Company Summary
BAFS BANGKOK AVIATION FUEL SERVICES PCL.
Resources/Energy & Utilities
sSET / SETTHSI
CG Report:   
 
  Data as of 19 Jan 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
24.10 30.00 / 17.10 N/A 2.74 637.50 15,363.66 27,906.28 498.58 29.45
News
Date/Time Subject
19 Jan 2021 17:13   Notification of the change of shareholding structure of the Company's major shareholders
15 Jan 2021 17:46   Publication of the Invitation Letter to EGM No.1/2021 and the Measures for Attending the EGM, regarding the outbreak of the COVID-19
04 Dec 2020 08:25   Notification of resolutions (Special Meeting ) No. 5/2020 of the Board of Directors concerning entering into an asset acquisition transaction and connected transaction, and determination of date and agenda for EGM No. 1/2021 of BAFS
11 Nov 2020 17:56   Financial Performance Quarter 3 (F45) (Reviewed)
11 Nov 2020 17:56   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
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 2019
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 11 Jun 2020 14 Mar 2019
    % /Shareholders
    45.18% 11,437 45.81% 8,463
    Foreign Shareholders 13.32% (As of 19/01/2021) Foreign Limit 40.00%
    NVDR Shareholders  1.07% (As of 19/01/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 1.26 3.23 2.41
    20 Days -6.41 -9.10 -8.88
    60 Days 29.57 -0.61 2.86
    120 Days 7.59 -0.27 -3.93
    YTD 1.26 -3.71 -3.61
    P/E (X) N/A 40.05 30.41
    P/BV (X) 2.74 1.64 1.72
    Turnover Ratio (%) 0.28 0.70 1.26

    Top 10 Major Shareholders(@18 Dec 2020) Share %
    1. บริษัท การบินไทย จำกัด (มหาชน) 143,983,125 22.59
    2. บริษัท การบินกรุงเทพ จำกัด (มหาชน) 63,737,000 10.00
    3. บริษัท เอสโซ่ ประเทศไทย จำกัด (มหาชน) 45,000,000 7.06
    4. บริษัท เชลล์แห่งประเทศไทย จำกัด 45,000,000 7.06
    5. บริษัท ปตท. น้ำมันและการค้าปลีก จำกัด (มหาชน) 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 สิงคโปร์ ปิโตรเลียม (ประเทศไทย) จำกัด 12,750,000 2.00
    9. บริษัท แอร์ โททาล (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 PRESIDENT / DIRECTOR
    4. Mr. NITINAI SIRISMATTHAKARN DIRECTOR
    5. Mr. KONGSIAM CHINWANNO DIRECTOR
    6. Mr. PUTTIPONG PRASARTTONG-OSOTH DIRECTOR
    7. Mr. CHERDPHAN CHOTIKHUN DIRECTOR
    8. Mr. SAKSITH SRILERTFAR DIRECTOR
    9. Mr. CHUMPOL SURAPITTAYANONT DIRECTOR
    10. Mr. CHAI EAMSIRI 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
    19 Jan 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 637.50  637.50  637.50 
    Market Cap (MB.) 15,363.66  15,172.41  19,124.88 
    Price (B./share) 24.10  23.80  30.00 
    BVPS (B./Share) 8.81  8.81  10.01 
    P/BV (X) 2.74  2.70  3.00 
    P/E (X) N/A  N/A  19.91 
    Turnover Ratio (%) 1.18  19.75  8.91 
    Value Trade/Day (MB.) 15.10  11.90  7.79 
    Beta 0.87  0.87  0.54 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 1.26  -20.67  -8.40 
    Dividend Yield (%) 5.19  5.25  4.57 
    Payout Ratio N/A  N/A  0.91 
    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 Jul 2019 - 31 Dec 2019 1.02 Baht 14 May 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.23 Baht 06 Sep 2019 Cash
    01 Jan 2018 - 31 Dec 2018 1.14 Baht 17 May 2019 Cash
    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
     
