Company Summary
TASCO TIPCO ASPHALT PUBLIC COMPANY LIMITED
Property & Construction/Construction Materials
SET100 / SETHD
CG Report:   
 
  Data as of 20 Jun 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
15.50 25.25 / 15.20 15.12 1.89 1,564.86 24,255.34 29,815.81 612.80 10.34
News
Date/Time Subject
14 May 2018 08:34   New shares of TASCO to be traded on May 15, 2018
11 May 2018 17:23   Resolutions of the Board of Directors Meeting No. 3/2018 relating to appointment of director
11 May 2018 17:23   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2018
11 May 2018 17:22   Financial Statement Quarter 1/2018 (Reviewed)
11 May 2018 17:22   Reviewed Quarter 1 and Consolidated F/S (F45-3)
more

Company Profile
Address 118/1 RAMA VI ROAD, PHAYA THAI SUB-DISTRICT, PHAYA THAI DISTRICT Bangkok 10400
Telephone 0-2273-6000
Fax 0-2273-6030
URL http://www.tipcoasphalt.com
  Annual Report 2017
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 02 Mar 2018 03 Mar 2017
    % /Shareholders
    39.25% 14,412 36.28% 13,917
    Foreign Shareholders 36.93% (As of 20/06/2018) Foreign Limit 39.00%
    NVDR Shareholders  2.65% (As of 20/06/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -9.88 -5.33 -6.96
    20 Days -12.92 -6.32 -8.22
    60 Days -17.11 -4.89 -10.36
    120 Days -27.23 -15.70 -24.00
    YTD -30.49 -20.30 -26.76
    P/E (X) 15.12 13.72 16.97
    P/BV (X) 1.89 1.96 1.90
    Turnover Ratio (%) 0.21 0.15 0.42

    Top 10 Major Shareholders(@02 Mar 2018) Share %
    1. BNP PARIBAS SECURITIES (ASIA) LTD-FOR COLAS 490,731,040 31.37
    2. บริษัท ทิปโก้ฟูดส์ จำกัด (มหาชน) 369,881,660 23.65
    3. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 64,850,177 4.15
    4. นาย สมจิตต์ เศรษฐิน 30,000,000 1.92
    5. น.ส. รวมสิน ทรัพย์สาคร 18,200,000 1.16
    6. นาย สิทธิลาภ ทรัพย์สาคร 16,100,000 1.03
    7. น.ส. ลักษณา ทรัพย์สาคร 13,860,000 0.89
    8. นาย ธวัชชัย เทียมทัน 11,830,000 0.76
    9. กองทุนสำรองเลี้ยงชีพ พนักงานการไฟฟ้าฝ่ายผลิตแห่งประเทศไทย ซึ่งจดทะเบียนแล้ว 11,794,600 0.75
    10. น.ส. ปิยะรัตน์ ทรัพย์สาคร 10,500,000 0.67

    Management Position
    1. Miss LAKSANA SUPSAKORN CHAIRMAN OF THE BOARD OF DIRECTORS
    2. Mr. CHAINOI PUANKOSOOM 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 MARCEL PASTOR DIRECTOR
    9. Mr. FREDERIC JEAN PIERRE GARDES DIRECTOR
    10. Mr. KOH BAN HENG INDEPENDENT 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
    20 Jun 2018
    2017
    29 Dec 2017
    2016
    30 Dec 2016
    Listed share (M.) 1,564.86  1,562.46  1,553.00 
    Market Cap (MB.) 24,255.34  34,842.96  29,506.96 
    Price (B./share) 15.50  22.30  19.00 
    BVPS (B./Share) 8.19  8.04  7.14 
    P/BV (X) 1.89  2.78  2.66 
    P/E (X) 15.12  12.12  8.68 
    Turnover Ratio (%) 52.27  260.63  285.29 
    Value Trade/Day (MB.) 146.71  395.17  449.90 
    Beta 1.11  1.16  1.08 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) -30.49  17.37  -53.09 
    Dividend Yield (%) 7.73  4.01  4.71 
    Payout Ratio 1.17  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
    01 Jan 2017 - 31 Dec 2017 0.90 Baht 25 Apr 2018 Cash
    - 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
     
