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Robinson

BST:R9O
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R9O
BST
฿66B
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

Robinson Public Company Limited, together with its subsidiaries, operates a chain of department stores under the Robinson brand in Thailand. The last earnings update was 59 days ago. More info.


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R9O Share Price and Events
7 Day Returns
1.2%
BST:R9O
1.9%
Europe Multiline Retail
1.8%
DE Market
1 Year Returns
-3%
BST:R9O
2.8%
Europe Multiline Retail
-6%
DE Market
R9O Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Robinson (R9O) 1.2% 0.1% -15.2% -3% 23.8% 43.7%
Europe Multiline Retail 1.9% 5.8% 14.5% 2.8% -11% -30%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • R9O underperformed the Multiline Retail industry which returned 2.8% over the past year.
  • R9O outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
R9O
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Robinson 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 Robinson 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 Robinson.

BST:R9O Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
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 BST:R9O
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Multiline Retail Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.539 (1 + (1- 20%) (1.03%))
0.694
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 BST:R9O using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Robinson is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:R9O DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 5%)
2019 2,527.74 Analyst x8 2,407.47
2020 3,009.58 Analyst x11 2,729.98
2021 3,739.50 Analyst x6 3,230.69
2022 4,992.00 Analyst x1 4,107.56
2023 6,397.00 Analyst x1 5,013.17
2024 7,506.94 Est @ 17.35% 5,603.07
2025 8,423.84 Est @ 12.21% 5,988.26
2026 9,149.82 Est @ 8.62% 6,194.85
2027 9,708.07 Est @ 6.1% 6,260.05
2028 10,129.32 Est @ 4.34% 6,220.89
Present value of next 10 years cash flows ฿47,756.00
BST:R9O DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿10,129.32 × (1 + 0.23%) ÷ (5% – 0.23%)
฿212,928.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿212,928.22 ÷ (1 + 5%)10
฿130,769.27
BST:R9O Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿47,756.00 + ฿130,769.27
฿178,525.27
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿178,525.27 / 1,110.66
฿160.74
BST:R9O Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:R9O represents 0.02646x of SET:ROBINS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02646x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 160.74 x 0.02646
€4.25
Value per share (EUR) From above. €4.25
Current discount Discount to share price of €1.56
= -1 x (€1.56 - €4.25) / €4.25
63.3%

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

Current Discount
Amount off the current price Robinson is available for.
Intrinsic value
>50%
Share price is €1.56 vs Future cash flow value of €4.25
Current Discount Checks
For Robinson to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Robinson's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Robinson'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 Robinson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Robinson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:R9O PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in THB ฿2.64
SET:ROBINS Share Price ** SET (2019-04-18) in THB ฿59
Europe Multiline Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Multiline Retail Companies 16.27x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Robinson.

BST:R9O PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 59 ÷ 2.64

22.31x

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

  • Robinson is overvalued based on earnings compared to the Europe Multiline Retail industry average.
  • Robinson is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Robinson's expected growth come at a high price?
Raw Data
BST:R9O PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
9.7%per year
Europe Multiline Retail Industry PEG Ratio Median Figure of 5 Publicly-Listed Multiline Retail Companies 1.91x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

BST:R9O PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.31x ÷ 9.7%

2.29x

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

  • Robinson is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Robinson's assets?
Raw Data
BST:R9O PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in THB ฿16.22
SET:ROBINS Share Price * SET (2019-04-18) in THB ฿59
Europe Multiline Retail Industry PB Ratio Median Figure of 10 Publicly-Listed Multiline Retail Companies 1.48x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
BST:R9O PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 59 ÷ 16.22

3.64x

* Primary Listing of Robinson.

