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Thaicom

SET:THCOM
Snowflake Description

Excellent balance sheet and fair value.

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

Thaicom Public Company Limited, together with its subsidiaries, provides transponder services for domestic and international communications. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
  • Thaicom has significant price volatility in the past 3 months.
THCOM Share Price and Events
7 Day Returns
20.7%
SET:THCOM
4.2%
TH Telecom
8.7%
TH Market
1 Year Returns
-60.6%
SET:THCOM
-34.2%
TH Telecom
-27.7%
TH Market
THCOM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thaicom (THCOM) 20.7% -4.8% -28.6% -60.6% -84.7% -92.2%
TH Telecom 4.2% 3.1% -18.8% -34.2% -53.1% -70.9%
TH Market 8.7% -4.4% -23.8% -27.7% -27.8% -28.2%
1 Year Return vs Industry and Market
  • THCOM underperformed the Telecom industry which returned -34.2% over the past year.
  • THCOM underperformed the Market in Thailand which returned -27.7% over the past year.
Price Volatility
THCOM
Industry
5yr Volatility vs Market

Value

 Is Thaicom 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 Thaicom 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 Thaicom.

SET:THCOM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
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:THCOM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.361 (1 + (1- 20%) (136.94%))
0.836
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (0.836 * 7.46%)
7.91%

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

The calculations below outline how an intrinsic value for Thaicom 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:THCOM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 7.91%)
2020 1,398.82 Est @ -6.01% 1,296.29
2021 1,346.96 Est @ -3.71% 1,156.74
2022 1,318.75 Est @ -2.09% 1,049.51
2023 1,306.03 Est @ -0.96% 963.20
2024 1,303.75 Est @ -0.17% 891.04
2025 1,308.69 Est @ 0.38% 828.86
2026 1,318.72 Est @ 0.77% 773.99
2027 1,332.40 Est @ 1.04% 724.70
2028 1,348.75 Est @ 1.23% 679.83
2029 1,367.09 Est @ 1.36% 638.57
Present value of next 10 years cash flows ฿9,002.00
SET:THCOM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿1,367.09 × (1 + 1.67%) ÷ (7.91% – 1.67%)
฿22,276.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿22,276.58 ÷ (1 + 7.91%)10
฿10,405.34
SET:THCOM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿9,002.00 + ฿10,405.34
฿19,407.34
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿19,407.34 / 1,096.10
฿17.71
SET:THCOM Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿17.71
Current discount Discount to share price of ฿2.80
= -1 x (฿2.80 - ฿17.71) / ฿17.71
84.2%

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

Current Discount
Amount off the current price Thaicom is available for.
Intrinsic value
>50%
Share price is ฿2.8 vs Future cash flow value of ฿17.71
Current Discount Checks
For Thaicom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thaicom's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thaicom's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thaicom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thaicom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:THCOM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿-2.05
SET:THCOM Share Price ** SET (2020-04-09) in THB ฿2.8
Thailand Telecom Industry PE Ratio Median Figure of 5 Publicly-Listed Telecom Companies 10.11x
Thailand Market PE Ratio Median Figure of 581 Publicly-Listed Companies 11.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thaicom.

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

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

= 2.8 ÷ -2.05

-1.36x

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

  • Thaicom is loss making, we can't compare its value to the TH Telecom industry average.
  • Thaicom is loss making, we can't compare the value of its earnings to the Thailand market.
Price based on expected Growth
Does Thaicom's expected growth come at a high price?
Raw Data
SET:THCOM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
151.6%per year
Asia Telecom Industry PEG Ratio Median Figure of 37 Publicly-Listed Telecom Companies 1.64x
Thailand Market PEG Ratio Median Figure of 180 Publicly-Listed Companies 1.31x

*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 Thaicom, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thaicom's assets?
Raw Data
SET:THCOM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿10.03
SET:THCOM Share Price * SET (2020-04-09) in THB ฿2.8
Thailand Telecom Industry PB Ratio Median Figure of 6 Publicly-Listed Telecom Companies 0.84x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.82x
SET:THCOM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.8 ÷ 10.03

0.28x

* Primary Listing of Thaicom.

