OTCPK:KPCP.Y

Stock Analysis Report

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Executive Summary

Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally.


Snowflake Analysis

6 star dividend payer with excellent balance sheet.


Similar Companies

Share Price & News

How has Kasikornbank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KPCP.Y's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.4%

KPCP.Y

-0.7%

US Banks

1.3%

US Market


1 Year Return

-52.1%

KPCP.Y

-23.5%

US Banks

14.9%

US Market

Return vs Industry: KPCP.Y underperformed the US Banks industry which returned -23.5% over the past year.

Return vs Market: KPCP.Y underperformed the US Market which returned 14.9% over the past year.


Shareholder returns

KPCP.YIndustryMarket
7 Day-2.4%-0.7%1.3%
30 Day-13.3%2.6%4.7%
90 Day-1.8%4.8%17.1%
1 Year-50.1%-52.1%-20.8%-23.5%17.3%14.9%
3 Year-52.4%-55.8%-15.5%-22.2%38.9%29.9%
5 Year-42.5%-48.4%8.5%-4.7%71.3%52.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Kasikornbank undervalued compared to its fair value and its price relative to the market?

6.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KPCP.Y ($10.51) is trading above our estimate of fair value ($7.65)

Significantly Below Fair Value: KPCP.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KPCP.Y is good value based on its PE Ratio (6.9x) compared to the US Banks industry average (9.6x).

PE vs Market: KPCP.Y is good value based on its PE Ratio (6.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: KPCP.Y is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: KPCP.Y 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 Kasikornbank forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KPCP.Y's forecast earnings growth (13.6% per year) is above the savings rate (2.2%).

Earnings vs Market: KPCP.Y's earnings (13.6% per year) are forecast to grow slower than the US market (22.3% per year).

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

Revenue vs Market: KPCP.Y's revenue (4.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: KPCP.Y's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KPCP.Y's Return on Equity is forecast to be low in 3 years time (6.4%).


Next Steps

Past Performance

How has Kasikornbank performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KPCP.Y has high quality earnings.

Growing Profit Margin: KPCP.Y's current net profit margins (25.3%) are lower than last year (30.3%).


Past Earnings Growth Analysis

Earnings Trend: KPCP.Y's earnings have declined by 3.6% per year over the past 5 years.

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

Earnings vs Industry: KPCP.Y had negative earnings growth (-23%) over the past year, making it difficult to compare to the Banks industry average (-2.8%).


Return on Equity

High ROE: KPCP.Y's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Kasikornbank'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: KPCP.Y's Assets to Equity ratio (8x) is low.

Allowance for Bad Loans: KPCP.Y has a sufficient allowance for bad loans (138%).

Low Risk Liabilities: 74% of KPCP.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: KPCP.Y has an appropriate level of Loans to Assets ratio (56%).

Low Risk Deposits: KPCP.Y's Loans to Deposits ratio (87%) is appropriate.

Level of Bad Loans: KPCP.Y has a high level of bad loans (4.5%).


Next Steps

Dividend

What is Kasikornbank current dividend yield, its reliability and sustainability?

6.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KPCP.Y's dividend (6.08%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: KPCP.Y's dividend (6.08%) is in the top 25% of dividend payers in the US market (4.51%)


Stability and Growth of Payments

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

Growing Dividend: KPCP.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.9%), KPCP.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KPCP.Y's dividends in 3 years are forecast to be well covered by earnings (38.4% payout ratio).


Next Steps

Management

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

12.6yrs

Average management tenure


CEO

Kattiya Indaravijaya (55 yo)

0.83

Tenure

฿4,187,590

Compensation

Ms. Kattiya Indaravijaya has been Chief Executive Officer at Kasikornbank Public Company Limited since October 2019. Ms. Indaravijaya has been an Executive Director of Kasikornbank Public Company Limited s ...


Leadership Team

NamePositionTenureCompensationOwnership
Kattiya Indaravijaya
CEO & Director0.83yr฿4.19mno data
Pipit Aneaknithi
President & Executive Director3.58yrs฿4.19mno data
Patchara Samalapa
President & Director2.33yrs฿3.69mno data
Abhijai Chandrasen
Non-Executive Director & Legal Adviser20.33yrs฿8.58mno data
Chongrak Rattanapian
Senior EVP & CFO4.58yrsno datano data
Pornvipa Tangtrongchit
Chief of Investment Bankingno datano datano data
Tawit Thanachanan
First Senior Vice President19.58yrsno datano data
Pongpichet Nananukool
First Senior Vice President12.58yrsno datano data
Thiti Tantikulanan
Senior EVP & Head of Capital Markets Business Division12.58yrsno datano data
Suwat Charoenvijitchai
First Senior Vice President15.58yrsno datano data
Surasak Dudsdeemaytha
Head of Internal Audit17.58yrsno datano data
Krit Jitjang
Senior EVP & Head of Enterprise Risk Management Divisionno datano datano data

12.6yrs

Average Tenure

53yo

Average Age

Experienced Management: KPCP.Y's management team is seasoned and experienced (12.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kattiya Indaravijaya
CEO & Director0.83yr฿4.19mno data
Pipit Aneaknithi
President & Executive Director3.58yrs฿4.19mno data
Patchara Samalapa
President & Director2.33yrs฿3.69mno data
Abhijai Chandrasen
Non-Executive Director & Legal Adviser20.33yrs฿8.58mno data
Sujitpan Lamsam
Vice Chairperson of the Board4.58yrs฿6.49mno data
Banyong Lamsam
Honorary Chairmanno data฿569.82kno data
Piyasvasti Amranand
Independent Director7.33yrs฿6.65mno data
Kalin Sarasin
Independent Director7.33yrs฿5.46mno data
Kobkarn Wattanavrangkul
Chairperson of the Board & Lead Independent Director0.58yr฿7.75mno data
Suphajee Suthumpun
Independent Director4.83yrs฿6.29mno data
Nalinee Paiboon
Independent Director8yrs฿5.63mno data
Saravoot Yoovidhya
Independent Director7.83yrs฿5.75mno data

4.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: KPCP.Y's board of directors are considered experienced (4.8 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

Kasikornbank Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kasikornbank Public Company Limited
  • Ticker: KPCP.Y
  • Exchange: OTCPK
  • Founded: 1945
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿194.877b
  • Listing Market Cap: ฿6.246b
  • Shares outstanding: 2.37b
  • Website: https://www.kasikornbank.com

Number of Employees


Location

  • Kasikornbank Public Company Limited
  • 1 Soi Rat Burana 27/1
  • Rat Burana Road
  • Bangkok
  • 10140
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TFBFDB (Deutsche Boerse AG)THBH10(ALIEN MARKET)DEEURMay 1993
KBANKSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBMay 1993
KBANK-FTHAMSE (Bangkok-Alien Market Stock Exchange)THBH10(ALIEN MARKET)THTHBMay 1993
KPCP.FOTCPK (Pink Sheets LLC)THBH10(ALIEN MARKET)USUSDMay 1993
KBANK-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB10THTHBAug 2001
KPCU.FOTCPK (Pink Sheets LLC)NON VTG DEP RCPT REP 1 ORD THB10USUSDAug 2001
KPCP.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDApr 2011

Biography

Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company’s personal banking products and services ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 23:51
End of Day Share Price2020/08/03 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.