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TNDT

Thai Nondestructive Testing SET:TNDT Stock Report

Last Price

฿0.59

Market Cap

฿436.8m

7D

-4.8%

1Y

-21.7%

Updated

15 Aug, 2022

Data

Company Financials
TNDT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends3/6

TNDT Stock Overview

Thai Nondestructive Testing Public Company Limited, a technical service company, provides nondestructive engineering services in Thailand.

Thai Nondestructive Testing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Thai Nondestructive Testing
Historical stock prices
Current Share Price฿0.59
52 Week High฿2.04
52 Week Low฿0.61
Beta1.13
1 Month Change-18.06%
3 Month Change-46.36%
1 Year Change-21.68%
3 Year Change-21.33%
5 Year Change-50.49%
Change since IPO-54.32%

Recent News & Updates

Shareholder Returns

TNDTTH Commercial ServicesTH Market
7D-4.8%-5.3%1.3%
1Y-21.7%17.4%8.0%

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

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

Price Volatility

Is TNDT's price volatile compared to industry and market?
TNDT volatility
TNDT Average Weekly Movement5.8%
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: TNDT is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TNDT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982n/aChomduen Satavuthihttps://www.tndt.co.th

Thai Nondestructive Testing Public Company Limited, a technical service company, provides nondestructive engineering services in Thailand. It operates through three segments: Nondestructive Testing Services, Inspection Services for Pressure Vessel; and Solar PV Rooftop. The company offers a range of conventional nondestructive testing (NDT) services, including eddy current, magnetic particle, liquid penetrant, radiography, visual inspection, ultrasonic, leak, alternative current field measurement, and thermography image testing services, as well as coating holiday detectors.

Thai Nondestructive Testing Fundamentals Summary

How do Thai Nondestructive Testing's earnings and revenue compare to its market cap?
TNDT fundamental statistics
Market Cap฿436.81m
Earnings (TTM)-฿30.55m
Revenue (TTM)฿318.70m

1.3x

P/S Ratio

-13.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TNDT income statement (TTM)
Revenue฿318.70m
Cost of Revenue฿225.22m
Gross Profit฿93.48m
Other Expenses฿124.02m
Earnings-฿30.55m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.043
Gross Margin29.33%
Net Profit Margin-9.58%
Debt/Equity Ratio74.5%

How did TNDT perform over the long term?

See historical performance and comparison

Dividends

11.3%

Current Dividend Yield

-72%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 TNDT?

Other financial metrics that can be useful for relative valuation.

TNDT 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/Revenue2.8x
Enterprise Value/EBITDA22.5x
PEG Ration/a

Price to Sales Ratio vs Peers

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

TNDT PS Ratio vs Peers
The above table shows the PS ratio for TNDT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5x
K Kingsmen C.M.T.I
0.8xn/a฿637.6m
KWC Krungdhep Sophon
5xn/a฿1.5b
CMO CMO
3.4xn/a฿1.6b
OTO One to One Contacts
10.7x19.3%฿6.9b
TNDT Thai Nondestructive Testing
1.3xn/a฿436.8m

Price-To-Sales vs Peers: TNDT is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (5x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: TNDT is good value based on its Price-To-Sales Ratio (1.3x) compared to the TH Commercial Services industry average (2.5x)


Price to Sales Ratio vs Fair Ratio

What is TNDT'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.

TNDT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: TNDT (THB0.59) is trading below our estimate of fair value (THB1.14)

Significantly Below Fair Value: TNDT is trading below fair value by more than 20%.


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 Thai Nondestructive Testing 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 Thai Nondestructive Testing 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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  • Examine whether Thai Nondestructive Testing is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Thai Nondestructive Testing 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


-10.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TNDT is currently unprofitable.

Growing Profit Margin: TNDT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TNDT is unprofitable, and losses have increased over the past 5 years at a rate of 10.9% per year.

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

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


Return on Equity

High ROE: TNDT has a negative Return on Equity (-6.52%), as it is currently unprofitable.


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Financial Health

How is Thai Nondestructive Testing's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TNDT's short term assets (THB170.2M) do not cover its short term liabilities (THB401.7M).

Long Term Liabilities: TNDT's short term assets (THB170.2M) do not cover its long term liabilities (THB286.6M).


Debt to Equity History and Analysis

Debt Level: TNDT's net debt to equity ratio (73.9%) is considered high.

Reducing Debt: TNDT's debt to equity ratio has increased from 58.6% to 74.5% over the past 5 years.

Debt Coverage: TNDT's debt is not well covered by operating cash flow (9.7%).

Interest Coverage: TNDT's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet


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Dividend

What is Thai Nondestructive Testing current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


11.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TNDT's dividend (11.31%) is higher than the bottom 25% of dividend payers in the TH market (1.7%).

High Dividend: TNDT's dividend (11.31%) is in the top 25% of dividend payers in the TH market (5.45%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: TNDT is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: TNDT 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?

11.6yrs

Average management tenure


CEO

Chomduen Satavuthi (76 yo)

40.58yrs

Tenure

฿280,000

Compensation

Ms. Chomduen Satavuthi has been Managing Director of Thai Nondestructive Testing Public Company Limited since 1982 and served as its Member of Executive Board. Ms. Satavuthi also serves as Executive Direct...


Leadership Team

Experienced Management: TNDT's management team is seasoned and experienced (11.6 years average tenure).


Board Members

Experienced Board: TNDT's board of directors are seasoned and experienced ( 15.3 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 been diluted in the past year, with total shares outstanding growing by 8.2%.


Top Shareholders

Company Information

Thai Nondestructive Testing Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Thai Nondestructive Testing Public Company Limited
  • Ticker: TNDT
  • Exchange: SET
  • Founded: 1982
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Implied Market Cap: ฿436.812m
  • Shares outstanding: 716.09m
  • Website: https://www.tndt.co.th

Location

  • Thai Nondestructive Testing Public Company Limited
  • 19 Soi Ramkhamheang60 yak8
  • Ramkhamheang Rd.
  • Bangkok
  • 10240
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 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.