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Thaivivat Insurance

SET:TVI
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TVI
SET
฿939M
Market Cap
  1. Home
  2. TH
  3. Insurance
Company description

Thaivivat Insurance Public Company Limited engages in non-life insurance business in Thailand. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Thaivivat Insurance has significant price volatility in the past 3 months.
TVI Share Price and Events
7 Day Returns
1.3%
SET:TVI
1.9%
TH Insurance
3%
TH Market
1 Year Returns
-20.1%
SET:TVI
-29.2%
TH Insurance
-31%
TH Market
TVI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thaivivat Insurance (TVI) 1.3% -16.2% -26.2% -20.1% -21.3% -54.1%
TH Insurance 1.9% -7.6% -20.2% -29.2% -54.1% -57.4%
TH Market 3% -17.8% -28.7% -31% -31.4% -32%
1 Year Return vs Industry and Market
  • TVI outperformed the Insurance industry which returned -29.2% over the past year.
  • TVI outperformed the Market in Thailand which returned -31% over the past year.
Price Volatility
TVI
Industry
5yr Volatility vs Market

Value

 Is Thaivivat Insurance 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 Thaivivat Insurance 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 Thaivivat Insurance.

SET:TVI 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
= ฿4.01 * 4.5%
฿0.18
Book Value of Equity per Share Median Book Value from the past 5 years. ฿4.01
Discount Rate (Cost of Equity) See below 8%
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:TVI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 20%) (0%))
0.849
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (0.849 * 7.46%)
8%

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

The calculations below outline how an intrinsic value for Thaivivat Insurance 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:TVI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.5% – 8%) * ฿4.01)
฿-0.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ฿-0.14 / (8% - 1.67%)
฿-2.23
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ฿4.01 + ฿-2.23
฿1.78
SET:TVI Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿1.78
Current discount Discount to share price of ฿3.10
= -1 x (฿3.10 - ฿1.78) / ฿1.78
-73.7%

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

  • The current share price of Thaivivat Insurance 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 Thaivivat Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thaivivat Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:TVI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.37
SET:TVI Share Price ** SET (2020-04-03) in THB ฿3.1
Thailand Insurance Industry PE Ratio Median Figure of 15 Publicly-Listed Insurance Companies 9.7x
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 Thaivivat Insurance.

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

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

= 3.1 ÷ 0.37

8.29x

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

  • Thaivivat Insurance is good value based on earnings compared to the TH Insurance industry average.
  • Thaivivat Insurance is good value based on earnings compared to the Thailand market.
Price based on expected Growth
Does Thaivivat Insurance's expected growth come at a high price?
Raw Data
SET:TVI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Insurance Industry PEG Ratio Median Figure of 52 Publicly-Listed Insurance Companies 1.11x
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 Thaivivat Insurance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thaivivat Insurance's assets?
Raw Data
SET:TVI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿4.29
SET:TVI Share Price * SET (2020-04-03) in THB ฿3.1
Thailand Insurance Industry PB Ratio Median Figure of 18 Publicly-Listed Insurance Companies 0.81x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:TVI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.1 ÷ 4.29

0.72x

* Primary Listing of Thaivivat Insurance.

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

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

Future Performance

 How is Thaivivat Insurance 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 Thaivivat Insurance 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
6.7%
Expected Insurance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thaivivat Insurance expected to grow at an attractive rate?
  • Unable to compare Thaivivat Insurance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Thaivivat Insurance's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Thaivivat Insurance's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:TVI Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Asia Insurance Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
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:TVI 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:TVI Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 3,888 94 113
2019-09-30 3,680 91 56
2019-06-30 3,582 86 172
2019-03-31 3,372 145 123
2018-12-31 3,250 67 112
2018-09-30 3,171 29 141
2018-06-30 3,002 86 57
2018-03-31 2,955 80 66
2017-12-31 2,837 81 33
2017-09-30 2,815 123 55
2017-06-30 2,802 187 21
2017-03-31 2,814 98 41

*GAAP earnings excluding extraordinary items.

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

SET:TVI Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.37
2019-09-30 0.18
2019-06-30 0.57
2019-03-31 0.40
2018-12-31 0.37
2018-09-30 0.46
2018-06-30 0.19
2018-03-31 0.22
2017-12-31 0.11
2017-09-30 0.16
2017-06-30 0.07
2017-03-31 0.13

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

Next steps:

