OTCPK:BECV.Y

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

BEC World Public Company Limited, together with its subsidiaries, engages in the entertainment and recreation activities in Thailand and the Republic of the Union of Myanmar.


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.

Share Price & News

How has BEC World's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BECV.Y's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

36.6%

BECV.Y

3.6%

US Media

2.7%

US Market


1 Year Return

-35.6%

BECV.Y

-1.6%

US Media

9.1%

US Market

Return vs Industry: BECV.Y underperformed the US Media industry which returned -1.6% over the past year.

Return vs Market: BECV.Y underperformed the US Market which returned 9.1% over the past year.


Shareholder returns

BECV.YIndustryMarket
7 Day36.6%3.6%2.7%
30 Day36.6%5.8%4.5%
90 Dayn/a-2.6%2.3%
1 Year-35.6%-35.6%-0.2%-1.6%11.5%9.1%
3 Yearn/a-2.7%-6.5%30.6%22.0%
5 Year-84.5%-85.7%17.7%8.5%57.2%39.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is BEC World undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BECV.Y ($1.83) is trading below our estimate of fair value ($14.6)

Significantly Below Fair Value: BECV.Y is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BECV.Y is unprofitable, so we can't compare its PE Ratio to the Media industry average.

PE vs Market: BECV.Y is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BECV.Y's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BECV.Y is overvalued based on its PB Ratio (1.6x) compared to the US Media industry average (1.2x).


Next Steps

Future Growth

How is BEC World forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

92.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BECV.Y is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: BECV.Y is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BECV.Y's is expected to become profitable in the next 3 years.

Revenue vs Market: BECV.Y's revenue (4.1% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: BECV.Y's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BECV.Y's Return on Equity is forecast to be low in 3 years time (2.6%).


Next Steps

Past Performance

How has BEC World performed over the past 5 years?

-72.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BECV.Y is currently unprofitable.

Growing Profit Margin: BECV.Y is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BECV.Y is unprofitable, and losses have increased over the past 5 years at a rate of -72.2% per year.

Accelerating Growth: Unable to compare BECV.Y's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BECV.Y is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (6.8%).


Return on Equity

High ROE: BECV.Y has a negative Return on Equity (-11.71%), as it is currently unprofitable.


Next Steps

Financial Health

How is BEC World's financial position?


Financial Position Analysis

Short Term Liabilities: BECV.Y's short term assets (฿4.4B) exceed its short term liabilities (฿2.1B).

Long Term Liabilities: BECV.Y's short term assets (฿4.4B) exceed its long term liabilities (฿3.7B).


Debt to Equity History and Analysis

Debt Level: BECV.Y's debt to equity ratio (61.9%) is considered high.

Reducing Debt: BECV.Y's debt to equity ratio has increased from 2.2% to 61.9% over the past 5 years.

Debt Coverage: BECV.Y's debt is well covered by operating cash flow (75.1%).

Interest Coverage: Insufficient data to determine if BECV.Y's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is BEC World's current dividend yield, its reliability and sustainability?

1.17%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BECV.Y's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BECV.Y's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BECV.Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BECV.Y's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BECV.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BECV.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

BEC World has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Ariya Banomyong
President & Director1yr฿1.13mno data
Ratchanee Nipatakusol
Senior VP of Marketing & Sale Division and Executive Director24.5yrs฿1.57m10.9% ฿28.9m
Ratana Maleenont
Executive Director24.5yrs฿1.65m8.98% ฿23.8m
Amphorn Maleenont
Executive Director24.5yrs฿1.57m6.46% ฿17.1m
Piriyadit Choophungart
VP and Executive VP of Finance & Accounting2.33yrsno datano data
Pravit Maleenont
Senior Executive Vice President of Television Business Division and Member of the Executive Boardno data฿737.00kno data
Nopphadol Khemayotin
VP & Executive VP of Investment3yrsno datano data
Khuntong Chalapati
Vice President of Administration Department5.08yrsno datano data
Nathrapong Phisitphadhrikul
Chief Compliance Officer & Head of Internal Audit Officeno datano datano data
Somrak Narongwichai
VP & Executive VP of Production2.58yrsno datano data

2.5yrs

Average Tenure

57yo

Average Age

Experienced Management: BECV.Y's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ariya Banomyong
President & Director1yr฿1.13mno data
Ratchanee Nipatakusol
Senior VP of Marketing & Sale Division and Executive Director24.5yrs฿1.57m10.9% ฿28.9m
Ratana Maleenont
Executive Director24.5yrs฿1.65m8.98% ฿23.8m
Amphorn Maleenont
Executive Director24.5yrs฿1.57m6.46% ฿17.1m
Prathan Rangsimaporn
Independent Director24.5yrs฿1.90mno data
Nipa Maleenont
Non-Executive Director24.5yrs฿1.53m6.46% ฿17.1m
Manit Boonprakob
Independent Director20.42yrs฿1.41mno data
Somchai Boonnamsiri
Independent Chairman3.17yrs฿2.76mno data
Matthew Kichodhan
Non-Executive Director13.08yrs฿1.65mno data
Somprasong Boonyachai
Non-Executive Director3.33yrs฿1.63mno data

22.5yrs

Average Tenure

64yo

Average Age

Experienced Board: BECV.Y's board of directors are seasoned and experienced ( 22.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BEC World Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BEC World Public Company Limited
  • Ticker: BECV.Y
  • Exchange: OTCPK
  • Founded:
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: ฿8.440b
  • Listing Market Cap: ฿265.250m
  • Shares outstanding: 2.00b
  • Website: https://www.becworld.com

Location

  • BEC World Public Company Limited
  • Maleenont Tower
  • B1, G, 2nd, 3rd, 8th, 9th - 10th, and 30th - 34th Floors
  • Bangkok
  • 10110
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BECSET (The Stock Exchange of Thailand)YesCommon StockTHTHBJul 1996
BEC-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1(ALIEN MARKET)THTHBJul 1996
BEC-RSET (The Stock Exchange of Thailand)THB1(NVDR)THTHBJun 2001
BECV.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 2011

Biography

BEC World Public Company Limited, together with its subsidiaries, engages in the entertainment and recreation activities in Thailand and the Republic of the Union of Myanmar. The company operates television (TV) and radio stations; provides and produces TV, radio, and news programs; sells air time for advertising; services studio equipment; and owns and leases various assets. It also provides information technology and satellite uplink-downlink services; produces and promotes music for organizing concert; and produces pictures and plays. In addition, the company engages in the digital media and TV, and foreign artist concert businesses; public relations and entertainment activities; and advertising business. Further, it sells music and program products; and provides shows and bus tickets sale and reservation services, as well as sport activities management and services. Additionally, the company is involved in the retail of computer accessories and maintenance services; and provision of Internet services. BEC World Public Company Limited is based in Bangkok, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 05:19
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.