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

  • Thaicom is good value based on assets compared to the TH Telecom industry average.
X
Value checks
We assess Thaicom'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. Thaicom 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 Thaicom expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
151.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thaicom expected to grow at an attractive rate?
  • Unable to compare Thaicom's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Thaicom's earnings growth to the Thailand market average as it is expected to be loss making during the next 1-3 years.
  • Thaicom's revenues are expected to decrease over the next 1-3 years, this is below the Thailand market average.
Annual Growth Rates Comparison
Raw Data
SET:THCOM Future Growth Rates Data Sources
Data Point Source Value (per year)
SET:THCOM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 151.6%
SET:THCOM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -4.3%
Asia Telecom Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Asia Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 9.2%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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:THCOM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SET:THCOM Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,280 1,514 -4 4
2020-12-31 4,197 1,436 -59 1
2020-04-09
SET:THCOM Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 4,671 1,660 -2,250
2019-09-30 5,231 1,592 -2,271
2019-06-30 5,547 1,430 -2,054
2019-03-31 5,825 2,099 -1,667
2018-12-31 6,034 1,869 217
2018-09-30 5,965 2,095 -1,021
2018-06-30 6,066 2,271 -1,094
2018-03-31 6,174 2,547 -1,158
2017-12-31 6,689 2,980 -2,787
2017-09-30 4,965 3,624 208
2017-06-30 6,151 3,472 611
2017-03-31 7,450 4,214 1,015

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thaicom is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Thaicom'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.
Raw Data
SET:THCOM 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 4 Analyst Estimates (S&P Global) See Below

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

SET:THCOM Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.01 0.11 -0.09 3.00
2020-12-31 -0.07 -0.05 -0.08 2.00
2020-04-09
SET:THCOM Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 -2.05
2019-09-30 -2.07
2019-06-30 -1.87
2019-03-31 -1.52
2018-12-31 0.20
2018-09-30 -0.93
2018-06-30 -1.00
2018-03-31 -1.06
2017-12-31 -2.54
2017-09-30 0.19
2017-06-30 0.56
2017-03-31 0.93

*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.
  • Thaicom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Thaicom'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.
Thaicom 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 Thaicom 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 Thaicom's growth in the last year to its industry (Telecom).
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.
  • Thaicom does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Thaicom's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Thaicom's 1-year growth to the TH Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Thaicom'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 Thaicom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:THCOM 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 4,670.67 -2,249.95 1,039.95
2019-09-30 5,230.90 -2,271.04 1,311.02
2019-06-30 5,546.71 -2,053.80 1,305.33
2019-03-31 5,825.16 -1,667.37 1,239.31
2018-12-31 6,033.90 217.04 1,516.83
2018-09-30 5,965.32 -1,021.07 1,768.00
2018-06-30 6,066.43 -1,094.11 1,807.57
2018-03-31 6,174.47 -1,158.40 1,829.43
2017-12-31 6,689.03 -2,786.74 1,684.05
2017-09-30 4,965.39 207.95 878.27
2017-06-30 6,151.20 610.70 1,088.30
2017-03-31 7,449.77 1,014.95 1,291.93
2016-12-31 8,641.66 1,492.17 1,511.09
2016-09-30 12,196.85 2,469.97 2,099.84
2016-06-30 12,552.90 2,301.50 2,081.68
2016-03-31 12,589.96 2,282.34 2,153.19
2015-12-31 12,453.63 2,122.15 2,118.04
2015-09-30 12,208.84 1,802.67 1,654.60
2015-06-30 12,093.11 1,816.41 2,291.55
2015-03-31 12,125.96 1,742.05 2,319.43
2014-12-31 12,065.30 1,600.88 2,303.97
2014-09-30 12,617.32 1,462.63 2,699.85
2014-06-30 11,711.61 1,503.56 1,933.68
2014-03-31 10,671.21 1,196.19 1,729.15
2013-12-31 9,541.88 1,178.76 1,538.52
2013-09-30 7,800.83 1,141.04 1,520.07
2013-06-30 7,490.67 842.25 1,509.12

*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.
  • It is difficult to establish if Thaicom has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Thaicom has efficiently used its assets last year compared to the TH Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Thaicom improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Thaicom'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 Telecom 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.
Thaicom 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 Thaicom'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 Thaicom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thaicom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thaicom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thaicom'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 Thaicom Company Filings, last reported 3 months ago.

