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Group Lease

SET:GL
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GL
SET
฿4B
Market Cap
  1. Home
  2. TH
  3. Diversified Financials
Company description

Group Lease Public Company Limited, together with its subsidiaries, provides hire purchase services and asset-backed loans to consumers in Thailand, Cambodia, Singapore, Cyprus, Luxembourg, Japan, Myanmar, Indonesia, and Laos. The last earnings update was 35 days ago. More info.


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  • Group Lease has significant price volatility in the past 3 months.
GL Share Price and Events
7 Day Returns
-0.8%
SET:GL
-7.7%
TH Consumer Finance
3%
TH Market
1 Year Returns
-62.7%
SET:GL
-33.1%
TH Consumer Finance
-30.9%
TH Market
GL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Group Lease (GL) -0.8% -30.8% -39.4% -62.7% -88.7% -78.5%
TH Consumer Finance -7.7% -39.6% -42.1% -33.1% -2% 29.9%
TH Market 3% -16.9% -27.4% -30.9% -31.3% -31.9%
1 Year Return vs Industry and Market
  • GL underperformed the Consumer Finance industry which returned -33.1% over the past year.
  • GL underperformed the Market in Thailand which returned -30.9% over the past year.
Price Volatility
GL
Industry
5yr Volatility vs Market

Value

 Is Group Lease 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 Group Lease 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 Group Lease.

SET:GL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ฿3.78 * 2.8%
฿0.11
Book Value of Equity per Share Median Book Value from the past 5 years. ฿3.78
Discount Rate (Cost of Equity) See below 10.3%
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:GL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.546 (1 + (1- 20%) (155.95%))
1.152
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (1.152 * 7.46%)
10.26%

Discounted Cash Flow Calculation for SET:GL using Excess Returns Model Model

The calculations below outline how an intrinsic value for Group Lease is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SET:GL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.8% – 10.26%) * ฿3.78)
฿-0.28
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ฿-0.28 / (10.26% - 1.67%)
฿-3.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ฿3.78 + ฿-3.27
฿0.51
SET:GL Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿0.51
Current discount Discount to share price of ฿2.52
= -1 x (฿2.52 - ฿0.51) / ฿0.51
-392.7%

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

  • The current share price of Group Lease is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Group Lease's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Group Lease's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:GL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿-0.02
SET:GL Share Price ** SET (2020-04-03) in THB ฿2.52
Thailand Consumer Finance Industry PE Ratio Median Figure of 14 Publicly-Listed Consumer Finance Companies 6.86x
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 Group Lease.

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

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

= 2.52 ÷ -0.02

-116.92x

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

  • Group Lease is loss making, we can't compare its value to the TH Consumer Finance industry average.
  • Group Lease is loss making, we can't compare the value of its earnings to the Thailand market.
Price based on expected Growth
Does Group Lease's expected growth come at a high price?
Raw Data
SET:GL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -116.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Thailand Consumer Finance Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 0.79x
Thailand Market PEG Ratio Median Figure of 181 Publicly-Listed Companies 1.26x

*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 Group Lease, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Group Lease's assets?
Raw Data
SET:GL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿3.59
SET:GL Share Price * SET (2020-04-03) in THB ฿2.52
Thailand Consumer Finance Industry PB Ratio Median Figure of 15 Publicly-Listed Consumer Finance Companies 1.03x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:GL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.52 ÷ 3.59

0.7x

* Primary Listing of Group Lease.

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

  • Group Lease is good value based on assets compared to the TH Consumer Finance industry average.
X
Value checks
We assess Group Lease'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. Group Lease has a total score of 1/6, 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 Group Lease 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 Group Lease 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
11.9%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Group Lease expected to grow at an attractive rate?
  • Unable to compare Group Lease's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Group Lease's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Group Lease's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:GL Future Growth Rates Data Sources
Data Point Source Value (per year)
Thailand Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Thailand Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 17.1%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 6.7%

*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:GL 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:GL Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SET:GL Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 1,723 1,180 -33
2019-09-30 1,705 1,313 66
2019-06-30 1,833 1,657 159
2019-03-31 1,924 1,088 285
2018-12-31 1,896 918 282
2018-09-30 2,055 428 451
2018-06-30 527 1,112 -1,918
2018-03-31 519 1,848 -1,757
2017-12-31 530 1,715 -1,603
2017-09-30 365 1,447 -1,634
2017-06-30 1,950 506 893
2017-03-31 2,016 -449 866

*GAAP earnings excluding extraordinary items.

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

SET:GL Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SET:GL Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 -0.02
2019-09-30 0.04
2019-06-30 0.10
2019-03-31 0.19
2018-12-31 0.18
2018-09-30 0.30
2018-06-30 -1.26
2018-03-31 -1.15
2017-12-31 -1.05
2017-09-30 -1.07
2017-06-30 0.59
2017-03-31 0.57

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

Next steps:

  1. Take a look at our analysis of GL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Group Lease'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 Diversified Financials 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 Group Lease'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 Thailand market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Thailand 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.
Group Lease 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 Group Lease 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 Group Lease's growth in the last year to its industry (Consumer Finance).
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.
  • Group Lease does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Group Lease's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Group Lease's 1-year growth to the TH Consumer Finance industry average as it is not currently profitable.
Earnings and Revenue History
Group Lease'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 Group Lease Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:GL 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 1,722.82 -32.88
2019-09-30 1,704.74 66.20
2019-06-30 1,832.69 159.10
2019-03-31 1,924.00 284.57
2018-12-31 1,895.93 281.79
2018-09-30 2,055.34 450.83
2018-06-30 527.19 -1,917.91
2018-03-31 519.28 -1,756.82
2017-12-31 529.59 -1,603.21
2017-09-30 364.84 -1,634.10
2017-06-30 1,949.59 892.58
2017-03-31 2,016.02 866.33
2016-12-31 2,058.00 830.07
2016-09-30 2,257.30 931.89
2016-06-30 2,152.86 821.82
2016-03-31 2,002.82 694.82
2015-12-31 1,865.37 582.89
2015-09-30 1,724.98 485.35
2015-06-30 1,543.54 339.73
2015-03-31 1,327.58 217.21
2014-12-31 1,117.08 117.72
2014-09-30 979.51 35.54
2014-06-30 929.02 76.54
2014-03-31 967.90 160.44
2013-12-31 982.20 240.31
2013-09-30 978.20 334.02
2013-06-30 961.04 394.34

*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.
  • It is difficult to establish if Group Lease has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Group Lease has efficiently used its assets last year compared to the TH Consumer Finance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Group Lease improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Group Lease'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 Consumer Finance 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.
Group Lease has a total score of 0/6, 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 Group Lease'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 Group Lease's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Group Lease is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Group Lease's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Group Lease'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.
  • Debt is covered by short term assets, assets are 1.6x 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 Group Lease Company Filings, last reported 3 months ago.

SET:GL Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,606.84 5,995.25 3,091.52
2019-09-30 5,918.36 6,086.76 3,005.70
2019-06-30 5,910.42 7,615.90 4,378.91
2019-03-31 5,924.57 7,829.82 4,078.90
2018-12-31 5,778.15 7,958.74 3,745.00
2018-09-30 5,870.26 7,951.24 3,539.06
2018-06-30 5,897.17 8,119.38 3,266.03
2018-03-31 5,825.86 7,771.50 2,934.92
2017-12-31 5,725.62 8,131.15 3,079.90
2017-09-30 5,619.20 8,457.44 3,726.91
2017-06-30 8,298.99 9,482.64 3,592.16
2017-03-31 8,547.30 10,027.53 4,066.89
2016-12-31 8,264.11 8,283.09 2,551.22
2016-09-30 7,977.34 7,803.55 5,684.88
2016-06-30 7,751.11 5,217.40 2,890.60
2016-03-31 7,667.51 3,152.68 1,099.98
2015-12-31 7,581.46 2,909.22 1,044.89
2015-09-30 5,187.75 4,427.14 1,078.51
2015-06-30 3,058.40 5,077.32 1,054.81
2015-03-31 2,707.72 5,430.75 1,386.11
2014-12-31 2,513.57 4,617.96 357.45
2014-09-30 2,396.36 4,657.73 390.18
2014-06-30 2,349.10 3,235.45 402.19
2014-03-31 2,270.77 3,189.75 437.37
2013-12-31 2,261.08 3,111.07 320.55
2013-09-30 2,230.32 2,830.87 94.74
2013-06-30 2,282.92 2,519.93 308.23
  • Group Lease's level of debt (106.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (183.9% vs 106.9% today).
  • Debt is not well covered by operating cash flow (19.7%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Group Lease's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Group Lease'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. Group Lease has a total score of 3/6, 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 Group Lease'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 Group Lease dividends.
If you bought ฿2,000 of Group Lease 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 Group Lease's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Group Lease'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:GL 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 Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.1%
Thailand Market Average Dividend Yield Market Cap Weighted Average of 571 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:GL Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
SET:GL Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2018-11-14 0.000 0.000
2018-08-14 0.000 0.000
2018-05-15 0.000 0.000
2018-04-26 0.000 0.000
2017-05-15 0.274 2.703
2017-02-28 0.274 1.162
2017-02-14 0.274 0.462
2016-05-12 0.156 0.371
2016-03-15 0.156 0.733
2015-08-13 0.063 0.371
2015-02-26 0.063 0.535
2014-05-15 0.167 2.762
2014-02-21 0.167 3.338
2014-01-15 0.167 2.955
2013-08-27 0.111 1.701
2013-03-13 0.207 2.530
2013-02-22 0.215 3.262
2013-01-15 0.215 3.331
2012-03-01 0.195 6.175
2012-02-13 0.195 9.262
2011-09-30 0.343 17.078
2011-03-07 0.275 12.526
2010-12-09 0.253 11.899
2010-05-11 0.189 8.853
2010-04-02 0.189 8.709
2009-11-18 0.118 5.440
2009-08-20 0.118 5.580

