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Advanced Info Service

DB:NVAA
Snowflake Description

Average dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NVAA
DB
฿684B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Advanced Info Service Public Company Limited operates as a mobile phone network company primarily in Thailand. The last earnings update was 18 days ago. More info.


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NVAA Share Price and Events
7 Day Returns
1.5%
DB:NVAA
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
44.5%
DB:NVAA
1.1%
Europe Wireless Telecom
9.9%
DE Market
NVAA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Advanced Info Service (NVAA) 1.5% 0.7% 6.1% 44.5% 81.6% 18%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • NVAA outperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • NVAA outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
NVAA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Advanced Info Service 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 Advanced Info Service 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 Advanced Info Service.

DB:NVAA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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 DB:NVAA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 20%) (14.33%))
0.581
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

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

The calculations below outline how an intrinsic value for Advanced Info Service 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:NVAA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 5%)
2020 34,908.84 Analyst x8 33,247.78
2021 43,721.59 Analyst x7 39,659.79
2022 51,774.00 Analyst x1 44,729.44
2023 52,634.00 Analyst x1 43,308.72
2024 53,228.74 Est @ 1.13% 41,714.05
2025 53,686.16 Est @ 0.86% 40,070.60
2026 54,045.84 Est @ 0.67% 38,419.61
2027 54,336.26 Est @ 0.54% 36,788.13
2028 54,577.82 Est @ 0.44% 35,193.41
2029 54,784.99 Est @ 0.38% 33,646.05
Present value of next 10 years cash flows ฿386,777.00
DB:NVAA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿54,784.99 × (1 + 0.23%) ÷ (5% – 0.23%)
฿1,151,633.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿1,151,633.80 ÷ (1 + 5%)10
฿707,272.64
DB:NVAA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿386,777.00 + ฿707,272.64
฿1,094,049.64
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿1,094,049.64 / 2,973.18
฿367.97
DB:NVAA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NVAA represents 0.02978x of SET:ADVANC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02978x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 367.97 x 0.02978
€10.96
Value per share (EUR) From above. €10.96
Current discount Discount to share price of €6.85
= -1 x (€6.85 - €10.96) / €10.96
37.5%

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

Current Discount
Amount off the current price Advanced Info Service is available for.
Intrinsic value
37%
Share price is €6.85 vs Future cash flow value of €10.96
Current Discount Checks
For Advanced Info Service to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Advanced Info Service's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Advanced Info Service'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 Advanced Info Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Advanced Info Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NVAA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in THB ฿10.42
SET:ADVANC Share Price ** SET (2019-11-18) in THB ฿230
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
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 Advanced Info Service.

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

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

= 230 ÷ 10.42

22.08x

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

  • Advanced Info Service is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • Advanced Info Service is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Advanced Info Service's expected growth come at a high price?
Raw Data
DB:NVAA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
6.4%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.08x ÷ 6.4%

3.45x

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

  • Advanced Info Service is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Advanced Info Service's assets?
Raw Data
DB:NVAA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in THB ฿20.84
SET:ADVANC Share Price * SET (2019-11-18) in THB ฿230
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:NVAA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 230 ÷ 20.84

11.03x

* Primary Listing of Advanced Info Service.

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

  • Advanced Info Service is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Advanced Info Service'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 Wireless Telecom 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 Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Advanced Info Service 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 Advanced Info Service expected to perform in the next 1 to 3 years based on estimates from 23 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
6.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Advanced Info Service expected to grow at an attractive rate?
  • Advanced Info Service's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Advanced Info Service's earnings growth is positive but not above the Germany market average.
  • Advanced Info Service's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NVAA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NVAA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 6.4%
DB:NVAA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3.3%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
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
DB:NVAA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NVAA Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 194,389 1
2021-12-31 187,908 77,326 36,200 20
2020-12-31 181,606 74,027 34,459 23
2019-12-31 175,845 69,056 31,989 23
2019-11-18
DB:NVAA Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-09-30 176,660 76,186 30,964
2019-06-30 174,038 72,550 28,964
2019-03-31 172,184 72,009 29,215
2018-12-31 169,856 69,132 29,682
2018-09-30 166,477 67,648 30,544
2018-06-30 162,947 66,464 31,212
2018-03-31 159,797 69,425 30,422
2017-12-31 157,722 65,529 30,077
2017-09-30 157,836 67,153 28,845
2017-06-30 156,352 65,051 27,905
2017-03-31 153,756 58,847 30,286
2016-12-31 152,150 61,635 30,667

