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TPI Polene

DB:NVP6
Snowflake Description

Proven track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NVP6
DB
฿21B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

TPI Polene Public Company Limited engages in the cement, construction materials, and plastic businesses in Thailand, China, Bangladesh, and internationally. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • TPI Polene has significant price volatility in the past 3 months.
NVP6 Share Price and Events
7 Day Returns
4.8%
DB:NVP6
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
-56.9%
DB:NVP6
-26.7%
Europe Basic Materials
-16.6%
DE Market
NVP6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TPI Polene (NVP6) 4.8% -18.5% -36.2% -56.9% -65.1% -70.3%
Europe Basic Materials 6.6% -18.2% -32.2% -26.7% -36.7% -34%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • NVP6 underperformed the Basic Materials industry which returned -26.7% over the past year.
  • NVP6 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
NVP6
Industry
5yr Volatility vs Market

Value

 Is TPI Polene 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 TPI Polene 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 TPI Polene.

DB:NVP6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in THB ฿ .030000
Payout Ratio Company Filings (2019-12-31) 2562.4%
Discount Rate (Cost of Equity) See below 14.3%
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:NVP6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 20%) (247.95%))
1.964
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.964 * 7.46%)
14.26%

Discounted Cash Flow Calculation for DB:NVP6 using Dividend Discount Model Model

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

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

See our documentation to learn about this calculation.

DB:NVP6 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ฿0.03 / (14.26% - -0.39%)
฿0
DB:NVP6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NVP6 represents 0.01947x of SET:TPIPL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01947x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 0.20 x 0.01947
€0.00
Value per share (EUR) From above. €0.00
Current discount Discount to share price of €0.02
= -1 x (€0.02 - €0.00) / €0.00
-451.9%

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

  • The current share price of TPI Polene 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 TPI Polene's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TPI Polene's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NVP6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.07
SET:TPIPL Share Price ** SET (2020-04-07) in THB ฿1.13
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.52x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of TPI Polene.

DB:NVP6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.13 ÷ 0.07

15.55x

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

  • TPI Polene is overvalued based on earnings compared to the Europe Basic Materials industry average.
  • TPI Polene is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does TPI Polene's expected growth come at a high price?
Raw Data
DB:NVP6 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 1 Analysts
-1.4%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:NVP6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.55x ÷ -1.4%

-11.14x

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

  • TPI Polene earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TPI Polene's assets?
Raw Data
DB:NVP6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿2.26
SET:TPIPL Share Price * SET (2020-04-07) in THB ฿1.13
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.85x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:NVP6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.13 ÷ 2.26

0.5x

* Primary Listing of TPI Polene.

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

  • TPI Polene is good value based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess TPI Polene'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. TPI Polene has a total score of 2/6, see the detailed checks below.

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

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

Future Performance

 How is TPI Polene expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TPI Polene expected to grow at an attractive rate?
  • TPI Polene's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • TPI Polene's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • TPI Polene's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NVP6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NVP6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -1.4%
DB:NVP6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.3%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
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:NVP6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NVP6 Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 39,092 4,327 1,374 1
2020-12-31 38,076 3,951 1,284 1
2020-04-07
DB:NVP6 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 38,694 7,770 1,394
2019-09-30 38,763 7,459 1,497
2019-06-30 39,151 6,442 1,286
2019-03-31 37,892 4,852 903
2018-12-31 36,764 3,762 324
2018-09-30 33,861 1,613 -391
2018-06-30 32,148 896 -1,035
2018-03-31 30,919 737 -1,521
2017-12-31 30,617 1,955 -1,260
2017-09-30 30,918 2,135 -974
2017-06-30 30,570 2,875 -367
2017-03-31 30,556 3,370 504

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TPI Polene's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • TPI Polene's revenue is expected to grow by 0.3% 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:NVP6 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 1 Analyst Estimates (S&P Global) See Below

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

DB:NVP6 Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.07 0.07 0.07 1.00
2020-12-31 0.06 0.06 0.06 1.00
2020-04-07
DB:NVP6 Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.07
2019-09-30 0.08
2019-06-30 0.07
2019-03-31 0.05
2018-12-31 0.02
2018-09-30 -0.02
2018-06-30 -0.05
2018-03-31 -0.08
2017-12-31 -0.06
2017-09-30 -0.05
2017-06-30 -0.02
2017-03-31 0.03

*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.
  • TPI Polene is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TPI Polene'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.
TPI Polene 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.

