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Trinity Watthana

BST:7TWN
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7TWN
BST
฿614M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Trinity Watthana Public Company Limited, through its subsidiaries, engages in the securities business in Thailand. The last earnings update was 32 days ago. More info.


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  • Trinity Watthana has significant price volatility in the past 3 months.
7TWN Share Price and Events
7 Day Returns
4.2%
BST:7TWN
15%
DE Capital Markets
9.9%
DE Market
1 Year Returns
-44.9%
BST:7TWN
-6.8%
DE Capital Markets
-17.5%
DE Market
7TWN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trinity Watthana (7TWN) 4.2% -18% -27.9% -44.9% -57.9% -57.1%
DE Capital Markets 15% -18.3% -13.9% -6.8% -25.4% -54.7%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 7TWN underperformed the Capital Markets industry which returned -6.8% over the past year.
  • 7TWN underperformed the Market in Germany which returned -17.5% over the past year.

7TWN Value

 Is Trinity Watthana 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 Trinity Watthana 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 Trinity Watthana.

BST:7TWN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ฿7.83 * 3.5%
฿0.28
Book Value of Equity per Share Median Book Value from the past 5 years. ฿7.83
Discount Rate (Cost of Equity) See below 14.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:7TWN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 20%) (394.9%))
2.438
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 7.46%)
14.53%

Discounted Cash Flow Calculation for BST:7TWN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Trinity Watthana is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:7TWN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.5% – 14.53%) * ฿7.83)
฿-0.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ฿-0.86 / (14.53% - -0.39%)
฿-5.77
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ฿7.83 + ฿-5.77
฿2.07
BST:7TWN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:7TWN represents 0.02435x of SET:TNITY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02435x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 2.07 x 0.02435
€0.05
Value per share (EUR) From above. €0.05
Current discount Discount to share price of €0.08
= -1 x (€0.08 - €0.05) / €0.05
-49.1%

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

  • The current share price of Trinity Watthana is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Trinity Watthana's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trinity Watthana's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:7TWN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.47
SET:TNITY Share Price ** SET (2020-03-31) in THB ฿3.08
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.26x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Trinity Watthana.

BST:7TWN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 3.08 ÷ 0.47

6.51x

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

  • Trinity Watthana is good value based on earnings compared to the DE Capital Markets industry average.
  • Trinity Watthana is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Trinity Watthana's expected growth come at a high price?
Raw Data
BST:7TWN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.62x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*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 Trinity Watthana, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trinity Watthana's assets?
Raw Data
BST:7TWN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿7.92
SET:TNITY Share Price * SET (2020-03-31) in THB ฿3.08
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.56x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
BST:7TWN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.08 ÷ 7.92

0.39x

* Primary Listing of Trinity Watthana.

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

  • Trinity Watthana is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Trinity Watthana'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Trinity Watthana has a total score of 3/6, 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.

7TWN Future Performance

 How is Trinity Watthana expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Trinity Watthana has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
38.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trinity Watthana expected to grow at an attractive rate?
  • Unable to compare Trinity Watthana's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Trinity Watthana's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Trinity Watthana's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:7TWN Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 38.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:7TWN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:7TWN Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 610 -137 94
2019-09-30 490 -181 45
2019-06-30 529 -402 52
2019-03-31 515 3 45
2018-12-31 581 20 68
2018-09-30 579 864 91
2018-06-30 596 701 99
2018-03-31 593 1,035 20
2017-12-31 591 344 28
2017-09-30 629 216 33
2017-06-30 676 449 55
2017-03-31 726 -586 158

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Trinity Watthana is high growth as no earnings estimate data is available.
  • Unable to determine if Trinity Watthana 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:7TWN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Trinity Watthana Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:7TWN Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.47
2019-09-30 0.22
2019-06-30 0.26
2019-03-31 0.23
2018-12-31 0.34
2018-09-30 0.46
2018-06-30 0.50
2018-03-31 0.10
2017-12-31 0.14
2017-09-30 0.17
2017-06-30 0.28
2017-03-31 0.80

*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 Trinity Watthana will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Trinity Watthana is trading at Trinity Watthana'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Trinity Watthana's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Trinity Watthana's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Trinity Watthana'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 Germany 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.
Trinity Watthana has a total score of 0/6, 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.

