Asia Green Energy (SET:AGE) - Share price, News & Analysis

AGE fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	6/6
Financial Health	5/6
Dividends	4/6

AGE Stock Overview

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

Rewards

Trading at 75.8% below our estimate of its fair value

Earnings grew by 153.9% over the past year

Risk Analysis

Has a high level of debt

Unstable dividend track record

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
Beta	0.90
1 Month Change	-5.08%
3 Month Change	-4.59%
1 Year Change	23.75%
3 Year Change	87.84%
5 Year Change	75.06%
Change since IPO	162.77%

Shareholder Returns

	AGE	TH Trade Distributors	TH Market
7D	0.5%	-1.9%	0.7%
1Y	23.8%	19.8%	0.4%

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 Movement	6.4%
Trade Distributors Industry Average Movement	6.3%
Market Average Movement	5.0%
10% most volatile stocks in TH Market	10.4%
10% least volatile stocks in TH Market	2.5%

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

Founded	Employees	CEO	Website
2004	n/a	Panom Kuansataporn	https://www.agecoal.com

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

4.9x

P/E Ratio

0.3x

P/S Ratio

Is AGE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGE income statement (TTM)
Revenue	฿13.75b
Cost of Revenue	฿11.91b
Gross Profit	฿1.84b
Other Expenses	฿1.01b
Earnings	฿831.62m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.76
Gross Margin	13.38%
Net Profit Margin	6.05%
Debt/Equity Ratio	93.6%

How did AGE perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

24%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

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.

The above table shows the n/a ratio for AGE. This is calculated by dividing AGE's market cap by their current preferred multiple.
What is AGE's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	฿4.07b

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/Revenue	0.5x
Enterprise Value/EBITDA	5.8x
PEG Ratio	n/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.
Company	PE	Estimated Growth	Market Cap
Peer Average	10.4x

Forward PE

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 Ratio	4.9x
Fair PE Ratio	n/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

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

9.1%

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

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

32.5%

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

5/6

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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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.92%

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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Management

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

10.8yrs

Average management tenure

CEO

Panom Kuansataporn (68 yo)

no data

Tenure

฿788,000

Compensation

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).

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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31