Company Summary
APCS ASIA PRECISION PUBLIC COMPANY LIMITED
Industrials/Automotive Data as of 14 Jun 2013  
SET
CG Score:   
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EBITDA (MB.)
4.04 6.15 / 3.46 17.19 1.41 330.00 1,333.20 43.31
Company Profile
Address Amata Nakorn Industrial Estate, No. 700/331 Moo 6, Don Hua Lor Sub-district, Mueang District Chonburi 20000
Telephone 0-3846-8300
Fax 0-3845-8751
URL www.asiaprecision.com
  Annual Report 2012
Establish Date 7/12/1994 Listed Date 29 Sep 2011
IPO Price (Baht) 5.45 @Par1.00 Baht
IPO Financial Advisory
  • ADVISORY PLUS CO., LTD.
    		•
    Last Par Change N/A

    Business
    The Company is a producer and distributor of high precision parts and components, made from metal such as steel, stainless steel, aluminum, etc. The pattern, characteristics and specifications of product will depend on customers' design. Most of the Company's existing customer are in automotive, air-conditioner and refrigeration compressors and digital cameras industry.

    Free Float 15 Mar 2013 20 Mar 2012
    % /Shareholders
    36.51% 2,374 34.48% 2,136
    Foreign Shareholders 1.63% @ 14 Jun 2013 Foreign Limit 49.00%
    1 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -11.79 -6.89 -8.72
    20 Days -0.49 13.13 9.87
    60 Days -23.05 -9.52 -16.67
    120 Days -15.13 -21.55 -21.28
    YTD -13.68 -18.10 -18.00
    P/E (X) 17.19 9.06 16.61
    P/BV (X) 1.41 1.61 2.33
    Turnover Ratio (%) 0.34 0.09 0.86

    Top 10 Major Shareholders(@10 May 2013) Share %
    1. ¹Ò§ ÀÒ³Õ ¡ÒÃس¡ÃÊ¡ØÅ 49,633,100 15.04
    2. ¹Ò ÍÀÔªÒµÔ ¡ÒÃس¡ÃÊ¡ØÅ 45,383,400 13.75
    3. ¹.Ê. ÍÑ­ªÅÕ ¡ÒÃس¡ÃÊ¡ØÅ 18,865,000 5.72
    4. ¹.Ê. ¨ÔµµÔÁÒ ¡ÒÃس¡ÃÊ¡ØÅ 16,170,000 4.90
    5. ¹.Ê. ÍÃÇÃó ¡ÒÃس¡ÃÊ¡ØÅ 16,170,000 4.90
    6. ¹.Ê. ອ¨¾Ã ¡ÒÃس¡ÃÊ¡ØÅ 14,600,000 4.42
    7. ¹Ò ÀÑ·Ãì ¡ÒÃس¡ÃÊ¡ØÅ 13,500,000 4.09
    8. ¹Ò ¾Ôª­ì ¡ÒÃس¡ÃÊ¡ØÅ 13,475,000 4.08
    9. ¹Ò ªÑÂâè¹ì àÇ·Âì¹ÄÁÒ³ 8,635,000 2.62
    10. ¹Ò ÃѪപ ǨÕÊظÃÃÁ 5,960,000 1.81

    Management Position
    1. Mr. MANU LEOPAIROTE CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    2. Mr. UDOMSIL SRISANGNAM VICE CHAIRMAN / INDEPENDENT DIRECTOR
    3. Mr. APICHART KAROONKORNSAKUL PRESIDENT
    4. Mr. CHAIROJ VETNARUEMARN MANAGING DIRECTOR
    5. Mr. RATCHADECH VACHEESUTHUM DIRECTOR
    6. Miss CHITTIMA KAROONKORNSAKUL DIRECTOR
    7. MR. YOSHIKAZU KURACHI DIRECTOR
    8. Mr. NARONG VARONGKRIENGKRAI DIRECTOR
    9. Mr. RAJEEV VIJAYAN DIRECTOR
    10. Mr. PHORNCHAI SAKULLELARASMI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. Mr. SOMPOTE VALYASEVI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    14 Jun 2013    		 2012
    28 Dec 2012    		 2011
    30 Dec 2011
    Listed share (M.) 330.00  330.00  300.00 
    Par Value (B.) 1.00  1.00  1.00 
    Market Cap (MB.) 1,333.20  1,544.40  1,620.00 
    Price (B./share) 4.04  4.68  4.91 
    BVPS (B./Share) 2.87  2.80  3.24 
    P/BV (X) 1.41  1.67  1.67 
    P/E (X) 17.19  21.36  12.28 
    Turnover Ratio (%) 121.02  293.27  282.23 
    Value Trade/Day (MB.) 18.48  23.70  69.55 
     
    Rate of Return YTD  2012  2011 
    Price Change (%) -13.68  -4.67  N/A 
    Dividend Yield (%) 3.71  7.77  - 
    Dividend Policy Not less than 40% of net profit after corporate income tax in the Company's separate financial statement and after legal reserve (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2012 - 31 Dec 2012 0.15 Baht 23 May 2013 Cash
    01 Jan 2011 - 31 Dec 2011 10.00 : 1.00 Share 18 May 2012 Stock
    01 Jan 2011 - 31 Dec 2011 0.15 Baht 18 May 2012 Cash
    - 0.25 Baht 04 Nov 2011 Cash
     
