Company Summary
MODERN MODERNFORM GROUP PUBLIC COMPANY LIMITED
Consumer Products/Home & Office Products
sSET
CG Report:   
 
  Data as of 25 Apr 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
3.68 5.30 / 3.60 20.12 1.16 750.00 2,760.00 3,874.91 329.98 11.74
News
Date/Time Subject
23 Apr 2019 18:23   Shareholders meeting's resolution
20 Mar 2019 13:14   Publicizing the Notice of AGM 1/2019 and Annual Report 2018 on Company's website
28 Feb 2019 17:59   AGM Meeting, devidend payment and resignation of Chairman
28 Feb 2019 17:11   Management Discussion and Analysis Yearly Ending 31 Dec 2018
28 Feb 2019 17:11   Financial Statement Yearly 2018 (Audited)
more

Company Profile
Address 699 SINAKHARIN ROAD, SUAN LUANG Bangkok 10250
Telephone 0-2094-9600
Fax 0-2094-9950
URL www.modernform.com
  Annual Report 2018
Establish Date 1930 Listed Date 11/03/1992
IPO Price (Baht) 140.00 @Par10.00 Baht
IPO Financial Advisory
  • KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change Old 10.00 : New 1.00 @ 13/05/2011

    Business
    The Company operates a comprehensive furniture business which produces Office Furniture, Residential Furniture, Modernform kitchen and outdoor furniture . The products are distributed domestically and internationally including import furniture setting and interior decorative products with before and after sale services.

    Free Float 20 Mar 2018 22 Mar 2017
    % /Shareholders
    71.67% 6,126 72.40% 7,316
    Foreign Shareholders 0.72% (As of 25/04/2019) Foreign Limit 42.00%
    NVDR Shareholders  1.23% (As of 25/04/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.08 -2.45 -0.98
    20 Days - -1.66 -2.83
    60 Days - -3.66 -2.97
    120 Days -11.54 -8.42 -13.07
    YTD -1.60 -6.14 -8.04
    P/E (X) 20.12 59.86 17.50
    P/BV (X) 1.16 1.03 1.86
    Turnover Ratio (%) 0.04 0.21 0.48

    Top 10 Major Shareholders(@18 Mar 2019) Share %
    1. นาง ชุลีวรรณ วิวัฒนาเกษม 34,101,840 4.55
    2. นาย ทวีฉัตร จุฬางกูร 28,176,200 3.76
    3. นาย กวีวุฒิ เนื่องจำนงค์ 27,504,000 3.67
    4. นาย โยธิน เนื่องจำนงค์ 25,962,820 3.46
    5. นาย ชัยยศ พาพร 21,219,063 2.83
    6. นาย ทักษะ บุษยโภคะ 19,846,000 2.65
    7. บริษัท ทิพยประกันภัย จำกัด (มหาชน) 19,511,600 2.60
    8. นาย ชัชชัย ธรรมารุ่งเรือง 18,600,070 2.48
    9. นาย องอาจ ดำรงสกุลวงษ์ 16,568,700 2.21
    10. นาง พรพรรณ พาพร 15,698,029 2.09

    Management Position
    1. Mr. THAKSA BUSAYAPOKA CHAIRMAN / CHIEF EXECUTIVE DIRECTOR
    2. Mr. KITIPAT NERNGCHAMNONG PRESIDENT
    3. Mr. CHAREON USANACHITT DIRECTOR
    4. MR. YOTHIN NERNGCHAMNONG DIRECTOR
    5. Mr. SOMSAK VARIKARN DIRECTOR
    6. Mr. KAVIVUD NERNGCHAMNONG DIRECTOR
    7. Mr. PATANA USANACHITT DIRECTOR
    8. MR. KITTI BUSAYAPOKA DIRECTOR
    9. Mr. KOOKIAT ORANKIT DIRECTOR
    10. Mr. SUPPARERK MALLIKAMARL INDEPENDENT DIRECTOR
    11. Mr. SUCHART THAMMAPITAGKUL INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    12. Mr. KITTICHAI LATTISOPHONKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    13. Mr. SURACHAI SONTHIRATHI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    25 Apr 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 750.00  750.00  750.00 
    Market Cap (MB.) 2,760.00  2,805.00  4,275.00 
    Price (B./share) 3.68  3.74  5.70 
    BVPS (B./Share) 3.16  3.17  3.29 
    P/BV (X) 1.16  1.18  1.73 
    P/E (X) 20.12  14.53  21.45 
    Turnover Ratio (%) 1.50  13.57  35.28 
    Value Trade/Day (MB.) 0.53  2.04  5.88 
    Beta 0.24  0.23  0.12 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) -1.60  -34.39  -3.39 
    Dividend Yield (%) 5.43  8.02  4.39 
    Payout Ratio 1.64  1.17  0.94 
    Dividend Policy Not less than 60% of consolidated net profit each year, however, it will be set on economic condition and the Company investment in future

