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Thai Nippon Rubber Industry Public

SET:TNR
Snowflake Description

Flawless balance sheet unattractive dividend payer.

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

Thai Nippon Rubber Industry Public Co., Ltd. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Thai Nippon Rubber Industry Public has significant price volatility in the past 3 months.
TNR Share Price and Events
7 Day Returns
28.8%
SET:TNR
4.6%
TH Personal Products
3%
TH Market
1 Year Returns
-48.1%
SET:TNR
-47.5%
TH Personal Products
-31%
TH Market
TNR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thai Nippon Rubber Industry Public (TNR) 28.8% 11.7% -25.6% -48.1% -75.4% -
TH Personal Products 4.6% -26.1% -36.9% -47.5% 8.2% 3.6%
TH Market 3% -17.8% -28.7% -31% -31.4% -32%
1 Year Return vs Industry and Market
  • TNR matched the Personal Products industry (-47.5%) over the past year.
  • TNR underperformed the Market in Thailand which returned -31% over the past year.
Price Volatility
TNR
Industry
5yr Volatility vs Market

TNR Value

 Is Thai Nippon Rubber Industry Public undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Thai Nippon Rubber Industry Public to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thai Nippon Rubber Industry Public.

SET:TNR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in THB ฿ .240000
Payout Ratio Company Filings (2019-12-31) 5993.3%
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:TNR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 20%) (23.81%))
0.688
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:TNR using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Thai Nippon Rubber Industry Public is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SET:TNR Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ฿0.24 / (7.64% - 1.67%)
฿4.02
SET:TNR Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿4.02
Current discount Discount to share price of ฿6.70
= -1 x (฿6.70 - ฿4.02) / ฿4.02
-66.6%

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

  • The current share price of Thai Nippon Rubber Industry Public 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 Thai Nippon Rubber Industry Public's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thai Nippon Rubber Industry Public's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:TNR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.33
SET:TNR Share Price ** SET (2020-04-03) in THB ฿6.7
Thailand Personal Products Industry PE Ratio Median Figure of 6 Publicly-Listed Personal Products Companies 18.47x
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 Thai Nippon Rubber Industry Public.

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

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

= 6.7 ÷ 0.33

20.08x

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

  • Thai Nippon Rubber Industry Public is overvalued based on earnings compared to the TH Personal Products industry average.
  • Thai Nippon Rubber Industry Public is overvalued based on earnings compared to the Thailand market.
Price based on expected Growth
Does Thai Nippon Rubber Industry Public's expected growth come at a high price?
Raw Data
SET:TNR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Personal Products Industry PEG Ratio Median Figure of 43 Publicly-Listed Personal Products Companies 2.34x
Thailand Market PEG Ratio Median Figure of 181 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Thai Nippon Rubber Industry Public, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thai Nippon Rubber Industry Public's assets?
Raw Data
SET:TNR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿4.09
SET:TNR Share Price * SET (2020-04-03) in THB ฿6.7
Thailand Personal Products Industry PB Ratio Median Figure of 7 Publicly-Listed Personal Products Companies 1.64x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:TNR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.7 ÷ 4.09

1.64x

* Primary Listing of Thai Nippon Rubber Industry Public.

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

  • Thai Nippon Rubber Industry Public is good value based on assets compared to the TH Personal Products industry average.
X
Value checks
We assess Thai Nippon Rubber Industry Public'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 Personal Products 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 Personal Products industry average (and greater than 0)? (1 check)
  5. Thai Nippon Rubber Industry Public 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.

TNR Future Performance

 How is Thai Nippon Rubber Industry Public expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thai Nippon Rubber Industry Public 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
12.2%
Expected Personal Products industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thai Nippon Rubber Industry Public expected to grow at an attractive rate?
  • Unable to compare Thai Nippon Rubber Industry Public's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Thai Nippon Rubber Industry Public's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Thai Nippon Rubber Industry Public's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:TNR Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Asia Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SET:TNR 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:TNR Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 1,744 109 100
2019-09-30 1,685 198 88
2019-06-30 1,585 182 221
2019-03-31 1,525 38 262
2018-12-31 1,500 74 274
2018-09-30 1,413 53 233
2018-06-30 1,396 113 101
2018-03-31 1,405 385 133
2017-12-31 1,294 376 121
2017-09-30 1,202 251 151
2017-06-30 1,189 261 153
2017-03-31 1,155 189 148

*GAAP earnings excluding extraordinary items.

