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BCPG

BCPG SET:BCPG Stock Report

Last Price

฿11.00

Market Cap

฿31.9b

7D

4.8%

1Y

-22.0%

Updated

18 Aug, 2022

Data

Company Financials +
BCPG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

BCPG Stock Overview

BCPG Public Company Limited, together with its subsidiaries, produces and distributes electric power from renewable resources in Thailand.

BCPG Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BCPG
Historical stock prices
Current Share Price฿11.00
52 Week High฿15.10
52 Week Low฿10.10
Beta1
1 Month Change6.80%
3 Month Change-9.84%
1 Year Change-21.99%
3 Year Change-40.22%
5 Year Change-29.03%
Change since IPO2.80%

Recent News & Updates

Shareholder Returns

BCPGTH Renewable EnergyTH Market
7D4.8%-0.3%1.4%
1Y-22.0%9.0%7.4%

Return vs Industry: BCPG underperformed the TH Renewable Energy industry which returned 9% over the past year.

Return vs Market: BCPG underperformed the TH Market which returned 7.4% over the past year.

Price Volatility

Is BCPG's price volatile compared to industry and market?
BCPG volatility
BCPG Average Weekly Movement3.3%
Renewable Energy Industry Average Movement3.3%
Market Average Movement4.6%
10% most volatile stocks in TH Market10.1%
10% least volatile stocks in TH Market2.4%

Stable Share Price: BCPG is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BCPG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aNiwat Adirekhttps://www.bcpggroup.com

BCPG Public Company Limited, together with its subsidiaries, produces and distributes electric power from renewable resources in Thailand. The company generates electricity from solar, wind, geothermal, hydro, and biomass power. It serves to electric power companies, private companies, and government sector.

BCPG Fundamentals Summary

How do BCPG's earnings and revenue compare to its market cap?
BCPG fundamental statistics
Market Cap฿31.86b
Earnings (TTM)฿2.62b
Revenue (TTM)฿5.14b

12.2x

P/E Ratio

6.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCPG income statement (TTM)
Revenue฿5.14b
Cost of Revenue฿1.74b
Gross Profit฿3.40b
Other Expenses฿785.71m
Earnings฿2.62b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.90
Gross Margin66.13%
Net Profit Margin50.85%
Debt/Equity Ratio88.9%

How did BCPG perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

18%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BCPG 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 BCPG?

Other financial metrics that can be useful for relative valuation.

BCPG 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/Revenue7x
Enterprise Value/EBITDA9.3x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

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

BCPG PE Ratio vs Peers
The above table shows the PE ratio for BCPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.6x
TPIPP TPI Polene Power
8.5xn/a฿30.9b
ACE Absolute Clean Energy
18.5x16.4%฿27.5b
SUPER Super Energy Corporation
12.6x29.0%฿20.2b
GUNKUL Gunkul Engineering
19x25.0%฿45.3b
BCPG BCPG
12.2x-27.8%฿31.9b

Price-To-Earnings vs Peers: BCPG is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (14.6x).


Price to Earnings Ratio vs Industry

How does BCPG's PE Ratio compare vs other companies in the TH Renewable Energy Industry?

Price-To-Earnings vs Industry: BCPG is good value based on its Price-To-Earnings Ratio (12.2x) compared to the TH Renewable Energy industry average (18.3x)


Price to Earnings Ratio vs Fair Ratio

What is BCPG'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.

BCPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio10.2x

Price-To-Earnings vs Fair Ratio: BCPG is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.2x).


Share Price vs Fair Value

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

Below Fair Value: BCPG (THB11) is trading above our estimate of fair value (THB6.3)

Significantly Below Fair Value: BCPG 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: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is BCPG forecast to perform in the next 1 to 3 years based on estimates from 6 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


-27.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCPG's earnings are forecast to decline over the next 3 years (-27.8% per year).

Earnings vs Market: BCPG's earnings are forecast to decline over the next 3 years (-27.8% per year).

High Growth Earnings: BCPG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BCPG's revenue is expected to decline over the next 3 years (-2% per year).

High Growth Revenue: BCPG's revenue is forecast to decline over the next 3 years (-2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCPG's Return on Equity is forecast to be low in 3 years time (5.6%).


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Past Performance

How has BCPG 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


7.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCPG has a large one-off gain of THB1.7B impacting its June 30 2022 financial results.

Growing Profit Margin: BCPG's current net profit margins (50.9%) are higher than last year (45.8%).


Past Earnings Growth Analysis

Earnings Trend: BCPG's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: BCPG's earnings growth over the past year (26.2%) exceeds its 5-year average (7.2% per year).

Earnings vs Industry: BCPG earnings growth over the past year (26.2%) exceeded the Renewable Energy industry -13.3%.


Return on Equity

High ROE: BCPG's Return on Equity (9%) is considered low.


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Financial Health

How is BCPG's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BCPG's short term assets (THB25.3B) exceed its short term liabilities (THB4.7B).

Long Term Liabilities: BCPG's short term assets (THB25.3B) exceed its long term liabilities (THB23.9B).


Debt to Equity History and Analysis

Debt Level: BCPG's net debt to equity ratio (12.7%) is considered satisfactory.

Reducing Debt: BCPG's debt to equity ratio has increased from 70.2% to 88.9% over the past 5 years.

Debt Coverage: BCPG's debt is not well covered by operating cash flow (11.6%).

Interest Coverage: BCPG's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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Dividend

What is BCPG current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BCPG's dividend (3%) is higher than the bottom 25% of dividend payers in the TH market (1.67%).

High Dividend: BCPG's dividend (3%) is low compared to the top 25% of dividend payers in the TH market (5.38%).


Stability and Growth of Payments

Stable Dividend: BCPG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BCPG has only been paying a dividend for 6 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.4%), BCPG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: BCPG is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

0.6yrs

Average management tenure


CEO

Niwat Adirek (63 yo)

0.58yr

Tenure

Mr. Niwat Adirek serves as Acting Chief Executive Officer and Secretary at BCPG Public Company Limited since January 01, 2022 and also serves as President and Senior Executive Vice President of Operation a...


Leadership Team

Experienced Management: BCPG's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: BCPG's board of directors are considered experienced (3.1 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 6.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: BCPG Public Company Limited
  • Ticker: BCPG
  • Exchange: SET
  • Founded: 2015
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: ฿31.856b
  • Shares outstanding: 2.90b
  • Website: https://www.bcpggroup.com

Location

  • BCPG Public Company Limited
  • M Tower
  • 12th Floor
  • Bangkok
  • 10260
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/06/30
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.