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AEON Thana Sinsap (Thailand)

BST:AE3
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AE3
BST
฿52B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

AEON Thana Sinsap (Thailand) Public Company Limited provides various retail finance services in Thailand. The last earnings update was 42 days ago. More info.


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AE3 Share Price and Events
7 Day Returns
-1.6%
BST:AE3
-1.2%
Europe Consumer Finance
0%
DE Market
1 Year Returns
25.7%
BST:AE3
-22.6%
Europe Consumer Finance
9.9%
DE Market
AE3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AEON Thana Sinsap (Thailand) (AE3) -1.6% 4.1% -2.3% 25.7% 135% 143.7%
Europe Consumer Finance -1.2% 0.9% -1.2% -22.6% -45.5% -35.6%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • AE3 outperformed the Consumer Finance industry which returned -22.6% over the past year.
  • AE3 outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
AE3
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AEON Thana Sinsap (Thailand)'s competitors could be found in our database.

Value

 Is AEON Thana Sinsap (Thailand) 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 AEON Thana Sinsap (Thailand) 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 AEON Thana Sinsap (Thailand).

BST:AE3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= ฿94.19 * 20.8%
฿19.55
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. ฿94.19
Discount Rate (Cost of Equity) See below 7.4%
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:AE3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.694 (1 + (1- 20%) (134.49%))
1.208
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.208 * 5.96%)
7.43%

Discounted Cash Flow Calculation for BST:AE3 using Excess Returns Model Model

The calculations below outline how an intrinsic value for AEON Thana Sinsap (Thailand) 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:AE3 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.8% – 7.43%) * ฿94.19)
฿12.56
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ฿12.56 / (7.43% - 0.23%)
฿174.45
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ฿94.19 + ฿174.45
฿268.64
BST:AE3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:AE3 represents 0.03058x of SET:AEONTS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.03058x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 268.64 x 0.03058
€8.22
Value per share (EUR) From above. €8.22
Current discount Discount to share price of €6.30
= -1 x (€6.30 - €8.22) / €8.22
23.3%

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

Current Discount
Amount off the current price AEON Thana Sinsap (Thailand) is available for.
Intrinsic value
23%
Share price is €6.3 vs Future cash flow value of €8.22
Current Discount Checks
For AEON Thana Sinsap (Thailand) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AEON Thana Sinsap (Thailand)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AEON Thana Sinsap (Thailand)'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 AEON Thana Sinsap (Thailand)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AEON Thana Sinsap (Thailand)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:AE3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in THB ฿14.58
SET:AEONTS Share Price ** SET (2019-11-15) in THB ฿206
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 11.2x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

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

** Primary Listing of AEON Thana Sinsap (Thailand).

BST:AE3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 206 ÷ 14.58

14.12x

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

  • AEON Thana Sinsap (Thailand) is overvalued based on earnings compared to the Europe Consumer Finance industry average.
  • AEON Thana Sinsap (Thailand) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AEON Thana Sinsap (Thailand)'s expected growth come at a high price?
Raw Data
BST:AE3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
14.1%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.71x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:AE3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.12x ÷ 14.1%

1x

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

  • AEON Thana Sinsap (Thailand) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on AEON Thana Sinsap (Thailand)'s assets?
Raw Data
BST:AE3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in THB ฿77.42
SET:AEONTS Share Price * SET (2019-11-15) in THB ฿206
Europe Consumer Finance Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Finance Companies 1.31x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
BST:AE3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 206 ÷ 77.42

2.66x

* Primary Listing of AEON Thana Sinsap (Thailand).

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

  • AEON Thana Sinsap (Thailand) is overvalued based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess AEON Thana Sinsap (Thailand)'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. AEON Thana Sinsap (Thailand) 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.

