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Thai Wire Products

BST:T99A
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T99A
BST
฿643M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Thai Wire Products Public Company Limited manufactures and sells prestessed concrete wires for use in various construction works in Thailand and internationally. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
  • Thai Wire Products has significant price volatility in the past 3 months.
T99A Share Price and Events
7 Day Returns
13%
BST:T99A
1.2%
DE Building
0.8%
DE Market
1 Year Returns
-37.2%
BST:T99A
6.1%
DE Building
9%
DE Market
T99A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thai Wire Products (T99A) 13% 3.7% -5.7% -37.2% -54.1% -71.6%
DE Building 1.2% 5.3% 6.4% 6.1% 10.5% 55.5%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • T99A underperformed the Building industry which returned 6.1% over the past year.
  • T99A underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
T99A
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Thai Wire Products's competitors could be found in our database.

Value

 Is Thai Wire Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Thai Wire Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thai Wire Products.

BST:T99A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in THB ฿ .280000
Payout Ratio Company Filings (2019-09-30) 5945.2%
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:T99A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 20%) (34.63%))
1.414
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.414 * 5.96%)
8.65%

Discounted Cash Flow Calculation for BST:T99A using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Thai Wire Products is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:T99A Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ฿0.28 / (8.65% - 0.23%)
฿0
BST:T99A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:T99A represents 0.02374x of SET:TWP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02374x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 3.32 x 0.02374
€0.08
Value per share (EUR) From above. €0.08
Current discount Discount to share price of €0.06
= -1 x (€0.06 - €0.08) / €0.08
28.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Thai Wire Products is available for.
Intrinsic value
28%
Share price is €0.0565 vs Future cash flow value of €0.0789
Current Discount Checks
For Thai Wire Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thai Wire Products's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thai Wire Products's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thai Wire Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thai Wire Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:T99A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in THB ฿0.12
SET:TWP Share Price ** SET (2019-11-12) in THB ฿2.38
Germany Building Industry PE Ratio Median Figure of 6 Publicly-Listed Building Companies 18.12x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thai Wire Products.

BST:T99A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:TWP Share Price ÷ EPS (both in THB)

= 2.38 ÷ 0.12

20.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thai Wire Products is overvalued based on earnings compared to the DE Building industry average.
  • Thai Wire Products is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Thai Wire Products's expected growth come at a high price?
Raw Data
BST:T99A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
24.4%per year
Europe Building Industry PEG Ratio Median Figure of 31 Publicly-Listed Building Companies 1.31x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Thai Wire Products, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thai Wire Products's assets?
Raw Data
BST:T99A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in THB ฿5.72
SET:TWP Share Price * SET (2019-11-12) in THB ฿2.38
Germany Building Industry PB Ratio Median Figure of 8 Publicly-Listed Building Companies 1.34x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
BST:T99A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:TWP Share Price ÷ Book Value per Share (both in THB)

