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Singer Thailand

SET:SINGER-R
Snowflake Description

Fair value with imperfect balance sheet.

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

Singer Thailand Public Company Limited sells electronic appliances, commercial products, and mobile phones in Thailand. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • Singer Thailand has significant price volatility in the past 3 months.
SINGER-R Share Price and Events
7 Day Returns
4.5%
SET:SINGER-R
1.6%
TH Specialty Retail
3%
TH Market
1 Year Returns
-10.3%
SET:SINGER-R
-32.9%
TH Specialty Retail
-31%
TH Market
SINGER-R Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Singer Thailand (SINGER-R) 4.5% -18.8% -24% -10.3% -69% -66.3%
TH Specialty Retail 1.6% -26.8% -35.6% -32.9% -25.5% 6.2%
TH Market 3% -17.8% -28.7% -31% -31.4% -32%
1 Year Return vs Industry and Market
  • SINGER-R outperformed the Specialty Retail industry which returned -32.9% over the past year.
  • SINGER-R outperformed the Market in Thailand which returned -31% over the past year.
Price Volatility
SINGER-R
Industry
5yr Volatility vs Market

Value

 Is Singer Thailand 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 Singer Thailand 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 Singer Thailand.

SET:SINGER-R Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in THB ฿ .100000
Payout Ratio Company Filings (2019-12-31) 12028.2%
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year TH Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SET:SINGER-R
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 20%) (169.82%))
0.969
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (0.969 * 7.46%)
8.9%

Discounted Cash Flow Calculation for SET:SINGER-R using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Singer Thailand 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:SINGER-R Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ฿0.1 / (8.9% - 1.67%)
฿1.08
SET:SINGER-R Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿1.08
Current discount Discount to share price of ฿4.18
= -1 x (฿4.18 - ฿1.08) / ฿1.08
-286.3%

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

  • The current share price of Singer Thailand 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 Singer Thailand's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Singer Thailand's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:SINGER-R PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿0.46
SET:SINGER Share Price ** SET (2020-04-03) in THB ฿4.18
Thailand Specialty Retail Industry PE Ratio Median Figure of 17 Publicly-Listed Specialty Retail Companies 11.02x
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 Singer Thailand.

SET:SINGER-R PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 4.18 ÷ 0.46

9.1x

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

  • Singer Thailand is good value based on earnings compared to the TH Specialty Retail industry average.
  • Singer Thailand is good value based on earnings compared to the Thailand market.
Price based on expected Growth
Does Singer Thailand's expected growth come at a high price?
Raw Data
SET:SINGER-R PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Thailand Specialty Retail Industry PEG Ratio Median Figure of 8 Publicly-Listed Specialty Retail Companies 1.69x
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 Singer Thailand, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Singer Thailand's assets?
Raw Data
SET:SINGER-R PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿5.84
SET:SINGER Share Price * SET (2020-04-03) in THB ฿4.18
Thailand Specialty Retail Industry PB Ratio Median Figure of 20 Publicly-Listed Specialty Retail Companies 1.27x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:SINGER-R PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.18 ÷ 5.84

0.72x

* Primary Listing of Singer Thailand.

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

  • Singer Thailand is good value based on assets compared to the TH Specialty Retail industry average.
X
Value checks
We assess Singer Thailand'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Singer Thailand 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 Singer Thailand 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 Singer Thailand 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
8.9%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Singer Thailand expected to grow at an attractive rate?
  • Unable to compare Singer Thailand's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Singer Thailand's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Singer Thailand's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:SINGER-R Future Growth Rates Data Sources
Data Point Source Value (per year)
Thailand Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 8.9%
Thailand Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5%
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:SINGER-R 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:SINGER-R Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-04
SET:SINGER-R Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 2,608 44 166
2019-09-30 2,602 -182 142
2019-06-30 2,833 -861 154
2019-03-31 2,912 -1,085 144
2018-12-31 2,889 -1,343 -81
2018-09-30 2,746 -930 -98
2018-06-30 2,496 -363 -140
2018-03-31 2,311 -264 -174
2017-12-31 2,364 -272 -10
2017-09-30 2,338 -359 23
2017-06-30 2,307 -167 27
2017-03-31 2,462 20 47

*GAAP earnings excluding extraordinary items.

