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

KTC is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (12.9x).

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

KTC is good value based on its Price-To-Earnings Ratio (16.4x) compared to the TH Consumer Finance industry average (16.7x).

What is KTC'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.

KTC is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

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

KTC (THB46.5) is trading above our estimate of [[fair value]] (THB38.31)

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

Target price is less than 20% higher than the current share price.

Krungthai Card (SET:KTC) - Stock Price, News & Analysis

KTC Stock Overview

Engages in the credit card, personal loan, and other related businesses in Thailand. More details

KTC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	3/6
Financial Health	3/6
Dividends	5/6

Rewards

Price-To-Earnings ratio (16.4x) is below the Consumer Finance industry average (16.7x)

Earnings are forecast to grow 7.4% per year

Earnings grew by 1.5% over the past year

Pays a reliable dividend of 2.73%

Risk Analysis

Debt is not well covered by operating cash flow

Krungthai Card Public Company Limited Competitors

Muangthai Capital

SET:MTC

฿103.9b

Srisawad Corporation

SET:SAWAD

฿59.3b

Ngern Tid Lor

SET:TIDLOR

฿48.7b

AEON Thana Sinsap (Thailand)

SET:AEONTS

฿30.6b

Price History & Performance

Summary of all time highs, changes and price drops for Krungthai Card
Historical stock prices
Current Share Price	฿46.50
52 Week High	฿49.75
52 Week Low	฿37.00
Beta	0.74
11 Month Change	-3.63%
3 Month Change	10.06%
1 Year Change	-0.53%
33 Year Change	-19.48%
5 Year Change	13.41%
Change since IPO	1,862.03%

Recent updates

Shareholder Returns

	KTC	TH Consumer Finance	TH Market
7D	0%	-1.3%	0.8%
1Y	-0.5%	-11.6%	3.1%

Return vs Industry: KTC exceeded the TH Consumer Finance industry which returned -11.6% over the past year.

Return vs Market: KTC underperformed the TH Market which returned 3.1% over the past year.

Price Volatility

Is KTC's price volatile compared to industry and market?
KTC volatility
KTC Average Weekly Movement	2.8%
Consumer Finance Industry Average Movement	7.3%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

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

Volatility Over Time: KTC's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	n/a	Pittaya Vorapanyasakul	www.ktc.co.th

Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailand. It also engages in the merchant acquiring, payment services, provincial retail lending business, occupational retail lending business, e-money business, and hire purchase and leasing business. The company was incorporated in 1996 and is headquartered in Bangkok, Thailand.

Krungthai Card Public Company Limited Fundamentals Summary

How do Krungthai Card's earnings and revenue compare to its market cap?
KTC fundamental statistics
Market cap	฿119.25b
Earnings (TTM)	฿7.31b
Revenue (TTM)	฿18.47b

16.4x

P/E Ratio

6.5x

P/S Ratio

Is KTC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KTC income statement (TTM)
Revenue	฿18.47b
Cost of Revenue	฿0
Gross Profit	฿18.47b
Other Expenses	฿11.16b
Earnings	฿7.31b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.84
Gross Margin	100.00%
Net Profit Margin	39.58%
Debt/Equity Ratio	157.8%

How did KTC perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

45%

Payout Ratio

KTC Stock Overview

Rewards

Risk Analysis

Krungthai Card Public Company Limited Competitors

SET:MTC

฿103.9b

SET:SAWAD

฿59.3b

SET:TIDLOR

฿48.7b

SET:AEONTS

฿30.6b

Price History & Performance

Recent News & Updates

Now 20% overvalued after recent price rise

Price target increased by 7.5% to ฿50.70

Third quarter 2024 earnings released: EPS: ฿0.74 (vs ฿0.72 in 3Q 2023)

Now 21% overvalued after recent price rise

Krungthai Card Public Company Limited to Report Q3, 2024 Final Results on Nov 13, 2024