7TWN Past Performance

  How has Trinity Watthana 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 Trinity Watthana's growth in the last year to its industry (Capital Markets).
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.
  • Trinity Watthana's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Trinity Watthana's 1-year earnings growth exceeds its 5-year average (38.4% vs -29.9%)
  • Trinity Watthana's earnings growth has exceeded the DE Capital Markets industry average in the past year (38.4% vs 5.7%).
Earnings and Revenue History
Trinity Watthana'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 Trinity Watthana Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:7TWN Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 609.70 94.22 324.46
2019-09-30 490.11 44.66 284.17
2019-06-30 528.79 51.84 313.92
2019-03-31 514.60 45.45 305.66
2018-12-31 581.01 68.10 334.77
2018-09-30 579.38 91.34 304.12
2018-06-30 595.96 98.74 310.80
2018-03-31 592.50 20.29 323.50
2017-12-31 591.22 28.07 316.35
2017-09-30 628.71 33.48 345.26
2017-06-30 676.17 55.05 358.58
2017-03-31 725.63 158.27 361.33
2016-12-31 728.92 159.56 357.53
2016-09-30 691.00 147.44 352.89
2016-06-30 666.39 144.21 353.38
2016-03-31 636.42 129.79 358.38
2015-12-31 674.94 146.10 390.37
2015-09-30 734.69 180.44 440.03
2015-06-30 799.31 204.14 453.07
2015-03-31 854.30 220.91 462.58
2014-12-31 792.93 191.72 438.94
2014-09-30 701.03 127.22 389.47
2014-06-30 689.87 131.41 381.91
2014-03-31 610.93 62.71 395.45
2013-12-31 803.49 137.91 482.62
2013-09-30 880.31 172.06 512.79
2013-06-30 822.77 138.90 503.52

*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.
  • Trinity Watthana has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Trinity Watthana used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Trinity Watthana improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Trinity Watthana'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 Capital Markets 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.
Trinity Watthana has a total score of 3/6, 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.

7TWN Health

 How is Trinity Watthana'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 Trinity Watthana's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trinity Watthana is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trinity Watthana's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Trinity Watthana'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x 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 Trinity Watthana Company Filings, last reported 3 months ago.

BST:7TWN Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,576.93 2,418.35 425.50
2019-09-30 1,515.22 2,171.41 173.37
2019-06-30 1,527.72 2,307.22 143.71
2019-03-31 1,559.55 2,016.74 120.84
2018-12-31 1,552.16 2,081.00 361.01
2018-09-30 1,539.25 1,557.10 85.84
2018-06-30 1,541.64 1,438.42 36.14
2018-03-31 1,617.65 1,584.86 55.60
2017-12-31 1,604.21 1,776.96 364.80
2017-09-30 1,547.91 2,129.09 160.47
2017-06-30 1,530.57 1,832.86 84.38
2017-03-31 1,638.96 2,336.15 63.22
2016-12-31 1,600.08 2,010.91 299.32
2016-09-30 1,549.33 2,616.89 326.05
2016-06-30 1,561.90 2,372.68 123.52
2016-03-31 1,597.15 1,932.82 87.86
2015-12-31 1,566.53 1,833.12 215.10
2015-09-30 1,533.14 2,559.87 176.32
2015-06-30 1,553.47 1,622.65 69.04
2015-03-31 1,549.47 1,803.59 44.40
2014-12-31 1,505.02 1,641.10 143.85
2014-09-30 1,450.84 1,535.42 56.21
2014-06-30 1,439.95 1,897.23 29.34
2014-03-31 1,436.07 923.70 80.25
2013-12-31 1,434.20 1,355.35 523.68
2013-09-30 1,425.72 987.63 211.28
2013-06-30 1,409.14 1,040.09 81.85
  • Trinity Watthana's level of debt (153.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (109.1% vs 153.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Trinity Watthana's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Trinity Watthana'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. Trinity Watthana has a total score of 2/6, 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.

7TWN Dividends

 What is Trinity Watthana'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
14.29%
Current annual income from Trinity Watthana dividends.
If you bought €2,000 of Trinity Watthana shares you are expected to receive €286 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?
  • Trinity Watthana's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Trinity Watthana's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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:7TWN 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

BST:7TWN Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.440 12.918
2019-02-27 0.400 9.275
2018-11-09 0.240 4.245
2018-08-14 0.240 4.033
2018-02-27 0.450 7.492
2017-04-21 0.650 9.598
2016-02-24 0.600 8.822
2015-02-27 0.124 1.930
2014-11-11 0.444 6.760
2014-08-07 0.444 6.997
2014-02-25 0.533 8.779
2013-08-09 0.667 10.767
2013-03-01 0.507 5.360
2012-02-23 0.311 6.876
2011-11-11 0.178 4.115
2011-08-11 0.178 4.926
2011-04-22 0.196 4.829
2011-02-23 0.196 5.691
2010-02-26 0.000 0.000
2009-11-13 0.000 0.000
2009-08-14 0.000 0.000
2009-05-15 0.000 0.000

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

  • Trinity Watthana 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 Trinity Watthana only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Trinity Watthana's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x 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 Trinity Watthana's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Trinity Watthana afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trinity Watthana 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.

