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Thai Nondestructive Testing

SET:TNDT-R
Snowflake Description

Undervalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNDT-R
SET
฿163M
Market Cap
  1. Home
  2. TH
  3. Commercial Services
Company description

Thai Nondestructive Testing Public Company Limited, a technical service company, provides nondestructive engineering services in Thailand. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Thai Nondestructive Testing has significant price volatility in the past 3 months.
TNDT-R Share Price and Events
7 Day Returns
-34.8%
SET:TNDT-R
-10.7%
TH Commercial Services
-2.8%
TH Market
1 Year Returns
-61.7%
SET:TNDT-R
-29.8%
TH Commercial Services
-32.8%
TH Market
TNDT-R Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thai Nondestructive Testing (TNDT-R) -34.8% -54.7% -55.5% -61.7% -83.7% -90.4%
TH Commercial Services -10.7% -28% -32.7% -29.8% -50.1% -47.2%
TH Market -2.8% -19.7% -30.3% -32.8% -33.2% -33.7%
1 Year Return vs Industry and Market
  • TNDT-R underperformed the Commercial Services industry which returned -29.8% over the past year.
  • TNDT-R underperformed the Market in Thailand which returned -32.8% over the past year.
Price Volatility
TNDT-R
Industry
5yr Volatility vs Market

Value

 Is Thai Nondestructive Testing 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 Thai Nondestructive Testing 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 Thai Nondestructive Testing.

SET:TNDT-R 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 12.9%
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:TNDT-R
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 20%) (237.09%))
1.503
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.5
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (1.503 * 7.46%)
12.88%

Discounted Cash Flow Calculation for SET:TNDT-R using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Thai Nondestructive Testing 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:TNDT-R DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 12.88%)
2020 44.96 Est @ 25.22% 39.83
2021 53.12 Est @ 18.15% 41.69
2022 60.13 Est @ 13.21% 41.81
2023 65.99 Est @ 9.75% 40.65
2024 70.83 Est @ 7.32% 38.65
2025 74.81 Est @ 5.63% 36.16
2026 78.13 Est @ 4.44% 33.46
2027 80.95 Est @ 3.61% 30.71
2028 83.40 Est @ 3.03% 28.03
2029 85.59 Est @ 2.62% 25.48
Present value of next 10 years cash flows ฿356.00
SET:TNDT-R DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿85.59 × (1 + 1.67%) ÷ (12.88% – 1.67%)
฿776.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿776.32 ÷ (1 + 12.88%)10
฿231.15
SET:TNDT-R Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿356.00 + ฿231.15
฿587.15
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿587.15 / 100.00
฿5.87
SET:TNDT-R Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿5.87
Current discount Discount to share price of ฿1.63
= -1 x (฿1.63 - ฿5.87) / ฿5.87
72.2%

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

Current Discount
Amount off the current price Thai Nondestructive Testing is available for.
Intrinsic value
>50%
Share price is ฿1.63 vs Future cash flow value of ฿5.87
Current Discount Checks
For Thai Nondestructive Testing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thai Nondestructive Testing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thai Nondestructive Testing'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 Thai Nondestructive Testing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thai Nondestructive Testing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:TNDT-R PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.22
SET:TNDT Share Price ** SET (2020-03-27) in THB ฿1.63
Thailand Commercial Services Industry PE Ratio Median Figure of 14 Publicly-Listed Commercial Services Companies 13.54x
Thailand Market PE Ratio Median Figure of 581 Publicly-Listed Companies 11.17x

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

** Primary Listing of Thai Nondestructive Testing.

SET:TNDT-R PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.63 ÷ 0.22

7.49x

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

  • Thai Nondestructive Testing is good value based on earnings compared to the TH Commercial Services industry average.
  • Thai Nondestructive Testing is good value based on earnings compared to the Thailand market.
Price based on expected Growth
Does Thai Nondestructive Testing's expected growth come at a high price?
Raw Data
SET:TNDT-R PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Commercial Services Industry PEG Ratio Median Figure of 80 Publicly-Listed Commercial Services Companies 1.2x
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 Thai Nondestructive Testing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thai Nondestructive Testing's assets?
Raw Data
SET:TNDT-R PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿4.56
SET:TNDT Share Price * SET (2020-03-27) in THB ฿1.63
Thailand Commercial Services Industry PB Ratio Median Figure of 20 Publicly-Listed Commercial Services Companies 0.54x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.76x
SET:TNDT-R PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.63 ÷ 4.56

0.36x

* Primary Listing of Thai Nondestructive Testing.

