Company Summary
ERW THE ERAWAN GROUP PUBLIC COMPANY LIMITED
Services/Tourism & Leisure
SET100 / SETWB
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
6.00 8.45 / 5.95 31.07 2.61 2,513.27 15,079.63 25,361.53 615.72 13.60
News
Date/Time Subject
13 Jun 2019 08:11   New shares of ERW to be traded on June 14, 2019
05 Jun 2019 13:27   Report on the results of sale of common shares offered to employee stock option program (F53-5)-Lot 2
05 Jun 2019 13:27   Report on the results of sale of common shares offered to employee stock option program (F53-5)-Lot 1
05 Jun 2019 13:26   Report on the results of sale of common shares offered to employee stock option program (F53-5)-Lot 3
14 May 2019 17:08   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2019
more

Company Profile
Address PLOENCHIT CENTER, FLOOR 6, 2 SUKHUMVIT ROAD, KHLONG TOEI Bangkok 10110
Telephone 0-2257-4588
Fax 0-2257-4577
URL http://www.theerawan.com
  Annual Report 2018
Establish Date 29/12/1982 Listed Date 26/08/1988
IPO Price (Baht) 31.00 @Par10.00 Baht
IPO Financial Advisory N/A
Par 1.00 Baht
Last Par Change Old 6.00 : New 1.00 @ 20/05/2004

Market/Industry/Sector Change
Effective Date 08/11/2004
Previous Market/Industry/Sector SET  / Property & Construction / Property Development
Current Market/Industry/Sector SET  / Services / Tourism & Leisure

Business
Invest and develop hotel properties strategically located to match travelers' different demand.

Free Float 12 Mar 2019 13 Mar 2018
% /Shareholders
60.61% 7,767 59.22% 6,776
Foreign Shareholders 15.27% (As of 23/07/2019) Foreign Limit 49.00%
NVDR Shareholders  3.37% (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 -5.51 -3.84 -5.34
20 Days -7.69 -4.04 -8.11
60 Days -12.41 3.11 -15.13
120 Days -14.29 -4.12 -19.63
YTD -4.76 3.04 -13.65
P/E (X) 31.07 27.10 18.55
P/BV (X) 2.61 1.85 1.88
Turnover Ratio (%) 0.62 0.20 1.06

Top 10 Major Shareholders(@12 Mar 2019) Share %
1. นาย สุขกาญจน์ วัธนเวคิน 336,439,178 13.39
2. บริษัท ซิตี้ โฮลดิ้ง จำกัด 232,093,100 9.24
3. นาง วรรณสมร วรรณเมธี 149,757,004 5.96
4. บริษัท ทุนมิตรสยาม จำกัด 144,488,645 5.75
5. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 105,472,204 4.20
6. PAN ASIA ASSETS LIMITED 73,000,000 2.91
7. นาย สุพล วัธนเวคิน 66,235,502 2.64
8. CREDIT SUISSE AG, SINGAPORE BRANCH 60,030,000 2.39
9. N.C.B.TRUST LIMITED-NORGES BANK 1 55,544,600 2.21
10. น.ส. ฐิตินันท์ วัธนเวคิน 43,659,291 1.74

Management Position
1. Mr. CHANIN VONGKUSOLKIT CHAIRMAN OF THE BOARD
2. Mr. PETCH KRAINUKUL PRESIDENT / DIRECTOR
3. Mrs. PANIDA THEPKANJANA DIRECTOR
4. Mr. SUPOL WATTANAVEKIN DIRECTOR
5. Mr. GAVIN VONGKUSOLKIT DIRECTOR
6. Mrs. ARADA VONGKUSOLKIT DIRECTOR
7. Mr. KASAMA PUNYAGUPTA DIRECTOR
8. Mr. EKASITH JOTIKASTHIRA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
9. Mr. BANYONG PONGPANICH INDEPENDENT DIRECTOR
10. Mrs. KULPATRA SIRODOM INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
11. Mr. SOMPRAWIN MANPRASERT 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.) 2,513.27  2,507.72  2,500.89 
Market Cap (MB.) 15,079.63  15,798.61  21,757.77 
Price (B./share) 6.00  6.30  8.70 
BVPS (B./Share) 2.30  2.12  2.03 
P/BV (X) 2.61  2.97  4.29 
P/E (X) 31.07  30.51  48.62 
Turnover Ratio (%) 37.67  79.46  88.55 
Value Trade/Day (MB.) 47.71  61.42  53.13 
Beta 1.17  1.40  0.96 
 
Rate of Return YTD  2018  2017 
Price Change (%) -4.76  -27.59  93.33 
Dividend Yield (%) 1.50  1.42  0.69 
Payout Ratio 0.47  0.43  0.33 
Dividend Policy To pay 40 percent of its net profit as reported in the Consolidated Financial Statements following deductions of all kinds of reserve as specified by law and the Company and to pay from the Company's net profit (with additional conditions)

Dividend
Operation Period Dividend/Share Unit Payment Date Type
01 Jan 2018 - 31 Dec 2018 0.09 Baht - Cash
- 0.09 Baht - Cash
01 Jan 2016 - 31 Dec 2016 0.06 Baht 24 May 2017 Cash
 
