Company Summary
ECF EAST COAST FURNITECH PUBLIC COMPANY LIMITED
Consumer Products
mai
CG Report:   
 
  Data as of 10 Aug 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
1.30 2.52 / 0.94 26.14 1.00 239.87 1,247.33 3,310.17 52.69 14.44
News
Date/Time Subject
24 Jul 2020 12:33   Notification the exercise of ECF-W3
24 Jul 2020 08:19   Notification of the 6th Exercise of ECF-W3 (August 25, 2020)
21 Jul 2020 12:34   Dissemination of the minutes of the Annual General Meeting of Shareholders for the year 2020 on the Company's Website
14 Jul 2020 12:32   Notification of the resignation of company's director, appointment of an independent director, change of company secretary and change of executive
09 Jul 2020 17:12   Form to Report on Names of Members and Scope of Work of the Audit Committee (F24-1)
more

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 2019
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 0.01% (As of 10/08/2020) Foreign Limit 49.00%
    NVDR Shareholders  3.57% (As of 10/08/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days - -4.74 -2.48
    20 Days -17.20 -18.61 -20.05
    60 Days 27.45 -3.06 3.19
    120 Days 6.56 -0.55 3.30
    YTD 6.56 -3.44 5.23
    P/E (X) 26.14 24.97 24.02
    P/BV (X) 1.00 2.04 1.55
    Turnover Ratio (%) 0.74 0.54 0.25

    Top 10 Major Shareholders(@04 Jun 2020) Share %
    1. MISS TIPPAWAN SUKSAWAD 160,182,750 16.69
    2. นาย อารักษ์ สุขสวัสดิ์ 151,347,750 15.77
    3. นาย ชาลี สุขสวัสดิ์ 139,982,750 14.59
    4. บริษัท Thai NVDR Company Limited 31,319,551 3.26
    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. น.ส. ทัศนีย์ วงษ์จิราษฎร์ 7,204,000 0.75
    10. นาง ขันทอง อุดมมหันติสุข 7,000,000 0.73

