THREL-F Stock Overview

Provides life reinsurance services to various life insurance companies in Thailand. More details

THREL-F fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

Rewards

Earnings grew by 55.4% over the past year

Risk Analysis

Shares are highly illiquid

Earnings have declined by 26% per year over past 5 years

Dividend of 3.3% is not well covered by cash flows

Does not have a meaningful market cap (THB3B)

My Notes

Capture your thoughts, links and company narrative

Thaire Life Assurance Public Company Limited Competitors

Thai Reinsurance

SET:THRE

฿2.3b

Thaivivat Holdings

SET:TVH

฿2.5b

TQR

SET:TQR

฿1.3b

Muang Thai Insurance

SET:MTI

฿6.3b

Price History & Performance

Summary of share price highs, lows and changes for Thaire Life Assurance
Historical stock prices
Current Share Price	฿4.24
52 Week High	฿4.24
52 Week Low	฿4.24
Beta	0.87
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-67.38%
Change since IPO	-61.80%

Recent updates

Shareholder Returns

	THREL-F	TH Insurance	TH Market
7D	0%	-3.0%	-4.7%
1Y	n/a	-4.3%	-3.4%

Return vs Industry: Insufficient data to determine how THREL-F performed against the TH Insurance industry.

Return vs Market: Insufficient data to determine how THREL-F performed against the TH Market.

Price Volatility

Is THREL-F's price volatile compared to industry and market?
THREL-F volatility
THREL-F Average Weekly Movement	n/a
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: THREL-F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine THREL-F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2000	n/a	Sutti Rajitrangson	www.thairelife.co.th

Thaire Life Assurance Public Company Limited provides life reinsurance services to various life insurance companies in Thailand. It operates in two segments, Conventional Products and Non-Conventional Products. The company offers research and analytics, marketing planning, product design and development, new distribution channel development, medical underwriting consulting, and claims management services.

Thaire Life Assurance Public Company Limited Fundamentals Summary

How do Thaire Life Assurance's earnings and revenue compare to its market cap?
THREL-F fundamental statistics
Market cap	฿2.54b
Earnings (TTM)	฿153.10m
Revenue (TTM)	฿2.99b

16.6x

P/E Ratio

0.9x

P/S Ratio

Is THREL-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THREL-F income statement (TTM)
Revenue	฿2.99b
Cost of Revenue	฿2.65b
Gross Profit	฿335.95m
Other Expenses	฿182.85m
Earnings	฿153.10m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.26
Gross Margin	11.25%
Net Profit Margin	5.13%
Debt/Equity Ratio	0%

How did THREL-F perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

59%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/03/28 01:06
End of Day Share Price	2022/12/29 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

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

Thaire Life Assurance Public Company Limited is covered by 4 analysts. 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
Suwat Bumrungchatudom	Bualuang Securities PCL
Sunanta Vasapinyokul	Finansia Syrus Securities Public Company Limited
Ittikorn Thepmani	Krungsri Securities Public Company Limited