Past Performance

  How has TPI Polene 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 TPI Polene's growth in the last year to its industry (Basic Materials).
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.
  • TPI Polene's year on year earnings growth rate has been positive over the past 5 years.
  • TPI Polene's 1-year earnings growth exceeds its 5-year average (330.4% vs 17.4%)
  • TPI Polene's earnings growth has exceeded the Europe Basic Materials industry average in the past year (330.4% vs 20.8%).
Earnings and Revenue History
TPI Polene'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 TPI Polene Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NVP6 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 38,693.67 1,393.53 6,061.97
2019-09-30 38,762.95 1,497.09 6,045.52
2019-06-30 39,150.78 1,285.83 6,205.03
2019-03-31 37,892.09 902.88 5,927.18
2018-12-31 36,764.26 323.78 5,868.19
2018-09-30 33,860.93 -391.14 5,725.36
2018-06-30 32,148.38 -1,035.41 5,632.40
2018-03-31 30,918.85 -1,520.53 5,674.70
2017-12-31 30,616.92 -1,259.74 5,702.97
2017-09-30 30,917.63 -974.02 5,547.18
2017-06-30 30,570.18 -366.61 5,521.92
2017-03-31 30,555.75 503.74 5,374.27
2016-12-31 30,607.49 515.02 5,299.09
2016-09-30 30,659.80 602.12 5,238.90
2016-06-30 30,221.26 -449.02 5,078.57
2016-03-31 29,910.15 -1,273.76 5,072.05
2015-12-31 28,924.79 -1,257.11 5,005.93
2015-09-30 28,610.86 -1,483.63 5,094.68
2015-06-30 29,164.60 41.92 5,045.57
2015-03-31 29,359.18 1,051.17 5,019.63
2014-12-31 30,072.00 1,363.61 5,005.51
2014-09-30 29,956.89 1,491.17 4,989.59
2014-06-30 29,203.90 1,124.15 4,934.61
2014-03-31 29,826.33 1,059.80 4,723.06
2013-12-31 28,593.00 606.01 4,520.07
2013-09-30 28,499.60 712.16 4,563.83
2013-06-30 29,446.61 644.58 4,679.29

*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.
  • TPI Polene has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TPI Polene used its assets less efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • TPI Polene has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TPI Polene'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 Basic Materials 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.
TPI Polene has a total score of 4/6, 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 TPI Polene'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 TPI Polene's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TPI Polene is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TPI Polene's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of TPI Polene'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 0.5x 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 TPI Polene Company Filings, last reported 3 months ago.

DB:NVP6 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 51,493.45 53,228.87 5,394.54
2019-09-30 51,872.44 52,863.57 7,526.92
2019-06-30 51,412.97 48,339.08 4,551.67
2019-03-31 51,458.35 48,734.47 5,640.94
2018-12-31 50,936.59 50,455.88 8,627.21
2018-09-30 51,855.43 43,743.23 3,838.58
2018-06-30 51,627.00 46,380.71 8,354.79
2018-03-31 52,260.45 41,061.81 4,971.99
2017-12-31 52,086.13 40,968.83 6,709.15
2017-09-30 52,409.21 39,539.91 7,130.43
2017-06-30 52,948.23 39,435.61 9,431.00
2017-03-31 54,039.03 44,801.58 18,100.10
2016-12-31 36,754.53 46,518.18 3,541.26
2016-09-30 55,366.49 42,846.73 2,813.08
2016-06-30 55,480.31 40,532.61 1,863.25
2016-03-31 55,911.25 39,680.04 2,380.91
2015-12-31 55,965.69 37,386.59 2,376.14
2015-09-30 56,077.96 37,441.98 3,512.43
2015-06-30 56,988.95 32,339.38 1,901.44
2015-03-31 58,050.83 30,073.99 2,440.12
2014-12-31 57,784.76 27,076.06 762.15
2014-09-30 57,723.04 25,528.72 1,483.40
2014-06-30 57,485.61 18,568.90 824.61
2014-03-31 57,793.42 12,555.59 979.71
2013-12-31 57,713.17 9,474.79 844.93
2013-09-30 58,309.61 7,928.16 939.49
2013-06-30 58,425.31 7,223.28 1,478.29
  • TPI Polene's level of debt (103.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (46.9% vs 103.4% today).
  • Debt is not well covered by operating cash flow (14.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess TPI Polene'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. TPI Polene has a total score of 1/6, 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 TPI Polene'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
2.65%
Current annual income from TPI Polene dividends.
If you bought €2,000 of TPI Polene shares you are expected to receive €53 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?
  • TPI Polene's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • TPI Polene's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
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:NVP6 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 1 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:NVP6 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-07
DB:NVP6 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-11-13 0.030 2.287
2019-02-28 0.020 1.133
2018-03-02 0.020 1.078
2017-03-06 0.020 0.896
2016-05-16 0.020 0.864
2016-03-01 0.020 0.784
2015-05-15 0.020 0.828
2015-03-02 0.020 0.701
2014-02-28 0.015 0.974
2013-03-01 0.010 0.818
2012-11-14 0.015 1.006
2012-08-14 0.015 1.142
2012-05-15 0.015 1.256
2012-02-29 0.015 1.039
2011-08-15 0.015 1.067
2011-05-18 0.015 1.209
2011-02-22 0.015 1.257
2010-11-15 0.010 0.832
2010-05-17 0.010 0.865
2010-02-25 0.010 1.198