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

  • Robinson is overvalued based on assets compared to the Europe Multiline Retail industry average.
X
Value checks
We assess Robinson'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 Multiline Retail 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 Multiline Retail industry average (and greater than 0)? (1 check)
  5. Robinson has a total score of 2/6, 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 Robinson expected to perform in the next 1 to 3 years based on estimates from 18 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
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Robinson expected to grow at an attractive rate?
  • Robinson's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Robinson's earnings growth is positive but not above the Germany market average.
  • Robinson's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:R9O Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:R9O Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 9.7%
BST:R9O Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts -1.5%
Europe Multiline Retail Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Europe Multiline Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
BST:R9O Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:R9O Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 29,763 6,401 3,907 8
2020-12-31 29,224 5,993 3,641 14
2019-12-31 27,917 5,382 3,261 14
BST:R9O Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2018-12-31 31,570 5,114 2,937
2018-09-30 27,639 4,896 2,941
2018-06-30 27,411 5,163 2,887
2018-03-31 27,238 4,615 2,793
2017-12-31 30,307 4,996 2,742
2017-09-30 26,977 4,613 2,931
2017-06-30 26,797 3,896 2,830
2017-03-31 26,855 4,099 2,838
2016-12-31 27,000 3,419 2,815
2016-09-30 26,958 3,553 2,506
2016-06-30 26,754 3,530 2,394
2016-03-31 26,514 3,431 2,225

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Robinson's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • Robinson's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
BST:R9O 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 18 Analyst Estimates (S&P Global) See Below

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

BST:R9O Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.58 4.00 3.32 8.00
2020-12-31 3.27 3.60 3.00 16.00
2019-12-31 2.94 3.17 2.84 15.00
BST:R9O Past Financials Data
Date (Data in THB Millions) EPS *
2018-12-31 2.64
2018-09-30 2.65
2018-06-30 2.60
2018-03-31 2.52
2017-12-31 2.47
2017-09-30 2.64
2017-06-30 2.55
2017-03-31 2.56
2016-12-31 2.53
2016-09-30 2.26
2016-06-30 2.16
2016-03-31 2.00

*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.
  • Robinson is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Robinson'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Robinson has a total score of 1/6, 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 Robinson 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 Robinson's growth in the last year to its industry (Multiline Retail).
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.
  • Robinson's year on year earnings growth rate has been positive over the past 5 years.
  • Robinson's 1-year earnings growth is less than its 5-year average (7.1% vs 10.5%)
  • Robinson's earnings growth has not exceeded the Europe Multiline Retail industry average in the past year (7.1% vs 23.1%).
Earnings and Revenue History
Robinson'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 Robinson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:R9O Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 31,570.35 2,936.69 7,973.07
2018-09-30 27,639.27 2,940.67 7,870.38
2018-06-30 27,410.65 2,887.19 7,778.37
2018-03-31 27,237.65 2,793.49 7,723.98
2017-12-31 30,307.31 2,741.54 7,600.17
2017-09-30 26,977.34 2,931.08 7,570.15
2017-06-30 26,797.10 2,829.96 7,504.57
2017-03-31 26,855.44 2,838.46 7,420.18
2016-12-31 26,999.98 2,815.08 7,361.79
2016-09-30 26,958.46 2,506.47 7,366.98
2016-06-30 26,754.26 2,394.06 7,308.80
2016-03-31 26,513.67 2,224.96 7,194.67
2015-12-31 26,146.88 2,153.04 7,060.10
2015-09-30 25,567.94 2,047.34 6,862.85
2015-06-30 25,280.12 2,002.62 6,600.01
2015-03-31 24,881.88 2,003.03 6,372.05
2014-12-31 24,746.22 1,927.49 6,191.82
2014-09-30 24,551.92 1,894.14 6,015.85
2014-06-30 24,644.55 1,966.25 5,867.21
2014-03-31 24,703.19 1,973.01 5,725.96
2013-12-31 25,053.29 1,985.71 5,567.90
2013-09-30 24,778.30 1,674.82 5,414.09
2013-06-30 24,090.09 1,626.06 5,174.16
2013-03-31 23,497.00 1,647.02 4,953.74
2012-12-31 22,252.61 1,658.10 4,674.82
2012-09-30 20,980.95 1,713.25 4,306.41
2012-06-30 20,043.89 1,709.69 4,056.83

*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.
  • Robinson has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Robinson used its assets more efficiently than the Europe Multiline Retail industry average last year based on Return on Assets.
  • Robinson 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 Robinson'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 Multiline Retail 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.
Robinson 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 Robinson'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 Robinson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Robinson's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Robinson's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Robinson'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.3x debt.
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 Robinson Company Filings, last reported 3 months ago.

