Company Summary
IVL INDORAMA VENTURES PUBLIC COMPANY LIMITED
Industrials/Petrochemicals & Chemicals
SET50 / SETTHSI
CG Report:   
 
  Data as of 17 Sep 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
34.50 63.00 / 30.50 10.54 1.40 5,614.55 193,702.04 442,462.74 17,357.17 10.58
News
Date/Time Subject
12 Sep 2019 18:02   The Issuance and Offering of USD 300 Million Bonds by a Subsidiary
09 Sep 2019 17:47   Rights of shareholders to propose AGM agenda items and to nominate director in advance for AGM No.1/2020
09 Aug 2019 18:39   Resolutions of the Board of Directors' Meeting No. 7/2019 for Interim Dividend Payment and re-appointment of Audit Committee members.
08 Aug 2019 13:24   Financial Statement Quarter 2/2019 (Reviewed)
08 Aug 2019 13:24   Reviewed Quarter 2 and Consolidated F/S (F45-3)
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Company Profile
Address 75/102 Ocean Tower 2, 37th Floor, Soi Sukhumvit 19, Asoke road, Kwaeng Klongtoey Nuer, Khet Wattana Bangkok 10110
Telephone 0-2661-6661
Fax 0-2661-6664-5
URL www.indoramaventures.com
  Annual Report 2018
Establish Date 21/02/2003 Listed Date 05/02/2010
IPO Price (Baht) 10.20 @Par1.00 Baht
IPO Financial Advisory
  • BUALUANG SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change N/A

    Business
    Indorama Ventures Public Company Limited, a holding company conducting its business through investment in subsidiaries and affiliates engaged in the manufacture of integrated petrochemical products both domestic and overseas. These companies manufacture and distribute Ethylene Oxide and Ethylene Glycol (?EO&EG?), Purified Terephthalic Acid (?PTA?), Polyethylene Terephthalate (?PET?), Polyester Fiber and Yarn and Wool products.

    Free Float 12 Mar 2019 07 Mar 2018
    % /Shareholders
    35.15% 23,681 33.45% 21,063
    Foreign Shareholders 73.60% (As of 17/09/2019) Foreign Limit 100.00%
    NVDR Shareholders  4.50% (As of 17/09/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -2.13 -5.55 -2.01
    20 Days -13.21 -13.13 -14.90
    60 Days -26.60 -14.64 -26.45
    120 Days -28.50 -12.26 -30.15
    YTD -36.41 -16.53 -40.23
    P/E (X) 10.54 10.72 18.99
    P/BV (X) 1.40 1.09 1.86
    Turnover Ratio (%) 0.35 0.41 1.04

    Top 10 Major Shareholders(@23 Aug 2019) Share %
    1. บริษัท อินโดรามา รีซอสเซส จำกัด 3,504,991,318 62.43
    2. ธนาคาร กรุงเทพ จำกัด (มหาชน) 270,905,264 4.83
    3. บริษัท Thai NVDR Company Limited 268,214,266 4.78
    4. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 194,321,369 3.46
    5. CANOPUS INTERNATIONAL LIMITED 130,000,000 2.32
    6. STATE STREET EUROPE LIMITED 72,493,422 1.29
    7. GIC PRIVATE LIMITED 48,233,390 0.86
    8. สำนักงานประกันสังคม 47,268,400 0.84
    9. กองทุนรวม วายุภักษ์หนึ่ง โดย บลจ.เอ็มเอฟซี จำกัด (มหาชน) 28,633,800 0.51
    10. กองทุนรวม วายุภักษ์หนึ่ง โดย บลจ.กรุงไทย จำกัด (มหาชน) 28,633,800 0.51