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Advanced Info Service's earnings are expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
  • Advanced Info Service's revenue is expected to grow by 3.3% 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:NVAA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

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

DB:NVAA Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 12.19 13.50 11.16 18.00
2020-12-31 11.58 12.60 10.56 22.00
2019-12-31 10.78 11.30 10.03 21.00
2019-11-18
DB:NVAA Past Financials Data
Date (Data in THB Millions) EPS *
2019-09-30 10.42
2019-06-30 9.74
2019-03-31 9.83
2018-12-31 9.98
2018-09-30 10.27
2018-06-30 10.50
2018-03-31 10.23
2017-12-31 10.12
2017-09-30 9.70
2017-06-30 9.39
2017-03-31 10.19
2016-12-31 10.32

*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.
  • Advanced Info Service is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Advanced Info Service'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.
Advanced Info Service has a total score of 2/6, 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 Advanced Info Service 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 Advanced Info Service's growth in the last year to its industry (Wireless Telecom).
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.
  • Advanced Info Service's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Advanced Info Service's 1-year earnings growth exceeds its 5-year average (1.4% vs -5.9%)
  • Advanced Info Service's earnings growth has not exceeded the Europe Wireless Telecom industry average in the past year (1.4% vs 21%).
Earnings and Revenue History
Advanced Info Service'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 Advanced Info Service Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NVAA Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 176,660.48 30,963.93 26,752.77
2019-06-30 174,037.58 28,963.94 27,226.71
2019-03-31 172,184.11 29,214.91 26,385.67
2018-12-31 169,855.85 29,682.18 26,472.31
2018-09-30 166,476.86 30,543.51 25,834.29
2018-06-30 162,946.62 31,212.02 25,634.68
2018-03-31 159,797.20 30,422.06 26,130.04
2017-12-31 157,721.80 30,077.31 25,220.46
2017-09-30 157,835.80 28,844.76 26,859.52
2017-06-30 156,351.75 27,905.20 27,523.17
2017-03-31 153,755.62 30,286.34 27,268.95
2016-12-31 152,149.87 30,666.54 29,926.08
2016-09-30 150,614.70 34,989.81 27,699.33
2016-06-30 150,297.19 37,075.92 25,334.63
2016-03-31 151,949.47 37,328.29 23,773.60
2015-12-31 155,276.44 39,152.41 20,358.56
2015-09-30 155,954.16 37,482.95 19,743.27
2015-06-30 154,665.83 37,822.85 19,494.86
2015-03-31 153,208.87 36,449.48 19,774.22
2014-12-31 149,329.05 36,033.17 19,097.25
2014-09-30 145,974.56 35,727.23 18,469.03
2014-06-30 145,789.98 35,112.78 17,884.94
2014-03-31 147,340.12 35,832.07 16,070.52
2013-12-31 150,577.82 36,274.13 15,086.50
2013-09-30 151,670.17 35,915.78 14,211.69
2013-06-30 150,070.20 36,361.41 12,994.46
2013-03-31 146,308.63 35,879.90 12,580.33
2012-12-31 141,549.11 34,883.23 12,110.50

*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.
  • Whilst Advanced Info Service made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Advanced Info Service used its assets more efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Advanced Info Service's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Advanced Info Service'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 Wireless Telecom 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.
Advanced Info Service has a total score of 2/6, 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 Advanced Info Service'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 Advanced Info Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Advanced Info Service's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Advanced Info Service's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Advanced Info Service'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 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Advanced Info Service Company Filings, last reported 1 month ago.

