OTCPK:THNU.Y

Stock Analysis Report

Executive Summary

Thanachart Capital Public Company Limited, an investment holding company, provides various financial services in Thailand.

Snowflake

Fundamentals

6 star dividend payer with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

THNU.Y

2.7%

US Banks

0.4%

US Market


1 Year Return

n/a

THNU.Y

2.7%

US Banks

6.9%

US Market

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

Return vs Market: Insufficient data to determine how THNU.Y performed against the US Market.


Shareholder returns

THNU.YIndustryMarket
7 Day0%2.7%0.4%
30 Dayn/a0.2%-1.2%
90 Dayn/a2.9%-0.4%
1 Yearn/a5.7%2.7%9.3%6.9%
3 Year80.5%62.3%52.1%41.6%45.8%36.4%
5 Year89.2%57.4%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

26.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: THNU.Y ($17.88) is trading below our estimate of fair value ($24.41)

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


Price To Earnings Ratio

PE vs Industry: THNU.Y is good value based on its PE Ratio (7.8x) compared to the Banks industry average (12.6x).

PE vs Market: THNU.Y is good value based on its PE Ratio (7.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: THNU.Y is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: THNU.Y 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 Thanachart Capital forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: THNU.Y's forecast earnings growth (5.4% per year) is above the savings rate (2.7%).

Earnings vs Market: THNU.Y's earnings (5.4% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: THNU.Y's revenue (5.7% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: THNU.Y's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: THNU.Y's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has Thanachart Capital performed over the past 5 years?

9.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: THNU.Y's earnings have grown by 9.9% per year over the past 5 years.

Accelerating Growth: THNU.Y's earnings growth over the past year (1.7%) is below its 5-year average (9.9% per year).

Earnings vs Industry: THNU.Y earnings growth over the past year (1.7%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: THNU.Y's Return on Equity (10.7%) is considered low.


Return on Assets

ROA vs Industry: THNU.Y's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Thanachart Capital'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: THNU.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: THNU.Y's debt is covered by short term assets (assets are 1.019840x debt).


Financial Institutions Analysis

Asset Level: THNU.Y's level of assets compared to its equity is low.

Allowance for Bad Loans: THNU.Y has a sufficient allowance for bad loans.

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

Loan Level: THNU.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: THNU.Y's loans are broadly funded by customer deposits.

Level of Bad Loans: THNU.Y has a high level of bad loans (2.18%)


Next Steps

Dividend

What is Thanachart Capital's current dividend yield, its reliability and sustainability?

5.28%

Current Dividend Yield


Dividend Yield vs Market

company5.3%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years5.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: THNU.Y's dividend (5.28%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: THNU.Y's dividend (5.28%) is in the top 25% of dividend payers in the US market (3.73%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.4%), THNU.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: THNU.Y's dividends in 3 years are forecast to be well covered by earnings (38.9% payout ratio).


Next Steps

Management

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

10.6yrs

Average board tenure


CEO

Somjate Moosirilert (62yo)

0.8yrs

Tenure

฿3,558,285

Compensation

Mr. Somjate Moosirilert has been Chief Executive Officer of Thanachart Capital PCL since January 1, 2019. Mr. Moosirilert serves as the Chairman of Executive Board of Directors and Director of Thanachart S ...


Board Age and Tenure

10.6yrs

Average Tenure

68yo

Average Age

Experienced Board: THNU.Y's board of directors are seasoned and experienced ( 10.6 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

  • Suvarnapha Suvarnaprathip (73yo)

    Executive Director

    • Tenure: 14.1yrs
    • Compensation: ฿3.55m
  • Somjate Moosirilert (62yo)

    CEO & Executive Director

    • Tenure: 0.8yrs
    • Compensation: ฿3.56m
  • Panupan Tuangthong (55yo)

    Company Secretary

    • Tenure: 10.3yrs
  • Asvini Tailanga

    Managing Director of Securities Brokerage Group - Thanachart Securities Public Company Limited

    • Tenure: 0yrs
  • Thanawan Chaisithikarnkha (53yo)

    Senior Vice President of Accounting Department

    • Tenure: 0yrs
  • Watchara Permphithak (57yo)

    Senior Vice President of Business Division

    • Tenure: 0yrs
  • Vachara Permpitak

    Senior Vice President of Business Support Division

    • Tenure: 0yrs
  • Kamtorn Tantisirivat (56yo)

    Executive Vice President of Finance Division

    • Tenure: 0yrs
  • Kavita Boonpochanasoontorn (51yo)

    Head of Compliance

    • Tenure: 0yrs
  • Sirinthorn Phayaphrom (51yo)

    Head of Internal Audit & VP of Internal Audit

    • Tenure: 0yrs

Board Members

  • Siripen Sitasuwan (70yo)

    Independent Director

    • Tenure: 19.4yrs
    • Compensation: ฿5.13m
  • Suphadej Poonpipat (68yo)

    Vice Chairman of the Board

    • Tenure: 12.8yrs
    • Compensation: ฿3.58m
  • Banterng Tantivit (74yo)

    Chairman of the Board

    • Tenure: 25.8yrs
    • Compensation: ฿7.11m
  • Tiraphot Vajrabhaya (65yo)

    Independent Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: ฿4.81m
  • Suvarnapha Suvarnaprathip (73yo)

    Executive Director

    • Tenure: 14.1yrs
    • Compensation: ฿3.55m
  • Somjate Moosirilert (62yo)

    CEO & Executive Director

    • Tenure: 0.8yrs
    • Compensation: ฿3.56m
  • Vichit Yanamorn (73yo)

    Non Executive Director

    • Tenure: 4.7yrs
    • Compensation: ฿4.39m
  • Teeranun Srihong (54yo)

    Non-Executive Director

    • Tenure: 1.5yrs
    • Compensation: ฿940.00k
  • Prinya Hom-anek (49yo)

    Non-Executive Director

    • Tenure: 1yrs
    • Compensation: ฿206.67k

Company Information

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


Key Information

  • Name: Thanachart Capital Public Company Limited
  • Ticker: THNU.Y
  • Exchange: OTCPK
  • Founded: 1959
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿60.719b
  • Listing Market Cap: ฿2.005b
  • Shares outstanding: 1.15b
  • Website: https://www.thanachart.co.th

Number of Employees


Location

  • Thanachart Capital Public Company Limited
  • 444 MBK Tower
  • 16th -17th Floor
  • Bangkok
  • 10330
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TCAPSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
TCAP-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB10 (ALIEN MKT)THTHBJan 1992
NFPHDB (Deutsche Boerse AG)THB10 (ALIEN MKT)DEEURJan 1992
TCAP-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB10THTHBAug 2001
NVAKDB (Deutsche Boerse AG)NON VTG DEP RCPT REP 1 ORD THB10DEEURAug 2001
THNU.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2012
TCAP-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB10(ALIEN)THTHBSep 2018
A2N5QRDB (Deutsche Boerse AG)THB10(ALIEN)DETHBSep 2018

Biography

Thanachart Capital Public Company Limited, an investment holding company, provides various financial services in Thailand. It operates through six segments: Company, Banking Business, Asset Management Busi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:28
End of Day Share Price2019/10/02 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.