How does SECURE-F's PE Ratio compare to its peers?

SECURE-F is expensive based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (10.9x).

How does SECURE-F's PE Ratio compare vs other companies in the Asian Electronic Industry?

SECURE-F is good value based on its Price-To-Earnings Ratio (12.6x) compared to the Asian Electronic industry average (25.3x).

What is SECURE-F'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.

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

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

SECURE-F (THB16) is trading below our estimate of [[fair value]] (THB16.36)

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.

SECURE-F Stock Overview

Distributes IT security, information management, and network solutions. More details

SECURE-F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 2.2% below our estimate of its fair value

Earnings are forecast to grow 20.72% per year

Earnings have grown 22% per year over the past 5 years

Risk Analysis

Does not have a meaningful market cap (THB1B)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

nForce Secure Public Company Limited Competitors

Simat Technologies

SET:SIMAT

฿933.9m

Metro Systems Corporation

SET:MSC

฿2.8b

Interlink Communication

SET:ILINK

฿3.0b

Applicad

SET:APP

฿473.2m

Price History & Performance

Summary of share price highs, lows and changes for nForce Secure
Historical stock prices
Current Share Price	฿16.00
52 Week High	฿0
52 Week Low	฿0
Beta	0.39
1 Month Change	0%
3 Month Change	0%
1 Year Change	0%
3 Year Change	0%
5 Year Change	n/a
Change since IPO	-53.62%

Recent updates

Shareholder Returns

	SECURE-F	TH Electronic	TH Market
7D	0%	0.6%	-3.1%
1Y	0%	53.3%	-0.7%

Return vs Industry: SECURE-F underperformed the TH Electronic industry which returned 53.3% over the past year.

Return vs Market: SECURE-F matched the TH Market which returned -0.7% over the past year.

Price Volatility

Is SECURE-F's price volatile compared to industry and market?
SECURE-F volatility
SECURE-F Average Weekly Movement	0%
Electronic Industry Average Movement	6.5%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	9.1%
10% least volatile stocks in TH Market	2.2%

Stable Share Price: Data is not available.

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

About the Company

Founded	Employees	CEO	Website
2005	n/a	Nakrop Niamnammatham	www.nforcesecure.com

nForce Secure Public Company Limited distributes IT security, information management, and network solutions. The company also involved in the sale of computer hardware and software, and related equipment; network communication equipment; and develops enterprise software, as well as provides project management, business consulting, risk assessment, and planning and training services. It delivers software and products for network security system, endpoint security system, and network performance and monitoring, as well as installation, training, and maintenance services.

nForce Secure Public Company Limited Fundamentals Summary

How do nForce Secure's earnings and revenue compare to its market cap?
SECURE-F fundamental statistics
Market cap	฿1.22b
Earnings (TTM)	฿98.22m
Revenue (TTM)	฿1.15b

12.6x

P/E Ratio

1.1x

P/S Ratio

Is SECURE-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SECURE-F income statement (TTM)
Revenue	฿1.15b
Cost of Revenue	฿925.14m
Gross Profit	฿225.50m
Other Expenses	฿127.29m
Earnings	฿98.22m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.96
Gross Margin	19.60%
Net Profit Margin	8.54%
Debt/Equity Ratio	0%

How did SECURE-F perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

68%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 15:08
End of Day Share Price	2024/12/19 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

nForce Secure Public Company Limited is covered by 1 analysts. 1 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
Supachai Wattanavitheskul	Yuanta Securities (Thailand) Company Limited