How does GEL-F's PS Ratio compare to its peers?

GEL-F is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.6x).

How does GEL-F's PS Ratio compare vs other companies in the Asian Basic Materials Industry?

GEL-F is good value based on its Price-To-Sales Ratio (0.5x) compared to the Asian Basic Materials industry average (1.2x).

What is GEL-F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate GEL-F's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of GEL-F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

GEL-F (THB0.18) is trading below our estimate of [[fair value]] (THB0.45)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

GEL-F Stock Overview

Manufactures and distributes construction materials in Thailand and internationally. More details

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

Rewards

Trading at 60.1% below our estimate of its fair value

Earnings have grown 11.4% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Does not have a meaningful market cap (THB2B)

My Notes

Capture your thoughts, links and company narrative

General Engineering Public Company Limited Competitors

Dcon Products

SET:DCON

฿1.6b

Southern Concrete Pile

SET:SCP

฿1.9b

Quality Construction Products

SET:Q-CON

฿3.6b

Smart Concrete

SET:SMART

฿770.8m

Price History & Performance

Summary of share price highs, lows and changes for General Engineering
Historical stock prices
Current Share Price	฿0.18
52 Week High	฿0.18
52 Week Low	฿0.18
Beta	1.07
1 Month Change	0%
3 Month Change	0%
1 Year Change	-40.00%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-21.74%

Recent updates

Shareholder Returns

	GEL-F	TH Basic Materials	TH Market
7D	0%	-1.5%	-1.2%
1Y	-40.0%	-34.7%	-3.6%

Return vs Industry: GEL-F underperformed the TH Basic Materials industry which returned -19.4% over the past year.

Return vs Market: GEL-F underperformed the TH Market which returned -16.2% over the past year.

Price Volatility

Is GEL-F's price volatile compared to industry and market?
GEL-F volatility
GEL-F Average Weekly Movement	n/a
Basic Materials Industry Average Movement	3.8%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.7%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: GEL-F has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1962	n/a	Thitipong Tangpoonphonvivat	www.gel.co.th

General Engineering Public Company Limited manufactures and distributes construction materials in Thailand and internationally. The Company operates through three segments: Manufacturing and Distribution of Concrete Products; Construction Services; and Manufacturing and Distribution of PC Wire and PC Strand. It offers prestressed concrete pile products, such as square, I shape, and square hollow core piles; bored piles; soil cement columns; spun concrete piles; precast concrete; segments and girders; post-tensioned slabs; biaxial slabs; and glassfiber reinforced concrete for roofing, cladding, interior decoration, landscape, and other projects.

General Engineering Public Company Limited Fundamentals Summary

How do General Engineering's earnings and revenue compare to its market cap?
GEL-F fundamental statistics
Market cap	฿1.81b
Earnings (TTM)	-฿108.84m
Revenue (TTM)	฿3.79b

0.5x

P/S Ratio

-16.6x

P/E Ratio

Is GEL-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GEL-F income statement (TTM)
Revenue	฿3.79b
Cost of Revenue	฿3.34b
Gross Profit	฿447.71m
Other Expenses	฿556.55m
Earnings	-฿108.84m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.013
Gross Margin	11.81%
Net Profit Margin	-2.87%
Debt/Equity Ratio	92.7%

How did GEL-F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/02/19 23:28
End of Day Share Price	2023/11/22 00:00
Earnings	2023/09/30
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

General Engineering Public Company Limited is covered by 0 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

General Engineering THAMSE:GEL-F Stock Report