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Bangkok Life Assurance

DB:XBLA
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XBLA
DB
฿44B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Bangkok Life Assurance Public Company Limited, together with its subsidiaries, provides life insurance services to individuals and corporates in Thailand. The last earnings update was 67 days ago. More info.


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XBLA Share Price and Events
7 Day Returns
1.2%
DB:XBLA
0.5%
DE Insurance
-0.7%
DE Market
1 Year Returns
-6.2%
DB:XBLA
21.2%
DE Insurance
-7.6%
DE Market
XBLA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bangkok Life Assurance (XBLA) 1.2% -7.7% -7.7% -6.2% -27.1% -52.3%
DE Insurance 0.5% 2% 2.1% 21.2% 63% 61.1%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • XBLA underperformed the Insurance industry which returned 21.2% over the past year.
  • XBLA outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
XBLA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Bangkok Life Assurance 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 Bangkok Life Assurance 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 Bangkok Life Assurance.

DB:XBLA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= ฿28.28 * 11.8%
฿3.33
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. ฿28.28
Discount Rate (Cost of Equity) See below 5%
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:XBLA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 20%) (0%))
0.789
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:XBLA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bangkok Life Assurance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:XBLA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.8% – 5%) * ฿28.28)
฿1.92
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ฿1.92 / (5% - 0.23%)
฿40.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ฿28.28 + ฿40.21
฿68.49
DB:XBLA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XBLA represents 0.02803x of SET:BLA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 68.49 x 0.02803
€1.92
Value per share (EUR) From above. €1.92
Current discount Discount to share price of €0.73
= -1 x (€0.73 - €1.92) / €1.92
62%

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

Current Discount
Amount off the current price Bangkok Life Assurance is available for.
Intrinsic value
>50%
Share price is €0.73 vs Future cash flow value of €1.92
Current Discount Checks
For Bangkok Life Assurance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bangkok Life Assurance's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bangkok Life Assurance's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Bangkok Life Assurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bangkok Life Assurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XBLA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿2.64
SET:BLA Share Price ** SET (2019-07-19) in THB ฿26
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bangkok Life Assurance.

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

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

= 26 ÷ 2.64

9.85x

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

  • Bangkok Life Assurance is good value based on earnings compared to the DE Insurance industry average.
  • Bangkok Life Assurance is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bangkok Life Assurance's expected growth come at a high price?
Raw Data
DB:XBLA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
8.8%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.16x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.85x ÷ 8.8%

1.11x

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

  • Bangkok Life Assurance is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bangkok Life Assurance's assets?
Raw Data
DB:XBLA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿24.76
SET:BLA Share Price * SET (2019-07-19) in THB ฿26
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.09x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:XBLA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 26 ÷ 24.76

1.05x

* Primary Listing of Bangkok Life Assurance.

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

  • Bangkok Life Assurance is good value based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Bangkok Life Assurance'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Bangkok Life Assurance has a total score of 5/6, 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.

Future Performance

 How is Bangkok Life Assurance expected to perform in the next 1 to 3 years based on estimates from 4 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
8.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bangkok Life Assurance expected to grow at an attractive rate?
  • Bangkok Life Assurance's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bangkok Life Assurance's earnings growth is positive but not above the Germany market average.
  • Bangkok Life Assurance's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XBLA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XBLA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 8.8%
DB:XBLA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.3%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
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:XBLA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XBLA Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 59,306 5,898 1
2020-12-31 56,863 30,250 5,344 3
2019-12-31 54,551 28,205 4,988 2
DB:XBLA Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 50,629 1,171 4,508
2018-12-31 53,793 6,889 4,980
2018-09-30 56,424 -2,876 5,732
2018-06-30 56,655 2,476 4,473
2018-03-31 56,667 -6,734 4,476
2017-12-31 56,213 -7,608 3,645
2017-09-30 57,659 1,370 3,889
2017-06-30 55,019 -2,967 4,762
2017-03-31 55,077 11,063 12,926
2016-12-31 55,583 7,811 5,110
2016-09-30 55,611 12,003 5,401
2016-06-30 53,993 14,697 4,002