    Management Position
    1. Mr. SRI PRAKASH LOHIA CHAIRMAN OF THE BOARD
    2. Mr. ANILPRAKASH OR ALOKE LOHIA GROUP CHIEF EXECUTIVE OFFICER / VICE CHAIRMAN OF THE BOARD
    3. Mr. RATHIAN SRIMONGKOL VICE CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    4. Mrs. SUCHITRA LOHIA DIRECTOR
    5. Mr. AMIT LOHIA DIRECTOR
    6. Mr. DILIP KUMAR AGARWAL DIRECTOR
    7. Mr. UDEY PAUL SINGH GILL DIRECTOR
    8. Mr. SANJAY AHUJA DIRECTOR
    9. Mr. YASHOVARDHAN LOHIA DIRECTOR
    10. Mr. SIRI GANJARERNDEE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. Mr. KANIT SI INDEPENDENT DIRECTOR
    12. Mr. MARIS SAMARAM INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    13. Mr. WILLIAM ELLWOOD HEINECKE INDEPENDENT DIRECTOR
    14. Mr. RUSSELL LEIGHTON KEKUEWA INDEPENDENT DIRECTOR
    15. Mr. CHAKRAMON PHASUKAVANICH INDEPENDENT DIRECTOR
    16. Mr. TEVIN VONGVANICH INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    17 Sep 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 5,614.55  5,614.55  5,245.41 
    Market Cap (MB.) 193,702.04  304,589.44  279,318.16 
    Price (B./share) 34.50  54.25  53.25 
    BVPS (B./Share) 24.59  25.68  20.71 
    P/BV (X) 1.40  2.11  2.57 
    P/E (X) 10.54  8.93  20.18 
    Turnover Ratio (%) 69.26  111.40  115.25 
    Value Trade/Day (MB.) 991.16  1,418.13  954.96 
    Beta 1.86  1.74  2.09 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) -36.41  1.88  58.96 
    Dividend Yield (%) 4.05  1.74  1.14 
    Payout Ratio 0.43  0.26  0.23 
    Dividend Policy Not less than 30% of the net profit after tax and appropriation to legal reserve. However, the Board of Directors shall have the authority to consider waiving or amending such dividend policy subject to the condition (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Apr 2019 - 30 Jun 2019 0.35 Baht 05 Sep 2019 Cash
    01 Jan 2019 - 31 Mar 2019 0.35 Baht 04 Jun 2019 Cash
    01 Jan 2018 - 31 Dec 2018 0.35 Baht 23 May 2019 Cash
    01 Jul 2018 - 30 Sep 2018 0.35 Baht 18 Dec 2018 Cash
    01 Jan 2018 - 30 Jun 2018 0.70 Baht 04 Sep 2018 Cash
    01 Jan 2017 - 31 Dec 2017 0.55 Baht 25 May 2018 Cash
    01 Jan 2017 - 30 Jun 2017 0.45 Baht 06 Sep 2017 Cash
    01 Jul 2016 - 31 Dec 2016 0.36 Baht 23 May 2017 Cash
     
