IRC Stock Overview
Inoue Rubber (Thailand) Public Company Limited engages in the research, development, manufacture, and distribution of motorcycle tires and tubes in Thailand and internationally.
Inoue Rubber (Thailand) Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||฿14.90|
|52 Week High||฿19.40|
|52 Week Low||฿14.00|
|1 Month Change||1.36%|
|3 Month Change||-1.33%|
|1 Year Change||-19.46%|
|3 Year Change||-17.22%|
|5 Year Change||-39.18%|
|Change since IPO||-37.92%|
Recent News & Updates
|IRC||TH Auto Components||TH Market|
Return vs Industry: IRC exceeded the TH Auto Components industry which returned -24% over the past year.
Return vs Market: IRC underperformed the TH Market which returned 0.1% over the past year.
|IRC Average Weekly Movement||2.2%|
|Auto Components Industry Average Movement||5.2%|
|Market Average Movement||5.1%|
|10% most volatile stocks in TH Market||10.8%|
|10% least volatile stocks in TH Market||2.6%|
Stable Share Price: IRC is less volatile than 75% of TH stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: IRC's weekly volatility (2%) has been stable over the past year.
About the Company
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 rubber parts, including rubber bushing, railway rubber, housing gasket, rubber chip, grommet, rubber level crossing, hole protection, covers, cushion rubber, rubber protector, trim bonnet rear, and rubber isolator for sport track, agriculture and fishery, infrastructure project, construction, and other industries. It also 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; and cover rubbers, socket body products, rubber seats, grommets, guide chains, chain guards, vale comp inlets, rollers, sprockets, O-ring, float, pealing fuel, and rubber bushes for motorcycle industry.
Inoue Rubber (Thailand) Fundamentals Summary
|IRC fundamental statistics|
Is IRC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IRC income statement (TTM)|
|Cost of Revenue||฿5.00b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.93|
|Net Profit Margin||3.20%|
How did IRC perform over the long term?See historical performance and comparison
5.9%Current Dividend Yield
Is IRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IRC?
Other financial metrics that can be useful for relative valuation.
|What is IRC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does IRC's PE Ratio compare to its peers?
|IRC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HFT Hwa Fong Rubber (Thailand)
NDR N.D. Rubber
TRV T.R.V. Rubber Products
NER North East Rubbers
IRC Inoue Rubber (Thailand)
Price-To-Earnings vs Peers: IRC is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (17.1x).
Price to Earnings Ratio vs Industry
How does IRC's PE Ratio compare vs other companies in the Asian Auto Components Industry?
Price-To-Earnings vs Industry: IRC is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the TH Auto Components industry average (16.1x)
Price to Earnings Ratio vs Fair Ratio
What is IRC'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.
|Current PE Ratio||16.1x|
|Fair PE Ratio||9.1x|
Price-To-Earnings vs Fair Ratio: IRC is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).
Share Price vs Fair Value
What is the Fair Price of IRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IRC (THB14.9) is trading above our estimate of fair value (THB11.42)
Significantly Below Fair Value: IRC is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: IRC is good value based on its PEG Ratio (0.4x)
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How is Inoue Rubber (Thailand) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRC's forecast earnings growth (37.2% per year) is above the savings rate (2%).
Earnings vs Market: IRC's earnings (37.2% per year) are forecast to grow faster than the TH market (18.6% per year).
High Growth Earnings: IRC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IRC's revenue (7.5% per year) is forecast to grow slower than the TH market (10.3% per year).
High Growth Revenue: IRC's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IRC's Return on Equity is forecast to be high in 3 years time
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How has Inoue Rubber (Thailand) performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRC has high quality earnings.
Growing Profit Margin: IRC's current net profit margins (3.2%) are lower than last year (6.8%).
Past Earnings Growth Analysis
Earnings Trend: IRC's earnings have declined by 13.6% per year over the past 5 years.
Accelerating Growth: IRC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IRC had negative earnings growth (-43%) over the past year, making it difficult to compare to the Auto Components industry average (47%).
Return on Equity
High ROE: IRC's Return on Equity (4.8%) is considered low.
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How is Inoue Rubber (Thailand)'s financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: IRC's short term assets (THB3.0B) exceed its short term liabilities (THB1.2B).
Long Term Liabilities: IRC's short term assets (THB3.0B) exceed its long term liabilities (THB360.1M).
Debt to Equity History and Analysis
Debt Level: IRC is debt free.
Reducing Debt: IRC currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: IRC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IRC has no debt, therefore coverage of interest payments is not a concern.
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What is Inoue Rubber (Thailand) current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRC's dividend (5.94%) is higher than the bottom 25% of dividend payers in the TH market (1.79%).
High Dividend: IRC's dividend (5.94%) is in the top 25% of dividend payers in the TH market (5.47%)
Stability and Growth of Payments
Stable Dividend: IRC's dividend payments have been volatile in the past 10 years.
Growing Dividend: IRC's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (96%), IRC's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (143.6%), IRC's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shigeki Yamada (59 yo)
Mr. Shigeki Yamada is President & Director of Inoue Rubber (Thailand) Public Company Limited from October 23, 2021.
Experienced Management: IRC's management team is considered experienced (4.8 years average tenure).
Experienced Board: IRC's board of directors are considered experienced (8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Inoue Rubber (Thailand) Public Company Limited's employee growth, exchange listings and data sources
- Name: Inoue Rubber (Thailand) Public Company Limited
- Ticker: IRC
- Exchange: SET
- Founded: 1969
- Industry: Tires and Rubber
- Sector: Automobiles
- Implied Market Cap: ฿2.864b
- Shares outstanding: 192.21m
- Website: https://www.ircthailand.com
- Inoue Rubber (Thailand) Public Company Limited
- No. 258, Soi Rangsit-Nakornnayok 49
- Prachathipat sub-district
- Pathum Thani
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/05 00:00|
|End of Day Share Price||2022/07/05 00:00|
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.