Company Summary
HARN HARN ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED
Services
mai
CG Report:   
 
  Data as of 13 Nov 2018  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
2.50 3.58 / 2.42 10.62 1.22 292.25 1,461.25 1,662.64 146.66 8.19
News
Date/Time Subject
12 Nov 2018 08:45   Notification of a resolution of the Board of Directors regarding a subsidiary establishment plan in Vietnam
12 Nov 2018 08:42   Financial Statement Quarter 3/2018 (Reviewed)
12 Nov 2018 08:42   Reviewed Quarter 3 F/S (F45-1)
05 Nov 2018 08:40   Invitation to Shareholders to propose the 2019 Annual General Shareholder's Meeting Agenda and Nominate Director
10 Aug 2018 08:53   Reviewed Quarter 2 F/S (F45-1)
more

Company Profile
Address 19/20-22 Royal City Avenue, Block A, Rama 9 Soi 8 Road, Bang Kapi, Huai Khwang Bangkok 10310
Telephone 0-2203-0868
Fax 0-2203-1504
URL www.harn.co.th
  Annual Report 2017
IPO Price (Baht) 3.00 @Par0.50 Baht
IPO Financial Advisory
  • ADVISORY PLUS CO., LTD.
  • Par 0.50 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  / Services / Services

    Removal of causes of possible delisting/Additional Listed Securities: Backdoor Listing
    Trading Date 09/12/2016
    Financial Advisor -

    Business
    import and distribution of products used in building engineering system, i.e. fire suppression system, air-conditioning system, sanitary system, refrigeration system and digital printing including the provision of consulting, designing services in projects and provision of engineering solutions complete.

    Free Float 12 Mar 2018 15 Mar 2017
    % /Shareholders
    30.09% 2,190 29.70% 2,066
    Foreign Shareholders 12.65% (As of 13/11/2018) Foreign Limit 49.00%
    NVDR Shareholders  0.02% (As of 13/11/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days -3.85 -0.70 -2.11
    20 Days -3.10 5.93 1.48
    60 Days -6.02 1.93 -1.17
    120 Days -10.71 5.72 2.82
    YTD -22.84 12.86 0.24
    P/E (X) 10.62 N/A 55.64
    P/BV (X) 1.22 2.77 2.09
    Turnover Ratio (%) 0.04 0.04 0.10

    Top 10 Major Shareholders(@12 Mar 2018) Share %
    1. นาย วิรัฐ สุขชัย 87,781,350 15.02
    2. NICE NOBLE LIMITED 73,316,475 12.54
    3. นาง สิริมา เอี่ยมสกุลรัตน์ 72,649,151 12.43
    4. นาย เจน ชาญณรงค์ 72,319,130 12.37
    5. นาย วสันต์ นันทขว้าง 28,440,000 4.87
    6. น.ส. นพพร ชาญณรงค์ 26,429,444 4.52
    7. นาย ธรรมนูญ ตรีเพ็ชร 21,023,820 3.60
    8. นาย ชัยวัฒน์ แต้ไพสิฐพงษ์ 19,130,000 3.27
    9. น.ส. ปนัดดา ทองเหลี่ยม 14,832,149 2.54
    10. นาง นพรัตน์ สุขชัย 13,000,000 2.22

    Management Position
    1. Mr. THAKOL NUNTHIRAPAKORN CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    2. Mr. WIRAT SUKCHAI CHAIRMAN OF EXECUTIVE DIRECTOR BOARD / CHIEF EXECUTIVE OFFICER / MANAGING DIRECTOR / DIRECTOR
    3. Mr. WASAN NANTAKHWANG MANAGING DIRECTOR / DIRECTOR
    4. Mr. THAMMANOON TRIPETCHR MANAGING DIRECTOR / DIRECTOR
    5. Mrs. SIRIMA IAMSAKULRAT DIRECTOR
    6. Mrs. VALEERATN CHUERBOONCHAI DIRECTOR
    7. MR. PARKPHUM WONGPAITOON DIRECTOR
    8. Mr. JAIN CHARNNARONG DIRECTOR
    9. Mr. SOTHITORN MALLIKAMAS INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Miss VORANUCH SUPAIBULPIPAT INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. Mr. SUPOT TIARAWUT INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    13 Nov 2018
    2017
    29 Dec 2017
    2016
    30 Dec 2016
    Listed share (M.) 584.50  584.50  584.50 
    Market Cap (MB.) 1,461.25  1,893.78  1,508.01 
    Price (B./share) 2.50  3.24  2.58 
    BVPS (B./Share) 2.04  2.01  1.27 
    P/BV (X) 1.22  1.61  3.39 
    P/E (X) 10.62  18.40  37.45 
    Turnover Ratio (%) 13.65  213.67  160.40 
    Value Trade/Day (MB.) 1.11  16.47  6.26 
    Beta 0.63  0.47  1.00 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) -22.84  25.58  12.17 
    Dividend Yield (%) 5.60  2.78  2.32 
    Payout Ratio 0.59  0.51  0.87 
    Dividend Policy At least 40% of its net profit after income tax and all legally required reserves. Considering the Company?s separate financial statements