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

  • Thai Nondestructive Testing is good value based on assets compared to the TH Commercial Services industry average.
X
Value checks
We assess Thai Nondestructive Testing'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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Thai Nondestructive Testing has a total score of 5/6, 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 Thai Nondestructive Testing 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 Thai Nondestructive Testing 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
17.8%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thai Nondestructive Testing expected to grow at an attractive rate?
  • Unable to compare Thai Nondestructive Testing's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Thai Nondestructive Testing's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Thai Nondestructive Testing's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:TNDT-R Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:TNDT-R Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:TNDT-R Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 342 79 22
2019-09-30 339 70 -64
2019-06-30 328 56 -70
2019-03-31 331 50 -63
2018-12-31 316 64 -88
2018-09-30 323 63 -4
2018-06-30 344 49 10
2018-03-31 325 58 6
2017-12-31 321 43 21
2017-09-30 316 47 38
2017-06-30 298 64 23
2017-03-31 323 61 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Thai Nondestructive Testing is high growth as no earnings estimate data is available.
  • Unable to determine if Thai Nondestructive Testing 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:TNDT-R Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Thai Nondestructive Testing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:TNDT-R Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.22
2019-09-30 -0.64
2019-06-30 -0.70
2019-03-31 -0.63
2018-12-31 -0.88
2018-09-30 -0.04
2018-06-30 0.10
2018-03-31 0.06
2017-12-31 0.21
2017-09-30 0.38
2017-06-30 0.23
2017-03-31 0.26

*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 Thai Nondestructive Testing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Thai Nondestructive Testing is trading at Thai Nondestructive Testing'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. Thai Nondestructive Testing'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 Thai Nondestructive Testing'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.
Thai Nondestructive Testing 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 Thai Nondestructive Testing 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 Thai Nondestructive Testing's growth in the last year to its industry (Commercial 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.
  • Thai Nondestructive Testing's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Thai Nondestructive Testing has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Thai Nondestructive Testing has become profitable in the last year making it difficult to compare the TH Commercial Services industry average.
Earnings and Revenue History
Thai Nondestructive Testing'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 Thai Nondestructive Testing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:TNDT-R Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 342.17 21.76 55.16
2019-09-30 338.69 -64.38 133.74
2019-06-30 327.88 -69.72 134.62
2019-03-31 331.14 -63.26 128.07
2018-12-31 315.74 -87.67 139.96
2018-09-30 322.60 -4.01 64.02
2018-06-30 344.47 10.41 65.40
2018-03-31 325.45 6.10 66.09
2017-12-31 320.80 21.31 52.15
2017-09-30 316.41 37.73 46.18
2017-06-30 298.23 22.60 45.13
2017-03-31 323.09 26.19 52.27
2016-12-31 345.31 24.40 57.44
2016-09-30 360.90 8.84 69.27
2016-06-30 381.10 25.39 68.04
2016-03-31 402.03 42.55 60.70
2015-12-31 431.50 61.24 55.46
2015-09-30 468.37 68.57 48.56
2015-06-30 495.48 75.00 53.38
2015-03-31 498.07 81.89 52.61
2014-12-31 484.57 88.06 52.79
2014-09-30 458.77 98.48 56.33
2014-06-30 437.05 104.27 48.52
2014-03-31 405.63 97.61 46.12
2013-12-31 374.59 86.16 41.40
2013-09-30 352.36 80.72 34.68
2013-06-30 342.36 78.61 32.31
2013-03-31 341.30 78.17 31.31

*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.
  • Thai Nondestructive Testing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thai Nondestructive Testing used its assets less efficiently than the TH Commercial Services industry average last year based on Return on Assets.
  • Thai Nondestructive Testing has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thai Nondestructive Testing'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 Commercial 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.
Thai Nondestructive Testing 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 Thai Nondestructive Testing'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 Thai Nondestructive Testing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thai Nondestructive Testing's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Thai Nondestructive Testing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thai Nondestructive Testing's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Thai Nondestructive Testing Company Filings, last reported 2 months ago.