    Auditor
    MISS SUSAN EIAMVANICHA/SP AUDIT COMPANY LIMITED
    MR. SUCHART PANITCHAROEN/SP AUDIT COMPANY LIMITED
    MR. SOMYOT WIWATAPINAI/SP AUDIT COMPANY LIMITED
    		F/S Year ended 31/12
    Financial Data
    Statement of Financial Position (MB.) 3M/2013 
    (01/01/13 
    -31/03/13)     		 3M/2012   2012 
    (01/01/12 
    -31/12/12)     		 2011  
    Cash 26.98 65.15 39.22 76.85
    A/R Net 218.75 175.76 173.13 116.44
    Inventories 197.13 175.48 208.08 159.04
    Current Assets 459.35 441.99 442.21 371.75
    PP&E Net 1,115.20 1,118.61 1,141.05 950.61
    Total Assets 1,578.57 1,566.06 1,587.75 1,328.60
    OD 54.00 30.80 29.50 70.00
    A/P Net 113.20 145.29 120.53 115.91
    Current portion of LT 95.90 76.02 95.90 74.00
    Current Liabilities 292.93 497.60 280.65 414.05
    Non-Current Liabilities 332.23 141.28 354.87 12.50
    Total Liabilities 625.16 638.88 635.52 426.55
    Authorized Capital 330.00 300.00 330.00 300.00
    Paid-Up Capital 330.00 300.00 330.00 300.00
    Premium (Discount) on Share Capital 369.79 369.79 369.79 369.79
    Other Surplus (Deficit) - - - -
    Retained Earnings (Deficit) 249.03 246.57 245.82 219.94
    Treasury Stock - - - -
    Shareholders' Equity 945.47 915.50 943.71 890.02
    Minority Interest 7.95 11.67 8.52 12.02
    more
    Statement of Comprehensive Income (MB.) 3M/2013 
    (01/01/13 
    -31/03/13)     		 3M/2012   2012 
    (01/01/12 
    -31/12/12)     		 2011  
    Sales 242.78 247.48 1,071.24 873.05
    Other Income 1.04 1.88 1.93 3.83
    Total Revenues 243.82 249.36 1,073.17 876.88
    COGs 199.71 189.58 815.49 666.04
    SG&A 27.55 26.25 120.37 95.74
    Total Expenses 234.42 220.78 957.69 778.26
    EBITDA 43.31 60.74 263.91 199.40
    Depre. & Amor. 33.91 32.16 148.43 100.78
    EBIT 9.40 28.58 115.48 98.62
    Net Profit 3.31 27.35 101.60 88.68
    EPS (B.) 0.01 0.09 0.31 0.36
    more

    Statement of Cash Flow (MB.) 3M/2013 
    (01/01/13 
    -31/03/13)     		 3M/2012   2012 
    (01/01/12 
    -31/12/12)     		 2011  
    Operating Cash Flow 2.57 4.64 151.34 102.93
    Investing Cash Flow -30.28 -106.84 -464.83 -292.67
    Financing Cash Flow 16.32 90.80 276.51 209.99
    Net Cash Flow -11.39 -11.40 -36.98 20.25
    more
    Annualized: ROE, ROA
    Ratios 3M/2013  3M/2012  2012  2011 
    Current Ratio (X) 1.57 0.89 1.58 0.90
    ROE (%) 8.34 11.95 11.08 9.96
    ROA (%) 6.12 7.30 7.92 7.42
    D/E (X) 0.66 0.70 0.67 0.48
    Total Asset Turnover (%) 0.68 0.64 0.74 0.66
    Gross Profit Margin (%) 17.74 23.40 23.87 23.71
    EBIT Margin (%) 3.86 11.46 10.76 11.25
    Net Profit Margin (%) 1.36 10.97 9.47 10.11

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    18 May 2012 XD 29,999,981 329,999,981 1.00

    Growth Rate (%) 3M/2013  3M/2012  2012  2011 
    Sales Growth -1.90 N/A 22.70 N/A
    COGs Growth 5.34 N/A 22.44 N/A
    Total Revenue Growth -2.22 N/A 22.39 N/A
    Total Expense Growth 6.18 N/A 23.06 N/A
    Net Profit Growth -87.90 N/A 14.58 N/A

    Annualized
    Cash Cycle 3M/2013  3M/2012  2012  2011 
    A/R Turnover (Times) 5.41 5.63 7.40 7.50
    Avg. Collection Period (Days) 67.51 64.81 49.33 48.68
    Inventory Turnover (Times) 4.43 4.32 4.44 4.19
    Avg. Inventory Period (Days) 82.36 84.47 82.16 87.15
    A/P Turnover (Times) 6.39 5.22 6.90 5.75
    Avg. Payment Period (Days) 57.14 69.93 52.91 63.52
    Cash Cycle (Days) 92.73 79.34 78.58 72.31


    Trading Sign (Last 1 Year)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Last 1 Year)
    No Information Found

    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)