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Patum Rice Mill and Granary

SET:PRG
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRG
SET
฿7B
Market Cap
  1. Home
  2. TH
  3. Food, Beverage & Tobacco
Company description

Patum Rice Mill and Granary Public Company Limited, together with its subsidiaries, engages in the processing and packaging of rice and related business in Thailand, the United States, Canada, Europe, the Asia Pacific, and internationally. The last earnings update was 33 days ago. More info.


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PRG Share Price and Events
7 Day Returns
10.5%
SET:PRG
3.1%
TH Food
3%
TH Market
1 Year Returns
-12.1%
SET:PRG
-13.6%
TH Food
-31%
TH Market
PRG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Patum Rice Mill and Granary (PRG) 10.5% -3.3% -7.2% -12.1% -4.9% 1.8%
TH Food 3.1% -8.1% -12.6% -13.6% -35.9% -23.5%
TH Market 3% -17.8% -28.7% -31% -31.4% -32%
1 Year Return vs Industry and Market
  • PRG outperformed the Food industry which returned -13.6% over the past year.
  • PRG outperformed the Market in Thailand which returned -31% over the past year.
Price Volatility
PRG
Industry
5yr Volatility vs Market

PRG Value

 Is Patum Rice Mill and Granary 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 Patum Rice Mill and Granary 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 Patum Rice Mill and Granary.

SET:PRG 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 7.6%
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:PRG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.566 (1 + (1- 20%) (9.89%))
0.739
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (0.8 * 7.46%)
7.64%

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

The calculations below outline how an intrinsic value for Patum Rice Mill and Granary 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:PRG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 7.64%)
2020 460.07 Est @ 68.74% 427.43
2021 683.77 Est @ 48.62% 590.17
2022 919.92 Est @ 34.54% 737.66
2023 1,146.93 Est @ 24.68% 854.42
2024 1,350.79 Est @ 17.77% 934.89
2025 1,525.62 Est @ 12.94% 980.97
2026 1,671.49 Est @ 9.56% 998.49
2027 1,791.74 Est @ 7.19% 994.37
2028 1,890.94 Est @ 5.54% 974.96
2029 1,973.70 Est @ 4.38% 945.42
Present value of next 10 years cash flows ฿8,438.00
SET:PRG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿1,973.70 × (1 + 1.67%) ÷ (7.64% – 1.67%)
฿33,623.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿33,623.68 ÷ (1 + 7.64%)10
฿16,106.05
SET:PRG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿8,438.00 + ฿16,106.05
฿24,544.05
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿24,544.05 / 600.00
฿40.91
SET:PRG Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿40.91
Current discount Discount to share price of ฿11.60
= -1 x (฿11.60 - ฿40.91) / ฿40.91
71.6%

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

Current Discount
Amount off the current price Patum Rice Mill and Granary is available for.
Intrinsic value
>50%
Share price is ฿11.6 vs Future cash flow value of ฿40.91
Current Discount Checks
For Patum Rice Mill and Granary to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Patum Rice Mill and Granary's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Patum Rice Mill and Granary'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 Patum Rice Mill and Granary's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Patum Rice Mill and Granary's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:PRG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.59
SET:PRG Share Price ** SET (2020-04-02) in THB ฿11.6
Thailand Food Industry PE Ratio Median Figure of 34 Publicly-Listed Food Companies 13.09x
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 Patum Rice Mill and Granary.

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

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

= 11.6 ÷ 0.59

19.71x

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

  • Patum Rice Mill and Granary is overvalued based on earnings compared to the TH Food industry average.
  • Patum Rice Mill and Granary is overvalued based on earnings compared to the Thailand market.
Price based on expected Growth
Does Patum Rice Mill and Granary's expected growth come at a high price?
Raw Data
SET:PRG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Thailand Food Industry PEG Ratio Median Figure of 11 Publicly-Listed Food Companies 1.07x
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 Patum Rice Mill and Granary, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Patum Rice Mill and Granary's assets?
Raw Data
SET:PRG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿15.02
SET:PRG Share Price * SET (2020-04-02) in THB ฿11.6
Thailand Food Industry PB Ratio Median Figure of 45 Publicly-Listed Food Companies 0.87x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:PRG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.6 ÷ 15.02

0.77x

* Primary Listing of Patum Rice Mill and Granary.