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

  • Unable to perform a dividend volatility check as Group Lease has not reported any payouts.
  • Unable to verify if Group Lease's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Group Lease's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Group Lease 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 Group Lease'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 Group Lease afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Group Lease 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 Group Lease'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
Tatsuya Konoshita
COMPENSATION ฿380,000
AGE 47
TENURE AS CEO 2.2 years
CEO Bio

Mr. Tatsuya Konoshita has been Chief Executive Officer of Group Lease Public Company Ltd since February 23, 2018. He serves as President at Wedge Holdings CO., LTD. since October 2013. Mr. Konoshita has been the Chief Executive Officer of Showa Holdings Co., Ltd. since June 2008 and serves as its President and has been its Representative Executive Officer since June 2009. He has been the President of ASUKA Foods Co., Ltd. since July 2011. Mr. Konoshita served as the Chairman of Group Lease Public Company Limited since October 20, 2017 until February 23, 2018. He served as the Chairman of Executive Board of Group Lease Public Company Limited since May 11, 2016 and served as its Chief Foreign Business Development Officer until May 11, 2016. He served as Chief Investor Relations Officer of Group Lease Public Company Limited since March 10 2016. Mr. Konoshita had been Chief Business Development Officer at Group Lease Public Company Ltd. since April 20, 2011 until March 10 2016. He served as the Chief Executive Officer of United Securities Public Company Limited from March 2, 2006 to July 22, 2011, Managing Director until July 22, 2011 and Senior Executive Vice President of Business Development since 2006. He also served as an Acting Managing Director of United Securities Public Company Limited since January 15, 2011. Mr. Konoshita served as the Chairman of Executive Board at United Securities Public Company Limited from March 2, 2006 to July 22, 2011. He served as the Chairman of Wedge Holdings CO., LTD. since August 2011. He has been a Representative Director at Wedge Holdings CO., LTD. since August 2011. He has been a Director of Group Lease Public Company Limited since April 20, 2011. He has been a Representative Director of ASUKA Foods Co., Ltd. since July 2011. He has been Director of Showa Holdings Co., Ltd. since June 2008. He served as Director of United Securities Public Company Limited from March 2, 2006 to July 25, 2011. Mr. Konoshita holds a BA in History and Literature from the Osaka University.

