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Bangchak Corporation

DB:7BP
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7BP
DB
฿25B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Bangchak Corporation Public Company Limited, an energy company, engages in the refining and marketing of petroleum products. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • Bangchak Corporation has significant price volatility in the past 3 months.
7BP Share Price and Events
7 Day Returns
23.8%
DB:7BP
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-44.1%
DB:7BP
34.4%
DE Oil and Gas
-14.2%
DE Market
7BP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bangchak Corporation (7BP) 23.8% -9.9% -38.3% -44.1% - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 7BP underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 7BP underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
7BP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Bangchak Corporation 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 Bangchak Corporation 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 Bangchak Corporation.

DB:7BP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.4%
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 DB:7BP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 20%) (192.44%))
1.984
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.984 * 7.46%)
14.41%

Discounted Cash Flow Calculation for DB:7BP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bangchak Corporation is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:7BP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 14.41%)
2020 3,637.00 Analyst x1 3,178.90
2021 5,071.67 Analyst x3 3,874.52
2022 4,845.00 Analyst x1 3,235.15
2023 4,696.61 Est @ -3.06% 2,741.06
2024 4,590.42 Est @ -2.26% 2,341.65
2025 4,512.40 Est @ -1.7% 2,011.92
2026 4,453.44 Est @ -1.31% 1,735.53
2027 4,407.49 Est @ -1.03% 1,501.28
2028 4,370.50 Est @ -0.84% 1,301.17
2029 4,339.71 Est @ -0.7% 1,129.27
Present value of next 10 years cash flows ฿23,050.00
DB:7BP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿4,339.71 × (1 + -0.39%) ÷ (14.41% – -0.39%)
฿29,206.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿29,206.81 ÷ (1 + 14.41%)10
฿7,600.13
DB:7BP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿23,050.00 + ฿7,600.13
฿30,650.13
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿30,650.13 / 1,357.69
฿22.58
DB:7BP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7BP represents 0.02717x of SET:BCP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02717x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 22.58 x 0.02717
€0.61
Value per share (EUR) From above. €0.61
Current discount Discount to share price of €0.50
= -1 x (€0.50 - €0.61) / €0.61
18.5%

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

Current Discount
Amount off the current price Bangchak Corporation is available for.
Intrinsic value
18%
Share price is €0.5 vs Future cash flow value of €0.61346
Current Discount Checks
For Bangchak Corporation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bangchak Corporation's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bangchak Corporation'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 Bangchak Corporation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bangchak Corporation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7BP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿1.18
SET:BCP Share Price ** SET (2020-04-08) in THB ฿18.4
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of Bangchak Corporation.

DB:7BP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 18.4 ÷ 1.18

15.55x

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

  • Bangchak Corporation is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Bangchak Corporation is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bangchak Corporation's expected growth come at a high price?
Raw Data
DB:7BP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
36.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:7BP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.55x ÷ 36.2%

0.43x

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

  • Bangchak Corporation is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bangchak Corporation's assets?
Raw Data
DB:7BP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿37.93
SET:BCP Share Price * SET (2020-04-08) in THB ฿18.4
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:7BP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 18.4 ÷ 37.93

0.49x

* Primary Listing of Bangchak Corporation.

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

  • Bangchak Corporation is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Bangchak Corporation'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Bangchak Corporation 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 Bangchak Corporation expected to perform in the next 1 to 3 years based on estimates from 10 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
36.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bangchak Corporation expected to grow at an attractive rate?
  • Bangchak Corporation's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Bangchak Corporation's earnings growth is expected to exceed the Germany market average.
  • Bangchak Corporation's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7BP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7BP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 36.2%
DB:7BP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 0.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:7BP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7BP Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 188,530 9,427 4,416 6
2021-12-31 187,738 9,250 4,507 10
2020-12-31 158,340 7,568 2,012 7
2020-04-09
DB:7BP Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 190,489 6,749 1,629
2019-09-30 189,123 10,475 -435
2019-06-30 196,104 9,373 1,052
2019-03-31 193,335 8,992 1,509
2018-12-31 192,025 5,950 2,463
2018-09-30 189,550 6,921 5,481
2018-06-30 175,098 8,653 4,685
2018-03-31 172,369 11,445 4,692
2017-12-31 172,138 13,851 5,608
2017-09-30 166,313 11,906 5,055
2017-06-30 163,990 7,263 5,168
2017-03-31 158,424 8,533 6,588

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bangchak Corporation's earnings are expected to grow significantly at over 20% yearly.
  • Bangchak Corporation's revenue is expected to grow by 0.6% 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
DB:7BP 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 10 Analyst Estimates (S&P Global) See Below

