Thai Stanley Electric (SET:STANLY-R) - Share price, News & Analysis

STANLY-R fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	4/6

STANLY-R Stock Overview

Thai Stanley Electric Public Company Limited manufactures and sells automotive bulbs, lighting equipment, molds and dies, and product designs primarily in Thailand.

Rewards

Trading at 70.1% below our estimate of its fair value

Earnings are forecast to grow 14.61% per year

Risk Analysis

Unstable dividend track record

Thai Stanley Electric Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Thai Stanley Electric
Historical stock prices
Current Share Price	฿183.50
52 Week High	฿198.50
52 Week Low	฿160.00
Beta	0.54
1 Month Change	10.54%
3 Month Change	3.67%
1 Year Change	-2.39%
3 Year Change	-19.87%
5 Year Change	-15.44%
Change since IPO	817.50%

Shareholder Returns

	STANLY-R	TH Auto Components	TH Market
7D	3.1%	-0.01%	-0.8%
1Y	-2.4%	-18.7%	1.1%

Return vs Industry: STANLY-R exceeded the TH Auto Components industry which returned -18.7% over the past year.

Return vs Market: STANLY-R underperformed the TH Market which returned 1.1% over the past year.

Price Volatility

Is STANLY-R's price volatile compared to industry and market?
STANLY-R volatility
STANLY-R Average Weekly Movement	2.0%
Auto Components Industry Average Movement	4.9%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.0%
10% least volatile stocks in TH Market	2.4%

Stable Share Price: STANLY-R is less volatile than 75% of TH stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

Founded	Employees	CEO	Website
1980	n/a	Koichi Nagano	https://www.thaistanley.com

Thai Stanley Electric Public Company Limited manufactures and sells automotive bulbs, lighting equipment, molds and dies, and product designs primarily in Thailand. It offers various automotive lighting products, including head lamps and rear combination lamps, as well as stop lamps, signal lamps, and room lamps; and motorcycle lighting products. It also manufactures LED, and electronic components and equipment; and plastic products.

Thai Stanley Electric Fundamentals Summary

How do Thai Stanley Electric's earnings and revenue compare to its market cap?
STANLY-R fundamental statistics
Market Cap	฿14.06b
Earnings (TTM)	฿1.52b
Revenue (TTM)	฿13.58b

9.2x

P/E Ratio

1.0x

P/S Ratio

Is STANLY-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
STANLY-R income statement (TTM)
Revenue	฿13.58b
Cost of Revenue	฿11.09b
Gross Profit	฿2.49b
Other Expenses	฿969.02m
Earnings	฿1.52b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	19.85
Gross Margin	18.33%
Net Profit Margin	11.20%
Debt/Equity Ratio	0.0%

How did STANLY-R perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

43%

Payout Ratio

Does STANLY-R pay a reliable dividends?

See STANLY-R dividend history and benchmarks

When do you need to buy STANLY-R by to receive an upcoming dividend?
Thai Stanley Electric dividend dates
Ex Dividend Date	Jul 11 2022
Dividend Pay Date	Jul 27 2022
Days until Ex dividend	29 days
Days until Dividend pay date	45 days

Does STANLY-R pay a reliable dividends?

See STANLY-R dividend history and benchmarks

Valuation

Is Thai Stanley Electric undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: STANLY-R (THB183.5) is trading below our estimate of fair value (THB613.15)

Significantly Below Fair Value: STANLY-R is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: STANLY-R is good value based on its Price-To-Earnings Ratio (9.2x) compared to the TH Auto Components industry average (16.5x).

PE vs Market: STANLY-R is good value based on its Price-To-Earnings Ratio (9.2x) compared to the TH market (18.8x).

Price to Earnings Growth Ratio

PEG Ratio: STANLY-R is good value based on its PEG Ratio (0.6x)

Price to Book Ratio

PB vs Industry: STANLY-R is good value based on its Price-To-Book Ratio (0.7x) compared to the TH Auto Components industry average (1.3x).

Discover undervalued companies

Future Growth

How is Thai Stanley Electric forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STANLY-R's forecast earnings growth (14.6% per year) is above the savings rate (2%).

Earnings vs Market: STANLY-R's earnings (14.6% per year) are forecast to grow slower than the TH market (18.1% per year).

High Growth Earnings: STANLY-R's earnings are forecast to grow, but not significantly.

Revenue vs Market: STANLY-R's revenue (9% per year) is forecast to grow slower than the TH market (10.3% per year).

High Growth Revenue: STANLY-R's revenue (9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: STANLY-R's Return on Equity is forecast to be low in 3 years time (9.6%).

Discover growth companies

Past Performance

How has Thai Stanley Electric performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-0.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STANLY-R has high quality earnings.

Growing Profit Margin: STANLY-R's current net profit margins (11.2%) are higher than last year (9%).

Past Earnings Growth Analysis

Earnings Trend: STANLY-R's earnings have declined by 0.8% per year over the past 5 years.

Accelerating Growth: STANLY-R's earnings growth over the past year (43.3%) exceeds its 5-year average (-0.8% per year).

Earnings vs Industry: STANLY-R earnings growth over the past year (43.3%) underperformed the Auto Components industry 47%.

Return on Equity

High ROE: STANLY-R's Return on Equity (7.6%) is considered low.

Discover strong past performing companies

Financial Health

How is Thai Stanley Electric's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: STANLY-R's short term assets (THB9.5B) exceed its short term liabilities (THB2.1B).

Long Term Liabilities: STANLY-R's short term assets (THB9.5B) exceed its long term liabilities (THB964.6M).

Debt to Equity History and Analysis

Debt Level: STANLY-R is debt free.

Reducing Debt: STANLY-R has not had any debt for past 5 years.

Debt Coverage: STANLY-R has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: STANLY-R has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Discover healthy companies

Dividend

What is Thai Stanley Electric current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.63%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: STANLY-R's dividend (4.63%) is higher than the bottom 25% of dividend payers in the TH market (1.67%).

High Dividend: STANLY-R's dividend (4.63%) is low compared to the top 25% of dividend payers in the TH market (5.27%).

Stability and Growth of Payments

Stable Dividend: STANLY-R's dividend payments have been volatile in the past 10 years.

Growing Dividend: STANLY-R's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.8%), STANLY-R's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (45.9%), STANLY-R's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure

CEO

Koichi Nagano (61 yo)

9.42yrs

Tenure

฿270,000

Compensation

Mr. Koichi Nagano has been the President of Thai Stanley Electric Public Company Limited (formerly, Stanley Electric Co. Ltd) since 2013 and has been its a Director since July 3, 2009. Mr. Nagano served a...

Leadership Team

Experienced Management: STANLY-R's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Experienced Board: STANLY-R's board of directors are seasoned and experienced ( 17.6 years average tenure).

Ownership

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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/11 00:00
End of Day Share Price	2022/06/10 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31