DB:NVAI

Stock Analysis Report

Executive Summary

Loxley Public Company Limited engages in the trading and turnkey contract sales of telecommunication equipment and other products in Thailand.


Snowflake Analysis

Reasonable growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

69.6%

NVAI

4.8%

DE Electronic

9.9%

DE Market


1 Year Return

-58.5%

NVAI

-27.5%

DE Electronic

-17.5%

DE Market

Return vs Industry: NVAI underperformed the German Electronic industry which returned -27.5% over the past year.

Return vs Market: NVAI underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

NVAIIndustryMarket
7 Day69.6%4.8%9.9%
30 Day-4.9%-20.4%-16.6%
90 Day-37.1%-23.6%-24.8%
1 Year-58.5%-58.5%-26.0%-27.5%-15.0%-17.5%
3 Year-74.7%-75.6%-3.4%-6.6%-17.4%-24.5%
5 Year-80.5%-82.1%55.2%43.9%-16.6%-28.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.48x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NVAI (€0.02) is trading above our estimate of fair value (€0.01)

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


Price To Earnings Ratio

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

PE vs Market: NVAI 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 NVAI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NVAI is good value based on its PB Ratio (0.5x) compared to the DE Electronic industry average (1.2x).


Next Steps

Future Growth

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

120.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NVAI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: NVAI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NVAI's is expected to become profitable in the next 3 years.

Revenue vs Market: NVAI's revenue (4.1% per year) is forecast to grow faster than the German market (4.1% per year).

High Growth Revenue: NVAI's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NVAI's Return on Equity is forecast to be low in 3 years time (5%).


Next Steps

Past Performance

How has Loxley performed over the past 5 years?

-64.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVAI is currently unprofitable.

Growing Profit Margin: NVAI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NVAI is unprofitable, and losses have increased over the past 5 years at a rate of -64.5% per year.

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

Earnings vs Industry: NVAI is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.4%).


Return on Equity

High ROE: NVAI has a negative Return on Equity (-15.33%), as it is currently unprofitable.


Next Steps

Financial Health

How is Loxley's financial position?


Financial Position Analysis

Short Term Liabilities: NVAI's short term assets (฿10.1B) exceed its short term liabilities (฿8.6B).

Long Term Liabilities: NVAI's short term assets (฿10.1B) exceed its long term liabilities (฿2.6B).


Debt to Equity History and Analysis

Debt Level: NVAI's debt to equity ratio (98.5%) is considered high.

Reducing Debt: NVAI's debt to equity ratio has increased from 40.3% to 98.5% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: NVAI's debt is covered by short term assets (assets are 2x 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: NVAI has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: NVAI has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

4.29%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NVAI'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 NVAI's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

6.2yrs

Average management tenure


CEO

Suroj Lamsam (52yo)

3.17s

Tenure

฿900,000

Compensation

Mr. Suroj Lamsam is a Director of QTC Energy Public Company Ltd. since August 29, 2017. Mr. Lamsam has been President at Loxley Public Company Limited since January 1, 2017 and serves as its Director since ...


Leadership Team

NamePositionTenureCompensationOwnership
Dhongchai Lamsam
Chairman of Board2yrs฿1.64m1.18% ฿780.8k
Suroj Lamsam
Chairman of the Management Board3.17yrs฿900.00k0.075% ฿49.6k
Suebtrakul Soontornthum
Vice Chairman of the Board2yrs฿1.14mno data
Chalermchoke Lamsam
MD, Member of Management Board & Director9.25yrs฿900.00k0.44% ฿288.5k
Supat Karachalkul
First Executive VP9.17yrsno datano data
Nimit Prasertsuk
Executive VP & Member of Management Boardno datano datano data
Karn Thongyai
First Executive VP & Member of Management Boardno datano datano data
Saknarong Sangsangaphong
First Executive VP & Member of Management Boardno datano datano data
Patra Laohapolwatana
Senior Vice President of International Legal Affairsno datano datano data
Komson Rungruengsorakarn
Senior Vice President of Corporate Communication Administrationno datano datano data

6.2yrs

Average Tenure

57yo

Average Age

Experienced Management: NVAI's management team is seasoned and experienced (6.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dhongchai Lamsam
Chairman of Board2yrs฿1.64m1.18% ฿780.8k
Suroj Lamsam
Chairman of the Management Board3.17yrs฿900.00k0.075% ฿49.6k
Suebtrakul Soontornthum
Vice Chairman of the Board2yrs฿1.14mno data
Chalermchoke Lamsam
MD, Member of Management Board & Director9.25yrs฿900.00k0.44% ฿288.5k
Krisada Lamsam
Director2yrs฿500.00kno data
Vasant Chatikavanij
Director26.83yrs฿900.00k0.099% ฿65.5k
Sukit Wanglee
Honorary Chairman2yrs฿400.00kno data
Harit Sutabutr
Independent Director26.83yrs฿1.26mno data
Supavud Saicheua
Independent Director13yrs฿1.06mno data
Rawat Chamchalerm
Independent Director3.83yrs฿900.00kno data

6.5yrs

Average Tenure

67yo

Average Age

Experienced Board: NVAI's board of directors are considered experienced (6.5 years average tenure).


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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Loxley Public Company Limited
  • Ticker: NVAI
  • Exchange: DB
  • Founded: 1939
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: ฿2.378b
  • Listing Market Cap: ฿66.152m
  • Shares outstanding: 2.26b
  • Website: https://www.loxley.co.th

Location

  • Loxley Public Company Limited
  • No. 102 Na Ranong Road
  • Klong Toey Subdistrict
  • Bangkok
  • 10110
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LOXLEYSET (The Stock Exchange of Thailand)YesCommon SharesTHTHBJan 1994
LOXLEY-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1(ALIEN MARKET)THTHBFeb 1994
NVAIDB (Deutsche Boerse AG)THB1(NVDR)DEEURAug 2001
LOXLEY-RSET (The Stock Exchange of Thailand)THB1(NVDR)THTHBAug 2001

Biography

Loxley Public Company Limited engages in the trading and turnkey contract sales of telecommunication equipment and other products in Thailand. The company operates through six segments: Information Technology Business Group, Food Services & Distribution Business Group, Energy Business Group, Network Solutions Business Group, Services Business Group, and Special and other businesses. It is involved in the service of information technology equipment and computer systems; trading of computers and computer programs; sale and service of prepaid electronic cash cards; system integration of power systems; trading and installation of elevators and escalators; manufacture and distribution of citrus essential oil and electricity; renting of buildings and advertising boards; and planning, designing, installing, and construction of solar power plants, substations, processing power stations, transmission lines, electric wires, and cables. The company also provides food services; airport and other security services; telecommunication and computerized database services; submarine cable network services; engineering services for telecommunication network systems; and advisory services on garbage and waste management, as well as operation of a waste disposal plant for electricity generation. In addition, it is involved in the manufacture, assembly, and trading of electricity automotive; and sale, service, and installation of automatic telephone switching systems. Further, the company manufactures, assembles, trades in, rents, leases, imports, and exports vehicles and spare parts; imports, exports, and distributes virtual learning services and systems; and manufactures and installs compressors, steam generators, pressure tanks, filters, and conveyor belts. The company was formerly known as Loxley (Bangkok) Company Limited and changed its name to Loxley Public Company Limited in April 1993. Loxley Public Company Limited was founded in 1939 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 Analysis2020/03/31 20:41
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
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.