Sappe Management

Management criteria checks 2/4

Sappe's CEO is Piyajit Ruckariyapong, appointed in Feb 2015, has a tenure of 9.83 years. directly owns 17.73% of the company’s shares, worth THB3.66B. The average tenure of the management team and the board of directors is 7.8 years and 11.4 years respectively.

Key information

Piyajit Ruckariyapong

Chief executive officer

฿1.5m

Total compensation

CEO salary percentage	n/a
CEO tenure	9.8yrs
CEO ownership	17.7%
Management average tenure	7.8yrs
Board average tenure	11.4yrs

Recent management updates

Recent updates

CEO

Piyajit Ruckariyapong (47 yo)

9.8yrs

Tenure

฿1,474,199

Compensation

Ms. Piyajit Ruckariyapong has been the Chief Executive Officer and Executive Director Sappe Public Company Limited since February 09, 2015 and October 22, 2012 respectively. Previously, Ms. Ruckariyapong s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Piyajit Ruckariyapong	CEO & Executive Director	9.8yrs	฿1.47m	17.73% THB 3.7b
Adisak Ruckariyaphong	Executive Vice Chairman	16.4yrs	฿1.45m	16.8% THB 3.5b
Anan Ruckariyapong	President & Executive Director	no data	฿1.47m	1.61% THB 333.1m
Arnupap Ruckariyapong	COO & Executive Director	9.8yrs	฿1.45m	18.53% THB 3.8b
Anak Lapsuksatit	Chief Financial Officer	7.8yrs	no data	no data
Jarinya Buransuk	Assistant Vice President of Accounting	5.9yrs	no data	no data
Yata Onin	Chief Innovation Officer	no data	no data	no data
Maneerat Jarukitsopa	Vice President of Marketing	no data	no data	no data
Apiwitsh Shiratani	Vice President of Marketing	no data	no data	no data
Sutatip Chantharangsee	Company Secretary & Assistant VP of New Business Partnership	6yrs	no data	no data

7.8yrs

Average Tenure

45yo

Average Age

Experienced Management: SAPPE's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Piyajit Ruckariyapong	CEO & Executive Director	12.2yrs	฿1.47m	17.73% THB 3.7b
Adisak Ruckariyaphong	Executive Vice Chairman	16.4yrs	฿1.45m	16.8% THB 3.5b
Anan Ruckariyapong	President & Executive Director	36.6yrs	฿1.47m	1.61% THB 333.1m
Arnupap Ruckariyapong	COO & Executive Director	16.4yrs	฿1.45m	18.53% THB 3.8b
Chanin Archjananun	Independent Director	1.7yrs	฿1.06m	no data
Natee Onin	Non-Executive Chairman	11.4yrs	฿1.51m	0.0040% THB 825.4k
Niratchara Siriamphunkul	Independent Director	11.4yrs	฿1.55m	0.0060% THB 1.2m
Surath Pralongsilp	Independent Director	11.4yrs	฿1.57m	no data
Thana Thienachariya	Independent Director	11.4yrs	฿1.45m	no data

11.4yrs

Average Tenure

53yo

Average Age

Experienced Board: SAPPE's board of directors are seasoned and experienced ( 11.4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 12:51
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sappe Public Company Limited is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Choon Heng Ng	CGS International
Sureeporn Teewasuwet	FSS International Advisory
Boonyarith Benjathanarak	Globlex Securities Co. Ltd.

Sappe Management

Management criteria checks 2/4

Key information

Recent management updates

Sappe Public Company Limited Appoints Niratchara Siriamphunkul as Member of the Audit Committee

Sappe Public Company Limited, Annual General Meeting, Apr 18, 2024

Less than half of directors are independent

Sappe Public Company Limited Announces Resignation of Kunnigar Triyangkulsri as Independent Director and Audit Committee

Insufficient new directors

Sappe Public Company Limited, Annual General Meeting, Apr 29, 2021

Recent updates

New minor risk - Share price stability

Price target decreased by 11% to ฿101

Investor sentiment deteriorates as stock falls 20%

Now 25% undervalued after recent price drop

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 21% undervalued

New major risk - Earnings quality

Price target increased by 7.7% to ฿110

First quarter 2024 earnings released: EPS: ฿1.14 (vs ฿0.89 in 1Q 2023)

Sappe Public Company Limited Appoints Niratchara Siriamphunkul as Member of the Audit Committee

Upcoming dividend of ฿2.18 per share

Sappe Public Company Limited, Annual General Meeting, Apr 18, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 23% undervalued

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued

Now 20% undervalued

Now 20% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: ฿1.01 (vs ฿0.54 in 2Q 2022)

Price target increased by 8.6% to ฿91.55

Consensus EPS estimates increase by 10%

Price target increased by 7.1% to ฿69.11

Investor sentiment improves as stock rises 17%

Price target increased by 9.8% to ฿67.35

Price target increased by 7.0% to ฿63.84

Third quarter 2022 earnings released: EPS: ฿0.58 (vs ฿0.46 in 3Q 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ฿0.58 (vs ฿0.46 in 3Q 2021)

Price target increased to ฿51.38

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Sappe Public Company Limited Announces Resignation of Kunnigar Triyangkulsri as Independent Director and Audit Committee

Price target increased to ฿42.83

Investor sentiment improved over the past week

Price target increased to ฿38.75

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ฿1.10 per share

Insufficient new directors

Consensus forecasts updated

Full year 2021 earnings: Revenues in line with analyst expectations

Third quarter 2021 earnings released: EPS ฿0.47 (vs ฿0.44 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.42 (vs ฿0.27 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.27 in 1Q 2020)

Upcoming dividend of ฿1.02 per share

Price target increased to ฿30.00

Investor sentiment improved over the past week

Sappe Public Company Limited, Annual General Meeting, Apr 29, 2021

Full year 2020 earnings released: EPS ฿1.25 (vs ฿1.32 in FY 2019)

New 90-day high: ฿24.50

New 90-day low: ฿19.30

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS ฿0.44

Price target raised to ฿25.50

Price target raised to ฿25.00

New 90-day high: ฿21.90

Price target raised to ฿23.50

New 90-day high - ฿20.30

First half earnings released

New 90-day low - ฿16.60

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status