Krungthai Card Public Company Limited to Report Q2, 2024 Results on Aug 13, 2024

Recent updates

Now 20% overvalued after recent price rise

Price target increased by 7.5% to ฿50.70

Third quarter 2024 earnings released: EPS: ฿0.74 (vs ฿0.72 in 3Q 2023)

Now 21% overvalued after recent price rise

Krungthai Card Public Company Limited to Report Q3, 2024 Final Results on Nov 13, 2024

Krungthai Card Public Company Limited to Report Q2, 2024 Results on Aug 13, 2024

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Krungthai Card Public Company Limited to Report Q2, 2024 Results on Jul 19, 2024

Now 17% overvalued

Now 20% overvalued

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ฿1.27 per share

Dividend increased to ฿1.27

Krungthai Card Public Company Limited, Annual General Meeting, Apr 05, 2024

Krungthai Card Public Company Limited Recommends Dividend Payment for the Year 2023, Payable on 3 May 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Krungthai Card Public Company Limited Announces Executive Changes

High number of new directors

Krungthai Card Public Company Limited Announces Board Changes Effective from 20 November 2023

Krungthai Card Public Company Limited Announces Resignation of Nathporn Chatusripitak as Independent Director and the Audit, Environmental, Social Responsibilities, and Corporate Governance Committee, Effective from November 1, 2023

Krungthai Card Public Company Limited Announces Resignation of Lieutenant General Apichat Chaiyadar from Director, Effective from November 1, 2023

Price target decreased by 7.0% to ฿55.33

Third quarter 2023 earnings released: EPS: ฿0.72 (vs ฿0.69 in 3Q 2022)

Krungthai Card Public Company Limited Announces Appointment of Mrs. Praralee Ratanaprasartporn as Director of Nomination and Remuneration Committee

Krungthai Card Public Company Limited Announces Resignation of Rungruang Sukkirdkijpiboon as Director and Nomination and Remuneration Committee

Second quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 10% to ฿57.29

First quarter 2023 earnings released: EPS: ฿0.73 (vs ฿0.68 in 1Q 2022)

Upcoming dividend of ฿1.15 per share at 2.1% yield

Third quarter 2022 earnings: EPS misses analyst expectations

Insufficient new directors

Krungthai Card Public Company Limited Approves Mr. Prasong Poontaneat as an Independent Director

Insufficient new directors

Third quarter 2022 earnings: EPS misses analyst expectations

Second quarter 2022 earnings released: EPS: ฿0.73 (vs ฿0.65 in 2Q 2021)

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of ฿1.00 per share

Krungthai Card Public Company Limited Approves Dividends for the Year 2021, Payable on May 6, 2022

Krungthai Card Public Company Limited, Annual General Meeting, Apr 07, 2022

Full year 2021 earnings: EPS misses analyst expectations

Consensus forecasts updated

Third quarter 2021 earnings released: EPS ฿0.51 (vs ฿0.47 in 3Q 2020)

Third quarter 2021 earnings released: EPS ฿0.51 (vs ฿0.47 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.65 (vs ฿0.45 in 2Q 2020)

Price target increased to ฿57.17

Second quarter 2021 earnings released: EPS ฿0.65 (vs ฿0.45 in 2Q 2020)

Krungthai Card Deleted from Other OTC

Investor sentiment improved over the past week

Price target increased to ฿50.56

First quarter 2021 earnings released: EPS ฿0.63 (vs ฿0.64 in 1Q 2020)

First quarter 2021 earnings released: EPS ฿0.63 (vs ฿0.64 in 1Q 2020)

Chairman of the Board Parinya Patanaphakdee has left the company

Upcoming dividend of ฿0.88 per share

Chief Accountant and Senior VP of Finance & Accounting has left the company

Krungthai Card Public Company Limited, Annual General Meeting, Apr 08, 2021

Price target raised to ฿46.02

Krungthai Card Public Company Limited (SET:KTC) entered into an agreement to acquire 75.1% in Krung Thai Leasing Co., Ltd from Krung Thai Bank Public Company Limited (SET:KTB) for approximately THB 600 million.

Full year 2020 earnings released: EPS ฿2.07 (vs ฿2.14 in FY 2019)