Future Performance

 How is AEON Thana Sinsap (Thailand) expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AEON Thana Sinsap (Thailand) expected to grow at an attractive rate?
  • AEON Thana Sinsap (Thailand)'s earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AEON Thana Sinsap (Thailand)'s earnings growth is expected to exceed the Germany market average.
  • AEON Thana Sinsap (Thailand)'s revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:AE3 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:AE3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 14.1%
BST:AE3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 15.9%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:AE3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:AE3 Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-02-28 24,531 5,337 1
2021-02-28 22,298 4,604 3
2020-02-29 20,264 4,083 4
2019-11-18
BST:AE3 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-08-31 13,707 -2,854 3,646
2019-05-31 13,479 -3,623 3,566
2019-02-28 13,182 -2,289 3,506
2018-11-30 13,137 -1,432 3,618
2018-08-31 12,822 -4,286 3,467
2018-05-31 12,425 -6,759 3,276
2018-02-28 11,880 -5,686 2,966
2017-11-30 11,508 -5,585 2,875
2017-08-31 11,020 -1,252 2,604
2017-05-31 10,739 3,027 2,505
2017-02-28 10,564 1,022 2,403
2016-11-30 10,349 96 2,209

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AEON Thana Sinsap (Thailand)'s earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • AEON Thana Sinsap (Thailand)'s revenue is expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
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:AE3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from AEON Thana Sinsap (Thailand) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:AE3 Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-02-28 21.35 21.93 20.84 3.00
2021-02-28 18.65 19.59 16.98 5.00
2020-02-29 17.05 17.05 17.05 1.00
2019-11-18
BST:AE3 Past Financials Data
Date (Data in THB Millions) EPS *
2019-08-31 14.58
2019-05-31 14.26
2019-02-28 14.03
2018-11-30 14.47
2018-08-31 13.87
2018-05-31 13.10
2018-02-28 11.87
2017-11-30 11.50
2017-08-31 10.42
2017-05-31 10.02
2017-02-28 9.61
2016-11-30 8.84

*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.
  • AEON Thana Sinsap (Thailand) is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess AEON Thana Sinsap (Thailand)'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 Europe 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.
AEON Thana Sinsap (Thailand) has a total score of 4/6, 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 AEON Thana Sinsap (Thailand) 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 AEON Thana Sinsap (Thailand)'s growth in the last year to its industry (Consumer Finance).
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.
  • AEON Thana Sinsap (Thailand)'s year on year earnings growth rate has been positive over the past 5 years.
  • AEON Thana Sinsap (Thailand)'s 1-year earnings growth is less than its 5-year average (5.2% vs 10%)
  • AEON Thana Sinsap (Thailand)'s earnings growth has not exceeded the Europe Consumer Finance industry average in the past year (5.2% vs 5.4%).
Earnings and Revenue History
AEON Thana Sinsap (Thailand)'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 AEON Thana Sinsap (Thailand) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:AE3 Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 13,707.01 3,646.10 1,868.65
2019-05-31 13,478.53 3,565.52 1,870.07
2019-02-28 13,182.44 3,506.49 1,872.89
2018-11-30 13,137.43 3,617.88 1,730.98
2018-08-31 12,822.00 3,466.98 1,730.48
2018-05-31 12,425.26 3,276.14 1,727.73
2018-02-28 11,879.96 2,966.33 1,723.65
2017-11-30 11,508.35 2,874.51 1,459.18
2017-08-31 11,019.91 2,604.45 1,457.27
2017-05-31 10,738.53 2,505.38 1,446.82
2017-02-28 10,564.28 2,403.46 1,440.39
2016-11-30 10,349.37 2,209.22 1,472.45
2016-08-31 10,470.89 2,279.16 1,462.79
2016-05-31 10,537.11 2,438.69 1,465.17
2016-02-29 10,374.08 2,446.36 1,464.08
2015-11-20 10,077.80 2,392.82 1,434.93
2015-08-20 9,924.58 2,411.59 1,431.45
2015-05-20 9,859.23 2,354.57 1,433.00
2015-02-20 9,834.70 2,417.53 1,428.44
2014-11-20 9,717.59 2,435.83 1,564.88
2014-08-20 9,666.49 2,509.52 1,562.14
2014-05-20 9,462.54 2,519.29 1,553.61
2014-02-20 9,329.62 2,501.44 1,554.05
2013-11-20 9,094.79 2,440.72 1,036.61
2013-08-20 8,615.14 2,285.73 1,031.69
2013-05-20 7,853.91 1,970.23 1,024.32
2013-02-20 7,116.07 1,688.47 1,021.35
2012-11-20 6,663.03 1,344.06 717.09

