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

TPIPP is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (13.8x).

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

TPIPP is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Asian Renewable Energy industry average (13.9x).

What is TPIPP'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.

TPIPP is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).

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

TPIPP (THB3.02) is trading below our estimate of [[fair value]] (THB3.19)

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.

TPI Polene Power (SET:TPIPP) - Stock Price, News & Analysis

TPIPP Stock Overview

Generates and distributes electricity, refuse derived fuel, and organics waste in Thailand. More details

TPIPP fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	1/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 5.2% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 19% per year for the next 3 years

Debt is not well covered by operating cash flow

Dividend of 6.95% is not well covered by free cash flows

TPI Polene Power Public Company Limited Competitors

CK Power

SET:CKP

฿27.5b

Gunkul Engineering

SET:GUNKUL

฿20.0b

Energy Absolute

SET:EA

฿21.0b

BCPG

SET:BCPG

฿17.2b

Price History & Performance

Summary of all time highs, changes and price drops for TPI Polene Power
Historical stock prices
Current Share Price	฿3.02
52 Week High	฿3.44
52 Week Low	฿2.70
Beta	0.50
11 Month Change	1.34%
3 Month Change	2.03%
1 Year Change	-9.04%
33 Year Change	-28.10%
5 Year Change	-37.60%
Change since IPO	-54.93%

Recent updates

Shareholder Returns

	TPIPP	TH Renewable Energy	TH Market
7D	0.7%	4.4%	0.3%
1Y	-9.0%	1.2%	3.2%

Return vs Industry: TPIPP underperformed the TH Renewable Energy industry which returned 1.2% over the past year.

Return vs Market: TPIPP underperformed the TH Market which returned 3.2% over the past year.

Price Volatility

Is TPIPP's price volatile compared to industry and market?
TPIPP volatility
TPIPP Average Weekly Movement	2.0%
Renewable Energy Industry Average Movement	4.5%
Market Average Movement	4.6%
10% most volatile stocks in TH Market	10.1%
10% least volatile stocks in TH Market	2.4%

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

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

About the Company

Founded	Employees	CEO	Website
1991	n/a	Pakorn Leopairut	www.tpipolenepower.co.th

TPI Polene Power Public Company Limited generates and distributes electricity, refuse derived fuel, and organics waste in Thailand. It operates in two segments, Energy and Utilities, and Petrol and Gas Stations. The company operates coal-fired; waste fuel plants; and waste-to-energy and waste-heat recovery power plants with a total installed power generation capacity of approximately 440 megawatts.

TPI Polene Power Public Company Limited Fundamentals Summary

How do TPI Polene Power's earnings and revenue compare to its market cap?
TPIPP fundamental statistics
Market cap	฿25.37b
Earnings (TTM)	฿3.22b
Revenue (TTM)	฿10.63b

7.9x

P/E Ratio

2.4x

P/S Ratio

Is TPIPP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TPIPP income statement (TTM)
Revenue	฿10.63b
Cost of Revenue	฿6.91b
Gross Profit	฿3.72b
Other Expenses	฿491.70m
Earnings	฿3.22b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.38
Gross Margin	34.95%
Net Profit Margin	30.33%
Debt/Equity Ratio	77.3%

How did TPIPP perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

55%

Payout Ratio

TPIPP Stock Overview

Rewards

Risk Analysis

TPI Polene Power Public Company Limited Competitors

SET:CKP

฿27.5b

SET:GUNKUL

฿20.0b

SET:EA

฿21.0b

SET:BCPG

฿17.2b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: ฿0.099 (vs ฿0.10 in 3Q 2023)

First half dividend reduced to ฿0.09

TPI Polene Power Public Company Limited Announces Interim Cash Dividend for the Six-Month Period Ended June 30, 2024, Payable on 20 September 2024

Price target decreased by 20% to ฿3.20

Second quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.11 in 2Q 2023)

Now 21% undervalued after recent price drop

Recent updates

Third quarter 2024 earnings released: EPS: ฿0.099 (vs ฿0.10 in 3Q 2023)

First half dividend reduced to ฿0.09

TPI Polene Power Public Company Limited Announces Interim Cash Dividend for the Six-Month Period Ended June 30, 2024, Payable on 20 September 2024

Price target decreased by 20% to ฿3.20

Second quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.11 in 2Q 2023)

Now 21% undervalued after recent price drop

TPI Polene Power Public Company Limited Approves Board Appointments

TPI Polene Power Public Company Limited Approves Board Appointments

First quarter 2024 earnings released: EPS: ฿0.083 (vs ฿0.13 in 1Q 2023)

TPI Polene Power Public Company Limited Approves Dividend Payment for the Year Ended December 31, 2023, Payable on May 9, 2024

TPI Polene Power Public Company Limited, Annual General Meeting, Apr 18, 2024

Upcoming dividend of ฿0.12 per share

Dividend increased to ฿0.12

TPI Polene Power Public Company Limited Announces Interim Cash Dividend, Payable on May 09, 2024

Full year 2023 earnings released: EPS: ฿0.43 (vs ฿0.34 in FY 2022)

Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.064 in 3Q 2022)

Upcoming dividend of ฿0.12 per share at 6.9% yield

TPI Polene Power Public Company Limited Announces Interim Cash Dividend for the Six-Month Period Ended June 30, 2023, Payable on 25 September 2023

Second quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.10 in 2Q 2022)

Price target increased by 18% to ฿4.00

Upcoming dividend of ฿0.03 per share at 7.4% yield

Upcoming dividend of ฿0.09 per share at 7.1% yield

TPI Polene Power Public Company Limited Announces Interim Cash Dividend for Operating Performance Up to the Nine-Month Period Ended September 30, 2022, Payable on 23 February 2023

Price target decreased to ฿3.60

Third quarter 2022 earnings released: EPS: ฿0.064 (vs ฿0.11 in 3Q 2021)

Upcoming dividend of ฿0.12 per share

Tpi Polene Power Public Company Limited Announces Interim Dividend for the Six-Month Ended June 30, 2022, Payable on September 23, 2022

Second quarter 2022 earnings released: EPS: ฿0.10 (vs ฿0.14 in 2Q 2021)

Price target decreased to ฿4.00

First quarter 2022 earnings released: EPS: ฿0.10 (vs ฿0.13 in 1Q 2021)

TPI Polene Power Public Company Limited Approves Dividend for the Year Ended December 31, 2021, Payable on May 12, 2022

Upcoming dividend of ฿0.13 per share

TPI Polene Power Public Company Limited Proposes Dividend for the Year 2021, Payable on May 12, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.14 in 3Q 2020)

Upcoming dividend of ฿0.12 per share

Second quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.14 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.12 in 1Q 2020)

Full year 2020 earnings released: EPS ฿0.54 (vs ฿0.55 in FY 2019)

New 90-day high: ฿4.44

Third quarter 2020 earnings released: EPS ฿0.14

Earnings released

New 90-day high - ฿4.14

Shareholder Returns

Price Volatility

About the Company

TPI Polene Power Public Company Limited Fundamentals Summary

7.9x

2.4x

Earnings & Revenue

Dividends

7.0%

55%