Company Summary
ECF EAST COAST FURNITECH PUBLIC COMPANY LIMITED
Consumer Products
mai
CG Report:   
 
  Data as of 16 Apr 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
1.80 2.40 / 0.97 41.96 1.40 239.87 1,727.08 3,852.16 222.41 17.32
News
Date/Time Subject
16 Apr 2021 17:41   List of securities which fulfilled the market surveillance criteria
23 Mar 2021 17:01   Dissemination of the Invitation of the 2021 Annual General Meeting of Shareholders on the Company's Website and the Precautionary Measures to Prevent the Spread of Coronavirus Disease (COVID-19) in the Shareholders' Meeting of the Company
03 Mar 2021 07:22   New shares of ECF to be traded on March 4, 2021
01 Mar 2021 07:36   Management Discussion and Analysis Yearly Ending 31 Dec 2020
01 Mar 2021 07:36   Notification on the resolutions of the BODs' Meeting No.1/2021 approving dividend payment, the issuance of ECF-W4, capital increase, and the date of 2021 AGM of Shareholders
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Company Profile
Address 37/9 Moo 10 Banbueng - Klaeng Road, Tambon Tang-Kwiang, Klaeng District Rayong 21110
Telephone 0-3867-1361, 0-3888-6372-4
Fax 0-3888-6375
URL www.eastcoast.co.th
  Annual Report 2020
Establish Date 1992 Listed Date 26/03/2013
IPO Price (Baht) 1.20 @Par0.25 Baht
IPO Financial Advisory
  • ASSET PRO MANAGEMENT COMPANY LIMITED
  • Par 0.25 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  / Consumer Products / Consumer Products

    Business
    East Coast Furnitech Public Company Limited is a manufacturer and distributor of furniture made of particle board and rubber wood, foil paper, dried rubber wood for using as raw materials for manufacturing furnitures, distributor of rubber wood furniture manufactured by ECF or from other domestic and oversea manufacturers and cutting the edge of wood (PVC) for purpose of manufacturing particle board furnitures. Moreover the Company has established one of subsidiary in order to operate the renewable energy business.

    Free Float 04 Jun 2020 13 Mar 2019
    % /Shareholders
    49.71% 4,091 49.93% 5,098
    Foreign Shareholders 0.28% (As of 16/04/2021) Foreign Limit 49.00%
    NVDR Shareholders  6.62% (As of 16/04/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days -5.26 -3.06 -1.49
    20 Days 9.76 6.26 1.19
    60 Days 32.35 -4.15 3.46
    120 Days 34.33 -18.28 -5.66
    YTD 35.34 -9.29 1.80
    P/E (X) 41.96 36.92 89.69
    P/BV (X) 1.40 3.28 2.26
    Turnover Ratio (%) 1.50 1.62 1.05

    Top 10 Major Shareholders(@19 Mar 2021) Share %
    1. นาย อารักษ์ สุขสวัสดิ์ 151,637,750 15.80
    2. นาย ชาลี สุขสวัสดิ์ 149,982,750 15.63
    3. น.ส. ทิพวรรณ สุขสวัสดิ์ 149,560,550 15.59
    4. บริษัท Thai NVDR Company Limited 40,657,151 4.24
    5. MRS. PIKUL PANICH 25,000,000 2.61
    6. นาย WALLOP SUKSAWAT 23,538,800 2.45
    7. MRS. Kanokwan Kwangthong 9,740,600 1.02
    8. นาง WASSANA VIRIYATORNPHAN 9,384,500 0.98
    9. นาง ขันทอง อุดมมหันติสุข 8,000,000 0.83
    10. น.ส. ทัศนีย์ วงษ์จิราษฎร์ 7,204,000 0.75

