Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Mida Leasing

SET:ML
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ML
SET
฿447M
Market Cap
  1. Home
  2. TH
  3. Diversified Financials
Company description

Mida Leasing Public Company Limited provides financial services for used cars hire-purchasing and management of non-performing assets in Thailand. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Mida Leasing has significant price volatility in the past 3 months.
ML Share Price and Events
7 Day Returns
-16%
SET:ML
-13.4%
TH Consumer Finance
-2.8%
TH Market
1 Year Returns
-58.8%
SET:ML
-23.8%
TH Consumer Finance
-32.8%
TH Market
ML Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mida Leasing (ML) -16% -37.3% -51.7% -58.8% -77.7% -82.6%
TH Consumer Finance -13.4% -37.3% -38.4% -23.8% 6.7% 41.1%
TH Market -2.8% -21.3% -30.3% -32.8% -33.2% -33.6%
1 Year Return vs Industry and Market
  • ML underperformed the Consumer Finance industry which returned -23.8% over the past year.
  • ML underperformed the Market in Thailand which returned -32.8% over the past year.
Price Volatility
ML
Industry
5yr Volatility vs Market

ML Value

 Is Mida Leasing 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 Mida Leasing 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 Mida Leasing.

SET:ML 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
= ฿1.67 * 6%
฿0.10
Book Value of Equity per Share Median Book Value from the past 5 years. ฿1.67
Discount Rate (Cost of Equity) See below 15.9%
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:ML
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 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.587 (1 + (1- 20%) (377.72%))
1.913
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (1.913 * 7.46%)
15.94%

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

The calculations below outline how an intrinsic value for Mida Leasing 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:ML Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6% – 15.94%) * ฿1.67)
฿-0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ฿-0.17 / (15.94% - 1.67%)
฿-1.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ฿1.67 + ฿-1.16
฿0.51
SET:ML Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿0.51
Current discount Discount to share price of ฿0.42
= -1 x (฿0.42 - ฿0.51) / ฿0.51
17.2%

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

Current Discount
Amount off the current price Mida Leasing is available for.
Intrinsic value
17%
Share price is ฿0.42 vs Future cash flow value of ฿0.50738
Current Discount Checks
For Mida Leasing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mida Leasing's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mida Leasing's share price is below the future cash flow value, but not 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 Mida Leasing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mida Leasing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:ML PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.09
SET:ML Share Price ** SET (2020-03-27) in THB ฿0.42
Thailand Consumer Finance Industry PE Ratio Median Figure of 14 Publicly-Listed Consumer Finance Companies 7.33x
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 Mida Leasing.

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

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

= 0.42 ÷ 0.09

4.52x

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

  • Mida Leasing is good value based on earnings compared to the TH Consumer Finance industry average.
  • Mida Leasing is good value based on earnings compared to the Thailand market.
Price based on expected Growth
Does Mida Leasing's expected growth come at a high price?
Raw Data
SET:ML PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.52x
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 0.99x
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 Mida Leasing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mida Leasing's assets?
Raw Data
SET:ML PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿1.78
SET:ML Share Price * SET (2020-03-27) in THB ฿0.42
Thailand Consumer Finance Industry PB Ratio Median Figure of 15 Publicly-Listed Consumer Finance Companies 1.06x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.76x
SET:ML PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.42 ÷ 1.78

0.24x

* Primary Listing of Mida Leasing.

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

  • Mida Leasing is good value based on assets compared to the TH Consumer Finance industry average.
X
Value checks
We assess Mida Leasing'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. Mida Leasing has a total score of 3/6, 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.

