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

CREDIT is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (9x).

How does CREDIT's PE Ratio compare vs other companies in the Asian Banks Industry?

CREDIT is good value based on its Price-To-Earnings Ratio (7.2x) compared to the Asian Banks industry average (9x).

What is CREDIT'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.

CREDIT is good value based on its Price-To-Earnings Ratio (7.2x) compared to the estimated Fair Price-To-Earnings Ratio (8x).

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

CREDIT (THB18.5) is trading below our estimate of [[fair value]] (THB49.61)

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, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

CREDIT Stock Overview

A retail bank, provides financial services to micro, small, and medium-sized enterprises in Thailand. More details

CREDIT fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 62.7% below our estimate of its fair value

Earnings are forecast to grow 9.37% per year

Trading at good value compared to peers and industry

Risk Analysis

Volatile share price over the past 3 months compared to the TH market

My Notes

Capture your thoughts, links and company narrative

Thai Credit Bank Public Company Limited Competitors

LH Financial Group

SET:LHFG

฿16.5b

CIMB Thai Bank

SET:CIMBT

฿15.7b

Kiatnakin Phatra Bank

SET:KKP

฿43.9b

Thanachart Capital

SET:TCAP

฿53.0b

Price History & Performance

Summary of share price highs, lows and changes for Thai Credit Bank
Historical stock prices
Current Share Price	฿18.50
52 Week High	฿30.25
52 Week Low	฿16.00
Beta	0
1 Month Change	-7.50%
3 Month Change	-11.06%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-32.73%

Recent updates

Shareholder Returns

	CREDIT	TH Banks	TH Market
7D	8.2%	1.6%	2.7%
1Y	n/a	5.2%	-1.6%

Return vs Industry: Insufficient data to determine how CREDIT performed against the TH Banks industry.

Return vs Market: Insufficient data to determine how CREDIT performed against the TH Market.

Price Volatility

Is CREDIT's price volatile compared to industry and market?
CREDIT volatility
CREDIT Average Weekly Movement	7.9%
Banks Industry Average Movement	2.6%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.7%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: CREDIT's share price has been volatile over the past 3 months compared to the TH market.

Volatility Over Time: CREDIT's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

Founded	Employees	CEO	Website
1970	3,625	n/a	www.thaicreditbank.com

Thai Credit Bank Public Company Limited, a retail bank, provides financial services to micro, small, and medium-sized enterprises in Thailand. The company operates in two segments, e-Wallet Business and Banking Business. It offers loans for micro-SMEs, small business loans for medical profession, SMEs loans, hire-purchase loans for business, loans for gold shop business, SMEs loans with gold as collateral, and bancassurance for micro-SME customers; nano and micro finance and micro finance bancassurance; and retail and wealth banking services, such as home for cash, refinance, gold for cash, personal revolving loans, deposit products, mutual funds, and bancassurance products for retail and wealth customers.

Thai Credit Bank Public Company Limited Fundamentals Summary

How do Thai Credit Bank's earnings and revenue compare to its market cap?
CREDIT fundamental statistics
Market cap	฿22.84b
Earnings (TTM)	฿3.17b
Revenue (TTM)	฿9.58b

7.2x

P/E Ratio

1.0x

P/B Ratio

Is CREDIT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CREDIT income statement (TTM)
Revenue	฿9.58b
Cost of Revenue	฿0
Gross Profit	฿9.58b
Other Expenses	฿6.41b
Earnings	฿3.17b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.57
Gross Margin	100.00%
Net Profit Margin	33.10%
Debt/Equity Ratio	109.3%

How did CREDIT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 21:54
End of Day Share Price	2024/12/30 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

Thai Credit Bank Public Company Limited is covered by 3 analysts. 2 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
Weerapat Wonk-Urai	CGS International
Nathapol Pongsukcharoenkul	CGS International
Jesada Techahusdin	Maybank Research Pte. Ltd.