SET:TNDT-R Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 445.43 360.00 4.14
2019-09-30 435.73 364.76 2.90
2019-06-30 432.73 382.23 2.55
2019-03-31 437.18 373.50 2.96
2018-12-31 428.20 378.41 2.87
2018-09-30 503.04 401.39 3.03
2018-06-30 508.04 408.02 3.66
2018-03-31 505.92 391.54 3.62
2017-12-31 521.37 408.61 3.15
2017-09-30 513.61 362.77 4.50
2017-06-30 501.54 342.37 3.95
2017-03-31 515.58 301.51 3.39
2016-12-31 516.76 286.25 3.84
2016-09-30 493.60 282.58 4.95
2016-06-30 498.70 281.45 12.47
2016-03-31 513.03 201.09 12.02
2015-12-31 514.03 154.32 26.17
2015-09-30 505.24 80.45 39.12
2015-06-30 502.35 15.00 34.77
2015-03-31 510.97 0.00 30.07
2014-12-31 495.34 0.00 69.45
2014-09-30 479.46 0.00 53.97
2014-06-30 469.36 0.00 77.82
2014-03-31 469.29 0.00 75.94
2013-12-31 445.66 0.00 46.13
2013-09-30 412.80 0.00 82.04
2013-06-30 395.78 0.00 75.85
2013-03-31 396.00 0.00 84.92
  • Thai Nondestructive Testing's level of debt (80.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 80.8% today).
  • Debt is well covered by operating cash flow (21.8%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Thai Nondestructive Testing'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. Thai Nondestructive Testing has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Thai Nondestructive Testing'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
0%
Current annual income from Thai Nondestructive Testing dividends.
If you bought ฿2,000 of Thai Nondestructive Testing shares you are expected to receive ฿0 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?
  • Unable to evaluate Thai Nondestructive Testing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Thai Nondestructive Testing's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:TNDT-R 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 5.8%
Thailand Market Average Dividend Yield Market Cap Weighted Average of 574 Stocks 4.6%
Thailand Minimum Threshold Dividend Yield 10th Percentile 2%
Thailand Bottom 25% Dividend Yield 25th Percentile 3.4%
Thailand Top 25% Dividend Yield 75th Percentile 9%

Industry and Market average data is calculated daily.

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

SET:TNDT-R Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.000 0.000
2019-11-14 0.000 0.000
2019-08-14 0.000 0.000
2019-05-14 0.000 0.000
2019-02-28 0.000 0.000
2018-11-14 0.000 0.000
2018-08-14 0.000 0.000
2018-05-14 0.000 0.000
2018-03-02 0.000 0.000
2018-02-26 0.000 0.000
2017-02-28 0.120 1.450
2016-02-25 0.270 2.401
2015-02-23 0.370 2.649
2014-08-13 0.350 2.029
2014-02-25 0.350 3.063
2013-08-13 0.310 3.032
2013-02-26 0.310 2.449
2012-08-10 0.310 4.316
2012-05-15 0.420 8.481
2011-11-14 0.200 3.854
2011-08-08 0.200 4.221
2011-05-10 0.200 3.971
2011-02-28 0.200 4.014
2010-05-17 0.320 6.137
2010-03-18 0.260 5.391
2010-02-23 0.320 6.501
2009-11-13 0.200 4.041
2009-08-13 0.200 4.905
2009-05-14 0.200 5.009

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

  • Unable to perform a dividend volatility check as Thai Nondestructive Testing has not reported any payouts.
  • Unable to verify if Thai Nondestructive Testing's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Thai Nondestructive Testing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Thai Nondestructive Testing has not reported any payouts.
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 Thai Nondestructive Testing'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 Thai Nondestructive Testing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thai Nondestructive Testing has a total score of 0/6, 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 Thai Nondestructive Testing'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
Suwat Dangpibulskul
COMPENSATION ฿365,000
AGE 77
TENURE AS CEO 12.9 years
CEO Bio

Mr. Suwat Dangpibulskul has been the Executive Chairman of the Board and President at Thai Nondestructive Testing Public Company Limited since April 26, 2007 and also serves as its President of Executive Board. Mr. Dangpibulskul holds a Bachelor degree from Medical Science, Mahidol University and Law, Ramkamheang University. Mr. Dangpibulskul holds Certificates from Director Accreditation Program No.61/2007 and Thai Institute of Directors.