ML Future Performance

 How is Mida Leasing 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 Mida Leasing 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
13.6%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mida Leasing expected to grow at an attractive rate?
  • Unable to compare Mida Leasing's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mida Leasing's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Mida Leasing's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:ML Future Growth Rates Data Sources
Data Point Source Value (per year)
Thailand Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Thailand Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 17.9%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 8.9%
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:ML 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:ML Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 381 278 99
2019-09-30 394 260 80
2019-06-30 380 195 77
2019-03-31 390 63 93
2018-12-31 380 -78 96
2018-09-30 383 -184 99
2018-06-30 398 -156 107
2018-03-31 404 -170 110
2017-12-31 403 -102 113
2017-09-30 408 -203 122
2017-06-30 413 -216 131
2017-03-31 389 -140 119

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mida Leasing is high growth as no earnings estimate data is available.
  • Unable to determine if Mida Leasing 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:ML 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 Mida Leasing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:ML Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.09
2019-09-30 0.07
2019-06-30 0.07
2019-03-31 0.09
2018-12-31 0.09
2018-09-30 0.09
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.11
2017-09-30 0.11
2017-06-30 0.12
2017-03-31 0.11

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

Next steps:

  1. Examine whether Mida Leasing is trading at Mida Leasing'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. Mida Leasing'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 Mida Leasing'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.
Mida Leasing 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.

ML Past Performance

  How has Mida Leasing 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 Mida Leasing'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.
  • Mida Leasing's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mida Leasing's 1-year earnings growth exceeds its 5-year average (2.6% vs -0.6%)
  • Mida Leasing's earnings growth has not exceeded the TH Consumer Finance industry average in the past year (2.6% vs 10.8%).
Earnings and Revenue History
Mida Leasing'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 Mida Leasing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:ML Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 381.01 98.91 312.35
2019-09-30 393.86 79.54 328.19
2019-06-30 379.58 76.96 318.69
2019-03-31 389.77 92.54 314.74
2018-12-31 379.50 96.39 312.08
2018-09-30 382.67 99.03 311.29
2018-06-30 397.86 106.77 311.72
2018-03-31 404.02 109.68 309.05
2017-12-31 402.90 112.52 298.78
2017-09-30 407.54 121.82 295.75
2017-06-30 413.00 130.62 290.70
2017-03-31 388.87 118.76 278.81
2016-12-31 381.47 118.22 275.64
2016-09-30 384.21 125.89 267.76
2016-06-30 366.34 112.70 267.84
2016-03-31 369.46 111.18 269.05
2015-12-31 361.46 102.87 276.18
2015-09-30 345.00 82.05 273.79
2015-06-30 331.03 81.04 264.16
2015-03-31 330.76 90.92 261.34
2014-12-31 318.67 87.20 249.82
2014-09-30 304.89 91.82 245.14
2014-06-30 302.35 97.31 236.05
2014-03-31 293.31 98.00 227.51
2013-12-31 302.88 112.38 219.21
2013-09-30 324.14 135.02 209.88
2013-06-30 310.55 129.01 200.23
2013-03-31 323.39 140.84 192.31

*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.
  • Mida Leasing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mida Leasing used its assets less efficiently than the TH Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Mida Leasing improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Mida Leasing'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.
Mida Leasing 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.

ML Health

 How is Mida Leasing'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 Mida Leasing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mida Leasing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mida Leasing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mida Leasing'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 2x 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 Mida Leasing Company Filings, last reported 2 months ago.