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bangkok Life Assurance's earnings are expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
  • Bangkok Life Assurance's revenue is expected to grow by 5.3% 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:XBLA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Bangkok Life Assurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XBLA Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.50 3.58 3.41 3.00
2020-12-31 3.16 3.37 2.79 5.00
2019-12-31 2.92 3.16 2.60 5.00
DB:XBLA Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 2.64
2018-12-31 2.92
2018-09-30 3.36
2018-06-30 2.62
2018-03-31 2.62
2017-12-31 2.13
2017-09-30 2.28
2017-06-30 2.79
2017-03-31 7.58
2016-12-31 3.00
2016-09-30 3.17
2016-06-30 2.35

*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.
  • Bangkok Life Assurance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bangkok Life Assurance'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Bangkok Life Assurance 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.

Past Performance

  How has Bangkok Life Assurance 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 Bangkok Life Assurance's growth in the last year to its industry (Insurance).
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.
  • Bangkok Life Assurance's year on year earnings growth rate has been positive over the past 5 years.
  • Bangkok Life Assurance's 1-year earnings growth is less than its 5-year average (0.7% vs 12.8%)
  • Bangkok Life Assurance's earnings growth has not exceeded the DE Insurance industry average in the past year (0.7% vs 9.4%).
Earnings and Revenue History
Bangkok Life Assurance'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 Bangkok Life Assurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XBLA 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 50,628.60 4,507.69 1,740.78
2018-12-31 53,792.77 4,980.06 1,765.23
2018-09-30 56,423.76 5,731.79 1,889.67
2018-06-30 56,655.36 4,472.50 1,764.29
2018-03-31 56,666.83 4,476.02 1,690.06
2017-12-31 56,213.17 3,644.53 1,666.46
2017-09-30 57,659.08 3,889.09 1,668.45
2017-06-30 55,019.22 4,762.28 1,678.74
2017-03-31 55,077.37 12,926.04 1,729.63
2016-12-31 55,583.13 5,110.30 1,742.68
2016-09-30 55,611.25 5,400.60 1,742.21
2016-06-30 53,992.89 4,002.45 1,768.66
2016-03-31 52,275.11 -3,545.29 1,782.11
2015-12-31 55,332.45 4,108.20 1,789.82
2015-09-30 50,705.97 4,088.96 1,854.65
2015-06-30 49,456.12 3,994.75 1,890.35
2015-03-31 52,018.46 2,319.03 1,886.05
2014-12-31 61,546.51 2,649.82 1,983.86
2014-09-30 61,095.57 1,289.05 1,942.62
2014-06-30 61,643.12 3,270.59 1,909.98
2014-03-31 60,377.93 4,554.60 1,883.76
2013-12-31 46,435.43 4,380.50 1,888.79
2013-09-30 45,496.52 4,234.80 1,901.68
2013-06-30 44,399.43 4,083.30 1,826.47
2013-03-31 44,845.24 3,633.53 1,717.40
2012-12-31 40,332.51 3,723.55 1,680.19
2012-09-30 40,826.38 3,039.53 1,495.86

*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.
  • Bangkok Life Assurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bangkok Life Assurance used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Bangkok Life Assurance has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Bangkok Life Assurance'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 Insurance 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.
Bangkok Life Assurance has a total score of 3/6, 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.

Health

 How is Bangkok Life Assurance'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 Bangkok Life Assurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bangkok Life Assurance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bangkok Life Assurance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bangkok Life Assurance'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.
  • Bangkok Life Assurance has no debt, it does not need to be covered by short term assets.
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 Bangkok Life Assurance Company Filings, last reported 3 months ago.

