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ASK-

Asia Sermkij Leasing SET:ASK-R Stock Report

Last Price

฿36.00

Market Cap

฿19.0b

7D

2.1%

1Y

-4.6%

Updated

30 Jul, 2022

Data

Company Financials +
ASK-R fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance4/6
Financial Health3/6
Dividends3/6

ASK-R Stock Overview

Asia Sermkij Leasing Public Company Limited provides auto hire purchase services primarily in Thailand.

Asia Sermkij Leasing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Asia Sermkij Leasing
Historical stock prices
Current Share Price฿36.00
52 Week High฿49.50
52 Week Low฿28.25
Beta0.89
1 Month Change13.39%
3 Month Change-17.24%
1 Year Change-4.64%
3 Year Change44.00%
5 Year Change72.25%
Change since IPO312.58%

Recent News & Updates

Shareholder Returns

ASK-RTH Consumer FinanceTH Market
7D2.1%2.6%1.6%
1Y-4.6%-6.3%5.3%

Return vs Industry: ASK-R exceeded the TH Consumer Finance industry which returned -6.3% over the past year.

Return vs Market: ASK-R underperformed the TH Market which returned 5.3% over the past year.

Price Volatility

Is ASK-R's price volatile compared to industry and market?
ASK-R volatility
ASK-R Average Weekly Movement7.6%
Consumer Finance Industry Average Movement4.8%
Market Average Movement5.0%
10% most volatile stocks in TH Market11.0%
10% least volatile stocks in TH Market2.5%

Stable Share Price: ASK-R is more volatile than 75% of TH stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ASK-R's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

FoundedEmployeesCEOWebsite
1984n/aLai-Wang Tanghttps://www.ask.co.th

Asia Sermkij Leasing Public Company Limited provides auto hire purchase services primarily in Thailand. It operates through five segments: Hire Purchase, Leasing, Loan, Factoring, and Insurance Broker. The company provides automobile hire purchase services for new and used automobiles, including passenger and commercial cars, such as pickup, van, truck and taxi, etc.; auto and machine leasing services for commercial customers; personal loans, sale and hire purchase back, and floor plan financing to hire purchase customers, entrepreneurs, and automotive dealers; and factoring services to commercial customers in various industries.

Asia Sermkij Leasing Fundamentals Summary

How do Asia Sermkij Leasing's earnings and revenue compare to its market cap?
ASK-R fundamental statistics
Market Cap฿19.00b
Earnings (TTM)฿1.28b
Revenue (TTM)฿2.70b

14.9x

P/E Ratio

7.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASK-R income statement (TTM)
Revenue฿2.70b
Cost of Revenue฿0
Gross Profit฿2.70b
Other Expenses฿1.42b
Earnings฿1.28b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.42
Gross Margin100.00%
Net Profit Margin47.35%
Debt/Equity Ratio498.5%

How did ASK-R perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

45%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ASK-R 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 ASK-R?

Other financial metrics that can be useful for relative valuation.

ASK-R 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does ASK-R's PE Ratio compare to its peers?

ASK-R PE Ratio vs Peers
The above table shows the PE ratio for ASK-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.2x
SAK Saksiam Leasing
23.6x26.9%฿15.4b
THANI Ratchthani Leasing
13.3x11.9%฿23.1b
HENG Heng Leasing and Capital
35.8xn/a฿12.9b
BFIT Srisawad Finance
27.9xn/a฿15.6b
ASK-R Asia Sermkij Leasing
14.9x23.6%฿19.0b

Price-To-Earnings vs Peers: ASK-R is good value based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (25.2x).


Price to Earnings Ratio vs Industry

How does ASK-R's PE Ratio compare vs other companies in the Asian Consumer Finance Industry?

Price-To-Earnings vs Industry: ASK-R is good value based on its Price-To-Earnings Ratio (14.9x) compared to the TH Consumer Finance industry average (15.5x)


Price to Earnings Ratio vs Fair Ratio

What is ASK-R's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASK-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.9x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: ASK-R is good value based on its Price-To-Earnings Ratio (14.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).


Share Price vs Fair Value

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

Below Fair Value: ASK-R (THB36) is trading below our estimate of fair value (THB39.29)

Significantly Below Fair Value: ASK-R is trading below fair value, but not by a significant amount.


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 Asia Sermkij Leasing forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASK-R's forecast earnings growth (23.6% per year) is above the savings rate (2%).

Earnings vs Market: ASK-R's earnings (23.6% per year) are forecast to grow faster than the TH market (18.7% per year).

High Growth Earnings: ASK-R's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASK-R's revenue (22.5% per year) is forecast to grow faster than the TH market (10% per year).

High Growth Revenue: ASK-R's revenue (22.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASK-R's Return on Equity is forecast to be low in 3 years time (19.3%).


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Past Performance

How has Asia Sermkij Leasing 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


10.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASK-R has a high level of non-cash earnings.

Growing Profit Margin: ASK-R's current net profit margins (47.3%) are higher than last year (41.5%).


Past Earnings Growth Analysis

Earnings Trend: ASK-R's earnings have grown by 10.4% per year over the past 5 years.

Accelerating Growth: ASK-R's earnings growth over the past year (33.3%) exceeds its 5-year average (10.4% per year).

Earnings vs Industry: ASK-R earnings growth over the past year (33.3%) exceeded the Consumer Finance industry 6%.


Return on Equity

High ROE: ASK-R's Return on Equity (13.3%) is considered low.


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Financial Health

How is Asia Sermkij Leasing's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASK-R's short term assets (THB59.2B) exceed its short term liabilities (THB21.9B).

Long Term Liabilities: ASK-R's short term assets (THB59.2B) exceed its long term liabilities (THB28.8B).


Debt to Equity History and Analysis

Debt Level: ASK-R's net debt to equity ratio (493.8%) is considered high.

Reducing Debt: ASK-R's debt to equity ratio has reduced from 562% to 498.5% over the past 5 years.

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

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


Balance Sheet


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Dividend

What is Asia Sermkij Leasing 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


3.17%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASK-R's dividend (3.17%) is higher than the bottom 25% of dividend payers in the TH market (1.76%).

High Dividend: ASK-R's dividend (3.17%) is low compared to the top 25% of dividend payers in the TH market (5.55%).


Stability and Growth of Payments

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

Growing Dividend: ASK-R's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (44.8%), ASK-R's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: ASK-R 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?

3.5yrs

Average management tenure


CEO

Lai-Wang Tang (59 yo)

3.33yrs

Tenure

฿240,000

Compensation

Mr. Lai-Wang Tang serves as Managing Director at Bangkok Grand Pacific Lease Public Company Limited since 2019. He serves as Director, Director at Anywhere 2 Go Company Limited since 2019. He serves as Dir...


Leadership Team

Experienced Management: ASK-R's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: ASK-R's board of directors are seasoned and experienced ( 15.2 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

Asia Sermkij Leasing Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Asia Sermkij Leasing Public Company Limited
  • Ticker: ASK-R
  • Exchange: SET
  • Founded: 1984
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Implied Market Cap: ฿19.002b
  • Shares outstanding: 527.84m
  • Website: https://www.ask.co.th

Location

  • Asia Sermkij Leasing Public Company Limited
  • Sathorn City Tower
  • 24th Floor
  • Bangkok
  • 10120
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/30 00:00
End of Day Share Price2022/07/27 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.