Company Summary
ECF EAST COAST FURNITECH PUBLIC COMPANY LIMITED
Consumer Products
mai
CG Report:   
 
  Data as of 25 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
1.32 2.40 / 0.94 30.30 1.04 239.87 1,266.52 3,868.43 95.15 17.62
News
Date/Time Subject
27 Aug 2020 17:05   Report on the results of the Exercise of ECF-W3 (F53-5)
14 Aug 2020 08:43   Financial Statement Quarter 2/2020 (Reviewed)
14 Aug 2020 08:43   Financial Performance Quarter 2 (F45) (Reviewed)
14 Aug 2020 08:41   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2020
24 Jul 2020 12:33   Notification the exercise of ECF-W3
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 0.00% (As of 25/09/2020) Foreign Limit 49.00%
    NVDR Shareholders  2.81% (As of 25/09/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days 3.94 2.71 1.94
    20 Days 1.54 -1.82 -1.63
    60 Days -18.01 -23.56 -23.55
    120 Days 30.69 -22.92 -12.06
    YTD 8.20 -4.58 5.79
    P/E (X) 30.30 26.44 34.04
    P/BV (X) 1.04 2.16 1.66
    Turnover Ratio (%) 2.53 0.78 0.27

    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
    25 Sep 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 959.49  959.49  959.41 
    Market Cap (MB.) 1,266.52  1,170.57  2,187.44 
    Price (B./share) 1.32  1.22  2.28 
    BVPS (B./Share) 1.27  1.48  1.46 
    P/BV (X) 1.04  0.83  1.57 
    P/E (X) 30.30  34.94  41.24 
    Turnover Ratio (%) 215.88  76.21  278.83 
    Value Trade/Day (MB.) 14.39  6.89  64.30 
    Beta 0.83  0.47  1.73 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) 8.20  -46.49  -62.00 
    Dividend Yield (%) 1.27  2.48  2.38 
    Payout Ratio 0.38  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.) 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 79.16 124.02 84.06 132.36 106.77
    A/R Net 248.62 304.52 283.32 327.91 289.44
    Inventories 1,393.32 1,302.83 1,379.37 1,172.21 998.62
    Current Assets 2,091.92 1,904.24 1,837.49 1,872.72 1,428.27
    PP&E Net 459.24 481.52 481.89 459.40 351.09
    Total Assets 3,901.55 3,493.43 3,590.97 3,395.53 2,782.77
    OD 546.75 492.87 522.48 490.84 431.77
    A/P Net 221.66 200.05 153.08 189.37 199.73
    Current portion of LT 805.13 25.18 634.69 21.31 592.47
    Current Liabilities 1,873.42 1,136.98 1,676.02 1,181.25 1,695.06
    Non-Current Liabilities 795.68 927.19 460.54 766.96 58.67
    Total Liabilities 2,669.10 2,064.17 2,136.56 1,948.21 1,753.73
    Authorized Capital 312.46 312.46 312.46 354.14 354.14
    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) 433.92 393.38 434.65 395.05 386.79
    Treasury Stock - - - - -
    Shareholders' Equity 1,220.48 1,408.42 1,434.04 1,425.94 1,032.95
    Minority Interest 11.96 20.84 20.37 21.38 -3.92
    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 572.15 667.50 1,254.18 1,454.57 1,444.62
    Other Income 34.33 26.03 36.72 50.22 34.06
    Total Revenues 626.91 694.61 1,301.66 1,504.79 1,498.18
    COGs 436.38 465.08 884.73 1,014.99 1,160.83
    SG&A 94.29 158.00 259.64 345.43 179.55
    Total Expenses 553.60 623.74 1,144.37 1,361.29 1,341.13
    EBITDA 95.15 107.39 231.76 220.80 242.19
    Depre. & Amor. 21.85 36.51 74.47 77.30 85.14
    EBIT 73.31 70.88 157.28 143.50 157.05
    Net Profit 15.30 13.78 40.29 33.76 73.05
    EPS (B.) 0.02 0.01 0.04 0.04 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 134.62 -44.64 -58.89 -110.52 -123.60
    Investing Cash Flow -546.92 11.06 -95.84 -355.64 -431.94
    Financing Cash Flow 407.39 25.24 106.43 491.75 253.64
    Net Cash Flow -4.90 -8.34 -48.30 25.59 -301.90
    more
    Annualized: ROE, ROA
    Ratios 6M/2020  6M/2019  2019  2018 
    Current Ratio (X) 1.12 1.67 1.10 1.59
    ROE (%) 3.18 2.60 2.82 2.75
    ROA (%) 4.32 4.53 4.50 4.65
    D/E (X) 2.19 1.47 1.49 1.37
    Total Asset Turnover (X) 0.33 0.45 0.37 0.49
    Gross Profit Margin (%) 23.73 30.33 29.46 30.22
    EBIT Margin (%) 11.69 10.20 12.08 9.54
    Net Profit Margin (%) 2.44 1.98 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 (%) 6M/2020  6M/2019  2019  2018 
    Sales Growth -14.28 -1.52 -13.78 0.69
    COGs Growth -6.17 -1.06 -12.83 -12.56
    Total Revenue Growth -9.75 -1.48 -13.50 0.44
    Total Expense Growth -11.24 -2.82 -15.93 1.50
    Net Profit Growth 10.98 6.03 19.33 -53.78

    Annualized
    Cash Cycle 6M/2020  6M/2019  2019  2018 
    A/R Turnover (Times) 4.19 4.91 4.10 4.71
    Avg. Collection Period (Days) 87.11 74.34 88.94 77.46
    Inventory Turnover (Times) 0.64 0.82 0.69 0.94
    Avg. Inventory Period (Days) 574.80 443.52 526.33 390.32
    A/P Turnover (Times) 4.06 5.51 5.17 5.22
    Avg. Payment Period (Days) 89.91 66.26 70.64 69.96
    Cash Cycle (Days) 572.01 451.61 544.64 397.82


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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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