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Sahamit Machinery

SET:SMIT
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SMIT
SET
฿2B
Market Cap
  1. Home
  2. TH
  3. Capital Goods
Company description

Sahamit Machinery Public Company Limited imports and distributes materials, machinery, and appliances for industries in Thailand. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Sahamit Machinery has significant price volatility in the past 3 months.
SMIT Share Price and Events
7 Day Returns
-1.4%
SET:SMIT
1.2%
TH Trade Distributors
3%
TH Market
1 Year Returns
-50.4%
SET:SMIT
-42.1%
TH Trade Distributors
-31%
TH Market
SMIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sahamit Machinery (SMIT) -1.4% -15.2% -24.1% -50.4% -44.2% -35%
TH Trade Distributors 1.2% -13.4% -29.1% -42.1% -59.8% -70.7%
TH Market 3% -17.8% -28.7% -31% -31.4% -32%
1 Year Return vs Industry and Market
  • SMIT underperformed the Trade Distributors industry which returned -42.1% over the past year.
  • SMIT underperformed the Market in Thailand which returned -31% over the past year.
Price Volatility
SMIT
Industry
5yr Volatility vs Market

Value

 Is Sahamit Machinery 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 Sahamit Machinery 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 Sahamit Machinery.

SET:SMIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year TH Government Bond Rate 1.7%

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 SET:SMIT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.861 (1 + (1- 20%) (0%))
0.907
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (0.907 * 7.46%)
8.44%

Discounted Cash Flow Calculation for SET:SMIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sahamit Machinery 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.

SET:SMIT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 8.44%)
2020 316.63 Est @ 27.82% 291.99
2021 379.88 Est @ 19.98% 323.06
2022 434.90 Est @ 14.48% 341.07
2023 481.17 Est @ 10.64% 348.00
2024 519.41 Est @ 7.95% 346.43
2025 550.92 Est @ 6.07% 338.85
2026 577.07 Est @ 4.75% 327.31
2027 599.13 Est @ 3.82% 313.39
2028 618.17 Est @ 3.18% 298.18
2029 635.01 Est @ 2.73% 282.48
Present value of next 10 years cash flows ฿3,210.00
SET:SMIT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿635.01 × (1 + 1.67%) ÷ (8.44% – 1.67%)
฿9,539.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿9,539.75 ÷ (1 + 8.44%)10
฿4,243.60
SET:SMIT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿3,210.00 + ฿4,243.60
฿7,453.60
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿7,453.60 / 530.00
฿14.06
SET:SMIT Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿14.06
Current discount Discount to share price of ฿2.90
= -1 x (฿2.90 - ฿14.06) / ฿14.06
79.4%

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

Current Discount
Amount off the current price Sahamit Machinery is available for.
Intrinsic value
>50%
Share price is ฿2.9 vs Future cash flow value of ฿14.06
Current Discount Checks
For Sahamit Machinery to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sahamit Machinery's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sahamit Machinery's share price is below the future cash flow value, and 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 Sahamit Machinery's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sahamit Machinery's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:SMIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.34
SET:SMIT Share Price ** SET (2020-04-03) in THB ฿2.9
Thailand Trade Distributors Industry PE Ratio Median Figure of 16 Publicly-Listed Trade Distributors Companies 8.33x
Thailand Market PE Ratio Median Figure of 581 Publicly-Listed Companies 11.42x

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

** Primary Listing of Sahamit Machinery.

SET:SMIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.9 ÷ 0.34

8.44x

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

  • Sahamit Machinery is overvalued based on earnings compared to the TH Trade Distributors industry average.
  • Sahamit Machinery is good value based on earnings compared to the Thailand market.
Price based on expected Growth
Does Sahamit Machinery's expected growth come at a high price?
Raw Data
SET:SMIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Trade Distributors Industry PEG Ratio Median Figure of 47 Publicly-Listed Trade Distributors Companies 0.94x
Thailand Market PEG Ratio Median Figure of 181 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sahamit Machinery, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sahamit Machinery's assets?
Raw Data
SET:SMIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿4.26
SET:SMIT Share Price * SET (2020-04-03) in THB ฿2.9
Thailand Trade Distributors Industry PB Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 0.77x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:SMIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.9 ÷ 4.26

0.68x

* Primary Listing of Sahamit Machinery.

