Seafco Future Growth

Future criteria checks 4/6

Seafco is forecast to grow earnings and revenue by 24.6% and 10.1% per annum respectively. EPS is expected to grow by 26.3% per annum. Return on equity is forecast to be 9.3% in 3 years.

Key information

24.6%

Earnings growth rate

26.3%

EPS growth rate

Construction earnings growth	22.4%
Revenue growth rate	10.1%
Future return on equity	9.3%
Analyst coverage	Low
Last updated	07 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:SEAFCO - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,802	175	N/A	316	1
12/31/2025	1,592	152	N/A	289	1
12/31/2024	1,222	44	N/A	75	1
6/30/2024	1,541	137	234	277	N/A
3/31/2024	1,716	144	244	290	N/A
12/31/2023	1,797	169	301	371	N/A
9/30/2023	1,646	143	200	260	N/A
6/30/2023	1,303	42	92	143	N/A
3/31/2023	1,035	-27	20	64	N/A
12/31/2022	792	-129	123	138	N/A
9/30/2022	839	-161	351	360	N/A
6/30/2022	895	-179	312	328	N/A
3/31/2022	1,083	-124	184	201	N/A
12/31/2021	1,435	-57	100	120	N/A
9/30/2021	1,585	-70	-4	-3	N/A
6/30/2021	1,909	10	62	79	N/A
3/31/2021	2,281	84	242	303	N/A
12/31/2020	2,561	154	312	460	N/A
9/30/2020	2,773	275	99	309	N/A
6/30/2020	3,007	354	-90	289	N/A
3/31/2020	3,050	384	-184	224	N/A
12/31/2019	3,032	410	-262	92	N/A
9/30/2019	3,235	441	104	444	N/A
6/30/2019	3,286	444	452	734	N/A
3/31/2019	3,167	436	363	849	N/A
12/31/2018	2,765	368	214	835	N/A
9/30/2018	2,488	318	85	764	N/A
6/30/2018	2,075	258	-49	576	N/A
3/31/2018	1,762	203	N/A	423	N/A
12/31/2017	1,853	211	N/A	443	N/A
9/30/2017	1,759	198	N/A	277	N/A
6/30/2017	1,769	166	N/A	210	N/A
3/31/2017	1,894	163	N/A	133	N/A
12/31/2016	1,863	156	N/A	138	N/A
9/30/2016	1,848	129	N/A	132	N/A
6/30/2016	1,920	166	N/A	221	N/A
3/31/2016	1,885	179	N/A	290	N/A
12/31/2015	1,856	153	N/A	299	N/A
9/30/2015	1,857	160	N/A	384	N/A
6/30/2015	1,960	204	N/A	361	N/A
3/31/2015	2,047	214	N/A	377	N/A
12/31/2014	1,887	210	N/A	366	N/A
9/30/2014	1,743	200	N/A	279	N/A
6/30/2014	1,530	144	N/A	300	N/A
3/31/2014	1,309	117	N/A	301	N/A
12/31/2013	1,307	138	N/A	278	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEAFCO's forecast earnings growth (24.6% per year) is above the savings rate (2%).

Earnings vs Market: SEAFCO's earnings (24.6% per year) are forecast to grow faster than the TH market (16.9% per year).

High Growth Earnings: SEAFCO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SEAFCO's revenue (10.1% per year) is forecast to grow faster than the TH market (6.6% per year).

High Growth Revenue: SEAFCO's revenue (10.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SEAFCO's Return on Equity is forecast to be low in 3 years time (9.3%).

Seafco Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target decreased by 15% to ฿3.00

Consensus revenue estimates fall by 13%

Price target decreased by 11% to ฿4.03

Consensus forecasts updated

Price target decreased to ฿4.56

Consensus EPS estimates fall to ฿0.28

Recent updates

Investor sentiment deteriorates as stock falls 18%

Price target decreased by 15% to ฿3.00

Seafco Public Company Limited (SET:SEAFCO) announces an Equity Buyback for 25,000,000 shares, representing 3.38% for THB 50 million.

Second quarter 2024 earnings released: EPS: ฿0.01 (vs ฿0.015 in 2Q 2023)

Seafco Public Company Limited Announces Resignation of Padej Rujikajorndej from the Position of Company Director and All Subcommittees

New minor risk - Dividend sustainability

Consensus revenue estimates fall by 13%

First quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.072 in 1Q 2023)

Upcoming dividend of ฿0.09 per share

Seafco Public Company Limited Proposes to Pay Dividend for the Year 2023, Payable on May 27, 2024

Full year 2023 earnings released: EPS: ฿0.23 (vs ฿0.17 loss in FY 2022)

Seafco Public Company Limited, Annual General Meeting, Apr 29, 2024

Price target decreased by 11% to ฿4.03

Third quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.053 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.077 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.059 loss in 1Q 2022)

Insufficient new directors

Third quarter 2022 earnings: EPS exceeds analyst expectations

Consensus forecasts updated

Second quarter 2022 earnings released: ฿0.08 loss per share (vs ฿0.003 loss in 2Q 2021)

Price target decreased to ฿4.56

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Full year 2021 earnings: EPS and revenues miss analyst expectations

Seafco Public Company Limited, Annual General Meeting, Apr 22, 2022

Seafco Public Company Limited Announces Board and Committee Changes

Third quarter 2021 earnings released: ฿0.08 loss per share (vs ฿0.032 profit in 3Q 2020)

Second quarter 2021 earnings released: ฿0.003 loss per share (vs ฿0.097 profit in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.13 in 1Q 2020)

Consensus EPS estimates fall to ฿0.28

Price target decreased to ฿5.18

Full year 2020 earnings released: EPS ฿0.21 (vs ฿0.55 in FY 2019)

Revenue and earnings miss expectations

Seafco Public Company Limited Approves Appointment of Chularat Suteethorn as an Independent Director

Seafco Public Company Limited, Annual General Meeting, Apr 22, 2021

New 90-day low: ฿4.42

Price target lowered to ฿5.68

New 90-day low: ฿4.50

Price target lowered to ฿6.20

Analysts lower EPS estimates to ฿0.33

Third quarter 2020 earnings released: EPS ฿0.03

New 90-day low: ฿4.84

New 90-day low - ฿5.10

Analysts lower EPS estimates to ฿0.41

Earnings released

New 90-day high - ฿7.00

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies