Tipco Asphalt (SET:TASCO) - Stock Price, News & Analysis

TASCO Stock Overview

Engages in the manufacture and distribution of asphalt and petroleum products in Thailand and internationally. More details

TASCO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	1/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 18.5% below our estimate of its fair value

Earnings are forecast to grow 26.05% per year

Risk Analysis

Profit margins (3.9%) are lower than last year (9%)

Dividend of 6.68% is not well covered by earnings

Tipco Asphalt Public Company Limited Competitors

TPI Polene

SET:TPIPL

฿21.0b

Siam City Cement

SET:SCCC

฿49.0b

Diamond Building Products

SET:DRT

฿6.6b

Siam Cement

SET:SCC

฿234.6b

Price History & Performance

Summary of all time highs, changes and price drops for Tipco Asphalt
Historical stock prices
Current Share Price	฿18.70
52 Week High	฿18.90
52 Week Low	฿15.40
Beta	0.45
11 Month Change	2.19%
3 Month Change	10.65%
1 Year Change	6.25%
33 Year Change	2.19%
5 Year Change	-17.26%
Change since IPO	7.47%

Recent updates

Shareholder Returns

	TASCO	TH Basic Materials	TH Market
7D	5.1%	-0.9%	0.8%
1Y	6.3%	-26.2%	3.1%

Return vs Industry: TASCO exceeded the TH Basic Materials industry which returned -26.2% over the past year.

Return vs Market: TASCO exceeded the TH Market which returned 3.1% over the past year.

Price Volatility

Is TASCO's price volatile compared to industry and market?
TASCO volatility
TASCO Average Weekly Movement	3.3%
Basic Materials Industry Average Movement	4.6%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

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

Volatility Over Time: TASCO's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1979	n/a	Chaiwat Srivalwat	www.tipcoasphalt.com

Tipco Asphalt Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of asphalt and petroleum products in Thailand and internationally. It operates through Manufacturing and Trading; and Construction Business segments. The company offers asphalt concrete products.

Tipco Asphalt Public Company Limited Fundamentals Summary

How do Tipco Asphalt's earnings and revenue compare to its market cap?
TASCO fundamental statistics
Market cap	฿29.52b
Earnings (TTM)	฿1.07b
Revenue (TTM)	฿27.24b

27.5x

P/E Ratio

1.1x

P/S Ratio

Is TASCO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TASCO income statement (TTM)
Revenue	฿27.24b
Cost of Revenue	฿24.28b
Gross Profit	฿2.96b
Other Expenses	฿1.89b
Earnings	฿1.07b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.68
Gross Margin	10.88%
Net Profit Margin	3.94%
Debt/Equity Ratio	19.0%

How did TASCO perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

147%

Payout Ratio

TASCO Stock Overview

Rewards

Risk Analysis

Tipco Asphalt Public Company Limited Competitors

SET:TPIPL

฿21.0b

SET:SCCC

฿49.0b

SET:DRT

฿6.6b

SET:SCC

฿234.6b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 14%

Consensus EPS estimates fall by 31%

Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint

First quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.71 in 1Q 2023)

Recent updates

Third quarter 2024 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 14%

Consensus EPS estimates fall by 31%

Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint

First quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.71 in 1Q 2023)

Tipco Asphalt Public Company Limited Announces CFO Changes

Upcoming dividend of ฿1.00 per share

Full year 2023 earnings: EPS misses analyst expectations

Now 20% undervalued after recent price drop

Price target decreased by 12% to ฿19.35

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 8.3% to ฿22.93

Price target decreased by 8.5% to ฿21.18

Now 21% undervalued after recent price drop

Upcoming dividend of ฿0.25 per share at 7.4% yield

Tipco Asphalt Public Company Limited Announces Cash Dividend for the Operating Period from 1 January 2023 to 30 June 2023, Payable on 7 September 2023

Second quarter 2023 earnings released: EPS: ฿0.47 (vs ฿0.37 in 2Q 2022)

Price target increased by 10% to ฿23.15

First quarter 2023 earnings released: EPS: ฿0.71 (vs ฿0.14 in 1Q 2022)

Consensus revenue estimates increase by 13%

Upcoming dividend of ฿1.00 per share at 5.4% yield

Full year 2022 earnings released: EPS: ฿1.50 (vs ฿1.41 in FY 2021)

Consensus EPS estimates increase by 14%

Upcoming dividend of ฿0.25 per share

Tipco Asphalt Public Company Limited Announces Cash Dividend for the Period from January 1, 2022 to September 30, 2022, Payable on December 8, 2022

Now 20% undervalued

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Tipco Asphalt Public Company Limited Announces Board Changes

Consensus forecasts updated

Price target decreased to ฿15.78

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Tipco Asphalt Public Company Limited to Report Q1, 2022 Results on May 12, 2022

Tipco Asphalt Public Company Limited Approves Final Dividend for 2021, Payable on April 28, 2022

Price target decreased to ฿19.50

Upcoming dividend of ฿0.80 per share

Hugues Emmanuel Marie De Champs De Saint-Leger and Sitilarb Supsakorn to Retire from Tipco Asphalt Public Company Limited as Members of Board of Directors

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

Tipco Asphalt Public Company Ordinary Shares to Be Deleted from Other OTC

Third quarter 2021 earnings released: EPS ฿0.24 (vs ฿1.18 in 3Q 2020)

Upcoming dividend of ฿0.25 per share

Second quarter 2021 earnings released: EPS ฿0.55 (vs ฿1.09 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.27 (vs ฿0.50 loss in 1Q 2020)

Chief Financial Officer has left the company

Analysts update estimates

Tipco Asphalt Public Company Limited Announces Termination of Koh Lai Huat as Chief Financial Officer, Effective 28 February 2021

Tipco Asphalt Public Company Limited to Report Fiscal Year 2020 Results on Feb 16, 2021

Price target lowered to ฿20.73

Upcoming Dividend of ฿0.30 Per Share

Tipco Asphalt Public Company Limited (SET:TASCO) agreed to acquire additional 37.5% stake in Thai Slurry Seal Co. Ltd. for THB 380 million.

Tipco Asphalt Public Company Limited Announces Board Changes

New 90-day high: ฿21.10

Analysts update estimates

Price target raised to ฿21.89

Third quarter 2020 earnings released: EPS ฿1.18

Revenue and earnings miss expectations

New 90-day low: ฿14.80

New 90-day low: ฿15.20

Price target lowered to ฿28.81