Winner Group Enterprise (SET:WINNER-R) - Share price, News & Analysis

WINNER-R fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

WINNER-R Stock Overview

Winner Group Enterprise Public Company Limited, together with its subsidiaries, manufactures, imports, and distributes raw materials, ingredients, food chemicals, and consumer products in Thailand.

Rewards

Price-To-Earnings ratio (12.9x) is below the TH market (18.2x)

Earnings grew by 60.3% over the past year

Risk Analysis

Earnings have declined by 3% per year over past 5 years

Dividend of 5.25% is not well covered by earnings

Does not have a meaningful market cap (THB1B)

Winner Group Enterprise Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Winner Group Enterprise
Historical stock prices
Current Share Price	฿2.46
52 Week High	฿3.28
52 Week Low	฿1.87
Beta	0.44
1 Month Change	-1.60%
3 Month Change	-5.39%
1 Year Change	27.24%
3 Year Change	36.67%
5 Year Change	-5.39%
Change since IPO	-24.69%

Shareholder Returns

	WINNER-R	TH Consumer Retailing	TH Market
7D	1.7%	-0.1%	1.0%
1Y	27.2%	3.7%	5.0%

Return vs Industry: WINNER-R exceeded the TH Consumer Retailing industry which returned 3.7% over the past year.

Return vs Market: WINNER-R exceeded the TH Market which returned 5% over the past year.

Price Volatility

Is WINNER-R's price volatile compared to industry and market?
WINNER-R volatility
WINNER-R Average Weekly Movement	4.8%
Consumer Retailing Industry Average Movement	4.5%
Market Average Movement	5.0%
10% most volatile stocks in TH Market	9.8%
10% least volatile stocks in TH Market	2.6%

Stable Share Price: WINNER-R is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: WINNER-R's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1983	n/a	Jane Wongissariyakul	https://www.winnergroup.co.th

Winner Group Enterprise Public Company Limited, together with its subsidiaries, manufactures, imports, and distributes raw materials, ingredients, food chemicals, and consumer products in Thailand. It offers cocoa butter, liquor, and powder; couverture and compound chocolate; chocolate chips, spreads, and fillings; raisins, cranberries, cashew nuts, almonds, and rolled oats; egg white, egg yolk, and whole egg powders; popcorns, cooking papers, and pumpkin powder; margarine and shortening; seasoning products; icing, ground, and donut sugar; glazing powder, maltodextrin, dextrose, aspatame, acesulfame K, and sucralose; potato, modified, wheat, and corn starch; wheat flour and gluten; potato granules; whipping creams; and bread improvers, yeasts, and baking powders. The company also provides carboxy methyl cellulose, carrageenan, gellan gum, pectin, and xanthan gum; potassium sorbate, sodium benzoate, and phosphate preservatives; powder drink; baking ingredients; and batter mix, pancake mix, and creamy custard powder.

Winner Group Enterprise Fundamentals Summary

How do Winner Group Enterprise's earnings and revenue compare to its market cap?
WINNER-R fundamental statistics
Market Cap	฿1.48b
Earnings (TTM)	฿114.66m
Revenue (TTM)	฿1.84b

12.9x

P/E Ratio

0.8x

P/S Ratio

Is WINNER-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
WINNER-R income statement (TTM)
Revenue	฿1.84b
Cost of Revenue	฿1.41b
Gross Profit	฿429.03m
Other Expenses	฿314.37m
Earnings	฿114.66m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.19
Gross Margin	23.31%
Net Profit Margin	6.23%
Debt/Equity Ratio	35.9%

How did WINNER-R perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

68%

Payout Ratio

Valuation

Is Winner Group Enterprise undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

12.87x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: WINNER-R (THB2.46) is trading above our estimate of fair value (THB2.18)

Significantly Below Fair Value: WINNER-R is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: WINNER-R is good value based on its Price-To-Earnings Ratio (12.9x) compared to the TH Consumer Retailing industry average (34.1x).

PE vs Market: WINNER-R is good value based on its Price-To-Earnings Ratio (12.9x) compared to the TH market (18.2x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: WINNER-R is good value based on its Price-To-Book Ratio (2.1x) compared to the TH Consumer Retailing industry average (3.3x).

Future Growth

How is Winner Group Enterprise 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

20.6%

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 Winner Group Enterprise 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 Winner Group Enterprise performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

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

-3.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WINNER-R has high quality earnings.

Growing Profit Margin: WINNER-R's current net profit margins (6.2%) are higher than last year (4.3%).

Past Earnings Growth Analysis

Earnings Trend: WINNER-R's earnings have declined by 3% per year over the past 5 years.

Accelerating Growth: WINNER-R's earnings growth over the past year (60.3%) exceeds its 5-year average (-3% per year).

Earnings vs Industry: WINNER-R earnings growth over the past year (60.3%) exceeded the Consumer Retailing industry 6.6%.

Return on Equity

High ROE: WINNER-R's Return on Equity (16.2%) is considered low.

Financial Health

How is Winner Group Enterprise'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: WINNER-R's short term assets (THB798.8M) exceed its short term liabilities (THB537.1M).

Long Term Liabilities: WINNER-R's short term assets (THB798.8M) exceed its long term liabilities (THB38.9M).

Debt to Equity History and Analysis

Debt Level: WINNER-R's net debt to equity ratio (26.8%) is considered satisfactory.

Reducing Debt: WINNER-R's debt to equity ratio has increased from 0.05% to 35.9% over the past 5 years.

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

Interest Coverage: WINNER-R's interest payments on its debt are well covered by EBIT (25.6x coverage).

Balance Sheet

Dividend

What is Winner Group Enterprise current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.25%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WINNER-R's dividend (5.25%) is higher than the bottom 25% of dividend payers in the TH market (1.7%).

High Dividend: WINNER-R's dividend (5.25%) is low compared to the top 25% of dividend payers in the TH market (5.33%).

Stability and Growth of Payments

Stable Dividend: WINNER-R has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: WINNER-R's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (67.6%), WINNER-R's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (236.9%), WINNER-R's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

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

4.3yrs

Average management tenure

CEO

Jane Wongissariyakul (68 yo)

9.33yrs

Tenure

Mr. Jane Wongissariyakul serves as an Independent Director at Eason & Co Public Company Limited since March 14, 2015. He has been Chief Executive Officer at Winner Group Enterprise Public Company Limited s...

Leadership Team

Experienced Management: WINNER-R's management team is considered experienced (4.3 years average tenure).

Board Members

Experienced Board: WINNER-R's board of directors are considered experienced (9.1 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/28 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31