*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.
  • AEON Thana Sinsap (Thailand) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AEON Thana Sinsap (Thailand) used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if AEON Thana Sinsap (Thailand) 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 AEON Thana Sinsap (Thailand)'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 Consumer Finance 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.
AEON Thana Sinsap (Thailand) has a total score of 1/6, 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 AEON Thana Sinsap (Thailand)'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 AEON Thana Sinsap (Thailand)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AEON Thana Sinsap (Thailand) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AEON Thana Sinsap (Thailand)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AEON Thana Sinsap (Thailand)'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 1.3x 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 AEON Thana Sinsap (Thailand) Company Filings, last reported 2 months ago.

BST:AE3 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 19,706.71 69,262.76 4,816.19
2019-05-31 19,374.20 68,200.08 5,051.66
2019-02-28 18,388.36 65,726.48 4,103.96
2018-11-30 17,566.67 66,080.03 4,250.22
2018-08-31 17,293.58 64,163.06 4,089.39
2018-05-31 16,947.46 62,070.05 4,342.51
2018-02-28 15,821.80 62,177.43 4,156.02
2017-11-30 14,898.84 62,820.07 3,940.07
2017-08-31 14,558.70 59,325.12 4,622.67
2017-05-31 14,363.12 54,985.24 4,454.38
2017-02-28 13,772.88 56,483.03 4,391.01
2016-11-30 12,930.52 58,417.84 4,754.72
2016-08-31 12,873.17 58,726.77 4,512.02
2016-05-31 12,763.08 58,440.21 4,377.89
2016-02-29 12,256.67 57,671.55 4,656.77
2015-11-20 11,465.37 55,957.65 3,451.05
2015-08-20 11,297.28 54,523.85 3,456.20
2015-05-20 10,960.75 51,913.66 2,894.49
2015-02-20 10,444.82 51,688.02 3,111.44
2014-11-20 9,863.76 52,646.52 3,086.51
2014-08-20 9,698.91 51,445.61 2,741.89
2014-05-20 9,489.94 50,824.68 3,062.53
2014-02-20 8,907.45 49,391.41 2,995.80
2013-11-20 8,297.05 47,771.62 2,256.75
2013-08-20 8,052.70 45,566.77 2,423.90
2013-05-20 7,825.56 42,894.73 2,533.61
2013-02-20 7,258.04 41,796.05 2,236.65
2012-11-20 6,717.85 40,079.18 2,148.40
  • AEON Thana Sinsap (Thailand)'s level of debt (351.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (530.9% vs 351.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on AEON Thana Sinsap (Thailand)'s debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess AEON Thana Sinsap (Thailand)'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. AEON Thana Sinsap (Thailand) has a total score of 3/6, 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 AEON Thana Sinsap (Thailand)'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
2.28%
Current annual income from AEON Thana Sinsap (Thailand) dividends. Estimated to be 2.99% next year.
If you bought €2,000 of AEON Thana Sinsap (Thailand) shares you are expected to receive €46 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?
  • AEON Thana Sinsap (Thailand)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • AEON Thana Sinsap (Thailand)'s dividend is below the markets top 25% of dividend payers in Germany (3.68%).
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:AE3 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 5 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 4.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BST:AE3 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2022-02-28 6.69 3.00
2021-02-28 5.91 6.00
2020-02-29 5.97 1.00
2019-11-18
BST:AE3 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-04-29 4.700 2.211
2018-10-05 4.350 2.371
2018-04-25 3.600 2.116
2017-04-26 3.450 2.936
2016-10-07 3.450 3.405
2016-07-07 3.450 3.498
2016-04-19 3.450 3.680
2015-06-29 3.450 3.731
2015-06-12 3.450 3.620
2014-09-30 3.450 3.250
2014-08-08 3.700 3.277
2014-04-23 3.700 3.703
2013-12-24 3.200 3.604
2013-09-26 3.200 3.513
2013-04-19 2.900 3.076
2012-12-25 2.100 2.139
2012-12-06 2.100 2.784
2012-09-25 2.100 3.244
2012-04-25 2.100 6.100
2011-12-23 2.100 7.109
2011-09-23 2.100 7.135
2011-04-22 2.100 6.081
2010-12-24 2.100 6.238
2010-06-18 2.100 6.718
2010-04-20 2.100 7.091
2009-12-23 2.100 6.972
2009-09-25 2.100 6.660
2009-04-23 2.100 6.968
2008-12-25 2.100 9.684

