Company Summary
ARROW ARROW SYNDICATE PUBLIC COMPANY LIMITED
Property & Construction
mai
CG Report:   
 
  Data as of 11 Aug 2020  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
7.25 9.55 / 5.35 8.18 1.46 254.91 1,848.10 2,289.38 85.32 7.75
News
Date/Time Subject
11 Aug 2020 19:04   Financial Performance Quarter 2 (F45) (Reviewed)(Edited)
11 Aug 2020 17:04   Interim dividend payment
11 Aug 2020 17:03   Financial Performance Quarter 2 (F45) (Reviewed)
11 Aug 2020 17:03   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2020
11 Aug 2020 17:02   Financial Statement Quarter 2/2020 (Reviewed)
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 27 May 2020 15 Mar 2019
    % /Shareholders
    28.66% 2,427 28.57% 2,522
    Foreign Shareholders 0.10% (As of 11/08/2020) Foreign Limit 49.00%
    NVDR Shareholders  0.91% (As of 11/08/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days -1.36 0.12 -2.51
    20 Days -0.68 -1.58 -4.05
    60 Days 2.84 -5.78 -15.40
    120 Days -9.38 11.12 -11.95
    YTD -18.08 3.69 -19.05
    P/E (X) 8.18 N/A 24.72
    P/BV (X) 1.46 0.78 1.56
    Turnover Ratio (%) 0.02 0.15 0.25

    Top 10 Major Shareholders(@27 May 2020) Share %
    1. บริษัท LK SYNDICATE CO.,LTD. 67,528,874 26.49
    2. MR. LERTCHAI VONGCHAISIT 66,908,017 26.25
    3. นาง PRAKRONG NAMNANTHASITH 17,980,506 7.05
    4. นาง กมลภัทร วงค์ชัยสิทธิ์ 10,778,510 4.23
    5. MISS SEE SEA-TIA 9,153,476 3.59
    6. นาย PANUPONG WIJITTHONGRUANG 7,003,091 2.75
    7. น.ส. จงกล งามเลิศชัย 5,255,900 2.06
    8. MR. TANAWAT PATTARANUPAN 4,928,863 1.93
    9. นาย สกล งามเลิศชัย 2,728,900 1.07
    10. นาง WANLAPHA YANSOMBOON 2,469,300 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
    11 Aug 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 254.91  254.91  253.75 
    Market Cap (MB.) 1,848.10  2,255.96  1,953.86 
    Price (B./share) 7.25  8.85  7.70 
    BVPS (B./Share) 4.97  4.56  4.19 
    P/BV (X) 1.46  1.94  1.84 
    P/E (X) 8.18  10.77  12.66 
    Turnover Ratio (%) 6.32  10.80  9.62 
    Value Trade/Day (MB.) 0.80  0.98  1.09 
    Beta 0.82  0.61  0.73 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) -18.08  14.94  -40.77 
    Dividend Yield (%) 7.58  5.62  7.14 
    Payout Ratio 0.62  0.61  0.82 
    Dividend Policy Not less than 50% of the net profits after deducting income tax or other reserve (if any).Thus, when the Company growing, it should be continuously pay-out the dividend and expected that it would reflect to the stability of share value of the company

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2019 - 31 Dec 2019 0.40 Baht 30 Apr 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.15 Baht 12 Sep 2019 Cash
    01 Jan 2018 - 31 Dec 2018 0.35 Baht 24 May 2019 Cash
    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
     