SET:ML Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,896.00 1,689.23 43.18
2019-09-30 1,860.88 1,658.34 46.55
2019-06-30 1,837.51 1,658.58 60.57
2019-03-31 1,819.64 1,751.51 86.97
2018-12-31 1,793.03 1,789.05 35.79
2018-09-30 1,777.29 1,856.38 36.77
2018-06-30 1,756.49 1,809.85 34.01
2018-03-31 1,780.34 1,717.99 35.57
2017-12-31 1,749.89 1,690.72 42.96
2017-09-30 1,731.80 1,687.34 47.09
2017-06-30 1,703.26 1,707.79 75.38
2017-03-31 1,680.65 1,714.44 184.89
2016-12-31 1,653.22 1,695.63 181.02
2016-09-30 1,625.53 1,598.22 209.18
2016-06-30 1,588.20 1,398.97 149.65
2016-03-31 1,598.73 1,269.72 32.53
2015-12-31 1,565.97 1,274.55 126.91
2015-09-30 1,530.61 1,235.80 54.58
2015-06-30 1,506.47 1,256.85 37.55
2015-03-31 1,492.44 1,269.31 50.22
2014-12-31 1,467.99 1,117.05 30.83
2014-09-30 1,453.45 1,116.25 22.23
2014-06-30 1,430.32 1,147.25 106.57
2014-03-31 1,405.97 1,199.87 25.58
2013-12-31 1,384.19 1,163.12 31.00
2013-09-30 1,365.02 1,165.63 23.86
2013-06-30 1,336.41 1,212.22 24.56
2013-03-31 1,306.92 1,229.98 32.69
  • Mida Leasing's level of debt (89.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (76.2% vs 89.1% today).
  • Debt is not well covered by operating cash flow (16.4%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Mida Leasing's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Mida Leasing'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. Mida Leasing 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.

ML Dividends

 What is Mida Leasing'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
7.14%
Current annual income from Mida Leasing dividends.
If you bought ฿2,000 of Mida Leasing shares you are expected to receive ฿143 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?
  • Mida Leasing's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.39%).
  • Mida Leasing's dividend is below the markets top 25% of dividend payers in Thailand (8.97%).
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:ML 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 3.8%
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:ML Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-03-06 0.030 5.737
2018-03-09 0.050 4.831
2017-03-10 0.009 0.564
2016-05-16 0.029 1.670
2016-03-14 0.029 1.872
2015-03-06 0.005 0.285
2014-11-14 0.004 0.181
2014-08-18 0.004 0.286
2014-05-15 0.004 0.458
2014-03-05 0.004 0.504

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

  • Mida Leasing has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Mida Leasing only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Mida Leasing's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x 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 Mida Leasing'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 Mida Leasing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mida Leasing has a total score of 2/6, see the detailed checks below.


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

ML Management

 What is the CEO of Mida Leasing'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
Wisood Ieosivikul
COMPENSATION ฿220,000
AGE 60
CEO Bio

Mr. Wisood Ieosivikul has been the Managing Director at The Retreat Hua Hin Company Limited, Max Real Estate Company Limited and Max Condo Kaset Co., Ltd. since January 18, 2013. Mr. Ieosivikul has been the Managing Director at Mida Assets Public Company Ltd since January 18, 2013. He has been the Chairman and Managing Director at Top Elements Company Limited since January 18, 2013. He has been the Chairman and Managing Director at Wipa Comdominium Company Limited since January 18, 2013. He has been the Chairman and Managing Director at Max Hotel Ramkhamhaeng Co.,Ltd., Mida Property Co.,Ltd. and Mida Assets Sanadu Co., Ltd since January 18, 2013. He has been the Chairman and Managing Director at Mida Hotel and Resort Company Limited since January 18, 2013. He has been the Chairman and Managing Director at Mida Development Company Limited., and Turtle Party Co., Ltd. since January 18, 2013. He served as Senior Deputy Managing Director at Mida Assets Public Company Ltd since 2001. He has been the Chairman and President at Mida Assets Public Company Limited since January 18, 2013 and served as its Deputy Chairman. He has been the Chairman of Mida Leasing Public Company Limited since January 18, 2013. Mr. Ieosivikul has been the Chairman of Retreat Hua Hin Company Limited and Max Condo Kaset Co., Ltd. since January 2013. He served as Deputy Chairman at Mida Assets Public Company Ltd. Mr. Ieosivikul served as a Director of General Engineering Public Co. Ltd until October 11, 2010. He is the Chairman of the Board and Managing Director of Mida Ad Co.,Ltd. since January 18, 2013. He has been a Director of Mida Leasing Public Company Limited since January 18, 2013. Mr. Ieosivikul served as a Director of Mida Leasing Public Company Ltd. until March 2010. He holds a Director Accreditation Program (DAP) Class 16/2004. He holds Bachelor Degree in Community Development from Rajabhat Institute Nakornpatom. He serves as Chairman of Max Hotel Company Limited.