Auditor
(Effective Until 31/12/2019)
MISS VIPAVAN PATTAVANVIVEK/KPMG PHOOMCHAI AUDIT LIMITED
MISS VILAIVAN PHOLPRASERT/KPMG PHOOMCHAI AUDIT LIMITED
MISS PATAMAVAN VADHANAKUL/KPMG PHOOMCHAI AUDIT 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 1,392.43 1,180.56 1,051.29 1,076.98 795.43
A/R Net 178.06 213.92 205.31 217.61 202.33
Inventories 49.59 50.51 55.43 56.83 53.23
Current Assets 1,885.64 1,694.63 1,559.94 1,572.67 1,278.16
PP&E Net 13,636.65 12,697.44 13,505.20 12,567.57 11,707.47
Total Assets 17,450.63 16,299.91 16,948.69 16,047.70 14,911.12
OD 865.00 1,185.00 749.00 1,095.00 1,182.00
A/P Net 218.02 268.36 224.89 279.51 252.27
Current portion of LT 1,461.04 661.55 1,525.45 916.37 1,376.44
Current Liabilities 3,570.81 3,016.03 3,539.83 3,217.81 3,606.10
Non-Current Liabilities 7,920.80 7,607.16 7,700.44 7,426.85 6,232.46
Total Liabilities 11,491.61 10,623.19 11,240.27 10,644.66 9,838.56
Authorized Capital 2,537.89 2,537.89 2,537.89 2,537.89 2,537.89
Paid-Up Capital 2,512.10 2,504.98 2,507.72 2,500.89 2,498.17
Premium (Discount) on Share Capital 888.88 861.63 871.84 846.27 836.50
Other Surplus (Deficit) - - - - -
Retained Earnings (Deficit) 2,522.47 2,251.07 2,287.87 1,965.45 1,609.88
Treasury Stock - - - - -
Shareholders' Equity 5,776.29 5,490.13 5,543.11 5,236.02 4,917.92
Minority Interest 182.72 186.59 165.31 167.01 154.63
more
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 1,758.07 1,776.57 6,260.17 5,995.63 5,624.17
Other Income 17.05 9.76 47.51 54.83 39.78
Total Revenues 1,775.11 1,786.33 6,307.68 6,050.46 5,663.95
COGs 739.52 719.30 2,815.16 2,635.64 2,575.50
SG&A 423.16 408.54 1,595.36 1,571.06 1,481.68
Total Expenses 1,365.51 1,325.30 5,190.13 4,969.60 4,772.42
EBITDA 615.72 644.35 1,893.48 1,819.28 1,621.37
Depre. & Amor. 206.11 183.32 775.94 738.42 729.84
EBIT 409.61 461.03 1,117.54 1,080.86 891.53
Net Profit 234.60 285.62 536.31 505.57 366.89
EPS (B.) 0.09 0.11 0.21 0.20 0.15
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 518.01 530.97 1,743.82 1,679.96 1,415.75
Investing Cash Flow -364.63 -373.83 -1,660.88 -1,499.79 -884.32
Financing Cash Flow 198.49 -34.45 -92.89 121.53 -743.41
Net Cash Flow 351.87 122.69 -9.95 301.70 -211.98
more
Annualized: ROE, ROA
Ratios 3M/2019  3M/2018  2018  2017 
Current Ratio (X) 0.53 0.56 0.44 0.49
ROE (%) 8.61 11.01 9.95 9.96
ROA (%) 6.32 7.43 6.77 6.98
D/E (X) 1.99 1.93 2.03 2.03
Total Asset Turnover (X) 0.37 0.39 0.38 0.39
Gross Profit Margin (%) 57.94 59.51 55.03 56.04
EBIT Margin (%) 23.08 25.81 17.72 17.86
Net Profit Margin (%) 13.22 15.99 8.50 8.36

Information only PP, PO, XR and XD
Capital Movement (Last 3 Year)
Date CA Type Changed paid up share Paid up share Par
31 May 2019 PP 16,000 2,513,270,935 1.00
31 May 2019 PP 1,152,000 2,513,254,935 1.00
28 Feb 2019 PP 3,806,160 2,512,102,935 1.00
28 Feb 2019 PP 563,365 2,508,296,775 1.00
28 Feb 2019 PP 17,500 2,507,733,410 1.00
30 Nov 2018 PP 500,000 2,507,715,910 1.00
30 Nov 2018 PP 612,000 2,507,215,910 1.00
31 Aug 2018 PP 728,000 2,506,603,910 1.00
31 May 2018 PP 230,000 2,505,875,910 1.00
25 May 2018 PP 667,635 2,505,645,910 1.00
28 Feb 2018 PP 3,634,000 2,504,978,275 1.00
28 Feb 2018 PP 451,000 2,501,344,275 1.00
30 Nov 2017 PP 475,000 2,500,893,275 1.00
31 Aug 2017 PP 249,000 2,500,418,275 1.00
31 May 2017 PP 248,000 2,500,169,275 1.00
28 Feb 2017 PP 1,748,000 2,499,921,275 1.00

Growth Rate (%) 3M/2019  3M/2018  2018  2017 
Sales Growth -1.04 9.67 4.41 6.60
COGs Growth 2.81 6.14 6.81 2.34
Total Revenue Growth -0.63 9.24 4.25 6.82
Total Expense Growth 3.03 4.73 4.44 4.13
Net Profit Growth -17.86 37.54 6.08 37.80

Annualized
Cash Cycle 3M/2019  3M/2018  2018  2017 
A/R Turnover (Times) 31.85 29.82 29.60 28.55
Avg. Collection Period (Days) 11.46 12.24 12.33 12.78
Inventory Turnover (Times) 56.65 54.45 50.15 47.89
Avg. Inventory Period (Days) 6.44 6.70 7.28 7.62
A/P Turnover (Times) 11.66 10.76 11.16 9.91
Avg. Payment Period (Days) 31.31 33.91 32.70 36.82
Cash Cycle (Days) -13.40 -14.97 -13.09 -16.42


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  -
 
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