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

TLI-R is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (11.6x).

How does TLI-R's PE Ratio compare vs other companies in the Asian Insurance Industry?

TLI-R is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the Asian Insurance industry average (10.9x).

What is TLI-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.

TLI-R is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

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

TLI-R (THB10.4) is trading below our estimate of [[fair value]] (THB15.74)

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

Insufficient data to show price forecast.

TLI-R Stock Overview

Provides life insurance products and services in Thailand. More details

TLI-R fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 33.9% below our estimate of its fair value

Earnings are forecast to grow 6.27% per year

Earnings grew by 15.6% over the past year

Risk Analysis

No risks detected for TLI-R from our risk checks.

My Notes

Capture your thoughts, links and company narrative

Thai Life Insurance Public Company Limited Competitors

Bangkok Life Assurance

SET:BLA

฿34.0b

BKI Holdings

SET:BKIH

฿30.2b

TQM Alpha

SET:TQM

฿13.7b

Dhipaya Group Holdings

SET:TIPH

฿12.4b

Price History & Performance

Summary of share price highs, lows and changes for Thai Life Insurance
Historical stock prices
Current Share Price	฿10.40
52 Week High	฿11.60
52 Week Low	฿6.55
Beta	-0.00035
1 Month Change	-1.89%
3 Month Change	14.92%
1 Year Change	5.05%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-34.59%

Recent updates

Shareholder Returns

	TLI-R	TH Insurance	TH Market
7D	-2.8%	-3.0%	-4.7%
1Y	5.1%	-4.3%	-3.4%

Return vs Industry: TLI-R exceeded the TH Insurance industry which returned -4.3% over the past year.

Return vs Market: TLI-R exceeded the TH Market which returned -3.4% over the past year.

Price Volatility

Is TLI-R's price volatile compared to industry and market?
TLI-R volatility
TLI-R Average Weekly Movement	5.8%
Insurance Industry Average Movement	4.1%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

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

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

About the Company

Founded	Employees	CEO	Website
1942	n/a	Chai Chaiyawan	www.thailife.com

Thai Life Insurance Public Company Limited provides life insurance products and services in Thailand. The company offers life, retirement, investment, health, accident, inheritance planning, critical illness, micro, and senior citizen insurance products, as well as insurance products for savings and tax deductions, and kids. It serves through various channels, such as commercial banks, state banks, leasing and hire-purchase, consumer loans, direct marketing, employee welfare group, and digital.

Thai Life Insurance Public Company Limited Fundamentals Summary

How do Thai Life Insurance's earnings and revenue compare to its market cap?
TLI-R fundamental statistics
Market cap	฿119.08b
Earnings (TTM)	฿10.38b
Revenue (TTM)	฿105.71b

11.5x

P/E Ratio

1.1x

P/S Ratio

Is TLI-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TLI-R income statement (TTM)
Revenue	฿105.71b
Cost of Revenue	฿84.82b
Gross Profit	฿20.89b
Other Expenses	฿10.51b
Earnings	฿10.38b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 28, 2025

Earnings per share (EPS)	0.91
Gross Margin	19.76%
Net Profit Margin	9.82%
Debt/Equity Ratio	0%

How did TLI-R perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

38%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 13:05
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

Thai Life Insurance Public Company Limited is covered by 9 analysts. 6 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
Bay Tuntisrisuk	BofA Global Research
Wikij Tirawannarat	Bualuang Securities PCL
Nathapol Pongsukcharoenkul	CGS International