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

SET:TNR Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.33
2019-09-30 0.29
2019-06-30 0.69
2019-03-31 0.87
2018-12-31 0.91
2018-09-30 0.77
2018-06-30 0.34
2018-03-31 0.44
2017-12-31 0.40
2017-09-30 0.51
2017-06-30 0.54
2017-03-31 0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Thai Nippon Rubber Industry Public will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Thai Nippon Rubber Industry Public's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Thai Nippon Rubber Industry Public'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 Household companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Thai Nippon Rubber Industry Public's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thai Nippon Rubber Industry Public 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.

TNR Past Performance

  How has Thai Nippon Rubber Industry Public performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thai Nippon Rubber Industry Public's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thai Nippon Rubber Industry Public's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Thai Nippon Rubber Industry Public's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Thai Nippon Rubber Industry Public's 1-year earnings growth is negative, it can't be compared to the TH Personal Products industry average.
Earnings and Revenue History
Thai Nippon Rubber Industry Public's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thai Nippon Rubber Industry Public Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:TNR 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 1,743.92 100.10 271.69
2019-09-30 1,685.44 87.71 281.62
2019-06-30 1,585.07 221.36 284.93
2019-03-31 1,524.77 262.13 269.82
2018-12-31 1,499.97 274.15 219.72
2018-09-30 1,413.00 232.77 215.80
2018-06-30 1,395.70 100.75 195.59
2018-03-31 1,405.44 133.28 199.73
2017-12-31 1,293.93 121.19 193.02
2017-09-30 1,202.50 150.95 173.70
2017-06-30 1,188.79 153.27 158.09
2017-03-31 1,155.01 147.90 152.49
2016-12-31 1,203.02 194.15 153.10
2016-09-30 1,308.68 235.10 152.22
2016-03-31 1,286.07 228.54 148.40
2015-12-31 1,302.17 233.97 150.92
2014-12-31 1,175.15 108.55 189.24
2013-12-31 1,058.14 96.54 107.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Thai Nippon Rubber Industry Public has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thai Nippon Rubber Industry Public used its assets less efficiently than the TH Personal Products industry average last year based on Return on Assets.
  • Thai Nippon Rubber Industry Public's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thai Nippon Rubber Industry Public'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 Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thai Nippon Rubber Industry Public 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.

TNR Health

 How is Thai Nippon Rubber Industry Public's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thai Nippon Rubber Industry Public's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thai Nippon Rubber Industry Public is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thai Nippon Rubber Industry Public's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thai Nippon Rubber Industry Public's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is 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 Thai Nippon Rubber Industry Public Company Filings, last reported 3 months ago.

SET:TNR Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,227.31 477.96 51.42
2019-09-30 1,170.60 493.31 41.75
2019-06-30 1,127.38 522.68 72.95
2019-03-31 1,191.94 377.90 64.11
2018-12-31 1,188.49 336.78 88.60
2018-09-30 1,140.80 417.87 72.96
2018-06-30 963.93 405.70 95.40
2018-03-31 1,025.80 127.61 382.62
2017-12-31 1,010.35 24.00 222.07
2017-09-30 1,002.31 36.85 136.10
2017-06-30 957.46 40.60 87.85
2017-03-31 905.81 128.42 58.20
2016-12-31 902.43 152.71 27.35
2016-09-30 396.73 749.20 202.84
2016-03-31 563.38 331.59 53.09
2015-12-31 619.36 368.90 8.97
2014-12-31 560.60 220.77 9.12
2013-12-31 461.20 358.77 10.65
  • Thai Nippon Rubber Industry Public's level of debt (38.9%) 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 (39.4% vs 38.9% today).
  • Debt is well covered by operating cash flow (22.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).
X
Financial health checks
We assess Thai Nippon Rubber Industry Public's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thai Nippon Rubber Industry Public has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

