CMO (SET:CMO) - Share price, News & Analysis

CMO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

CMO Stock Overview

CMO Public Company Limited engages in the business of event management for public events, exhibitions, and entertainment activities in Thailand.

Risk Analysis

Earnings have declined by 53.8% per year over past 5 years

Highly volatile share price over the past 3 months

Shareholders have been diluted in the past year

Does not have a meaningful market cap (THB2B)

CMO Competitors

Kingsmen C.M.T.I

SET:K

฿637.6m

Krungdhep Sophon

SET:KWC

฿1.5b

Thai Nondestructive Testing

SET:TNDT

฿436.8m

One to One Contacts

SET:OTO

฿6.9b

Price History & Performance

Summary of all time highs, changes and price drops for CMO
Historical stock prices
Current Share Price	฿5.80
52 Week High	฿15.00
52 Week Low	฿1.05
Beta	0.23
1 Month Change	-8.66%
3 Month Change	0%
1 Year Change	432.11%
3 Year Change	400.00%
5 Year Change	197.44%
Change since IPO	85.90%

Shareholder Returns

	CMO	TH Commercial Services	TH Market
7D	0%	-3.9%	1.5%
1Y	432.1%	13.0%	7.6%

Return vs Industry: CMO exceeded the TH Commercial Services industry which returned 13% over the past year.

Return vs Market: CMO exceeded the TH Market which returned 7.6% over the past year.

Price Volatility

Is CMO's price volatile compared to industry and market?
CMO volatility
CMO Average Weekly Movement	10.7%
Commercial Services Industry Average Movement	6.0%
Market Average Movement	4.7%
10% most volatile stocks in TH Market	10.4%
10% least volatile stocks in TH Market	2.4%

Stable Share Price: CMO is more volatile than 90% of TH stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: CMO's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

Founded	Employees	CEO	Website
1986	n/a	Kitisak Jampthipphong	https://www.cmo-group.com

CMO Public Company Limited engages in the business of event management for public events, exhibitions, and entertainment activities in Thailand. It provides integrated marketing communication solutions, including project development, strategic planning, creative, production, promotion, and online marketing services. The company offers research and concept development, content management, design, construction, and operational services for museums and institutions; art management services; services for image visual, lighting, and audio sound systems; video production services; and media presentation and interactive media services.

CMO Fundamentals Summary

How do CMO's earnings and revenue compare to its market cap?
CMO fundamental statistics
Market Cap	฿1.63b
Earnings (TTM)	-฿120.89m
Revenue (TTM)	฿493.91m

3.3x

P/S Ratio

-13.5x

P/E Ratio

Is CMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMO income statement (TTM)
Revenue	฿493.91m
Cost of Revenue	฿450.87m
Gross Profit	฿43.04m
Other Expenses	฿163.94m
Earnings	-฿120.89m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.43
Gross Margin	8.71%
Net Profit Margin	-24.48%
Debt/Equity Ratio	108.8%

How did CMO perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CMO?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CMO. This is calculated by dividing CMO's market cap by their current preferred multiple.
What is CMO's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	฿1.63b

CMO 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/Revenue	4.2x
Enterprise Value/EBITDA	-27.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does CMO's PS Ratio compare to its peers?

CMO PS Ratio vs Peers

The above table shows the PS ratio for CMO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	4.4x
K Kingsmen C.M.T.I	0.8x	n/a	฿637.6m
KWC Krungdhep Sophon	4.9x	n/a	฿1.5b
TNDT Thai Nondestructive Testing	1.4x	n/a	฿436.8m
OTO One to One Contacts	10.7x	19.3%	฿6.9b
CMO CMO	3.3x	n/a	฿1.6b

Price-To-Sales vs Peers: CMO is good value based on its Price-To-Sales Ratio (3.3x) compared to the peer average (4.4x).

Price to Earnings Ratio vs Industry

How does CMO's PE Ratio compare vs other companies in the Asian Commercial Services Industry?

Price-To-Sales vs Industry: CMO is expensive based on its Price-To-Sales Ratio (3.3x) compared to the TH Commercial Services industry average (2.5x)

Price to Sales Ratio vs Fair Ratio

What is CMO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CMO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate CMO's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate CMO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CMO's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is CMO forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

15.7%

Forecasted Commercial Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CMO has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Take a look at our analysis of CMO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has CMO performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-53.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CMO is currently unprofitable.

Growing Profit Margin: CMO is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: CMO is unprofitable, and losses have increased over the past 5 years at a rate of 53.8% per year.

Accelerating Growth: Unable to compare CMO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CMO is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-20.5%).

Return on Equity

High ROE: CMO has a negative Return on Equity (-33.18%), as it is currently unprofitable.

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Financial Health

How is CMO's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CMO's short term assets (THB240.9M) do not cover its short term liabilities (THB473.9M).

Long Term Liabilities: CMO's short term assets (THB240.9M) exceed its long term liabilities (THB185.5M).

Debt to Equity History and Analysis

Debt Level: CMO's net debt to equity ratio (101.7%) is considered high.

Reducing Debt: CMO's debt to equity ratio has increased from 88.1% to 108.8% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CMO has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CMO is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.

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Dividend

What is CMO current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CMO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CMO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CMO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CMO's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: CMO is not paying a notable dividend for the TH market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CMO has not reported any payouts.

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Management

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

4.1yrs

Average management tenure

CEO

Kitisak Jampthipphong

0.50

Tenure

Mr. Kitisak Jampthipphong serves as Chief Executive Officer at CMO Public Company Limited since January 01, 2022. He serves as Director of CMO Public Company Limited since November 25, 2021 and serves as i...

Leadership Team

Experienced Management: CMO's management team is considered experienced (4.1 years average tenure).

Board Members

Experienced Board: CMO's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.

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 been diluted in the past year, with total shares outstanding growing by 10%.

Data	Last Updated (UTC time)
Company Analysis	2022/08/12 00:00
End of Day Share Price	2022/08/11 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31