Executive Summary
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Kasikornbank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KBANK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
21.9%
KBANK
17.5%
TH Banks
6.5%
TH Market
1 Year Return
-38.7%
KBANK
-32.7%
TH Banks
-13.2%
TH Market
Return vs Industry: KBANK underperformed the TH Banks industry which returned -32.7% over the past year.
Return vs Market: KBANK underperformed the TH Market which returned -13.2% over the past year.
Shareholder returns
| KBANK | Industry | Market | |
|---|---|---|---|
| 7 Day | 21.9% | 17.5% | 6.5% |
| 30 Day | 40.5% | 26.9% | 12.1% |
| 90 Day | 0% | 0.5% | 5.2% |
| 1 Year | -35.7%-38.7% | -28.2%-32.7% | -9.8%-13.2% |
| 3 Year | -32.3%-38.1% | -25.0%-34.1% | -2.9%-12.2% |
| 5 Year | -34.4%-42.6% | -21.3%-35.2% | 6.1%-10.3% |
Price Volatility Vs. Market
How volatile is Kasikornbank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Kasikornbank undervalued compared to its fair value and its price relative to the market?
7.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KBANK (฿117) is trading above our estimate of fair value (฿82.2)
Significantly Below Fair Value: KBANK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KBANK is poor value based on its PE Ratio (7.9x) compared to the Banks industry average (7.8x).
PE vs Market: KBANK is good value based on its PE Ratio (7.9x) compared to the TH market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: KBANK is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: KBANK is good value based on its PB Ratio (0.7x) compared to the TH Banks industry average (0.7x).
Next Steps
Future Growth
How is Kasikornbank forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KBANK's forecast earnings growth (10.7% per year) is above the savings rate (2.3%).
Earnings vs Market: KBANK's earnings (10.7% per year) are forecast to grow slower than the TH market (19.9% per year).
High Growth Earnings: KBANK's earnings are forecast to grow, but not significantly.
Revenue vs Market: KBANK's revenue (5.6% per year) is forecast to grow slower than the TH market (9.5% per year).
High Growth Revenue: KBANK's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KBANK's Return on Equity is forecast to be low in 3 years time (7.6%).
Next Steps
Past Performance
How has Kasikornbank performed over the past 5 years?
-3.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KBANK has high quality earnings.
Growing Profit Margin: KBANK's current net profit margins (29.4%) are lower than last year (31%).
Past Earnings Growth Analysis
Earnings Trend: KBANK's earnings have declined by -3.4% per year over the past 5 years.
Accelerating Growth: KBANK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KBANK had negative earnings growth (-6.5%) over the past year, making it difficult to compare to the Banks industry average (3%).
Return on Equity
High ROE: KBANK's Return on Equity (8.3%) is considered low.
Next Steps
Financial Health
How is Kasikornbank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: KBANK's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: KBANK has a sufficient allowance for bad loans (127%).
Low Risk Liabilities: 73% of KBANK's liabilities are made up of primarily low risk sources of funding.
Loan Level: KBANK has an appropriate level of Loans to Assets ratio (55%).
Low Risk Deposits: KBANK's Loans to Deposits ratio (88%) is appropriate.
Level of Bad Loans: KBANK has a high level of bad loans (4.5%).
Next Steps
Dividend
What is Kasikornbank's current dividend yield, its reliability and sustainability?
4.27%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KBANK's dividend (4.27%) is higher than the bottom 25% of dividend payers in the TH market (2.52%).
High Dividend: KBANK's dividend (4.27%) is low compared to the top 25% of dividend payers in the TH market (6.95%).
Stability and Growth of Payments
Stable Dividend: KBANK's dividends per share have been stable in the past 10 years.
