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Eastern Water Resources Development and Management

DB:7ES1
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7ES1
DB
฿21B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Eastern Water Resources Development and Management Public Company Limited, together with its subsidiaries, develops and manages water distribution pipeline systems in the eastern seaboard area of Thailand. The last earnings update was 47 days ago. More info.


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7ES1 Share Price and Events
7 Day Returns
1.8%
DB:7ES1
-0.3%
Europe Water Utilities
-0.4%
DE Market
1 Year Returns
26.3%
DB:7ES1
5.2%
Europe Water Utilities
-6.2%
DE Market
7ES1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eastern Water Resources Development and Management (7ES1) 1.8% 7.5% 16.9% 26.3% 11.6% 44.2%
Europe Water Utilities -0.3% 7.2% 2% 5.2% -13.4% -3.7%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • 7ES1 outperformed the Water Utilities industry which returned 5.2% over the past year.
  • 7ES1 outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
7ES1
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Eastern Water Resources Development and Management's competitors could be found in our database.

7ES1 Value

 Is Eastern Water Resources Development and Management 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 Eastern Water Resources Development and Management 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 Eastern Water Resources Development and Management.

DB:7ES1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 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 DB:7ES1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Water Utilities Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.341 (1 + (1- 20%) (33.06%))
0.618
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 DB:7ES1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eastern Water Resources Development and Management 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.

DB:7ES1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 5%)
2019 919.89 Est @ -2.89% 876.11
2020 837.00 Analyst x1 759.24
2021 1,038.00 Analyst x1 896.77
2022 2,056.00 Analyst x1 1,691.73
2023 1,971.00 Analyst x1 1,544.62
2024 1,932.49 Est @ -1.95% 1,442.39
2025 1,907.39 Est @ -1.3% 1,355.91
2026 1,891.35 Est @ -0.84% 1,280.53
2027 1,881.51 Est @ -0.52% 1,213.25
2028 1,875.94 Est @ -0.3% 1,152.10
Present value of next 10 years cash flows ฿12,212.66
DB:7ES1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿1,875.94 × (1 + 0.23%) ÷ (5% – 0.23%)
฿39,434.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿39,434.10 ÷ (1 + 5%)10
฿24,218.34
DB:7ES1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿12,212.66 + ฿24,218.34
฿36,431.00
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿36,431.00 / 1,663.73
฿21.9
DB:7ES1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7ES1 represents 0.02746x of SET:EASTW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02746x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 21.90 x 0.02746
€0.60
Value per share (EUR) From above. €0.60
Current discount Discount to share price of €0.35
= -1 x (€0.35 - €0.60) / €0.60
42.5%

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

Current Discount
Amount off the current price Eastern Water Resources Development and Management is available for.
Intrinsic value
42%
Share price is €0.346 vs Future cash flow value of €0.60131
Current Discount Checks
For Eastern Water Resources Development and Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eastern Water Resources Development and Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eastern Water Resources Development and Management'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 Eastern Water Resources Development and Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eastern Water Resources Development and Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7ES1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿0.70
SET:EASTW Share Price ** SET (2019-06-25) in THB ฿12.6
Europe Water Utilities Industry PE Ratio Median Figure of 11 Publicly-Listed Water Utilities Companies 15.71x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.49x

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

** Primary Listing of Eastern Water Resources Development and Management.

DB:7ES1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 12.6 ÷ 0.70

17.98x

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

  • Eastern Water Resources Development and Management is overvalued based on earnings compared to the Europe Water Utilities industry average.
  • Eastern Water Resources Development and Management is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Eastern Water Resources Development and Management's expected growth come at a high price?
Raw Data
DB:7ES1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
8%per year
Global Water Utilities Industry PEG Ratio Median Figure of 18 Publicly-Listed Water Utilities Companies 2.41x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:7ES1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.98x ÷ 8%

2.26x

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

  • Eastern Water Resources Development and Management is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eastern Water Resources Development and Management's assets?
Raw Data
DB:7ES1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿6.59
SET:EASTW Share Price * SET (2019-06-25) in THB ฿12.6
Europe Water Utilities Industry PB Ratio Median Figure of 11 Publicly-Listed Water Utilities Companies 1.77x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:7ES1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.6 ÷ 6.59

1.91x

* Primary Listing of Eastern Water Resources Development and Management.

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

  • Eastern Water Resources Development and Management is overvalued based on assets compared to the Europe Water Utilities industry average.
X
Value checks
We assess Eastern Water Resources Development and Management'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 Water Utilities 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 Water Utilities industry average (and greater than 0)? (1 check)
  5. Eastern Water Resources Development and Management has a total score of 3/6, 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.

7ES1 Future Performance

 How is Eastern Water Resources Development and Management expected to perform in the next 1 to 3 years based on estimates from 2 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
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eastern Water Resources Development and Management expected to grow at an attractive rate?
  • Eastern Water Resources Development and Management's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Eastern Water Resources Development and Management's earnings growth is positive but not above the Germany market average.
  • Eastern Water Resources Development and Management's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7ES1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7ES1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 8%
DB:7ES1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.7%
Europe Water Utilities Industry Earnings Growth Rate Market Cap Weighted Average 0.1%
Global Water Utilities Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:7ES1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7ES1 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 4,913 1,417 1
2020-12-31 4,766 1,338 2
2019-12-31 4,510 1,187 2
DB:7ES1 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 4,340 1,884 1,157
2018-12-31 4,221 1,768 1,118
2018-09-30 4,238 1,838 1,104
2018-06-30 4,179 1,825 1,091
2018-03-31 4,190 1,982 1,160
2017-12-31 4,308 2,058 1,221
2017-09-30 4,312 2,059 1,248
2017-06-30 4,397 2,095 1,285
2017-03-31 4,452 2,103 1,295
2016-12-31 4,395 2,109 1,309
2016-09-30 4,397 2,257 1,341
2016-06-30 4,411 2,169 1,558

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eastern Water Resources Development and Management's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Eastern Water Resources Development and Management's revenue is expected to grow by 4.7% 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:7ES1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Eastern Water Resources Development and Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7ES1 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 0.85 0.85 0.85 1.00
2020-12-31 0.80 0.80 0.80 1.00
2019-12-31
DB:7ES1 Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 0.70
2018-12-31 0.67
2018-09-30 0.66
2018-06-30 0.65
2018-03-31 0.69
2017-12-31 0.73
2017-09-30 0.75
2017-06-30 0.78
2017-03-31 0.78
2016-12-31 0.79
2016-09-30 0.81
2016-06-30 0.93

*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.
  • Eastern Water Resources Development and Management is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eastern Water Resources Development and Management'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 Global 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.
Eastern Water Resources Development and Management 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.

7ES1 Past Performance

  How has Eastern Water Resources Development and Management 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 Eastern Water Resources Development and Management's growth in the last year to its industry (Water Utilities).
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.
  • Eastern Water Resources Development and Management's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Eastern Water Resources Development and Management's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Eastern Water Resources Development and Management's 1-year earnings growth is negative, it can't be compared to the Europe Water Utilities industry average.
Earnings and Revenue History
Eastern Water Resources Development and Management'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 Eastern Water Resources Development and Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7ES1 Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,340.43 1,156.56 500.99
2018-12-31 4,220.99 1,117.52 487.84
2018-09-30 4,238.05 1,103.58 492.62
2018-06-30 4,179.29 1,090.91 458.86
2018-03-31 4,190.20 1,159.92 455.26
2017-12-31 4,308.04 1,221.18 457.57
2017-09-30 4,312.45 1,247.50 424.48
2017-06-30 4,397.06 1,284.68 422.59
2017-03-31 4,451.54 1,294.57 426.29
2016-12-31 4,395.12 1,309.23 417.15
2016-09-30 4,397.44 1,340.90 419.80
2016-06-30 4,411.27 1,558.37 462.17
2016-03-31 4,418.59 1,554.58 462.99
2015-12-31 4,400.07 1,584.94 458.61
2015-09-30 4,337.96 1,580.83 433.26
2015-06-30 4,259.55 1,353.69 399.29
2015-03-31 4,255.25 1,371.28 413.04
2014-12-31 4,273.91 1,334.21 412.23
2014-09-30 4,189.79 1,265.34 434.53
2014-06-30 4,109.54 1,295.56 416.62
2014-03-31 4,009.45 1,315.47 374.48
2013-12-31 3,922.70 1,312.94 392.25
2013-09-30 3,919.39 1,341.15 474.20
2013-06-30 3,908.37 1,296.34 491.67
2013-03-31 3,808.55 1,284.81 511.30
2012-12-31 3,677.41 1,239.74 492.05
2012-09-30 3,605.93 1,277.83 378.98
2012-06-30 3,452.33 1,218.54 355.36

*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.
  • Eastern Water Resources Development and Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eastern Water Resources Development and Management used its assets more efficiently than the Europe Water Utilities industry average last year based on Return on Assets.
  • Eastern Water Resources Development and Management's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eastern Water Resources Development and Management'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 Water Utilities 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.
Eastern Water Resources Development and Management has a total score of 1/6, 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.

