OTCPK:BKAH.F

Stock Analysis Report

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Executive Summary

Bank of Ayudhya Public Company Limited, through its subsidiaries, provides a range of banking services to individuals, corporates, small and medium-sized businesses, and financial institutions. More Details


Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Bank of Ayudhya's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BKAH.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BKAH.F

-7.1%

US Banks

-2.4%

US Market


1 Year Return

n/a

BKAH.F

-31.9%

US Banks

12.0%

US Market

Return vs Industry: Insufficient data to determine how BKAH.F performed against the US Banks industry.

Return vs Market: Insufficient data to determine how BKAH.F performed against the US Market.


Shareholder returns

BKAH.FIndustryMarket
7 Day0%-7.1%-2.4%
30 Day0%-8.4%-6.5%
90 Dayn/a-3.4%8.4%
1 Yearn/a-29.5%-31.9%14.5%12.0%
3 Yearn/a-23.2%-29.5%34.8%25.8%
5 Year-25.2%-25.2%13.8%-0.1%82.1%61.6%

Price Volatility Vs. Market

How volatile is Bank of Ayudhya's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bank of Ayudhya undervalued compared to its fair value and its price relative to the market?

12.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BKAH.F ($0.66) is trading below our estimate of fair value ($0.75)

Significantly Below Fair Value: BKAH.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BKAH.F is good value based on its PE Ratio (5.5x) compared to the US Banks industry average (9.3x).

PE vs Market: BKAH.F is good value based on its PE Ratio (5.5x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: BKAH.F is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: BKAH.F is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Bank of Ayudhya forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKAH.F's forecast earnings growth (3.5% per year) is above the savings rate (2.2%).

Earnings vs Market: BKAH.F's earnings (3.5% per year) are forecast to grow slower than the US market (22.9% per year).

High Growth Earnings: BKAH.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: BKAH.F's revenue (5.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: BKAH.F's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKAH.F's Return on Equity is forecast to be low in 3 years time (8.1%).


Next Steps

Past Performance

How has Bank of Ayudhya performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKAH.F has a high level of non-cash earnings.

Growing Profit Margin: BKAH.F's current net profit margins (32%) are lower than last year (34%).


Past Earnings Growth Analysis

Earnings Trend: BKAH.F's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: BKAH.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BKAH.F had negative earnings growth (-17.3%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: BKAH.F's Return on Equity (9.6%) is considered low.


Next Steps

Financial Health

How is Bank of Ayudhya's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BKAH.F's Assets to Equity ratio (9x) is low.

Allowance for Bad Loans: BKAH.F has a sufficient allowance for bad loans (147%).

Low Risk Liabilities: 76% of BKAH.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKAH.F has an appropriate level of Loans to Assets ratio (71%).

Low Risk Deposits: BKAH.F's Loans to Deposits ratio (105%) is appropriate.

Level of Bad Loans: BKAH.F has a high level of bad loans (2.6%).


Next Steps

Dividend

What is Bank of Ayudhya current dividend yield, its reliability and sustainability?

4.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BKAH.F's dividend (4.27%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: BKAH.F's dividend (4.27%) is low compared to the top 25% of dividend payers in the US market (4.99%).


Stability and Growth of Payments

Stable Dividend: BKAH.F's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.5%), BKAH.F's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BKAH.F's dividends in 3 years are forecast to be well covered by earnings (25.7% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Seiichiro Akita (53 yo)

1.33yrs

Tenure

Mr. Seiichiro Akita has been President, Chief Executive Officer and Director of Bank of Ayudhya PCL since May 15, 2019 and served as its Acting Head of JPC/MNC Banking until June 2020. He served as its Act ...


Leadership Team

NamePositionTenureCompensationOwnership
Seiichiro Akita
President1.33yrsno datano data
Duangdao Wongpanitkrit
CFO, First Executive VP of Finance Group & Director4.5yrsno datano data
Pornsanong Tuchinda
Head of Commercial Banking4.92yrsno datano data
Voranuch Dejakaisaya
Chief Information & Operations Officer and First Executive VP3.67yrsno datano data
Sittichai Mahaguna
Head of Investment Banking Group & Executive VP1.92yrsno datano data
Saengchart Wanichwatphibun
Executive VP & Chief Compliance Officer5.17yrsno datano data
Thitivorn Chothayaphorn
Head of Legal Group0.67yrno datano data
Sukanda Thawilwang
Senior VP1.58yrsno datano data
Vasin Udomratchatavanich
Head of Human Resources Group1.42yrsno datano data
Jiraporn Popairoj
Head of Fin Gover. Risk & Compl Div4.67yrsno datano data
Sunee Nontikarn
Executive Vice Presidentno datano datano data
Nuttawit Boonyawat
First Executive VP - Office of the President & CEO and Advisor to the President & CEO6.83yrsno datano data

1.9yrs

Average Tenure

53yo

Average Age

Experienced Management: BKAH.F's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Seiichiro Akita
President1.33yrsno datano data
Duangdao Wongpanitkrit
CFO, First Executive VP of Finance Group & Director4.5yrsno datano data
Pornsanong Tuchinda
Head of Commercial Banking4.92yrsno datano data
Nopporn Tirawattanagool
Non-Executive Director6.67yrs฿6.62mno data
Virat Phairatphiboon
Independent Director21.75yrs฿6.66mno data
Jamlong Atikul
Independent Director1.83yrs฿6.64mno data
Karun Kittisataporn
Independent Chairman1.17yrs฿6.78mno data
Tongurai Limpiti
Independent Director0.67yrno datano data
Potjanee Thanavaranit
Independent Director10.42yrs฿5.82mno data
Noriaki Goto
Vice Chairman1.33yrs฿4.41mno data
Toru Matsuda
Director2.17yrs฿5.78mno data
Junko Kawano
Director2.08yrs฿4.94mno data

2.1yrs

Average Tenure

63yo

Average Age

Experienced Board: BKAH.F's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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

Bank of Ayudhya Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Ayudhya Public Company Limited
  • Ticker: BKAH.F
  • Exchange: OTCPK
  • Founded: 1945
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿146.380b
  • Listing Market Cap: ฿4.626b
  • Shares outstanding: 7.36b
  • Website: https://www.krungsri.com

Number of Employees


Location

  • Bank of Ayudhya Public Company Limited
  • 1222 Rama III Road
  • Bang Phongphang Subdistrict
  • Bangkok
  • 10120
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAYSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
BAY-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB10(ALIEN MARKET)THTHBJan 1992
NVAUDB (Deutsche Boerse AG)NON VTG DEP RCPT REP 1 ORD THB10DEEURAug 2001
BAY-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB10THTHBAug 2001
BKAH.FOTCPK (Pink Sheets LLC)NON VTG DEP RCPT REP 1 ORD THB10USUSDAug 2001
BKAY.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2011

Biography

Bank of Ayudhya Public Company Limited, through its subsidiaries, provides a range of banking services to individuals, corporates, small and medium-sized businesses, and financial institutions. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 05:45
End of Day Share Price2020/08/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.