OTCPK:SMUU.Y

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

-0.8%

OTCPK:SMUU.Y

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-9.7%

OTCPK:SMUU.Y

-16.1%

US Banks

-3.0%

US Market

SMUU.Y outperformed the Banks industry which returned -16.1% over the past year.

SMUU.Y underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

SMUU.YIndustryMarket
7 Day-0.8%-1.8%-1.6%
30 Day-7.2%-10.1%-5.7%
90 Day2.6%-5.0%0.2%
1 Year-6.7%-9.7%-13.7%-16.1%-0.8%-3.0%
3 Year-3.1%-11.6%37.9%28.5%38.1%29.1%
5 Year-19.8%-31.0%49.3%33.2%50.8%34.1%

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 based on future cash flows and its price relative to the stock market?

39%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Siam Commercial Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).

Siam Commercial Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Siam Commercial Bank is good value based on earnings compared to the US Banks industry average.

Siam Commercial Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Siam Commercial Bank is poor value based on expected growth next year.


Price Based on Value of Assets

Siam Commercial Bank is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Siam Commercial Bank expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Siam Commercial Bank's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).

Siam Commercial Bank's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).

Siam Commercial Bank's revenue growth is positive but not above the United States of America market average.

Siam Commercial Bank's earnings growth is positive but not above the United States of America market average.

Siam Commercial Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Siam Commercial Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Siam Commercial Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Siam Commercial Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Siam Commercial Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Siam Commercial Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Siam Commercial Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Siam Commercial Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Siam Commercial Bank has an acceptable proportion of non-loan assets held.

Siam Commercial Bank has a sufficient allowance for bad loans.

Siam Commercial Bank's liabilities are made up of primarily low risk sources of funding.

Siam Commercial Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Siam Commercial Bank are broadly funded by customer deposits.

Siam Commercial Bank has a high level of bad loans (greater than 2%).


Next Steps

Dividend

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

4.84%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Siam Commercial Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Siam Commercial Bank's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).


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?

0.5yrs

Average management tenure


CEO

Arthid Nanthawithaya (52yo)

4.3yrs

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

0.5yrs

Average Tenure

54yo

Average Age

The average tenure for the Siam Commercial Bank management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.8yrs

Average Tenure

65yo

Average Age

The tenure for the Siam Commercial Bank board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Chakkrit Parapuntakul (59yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: ฿4.92m
  • Arthid Nanthawithaya (52yo)

    CEO, Director of Social Activities & Executive Director

    • Tenure: 4.3yrs
    • Compensation: ฿4.47m
  • Apiphan Charoenanusorn (54yo)

    President

    • Tenure: 0.5yrs
  • Wallaya Kaewrungruang (56yo)

    Senior EVP and Chief Legal & Control Officer

    • Tenure: 0.0yrs
  • Jens Lottner (53yo)

    Senior EVP

    • Tenure: 0.5yrs
  • Colin Dinn (66yo)

    Senior EVP & Chief Technology Officer

    • Tenure: 3.3yrs
  • Arak Sutivong (45yo)

    President

    • Tenure: 0.5yrs
  • Sarut Ruttanaporn (45yo)

    President

    • Tenure: 0.5yrs
  • Orapong Thien-Ngern (56yo)

    President

    • Tenure: 0.5yrs
    • Compensation: ฿890.00k
  • Suthipat Serirat

    First Executive Vice President of Investment Banking & Capital Markets

    • Tenure: 0.0yrs

Board Members

  • Vichit Suraphongchai (73yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: ฿4.47m
  • Thaweesak Koanantakool (65yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: ฿6.27m
  • Weerawong Chittmittrapap (61yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: ฿4.95m
  • Kan Trakulhoon (63yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: ฿6.85m
  • Ekamol Kiriwat (73yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: ฿5.19m
  • Chakkrit Parapuntakul (59yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: ฿4.92m
  • Krirk Vanikkul (65yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: ฿6.27m
  • Arthid Nanthawithaya (52yo)

    CEO, Director of Social Activities & Executive Director

    • Tenure: 4.3yrs
    • Compensation: ฿4.47m
  • Prasan Chuaphanich (67yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: ฿5.55m
  • Satitpong Sukvimol (69yo)

    Director

    • Tenure: 1.2yrs
    • 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: SMUU.Y
  • Exchange: OTCPK
  • Founded: 1906
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿424.853b
  • Listing Market Cap: ฿13.887b
  • 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 Analysis2019/08/25 00:23
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.