Company Summary
BGRIM B.GRIMM POWER PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET50 / SETCLMV / SETTHSI
CG Report:   
 
  Data as of 23 Jul 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
35.50 37.50 / 24.30 55.33 4.70 5,213.80 92,544.95 171,611.61 2,417.67 17.66
News
Date/Time Subject
23 Jul 2019 19:45   Establishment of a Subsidiary in the Philippines
23 Jul 2019 19:36   Dau Tieng 1 and Dau Tieng 2 solar projects and Phu Yen TTP solar project have no impact regarding the transmission line and grid overloading in the central of Vietnam
17 Jun 2019 07:26   Notification of Commercial Operation Date (COD) of Solar Projects with an Installed Capacity of 420 Megawatt in Tay Ninh Province and an Installed Capacity of 257 Megawatt in Phu Yen Province, Socialist Republic of Vietnam
04 Jun 2019 08:04   Notification of Commercial Operation Date ("COD") of Nam Che 1 Hydro Power Project
31 May 2019 18:20   Resignation of Director
more

Company Profile
Address No. 5 Grungthepgreetha Road, Hua Mhark, Bang Kapi Bangkok 10240
Telephone 0-2710-3400
Fax 0-2379-4245
URL http://www.bgrimmpower.com
  Annual Report 2018
Establish Date 1993 Listed Date 19/07/2017
IPO Price (Baht) 16.00 @Par2.00 Baht
IPO Financial Advisory
  • KASIKORN SECURITIES PUBLIC COMPANY LIMITED
  • BUALUANG SECURITIES PUBLIC COMPANY LIMITED
  • PHATRA SECURITIES PUBLIC COMPANY LIMITED
  • Par 2.00 Baht
    Last Par Change N/A

    Business
    A holding company holding shares in other companies of which core business is generation and sale of electricity and steam as well as in other relevant commercial activities, in Thailand and other countries

    Free Float 14 Mar 2019 21 Mar 2018
    % /Shareholders
    31.16% 15,309 31.16% 21,951
    Foreign Shareholders 40.46% (As of 23/07/2019) Foreign Limit 49.00%
    NVDR Shareholders  0.98% (As of 23/07/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.39 -1.21 -1.21
    20 Days 1.43 0.57 0.97
    60 Days 10.94 8.98 7.49
    120 Days 21.37 14.87 13.80
    YTD 33.96 18.19 21.46
    P/E (X) 55.33 16.92 18.55
    P/BV (X) 4.70 1.74 1.88
    Turnover Ratio (%) 0.08 0.53 1.06

    Top 10 Major Shareholders(@14 Mar 2019) Share %
    1. B.GRIMM POWER (SINGAPORE) PTE.LTD. 886,002,000 33.99
    2. นาย ฮาราลด์ ลิงค์ 633,399,700 24.30
    3. บริษัท บี.กริม จอยน์ เว็นเจอร์ โฮลดิ้ง จำกัด 235,997,750 9.05
    4. ASIAN DEVELOPMENT BANK 123,000,000 4.72
    5. กองทุนเปิด บัวหลวงหุ้นระยะยาว 44,465,200 1.71
    6. น.ส. คาโรลีนโมนิคมารีครีสตีน ลิงค์ 28,350,000 1.09
    7. บริษัท ไทยประกันชีวิต จำกัด (มหาชน) 28,191,500 1.08
    8. บริษัท เมืองไทยประกันชีวิต จำกัด (มหาชน) 26,735,600 1.03
    9. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 23,722,076 0.91
    10. กองทุนเปิด บัวหลวงหุ้นระยะยาว 75/25 19,520,100 0.75

    Management Position
    1. Mr. HARALD LINK CHAIRMAN
    2. Mrs. PREEYANAT SOONTORNWATA PRESIDENT / DIRECTOR
    3. Miss CAROLINE LINK DIRECTOR
    4. Mr. SOMKIAT SIRICHATCHAI DIRECTOR
    5. Mrs. KATEVALEE NAPASAB INDEPENDENT DIRECTOR
    6. Mrs. ANCHALEE CHAVANICH INDEPENDENT DIRECTOR / CHAIRPERSON OF THE AUDIT COMMITTEE
    7. Mr. ANUSORN SANGNIMNUAN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    8. Mrs. SUNEE SORNCHAITANASUK INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    23 Jul 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 2,606.90  2,606.90  2,606.90 
    Market Cap (MB.) 92,544.95  69,082.85  74,948.38 
    Price (B./share) 35.50  26.50  28.75 
    BVPS (B./Share) 7.55  7.33  7.00 
    P/BV (X) 4.70  3.62  4.11 
    P/E (X) 55.33  31.53  47.90 
    Turnover Ratio (%) 46.76  114.05  155.44 
    Value Trade/Day (MB.) 288.45  333.19  812.08 
    Beta 1.33  1.40  1.89 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 33.96  -7.83  79.69 
    Dividend Yield (%) 0.90  1.13  N/A 
    Payout Ratio 0.50  0.54 
    Dividend Policy Not less than 40.0% of the adjusted profit (net profit not including unrealized gain or loss on exchange rate) after tax under the consolidated financial statements after deduction of legal reserve(with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jul 2018 - 31 Dec 2018 0.17 Baht 10 May 2019 Cash
    01 Jan 2018 - 30 Jun 2018 0.15 Baht 07 Sep 2018 Cash
    01 Jan 2017 - 31 Dec 2017 0.30 Baht 11 May 2018 Cash
     