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

  • Patum Rice Mill and Granary is good value based on assets compared to the TH Food industry average.
X
Value checks
We assess Patum Rice Mill and Granary'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Patum Rice Mill and Granary 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.

PRG Future Performance

 How is Patum Rice Mill and Granary 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 Patum Rice Mill and Granary 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
8%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Patum Rice Mill and Granary expected to grow at an attractive rate?
  • Unable to compare Patum Rice Mill and Granary's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Patum Rice Mill and Granary's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Patum Rice Mill and Granary's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:PRG Future Growth Rates Data Sources
Data Point Source Value (per year)
Thailand Food Industry Earnings Growth Rate Market Cap Weighted Average 8%
Thailand Food Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SET:PRG 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:PRG Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 1,993 318 353
2019-09-30 2,157 362 331
2019-06-30 2,128 38 329
2019-03-31 2,249 -290 308
2018-12-31 2,213 -217 322
2018-09-30 2,086 -433 259
2018-06-30 1,962 -243 230
2018-03-31 1,740 -76 236
2017-12-31 1,630 -187 232
2017-09-30 1,571 142 466
2017-06-30 1,675 115 317
2017-03-31 1,731 150 335

*GAAP earnings excluding extraordinary items.

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

SET:PRG Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.59
2019-09-30 0.55
2019-06-30 0.55
2019-03-31 0.46
2018-12-31 0.54
2018-09-30 0.43
2018-06-30 0.38
2018-03-31 0.45
2017-12-31 0.39
2017-09-30 0.78
2017-06-30 0.52
2017-03-31 0.50

*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 Patum Rice Mill and Granary will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Patum Rice Mill and Granary is trading at Patum Rice Mill and Granary'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. Patum Rice Mill and Granary'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 Food, Beverage & Tobacco 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 Patum Rice Mill and Granary'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.
Patum Rice Mill and Granary 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.

PRG Past Performance

  How has Patum Rice Mill and Granary 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 Patum Rice Mill and Granary's growth in the last year to its industry (Food).
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.
  • Patum Rice Mill and Granary's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Patum Rice Mill and Granary's 1-year earnings growth exceeds its 5-year average (9.8% vs -1.9%)
  • Patum Rice Mill and Granary's earnings growth has exceeded the TH Food industry average in the past year (9.8% vs 0.5%).
Earnings and Revenue History
Patum Rice Mill and Granary'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 Patum Rice Mill and Granary Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:PRG 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 1,993.49 353.17 305.69
2019-09-30 2,157.33 331.04 367.15
2019-06-30 2,127.62 329.34 382.37
2019-03-31 2,248.68 307.64 427.11
2018-12-31 2,213.06 321.60 436.25
2018-09-30 2,085.68 259.12 412.62
2018-06-30 1,962.48 230.40 395.16
2018-03-31 1,739.84 235.72 353.84
2017-12-31 1,630.26 232.31 348.64
2017-09-30 1,571.19 465.80 361.67
2017-06-30 1,674.91 316.95 373.52
2017-03-31 1,731.26 334.50 372.28
2016-12-31 1,857.21 339.01 393.09
2016-09-30 2,405.68 342.53 451.14
2016-06-30 2,434.02 341.32 450.20
2016-03-31 2,589.08 325.41 473.66
2015-12-31 2,553.98 326.64 452.49
2015-09-30 2,155.91 323.62 375.56
2015-06-30 2,171.91 333.66 357.65
2015-03-31 2,022.22 335.36 321.35
2014-12-31 1,998.29 328.24 307.19
2014-09-30 1,922.52 316.10 272.37
2014-06-30 1,985.57 312.09 263.15
2014-03-31 2,122.33 294.02 246.94
2013-12-31 2,240.01 294.04 242.83
2013-09-30 2,234.97 267.74 253.15
2013-06-30 2,211.49 234.36 260.69

*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.
  • Patum Rice Mill and Granary has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Patum Rice Mill and Granary has efficiently used its assets last year compared to the TH Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Patum Rice Mill and Granary 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 Patum Rice Mill and Granary'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 Food 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.
Patum Rice Mill and Granary has a total score of 2/6, 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.