CEO Compensation
  • Tatsuya's compensation has increased whilst company is loss making.
  • Tatsuya's remuneration is about average for companies of similar size in Thailand.
Management Team Tenure

Average tenure and age of the Group Lease management team in years:

3.3
Average Tenure
47
Average Age
  • The tenure for the Group Lease management team is about average.
Management Team

Tatsuya Konoshita

TITLE
CEO & Director
COMPENSATION
฿380K
AGE
47
TENURE
2.2 yrs

Alain Jean Dufes

TITLE
CFO & Director
COMPENSATION
฿340K
AGE
55
TENURE
2.2 yrs

Muneo Tashiro

TITLE
COO & Director
COMPENSATION
฿340K
AGE
47
TENURE
3.3 yrs

Yusuke Kozuma

TITLE
Corporate Consultant & Director
COMPENSATION
฿340K
AGE
43
TENURE
6.3 yrs

Natrada Kittikanchanakul

TITLE
Chief Accountant
TENURE
1.1 yrs

Somkid Charupaiboonphan

TITLE
Manager of Administration
AGE
57

Charas Liengvitthayakun

TITLE
General Manager of Marketing
AGE
55
TENURE
7 yrs

Boris Zschorsch

TITLE
Deputy Chief Financial Officer of Accounting & Audit
AGE
35
TENURE
1.1 yrs

Vittawat Arunakasikor

TITLE
Deputy Group Chief Financial Officer
AGE
41
TENURE
3.6 yrs

Siriphen Pongchairerks

TITLE
Company Secretary
AGE
61
TENURE
8.4 yrs
Board of Directors Tenure

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

3.7
Average Tenure
52
Average Age
  • The tenure for the Group Lease board of directors is about average.
Board of Directors

Skol Harnsuthivarin

TITLE
Independent Chairman of the Board
COMPENSATION
฿1M
AGE
75
TENURE
2.2 yrs

Tatsuya Konoshita

TITLE
CEO & Director
COMPENSATION
฿380K
AGE
47
TENURE
9 yrs

Alain Jean Dufes

TITLE
CFO & Director
COMPENSATION
฿340K
AGE
55
TENURE
3.3 yrs

Muneo Tashiro

TITLE
COO & Director
COMPENSATION
฿340K
AGE
47
TENURE
11 yrs

Pholdej Therdphithakvanij

TITLE
Independent Director
COMPENSATION
฿1M
AGE
51
TENURE
9 yrs

Yusuke Kozuma

TITLE
Corporate Consultant & Director
COMPENSATION
฿340K
AGE
43
TENURE
4 yrs

Troy Schooneman

TITLE
Independent Director
COMPENSATION
฿1M
AGE
53
TENURE
2.2 yrs

Riki Ishigami

TITLE
Director
COMPENSATION
฿340K
AGE
40
TENURE
4 yrs

Viboon Engkagul

TITLE
Independent Director
COMPENSATION
฿1M
AGE
69
TENURE
2.3 yrs

Sumalee Chokdeeanant

TITLE
Independent Director
COMPENSATION
฿1M
AGE
60
TENURE
2.2 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 Group Lease'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. Group Lease 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

Group Lease Public Company Limited, together with its subsidiaries, provides hire purchase services and asset-backed loans to consumers in Thailand, Cambodia, Singapore, Cyprus, Luxembourg, Japan, Myanmar, Indonesia, and Laos. The company offers hire purchase services and asset-backed loans for motorcycles, cars, agricultural machinery, and equipment. It also provides auction services; microfinance; and business management and consulting services comprising financing to corporates and other investment holding companies. In addition, the company offers advisory, managerial, administrative, technical, and operational services. Further, it is involved in financing activities providing funds or capital goods, including investment, working capital, and multi-financing, as well as other finance activities. The company was founded in 1986 and is headquartered in Bangkok, Thailand.

Details
Name: Group Lease Public Company Limited
GL
Exchange: SET
Founded: 1986
฿3,844,356,158
1,525,538,158
Website: http://www.grouplease.co.th
Address: Group Lease Public Company Limited
63 Soi 1, Thetsabannimittai Road,
Ladyao,
Bangkok,
10900,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET GL Ordinary Shares The Stock Exchange of Thailand TH THB 13. Oct 2004
SET GL-R THB5(NVDR) The Stock Exchange of Thailand TH THB 13. Oct 2004
THAMSE GL-F THB0.5(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 23. Apr 2007
OTCPK GPLP.F THB0.5(ALIEN MKT) Pink Sheets LLC US USD 23. Apr 2007
Number of employees
Current staff
Staff numbers
0
Group Lease employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 14:31
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2018/03/02
Last earnings filing: 2020/03/02
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.