Company Summary
BAFS BANGKOK AVIATION FUEL SERVICES PCL.
Resources/Energy & Utilities
SETTHSI
CG Report:   
 
  Data as of 11 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
33.25 48.00 / 31.00 20.55 3.37 637.50 21,196.75 29,121.93 1,690.94 13.96
News
Date/Time Subject
14 Nov 2018 17:33   Financial Statement Quarter 3/2018 (Reviewed)
14 Nov 2018 17:33   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
14 Nov 2018 17:32   Reviewed Quarter 3 and Consolidated F/S (F45-3)
18 Oct 2018 18:02   Resignation of the Director
08 Oct 2018 13:26   Invitation to Shareholders to Propose the 2019 Annual General Shareholder's Meeting Agenda and Nomination of Director
more

Company Profile
Address 171/2 Kamphaeng Phet 6 Road, Sub-Distict Don Mueang, Khet Don Mueang Bangkok 10210
Telephone 0-2834-8900
Fax 0-2834-8999
URL www.bafsthai.com
  Annual Report 2017
Establish Date 30/12/1983 Listed Date 04/04/2002
IPO Price (Baht) 60.00 @Par10.00 Baht
IPO Financial Advisory
  • THANACHART SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change Old 10.00 : New 1.00 @ 10/05/2002

    Business
    Storage and Aircraft Refuelling Services

    Free Float 07 Mar 2018 09 Mar 2017
    % /Shareholders
    55.37% 7,008 55.35% 4,321
    Foreign Shareholders 14.49% (As of 11/12/2018) Foreign Limit 40.00%
    NVDR Shareholders  0.51% (As of 11/12/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 3.10 3.45 3.62
    20 Days 2.31 5.03 4.49
    60 Days - 2.14 2.38
    120 Days -9.52 -5.50 -4.57
    YTD -28.88 -28.93 -23.65
    P/E (X) 20.55 11.63 15.46
    P/BV (X) 3.37 1.67 1.85
    Turnover Ratio (%) 0.01 0.25 0.65

    Top 10 Major Shareholders(@22 Aug 2018) Share %
    1. บริษัท การบินไทย จำกัด (มหาชน) 143,983,125 22.59
    2. บริษัท การบินกรุงเทพ จำกัด (มหาชน) 60,537,000 9.50
    3. บริษัท เอสโซ่ ประเทศไทย จำกัด (มหาชน) 45,000,000 7.06
    4. บริษัท ปตท. น้ำมันและการค้าปลีก จำกัด (มหาชน) 45,000,000 7.06
    5. บริษัท เชลล์แห่งประเทศไทย จำกัด 45,000,000 7.06
    6. บริษัท ท่าอากาศยานไทย จำกัด (มหาชน) 31,500,000 4.94
    7. บริษัท เชฟรอน (ไทย) จำกัด 16,000,000 2.51
    8. บริษัท แอร์ โททาล (ประเทศไทย) จำกัด 12,750,000 2.00
    9. บริษัท สิงคโปร์ ปิโตรเลียม (ประเทศไทย) จำกัด 12,750,000 2.00
    10. บริษัท ซัสโก้ ดีลเลอร์ส จำกัด 12,750,000 2.00

    Management Position
    1. Mr. PALAKORN SUWANRATH CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR
    2. M.R. SUPADIS DISKUL EXECUTIVE CHAIRMAN / DIRECTOR
    3. Mr. PRAKOBKIAT NINNAD MANAGING DIRECTOR / DIRECTOR
    4. Mr. PERATAK AUTADEJ DIRECTOR
    5. Mr. NITINAI SIRISMATTHAKARN DIRECTOR
    6. Mr. RUNGROJ SIVACHAN DIRECTOR
    7. Sqn.Ldr. PONGTORN THEPKANJANA DIRECTOR
    8. Mr. SURACHAI PIENCHAROENSAK DIRECTOR
    9. Mr. KONGSIAM CHINWANNO DIRECTOR
    10. Mr. PUTTIPONG PRASARTTONG-OSOTH DIRECTOR
    11. Mr. PACHARA YUTIDHAMMADAMRONG INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    12. MR. VISUT MONTRIWAT INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    13. Mr. PIPAT PURNANANDA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    14. Mr. ASWIN KONGSIRI INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    11 Dec 2018
    2017
    29 Dec 2017
    2016
    30 Dec 2016
    Listed share (M.) 637.50  637.50  637.50 
    Market Cap (MB.) 21,196.75  29,802.95  23,109.24 
    Price (B./share) 33.25  46.75  36.25 
    BVPS (B./Share) 9.88  9.55  9.16 
    P/BV (X) 3.37  4.90  3.96 
    P/E (X) 20.55  29.03  22.07 
    Turnover Ratio (%) 23.54  10.27  13.72 
    Value Trade/Day (MB.) 24.25  11.33  11.91 
    Beta 0.73  0.54  0.49 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) -28.88  28.97  23.93 
    Dividend Yield (%) 3.76  3.21  3.03 
    Payout Ratio 0.77  0.93  0.67 
    Dividend Policy Not less than 50% of net profit after tax, legal reserve and other reserves, which no less that 10%, calculated from the net profit of Company?s financial statement only

