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Bangkok Expressway and Metro

DB:B4X
Snowflake Description

Proven track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
B4X
DB
฿162B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Bangkok Expressway and Metro Public Company Limited, together with its subsidiaries, engages in the construction and management of expressways in Thailand. The last earnings update was 105 days ago. More info.


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B4X Share Price and Events
7 Day Returns
-6.9%
DB:B4X
2.8%
DE Infrastructure
2.2%
DE Market
1 Year Returns
55.7%
DB:B4X
-15.1%
DE Infrastructure
-11%
DE Market
B4X Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bangkok Expressway and Metro (B4X) -6.9% 3.3% 29% 55.7% 203.2% -
DE Infrastructure 2.8% 6.2% 9% -15.1% 6.8% -2.6%
DE Market 2.2% 2.7% 1.6% -11% 13.6% 6.8%
1 Year Return vs Industry and Market
  • B4X outperformed the Infrastructure industry which returned -15.1% over the past year.
  • B4X outperformed the Market in Germany which returned -11% over the past year.
Price Volatility
B4X
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Bangkok Expressway and Metro's competitors could be found in our database.

B4X Value

 Is Bangkok Expressway and Metro 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 Expressway and Metro 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bangkok Expressway and Metro.

DB:B4X Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:B4X
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.53 (1 + (1- 20%) (38.09%))
0.692
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 * 9.77%)
8.05%

Discounted Cash Flow Calculation for DB:B4X using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bangkok Expressway and Metro is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:B4X DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (THB, Millions) 599.00 3,843.50 4,535.33 5,306.34 6,155.35
Source Analyst x2 Analyst x2 Est @ 18%, capped from 23.36% Est @ 17%, capped from 23.36% Est @ 16%, capped from 23.36%
Present Value
Discounted (@ 8.05%)
554.40 3,292.40 3,595.73 3,893.74 4,180.39
Present value of next 5 years cash flows ฿15,516.66
DB:B4X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ฿6,155.35 × (1 + 0.23%) ÷ (8.05% – 0.23%)
฿78,916.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ฿78,916.60 ÷ (1 + 8.05%)5
฿53,596.07
DB:B4X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ฿15,516.66 + ฿53,596.07
฿69,112.73
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿69,112.73 / 15,285.00
฿0.12
DB:B4X Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:B4X represents 0.02689x of SET:BEM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02689x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 4.52 x 0.02689
€0.12
Value per share (EUR) From above. €0.12
Current discount Discount to share price of €0.29
= -1 x (€0.29 - €0.12) / €0.12
-134.4%

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

  • The current share price of Bangkok Expressway and Metro is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Expressway and Metro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bangkok Expressway and Metro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:B4X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in THB ฿0.37
SET:BEM Share Price ** SET (2019-02-22) in THB ฿10.6
Europe Infrastructure Industry PE Ratio Median Figure of 30 Publicly-Listed Infrastructure Companies 19.44x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.09x

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

** Primary Listing of Bangkok Expressway and Metro.

DB:B4X PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 10.6 ÷ 0.37

28.97x

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

  • Bangkok Expressway and Metro is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Bangkok Expressway and Metro is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Bangkok Expressway and Metro's expected growth come at a high price?
Raw Data
DB:B4X PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
-6.8%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 20 Publicly-Listed Infrastructure Companies 2.06x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:B4X PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.97x ÷ -6.8%

-4.26x

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

  • Bangkok Expressway and Metro earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bangkok Expressway and Metro's assets?
Raw Data
DB:B4X PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in THB ฿2.32
SET:BEM Share Price * SET (2019-02-22) in THB ฿10.6
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.62x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.8x
DB:B4X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.6 ÷ 2.32

4.57x

* Primary Listing of Bangkok Expressway and Metro.

