Company Summary
SSP SERMSANG POWER CORPORATION PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
sSET / SETCLMV
CG Report:   
 
  Data as of 07 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
14.70 18.40 / 6.15 18.41 3.22 922.00 13,553.40 24,088.00 1,572.37 15.32
News
Date/Time Subject
06 May 2021 18:02   Shareholders meeting's resolution
26 Apr 2021 17:39   Postponement of AGM 2021 and Notification on a change of method of convening AGM 2021
20 Apr 2021 17:08   Notification of the Additional Precautionary Measures to prevent the spread of COVID-19 in the Annual General Meeting of Shareholders 2021
31 Mar 2021 18:08   Invitation to the 2021 Annual General Meeting of Shareholders (AGM of 2020) posted on the Company's website
31 Mar 2021 18:07   Determination of the exercise price to purchase the ordinary shares of the Company under the warrants to purchases the Company's ordinary shares of Sermsang Power Corporation Public Company Limited No. 2
more

Company Profile
Address 325/14 Lanluang Rd., Mahanak Square, Dusit Bangkok 10300
Telephone 0-2628-0991-2
Fax 0-2628-0993
URL www.sermsang.com
  Annual Report 2020
Establish Date 16/06/2015 Listed Date 27/09/2017
IPO Price (Baht) 7.70 @Par1.00 Baht
IPO Financial Advisory
  • KASIKORN SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change N/A

    Market/Industry/Sector Change
    Effective Date 27/03/2019
    Previous Market/Industry/Sector mai  / Resources / Resources
    Current Market/Industry/Sector SET  / Resources / Energy & Utilities

    Business
    SSP is a holding company which invests in companies that generate and sell electricity from renewable energy and other related business, domestically and internationally. Serm Sang Palang Ngan Company Limited is a core company of SSP which is operating solar power plant with contracted capacity of 40 MW located at Lopburi Province.

    Free Float 10 Sep 2020 29 Mar 2019
    % /Shareholders
    32.55% 3,197 34.24% 3,077
    Foreign Shareholders 14.25% (As of 07/05/2021) Foreign Limit 49.00%
    NVDR Shareholders  2.12% (As of 07/05/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.34 -3.03 -1.86
    20 Days 3.52 1.58 1.66
    60 Days -1.34 -4.64 -6.85
    120 Days 105.59 67.32 63.45
    YTD 26.72 21.10 15.88
    P/E (X) 18.41 37.81 40.52
    P/BV (X) 3.22 1.75 1.79
    Turnover Ratio (%) 0.35 0.69 1.64

    Top 10 Major Shareholders(@18 Mar 2021) Share %
    1. บริษัท ไพรมารี่ เอนเนอจี้ จำกัด 151,884,000 16.47
    2. นาย วิวรรธน์ ไกรพิสิทธิ์กุล 70,991,300 7.70
    3. บริษัท ไพรมารี่ เอนเนอร์จี้ จำกัด 64,766,000 7.02
    4. บริษัท ไพรมารี่ เอนเนอจี้ จำกัด (สำนักงานใหญ่) 60,000,000 6.51
    5. CGS-CIMB Securities (Singapore) Pte., Ltd. 60,000,000 6.51
    6. Unity I. Capital Limited 47,886,642 5.19
    7. MR. PIYAWAT KRAIPISITKUL 43,502,500 4.72
    8. MISS THANTAPORN KRAIPISITKUL 41,131,500 4.46
    9. MR. TANAWAT KRAIPISITKUL 38,471,700 4.17
    10. บริษัทหลักทรัพย์ SCB SECURITIES CO.,LTD. SPECIAL S_INVEST SET01 35,754,958 3.88

