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AS

Asiasoft CorporationSET:AS Stock Report

Market Cap

฿7.3b

7D

-1.8%

1Y

187.7%

Updated

27 Sep, 2021

Data

Company Financials +
AS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance6/6
Financial Health6/6
Dividends2/6

AS Overview

Asiasoft Corporation Public Company Limited, together with its subsidiaries, engages in the provision and distribution of online game services in Thailand, Singapore, Malaysia, the Philippines, and internationally.

Asiasoft Corporation Competitors

Electronic Arts

NasdaqGS:EA

US$37.0b

KRAFTON

KOSE:A259960

₩23.1t

Perfect World

SZSE:002624

CN¥32.1b

Gravity

NasdaqGM:GRVY

US$647.9m

Price History & Performance

Summary of all time highs, changes and price drops for Asiasoft Corporation
Historical stock prices
Current Share Price฿16.40
52 Week High฿3.98
52 Week Low฿21.70
Beta0.79
1 Month Change-11.35%
3 Month Change31.20%
1 Year Change187.72%
3 Year Change1,301.71%
5 Year Change469.44%
Change since IPO36.67%

Recent News & Updates

Shareholder Returns

ASTH EntertainmentTH Market
7D-1.8%0.6%0.3%
1Y187.7%41.3%32.7%

Return vs Industry: AS exceeded the TH Entertainment industry which returned 41.3% over the past year.

Return vs Market: AS exceeded the TH Market which returned 32.7% over the past year.

Price Volatility

Is AS's price volatile compared to industry and market?
AS volatility
AS Beta0.79
Industry Beta1.13
Market Beta1

Stable Share Price: AS is more volatile than 90% of TH stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: AS's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

FoundedEmployeesCEOWebsite
2001n/aPramoth Sudjitpornhttps://www.asiasoft.co.th

Asiasoft Corporation Public Company Limited, together with its subsidiaries, engages in the provision and distribution of online game services in Thailand, Singapore, Malaysia, the Philippines, and internationally. It operates through two segments: Online Game and Distribution. The Online Game segment offers online game services through the Internet, which include massive multiplayer online role-playing games, casual games, first person shooting games, and mobile games.

Asiasoft Corporation Fundamentals Summary

How do Asiasoft Corporation's earnings and revenue compare to its market cap?
AS fundamental statistics
Market Cap฿7.31b
Earnings (TTM)฿383.64m
Revenue (TTM)฿1.55b

18.2x

P/E Ratio

4.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AS income statement (TTM)
Revenue฿1.55b
Cost of Revenue฿703.29m
Gross Profit฿849.83m
Expenses฿466.19m
Earnings฿383.64m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.90
Gross Margin54.72%
Net Profit Margin24.70%
Debt/Equity Ratio0.08%

How did AS perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

76%

Payout Ratio

Valuation

Is Asiasoft Corporation undervalued compared to its fair value and its price relative to the market?

43.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AS (THB16.4) is trading below our estimate of fair value (THB29.04)

Significantly Below Fair Value: AS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AS is good value based on its PE Ratio (18.2x) compared to the TH Entertainment industry average (40.6x).

PE vs Market: AS is good value based on its PE Ratio (18.2x) compared to the TH market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: AS is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: AS is overvalued based on its PB Ratio (12.2x) compared to the TH Entertainment industry average (3.2x).


Future Growth

How is Asiasoft Corporation forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

18.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AS's forecast earnings growth (18.6% per year) is above the savings rate (2.1%).

Earnings vs Market: AS's earnings (18.6% per year) are forecast to grow slower than the TH market (21.7% per year).

High Growth Earnings: AS's earnings are forecast to grow, but not significantly.

Revenue vs Market: AS's revenue (15.9% per year) is forecast to grow faster than the TH market (12.2% per year).

High Growth Revenue: AS's revenue (15.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AS's Return on Equity is forecast to be very high in 3 years time (46.2%).


Past Performance

How has Asiasoft Corporation performed over the past 5 years?

86.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AS has high quality earnings.

Growing Profit Margin: AS's current net profit margins (24.7%) are higher than last year (17.7%).


Past Earnings Growth Analysis

Earnings Trend: AS has become profitable over the past 5 years, growing earnings by 86.3% per year.

Accelerating Growth: AS's earnings growth over the past year (102.4%) exceeds its 5-year average (86.3% per year).

Earnings vs Industry: AS earnings growth over the past year (102.4%) exceeded the Entertainment industry 65.7%.


Return on Equity

High ROE: AS's Return on Equity (67.1%) is considered outstanding.


Financial Health

How is Asiasoft Corporation's financial position?


Financial Position Analysis

Short Term Liabilities: AS's short term assets (THB898.5M) exceed its short term liabilities (THB377.0M).

Long Term Liabilities: AS's short term assets (THB898.5M) exceed its long term liabilities (THB35.5M).


Debt to Equity History and Analysis

Debt Level: AS's debt to equity ratio (0.08%) is considered satisfactory.

Reducing Debt: AS's debt to equity ratio has reduced from 53.3% to 0.08% over the past 5 years.

Debt Coverage: AS's debt is well covered by operating cash flow (109511.8%).

Interest Coverage: AS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Asiasoft Corporation current dividend yield, its reliability and sustainability?

2.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AS's dividend (2.44%) is higher than the bottom 25% of dividend payers in the TH market (1.6%).

High Dividend: AS's dividend (2.44%) is low compared to the top 25% of dividend payers in the TH market (4.83%).


Stability and Growth of Payments

Stable Dividend: AS's dividend payments have been volatile in the past 10 years.

Growing Dividend: AS's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.8%), AS's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Pramoth Sudjitporn (46 yo)

no data

Tenure

฿264,000

Compensation

Mr. Pramoth Sudjitporn serves as Chief Executive Officer at Asiasoft Corporation Public Company Limited and has been its Acting Chairman since November 13, 2020 and was its Vice Chairman until November 13,...


Leadership Team

Experienced Management: AS's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: AS's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Asiasoft Corporation Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Asiasoft Corporation Public Company Limited
  • Ticker: AS
  • Exchange: SET
  • Founded: 2001
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: ฿7.306b
  • Shares outstanding: 424.79m
  • Website: https://www.asiasoft.co.th

Location

  • Asiasoft Corporation Public Company Limited
  • 9, U.M. Tower
  • Room 9/283-5, 28th Floor
  • Bangkok
  • 10250
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 11:31
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.