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

DB:7BP Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.21 4.90 1.40 5.00
2021-12-31 3.28 4.19 1.89 8.00
2020-12-31 1.59 3.00 0.28 5.00
2020-04-09
DB:7BP Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 1.18
2019-09-30 -0.32
2019-06-30 0.76
2019-03-31 1.10
2018-12-31 1.79
2018-09-30 3.98
2018-06-30 3.40
2018-03-31 3.41
2017-12-31 4.07
2017-09-30 3.67
2017-06-30 3.75
2017-03-31 4.78

*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.
  • Bangchak Corporation is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bangchak Corporation'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.
Bangchak Corporation 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 Bangchak Corporation 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 Bangchak Corporation's growth in the last year to its industry (Oil and Gas).
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.
  • Bangchak Corporation's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Bangchak Corporation's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bangchak Corporation's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Bangchak Corporation'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 Bangchak Corporation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7BP Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 190,488.59 1,628.57 7,614.32
2019-09-30 189,123.46 -434.58 7,515.66
2019-06-30 196,103.53 1,051.97 7,576.07
2019-03-31 193,335.06 1,508.98 7,477.26
2018-12-31 192,025.32 2,462.88 7,421.03
2018-09-30 189,550.31 5,480.76 7,595.94
2018-06-30 175,098.44 4,684.74 7,590.80
2018-03-31 172,368.95 4,692.18 7,440.01
2017-12-31 172,138.24 5,608.13 7,211.88
2017-09-30 166,313.03 5,055.03 6,951.50
2017-06-30 163,990.15 5,168.40 6,639.42
2017-03-31 158,424.17 6,588.30 6,424.45
2016-12-31 144,705.29 4,773.38 6,195.43
2016-09-30 139,360.36 3,742.76 5,789.92
2016-06-30 137,876.96 3,000.97 5,449.48
2016-03-31 141,971.65 3,382.41 5,330.95
2015-12-31 151,140.36 4,150.76 5,175.40
2015-09-30 161,753.35 1,760.89 5,168.81
2015-06-30 173,384.92 1,707.19 5,041.53
2015-03-31 172,804.23 171.38 4,582.87
2014-12-31 183,016.10 695.92 4,480.26
2014-09-30 185,326.44 3,887.48 4,195.59
2014-06-30 184,547.58 4,868.33 4,172.68
2014-03-31 188,871.09 4,017.08 4,320.51
2013-12-31 186,490.19 4,652.01 4,290.42
2013-09-30 182,382.83 5,109.61 4,386.26
2013-06-30 169,649.53 4,822.45 4,290.64

*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.
  • Bangchak Corporation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bangchak Corporation used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Bangchak Corporation's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bangchak Corporation'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 Oil and Gas 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.
Bangchak Corporation 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 Bangchak Corporation'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 Bangchak Corporation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bangchak Corporation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bangchak Corporation's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bangchak Corporation'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 not covered by short term assets, assets are 0.8x 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 Bangchak Corporation Company Filings, last reported 3 months ago.

DB:7BP Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 58,815.04 48,041.39 7,564.07
2019-09-30 48,788.11 52,755.22 6,724.34
2019-06-30 49,760.22 48,463.75 5,925.64
2019-03-31 49,875.19 50,025.20 10,268.49
2018-12-31 49,537.55 50,464.25 11,812.66
2018-09-30 51,970.34 44,720.24 7,127.91
2018-06-30 51,121.02 45,502.04 6,752.64
2018-03-31 51,733.69 40,518.88 7,246.70
2017-12-31 51,890.04 40,903.47 10,325.47
2017-09-30 47,074.76 44,378.32 11,538.97
2017-06-30 45,569.36 36,521.47 15,807.09
2017-03-31 46,067.28 39,046.51 20,599.58
2016-12-31 43,908.53 39,586.80 21,005.97
2016-09-30 43,065.78 39,323.02 20,113.37
2016-06-30 37,319.86 36,689.28 17,135.71
2016-03-31 35,985.35 33,020.75 13,392.29
2015-12-31 35,983.42 33,658.21 12,390.43
2015-09-30 36,355.12 33,760.51 13,954.40
2015-06-30 37,170.14 33,169.72 14,668.00
2015-03-31 34,745.49 32,723.75 14,519.34
2014-12-31 33,965.97 30,198.39 8,576.94
2014-09-30 37,171.41 30,557.76 7,821.29
2014-06-30 36,772.50 30,238.08 9,643.80
2014-03-31 36,560.34 27,013.40 4,570.97
2013-12-31 34,974.22 20,829.55 7,258.85
2013-09-30 34,263.19 20,300.93 2,034.85
2013-06-30 33,715.54 20,257.22 4,035.40
  • Bangchak Corporation's level of debt (81.7%) 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 (89% vs 81.7% today).
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Bangchak Corporation'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. Bangchak Corporation 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.

