OTCPK:BKAH.F

Stock Analysis Report

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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

0%

BKAH.F

3.7%

US Banks

1.8%

US Market


1 Year Return

n/a

BKAH.F

1.9%

US Banks

7.3%

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%3.7%1.8%
30 Day0%0.2%-0.7%
90 Dayn/a2.5%0.06%
1 Yearn/a4.9%1.9%9.7%7.3%
3 Yearn/a51.7%41.2%46.3%36.9%
5 Year-29.4%-29.4%69.7%51.2%64.5%46.5%

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?

23.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BKAH.F ($1.13) is trading below our estimate of fair value ($1.47)

Significantly Undervalued: 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 (7.5x) compared to the Banks industry average (12.6x).

PE vs Market: BKAH.F is good value based on its PE Ratio (7.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: BKAH.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BKAH.F is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Bank of Ayudhya forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKAH.F's earnings are forecast to decline over the next 3 years (-2.1% per year).

Earnings vs Market: BKAH.F's earnings are forecast to decline over the next 3 years (-2.1% per year).

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

Revenue vs Market: BKAH.F's revenue (6.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BKAH.F's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BKAH.F's Return on Equity is forecast to be low in 3 years time (10.3%).


Next Steps

Past Performance

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

16.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BKAH.F's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: BKAH.F's earnings growth over the past year (32.6%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: BKAH.F earnings growth over the past year (32.6%) exceeded the Banks industry 30.5%.


Return on Equity

High ROE: BKAH.F's Return on Equity (12.5%) is considered low.


Return on Assets

ROA vs Industry: BKAH.F has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BKAH.F's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: BKAH.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: BKAH.F's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: BKAH.F's level of assets compared to its equity is low.

Allowance for Bad Loans: BKAH.F has a sufficient allowance for bad loans.

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

Loan Level: BKAH.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BKAH.F's loans are broadly funded by customer deposits.

Level of Bad Loans: BKAH.F has a high level of bad loans (2.08%)


Next Steps

Dividend

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

2.62%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%1.5%markettop25%3.7%industryaverage3.0%forecastin3Years3.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BKAH.F's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: BKAH.F's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (3.72%).

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 (19.5%), BKAH.F's dividend payments are well 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 (28.3% payout ratio).


Next Steps

Management

What is the CEO of Bank of Ayudhya's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Seiichiro Akita 0

0.4yrs

Tenure

0

Mr. Seiichiro Akita has been President, Chief Executive Officer and Director of Bank of Ayudhya PCL since May 15, 2019 and serves as its Acting Head of Corporate Strategy and Planning Group since August 20 ...


Management Age and Tenure

1.9yrs

Average Tenure

57yo

Average Age

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


Board Age and Tenure

2.4yrs

Average Tenure

64yo

Average Age

Experienced Board: BKAH.F's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Pornsanong Tuchinda (57yo)

    Head of Commercial Banking

    • Tenure: 4yrs
  • Voranuch Dejakaisaya (58yo)

    Chief Information & Operations Officer and First Executive VP

    • Tenure: 2.8yrs
  • Jiraporn Popairoj (57yo)

    Head of Fin Gover. Risk & Compl Div

    • Tenure: 3.8yrs
  • Duangdao Wongpanitkrit (50yo)

    CFO, First Executive VP of Finance Group & Director

    • Tenure: 3.6yrs
  • Phawana Niemloy (60yo)

    General Counsel & First Executive VP

    • Tenure: 12.4yrs
  • Saengchart Wanichwatphibun

    Chief Compliance Officer

    • Tenure: 4.3yrs
  • Sukanda Thawilwang (43yo)

    Senior VP

    • Tenure: 0.7yrs
  • Sittichai Mahaguna (52yo)

    Head of Investment Banking Group & Executive VP

    • Tenure: 1yrs
  • Vasin Udomratchatavanich

    Head of Human Resources Group

    • Tenure: 0.5yrs
  • Seiichiro Akita

    President

    • Tenure: 0.4yrs

Board Members

  • Pornsanong Tuchinda (57yo)

    Head of Commercial Banking

    • Tenure: 4yrs
  • Nopporn Tirawattanagool (64yo)

    Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: ฿6.62m
  • Virat Phairatphiboon (70yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: ฿6.63m
  • Jamlong Atikul (70yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: ฿1.10m
  • Karun Kittisataporn (72yo)

    Independent Chairman

    • Tenure: 0.3yrs
    • Compensation: ฿5.82m
  • Potjanee Thanavaranit (73yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: ฿5.82m
  • Duangdao Wongpanitkrit (50yo)

    CFO, First Executive VP of Finance Group & Director

    • Tenure: 3.6yrs
  • Noriaki Goto (56yo)

    Vice Chairman

    • Tenure: 0.4yrs
  • Toru Matsuda (61yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: ฿2.89m
  • Seiichiro Akita

    President

    • Tenure: 0.4yrs

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: ฿239.062b
  • Listing Market Cap: ฿7.897b
  • 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 Analysis2019/10/18 00:07
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.