NER-R Stock Overview

Engages in the manufacture and sale of rubber products in Thailand. More details

NER-R fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	5/6
Financial Health	4/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (4.8x) is below the TH market (13.8x)

Earnings are forecast to grow 12.8% per year

Earnings grew by 20.9% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 7.42% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

North East Rubber Public Company Limited Competitors

Inoue Rubber (Thailand)

SET:IRC

฿2.8b

Hwa Fong Rubber (Thailand)

SET:HFT

฿2.7b

Sri Trang Agro-Industry

SET:STA

฿26.1b

Goodyear (Thailand)

SET:GYT

฿1.3b

Price History & Performance

Summary of share price highs, lows and changes for North East Rubber
Historical stock prices
Current Share Price	฿4.58
52 Week High	฿6.45
52 Week Low	฿4.48
Beta	0.70
1 Month Change	-4.58%
3 Month Change	-12.76%
1 Year Change	-2.14%
3 Year Change	-35.49%
5 Year Change	64.75%
Change since IPO	122.33%

Recent updates

Shareholder Returns

	NER-R	TH Auto Components	TH Market
7D	-3.8%	-3.2%	-4.7%
1Y	-2.1%	-5.6%	-3.4%

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

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

Price Volatility

Is NER-R's price volatile compared to industry and market?
NER-R volatility
NER-R Average Weekly Movement	3.5%
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: NER-R has not had significant price volatility in the past 3 months compared to the TH market.

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

About the Company

Founded	Employees	CEO	Website
2006	n/a	Chuwit Jungtanasomboon	www.nerubber.com

North East Rubber Public Company Limited engages in the manufacture and sale of rubber products in Thailand. It offers rubber smoked sheets, skim block rubbers, mixtures rubber, livestock rubber mat, and standard Thai rubbers primarily for the automobile industry. The company also exports its products to China, Japan, Singapore, Bangladesh, and India.

North East Rubber Public Company Limited Fundamentals Summary

How do North East Rubber's earnings and revenue compare to its market cap?
NER-R fundamental statistics
Market cap	฿8.46b
Earnings (TTM)	฿1.75b
Revenue (TTM)	฿25.15b

4.8x

P/E Ratio

0.3x

P/S Ratio

Is NER-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NER-R income statement (TTM)
Revenue	฿25.15b
Cost of Revenue	฿22.38b
Gross Profit	฿2.77b
Other Expenses	฿1.01b
Earnings	฿1.75b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.95
Gross Margin	11.01%
Net Profit Margin	6.98%
Debt/Equity Ratio	111.5%

How did NER-R perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

36%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 00:37
End of Day Share Price	2024/12/20 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 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

North East Rubber Public Company Limited is covered by 6 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
Kalvalee Thongsomaung	Bualuang Securities PCL
Siriluck Pinthusoonthorn	Globlex Securities Co. Ltd.
Ploenjai Jirajarus	Krungsri Securities Public Company Limited