Seafco Future Growth

Future criteria checks 4/6

Seafco is forecast to grow earnings and revenue by 54.3% and 15% per annum respectively. EPS is expected to grow by 56.3% per annum. Return on equity is forecast to be 9.5% in 3 years.

Key information

54.3%

Earnings growth rate

56.3%

EPS growth rate

Construction earnings growth	36.0%
Revenue growth rate	15.0%
Future return on equity	9.5%
Analyst coverage	Low
Last updated	25 Nov 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	135	316	1
12/31/2025	1,592	152	111	289	1
12/31/2024	1,222	44	-91	75	1
9/30/2024	1,395	64	74	112	N/A
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	1,647	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	N/A	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 (54.3% per year) is above the savings rate (2%).

Earnings vs Market: SEAFCO's earnings (54.3% 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 (15% per year) is forecast to grow faster than the TH market (6.5% per year).

High Growth Revenue: SEAFCO's revenue (15% 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 (9.5%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 22:12
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Seafco Public Company Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Pongrat Ratanatavanananda	Bualuang Securities PCL
Thanyatorn Songwutti	FSS International Advisory
Artit Jansawang	Globlex Securities Co. Ltd.

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

New minor risk - Profit margin trend

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