7ES1 Health

 How is Eastern Water Resources Development and Management'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 Eastern Water Resources Development and Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eastern Water Resources Development and Management's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eastern Water Resources Development and Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eastern Water Resources Development and Management'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 not covered by short term assets, assets are 0.2x 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 Eastern Water Resources Development and Management Company Filings, last reported 2 months ago.

DB:7ES1 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,148.62 6,927.45 715.75
2018-12-31 10,805.15 7,204.35 624.44
2018-09-30 10,570.75 7,270.25 107.49
2018-06-30 10,605.35 7,300.16 177.21
2018-03-31 10,734.42 7,071.26 213.71
2017-12-31 10,429.91 7,281.16 131.76
2017-09-30 10,210.41 7,578.07 183.56
2017-06-30 10,305.21 7,527.97 254.12
2017-03-31 10,413.55 7,446.08 357.44
2016-12-31 10,048.30 8,005.99 922.03
2016-09-30 9,809.11 8,060.89 499.76
2016-06-30 9,816.96 8,030.80 591.27
2016-03-31 9,882.09 8,197.91 1,016.54
2015-12-31 9,499.56 8,757.82 1,173.82
2015-09-30 9,226.64 8,757.73 1,050.39
2015-06-30 8,875.41 7,012.64 1,087.87
2015-03-31 8,925.22 6,179.00 442.56
2014-12-31 8,517.07 5,445.00 167.93
2014-09-30 8,241.37 5,327.75 173.03
2014-06-30 8,276.34 4,789.39 158.51
2014-03-31 8,271.77 4,570.39 274.98
2013-12-31 7,901.93 4,566.36 330.18
2013-09-30 7,719.47 4,573.61 423.66
2013-06-30 7,707.39 4,168.14 278.54
2013-03-31 7,716.75 4,366.47 733.00
2012-12-31 7,320.46 4,304.97 334.78
2012-09-30 7,106.07 4,262.36 302.77
2012-06-30 7,138.85 3,450.40 123.73
  • Eastern Water Resources Development and Management's level of debt (62.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.3% vs 62.2% today).
  • Debt is well covered by operating cash flow (27.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.8x coverage).
X
Financial health checks
We assess Eastern Water Resources Development and Management'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. Eastern Water Resources Development and Management 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.

7ES1 Dividends

 What is Eastern Water Resources Development and Management'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
3.73%
Current annual income from Eastern Water Resources Development and Management dividends. Estimated to be 3.87% next year.
If you bought €2,000 of Eastern Water Resources Development and Management shares you are expected to receive €75 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?
  • Eastern Water Resources Development and Management's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Eastern Water Resources Development and Management's dividend is below the markets top 25% of dividend payers in Germany (3.88%).
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:7ES1 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 2 Analyst Estimates (S&P Global) See Below
Europe Water Utilities Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:7ES1 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.47 1.00
2020-12-31 0.50 2.00
2019-12-31 0.49 2.00
DB:7ES1 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-22 0.470 4.082
2018-08-09 0.440 4.021
2018-02-20 0.470 4.106
2017-08-31 0.500 4.074
2017-04-18 0.470 3.826
2016-05-11 0.470 3.921
2016-04-25 0.470 3.740
2015-08-21 0.460 3.896
2015-05-14 0.450 3.875
2015-02-13 0.450 4.093
2014-08-27 0.430 3.945
2014-02-24 0.420 3.731
2013-08-30 0.440 3.515
2013-05-10 0.440 3.403
2013-03-12 0.440 3.016
2012-08-23 0.500 3.821
2012-04-02 0.420 4.362
2011-02-15 0.380 6.146
2010-08-25 0.380 6.051
2010-03-22 0.350 7.261
2009-11-12 0.200 4.550
2009-08-13 0.200 5.279
2009-05-14 0.250 7.034
2008-12-24 0.250 8.868
2008-11-28 0.250 9.606

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Eastern Water Resources Development and Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Eastern Water Resources Development and Management'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 Eastern Water Resources Development and Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eastern Water Resources Development and Management has a total score of 4/6, see the detailed checks below.


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

7ES1 Management

 What is the CEO of Eastern Water Resources Development and Management'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
Jirayut Rungsrithong
COMPENSATION ฿680,000
AGE 51
TENURE AS CEO 3.2 years
CEO Bio

Mr. Jirayut Rungsrithong has been the Chief Executive Officer and President at Eastern Water Resources Development and Management Public Company Limited since April 1, 2016 and was its Acting EVP and Chief Strategy Officer (CSTO) since May 2018. Mr. Rungsrithong served as the Chief Executive Officer of CAT Telecom Public Company Limited since September 16, 2009 and served as its President. He served as Managing Director for Investment Banking Group of Bualuang Securities Public Company Limited from October 10, 2005 to February 18, 2006. He has been a Director at Eastern Water Resources Development and Management Public Company Limited since April 01, 2016. He served as an Independent Director of Christiani & Nielsen (Thai) Public Company Limited from November 14, 2013 to September 11, 2015. He served as a Director of CAT Telecom Public Company Limited. Mr. Rungsrithong holds a Bachelor of Engineering in Computer Engineering from King Mongkut's Institute of Technology - Ladkrabang and Master of Science in Operations Research from Cleveland State University, U.S.A.

