OTCPK:KGTF.F

Stock Analysis Report

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Executive Summary

Krung Thai Bank Public Company Limited provides various commercial banking products and services.


Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

KGTF.F

-2.4%

US Banks

2.2%

US Market


1 Year Return

-47.0%

KGTF.F

-22.7%

US Banks

16.2%

US Market

Return vs Industry: KGTF.F underperformed the US Banks industry which returned -23.2% over the past year.

Return vs Market: KGTF.F underperformed the US Market which returned 15.9% over the past year.


Shareholder returns

KGTF.FIndustryMarket
7 Day0%-2.4%2.2%
30 Day4.3%0.8%4.9%
90 Day1.0%6.1%17.8%
1 Year-47.0%-47.0%-19.9%-22.7%18.7%16.2%
3 Year-39.0%-39.0%-15.5%-22.2%41.1%32.0%
5 Year-32.7%-32.7%10.1%-3.3%74.5%55.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Krung Thai Bank undervalued compared to its fair value and its price relative to the market?

5.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KGTF.F ($0.32) is trading above our estimate of fair value ($0.29)

Significantly Below Fair Value: KGTF.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KGTF.F is good value based on its PE Ratio (5.9x) compared to the US Banks industry average (9.6x).

PE vs Market: KGTF.F is good value based on its PE Ratio (5.9x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: KGTF.F is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: KGTF.F is good value based on its PB Ratio (0.4x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Krung Thai Bank forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KGTF.F's forecast earnings growth (4.1% per year) is above the savings rate (2.2%).

Earnings vs Market: KGTF.F's earnings (4.1% per year) are forecast to grow slower than the US market (22.4% per year).

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

Revenue vs Market: KGTF.F's revenue (6.3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: KGTF.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

Future ROE: KGTF.F's Return on Equity is forecast to be low in 3 years time (6.1%).


Next Steps

Past Performance

How has Krung Thai Bank performed over the past 5 years?

-2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KGTF.F has high quality earnings.

Growing Profit Margin: KGTF.F's current net profit margins (26.3%) are lower than last year (30.5%).


Past Earnings Growth Analysis

Earnings Trend: KGTF.F's earnings have declined by 2.8% per year over the past 5 years.

Accelerating Growth: KGTF.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: KGTF.F had negative earnings growth (-18.4%) over the past year, making it difficult to compare to the Banks industry average (-2.8%).


Return on Equity

High ROE: KGTF.F's Return on Equity (7.7%) is considered low.


Next Steps

Financial Health

How is Krung Thai Bank'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: KGTF.F's Assets to Equity ratio (9.1x) is low.

Allowance for Bad Loans: KGTF.F has a sufficient allowance for bad loans (125%).

Low Risk Liabilities: 83% of KGTF.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: KGTF.F has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: KGTF.F's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: KGTF.F has a high level of bad loans (5.3%).


Next Steps

Dividend

What is Krung Thai Bank current dividend yield, its reliability and sustainability?

7.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KGTF.F's dividend (7.57%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: KGTF.F's dividend (7.57%) is in the top 25% of dividend payers in the US market (4.54%)


Stability and Growth of Payments

Stable Dividend: KGTF.F's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.8%), KGTF.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KGTF.F's dividends in 3 years are forecast to be well covered by earnings (36.8% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Payong Srivanich (51 yo)

2.58yrs

Tenure

฿1,770,000

Compensation

Mr. Payong Srivanich has been President and Executive Director of Krung Thai Bank PCL since November 8, 2016 and has been its Chief Executive Officer since 2018. He serves as Corporate Secretary at Krung T ...


Leadership Team

NamePositionTenureCompensationOwnership
Payong Srivanich
President2.58yrs฿1.77mno data
Poonnis Sakuntanaga
Executive Director5.58yrs฿1.89mno data
Patricia Mongkhonvanit
Executive Director1.67yrs฿1.86mno data
Saranya Vejakul
Senior Executive VP & Head of Financial Management Group1.08yrsno datano data
Poonpat Sripleng
Senior Executive VPno datano datano data
Somsak Likitkranchanakul
Senior VP & Manager of Accounting Departmentno datano datano data
Kaival Pongnontakul
Senior Vice President of Investor Relations Department5yrsno datano data
Niruj Maneepun
Senior Executive VPno datano datano data
Siriporn Nopwattanapong
EVP of Mktg & Corporate Communication Sector and Director of Mktg & Corporate Communication Sectorno datano datano data
Suppawat Wadhanapatee
First Executive VP and Head of Human Resources & Corporate Governance Group3.83yrsno datano data
Suwat Nestsawat
Executive VP of Metropolitan Network Sector 2 and Director of Metropolitan Network Sector 2no datano datano data
Somjit Pongpitakwises
Executive VP of Northern Region Network Sector 2 and Director of Northern Region Network Sector 2no datano datano data

3.2yrs

Average Tenure

51yo

Average Age

Experienced Management: KGTF.F's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Payong Srivanich
President2.58yrs฿1.77mno data
Poonnis Sakuntanaga
Executive Director5.58yrs฿1.89mno data
Patricia Mongkhonvanit
Executive Director1.67yrs฿1.86mno data
Krisada Chinavicharana
Executive Director0.50yr฿1.16mno data
Krairit Euchukanonchai
Vice Chairman4.58yrs฿2.97mno data
Nontigorn Kanchanachitra
Directorno data฿2.63mno data
Prasong Poontaneat
Chairman0.58yrno datano data
Nitima Thepvanangkul
Independent Director1.33yrs฿1.38mno data
Kittipong Kittayarak
Independent Director6.08yrs฿2.12mno data
Vichai Assarasakorn
Independent Director2.75yrs฿2.28mno data
Tienchai Rubporn
Independent Director5.58yrs฿2.12mno data
Thanwa Laohasiriwong
Independent Director4.58yrs฿1.88mno data

3.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: KGTF.F's board of directors are considered experienced (3.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Krung Thai Bank Public Company Limited
  • Ticker: KGTF.F
  • Exchange: OTCPK
  • Founded: 1966
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿139.062b
  • Listing Market Cap: ฿4.479b
  • Shares outstanding: 13.98b
  • Website: https://www.krungthai.com

Number of Employees


Location

  • Krung Thai Bank Public Company Limited
  • Building 1
  • 35 Sukhumvit Road
  • Bangkok
  • 10110
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KTBSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
KTB1DB (Deutsche Boerse AG)THB5.15(ALIEN MARKET)DEEURJan 1992
KTB-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB5.15(ALIEN MARKET)THTHBJan 1992
KTHA.FOTCPK (Pink Sheets LLC)NON VTG DEP RCPR REP 1 ORD THB5.15USUSDAug 2001
NVPBDB (Deutsche Boerse AG)NON VTG DEP RCPR REP 1 ORD THB5.15DEEURAug 2001
KTB-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPR REP 1 ORD THB5.15THTHBAug 2001
KGTF.FOTCPK (Pink Sheets LLC)SHSUSUSDJul 2003
KGTF.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2011

Biography

Krung Thai Bank Public Company Limited provides various commercial banking products and services. The company operates through three segments: Retail Banking, Wholesale Banking, and Treasury and Investment ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 00:12
End of Day Share Price2020/07/15 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.