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AH

AAPICO Hitech SET:AH Stock Report

Last Price

฿21.50

Market Cap

฿7.6b

7D

-0.5%

1Y

-3.2%

Updated

01 Jul, 2022

Data

Company Financials +
AH fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends4/6

AH Stock Overview

AAPICO Hitech Public Company Limited engages in the manufacture and distribution of automobile parts, dies, and jigs in Thailand, China, Malaysia, and Portugal.

AAPICO Hitech Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AAPICO Hitech
Historical stock prices
Current Share Price฿21.50
52 Week High฿28.50
52 Week Low฿19.80
Beta1.37
1 Month Change-10.42%
3 Month Change-12.60%
1 Year Change-3.15%
3 Year Change21.91%
5 Year Change-12.41%
Change since IPO486.37%

Recent News & Updates

Shareholder Returns

AHTH Auto ComponentsTH Market
7D-0.5%-2.2%0.2%
1Y-3.2%-22.9%1.0%

Return vs Industry: AH exceeded the TH Auto Components industry which returned -23.1% over the past year.

Return vs Market: AH underperformed the TH Market which returned -0.4% over the past year.

Price Volatility

Is AH's price volatile compared to industry and market?
AH volatility
AH Average Weekly Movement4.0%
Auto Components Industry Average Movement5.2%
Market Average Movement5.0%
10% most volatile stocks in TH Market10.7%
10% least volatile stocks in TH Market2.6%

Stable Share Price: AH is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aSwee Yeaphttps://www.aapico.com

AAPICO Hitech Public Company Limited engages in the manufacture and distribution of automobile parts, dies, and jigs in Thailand, China, Malaysia, and Portugal. It operates in three segments: Manufacture of Auto Parts; Sales of Automobiles and Provision of Automobiles Repair Service; and Others. The company offers stamped or pressed parts, including chassis frame components, housing axles parts, pressed and stamped body parts, door check link, and brake lines, fuel lines, engine, and brazing parts; forged and machined parts, such as transmission, power train, steering and suspension systems, engine, shafts, wheel hubs, and other parts, as well as connecting rods and copper forged parts; and plastic parts and plastic fuel tanks.

AAPICO Hitech Fundamentals Summary

How do AAPICO Hitech's earnings and revenue compare to its market cap?
AH fundamental statistics
Market Cap฿7.63b
Earnings (TTM)฿1.02b
Revenue (TTM)฿21.92b

7.5x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AH income statement (TTM)
Revenue฿21.92b
Cost of Revenue฿19.30b
Gross Profit฿2.63b
Other Expenses฿1.61b
Earnings฿1.02b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.86
Gross Margin11.98%
Net Profit Margin4.63%
Debt/Equity Ratio79.6%

How did AH perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is AH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AH?

Other financial metrics that can be useful for relative valuation.

AH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA8x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does AH's PE Ratio compare to its peers?

AH PE Ratio vs Peers
The above table shows the PE ratio for AH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.1x
SAT Somboon Advance Technology
8.5x12.7%฿7.6b
3K-BAT Thai Energy Storage Technology
36.4xn/a฿5.8b
FPI Fortune Parts Industry
11.8xn/a฿4.4b
PCSGH P.C.S. Machine Group Holding
11.6xn/a฿7.6b
AH AAPICO Hitech
7.5x11.5%฿7.6b

Price-To-Earnings vs Peers: AH is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (17.1x).


Price to Earnings Ratio vs Industry

How does AH's PE Ratio compare vs other companies in the Asian Auto Components Industry?

Price-To-Earnings vs Industry: AH is good value based on its Price-To-Earnings Ratio (7.5x) compared to the TH Auto Components industry average (15.9x)


Price to Earnings Ratio vs Fair Ratio

What is AH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: AH is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).


Share Price vs Fair Value

What is the Fair Price of AH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AH (THB21.5) is trading below our estimate of fair value (THB38.67)

Significantly Below Fair Value: AH is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: AH is good value based on its PEG Ratio (0.7x)


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Future Growth

How is AAPICO Hitech forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AH's forecast earnings growth (11.5% per year) is above the savings rate (2%).

Earnings vs Market: AH's earnings (11.5% per year) are forecast to grow slower than the TH market (18.5% per year).

High Growth Earnings: AH's earnings are forecast to grow, but not significantly.

Revenue vs Market: AH's revenue (6.5% per year) is forecast to grow slower than the TH market (10.2% per year).

High Growth Revenue: AH's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AH's Return on Equity is forecast to be low in 3 years time (13.5%).


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Past Performance

How has AAPICO Hitech performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AH has high quality earnings.

Growing Profit Margin: AH's current net profit margins (4.6%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: AH's earnings have declined by 14.7% per year over the past 5 years.

Accelerating Growth: AH's earnings growth over the past year (346%) exceeds its 5-year average (-14.7% per year).

Earnings vs Industry: AH earnings growth over the past year (346%) exceeded the Auto Components industry 47%.


Return on Equity

High ROE: AH's Return on Equity (11.1%) is considered low.


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Financial Health

How is AAPICO Hitech's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AH's short term assets (THB7.4B) do not cover its short term liabilities (THB10.0B).

Long Term Liabilities: AH's short term assets (THB7.4B) exceed its long term liabilities (THB4.4B).


Debt to Equity History and Analysis

Debt Level: AH's net debt to equity ratio (72.3%) is considered high.

Reducing Debt: AH's debt to equity ratio has increased from 36.5% to 79.6% over the past 5 years.

Debt Coverage: AH's debt is well covered by operating cash flow (41.2%).

Interest Coverage: AH's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


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Dividend

What is AAPICO Hitech current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.37%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AH's dividend (4.37%) is higher than the bottom 25% of dividend payers in the TH market (1.79%).

High Dividend: AH's dividend (4.37%) is low compared to the top 25% of dividend payers in the TH market (5.42%).


Stability and Growth of Payments

Stable Dividend: AH's dividend payments have been volatile in the past 10 years.

Growing Dividend: AH's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.9%), AH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (16.8%), AH's dividend payments are well covered by cash flows.


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Management

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

10.3yrs

Average board tenure


CEO

Swee Yeap (74 yo)

26.42yrs

Tenure

Mr. Swee Chuan Yeap is the Founder of AAPICO Hitech Public Company Limited. Mr. Yeap has been the President and Chief Executive Officer of AAPICO Hitech Public Company Limited since 1996. He serves as Vice...


Board Members

Experienced Board: AH's board of directors are seasoned and experienced ( 10.3 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

AAPICO Hitech Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: AAPICO Hitech Public Company Limited
  • Ticker: AH
  • Exchange: SET
  • Founded: 1996
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: ฿7.629b
  • Shares outstanding: 354.84m
  • Website: https://www.aapico.com

Location

  • AAPICO Hitech Public Company Limited
  • 99 Moo 1 Hitech Industrial Estate
  • Tambol Ban Lane
  • Phra Nakhon Si Ayutthaya
  • 13160
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.