NC2 Stock Overview

Manufactures and distributes natural rubber products in Thailand, China, the United States, Singapore, Japan, and internationally. More details

NC2 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	1/6
Financial Health	3/6
Dividends	3/6

Rewards

Earnings are forecast to grow 58.05% per year

Risk Analysis

Dividend of 6.29% is not well covered by earnings or free cash flows

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Profit margins (0.4%) are lower than last year (1.1%)

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Sri Trang Agro-Industry Public Company Limited Competitors

Kenda Rubber Industrial

TWSE:2106

NT$27.1b

Aeolus Tyre

SHSE:600469

CN¥4.4b

Giti Tire

SHSE:600182

CN¥5.7b

JK Tyre & Industries

BSE:530007

₹78.2b

Price History & Performance

Summary of share price highs, lows and changes for Sri Trang Agro-Industry
Historical stock prices
Current Share Price	฿0.63
52 Week High	฿1.00
52 Week Low	฿0.58
Beta	0.55
1 Month Change	-8.09%
3 Month Change	-12.59%
1 Year Change	3.31%
3 Year Change	-50.79%
5 Year Change	12.61%
Change since IPO	-51.17%

Recent updates

Shareholder Returns

	NC2	SG Auto Components	SG Market
7D	5.0%	-1.3%	0.5%
1Y	3.3%	10.5%	15.0%

Return vs Industry: NC2 underperformed the SG Auto Components industry which returned 10.5% over the past year.

Return vs Market: NC2 underperformed the SG Market which returned 15% over the past year.

Price Volatility

Is NC2's price volatile compared to industry and market?
NC2 volatility
NC2 Average Weekly Movement	4.6%
Auto Components Industry Average Movement	5.4%
Market Average Movement	4.3%
10% most volatile stocks in SG Market	12.0%
10% least volatile stocks in SG Market	2.0%

Stable Share Price: NC2 has not had significant price volatility in the past 3 months compared to the SG market.

Volatility Over Time: NC2's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	n/a	Veerasith Sinchareonkul	www.sritranggroup.com

Sri Trang Agro-Industry Public Company Limited, together with its subsidiaries, manufactures and distributes natural rubber products in Thailand, China, the United States, Singapore, Japan, and internationally. The company operates through Natural Rubber Products, Gloves, and Other Businesses segments. The Natural Rubber Products segment manufactures, sells, and trade in ribbed smoked sheets, concentrated latex, and block rubbers.

Sri Trang Agro-Industry Public Company Limited Fundamentals Summary

How do Sri Trang Agro-Industry's earnings and revenue compare to its market cap?
NC2 fundamental statistics
Market cap	S$969.36m
Earnings (TTM)	S$15.64m
Revenue (TTM)	S$4.08b

62.0x

P/E Ratio

0.2x

P/S Ratio

Is NC2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NC2 income statement (TTM)
Revenue	฿102.83b
Cost of Revenue	฿92.53b
Gross Profit	฿10.29b
Other Expenses	฿9.90b
Earnings	฿393.99m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.26
Gross Margin	10.01%
Net Profit Margin	0.38%
Debt/Equity Ratio	65.5%

How did NC2 perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

394%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/16 07:05
End of Day Share Price	2025/02/14 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sri Trang Agro-Industry Public Company Limited is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anakepong Putthapibal	Asia Plus Securities Company Limited
Praphan Yukhunthorntham	CGS International
Megat Fais	Citigroup Inc