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

NER is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (34.1x).

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

NER is good value based on its Price-To-Earnings Ratio (5.1x) compared to the TH Auto Components industry average (10.9x).

What is NER'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.

NER is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).

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

NER (THB4.8) is trading above our estimate of [[fair value]] (THB1.66)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

North East Rubber (SET:NER) - Stock Price, News & Analysis

NER Stock Overview

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

NER fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	4/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (5.1x) is below the TH market (15x)

Earnings are forecast to grow 7.77% per year

Earnings grew by 20.9% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 35.8%

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 7.08% is not well covered by free cash flows

North East Rubber Public Company Limited Competitors

Inoue Rubber (Thailand)

SET:IRC

฿2.7b

Hwa Fong Rubber (Thailand)

SET:HFT

฿2.8b

Sri Trang Agro-Industry

SET:STA

฿27.5b

N.D. Rubber

SET:NDR

฿1.2b

Price History & Performance

Summary of all time highs, changes and price drops for North East Rubber
Historical stock prices
Current Share Price	฿4.80
52 Week High	฿6.45
52 Week Low	฿4.48
Beta	0.70
11 Month Change	-3.61%
3 Month Change	0.84%
1 Year Change	2.56%
33 Year Change	-35.57%
5 Year Change	86.05%
Change since IPO	133.01%

Recent updates

Shareholder Returns

	NER	TH Auto Components	TH Market
7D	-1.6%	-0.7%	0.3%
1Y	2.6%	-2.7%	3.2%

Return vs Industry: NER exceeded the TH Auto Components industry which returned -2.7% over the past year.

Return vs Market: NER matched the TH Market which returned 3.2% over the past year.

Price Volatility

Is NER's price volatile compared to industry and market?
NER volatility
NER Average Weekly Movement	4.1%
Auto Components Industry Average Movement	3.5%
Market Average Movement	4.6%
10% most volatile stocks in TH Market	10.0%
10% least volatile stocks in TH Market	2.4%

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

Volatility Over Time: NER'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 fundamental statistics
Market cap	฿8.87b
Earnings (TTM)	฿1.75b
Revenue (TTM)	฿25.15b

5.1x

P/E Ratio

0.4x

P/S Ratio

Is NER overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NER 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 perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

36%

Payout Ratio

NER Stock Overview

Rewards

Risk Analysis

North East Rubber Public Company Limited Competitors

SET:IRC

฿2.7b

SET:HFT

฿2.8b

SET:STA

฿27.5b

SET:NDR

฿1.2b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: ฿0.20 (vs ฿0.17 in 3Q 2023)

Now 20% overvalued

Now 24% overvalued

First half dividend of ฿0.05 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations

North East Rubber Public Company Limited Announces Interim Dividend for the Period January 1, 2024 to June 30, 2024, Payable on September 6, 2024

Recent updates

Third quarter 2024 earnings released: EPS: ฿0.20 (vs ฿0.17 in 3Q 2023)

Now 20% overvalued

Now 24% overvalued

First half dividend of ฿0.05 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations

North East Rubber Public Company Limited Announces Interim Dividend for the Period January 1, 2024 to June 30, 2024, Payable on September 6, 2024

Now 20% overvalued

First quarter 2024 earnings released: EPS: ฿0.24 (vs ฿0.17 in 1Q 2023)

Northeast Rubber Public Company Limited Announces Committee Changes

Price target decreased by 7.7% to ฿6.58

Upcoming dividend of ฿0.29 per share

Final dividend reduced to ฿0.29

North East Rubber Public Company Limited Proposes Dividend for the Year 2023, Payable on May 9, 2024

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

Now 21% undervalued

Price target increased by 12% to ฿6.53

Now 20% undervalued

North East Rubber Public Company Limited Announces Executive Changes

New major risk - Financial position

Third quarter 2023 earnings released: EPS: ฿0.17 (vs ฿0.29 in 3Q 2022)

Price target decreased by 7.6% to ฿6.05

Upcoming dividend of ฿0.05 per share at 7.8% yield

Second quarter 2023 earnings released: EPS: ฿0.25 (vs ฿0.21 in 2Q 2022)

North East Rubber Public Company Limited Announces Interim Dividend for the Period January 1, 2023 to June 30, 2023, Payable on September 8, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of ฿0.31 per share at 6.3% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 13%

Insufficient new directors

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to ฿9.30

Upcoming dividend of ฿0.07 per share

Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.28 in 2Q 2021)

North East Rubbers Public Company Limited Announces Interim Dividend for the period from 01 January, 2022 to 30 June, 2022, Payable on September 07, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

Upcoming dividend of ฿0.36 per share

North East Rubbers Public Company Limited Proposes the Dividend Payment for the Year 2021, Payable on May 6, 2022

North East Rubbers Public Company Limited Approves and Proposes Dividend, Payable on May 6, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Price target increased to ฿10.95

Price target increased to ฿10.35

Third quarter 2021 earnings released: EPS ฿0.27 (vs ฿0.099 in 3Q 2020)

Price target increased to ฿10.10

Upcoming dividend of ฿0.07 per share

Second quarter 2021 earnings released: EPS ฿0.30 (vs ฿0.15 in 2Q 2020)

Consensus revenue estimates increase to ฿24.1b

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS ฿0.23 (vs ฿0.039 in 1Q 2020)

Upcoming dividend of ฿0.15 per share

Analysts increase EPS estimates to ฿0.77

Full year 2020 earnings released: EPS ฿0.56 (vs ฿0.35 in FY 2019)

Revenue and earnings beat expectations

North East Rubbers Public Company Limited, Annual General Meeting, Apr 08, 2021

New 90-day high: ฿5.35

New 90-day high: ฿5.05

Third quarter 2020 earnings released: EPS ฿0.099

New 90-day high: ฿4.98

North East Rubbers Public Company Limited Announces Resignation of Mrs.Siriraks Khawchaimaha from Director, Executive Committee, and Chief Business Development Officer