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

TTB is expensive based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (6.8x).

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

TTB is good value based on its Price-To-Earnings Ratio (8.4x) compared to the Asian Banks industry average (8.5x).

What is TTB'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.

TTB is expensive based on its Price-To-Earnings Ratio (8.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).

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

TTB (THB1.79) is trading below our estimate of [[fair value]] (THB3.65)

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

Target price is less than 20% higher than the current share price.

TMBThanachart Bank (SET:TTB) - Stock Price, News & Analysis

TTB Stock Overview

Provides various commercial banking products and services to individuals, small and medium sized enterprises (SME), and corporate customers primarily in Thailand. More details

TTB fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	4/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 51% below our estimate of its fair value

Earnings are forecast to grow 4.69% per year

Earnings grew by 19.2% over the past year

Risk Analysis

Unstable dividend track record

TMBThanachart Bank Public Company Limited Competitors

Bank of Ayudhya

SET:BAY

฿185.7b

Bangkok Bank

SET:BBL

฿285.4b

Krung Thai Bank

SET:KTB

฿286.5b

Kasikornbank

SET:KBANK

฿354.2b

Price History & Performance

Summary of all time highs, changes and price drops for TMBThanachart Bank
Historical stock prices
Current Share Price	฿1.79
52 Week High	฿2.06
52 Week Low	฿1.53
Beta	0.67
11 Month Change	-2.19%
3 Month Change	0%
1 Year Change	14.74%
33 Year Change	49.17%
5 Year Change	16.99%
Change since IPO	-94.15%

Recent updates

Shareholder Returns

	TTB	TH Banks	TH Market
7D	2.3%	0.5%	-0.3%
1Y	14.7%	6.6%	2.0%

Return vs Industry: TTB exceeded the TH Banks industry which returned 6.6% over the past year.

Return vs Market: TTB exceeded the TH Market which returned 2% over the past year.

Price Volatility

Is TTB's price volatile compared to industry and market?
TTB volatility
TTB Average Weekly Movement	3.0%
Banks Industry Average Movement	3.2%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.5%

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

Volatility Over Time: TTB's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1957	n/a	Piti Tantakasem	www.ttbbank.com

TMBThanachart Bank Public Company Limited, together with its subsidiaries, provides various commercial banking products and services to individuals, small and medium sized enterprises (SME), and corporate customers primarily in Thailand. It operates through Commercial Banking and Retail Banking segments. The company offers basic, current, transactional, international, cash concentration, corporate liquidity, term and foreign currency deposit, multi-currency, deposit, and savings accounts; working capital, personal, home, auto, long-term, credit card, welfare, and other loans, as well as SME loans, letter of guarantee, and supply chain solutions; and debit, credit, and corporate cards.

TMBThanachart Bank Public Company Limited Fundamentals Summary

How do TMBThanachart Bank's earnings and revenue compare to its market cap?
TTB fundamental statistics
Market cap	฿174.35b
Earnings (TTM)	฿20.79b
Revenue (TTM)	฿46.11b

8.4x

P/E Ratio

0.7x

P/B Ratio

Is TTB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TTB income statement (TTM)
Revenue	฿46.11b
Cost of Revenue	฿0
Gross Profit	฿46.11b
Other Expenses	฿25.33b
Earnings	฿20.79b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.21
Gross Margin	100.00%
Net Profit Margin	45.08%
Debt/Equity Ratio	26.3%

How did TTB perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

56%

Payout Ratio

TTB Stock Overview

Rewards

Risk Analysis

TMBThanachart Bank Public Company Limited Competitors

SET:BAY

฿185.7b

SET:BBL

฿285.4b

SET:KTB

฿286.5b

SET:KBANK

฿354.2b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS misses analyst expectations

First half dividend of ฿0.065 announced

Tmbthanachart Bank Public Company Limited Announces Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on October 24, 2024

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Recent updates

Third quarter 2024 earnings: EPS misses analyst expectations

First half dividend of ฿0.065 announced

Tmbthanachart Bank Public Company Limited Announces Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on October 24, 2024

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of ฿0.055 per share

TMBThanachart Bank Public Company Limited Approves Dividend for 2023, Payable on 8 May 2024

Now 20% undervalued

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

TMBThanachart Bank Public Company Limited, Annual General Meeting, Apr 09, 2024

Price target increased by 7.5% to ฿1.90

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

TMBThanachart Bank Public Company Limited to Report Q1, 2024 Results on Apr 19, 2024

Third quarter 2023 earnings: EPS exceeds analyst expectations

TMBThanachart Bank Public Company Limited to Report Q3, 2023 Results on Oct 19, 2023

TMBThanachart Bank Public Company Limited Declares Dividend for the Period from January 1, 2023 to June 30, 2023, Payable on October 25, 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of ฿0.053 per share at 5.1% yield

Consensus EPS estimates increase by 11%

Consensus EPS estimates increase by 12%

TMBThanachart Bank Public Company Limited Announces CFO Changes

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

Now 20% undervalued

Upcoming dividend of ฿0.02 per share

TMBThanachart Bank Public Company Limited Announces Cash Dividend for the Operating Period from January 01, 2022 to June 30, 2022, Payable on September 22, 2022

Second quarter 2022 earnings: Revenues miss analyst expectations

TMBThanachart Bank Public Company Limited(SET:TTB-W1) dropped from FTSE All-World Index (USD)

TMBThanachart Bank Public Company Limited Announces Management Changes

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of ฿0.038 per share

TMBThanachart Bank Public Company Limited to Report Q1, 2022 Results on Apr 20, 2022

TMBThanachart Bank Public Company Limited Proposes Dividend for 2021, Payable on 11 May 2022

Full year 2021 earnings: EPS exceeds analyst expectations

TMBThanachart Bank Public Company Limited, Annual General Meeting, Apr 12, 2022

Now 21% undervalued

TMBThanachart Bank Public Company Limited Resolves Board and Committee Changes

TMBThanachart Bank Public Company Limited Announces Resignation of Praisun Wongsmith as Independent Director and Chairman of the Audit Committee

Full year 2021 earnings: EPS exceeds analyst expectations

Consensus forecasts updated

TMBThanachart Bank Public Company Limited (SET:TTB) agreed to acquire 10% stake in Thanachart Insurance Public Company Limited and Thanachart Securities Public Limited Company from Scotia Netherlands Holding B.V. for THB 1.6 billion.

Third quarter 2021 earnings released: EPS ฿0.025 (vs ฿0.017 in 3Q 2020)

Non Executive Director Chumpol Rimsakorn has left the company

Second quarter 2021 earnings released: EPS ฿0.026 (vs ฿0.032 in 2Q 2020)

Price target decreased to ฿1.22

First quarter 2021 earnings released: EPS ฿0.029 (vs ฿0.043 in 1Q 2020)

Upcoming dividend of ฿0.045 per share

First quarter 2021 earnings released: EPS ฿0.029 (vs ฿0.043 in 1Q 2020)

Full year 2020 earnings released: EPS ฿0.10 (vs ฿0.15 in FY 2019)

TMB Bank Public Company Limited, Annual General Meeting, Apr 23, 2021

TMB Bank Public Company Limited Announces Board Changes

New 90-day high: ฿1.24

Full year 2020 earnings released: EPS ฿0.10 (vs ฿0.15 in FY 2019)

Revenue beats expectations

Revenue beats expectations