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 TPI Polene's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TPI Polene'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 TPI Polene afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TPI Polene has a total score of 3/6, 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 TPI Polene'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
Prachai Leophairatana
COMPENSATION ฿1,818,631
AGE 75
TENURE AS CEO 19.3 years
CEO Bio

Mr. Prachai Leophairatana has been the Chief Executive Officer of TPI Polene Public Company Limited since 2001. Mr. Leophairatana served as Chief Executive Officer of Thai Petrochemical Industry Public Co. Ltd. He served as Chief Executive Officer of IRPC Public Company Limited. Mr. Leophairatana served as Chief Executive Officer of International Plastic Trading Co.,Ltd. from 1981 to 2006, Chief Executive Officer of Thai Petrochemical Industry Public Co.,Ltd. and TPI Group of Companies from 1978 to 2006. He serves as Chairman of TPI Concrete Co Ltd., Mondo Thai Co., Ltd., Thai Propoxide Co Ltd, United Grain Industry Co.,Ltd and TPI Polene Power Co Ltd. He has been the Chairman of Thai Nitrate Co.,Ltd. since 1990 and Thai Plastic Film Co.,Ltd. since 1989. He serves as Chairman at TPI Polene Power Public Company Limited since 1991. Mr. Leophairatana has been the Chairman of Thai Plastic Product Co., Ltd. since 1988 and Leophairatana Enterprises Co., Ltd. since 1973. He served as Chairman of Cathay Finance & Securities Plc. from 1969 to 1997. Mr. Leophairatana has been a Director of Bangkok Union Insurance Public Company Limited since April 3, 2012 and has been its Chairman of the Executive Board until April 2005. He serves as a Director of Thai Special Steel Industry Plc. He serves as an Executive Director of Tpi Polene Public Co. Ltd. Mr. Leophairatana served as a Director of IRPC Public Company Limited until April 2006. He holds M.S.E.E. University of California (Berkeley) U.S.A., B.E. (1st Class Hons.) from University of Canterbury, New Zealand and Directors Accreditation Program (DAP- No.35/2005) from Thai Institute of Directors (IOD).

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

Average tenure and age of the TPI Polene management team in years:

19.3
Average Tenure
70
Average Age
  • The average tenure for the TPI Polene management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Prachai Leophairatana

TITLE
CEO & Executive Director
COMPENSATION
฿2M
AGE
75
TENURE
19.3 yrs

Prayad Liewphairatana

TITLE
President & Executive Director
COMPENSATION
฿2M
AGE
68
TENURE
33.3 yrs

Pramuan Leophairatana

TITLE
President & Executive Director
COMPENSATION
฿2M
AGE
70
TENURE
19.3 yrs

Prateep Leopairut

TITLE
President & Executive Director
COMPENSATION
฿2M
AGE
73
TENURE
33.3 yrs

Orapin Leophairatana

TITLE
Senior Executive VP & Executive Director
COMPENSATION
฿2M
AGE
72
TENURE
15.3 yrs

