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Asia Green Energy SET:AGE Stock Report

Last Price


Market Cap







26 Jun, 2022


Company Financials
AGE fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance6/6
Financial Health5/6

AGE Stock Overview

Asia Green Energy Public Company Limited engages in the distribution of coal for industrial use in Thailand.

Asia Green Energy Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Asia Green Energy
Historical stock prices
Current Share Price฿3.74
52 Week High฿5.07
52 Week Low฿2.33
1 Month Change-5.08%
3 Month Change-4.59%
1 Year Change23.75%
3 Year Change87.84%
5 Year Change75.06%
Change since IPO162.77%

Recent News & Updates

Shareholder Returns

AGETH Trade DistributorsTH Market

Return vs Industry: AGE exceeded the TH Trade Distributors industry which returned 19.8% over the past year.

Return vs Market: AGE exceeded the TH Market which returned 0.5% over the past year.

Price Volatility

Is AGE's price volatile compared to industry and market?
AGE volatility
AGE Average Weekly Movement6.4%
Trade Distributors Industry Average Movement6.3%
Market Average Movement5.0%
10% most volatile stocks in TH Market10.4%
10% least volatile stocks in TH Market2.5%

Stable Share Price: AGE is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AGE's weekly volatility (6%) has been stable over the past year.

About the Company

2004n/aPanom Kuansataporn

Asia Green Energy Public Company Limited engages in the distribution of coal for industrial use in Thailand. It also provides transportation and management, water transportation and port, and cargo services, as well as consultancy services for coal extraction and water transportation. In addition, the company generates and supplies electricity; and distributes fuel.

Asia Green Energy Fundamentals Summary

How do Asia Green Energy's earnings and revenue compare to its market cap?
AGE fundamental statistics
Market Cap฿4.07b
Earnings (TTM)฿831.62m
Revenue (TTM)฿13.75b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGE income statement (TTM)
Cost of Revenue฿11.91b
Gross Profit฿1.84b
Other Expenses฿1.01b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.76
Gross Margin13.38%
Net Profit Margin6.05%
Debt/Equity Ratio93.6%

How did AGE perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is AGE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGE?

Other financial metrics that can be useful for relative valuation.

AGE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA5.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

AGE PE Ratio vs Peers
The above table shows the PE ratio for AGE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x

Price-To-Earnings vs Peers: AGE is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does AGE's PE Ratio compare vs other companies in the Trade Distributors Industry?

Price-To-Earnings vs Industry: AGE is good value based on its Price-To-Earnings Ratio (4.9x) compared to the TH Trade Distributors industry average (13x)

Price to Earnings Ratio vs Fair Ratio

What is AGE'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.

AGE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AGE's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: AGE (THB3.74) is trading below our estimate of fair value (THB15.47)

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

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AGE's PEG Ratio to determine if it is good value.

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Future Growth

How is Asia Green Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asia Green Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether Asia Green Energy is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Asia Green Energy performed over the past 5 years?

Past Performance Score


Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AGE has high quality earnings.

Growing Profit Margin: AGE's current net profit margins (6%) are higher than last year (3.8%).

Past Earnings Growth Analysis

Earnings Trend: AGE's earnings have grown significantly by 32.5% per year over the past 5 years.

Accelerating Growth: AGE's earnings growth over the past year (153.9%) exceeds its 5-year average (32.5% per year).

Earnings vs Industry: AGE earnings growth over the past year (153.9%) exceeded the Trade Distributors industry 24%.

Return on Equity

High ROE: AGE's Return on Equity (29.7%) is considered high.

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Financial Health

How is Asia Green Energy's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AGE's short term assets (THB4.2B) exceed its short term liabilities (THB2.4B).

Long Term Liabilities: AGE's short term assets (THB4.2B) exceed its long term liabilities (THB1.6B).

Debt to Equity History and Analysis

Debt Level: AGE's net debt to equity ratio (90.6%) is considered high.

Reducing Debt: AGE's debt to equity ratio has reduced from 117.7% to 93.6% over the past 5 years.

Debt Coverage: AGE's debt is well covered by operating cash flow (38.8%).

Interest Coverage: AGE's interest payments on its debt are well covered by EBIT (12.2x coverage).

Balance Sheet

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What is Asia Green Energy current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AGE's dividend (4.92%) is higher than the bottom 25% of dividend payers in the TH market (1.75%).

High Dividend: AGE's dividend (4.92%) is low compared to the top 25% of dividend payers in the TH market (5.38%).

Stability and Growth of Payments

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

Growing Dividend: AGE's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.1%), AGE's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (22.2%), AGE's dividend payments are well covered by cash flows.

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


Average management tenure


Panom Kuansataporn (68 yo)

no data




Mr. Panom Kuansataporn serves as the Chief Executive Officer, Managing Director and at Asia Green Energy Public Company Limited since 2004 and serves as its Director since March 18, 2004. He serves as Dir...

Leadership Team

Experienced Management: AGE's management team is seasoned and experienced (10.8 years average tenure).

Board Members

Experienced Board: AGE's board of directors are seasoned and experienced ( 10.8 years average tenure).


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

Asia Green Energy Public Company Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Asia Green Energy Public Company Limited
  • Ticker: AGE
  • Exchange: SET
  • Founded: 2004
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: ฿4.068b
  • Shares outstanding: 1.09b
  • Website:


  • Asia Green Energy Public Company Limited
  • 273/1 Rama 2 Road
  • Samaedam
  • Bangkok
  • 10150
  • Thailand


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Annual Earnings2021/12/31

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.