    Management Position
    1. Mr. KAMTHON WANGUDOM CHAIRMAN / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    2. Mr. VIWAT KRAIPISITKUL CHIEF OF EXECUTIVE COMMITTEE / DIRECTOR
    3. Mr. VARUT TUMMAVARANUKUB CHIEF EXECUTIVE OFFICER / DIRECTOR
    4. Miss THANTAPORN KRAIPISITKUL DIRECTOR
    5. Mr. TANAWAT KRAIPISITKUL DIRECTOR
    6. Mrs. THANYANEE KRAIPISITKUL DIRECTOR
    7. Mr. SAMRIENG MEKKRIENGKRAI INDEPENDENT DIRECTOR / CHIEF OF AUDIT COMMITTEE
    8. Mr. DHANA BUBPHAVANICH INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    9. GEN. PHAIRAT PHOUBON INDEPENDENT DIRECTOR
    10. Mr. MONCHAI PONGSTABADEE INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    07 May 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 922.00  922.00  922.00 
    Market Cap (MB.) 13,553.40  10,695.20  6,776.70 
    Price (B./share) 14.70  11.60  7.35 
    BVPS (B./Share) 4.56  4.74  3.99 
    P/BV (X) 3.22  2.44  1.84 
    P/E (X) 18.41  15.03  12.72 
    Turnover Ratio (%) 85.17  51.13  34.87 
    Value Trade/Day (MB.) 139.24  17.87  10.67 
    Beta 0.66  0.49  0.73 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 26.72  57.82  -1.34 
    Dividend Yield (%) 0.08  0.95  2.95 
    Payout Ratio 0.14  0.14  0.38 
    Dividend Policy Not less than 40 percent of net profits per its separate financial statements, after corporate income tax and legal reserve as required by laws (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2019 - 31 Dec 2019 0.11 Baht 04 Nov 2020 Cash
    01 Jan 2018 - 31 Dec 2018 0.217 Baht 27 May 2019 Cash
    01 Jan 2017 - 31 Dec 2017 0.205 Baht 23 May 2018 Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MISS RATANA JALA/EY OFFICE LIMITED
    Miss Somjai Khunapasut/EY OFFICE LIMITED
    Miss SIRIKORN PLERNPISSIRI/EY OFFICE LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash And Cash Equivalents 1,364.33 915.46 1,125.13 1,603.39
    A/R Net 637.68 361.39 - -
    Inventories 0.35 - - -
    Current Assets 2,180.47 1,589.81 2,014.95 1,800.49
    PP&E Net 10,593.94 9,722.10 8,352.08 5,427.21
    Non-Current Assets 13,923.56 11,455.32 9,877.78 6,469.36
    Total Assets 16,104.03 13,045.13 11,892.73 8,269.84
    OD 251.03 361.77 - -
    A/P Net 117.14 208.66 - -
    Current portion of LT 1,138.82 686.09 508.59 510.31
    Current Liabilities 1,563.15 1,367.87 1,146.90 782.53
    Non-Current Liabilities 9,998.89 7,680.27 6,887.68 4,065.65
    Total Liabilities 11,562.04 9,048.14 8,034.58 4,848.17
    Authorized Capital 922.00 922.00 922.00 922.00
    Paid-Up Capital 922.00 922.00 922.00 922.00
    Premium (Discount) on Share Capital 1,511.21 1,511.21 1,511.21 1,511.21
    Retained Earnings (Deficit) 2,128.45 1,494.47 1,148.87 855.70
    Treasury Stock - - - -
    Shares Of The Company Held By Subsidiaries - - - -
    Other Components Of Equity -356.55 -150.66 -48.54 18.92
     - Surplus (Deficits) 33.10 33.10 33.10 33.10
    Shareholders' Equity 4,205.10 3,777.02 3,533.54 3,307.83
    Minority Interest 336.89 219.96 324.60 113.84
    more
    Statement of Comprehensive Income (MB.) 2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Revenue From Operations 1,300.03 882.45 560.36 283.79
    Other Income 585.89 603.11 577.02 593.32
    Total Revenues 1,888.27 1,485.56 1,137.38 877.11
    Costs 666.74 475.79 341.87 167.61
    Selling And Administrative Expenses 193.47 239.17 166.83 219.90
    Total Cost And Expenses 860.21 714.96 508.70 387.51
    EBITDA 1,572.37 1,088.05 842.19 609.15
    Depre. & Amor. 497.13 317.46 213.51 119.55
    EBIT 1,075.24 770.59 628.68 489.60
    Net Profit : Owners Of The Parent 736.29 545.68 482.03 339.83
    EPS (B.) 0.80 0.59 0.52 0.45
    more
    Statement of Cash Flow (MB.) 2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 1,427.09 713.12 889.31 568.37
    Investing Cash Flow -2,169.71 -2,051.18 -3,518.20 -1,889.55
    Financing Cash Flow 1,184.44 1,190.88 2,381.59 2,559.50
    Net Cash Flow 441.82 -147.18 -247.30 1,238.32
    more
    Annualized: ROE, ROA
    Ratios 2020  2019  2018 
    Current Ratio (X) 1.39 1.16 1.76
    ROE (%) 18.45 14.93 14.09
    ROA (%) 7.38 6.18 6.24
    D/E (X) 2.55 2.26 2.08
    Total Asset Turnover (X) 0.13 0.12 0.11
    Gross Profit Margin (%) 48.71 46.08 38.99
    EBIT Margin (%) 56.94 51.87 55.27
    Net Profit Margin (%) 40.53 37.47 42.10

    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 (%) 2020  2019  2018 
    Sales Growth 47.32 57.48 97.46
    COGs Growth 40.13 39.17 103.97
    Total Revenue Growth 27.11 30.61 29.67
    Total Expense Growth 20.32 40.55 31.27
    Net Profit Growth 34.93 13.20 41.84

    Annualized
    Cash Cycle 2020  2019  2018 
    A/R Turnover (Times) 2.60 2.29 2.00
    Avg. Collection Period (Days) 140.25 159.29 182.44
    Inventory Turnover (Times) 3,863.60 N/A N/A
    Avg. Inventory Period (Days) 0.09 - -
    A/P Turnover (Times) 4.09 1.34 0.90
    Avg. Payment Period (Days) 89.18 273.29 405.99
    Cash Cycle (Days) 51.17 -114.00 -223.55


    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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