DB:XBLA Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 42,273.53 0.00 6,769.32
2018-12-31 38,508.16 0.00 9,859.09
2018-09-30 40,426.12 0.00 4,357.30
2018-06-30 38,260.30 0.00 5,793.05
2018-03-31 39,618.21 0.00 6,666.56
2017-12-31 38,764.76 0.00 4,063.75
2017-09-30 36,031.67 0.00 8,352.86
2017-06-30 35,045.44 0.00 4,849.30
2017-03-31 34,802.23 0.00 14,932.24
2016-12-31 33,329.08 0.00 13,264.17
2016-09-30 32,156.41 0.00 10,031.51
2016-06-30 32,491.17 0.00 9,113.54
2016-03-31 24,252.82 0.00 5,737.20
2015-12-31 26,990.37 0.00 7,217.98
2015-09-30 25,272.13 2,290.00 554.60
2015-06-30 27,394.33 4,620.00 654.21
2015-03-31 25,767.95 1,100.00 1,422.19
2014-12-31 25,576.28 0.00 5,724.63
2014-09-30 23,994.40 0.00 2,203.31
2014-06-30 24,319.85 0.00 2,799.94
2014-03-31 24,068.54 0.00 1,914.39
2013-12-31 22,263.66 950.00 1,431.25
2013-09-30 21,966.45 0.00 716.62
2013-06-30 21,918.42 0.00 3,048.22
2013-03-31 21,819.42 0.00 1,274.99
2012-12-31 19,464.77 200.00 1,343.08
2012-09-30 17,900.65 0.00 3,046.75
  • Bangkok Life Assurance has no debt.
  • Bangkok Life Assurance had no debt 5 years ago.
  • Bangkok Life Assurance has no debt, it does not need to be covered by operating cash flow.
  • Bangkok Life Assurance has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bangkok Life Assurance'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. Bangkok Life Assurance has a total score of 5/6, 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.

Dividends

 What is Bangkok Life Assurance'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
2.77%
Current annual income from Bangkok Life Assurance dividends. Estimated to be 3.22% next year.
If you bought €2,000 of Bangkok Life Assurance shares you are expected to receive €55 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?
  • Bangkok Life Assurance's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Bangkok Life Assurance's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
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:XBLA 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 4 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
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:XBLA Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.88 4.00
2020-12-31 0.81 6.00
2019-12-31 0.83 4.00
DB:XBLA Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.720 2.594
2018-08-09 0.540 1.779
2018-02-23 0.540 1.640
2017-08-10 0.750 1.915
2017-05-09 0.860 1.930
2016-11-10 0.640 1.256
2016-11-09 0.640 1.249
2016-08-09 0.640 1.375
2016-02-26 0.640 1.605
2015-08-11 0.780 1.565
2015-04-29 0.496 1.007
2015-02-26 0.496 0.986
2014-09-22 0.107 0.203
2014-02-19 0.729 1.312
2013-11-13 0.571 1.247
2013-08-09 0.571 1.294
2013-02-22 0.514 1.068
2012-08-08 0.500 1.397
2012-05-11 0.514 1.570
2012-04-27 0.514 1.512
2011-08-10 0.557 1.636
2011-05-11 0.571 1.697
2011-02-23 0.571 2.316
2010-11-09 0.286 1.370
2010-08-16 0.286 1.300
2010-05-12 0.214 1.123
2010-04-28 0.214 1.293
2009-11-11 0.214 1.468

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bangkok Life Assurance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Bangkok Life Assurance'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 Bangkok Life Assurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bangkok Life Assurance has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Bangkok Life Assurance'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
M. L. Sukhasvasti
AGE 62
TENURE AS CEO 0.9 years
CEO Bio

Mr. M. L. Jiraseth Sukhasvasti serves as CEO, President & Executive Director at Bangkok Life Assurance PCL since August 06, 2018.

