Inoue Rubber (Thailand) (SET:IRC-R) - Stock Price, News & Analysis

IRC-R Stock Overview

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

About the company

IRC-R fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (7.6x) is below the TH market (14.6x)

Revenue is forecast to grow 10.43% per year

Earnings grew by 156.1% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 15% per year for the next 3 years

Does not have a meaningful market cap (THB3B)

Unstable dividend track record

Large one-off items impacting financial results

Inoue Rubber (Thailand) Public Company Limited Competitors

Hwa Fong Rubber (Thailand)

SET:HFT

฿2.9b

North East Rubber

SET:NER

฿9.2b

Goodyear (Thailand)

SET:GYT

฿1.2b

T.R.V. Rubber Products

SET:TRV

฿504.0m

Price History & Performance

Summary of all time highs, changes and price drops for Inoue Rubber (Thailand)
Historical stock prices
Current Share Price	฿14.10
52 Week High	฿14.50
52 Week Low	฿9.10
Beta	0.52
11 Month Change	2.17%
3 Month Change	10.16%
1 Year Change	6.82%
33 Year Change	-17.06%
5 Year Change	-4.08%
Change since IPO	864.11%

Recent updates

Shareholder Returns

	IRC-R	TH Auto Components	TH Market
7D	0%	-0.5%	1.4%
1Y	6.8%	6.1%	3.7%

Return vs Industry: IRC-R matched the TH Auto Components industry which returned 6.1% over the past year.

Return vs Market: IRC-R exceeded the TH Market which returned 3.7% 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	2.4%
Auto Components Industry Average Movement	3.8%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.9%
10% least volatile stocks in TH Market	2.5%

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 also provides industrial elastomer parts, including rubber bushing, railway rubber, housing gaskets, rubber chips, grommets, rubber level crossing, hole protection, covers, cushion rubber, rubber protectors, trim bonnet rear, and rubber isolator for agriculture and fishery, infrastructure project, construction, and other industries. In addition, it offers automotive elastomer products, such as hose air intake, socket covers, lamp and lens gasket, door and front grommets, column hole/cover assy-hole, weather strip inner and hood, shield fuel tank, gauge oil level, door stoppers, trunk lids, weather strip front window, rubber strap and mirror, and plug 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	฿2.71b
Earnings (TTM)	฿354.48m
Revenue (TTM)	฿4.95b

7.6x

P/E Ratio

0.5x

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	฿4.95b
Cost of Revenue	฿4.13b
Gross Profit	฿829.03m
Other Expenses	฿474.54m
Earnings	฿354.48m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.84
Gross Margin	16.73%
Net Profit Margin	7.15%
Debt/Equity Ratio	0%

How did IRC-R perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

23%

Payout Ratio