    Auditor
    (Effective Until 31/12/2018)
    MISS SIRAPORN OUAANUNKUN/E Y OFFICE COMPANY LIMITED
    Mr. NATTHAWUT SANTIPET/E Y OFFICE COMPANY LIMITED
    MiSS KRONGKAEW LIMKITTIKUL/E Y OFFICE COMPANY LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2018 
    (01/01/18 
    -31/03/18) 
    3M/2017 
    (01/01/17 
    -31/03/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 1,571.67 852.20 1,025.41 1,333.23 1,353.52
    A/R Net 3,061.62 3,524.10 3,667.90 3,491.35 3,271.78
    Inventories 4,935.57 6,218.03 3,892.14 3,769.64 2,402.52
    Current Assets 10,017.27 11,235.63 9,253.97 9,360.93 8,807.23
    PP&E Net 8,212.65 8,441.27 8,558.66 8,690.38 7,075.69
    Total Assets 19,946.16 21,212.60 19,512.70 19,502.62 16,869.30
    OD 3,418.52 2,533.66 2,026.72 1,468.29 36.09
    A/P Net 2,672.99 3,724.22 2,982.45 4,053.19 2,253.62
    Current portion of LT 236.02 394.09 324.86 378.50 439.37
    Current Liabilities 6,655.45 7,342.60 6,225.12 6,311.66 4,118.89
    Non-Current Liabilities 331.22 575.57 358.34 925.89 2,185.93
    Total Liabilities 6,986.67 7,918.17 6,583.46 7,237.55 6,304.81
    Authorized Capital 1,579.34 1,579.34 1,579.34 1,579.34 1,578.74
    Paid-Up Capital 1,564.21 1,553.91 1,562.46 1,553.00 1,543.85
    Premium (Discount) on Share Capital 1,053.78 1,012.87 1,046.88 1,008.95 969.63
    Other Surplus (Deficit) - - - - -
    Retained Earnings (Deficit) 11,485.15 11,283.26 11,181.07 10,045.86 8,016.09
    Treasury Stock - - - - -
    Shareholders' Equity 12,814.01 13,183.32 12,800.99 12,154.44 10,328.87
    Minority Interest 145.48 111.11 128.25 110.63 235.62
    more
    Statement of Comprehensive Income (MB.) 3M/2018 
    (01/01/18 
    -31/03/18) 
    3M/2017 
    (01/01/17 
    -31/03/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 5,263.11 8,350.48 28,260.33 24,037.77 37,136.77
    Other Income 49.95 205.59 582.13 256.98 355.53
    Total Revenues 5,351.93 8,607.60 28,982.24 24,392.47 37,580.11
    COGs 4,655.90 6,779.63 24,781.82 19,348.22 29,632.81
    SG&A 322.34 320.61 1,336.42 1,304.85 1,145.08
    Total Expenses 4,979.04 7,082.40 25,948.68 20,500.05 31,044.03
    EBITDA 612.80 1,770.11 4,040.65 4,718.65 7,111.81
    Depre. & Amor. 239.92 244.91 1,007.09 826.22 575.73
    EBIT 372.89 1,525.20 3,033.55 3,892.43 6,536.08
    Net Profit 304.08 1,237.40 2,537.11 3,110.13 5,078.76
    EPS (B.) 0.19 0.80 1.63 2.01 3.30
    more
    Statement of Cash Flow (MB.) 3M/2018 
    (01/01/18 
    -31/03/18) 
    3M/2017 
    (01/01/17 
    -31/03/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow -628.51 -1,135.40 2,354.91 4,835.26 8,359.31
    Investing Cash Flow -111.79 -108.62 -1,166.49 -2,738.94 -1,602.34
    Financing Cash Flow 1,324.55 817.13 -1,368.16 -2,146.43 -5,623.15
    Net Cash Flow 584.25 -426.90 -179.75 -50.11 1,133.82
    more
    Annualized: ROE, ROA
    Ratios 3M/2018  3M/2017  2017  2016 
    Current Ratio (X) 1.51 1.53 1.49 1.48
    ROE (%) 12.34 25.88 20.33 27.67
    ROA (%) 9.14 20.03 15.55 21.40
    D/E (X) 0.55 0.60 0.51 0.60
    Total Asset Turnover (X) 1.25 1.33 1.49 1.34
    Gross Profit Margin (%) 11.54 18.81 12.31 19.51
    EBIT Margin (%) 6.97 17.72 10.47 15.96
    Net Profit Margin (%) 5.68 14.38 8.75 12.75

    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 (%) 3M/2018  3M/2017  2017  2016 
    Sales Growth -36.97 26.44 17.57 -35.27
    COGs Growth -31.33 37.05 28.08 -34.71
    Total Revenue Growth -37.82 28.83 18.82 -35.09
    Total Expense Growth -29.70 35.67 26.58 -33.96
    Net Profit Growth -75.43 4.35 -18.42 -38.76

    Annualized
    Cash Cycle 3M/2018  3M/2017  2017  2016 
    A/R Turnover (Times) 7.64 7.06 7.89 7.11
    Avg. Collection Period (Days) 47.75 51.68 46.23 51.35
    Inventory Turnover (Times) 4.06 4.91 6.47 6.27
    Avg. Inventory Period (Days) 89.84 74.34 56.42 58.22
    A/P Turnover (Times) 7.08 8.21 7.04 6.14
    Avg. Payment Period (Days) 51.53 44.45 51.81 59.49
    Cash Cycle (Days) 86.06 81.57 50.84 50.08


    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)
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