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2017 - 31 Dec 2017 0.14 Baht 25 May 2018 Cash
    01 Jan 2016 - 31 Dec 2016 0.09 Baht 26 May 2017 Cash
    01 Jan 2015 - 31 Dec 2015 0.10 Baht 27 May 2016 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MR. PERADATE PONGSATHIANSAK/DHARMNITI AUDITING CO., LTD.
    MR. THANAWUT PIBOONSAWAT/DHARMNITI AUDITING CO., LTD.
    MISS WANNISA NGAMBUATHONG/DHARMNITI AUDITING CO., LTD.
    MISS SULALIT ARDSAWANG/DHARMNITI AUDITING CO., LTD.
    MISS THANYAPORN TANGTHANOPAJAI/DHARMNITI AUDITING CO., LTD.
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 23.67 35.16 41.96 35.87 28.18
    A/R Net 273.92 319.63 274.84 273.95 116.90
    Inventories 288.92 299.97 291.27 237.57 114.31
    Current Assets 838.09 912.42 828.75 847.84 535.61
    PP&E Net 32.91 38.27 150.47 41.56 16.22
    Total Assets 1,456.82 1,431.35 1,457.34 1,379.85 569.01
    OD - - - - -
    A/P Net 165.54 198.72 174.47 171.45 88.57
    Current portion of LT - - - - -
    Current Liabilities 180.17 212.00 197.77 194.25 101.70
    Non-Current Liabilities 44.89 43.30 44.90 47.96 15.51
    Total Liabilities 225.06 255.31 242.67 242.21 117.21
    Authorized Capital 292.25 292.25 292.25 292.25 175.00
    Paid-Up Capital 292.25 292.25 292.25 292.25 175.00
    Premium (Discount) on Share Capital 776.42 776.42 776.42 776.42 218.31
    Other Surplus (Deficit) - - - - -
    Retained Earnings (Deficit) 163.10 107.38 146.01 68.97 58.49
    Treasury Stock - - - - -
    Shareholders' Equity 1,231.76 1,176.05 1,214.68 1,137.64 451.80
    Minority Interest - - - - -
    more
    Statement of Comprehensive Income (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 1,014.19 965.75 1,285.96 645.52 567.54
    Other Income 7.15 11.21 14.74 17.21 15.41
    Total Revenues 1,021.34 976.96 1,300.70 662.72 582.95
    COGs 713.88 693.37 905.04 487.61 425.79
    SG&A 184.17 170.98 234.53 124.37 100.55
    Total Expenses 898.05 864.35 1,139.57 611.98 526.34
    EBITDA 146.66 135.63 192.07 57.86 60.94
    Depre. & Amor. 23.37 23.02 30.93 7.12 4.32
    EBIT 123.29 112.62 161.13 50.74 56.61
    Net Profit 98.92 91.01 129.68 40.53 46.20
    EPS (B.) 0.17 0.16 0.22 0.11 0.13
    more
    Statement of Cash Flow (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 96.51 18.64 107.14 17.49 50.35
    Investing Cash Flow -32.97 33.27 -48.44 33.58 4.68
    Financing Cash Flow -81.83 -52.60 -52.60 -43.39 -52.50
    Net Cash Flow -18.29 -0.70 6.09 7.68 2.52
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 4.65 4.30 4.19 4.36
    ROE (%) 11.43 12.70 11.03 5.10
    ROA (%) 11.90 12.68 11.36 5.21
    D/E (X) 0.18 0.22 0.20 0.21
    Total Asset Turnover (X) 0.93 1.16 0.92 0.68
    Gross Profit Margin (%) 29.61 28.20 29.62 24.46
    EBIT Margin (%) 12.07 11.53 12.39 7.66
    Net Profit Margin (%) 9.69 9.32 9.97 6.12

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    29 Nov 2016 PP 234,500,000 584,500,000 0.50

    Growth Rate (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 5.02 109.51 99.21 13.74
    COGs Growth 2.96 95.90 85.61 14.52
    Total Revenue Growth 4.54 106.80 96.27 13.68
    Total Expense Growth 3.90 97.90 86.21 16.27
    Net Profit Growth 8.68 218.14 219.95 -12.28

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 4.50 4.68 4.69 3.30
    Avg. Collection Period (Days) 81.18 77.93 77.88 110.50
    Inventory Turnover (Times) 3.14 3.98 3.42 2.77
    Avg. Inventory Period (Days) 116.12 91.81 106.64 131.70
    A/P Turnover (Times) 5.08 5.32 5.23 3.75
    Avg. Payment Period (Days) 71.82 68.67 69.76 97.32
    Cash Cycle (Days) 125.47 101.07 114.77 144.88


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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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