= 2.38 ÷ 5.72

0.42x

* Primary Listing of Thai Wire Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thai Wire Products is good value based on assets compared to the DE Building industry average.
X
Value checks
We assess Thai Wire Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Thai Wire Products has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Thai Wire Products expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Thai Wire Products, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thai Wire Products expected to grow at an attractive rate?
  • Thai Wire Products's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Thai Wire Products's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Thai Wire Products's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:T99A Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:T99A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 24.4%
Germany Building Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Europe Building Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:T99A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:T99A Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-09-30 2,089 -29 31
2019-06-30 2,254 -29 53
2019-03-31 2,405 133 64
2018-12-31 2,398 52 49
2018-09-30 2,352 -91 69
2018-06-30 2,128 -124 49
2018-03-31 1,976 -181 59
2017-12-31 1,865 -161 81
2017-09-30 1,749 -84 17
2017-06-30 1,591 47 32
2017-03-31 1,575 44 66
2016-12-31 1,504 54 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thai Wire Products's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Thai Wire Products is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:T99A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Thai Wire Products Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:T99A Past Financials Data
Date (Data in THB Millions) EPS *
2019-09-30 0.12
2019-06-30 0.20
2019-03-31 0.24
2018-12-31 0.18
2018-09-30 0.26
2018-06-30 0.18
2018-03-31 0.22
2017-12-31 0.30
2017-09-30 0.06
2017-06-30 0.12
2017-03-31 0.25
2016-12-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Thai Wire Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Thai Wire Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thai Wire Products has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Thai Wire Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thai Wire Products's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thai Wire Products's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Thai Wire Products's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Thai Wire Products's 1-year earnings growth is negative, it can't be compared to the DE Building industry average.
Earnings and Revenue History
Thai Wire Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thai Wire Products Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:T99A Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,088.51 31.14 148.61
2019-06-30 2,253.78 52.67 135.21
2019-03-31 2,404.69 64.46 145.43
2018-12-31 2,397.55 48.99 184.70
2018-09-30 2,352.21 69.00 187.37
2018-06-30 2,128.35 49.14 196.08
2018-03-31 1,975.77 59.27 177.94
2017-12-31 1,865.17 80.57 142.81
2017-09-30 1,749.07 16.78 142.62
2017-06-30 1,591.27 31.62 146.90
2017-03-31 1,574.69 66.21 155.55
2016-12-31 1,503.88 32.92 151.04
2016-09-30 1,533.27 67.36 155.20
2016-06-30 1,594.52 61.66 151.30
2016-03-31 1,587.02 29.90 142.12
2015-12-31 1,696.04 60.28 144.37
2015-09-30 1,729.99 240.57 134.86
2015-06-30 1,759.25 262.93 135.86
2015-03-31 1,821.35 288.60 141.84
2014-12-31 1,844.30 320.43 146.62
2014-09-30 1,904.62 191.10 148.28
2014-06-30 1,945.55 202.03 149.87
2014-03-31 1,914.75 225.32 147.67
2013-12-31 1,843.07 214.87 143.64
2013-09-30 1,766.30 207.30 139.63
2013-06-30 1,701.64 179.75 142.39
2013-03-31 1,699.30 142.64 134.68
2012-12-31 1,715.49 83.30 130.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Thai Wire Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thai Wire Products used its assets less efficiently than the DE Building industry average last year based on Return on Assets.
  • It is difficult to establish if Thai Wire Products improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Thai Wire Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thai Wire Products has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Thai Wire Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thai Wire Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thai Wire Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thai Wire Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thai Wire Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Thai Wire Products Company Filings, last reported 1 month ago.

BST:T99A Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,543.72 222.55 46.12
2019-06-30 1,537.43 142.23 41.83
2019-03-31 1,648.10 0.00 80.82
2018-12-31 1,614.17 80.27 32.67
2018-09-30 1,609.58 147.16 33.16
2018-06-30 1,574.06 65.83 30.62
2018-03-31 1,616.55 98.82 61.79
2017-12-31 1,606.23 219.29 94.94
2017-09-30 1,579.78 92.25 35.02
2017-06-30 1,567.76 0.00 62.60
2017-03-31 1,577.10 0.00 99.13
2016-12-31 1,542.97 0.00 87.99
2016-09-30 1,578.05 0.00 144.78
2016-06-30 1,551.75 0.00 151.07
2016-03-31 1,540.51 0.00 209.25
2015-12-31 1,536.77 0.00 190.27
2015-09-30 1,541.88 0.00 154.19
2015-06-30 1,523.67 0.00 89.87
2015-03-31 1,539.24 0.00 114.56
2014-12-31 1,510.11 15.00 28.51
2014-09-30 1,338.65 232.38 10.35
2014-06-30 1,291.72 249.44 29.98
2014-03-31 1,246.71 294.31 22.65
2013-12-31 1,178.24 304.98 27.71
2013-09-30 1,130.12 330.08 22.28
2013-06-30 1,079.43 312.78 16.26
2013-03-31 1,014.78 400.25 24.06
2012-12-31 956.35 400.27 26.87
  • Thai Wire Products's level of debt (14.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (17.2% vs 14.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Thai Wire Products's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Thai Wire Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thai Wire Products has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Thai Wire Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.76%
Current annual income from Thai Wire Products dividends.
If you bought €2,000 of Thai Wire Products shares you are expected to receive €235 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Thai Wire Products's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Thai Wire Products's dividend is above the markets top 25% of dividend payers in Germany (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:T99A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Building Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:T99A Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-08-14 0.280 11.248
2019-04-04 0.280 8.130
2019-02-27 0.219 5.745
2018-05-09 0.142 3.562
2018-02-22 0.142 3.238
2017-05-12 0.060 1.279
2017-02-24 0.060 1.218
2016-02-24 0.110 2.330
2015-02-26 0.100 2.072