CEO Compensation
  • Suwat's compensation has increased in line with Thai Nondestructive Testing recently becoming profitable.
  • Suwat's remuneration is about average for companies of similar size in Thailand.
Management Team Tenure

Average tenure and age of the Thai Nondestructive Testing management team in years:

12.9
Average Tenure
57.5
Average Age
  • The average tenure for the Thai Nondestructive Testing management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Suwat Dangpibulskul

TITLE
Executive Chairman
COMPENSATION
฿365K
AGE
77
TENURE
12.9 yrs

Krikkiat Satavuthi

TITLE
Member of Executive Board & Executive Director
COMPENSATION
฿314K
AGE
72
TENURE
18.2 yrs

Chomduen Satavuthi

TITLE
MD, Member of Executive Board & Executive Director
COMPENSATION
฿314K
AGE
73
TENURE
12.9 yrs

Niyom Minivathakorn

TITLE
Finance & Accounting Manager
AGE
52
TENURE
9.2 yrs

U. Tin Aye

TITLE
Technical Manager
AGE
56
TENURE
22.2 yrs

Vajana Sakulraemrung

TITLE
Human Resource Manager and Office Management Manager of Secretary Office & Purchasing Division
AGE
59
TENURE
15.2 yrs

Krod Songmuang

TITLE
Chief of Internal Audit - Freelance
AGE
45
TENURE
6.2 yrs

Sasiprapha Seangchai

TITLE
Company Secretary
AGE
39
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Thai Nondestructive Testing board of directors in years:

12.9
Average Tenure
73.5
Average Age
  • The average tenure for the Thai Nondestructive Testing board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Suwat Dangpibulskul

TITLE
Executive Chairman
COMPENSATION
฿365K
AGE
77
TENURE
12.9 yrs

Chaya Jivacate

TITLE
Vice Chairman of the Board
COMPENSATION
฿310K
AGE
81
TENURE
10.9 yrs

Krikkiat Satavuthi

TITLE
Member of Executive Board & Executive Director
COMPENSATION
฿314K
AGE
72
TENURE
18.2 yrs

Chomduen Satavuthi

TITLE
MD, Member of Executive Board & Executive Director
COMPENSATION
฿314K
AGE
73
TENURE
12.9 yrs

Wicha Jiwalai

TITLE
Independent Director
COMPENSATION
฿444K
AGE
74
TENURE
12.9 yrs

Vichai Watcharavathanakul

TITLE
Independent Director
COMPENSATION
฿404K
AGE
66
TENURE
12.9 yrs

Anek Panturaks

TITLE
Director
COMPENSATION
฿314K
AGE
84
TENURE
12.9 yrs

Jumpon Kluaymai-ngarm

TITLE
Independent Director
AGE
35
TENURE
1.2 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 Thai Nondestructive Testing'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. Thai Nondestructive Testing 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

Thai Nondestructive Testing Public Company Limited, a technical service company, provides nondestructive engineering services in Thailand. It operates in two segments, Nondestructive Testing Services, and Inspection Services for Pressure Vessel and Others. The company offers a range of conventional inspection services, including ultrasonic, radiography, eddy current, magnetic particle, liquid penetrant, positive material identification, and visual services. It also provides advance nondestructive testing technology and inspection techniques, such as above ground storage tank program, pipeline radiography, small controlled area radiography, remote visual inspection, positive material identification, and liquid pressure test packs. In addition, the company engages in the generation and sale of electricity from coal-fired thermal power; rendering excavation and transportation services of coal for the coal mine concessionaire; and procurement and servicing of public utility systems and other related businesses. Further, it offers engineering inspection and nondestructive testing of pressure vessels, heat exchangers, boilers, piping, and structures in the fields of oil refinery, power plant, petrochemical plant, ship building, offshore, bridge and building construction, and other various heavy industries. The company was founded in 1982 and is headquartered in Bangkok, Thailand.

Details
Name: Thai Nondestructive Testing Public Company Limited
TNDT-R
Exchange: SET
Founded: 1982
฿163,000,000
100,000,000
Website: http://www.tndt.co.th
Address: Thai Nondestructive Testing Public Company Limited
19 Soi Suanson 8,
Ramkamhaeng Road,
Bangkok,
10240,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET TNDT Common Shares The Stock Exchange of Thailand TH THB 15. Oct 2007
SET TNDT-R THB1 (NVDR) The Stock Exchange of Thailand TH THB 15. Oct 2007
Number of employees
Current staff
Staff numbers
0
Thai Nondestructive Testing employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 15:59
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/02/27
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.