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SKN

S.Kijchai Enterprise SET:SKN Stock Report

Last Price

฿6.75

Market Cap

฿5.4b

7D

-2.9%

1Y

20.5%

Updated

25 Jun, 2022

Data

Company Financials +
SKN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

SKN Stock Overview

S.Kijchai Enterprise Public Company Limited manufactures and distributes wood substitute products with medium density fiber boards in Thailand.

S.Kijchai Enterprise Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for S.Kijchai Enterprise
Historical stock prices
Current Share Price฿6.75
52 Week High฿9.90
52 Week Low฿4.82
Beta0.59
1 Month Change-18.18%
3 Month Change-22.41%
1 Year Change20.54%
3 Year Change234.16%
5 Year Changen/a
Change since IPO-28.95%

Recent News & Updates

Shareholder Returns

SKNTH BuildingTH Market
7D-2.9%2.0%0.7%
1Y20.5%-1.8%0.5%

Return vs Industry: SKN exceeded the TH Building industry which returned -1.8% over the past year.

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

Price Volatility

Is SKN's price volatile compared to industry and market?
SKN volatility
SKN Average Weekly Movement5.1%
Building Industry Average Movement5.4%
Market Average Movement5.0%
10% most volatile stocks in TH Market10.4%
10% least volatile stocks in TH Market2.5%

Stable Share Price: SKN is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SKN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aVichai Sangwongkithttps://www.skn.co.th

S.Kijchai Enterprise Public Company Limited manufactures and distributes wood substitute products with medium density fiber boards in Thailand. The company’s products include furniture, flooring, and interior products, as well as doors. It also offers glue, chemical, rubber, sawmill, and plywood products, as well as fuel briquettes.

S.Kijchai Enterprise Fundamentals Summary

How do S.Kijchai Enterprise's earnings and revenue compare to its market cap?
SKN fundamental statistics
Market Cap฿5.40b
Earnings (TTM)฿914.69m
Revenue (TTM)฿4.48b

5.9x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKN income statement (TTM)
Revenue฿4.48b
Cost of Revenue฿2.41b
Gross Profit฿2.07b
Other Expenses฿1.15b
Earnings฿914.69m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.14
Gross Margin46.14%
Net Profit Margin20.41%
Debt/Equity Ratio4.0%

How did SKN perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 SKN?

Other financial metrics that can be useful for relative valuation.

SKN 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/Revenue1.1x
Enterprise Value/EBITDA4x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

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

SKN PE Ratio vs Peers
The above table shows the PE ratio for SKN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.1x

Price-To-Earnings vs Peers: SKN is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (16.1x).


Price to Earnings Ratio vs Industry

How does SKN's PE Ratio compare vs other companies in the Building Industry?

Price-To-Earnings vs Industry: SKN is good value based on its Price-To-Earnings Ratio (5.9x) compared to the TH Building industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is SKN'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.

SKN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ratio6.4x

Price-To-Earnings vs Fair Ratio: SKN is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (6.4x).


Share Price vs Fair Value

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

Below Fair Value: SKN (THB6.75) is trading below our estimate of fair value (THB28.6)

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


Price to Earnings Growth Ratio

PEG Ratio: SKN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is S.Kijchai Enterprise forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


-36.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKN's earnings are forecast to decline over the next 3 years (-36.6% per year).

Earnings vs Market: SKN's earnings are forecast to decline over the next 3 years (-36.6% per year).

High Growth Earnings: SKN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SKN's revenue is expected to decline over the next 3 years (-14.5% per year).

High Growth Revenue: SKN's revenue is forecast to decline over the next 3 years (-14.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SKN's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has S.Kijchai Enterprise 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


27.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKN has high quality earnings.

Growing Profit Margin: SKN's current net profit margins (20.4%) are higher than last year (8.5%).


Past Earnings Growth Analysis

Earnings Trend: SKN's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: SKN's earnings growth over the past year (317.1%) exceeds its 5-year average (27.7% per year).

Earnings vs Industry: SKN earnings growth over the past year (317.1%) exceeded the Building industry 26.1%.


Return on Equity

High ROE: SKN's Return on Equity (27%) is considered high.


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Financial Health

How is S.Kijchai Enterprise's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SKN's short term assets (THB1.3B) exceed its short term liabilities (THB557.7M).

Long Term Liabilities: SKN's short term assets (THB1.3B) exceed its long term liabilities (THB251.3M).


Debt to Equity History and Analysis

Debt Level: SKN has more cash than its total debt.

Reducing Debt: SKN's debt to equity ratio has reduced from 96.4% to 4% over the past 5 years.

Debt Coverage: SKN's debt is well covered by operating cash flow (693.7%).

Interest Coverage: SKN's interest payments on its debt are well covered by EBIT (112.3x coverage).


Balance Sheet


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Dividend

What is S.Kijchai Enterprise current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.15%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SKN's dividend (4.15%) is higher than the bottom 25% of dividend payers in the TH market (1.75%).

High Dividend: SKN's dividend (4.15%) is low compared to the top 25% of dividend payers in the TH market (5.38%).


Stability and Growth of Payments

Stable Dividend: SKN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SKN's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.5%), SKN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.2%), SKN'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?

5.2yrs

Average management tenure


CEO

Vichai Sangwongkit (59 yo)

11.75yrs

Tenure

฿60,000

Compensation

Mr. Vichai Sangwongkit serves as Managing Director and Director at S.Kijchai Enterprise Public Company Limited since September 28, 2010. He serves as Director at T.Y.B CO., LTD. since 2019, S.Kijchai Capit...


Leadership Team

Experienced Management: SKN's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: SKN's board of directors are considered experienced (7.3 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.


Top Shareholders

Company Information

S.Kijchai Enterprise Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: S.Kijchai Enterprise Public Company Limited
  • Ticker: SKN
  • Exchange: SET
  • Founded: 2010
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: ฿5.400b
  • Shares outstanding: 800.00m
  • Website: https://www.skn.co.th

Number of Employees


Location

  • S.Kijchai Enterprise Public Company Limited
  • 99/9 M.7, Huay Yang Sub-district
  • Klang District
  • Rayong
  • 21110
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
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.