Company Summary
ARROW ARROW SYNDICATE PUBLIC COMPANY LIMITED
Property & Construction
mai
CG Report:   
 
  Data as of 13 Dec 2018  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
7.85 14.20 / 7.65 12.91 1.87 253.75 1,991.93 2,293.96 148.88 11.10
News
Date/Time Subject
27 Nov 2018 12:58   Notification of ARROW's Holidays for the Year 2019
14 Nov 2018 08:22   Financial Statement Quarter 3/2018 (Reviewed)
14 Nov 2018 08:22   Reviewed Quarter 3 and Consolidated F/S (F45-3)
14 Nov 2018 08:22   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
14 Nov 2018 08:22   Information the approval for Arrow Syndicate Plc. and/or J.S.V. Technical Co., Ltd. to construct new office building and distribution center for the Group of the Company
more

Company Profile
Address 31 Moo 1 Phanthong Chonburi 20160
Telephone 0-3874-0371-4
Fax 0-3874-0150
URL www.arrowpipe.com
Establish Date 2/5/1988 Listed Date 25/12/2012
IPO Price (Baht) 5.50 @Par1.00 Baht
IPO Financial Advisory
  • PHILLIP SECURITIES (THAILAND) PUBLIC CO., LTD.
  • Par 1.00 Baht
    Last Par Change N/A

    Market/Industry/Sector Change
    Effective Date 05/01/2015
    Previous Market/Industry/Sector mai  / MAI Industry / Medium-Sized Enterprise
    Current Market/Industry/Sector mai  / Property & Construction / Property & Construction

    Business
    The Company engages in a manufacturer and distribution of electrical conduit and fittings under the brand of "Arrowpipe" "Arrowtite" and "Union" which is made of hot-dipped galvanize sheet and Water pipe and fittings under the brand of "Arrow PP-R", a high quality water pipe, is made from polypropylene Random Copolymer. The Company's subsidiary(JSVT) engages in a manufacturer and distribution of Ventilating Conduit or Air Duct under the brand of "Arrow duct" and Post-Tension Duct which are made from hot-dip galvanized steel. The end users of the Company and its subsidiaries' products are in the business of construction and property approximately 75% and the other 25% are manufacturing plants

    Free Float 15 Mar 2018 16 Mar 2017
    % /Shareholders
    28.59% 2,858 28.32% 2,455
    Foreign Shareholders 0.09% (As of 13/12/2018) Foreign Limit 49.00%
    NVDR Shareholders  0.37% (As of 13/12/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days -1.26 1.07 0.91
    20 Days - 5.22 6.54
    60 Days -12.29 1.58 -1.00
    120 Days -26.64 -12.75 -12.51
    YTD -39.62 -25.96 -16.43
    P/E (X) 12.91 37.15 48.63
    P/BV (X) 1.87 1.55 1.99
    Turnover Ratio (%) 0.02 0.10 0.11

    Top 10 Major Shareholders(@24 Aug 2018) Share %
    1. บริษัท แอลเค ซินดิเคท จำกัด 67,528,874 26.61
    2. นาย เลิศชัย วงค์ชัยสิทธิ์ 66,908,017 26.37
    3. นาง ประครอง นามนันทสิทธิ์ 17,928,606 7.07
    4. นาง กมลภัทร วงค์ชัยสิทธิ์ 10,778,510 4.25
    5. น.ส. สี แซ่เตีย 9,003,976 3.55
    6. นาย ภาณุพงศ์ วิจิตรทองเรือง 7,003,091 2.76
    7. น.ส. จงกล งามเลิศชัย 5,191,300 2.05
    8. นาง อรวรรณ ภัทรานุพันธุ์ 4,378,183 1.73
    9. นาย สกล งามเลิศชัย 2,690,000 1.06
    10. นาง วัลภา ญาณสมบูรณ์ 2,450,000 0.97

