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

SSP is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (23.3x).

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

SSP is good value based on its Price-To-Earnings Ratio (12.7x) compared to the Asian Renewable Energy industry average (14.1x).

What is SSP'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.

SSP is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

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

SSP (THB5.6) is trading above our estimate of [[fair value]] (THB2.3)

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.

Sermsang Power Corporation (SET:SSP) - Stock Price, News & Analysis

SSP Stock Overview

Operates in the renewable energy business. More details

SSP fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	2/6
Financial Health	1/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (12.7x) is below the TH market (14.8x)

Earnings are forecast to grow 19.44% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (17.4%) are lower than last year (27.1%)

Sermsang Power Corporation Public Company Limited Competitors

Thachang Green Energy

SET:TGE

฿5.1b

SPCG

SET:SPCG

฿9.0b

Absolute Clean Energy

SET:ACE

฿13.0b

Earth Tech Environment

SET:ETC

฿4.3b

Price History & Performance

Summary of all time highs, changes and price drops for Sermsang Power Corporation
Historical stock prices
Current Share Price	฿5.60
52 Week High	฿8.50
52 Week Low	฿5.65
Beta	0.82
11 Month Change	-5.08%
3 Month Change	-11.11%
1 Year Change	-23.29%
33 Year Change	-48.67%
5 Year Change	-0.62%
Change since IPO	-10.74%

Recent updates

Shareholder Returns

	SSP	TH Renewable Energy	TH Market
7D	-2.6%	0.9%	0.8%
1Y	-23.3%	-1.5%	3.1%

Return vs Industry: SSP underperformed the TH Renewable Energy industry which returned -1.5% over the past year.

Return vs Market: SSP underperformed the TH Market which returned 3.1% over the past year.

Price Volatility

Is SSP's price volatile compared to industry and market?
SSP volatility
SSP Average Weekly Movement	2.5%
Renewable Energy Industry Average Movement	4.4%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

Stable Share Price: SSP has not had significant price volatility in the past 3 months compared to the TH market.

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

About the Company

Founded	Employees	CEO	Website
2010	n/a	Varut Tummavaranukub	www.sermsang.com

Sermsang Power Corporation Public Company Limited operates in the renewable energy business. The company produces electricity through solar farm and rooftop, wind power plants, biomass power plants, etc. It operates solar farms and solar rooftop projects in Thailand, Japan, Vietnam, Mongolia, and Indonesia. The company distributes its electricity to state and publicly traded utility corporations and industrial users.

Sermsang Power Corporation Public Company Limited Fundamentals Summary

How do Sermsang Power Corporation's earnings and revenue compare to its market cap?
SSP fundamental statistics
Market cap	฿7.38b
Earnings (TTM)	฿566.45m
Revenue (TTM)	฿3.26b

12.7x

P/E Ratio

2.2x

P/S Ratio

Is SSP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SSP income statement (TTM)
Revenue	฿3.26b
Cost of Revenue	฿1.54b
Gross Profit	฿1.71b
Other Expenses	฿1.15b
Earnings	฿566.45m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.44
Gross Margin	52.64%
Net Profit Margin	17.40%
Debt/Equity Ratio	188.1%

How did SSP perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

23%

Payout Ratio

SSP Stock Overview

Rewards

Risk Analysis

Sermsang Power Corporation Public Company Limited Competitors

SET:TGE

฿5.1b

SET:SPCG

฿9.0b

SET:ACE

฿13.0b

SET:ETC

฿4.3b

Price History & Performance

Recent News & Updates

New minor risk - Profit margin trend

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 19%

First quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.17 in 1Q 2023)

Sermsang Power Corporation Public Company Limited Approves Dividend for the Year 2023

Sermsang Power Corporation Public Company Limited Announces the Resignation of Mr. Viwat Kraipisitkul as Director, Chairman of the Executive Committee, and Member of the Nomination and Remuneration Committee

Recent updates

New minor risk - Profit margin trend

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 19%

First quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.17 in 1Q 2023)

Sermsang Power Corporation Public Company Limited Approves Dividend for the Year 2023

Sermsang Power Corporation Public Company Limited Announces the Resignation of Mr. Viwat Kraipisitkul as Director, Chairman of the Executive Committee, and Member of the Nomination and Remuneration Committee

Dividend of ฿0.10 announced

Sermsang Power Corporation Public Company Limited, Annual General Meeting, Apr 26, 2024

Full year 2023 earnings released

Price target increased by 12% to ฿11.40

Investor sentiment improves as stock rises 15%

Third quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.20 in 3Q 2022)

Insufficient new directors

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: ฿0.17 (vs ฿0.44 in 2Q 2022)

Upcoming dividend of ฿0.061 per share at 2.9% yield

Price target decreased by 9.4% to ฿13.53

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Price target decreased to ฿14.87

Upcoming dividend of ฿0.20 per share

Second quarter 2022 earnings: EPS misses analyst expectations

Sermsang Power Corporation Public Company Limited Announces Cash Dividend for the Period from January 1, 2022 to June 30, 2022, Payable on September 09, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ฿0.011 per share

Sermsang Power Corporation Public Company Limited Appoints Chayut Leehacharoenkul as CFO

Price target decreased to ฿17.33

Full year 2021 earnings: EPS misses analyst expectations

Sermsang Power Corporation Public Company Limited Proposes Dividend for 2021, Payable on May 25, 2022

Third quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.22 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.24 (vs ฿0.15 in 2Q 2020)

Investor sentiment improved over the past week

Price target increased to ฿15.00

Sermsang Power Corporation Public Company Limited Announces Dividend for 2020, Payable on May 28, 2021

First quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.21 in 1Q 2020)

Sermsang Power Corporation Public Company Limited Approves Dividend for the Year 2020

Upcoming dividend of ฿0.011 per share

Analysts lower EPS estimates to ฿0.90

Investor sentiment deteriorated over the past week

Revenue and earnings miss expectations

Sermsang Power Corporation Public Company Limited, Annual General Meeting, Apr 28, 2021

New 90-day high: ฿15.40

Investor sentiment improved over the past week

New 90-day high: ฿12.40

New 90-day high: ฿11.50

Analysts update estimates

Market bids up stock over the past week

Market bids up stock over the past week

Market bids up stock over the past week

Market bids up stock over the past week

Revenue and earnings beat expectations

New 90-day high: ฿7.95

New 90-day low: ฿6.85

Upcoming Dividend of ฿0.11 Per Share

New 90-day low - ฿7.20

Earnings released

New 90-day high - ฿7.90

Shareholder Returns

Price Volatility