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

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

B4X Future Performance

 How is Bangkok Expressway and Metro expected to perform in the next 1 to 3 years based on estimates from 13 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
-6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bangkok Expressway and Metro expected to grow at an attractive rate?
  • Bangkok Expressway and Metro's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bangkok Expressway and Metro's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Bangkok Expressway and Metro's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:B4X Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:B4X Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts -6.8%
DB:B4X Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 8.4%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 5.5%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:B4X Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:B4X 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
2020-12-31 18,525 8,843 4,834 12
2019-12-31 16,895 8,179 4,009 13
2018-12-31 15,700 9,070 5,458 12
DB:B4X Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2018-09-30 15,449 7,924 5,592
2018-06-30 15,402 7,576 3,412
2018-03-31 15,308 7,145 3,157
2017-12-31 15,153 7,150 3,123
2017-09-30 15,065 7,041 2,957
2017-06-30 14,596 5,392 2,824
2017-03-31 13,810 4,131 2,606
2016-12-31 13,104 3,845 2,606
2016-09-30 12,380 3,287 2,071
2016-06-30 11,903 4,278 2,782
2016-03-31 11,842 4,642 2,774
2015-12-31 11,738 4,162 2,650

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bangkok Expressway and Metro's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Bangkok Expressway and Metro's revenue is expected to grow by 8.4% 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:B4X Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Bangkok Expressway and Metro Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B4X 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
2020-12-31 0.31 0.44 0.20 10.00
2019-12-31 0.26 0.34 0.20 11.00
2018-12-31 0.37 0.40 0.36 6.00
DB:B4X Past Financials Data
Date (Data in THB Millions) EPS *
2018-09-30 0.37
2018-06-30 0.23
2018-03-31 0.20
2017-12-31 0.20
2017-09-30 0.20
2017-06-30 0.18
2017-03-31 0.17
2016-12-31 0.17
2016-09-30 0.13
2016-06-30 0.18
2016-03-31 0.18
2015-12-31 0.17

*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 Expressway and Metro is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bangkok Expressway and Metro'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.
Bangkok Expressway and Metro 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.

B4X Past Performance

  How has Bangkok Expressway and Metro 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 Expressway and Metro's growth in the last year to its industry (Infrastructure).
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 Expressway and Metro has delivered over 20% year on year earnings growth in the past 5 years.
  • Bangkok Expressway and Metro's 1-year earnings growth exceeds its 5-year average (89.1% vs 32%)
  • Bangkok Expressway and Metro's earnings growth has exceeded the Europe Infrastructure industry average in the past year (89.1% vs 7.6%).
Earnings and Revenue History
Bangkok Expressway and Metro'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 Expressway and Metro Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B4X Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 15,448.62 5,592.00 1,237.86
2018-06-30 15,401.83 3,412.48 1,213.14
2018-03-31 15,307.69 3,156.94 1,183.37
2017-12-31 15,153.43 3,123.13 1,144.25
2017-09-30 15,064.54 2,956.51 1,095.20
2017-06-30 14,596.08 2,824.29 1,106.09
2017-03-31 13,809.75 2,606.07 1,041.31
2016-12-31 13,104.14 2,605.85 988.61
2016-09-30 12,380.32 2,070.75 1,054.28
2016-06-30 11,902.54 2,782.24 1,030.76
2016-03-31 11,842.22 2,774.09 1,066.19
2015-12-31 11,737.58 2,649.74 1,115.14
2015-09-30 17,944.60 5,652.33 1,441.46
2015-06-30 15,648.44 3,973.66 1,267.85
2015-03-31 13,445.59 3,395.97 1,087.00
2014-12-31 11,233.90 2,744.54 923.45
2014-09-30 2,692.71 -414.00 276.10
2014-06-30 2,695.78 -478.86 274.73
2014-03-31 2,652.44 -570.01 268.95
2013-12-31 2,537.00 -767.46 231.79
2013-09-30 2,491.66 -750.72 235.15
2013-06-30 2,397.68 -846.30 243.08
2013-03-31 2,336.94 -953.51 237.32
2012-12-31 2,280.74 -978.92 247.57
2012-09-30 2,116.02 -1,222.04 264.39
2012-06-30 2,059.59 -1,157.78 243.97
2012-03-31 1,971.02 -1,169.06 243.97

*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 Expressway and Metro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bangkok Expressway and Metro used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Bangkok Expressway and Metro's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bangkok Expressway and Metro'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 Infrastructure 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 Expressway and Metro has a total score of 4/6, 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.