CEO Compensation
  • Wisood's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Wisood's remuneration is about average for companies of similar size in Thailand.
Management Team

Wisood Ieosivikul

TITLE
Chairman of the Board & President
COMPENSATION
฿220K
AGE
60

Somsak Saksuthaporn

TITLE
Executive Director
COMPENSATION
฿120K
AGE
65

Roongrawee Iampongpaitoon

TITLE
Director & Secretary
COMPENSATION
฿120K
AGE
51

Rerngtham Chongchit

TITLE
Finance & Accounting Director
AGE
36

Jumnien Tichai

TITLE
Head of Operation Department

Sophon Kanopas

TITLE
Manager of Markting

Theerawat Kiatsomphob

TITLE
Managing Director
COMPENSATION
฿120K
AGE
60
TENURE
19.2 yrs

Saichon Yokmaneeratanakorn

TITLE
Head of Internal Audit

Rattiya Pattanasathaporn

TITLE
Head of Managing Office
Board of Directors Tenure

Average tenure and age of the Mida Leasing board of directors in years:

4.8
Average Tenure
57
Average Age
  • The tenure for the Mida Leasing board of directors is about average.
Board of Directors

Somsak Saksuthaporn

TITLE
Executive Director
COMPENSATION
฿120K
AGE
65
TENURE
16.2 yrs

Roongrawee Iampongpaitoon

TITLE
Director & Secretary
COMPENSATION
฿120K
AGE
51
TENURE
16.2 yrs

Chalong Sonjai

TITLE
Independent Director
COMPENSATION
฿220K
AGE
70
TENURE
4.3 yrs

Wisood Ieosivikul

TITLE
Chairman of the Board & President
COMPENSATION
฿220K
AGE
60
TENURE
7.2 yrs

Sorasak Ieosivikul

TITLE
Director
COMPENSATION
฿120K
AGE
54
TENURE
4.8 yrs

Kiattiporn Sirichaisakul

TITLE
Independent Director
COMPENSATION
฿120K
AGE
50
TENURE
14.2 yrs

Akachai Ieosivikul

TITLE
Director
COMPENSATION
฿120K
AGE
57
TENURE
4.2 yrs

Pinnapa Ngansujarit

TITLE
Independent Director
COMPENSATION
฿120K
AGE
51
TENURE
4.8 yrs

Tippawan Panyajirawut

TITLE
Director
COMPENSATION
฿120K
AGE
61
TENURE
4 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 Mida Leasing'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. Mida Leasing 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.

ML News

Simply Wall St News

ML Company Info

Description

Mida Leasing Public Company Limited provides financial services for used cars hire-purchasing and management of non-performing assets in Thailand. The company, through its subsidiary, Mida Asset Management Company Limited, also engages in asset management from transferred non-performing asset of financial institutions. As of December 31, 2018, it had 17 branches in Bangkok and other provinces. Mida Leasing Public Company Limited is based in Bangkok, Thailand.

Details
Name: Mida Leasing Public Company Limited
ML
Exchange: SET
Founded:
฿447,214,850
1,064,797,263
Website: http://www.mida-leasing.com
Address: Mida Leasing Public Company Limited
48/2-5, Soi Chaengwattana 14,
Chaengwattana Road,
Bangkok,
10210,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET ML Ordinary Shares The Stock Exchange of Thailand TH THB 19. Aug 2004
SET ML-R THB0.5(NVDR) The Stock Exchange of Thailand TH THB 19. Aug 2004
Number of employees
Current staff
Staff numbers
0
Mida Leasing employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 14:37
End of day share price update: 2020/03/27 00:00
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.