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

  • Sahamit Machinery is good value based on assets compared to the TH Trade Distributors industry average.
X
Value checks
We assess Sahamit Machinery'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Sahamit Machinery has a total score of 4/6, 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 Sahamit Machinery expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

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

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.9%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sahamit Machinery expected to grow at an attractive rate?
  • Unable to compare Sahamit Machinery's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sahamit Machinery's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Sahamit Machinery's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:SMIT Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 8.9%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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
SET:SMIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SET:SMIT Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 2,032 330 182
2019-09-30 2,168 255 200
2019-06-30 2,256 245 224
2019-03-31 2,289 241 245
2018-12-31 2,335 256 263
2018-09-30 2,409 262 289
2018-06-30 2,382 176 278
2018-03-31 2,284 154 261
2017-12-31 2,176 85 242
2017-09-30 2,083 198 222
2017-06-30 2,052 246 213
2017-03-31 2,040 214 207

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sahamit Machinery is high growth as no earnings estimate data is available.
  • Unable to determine if Sahamit Machinery is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SET:SMIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

SET:SMIT Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.34
2019-09-30 0.38
2019-06-30 0.42
2019-03-31 0.46
2018-12-31 0.50
2018-09-30 0.55
2018-06-30 0.53
2018-03-31 0.49
2017-12-31 0.46
2017-09-30 0.42
2017-06-30 0.40
2017-03-31 0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sahamit Machinery will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Sahamit Machinery is trading at Sahamit Machinery'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Sahamit Machinery's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Sahamit Machinery'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Sahamit Machinery 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 Sahamit Machinery 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 Sahamit Machinery's growth in the last year to its industry (Trade Distributors).
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.
  • Sahamit Machinery's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Sahamit Machinery's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sahamit Machinery's 1-year earnings growth is negative, it can't be compared to the TH Trade Distributors industry average.
Earnings and Revenue History
Sahamit Machinery'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 Sahamit Machinery Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:SMIT 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 2,032.03 182.21 424.24
2019-09-30 2,168.46 200.32 438.28
2019-06-30 2,255.57 224.13 432.84
2019-03-31 2,289.23 245.43 417.27
2018-12-31 2,334.79 263.48 414.88
2018-09-30 2,408.93 289.06 411.93
2018-06-30 2,381.88 278.40 414.51
2018-03-31 2,284.11 261.34 409.40
2017-12-31 2,175.83 242.45 405.03
2017-09-30 2,083.25 222.28 397.00
2017-06-30 2,051.90 213.35 387.30
2017-03-31 2,040.12 206.86 385.16
2016-12-31 2,041.65 196.85 380.51
2016-09-30 1,933.64 168.96 376.89
2016-06-30 1,919.38 160.42 378.50
2016-03-31 1,938.46 154.09 377.50
2015-12-31 1,922.15 159.22 376.96
2015-09-30 1,985.56 181.46 376.63
2015-06-30 1,988.64 183.90 371.49
2015-03-31 2,018.79 190.65 368.49
2014-12-31 2,088.60 194.44 364.94
2014-09-30 2,143.72 200.95 372.82
2014-06-30 2,225.40 220.94 374.02
2014-03-31 2,302.37 239.06 376.88
2013-12-31 2,378.94 264.16 383.88
2013-09-30 2,434.31 269.38 377.43
2013-06-30 2,614.97 299.07 382.14

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sahamit Machinery is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sahamit Machinery's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sahamit Machinery'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.
  • Sahamit Machinery has no debt, it does not need to be covered by short term assets.
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 Sahamit Machinery Company Filings, last reported 3 months ago.

