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White Group

SET:WG
Snowflake Description

Flawless balance sheet with acceptable track record.

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

White Group Public Company Limited imports and sells industrial chemical products in Thailand. The last earnings update was 45 days ago. More info.


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WG Share Price and Events
7 Day Returns
1.1%
SET:WG
5.6%
TH Trade Distributors
8.7%
TH Market
1 Year Returns
-
SET:WG
-39.6%
TH Trade Distributors
-27.7%
TH Market
WG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
White Group (WG) 1.1% 1.1% - - -9% -7.1%
TH Trade Distributors 5.6% -7.6% -24.2% -39.6% -58.4% -69.5%
TH Market 8.7% -4.4% -23.8% -27.7% -27.8% -28.2%
1 Year Return vs Industry and Market
  • No trading data on WG.
  • No trading data on WG.
Price Volatility
WG
Industry
5yr Volatility vs Market

WG Value

 Is White Group 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 White Group 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 White Group.

SET:WG 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:WG
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))
= 0.855 (1 + (1- 20%) (0%))
0.903
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (0.903 * 7.46%)
8.41%

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

The calculations below outline how an intrinsic value for White Group 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:WG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 8.41%)
2020 288.64 Est @ 22.81% 266.26
2021 336.17 Est @ 16.47% 286.06
2022 376.61 Est @ 12.03% 295.61
2023 410.20 Est @ 8.92% 297.01
2024 437.87 Est @ 6.75% 292.46
2025 460.74 Est @ 5.22% 283.87
2026 479.89 Est @ 4.16% 272.74
2027 496.26 Est @ 3.41% 260.17
2028 510.60 Est @ 2.89% 246.93
2029 523.48 Est @ 2.52% 233.53
Present value of next 10 years cash flows ฿2,734.00
SET:WG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿523.48 × (1 + 1.67%) ÷ (8.41% – 1.67%)
฿7,900.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿7,900.40 ÷ (1 + 8.41%)10
฿3,524.43
SET:WG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿2,734.00 + ฿3,524.43
฿6,258.43
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿6,258.43 / 17.85
฿350.61
SET:WG Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿350.61
Current discount Discount to share price of ฿136.50
= -1 x (฿136.50 - ฿350.61) / ฿350.61
61.1%

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

Current Discount
Amount off the current price White Group is available for.
Intrinsic value
>50%
Share price is ฿136.5 vs Future cash flow value of ฿350.61
Current Discount Checks
For White Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • White Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • White Group'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 White Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are White Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:WG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿9.44
SET:WG Share Price ** SET (2020-04-09) in THB ฿136.5
Thailand Trade Distributors Industry PE Ratio Median Figure of 16 Publicly-Listed Trade Distributors Companies 8.56x
Thailand Market PE Ratio Median Figure of 581 Publicly-Listed Companies 11.86x

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

** Primary Listing of White Group.

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

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

= 136.5 ÷ 9.44

14.46x

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

  • White Group is overvalued based on earnings compared to the TH Trade Distributors industry average.
  • White Group is overvalued based on earnings compared to the Thailand market.
Price based on expected Growth
Does White Group's expected growth come at a high price?
Raw Data
SET:WG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.46x
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 0.95x
Thailand Market PEG Ratio Median Figure of 180 Publicly-Listed Companies 1.31x

*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 White Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on White Group's assets?
Raw Data
SET:WG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿106.29
SET:WG Share Price * SET (2020-04-09) in THB ฿136.5
Thailand Trade Distributors Industry PB Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 0.78x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.82x
SET:WG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 136.5 ÷ 106.29

1.28x

* Primary Listing of White Group.

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

  • White Group is overvalued based on assets compared to the TH Trade Distributors industry average.
X
Value checks
We assess White Group'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. White Group 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.

WG Future Performance

 How is White Group 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 White Group 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
9.6%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is White Group expected to grow at an attractive rate?
  • Unable to compare White Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare White Group's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare White Group's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:WG Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 9.2%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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
SET:WG 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:WG Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 1,061 238 168
2019-09-30 1,065 197 152
2019-06-30 1,076 193 147
2019-03-31 1,082 142 142
2018-12-31 1,111 169 131
2018-09-30 1,121 186 135
2018-06-30 1,120 110 120
2018-03-31 1,114 106 122
2017-12-31 1,114 114 138
2017-09-30 1,126 92 156
2017-06-30 1,129 155 177
2017-03-31 1,116 169 183

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if White Group is high growth as no earnings estimate data is available.
  • Unable to determine if White Group 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:WG 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 White Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:WG Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 9.44
2019-09-30 8.53
2019-06-30 8.24
2019-03-31 7.96
2018-12-31 7.31
2018-09-30 7.58
2018-06-30 6.73
2018-03-31 6.82
2017-12-31 7.74
2017-09-30 8.73
2017-06-30 9.93
2017-03-31 10.26

*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 White Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine White Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. White Group'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 White Group'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.
White Group 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.

