company background image
BOL

Business OnlineSET:BOL Stock Report

Market Cap

฿10.6b

7D

-0.8%

1Y

118.6%

Updated

27 Oct, 2021

Data

Company Financials +
BOL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance6/6
Financial Health6/6
Dividends4/6

BOL Overview

Business Online Public Company Limited, together with its subsidiaries, develops and provides local and global financial information systems in Thailand.

Price History & Performance

Summary of all time highs, changes and price drops for Business Online
Historical stock prices
Current Share Price฿12.90
52 Week High฿5.65
52 Week Low฿13.90
Beta0.16
1 Month Change13.16%
3 Month Change32.31%
1 Year Change118.64%
3 Year Change568.39%
5 Year Change672.45%
Change since IPO3,694.12%

Recent News & Updates

Shareholder Returns

BOLTH Professional ServicesTH Market
7D-0.8%1.5%0.4%
1Y118.6%49.7%37.6%

Return vs Industry: BOL exceeded the TH Professional Services industry which returned 49.7% over the past year.

Return vs Market: BOL exceeded the TH Market which returned 37.6% over the past year.

Price Volatility

Is BOL's price volatile compared to industry and market?
BOL volatility
BOL Beta0.16
Industry Beta1.13
Market Beta1

Stable Share Price: BOL is more volatile than 75% of TH stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: BOL's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

FoundedEmployeesCEOWebsite
1995n/aChamaiporn Apikulvanichhttps://www.bol.co.th

Business Online Public Company Limited, together with its subsidiaries, develops and provides local and global financial information systems in Thailand. Its solutions include Corpus, an intelligence platform that compiles information on all registered company in Thailand; dun & bradstreet that improves performance through data and insights; MatchLink, a social business networking platform for SMEs; and DebtLine to manage debt professionally. The company also provides online and offline business information, consulting and database management, and social business services.

Business Online Fundamentals Summary

How do Business Online's earnings and revenue compare to its market cap?
BOL fundamental statistics
Market Cap฿10.58b
Earnings (TTM)฿207.68m
Revenue (TTM)฿642.70m

51.0x

P/E Ratio

16.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOL income statement (TTM)
Revenue฿642.70m
Cost of Revenue฿252.72m
Gross Profit฿389.98m
Expenses฿182.30m
Earnings฿207.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin60.68%
Net Profit Margin32.31%
Debt/Equity Ratio0%

How did BOL perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

89%

Payout Ratio

Valuation

Is Business Online undervalued compared to its fair value and its price relative to the market?

50.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BOL (THB12.9) is trading above our estimate of fair value (THB8.88)

Significantly Below Fair Value: BOL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BOL is poor value based on its PE Ratio (51x) compared to the Asian Professional Services industry average (26.5x).

PE vs Market: BOL is poor value based on its PE Ratio (51x) compared to the TH market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: BOL is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: BOL is overvalued based on its PB Ratio (14.4x) compared to the XA Professional Services industry average (2.7x).


Future Growth

How is Business Online forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOL's forecast earnings growth (23.6% per year) is above the savings rate (2.1%).

Earnings vs Market: BOL's earnings (23.6% per year) are forecast to grow faster than the TH market (20.3% per year).

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

Revenue vs Market: BOL's revenue (13.7% per year) is forecast to grow faster than the TH market (11.4% per year).

High Growth Revenue: BOL's revenue (13.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOL's Return on Equity is forecast to be very high in 3 years time (46%).


Past Performance

How has Business Online performed over the past 5 years?

24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOL has high quality earnings.

Growing Profit Margin: BOL's current net profit margins (32.3%) are higher than last year (28%).


Past Earnings Growth Analysis

Earnings Trend: BOL's earnings have grown significantly by 24.4% per year over the past 5 years.

Accelerating Growth: BOL's earnings growth over the past year (26%) exceeds its 5-year average (24.4% per year).

Earnings vs Industry: BOL earnings growth over the past year (26%) exceeded the Professional Services industry 13.1%.


Return on Equity

High ROE: BOL's Return on Equity (28.2%) is considered high.


Financial Health

How is Business Online's financial position?


Financial Position Analysis

Short Term Liabilities: BOL's short term assets (THB549.9M) exceed its short term liabilities (THB250.0M).

Long Term Liabilities: BOL's short term assets (THB549.9M) exceed its long term liabilities (THB74.7M).


Debt to Equity History and Analysis

Debt Level: BOL is debt free.

Reducing Debt: BOL had no debt 5 years ago.

Debt Coverage: BOL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BOL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Business Online current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOL's dividend (1.74%) is higher than the bottom 25% of dividend payers in the TH market (1.59%).

High Dividend: BOL's dividend (1.74%) is low compared to the top 25% of dividend payers in the TH market (4.73%).


Stability and Growth of Payments

Stable Dividend: BOL's dividend payments have been volatile in the past 10 years.

Growing Dividend: BOL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.9%), BOL's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOL's dividends in 3 years are forecast to be covered by earnings (80.1% payout ratio).


Next Steps

Management

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

18.8yrs

Average management tenure


CEO

Chamaiporn Apikulvanich (59 yo)

18.75yrs

Tenure

Ms. Chamaiporn Apikulvanich has been the Chief Executive Officer of Business Online Public Co. Ltd. since 2003. Ms. Apikulvanich served as General Manager of Business Online Public Company Limited since 20...


Leadership Team

Experienced Management: BOL's management team is seasoned and experienced (18.8 years average tenure).


Board Members

Experienced Board: BOL'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.


Top Shareholders

Company Information

Business Online Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Business Online Public Company Limited
  • Ticker: BOL
  • Exchange: SET
  • Founded: 1995
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: ฿10.585b
  • Shares outstanding: 820.51m
  • Website: https://www.bol.co.th

Location

  • Business Online Public Company Limited
  • 1023 MS Siam Towers
  • 28th Floor
  • Bangkok
  • 10120
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 15:45
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.