Company Summary
BM BANGKOK SHEET METAL PUBLIC COMPANY LIMITED
Industrial
mai
CG Report:   
 
  Data as of 22 Sep 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
2.10 2.50 / 1.12 25.03 1.39 220.00 924.00 1,353.15 34.53 13.59
News
Date/Time Subject
09 Sep 2020 07:40   New shares of BM to be traded on September 10, 2020
17 Aug 2020 12:43   Report on the results of the Exercise of BM-W1 (F53-5)
13 Aug 2020 17:13   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2020
13 Aug 2020 17:12   Financial Statement Quarter 2/2020 (Reviewed)
13 Aug 2020 17:12   Financial Performance Quarter 2 (F45) (Reviewed)
more

Company Profile
Address 149 Moo 6 Suksawad rd., Bangjak, Prapadang Samut Prakarn 10130
Telephone 0-2817-5555-7, 0-2817-5440-3
Fax 0-2817-5432 , 0-2817-5443
URL www.bmplc.co.th
  Annual Report 2019
Establish Date 11/5/1995 Listed Date 17/05/2016
IPO Price (Baht) 2.88 @Par0.50 Baht
IPO Financial Advisory
  • ASSET PRO MANAGEMENT COMPANY LIMITED
  • Par 0.50 Baht
    Last Par Change N/A

    Business
    BM operates as a manufacturer and distributor of processed metal products. The Company's products can be classified into 6 categories comprising of (1) Metal Trunking and White Conduits, (2) Communication Racks, Cabinets and Enclosures, (3) Electrical Switchboards and Lighting Fixtures, (4) Fabrication and Metal Working, (5) Mold & Die Making, Machine Tools and Equipments, and (6) Sheet Metal Parts, Press Parts, Machine Parts and Assembly Parts.

    Free Float 18 Mar 2020 15 Mar 2019
    % /Shareholders
    39.98% 1,418 40.75% 1,615
    Foreign Shareholders 9.09% (As of 22/09/2020) Foreign Limit 49.00%
    NVDR Shareholders  0.44% (As of 22/09/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days -1.87 -2.06 -2.42
    20 Days -3.67 -7.41 -7.09
    60 Days 2.94 3.69 -1.46
    120 Days 54.41 11.54 11.51
    YTD 11.11 3.00 9.76
    P/E (X) 25.03 30.10 33.70
    P/BV (X) 1.39 1.15 1.64
    Turnover Ratio (%) N/A 0.61 0.22

    Top 10 Major Shareholders(@18 Mar 2020) Share %
    1. นาย ธเนศ สัจจะบริบูรณ์ 49,555,500 11.26
    2. นาย ธีรวัต อมรธาตรี 47,473,800 10.79
    3. NITTO KOGYO CORPORATION 40,000,000 9.09
    4. นาย ธานิน สัจจะบริบูรณ์ 31,699,000 7.20
    5. นาย ลือชา โพธิ์อบ 28,015,300 6.37
    6. นาย วินัย วงศ์สว่างรัศมี 27,592,200 6.27
    7. นาย PAVIT WONGSAVANGRUSME 14,517,800 3.30
    8. นาย WORAGOON SAJJABORIBUN 13,967,800 3.17
    9. MRS. MONTHIP VIDDAYAKORN 13,881,000 3.15
    10. MISS AREE SATJABORIBOON 13,398,200 3.05

    Management Position
    1. Mr. DAMNOEN KAEWTHAWEE CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    2. Mr. TANIN SAJJABORIBUN CHIEF EXECUTIVE OFFICER / VICE CHAIRMAN OF THE BOARD OF DIRECTORS
    3. Mr. TIRAWAT AMORNTHATRI MANAGING DIRECTOR / DIRECTOR
    4. Mr. TANES SUJJABORIBOON DIRECTOR
    5. Mr. VINAI VONGSWANGRUSSAMEE DIRECTOR
    6. Mr. PRAPART PRAISUWANNA INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    7. Miss NAMTHIP KITSAKSAKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    22 Sep 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 440.00  440.00  440.00 
    Market Cap (MB.) 924.00  831.60  1,284.80 
    Price (B./share) 2.10  1.89  2.92 
    BVPS (B./Share) 1.51  1.55  1.59 
    P/BV (X) 1.39  1.22  1.84 
    P/E (X) 25.03  47.26  29.21 
    Turnover Ratio (%) 8.37  7.19  70.07 
    Value Trade/Day (MB.) 0.45  0.31  4.58 
    Beta 0.90  0.11  0.84 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) 11.11  -35.27  -12.05 
    Dividend Yield (%) 3.81  4.23  3.86 
    Payout Ratio 0.95  2.00  0.40 
    Dividend Policy Not less than forty percent (40%) of the net profit