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thai Wire Products has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Thai Wire Products only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Thai Wire Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Thai Wire Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thai Wire Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thai Wire Products has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Thai Wire Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Akamin Nganthavee
AGE 37
TENURE AS CEO 2.7 years
CEO Bio

Mr. Akamin Nganthavee has been the Managing Director of Thai Wire Products Public Company Limited since March 6, 2017 and serves its Chief Executive Officer. Mr. Nganthavee served as the Executive Chairman at Circuit Electronic Industries Public Co. Ltd. and served as its Director since June 16, 2011. Mr. Nganthavee serves as a Director at Thai Wire Products Public Company Limited. He served as a Director of Southern Concrete Pile Public Co. Ltd since April 29, 2008 until August 11, 2017.

CEO Compensation
  • Insufficient data for Akamin to compare compensation growth.
  • Insufficient data for Akamin to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Thai Wire Products management team in years:

0.8
Average Tenure
  • The average tenure for the Thai Wire Products management team is less than 2 years, this suggests a new team.
Management Team

Akamin Nganthavee

TITLE
CEO, MD & Director
AGE
37
TENURE
2.7 yrs

Suwit Apichaidit

TITLE
Accounting & Finance Manager
TENURE
0.8 yrs

Suchart Keophaithool

TITLE
Senior Marketing Manager

Chatchai Siriwatana

TITLE
company Secretary & Director
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Thai Wire Products board of directors in years:

0.8
Average Tenure
  • The average tenure for the Thai Wire Products board of directors is less than 3 years, this suggests a new board.
Board of Directors

Suri Buakhom

TITLE
Chairman of the Board
AGE
75
TENURE
9.8 yrs

Akamin Nganthavee

TITLE
CEO, MD & Director
AGE
37

Chatchai Siriwatana

TITLE
company Secretary & Director

Chalit Satidthong

TITLE
Independent Director
TENURE
0.8 yrs

Suwat Chittamai

TITLE
Director
TENURE
0.8 yrs

Phanthum Phanthumchinda

TITLE
Independent Director

Tanapong Bhukaswan

TITLE
Director

Sorarat Nganthavee

TITLE
Director

Chalio Ponwises

TITLE
Independent Director
TENURE
0.8 yrs

Pradit Vutdhipapornkul

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Thai Wire Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thai Wire Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Thai Wire Products Public Company Limited manufactures and sells prestessed concrete wires for use in various construction works in Thailand and internationally. Its products primary include prestressed concrete single wires, seven-wire prestressed concrete strands, and steel wires. The company also produces galvanized steel wire and strand, which are used in communication systems and in electricity transmission and distribution systems. The company was founded in 1985 and is headquartered in Pathum Thani, Thailand.

Details
Name: Thai Wire Products Public Company Limited
T99A
Exchange: BST
Founded: 1985
฿19,319,667
270,000,000
Website: http://www.thaiwireproducts.com
Address: Thai Wire Products Public Company Limited
Zeer Street Building,
7th Floor,
Pathum Thani,
12130,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET TWP Ordinary Shares The Stock Exchange of Thailand TH THB 02. Jan 1992
BST T99A THB1(ALIEN) Boerse-Stuttgart DE EUR 02. Jan 1992
SET TWP-R NON VTG DEP RCPT REP 1 ORD THB10 The Stock Exchange of Thailand TH THB 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Thai Wire Products employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 21:06
End of day share price update: 2019/11/12 00:00
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.