CEO Compensation
  • Insufficient data for M. L. to compare compensation growth.
  • Insufficient data for M. L. to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bangkok Life Assurance management team in years:

1
Average Tenure
55
Average Age
  • The average tenure for the Bangkok Life Assurance management team is less than 2 years, this suggests a new team.
Management Team

M. L. Sukhasvasti

TITLE
CEO, President & Executive Director
AGE
62
TENURE
0.9 yrs

Sanor Thampipattanakul

TITLE
Senior EVP
AGE
55
TENURE
1 yrs

Sirinart Wongcharoensathit

TITLE
Senior Director of Info Tech / Acting Executive

Jaruwan Limkhunthammo

TITLE
Executive VP of Accounting & Finance Division and Acting VP of Administrative Department
AGE
39
TENURE
7.3 yrs

Thitaree Boonsathienwong

TITLE
Investment Relations

Komsorn Chonsuvanava

TITLE
Senior Vice President of Legal Office

Supaporn Tipfun

TITLE
Vice President of Compliance Office

Ussnee Suntarotok

TITLE
Vice President of Human Resource Department

Prasit Boonchareon

TITLE
Senior Vice President and Advisor to the President

Wasana Lueprasitsakul

TITLE
Senior Vice President of Medical Service Center
Board of Directors Tenure

Average tenure and age of the Bangkok Life Assurance board of directors in years:

5.3
Average Tenure
62
Average Age
  • The tenure for the Bangkok Life Assurance board of directors is about average.
Board of Directors

Siri Ganjarerndee

TITLE
Chairman of the Board
COMPENSATION
฿4M
AGE
70
TENURE
1.3 yrs

M. L. Sukhasvasti

TITLE
CEO, President & Executive Director
AGE
62
TENURE
0.9 yrs

Chollada Sophonpanich

TITLE
Execultive VP of Corporate Startegy & Planing Division and Director
AGE
38
TENURE
1.6 yrs

Sunthorn Arunanondchai

TITLE
Independent Director
COMPENSATION
฿2M
AGE
77
TENURE
43.5 yrs

Komkai Thusaranon

TITLE
Independent Director
COMPENSATION
฿2M
AGE
67
TENURE
6.3 yrs

Praphant Asava-aree

TITLE
Independent Director
COMPENSATION
฿1M
AGE
62
TENURE
5.3 yrs

Chone Sophonpanich

TITLE
Director
AGE
44
TENURE
1.6 yrs

Savitri Ramyarupa

TITLE
Director
COMPENSATION
฿2M
AGE
58
TENURE
20.5 yrs

Prapaivan Limsong

TITLE
Director
COMPENSATION
฿608K
AGE
51
TENURE
14.5 yrs

Deja Tulananda

TITLE
AGE
85
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 Bangkok Life Assurance'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. Bangkok Life Assurance 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.

News

Simply Wall St News

Company Info

Description

Bangkok Life Assurance Public Company Limited, together with its subsidiaries, provides life insurance services to individuals and corporates in Thailand. Its life insurance products include tax planning, income protection, savings and investments, pension, accident plans, total permanent disability, and health and critical illness products; general insurance products comprise personal insurance and business all risks insurance; and bancassurance products consist of protection, savings, education for children, and retirement and credit protection insurance. The company also offers equity, long term equity, mixed, foreign investment, fixed income, exchange traded, money market, local fixed income, and retirement mutual funds; and home loans, such as Bla home plans. In addition, it provides insurance brokerage services. The company was founded in 1951 and is headquartered in Bangkok, Thailand.

Details
Name: Bangkok Life Assurance Public Company Limited
XBLA
Exchange: DB
Founded: 1951
฿1,283,205,335
1,707,566,000
Website: http://www.bangkoklife.com
Address: Bangkok Life Assurance Public Company Limited
No. 23/115-121, Soi Sun Wichai,
Rama 9 Road,
Bangkok,
10310,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET BLA Ordinary Shares The Stock Exchange of Thailand TH THB 20. Apr 2009
SET BLA-R NON VTG DEP RCPT REP 1 ORD THB1 The Stock Exchange of Thailand TH THB 25. Sep 2009
THAMSE BLA-F THB1 (ALIEN MARKET) Bangkok-Alien Market Stock Exchange TH THB 25. Sep 2009
DB XBLA NON VTG DEP RCPT REP 1 ORD THB1 Deutsche Boerse AG DE EUR 25. Sep 2009
Number of employees
Current staff
Staff numbers
0
Bangkok Life Assurance employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 21:33
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/05/14
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.