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2018 - 30 Jun 2018 0.10 Baht 16 Oct 2018 Cash
    01 Jan 2017 - 31 Dec 2017 0.20 Baht 23 May 2018 Cash
    01 Jan 2017 - 30 Jun 2017 0.10 Baht 16 Oct 2017 Cash
    01 Jan 2016 - 31 Dec 2016 0.15 Baht 23 May 2017 Cash
    - 0.10 Baht 20 Oct 2016 Cash
    01 Jan 2015 - 31 Dec 2015 0.25 Baht 17 May 2016 Cash
     
    Auditor
    (Effective Until 31/12/2019)
    MISS RUNGNAPA LERTSUWANKUL/E Y OFFICE COMPANY LIMITED
    MISS PIMJAI MANITKAJOHNKIT/E Y OFFICE COMPANY LIMITED
    MISS ROSAPORN DECHARKOM/E Y OFFICE COMPANY LIMITED
    MISS SUMANA PUNPONGSANON/E Y OFFICE COMPANY LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 297.00 449.33 398.45 685.34
    A/R Net 788.92 587.76 603.64 798.43
    Inventories 1,247.75 1,379.04 1,211.31 1,270.18
    Current Assets 2,530.20 2,539.56 2,353.50 2,853.50
    PP&E Net 709.54 743.20 786.80 650.81
    Total Assets 3,784.12 3,893.56 3,656.48 4,086.32
    OD 346.70 167.40 152.55 116.25
    A/P Net 382.28 426.25 415.11 400.41
    Current portion of LT - - - -
    Current Liabilities 1,214.84 1,165.89 1,050.05 1,359.87
    Non-Current Liabilities 179.02 169.06 160.96 139.26
    Total Liabilities 1,393.86 1,334.95 1,211.01 1,499.13
    Authorized Capital 809.65 809.65 809.65 809.65
    Paid-Up Capital 750.00 750.00 750.00 750.00
    Premium (Discount) on Share Capital 887.55 879.52 879.52 879.52
    Other Surplus (Deficit) 1.98 85.90 9.63 -3.52
    Retained Earnings (Deficit) 732.68 820.53 792.13 915.43
    Treasury Stock - - - -
    Shareholders' Equity 2,372.21 2,535.95 2,431.28 2,541.43
    Minority Interest 18.05 22.66 14.20 45.77
    more
    Statement of Comprehensive Income (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 3,068.76 2,915.86 2,975.57 3,653.68
    Other Income 321.21 294.74 334.07 683.73
    Total Revenues 3,389.97 3,210.60 3,310.99 4,337.41
    COGs 2,305.77 2,053.20 2,192.19 2,499.88
    SG&A 823.34 846.59 852.10 944.92
    Total Expenses 3,172.70 2,926.91 3,085.69 3,483.26
    EBITDA 329.98 396.15 335.23 1,059.21
    Depre. & Amor. 112.71 112.46 109.93 205.06
    EBIT 217.28 283.69 225.30 854.16
    Net Profit 137.16 215.62 172.93 662.46
    EPS (B.) 0.18 0.29 0.23 0.88
    more
    Statement of Cash Flow (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 9.54 261.28 158.72 467.36
    Investing Cash Flow -114.08 -40.95 -215.66 532.60
    Financing Cash Flow -47.79 -169.46 -229.96 -843.03
    Net Cash Flow -152.33 50.88 -286.89 156.93
    more
    Annualized: ROE, ROA
    Ratios 2018  2017  2016 
    Current Ratio (X) 2.08 2.18 2.24
    ROE (%) 5.59 8.68 6.96
    ROA (%) 5.66 7.51 5.82
    D/E (X) 0.59 0.53 0.50
    Total Asset Turnover (X) 0.88 0.85 0.86
    Gross Profit Margin (%) 24.86 29.58 26.33
    EBIT Margin (%) 6.41 8.84 6.80
    Net Profit Margin (%) 4.05 6.72 5.22

    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 (%) 2018  2017  2016 
    Sales Growth 5.24 -2.01 -18.56
    COGs Growth 12.30 -6.34 -12.31
    Total Revenue Growth 5.59 -3.03 -23.66
    Total Expense Growth 8.40 -5.15 -11.41
    Net Profit Growth -36.39 24.69 -73.90

    Annualized
    Cash Cycle 2018  2017  2016 
    A/R Turnover (Times) 4.46 4.89 4.24
    Avg. Collection Period (Days) 81.87 74.57 85.99
    Inventory Turnover (Times) 1.76 1.59 1.77
    Avg. Inventory Period (Days) 207.91 230.24 206.58
    A/P Turnover (Times) 5.70 4.88 5.38
    Avg. Payment Period (Days) 64.00 74.79 67.89
    Cash Cycle (Days) 225.78 230.03 224.68


    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.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)
    The Information is provided for informative and educational purposes only.