  1. Examine whether Thaivivat Insurance is trading at Thaivivat Insurance'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. Thaivivat Insurance'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 Insurance 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 Thaivivat Insurance'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.
Thaivivat Insurance has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Thaivivat Insurance 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 Thaivivat Insurance's growth in the last year to its industry (Insurance).
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.
  • Thaivivat Insurance's year on year earnings growth rate has been positive over the past 5 years.
  • Thaivivat Insurance's 1-year earnings growth is less than its 5-year average (1.1% vs 2%)
  • Thaivivat Insurance's earnings growth has exceeded the TH Insurance industry average in the past year (1.1% vs -4.3%).
Earnings and Revenue History
Thaivivat Insurance'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 Thaivivat Insurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:TVI 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 3,887.54 113.34 541.00
2019-09-30 3,680.26 55.55 542.77
2019-06-30 3,581.55 171.58 517.13
2019-03-31 3,371.59 122.70 485.60
2018-12-31 3,250.35 112.10 475.58
2018-09-30 3,171.34 140.85 447.00
2018-06-30 3,002.11 56.88 440.85
2018-03-31 2,955.14 66.39 433.83
2017-12-31 2,836.67 32.76 424.53
2017-09-30 2,815.11 54.82 409.69
2017-06-30 2,802.06 20.84 400.57
2017-03-31 2,813.91 40.57 390.67
2016-12-31 2,847.14 25.10 374.42
2016-09-30 2,757.41 -16.25 348.32
2016-06-30 2,711.50 -3.57 347.38
2016-03-31 2,649.99 -17.55 334.95
2015-12-31 2,627.04 22.32 332.00
2015-09-30 2,614.41 77.47 313.67
2015-06-30 2,636.69 144.31 300.40
2015-03-31 2,688.38 208.42 326.04
2014-12-31 2,666.28 183.10 329.45
2014-09-30 2,638.36 165.49 333.79
2014-06-30 2,530.66 86.41 350.34
2014-03-31 2,385.37 16.02 320.69
2013-12-31 2,392.88 98.86 311.58
2013-09-30 2,360.39 127.54 324.80
2013-06-30 2,334.26 176.14 316.74

*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.
  • Thaivivat Insurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thaivivat Insurance used its assets less efficiently than the TH Insurance industry average last year based on Return on Assets.
  • Thaivivat Insurance has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thaivivat Insurance'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 Insurance 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.
Thaivivat Insurance has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Thaivivat Insurance'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 Thaivivat Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thaivivat Insurance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Thaivivat Insurance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thaivivat Insurance'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.
  • Thaivivat Insurance has no debt, it does not need to be covered by short term assets.
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 Thaivivat Insurance Company Filings, last reported 3 months ago.

SET:TVI Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,313.57 0.00 575.34
2019-09-30 1,326.47 0.00 559.09
2019-06-30 1,332.23 0.00 545.89
2019-03-31 1,343.86 0.00 553.03
2018-12-31 1,252.65 0.00 461.11
2018-09-30 1,320.27 0.00 500.90
2018-06-30 1,175.09 0.00 542.91
2018-03-31 1,233.11 0.00 474.36
2017-12-31 1,182.75 0.00 518.83
2017-09-30 1,182.37 0.00 568.40
2017-06-30 1,124.12 0.00 591.02
2017-03-31 1,127.57 0.00 517.73
2016-12-31 1,104.58 0.00 483.95
2016-09-30 1,111.15 0.00 386.82
2016-06-30 1,121.14 0.00 423.16
2016-03-31 1,122.38 0.00 368.69
2015-12-31 1,094.77 0.00 584.76
2015-09-30 1,112.07 0.00 386.76
2015-06-30 1,143.84 0.00 520.64
2015-03-31 1,150.72 0.00 448.13
2014-12-31 1,101.30 0.00 333.15
2014-09-30 1,078.92 0.00 457.44
2014-06-30 999.54 0.00 457.98
2014-03-31 946.38 0.00 510.56
2013-12-31 921.56 0.00 569.75
2013-09-30 931.71 0.00 394.15
2013-06-30 961.25 0.00 694.76
  • Thaivivat Insurance has no debt.
  • Thaivivat Insurance has not taken on any debt in the past 5 years.
  • Thaivivat Insurance has no debt, it does not need to be covered by operating cash flow.
  • Thaivivat Insurance has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Thaivivat Insurance'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. Thaivivat Insurance has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Thaivivat Insurance'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
6.45%
Current annual income from Thaivivat Insurance dividends.
If you bought ฿2,000 of Thaivivat Insurance shares you are expected to receive ฿129 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?
  • Thaivivat Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.29%).
  • Thaivivat Insurance's dividend is below the markets top 25% of dividend payers in Thailand (8.66%).
Upcoming dividend payment

Purchase Thaivivat Insurance 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:TVI 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 Insurance Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5.5%
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:TVI Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.200 6.109
2019-02-26 0.200 4.681
2018-02-27 0.070 1.916
2017-02-27 0.050 1.304
2016-02-26 0.050 1.223
2015-02-27 0.056 1.024
2015-02-25 0.056 0.834
2014-02-26 0.160 3.173
2013-02-27 0.215 4.053
2012-05-15 0.075 1.997
2012-04-17 0.075 4.231
2011-02-25 0.165 8.991
2010-04-01 0.055 3.963
2009-11-16 0.000 0.000
2009-08-14 0.000 0.000
2009-05-19 0.000 0.000

