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Business Online

SET:BOL
Snowflake Description

Flawless balance sheet with outstanding track record.

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

Business Online Public Company Limited, together with its subsidiaries, develops and provides local and global financial information systems in Thailand. The last earnings update was 44 days ago. More info.


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BOL Share Price and Events
7 Day Returns
3.1%
SET:BOL
-14.4%
Asia Professional Services
3%
TH Market
1 Year Returns
25.5%
SET:BOL
-26.8%
Asia Professional Services
-31%
TH Market
BOL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Business Online (BOL) 3.1% -1.5% -10.1% 25.5% 42.2% 20.9%
Asia Professional Services -14.4% -29% -35.3% -26.8% -2.7% 30.3%
TH Market 3% -17.8% -28.7% -31% -31.4% -32%
1 Year Return vs Industry and Market
  • BOL outperformed the Professional Services industry which returned -26.8% over the past year.
  • BOL outperformed the Market in Thailand which returned -31% over the past year.
Price Volatility
BOL
Industry
5yr Volatility vs Market

Value

 Is Business Online 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 Business Online 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 Business Online.

SET:BOL 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%
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:BOL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.774 (1 + (1- 20%) (0%))
0.848
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (0.848 * 7.46%)
8%

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

The calculations below outline how an intrinsic value for Business Online 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:BOL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 8%)
2020 268.70 Est @ 45.52% 248.80
2021 355.66 Est @ 32.37% 304.93
2022 438.03 Est @ 23.16% 347.73
2023 511.22 Est @ 16.71% 375.78
2024 573.58 Est @ 12.2% 390.39
2025 625.44 Est @ 9.04% 394.16
2026 668.15 Est @ 6.83% 389.89
2027 703.43 Est @ 5.28% 380.08
2028 732.96 Est @ 4.2% 366.70
2029 758.17 Est @ 3.44% 351.22
Present value of next 10 years cash flows ฿3,549.00
SET:BOL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿758.17 × (1 + 1.67%) ÷ (8% – 1.67%)
฿12,179.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿12,179.83 ÷ (1 + 8%)10
฿5,642.25
SET:BOL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿3,549.00 + ฿5,642.25
฿9,191.25
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿9,191.25 / 820.51
฿11.2
SET:BOL Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿11.20
Current discount Discount to share price of ฿2.66
= -1 x (฿2.66 - ฿11.20) / ฿11.20
76.3%

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

Current Discount
Amount off the current price Business Online is available for.
Intrinsic value
>50%
Share price is ฿2.66 vs Future cash flow value of ฿11.2
Current Discount Checks
For Business Online to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Business Online's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Business Online'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 Business Online's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Business Online's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:BOL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.18
SET:BOL Share Price ** SET (2020-04-03) in THB ฿2.66
Asia Professional Services Industry PE Ratio Median Figure of 159 Publicly-Listed Professional Services Companies 14.31x
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 Business Online.

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

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

= 2.66 ÷ 0.18

15.17x

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

  • Business Online is overvalued based on earnings compared to the Asia Professional Services industry average.
  • Business Online is overvalued based on earnings compared to the Thailand market.
Price based on expected Growth
Does Business Online's expected growth come at a high price?
Raw Data
SET:BOL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Professional Services Industry PEG Ratio Median Figure of 55 Publicly-Listed Professional Services Companies 1.14x
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 Business Online, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Business Online's assets?
Raw Data
SET:BOL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿0.61
SET:BOL Share Price * SET (2020-04-03) in THB ฿2.66
Asia Professional Services Industry PB Ratio Median Figure of 195 Publicly-Listed Professional Services Companies 1.56x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:BOL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.66 ÷ 0.61

4.36x

* Primary Listing of Business Online.

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

  • Business Online is overvalued based on assets compared to the Asia Professional Services industry average.
X
Value checks
We assess Business Online'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Business Online 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 Business Online 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 Business Online 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
18.1%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Business Online expected to grow at an attractive rate?
  • Unable to compare Business Online's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Business Online's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Business Online's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:BOL Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
Asia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10.6%
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:BOL 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:BOL Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 538 226 144
2019-09-30 548 201 137
2019-06-30 519 136 123
2019-03-31 509 122 115
2018-12-31 487 86 104
2018-09-30 473 98 103
2018-06-30 447 92 81
2018-03-31 431 91 78
2017-12-31 437 93 77
2017-09-30 414 89 78
2017-06-30 411 106 78
2017-03-31 406 85 74

*GAAP earnings excluding extraordinary items.