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2019 - 31 Dec 2019 0.08 Baht 15 May 2020 Cash
    01 Jan 2018 - 31 Dec 2018 0.08 Baht 10 May 2019 Cash
    01 Jan 2017 - 31 Dec 2017 0.04 Baht 23 May 2018 Cash
    01 Jan 2017 - 30 Jun 2017 0.08 Baht 10 Oct 2017 Cash
     
    Auditor
    (Effective Until 31/12/2020)
    MR. PERADATE PONGSATHIANSAK/DHARMNITI AUDITING CO., LTD.
    MISS WANNISA NGAMBUATHONG/DHARMNITI AUDITING CO., LTD.
    MS. CHOTIMA KITSIRAKORN/DHARMNITI AUDITING CO., LTD.
    MISS CHUTINANT KOPRASERTTHAWORN/DHARMNITI AUDITING 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.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash 18.11 0.97 3.30 0.89 5.96
    A/R Net 170.25 226.80 205.48 227.70 181.80
    Inventories 91.68 134.07 102.09 103.57 72.59
    Current Assets 283.72 363.27 314.00 333.05 327.17
    PP&E Net 642.52 616.90 624.79 611.03 542.63
    Total Assets 1,110.78 1,172.09 1,113.22 1,083.44 896.39
    OD 145.00 210.26 92.02 66.91 -
    A/P Net 174.24 174.63 165.31 200.08 164.42
    Current portion of LT 49.66 36.93 51.09 40.85 16.48
    Current Liabilities 373.71 439.98 322.41 311.01 184.63
    Non-Current Liabilities 73.56 69.46 98.84 81.12 27.69
    Total Liabilities 447.26 509.45 421.25 392.13 212.32
    Authorized Capital 275.00 275.00 275.00 275.00 220.00
    Paid-Up Capital 220.00 220.00 220.00 220.00 220.00
    Premium (Discount) on Share Capital 374.06 374.06 374.06 374.06 374.06
    Other Surplus (Deficit) - - - - -
    Retained Earnings (Deficit) 69.62 68.58 98.07 97.26 90.01
    Treasury Stock - - - - -
    Shareholders' Equity 663.52 662.64 691.97 691.32 684.07
    Minority Interest - - - - -
    more
    Statement of Comprehensive Income (MB.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Sales 406.47 393.68 907.72 985.17 841.46
    Other Income 2.30 1.71 5.62 11.72 5.34
    Total Revenues 423.56 395.39 913.34 996.89 846.80
    COGs 344.42 316.43 711.09 815.71 687.50
    SG&A 67.72 54.79 119.77 126.17 103.57
    Total Expenses 412.14 381.61 856.12 954.85 791.56
    EBITDA 34.53 34.89 99.96 83.46 89.57
    Depre. & Amor. 23.11 21.11 42.74 41.42 34.33
    EBIT 11.42 13.78 57.22 42.04 55.24
    Net Profit 7.43 6.53 36.01 24.67 44.30
    EPS (B.) 0.02 0.01 0.08 0.06 0.11
    more
    Statement of Cash Flow (MB.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 47.04 0.60 102.13 105.71 88.95
    Investing Cash Flow -21.20 -86.36 -108.45 -234.15 -158.33
    Financing Cash Flow -10.86 85.85 8.72 123.37 53.72
    Net Cash Flow 14.98 0.09 2.41 -5.07 -15.66
    more
    Annualized: ROE, ROA
    Ratios 6M/2020  6M/2019  2019  2018 
    Current Ratio (X) 0.76 0.83 0.97 1.07
    ROE (%) 5.57 1.90 5.21 3.59
    ROA (%) 4.81 3.00 5.21 4.25
    D/E (X) 0.67 0.77 0.61 0.57
    Total Asset Turnover (X) 0.82 0.81 0.83 1.01
    Gross Profit Margin (%) 15.26 19.62 21.66 17.20
    EBIT Margin (%) 2.70 3.48 6.27 4.22
    Net Profit Margin (%) 1.75 1.65 3.94 2.47

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    17 Nov 2017 PP 40,000,000 440,000,000 0.50

    Growth Rate (%) 6M/2020  6M/2019  2019  2018 
    Sales Growth 3.25 -12.51 -7.86 17.08
    COGs Growth 8.85 -17.12 -12.82 18.65
    Total Revenue Growth 7.13 -14.62 -8.38 17.72
    Total Expense Growth 8.00 -13.59 -10.34 20.63
    Net Profit Growth 13.81 -64.56 45.97 -44.31

    Annualized
    Cash Cycle 6M/2020  6M/2019  2019  2018 
    A/R Turnover (Times) 4.64 4.06 4.19 4.81
    Avg. Collection Period (Days) 78.72 89.80 87.09 75.86
    Inventory Turnover (Times) 6.55 6.11 6.92 9.26
    Avg. Inventory Period (Days) 55.74 59.77 52.78 39.41
    A/P Turnover (Times) 4.24 3.53 3.89 4.48
    Avg. Payment Period (Days) 86.15 103.27 93.78 81.55
    Cash Cycle (Days) 48.32 46.30 46.10 33.72


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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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