rattakam
Chief Accountant and Senior VP of Finance & Accounting16.5yrsno datano data
Peerapong Pitrpibulpatit
Director of Legal Consult & Service Line and Company secretary13yrsno datano data
Sakda Chantrasuriyarat
Senior Vice President of Compliance6yrsno datano data
Khan Kachonboon
Executive Vice President of Corporate Communications16.5yrsno datano data
Pittaya Vorapanyasakul
Executive Vice President of Credit Card22.75yrsno datano data
Piyasak Tejasen
Senior EVP of Distribution & Merchant Acquiring17.92yrsno datano data
Sudaporn Janwatanagool
Executive VP of Personal Loans Business23.08yrsno datano data

14.8yrs

Average Tenure

56yo

Average Age

Experienced Management: KRTA's management team is seasoned and experienced (14.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rathian Srimongkol
CEO, President & Director8.33yrs฿2.83mno data
Parinya Patanaphakdee
Chairman of the Board2.92yrs฿3.78mno data
Praralee Ratanaprasartporn
Director1.08yrsno datano data
Pichit Jongsaliswang
Director0.58yr฿72.00kno data
Nampung Wongsmith
Independent Director0.58yr฿80.00kno data
Apichart Chaiyadar
Independent Director3.42yrs฿2.82mno data
Praphaisith Tankeyura
Independent Director2.75yrs฿3.32mno data
Nathporn Chatusripitak
Independent Director2.08yrs฿2.31mno data

2.4yrs

Average Tenure

54.5yo

Average Age

Experienced Board: KRTA's board of directors are not considered experienced ( 2.4 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Krungthai Card Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Krungthai Card Public Company Limited
  • Ticker: KRTA
  • Exchange: DB
  • Founded: 1996
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ฿96.688b
  • Listing Market Cap: ฿2.782b
  • Shares outstanding: 2.58b
  • Website: https://www.ktc.co.th

Location

  • Krungthai Card Public Company Limited
  • 591 United Business Center II
  • 14th Floor
  • Bangkok
  • 10110
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KTCSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBOct 2002
KTC-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REPR 1 ORD THB10THTHBOct 2002
KTC-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1 (ALIEN)THTHBJan 2005
KRTADB (Deutsche Boerse AG)THB1 (ALIEN)DEEURJan 2005
KGTH.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDJul 2019

Biography

Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailand. It operates as a payment service provider, as well as offers utilities payment services. The company was incorporated in 1996 and is headquartered in Bangkok, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 21:29
End of Day Share Price2020/05/25 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.