7TWN Management

 What is the CEO of Trinity Watthana'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
Charnchai Kongthongluck
COMPENSATION ฿540,000
AGE 59
TENURE AS CEO 3.3 years
CEO Bio

Mr. Charnchai Kongthongluck has been the Chief Executive Officer of Trinity Watthana Public Company Limited since December 7, 2016. Mr. Kongthongluck serves as the President of Trinity Securities Company Limited at Trinity Watthana Public Company Limited. He served as a Managing Director of Trinity Securities Company Limited at Trinity Watthana Public Company Limited since 2001. He serves as Vice Chairman and Executive Director of Association of Thai Securities Companies. Mr. Kongthongluck has been an Executive Director of Trinity Watthana Public Co. Ltd since December 24, 2009. Mr. Kongthongluck has been an Executive Director of Trinity Securities Company Limited since 2011. He served as a Vice Chairman at The Stock Exchange of Thailand since June 221, 2016 until May 28, 2017 and Member of the Board of Governors since May 28, 2013 until May 28, 2017. He holds an MBA in Accounting from Thammasat University and Certificate of Capital Market Academy (CMA).

CEO Compensation
  • Charnchai's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Charnchai's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Trinity Watthana management team in years:

13.2
Average Tenure
56.5
Average Age
  • The average tenure for the Trinity Watthana management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Pakhawat Kovithvathanaphong

TITLE
Chairman of the Board
COMPENSATION
฿1M
AGE
70

Charnchai Kongthongluck

TITLE
CEO & Executive Director
COMPENSATION
฿540K
AGE
59
TENURE
3.3 yrs

Visit Ongpipattanakul

TITLE
Executive Director
COMPENSATION
฿540K
AGE
56

Chitchai Jamkomai

TITLE
Executive of Internal Audit & Compliance Department
TENURE
13.2 yrs

Suwannee Limpanavongsaen

TITLE
Company Secretary
AGE
54
TENURE
12.2 yrs

Kaewkamol Tantixalerm

TITLE
Deputy Managing Director of Wealth Management of Trinity Securities Company Limited
AGE
57
TENURE
14.7 yrs

Woravit Sinyoo

TITLE
Deputy MD of Trinity Securities Co. Ltd & Financial Consultant of Trinity Securities Co. Ltd
AGE
55
TENURE
16.2 yrs
Board of Directors Tenure

Average tenure and age of the Trinity Watthana board of directors in years:

9.2
Average Tenure
67
Average Age
  • The tenure for the Trinity Watthana board of directors is about average.
Board of Directors

Pakhawat Kovithvathanaphong

TITLE
Chairman of the Board
COMPENSATION
฿1M
AGE
70
TENURE
3.3 yrs

Charnchai Kongthongluck

TITLE
CEO & Executive Director
COMPENSATION
฿540K
AGE
59

Visit Ongpipattanakul

TITLE
Executive Director
COMPENSATION
฿540K
AGE
56
TENURE
9.2 yrs

Abhichart Arbhabhirama

TITLE
Independent Director
COMPENSATION
฿1M
AGE
73
TENURE
15.4 yrs

Panja Senadisai

TITLE
Independent Director
COMPENSATION
฿840K
AGE
71
TENURE
18.2 yrs

Kampanart Lohacharoenvanich

TITLE
Independent Director
COMPENSATION
฿840K
AGE
68
TENURE
15.4 yrs

Pairote Varophas

TITLE
Independent Director
COMPENSATION
฿840K
AGE
67
TENURE
18.2 yrs

Nitipon Chaisakulchai

TITLE
Director
COMPENSATION
฿780K
AGE
55
TENURE
4.7 yrs

Worata Kongseanitsara

TITLE
Non-Executive Director
COMPENSATION
฿540K
AGE
54
TENURE
4.7 yrs

Sorayouth Prompoj

TITLE
Independent Director
COMPENSATION
฿50K
TENURE
1.4 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 Trinity Watthana'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. Trinity Watthana 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.

7TWN News

Simply Wall St News

7TWN Company Info

Description

Trinity Watthana Public Company Limited, through its subsidiaries, engages in the securities business in Thailand. It operates through two segments, Securities and Derivatives Business, and Financial Advisory Business and Investment Banking. The company is involved in the securities brokerage, trading, underwriting, and borrowing and lending activities. It also provides investment advisory, private fund asset management, and financial advisory services, as well as acts as derivatives agent. In addition, the company offers investment banking, wealth management, and research services. As of December 31, 2018, it had seven branches. Trinity Watthana Public Company Limited was incorporated in 2001 and is based in Bangkok, Thailand.

Details
Name: Trinity Watthana Public Company Limited
7TWN
Exchange: BST
Founded: 2001
฿17,065,164
199,188,966
Website: http://www.trinitythai.com
Address: Trinity Watthana Public Company Limited
Bangkok City Tower,
26th Floor,
Bangkok,
10120,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET TNITY Ordinary Shares The Stock Exchange of Thailand TH THB 18. Dec 2002
SET TNITY-R THB5 (NVDR) The Stock Exchange of Thailand TH THB 18. Dec 2002
BST 7TWN THB5 (NVDR) Boerse-Stuttgart DE EUR 18. Dec 2002
Number of employees
Current staff
Staff numbers
0
Trinity Watthana employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:59
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.