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 Thaivivat Insurance'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 Thaivivat Insurance'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 Thaivivat Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thaivivat Insurance has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Thaivivat Insurance'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
Jiraphant Asvatanakul
COMPENSATION ฿180,000
AGE 59
TENURE AS CEO 27.3 years
CEO Bio

Mr. Jiraphant Asvatanakul has been Chief Executive Officer of Thaivivat Insurance Public Company Limited since 1993 and also has been its President since January 1, 2017. Mr. Asvatanakul has been Secretary of General Insurance Association since 2001. He serves as Vice President and Director of Road Accident Victims Protection Company Limited. He has been Independent Director at Vichitbhan Palmoil Public Company Limited since May 9, 2016. He has been Director of Thaivivat Insurance Public Company Limited since May 12, 1986. Mr. Asvatanakul has been an Independent Director of Road Victim Protection Co., Ltd. since 2001. He has been a Director of Thai Reinsurance Public Company Limited since October 1993. He has been Member of Asean Insurance Council Board since 2001. He has been Thailand Chief Delegate In East Asia Insurance Congress since 2006. He served as Director of Aberdeen Asset Management Public Co.,Ltd. from 2001 to 2004. He served as Director of Thaire Life Assurance Public Company Limited from October 2012 to February 23, 2016. He served as Member of Voluntary Motor Insurance Tariff Committee, Department of Insurance, Ministry of Commerce. from 1999 to 2000. Mr. Asvatanakul holds B.A. in Economics from Thammasart University, Master of Professional Accounting from University of Texas at Austin, U.S.A. and Training Course of IOD (Thal Institution of Directors Association). He received Directors Certification Program(DCP) from Thai Institute of Directors Association.

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

Jiraphant Asvatanakul

TITLE
President
COMPENSATION
฿180K
AGE
59
TENURE
27.3 yrs

Sutepee Asvatanakul

TITLE
MD, CFO & Director
COMPENSATION
฿160K
AGE
59

Thawan Viranont

TITLE
VP, Advisor of CEO & Director
COMPENSATION
฿320K
AGE
70

Sunee Theravithayangkura

TITLE
Company Secretary & Director
COMPENSATION
฿305K
AGE
68
TENURE
11.7 yrs

Duangkaew Viriyanusak

TITLE
Senior Accounting Manager

Somkrit Surachewakit

TITLE
Vice President of Sales

Praphid Dhiraprayudti

TITLE
Senior Executive Vice President

Krailoes Hanvivadhanakul

TITLE
Executive Vice President

Suraphong Theravithayangkura

TITLE
Executive Vice President

Janejira Asvatanakul

TITLE
Executive Vice President
Board of Directors Tenure

Average tenure and age of the Thaivivat Insurance board of directors in years:

20.8
Average Tenure
70
Average Age
  • The average tenure for the Thaivivat Insurance board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Chalaw Fuangaromya

TITLE
Independent Chairman
COMPENSATION
฿625K
AGE
82
TENURE
5 yrs

Jiraphant Asvatanakul

TITLE
President
COMPENSATION
฿180K
AGE
59
TENURE
33.9 yrs

Sutepee Asvatanakul

TITLE
MD, CFO & Director
COMPENSATION
฿160K
AGE
59
TENURE
33.8 yrs

Thawan Viranont

TITLE
VP, Advisor of CEO & Director
COMPENSATION
฿320K
AGE
70
TENURE
27 yrs

Sunee Theravithayangkura

TITLE
Company Secretary & Director
COMPENSATION
฿305K
AGE
68
TENURE
33.8 yrs

Phisit Setthawong

TITLE
Independent Director
COMPENSATION
฿660K
AGE
74
TENURE
14.5 yrs

Pilai Piamphongsarn

TITLE
Independent Director
COMPENSATION
฿630K
AGE
82
TENURE
20.8 yrs

Supaporn Burapakusolsri

TITLE
Independent Director
COMPENSATION
฿325K
AGE
66
TENURE
3.4 yrs

Pranee Phasipol

TITLE
Independent Director
COMPENSATION
฿670K
AGE
70
TENURE
5 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 Thaivivat Insurance'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. Thaivivat Insurance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Thaivivat Insurance Public Company Limited engages in non-life insurance business in Thailand. Its insurance products include fire, marine and transportation, motor, and miscellaneous products. It also provides reinsurance products. Thaivivat Insurance Public Company Limited was founded in 1951 and is headquartered in Bangkok, Thailand.

Details
Name: Thaivivat Insurance Public Company Limited
TVI
Exchange: SET
Founded: 1951
฿939,300,000
303,000,000
Website: http://www.thaivivat.co.th
Address: Thaivivat Insurance Public Company Limited
71 Thaivivat Insurance Building,
Dindaeng Road,
Bangkok,
10400,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET TVI Ordinary Shares The Stock Exchange of Thailand TH THB 10. May 1993
SET TVI-R THB1(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Thaivivat Insurance employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:51
End of day share price update: 2020/04/03 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.