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SIAM

Siam Steel International SET:SIAM Stock Report

Last Price

฿1.70

Market Cap

฿1.0b

7D

-1.2%

1Y

-15.0%

Updated

14 Aug, 2022

Data

Company Financials
SIAM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

SIAM Stock Overview

Siam Steel International Public Company Limited, together with its subsidiaries, manufactures and sells steel office equipment and furniture, and furniture parts in Thailand.

Siam Steel International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Siam Steel International
Historical stock prices
Current Share Price฿1.70
52 Week High฿2.18
52 Week Low฿1.60
Beta0.32
1 Month Change1.19%
3 Month Change-2.86%
1 Year Change-15.00%
3 Year Change-14.14%
5 Year Change-35.12%
Change since IPO-99.20%

Recent News & Updates

Shareholder Returns

SIAMTH Commercial ServicesTH Market
7D-1.2%-5.3%1.3%
1Y-15.0%17.4%8.0%

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

Return vs Market: SIAM underperformed the TH Market which returned 8% over the past year.

Price Volatility

Is SIAM's price volatile compared to industry and market?
SIAM volatility
SIAM Average Weekly Movement2.8%
Commercial Services Industry Average Movement5.8%
Market Average Movement4.6%
10% most volatile stocks in TH Market10.2%
10% least volatile stocks in TH Market2.3%

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

Volatility Over Time: SIAM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1953n/aSurapol Kunanantakulhttps://www.siamsteel.com

Siam Steel International Public Company Limited, together with its subsidiaries, manufactures and sells steel office equipment and furniture, and furniture parts in Thailand. The company is also involved in construction business. Its steel and wooden furniture products include cabinets, lockers, and combine furniture systems; desks and tables; chairs; partitions; safes; shelving systems; and furniture for stadiums comprising bleachers and folding stages.

Siam Steel International Fundamentals Summary

How do Siam Steel International's earnings and revenue compare to its market cap?
SIAM fundamental statistics
Market Cap฿1.01b
Earnings (TTM)฿6.08m
Revenue (TTM)฿1.79b

165.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIAM income statement (TTM)
Revenue฿1.79b
Cost of Revenue฿1.54b
Gross Profit฿252.26m
Other Expenses฿246.18m
Earnings฿6.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.01
Gross Margin14.09%
Net Profit Margin0.34%
Debt/Equity Ratio4.6%

How did SIAM perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

98%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SIAM 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 SIAM?

Other financial metrics that can be useful for relative valuation.

SIAM 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/Revenue0.6x
Enterprise Value/EBITDA89.7x
PEG Ration/a

Price to Sales Ratio vs Peers

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

SIAM PS Ratio vs Peers
The above table shows the PS ratio for SIAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.8x
GSC Global Service Center
9.4xn/a฿795.0m
DTCI D.T.C. Industries
2.4xn/a฿330.0m
ROCK Rockworth
0.4xn/a฿168.0m
GENCO General Environmental Conservation
3.2xn/a฿774.4m
SIAM Siam Steel International
0.6xn/a฿1.0b

Price-To-Sales vs Peers: SIAM is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (3.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: SIAM is good value based on its Price-To-Sales Ratio (0.6x) compared to the TH Commercial Services industry average (2.5x)


Price to Sales Ratio vs Fair Ratio

What is SIAM'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.

SIAM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: SIAM (THB1.7) is trading above our estimate of fair value (THB0.16)

Significantly Below Fair Value: SIAM 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 Siam Steel International 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 Siam Steel International 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 Siam Steel International performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIAM has a large one-off gain of THB2.9M impacting its March 31 2022 financial results.

Growing Profit Margin: SIAM's current net profit margins (0.3%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: SIAM has become profitable over the past 5 years, growing earnings by 11.9% per year.

Accelerating Growth: SIAM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SIAM had negative earnings growth (-90.1%) over the past year, making it difficult to compare to the Commercial Services industry average (-20.5%).


Return on Equity

High ROE: SIAM's Return on Equity (0.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Siam Steel International's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIAM's short term assets (THB993.6M) exceed its short term liabilities (THB532.4M).

Long Term Liabilities: SIAM's short term assets (THB993.6M) exceed its long term liabilities (THB160.8M).


Debt to Equity History and Analysis

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

Reducing Debt: SIAM's debt to equity ratio has reduced from 24.8% to 4.6% over the past 5 years.

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

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


Balance Sheet


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Dividend

What is Siam Steel International 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


0.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SIAM's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the TH market (1.68%).

High Dividend: SIAM's dividend (0.59%) is low compared to the top 25% of dividend payers in the TH market (5.46%).


Stability and Growth of Payments

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

Growing Dividend: SIAM 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: SIAM is not paying a notable dividend for the TH market.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

16.4yrs

Average board tenure


CEO

Surapol Kunanantakul (55 yo)

no data

Tenure

Mr. Surapol Kunanantakul serves as President at Siam Steel International Public Company Limited. He serves as a Vice President at Siam Steel Service Center Public Company Limited. Mr. Kunanantakul served a...


Board Members

Experienced Board: SIAM's board of directors are seasoned and experienced ( 16.4 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

Siam Steel International Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Siam Steel International Public Company Limited
  • Ticker: SIAM
  • Exchange: SET
  • Founded: 1953
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Implied Market Cap: ฿1.008b
  • Shares outstanding: 593.13m
  • Website: https://www.siamsteel.com

Location

  • Siam Steel International Public Company Limited
  • 51 Moo 2, Poochao Road
  • Bangyaprak
  • Phra Pradaeng
  • 10130
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 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.