TNR Dividends

 What is Thai Nippon Rubber Industry Public'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
3.58%
Current annual income from Thai Nippon Rubber Industry Public dividends.
If you bought ฿2,000 of Thai Nippon Rubber Industry Public shares you are expected to receive ฿72 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?
  • Thai Nippon Rubber Industry Public's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.29%).
  • Thai Nippon Rubber Industry Public's dividend is below the markets top 25% of dividend payers in Thailand (8.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SET:TNR 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 Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 5%
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:TNR Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.240 4.418
2019-02-25 0.200 2.076
2018-02-21 0.320 2.473
2017-02-27 0.050 0.244

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

  • Thai Nippon Rubber Industry Public 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 Thai Nippon Rubber Industry Public only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Thai Nippon Rubber Industry Public's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x 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 Thai Nippon Rubber Industry Public's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thai Nippon Rubber Industry Public afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thai Nippon Rubber Industry Public 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.

TNR Management

 What is the CEO of Thai Nippon Rubber Industry Public'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
Amorn Darattanaroj
CEO Bio

Mr. Amorn Darattanaroj serves as Vice President of the Board of Directors and Chief Executive Officer at Thai Nippon Rubber Public Company Limited.

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

Amorn Darattanaroj

TITLE
VP of the Board of Directors & CEO

Sumate Masileerungsri

TITLE
CFO & Company Secretary
TENURE
1.9 yrs

Pathompong Chupayak

TITLE
COO & Executive Director

Supaluck Artsakorn

TITLE
Senior Accounting Manager & Executive Director

Tossaporn Nilkhamhang

TITLE
CTO & Executive Director

Kesanee Wanakasame

TITLE
Chief Marketing Officer & Executive Director

Sirinun Dararattanaroj

TITLE
Vice Executive Director & Director
Board of Directors

Meechai Weerawaithaya

TITLE
President of the Board of Directors

Amorn Darattanaroj

TITLE
VP of the Board of Directors & CEO

Sirinun Dararattanaroj

TITLE
Vice Executive Director & Director

Somsak Dararattanaroj

TITLE
Director

Komol Dararattaroj

TITLE
Director

Silpachai Raksapol

TITLE
Director

Suvit Arunanondchai

TITLE
Independent Director
AGE
70

Amporn Purintawaragul

TITLE
Independent Director
TENURE
1.1 yrs

Nopparat Panthongwiriyakul

TITLE
Independent Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (฿) Value (฿)
X
Management checks
We assess Thai Nippon Rubber Industry Public's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thai Nippon Rubber Industry Public 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.

TNR News

Simply Wall St News

TNR Company Info

Description

Thai Nippon Rubber Industry Public Co., Ltd. manufactures and distributes condoms and lubricating gels under the Onetouch brand in Thailand and internationally. It also manufactures paper packaging products. The company sells its products through retailers and distributors. Thai Nippon Rubber Industry Public Co., Ltd. was founded in 1993 and is headquartered in Bangkok, Thailand.

Details
Name: Thai Nippon Rubber Industry Public Co., Ltd.
TNR
Exchange: SET
Founded: 1993
฿2,010,000,000
300,000,000
Website: http://www.tnrcondom.com
Address: Thai Nippon Rubber Industry Public Co., Ltd.
1 Charoenrat Road,
Thung Wat Don,
Bangkok,
10120,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET TNR Ordinary Shares The Stock Exchange of Thailand TH THB 29. Nov 2016
SET TNR-R THB1 (NVDR) The Stock Exchange of Thailand TH THB 29. Nov 2016
Number of employees
Current staff
Staff numbers
0
Thai Nippon Rubber Industry Public employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 18:31
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/26
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.