    Auditor
    (Effective Until 31/12/2019)
    MR. CHAROEN PHOSAMRITLERT/KPMG PHOOMCHAI AUDIT LIMITED
    MR. SAKDA KAOTHANTHONG/KPMG PHOOMCHAI AUDIT LIMITED
    MR. SUMATE JANGSAMSEE/KPMG PHOOMCHAI AUDIT LIMITED
    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/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 8,496.32 22,774.38 5,578.44 6,877.05 4,025.65
    A/R Net 41,098.45 41,105.25 37,636.56 32,098.17 31,085.50
    Inventories 67,603.99 50,538.58 70,085.33 46,036.48 40,458.85
    Current Assets 130,835.86 123,980.88 124,284.23 92,953.01 84,495.25
    PP&E Net 214,738.89 165,439.07 205,182.42 151,201.96 136,860.35
    Total Assets 395,302.27 333,801.37 379,194.83 282,358.37 258,380.48
    OD 28,305.25 15,670.30 31,271.96 6,115.13 9,205.55
    A/P Net 62,532.14 45,388.04 54,564.81 - 37,316.10
    Current portion of LT 15,992.69 11,063.86 11,750.07 8,945.18 9,910.58
    Current Liabilities 121,592.82 86,330.87 113,700.08 65,621.55 65,861.51
    Non-Current Liabilities 125,703.07 104,689.07 113,639.40 97,750.12 100,704.04
    Total Liabilities 247,295.89 191,019.94 227,339.48 163,371.68 166,565.55
    Authorized Capital 5,666.01 5,666.01 5,666.01 5,666.01 5,666.01
    Paid-Up Capital 5,614.55 5,548.10 5,614.55 5,245.41 4,814.27
    Premium (Discount) on Share Capital 60,331.43 57,544.23 60,331.43 44,848.15 29,775.15
    Other Surplus (Deficit) -5,640.56 -4,345.96 -4,366.48 -3,792.68 -4,578.76
    Retained Earnings (Deficit) 76,546.38 69,011.16 75,022.42 58,526.33 42,679.48
    Treasury Stock - - - - -
    Shareholders' Equity 138,045.25 139,640.23 144,837.79 117,061.65 89,055.38
    Minority Interest 9,961.13 3,141.21 7,017.57 1,925.04 2,759.56
    more
    Statement of Comprehensive Income (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 190,705.44 159,734.29 347,170.90 286,332.27 254,619.54
    Other Income 1,884.74 2,835.10 4,714.47 4,935.39 8,825.55
    Total Revenues 192,590.18 162,733.55 352,471.25 291,267.66 263,445.09
    COGs 165,832.04 139,962.70 289,231.99 240,888.59 218,197.75
    SG&A 17,533.00 4,783.31 28,569.13 23,788.10 21,679.04
    Total Expenses 183,581.07 144,820.04 318,093.84 267,725.06 240,801.43
    EBITDA 17,357.17 24,184.71 48,650.69 35,781.42 33,709.08
    Depre. & Amor. 8,348.06 6,271.19 14,273.28 12,238.83 11,065.43
    EBIT 9,009.11 17,913.52 34,377.41 23,542.60 22,643.65
    Net Profit 5,974.83 14,056.71 26,465.40 20,882.86 16,197.10
    EPS (B.) 0.97 2.50 4.61 3.98 3.15
    more
    Statement of Cash Flow (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 20,018.83 14,698.02 31,980.56 28,906.81 24,946.17
    Investing Cash Flow -14,704.84 -20,768.00 -56,227.32 -28,785.72 -36,382.19
    Financing Cash Flow -2,581.70 21,824.53 22,566.73 2,729.94 12,222.68
    Net Cash Flow 2,732.28 15,754.55 -1,680.02 2,851.03 786.67
    more
    Annualized: ROE, ROA
    Ratios 6M/2019  6M/2018  2018  2017 
    Current Ratio (X) 1.08 1.44 1.09 1.42
    ROE (%) 13.24 23.73 20.21 20.26
    ROA (%) 6.99 10.18 10.39 8.71
    D/E (X) 1.79 1.37 1.57 1.40
    Total Asset Turnover (X) 1.05 1.03 1.07 1.08
    Gross Profit Margin (%) 13.04 12.38 16.69 15.87
    EBIT Margin (%) 4.68 11.01 9.75 8.08
    Net Profit Margin (%) 3.10 8.64 7.51 7.17

    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 (%) 6M/2019  6M/2018  2018  2017 
    Sales Growth 19.39 11.46 21.25 12.45
    COGs Growth 18.48 15.25 20.07 10.40
    Total Revenue Growth 18.35 13.19 21.01 10.56
    Total Expense Growth 26.76 8.81 18.81 11.18
    Net Profit Growth -57.49 90.90 26.73 28.93

    Annualized
    Cash Cycle 6M/2019  6M/2018  2018  2017 
    A/R Turnover (Times) 9.20 8.13 9.96 9.06
    Avg. Collection Period (Days) 39.67 44.88 36.66 40.27
    Inventory Turnover (Times) 5.33 5.66 4.98 5.57
    Avg. Inventory Period (Days) 68.43 64.46 73.27 65.53
    A/P Turnover (Times) 5.84 6.11 10.60 12.91
    Avg. Payment Period (Days) 62.51 59.76 34.43 28.27
    Cash Cycle (Days) 45.59 49.58 75.50 77.53


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

    Market Alert (Latest)
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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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