SET:SMIT Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,258.59 0.00 253.12
2019-09-30 2,235.89 17.10 189.26
2019-06-30 2,252.93 0.00 196.17
2019-03-31 2,318.24 0.55 249.32
2018-12-31 2,261.88 2.56 216.73
2018-09-30 2,215.88 3.72 214.17
2018-06-30 2,218.45 1.73 215.00
2018-03-31 2,263.02 9.68 294.62
2017-12-31 2,188.97 17.80 240.51
2017-09-30 2,117.47 3.29 213.71
2017-06-30 2,130.89 0.39 259.21
2017-03-31 2,170.84 0.44 340.57
2016-12-31 2,119.44 0.39 356.82
2016-09-30 2,067.67 6.56 240.23
2016-06-30 2,078.49 7.70 231.40
2016-03-31 2,104.66 0.48 293.34
2015-12-31 2,060.82 7.48 162.99
2015-09-30 1,981.25 1.33 54.20
2015-06-30 2,003.24 7.20 157.77
2015-03-31 2,023.67 6.06 181.89
2014-12-31 1,973.01 1.66 118.62
2014-09-30 1,927.47 16.85 94.17
2014-06-30 1,934.59 21.21 41.65
2014-03-31 1,970.18 21.27 91.69
2013-12-31 1,913.82 24.96 11.42
2013-09-30 1,861.41 141.97 12.81
2013-06-30 1,848.66 170.73 42.98
  • Sahamit Machinery has no debt.
  • Sahamit Machinery has no debt compared to 5 years ago when it was 0.1%.
  • Sahamit Machinery has no debt, it does not need to be covered by operating cash flow.
  • Sahamit Machinery has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Sahamit Machinery'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. Sahamit Machinery has a total score of 6/6, 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 Sahamit Machinery'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
12.41%
Current annual income from Sahamit Machinery dividends.
If you bought ฿2,000 of Sahamit Machinery shares you are expected to receive ฿248 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?
  • Sahamit Machinery's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.29%).
  • Sahamit Machinery's dividend is above the markets top 25% of dividend payers in Thailand (8.66%).
Upcoming dividend payment

Purchase Sahamit Machinery before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
SET:SMIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Thailand Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 7.7%
Thailand Market Average Dividend Yield Market Cap Weighted Average of 572 Stocks 4.6%
Thailand Minimum Threshold Dividend Yield 10th Percentile 2%
Thailand Bottom 25% Dividend Yield 25th Percentile 3.3%
Thailand Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

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

SET:SMIT Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.360 8.152
2018-08-10 0.360 6.019
2018-03-08 0.360 6.104
2017-03-10 0.300 5.302
2016-03-11 0.260 6.590
2016-02-19 0.280 7.269
2015-05-15 0.220 5.149
2015-03-12 0.220 4.851
2014-08-07 0.260 5.775
2014-05-08 0.260 5.535
2014-03-14 0.260 5.298
2013-08-09 0.280 5.722
2013-05-15 0.360 6.632
2013-03-19 0.360 5.576
2012-08-10 0.260 5.418
2012-05-10 0.220 5.469
2012-04-30 0.220 5.404
2011-08-25 0.240 7.752
2011-05-18 0.190 6.635
2011-04-26 0.190 6.841
2010-11-11 0.100 3.713
2010-08-06 0.100 4.586
2010-05-07 0.050 2.712
2010-03-22 0.050 3.227
2009-08-07 0.110 7.601
2009-05-07 0.110 8.369

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 Sahamit Machinery's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sahamit Machinery's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2%) - 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 Sahamit Machinery afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sahamit Machinery 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 Sahamit Machinery'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
Chaisilp Tamesirichai
COMPENSATION ฿150,000
AGE 75
TENURE AS CEO 46.3 years
CEO Bio

Mr. Chaisilp Tamesirichai has been the Chairman and President of Sahamit Machinery Public Company Limited since 1974 and also serves as its Member of Executive Board. Mr. Tamesirichai served as Managing Director of Sahamit Machinery Public Company Limited. Mr. Tamesirichai has been a Director of Sahamit Holding Co. Ltd. since 1976, Unique Design Co. Ltd. since 1987, K.S. Mould Parts Co.,Ltd. since 1988 and Sahamit Paper Industries Co., Ltd. since 1996. He served as a Director at TCC Holding Co., Ltd. until July 25, 2008 and Thai Capital Corporation Public Company Limited since June 19, 2007. He also did Director Certification Program, Director Accreditation Program and Finance for Non-Finance Directors. He received his BA degree from Assumption Commercial College and MA in Political Science, both from Ramkamhaeng University. Mr. Tamesirichai received his Certificate of MINI MBA from Chulalongkorn University.

