Company Summary
HFT HWA FONG RUBBER (THAILAND) PUBLIC COMPANY LIMITED
Industrials/Automotive
sSET
CG Report:   -
 
  Data as of 18 May 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
6.10 8.10 / 2.96 9.54 1.18 658.43 4,016.45 3,763.49 184.30 6.25
News
Date/Time Subject
06 May 2021 17:26   Financial Performance Quarter 1 (F45) (Reviewed)
06 May 2021 17:26   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2021
06 May 2021 17:25   Financial Statement Quarter 1/2021 (Reviewed)
06 May 2021 17:21   Approved FS Q1/2021
26 Apr 2021 08:18   Shareholders meeting's resolution (Edit)
more

Company Profile
Address 317 SOI 6C MOO 4 BANGPU INDUSTRIAL ESTATE TOMBOL PRAKSA, AMPHOE MUEANG Samut Prakarn 10280
Telephone 0-2709-6580
Fax 0-2324-0483-4, 0-2709-6589
URL www.duro.co.th
  Annual Report 2020
Establish Date 2/6/1987 Listed Date 15/12/2003
IPO Price (Baht) 35.50 @Par10.00 Baht
IPO Financial Advisory
  • MAYBANK KIM ENG SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change Old 10.00 : New 1.00 @ 11/05/2009

    Business
    The Company is principally engaged in the manufacture and distribution of tires and tubes for bicycle, motorcycles and small logistics vehicles.

    Free Float 19 Mar 2021 10 Apr 2020
    % /Shareholders
    44.74% 3,838 47.18% 2,242
    Foreign Shareholders 58.24% (As of 18/05/2021) Foreign Limit 100.00%
    NVDR Shareholders  4.53% (As of 18/05/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -8.96 -7.83 -8.25
    20 Days -11.59 -17.37 -12.60
    60 Days 15.09 6.24 11.00
    120 Days 47.34 16.86 28.33
    YTD 22.00 4.19 12.85
    P/E (X) 9.54 24.99 29.97
    P/BV (X) 1.18 1.09 1.72
    Turnover Ratio (%) 0.33 1.67 1.67

    Top 10 Major Shareholders(@05 May 2021) Share %
    1. HWA FONG RUBBER INDUSTRY CO.,LTD. 332,000,000 50.42
    2. บริษัท Thai NVDR Company Limited 30,894,400 4.69
    3. นาย ANAN RAVEESANGSOON 22,720,000 3.45
    4. MRS. HSIN-MEI YEN HSIEH 15,018,000 2.28
    5. นาย RAVI KASEMSARN 11,750,000 1.78
    6. บริษัท ทีโอเอ กรุ๊ป โฮลดิ้ง จำกัด โดย บล.ไทยพาณิชย์ จำกัด 6,208,900 0.94
    7. นาง ปิยะมาศ ประพฤทธิพงษ์ 6,050,000 0.92
    8. นาย VEERATHEP PRAPHUTTIPHONG 6,050,000 0.92
    9. MR. CHIH-CHE YEN 5,150,000 0.78
    10. MRS. CHIN-LIEN YEN HUANG 5,150,000 0.78

    Management Position
    1. Mr. KUO - JUNG SHEN CHAIRMAN OF THE BOARD / MANAGING DIRECTOR
    2. Mr. YEN MING SHAN VICE CHAIRMAN
    3. Mr. YEN YA-NAN DIRECTOR
    4. Mr. CHIH-CHE YEN DIRECTOR
    5. Mr. CHUANG CHIH - YAO DIRECTOR
    6. Mr. HSIH-CHIEN CHIU DIRECTOR
    7. Miss PING - YI WU DIRECTOR
    8. Mr. LIU HSING - HUNG DIRECTOR
    9. Mrs. SYUAN WEN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. HSIAO CHIN-LUNG INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    11. Mr. MONSIAM SINWORAPHAN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. Mr. CHENG-YUNG LIN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    18 May 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 658.43  658.43  658.43 
    Market Cap (MB.) 4,016.45  3,292.17  2,027.98 
    Price (B./share) 6.10  5.00  3.08 
    BVPS (B./Share) 5.15  4.73  4.34 
    P/BV (X) 1.18  1.06  0.71 
    P/E (X) 9.54  9.00  8.13 
    Turnover Ratio (%) 74.84  83.63  11.93 
    Value Trade/Day (MB.) 35.75  8.23  0.94 
    Beta 0.56  0.58  0.45 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 22.00  62.34  5.48 
    Dividend Yield (%) 5.16  2.90  4.87 
    Payout Ratio 0.72  0.26  0.40 
    Dividend Policy Minimum of 30% of net profit after deduction of corporate tax anf other reserves if there will be not any necessary matters

