Company Summary
TASCO TIPCO ASPHALT PUBLIC COMPANY LIMITED
Property & Construction/Construction Materials
SET100 / SETCLMV / SETHD / SETTHSI
CG Report:   
 
  Data as of 02 Dec 2020  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
18.50 29.00 / 14.30 8.49 2.01 1,578.36 29,199.69 35,724.37 4,282.01 6.56
News
Date/Time Subject
23 Nov 2020 17:25   Completion of winding down of crude oil procurement from Venezuela
06 Nov 2020 17:11   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
06 Nov 2020 17:09   Financial Performance Quarter 3 (F45) (Reviewed)
06 Nov 2020 17:08   Financial Statement Quarter 3/2020 (Reviewed)
07 Oct 2020 17:26   Proposal of Director Nomination, Agenda, and Questions for the Annual General Shareholders' Meeting 2021
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 2019
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
    Tipco Asphalt Public Company Limited (?the Company?) was established in 1979. The Company,its subsidiaries, joint ventures and associated companies (?the Group?) are leading manufacturersand distributors of asphalt products for repairing, maintaining and constructing road pavements,highways and airport runways in Thailand and Asia-Pacific region. Its asphalt products are sold toimporters and road contractors in Africa, Australia and North America as well.

    Free Float 02 Mar 2020 04 Mar 2019
    % /Shareholders
    39.44% 12,498 39.56% 14,516
    Foreign Shareholders 37.36% (As of 02/12/2020) Foreign Limit 39.00%
    NVDR Shareholders  5.76% (As of 02/12/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 1.65 0.63 1.49
    20 Days 17.83 5.84 -0.10
    60 Days -26.73 -26.48 -32.01
    120 Days -22.59 -25.99 -24.98
    YTD -12.74 -7.38 -2.77
    P/E (X) 8.49 14.80 28.06
    P/BV (X) 2.01 1.51 1.59
    Turnover Ratio (%) 1.40 0.16 1.23

    Top 10 Major Shareholders(@01 Sep 2020) Share %
    1. BNP PARIBAS SECURITIES (ASIA) LTD-FOR COLAS 490,731,040 31.09
    2. TIPCO FOODS PUBLIC COMPANY LIMITED 369,881,660 23.43
    3. บริษัท Thai NVDR Company Limited 120,268,085 7.62
    4. นาย สมจิตต์ เศรษฐิน 31,400,000 1.99
    5. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 21,349,028 1.35
    6. MISS ROUMSIN SUPSAKORN 19,800,000 1.25
    7. นาย SITTILARP SUBSAKON 17,250,000 1.09
    8. น.ส. ลักษณา ทรัพย์สาคร 13,860,000 0.88
    9. กองทุนสำรองเลี้ยงชีพ พนักงานการไฟฟ้าฝ่ายผลิตแห่งประเทศไทย ซึ่งจดทะเบียนแล้ว 13,462,800 0.85
    10. กองทุนเปิด ไทยพาณิชย์หุ้นระยะยาวปันผล 70/30 11,764,800 0.75

    Management Position
    1. Mr. CHAINOI PUANKOSOOM CHAIRMAN OF BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. KOH BAN HENG VICE CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    3. Mr. CHAIWAT SRIVALWAT CHIEF EXECUTIVE OFFICER / DIRECTOR
    4. Mr. SOMCHIT SERTTHIN DIRECTOR
    5. Mr. SITILARB SUPSAKORN DIRECTOR
    6. Mr. JACQUES MARECHAL DIRECTOR
    7. Mr. JACQUES MARCEL PASTOR DIRECTOR
    8. Mr. FREDERIC JEAN PIERRE GARDES DIRECTOR
    9. Mr. HUGUES DE CHAMPS DIRECTOR
    10. Miss LAKSANA SUPSAKORN DIRECTOR
    11. Mr. JEAN MARIE VERBRUGGHE DIRECTOR
    12. Mr. NIPHON SUTHIMAI INDEPENDENT DIRECTOR
    13. Mr. NOPPORN THEPSITHAR INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    14. MR. PHIRASILP SUBHAPHOLSIRI INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    15. Mr. PARNCHALERM SUTATAM INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    02 Dec 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 1,578.36  1,576.76  1,573.82 
    Market Cap (MB.) 29,199.69  33,427.38  22,820.41 
    Price (B./share) 18.50  21.20  14.50 
    BVPS (B./Share) 9.21  8.24  7.41 
    P/BV (X) 2.01  2.57  1.96 
    P/E (X) 8.49  12.78  23.14 
    Turnover Ratio (%) 375.01  147.67  101.11 
    Value Trade/Day (MB.) 502.06  184.75  116.41 
    Beta 0.82  1.03  1.34 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) -12.74  46.21  -34.98 
    Dividend Yield (%) 8.10  1.41  8.22 
    Payout Ratio 0.64  0.42  1.43 
    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 2020 - 30 Jun 2020 0.30 Baht 11 Sep 2020 Cash
    01 Jan 2019 - 31 Dec 2019 1.10 Baht 24 Apr 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.40 Baht 06 Sep 2019 Cash
    01 Jan 2018 - 31 Dec 2018 0.30 Baht 26 Apr 2019 Cash
    01 Jan 2017 - 31 Dec 2017 0.90 Baht 25 Apr 2018 Cash
     