B4X Health

 How is Bangkok Expressway and Metro'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 Expressway and Metro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bangkok Expressway and Metro's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bangkok Expressway and Metro's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bangkok Expressway and Metro'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.
  • Debt is not covered by short term assets, assets are 0.1x 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 Bangkok Expressway and Metro Company Filings, last reported 4 months ago.

DB:B4X Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 35,610.27 61,718.72 2,199.83
2018-06-30 31,881.54 60,901.18 3,039.37
2018-03-31 31,949.70 61,199.92 2,334.11
2017-12-31 31,179.30 61,462.63 4,076.52
2017-09-30 30,329.70 64,123.44 7,442.68
2017-06-30 30,309.57 45,276.20 3,370.40
2017-03-31 30,506.41 46,940.37 7,898.31
2016-12-31 29,782.70 46,921.45 6,718.35
2016-09-30 29,252.29 44,817.34 4,114.14
2016-06-30 29,168.57 44,778.12 6,098.46
2016-03-31 29,817.89 40,048.74 3,445.27
2015-12-31 29,130.03 39,857.57 4,980.73
2015-09-30 7,881.72 10,053.39 395.68
2015-06-30 8,024.37 9,887.37 487.28
2015-03-31 8,152.52 9,700.60 522.43
2014-12-31 26,208.59 33,514.11 4,724.92
2014-09-30 8,449.67 9,446.91 752.46
2014-06-30 8,607.68 9,389.58 668.91
2014-03-31 8,684.16 10,825.59 2,170.75
2013-12-31 8,756.07 10,832.85 2,194.61
2013-09-30 311.17 16,803.31 186.19
2013-06-30 531.46 16,663.02 130.69
2013-03-31 703.16 16,527.48 122.95
2012-12-31 970.99 16,372.15 82.96
2012-09-30 1,041.57 16,214.93 72.06
2012-06-30 1,359.88 16,018.11 112.94
2012-03-31 1,638.47 15,724.06 108.32
  • Bangkok Expressway and Metro's level of debt (173.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4153.9% vs 173.3% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Bangkok Expressway and Metro'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 Expressway and Metro has a total score of 2/6, 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.

B4X Dividends

 What is Bangkok Expressway and Metro'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
1.23%
Current annual income from Bangkok Expressway and Metro dividends. Estimated to be 1.53% next year.
If you bought €2,000 of Bangkok Expressway and Metro shares you are expected to receive €25 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 Expressway and Metro's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.52%).
  • Bangkok Expressway and Metro's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
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:B4X 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 13 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:B4X Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.18 9.00
2019-12-31 0.15 10.00
2018-12-31 0.15 10.00
DB:B4X Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2018-08-22 0.130 1.435
2018-02-27 0.140 1.819
2017-11-09 0.120 1.555
2017-08-23 0.120 1.512
2017-02-22 0.120 1.639
2016-11-10 0.100 1.355
2016-09-09 0.100 1.380

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

  • Whilst dividend payments have been stable, Bangkok Expressway and Metro has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bangkok Expressway and Metro only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Bangkok Expressway and Metro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Bangkok Expressway and Metro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Expressway and Metro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bangkok Expressway and Metro has a total score of 2/6, see the detailed checks below.


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

B4X Management

 What is the CEO of Bangkok Expressway and Metro'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.
  • Bangkok Expressway and Metro has no CEO, or we have no data on them.
Management Team

Plew Trivisvavet

TITLE
Chairman of Executive Board & Vice Chairman
AGE
73

Sombat Kitjalaksana

TITLE
MD, Member of Executive Board & Executive Director
COMPENSATION
฿20K
AGE
61