SET:THCOM Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 10,994.96 4,187.59 5,702.56
2019-09-30 12,789.56 6,467.94 7,493.97
2019-06-30 12,890.28 6,672.42 7,652.97
2019-03-31 13,066.53 6,746.05 7,291.61
2018-12-31 13,137.06 6,996.08 7,057.44
2018-09-30 15,135.72 7,022.24 6,521.73
2018-06-30 15,102.42 7,295.34 6,874.07
2018-03-31 14,781.56 7,153.28 7,355.09
2017-12-31 15,279.71 7,446.42 5,367.84
2017-09-30 18,478.71 7,851.86 5,027.79
2017-06-30 18,492.11 9,571.35 6,800.72
2017-03-31 18,280.90 9,667.06 6,420.37
2016-12-31 18,921.17 10,224.86 6,221.57
2016-09-30 18,983.98 10,194.04 5,169.18
2016-06-30 18,643.91 11,393.37 6,573.91
2016-03-31 18,026.08 11,587.70 6,001.76
2015-12-31 18,110.78 11,749.94 5,046.29
2015-09-30 17,560.93 11,644.80 3,879.64
2015-06-30 17,317.30 10,602.40 5,060.56
2015-03-31 16,803.78 10,496.62 4,555.50
2014-12-31 17,284.63 11,100.97 4,505.34
2014-09-30 16,413.59 9,680.21 5,083.27
2014-06-30 16,004.27 9,589.45 4,992.38
2014-03-31 15,434.98 8,171.27 4,295.91
2013-12-31 15,581.46 8,514.77 3,457.43
2013-09-30 14,669.97 8,329.44 3,842.70
2013-06-30 14,361.53 7,541.82 3,482.65
  • Thaicom's level of debt (38.1%) 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 (64.2% vs 38.1% today).
  • Debt is well covered by operating cash flow (39.6%, greater than 20% of total debt).
  • Thaicom is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Thaicom'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. Thaicom 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 Thaicom'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
7.14%
Current annual income from Thaicom dividends. Estimated to be 2.32% next year.
If you bought ฿2,000 of Thaicom shares you are expected to receive ฿143 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?
  • Thaicom's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.18%).
  • Thaicom's dividend is below the markets top 25% of dividend payers in Thailand (8.38%).
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:THCOM 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 4 Analyst Estimates (S&P Global) See Below
Thailand Telecom Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 11.7%
Thailand Market Average Dividend Yield Market Cap Weighted Average of 571 Stocks 4.3%
Thailand Minimum Threshold Dividend Yield 10th Percentile 1.9%
Thailand Bottom 25% Dividend Yield 25th Percentile 3.2%
Thailand Top 25% Dividend Yield 75th Percentile 8.4%

Industry and Market average data is calculated daily.

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

SET:THCOM Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.05 3.00
2020-12-31 0.12 1.00
2020-04-09
SET:THCOM Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-05 0.200 6.979
2019-02-08 1.360 26.647
2018-10-30 1.360 18.720
2018-08-01 1.360 14.583
2018-05-09 1.360 15.733
2018-03-28 1.360 14.321
2018-01-31 1.360 12.042
2017-02-01 0.700 4.447
2016-02-23 0.650 2.896
2016-02-10 0.650 2.373
2015-02-11 0.650 2.033
2014-02-13 0.450 1.163
2013-08-08 0.400 1.095
2013-02-13 0.400 1.233

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

  • Thaicom has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Thaicom has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Thaicom's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Thaicom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Thaicom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thaicom 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.

Management

 What is the CEO of Thaicom'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
Anant Kaewruamvongs
AGE 57
TENURE AS CEO 1.9 years
CEO Bio

Mr. Anant Kaewruamvongs has been the Chief Executive Officer and Director of Thaicom Public Company Limited since May 1, 2018. Mr. Kaewruamvongs served as Chief Executive Officer and Managing Director of CS Loxinfo Public Company Limited since April 1, 2013 and July 1, 2005 respectively until May 1, 2018. He has been Member of Executive Committee at Advanced Info Service Public Company Ltd. since June 2018. Mr. Kaewruamvongs served as a Member of the Executive Committee of Thaicom Public Company Limited since March 2018 until May 1, 2018. Mr. Kaewruamvongs served as Deputy Manager of CS LoxInfo Plc. from 1999 to 2005. He served as General Manager of CS Satellite Phone Co., Ltd. from 1997 to 1999. He served as General Manager of Lao Telecommunications Co., Ltd. from 1995 to 1997. He served as Business Deveopment Manager of Internation Broadcasting Corporation from 1993 to 1995. He serves as an Executive Director of CS Loxinfo Public Company Limited. He served as a Director of CS Loxinfo Public Company Limited since June 9, 2011. He holds a Master Degree in Management from SASIN Graduated School and Directors Accreditation Program Class 45/2005 and Cholalongkam University.