    Auditor
    (Effective Until 31/12/2020)
    MISS VISSUTA JARIYATHANAKORN/EY OFFICE LIMITED
    MR. TERMPHONG OPANAPHAN/EY OFFICE LIMITED
    Miss KOSUM CHA-EM/EY OFFICE LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 9M/2020 
    (01/01/20 
    -30/09/20) 
    9M/2019 
    (01/01/19 
    -30/09/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash 1,352.26 1,320.69 1,426.49 1,504.44 1,453.69
    A/R Net 152.70 351.88 388.26 380.07 353.06
    Inventories 57.72 100.14 50.28 39.64 33.68
    Current Assets 2,123.98 2,615.40 2,593.05 2,736.93 2,556.11
    PP&E Net 13,897.21 12,345.28 12,696.98 11,353.85 7,204.19
    Total Assets 19,509.11 17,093.52 17,345.83 16,290.37 12,414.40
    OD - - - - -
    A/P Net 177.14 336.90 295.85 406.21 430.30
    Current portion of LT 515.33 482.76 544.81 344.33 515.98
    Current Liabilities 738.06 936.83 1,021.90 919.87 1,078.19
    Non-Current Liabilities 11,872.71 8,400.35 8,460.12 7,517.53 3,766.49
    Total Liabilities 12,610.77 9,337.18 9,482.02 8,437.40 4,844.68
    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) 410.08 410.08 410.08 410.08 410.08
    Retained Earnings (Deficit) 4,131.68 4,900.74 5,035.03 4,994.38 4,747.03
    Treasury Stock - - - - -
    Shareholders' Equity 5,614.23 6,383.28 6,517.58 6,476.93 6,229.58
    Minority Interest 1,284.11 1,373.05 1,346.23 1,376.04 1,340.15
    more
    Statement of Comprehensive Income (MB.) 9M/2020 
    (01/01/20 
    -30/09/20) 
    9M/2019 
    (01/01/19 
    -30/09/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Sales 1,400.93 2,868.77 3,872.44 3,754.34 3,581.31
    Other Income 53.96 68.58 83.73 52.27 58.89
    Total Revenues 1,456.04 2,937.35 3,956.17 3,806.60 3,640.21
    COGs 1,138.78 1,305.16 1,829.24 1,658.94 1,606.00
    SG&A 412.00 478.20 701.39 611.78 583.76
    Total Expenses 1,552.71 1,784.02 2,531.67 2,270.73 2,189.76
    EBITDA 498.58 1,620.07 2,069.14 2,096.44 2,008.46
    Depre. & Amor. 595.25 466.74 644.64 560.56 558.01
    EBIT -96.67 1,153.33 1,424.50 1,535.87 1,450.45
    Net Profit -253.12 779.71 939.92 1,050.59 970.59
    EPS (B.) -0.40 1.22 1.47 1.65 1.52
    more
    Statement of Cash Flow (MB.) 9M/2020 
    (01/01/20 
    -30/09/20) 
    9M/2019 
    (01/01/19 
    -30/09/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 367.86 1,086.38 1,488.10 1,838.49 1,981.04
    Investing Cash Flow -1,397.98 -1,127.93 -1,405.79 -4,217.22 -3,438.99
    Financing Cash Flow 955.86 -142.16 -160.31 2,429.47 -1,236.53
    Net Cash Flow -74.26 -183.71 -78.00 50.74 -2,694.48
    more
    Annualized: ROE, ROA
    Ratios 9M/2020  9M/2019  2019  2018 
    Current Ratio (X) 2.88 2.79 2.54 2.98
    ROE (%) -1.55 15.16 14.47 16.54
    ROA (%) 0.95 8.70 8.47 10.70
    D/E (X) 2.25 1.46 1.45 1.30
    Total Asset Turnover (X) 0.14 0.24 0.24 0.27
    Gross Profit Margin (%) 18.71 54.50 52.76 55.81
    EBIT Margin (%) -6.64 39.26 36.01 40.35
    Net Profit Margin (%) -17.38 26.54 23.76 27.60

    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 (%) 9M/2020  9M/2019  2019  2018 
    Sales Growth -51.17 2.19 3.15 4.83
    COGs Growth -12.75 11.17 10.27 3.30
    Total Revenue Growth -50.43 3.30 3.93 4.57
    Total Expense Growth -12.97 13.42 11.49 3.70
    Net Profit Growth N/A -10.33 -10.53 8.24

    Annualized
    Cash Cycle 9M/2020  9M/2019  2019  2018 
    A/R Turnover (Times) 9.53 10.78 10.08 10.24
    Avg. Collection Period (Days) 38.30 33.85 36.21 35.64
    Inventory Turnover (Times) 21.07 26.65 40.69 45.25
    Avg. Inventory Period (Days) 17.33 13.69 8.97 8.07
    A/P Turnover (Times) 6.47 3.84 5.21 3.97
    Avg. Payment Period (Days) 56.42 95.16 70.04 92.02
    Cash Cycle (Days) -0.79 -47.61 -24.86 -48.32


    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.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)
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