BST:TDZ2

Stock Analysis Report

Samart Digital

Executive Summary

Samart Digital Public Company Limited, together with its subsidiaries, distributes communications and electronics equipment in Thailand and internationally.

Risk Analysis

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

Highly volatile share price over past 3 months

+ 1 more risk


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Samart Digital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TDZ2's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

TDZ2

1.9%

DE Electronic

0.06%

DE Market


1 Year Return

-75.0%

TDZ2

8.5%

DE Electronic

14.8%

DE Market

Return vs Industry: TDZ2 underperformed the German Electronic industry which returned 9.5% over the past year.

Return vs Market: TDZ2 underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

TDZ2IndustryMarket
7 Day0%1.9%0.06%
30 Day-33.3%0.2%1.8%
90 Day-50.0%7.5%7.1%
1 Year-75.0%-75.0%11.0%8.5%18.4%14.8%
3 Year-87.2%-90.2%54.2%49.4%17.4%7.0%
5 Yearn/a119.5%103.2%27.9%10.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Samart Digital undervalued compared to its fair value and its price relative to the market?

2.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TDZ2 (€0) is trading above our estimate of fair value (€0)

Significantly Below Fair Value: TDZ2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TDZ2 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: TDZ2 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TDZ2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TDZ2 is overvalued based on its PB Ratio (3x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Samart Digital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

55.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TDZ2 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TDZ2 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TDZ2 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if TDZ2's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if TDZ2's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TDZ2's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Samart Digital performed over the past 5 years?

-55.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TDZ2 is currently unprofitable.

Growing Profit Margin: TDZ2 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TDZ2 is unprofitable, and losses have increased over the past 5 years at a rate of -55.1% per year.

Accelerating Growth: Unable to compare TDZ2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TDZ2 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (3.1%).


Return on Equity

High ROE: TDZ2 has a negative Return on Equity (-140.54%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Samart Digital's financial position?


Financial Position Analysis

Short Term Liabilities: TDZ2's short term assets (฿2.1B) do not cover its short term liabilities (฿4.0B).

Long Term Liabilities: TDZ2's short term assets (฿2.1B) exceed its long term liabilities (฿746.1M).


Debt to Equity History and Analysis

Debt Level: TDZ2's debt to equity ratio (436.4%) is considered high.

Reducing Debt: TDZ2's debt to equity ratio has increased from 135.3% to 436.4% over the past 5 years.


Balance Sheet

Inventory Level: TDZ2 has a high level of physical assets or inventory.

Debt Coverage by Assets: TDZ2's debt is not covered by short term assets (assets are 0.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TDZ2 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TDZ2 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Samart Digital's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.5%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TDZ2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TDZ2's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TDZ2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TDZ2's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TDZ2 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TDZ2's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Samart Digital's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average management tenure


CEO

Watchai Vilailuck (56yo)

3.2yrs

Tenure

฿235,000

Compensation

Mr. Watchai Vilailuck has been the Chief Executive Officer of Samart I-Mobile Public Company Limited since November 1, 2016. Mr. Vilailuck served as Acting Managing Director - Service Provider Business at  ...


Management Age and Tenure

3.9yrs

Average Tenure

53yo

Average Age

Experienced Management: TDZ2's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

16.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: TDZ2's board of directors are seasoned and experienced ( 16.3 years average tenure).


Insider Trading

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 been substantially diluted in the past year, with total shares outstanding growing by 64.8%.


Management Team

  • Pracha Phathayakorn (55yo)

    Chief Operating Officer

    • Tenure: 4.4yrs
    • Compensation: ฿158.60k
  • Watchai Vilailuck (56yo)

    CEO, Acting Head of Mobile Business & Director

    • Tenure: 3.2yrs
    • Compensation: ฿235.00k
  • Sukanya Vanichjakvong (53yo)

    Acting Head of Non-Mobile Business & Executive Director

    • Tenure: 4.2yrs
    • Compensation: ฿193.70k
  • Boonrut Mongkolratanakorn (56yo)

    Head of Internal Audit

    • Tenure: 16.3yrs
  • Kitanun Rakkasikorn (49yo)

    Managing Director of Samart Multimedia Co Ltd & Managing Director of I-Sport Co Ltd

    • Pongthep Vichaikul (37yo)

      Head of Investor Relations

      • Hiran Phanbanlaem

        Acting Vice President of Finance

        • Tenure: 2.1yrs
      • Wichai Rongkawilit (52yo)

        Head of Internal Audit & Internal Audit Manager

        • Tenure: 3.9yrs

      Board Members

      • Charoenrath Vilailuck (59yo)

        Director

        • Tenure: 16.3yrs
        • Compensation: ฿235.00k
      • Chotivid Chayavadhanangkur (71yo)

        Independent Director

        • Tenure: 16.3yrs
        • Compensation: ฿505.00k
      • Watchai Vilailuck (56yo)

        CEO, Acting Head of Mobile Business & Director

        • Tenure: 3.2yrs
        • Compensation: ฿235.00k
      • Sukanya Vanichjakvong (53yo)

        Acting Head of Non-Mobile Business & Executive Director

        • Tenure: 4.2yrs
        • Compensation: ฿193.70k
      • Kunthit Arunyakananda (53yo)

        Independent Director

        • Tenure: 16.3yrs
        • Compensation: ฿445.00k
      • Piyapan Champasut (71yo)

        Independent Chairman of the Board of Directors

        • Compensation: ฿300.00k
      • Teerachai Phongpanangam

        Director

        • Tenure: 1.2yrs

      Company Information

      Samart Digital Public Company Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Samart Digital Public Company Limited
      • Ticker: TDZ2
      • Exchange: BST
      • Founded: 1995
      • Industry: Technology Distributors
      • Sector: Tech
      • Market Cap: ฿2.038b
      • Listing Market Cap: ฿60.472m
      • Shares outstanding: 11.32b
      • Website: https://www.i-mobilephone.com

      Location

      • Samart Digital Public Company Limited
      • Software Park Building
      • 26th Floor
      • Nonthaburi
      • Thailand

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      SDCSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBDec 2003
      SDC-RSET (The Stock Exchange of Thailand)THB0.10(NVDR)THTHBDec 2003
      TDZ2BST (Boerse-Stuttgart)THB0.10 (ALIEN)DEEURDec 2003

      Biography

      Samart Digital Public Company Limited, together with its subsidiaries, distributes communications and electronics equipment in Thailand and internationally. The company operates in two segments, Mobile and Non-Mobile. The Mobile segment distributes mobile phones bundling with contents under the i-mobile and other brands; and provides retail and wholesale 3G services. The Non-Mobile segment offers voice, audiovisual or multimedia, and infotainment services through mobile phones; content services through multimedia channels; multimedia and interactive media services; Website services; and entertainment services, as well as produces television and radio programs, printed media, and billboards. The company also provides real estate agency, space rental, and other services. The company was formerly known as Samart I-Mobile Public Company Limited and changed its name to Samart Digital Public Company Limited in October 2017. The company was founded in 1995 and is based in Nonthaburi, Thailand. Samart Digital Public Company Limited is a subsidiary of Samart Corporation Public Company Limited. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/17 21:31
      End of Day Share Price2020/01/16 00:00
      Earnings2019/09/30
      Annual Earnings2018/12/31


      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.