OTCPK:TSCF.Y

Stock Analysis Report

TISCO Financial Group

Executive Summary

TISCO Financial Group Public Company Limited provides commercial banking products and services for individuals and businesses in Thailand.

Snowflake

Fundamentals

6 star dividend payer with excellent balance sheet.


Similar Companies

Share Price & News

How has TISCO Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

TSCF.Y

1.7%

US Banks

1.3%

US Market


1 Year Return

n/a

TSCF.Y

0.3%

US Banks

5.9%

US Market

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

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


Shareholder returns

TSCF.YIndustryMarket
7 Day0%1.7%1.3%
30 Day0.09%-2.4%-1.9%
90 Dayn/a1.0%-1.8%
1 Yearn/a3.2%0.3%8.3%5.9%
3 Yearn/a52.1%41.7%45.6%36.2%
5 Yearn/a69.8%51.4%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is TISCO Financial Group undervalued compared to its fair value and its price relative to the market?

35.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: TSCF.Y ($32.85) is trading below our estimate of fair value ($50.92)

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


Price To Earnings Ratio

PE vs Industry: TSCF.Y is good value based on its PE Ratio (11.7x) compared to the Banks industry average (12.5x).

PE vs Market: TSCF.Y is good value based on its PE Ratio (11.7x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: TSCF.Y is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: TSCF.Y is overvalued based on its PB Ratio (2.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is TISCO Financial Group forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TSCF.Y's forecast earnings growth (3.6% per year) is above the savings rate (2.7%).

Earnings vs Market: TSCF.Y's earnings (3.6% per year) are forecast to grow slower than the US market (14.4% per year).

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

Revenue vs Market: TSCF.Y's revenue (3.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: TSCF.Y'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: TSCF.Y's Return on Equity is forecast to be low in 3 years time (18.8%).


Next Steps

Past Performance

How has TISCO Financial Group performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TSCF.Y's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: TSCF.Y's earnings growth over the past year (2.5%) is below its 5-year average (12.9% per year).

Earnings vs Industry: TSCF.Y earnings growth over the past year (2.5%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: TSCF.Y's Return on Equity (19.3%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is TISCO Financial Group'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: TSCF.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: TSCF.Y's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: TSCF.Y has a high level of bad loans (3.18%)


Next Steps

Dividend

What is TISCO Financial Group's current dividend yield, its reliability and sustainability?

7.00%

Current Dividend Yield


Dividend Yield vs Market

company7.0%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Years7.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TSCF.Y's dividend (7%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: TSCF.Y's dividend (7%) is in the top 25% of dividend payers in the US market (3.77%)

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

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.7%), TSCF.Y's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TSCF.Y's dividends in 3 years are forecast to be covered by earnings (72.7% payout ratio).


Next Steps

Management

What is the CEO of TISCO Financial Group's salary, the management and board of directors tenure and is there insider trading?

7.0yrs

Average management tenure


CEO

Suthas Ruangmanamongkol (58yo)

2.8yrs

Tenure

฿600,000

Compensation

Mr. Suthas Ruangmanamongkol has been Group Chief Executive at TISCO Financial Group PCL since January 2017. Mr. Ruangmanamongkol was Chief Operating Officer of TISCO Financial Group Public Company Limited  ...


Management Age and Tenure

7.0yrs

Average Tenure

55yo

Average Age

Experienced Management: TSCF.Y's management team is seasoned and experienced (7 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

60.5yo

Average Age

Experienced Board: TSCF.Y's board of directors are considered experienced (9.5 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

  • Chutintorn Vigasi (55yo)

    Head of Corporate Accounting

    • Tenure: 10.8yrs
  • Dulyarat Taveebhol (62yo)

    Head of Corporate Compliance

    • Tenure: 6.3yrs
  • Nartrudee Siwabut (58yo)

    Head of Corporate Communications

    • Tenure: 10.8yrs
  • Suthas Ruangmanamongkol (58yo)

    Group CEO

    • Tenure: 2.8yrs
    • Compensation: ฿600.00k
  • Sakchai Peechapat (52yo)

    President

    • Tenure: 0yrs
  • Chatri Chandrangam (49yo)

    First Executive VP of Risk & Financial Control and Acting Head of Investment

    • Tenure: 0yrs
  • Nudtinee Suwanpanitch (45yo)

    Head of Legal Office

    • Tenure: 9.8yrs
  • Howard Sun (42yo)

    Member of Executive Board & Executive Director

    • Tenure: 8.3yrs
    • Compensation: ฿1.47m
  • Thirapatou Sihanartkatakul

    IR Expert

    • Tenure: 0yrs
  • Satoshi Yoshitake (58yo)

    Member of Executive Board & Executive Director

    • Tenure: 0yrs

Board Members

  • Pliu Mangkornkanok (71yo)

    Independent Chairman of the Board

    • Tenure: 9.3yrs
    • Compensation: ฿3.08m
  • Krisna Theravuthi (69yo)

    Advisor to Board of Directors

    • Tenure: 6.3yrs
    • Compensation: ฿480.00k
  • Suthas Ruangmanamongkol (58yo)

    Group CEO

    • Tenure: 2.8yrs
    • Compensation: ฿600.00k
  • Sakchai Peechapat (52yo)

    President

    • Tenure: 0yrs
  • Angkarat Priebjrivat (64yo)

    Independent Director

    • Tenure: 11.1yrs
    • Compensation: ฿1.62m
  • Pranee Tinakorn (70yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: ฿1.26m
  • Alexander Shing (42yo)

    Vice Chairman of the Board

    • Tenure: 9.8yrs
    • Compensation: ฿1.14m
  • Howard Sun (42yo)

    Member of Executive Board & Executive Director

    • Tenure: 8.3yrs
    • Compensation: ฿1.47m
  • Teerana Bhongmakapat (63yo)

    Non-Executive Director

    • Tenure: 6.4yrs
    • Compensation: ฿1.09m
  • Satoshi Yoshitake (58yo)

    Member of Executive Board & Executive Director

    • Tenure: 0yrs

Company Information

TISCO Financial Group Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TISCO Financial Group Public Company Limited
  • Ticker: TSCF.Y
  • Exchange: OTCPK
  • Founded: 1969
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿80.066b
  • Listing Market Cap: ฿2.631b
  • Shares outstanding: 800.66m
  • Website: https://www.tisco.co.th

Number of Employees


Location

  • TISCO Financial Group Public Company Limited
  • 48/49 TISCO Tower
  • 21st Floor
  • Bangkok
  • 10500
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TISCO-RSET (The Stock Exchange of Thailand)THB10(NVDR)THTHBJan 2009
TISCOSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJan 2009
47TADB (Deutsche Boerse AG)THB10(NVDR)DEEURJan 2009
TISCO-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB10(ALIEN MARKET)THTHBJan 2009
47TDB (Deutsche Boerse AG)THB10(ALIEN MARKET)DEEURJan 2009
TSCF.YOTCPK (Pink Sheets LLC)ADRUSUSDAug 2012

Biography

TISCO Financial Group Public Company Limited provides commercial banking products and services for individuals and businesses in Thailand. It operates through Commercial Banking Business, Securities Busine ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:12
End of Day Share Price2019/09/25 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.