Dividends

 What is Bangchak Corporation'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
3.26%
Current annual income from Bangchak Corporation dividends. Estimated to be 6.88% next year.
If you bought €2,000 of Bangchak Corporation shares you are expected to receive €65 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?
  • Bangchak Corporation's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Bangchak Corporation's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
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
DB:7BP 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 10 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:7BP Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.40 5.00
2021-12-31 1.58 7.00
2020-12-31 0.79 6.00
2020-04-09
DB:7BP Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.600 3.282
2019-11-07 1.000 3.824
2019-08-08 1.000 3.809
2019-02-21 1.350 4.325
2018-08-24 1.950 5.827
2018-02-28 2.200 6.172
2017-08-31 2.050 5.133
2017-02-17 1.800 5.313
2017-01-16 1.800 5.174
2016-02-18 2.000 6.344
2015-08-17 1.400 4.183
2015-02-20 1.000 2.959
2014-08-25 1.350 4.007
2014-02-18 1.350 4.492
2013-02-19 1.250 3.804
2012-08-28 1.350 4.767
2012-02-17 2.000 8.658
2011-08-31 1.200 6.410
2011-02-15 1.050 5.182
2010-10-28 1.000 5.942
2010-10-15 1.000 6.277
2010-08-25 1.300 8.747
2010-04-09 1.800 12.905
2009-11-09 2.000 13.935
2009-05-14 0.500 3.512

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bangchak Corporation's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Bangchak Corporation'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 Bangchak Corporation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bangchak Corporation has a total score of 4/6, 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 Bangchak Corporation'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
Chaiwat Kovavisarach
COMPENSATION ฿3,808,088
AGE 52
TENURE AS CEO 5.3 years
CEO Bio

Mr. Chaiwat Kovavisarach, M.Eng., MBA, B.Eng., has been the President and Chief Executive Officer of Bangchak Corporation Public Company Limited (also known as The Bangchak Petroleum Public Company Limited) since January 1, 2015 and serves as its Secretary of the Board. He is Vice Chairman at BCPG Public Company Limited. Mr. Kovavisarach has over 25 years' experience in engineering, investment banking and senior executive management. He served as Advisor for Avantgarde Capital Limited in Thailand. He commenced his career in 1987 with The Siam Cement Public Company Ltd in Thailand as a Project Engineer and then subsequently as a Production Engineer. He then moved into investment banking in 1993 working for Asset Plus Company Ltd in Thailand as an investment banker before taking on a role as a Director with SG Crosby (Thailand) / SG Securities (Singapore) Pte Ltd. from 1996 to 2002. He was a Fellow Director of the Association of Thai Securities Companies in 2000. In 2002, he founded TURNAROUND Company Ltd, a boutique financial advisory / investment banking company in Thailand, holding his managing director position until 2007. He previously served as Vice Chairman and Director of BCPG Public Company Limited since March 24, 2016 and July 17, 2015 respectively until October 15, 2018. He has been a Director of OKEA AS since April 05, 2019 and serves as its Chairman. He has been a Director at Bangchak Petroleum Public Co. Ltd. since October 30, 2012. He has been a Non-Executive Director of Nido Petroleum Limited since October 01, 2014. Mr. Kovavisarach, apart from holding various directorships including Asia Insurance Company Limited is also a Member of The Investment Committee of the Government Pension Fund of Thailand. Mr. Kovavisarach has been a Director of Lithium Americas Corp. since July 14, 2017. Mr. Kovavisarach holds a Masters of Engineering, a Masters of Business Administration, has studied Investment Banking at the Kellogg School of Management and has completed the Director Certification Program through the Thai Institute of Directors. He holds Master Degree in Engineering from Asian Institute of Technology (AIT], Master Degree in Business Administration from Thammasat University and Bachelor Degree in Engineering (Honor) from King Mongkut's Institute of Technology Ladkrabang.

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

Average tenure and age of the Bangchak Corporation management team in years:

5.3
Average Tenure
57
Average Age
  • The average tenure for the Bangchak Corporation management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Chaiwat Kovavisarach

TITLE
CEO, President & Director
COMPENSATION
฿4M
AGE
52
TENURE
5.3 yrs

Surachai Kositsareewong

TITLE
Senior EVP of Accounting & Finance Group and Acting EVP of Financial Controller
AGE
57
TENURE
11.3 yrs

Pakawadee Junrayapes

TITLE
Executive Vice President of Sustainability Development & Corporate Compliance and Company Secretary
AGE
57
TENURE
5.3 yrs

Somchai Tejavanija

TITLE
Chief Marketing Officer & Senior Executive VP of Marketing Business Group
AGE
56
TENURE
3.3 yrs