DB:NVAA Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 62,098.47 97,923.28 11,280.82
2019-06-30 64,529.38 97,318.18 11,197.88
2019-03-31 56,768.60 103,103.53 20,498.42
2018-12-31 57,668.58 108,998.22 9,066.89
2018-09-30 50,821.02 113,173.60 8,246.73
2018-06-30 56,068.63 102,669.75 7,555.28
2018-03-31 48,035.77 100,236.68 8,498.89
2017-12-31 50,426.79 109,505.42 10,650.41
2017-09-30 41,892.51 108,352.74 9,450.24
2017-06-30 44,845.66 103,523.82 9,525.65
2017-03-31 37,655.50 95,235.70 10,081.64
2016-12-31 42,708.33 98,768.10 11,226.14
2016-09-30 36,225.07 107,091.61 10,868.46
2016-06-30 46,884.54 91,693.79 11,464.14
2016-03-31 37,279.40 62,298.67 11,879.34
2015-12-31 48,492.98 65,230.29 10,169.59
2015-09-30 38,194.39 48,375.25 8,146.90
2015-06-30 48,902.96 36,987.80 10,768.20
2015-03-31 39,052.47 36,799.22 24,981.09
2014-12-31 46,864.75 36,933.92 15,800.52
2014-09-30 37,745.05 42,228.53 13,883.69
2014-06-30 46,749.37 39,256.06 25,059.52
2014-03-31 38,277.46 17,901.78 14,708.88
2013-12-31 45,892.59 24,554.18 13,050.06
2013-09-30 37,083.65 21,304.61 12,209.09
2013-06-30 47,787.76 20,081.98 23,146.18
2013-03-31 38,603.62 23,492.65 34,606.95
2012-12-31 43,541.85 20,249.76 21,173.27
  • Advanced Info Service's level of debt (157.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (111.4% vs 157.7% today).
  • Debt is well covered by operating cash flow (77.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.9x coverage).
X
Financial health checks
We assess Advanced Info Service'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. Advanced Info Service 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 Advanced Info Service'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
3.08%
Current annual income from Advanced Info Service dividends. Estimated to be 3.69% next year.
If you bought €2,000 of Advanced Info Service shares you are expected to receive €62 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?
  • Advanced Info Service's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Advanced Info Service'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
DB:NVAA 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 23 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
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.

DB:NVAA Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 9.63 1.00
2021-12-31 9.30 19.00
2020-12-31 8.54 23.00
2019-12-31 7.69 23.00
2019-11-18
DB:NVAA Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-07 7.080 3.460
2018-08-02 7.350 3.941
2018-02-05 7.080 3.580
2017-11-02 7.020 3.769
2017-07-27 7.020 3.710
2017-02-03 8.580 4.885
2016-08-11 12.280 7.909
2016-02-04 12.990 7.842
2015-08-03 12.460 6.194
2015-02-05 12.000 5.009
2014-08-04 11.790 5.132
2014-02-11 12.150 5.445
2013-08-07 11.400 4.847
2013-02-07 10.900 4.331
2012-11-07 11.800 5.789
2012-08-10 11.800 5.673
2012-02-10 8.520 4.772
2011-08-04 8.090 6.126
2011-02-11 12.920 13.662
2010-08-16 6.300 7.030
2010-02-12 6.300 7.579
2009-02-19 6.300 7.394

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 Advanced Info Service'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 covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Advanced Info Service'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 Advanced Info Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Advanced Info Service 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 Advanced Info Service'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
Somchai Lertsutiwong
AGE 56
TENURE AS CEO 5.3 years
CEO Bio

Mr. Somchai Lertsutiwong has been the Chief Executive Officer of Advanced Info Service Public Company Limited since July 1, 2014 and as its Acting Chief Strategy Officer since 2017. He was Chief Marketing Officer of Advanced Info Service Public Company Limited from 2014 to 2017. Mr. Lertsutiwong served as Chief Marketing Officer of Advanced Info Service Public Company Limited since April 01, 2012 until July 1, 2014. He served as Executive Vice President of Marketing of Advanced Info Service Public Co. Ltd. from 2007 to 2012. Mr. Lertsutiwong served as a Vice President of Wireless services of Advanced Info Service Public Co Ltd. since August 24, 2004. Previously, Mr. Lertsutiwong served as vice president of business relations and development, in charge of dealing with state telecom regulators. His new role oversees all business for wireless content provision, with a focus on marketing. He has been an Executive Director of Advanced Info Service Public Company Limited since June 27, 2014. Mr. Lertsutiwong holds Master Degree in Business Administration from The National Institute of Development Administratiion and Master Degree in Engineering from Asian Institute of Technology.

