Company Summary
TASCO TIPCO ASPHALT PUBLIC COMPANY LIMITED
Property & Construction/Construction Materials
SET100 / SETCLMV / SETHD / SETTHSI
CG Report:   
 
  Data as of 25 Apr 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
17.60 18.80 / 12.70 49.13 2.24 1,575.57 27,730.04 38,497.66 1,985.19 19.39
News
Date/Time Subject
22 Apr 2019 08:30   New shares of TASCO to be traded on April 23, 2019
19 Apr 2019 17:04   Notification of the Minutes of Annual General Meeting of Shareholders 2019 on Company's Website
11 Apr 2019 17:03   New Seal of the Company
05 Apr 2019 17:09   Report on the results of the Exercise of ESOP-W5 (F53-5)
05 Apr 2019 17:08   Shareholders meeting's resolution
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 2018
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 2018 03 Mar 2017
    % /Shareholders
    39.25% 14,412 36.28% 13,917
    Foreign Shareholders 37.02% (As of 25/04/2019) Foreign Limit 39.00%
    NVDR Shareholders  3.60% (As of 25/04/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 2.33 2.95 2.43
    20 Days 15.03 19.24 11.77
    60 Days 22.22 22.33 18.59
    120 Days 22.22 18.01 20.10
    YTD 21.38 16.80 13.44
    P/E (X) 49.13 15.31 17.50
    P/BV (X) 2.24 1.91 1.86
    Turnover Ratio (%) 0.83 0.08 0.48

    Top 10 Major Shareholders(@04 Mar 2019) Share %
    1. BNP PARIBAS SECURITIES (ASIA) LTD-FOR COLAS 490,731,040 31.16
    2. บริษัท ทิปโก้ฟูดส์ จำกัด (มหาชน) 369,881,660 23.49
    3. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 55,908,948 3.55
    4. UBS AG LONDON BRANCH 32,723,800 2.08
    5. นาย สมจิตต์ เศรษฐิน 30,000,000 1.90
    6. น.ส. รวมสิน ทรัพย์สาคร 19,400,000 1.23
    7. นาย สิทธิลาภ ทรัพย์สาคร 17,050,000 1.08
    8. นาย ชูวงศ์ เตี่ยนซื่อ 16,362,000 1.04
    9. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 15,720,728 1.00
    10. น.ส. ลักษณา ทรัพย์สาคร 13,860,000 0.88

    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
    25 Apr 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 1,575.57  1,573.82  1,562.46 
    Market Cap (MB.) 27,730.04  22,820.41  34,842.96 
    Price (B./share) 17.60  14.50  22.30 
    BVPS (B./Share) 7.87  7.41  8.04 
    P/BV (X) 2.24  1.96  2.78 
    P/E (X) 49.13  23.14  12.12 
    Turnover Ratio (%) 27.75  101.11  260.63 
    Value Trade/Day (MB.) 88.17  116.41  395.17 
    Beta 1.33  1.34  1.16 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 21.38  -34.98  17.37 
    Dividend Yield (%) 1.70  8.22  4.01 
    Payout Ratio 0.84  1.43  0.49 
    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 2018 - 31 Dec 2018 0.30 Baht 26 Apr 2019 Cash
    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
     
    Auditor
    (Effective Until 31/12/2019)
    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.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 1,103.71 1,025.41 1,333.23 1,353.52
    A/R Net 5,041.90 3,667.90 3,491.35 3,271.78
    Inventories 7,321.72 3,892.14 3,769.64 2,402.52
    Current Assets 14,390.49 9,253.97 9,360.93 8,807.23
    PP&E Net 8,127.64 8,558.66 8,690.38 7,075.69
    Total Assets 24,253.47 19,512.70 19,502.62 16,869.30
    OD 6,936.13 2,026.72 1,468.29 36.09
    A/P Net 4,015.40 2,982.45 4,053.19 2,253.62
    Current portion of LT 131.62 324.86 378.50 439.37
    Current Liabilities 11,480.02 6,225.12 6,311.66 4,118.89
    Non-Current Liabilities 236.35 358.34 925.89 2,185.93
    Total Liabilities 11,716.36 6,583.46 7,237.55 6,304.81
    Authorized Capital 1,579.88 1,579.34 1,579.34 1,578.74
    Paid-Up Capital 1,573.82 1,562.46 1,553.00 1,543.85
    Premium (Discount) on Share Capital 1,118.47 1,046.88 1,008.95 969.63
    Other Surplus (Deficit) - - - -
    Retained Earnings (Deficit) 10,335.37 11,181.07 10,045.86 8,016.09
    Treasury Stock - - - -
    Shareholders' Equity 12,382.14 12,800.99 12,154.44 10,328.87
    Minority Interest 154.96 128.25 110.63 235.62
    more
    Statement of Comprehensive Income (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 27,631.92 28,260.33 24,037.77 37,136.77
    Other Income 232.62 582.13 256.98 355.53
    Total Revenues 27,962.74 28,982.24 24,392.47 37,580.11
    COGs 25,268.13 24,781.82 19,348.22 29,632.81
    SG&A 1,346.12 1,336.42 1,304.85 1,145.08
    Total Expenses 26,978.76 25,948.68 20,500.05 31,044.03
    EBITDA 1,985.19 4,040.65 4,718.65 7,111.81
    Depre. & Amor. 1,001.21 1,007.09 826.22 575.73
    EBIT 983.98 3,033.55 3,892.43 6,536.08
    Net Profit 564.47 2,537.11 3,110.13 5,078.76
    EPS (B.) 0.36 1.63 2.01 3.30
    more
    Statement of Cash Flow (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow -2,620.74 2,354.91 4,835.26 8,359.31
    Investing Cash Flow -563.73 -1,166.49 -2,738.94 -1,602.34
    Financing Cash Flow 3,330.25 -1,368.16 -2,146.43 -5,623.15
    Net Cash Flow 145.78 -179.75 -50.11 1,133.82
    more
    Annualized: ROE, ROA
    Ratios 2018  2017  2016 
    Current Ratio (X) 1.25 1.49 1.48
    ROE (%) 4.48 20.33 27.67
    ROA (%) 4.50 15.55 21.40
    D/E (X) 0.95 0.51 0.60
    Total Asset Turnover (X) 1.28 1.49 1.34
    Gross Profit Margin (%) 8.55 12.31 19.51
    EBIT Margin (%) 3.52 10.47 15.96
    Net Profit Margin (%) 2.02 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 (%) 2018  2017  2016 
    Sales Growth -2.22 17.57 -35.27
    COGs Growth 1.96 28.08 -34.71
    Total Revenue Growth -3.52 18.82 -35.09
    Total Expense Growth 3.97 26.58 -33.96
    Net Profit Growth -77.75 -18.42 -38.76

    Annualized
    Cash Cycle 2018  2017  2016 
    A/R Turnover (Times) 6.35 7.89 7.11
    Avg. Collection Period (Days) 57.53 46.23 51.35
    Inventory Turnover (Times) 4.51 6.47 6.27
    Avg. Inventory Period (Days) 80.99 56.42 58.22
    A/P Turnover (Times) 7.22 7.04 6.14
    Avg. Payment Period (Days) 50.54 51.81 59.49
    Cash Cycle (Days) 87.98 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)
    The Information is provided for informative and educational purposes only.