TQM Alpha Past Earnings Performance

Past criteria checks 4/6

TQM Alpha has been growing earnings at an average annual rate of 13.1%, while the Insurance industry saw earnings growing at 13.1% annually. Revenues have been growing at an average rate of 8.5% per year. TQM Alpha's return on equity is 26.3%, and it has net margins of 21.9%.

Key information

13.1%

Earnings growth rate

10.8%

EPS growth rate

Insurance Industry Growth	13.6%
Revenue growth rate	8.5%
Return on equity	26.3%
Net Margin	21.9%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How TQM Alpha makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:TQM Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	3,721	816	917
30 Sep 23	3,757	808	958
30 Jun 23	3,770	807	950
31 Mar 23	3,726	766	928
31 Dec 22	3,679	809	924
30 Sep 22	3,635	824	933
30 Jun 22	3,560	861	913
31 Mar 22	3,637	902	886
31 Dec 21	3,576	890	852
30 Sep 21	3,456	856	793
30 Jun 21	3,377	783	776
31 Mar 21	3,168	724	760
31 Dec 20	3,100	702	747
30 Sep 20	3,040	663	731
30 Jun 20	2,954	620	724
31 Mar 20	2,884	580	718
31 Dec 19	2,740	507	702
30 Sep 19	2,724	484	710
30 Jun 19	2,643	450	714
31 Mar 19	2,583	422	722
31 Dec 18	2,525	404	736
30 Sep 18	2,448	331	775
30 Jun 18	2,387	301	834
31 Mar 18	2,339	282	806
31 Dec 17	2,282	268	775
31 Dec 16	2,289	47	824
31 Dec 15	2,237	0	822

Quality Earnings: TQM has high quality earnings.

Growing Profit Margin: TQM's current net profit margins (21.9%) are lower than last year (22%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TQM's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: TQM's earnings growth over the past year (0.9%) is below its 5-year average (13.1% per year).

Earnings vs Industry: TQM earnings growth over the past year (0.9%) exceeded the Insurance industry -7.1%.

TQM Alpha Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: ฿1.36 (vs ฿1.35 in FY 2022)

Third quarter 2023 earnings released: EPS: ฿0.34 (vs ฿0.34 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.30 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.36 in 1Q 2022)

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Recent updates

Upcoming dividend of ฿0.50 per share

TQM Alpha Public Company Limited Proposes Dividend for the Year 2023, Payable on 10 May 2024

Full year 2023 earnings released: EPS: ฿1.36 (vs ฿1.35 in FY 2022)

New minor risk - Share price stability

Price target decreased by 9.3% to ฿39.00

Third quarter 2023 earnings released: EPS: ฿0.34 (vs ฿0.34 in 3Q 2022)

Investor sentiment deteriorates as stock falls 18%

Upcoming dividend of ฿0.50 per share at 4.3% yield

Second quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.30 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.36 in 1Q 2022)

Price target decreased by 11% to ฿45.25

Investor sentiment deteriorates as stock falls 19%

Price target decreased by 11% to ฿45.25

Price target decreased by 7.7% to ฿47.67

Upcoming dividend of ฿0.50 per share at 3.3% yield

Price target decreased to ฿52.67

Insufficient new directors

Upcoming dividend of ฿0.70 per share

TQM Alpha Public Company Limited Approves Interim Dividend for the Period from 1 January 2022 to 30 June 2022, Payable on 9 September 2022

TQM Alpha Public Company Limited (SET:TQM) entered into the sales and purchase agreement to acquire 40% stake Builk One Group Company Limited for approximately THB 247.09 million.

TQM Alpha Public Company Limited Limited Announces Executive Appointments, Effective from July 8, 2022

Price target decreased to ฿61.63

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to ฿67.13

Insufficient new directors

Upcoming dividend of ฿0.50 per share

TQM Corporation Public Company Limited, Annual General Meeting, Apr 28, 2022

Upcoming dividend of ฿0.50 per share

Price target decreased to ฿67.16

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

TQM Corporation Public Company Limited Proposes Dividend for 2021, Payable on May 12, 2022

Now 36% undervalued after recent price drop

Third quarter 2021 earnings released: EPS ฿0.81 (vs ฿0.57 in 3Q 2020)

Upcoming dividend of ฿1.45 per share

Second quarter 2021 earnings released: EPS ฿0.74 (vs ฿0.54 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.67 (vs ฿0.60 in 1Q 2020)

TQM Corporation Public Company Limited Appoints Thana Thienachariya as Additional Member of the Audit Committee

TQM Corporation Public Company Limited (SET:TQM) acquired 99.99% stake in Easy Lending Limited.

Full year 2020 earnings released: EPS ฿2.34 (vs ฿1.69 in FY 2019)

Revenue behind estimates

New 90-day high: ฿136

TQM Corporation Public Company Limited Announces Change of Position of Suvabha Charoenying from Non-Executive Director to Independent Director

Third quarter 2020 earnings released: EPS ฿0.57

Tqm Corporation Public Company Limited Appoints Thana Thienachariya to Be A New Director of the Company

New 90-day low: ฿115

Upcoming Dividend of ฿1.00 Per Share

Earnings released

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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