    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
    10 Aug 2020    		 2019
    30 Dec 2019    		 2018
    28 Dec 2018
    Listed share (M.) 959.49  959.49  959.41 
    Market Cap (MB.) 1,247.33  1,170.57  2,187.44 
    Price (B./share) 1.30  1.22  2.28 
    BVPS (B./Share) 1.29  1.48  1.46 
    P/BV (X) 1.00  0.83  1.57 
    P/E (X) 26.14  34.94  41.24 
    Turnover Ratio (%) 173.81  76.21  278.83 
    Value Trade/Day (MB.) 13.88  6.89  64.30 
    Beta 0.77  0.47  1.73 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) 6.56  -46.49  -62.00 
    Dividend Yield (%) 1.28  2.48  2.38 
    Payout Ratio 0.34  0.87  0.98 
    Dividend Policy Not less than 40 percent of the net profits after deducting corporate income tax in the financial statements of the Company and legal reserve as prescribed in the articles of association of the Company (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 31/12/2020)
    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.) 3M/2020 
    (01/01/20 
    -31/03/20)     		 3M/2019 
    (01/01/19 
    -31/03/19)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Cash 21.00 295.38 84.06 132.36 106.77
    A/R Net 242.46 280.43 283.32 327.91 289.44
    Inventories 1,397.30 1,215.08 1,379.37 1,172.21 998.62
    Current Assets 2,011.25 1,954.12 1,837.49 1,872.72 1,428.27
    PP&E Net 468.26 456.71 481.89 459.40 351.09
    Total Assets 3,325.98 3,512.86 3,590.97 3,395.53 2,782.77
    OD 535.55 508.50 522.48 490.84 431.77
    A/P Net 154.17 188.23 153.08 189.37 199.73
    Current portion of LT 828.74 21.47 634.69 21.31 592.47
    Current Liabilities 1,842.29 1,149.85 1,676.02 1,181.25 1,695.06
    Non-Current Liabilities 229.30 906.78 460.54 766.96 58.67
    Total Liabilities 2,071.59 2,056.63 2,136.56 1,948.21 1,753.73
    Authorized Capital 312.46 354.14 312.46 354.14 354.14
    Paid-Up Capital 239.87 239.87 239.87 239.85 207.50
    Premium (Discount) on Share Capital 768.34 768.34 768.34 768.12 386.02
    Other Surplus (Deficit) - - - - -
    Retained Earnings (Deficit) 451.77 411.51 434.65 395.05 386.79
    Treasury Stock - - - - -
    Shareholders' Equity 1,242.14 1,434.83 1,434.04 1,425.94 1,032.95
    Minority Interest 12.25 21.41 20.37 21.38 -3.92
    more
    Statement of Comprehensive Income (MB.) 3M/2020 
    (01/01/20 
    -31/03/20)     		 3M/2019 
    (01/01/19 
    -31/03/19)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Sales 289.72 365.37 1,254.18 1,454.57 1,444.62
    Other Income 25.46 6.89 36.72 50.22 34.06
    Total Revenues 332.08 373.88 1,301.66 1,504.79 1,498.18
    COGs 216.73 255.37 884.73 1,014.99 1,160.83
    SG&A 50.48 80.98 259.64 345.43 179.55
    Total Expenses 290.14 336.67 1,144.37 1,361.29 1,341.13
    EBITDA 52.69 55.29 231.76 220.80 242.19
    Depre. & Amor. 10.76 18.07 74.47 77.30 85.14
    EBIT 41.94 37.22 157.28 143.50 157.05
    Net Profit 17.12 9.68 40.29 33.76 73.05
    EPS (B.) 0.02 0.01 0.04 0.04 0.11
    more
    Statement of Cash Flow (MB.) 3M/2020 
    (01/01/20 
    -31/03/20)     		 3M/2019 
    (01/01/19 
    -31/03/19)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 5.66 40.02 -58.89 -110.52 -123.60
    Investing Cash Flow -4.11 30.58 -95.84 -355.64 -431.94
    Financing Cash Flow -64.62 92.42 106.43 491.75 253.64
    Net Cash Flow -63.06 163.02 -48.30 25.59 -301.90
    more
    Annualized: ROE, ROA
    Ratios 3M/2020  3M/2019  2019  2018 
    Current Ratio (X) 1.09 1.70 1.10 1.59
    ROE (%) 3.57 2.64 2.82 2.75
    ROA (%) 4.74 4.43 4.50 4.65
    D/E (X) 1.67 1.43 1.49 1.37
    Total Asset Turnover (X) 0.37 0.45 0.37 0.49
    Gross Profit Margin (%) 25.19 30.11 29.46 30.22
    EBIT Margin (%) 12.63 9.95 12.08 9.54
    Net Profit Margin (%) 5.15 2.59 3.09 2.24

    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
    25 Oct 2017 PP 30,000,000 809,751,786 0.25

    Growth Rate (%) 3M/2020  3M/2019  2019  2018 
    Sales Growth -20.70 -1.38 -13.78 0.69
    COGs Growth -15.13 -1.63 -12.83 -12.56
    Total Revenue Growth -11.18 -2.07 -13.50 0.44
    Total Expense Growth -13.82 -3.00 -15.93 1.50
    Net Profit Growth 76.77 2.12 19.33 -53.78

    Annualized
    Cash Cycle 3M/2020  3M/2019  2019  2018 
    A/R Turnover (Times) 4.51 5.22 4.10 4.71
    Avg. Collection Period (Days) 80.97 69.99 88.94 77.46
    Inventory Turnover (Times) 0.65 0.88 0.69 0.94
    Avg. Inventory Period (Days) 563.49 413.44 526.33 390.32
    A/P Turnover (Times) 4.94 5.15 5.17 5.22
    Avg. Payment Period (Days) 73.86 70.93 70.64 69.96
    Cash Cycle (Days) 570.60 412.50 544.64 397.82


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    Market Alert (Latest)
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    Only Preferred Share and Warrants
    Other Securities
    Securities Name ECF-W3

    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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