Executive Summary
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and slightly overvalued.
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 is more volatile than 75% of TH stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: KBANK's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TH stocks.
Market Performance
7 Day Return
-4.5%
KBANK
-1.5%
TH Banks
-1.1%
TH Market
1 Year Return
-17.1%
KBANK
-13.5%
TH Banks
-2.6%
TH Market
Return vs Industry: KBANK underperformed the TH Banks industry which returned -13.5% over the past year.
Return vs Market: KBANK underperformed the TH Market which returned -2.6% over the past year.
Shareholder returns
| KBANK | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.5% | -1.5% | -1.1% |
| 30 Day | 5.5% | 3.0% | 2.6% |
| 90 Day | 54.2% | 43.5% | 25.1% |
| 1 Year | -13.2%-17.1% | -9.1%-13.5% | 0.6%-2.6% |
| 3 Year | -44.0%-48.7% | -35.2%-42.7% | -9.1%-17.4% |
| 5 Year | -18.0%-28.2% | -3.9%-20.5% | 38.7%18.3% |
Long-Term 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?
11.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KBANK (฿116) is trading above our estimate of fair value (฿83.66)
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 (11x) compared to the TH Banks industry average (9.8x).
PE vs Market: KBANK is good value based on its PE Ratio (11x) compared to the TH market (17.1x).
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's PB Ratio (0.7x) is in line with the TH Banks industry average.
Next Steps
Future Growth
How is Kasikornbank forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
16.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KBANK's forecast earnings growth (16.6% per year) is above the savings rate (2.2%).
Earnings vs Market: KBANK's earnings (16.6% per year) are forecast to grow slower than the TH market (27.5% per year).
High Growth Earnings: KBANK's earnings are forecast to grow, but not significantly.
Revenue vs Market: KBANK's revenue (5.4% per year) is forecast to grow slower than the TH market (10.8% per year).
High Growth Revenue: KBANK's revenue (5.4% 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 (6.7%).
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Past Performance
How has Kasikornbank performed over the past 5 years?
-4.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KBANK has high quality earnings.
Growing Profit Margin: KBANK's current net profit margins (23.6%) are lower than last year (30%).
Past Earnings Growth Analysis
Earnings Trend: KBANK's earnings have declined by 4.1% 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 (-32.3%) over the past year, making it difficult to compare to the Banks industry average (-22.7%).
Return on Equity
High ROE: KBANK's Return on Equity (6.2%) 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 (7.8x) is low.
Allowance for Bad Loans: KBANK has a sufficient allowance for bad loans (139%).
Low Risk Liabilities: 74% 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 (57%).
Low Risk Deposits: KBANK's Loans to Deposits ratio (89%) is appropriate.
Level of Bad Loans: KBANK has a high level of bad loans (4.5%).
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Dividend
What is Kasikornbank current dividend yield, its reliability and sustainability?
3.13%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KBANK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KBANK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KBANK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KBANK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: KBANK is not paying a notable dividend for the TH market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KBANK's dividend in 3 years as they are not forecast to pay a notable one for the TH market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Kattiya Indaravijaya (55 yo)
1.25yrs
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 | 1.25yrs | ฿4.19m | no data | |
| President & Executive Director | 4yrs | ฿4.19m | no data | |
| President & Director | 2.75yrs | ฿3.69m | no data | |
| Non-Executive Director & Legal Adviser | 20.75yrs | ฿8.58m | no data | |
| President & Director | 0.33yr | no data | no data | |
| President & Director | 0.33yr | no data | no data | |
| Senior EVP & CFO | 5yrs | no data | no data | |
| Chief of Investment Banking | no data | no data | no data | |
| First Senior Vice President | 20yrs | no data | no data | |
| First Senior Vice President | 13yrs | no data | no data | |
| Senior EVP & Head of Capital Markets Business Division | 13yrs | no data | no data | |
| First Senior Vice President | 16yrs | no data | no data |
5.0yrs
Average Tenure
51yo
Average Age
Experienced Management: KBANK's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.25yrs | ฿4.19m | no data | |
| President & Executive Director | 4yrs | ฿4.19m | no data | |
| President & Director | 2.75yrs | ฿3.69m | no data | |
| Non-Executive Director & Legal Adviser | 20.75yrs | ฿8.58m | no data | |
| President & Director | 0.33yr | no data | no data | |
| President & Director | 0.33yr | no data | no data | |
| Vice Chairperson of the Board | 5yrs | ฿6.49m | no data | |
| Honorary Chairman | no data | ฿569.82k | no data | |
| Independent Director | 7.75yrs | ฿6.65m | no data | |
| Independent Director | 7.75yrs | ฿5.46m | no data | |
| Chairperson of the Board & Lead Independent Director | 1yr | ฿7.75m | no data | |
| Independent Director | 5.25yrs | ฿6.29m | no data | |
| Independent Director | 8.42yrs | ฿5.63m | no data |
5.0yrs
Average Tenure
59yo
Average Age
Experienced Board: KBANK's board of directors are considered experienced (5 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: ฿272.473b
- Shares outstanding: 2.37b
- Website: https://www.kasikornbank.com
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 11:32 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/09/30 |
| 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.