Company Summary
MODERN MODERNFORM GROUP PUBLIC COMPANY LIMITED
Consumer Products/Home & Office Products
sSET
CG Report:   
 
  Data as of 15 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
4.12 6.20 / 4.00 16.01 1.30 750.00 3,090.00 4,246.66 236.51 11.35
News
Date/Time Subject
13 Nov 2018 17:59   Investment in Arkitektura Co.,Ltd. and Appoint Company Secretary
13 Nov 2018 17:47   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
13 Nov 2018 17:47   Financial Statement Quarter 3/2018 (Reviewed)
13 Nov 2018 17:46   Operating Result Quarter 3 Ending 30 Sep 2018
13 Nov 2018 17:46   Reviewed Quarter 3 and Consolidated F/S (F45-3)
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 2017
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 0.74% (As of 15/11/2018) Foreign Limit 42.00%
    NVDR Shareholders  1.20% (As of 15/11/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.90 1.37 0.66
    20 Days -5.07 -3.06 -1.75
    60 Days -8.04 -8.22 -5.93
    120 Days -14.88 -4.09 -8.23
    YTD -27.72 -8.44 -22.65
    P/E (X) 16.01 33.05 15.54
    P/BV (X) 1.30 0.99 1.86
    Turnover Ratio (%) 0.02 0.22 0.68

    Top 10 Major Shareholders(@08 Oct 2018) Share %
    1. นาง ชุลีวรรณ วิวัฒนาเกษม 34,101,840 4.55
    2. นาย กวีวุฒิ เนื่องจำนงค์ 27,504,000 3.67
    3. นาย ทวีฉัตร จุฬางกูร 26,530,400 3.54
    4. นาย โยธิน เนื่องจำนงค์ 25,746,420 3.43
    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 17,700,070 2.36
    9. กองทุนเปิด กรุงศรีหุ้นระยะยาวปันผล 16,795,300 2.24
    10. นาย องอาจ ดำรงสกุลวงษ์ 15,920,800 2.12

    Management Position
    1. Mr. CHAREON USANACHITT CHAIRMAN
    2. Mr. THAKSA BUSAYAPOKA CHIEF EXECUTIVE DIRECTOR / DIRECTOR
    3. Mr. KITIPAT NERNGCHAMNONG PRESIDENT
    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
    15 Nov 2018
    2017
    29 Dec 2017
    2016
    30 Dec 2016
    Listed share (M.) 750.00  750.00  750.00 
    Market Cap (MB.) 3,090.00  4,275.00  4,425.00 
    Price (B./share) 4.12  5.70  5.90 
    BVPS (B./Share) 3.17  3.29  3.12 
    P/BV (X) 1.30  1.73  1.89 
    P/E (X) 16.01  21.45  9.04 
    Turnover Ratio (%) 12.87  35.28  20.30 
    Value Trade/Day (MB.) 2.22  5.88  4.50 
    Beta 0.22  0.12  0.64 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) -27.72  -3.39  -25.79 
    Dividend Yield (%) 7.28  4.39  16.95 
    Payout Ratio 1.17  0.94  1.53 
    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
    - 0.50 Baht 08 Dec 2015 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MISS RUNGNAPA LERTSUWANKUL/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.) 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 365.10 419.73 449.33 398.45 685.34
    A/R Net 480.87 578.93 587.76 603.64 798.43
    Inventories 1,465.45 1,380.15 1,379.04 1,211.31 1,270.18
    Current Assets 2,621.99 2,523.24 2,539.56 2,353.50 2,853.50
    PP&E Net 741.25 749.63 743.20 786.80 650.81
    Total Assets 3,902.66 3,877.31 3,893.56 3,656.48 4,086.32
    OD 247.92 106.09 167.40 152.55 116.25
    A/P Net 319.50 410.65 426.25 415.11 400.41
    Current portion of LT - - - - -
    Current Liabilities 1,327.92 1,224.71 1,165.89 1,050.05 1,359.87
    Non-Current Liabilities 174.82 166.87 169.06 160.96 139.26
    Total Liabilities 1,502.73 1,391.58 1,334.95 1,211.01 1,499.13
    Authorized Capital 809.65 809.65 809.65 809.65 809.65
    Paid-Up Capital 750.00 750.00 750.00 750.00 750.00
    Premium (Discount) on Share Capital 879.52 879.52 879.52 879.52 879.52
    Other Surplus (Deficit) 45.69 100.02 85.90 9.63 -3.52
    Retained Earnings (Deficit) 705.68 737.36 820.53 792.13 915.43
    Treasury Stock - - - - -
    Shareholders' Equity 2,380.89 2,466.91 2,535.95 2,431.28 2,541.43
    Minority Interest 19.03 18.82 22.66 14.20 45.77
    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 2,067.23 2,071.95 2,915.86 2,975.57 3,653.68
    Other Income 282.76 230.79 294.74 334.07 683.73
    Total Revenues 2,349.99 2,302.74 3,210.60 3,310.99 4,337.41
    COGs 1,561.65 1,464.10 2,053.20 2,192.19 2,499.88
    SG&A 602.98 639.07 846.59 852.10 944.92
    Total Expenses 2,198.03 2,128.48 2,926.91 3,085.69 3,483.26
    EBITDA 236.51 258.47 396.15 335.23 1,059.21
    Depre. & Amor. 84.55 84.21 112.46 109.93 205.06
    EBIT 151.96 174.26 283.69 225.30 854.16
    Net Profit 110.15 132.73 215.62 172.93 662.46
    EPS (B.) 0.15 0.18 0.29 0.23 0.88
    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 49.28 197.02 261.28 158.72 467.36
    Investing Cash Flow -61.94 -19.98 -40.95 -215.66 532.60
    Financing Cash Flow -71.58 -155.76 -169.46 -229.96 -843.03
    Net Cash Flow -84.22 21.28 50.88 -286.89 156.93
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 1.97 2.06 2.18 2.24
    ROE (%) 7.96 8.29 8.68 6.96
    ROA (%) 6.72 7.03 7.51 5.82
    D/E (X) 0.63 0.56 0.53 0.50
    Total Asset Turnover (X) 0.84 0.86 0.85 0.86
    Gross Profit Margin (%) 24.46 29.34 29.58 26.33
    EBIT Margin (%) 6.47 7.57 8.84 6.80
    Net Profit Margin (%) 4.69 5.76 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 (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth -0.23 -6.28 -2.01 -18.56
    COGs Growth 6.66 -8.28 -6.34 -12.31
    Total Revenue Growth 2.05 -4.15 -3.03 -23.66
    Total Expense Growth 3.27 -6.02 -5.15 -11.41
    Net Profit Growth -17.01 24.82 24.69 -73.90

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 5.49 4.62 4.89 4.24
    Avg. Collection Period (Days) 66.44 78.92 74.57 85.99
    Inventory Turnover (Times) 1.51 1.57 1.59 1.77
    Avg. Inventory Period (Days) 241.46 232.66 230.24 206.58
    A/P Turnover (Times) 5.89 5.37 4.88 5.38
    Avg. Payment Period (Days) 61.96 67.96 74.79 67.89
    Cash Cycle (Days) 245.94 243.62 230.03 224.68


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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.
      -
     
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