Company Summary
ACE ABSOLUTE CLEAN ENERGY PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET100
CG Report:   
 
  Data as of 22 Sep 2021  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
4.08 4.60 / 2.38 29.85 3.31 5,088.00 41,518.08 46,235.58 1,174.63 21.29
News
Date/Time Subject
10 Sep 2021 20:07   The Resolution of the Board of Directors' Meeting No. 7/2021 regarding Approval for the Acquisition of Asset and the Entry into Connected Transactions.
16 Aug 2021 08:09   Financial Statement Quarter 2/2021 (Reviewed)
16 Aug 2021 08:09   Financial Performance Quarter 2 (F45) (Reviewed)
16 Aug 2021 08:09   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2021
19 Jul 2021 12:30   Report on the utilization of the increased capital from the initial public offering (IPO)
more

Company Profile
Address 140/6 ITF Tower 7th Floor Silom Rd., Suriyawong, Bangrak Bangkok 10500
Telephone 0-2233-2559
Fax -
URL http://www.ace-energy.co.th
  Annual Report 2020
Establish Date - Listed Date 13/11/2019
IPO Price (Baht) 4.40 @Par0.50 Baht
IPO Financial Advisory
  • TRINITY SECURITIES COMPANY LIMITED
  • Par 0.50 Baht
    Last Par Change N/A

    Business
    The Company is a holding company which hold investment in the generating and distributing of electricity and steam companies, and other supporting or related businesses. Advance Clean Power Co., Ltd. (ACP) which operated in Biomass Power Plant is the core company.

    Free Float 12 Mar 2021 29 Jun 2020
    % /Shareholders
    22.62% 13,921 21.75% 7,133
    Foreign Shareholders 2.98% (As of 22/09/2021) Foreign Limit 49.00%
    NVDR Shareholders  3.78% (As of 22/09/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 4.08 4.34 4.62
    20 Days -1.92 -8.58 -5.94
    60 Days 10.27 9.89 8.88
    120 Days 8.51 7.74 4.94
    YTD 12.09 6.38 0.31
    P/E (X) 29.85 16.81 20.69
    P/BV (X) 3.31 1.60 1.74
    Turnover Ratio (%) 1.55 0.64 1.84

    Top 10 Major Shareholders(@12 Mar 2021) Share %
    1. MR. Wirachai Songmetta 2,282,528,920 22.43
    2. MR. Pornmett Songmetta 2,088,884,200 20.53
    3. MR. Teerawut Songmetta 1,820,563,120 17.89
    4. MR. Natt Songmetta 1,682,596,880 16.53
    5. THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED 363,451,540 3.57
    6. บริษัท Thai NVDR Company Limited 219,782,784 2.16
    7. บริษัทหลักทรัพย์ SCB SECURITIES CO.,LTD. SPECIAL S_INVEST SET01 215,365,500 2.12
    8. บริษัท บรุ๊คเคอร์ กรุ๊ป จำกัด (มหาชน) 110,981,560 1.09
    9. MORGAN STANLEY & CO. INTERNATIONAL PLC 100,000,000 0.98
    10. บริษัท ไทยประกันชีวิต จำกัด (มหาชน) 93,746,500 0.92

    Management Position
    1. Mr. MONTON SUDPRASERT CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Miss JIRATHA SONGMETTA CHAIRMAN OF EXECUTIVE COMMITTEE / DIRECTOR
    3. Mr. TANACHAI BUNDITVORAPOOM CHIEF EXECUTIVE OFFICER / DIRECTOR
    4. Mr. TANAVIJIT ANKAPIPATCHAI DIRECTOR
    5. Mr. TEERAWUT SONGMETTA DIRECTOR
    6. Mr. PORNMETT SONGMETTA DIRECTOR
    7. Mr. CHAROON INTACHAN INDEPENDENT DIRECTOR
    8. Miss CHONTICHA CHITRARPORN INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    9. Mrs. PATCHANEE SUTHEEVITANUNT INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. NUEKRUK BAINGERN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    22 Sep 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 10,176.00  10,176.00  10,176.00 
    Market Cap (MB.) 41,518.08  37,040.64  42,942.72 
    Price (B./share) 4.08  3.64  4.22 
    BVPS (B./Share) 1.23  1.15  N/A 
    P/BV (X) 3.31  3.15 
    P/E (X) 29.85  24.71  62.46 
    Turnover Ratio (%) 135.19  81.81  26.27 
    Value Trade/Day (MB.) 308.68  117.35  384.71 
    Beta 0.85  0.86 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 12.09  -13.74  -4.09 
    Dividend Yield (%) 1.18  N/A  N/A 
    Payout Ratio 0.13  0.20 
    Dividend Policy Not less than 30 percent of the total net profit of the Company?s separate financial statements net of corporate income tax and legal reserve pursuant to the laws