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2020 - 31 Dec 2020 0.315 Baht 21 May 2021 Cash
    01 Jan 2019 - 31 Dec 2019 0.145 Baht 10 Jun 2020 Cash
    01 Jan 2018 - 31 Dec 2018 0.15 Baht - Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MRS. ANUTAI POOMSURAKUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. KRIT CHATCHAVALWONG/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. SA-NGA CHOKENITISAWAT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Cash And Cash Equivalents 969.67 908.08 946.51 717.07 465.73
    A/R Net 548.43 - - - -
    Inventories 731.04 636.49 534.82 567.80 509.23
    Current Assets 2,286.99 2,010.53 2,043.02 1,998.67 1,567.11
    PP&E Net 1,536.67 1,387.63 1,538.08 1,363.14 1,271.26
    Non-Current Assets 1,822.76 1,665.20 1,819.96 1,654.86 1,773.63
    Total Assets 4,109.75 3,675.72 3,862.98 3,653.53 3,340.75
    OD - - - - -
    A/P Net 559.56 343.44 477.27 451.97 -
    Current portion of LT - 146.73 5.75 146.70 0.77
    Current Liabilities 646.52 555.33 541.32 641.05 354.61
    Non-Current Liabilities 70.19 66.37 68.79 64.99 178.60
    Total Liabilities 716.71 621.70 610.10 706.04 533.21
    Authorized Capital 658.43 658.43 658.43 658.43 658.43
    Paid-Up Capital 658.43 658.43 658.43 658.43 658.43
    Premium (Discount) on Share Capital 222.10 222.10 222.10 222.10 222.10
    Retained Earnings (Deficit) 2,601.09 2,275.42 2,465.87 2,148.73 1,968.66
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -88.59 -101.93 -93.54 -81.78 -41.66
     - Surplus (Deficits) 7.43 7.43 7.43 7.43 7.43
    Shareholders' Equity 3,393.04 3,054.02 3,252.88 2,947.49 2,807.53
    Minority Interest - - - - -
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    Statement of Comprehensive Income (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Revenue From Operations 752.09 600.55 2,664.83 2,736.69 2,555.48
    Other Income 1.84 3.85 9.55 12.25 15.43
    Total Revenues 753.93 604.40 2,674.38 2,748.94 2,571.04
    Costs 570.68 478.42 2,043.59 2,241.56 2,050.58
    Selling And Administrative Expenses 41.93 29.55 153.04 150.33 245.88
    Total Cost And Expenses 612.61 507.97 2,196.62 2,391.88 2,304.80
    EBITDA 184.30 175.89 593.39 438.83 362.26
    Depre. & Amor. 22.93 24.35 95.79 95.07 84.84
    EBIT 161.36 151.55 497.61 343.77 277.42
    Net Profit : Owners Of The Parent 135.21 126.69 412.62 278.84 223.71
    EPS (B.) 0.21 0.19 0.63 0.42 0.34
    more
    Statement of Cash Flow (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Operating Cash Flow 44.33 106.88 571.03 445.09 314.26
    Investing Cash Flow -26.35 71.35 -102.33 -91.39 -697.86
    Financing Cash Flow -5.84 -0.08 -236.76 -99.03 8.05
    Net Cash Flow 12.14 178.15 231.94 254.67 -375.55
    more
    Annualized: ROE, ROA
    Ratios 3M/2021  3M/2020  2020  2019 
    Current Ratio (X) 3.54 3.62 3.77 3.12
    ROE (%) 13.06 12.31 13.31 9.69
    ROA (%) 13.04 12.62 13.24 9.83
    D/E (X) 0.21 0.20 0.19 0.24
    Total Asset Turnover (X) 0.73 0.78 0.71 0.79
    Gross Profit Margin (%) 24.12 20.34 23.31 18.09
    EBIT Margin (%) 21.40 25.07 18.61 12.51
    Net Profit Margin (%) 17.93 20.96 15.43 10.14

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 3M/2021  3M/2020  2020  2019 
    Sales Growth 25.23 -3.98 -2.63 7.09
    COGs Growth 19.28 -11.33 -8.83 9.31
    Total Revenue Growth 24.74 -3.85 -2.71 6.92
    Total Expense Growth 20.60 -11.36 -8.16 3.78
    Net Profit Growth 6.73 192.69 47.98 24.64

    Annualized
    Cash Cycle 3M/2021  3M/2020  2020  2019 
    A/R Turnover (Times) 5.90 5.83 4.99 5.16
    Avg. Collection Period (Days) 61.85 62.63 73.14 70.69
    Inventory Turnover (Times) 3.12 4.05 3.71 4.16
    Avg. Inventory Period (Days) 116.85 90.12 98.47 87.69
    A/P Turnover (Times) 4.73 6.87 4.40 6.27
    Avg. Payment Period (Days) 77.16 53.12 82.98 58.26
    Cash Cycle (Days) 101.54 99.63 88.63 100.12


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

    Market Alert (Latest)
    No Information Found
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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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