SET:SST

Stock Analysis Report

Executive Summary

Sub Sri Thai Public Company Limited, together with its subsidiaries, engages in food and beverage, warehouse and wharf, and garment businesses in Thailand, the United Kingdom, and France.


Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has Sub Sri Thai's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SST's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.7%

SST

1.9%

TH Consumer Retailing

-2.8%

TH Market


1 Year Return

-34.8%

SST

-17.2%

TH Consumer Retailing

-32.8%

TH Market

Return vs Industry: SST underperformed the TH Consumer Retailing industry which returned -17.2% over the past year.

Return vs Market: SST underperformed the TH Market which returned -32.8% over the past year.


Shareholder returns

SSTIndustryMarket
7 Day0.7%1.9%-2.8%
30 Day-14.8%-6.0%-21.3%
90 Day-21.5%-13.3%-30.3%
1 Year-34.1%-34.8%-15.8%-17.2%-30.4%-32.8%
3 Year-75.6%-75.9%1.9%-3.0%-26.4%-33.2%
5 Year-81.8%-82.1%38.5%23.7%-22.2%-33.6%

Price Volatility Vs. Market

How volatile is Sub Sri Thai's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sub Sri Thai undervalued compared to its fair value and its price relative to the market?

230.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SST (฿3) is trading above our estimate of fair value (฿0.64)

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


Price To Earnings Ratio

PE vs Industry: SST is poor value based on its PE Ratio (230.6x) compared to the Consumer Retailing industry average (21.9x).

PE vs Market: SST is poor value based on its PE Ratio (230.6x) compared to the TH market (11.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SST is good value based on its PB Ratio (0.6x) compared to the TH Consumer Retailing industry average (1.8x).


Next Steps

Future Growth

How is Sub Sri Thai forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

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 Sub Sri Thai 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.


Next Steps

Past Performance

How has Sub Sri Thai performed over the past 5 years?

-35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SST has a large one-off gain of ฿36.4M impacting its December 31 2019 financial results.

Growing Profit Margin: SST's current net profit margins (0.2%) are lower than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: SST's earnings have declined by -35% per year over the past 5 years.

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

Earnings vs Industry: SST had negative earnings growth (-86.8%) over the past year, making it difficult to compare to the Consumer Retailing industry average (5.1%).


Return on Equity

High ROE: SST's Return on Equity (-0.2%) is considered low.


Next Steps

Financial Health

How is Sub Sri Thai's financial position?


Financial Position Analysis

Short Term Liabilities: SST's short term assets (฿581.1M) do not cover its short term liabilities (฿1.2B).

Long Term Liabilities: SST's short term assets (฿581.1M) do not cover its long term liabilities (฿1.1B).


Debt to Equity History and Analysis

Debt Level: SST's debt to equity ratio (42.2%) is considered high.

Reducing Debt: SST's debt to equity ratio has reduced from 70% to 42.2% over the past 5 years.

Debt Coverage: SST's debt is not well covered by operating cash flow (14.7%).

Interest Coverage: SST's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet

Inventory Level: SST has a high level of physical assets or inventory.

Debt Coverage by Assets: SST's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Sub Sri Thai's current dividend yield, its reliability and sustainability?

1.67%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 29 2020Ex Dividend DateMay 08 2020Dividend Pay DateMay 27 202019 days from Ex DividendBuy in the next 39 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SST's dividend (1.67%) isn’t notable compared to the bottom 25% of dividend payers in the TH market (3.39%).

High Dividend: SST's dividend (1.67%) is low compared to the top 25% of dividend payers in the TH market (8.97%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: SST is not paying a notable dividend for the TH market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SST's dividend in 3 years as they are not forecast to pay a notable one for the TH market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Supasith Sukhanindr (43yo)

3s

Tenure

Mr. Supasith Sukhanindr serves as the Chairman of Executive Director at Sub Sri Thai Public Company Limited and has been its Vice Chairman since April 13, 2016 also its Chief Executive Officer and Presiden ...


Leadership Team

NamePositionTenureCompensationOwnership
Supasith Sukhanindr
Vice Chairman3yrsno data31.89% ฿436.1m
Limly Thipphongpraphas
Deputy Managing Director of Financeno datano datano data
Patcharee Boonnak
Senior Operation Managerno datano datano data
Somsak Tangprakob
Accounting & Finance Manager2.17yrsno datano data
Piyapong Rintranurak
Head of Group Corporate Finance0.33yrno datano data
Pilanchai Pradubphong
Secretary & Director15.17yrsno datano data

2.6yrs

Average Tenure

59yo

Average Age

Experienced Management: SST's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Supasith Sukhanindr
Vice Chairman3yrsno data31.89% ฿436.1m
Pilanchai Pradubphong
Secretary & Director15.17yrsno datano data
Chitra Thavara
Independent Director14.33yrsno datano data
Duangkae Chinthammit
Director14.33yrsno data5.62% ฿76.8m
Intira Sukhanindr
Director15.17yrsno data10.4% ฿142.2m
Duangdao Chinthammit
Director15.17yrsno data14.64% ฿200.2m
Surapong Paisitpatnapong
Independent Chairman0.17yrno datano data
Tosporn Simtrakan
Independent Director5.92yrsno datano data
Somyod Suteerapornchai
Director0.17yrno datano data

14.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: SST's board of directors are seasoned and experienced ( 14.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sub Sri Thai Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sub Sri Thai Public Company Limited
  • Ticker: SST
  • Exchange: SET
  • Founded: 1976
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: ฿1.367b
  • Shares outstanding: 455.81m
  • Website: https://www.subsrithai.co.th

Location

  • Sub Sri Thai Public Company Limited
  • 2044/25-27, New Petchaburi Extension
  • Bangkapi
  • Bangkok
  • 10310
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSTSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJul 1994
SST-RSET (The Stock Exchange of Thailand)THB1(NVDR)THTHBAug 2001
2SSABST (Boerse-Stuttgart)THB1(ALIEN MKT)DEEURJun 2010

Biography

Sub Sri Thai Public Company Limited, together with its subsidiaries, engages in food and beverage, warehouse and wharf, and garment businesses in Thailand, the United Kingdom, and France. The Food and Beverage segment produces and distributes snacks, drinks, and ice cream, as well as operates restaurants. This segment also operates as a franchise holder of Au Bon Pain, a bakery outlet; Dunkin’ Donuts, a bakery shop; and Baskin Robbins, an ice cream shop. The Warehouse and Wharf segment offers document and electronic media storage services; warehouse rental and management services; and other services, such as wharfing, weighing, stevedoring, fertilizers blending, and packing and loading services, as well as cargo deposit services. The Garment segment designs, produces, and distributes clothing and leather products. The company also engages in trust fund management activities. Sub Sri Thai Public Company Limited was founded in 1976 and is headquartered in Bangkok, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 15:55
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.