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Apr 2020 - 31 Dec 2020 0.018 Baht 13 May 2021 Cash
    - 0.03 Baht 15 Jun 2020 Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MR. VICHIEN KHINGMONTRI/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. KRIT CHATCHAVALWONG/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MISS SINSIRI THANGSOMBAT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Cash And Cash Equivalents 618.95 276.71 482.89 71.92 104.50
    A/R Net 1,038.86 831.03 829.01 819.99 829.13
    Inventories 536.77 319.84 402.08 185.21 95.51
    Current Assets 2,351.61 1,544.75 1,841.24 1,434.61 1,131.62
    PP&E Net 9,764.37 8,075.11 9,095.28 8,059.37 8,129.42
    Non-Current Assets 15,521.29 13,294.31 14,588.45 12,710.56 12,755.12
    Total Assets 17,872.91 14,839.05 16,429.69 14,145.18 13,886.74
    OD 325.40 196.20 265.30 227.40 369.05
    A/P Net 288.73 256.51 268.96 249.42 412.14
    Current portion of LT 612.14 551.93 575.29 856.18 796.28
    Current Liabilities 1,303.09 1,087.05 1,212.73 1,373.21 1,624.22
    Non-Current Liabilities 4,005.86 2,420.89 3,224.12 1,978.93 6,690.88
    Total Liabilities 5,308.95 3,507.94 4,436.86 3,352.14 8,315.10
    Authorized Capital 5,488.00 5,488.00 5,488.00 5,488.00 5,488.00
    Paid-Up Capital 5,088.00 5,088.00 5,088.00 5,088.00 4,579.00
    Premium (Discount) on Share Capital 3,896.01 3,896.01 3,896.01 3,896.01 -
    Retained Earnings (Deficit) 3,575.33 2,369.99 3,031.71 1,831.92 1,015.53
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -22.89 -22.89 -22.89 -22.89 -22.89
     - Surplus (Deficits) -22.89 -22.89 -22.89 -22.89 -22.89
    Shareholders' Equity 12,536.45 11,331.11 11,992.83 10,793.04 5,571.64
    Minority Interest 27.50 - - - -
    more
    Statement of Comprehensive Income (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Revenue From Operations 2,700.14 2,988.27 5,858.14 5,055.27 4,833.21
    Other Income 7.08 173.86 180.82 32.90 15.73
    Total Revenues 2,707.22 3,162.13 6,038.96 5,088.17 4,848.94
    Costs 1,795.06 2,114.35 4,066.81 3,429.34 3,415.75
    Selling And Administrative Expenses 166.83 165.15 322.25 330.36 378.53
    Total Cost And Expenses 1,961.89 2,279.50 4,389.07 3,759.70 3,794.28
    EBITDA 1,174.63 1,200.99 2,197.96 1,752.09 1,576.16
    Depre. & Amor. 327.57 266.10 541.39 527.13 531.54
    EBIT 847.06 934.89 1,656.57 1,224.96 1,044.62
    Net Profit : Owners Of The Parent 726.79 843.35 1,507.64 815.31 546.57
    EPS (B.) 0.07 0.08 0.15 0.09 0.06
    more
    Statement of Cash Flow (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Operating Cash Flow 710.72 1,034.42 1,894.52 1,618.60 1,697.15
    Investing Cash Flow -1,212.45 -507.39 -1,644.46 -826.12 -400.65
    Financing Cash Flow 637.78 -322.24 160.91 -825.06 -1,197.27
    Net Cash Flow 136.06 204.79 410.97 -32.58 99.23
    more
    Annualized: ROE, ROA
    Ratios 6M/2021  6M/2020  2020  2019 
    Current Ratio (X) 1.80 1.42 1.52 1.04
    ROE (%) 11.66 11.07 13.23 9.96
    ROA (%) 9.59 10.46 10.84 8.74
    D/E (X) 0.42 0.31 0.37 0.31
    Total Asset Turnover (X) 0.34 0.39 0.40 0.36
    Gross Profit Margin (%) 33.52 29.24 30.58 32.16
    EBIT Margin (%) 31.29 29.57 27.43 24.07
    Net Profit Margin (%) 26.85 26.67 24.97 16.02

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 6M/2021  6M/2020  2020  2019 
    Sales Growth -9.64 N/A 15.88 4.59
    COGs Growth -15.10 N/A 18.59 0.40
    Total Revenue Growth -14.39 N/A 18.69 4.93
    Total Expense Growth -13.93 N/A 16.74 -0.91
    Net Profit Growth -13.82 N/A 84.92 49.17

    Annualized
    Cash Cycle 6M/2021  6M/2020  2020  2019 
    A/R Turnover (Times) 5.96 6.66 7.11 6.13
    Avg. Collection Period (Days) 61.27 54.78 51.37 59.53
    Inventory Turnover (Times) 8.75 12.02 13.85 24.43
    Avg. Inventory Period (Days) 41.72 30.38 26.35 14.94
    A/P Turnover (Times) 13.75 14.98 15.69 10.37
    Avg. Payment Period (Days) 26.55 24.36 23.26 35.21
    Cash Cycle (Days) 76.43 60.80 54.46 39.27


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    No Information Found
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    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.
      -
     
    Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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