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SPC

Saha Pathanapibul SET:SPC Stock Report

Last Price

฿65.50

Market Cap

฿21.4b

7D

-3.0%

1Y

13.4%

Updated

14 Aug, 2022

Data

Company Financials
SPC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends4/6

SPC Stock Overview

Saha Pathanapibul Public Company Limited, together with its subsidiaries, distributes consumer goods in Thailand and internationally.

Saha Pathanapibul Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Saha Pathanapibul
Historical stock prices
Current Share Price฿65.50
52 Week High฿71.00
52 Week Low฿56.75
Beta0.32
1 Month Change-4.03%
3 Month Change1.55%
1 Year Change13.42%
3 Year Change20.74%
5 Year Change45.56%
Change since IPO494.95%

Recent News & Updates

Shareholder Returns

SPCTH Retail DistributorsTH Market
7D-3.0%-1.2%1.3%
1Y13.4%7.9%8.0%

Return vs Industry: SPC exceeded the TH Retail Distributors industry which returned 7.9% over the past year.

Return vs Market: SPC exceeded the TH Market which returned 8% over the past year.

Price Volatility

Is SPC's price volatile compared to industry and market?
SPC volatility
SPC Average Weekly Movement2.3%
Retail Distributors Industry Average Movement7.9%
Market Average Movement4.6%
10% most volatile stocks in TH Market10.2%
10% least volatile stocks in TH Market2.3%

Stable Share Price: SPC is less volatile than 75% of TH stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SPC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1942n/aVathit Chokwatanahttps://www.sahapat.co.th

Saha Pathanapibul Public Company Limited, together with its subsidiaries, distributes consumer goods in Thailand and internationally. The company distributes food and beverage, household, personal care, and other products. It also invests in real estate; rents office buildings; and provides instant noodles, mineral water, and dairy products, as well as plastic packaging products.

Saha Pathanapibul Fundamentals Summary

How do Saha Pathanapibul's earnings and revenue compare to its market cap?
SPC fundamental statistics
Market Cap฿21.39b
Earnings (TTM)฿1.76b
Revenue (TTM)฿33.70b

12.1x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPC income statement (TTM)
Revenue฿33.70b
Cost of Revenue฿28.48b
Gross Profit฿5.22b
Other Expenses฿3.46b
Earnings฿1.76b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.40
Gross Margin15.49%
Net Profit Margin5.23%
Debt/Equity Ratio0.1%

How did SPC perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SPC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPC?

Other financial metrics that can be useful for relative valuation.

SPC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA4.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SPC's PE Ratio compare to its peers?

SPC PE Ratio vs Peers
The above table shows the PE ratio for SPC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.4x
ICC I.C.C. International
40.1xn/a฿8.9b
MOONG Moong Pattana International
16.1xn/a฿985.3m
PHOL Phol Dhanya
10.9xn/a฿700.7m
PTG Energy
34.4x21.8%฿25.4b
SPC Saha Pathanapibul
12.1xn/a฿21.4b

Price-To-Earnings vs Peers: SPC is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (25.4x).


Price to Earnings Ratio vs Industry

How does SPC's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

Price-To-Earnings vs Industry: SPC is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Asian Retail Distributors industry average (15.8x)


Price to Earnings Ratio vs Fair Ratio

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

SPC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SPC (THB65.5) is trading above our estimate of fair value (THB49.84)

Significantly Below Fair Value: SPC is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Saha Pathanapibul forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-2.3%

Forecasted Retail industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Saha Pathanapibul has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Saha Pathanapibul performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SPC has high quality earnings.

Growing Profit Margin: SPC's current net profit margins (5.2%) are higher than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: SPC's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: SPC's earnings growth over the past year (4.3%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: SPC earnings growth over the past year (4.3%) underperformed the Retail Distributors industry 10.5%.


Return on Equity

High ROE: SPC's Return on Equity (7.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Saha Pathanapibul's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SPC's short term assets (THB11.9B) exceed its short term liabilities (THB7.8B).

Long Term Liabilities: SPC's short term assets (THB11.9B) exceed its long term liabilities (THB2.1B).


Debt to Equity History and Analysis

Debt Level: SPC has more cash than its total debt.

Reducing Debt: SPC's debt to equity ratio has increased from 0.07% to 0.1% over the past 5 years.

Debt Coverage: SPC's debt is well covered by operating cash flow (6449.1%).

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


Balance Sheet


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Dividend

What is Saha Pathanapibul current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.05%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SPC's dividend (3.05%) is higher than the bottom 25% of dividend payers in the TH market (1.68%).

High Dividend: SPC's dividend (3.05%) is low compared to the top 25% of dividend payers in the TH market (5.46%).


Stability and Growth of Payments

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

Growing Dividend: SPC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.8%), SPC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (45.7%), SPC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

14.2yrs

Average management tenure


CEO

Vathit Chokwatana (57 yo)

14.17yrs

Tenure

฿840,000

Compensation

Mr. Vathit Chokwatana serves as President and Executive Director of Saha Pathanapibul Public Company Limited since June 19, 2008 and is its Member of Executive Board. Mr. Chokwatana served as an Executive...


Leadership Team

Experienced Management: SPC's management team is seasoned and experienced (14.2 years average tenure).


Board Members

Experienced Board: SPC's board of directors are seasoned and experienced ( 26.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Saha Pathanapibul Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Saha Pathanapibul Public Company Limited
  • Ticker: SPC
  • Exchange: SET
  • Founded: 1942
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: ฿21.385b
  • Shares outstanding: 326.49m
  • Website: https://www.sahapat.co.th

Location

  • Saha Pathanapibul Public Company Limited
  • 2156 New Petchburi Road
  • Bangkapi
  • Bangkok
  • 10310
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.