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

SET:BOL Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.18
2019-09-30 0.17
2019-06-30 0.15
2019-03-31 0.14
2018-12-31 0.13
2018-09-30 0.13
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.10
2017-06-30 0.10
2017-03-31 0.09

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

Next steps:

  1. Check out Business Online's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Business Online'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 Commercial Services 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 Business Online'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.
Business Online 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 Business Online 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 Business Online's growth in the last year to its industry (Professional Services).
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.
  • Business Online's year on year earnings growth rate has been positive over the past 5 years.
  • Business Online's 1-year earnings growth exceeds its 5-year average (38.3% vs 14.5%)
  • Business Online's earnings growth has exceeded the Asia Professional Services industry average in the past year (38.3% vs 13.5%).
Earnings and Revenue History
Business Online'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 Business Online Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:BOL Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 538.12 143.91 173.43
2019-09-30 548.47 136.98 168.01
2019-06-30 518.76 123.17 163.34
2019-03-31 508.57 115.01 153.25
2018-12-31 487.49 104.09 155.19
2018-09-30 472.71 103.36 138.93
2018-06-30 446.53 81.20 140.52
2018-03-31 431.14 77.83 140.66
2017-12-31 436.52 76.61 133.86
2017-09-30 414.38 78.38 128.19
2017-06-30 411.08 77.50 119.23
2017-03-31 405.75 74.20 122.60
2016-12-31 399.30 72.59 124.83
2016-09-30 392.47 67.85 131.50
2016-06-30 371.02 65.74 128.56
2016-03-31 353.49 63.14 120.52
2015-12-31 341.71 61.19 116.51
2015-09-30 384.89 69.22 107.52
2015-06-30 428.16 78.07 108.03
2015-03-31 437.79 76.79 107.29
2014-12-31 455.68 79.13 103.43
2014-09-30 452.56 99.03 96.91
2014-06-30 416.33 95.37 92.06
2014-03-31 428.30 92.95 92.76
2013-12-31 404.48 90.03 95.19
2013-09-30 402.31 81.71 104.06
2013-06-30 407.98 78.80 104.61

*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.
  • Business Online has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Business Online used its assets more efficiently than the Asia Professional Services industry average last year based on Return on Assets.
  • Business Online has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Business Online'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 Professional Services 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.
Business Online has a total score of 6/6, 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 Business Online'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 Business Online's finances.

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

SET:BOL Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 500.94 0.00 257.98
2019-09-30 479.18 0.00 251.44
2019-06-30 476.87 0.00 230.35
2019-03-31 535.96 0.00 286.03
2018-12-31 505.24 0.00 238.99
2018-09-30 491.86 0.00 228.51
2018-06-30 454.13 0.00 202.40
2018-03-31 422.92 0.00 230.84
2017-12-31 468.77 0.00 218.91
2017-09-30 411.10 0.00 150.38
2017-06-30 395.59 0.00 146.89
2017-03-31 366.28 0.00 166.57
2016-12-31 403.11 0.00 140.43
2016-09-30 385.99 0.00 120.79
2016-06-30 370.91 0.00 91.57
2016-03-31 343.69 0.00 118.61
2015-12-31 373.84 0.00 85.82
2015-09-30 359.73 0.00 50.65
2015-06-30 346.33 0.00 10.74
2015-03-31 353.50 20.00 83.06
2014-12-31 338.33 40.00 64.07
2014-09-30 317.80 60.00 36.57
2014-06-30 294.91 81.77 19.19
2014-03-31 274.25 30.82 54.46
2013-12-31 296.28 30.82 36.32
2013-09-30 258.51 0.00 35.03
2013-06-30 272.25 0.00 44.79
  • Business Online has no debt.
  • Business Online has no debt compared to 5 years ago when it was 11.8%.
  • Business Online has no debt, it does not need to be covered by operating cash flow.
  • Business Online has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Business Online'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. Business Online 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 Business Online'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
6.77%
Current annual income from Business Online dividends.
If you bought ฿2,000 of Business Online shares you are expected to receive ฿135 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?
  • Business Online's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.29%).
  • Business Online's dividend is below the markets top 25% of dividend payers in Thailand (8.66%).
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:BOL 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
Asia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 126 Stocks 1.8%
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:BOL Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.180 6.841
2019-11-07 0.120 4.039
2019-08-06 0.120 4.104
2019-02-14 0.120 5.234
2018-02-15 0.080 4.033
2017-02-15 0.070 3.425
2016-02-18 0.060 3.330
2015-02-24 0.050 2.572
2014-02-19 0.090 4.849
2013-08-14 0.090 5.602
2013-02-20 0.090 4.563
2012-08-09 0.090 4.355
2012-02-20 0.090 6.375
2011-08-09 0.090 7.135
2011-05-11 0.090 6.507
2011-03-02 0.090 6.725
2010-11-09 0.080 6.025
2010-08-10 0.080 5.724
2010-04-02 0.090 6.697