    Auditor
    (Effective Until 31/12/2019)
    MR. KAJORNKIET AROONPIRODKUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. PAIBOON TUNKOON/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. BOONRUENG LERDWISESWIT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 11,424.46 17,028.74 12,559.73 18,209.46 8,322.13
    A/R Net 6,964.45 5,137.20 6,121.52 4,669.94 4,262.30
    Inventories 977.40 880.06 979.08 877.92 818.66
    Current Assets 25,260.19 24,773.38 23,821.76 25,837.46 16,614.82
    PP&E Net 69,607.23 52,184.39 62,350.38 51,469.85 46,993.80
    Total Assets 110,161.05 89,015.81 100,636.04 89,240.84 76,046.55
    OD 3,000.00 100.00 - - 195.77
    A/P Net 5,891.09 3,826.46 5,581.04 4,491.90 3,614.58
    Current portion of LT 2,117.53 4,790.72 1,957.98 4,669.73 2,943.41
    Current Liabilities 11,615.99 9,081.99 8,189.17 9,447.36 7,076.08
    Non-Current Liabilities 70,008.96 52,988.68 64,707.74 54,049.70 57,436.40
    Total Liabilities 81,624.95 62,070.67 72,896.92 63,497.06 64,512.48
    Authorized Capital 5,400.00 5,400.00 5,400.00 5,400.00 5,400.00
    Paid-Up Capital 5,213.80 5,213.80 5,213.80 5,213.80 3,780.00
    Premium (Discount) on Share Capital 9,644.04 9,644.04 9,644.04 9,644.04 -
    Other Surplus (Deficit) - - - -169.36 -
    Retained Earnings (Deficit) 5,413.57 4,914.02 4,881.16 4,201.40 2,195.65
    Treasury Stock - - - - -
    Shareholders' Equity 19,669.93 19,279.00 19,253.46 18,653.25 5,900.16
    Minority Interest 8,866.17 7,666.14 8,485.67 7,090.52 5,633.91
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    Statement of Comprehensive Income (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 10,256.76 8,155.67 36,585.10 31,482.18 27,746.87
    Other Income 59.15 21.86 459.74 187.02 256.98
    Total Revenues 10,346.13 8,227.82 37,226.86 31,924.95 28,264.86
    COGs 8,557.73 6,437.66 29,732.15 24,742.45 22,060.49
    SG&A 349.16 309.34 1,408.51 1,263.08 1,099.95
    Total Expenses 8,906.89 6,840.34 31,146.32 26,043.90 23,160.45
    EBITDA 2,417.67 2,122.39 9,421.56 8,843.24 7,625.61
    Depre. & Amor. 978.43 734.91 3,341.01 2,962.19 2,521.20
    EBIT 1,439.24 1,387.48 6,080.55 5,881.04 5,104.42
    Net Profit 532.40 722.56 1,862.81 2,126.71 1,380.25
    EPS (B.) 0.20 0.28 0.71 0.96 0.93
    more
    Statement of Cash Flow (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 2,144.12 1,349.91 7,658.02 7,505.43 6,771.64
    Investing Cash Flow -4,796.53 -754.14 -9,973.28 -4,803.90 -13,055.22
    Financing Cash Flow 1,533.71 -1,693.56 -3,290.01 7,310.36 9,562.49
    Net Cash Flow -1,118.70 -1,097.79 -5,605.26 10,011.89 3,278.91
    more
    Annualized: ROE, ROA
    Ratios 3M/2019  3M/2018  2018  2017 
    Current Ratio (X) 2.17 2.73 2.91 2.73
    ROE (%) 8.59 16.84 9.83 17.32
    ROA (%) 6.16 7.04 6.40 7.12
    D/E (X) 4.15 3.22 3.79 3.40
    Total Asset Turnover (X) 0.40 0.39 0.39 0.39
    Gross Profit Margin (%) 16.56 21.07 18.73 21.41
    EBIT Margin (%) 13.91 16.86 16.33 18.42
    Net Profit Margin (%) 5.15 8.78 5.00 6.66

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    21 Aug 2017 PP 65,100,000 2,606,900,000 2.00

    Growth Rate (%) 3M/2019  3M/2018  2018  2017 
    Sales Growth 25.76 N/A 16.21 N/A
    COGs Growth 32.93 N/A 20.17 N/A
    Total Revenue Growth 25.75 N/A 16.61 N/A
    Total Expense Growth 30.21 N/A 19.59 N/A
    Net Profit Growth -26.32 N/A -12.41 N/A

    Annualized
    Cash Cycle 3M/2019  3M/2018  2018  2017 
    A/R Turnover (Times) 6.39 7.44 6.78 7.05
    Avg. Collection Period (Days) 57.09 49.03 53.83 51.78
    Inventory Turnover (Times) 34.30 29.46 32.02 29.17
    Avg. Inventory Period (Days) 10.64 12.39 11.40 12.51
    A/P Turnover (Times) 6.56 6.69 5.90 6.10
    Avg. Payment Period (Days) 55.68 54.52 61.83 59.79
    Cash Cycle (Days) 12.05 6.90 3.40 4.50


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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)
    The Information is provided for informative and educational purposes only.