PRG Health

 How is Patum Rice Mill and Granary'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 Patum Rice Mill and Granary's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Patum Rice Mill and Granary's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Patum Rice Mill and Granary's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Patum Rice Mill and Granary'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 not covered by short term assets, assets are 0.8x 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 Patum Rice Mill and Granary Company Filings, last reported 3 months ago.

SET:PRG Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 9,015.74 687.00 32.19
2019-09-30 9,667.21 600.31 23.99
2019-06-30 9,321.19 750.48 29.27
2019-03-31 8,854.88 969.00 19.52
2018-12-31 8,786.49 956.30 33.23
2018-09-30 11,079.65 905.08 18.17
2018-06-30 9,198.00 756.55 30.66
2018-03-31 9,874.63 650.22 32.20
2017-12-31 8,355.33 704.14 38.27
2017-09-30 8,365.70 465.05 33.88
2017-06-30 6,728.16 495.02 18.83
2017-03-31 6,826.41 569.23 29.67
2016-12-31 6,510.43 500.21 27.58
2016-09-30 6,724.37 557.17 19.93
2016-06-30 6,444.68 564.16 17.70
2016-03-31 6,687.46 667.12 19.92
2015-12-31 6,431.87 993.12 22.62
2015-09-30 6,180.34 730.25 32.41
2015-06-30 7,051.34 909.06 29.83
2015-03-31 6,376.33 697.22 77.45
2014-12-31 6,611.98 517.08 46.60
2014-09-30 7,271.67 382.13 43.09
2014-06-30 6,577.86 467.29 56.91
2014-03-31 6,483.18 602.69 122.87
2013-12-31 6,327.11 783.53 145.61
2013-09-30 6,722.24 656.05 109.95
2013-06-30 7,042.59 790.00 100.60
  • Patum Rice Mill and Granary's level of debt (7.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (7.9% vs 7.6% today).
  • Debt is well covered by operating cash flow (46.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Patum Rice Mill and Granary's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Patum Rice Mill and Granary'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. Patum Rice Mill and Granary 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.

PRG Dividends

 What is Patum Rice Mill and Granary'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
5.52%
Current annual income from Patum Rice Mill and Granary dividends.
If you bought ฿2,000 of Patum Rice Mill and Granary shares you are expected to receive ฿110 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?
  • Patum Rice Mill and Granary's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.29%).
  • Patum Rice Mill and Granary's dividend is below the markets top 25% of dividend payers in Thailand (8.66%).
Upcoming dividend payment

Purchase Patum Rice Mill and Granary before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:PRG 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 Food Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 3.6%
Thailand Market Average Dividend Yield Market Cap Weighted Average of 572 Stocks 4.6%
Thailand Minimum Threshold Dividend Yield 10th Percentile 2%
Thailand Bottom 25% Dividend Yield 25th Percentile 3.3%
Thailand Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

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

SET:PRG Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-03-10 0.640 5.835
2019-11-12 0.600 4.900
2019-10-01 0.600 4.719
2019-05-15 0.600 4.667
2019-03-01 0.600 4.552
2018-11-14 0.600 4.537
2018-10-16 0.600 4.481
2018-10-05 0.600 4.391
2018-03-08 0.600 4.331
2017-11-14 0.560 3.929
2017-10-03 0.560 4.058
2017-05-16 0.560 4.554
2017-03-08 0.560 4.619
2016-11-14 0.560 4.617
2016-03-01 0.560 4.470
2015-11-06 0.500 4.047
2015-10-15 0.500 3.974
2015-08-17 0.500 3.898
2015-02-24 0.500 4.080
2014-11-14 0.500 3.918
2014-10-03 0.500 3.657
2014-03-07 0.450 3.461
2013-10-02 0.450 4.444
2013-02-28 0.425 4.097
2012-09-27 0.425 4.837
2012-02-29 0.225 2.999
2011-08-23 0.400 5.283
2011-04-12 0.375 4.818
2010-11-15 0.350 5.054
2010-10-27 0.350 4.989
2010-04-23 0.300 4.942
2009-11-17 0.300 5.324
2009-09-29 0.300 6.219
2009-05-15 0.250 6.453
2009-04-29 0.250 6.332

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Patum Rice Mill and Granary's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x 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 Patum Rice Mill and Granary'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 Patum Rice Mill and Granary afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Patum Rice Mill and Granary 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.