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2018 - 30 Jun 2018 0.23 Baht 06 Sep 2018 Cash
    01 Jan 2017 - 31 Dec 2017 1.03 Baht 21 May 2018 Cash
    01 Jan 2017 - 30 Jun 2017 0.22 Baht 06 Sep 2017 Cash
    01 Jul 2016 - 31 Dec 2016 1.00 Baht 25 May 2017 Cash
    01 Feb 2016 - 30 Jun 2016 0.25 Baht 09 Sep 2016 Cash
    01 Jul 2015 - 31 Dec 2015 0.85 Baht 25 May 2016 Cash
    01 Jan 2016 - 31 Jan 2016 0.25 Baht 21 Mar 2016 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MISS VISSUTA JARIYATHANAKORN/E Y OFFICE COMPANY LIMITED
    MR. TERMPHONG OPANAPHAN/E Y OFFICE COMPANY LIMITED
    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 1,292.22 2,094.90 1,453.69 4,148.23 1,289.60
    A/R Net 355.97 323.06 353.06 357.85 341.41
    Inventories 34.17 34.73 33.68 32.50 27.79
    Current Assets 2,594.20 2,735.70 2,556.11 4,837.34 1,937.99
    PP&E Net 10,591.88 6,619.37 7,204.19 4,891.91 4,401.53
    Total Assets 15,513.27 11,963.47 12,414.40 12,157.85 8,540.54
    OD - - - - -
    A/P Net 596.44 230.70 430.30 219.64 163.07
    Current portion of LT 354.21 498.91 515.98 509.53 398.31
    Current Liabilities 1,093.14 831.52 1,078.19 854.94 700.67
    Non-Current Liabilities 6,750.12 3,707.53 3,766.49 3,931.70 2,175.67
    Total Liabilities 7,843.26 4,539.05 4,844.68 4,786.65 2,876.35
    Authorized Capital 637.50 637.50 637.50 637.50 637.50
    Paid-Up Capital 637.50 637.50 637.50 637.50 637.50
    Premium (Discount) on Share Capital 434.98 434.98 434.98 434.98 434.98
    Other Surplus (Deficit) 410.08 410.08 410.08 410.08 -
    Retained Earnings (Deficit) 4,813.32 4,604.98 4,747.03 4,574.14 4,337.64
    Treasury Stock - - - - -
    Shareholders' Equity 6,295.87 6,087.52 6,229.58 6,056.69 5,410.11
    Minority Interest 1,374.14 1,336.89 1,340.15 1,314.51 254.09
    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 2,807.17 2,669.75 3,581.31 3,564.69 3,327.86
    Other Income 36.43 46.16 58.89 146.83 31.78
    Total Revenues 2,843.60 2,715.91 3,640.21 3,711.52 3,359.64
    COGs 1,174.06 1,143.91 1,606.00 1,546.33 1,449.18
    SG&A 398.84 375.06 583.76 578.55 564.90
    Total Expenses 1,572.90 1,518.96 2,189.76 2,124.89 2,014.08
    EBITDA 1,690.94 1,613.72 2,008.46 2,124.67 1,843.58
    Depre. & Amor. 420.25 416.77 558.01 538.03 498.02
    EBIT 1,270.69 1,196.95 1,450.45 1,586.64 1,345.56
    Net Profit 869.53 808.58 970.59 1,097.12 957.69
    EPS (B.) 1.36 1.27 1.52 1.72 1.50
    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 1,408.30 1,442.83 1,981.04 1,604.50 1,528.25
    Investing Cash Flow -3,345.75 -2,289.96 -3,438.99 -1,215.09 -475.58
    Financing Cash Flow 1,775.98 -1,206.16 -1,236.53 2,469.22 -800.59
    Net Cash Flow -161.47 -2,053.28 -2,694.48 2,858.63 252.09
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 2.37 3.29 2.37 5.66
    ROE (%) 16.66 17.22 15.80 19.14
    ROA (%) 11.09 13.35 11.81 15.33
    D/E (X) 1.25 0.75 0.78 0.79
    Total Asset Turnover (X) 0.27 0.33 0.30 0.36
    Gross Profit Margin (%) 58.18 57.15 55.16 56.62
    EBIT Margin (%) 44.69 44.07 39.85 42.75
    Net Profit Margin (%) 30.58 29.77 26.66 29.56

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    13 May 2015 XD 127,498,828 637,496,153 1.00

    Growth Rate (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 5.15 0.73 0.47 7.12
    COGs Growth 2.64 5.40 3.86 6.70
    Total Revenue Growth 4.70 -1.89 -1.92 10.47
    Total Expense Growth 3.55 3.21 3.05 5.50
    Net Profit Growth 7.54 -8.02 -11.53 14.56

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 10.95 11.28 10.08 10.20
    Avg. Collection Period (Days) 33.32 32.36 36.23 35.80
    Inventory Turnover (Times) 47.49 50.34 48.54 51.30
    Avg. Inventory Period (Days) 7.69 7.25 7.52 7.12
    A/P Turnover (Times) 3.96 8.55 4.94 8.08
    Avg. Payment Period (Days) 92.26 42.69 73.86 45.17
    Cash Cycle (Days) -51.25 -3.07 -30.11 -2.25


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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.
      -
     
    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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