Thoresen Thai Agencies Future Growth

Future criteria checks 1/6

Thoresen Thai Agencies's revenue is forecast to decline at 6% per annum while its annual earnings are expected to grow at 9% per year. EPS is expected to grow by 8.9% per annum.

Key information

9.0%

Earnings growth rate

8.9%

EPS growth rate

Industrials earnings growth	12.9%
Revenue growth rate	-6.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	11 Aug 2023

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

THAMSE:TTA-F - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	21,513	2,356	2,029	2,936	1
12/31/2024	20,299	2,060	3,613	4,590	1
12/31/2023	20,614	1,561	609	5,395	1
6/30/2023	25,961	2,099	485	4,829	N/A
3/31/2023	28,052	2,504	1,485	5,434	N/A
12/31/2022	29,321	3,269	2,919	6,332	N/A
9/30/2022	29,806	4,988	5,657	8,422	N/A
6/30/2022	27,681	5,154	5,044	6,861	N/A
3/31/2022	24,715	4,649	3,961	5,515	N/A
12/31/2021	22,128	3,859	3,297	5,121	N/A
9/30/2021	17,847	2,444	1,169	2,908	N/A
6/30/2021	15,155	-525	135	1,810	N/A
3/31/2021	12,981	-1,296	-340	1,905	N/A
12/31/2020	12,830	-1,945	-601	1,163	N/A
9/30/2020	13,657	-1,912	284	1,524	N/A
6/30/2020	14,289	64	924	2,102	N/A
3/31/2020	15,017	156	1,264	1,917	N/A
12/31/2019	15,428	563	838	1,478	N/A
9/30/2019	15,178	380	884	1,621	N/A
6/30/2019	14,835	-94	174	1,034	N/A
3/31/2019	14,542	149	-266	918	N/A
12/31/2018	13,946	210	-23	1,629	N/A
9/30/2018	13,590	488	-654	1,355	N/A
6/30/2018	13,191	389	-769	1,658	N/A
3/31/2018	13,401	509	-523	1,933	N/A
12/31/2017	13,392	588	-523	1,481	N/A
9/30/2017	13,443	187	253	1,677	N/A
6/30/2017	13,873	145	1,151	2,200	N/A
3/31/2017	13,808	-100	N/A	2,351	N/A
12/31/2016	13,662	-418	N/A	2,371	N/A
9/30/2016	15,124	-11,538	N/A	2,170	N/A
6/30/2016	17,340	-11,349	N/A	1,798	N/A
3/31/2016	19,807	-11,328	N/A	713	N/A
12/31/2015	21,426	-11,335	N/A	635	N/A
9/30/2015	22,786	69	N/A	646	N/A
6/30/2015	22,898	201	N/A	684	N/A
3/31/2015	22,015	429	N/A	1,624	N/A
12/31/2014	22,554	886	N/A	1,870	N/A
9/30/2014	21,431	1,015	N/A	2,583	N/A
6/30/2014	21,365	-3,934	N/A	3,016	N/A
3/31/2014	20,810	-4,310	N/A	2,033	N/A
12/31/2013	19,570	-4,713	N/A	1,609	N/A
9/30/2013	18,463	-5,119	N/A	1,143	N/A
6/30/2013	17,240	-1,836	N/A	832	N/A
3/31/2013	17,277	-4,066	N/A	1,202	N/A
12/31/2012	17,144	-4,052	N/A	1,939	N/A
9/30/2012	16,347	-4,494	N/A	1,969	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTA-F's forecast earnings growth (9% per year) is above the savings rate (1.9%).

Earnings vs Market: TTA-F's earnings (9% per year) are forecast to grow slower than the TH market (18.8% per year).

High Growth Earnings: TTA-F's earnings are forecast to grow, but not significantly.

Revenue vs Market: TTA-F's revenue is expected to decline over the next 3 years (-6% per year).

High Growth Revenue: TTA-F's revenue is forecast to decline over the next 3 years (-6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

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

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/08/16 09:37
End of Day Share Price	2023/05/19 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

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

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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

Thoresen Thai Agencies Public Company Limited is covered by 25 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
Kawee Manitsupavong	Asia Plus Securities Company Limited
Jitra Amornthum	BNP Paribas Securities (Asia)
Suppata Srisuk	Bualuang Securities PCL