OTCPK:SMCB.F

Stock Analysis Report

Executive Summary

The Siam Commercial Bank Public Company Limited provides various banking and financial products, and services.

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

SMCB.F

2.7%

US Banks

0.4%

US Market


1 Year Return

n/a

SMCB.F

2.7%

US Banks

6.9%

US Market

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

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


Shareholder returns

SMCB.FIndustryMarket
7 Day0%2.7%0.4%
30 Day0%0.7%-1.1%
90 Dayn/a3.0%-0.5%
1 Yearn/a5.7%2.7%9.3%6.9%
3 Yearn/a52.1%41.6%45.8%36.4%
5 Year-27.3%-27.3%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Siam Commercial Bank undervalued compared to its fair value and its price relative to the market?

38.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SMCB.F ($3.96) is trading below our estimate of fair value ($6.44)

Significantly Undervalued: SMCB.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SMCB.F is good value based on its PE Ratio (10.5x) compared to the Banks industry average (12.6x).

PE vs Market: SMCB.F is good value based on its PE Ratio (10.5x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: SMCB.F is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: SMCB.F is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Siam Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMCB.F's forecast earnings growth (5.3% per year) is above the savings rate (2.7%).

Earnings vs Market: SMCB.F's earnings (5.3% per year) are forecast to grow slower than the US market (14.6% per year).

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

Revenue vs Market: SMCB.F's revenue (3.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: SMCB.F's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SMCB.F's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

How has Siam Commercial Bank performed over the past 5 years?

-6.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SMCB.F's earnings have declined by -6.2% per year over the past 5 years.

Accelerating Growth: SMCB.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: SMCB.F had negative earnings growth (-9.8%) over the past year, making it difficult to compare to the Banks industry average (29.6%).


Return on Equity

High ROE: SMCB.F's Return on Equity (9.5%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Siam Commercial 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

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

Debt Coverage by Assets: SMCB.F's debt is covered by short term assets (assets are 4.865790x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: SMCB.F has a high level of bad loans (3.14%)


Next Steps

Dividend

What is Siam Commercial Bank's current dividend yield, its reliability and sustainability?

4.72%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years5.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SMCB.F's dividend (4.72%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: SMCB.F's dividend (4.72%) is in the top 25% of dividend payers in the US market (3.73%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36%), SMCB.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SMCB.F's dividends in 3 years are forecast to be well covered by earnings (46.3% payout ratio).


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Arthid Nanthawithaya (52yo)

4.5yrs

Tenure

฿4,470,000

Compensation

Mr. Arthid Nanthawithaya has been the Chief Executive Officer of Siam Commercial Bank Public Company Limited since April 02, 2015 and is its Executive Director since April 3, 2015. He was President of Siam ...


Management Age and Tenure

0.7yrs

Average Tenure

54yo

Average Age

Experienced Management: SMCB.F's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Age and Tenure

3.9yrs

Average Tenure

65yo

Average Age

Experienced Board: SMCB.F's board of directors are considered experienced (3.9 years average tenure).


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

  • Chakkrit Parapuntakul (59yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: ฿4.92m
  • Arthid Nanthawithaya (52yo)

    CEO, Director of Social Activities & Executive Director

    • Tenure: 4.5yrs
    • Compensation: ฿4.47m
  • Apiphan Charoenanusorn (54yo)

    President

    • Tenure: 0.7yrs
  • Wallaya Kaewrungruang (56yo)

    Senior EVP and Chief Legal & Control Officer

    • Tenure: 0yrs
  • Jens Lottner (53yo)

    Senior EVP

    • Tenure: 0.7yrs
  • Arak Sutivong (45yo)

    President

    • Tenure: 0.7yrs
  • Nopadol Mungonchai (55yo)

    Head of Compliance

    • Tenure: 0yrs
  • Sarut Ruttanaporn (45yo)

    President

    • Tenure: 0.7yrs
  • Orapong Thien-Ngern (56yo)

    President

    • Tenure: 0.7yrs
    • Compensation: ฿890.00k
  • Trirat Suwanprateeb

    First Executive Vice President of Cloud

    • Tenure: 0.8yrs

Board Members

  • Vichit Suraphongchai (73yo)

    Chairman of the Board

    • Tenure: 0.5yrs
    • Compensation: ฿4.47m
  • Thaweesak Koanantakool (65yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: ฿6.27m
  • Weerawong Chittmittrapap (61yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: ฿4.95m
  • Kan Trakulhoon (63yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: ฿6.85m
  • Ekamol Kiriwat (73yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: ฿5.19m
  • Chakkrit Parapuntakul (59yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: ฿4.92m
  • Krirk Vanikkul (65yo)

    Independent Director

    • Tenure: 3.9yrs
    • Compensation: ฿6.27m
  • Arthid Nanthawithaya (52yo)

    CEO, Director of Social Activities & Executive Director

    • Tenure: 4.5yrs
    • Compensation: ฿4.47m
  • Prasan Chuaphanich (67yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: ฿5.55m
  • Satitpong Sukvimol (69yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: ฿820.00k

Company Information

The Siam Commercial Bank Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Siam Commercial Bank Public Company Limited
  • Ticker: SMCB.F
  • Exchange: OTCPK
  • Founded: 1906
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿396.008b
  • Listing Market Cap: ฿13.074b
  • Shares outstanding: 3.40b
  • Website: https://www.scb.co.th

Location

  • The Siam Commercial Bank Public Company Limited
  • 9 Rutchadapisek Road
  • Jatujak
  • Bangkok
  • 10900
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMCB.FOTCPK (Pink Sheets LLC)SHS FUSUSDMar 1993
SCBSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBMar 1993
SCB-FTHAMSE (Bangkok-Alien Market Stock Exchange)SHS FTHTHBMar 1993
SIPFDB (Deutsche Boerse AG)SHS FDEEURMar 1993
SCB-PSET (The Stock Exchange of Thailand)Participating Preferred SharesTHTHBMay 1999
SCB-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB10THTHBAug 2001
NVPIDB (Deutsche Boerse AG)NON VTG DEP RCPT REP 1 ORD THB10DEEURAug 2001
SCB-P-RSET (The Stock Exchange of Thailand)THB10 CNV PRF (NVDR)THTHBJan 2003
SMUU.YOTCPK (Pink Sheets LLC)UNSPONSOR ADRUSUSDMar 2011

Biography

The Siam Commercial Bank Public Company Limited provides various banking and financial products, and services. It operates through three segments Corporate, SME, and Retail. The company offers deposit prod ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:51
End of Day Share Price2019/09/03 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.