IRC-R Stock Overview

Engages in the research, development, manufacture, and distribution of motorcycle tires and tubes in Thailand and internationally. More details

IRC-R fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (8.9x) is below the TH market (13.8x)

Earnings grew by 95% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 6% per year for the next 3 years

Does not have a meaningful market cap (THB3B)

Shareholders have been diluted in the past year

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Inoue Rubber (Thailand) Public Company Limited Competitors

Hwa Fong Rubber (Thailand)

SET:HFT

฿2.7b

North East Rubber

SET:NER

฿8.5b

Goodyear (Thailand)

SET:GYT

฿1.3b

N.D. Rubber

SET:NDR

฿740.2m

Price History & Performance

Summary of share price highs, lows and changes for Inoue Rubber (Thailand)
Historical stock prices
Current Share Price	฿14.00
52 Week High	฿14.50
52 Week Low	฿9.10
Beta	0.55
1 Month Change	-0.71%
3 Month Change	-2.10%
1 Year Change	2.19%
3 Year Change	-20.90%
5 Year Change	-10.83%
Change since IPO	857.27%

Recent updates

Shareholder Returns

	IRC-R	TH Auto Components	TH Market
7D	0%	-3.2%	-4.7%
1Y	2.2%	-5.6%	-3.4%

Return vs Industry: IRC-R exceeded the TH Auto Components industry which returned -5.6% over the past year.

Return vs Market: IRC-R exceeded the TH Market which returned -3.4% over the past year.

Price Volatility

Is IRC-R's price volatile compared to industry and market?
IRC-R volatility
IRC-R Average Weekly Movement	1.6%
Auto Components Industry Average Movement	3.7%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: IRC-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: IRC-R's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1969	n/a	Praewphan Songhong	www.ircthailand.com

Inoue Rubber (Thailand) Public Company Limited engages in the research, development, manufacture, and distribution of motorcycle tires and tubes in Thailand and internationally. The company offers industrial elastomer parts, including rubber bushing, railway rubber, housing gaskets, rubber chips, grommets, rubber level crossing, hole protection, covers, cushion rubber, rubber protectors, bushing, rubber grommet, trim bonnet rear, and rubber isolator for agriculture and fishery, infrastructure project, construction, and other industries. It also offers automotive elastomer products, such as hose air intake, socket covers, lamp gasket, door grommet, column hole/cover assy-hole, weather strip inner and hood, shield fuel tank, gauge oil level, door stoppers, grommet, trunk lids, lens gasket, weather strip front window, rubber strap, rubber mirror, front grommet, and plugs for automotive industry.

Inoue Rubber (Thailand) Public Company Limited Fundamentals Summary

How do Inoue Rubber (Thailand)'s earnings and revenue compare to its market cap?
IRC-R fundamental statistics
Market cap	฿2.76b
Earnings (TTM)	฿311.50m
Revenue (TTM)	฿4.61b

8.9x

P/E Ratio

0.6x

P/S Ratio

Is IRC-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IRC-R income statement (TTM)
Revenue	฿4.61b
Cost of Revenue	฿4.03b
Gross Profit	฿581.11m
Other Expenses	฿269.61m
Earnings	฿311.50m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.58
Gross Margin	12.60%
Net Profit Margin	6.75%
Debt/Equity Ratio	0%

How did IRC-R perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

54%

Payout Ratio

Does IRC-R pay a reliable dividends?

See IRC-R dividend history and benchmarks

When do you need to buy IRC-R by to receive an upcoming dividend?
Inoue Rubber (Thailand) dividend dates
Ex Dividend Date	Feb 10 2025
Dividend Pay Date	Feb 28 2025
Days until Ex dividend	49 days
Days until Dividend pay date	67 days

Does IRC-R pay a reliable dividends?

See IRC-R dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 02:56
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

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 here.

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 .

Analyst Sources

Inoue Rubber (Thailand) Public Company Limited is covered by 7 analysts. 1 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
Jitra Amornthum	BNP Paribas Securities (Asia)
Suwat Bumrungchatudom	Bualuang Securities PCL
Naruedom Mujjalinkool	FSS International Advisory