Company Summary
TASCO TIPCO ASPHALT PUBLIC COMPANY LIMITED
Property & Construction/Construction Materials
SET100 / SETHD
CG Report:   
 
  Data as of 15 Jan 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
23.40 28.50 / 20.50 12.71 2.91 1,564.21 36,561.67 42,033.70 3,192.33 9.06
News
Date/Time Subject
15 Jan 2018 17:36   New shares of TASCO to be traded on January 16, 2018 (Revised Exercise Date)
15 Jan 2018 08:31   New shares of TASCO to be traded on January 16, 2018
12 Jan 2018 17:27   Notification for change in logo of Tipco Asphalt Public Company Limited and establishment of joint venture company in the Philippines (Additional in red)
11 Jan 2018 17:36   Notification for change in logo of Tipco Asphalt Public Company Limited and establishment of joint venture company in the Philippines
04 Jan 2018 17:22   Report on the results of the Exercise of ESOP-W3 and ESOP-W4 (F53-5)
more

Company Profile
Address 118/1 RAMA VI ROAD, SAMSENNAI, PHAYA THAI Bangkok 10400
Telephone 0-2273-6000
Fax 0-2273-6030
URL http://www.tipcoasphalt.com
  Annual Report 2016
Establish Date 15/6/1979 Listed Date 01/03/1991
IPO Price (Baht) 65.00 @Par10.00 Baht
IPO Financial Advisory
  • PRIME FINANCE & SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change Old 10.00 : New 1.00 @ 22/04/2015

    Business
    The Company, its subsidiaries, joint venture andassociated companies (?the Group?) are leadingmanufacturers and distributors of asphalt productsfor repairing, maintaining and constructing roadpavements, highways and airport runways inThailand and Asia-Pacific region. Its asphaltproducts are also sold to importers and roadcontractors in Africa, Australia and North America.

    Free Float 03 Mar 2017 04 Mar 2016
    % /Shareholders
    36.28% 13,917 36.10% 12,279
    Foreign Shareholders 35.87% (As of 15/01/2018) Foreign Limit 39.00%
    NVDR Shareholders  3.10% (As of 15/01/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 4.46 2.65 2.75
    20 Days 9.35 4.81 3.05
    60 Days 2.18 3.42 -3.99
    120 Days 6.36 10.09 -7.93
    YTD 4.93 1.85 0.96
    P/E (X) 12.71 14.29 19.78
    P/BV (X) 2.91 2.39 2.21
    Turnover Ratio (%) 0.72 0.18 0.64

    Top 10 Major Shareholders(@25 Aug 2017) Share %
    1. BNP PARIBAS SECURITIES (ASIA) LTD-FOR COLAS 490,731,040 31.44
    2. บริษัท ทิปโก้ฟูดส์ จำกัด (มหาชน) 369,881,660 23.70
    3. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 60,981,218 3.91
    4. นาย สมจิตต์ เศรษฐิน 29,100,000 1.86
    5. น.ส. รวมสิน ทรัพย์สาคร 17,400,000 1.11
    6. นาย สิทธิลาภ ทรัพย์สาคร 16,100,000 1.03
    7. CHASE NOMINEES LIMITED 13,506,724 0.87
    8. น.ส. ลักษณา ทรัพย์สาคร 13,000,000 0.83
    9. STATE STREET BANK AND TRUST COMPANY 12,283,700 0.79
    10. นาย ธวัชชัย เทียมทัน 11,460,000 0.73