WG Past Performance

  How has White Group 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 White Group'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.
  • White Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • White Group's 1-year earnings growth exceeds its 5-year average (29% vs -6%)
  • White Group's earnings growth has exceeded the TH Trade Distributors industry average in the past year (29% vs 23.2%).
Earnings and Revenue History
White Group'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 White Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:WG 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 1,061.01 168.47 119.56
2019-09-30 1,065.22 152.33 117.07
2019-06-30 1,076.49 147.17 118.02
2019-03-31 1,081.78 142.15 116.89
2018-12-31 1,110.51 130.55 120.79
2018-09-30 1,121.08 135.29 116.68
2018-06-30 1,120.15 120.20 129.76
2018-03-31 1,114.39 121.69 130.30
2017-12-31 1,114.45 138.11 130.95
2017-09-30 1,125.87 155.81 135.75
2017-06-30 1,128.75 177.26 119.69
2017-03-31 1,116.04 183.10 116.88
2016-12-31 1,094.71 180.86 110.13
2016-09-30 1,068.47 173.99 106.80
2016-06-30 1,075.56 177.17 107.39
2016-03-31 1,060.59 175.93 105.39
2015-12-31 1,061.57 175.01 107.46
2015-09-30 1,063.39 179.28 109.93
2015-06-30 1,050.43 178.49 107.63
2015-03-31 1,058.97 180.14 108.47
2014-12-31 1,055.58 182.07 107.78
2014-09-30 1,056.05 184.56 111.22
2014-06-30 1,062.94 202.70 108.91
2014-03-31 1,058.39 202.38 109.18
2013-12-31 1,044.02 197.25 109.04
2013-09-30 1,018.73 193.34 99.05
2013-06-30 996.68 181.14 94.10

*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.
  • White Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • White Group used its assets more efficiently than the TH Trade Distributors industry average last year based on Return on Assets.
  • White Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess White Group'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.
White Group has a total score of 3/6, 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.

WG Health

 How is White Group'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 White Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • White Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • White Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of White Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • White Group 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 White Group Company Filings, last reported 3 months ago.

SET:WG Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,898.13 0.00 1,298.72
2019-09-30 1,853.69 0.00 1,228.52
2019-06-30 1,813.25 0.00 1,168.12
2019-03-31 1,849.11 0.00 1,171.34
2018-12-31 1,805.04 0.88 1,064.36
2018-09-30 1,777.36 0.79 1,090.49
2018-06-30 1,742.09 4.18 1,040.38
2018-03-31 1,787.43 0.00 1,103.46
2017-12-31 1,754.98 0.00 1,019.73
2017-09-30 1,722.66 0.00 992.58
2017-06-30 1,702.52 0.00 1,014.43
2017-03-31 1,755.30 0.00 1,093.52
2016-12-31 1,706.40 0.00 1,003.34
2016-09-30 1,656.15 0.00 981.83
2016-06-30 1,614.49 0.00 939.60
2016-03-31 1,661.42 0.00 999.78
2015-12-31 1,614.78 0.00 936.94
2015-09-30 1,571.40 0.00 880.11
2015-06-30 1,526.57 0.00 868.62
2015-03-31 1,583.66 0.00 959.67
2014-12-31 1,538.28 0.00 861.71
2014-09-30 1,490.62 0.00 806.75
2014-06-30 1,446.59 0.00 766.89
2014-03-31 1,502.04 0.00 844.70
2013-12-31 1,454.39 0.00 780.52
2013-09-30 1,404.27 0.00 721.84
2013-06-30 1,342.10 0.00 663.23
  • White Group has no debt.
  • White Group currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • White Group has no debt, it does not need to be covered by operating cash flow.
  • White Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess White Group'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. White Group 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.

WG Dividends

 What is White Group'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
3.11%
Current annual income from White Group dividends.
If you bought ฿2,000 of White Group 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?
  • White Group's pays a lower dividend yield than the bottom 25% of dividend payers in Thailand (3.18%).
  • White Group's dividend is below the markets top 25% of dividend payers in Thailand (8.38%).
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:WG 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 7.5%
Thailand Market Average Dividend Yield Market Cap Weighted Average of 571 Stocks 4.3%
Thailand Minimum Threshold Dividend Yield 10th Percentile 1.9%
Thailand Bottom 25% Dividend Yield 25th Percentile 3.2%
Thailand Top 25% Dividend Yield 75th Percentile 8.4%

Industry and Market average data is calculated daily.