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of AEON Thana Sinsap (Thailand)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess AEON Thana Sinsap (Thailand)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 AEON Thana Sinsap (Thailand) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AEON Thana Sinsap (Thailand) has a total score of 5/6, 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 AEON Thana Sinsap (Thailand)'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
Masanori Kosaka
COMPENSATION ฿520,800
AGE 63
TENURE AS CEO 0.7 years
CEO Bio

Mr. Masanori Kosaka has been Acting Managing Director and Vice Chairman of the Board at AEON Thana Sinsap (Thailand) Public Company Limited since March 1, 2019. Mr. Kosaka served as Senior Managing Executive Officer of AEON Credit Service Co., Ltd. Mr. Kosaka served as Managing Director of Aeon Credit Service (Asia) Co. Ltd. from June 20, 2002 to June 20, 2011. He joined Aeon Credit Service Co., Ltd. in 1981. He served as Senior Managing Executive Officer and Corporate Adviser of AEON Financial Service Co., Ltd. He had been with Aeon Credit Service Asia Co., Ltd. from March 1993 to June 1996 and rejoined Aeon Credit Service Asia Co., Ltd. in April 2002 and served as its Corporate Adviser. He serves as Chairman of the Board of AEON Thana Sinsap Thailand Public Company Limited. He served as the Chairman and Non-executive Director of AEON Credit Service (Asia) Company Limited from June 18, 2013 to June 24, 2016. He serves as a Director of AEON Thana Sinsap (TH) PCL. He served as Director of AEON Thana Sinsap Thailand Public Company Limited since June 18, 2013. He serves as a Director of AEON Information Service (Shenzhen) Co., Ltd. He had been a Non-Independent & Non-Executive Director of Aeon Credit Service M Bhd since June 19, 2013 until June 2014. He serves as a Director of Aeon Credit Service Co., Ltd. He served as a Non-Executive Director at AEON Credit Service (Asia) Company Limited from June 17, 2011 to June 15, 2012. He served as a Director of AEON Financial Service Co., Ltd. He served as an Executive Director of AEON Credit Service (Asia) Company Limited from 25, 2002 to June 17, 2011. Mr. Kosaka graduated from Kyoto Sangyo University, Japan with a Bachelor’s Degree in Law.

CEO Compensation
  • Insufficient data for Masanori to compare compensation growth.
  • Masanori's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the AEON Thana Sinsap (Thailand) management team in years:

3.9
Average Tenure
51
Average Age
  • The tenure for the AEON Thana Sinsap (Thailand) management team is about average.
Management Team

