Intouch Holdings Public Company Limited, through its subsidiaries, engages in the satellite, Internet, telecommunications, and media and advertising businesses.
The last earnings update was 62 days ago.
Discounted Cash Flow Calculation for SET:INTUCH using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Note: Free cash flow to equity valuations ignore the company's cash or debt.
SET:INTUCH DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Intouch Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
Intouch Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Intouch Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
Intouch Holdings's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Intouch Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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.
Intouch Holdings's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Intouch Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
Intouch Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Intouch Holdings's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Intouch Holdings'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
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 2.9x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Anek Pana-Apichon has been Chief Executive Officer of Intouch Holdings Public Company Limited since January 1, 2019. Mr. Pana-Apichon serves as Non-Executive Director at Advanced Info Service Public Company Limited since March 28, 2019. Mr. Pana-Apichon served as Acting Chief Executive Officer of Intouch Holdings Public Company Limited (formerly, Shin Corp. Public Co. Ltd) since July 1, 2017 until January 1, 2019 and as its Executive Vice President of Finance & Accounting since 2010 until January 1, 2019. Mr. Pana-Apichon served as Vice President for Finance and Accounting at Intouch Holdings Public Company Limited from 2004 to 2010. Mr. Pana-Apichon served as an Acting Chief Financial Officer at Thaicom Public Company Limited from February 2011 to September 2011. He served as Comptroller of Shin Corporation Public Company Limited from 2000 to 2004. He served as Finance and Accounting Director of Teleinfo Media Co.,Ltd. from 1992 to 1999. From 1992 to 1999, he served as Finance and Accounting Director of Shinawatra Directories Co., Ltd. He has been an Executive Director of Intouch Holdings Public Company Limited since July 1, 2017. He has been a Director of Thaicom Public Company Limited since July 1, 2017 and CS Loxinfo Public Company Ltd. since January 28, 2018. He holds MBA from Chulalongkorn University.
Insufficient data for Anek to compare compensation growth.
Insufficient data for Anek to establish whether their remuneration is reasonable compared to companies of similar size in Thailand.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Intouch Holdings management team is about average.
CEO & Executive Director
Chief Financial Officer
Senior Vice President of Accountant
Senior Vice President Portfolio Management & Investor Relations
Executive VP of Governance
Group Chief Human Resources Officer
Assistant Vice President of Investor Relations
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Intouch Holdings board of directors is about average.
Board of Directors
CEO & Executive Director
Chairman of ITV PLC
Paron Israsena Ayudhaya
Chairman of Thaicom PLC
Chairman of CSL
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Intouch Holdings Public Company Limited, through its subsidiaries, engages in the satellite, Internet, telecommunications, and media and advertising businesses. It operates through Local Wireless Telecommunications, Satellite and International Businesses, and Other Businesses segments. The company offers transponder rental and related services for domestic and international communications; broadband content services; advertising services; Internet data center, Internet, satellite uplink-downlink, and telecommunication services;, sale and service related to media, telephone network, mobile content, and engineering development services on communication technology and electronics. It also sells user terminals of IPSTAR and direct television equipment. In addition, the company offers computer program and related services, as well as information technology services; and trades in and rents telecommunications equipment and accessories. It has operations in Thailand, the People’s Republic of China, India, Japan, Myanmar, and internationally. The company was formerly known as Shin Corporation Public Company Limited and changed its name to Intouch Holdings Public Company Limited in March 2014. Intouch Holdings Public Company Limited was founded in 1983 and is headquartered in Bangkok, Thailand.
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