PRG Management

 What is the CEO of Patum Rice Mill and Granary'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.
  • Patum Rice Mill and Granary has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Patum Rice Mill and Granary management team in years:

5.8
Average Tenure
58
Average Age
  • The average tenure for the Patum Rice Mill and Granary management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Suphadej Poonpipat

TITLE
Chairman of the Board
COMPENSATION
฿2M
AGE
68

Suvait Theeravachirakul

TITLE
Vice Chairman of Executive Board
COMPENSATION
฿1M
AGE
58

Somkiat Makcayathorn

TITLE
MD & Director
COMPENSATION
฿644K
AGE
53
TENURE
14.5 yrs

Pakit Iamopas

TITLE
Chairman of Executive Board & Director
TENURE
2.3 yrs

Preeyanuch Nuntachote

TITLE
Manager of Finance Department
AGE
58
TENURE
19.3 yrs

Somboon Thitinunsomboon

TITLE
Senior Vice President of Operation and Raw Material Division
AGE
60
TENURE
4.5 yrs

Prisana Klankaew

TITLE
Vice President of Accounting Department
TENURE
0.1 yrs

Kunchit Dilokwanich

TITLE
Senior Vice President of Administration Division
AGE
65
TENURE
6.3 yrs

Dararat Homrossukhon

TITLE
Head of Compliance and Company Secretary
AGE
58
TENURE
7.3 yrs

Pimonrat Chitpavanaskul

TITLE
Senior Vice President of Sales and Marketing Division
AGE
49
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Patum Rice Mill and Granary board of directors in years:

12
Average Tenure
62.5
Average Age
  • The average tenure for the Patum Rice Mill and Granary board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Suphadej Poonpipat

TITLE
Chairman of the Board
COMPENSATION
฿2M
AGE
68
TENURE
7.6 yrs

Suvait Theeravachirakul

TITLE
Vice Chairman of Executive Board
COMPENSATION
฿1M
AGE
58
TENURE
16.4 yrs

Somkiat Makcayathorn

TITLE
MD & Director
COMPENSATION
฿644K
AGE
53
TENURE
14.5 yrs

Pakit Iamopas

TITLE
Chairman of Executive Board & Director
TENURE
2.9 yrs

Pornsiri Poonakasem

TITLE
Independent Director
COMPENSATION
฿1M
AGE
67
TENURE
13.5 yrs

Sathit Parniangtong

TITLE
Independent Director
COMPENSATION
฿1M
AGE
65
TENURE
10.4 yrs

Kasemsuk Chongmankhong

TITLE
Director
COMPENSATION
฿662K
AGE
60
TENURE
13.5 yrs

Veena Arunyakasem

TITLE
Independent Director
TENURE
3.2 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 Patum Rice Mill and Granary'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. Patum Rice Mill and Granary 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.

PRG News

Simply Wall St News

PRG Company Info

Description

Patum Rice Mill and Granary Public Company Limited, together with its subsidiaries, engages in the processing and packaging of rice and related business in Thailand, the United States, Canada, Europe, the Asia Pacific, and internationally. It operates through two segments, Improving the Quality and Packaging of Milled Rice, and Food Center Business. It offers organic, Japanese, and quinoa rice, as well as rice berry granola; maboonkrong plus, white, hom mali, and other rice products; and other products, such as NUTRA ORIS 10 capsules, as well as drinking water. The company is also involved in the operation of a restaurant and food center; rental of a factory building, warehouse, and plant; provision of transportation services; and distribution of rice. The company was founded in 1981 and is headquartered in Pathum Thani, Thailand. Patum Rice Mill and Granary Public Company Limited is a subsidiary of MBK Public Company Limited.

Details
Name: Patum Rice Mill and Granary Public Company Limited
PRG
Exchange: SET
Founded: 1981
฿6,960,000,000
600,000,000
Website: http://www.patumrice.co.th
Address: Patum Rice Mill and Granary Public Company Limited
88, Moo 2, Tiwanont Road,
Bangkadee Sub-District,
Pathum Thani,
12000,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET PRG Ordinary Shares The Stock Exchange of Thailand TH THB 27. Jun 1994
SET PRG-R NON VTG DEP RCPT REP 1 ORD THB1 The Stock Exchange of Thailand TH THB 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Patum Rice Mill and Granary employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:02
End of day share price update: 2020/04/02 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.