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

ASK is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (34.4x).

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

ASK is good value based on its Price-To-Earnings Ratio (12.3x) compared to the Asian Consumer Finance industry average (14.4x).

What is ASK'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 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

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

ASK (THB11.1) is trading below our estimate of [[fair value]] (THB26.7)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Asia Sermkij Leasing (SET:ASK) - Stock Price, News & Analysis

ASK Stock Overview

Primarily engages in the provision of hire purchase services for automobiles in Thailand. More details

ASK fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	2/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 58.4% below our estimate of its fair value

Earnings are forecast to grow 29.42% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (21.5%) are lower than last year (46.6%)

Dividend of 10.45% is not well covered by earnings

Asia Sermkij Leasing Public Company Limited Competitors

SG Capital

SET:SGC

฿8.0b

Heng Leasing and Capital

SET:HENG

฿4.7b

Chase Asia

SET:CHASE

฿2.3b

Ratchthani Leasing

SET:THANI

฿10.7b

Price History & Performance

Summary of all time highs, changes and price drops for Asia Sermkij Leasing
Historical stock prices
Current Share Price	฿11.10
52 Week High	฿21.20
52 Week Low	฿9.60
Beta	0.80
11 Month Change	-8.26%
3 Month Change	-20.71%
1 Year Change	-43.94%
33 Year Change	-74.63%
5 Year Change	-56.04%
Change since IPO	27.21%

Recent updates

Shareholder Returns

	ASK	TH Consumer Finance	TH Market
7D	4.7%	0.2%	-0.4%
1Y	-43.9%	-9.8%	3.5%

Return vs Industry: ASK underperformed the TH Consumer Finance industry which returned -9.8% over the past year.

Return vs Market: ASK underperformed the TH Market which returned 3.5% over the past year.

Price Volatility

Is ASK's price volatile compared to industry and market?
ASK volatility
ASK Average Weekly Movement	5.7%
Consumer Finance Industry Average Movement	6.4%
Market Average Movement	4.6%
10% most volatile stocks in TH Market	9.9%
10% least volatile stocks in TH Market	2.3%

Stable Share Price: ASK has not had significant price volatility in the past 3 months compared to the TH market.

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

About the Company

Founded	Employees	CEO	Website
1984	n/a	Tze-Ting Yang	www.ask.co.th

Asia Sermkij Leasing Public Company Limited, together with its subsidiaries, primarily engages in the provision of hire purchase services for automobiles in Thailand. The company operates through five segments: Hire Purchase, Leasing, Loan, Factoring, and Insurance Broker. The Hire Purchase segment provides automobile hire purchase services for new and used passenger and commercial cars, such as pickup, van, truck, taxi, etc.; and machine hire purchase services for consumers and commercial customers.

Asia Sermkij Leasing Public Company Limited Fundamentals Summary

How do Asia Sermkij Leasing's earnings and revenue compare to its market cap?
ASK fundamental statistics
Market cap	฿5.70b
Earnings (TTM)	฿476.37m
Revenue (TTM)	฿2.22b

12.3x

P/E Ratio

2.6x

P/S Ratio

Is ASK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASK income statement (TTM)
Revenue	฿2.22b
Cost of Revenue	฿0
Gross Profit	฿2.22b
Other Expenses	฿1.74b
Earnings	฿476.37m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.90
Gross Margin	100.00%
Net Profit Margin	21.49%
Debt/Equity Ratio	599.3%

How did ASK perform over the long term?

See historical performance and comparison

Dividends

10.5%

Current Dividend Yield

129%

Payout Ratio

ASK Stock Overview

Rewards

Risk Analysis

Asia Sermkij Leasing Public Company Limited Competitors

SET:SGC

฿8.0b

SET:HENG

฿4.7b

SET:CHASE

฿2.3b

SET:THANI

฿10.7b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 34%

Asia Sermkij Leasing Public Company Limited to Report Q3, 2024 Results on Nov 22, 2024

Second quarter 2024 earnings: EPS misses analyst expectations

Investor sentiment deteriorates as stock falls 18%

New major risk - Revenue and earnings growth

Recent updates

Third quarter 2024 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 34%

Asia Sermkij Leasing Public Company Limited to Report Q3, 2024 Results on Nov 22, 2024

Second quarter 2024 earnings: EPS misses analyst expectations

Investor sentiment deteriorates as stock falls 18%

New major risk - Revenue and earnings growth

Investor sentiment deteriorates as stock falls 18%

New minor risk - Profit margin trend

Asia Sermkij Leasing Public Company Limited Approves Dividend for the Year 2023

Upcoming dividend of ฿1.16 per share

Dividend reduced to ฿1.16

Full year 2023 earnings: EPS misses analyst expectations

Asia Sermkij Leasing Public Company Limited, Annual General Meeting, Apr 11, 2024

Asia Sermkij Leasing Public Company Limited Proposes Dividend Payment for Year 2023, Payable on April 30, 2024

Now 21% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: ฿0.60 (vs ฿0.74 in 3Q 2022)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: ฿0.64 (vs ฿0.68 in 2Q 2022)

Consensus EPS estimates fall by 15%

Asia Sermkij Leasing Public Company Limited (SET:ASK) acquired Bangkok Grand Pacific Lease Public Company Limited.

Price target decreased by 7.4% to ฿44.00

Upcoming dividend of ฿1.44 per share at 3.6% yield

Asia Sermkij Leasing Public Company Limited, Annual General Meeting, Apr 11, 2023

Less than half of directors are independent

Now 22% undervalued

Price target decreased to ฿47.50

Asia Sermkij Leasing Public Company Limited to Report Q2, 2022 Results on Aug 10, 2022

Investor sentiment improved over the past week

Less than half of directors are independent

Upcoming dividend of ฿1.14 per share

Asia Sermkij Leasing Public Company Limited Proposes Dividend for 2021, Payable on May 6, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day low: ฿20.40

Upcoming Dividend of ฿1.70 Per Share

Asia Sermkij Leasing Public Company Limited, Annual General Meeting, Apr 20, 2021

New 90-day high: ฿22.40

Chailease Capital (Thailand) Company Limited completed the acquisition of an additional 0.35% stake in Asia Sermkij Leasing Public Company Limited (SET:ASK) from a group of shareholders for THB 22.6 million.

New 90-day high: ฿22.30

Chailease Capital (Thailand) Company Limited made a tender offer to acquire an additional 50.01% stake in Asia Sermkij Leasing Public Company Limited (SET:ASK) from a group of shareholders for THB 3.2 billion.

Asia Sermkij Leasing Public Company Limited Announces Executive Changes

New 90-day high: ฿19.20

New 90-day high: ฿19.10

Shareholder Returns

Price Volatility

About the Company

Asia Sermkij Leasing Public Company Limited Fundamentals Summary

12.3x

2.6x

Earnings & Revenue

Dividends

10.5%

129%