Masanori Kosaka

TITLE
Vice Chairman & Acting MD
COMPENSATION
฿521K
AGE
63
TENURE
0.7 yrs

Suporn Wattanavekin

TITLE
Executive Director
COMPENSATION
฿2M
AGE
55

Nuntawat Chotvijit

TITLE
Executive Director
COMPENSATION
฿2M
AGE
49

Suriporn Thammawatid

TITLE
Senior EVP of Collection Department & Director
AGE
51
TENURE
13.8 yrs

Kazumasa Oshima

TITLE
CFO and Senior EVP of Finance & Control Department
AGE
39
TENURE
3.7 yrs

Sitthipong Kanaraksanti

TITLE
Head of Accounting
AGE
46
TENURE
1.1 yrs

Junji Noda

TITLE
Head of the Compliance & Deputy MD

Tsuyoshi Nagata

TITLE
Vice President of Marketing & Business Development

Somsak Hempiam

TITLE
Senior Executive Vice President of Auto Finance Department
AGE
54
TENURE
4.1 yrs

Supannee Asawasuwan

TITLE
Senior EVP of Corporate Planning Office & Corporate Secretary
AGE
51
TENURE
10.2 yrs
Board of Directors Tenure

Average tenure and age of the AEON Thana Sinsap (Thailand) board of directors in years:

12.4
Average Tenure
62.5
Average Age
  • The average tenure for the AEON Thana Sinsap (Thailand) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hideki Wakabayashi

TITLE
Chairman of the Board
AGE
62
TENURE
5.4 yrs

Masanori Kosaka

TITLE
Vice Chairman & Acting MD
COMPENSATION
฿521K
AGE
63
TENURE
0.7 yrs

Suporn Wattanavekin

TITLE
Executive Director
COMPENSATION
฿2M
AGE
55
TENURE
19.8 yrs

Nuntawat Chotvijit

TITLE
Executive Director
COMPENSATION
฿2M
AGE
49
TENURE
5.4 yrs

Suriporn Thammawatid

TITLE
Senior EVP of Collection Department & Director
AGE
51
TENURE
1.4 yrs

Noppun Muangkote

TITLE
Independent Director
COMPENSATION
฿2M
AGE
71
TENURE
18.3 yrs

Kannika Kursirikul

TITLE
Director
COMPENSATION
฿600K
AGE
65
TENURE
15.4 yrs

Chatchaval Jiaravanon

TITLE
Director
COMPENSATION
฿2M
AGE
57
TENURE
19.8 yrs

Shunichi Kobayashi

TITLE
Independent Director
COMPENSATION
฿2M
AGE
76
TENURE
18 yrs

Sucharit Koontanakulvong

TITLE
Independent Director
COMPENSATION
฿2M
AGE
63
TENURE
9.4 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 AEON Thana Sinsap (Thailand)'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. AEON Thana Sinsap (Thailand) 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

AEON Thana Sinsap (Thailand) Public Company Limited provides various retail finance services in Thailand. The company operates through Retail Finance Services and Other Business segments. It offers credit card services; hire purchase services; personal loans, such as cash and installment loans; and purpose loans. The company also provides debt collection services; and non-life insurance brokerage services. As of February 28, 2019, it had 104 branches and 440 ATMs. The company was founded in 1992 and is headquartered in Bangkok, Thailand.

Details
Name: AEON Thana Sinsap (Thailand) Public Company Limited
AE3
Exchange: BST
Founded: 1992
฿1,538,008,278
250,000,000
Website: http://www.aeon.co.th
Address: AEON Thana Sinsap (Thailand) Public Company Limited
388, Exchange Tower,
27th Floor,
Bangkok,
10110,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET AEONTS Ordinary Shares The Stock Exchange of Thailand TH THB 11. Dec 2001
SET AEONTS-R THB1(NVDR) The Stock Exchange of Thailand TH THB 11. Dec 2001
THAMSE AEONTS-F THB1(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 22. Jul 2002
BST AE3 THB1(NVDR) Boerse-Stuttgart DE EUR 11. Dec 2001
Number of employees
Current staff
Staff numbers
7,977
AEON Thana Sinsap (Thailand) employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:38
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/28
Last earnings filing: 2019/10/07
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/02/28


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.