CEO Compensation
  • Jirayut's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jirayut's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Eastern Water Resources Development and Management management team in years:

1.7
Average Tenure
50
Average Age
  • The average tenure for the Eastern Water Resources Development and Management management team is less than 2 years, this suggests a new team.
Management Team

Jirayut Rungsrithong

TITLE
President
COMPENSATION
฿680K
AGE
51
TENURE
3.2 yrs

Sombat Yusamart

TITLE
Senior EVP & CFO
AGE
47
TENURE
1.7 yrs

Bordin Udol

TITLE
Senior EVP
AGE
49
TENURE
1.7 yrs

Phanumart Preebua

TITLE
Vice President of Accounting Department
AGE
41
TENURE
1.7 yrs

Araya Ponvichai

TITLE
Vice President of Business Administration Department
AGE
47
TENURE
1.7 yrs

Chatkaew Poomarin

TITLE
Vice President of Corporate Communication Department
AGE
38
TENURE
1.1 yrs

Doungrat Pitak

TITLE
Vice President of Human Resource Department
AGE
53
TENURE
2 yrs

Namphon Rassadanukul

TITLE
Executive VP & Company Secretary
COMPENSATION
฿41K
AGE
55

Cherdchai Pitiwacharakul

TITLE
Senior Executive Vice President
AGE
53
TENURE
3.8 yrs

Thidarut Kraiprasit

TITLE
Executive Vice President of Internal Audit Office
AGE
54
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Eastern Water Resources Development and Management board of directors in years:

2.6
Average Tenure
64
Average Age
  • The average tenure for the Eastern Water Resources Development and Management board of directors is less than 3 years, this suggests a new board.
Board of Directors

Veerasak Kositpaisal

TITLE
Chairman
AGE
63
TENURE
1.2 yrs

Jirayut Rungsrithong

TITLE
President
COMPENSATION
฿680K
AGE
51
TENURE
3.2 yrs

Tatchada Jitmahawong

TITLE
Independent Director
COMPENSATION
฿2M
AGE
60
TENURE
4.5 yrs

Surachai Kanasa

TITLE
Independent Director
COMPENSATION
฿271K
AGE
61
TENURE
1.9 yrs

Asvini Tailanga

TITLE
Independent Director
AGE
65
TENURE
1.2 yrs

Siwa Sangmanee

TITLE
Advisor to the Board
COMPENSATION
฿155K
AGE
73
TENURE
1.7 yrs

Amorn Laohamontri

TITLE
Independent Director
COMPENSATION
฿1M
AGE
67
TENURE
4.5 yrs

Premjiras Tanathaipakdee

TITLE
Independent Director
COMPENSATION
฿1M
AGE
44
TENURE
4.5 yrs

Vicha Nilpetploy

TITLE
Advisor to the Board
AGE
69
TENURE
3.4 yrs

Trairat Rangaratna

TITLE
Advisor to the Board
AGE
67
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Eastern Water Resources Development and Management'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. Eastern Water Resources Development and Management 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.

7ES1 News

Simply Wall St News

7ES1 Company Info

Description

Eastern Water Resources Development and Management Public Company Limited, together with its subsidiaries, develops and manages water distribution pipeline systems in the eastern seaboard area of Thailand. It produces and supplies tap water; provides water treatment, waterworks management, operation and maintenance management, and engineering services; recycles water; and supplies raw water. Eastern Water Resources Development and Management Public Company Limited was founded in 1992 and is headquartered in Bangkok, Thailand.

Details
Name: Eastern Water Resources Development and Management Public Company Limited
7ES1
Exchange: DB
Founded: 1992
฿599,213,920
1,663,725,149
Website: http://www.eastwater.com
Address: Eastern Water Resources Development and Management Public Company Limited
East Water Building,
23rd-26th Floors,
Bangkok,
10900,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET EASTW Ordinary Shares The Stock Exchange of Thailand TH THB 28. Jul 1997
SET EASTW-R THB1(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
DB 7ES1 THB1(NVDR) Deutsche Boerse AG DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Eastern Water Resources Development and Management employees.
Industry
Water Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 03:18
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/06/18
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
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.