Alpha Divisions (SET:ALPHAX) - Share price, News & Analysis

ALPHAX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

ALPHAX Stock Overview

Alpha Divisions Public Company Limited engages in the trading of crude palm oil for biodiesel and edible oil in Thailand.

Risk Analysis

Shareholders have been substantially diluted in the past year

Volatile share price over the past 3 months

Profit margins (3.6%) are lower than last year (8.3%)

Does not have a meaningful market cap (THB3B)

Alpha Divisions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Alpha Divisions
Historical stock prices
Current Share Price	฿1.66
52 Week High	฿2.42
52 Week Low	฿1.45
Beta	-0.59
1 Month Change	-12.63%
3 Month Change	-17.00%
1 Year Change	-1.19%
3 Year Change	40.68%
5 Year Change	33.87%
Change since IPO	60.18%

Shareholder Returns

	ALPHAX	TH Consumer Retailing	TH Market
7D	3.8%	-2.6%	-0.5%
1Y	-1.2%	4.1%	4.4%

Return vs Industry: ALPHAX underperformed the TH Consumer Retailing industry which returned 4.1% over the past year.

Return vs Market: ALPHAX underperformed the TH Market which returned 4.4% over the past year.

Price Volatility

Is ALPHAX's price volatile compared to industry and market?
ALPHAX volatility
ALPHAX Average Weekly Movement	7.3%
Consumer Retailing Industry Average Movement	3.3%
Market Average Movement	5.1%
10% most volatile stocks in TH Market	9.8%
10% least volatile stocks in TH Market	2.6%

Stable Share Price: ALPHAX is more volatile than 75% of TH stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ALPHAX's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

Founded	Employees	CEO	Website
1985	n/a	Teera Chutivarapon	https://www.alphadivisions.com

Alpha Divisions Public Company Limited engages in the trading of crude palm oil for biodiesel and edible oil in Thailand. It is also involved in the trading of faucets; and consultation and property development activities. The company was formerly known as Ocean Commerce Public Company Limited and changed its name to Alpha Divisions Public Company Limited in January 2022.

Alpha Divisions Fundamentals Summary

How do Alpha Divisions's earnings and revenue compare to its market cap?
ALPHAX fundamental statistics
Market Cap	฿3.18b
Earnings (TTM)	฿14.07m
Revenue (TTM)	฿385.65m

225.9x

P/E Ratio

8.2x

P/S Ratio

Is ALPHAX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALPHAX income statement (TTM)
Revenue	฿385.65m
Cost of Revenue	฿284.67m
Gross Profit	฿100.98m
Other Expenses	฿86.91m
Earnings	฿14.07m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.0073
Gross Margin	26.18%
Net Profit Margin	3.65%
Debt/Equity Ratio	3.4%

How did ALPHAX perform over the long term?

See historical performance and comparison

Valuation

Is Alpha Divisions undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

225.85x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ALPHAX (THB1.66) is trading above our estimate of fair value (THB0.16)

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

Price To Earnings Ratio

PE vs Industry: ALPHAX is poor value based on its PE Ratio (225.9x) compared to the TH Consumer Retailing industry average (25.9x).

PE vs Market: ALPHAX is poor value based on its PE Ratio (225.9x) compared to the TH market (17.9x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALPHAX's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ALPHAX is good value based on its PB Ratio (2.7x) compared to the TH Consumer Retailing industry average (3.3x).

Future Growth

How is Alpha Divisions 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

20.3%

Forecasted Consumer Retailing 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 Alpha Divisions 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.

Past Performance

How has Alpha Divisions performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

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

46.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALPHAX has high quality earnings.

Growing Profit Margin: ALPHAX's current net profit margins (3.6%) are lower than last year (8.3%).

Past Earnings Growth Analysis

Earnings Trend: ALPHAX has become profitable over the past 5 years, growing earnings by 46% per year.

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

Earnings vs Industry: ALPHAX had negative earnings growth (-77.9%) over the past year, making it difficult to compare to the Consumer Retailing industry average (7.2%).

Return on Equity

High ROE: ALPHAX's Return on Equity (2.7%) is considered low.

Financial Health

How is Alpha Divisions's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

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

Financial Position Analysis

Short Term Liabilities: ALPHAX's short term assets (THB1.2B) exceed its short term liabilities (THB195.1M).

Long Term Liabilities: ALPHAX's short term assets (THB1.2B) exceed its long term liabilities (THB47.2M).

Debt to Equity History and Analysis

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

Reducing Debt: ALPHAX's debt to equity ratio has reduced from 30.4% to 3.4% over the past 5 years.

Debt Coverage: ALPHAX's debt is well covered by operating cash flow (73.5%).

Interest Coverage: ALPHAX earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Alpha Divisions'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
Future Dividend Coverage

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Consumer Retailing industry.

Management

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

1.2yrs

Average management tenure

CEO

Teera Chutivarapon

0.75

Tenure

Mr. Teera Chutivarapon serves as Vice Chairman of the Board and CEO at Alpha Divisions Public Company Limited since February 25, 2022. He served as an Acting Chief Executive Officer at Alpha Divisions Publ...

Leadership Team

Experienced Management: ALPHAX's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Experienced Board: ALPHAX's board of directors are not considered experienced ( 3 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 substantially diluted in the past year, with total shares outstanding growing by 58.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31