    Management Position
    1. Mr. CHAINOI PUANKOSOOM CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. KOH BAN HENG VICE CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    3. Mr. SOMCHIT SERTTHIN CHIEF EXECUTIVE OFFICER / DIRECTOR
    4. Mr. CHAIWAT SRIVALWAT MANAGING DIRECTOR / DIRECTOR
    5. Mr. SITILARB SUPSAKORN DIRECTOR
    6. Mr. JACQUES MARECHAL DIRECTOR
    7. Mr. HERVE LE BOUC DIRECTOR
    8. Mr. JACQUES LEOST DIRECTOR
    9. Mr. JACQUES MARCEL PASTOR DIRECTOR
    10. Miss LAKSANA SUPSAKORN DIRECTOR
    11. Mr. NIPHON SUTHIMAI INDEPENDENT DIRECTOR
    12. Mr. NOPPORN THEPSITHAR INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    13. MR. PHIRASILP SUBHAPHOLSIRI INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    14. Mr. PARNCHALERM SUTATAM INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    15. Mrs. ANNE-MARIE MACHET INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    15 Jan 2018
    2017
    29 Dec 2017
    2016
    30 Dec 2016
    Listed share (M.) 1,562.46  1,562.46  1,553.00 
    Market Cap (MB.) 36,561.67  34,842.96  29,506.96 
    Price (B./share) 23.40  22.30  19.00 
    BVPS (B./Share) 8.04  8.04  7.14 
    P/BV (X) 2.91  2.78  2.66 
    P/E (X) 12.71  12.12  8.68 
    Turnover Ratio (%) 8.14  260.63  285.29 
    Value Trade/Day (MB.) 324.39  395.17  449.90 
    Beta 1.02  1.16  1.08 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) 4.93  17.37  -53.09 
    Dividend Yield (%) 3.82  4.01  4.71 
    Payout Ratio 0.49  0.49  0.41 
    Dividend Policy Not less than 60 per cent of consolidated financial statement's net profit of each fiscal year. However the actual dividend payment depends on cash flow, investment plan of the company (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    - 0.30 Baht 06 Sep 2017 Cash
    01 Jan 2016 - 31 Dec 2016 0.60 Baht 28 Apr 2017 Cash
    - 0.30 Baht 02 Sep 2016 Cash
    01 Jan 2015 - 31 Dec 2015 0.40 Baht 29 Apr 2016 Cash
    - 0.20 Baht 09 Dec 2015 Cash
    - 0.30 Baht 10 Sep 2015 Cash
    01 Jan 2014 - 31 Dec 2014 1.00 Baht 29 Apr 2015 Cash
     