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

Average tenure and age of the Thaicom management team in years:

3.4
Average Tenure
55
Average Age
  • The tenure for the Thaicom management team is about average.
Management Team

Buck Chye Kwek

TITLE
Executive Director
COMPENSATION
฿2M
AGE
65

Anant Kaewruamvongs

TITLE
CEO & Director
AGE
57
TENURE
1.9 yrs

Anuwat Sanguansappayakorn

TITLE
Chief Financial Officer
AGE
53
TENURE
2.6 yrs

Salil Charuchinda

TITLE
Head of Legal & Compliance Department

Sakon Kittivatcharapong

TITLE
Head of Marketing & Business Development Department
AGE
58

Nile Suwansiri

TITLE
Chief Commercial Officer
AGE
51
TENURE
4.3 yrs

Ekachai Phakdurong

TITLE
Head of Regulatory Affairs Department and Platform & Services Business Department
AGE
48

Pannee Nivasnanda

TITLE
Head of Finance Department
AGE
56

Yupapan Panclurbthong

TITLE
Company Secretary
AGE
55
TENURE
7.4 yrs

Teerayuth Boonchote

TITLE
Senior Advisor
AGE
54
Board of Directors Tenure

Average tenure and age of the Thaicom board of directors in years:

2.1
Average Tenure
63.5
Average Age
  • The average tenure for the Thaicom board of directors is less than 3 years, this suggests a new board.
Board of Directors

Prasert Bunsumpun

TITLE
Independent Chairman of the Board
COMPENSATION
฿4M
AGE
67
TENURE
2.1 yrs

Buck Chye Kwek

TITLE
Executive Director
COMPENSATION
฿2M
AGE
65
TENURE
5.1 yrs

Anant Kaewruamvongs

TITLE
CEO & Director
AGE
57
TENURE
1.9 yrs

Anek Pana-Apichon

TITLE
Director
AGE
53
TENURE
2.8 yrs

Patareeya Benjapolchai

TITLE
Independent Director
COMPENSATION
฿2M
AGE
64
TENURE
4.1 yrs

Winid Silamonkol

TITLE
Independent Director
TENURE
0.1 yrs

Teeranun Srihong

TITLE
Independent Director
TENURE
0.1 yrs

Somprasong Boonyachai

TITLE
Director
COMPENSATION
฿2M
AGE
63
TENURE
13.7 yrs

Puwieng Prakhammintara

TITLE
Director
TENURE
1 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 Thaicom'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. Thaicom 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

Thaicom Public Company Limited, together with its subsidiaries, provides transponder services for domestic and international communications. The company also offers broadband content, Internet data center, Internet, satellite uplink-downlink, broadcasting television, telecommunications, telephone network, and mobile content services. In addition, it sells user terminal iPSTAR, as well as direct television equipment. Further, the company engages in printing and publishing business telephone directories. Additionally, it is involved in the provision of technical support services in relation to satellite business, as well as engineering and development services on communication technology and electronics; and system integration consultancy services for broadband networks. Thaicom Public Company Limited has operations in Thailand, Singapore, Cambodia, Lao PDR, Australia, New Zealand, Mauritius, the British Virgin Islands, Japan, and India. The company was founded in 1991 and is based in Nonthaburi, Thailand. Thaicom Public Company Limited is a subsidiary of Intouch Holdings Public Company Limited.

Details
Name: Thaicom Public Company Limited
THCOM
Exchange: SET
Founded: 1991
฿3,069,085,471
1,096,101,954
Website: http://www.thaicom.net
Address: Thaicom Public Company Limited
Thaicom Satellite Station,
63/21, Rattanatibet Road,
Nonthaburi,
11000,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET THCOM Ordinary Shares The Stock Exchange of Thailand TH THB 04. Feb 1994
SET THCOM-R THB5(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
THAMSE THCOM-F THB5(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 27. Jun 1994
Number of employees
Current staff
Staff numbers
0
Thaicom employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 14:32
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/05
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.