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 Business Online's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x 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 Business Online'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 Business Online afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Business Online 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 Business Online'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
Chamaiporn Apikulvanich
AGE 57
TENURE AS CEO 17.3 years
CEO Bio

Ms. Chamaiporn Apikulvanich has been the Chief Executive Officer of Business Online Public Co. Ltd. since 2003. Ms. Apikulvanich served as General Manager of Business Online Public Company Limited since 2003. Ms. Apikulvanich has been a Director of Business Online Public Co. Ltd. since October 24,2003. Ms. Apikulvanich serves as a Director of iBOL Co., Ltd. She has Master of Applied Statistics in Computer Science in Economics from Nida and a Bachelor of Arts from The University of the Thai Chamber of Commerce.

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

Average tenure and age of the Business Online management team in years:

17.3
Average Tenure
49
Average Age
  • The average tenure for the Business Online management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jack Intanate

TITLE
Executive Chairman
AGE
64
TENURE
17.3 yrs

Chamaiporn Apikulvanich

TITLE
CEO & Director
AGE
57
TENURE
17.3 yrs

Kanyapan Buranarom

TITLE
Chief Financial Officer
AGE
45
TENURE
17.3 yrs

Chaiyaporn Kiatnuntavimon

TITLE
COO, Company Secretary & Director
AGE
47
TENURE
17.3 yrs

Wiroon Ariyasoonthorn

TITLE
Assistant Accounting Manager
TENURE
0.2 yrs

Intira Inturattana

TITLE
Chief Data Officer
AGE
49
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Business Online board of directors in years:

15.3
Average Tenure
56
Average Age
  • The average tenure for the Business Online board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jack Intanate

TITLE
Executive Chairman
AGE
64
TENURE
17.3 yrs

Banyong Limprayoonwong

TITLE
Chairman of the Board
AGE
64
TENURE
2.1 yrs

Chamaiporn Apikulvanich

TITLE
CEO & Director
AGE
57
TENURE
16.5 yrs

Chaiyaporn Kiatnuntavimon

TITLE
COO, Company Secretary & Director
AGE
47
TENURE
4.7 yrs

Anant Tangtatswas

TITLE
Independent Director
AGE
68
TENURE
17.3 yrs

Karndee Leopairote

TITLE
Independent Director
AGE
44
TENURE
7.1 yrs

Prayoon Rattanachaiyanont

TITLE
Director
AGE
55
TENURE
16.5 yrs

Manida Zinmerman

TITLE
Independent Director
AGE
52
TENURE
16.5 yrs

Suteera Sripaibulya

TITLE
Independent Director
AGE
65
TENURE
11.6 yrs

Wilson Teo

TITLE
Director
AGE
52
TENURE
14.2 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 Business Online'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. Business Online 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

Business Online Public Company Limited, together with its subsidiaries, develops and provides local and global financial information systems in Thailand. It also provides online and offline business information services, as well as consulting and database management services; and social business services. The company was founded in 1995 and is headquartered in Bangkok, Thailand.

Details
Name: Business Online Public Company Limited
BOL
Exchange: SET
Founded: 1995
฿2,182,544,630
820,505,500
Website: http://www.bol.co.th
Address: Business Online Public Company Limited
No: 1023, MS Siam Towers,
28 Floor,
Bangkok,
10120,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET BOL Ordinary Shares The Stock Exchange of Thailand TH THB 21. Apr 2004
SET BOL-R THB0.1(NVDR) The Stock Exchange of Thailand TH THB 21. Apr 2004
Number of employees
Current staff
Staff numbers
0
Business Online employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 14:35
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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

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