Growing Dividend: KBANK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.9%), KBANK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KBANK's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average management tenure
CEO
Kattiya Indaravijaya (54yo)
0.67
Tenure
฿4,187,590
Compensation
Ms. Kattiya Indaravijaya has been Chief Executive Officer at Kasikornbank Public Company Limited since October 2019. Ms. Indaravijaya has been an Executive Director of Kasikornbank Public Company Limited s ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.67yr | ฿4.19m | no data | |
| President & Executive Director | 7.25yrs | ฿4.19m | no data | |
| President & Executive Director | 3.42yrs | ฿4.19m | no data | |
| President & Director | 2.17yrs | ฿3.69m | no data | |
| Non-Executive Director & Legal Adviser | 20.17yrs | ฿8.58m | no data | |
| Senior EVP & CFO | 4.42yrs | no data | no data | |
| Chief of Investment Banking | no data | no data | no data | |
| First Senior Vice President | 19.42yrs | no data | no data | |
| Executive Vice President | 19.42yrs | no data | no data | |
| First Senior Vice President | 12.42yrs | no data | no data |
7.3yrs
Average Tenure
53yo
Average Age
Experienced Management: KBANK's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.67yr | ฿4.19m | no data | |
| President & Executive Director | 7.25yrs | ฿4.19m | no data | |
| President & Executive Director | 3.42yrs | ฿4.19m | no data | |
| President & Director | 2.17yrs | ฿3.69m | no data | |
| Non-Executive Director & Legal Adviser | 20.17yrs | ฿8.58m | no data | |
| Vice Chairperson of the Board | 4.42yrs | ฿6.49m | no data | |
| Honorary Chairman | no data | ฿569.82k | no data | |
| Independent Director | 7.17yrs | ฿6.65m | no data | |
| Independent Director | 7.17yrs | ฿5.46m | no data | |
| Chairperson of the Board & Lead Independent Director | 0.42yr | ฿7.75m | no data | |
| Independent Director | 7.83yrs | ฿5.63m | no data |
5.8yrs
Average Tenure
60yo
Average Age
Experienced Board: KBANK's board of directors are considered experienced (5.8 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.
Top Shareholders
Company Information
Kasikornbank Public Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kasikornbank Public Company Limited
- Ticker: KBANK
- Exchange: SET
- Founded: 1945
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ฿277.211b
- Shares outstanding: 2.37b
- Website: https://www.kasikornbank.com
Number of Employees
Location
- Kasikornbank Public Company Limited
- 1 Soi Rat Burana 27/1
- Rat Burana Road
- Bangkok
- 10140
- Thailand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TFBF | DB (Deutsche Boerse AG) | SHS FGN REG | DE | EUR | May 1993 | |
| KBANK | SET (The Stock Exchange of Thailand) | Yes | Ordinary Shares | TH | THB | May 1993 |
| KBANK-F | THAMSE (Bangkok-Alien Market Stock Exchange) | SHS FGN REG | TH | THB | May 1993 | |
| KPCP.F | OTCPK (Pink Sheets LLC) | SHS FGN REG | US | USD | May 1993 | |
| KBANK-R | SET (The Stock Exchange of Thailand) | NON VTG DEP RCPT REP 1 ORD THB10 | TH | THB | Aug 2001 | |
| KPCU.F | OTCPK (Pink Sheets LLC) | NON VTG DEP RCPT REP 1 ORD THB10 | US | USD | Aug 2001 | |
| KPCP.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Apr 2011 |
Biography
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company’s personal banking products and services include savings, current, fixed deposit, and foreign currency accounts; personal, home, and auto loans; debit and credit cards; life and non-life insurance products; investment products, such as mutual funds, stocks, and derivatives/futures exchange; money transfer and bill payment, cheque and draft, and foreign exchange services; and mobile banking services. It also offers various products and services for small and medium enterprises, including savings, current, and fixed deposits; working capital, commercial, and special loans, as well as letters of guarantee; collection and payment services; life, non-life, and group insurance products; and import, export, and money transfer services. In addition, the company provides various products and services for corporate customers, such as cash management solutions, including current, savings, special savings deposit, and fixed deposit accounts, as well as collection, payment, liquidity management, and electronic solutions; international trade solutions comprising import and export, global money transfer, guarantee, and trade finance solutions; working capital loans, term loans, special loans, and letters of guarantee; supply chain financing; life, non-life, and group insurance products; and foreign exchange and derivatives, corporate finance, securities, investment, and business card services. Further, it offers auto and equipment leasing, and venture capital management services. Kasikornbank Public Company Limited was founded in 1945 and is headquartered in Bangkok, Thailand.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 15:36 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.