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

SET:SINGER-R Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-04
SET:SINGER-R Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 0.46
2019-09-30 0.43
2019-06-30 0.52
2019-03-31 0.53
2018-12-31 -0.30
2018-09-30 -0.36
2018-06-30 -0.52
2018-03-31 -0.65
2017-12-31 -0.04
2017-09-30 0.09
2017-06-30 0.10
2017-03-31 0.17

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

Next steps:

  1. Examine whether Singer Thailand is trading at Singer Thailand'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. Singer Thailand'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 Retail 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 Singer Thailand'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.
Singer Thailand 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 Singer Thailand 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 Singer Thailand's growth in the last year to its industry (Specialty Retail).
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.
  • Singer Thailand's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Singer Thailand has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Singer Thailand has become profitable in the last year making it difficult to compare the TH Specialty Retail industry average.
Earnings and Revenue History
Singer Thailand'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 Singer Thailand Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:SINGER-R 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 2,607.77 165.89 1,407.50
2019-09-30 2,601.65 142.22 1,401.41
2019-06-30 2,833.08 153.88 1,460.62
2019-03-31 2,911.76 143.76 1,462.51
2018-12-31 2,888.64 -80.77 1,610.71
2018-09-30 2,745.95 -98.44 1,565.52
2018-06-30 2,495.58 -139.93 1,524.22
2018-03-31 2,311.28 -174.28 1,457.41
2017-12-31 2,363.88 -9.76 1,340.93
2017-09-30 2,338.21 23.40 1,267.85
2017-06-30 2,307.40 26.63 1,213.07
2017-03-31 2,462.30 46.83 1,236.88
2016-12-31 2,546.06 119.81 1,175.29
2016-09-30 2,745.60 115.54 1,226.77
2016-06-30 2,987.00 120.98 1,326.99
2016-03-31 3,242.76 148.18 1,420.99
2015-12-31 3,394.32 143.15 1,508.15
2015-09-30 3,391.97 138.88 1,562.89
2015-06-30 3,485.39 175.20 1,582.85
2015-03-31 3,446.46 186.63 1,569.27
2014-12-31 3,548.41 241.43 1,579.66
2014-09-30 3,606.41 259.91 1,556.80
2014-06-30 3,555.28 294.35 1,497.51
2014-03-31 3,677.74 334.07 1,467.33
2013-12-31 3,635.68 320.57 1,423.42
2013-09-30 3,575.86 321.60 1,416.39
2013-06-30 3,465.58 298.32 1,384.35

*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.
  • Singer Thailand has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Singer Thailand used its assets less efficiently than the TH Specialty Retail industry average last year based on Return on Assets.
  • Singer Thailand's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Singer Thailand'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 Specialty Retail 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.
Singer Thailand has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is Singer Thailand'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 Singer Thailand's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Singer Thailand is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Singer Thailand's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Singer Thailand's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x 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 Singer Thailand Company Filings, last reported 3 months ago.