BST:R9O Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 18,822.23 674.71 1,897.46
2018-09-30 18,229.22 1,484.29 1,104.75
2018-06-30 17,529.88 1,895.21 1,071.11
2018-03-31 18,324.83 1,703.45 1,630.62
2017-12-31 17,521.94 1,768.24 1,808.78
2017-09-30 16,676.71 2,867.16 1,534.71
2017-06-30 16,049.01 3,228.61 1,008.45
2017-03-31 16,947.64 2,745.39 1,757.76
2016-12-31 16,196.82 3,267.30 2,254.52
2016-09-30 15,139.99 3,308.01 1,128.11
2016-06-30 14,596.58 3,881.56 1,496.96
2016-03-31 15,188.42 3,581.56 1,886.08
2015-12-31 14,450.96 3,581.56 2,116.83
2015-09-30 13,504.87 4,034.54 974.31
2015-06-30 13,067.13 3,533.51 1,000.60
2015-03-31 13,707.52 2,649.20 1,313.64
2014-12-31 13,039.75 2,653.51 1,921.53
2014-09-30 12,384.55 2,324.50 1,095.83
2014-06-30 11,984.57 2,120.00 1,101.54
2014-03-31 12,615.22 600.00 1,275.58
2013-12-31 12,012.54 0.00 2,100.32
2013-09-30 11,380.90 0.00 1,346.43
2013-06-30 10,905.26 0.00 1,583.00
2013-03-31 11,482.73 0.00 3,841.35
2012-12-31 10,855.87 0.00 4,062.57
2012-09-30 9,881.29 0.00 1,962.01
2012-06-30 9,449.22 0.00 2,056.09
  • Robinson's level of debt (3.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 3.6% today).
  • Debt is well covered by operating cash flow (757.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 166.5x coverage).
X
Financial health checks
We assess Robinson'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. Robinson has a total score of 4/6, 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 Robinson'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
2.29%
Current annual income from Robinson dividends. Estimated to be 2.7% next year.
If you bought €2,000 of Robinson shares you are expected to receive €46 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?
  • Robinson's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Robinson's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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
BST:R9O 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 18 Analyst Estimates (S&P Global) See Below
Europe Multiline Retail Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:R9O Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.74 9.00
2020-12-31 1.63 17.00
2019-12-31 1.46 15.00
BST:R9O Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-22 1.350 2.239
2018-02-16 1.250 1.935
2017-02-16 1.250 1.963
2016-02-19 1.000 1.739
2015-04-08 0.900 2.153
2014-02-20 0.900 1.766
2013-02-21 0.900 1.557
2012-11-08 0.650 0.976
2012-08-08 0.650 1.049
2012-05-10 0.650 1.105
2012-02-23 0.650 1.285
2011-08-09 0.620 1.651
2011-05-04 0.620 1.982
2011-04-21 0.620 2.281
2010-05-14 0.420 2.116
2010-04-23 0.420 3.256
2009-05-14 0.400 3.980
2009-04-23 0.400 5.057

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Robinson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Robinson'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 Robinson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Robinson has a total score of 5/6, 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 Robinson'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
Wuttikiat Techamongklapiwat
COMPENSATION ฿34,000
AGE 43
TENURE AS CEO 1.4 years
CEO Bio

Mr. Wuttikiat Techamongklapiwat has been President of Robinson Public Company Limited since November 1, 2017. Mr. Techamongklapiwat served as Executive Vice President of Property and Lifestyle Mall at Robinson Public Company Limited until November 1, 2017 and also served as its Senior Vice President of Property & Lifestyle Mall since June 14, 2016. Mr. Techamongklapiwat served as Vice President of Property & Lifestyle Mall at Robinson Public Company Limited, since 2014 until June 14, 2016. Mr. Techamongklapiwat served as Vice President of Food Service & CP Freshmart Charoen Pokphand Foods Public Company Limited since 2010 until 2012. Head of Leasing Eak - Chai Distribution System Co., Ltd., since 2012 until 2014. He has been a Director of Robinson Public Company Limited since November 1, 2017 and serves as its Member of Executive Board. He holds MBA in marketing strategic from Assumption University, BA in Finance, California State University San Bernardino, and CA. USA. AA General Business and Administration from Grossmont College, CA. USA.

