Company Summary
TASCO TIPCO ASPHALT PUBLIC COMPANY LIMITED
Property & Construction/Construction Materials
SET100 / SETCLMV / SETTHSI
CG Report:   
 
  Data as of 17 Jul 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
20.90 21.70 / 13.20 33.69 2.64 1,576.37 32,946.14 43,991.77 1,115.16 17.68
News
Date/Time Subject
15 Jul 2019 08:43   The use of capital received from the capital increase
11 Jul 2019 08:35   New shares of TASCO to be traded on July 12, 2019
02 Jul 2019 17:18   Report on the results of the Exercise of ESOP-W5 (F53-5)
30 May 2019 12:33   Update the progress of insurance claim in relation to the fire incident at the Malaysian subsidiary's refinery of Tipco Asphalt Public Company Limited (the Company)
13 May 2019 17:25   Resolutions of the Board of Directors Meeting No. 2/2019 relating appointment of new Company Secretary
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 04 Mar 2019 02 Mar 2018
    % /Shareholders
    39.56% 14,516 39.25% 14,412
    Foreign Shareholders 35.61% (As of 17/07/2019) Foreign Limit 39.00%
    NVDR Shareholders  6.28% (As of 17/07/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.88 -0.89 -1.73
    20 Days 10.58 8.69 7.26
    60 Days 20.81 18.33 17.60
    120 Days 46.15 38.40 34.37
    YTD 44.14 34.41 31.14
    P/E (X) 33.69 15.60 18.52
    P/BV (X) 2.64 1.98 1.88
    Turnover Ratio (%) 1.13 0.14 1.06

    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
    17 Jul 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 1,576.37  1,573.82  1,562.46 
    Market Cap (MB.) 32,946.14  22,820.41  34,842.96 
    Price (B./share) 20.90  14.50  22.30 
    BVPS (B./Share) 7.92  7.41  8.04 
    P/BV (X) 2.64  1.96  2.78 
    P/E (X) 33.69  23.14  12.12 
    Turnover Ratio (%) 72.81  101.11  260.63 
    Value Trade/Day (MB.) 158.47  116.41  395.17 
    Beta 1.20  1.34  1.16 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 44.14  -34.98  17.37 
    Dividend Yield (%) 1.43  8.22  4.01 
    Payout Ratio 0.48  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.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 1,705.77 1,571.67 1,103.71 1,025.41 1,333.23
    A/R Net 4,983.70 3,061.62 5,041.90 3,667.90 3,491.35
    Inventories 8,469.80 4,935.57 7,321.72 3,892.14 3,769.64
    Current Assets 15,469.86 10,017.27 14,390.49 9,253.97 9,360.93
    PP&E Net 7,979.56 8,212.65 8,127.64 8,558.66 8,690.38
    Total Assets 25,217.64 19,946.16 24,253.47 19,512.70 19,502.62
    OD 6,606.15 3,418.52 6,936.13 2,026.72 1,468.29
    A/P Net 4,998.12 2,672.99 4,015.40 2,982.45 4,053.19
    Current portion of LT 112.98 236.02 131.62 324.86 378.50
    Current Liabilities 12,362.39 6,655.45 11,480.02 6,225.12 6,311.66
    Non-Current Liabilities 231.57 331.22 236.35 358.34 925.89
    Total Liabilities 12,593.96 6,986.67 11,716.36 6,583.46 7,237.55
    Authorized Capital 1,579.88 1,579.34 1,579.88 1,579.34 1,579.34
    Paid-Up Capital 1,574.82 1,564.21 1,573.82 1,562.46 1,553.00
    Premium (Discount) on Share Capital 1,125.55 1,053.78 1,118.47 1,046.88 1,008.95
    Other Surplus (Deficit) -389.32 - - - -
    Retained Earnings (Deficit) 11,053.05 11,485.15 10,335.37 11,181.07 10,045.86
    Treasury Stock - - - - -
    Shareholders' Equity 12,466.24 12,814.01 12,382.14 12,800.99 12,154.44
    Minority Interest 157.44 145.48 154.96 128.25 110.63
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    Statement of Comprehensive Income (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 7,091.28 5,263.11 27,631.92 28,260.33 24,037.77
    Other Income 919.69 49.95 232.62 582.13 256.98
    Total Revenues 8,050.43 5,351.93 27,962.74 28,982.24 24,392.47
    COGs 6,681.76 4,655.90 25,268.13 24,781.82 19,348.22
    SG&A 300.16 322.34 1,346.12 1,336.42 1,304.85
    Total Expenses 7,163.93 4,979.04 26,978.76 25,948.68 20,500.05
    EBITDA 1,115.16 612.80 1,985.19 4,040.65 4,718.65
    Depre. & Amor. 228.66 239.92 1,001.21 1,007.09 826.22
    EBIT 886.50 372.89 983.98 3,033.55 3,892.43
    Net Profit 717.68 304.08 564.47 2,537.11 3,110.13
    EPS (B.) 0.46 0.19 0.36 1.63 2.01
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    Statement of Cash Flow (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 1,061.15 -628.51 -2,620.74 2,354.91 4,835.26
    Investing Cash Flow -169.54 -111.79 -563.73 -1,166.49 -2,738.94
    Financing Cash Flow -283.37 1,324.55 3,330.25 -1,368.16 -2,146.43
    Net Cash Flow 608.24 584.25 145.78 -179.75 -50.11
    more
    Annualized: ROE, ROA
    Ratios 3M/2019  3M/2018  2018  2017 
    Current Ratio (X) 1.25 1.51 1.25 1.49
    ROE (%) 7.74 12.34 4.48 20.33
    ROA (%) 6.63 9.14 4.50 15.55
    D/E (X) 1.01 0.55 0.95 0.51
    Total Asset Turnover (X) 1.36 1.25 1.28 1.49
    Gross Profit Margin (%) 5.77 11.54 8.55 12.31
    EBIT Margin (%) 11.01 6.97 3.52 10.47
    Net Profit Margin (%) 8.91 5.68 2.02 8.75

    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/2019  3M/2018  2018  2017 
    Sales Growth 34.74 -36.97 -2.22 17.57
    COGs Growth 43.51 -31.33 1.96 28.08
    Total Revenue Growth 50.42 -37.82 -3.52 18.82
    Total Expense Growth 43.88 -29.70 3.97 26.58
    Net Profit Growth 136.02 -75.43 -77.75 -18.42

    Annualized
    Cash Cycle 3M/2019  3M/2018  2018  2017 
    A/R Turnover (Times) 7.32 7.64 6.35 7.89
    Avg. Collection Period (Days) 49.84 47.75 57.53 46.23
    Inventory Turnover (Times) 4.07 4.06 4.51 6.47
    Avg. Inventory Period (Days) 89.63 89.84 80.99 56.42
    A/P Turnover (Times) 7.12 7.08 7.22 7.04
    Avg. Payment Period (Days) 51.29 51.53 50.54 51.81
    Cash Cycle (Days) 88.18 86.06 87.98 50.84


    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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