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

SET:WG Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-03-22 4.250 2.974
2018-03-02 4.500 2.856
2017-03-09 5.000 3.351
2016-05-13 5.000 3.360
2016-03-22 5.000 3.342
2015-03-05 5.500 3.710
2014-11-07 5.500 3.753
2014-08-08 5.500 3.845
2014-05-15 5.500 4.171
2014-03-20 5.500 4.560
2013-11-14 5.000 4.591
2013-08-14 5.000 4.761
2013-05-15 5.000 4.860
2013-03-12 5.000 4.770
2012-05-14 4.500 5.417
2012-04-26 4.500 5.489
2011-11-14 4.500 6.035
2011-08-15 4.500 6.423
2011-05-13 4.500 6.095
2011-03-09 4.500 6.818
2010-05-17 3.750 5.880
2010-02-26 3.750 7.082
2009-11-16 3.990 7.935
2009-08-13 3.990 8.348
2009-05-15 3.990 9.292

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 White Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x 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 White Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 White Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. White Group has a total score of 2/6, see the detailed checks below.


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

WG Management

 What is the CEO of White Group'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
Aswin Techajareonvikul
AGE 42
CEO Bio

Mr. Aswin Techajareonvikul has been Chairman of Executive Board at White Group Public Company Limited since 2018. He serves as Chairman of White Group Public Company Limited and has been its Director since November 27, 2018.

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

Araya Tejanant

TITLE
Member of Executive Director

Aswin Techajareonvikul

TITLE
Chairman
AGE
42

Nutt-hathai Thanachaihirunsiri

TITLE
Member of Executive Director & Director
AGE
36

Kamonwan Sivaraksa

TITLE
Member of Executive Director
AGE
50

Sirikul Samutsakorn

TITLE
MD, Executive Director & Director

Sujittra Vichayasuek

TITLE
Executive Director & Director
AGE
57
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the White Group board of directors in years:

1.4
Average Tenure
54
Average Age
  • The average tenure for the White Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Aswin Techajareonvikul

TITLE
Chairman
AGE
42
TENURE
2.3 yrs

Nutt-hathai Thanachaihirunsiri

TITLE
Member of Executive Director & Director
AGE
36
TENURE
1.4 yrs

Kamonwan Sivaraksa

TITLE
Member of Executive Director
AGE
50
TENURE
1.4 yrs

Sirikul Samutsakorn

TITLE
MD, Executive Director & Director
TENURE
0.2 yrs

Sujittra Vichayasuek

TITLE
Executive Director & Director
AGE
57
TENURE
0.2 yrs

Sutthichai Sungkamanee

TITLE
Independent Director
AGE
62
TENURE
1.4 yrs

Pimpana Peetathawatchai

TITLE
Independent Director
COMPENSATION
฿893K
AGE
54
TENURE
20.1 yrs

Patrachai Hiranyaveja

TITLE
Independent Director
AGE
66
TENURE
1.3 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 White Group'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. White Group 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.

WG News

Simply Wall St News

WG Company Info

Description

White Group Public Company Limited imports and sells industrial chemical products in Thailand. It operates through three segments: Chemical Product, Investment Properties, and Security Equipment. The company offers chemicals for oil field and petrochemicals that include fuel and lubricant, driveline, and industrial additives; brake fluids; liquid dyes and markers for petroleum applications; flame retardants; and antimony oxide for plastics, textiles, paper, paints, and rubber. It also provides flavor and food ingredients comprising sweet and savory flavors, seasonings, antioxidant food grades, iron lactoferrin, milk ceramide, whey peptide, distilled monoglycerides, malt extracts, cloudy agents, and galacto-oligosaccharides/isomalto-oligosaccharide/cyclodextrin. In addition, the company offers analytical chemicals and laboratory equipment, such as dehydrated culture media and ingredients, prepared culture media, rapid testing kits, reagents, buffers, enzymes, stains, serology and immunology test reagents, hygiene monitoring systems, molecular diagnostics reagents, and laboratory glassware, as well as laboratory, chromatography, pharmaceutical, and microelectronics products. Further, it provides chemicals for coatings and plastics, including wax for floor coating and candle applications; optical brighteners for plastics and other industries; non-phthalate plasticizers for PVC, adhesives, coating, and inks; DAA, isophorone, and specialty chemicals for coating applications; specialty solvents; adhesion promoters for thermoplastic paints; resin intermediates; and susterra propanediol for polyurethane and paint applications, as well as oleo chemicals. Additionally, the company engages in rental and leasing of office space and warehouses. White Group Public Company Limited was founded in 1967 and is based in Bangkok, Thailand. As of November 23, 2018, White Group Public Company Limited operates as a subsidiary of Berli Jucker Public Company Limited.

Details
Name: White Group Public Company Limited
WG
Exchange: SET
Founded: 1967
฿2,436,525,000
17,850,000
Website: http://www.whitegroup.co.th
Address: White Group Public Company Limited
75 Soi Rubia Sukhumvit 42 Road,
Prakhanong,
Bangkok,
10110,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET WG Ordinary Shares The Stock Exchange of Thailand TH THB 02. Jan 1992
SET WG-R NON VTG DEP RCPT REP 1 ORD THB10 The Stock Exchange of Thailand TH THB 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
White Group employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 15:04
End of day share price update: 2020/04/09 00:00
Last earnings filing: 2020/02/24
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.