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ROCK

Rockworth SET:ROCK Stock Report

Last Price

฿8.40

Market Cap

฿168.0m

7D

-11.6%

1Y

-39.1%

Updated

11 Aug, 2022

Data

Company Financials
ROCK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ROCK Stock Overview

Rockworth Public Company Limited manufactures and distributes office furniture in Thailand, rest of Asia, and internationally.

Rockworth Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rockworth
Historical stock prices
Current Share Price฿8.40
52 Week High฿16.30
52 Week Low฿6.20
Beta-0.12
1 Month Change5.00%
3 Month Change5.00%
1 Year Change-39.13%
3 Year Change-56.92%
5 Year Change-52.27%
Change since IPO-90.18%

Recent News & Updates

Shareholder Returns

ROCKTH Commercial ServicesTH Market
7D-11.6%-3.9%1.5%
1Y-39.1%12.2%7.3%

Return vs Industry: ROCK underperformed the TH Commercial Services industry which returned 12.2% over the past year.

Return vs Market: ROCK underperformed the TH Market which returned 7.3% over the past year.

Price Volatility

Is ROCK's price volatile compared to industry and market?
ROCK volatility
ROCK Average Weekly Movement14.8%
Commercial Services Industry Average Movement6.0%
Market Average Movement4.8%
10% most volatile stocks in TH Market10.4%
10% least volatile stocks in TH Market2.4%

Stable Share Price: ROCK is more volatile than 90% of TH stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: ROCK's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

FoundedEmployeesCEOWebsite
1972n/aChatchawal Pongsuthimanushttps://rockworth.com

Rockworth Public Company Limited manufactures and distributes office furniture in Thailand, rest of Asia, and internationally. It offers smart office solutions, such as workspace booking and analytics, smart locker, and visitor management systems; architectural and acoustic solutions, including wall systems, modular carpets, and acoustic panels; and office seating products comprising chairs, modular seating lounges, benches and ottomans, stools, sofas, and beam seating products. The company provides desk systems and tables; room elements and space division products that include pods, screen and space dividers, and panel and reception systems; pedestals and personal storage systems, shelves and cabinets, and lockers; and collaborative tools, desk accessories and décor products, as well as technology support, power access, and lighting solutions.

Rockworth Fundamentals Summary

How do Rockworth's earnings and revenue compare to its market cap?
ROCK fundamental statistics
Market Cap฿168.00m
Earnings (TTM)-฿43.20m
Revenue (TTM)฿462.35m

0.4x

P/S Ratio

-3.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ROCK income statement (TTM)
Revenue฿462.35m
Cost of Revenue฿336.42m
Gross Profit฿125.94m
Other Expenses฿169.14m
Earnings-฿43.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-2.16
Gross Margin27.24%
Net Profit Margin-9.34%
Debt/Equity Ratio49.5%

How did ROCK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ROCK 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 ROCK?

Other financial metrics that can be useful for relative valuation.

ROCK 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/Revenue0.7x
Enterprise Value/EBITDA-32.9x
PEG Ration/a

Price to Sales Ratio vs Peers

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

ROCK PS Ratio vs Peers
The above table shows the PS ratio for ROCK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.4x
DTCI D.T.C. Industries
2.5xn/a฿330.0m
GSC Global Service Center
9.4xn/a฿795.0m
SIAM Siam Steel International
0.6xn/a฿1.0b
TNDT Thai Nondestructive Testing
1.4xn/a฿436.8m
ROCK Rockworth
0.4xn/a฿168.0m

Price-To-Sales vs Peers: ROCK is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (3.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: ROCK is good value based on its Price-To-Sales Ratio (0.4x) compared to the TH Commercial Services industry average (2.5x)


Price to Sales Ratio vs Fair Ratio

What is ROCK'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.

ROCK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate ROCK'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 Rockworth 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


15.6%

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 Rockworth 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 ROCK’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 Rockworth 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


-36.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ROCK is currently unprofitable.

Growing Profit Margin: ROCK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ROCK is unprofitable, and losses have increased over the past 5 years at a rate of 36.9% per year.

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

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


Return on Equity

High ROE: ROCK has a negative Return on Equity (-11.56%), as it is currently unprofitable.


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Financial Health

How is Rockworth'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: ROCK's short term assets (THB317.4M) exceed its short term liabilities (THB315.1M).

Long Term Liabilities: ROCK's short term assets (THB317.4M) exceed its long term liabilities (THB134.7M).


Debt to Equity History and Analysis

Debt Level: ROCK's net debt to equity ratio (31.8%) is considered satisfactory.

Reducing Debt: ROCK's debt to equity ratio has increased from 27.9% to 49.5% 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: ROCK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ROCK has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.9% each year


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Dividend

What is Rockworth 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 ROCK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ROCK'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 ROCK's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


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Management

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


CEO

Chatchawal Pongsuthimanus

0.25

Tenure

Mr. Chatchawal Pongsuthimanus serves as the Chairman at Rockworth Public Company Limited and also as its Acting Chief Executive Officer since May 30, 2022. Mr. Pongsuthimanus served as Vice Chairman of Roc...


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

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


Key Information

  • Name: Rockworth Public Company Limited
  • Ticker: ROCK
  • Exchange: SET
  • Founded: 1972
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Implied Market Cap: ฿168.000m
  • Shares outstanding: 20.00m
  • Website: https://rockworth.com

Location

  • Rockworth Public Company Limited
  • 294-300 Asoke-Dindaeng Road
  • Huaykwang
  • Bangkok
  • 10320
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 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.