    Auditor
    (Effective Until 31/12/2020)
    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 with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 3M/2020 
    (01/01/20 
    -31/03/20) 
    3M/2019 
    (01/01/19 
    -31/03/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash 88.70 64.24 48.79 64.45 51.44
    A/R Net 382.92 407.38 388.37 394.60 361.83
    Inventories 655.08 447.37 524.36 444.80 426.22
    Current Assets 1,197.44 1,032.22 1,000.78 956.22 872.94
    PP&E Net 483.91 453.72 479.85 452.01 355.35
    Total Assets 1,797.94 1,561.66 1,566.30 1,474.05 1,278.66
    OD 223.92 218.63 178.81 191.13 60.76
    A/P Net 159.86 140.22 112.79 131.52 96.79
    Current portion of LT 12.71 3.63 9.35 1.66 1.61
    Current Liabilities 448.69 385.72 313.52 341.48 173.00
    Non-Current Liabilities 101.52 31.73 65.10 23.02 23.46
    Total Liabilities 550.22 417.45 378.61 364.51 196.46
    Authorized Capital 266.82 261.78 266.82 261.78 261.75
    Paid-Up Capital 254.91 253.75 254.91 253.75 253.75
    Premium (Discount) on Share Capital 244.90 236.15 244.90 236.15 236.15
    Other Surplus (Deficit) 7.44 25.69 7.44 24.07 14.13
    Retained Earnings (Deficit) 736.86 637.72 675.20 595.17 568.30
    Treasury Stock - - - - -
    Shareholders' Equity 1,267.95 1,153.31 1,204.96 1,109.14 1,072.33
    Minority Interest -20.23 -9.09 -17.27 0.40 9.87
    more
    Statement of Comprehensive Income (MB.) 3M/2020 
    (01/01/20 
    -31/03/20) 
    3M/2019 
    (01/01/19 
    -31/03/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Sales 359.46 362.57 1,450.74 1,470.20 1,435.71
    Other Income 7.71 5.57 16.49 26.83 18.09
    Total Revenues 367.17 368.19 1,467.23 1,497.06 1,453.81
    COGs 249.61 289.64 1,078.76 1,147.35 1,056.90
    SG&A 42.88 37.41 166.00 180.49 162.77
    Total Expenses 292.49 327.05 1,244.79 1,327.84 1,219.66
    EBITDA 85.32 50.40 260.38 204.38 263.65
    Depre. & Amor. 10.64 9.26 37.94 35.15 29.50
    EBIT 74.68 41.14 222.44 169.22 234.14
    Net Profit 62.99 42.54 205.47 153.74 191.30
    EPS (B.) 0.25 0.17 0.81 0.61 0.76
    more
    Statement of Cash Flow (MB.) 3M/2020 
    (01/01/20 
    -31/03/20) 
    3M/2019 
    (01/01/19 
    -31/03/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 45.93 39.30 137.35 151.52 71.79
    Investing Cash Flow -63.33 -63.93 -50.83 -134.43 -63.02
    Financing Cash Flow 57.32 24.41 -102.18 -4.09 -102.65
    Net Cash Flow 39.92 -0.21 -15.66 13.00 -93.87
    more
    Annualized: ROE, ROA
    Ratios 3M/2020  3M/2019  2019  2018 
    Current Ratio (X) 2.67 2.68 3.19 2.80
    ROE (%) 18.66 13.92 17.76 14.10
    ROA (%) 15.24 11.36 14.63 12.30
    D/E (X) 0.43 0.36 0.31 0.33
    Total Asset Turnover (X) 0.87 1.00 0.97 1.09
    Gross Profit Margin (%) 30.56 20.12 25.64 21.96
    EBIT Margin (%) 20.34 11.17 15.16 11.30
    Net Profit Margin (%) 17.15 11.55 14.00 10.27

    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 (%) 3M/2020  3M/2019  2019  2018 
    Sales Growth -0.86 -6.39 -1.32 2.40
    COGs Growth -13.82 -3.48 -5.98 8.56
    Total Revenue Growth -0.28 -6.00 -1.99 2.98
    Total Expense Growth -10.57 -6.34 -6.25 8.87
    Net Profit Growth 48.06 10.50 33.65 -19.64

    Annualized
    Cash Cycle 3M/2020  3M/2019  2019  2018 
    A/R Turnover (Times) 3.66 3.76 3.71 3.89
    Avg. Collection Period (Days) 99.63 97.17 98.50 93.90
    Inventory Turnover (Times) 1.88 2.72 2.23 2.63
    Avg. Inventory Period (Days) 193.70 134.37 163.96 138.55
    A/P Turnover (Times) 6.92 9.94 8.83 10.05
    Avg. Payment Period (Days) 52.72 36.74 41.33 36.32
    Cash Cycle (Days) 240.60 194.80 221.13 196.13


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

    Market Alert (Latest)
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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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