Tipco Asphalt Future Growth

Future criteria checks 3/6

Tipco Asphalt is forecast to grow earnings and revenue by 26% and 5.3% per annum respectively. EPS is expected to grow by 26.1% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

26.0%

Earnings growth rate

26.1%

EPS growth rate

Basic Materials earnings growth	12.3%
Revenue growth rate	5.3%
Future return on equity	12.9%
Analyst coverage	Low
Last updated	17 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:TPY1 - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	30,588	2,285	2,662	3,226	5
12/31/2025	29,651	2,113	2,523	2,828	5
12/31/2024	27,704	1,704	2,610	3,285	5
9/30/2024	27,242	1,073	2,817	3,422	N/A
6/30/2024	25,276	540	785	1,418	N/A
3/31/2024	27,862	1,185	1,857	2,427	N/A
12/31/2023	31,266	2,306	3,751	4,168	N/A
9/30/2023	34,601	3,128	3,876	4,232	N/A
6/30/2023	35,829	3,436	4,234	4,587	N/A
3/31/2023	35,651	3,279	1,878	2,290	N/A
12/31/2022	33,615	2,367	2,481	2,900	N/A
9/30/2022	30,030	1,864	1,285	1,787	N/A
6/30/2022	28,594	1,733	1,126	1,619	N/A
3/31/2022	28,442	2,014	1,349	1,840	N/A
12/31/2021	27,186	2,220	233	744	N/A
9/30/2021	26,515	2,462	1,898	2,441	N/A
6/30/2021	28,220	3,946	5,322	5,908	N/A
3/31/2021	27,035	4,798	6,478	7,150	N/A
12/31/2020	26,279	3,592	4,846	5,553	N/A
9/30/2020	29,894	3,438	3,020	4,302	N/A
6/30/2020	30,801	2,288	1,289	2,668	N/A
3/31/2020	35,030	1,622	2,384	3,711	N/A
12/31/2019	37,013	3,123	5,130	6,476	N/A
9/30/2019	36,992	2,616	3,662	4,452	N/A
6/30/2019	34,521	1,910	-67	612	N/A
3/31/2019	29,480	978	-1,588	-931	N/A
12/31/2018	27,632	564	-3,211	-2,621	N/A
9/30/2018	24,596	986	-1,940	-909	N/A
6/30/2018	22,728	1,381	N/A	883	N/A
3/31/2018	25,173	1,604	N/A	2,862	N/A
12/31/2017	28,260	2,537	N/A	2,355	N/A
9/30/2017	28,880	2,915	N/A	2,774	N/A
6/30/2017	28,587	2,830	N/A	2,121	N/A
3/31/2017	25,951	3,175	N/A	2,107	N/A
12/31/2016	24,229	3,110	N/A	4,835	N/A
9/30/2016	26,190	3,360	N/A	5,855	N/A
6/30/2016	30,633	4,498	N/A	6,951	N/A
3/31/2016	35,568	5,126	N/A	7,182	N/A
12/31/2015	37,223	5,079	N/A	8,359	N/A
9/30/2015	39,082	4,417	N/A	8,989	N/A
6/30/2015	41,153	3,388	N/A	9,779	N/A
3/31/2015	41,961	2,073	N/A	7,473	N/A
12/31/2014	45,727	1,200	N/A	6,764	N/A
9/30/2014	43,662	630	N/A	50	N/A
6/30/2014	41,048	493	N/A	-1,548	N/A
3/31/2014	37,921	676	N/A	594	N/A
12/31/2013	33,935	831	N/A	-78	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPY1's forecast earnings growth (26% per year) is above the savings rate (1%).

Earnings vs Market: TPY1's earnings (26% per year) are forecast to grow faster than the German market (20.9% per year).

High Growth Earnings: TPY1's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TPY1's revenue (5.3% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: TPY1's revenue (5.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TPY1's Return on Equity is forecast to be low in 3 years time (12.9%).

Tipco Asphalt Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Recent updates

Tipco Asphalt Public Company Limited Announces CFO Changes

Tipco Asphalt Public Company Limited Announces Cash Dividend for the Operating Period from 1 January 2023 to 30 June 2023, Payable on 7 September 2023

Tipco Asphalt Public Company Limited Announces Cash Dividend for the Period from January 1, 2022 to September 30, 2022, Payable on December 8, 2022

Tipco Asphalt Public Company Limited Announces Board Changes

Tipco Asphalt Public Company Limited to Report Q1, 2022 Results on May 12, 2022

Tipco Asphalt Public Company Limited Approves Final Dividend for 2021, Payable on April 28, 2022

Hugues Emmanuel Marie De Champs De Saint-Leger and Sitilarb Supsakorn to Retire from Tipco Asphalt Public Company Limited as Members of Board of Directors

Tipco Asphalt Public Company Ordinary Shares to Be Deleted from Other OTC

Tipco Asphalt Public Company Limited Announces Termination of Koh Lai Huat as Chief Financial Officer, Effective 28 February 2021

Tipco Asphalt Public Company Limited to Report Fiscal Year 2020 Results on Feb 16, 2021

Tipco Asphalt Public Company Limited (SET:TASCO) agreed to acquire additional 37.5% stake in Thai Slurry Seal Co. Ltd. for THB 380 million.

Tipco Asphalt Public Company Limited Announces Board Changes

Tipco Asphalt Public Company Limited to Report Q2, 2020 Results on Aug 10, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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