Tayuth Sriyuksiri

TITLE
Executive Director
COMPENSATION
฿2M
AGE
65

Chavin Iamsopana

TITLE
Executive Director
COMPENSATION
฿2M
AGE
76

Prasert Ittimakin

TITLE
Senior Vice President of Accounting & Finance Division
AGE
60
TENURE
19.3 yrs

Nitisit Jongphitakratana

TITLE
Corporate Secretary & Assistant VP of Department
AGE
49
TENURE
11.8 yrs

Tanomsak Yaek

TITLE
Assistant Secretary
TENURE
11.8 yrs
Board of Directors Tenure

Average tenure and age of the TPI Polene board of directors in years:

13.4
Average Tenure
71.5
Average Age
  • The average tenure for the TPI Polene board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Khantachai Vichakkhana

TITLE
Independent Chairman
COMPENSATION
฿2M
AGE
71
TENURE
1.8 yrs

Prachai Leophairatana

TITLE
CEO & Executive Director
COMPENSATION
฿2M
AGE
75

Prayad Liewphairatana

TITLE
President & Executive Director
COMPENSATION
฿2M
AGE
68

Pramuan Leophairatana

TITLE
President & Executive Director
COMPENSATION
฿2M
AGE
70

Prateep Leopairut

TITLE
President & Executive Director
COMPENSATION
฿2M
AGE
73

Orapin Leophairatana

TITLE
Senior Executive VP & Executive Director
COMPENSATION
฿2M
AGE
72
TENURE
22.3 yrs

Tayuth Sriyuksiri

TITLE
Executive Director
COMPENSATION
฿2M
AGE
65
TENURE
12.3 yrs

Chavin Iamsopana

TITLE
Executive Director
COMPENSATION
฿2M
AGE
76
TENURE
33.3 yrs

Supot Singhasaneh

TITLE
Independent Director
COMPENSATION
฿1M
AGE
70
TENURE
2 yrs

Manas Sooksmarn

TITLE
Independent Director
COMPENSATION
฿2M
AGE
84
TENURE
14.6 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 TPI Polene'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. TPI Polene 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

TPI Polene Public Company Limited engages in the cement, construction materials, and plastic businesses in Thailand, China, Bangladesh, and internationally. It operates through four segments: Construction Materials, Petrochemical & Chemicals, Energy & Utilities, and Agriculture. The company manufactures and distributes cement products comprising Portland, mixed, masonry, hydraulic, and oil well cement; organic fertilizers for aquatic, livestock, and plants; and fiber cement roof tiles, wood replacements, fiber cement boards, digital boards, and fiber cement accessories. It also offers concrete roof tiles, floor and wall concrete tiles, and concrete roof tile accessories; masonry, plastering, floor screed, DIY, specific purpose, and dry concrete mortars; and soaps, including hand and body wash, oil removal, and cleaning detergents. In addition, the company provides clear coat, interior and exterior, wall, water proof, floor, and artistic paints; low density polyethylene and ethylene vinyl acetate copolymer resins; and ready mixed concrete. Further, it offers tile grout, block, solar cell encapsulants, and drinking water products; distributes gasoline, diesel, and natural gas; and manufactures and distributes electricity, refuse derived fuel, organics waste, melt sheets, nitric acids, and ammonium nitrate. Additionally, the company engages in retailing, petroleum exploration, property development, export and import, and construction businesses. TPI Polene Public Company Limited is headquartered in Bangkok, Thailand.

Details
Name: TPI Polene Public Company Limited
NVP6
Exchange: DB
Founded:
฿604,542,291
18,997,551,620
Website: http://www.tpipolene.co.th
Address: TPI Polene Public Company Limited
26/56, TPI Tower,
Chan Tat Mai Road,
Bangkok,
10120,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET TPIPL Ordinary Shares The Stock Exchange of Thailand TH THB 25. Jan 1991
SET TPIPL-R NON VTG DEP RCPT REP 1 ORD THB10 The Stock Exchange of Thailand TH THB 20. Aug 2001
THAMSE TPIPL-F THB1 (ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 13. Oct 1992
DB NVP6 NON VTG DEP RCPT REP 1 ORD THB10 Deutsche Boerse AG DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
TPI Polene employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:36
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/04
Last earnings filing: 2020/02/26
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.