    Auditor
    (Effective Until 31/12/2020)
    MISS SIRAPORN OUAANUNKUN/EY OFFICE LIMITED
    Mr. NATTHAWUT SANTIPET/EY OFFICE LIMITED
    MiSS KRONGKAEW LIMKITTIKUL/EY OFFICE LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 9M/2020 
    (01/01/20 
    -30/09/20) 
    9M/2019 
    (01/01/19 
    -30/09/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash 2,537.03 1,627.21 1,999.42 1,103.71 1,025.41
    A/R Net 5,117.78 5,762.46 5,234.00 5,041.90 3,667.90
    Inventories 4,916.99 8,133.90 7,466.94 7,321.72 3,892.14
    Current Assets 13,069.80 16,029.96 15,162.31 14,390.49 9,253.97
    PP&E Net 8,480.95 7,845.40 8,285.71 8,127.64 8,558.66
    Total Assets 23,606.24 25,571.33 25,261.90 24,253.47 19,512.70
    OD 4,969.18 4,676.78 4,013.13 6,936.13 2,026.72
    A/P Net 2,731.06 7,037.14 6,316.11 4,015.40 2,982.46
    Current portion of LT 97.17 35.69 37.61 131.62 324.86
    Current Liabilities 8,448.79 12,185.24 11,472.51 11,480.02 6,225.12
    Non-Current Liabilities 438.62 239.03 210.74 236.35 358.34
    Total Liabilities 8,887.42 12,424.27 11,683.24 11,716.36 6,583.46
    Authorized Capital 1,579.88 1,579.88 1,579.88 1,579.88 1,579.34
    Paid-Up Capital 1,578.36 1,576.37 1,576.76 1,573.82 1,562.46
    Premium (Discount) on Share Capital 1,152.39 1,137.32 1,140.29 1,118.47 1,046.88
    Other Surplus (Deficit) - - - - -
    Retained Earnings (Deficit) 12,924.19 11,715.11 12,355.15 10,335.37 11,181.07
    Treasury Stock - - - - -
    Shareholders' Equity 14,544.53 12,982.49 13,407.23 12,382.14 12,800.99
    Minority Interest 174.29 164.57 171.43 154.96 128.25
    more
    Statement of Comprehensive Income (MB.) 9M/2020 
    (01/01/20 
    -30/09/20) 
    9M/2019 
    (01/01/19 
    -30/09/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Sales 20,228.75 27,324.53 36,892.97 27,631.92 28,260.33
    Other Income 151.42 438.90 600.53 232.62 582.13
    Total Revenues 20,455.79 27,862.25 37,626.33 27,962.74 28,982.24
    COGs 15,811.76 24,164.48 32,718.49 25,268.13 24,781.82
    SG&A 977.89 932.67 1,253.31 1,346.12 1,336.42
    Total Expenses 16,909.69 24,884.64 33,767.46 26,978.76 25,948.68
    EBITDA 4,282.01 3,571.59 4,733.74 1,985.19 4,040.65
    Depre. & Amor. 735.91 593.99 874.87 1,001.21 1,007.09
    EBIT 3,546.10 2,977.61 3,858.86 983.98 3,033.56
    Net Profit 2,797.55 2,482.64 3,123.28 564.47 2,537.11
    EPS (B.) 1.77 1.58 1.98 0.36 1.63
    more
    Statement of Cash Flow (MB.) 9M/2020 
    (01/01/20 
    -30/09/20) 
    9M/2019 
    (01/01/19 
    -30/09/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 2,267.85 4,519.98 6,322.74 -2,620.74 2,354.91
    Investing Cash Flow -450.81 -470.82 -1,219.50 -563.73 -1,166.49
    Financing Cash Flow -1,315.23 -3,431.17 -4,099.08 3,330.25 -1,368.16
    Net Cash Flow 501.81 617.99 1,004.15 145.78 -179.75
    more
    Annualized: ROE, ROA
    Ratios 9M/2020  9M/2019  2019  2018 
    Current Ratio (X) 1.55 1.32 1.32 1.25
    ROE (%) 24.98 21.25 24.22 4.48
    ROA (%) 18.01 13.52 15.59 4.50
    D/E (X) 0.61 0.96 0.87 0.95
    Total Asset Turnover (X) 1.23 1.56 1.52 1.28
    Gross Profit Margin (%) 21.84 11.56 11.32 8.55
    EBIT Margin (%) 17.34 10.69 10.26 3.52
    Net Profit Margin (%) 13.68 8.91 8.30 2.02

    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/2020  9M/2019  2019  2018 
    Sales Growth -25.97 51.29 33.52 -2.22
    COGs Growth -34.57 49.83 29.49 1.96
    Total Revenue Growth -26.58 52.87 34.56 -3.52
    Total Expense Growth -32.05 42.05 25.16 3.97
    Net Profit Growth 12.68 475.31 453.32 -77.75

    Annualized
    Cash Cycle 9M/2020  9M/2019  2019  2018 
    A/R Turnover (Times) 5.48 7.14 7.18 6.35
    Avg. Collection Period (Days) 66.64 51.10 50.83 57.53
    Inventory Turnover (Times) 3.73 4.45 4.42 4.51
    Avg. Inventory Period (Days) 97.75 82.02 82.49 80.99
    A/P Turnover (Times) 4.99 6.37 6.33 7.22
    Avg. Payment Period (Days) 73.16 57.32 57.63 50.54
    Cash Cycle (Days) 91.23 75.80 75.69 87.98


    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.