    Auditor
    (Effective Until 31/12/2017)
    MISS SIRAPORN OUAANUNKUN/E Y OFFICE COMPANY LIMITED
    MR. SUPACHAI PHANYAWATTANO/E Y OFFICE COMPANY LIMITED
    MISS SUPANNEE TRIYANANTAKUL/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/2017 
    (01/01/17 
    -30/09/17) 
    9M/2016 
    (01/01/16 
    -30/09/16) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    2014 
    (01/01/14 
    -31/12/14) 
    Cash 1,087.34 1,296.86 1,333.23 1,353.52 276.99
    A/R Net 3,654.80 2,165.61 3,491.35 3,271.78 4,017.94
    Inventories 3,747.16 3,855.47 3,769.64 2,402.52 3,817.83
    Current Assets 9,083.03 7,858.92 9,360.93 8,807.23 8,409.47
    PP&E Net 8,432.32 8,173.29 8,690.38 7,075.69 5,652.54
    Total Assets 19,103.87 17,447.81 19,502.62 16,869.30 15,145.12
    OD 3,007.16 2,416.86 1,468.29 36.09 4,094.13
    A/P Net 2,181.04 1,950.58 4,053.19 2,253.62 1,314.38
    Current portion of LT 351.05 323.58 378.50 439.37 788.01
    Current Liabilities 6,045.28 4,912.07 6,311.66 4,118.89 6,683.43
    Non-Current Liabilities 393.22 1,344.21 925.89 2,185.93 2,336.67
    Total Liabilities 6,438.50 6,256.28 7,237.55 6,304.81 9,020.10
    Authorized Capital 1,579.34 1,579.34 1,579.34 1,578.74 1,721.23
    Paid-Up Capital 1,560.69 1,552.56 1,553.00 1,543.85 1,532.78
    Premium (Discount) on Share Capital 1,039.88 1,007.07 1,008.95 969.63 916.25
    Other Surplus (Deficit) - -167.81 - - -
    Retained Earnings (Deficit) 10,628.02 9,149.75 10,045.86 8,016.09 3,883.88
    Treasury Stock - - - - -
    Shareholders' Equity 12,544.50 11,089.00 12,154.44 10,328.87 5,955.32
    Minority Interest 120.86 102.53 110.63 235.62 169.69
    more
    Statement of Comprehensive Income (MB.) 9M/2017 
    (01/01/17 
    -30/09/17) 
    9M/2016 
    (01/01/16 
    -30/09/16) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    2014 
    (01/01/14 
    -31/12/14) 
    Sales 21,725.37 16,896.90 24,037.77 37,136.77 45,727.31
    Other Income 449.50 259.69 256.98 355.53 472.91
    Total Revenues 22,284.10 17,246.77 24,392.47 37,580.11 46,249.06
    COGs 18,994.08 13,801.76 19,348.22 29,632.81 43,722.79
    SG&A 937.82 880.73 1,304.85 1,145.08 797.29
    Total Expenses 19,823.85 14,539.55 20,500.05 31,044.03 44,693.76
    EBITDA 3,192.33 3,271.51 4,718.65 7,111.81 2,048.85
    Depre. & Amor. 732.08 564.28 826.22 575.73 493.56
    EBIT 2,460.25 2,707.22 3,892.43 6,536.08 1,555.30
    Net Profit 1,982.64 2,216.97 3,110.13 5,078.76 1,200.43
    EPS (B.) 1.27 1.43 2.01 3.30 7.85
    more
    Statement of Cash Flow (MB.) 9M/2017 
    (01/01/17 
    -30/09/17) 
    9M/2016 
    (01/01/16 
    -30/09/16) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    2014 
    (01/01/14 
    -31/12/14) 
    Operating Cash Flow 711.15 2,772.81 4,835.26 8,359.31 6,763.71
    Investing Cash Flow -546.88 -2,480.95 -2,738.94 -1,602.34 -814.08
    Financing Cash Flow -357.59 -316.97 -2,146.43 -5,623.15 -6,092.17
    Net Cash Flow -193.32 -25.10 -50.11 1,133.82 -142.54
    more
    Annualized: ROE, ROA
    Ratios 9M/2017  9M/2016  2016  2015 
    Current Ratio (X) 1.50 1.60 1.48 2.14
    ROE (%) 24.34 33.08 27.67 62.38
    ROA (%) 19.95 25.93 21.40 40.83
    D/E (X) 0.51 0.56 0.60 0.61
    Total Asset Turnover (X) 1.61 1.57 1.34 2.35
    Gross Profit Margin (%) 12.57 18.32 19.51 20.21
    EBIT Margin (%) 11.04 15.70 15.96 17.39
    Net Profit Margin (%) 8.90 12.85 12.75 13.51

    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/2017  9M/2016  2016  2015 
    Sales Growth 28.58 -39.74 -35.27 -18.79
    COGs Growth 37.62 -38.68 -34.71 -32.23
    Total Revenue Growth 29.21 -39.20 -35.09 -18.74
    Total Expense Growth 36.34 -38.11 -33.96 -30.54
    Net Profit Growth -10.57 -43.10 -38.76 323.08

    Annualized
    Cash Cycle 9M/2017  9M/2016  2016  2015 
    A/R Turnover (Times) 9.92 9.15 7.11 10.19
    Avg. Collection Period (Days) 36.80 39.88 51.35 35.82
    Inventory Turnover (Times) 6.46 5.33 6.27 9.53
    Avg. Inventory Period (Days) 56.54 68.50 58.22 38.31
    A/P Turnover (Times) 11.88 9.56 6.14 16.61
    Avg. Payment Period (Days) 30.73 38.18 59.49 21.97
    Cash Cycle (Days) 62.61 70.20 50.08 52.16


    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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