    Management Position
    1. Mr. VICHAI THOSUWONCHINDA CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. LERTCHAI VONGCHAISIT CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. TANIN TANPRAWAT MANAGING DIRECTOR / DIRECTOR
    4. Mr. PANUPONG WIJITTHONGRUANG DIRECTOR
    5. Mrs. PRAKRONG NAMNANTHASITH DIRECTOR
    6. Mr. THARAPONG RUJIWONG DIRECTOR
    7. Mr. SOMPHOP JULO DIRECTOR
    8. Mr. SURADEJ CHUNTRANULUCK INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    9. Mr. NUMPON NGURNNUMCHOKE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. CHANA SINGRUNGRUANG INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    13 Dec 2018
    2017
    29 Dec 2017
    2016
    30 Dec 2016
    Listed share (M.) 253.75  253.75  252.22 
    Market Cap (MB.) 1,991.93  3,298.73  4,186.79 
    Price (B./share) 7.85  13.00  16.60 
    BVPS (B./Share) 4.19  4.04  3.78 
    P/BV (X) 1.87  3.22  4.39 
    P/E (X) 12.91  15.50  16.21 
    Turnover Ratio (%) 9.39  46.20  88.65 
    Value Trade/Day (MB.) 1.12  7.90  13.89 
    Beta 0.78  0.54  0.72 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) -39.62  -21.69  26.72 
    Dividend Yield (%) 7.01  4.59  3.30 
    Payout Ratio 0.90  0.71  0.53 
    Dividend Policy Not less than 50% of the net profits after deducting income tax or other reserve (if any) (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2018 - 30 Jun 2018 0.15 Baht 07 Sep 2018 Cash
    01 Jan 2017 - 31 Dec 2017 0.35 Baht 24 May 2018 Cash
    01 Jan 2017 - 30 Jun 2017 0.20 Baht 08 Sep 2017 Cash
    01 Jan 2016 - 31 Dec 2016 0.40 Baht 19 May 2017 Cash
    01 Jan 2016 - 30 Jun 2016 0.20 Baht 08 Sep 2016 Cash
    01 Jan 2015 - 31 Dec 2015 0.40 Baht 19 May 2016 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MR. SATHIEN VONGSNAN/ANS AUDIT CO., LTD.
    MR. ATIPONG ATIPONGSAKUL/ANS AUDIT CO., LTD.
    MR. VICHAI RUCHITANONT/ANS AUDIT CO., LTD.
    MS. KULTIDA PASURAKUL/ANS AUDIT CO., LTD.
    MR. YUTTAPONG CHUAMUANGPAN/ANS AUDIT CO., LTD.
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 96.10 70.03 51.44 145.32 147.98
    A/R Net 402.53 383.86 361.83 354.77 267.75
    Inventories 408.46 459.67 426.22 328.78 280.20
    Current Assets 951.22 940.09 872.94 842.24 697.79
    PP&E Net 450.68 351.73 355.35 312.22 289.74
    Total Assets 1,462.15 1,329.43 1,278.66 1,194.89 1,012.58
    OD 227.49 156.55 60.76 9.90 0.76
    A/P Net 130.59 106.03 96.79 113.39 57.25
    Current portion of LT 1.65 1.57 1.61 2.47 1.24
    Current Liabilities 364.91 271.91 173.00 148.50 89.76
    Non-Current Liabilities 24.53 23.69 23.46 20.75 12.06
    Total Liabilities 389.44 295.60 196.46 169.24 101.82
    Authorized Capital 261.78 261.75 261.75 253.75 253.75
    Paid-Up Capital 253.75 253.75 253.75 252.22 251.06
    Premium (Discount) on Share Capital 236.15 236.15 236.15 227.73 221.41
    Other Surplus (Deficit) 22.44 10.79 14.13 10.03 10.77
    Retained Earnings (Deficit) 551.67 524.61 568.30 529.01 424.34
    Treasury Stock - - - - -
    Shareholders' Equity 1,064.01 1,025.30 1,072.33 1,018.99 907.58
    Minority Interest 8.69 8.53 9.87 6.65 3.18
    more
    Statement of Comprehensive Income (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 1,104.89 1,075.12 1,435.71 1,355.60 1,209.78
    Other Income 16.69 12.70 18.09 10.07 14.85
    Total Revenues 1,121.80 1,087.82 1,453.81 1,365.66 1,224.64
    COGs 864.69 780.28 1,056.89 906.85 802.13
    SG&A 133.99 123.04 162.77 145.40 132.93
    Total Expenses 998.68 903.32 1,219.66 1,052.25 935.05
    EBITDA 148.88 205.84 263.65 340.49 313.84
    Depre. & Amor. 25.75 21.34 29.50 27.07 24.26
    EBIT 123.12 184.50 234.14 313.41 289.58
    Net Profit 110.24 147.23 191.30 262.71 245.66
    EPS (B.) 0.43 0.58 0.76 1.04 1.03
    more
    Statement of Cash Flow (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 123.62 -20.47 71.79 201.12 217.75
    Investing Cash Flow -113.77 -50.35 -63.02 -58.62 -25.96
    Financing Cash Flow 34.81 -4.47 -102.65 -145.17 -55.79
    Net Cash Flow 44.66 -75.28 -93.87 -2.67 136.00
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 2.61 3.46 5.05 5.67
    ROE (%) 14.77 21.52 18.29 27.27
    ROA (%) 12.38 21.53 18.93 28.40
    D/E (X) 0.37 0.29 0.18 0.17
    Total Asset Turnover (X) 1.07 1.19 1.18 1.24
    Gross Profit Margin (%) 21.74 27.42 26.39 33.10
    EBIT Margin (%) 10.98 16.96 16.11 22.95
    Net Profit Margin (%) 9.83 13.53 13.16 19.24

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    08 Jun 2015 XR 25,000,000 249,999,848 1.00
    19 May 2015 XD 24,999,848 224,999,848 1.00

    Growth Rate (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 2.77 7.37 5.91 12.05
    COGs Growth 10.82 16.76 16.55 13.06
    Total Revenue Growth 3.12 7.91 6.45 11.52
    Total Expense Growth 10.56 16.89 15.91 12.53
    Net Profit Growth -25.13 -25.29 -27.18 6.94

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 3.73 3.98 4.01 4.36
    Avg. Collection Period (Days) 97.93 91.68 91.09 83.81
    Inventory Turnover (Times) 2.63 2.71 2.80 2.98
    Avg. Inventory Period (Days) 138.82 134.73 130.37 122.55
    A/P Turnover (Times) 9.65 10.00 10.06 10.63
    Avg. Payment Period (Days) 37.84 36.50 36.29 34.34
    Cash Cycle (Days) 198.91 189.92 185.17 172.02


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    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.
      -
     
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