Tipco Asphalt Future Growth

Future criteria checks 3/6

Tipco Asphalt is forecast to grow earnings and revenue by 26% and 5.3% per annum respectively. EPS is expected to grow by 26.1% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

26.0%

Earnings growth rate

26.1%

EPS growth rate

Basic Materials earnings growth	23.3%
Revenue growth rate	5.3%
Future return on equity	12.9%
Analyst coverage	Low
Last updated	17 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

THAMSE:TASCO-F - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	30,588	2,285	2,662	3,226	5
12/31/2025	29,651	2,113	2,523	2,828	5
12/31/2024	27,704	1,704	2,610	3,285	5
9/30/2024	27,242	1,073	2,817	3,422	N/A
6/30/2024	25,276	540	785	1,418	N/A
3/31/2024	27,862	1,185	1,857	2,427	N/A
12/31/2023	31,266	2,306	3,751	4,168	N/A
9/30/2023	34,601	3,128	3,876	4,232	N/A
6/30/2023	35,829	3,436	4,234	4,587	N/A
3/31/2023	35,651	3,279	1,878	2,290	N/A
12/31/2022	33,615	2,367	2,481	2,900	N/A
9/30/2022	30,030	1,864	1,285	1,787	N/A
6/30/2022	28,594	1,733	1,126	1,619	N/A
3/31/2022	28,442	2,014	1,349	1,840	N/A
12/31/2021	27,186	2,220	233	744	N/A
9/30/2021	26,515	2,462	1,898	2,441	N/A
6/30/2021	28,220	3,946	5,322	5,908	N/A
3/31/2021	27,035	4,798	6,478	7,150	N/A
12/31/2020	26,279	3,592	4,846	5,553	N/A
9/30/2020	29,894	3,438	3,020	4,302	N/A
6/30/2020	30,801	2,288	1,289	2,668	N/A
3/31/2020	35,030	1,622	2,384	3,711	N/A
12/31/2019	37,013	3,123	5,130	6,476	N/A
9/30/2019	36,992	2,616	3,662	4,452	N/A
6/30/2019	34,521	1,910	-67	612	N/A
3/31/2019	29,480	978	-1,588	-931	N/A
12/31/2018	27,632	564	-3,211	-2,621	N/A
9/30/2018	24,596	986	-1,940	-909	N/A
6/30/2018	22,728	1,381	N/A	883	N/A
3/31/2018	25,173	1,604	N/A	2,862	N/A
12/31/2017	28,260	2,537	N/A	2,355	N/A
9/30/2017	28,880	2,915	N/A	2,774	N/A
6/30/2017	28,587	2,830	N/A	2,121	N/A
3/31/2017	25,951	3,175	N/A	2,107	N/A
12/31/2016	24,229	3,110	N/A	4,835	N/A
9/30/2016	26,190	3,360	N/A	5,855	N/A
6/30/2016	30,633	4,498	N/A	6,951	N/A
3/31/2016	35,568	5,126	N/A	7,182	N/A
12/31/2015	37,223	5,079	N/A	8,359	N/A
9/30/2015	39,082	4,417	N/A	8,989	N/A
6/30/2015	41,153	3,388	N/A	9,779	N/A
3/31/2015	41,961	2,073	N/A	7,473	N/A
12/31/2014	45,727	1,200	N/A	6,764	N/A
9/30/2014	43,662	630	N/A	50	N/A
6/30/2014	41,048	493	N/A	-1,548	N/A
3/31/2014	37,921	676	N/A	594	N/A
12/31/2013	33,935	831	N/A	-78	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TASCO-F's forecast earnings growth (26% per year) is above the savings rate (2%).

Earnings vs Market: TASCO-F's earnings (26% per year) are forecast to grow faster than the TH market (17.9% per year).

High Growth Earnings: TASCO-F's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TASCO-F's revenue (5.3% per year) is forecast to grow slower than the TH market (6.9% per year).

High Growth Revenue: TASCO-F's revenue (5.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TASCO-F's Return on Equity is forecast to be low in 3 years time (12.9%).