OTCPK:TMBB.Y

Stock Analysis Report

Executive Summary

TMB Bank Public Company Limited, together with its subsidiaries, provides various commercial banking products and services to personal, small and medium enterprises, and corporate customers in Thailand and internationally.

Snowflake

Fundamentals

Excellent balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

TMBB.Y

1.4%

US Banks

1.0%

US Market


1 Year Return

n/a

TMBB.Y

0.2%

US Banks

6.7%

US Market


Shareholder returns

TMBB.YIndustryMarket
7 Day0%1.4%1.0%
30 Day0%-2.6%-1.8%
90 Day0%0.8%-1.8%
1 Yearn/a3.1%0.2%9.1%6.7%
3 Yearn/a52.0%41.5%46.1%36.6%
5 Yearn/a69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

16.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued:

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


Price To Earnings Ratio

PE vs Industry: TMBB.Y is good value based on its PE Ratio (6.3x) compared to the Banks industry average (12.5x).

PE vs Market: TMBB.Y is good value based on its PE Ratio (6.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: TMBB.Y is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: TMBB.Y is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is TMB Bank forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMBB.Y's forecast earnings growth (11% per year) is above the savings rate (2.7%).

Earnings vs Market: TMBB.Y's earnings (11% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: TMBB.Y's revenue (6.8% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: TMBB.Y's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has TMB Bank performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TMBB.Y's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: TMBB.Y's earnings growth over the past year (26%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: TMBB.Y earnings growth over the past year (26%) underperformed the Banks industry 31.8%.


Return on Equity

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


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is TMB 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

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

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

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

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

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

Level of Bad Loans: TMBB.Y has a high level of bad loans (3.15%)


Next Steps

Dividend

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

4.49%

Current Dividend Yield


Dividend Yield vs Market

company4.5%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Years4.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TMBB.Y's dividend (4.49%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: TMBB.Y's dividend (4.49%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: Whilst dividend payments have been stable, TMBB.Y has been paying a dividend for less than 10 years.

Growing Dividend: TMBB.Y's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.4%), TMBB.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TMBB.Y's dividends in 3 years are forecast to be well covered by earnings (34.3% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Piti Tantakasem (48yo)

1.7yrs

Tenure

0

Mr. Piti Tantakasem has been Chief Executive Officer and Director at TMB Bank Public Company Limited since January 1, 2018 and served as its Chief Financial Officer. Mr. Tantakasem served as the First Seni ...


Management Age and Tenure

1.4yrs

Average Tenure

53yo

Average Age

Experienced Management: TMBB.Y's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: TMBB.Y's board of directors are considered experienced (4.3 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

  • Kanchana Rojvatunyu

    Head of Corporate Branding & Communications

    • Tenure: 0yrs
  • Piti Tantakasem (48yo)

    CEO & Director

    • Tenure: 1.7yrs
  • Vikran Paovarojkit

    Head of Special Advisory Banking Services

    • Tenure: 0yrs
  • Johannes Grisel (60yo)

    Chief Risk Officer

    • Tenure: 1.2yrs
  • Yongyoot Luangrattanamart

    Head of Investment Banking

    • Tenure: 0yrs
  • Varoon Kanjanapoo (52yo)

    Executive VP & Head of Compliance

    • Tenure: 3.7yrs
  • Suvannee Kam

    Head of Legal

    • Tenure: 0yrs
  • Jittrawadee Srivichit

    Head of Finance Business Partner - Retail

    • Tenure: 0yrs
  • Kositthanakorn Prapasiri (54yo)

    Chief Financial Officer

    • Tenure: 1.4yrs
  • Markus Dolenga

    Chief Operating Officer

    • Tenure: 0.3yrs

Board Members

  • Yokporn Tantisawetrat (64yo)

    Non Executive Director

    • Tenure: 4.3yrs
    • Compensation: ฿5.04m
  • Vaughn Richtor (64yo)

    Non Executive Director

    • Tenure: 11.8yrs
    • Compensation: ฿3.59m
  • Christopher King (75yo)

    Independent Director

    • Tenure: 15yrs
    • Compensation: ฿3.75m
  • Siripong Sombutsiri (64yo)

    Independent Director

    • Tenure: 4.4yrs
  • Philippe G. J. E. Damas (68yo)

    Non Executive Director

    • Tenure: 11.8yrs
    • Compensation: ฿6.53m
  • Prasong Poontaneat (59yo)

    Chairman

    • Tenure: 1.3yrs
    • Compensation: ฿2.27m
  • Piti Tantakasem (48yo)

    CEO & Director

    • Tenure: 1.7yrs
  • Singha Nikornpun (65yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: ฿3.84m
  • Chumpol Rimsakorn (59yo)

    Non Executive Director

    • Tenure: 2.4yrs
    • Compensation: ฿5.67m
  • Catherine Low (52yo)

    Non-Executive Director

    • Tenure: 1.4yrs

Company Information

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


Key Information

  • Name: TMB Bank Public Company Limited
  • Ticker: TMBB.Y
  • Exchange: OTCPK
  • Founded: 1957
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿68.409b
  • Listing Market Cap: ฿2.238b
  • Shares outstanding: 43.85b
  • Website: https://www.tmbbank.com

Number of Employees


Location

  • TMB Bank Public Company Limited
  • 3000 Phahonyothin Road
  • 2nd Floor
  • Bangkok
  • 10900
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TMLFDB (Deutsche Boerse AG)THB0.95(ALIEN MKT)DEEURJan 1992
TMB-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB0.95(ALIEN MKT)THTHBJan 1992
TMBSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 1992
NVPJDB (Deutsche Boerse AG)NON VTG DEP RCPT REP 1 ORD THB0.95DEEURAug 2001
TMB-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB0.95THTHBAug 2001
TMBB.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2011

Biography

TMB Bank Public Company Limited, together with its subsidiaries, provides various commercial banking products and services to personal, small and medium enterprises, and corporate customers in Thailand and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/05 00:19
End of Day Share Price2019/06/07 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.