CEO Compensation
  • Insufficient data for Wuttikiat to compare compensation growth.
  • Wuttikiat's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Robinson management team in years:

1.3
Average Tenure
49
Average Age
  • The average tenure for the Robinson management team is less than 2 years, this suggests a new team.
Management Team

Wuttikiat Techamongklapiwat

TITLE
President & Director
COMPENSATION
฿34K
AGE
43
TENURE
1.4 yrs

Prin Chirathivat

TITLE
Executive Director
COMPENSATION
฿600K
AGE
56
TENURE
1.3 yrs

Pandit Mongkolkul

TITLE
Executive Director
COMPENSATION
฿653K
AGE
54

Piya Nguiakaramahawongse

TITLE
Executive Director
COMPENSATION
฿551K
AGE
60

Yuwadee Chirathivat

TITLE
Executive Director
COMPENSATION
฿653K
AGE
64

Ekachai Nitasanajarukul

TITLE
Senior VP & CFO
AGE
37
TENURE
1.3 yrs

Anan Tantipanyakul

TITLE
Executive VP & Chief Operating Officer
AGE
51
TENURE
0.3 yrs

Jiraphan Thongtan

TITLE
General Manager of Investor Relations Department
AGE
44
TENURE
6.3 yrs

Jonathan Morris

TITLE
Executive VP & Chief Marketing Officer
AGE
47
TENURE
0.3 yrs

Sorrawis Polpasee

TITLE
Assistant Vice President of Human Resource
AGE
43
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the Robinson board of directors in years:

13
Average Tenure
65.5
Average Age
  • The average tenure for the Robinson board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Sudhisak Chirathivat

TITLE
Chairman of the Board of Directors
COMPENSATION
฿662K
AGE
73
TENURE
13.3 yrs

Wuttikiat Techamongklapiwat

TITLE
President & Director
COMPENSATION
฿34K
AGE
43
TENURE
1.4 yrs

Sudhitham Chirathivat

TITLE
Vice Chairman of the Board
COMPENSATION
฿677K
AGE
70
TENURE
15.3 yrs

Prin Chirathivat

TITLE
Executive Director
COMPENSATION
฿600K
AGE
56
TENURE
13 yrs

Pandit Mongkolkul

TITLE
Executive Director
COMPENSATION
฿653K
AGE
54
TENURE
23 yrs

Piya Nguiakaramahawongse

TITLE
Executive Director
COMPENSATION
฿551K
AGE
60
TENURE
13 yrs

Yuwadee Chirathivat

TITLE
Executive Director
COMPENSATION
฿653K
AGE
64
TENURE
5.2 yrs

Somchai Apiwattanaporn

TITLE
Independent Director
COMPENSATION
฿848K
AGE
67
TENURE
13 yrs

Charan Mongkolchan

TITLE
Independent Director
COMPENSATION
฿781K
AGE
69
TENURE
11 yrs

Yodhin Anavil

TITLE
Independent Director
COMPENSATION
฿725K
AGE
68
TENURE
8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Robinson'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. Robinson 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

Robinson Public Company Limited, together with its subsidiaries, operates a chain of department stores under the Robinson brand in Thailand. The company operates 49 stores. It also engages in rental activities. The company was formerly known as Robinson Department Store Public Company Limited and changed its name to Robinson Public Company Limited in May 2017. Robinson Public Company Limited was founded in 1979 and is headquartered in Bangkok, Thailand.

Details
Name: Robinson Public Company Limited
R9O
Exchange: BST
Founded: 1979
฿1,825,113,105
1,110,661,000
Website: http://www.robinson.co.th
Address: Robinson Public Company Limited
14-17, Rama 9 Road,
9/9 14th-17th Floor,
Bangkok,
10310,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET ROBINS Ordinary Shares The Stock Exchange of Thailand TH THB 16. Jan 1992
SET ROBINS-R NON VTG DEP RCPT REP 1 ORD THB3.55 The Stock Exchange of Thailand TH THB 26. Nov 2002
THAMSE ROBINS-F THB3.55 (ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 10. Mar 1993
BST R9O THB3.55 (ALIEN MKT) Boerse-Stuttgart DE EUR 10. Mar 1993
Number of employees
Current staff
Staff numbers
0
Robinson employees.
Industry
Department Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
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.