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Thai Reinsurance SET:THRE Stock Report

Last Price

฿0.55

Market Cap

฿2.3b

7D

-3.5%

1Y

-29.5%

Updated

18 Dec, 2024

Data

Company Financials

Thai Reinsurance Public Company Limited

SET:THRE Stock Report

Market Cap: ฿2.3b

THRE Stock Overview

Provides non-life reinsurance products and services in Thailand. More details

THRE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends0/6

Rewards

Price-To-Earnings ratio (9.6x) is below the TH market (14.3x)

Earnings grew by 60.5% over the past year

Risk Analysis

Does not have a meaningful market cap (THB2B)


My Notes

Capture your thoughts, links and company narrative

Thai Reinsurance Public Company Limited Competitors

Thaivivat Holdings

SET:TVH

฿2.4b

TQR

SET:TQR

฿1.3b

Navakij Insurance

SET:NKI

฿946.2m

Muang Thai Insurance

SET:MTI

฿6.3b

Price History & Performance

Summary of share price highs, lows and changes for Thai Reinsurance
Historical stock prices
Current Share Price฿0.55
52 Week High฿1.00
52 Week Low฿0.52
Beta0.78
1 Month Change-6.78%
3 Month Change-17.91%
1 Year Change-29.49%
3 Year Change-49.07%
5 Year Change-11.29%
Change since IPO-53.10%

Recent News & Updates

Recent updates

Shareholder Returns

THRETH InsuranceTH Market
7D-3.5%-0.6%-3.1%
1Y-29.5%0.2%-0.7%

Return vs Industry: THRE underperformed the TH Insurance industry which returned -0.8% over the past year.

Return vs Market: THRE underperformed the TH Market which returned -0.4% over the past year.

Price Volatility

Is THRE's price volatile compared to industry and market?
THRE volatility
THRE Average Weekly Movement4.3%
Insurance Industry Average Movement4.2%
Market Average Movement4.3%
10% most volatile stocks in TH Market9.1%
10% least volatile stocks in TH Market2.2%

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

Volatility Over Time: THRE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978n/aOran Vongsuraphichetwww.thaire.co.th

Thai Reinsurance Public Company Limited provides non-life reinsurance products and services in Thailand. The company operates through two segments, Conventional Products and Non-Conventional Products. It offers reinsurance products, including motor, property, fire, industrial all risk, marine hull and cargo, liability, financial, personal accident, health, etc. The company also provides computer services in relation to motor insurance claim management; claim management and marketing services; and actuarial, training, and advisory services, as well as technical consultation and professional risk pool management services.

Thai Reinsurance Public Company Limited Fundamentals Summary

How do Thai Reinsurance's earnings and revenue compare to its market cap?
THRE fundamental statistics
Market cap฿2.32b
Earnings (TTM)฿240.87m
Revenue (TTM)฿5.46b

9.6x

P/E Ratio

0.4x

P/S Ratio

Is THRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THRE income statement (TTM)
Revenue฿5.46b
Cost of Revenue฿4.43b
Gross Profit฿1.02b
Other Expenses฿783.67m
Earnings฿240.87m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.057
Gross Margin18.77%
Net Profit Margin4.41%
Debt/Equity Ratio0%

How did THRE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 09:16
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Thai Reinsurance Public Company Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Usanee LiurutAsia Plus Securities Company Limited
Trin SittisawadYuanta Securities (Thailand) Company Limited