SET:SINGER-R Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,343.54 2,850.00 870.77
2019-09-30 2,301.49 3,248.38 1,496.32
2019-06-30 2,268.44 2,174.35 435.30
2019-03-31 1,574.41 2,662.58 302.40
2018-12-31 1,523.76 2,801.03 289.26
2018-09-30 1,478.99 2,380.00 325.96
2018-06-30 1,435.59 2,150.00 772.45
2018-03-31 1,393.20 2,150.33 1,031.36
2017-12-31 1,577.68 1,286.15 277.10
2017-09-30 1,577.43 1,137.58 167.15
2017-06-30 1,575.52 1,063.25 209.23
2017-03-31 1,606.20 856.04 194.42
2016-12-31 1,626.17 758.57 189.86
2016-09-30 1,583.44 695.85 220.92
2016-06-30 1,578.30 863.19 297.69
2016-03-31 1,631.05 858.47 311.14
2015-12-31 1,578.04 1,023.54 272.45
2015-09-30 1,548.90 1,064.57 273.23
2015-06-30 1,538.32 1,115.20 241.89
2015-03-31 1,625.97 1,019.96 390.21
2014-12-31 1,577.98 1,057.40 289.77
2014-09-30 1,527.36 1,086.53 231.91
2014-06-30 1,480.47 1,248.08 199.89
2014-03-31 1,535.09 1,142.05 211.65
2013-12-31 1,432.30 1,144.98 201.63
2013-09-30 1,388.94 1,228.54 181.67
2013-06-30 1,307.62 1,195.42 173.38
  • Singer Thailand's level of debt (121.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67% vs 121.6% today).
  • Debt is not well covered by operating cash flow (1.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Singer Thailand'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. Singer Thailand has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Singer Thailand'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
2.39%
Current annual income from Singer Thailand dividends.
If you bought ฿2,000 of Singer Thailand shares you are expected to receive ฿48 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?
  • Singer Thailand's pays a lower dividend yield than the bottom 25% of dividend payers in Thailand (3.29%).
  • Singer Thailand's dividend is below the markets top 25% of dividend payers in Thailand (8.66%).
Upcoming dividend payment

Purchase Singer Thailand 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:SINGER-R 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.3%
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:SINGER-R Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2020-04-04
SET:SINGER-R Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-21 0.100 2.255
2019-04-17 0.000 0.000
2019-02-22 0.000 0.000
2018-11-12 0.000 0.000
2018-10-16 0.000 0.000
2018-08-10 0.000 0.000
2018-07-16 0.000 0.000
2018-05-14 0.000 0.000
2018-02-26 0.000 0.000
2017-02-20 0.250 1.907
2016-02-19 0.300 3.018
2015-02-27 0.530 4.606
2014-02-28 0.450 2.697
2013-02-28 0.300 1.417
2012-11-09 0.200 1.059
2012-08-10 0.200 1.265
2012-05-11 0.200 1.868
2011-05-18 0.100 1.786
2011-03-23 0.100 2.386

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

  • Singer Thailand has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Singer Thailand has only been paying a dividend for 9 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Singer Thailand's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x 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 Singer Thailand'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 Singer Thailand afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Singer Thailand has a total score of 1/6, 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 Singer Thailand'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
Kittipong Kanokvilairat
AGE 44
TENURE AS CEO 2.3 years
CEO Bio

Mr. Kittipong Kanokvilairat, B.E. (Business Admin), has been Chief Executive Officer of Singer Thailand Public Company Limited since January 1, 2018. He is President at Singer Thailand Public Company Limited since 2019. Mr. Kanokvilairat served as Co-Chief Executive Officer of Singer Thailand Public Company Limited since June 1, 2017 until December 31, 2017. Mr. Kanokvilairat served as Chief Marketing Officer of Products & Sales at Jay Mart Public Company Limited. Mr. Kanokvilairat served as Chief Marketing Officer of Jay Mart Public Company Limited. He served as Marketing Executive of NEC Corporation (Thailand) Limited from 1995 to 1996. He served as Account Manager of Motorola (Thailand) Co., Ltd., from 1996 to 2002. He served as General Manager of Thai Samsung Electronics Co., Ltd., from 2002 to 2006. He has been a Director of Singer Thailand Public Company Limited since November 10, 2016. He holds B.E in Business Administration from Assumption University.