    Management Position
    1. GEN. TERDSAK MARROME CHAIRMAN / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    2. Mr. WALLOP SUKSAWAD CHAIRMAN OF THE EXECUTIVE COMMITTEE / DIRECTOR
    3. Mr. CHALEE SUKSAWAD VICE PRESIDENT
    4. Mr. ARAK SUKSAWAD MANAGING DIRECTOR / DIRECTOR
    5. Mr. MONTREE SOCATIYANURAK INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    6. Mr. SONGKLOD JARUSOMBUTI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    7. Mr. EKARIN VASANASONG INDEPENDENT DIRECTOR
    8. Mr. PAIBOON AROONPRASOBSUK INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    16 Apr 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 959.49  959.49  959.49 
    Market Cap (MB.) 1,727.08  1,276.12  1,170.57 
    Price (B./share) 1.80  1.33  1.22 
    BVPS (B./Share) 1.28  1.30  1.48 
    P/BV (X) 1.40  1.02  0.83 
    P/E (X) 41.96  22.70  34.94 
    Turnover Ratio (%) 125.90  271.52  76.21 
    Value Trade/Day (MB.) 28.97  13.65  6.89 
    Beta 1.35  0.97  0.47 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 35.34  9.02  -46.49 
    Dividend Yield (%) 0.69  1.26  2.48 
    Payout Ratio 0.39  0.28  0.87 
    Dividend Policy Not less than 40 percent of its net profit after corporation tax, financial statement and legal reserves (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2019 - 31 Dec 2019 0.0167 Baht 22 May 2020 Cash
    01 Jan 2018 - 31 Dec 2018 0.03023 Baht 21 May 2019 Cash
    01 Jan 2017 - 31 Dec 2017 0.0603 Baht - Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MR. PISIT CHIWARUANGROCH/M.R. & ASSOCIATES CO., LTD.
    MR. METHEE RATANASRIMETHA/M.R. & ASSOCIATES CO., LTD.
    MR. AKADET PLIENSAKUL/M.R. & ASSOCIATES 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.) 2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash And Cash Equivalents 187.14 84.06 132.36 106.77
    A/R Net 11.08 40.75 24.09 13.07
    Inventories 1,370.21 1,379.37 1,172.21 998.62
    Current Assets 2,035.77 1,837.49 1,872.72 1,428.27
    PP&E Net 521.51 481.89 459.40 351.09
    Non-Current Assets 1,508.96 1,753.49 1,522.81 1,354.50
    Total Assets 3,544.72 3,590.97 3,395.53 2,782.77
    OD 601.83 522.48 490.84 431.77
    A/P Net 302.61 261.28 115.26 316.95
    Current portion of LT 419.40 633.32 18.34 587.14
    Current Liabilities 1,673.05 1,676.02 1,181.25 1,695.06
    Non-Current Liabilities 631.89 460.54 766.96 58.67
    Total Liabilities 2,304.94 2,136.56 1,948.21 1,753.73
    Authorized Capital 299.16 312.46 354.14 354.14
    Paid-Up Capital 239.87 239.87 239.85 207.50
    Premium (Discount) on Share Capital 768.34 768.34 768.12 386.02
    Retained Earnings (Deficit) 459.79 434.65 395.05 386.79
    Treasury Stock - - - -
    Shares Of The Company Held By Subsidiaries - - - -
    Other Components Of Equity -235.50 -8.83 22.92 52.64
     - Surplus (Deficits) - - - -
    Shareholders' Equity 1,232.50 1,434.04 1,425.94 1,032.95
    Minority Interest 7.28 20.37 21.38 -3.92
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    Statement of Comprehensive Income (MB.) 2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Revenue From Operations 1,384.49 1,254.18 1,454.57 1,444.62
    Other Income 16.75 36.37 48.96 34.06
    Total Revenues 1,408.90 1,290.56 1,503.53 1,478.68
    Costs 1,077.23 884.73 1,014.99 1,160.83
    Selling And Administrative Expenses 195.84 259.64 345.43 179.55
    Total Cost And Expenses 1,291.20 1,144.37 1,360.42 1,340.38
    EBITDA 222.41 231.76 220.80 242.19
    Depre. & Amor. 44.05 74.47 77.30 85.14
    EBIT 178.37 157.28 143.50 157.05
    Net Profit : Owners Of The Parent 41.16 40.29 33.76 73.05
    EPS (B.) 0.04 0.04 0.04 0.11
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    Statement of Cash Flow (MB.) 2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 153.58 -58.89 -110.52 -123.60
    Investing Cash Flow -4.49 -95.84 -355.64 -431.94
    Financing Cash Flow -46.01 106.43 491.75 253.64
    Net Cash Flow 103.08 -48.30 25.59 -301.90
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    Annualized: ROE, ROA
    Ratios 2020  2019  2018 
    Current Ratio (X) 1.22 1.10 1.59
    ROE (%) 3.09 2.82 2.75
    ROA (%) 5.00 4.50 4.65
    D/E (X) 1.86 1.47 1.35
    Total Asset Turnover (X) 0.39 0.37 0.49
    Gross Profit Margin (%) 22.19 29.46 30.22
    EBIT Margin (%) 12.66 12.19 9.54
    Net Profit Margin (%) 2.25 3.04 1.93

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    23 Apr 2018 PP 7,900,000 869,555,498 0.25
    08 Jan 2018 PP 300,000 830,307,452 0.25

    Growth Rate (%) 2020  2019  2018 
    Sales Growth 10.39 -13.78 0.69
    COGs Growth 21.76 -12.83 -12.56
    Total Revenue Growth 9.17 -14.16 1.68
    Total Expense Growth 12.83 -15.88 1.50
    Net Profit Growth 2.17 19.33 -53.78

    Annualized
    Cash Cycle 2020  2019  2018 
    A/R Turnover (Times) 4.15 3.71 4.44
    Avg. Collection Period (Days) 87.85 98.38 82.12
    Inventory Turnover (Times) 0.78 0.69 0.94
    Avg. Inventory Period (Days) 465.82 526.33 390.32
    A/P Turnover (Times) 3.82 3.13 3.27
    Avg. Payment Period (Days) 95.53 116.74 111.76
    Cash Cycle (Days) 458.14 507.98 360.68


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

    Market Alert (Latest)
    Cash Balance 19 Apr 2021 - 28 May 2021
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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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