Tipco Asphalt Management

Management criteria checks 4/4

Tipco Asphalt's CEO is Chaiwat Srivalwat, appointed in Aug 2019, has a tenure of 5.33 years. directly owns 0.19% of the company’s shares, worth THB54.30M. The average tenure of the management team and the board of directors is 6.6 years and 13 years respectively.

Key information

Chaiwat Srivalwat

Chief executive officer

฿1.3m

Total compensation

CEO salary percentage	n/a
CEO tenure	5.3yrs
CEO ownership	0.2%
Management average tenure	6.6yrs
Board average tenure	13yrs

Recent management updates

Recent updates

CEO

Chaiwat Srivalwat (64 yo)

5.3yrs

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	5.3yrs	฿1.28m	0.19% THB 54.3m
Jacques Pastor	Executive Director	no data	฿1.20m	0.076% THB 21.7m
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	9.9yrs	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	13.9yrs	no data	no data
Thierry Alain Defrene	Senior Executive Vice President of Logistics Management Division	7.9yrs	no data	0.0095% THB 2.7m
Soranard Nantamontry	Deputy Chief Executive Officer of Thailand Business	no data	no data	no data
Tawatchai Jaranakaran	Legal Consultant	no data	no data	no data

6.6yrs

Average Tenure

57yo

Average Age

Experienced Management: TASCO's management team is seasoned and experienced (6.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chaiwat Srivalwat	CEO & Executive Director	22.8yrs	฿1.28m	0.19% THB 54.3m
Jacques Pastor	Executive Director	24.3yrs	฿1.20m	0.076% THB 21.7m
Somchit Sertthin	Director	30.7yrs	฿1.26m	2.77% THB 791.9m
Ban Heng Koh	Independent Vice Chairman of the Board	13.4yrs	฿1.26m	no data
Phirasilp Subhapholsiri	Independent Director	11.6yrs	฿1.80m	no data
Nopporn Thepsithar	Independent Director	12.7yrs	฿1.66m	no data
Niphon Suthimai	Independent Director	18.8yrs	฿1.68m	no data
Pierre Vanstoflegatte	Non-Executive Director	1.1yrs	฿161.10k	no data
Chainoi Puankosoom	Independent Chairman	9.3yrs	฿1.80m	no data
Jean-Marie Verbrugghe	Independent Director	4.7yrs	฿1.20m	no data
Ganapa Reddy	Director	no data	no data	no data

13.0yrs

Average Tenure

70.5yo

Average Age

Experienced Board: TASCO's board of directors are seasoned and experienced ( 13 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 08:59
End of Day Share Price	2024/12/30 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

Tipco Asphalt Public Company Limited is covered by 15 analysts. 5 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
Prasit Rattanakijkamol	Asia Plus Securities Company Limited
Suwat Sinsadok	BNP Paribas Securities (Asia)
Suwat Sinsadok	CGS International

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

Now 21% undervalued

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

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