Supong Chayutsahakij

TITLE
Member of Executive Board & Executive Director
COMPENSATION
฿20K
AGE
76

Phongsarit Tantisuvanitchkul

TITLE
Member of Executive Board & Executive Director
COMPENSATION
฿10K
AGE
45

Panan Tosuwanthaworn

TITLE
Deputy Managing Director of Finance
AGE
50
TENURE
3.2 yrs

Payao Marittanaporn

TITLE
MD, Member of Executive Board & Executive Director
AGE
61

Vites Techangam

TITLE
Deputy Managing Director of Technology & E-Business
AGE
61

Phakpoom Thaweewittayarut

TITLE
Head of Compliance Unit
AGE
51
TENURE
3.2 yrs

Pongprach Ramyarupa

TITLE
Vice President of Marketing and Services Development

Chartchai Praditpong

TITLE
Senior Vice President of Public Relations and Corporate Affairs
AGE
63
Board of Directors Tenure

Average tenure and age of the Bangkok Expressway and Metro board of directors in years:

9.9
Average Tenure
74
Average Age
  • The tenure for the Bangkok Expressway and Metro board of directors is about average.
Board of Directors

Virabongsa Ramangkura

TITLE
Chairman of the Board
AGE
75
TENURE
3.2 yrs

Plew Trivisvavet

TITLE
Chairman of Executive Board & Vice Chairman
AGE
73
TENURE
3.2 yrs

Sombat Kitjalaksana

TITLE
MD, Member of Executive Board & Executive Director
COMPENSATION
฿20K
AGE
61
TENURE
14.8 yrs

Supong Chayutsahakij

TITLE
Member of Executive Board & Executive Director
COMPENSATION
฿20K
AGE
76
TENURE
14.8 yrs

Phongsarit Tantisuvanitchkul

TITLE
Member of Executive Board & Executive Director
COMPENSATION
฿10K
AGE
45
TENURE
4.8 yrs

Payao Marittanaporn

TITLE
MD, Member of Executive Board & Executive Director
AGE
61

Vitoon Tejatussanasoontorn

TITLE
Independent Director
COMPENSATION
฿400K
AGE
77
TENURE
13.8 yrs

Chetta Thanajaro

TITLE
Independent Director
COMPENSATION
฿635K
AGE
79
TENURE
13.8 yrs

Sampao Choosri

TITLE
Independent Director
AGE
77
TENURE
3.2 yrs

Vallapa Assakul

TITLE
Independent Director
COMPENSATION
฿255K
AGE
68
TENURE
9.9 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 Bangkok Expressway and Metro'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 Expressway and Metro 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.

B4X News

Simply Wall St News

B4X Company Info

Map
Description

Bangkok Expressway and Metro Public Company Limited, together with its subsidiaries, engages in the construction and management of expressways in Thailand. It is also involved in the operation of metro services, including the repair, maintenance, and improvement of equipment and materials. The company operates and manages the Si Rat Expressway, the Si Rat - Outer Ring Road Expressway, and the Udon Ratthaya Expressway, as well as the Chaloem Ratchamongkhon Line and MRT Chalong Ratchadham Line projects. In addition, it undertakes commercial developments related to the expressways; and engages in the rental of retail space, and provision of advertising services, as well as offers telecommunication services in underground train stations. The company was founded in 1998 and is headquartered in Bangkok, Thailand.

Details
Name: Bangkok Expressway and Metro Public Company Limited
B4X
Exchange: DB
Founded: 1998
฿4,561,414,841
15,285,000,000
Website: http://www.bemplc.co.th
Address: Bangkok Expressway and Metro Public Company Limited
587 Sutthisarn Road,
Dindaeng Subdistrict,
Bangkok,
10400,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET BEM Ordinary Shares The Stock Exchange of Thailand TH THB 05. Jan 2016
DB B4X THB1(ALIEN MARKET) Deutsche Boerse AG DE EUR 05. Jan 2016
SET BEM-R THB1(NVDR) The Stock Exchange of Thailand TH THB 05. Jan 2016
THAMSE BEM-F THB1(ALIEN MARKET) Bangkok-Alien Market Stock Exchange TH THB 05. Jan 2016
Number of employees
Current staff
Staff numbers
0
Bangkok Expressway and Metro employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 22:39
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2018/11/09
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.