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

Average tenure and age of the Advanced Info Service management team in years:

4.8
Average Tenure
56
Average Age
  • The tenure for the Advanced Info Service management team is about average.
Management Team

Somchai Lertsutiwong

TITLE
CEO, Acting Chief Strategy Officer & Executive Director
AGE
56
TENURE
5.3 yrs

Weng Hui

TITLE
President
AGE
64
TENURE
3.1 yrs

Tee Seeumpornroj

TITLE
Chief Finance Officer
AGE
42
TENURE
1.1 yrs

Nattiya Poapongsakorn

TITLE
Head of Investor Relations & Compliance
AGE
43
TENURE
4.8 yrs

Kantima Lerlertyuttitham

TITLE
Chief Human Resources Officer
AGE
48
TENURE
4.3 yrs

Lucas Chow

TITLE
Executive Vice President of Consumer Business Group and Vice President of Consumer Marketing
AGE
66
TENURE
20.8 yrs

Suvimon Kulalert

TITLE
Chief Audit Executive
AGE
58
TENURE
20.8 yrs

Weerawat Kiattipongthaworn

TITLE
Chief Corporate Officer
AGE
59
TENURE
3.1 yrs

Chavin Chaivatcharaporn

TITLE
Company Secretary
AGE
46
TENURE
6.8 yrs

Vivat Songsasen

TITLE
Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Advanced Info Service board of directors in years:

5.5
Average Tenure
64
Average Age
  • The tenure for the Advanced Info Service board of directors is about average.
Board of Directors

Kan Trakulhoon

TITLE
Independent Chairman of the Board
COMPENSATION
฿7M
AGE
63
TENURE
3 yrs

Somchai Lertsutiwong

TITLE
CEO, Acting Chief Strategy Officer & Executive Director
AGE
56
TENURE
5.4 yrs

Somprasong Boonyachai

TITLE
Vice Chairman
COMPENSATION
฿3M
AGE
63
TENURE
11.8 yrs

Weng Hui

TITLE
President
AGE
64
TENURE
2.3 yrs

Surasak Vajasit

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

Allen Lew

TITLE
AGE
64
TENURE
13.7 yrs

Krairit Euchukanonchai

TITLE
Independent Director
COMPENSATION
฿5M
AGE
64
TENURE
5.7 yrs

Jeann Low

TITLE
Non-executive Director
AGE
58
TENURE
6.7 yrs

Gerardo Ablaza

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

Prasan Chuaphanich

TITLE
Independent Director
COMPENSATION
฿4M
AGE
67
TENURE
2.7 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 Advanced Info Service'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. Advanced Info Service 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

Advanced Info Service Public Company Limited operates as a mobile phone network company primarily in Thailand. The company operates through three segments: Mobile Phone Services, Mobile Phone and Equipment Sales, and Datanet and Broadband Services. It is involved in the operation of cellular telephone networks in the frequency of 900 MHz; and in 2.1 GHz and 1800 MHz frequencies. The company also imports and distributes handsets and accessories, as well as distributes cash cards; and provides online data communications services through telephone landlines and optical fiber, as well as electronic payment services. In addition, it provides international telephone service, broadcasting network, and television broadcasting services for various channels, as well as insurance brokerage services. Further, the company offers IT, content aggregator, and billing and collection outsourcing services; call center services; and land and building rental services, as well as related facilities. Additionally, it provides Internet data center, and Internet and satellite uplink-downlink services for communications; and distributes Internet equipment; publishes business telephone directories and advertising; offers mobile contents; and provides online advertising services. Advanced Info Service Public Company Limited was founded in 1989 and is based in Bangkok, Thailand.

Details
Name: Advanced Info Service Public Company Limited
NVAA
Exchange: DB
Founded: 1989
฿20,422,094,566
2,973,178,632
Website: http://www.ais.co.th
Address: Advanced Info Service Public Company Limited
414 AIS Tower 1,
Phaholyothin Road,
Bangkok,
10400,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET ADVANC Ordinary Shares The Stock Exchange of Thailand TH THB 02. Jan 1992
OTCPK AVIK.F SHS FGN REG Pink Sheets LLC US USD 10. Jun 2004
OTCPK AVIF.Y SPONSORED ADR Pink Sheets LLC US USD 19. Nov 1992
DB AISF THB1(ALIEN MARKET) Deutsche Boerse AG DE EUR 02. Jan 1992
SET ADVANC-R NON VTG DEP REC EACH REP 1 ORD THB1 The Stock Exchange of Thailand TH THB 20. Aug 2001
OTCPK AVIV.F NON VTG DEP REC EACH REP 1 ORD THB1 Pink Sheets LLC US USD 20. Aug 2001
DB NVAA NON VTG DEP REC EACH REP 1 ORD THB1 Deutsche Boerse AG DE EUR 20. Aug 2001
THAMSE ADVANC-F THB1(ALIEN MARKET) Bangkok-Alien Market Stock Exchange TH THB 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Advanced Info Service employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:33
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.