Revadee Pornpatkul

TITLE
Executive Vice President of Human Resource Management
AGE
59
TENURE
2.3 yrs

Yodphot Wongrukmit

TITLE
Senior Executive Vice President of Corporate Management & Sustainability Development
AGE
59
TENURE
4.3 yrs

Bundit Sapianchai

TITLE
Senior Executive Vice President
AGE
55
TENURE
7.3 yrs

Pongchai Chaichirawiwat

TITLE
Senior Executive Vice President
AGE
58
TENURE
2.3 yrs

Kiatchai Maitriwong

TITLE
Senior Executive Vice President of Corporate Strategic Planning & Sustainability Development Group
AGE
59
TENURE
10.3 yrs

Chalermchai Udomranu

TITLE
Senior Executive Vice President of Refinery Business Unit
AGE
57
TENURE
9 yrs
Board of Directors Tenure

Average tenure and age of the Bangchak Corporation board of directors in years:

5.5
Average Tenure
65.5
Average Age
  • The tenure for the Bangchak Corporation board of directors is about average.
Board of Directors

Pichai Chunhavajira

TITLE
Independent Chairman
COMPENSATION
฿5M
AGE
70
TENURE
7.9 yrs

Chaiwat Kovavisarach

TITLE
CEO, President & Director
COMPENSATION
฿4M
AGE
52
TENURE
7.5 yrs

Surin Chiravisit

TITLE
Independent Vice Chairman
COMPENSATION
฿4M
AGE
71
TENURE
5 yrs

Prasong Poontaneat

TITLE
Director
COMPENSATION
฿4M
AGE
59
TENURE
8 yrs

Suthep Wongvorazathe

TITLE
Independent Director
COMPENSATION
฿4M
AGE
70
TENURE
7.5 yrs

Vitch Devahasdin

TITLE
Independent Director
COMPENSATION
฿4M
AGE
68
TENURE
4 yrs

Chaiwat Chotima

TITLE
Independent Director
COMPENSATION
฿4M
AGE
66
TENURE
6 yrs

Sucheep Whoungmaitree

TITLE
Independent Director
COMPENSATION
฿4M
AGE
62
TENURE
4.9 yrs

Prisana Praharnkhasuk

TITLE
Independent Director
COMPENSATION
฿4M
AGE
65
TENURE
4 yrs

Prasert Sinsukprasert

TITLE
Director
COMPENSATION
฿4M
AGE
53
TENURE
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 Bangchak Corporation'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. Bangchak Corporation 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

Bangchak Corporation Public Company Limited, an energy company, engages in the refining and marketing of petroleum products. It operates through Refinery and Oil Trading, Marketing, Electricity, Bio-Based Product, and Natural Resource segments. The company is also involved in the administration of service stations; managing sale of other consumer products at Bai Chak and Lemon Green outlets; and food and drink retail business through SPAR supermarket brand, Inthanin Coffee, and Inthanin Garden premium coffee shop, as well as other supplementary businesses. In addition, it operates and distributes electrical power from renewable resources; produces biodiesel, ethanol, and tapioca flour; explores for and produces petroleum; and mines for lithium. Bangchak Corporation Public Company Limited markets its oil products to various sectors, including transportation, aviation, shipping, construction, industrial, and agriculture sectors through oil traders. It operates in Thailand, Malaysia, Japan, Korea, the Philippines, Singapore, Indonesia, Norway, and internationally. The company was formerly known as The Bangchak Petroleum Public Company Limited and changed its name to Bangchak Corporation Public Company Limited in April 2017. Bangchak Corporation Public Company Limited was founded in 1984 and is headquartered in Bangkok, Thailand.

Details
Name: Bangchak Corporation Public Company Limited
7BP
Exchange: DB
Founded: 1984
฿701,955,626
1,357,685,157
Website: http://www.bangchak.co.th
Address: Bangchak Corporation Public Company Limited
2098 M Tower Building,
8th Floor,
Bangkok,
10260,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET BCP Common Shares The Stock Exchange of Thailand TH THB 08. Aug 1994
SET BCP-R NON VTG DEP RCPT REP 1 ORD THB1 The Stock Exchange of Thailand TH THB 20. Aug 2001
THAMSE BCP-F THB1(ALIEN) Bangkok-Alien Market Stock Exchange TH THB 04. Aug 1994
DB 7BP THB1(ALIEN) Deutsche Boerse AG DE EUR 04. Aug 1994
BST 7BP1 NON VTG DEP RCPT REP 1 ORD THB1 Boerse-Stuttgart DE EUR 20. Aug 2001
BST A0BKMH THB1(ALIEN) Boerse-Stuttgart DE EUR 04. Aug 1994
Number of employees
Current staff
Staff numbers
0
Bangchak Corporation employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 01:33
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/20
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.