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

Average tenure and age of the Singer Thailand management team in years:

4.3
Average Tenure
51
Average Age
  • The tenure for the Singer Thailand management team is about average.
Management Team

Kittipong Kanokvilairat

TITLE
President
AGE
44
TENURE
2.3 yrs

Chanthornjira Kongtongsmut

TITLE
COO, IR & Public Communication Manager and Company Secretary
AGE
52
TENURE
4.3 yrs

Rapeepan Kantayaporn

TITLE
Chief Information Officer
AGE
58
TENURE
3.8 yrs

Chalerm Charojana

TITLE
Human Resources and Administration Manager
AGE
53
TENURE
14.3 yrs

Suparaporn Phongnumkul

TITLE
Head of Public Communication Officer
AGE
44

Auntikorn Phichetkorn

TITLE
Chief Credit & Asset Officer of SG Capital Capital
AGE
51

Siam Uralwong

TITLE
Managing Director of Singer Leasing (Thailand) Co. Ltd
AGE
51
TENURE
11.5 yrs
Board of Directors Tenure

Average tenure and age of the Singer Thailand board of directors in years:

3.9
Average Tenure
58
Average Age
  • The tenure for the Singer Thailand board of directors is about average.
Board of Directors

Adisak Sukumvitaya

TITLE
Chairman of the Board
COMPENSATION
฿580K
AGE
63
TENURE
3.9 yrs

Kittipong Kanokvilairat

TITLE
President
AGE
44
TENURE
3.9 yrs

Bibit Bijaisoradat

TITLE
Independent Director
COMPENSATION
฿535K
AGE
58
TENURE
10.9 yrs

Lucksananoi Punkrasamee

TITLE
Independent Director
COMPENSATION
฿550K
AGE
67
TENURE
6.4 yrs

Piya Pong-Acha

TITLE
Director
COMPENSATION
฿344K
AGE
48
TENURE
3.9 yrs

Nonglak Laksanapokin

TITLE
Director
COMPENSATION
฿344K
AGE
58
TENURE
4 yrs

Preecha Prakobkit

TITLE
Independent Director
COMPENSATION
฿485K
AGE
70
TENURE
3.7 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 Singer Thailand'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. Singer Thailand 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

Singer Thailand Public Company Limited sells electronic appliances, commercial products, and mobile phones in Thailand. The company operates through three segments: Trade sales, Hire purchase and loans, and Service and Others. It offers home appliances, such as sew machines, sewing needles, general lubricating oils in drips and spray applications, and scissors; refrigerators, washing machines, gas stoves, and air conditioners; and audio and video products, including flat screen CRT, LCD, and LED TVs, as well as satellite dishes, and home theatre systems. The company also provides commercial products comprising chillers/coolers, which include freezers, beverage/drinks refrigerators and beer coolers, wine coolers, ice cream freezers, and slush machines; airtime, petrol, water, tire air pump, and product box vending machines; and agricultural equipment consisting of water pumps, engines for general use, and portable fertilizer spraying machines. In addition, it offers kitchen appliances. Further, the company engages in the life and non-life insurance brokerage business; hire purchase of home appliances, commercial products, and vehicles, as well as loan receivables with vehicle collateral and others; and repair and maintenance service of electrical appliances. Additionally, it provides debt collection services to a related company. The company sells its products under the Singer brand name through a network of branch outlets and sales representatives, as well as through dealers in Thailand. Singer Thailand Public Company Limited was founded in 1889 and is based in Bangkok, Thailand.

Details
Name: Singer Thailand Public Company Limited
SINGER-R
Exchange: SET
Founded: 1889
฿1,678,291,882
401,505,235
Website: http://www.singerthai.co.th
Address: Singer Thailand Public Company Limited
72 CAT Building,
17th Floor,
Bangkok,
10500,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET SINGER Ordinary Shares The Stock Exchange of Thailand TH THB 02. Aug 1988
SET SINGER-R THB1(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Singer Thailand employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 14:55
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/21
Last earnings filing: 2020/02/21
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.