CEO Compensation
  • Chaisilp's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Chaisilp's remuneration is lower than average for companies of similar size in Thailand.
Management Team Tenure

Average tenure and age of the Sahamit Machinery management team in years:

12.3
Average Tenure
46
Average Age
  • The average tenure for the Sahamit Machinery management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Chaisilp Tamesirichai

TITLE
Chairman
COMPENSATION
฿150K
AGE
75
TENURE
46.3 yrs

Prasong Srithornratkul

TITLE
Vice Chairman of the Board & Member of Executive Board
COMPENSATION
฿150K
AGE
75

Phut Sorayanthanawut

TITLE
MD, Member of Executive Board & Director
COMPENSATION
฿150K
AGE
56

Prangtip Sivaruk

TITLE
Deputy MD
COMPENSATION
฿150K
AGE
43

Charndej Tamesirichai

TITLE
Deputy MD
COMPENSATION
฿145K
AGE
47

Piyanuch Tamesirichai

TITLE
Deputy MD
COMPENSATION
฿150K
AGE
46

Piyaporn Srithornratkul

TITLE
Deputy MD
COMPENSATION
฿150K
AGE
45

Praiwan Srithornratkul

TITLE
Chief Finance Officer
AGE
46
TENURE
12.3 yrs

Tasanee Tawornchaiwat

TITLE
Accounting Manager

Nuttaporn Tamesirichai

TITLE
Company Secretary
AGE
42
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the Sahamit Machinery board of directors in years:

16.3
Average Tenure
64
Average Age
  • The average tenure for the Sahamit Machinery board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Chaisilp Tamesirichai

TITLE
Chairman
COMPENSATION
฿150K
AGE
75
TENURE
46.3 yrs

Prasong Srithornratkul

TITLE
Vice Chairman of the Board & Member of Executive Board
COMPENSATION
฿150K
AGE
75

Phut Sorayanthanawut

TITLE
MD, Member of Executive Board & Director
COMPENSATION
฿150K
AGE
56

Prangtip Sivaruk

TITLE
Deputy MD
COMPENSATION
฿150K
AGE
43

Charndej Tamesirichai

TITLE
Deputy MD
COMPENSATION
฿145K
AGE
47

Piyanuch Tamesirichai

TITLE
Deputy MD
COMPENSATION
฿150K
AGE
46

Piyaporn Srithornratkul

TITLE
Deputy MD
COMPENSATION
฿150K
AGE
45

Vapirom Manasrangsi

TITLE
Independent Director
COMPENSATION
฿395K
AGE
72
TENURE
16.3 yrs

Prayoon Vivetpuvanonth

TITLE
Independent Director
COMPENSATION
฿415K
AGE
76

Pornsin Thaemsirichai

TITLE
Director
COMPENSATION
฿140K
AGE
74
TENURE
6.9 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 Sahamit Machinery'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. Sahamit Machinery 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

Sahamit Machinery Public Company Limited imports and distributes materials, machinery, and appliances for industries in Thailand. The company operates through three segments: Steel & Heat Treatment, Machine Tools & Tooling, and Others. It distributes special steels for making molds, including hot work tool steel for aluminum extrusion and die-casting; cold work tool steel for blanking and punching tools, shear blades, automobiles, and electronic appliances; high speed steel for end mill cutters, twist drills, and wood-working tools; and plastic mold steel for PVC pipes, melamine kitchenware, and screw parts in the plastic injection machines. The company also distributes CNC EDM, wire cutting, high speed machining center, and measuring machines; and machineries, including carbide cutting tools, digital readouts, measuring equipment, milling machines, surface grinding machines, and automatic band sawing machines, as well as spare parts. In addition, it distributes pulp and paper products, machineries, accessories, forming fabric felts, canvass, refiner plates, chemicals, etc. for pulp and paper industry; and offers paper converting services. Further, the company distributes a range of electrotechnical products and services, including electrical measuring instruments, medium voltage automation and protection products, and low voltage switchgears, as well as offers electrical engineering services; and aluminum alloys. Additionally, it provides wood processing machinery and equipment, as well as heat treatment services; and chipper, flaker, circular, and straight knives. The company was founded in 1973 and is headquartered in Bangkok, Thailand.

Details
Name: Sahamit Machinery Public Company Limited
SMIT
Exchange: SET
Founded: 1973
฿1,537,000,000
530,000,000
Website: http://www.sahamit.co.th
Address: Sahamit Machinery Public Company Limited
42, 48 Soi chokchaijongjumroen,
Rama 3 Road,
Bangkok,
10120,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET SMIT Ordinary Shares The Stock Exchange of Thailand TH THB 18. May 2005
SET SMIT-R THB1(NVDR) The Stock Exchange of Thailand TH THB 19. May 2005
Number of employees
Current staff
Staff numbers
0
Sahamit Machinery employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:59
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/13
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.