Tipco Asphalt Management

Management criteria checks 4/4

Tipco Asphalt's CEO is Chaiwat Srivalwat, appointed in Aug 2019, has a tenure of 4.92 years. directly owns 0.19% of the company’s shares, worth THB47.70M. The average tenure of the management team and the board of directors is 4.9 years and 12.6 years respectively.

Key information

Chaiwat Srivalwat

Chief executive officer

฿1.3m

Total compensation

CEO salary percentage	n/a
CEO tenure	4.9yrs
CEO ownership	0.2%
Management average tenure	4.9yrs
Board average tenure	12.6yrs

Recent management updates

Recent updates

CEO

Chaiwat Srivalwat (64 yo)

4.9yrs

Tenure

฿1,280,000

Compensation

Mr. Chaiwat Srivalwat has been the Chief Executive Officer of Tipco Asphalt Public Company Limited since August 19, 2019. Mr. Srivalwat serves as Managing Director of Tasco - Thailand/China/Malaysia/Cambod...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chaiwat Srivalwat	CEO & Executive Director	4.9yrs	฿1.28m	0.19% THB 48.0m
Jacques Pastor	Executive Director	no data	฿1.20m	0.076% THB 19.2m
Soranard Nantamontry	Deputy Chief Executive Officer of Thailand Business	less than a year	no data	no data
Orn-A-Nong Witchucharn	Chief Financial Officer	less than a year	no data	no data
Christophe Voy	Deputy MD of Line of Trades & Foreign Operations and COO of International Business	less than a year	no data	no data
Thanapol Laosiripong	Company Secretary and Manager of Corporate Affairs & Planning	9.5yrs	no data	no data
Jacques Louis Yves Marechal	Deputy Chief Financial Officer of International Finance	no data	฿293.59k	no data
Udomporn Punpatch	Chief People Officer	13.5yrs	no data	no data
Thierry Alain Defrene	Senior Executive Vice President of Logistics Management Division	7.5yrs	no data	0.016% THB 4.0m
Tawatchai Jaranakaran	Legal Consultant	no data	no data	no data

4.9yrs

Average Tenure

57yo

Average Age

Experienced Management: TASCO's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chaiwat Srivalwat	CEO & Executive Director	22.4yrs	฿1.28m	0.19% THB 48.0m
Jacques Pastor	Executive Director	23.9yrs	฿1.20m	0.076% THB 19.2m
Somchit Sertthin	Director	30.3yrs	฿1.26m	2.01% THB 508.0m
Ban Heng Koh	Independent Vice Chairman of the Board	13yrs	฿1.26m	no data
Phirasilp Subhapholsiri	Independent Director	11.2yrs	฿1.80m	no data
Nopporn Thepsithar	Independent Director	12.3yrs	฿1.66m	no data
Niphon Suthimai	Independent Director	18.4yrs	฿1.68m	no data
Pierre Vanstoflegatte	Non-Executive Director	less than a year	฿161.10k	no data
Chainoi Puankosoom	Independent Chairman	8.9yrs	฿1.80m	0.00032% THB 80.8k
Jean-Marie Verbrugghe	Independent Director	4.3yrs	฿1.20m	no data
Ganapa Reddy	Director	no data	no data	no data

12.6yrs

Average Tenure

70.5yo

Average Age

Experienced Board: TASCO's board of directors are seasoned and experienced ( 12.6 years average tenure).

Tipco Asphalt Management

Management criteria checks 4/4

Key information

Recent management updates

Tipco Asphalt Public Company Limited Announces CFO Changes

Tipco Asphalt Public Company Limited Announces Board Changes

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

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

Tipco Asphalt Public Company Limited Announces Board Changes

Recent updates

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

New 90-day low - ฿20.40

Price target raised to ฿31.40

Tipco Asphalt Public Company Limited to Report Q2, 2020 Results on Aug 10, 2020

Earnings released

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age