D.T.C. Industries (SET:DTCI) - Share price, News & Analysis

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

DTCI (THB33) is trading above our estimate of [[fair value]] (THB3.17)

DTCI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

DTCI Stock Overview

D.T.C. Industries Public Company Limited produces and distributes pens and related products in Thailand and internationally.

Risk Analysis

Earnings have declined by 30.5% per year over past 5 years

Shares are highly illiquid

Does not have a meaningful market cap (THB330M)

Does not have meaningful revenue (THB137M)

D.T.C. Industries Competitors

Rockworth

SET:ROCK

฿168.0m

Global Service Center

SET:GSC

฿800.0m

Siam Steel International

SET:SIAM

฿1.0b

Thai Nondestructive Testing

SET:TNDT

฿422.5m

Price History & Performance

Summary of all time highs, changes and price drops for D.T.C. Industries
Historical stock prices
Current Share Price	฿33.00
52 Week High	฿38.00
52 Week Low	฿21.00
Beta	0.54
1 Month Change	10.00%
3 Month Change	10.00%
1 Year Change	15.79%
3 Year Change	28.16%
5 Year Change	10.00%
Change since IPO	-15.82%

Shareholder Returns

	DTCI	TH Commercial Services	TH Market
7D	0%	-6.0%	1.0%
1Y	15.8%	19.6%	8.0%

Return vs Industry: DTCI underperformed the TH Commercial Services industry which returned 17.4% over the past year.

Return vs Market: DTCI exceeded the TH Market which returned 8% over the past year.

Price Volatility

Is DTCI's price volatile compared to industry and market?
DTCI volatility
DTCI Average Weekly Movement	n/a
Commercial Services Industry Average Movement	5.8%
Market Average Movement	4.6%
10% most volatile stocks in TH Market	10.2%
10% least volatile stocks in TH Market	2.3%

Stable Share Price: Insufficient data to determine DTCI's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine DTCI's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1971	n/a	n/a	https://www.lancerpen.com

D.T.C. Industries Public Company Limited produces and distributes pens and related products in Thailand and internationally. It also provides space rental. The company was incorporated in 1971 and is headquartered in Bangkok, Thailand.

D.T.C. Industries Fundamentals Summary

How do D.T.C. Industries's earnings and revenue compare to its market cap?
DTCI fundamental statistics
Market Cap	฿330.00m
Earnings (TTM)	-฿3.15m
Revenue (TTM)	฿137.04m

2.4x

P/S Ratio

-104.8x

P/E Ratio

Is DTCI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DTCI income statement (TTM)
Revenue	฿137.04m
Cost of Revenue	฿99.08m
Gross Profit	฿37.96m
Other Expenses	฿41.11m
Earnings	-฿3.15m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.31
Gross Margin	27.70%
Net Profit Margin	-2.30%
Debt/Equity Ratio	2.1%

How did DTCI perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

-61%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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 DTCI?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for DTCI. This is calculated by dividing DTCI's market cap by their current preferred multiple.
What is DTCI's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	฿330.00m

DTCI 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	1.4x
Enterprise Value/EBITDA	27.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

DTCI PS Ratio vs Peers

The above table shows the PS ratio for DTCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	2.9x
ROCK Rockworth	0.4x	n/a	฿168.0m
GSC Global Service Center	9.4x	n/a	฿800.0m
SIAM Siam Steel International	0.6x	n/a	฿1.0b
TNDT Thai Nondestructive Testing	1.3x	n/a	฿422.5m
DTCI D.T.C. Industries	2.4x	n/a	฿330.0m

Price-To-Sales vs Peers: DTCI is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (2.9x).

Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: DTCI is good value based on its Price-To-Sales Ratio (2.4x) compared to the TH Commercial Services industry average (2.5x)

Price to Sales Ratio vs Fair Ratio

What is DTCI'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.

DTCI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.4x
Fair PS Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: DTCI (THB33) is trading above our estimate of fair value (THB3.17)

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

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 D.T.C. Industries 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

15.9%

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 D.T.C. Industries 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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Past Performance

How has D.T.C. Industries 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

-30.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DTCI is currently unprofitable.

Growing Profit Margin: DTCI is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: DTCI is unprofitable, and losses have increased over the past 5 years at a rate of 30.5% per year.

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

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

Return on Equity

High ROE: DTCI has a negative Return on Equity (-0.81%), as it is currently unprofitable.

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Financial Health

How is D.T.C. Industries's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: DTCI's short term assets (THB264.0M) exceed its short term liabilities (THB48.3M).

Long Term Liabilities: DTCI's short term assets (THB264.0M) exceed its long term liabilities (THB25.0M).

Debt to Equity History and Analysis

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

Reducing Debt: DTCI's debt to equity ratio has increased from 0.6% to 2.1% over the past 5 years.

Debt Coverage: DTCI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if DTCI's interest payments on its debt are well covered by EBIT.

Balance Sheet

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Dividend

What is D.T.C. Industries's 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

0.61%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DTCI's dividend (0.61%) isn’t notable compared to the bottom 25% of dividend payers in the TH market (1.7%).

High Dividend: DTCI's dividend (0.61%) is low compared to the top 25% of dividend payers in the TH market (5.45%).

Stability and Growth of Payments

Stable Dividend: DTCI is not paying a notable dividend for the TH market, therefore no need to check if payments are stable.

Growing Dividend: DTCI is not paying a notable dividend for the TH market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: DTCI is paying a dividend but the company has no free cash flows.

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Management

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

9.2yrs

Average board tenure

CEO

D.T.C. Industries has no CEO, or we have no data on them.

Board Members

Experienced Board: DTCI's board of directors are considered experienced (9.2 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/15 00:00
End of Day Share Price	2022/07/21 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31