Company Summary
ARROW ARROW SYNDICATE PUBLIC COMPANY LIMITED
Property & Construction/
mai
CG Report:   
 
  Data as of 04 Jul 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
7.75 9.05 / 7.50 17.13 1.54 256.90 1,990.95 2,466.47 50.45 12.03
News
Date/Time Subject
12 May 2022 17:00   Financial Statement Quarter 1/2022 (Reviewed)
12 May 2022 17:00   Financial Performance Quarter 1 (F45) (Reviewed)
12 May 2022 17:00   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
27 Apr 2022 18:35   Shareholders meeting's resolution
26 Apr 2022 17:01   Shareholders meeting's resolution
more

Company Profile
Address 31 Moo 1 Phanthong Chonburi 20160
Telephone 0-3874-0371-4
Fax 0-3874-0150
URL http://www.arrowpipe.com
Establish Date 2/5/1988 Listed Date 25/12/2012
IPO Price (Baht) 5.50 @Par1.00 Baht
IPO Financial Advisory
  • PHILLIP SECURITIES (THAILAND) PUBLIC CO., LTD.
    		•
    Par 1.00 Baht
    Last Par Change N/A

    Market/Industry/Sector Change
    Effective Date 05/01/2015
    Previous Market/Industry/Sector mai  / MAI Industry / Medium-Sized Enterprise
    Current Market/Industry/Sector mai  / Property & Construction / Property & Construction

    Business
    The Company engages in a manufacturer and distribution of electrical conduit and fittings under the brand of "Arrowpipe" "Arrowtite" and "Union" which is made of hot-dipped galvanize sheet and Water pipe and fittings under the brand of "Arrow PP-R", a high quality water pipe, is made from polypropylene Random Copolymer. The Company's subsidiary(JSVT) engages in a manufacturer and distribution of Ventilating Conduit or Air Duct under the brand of "Arrow duct" and Post-Tension Duct which are made from hot-dip galvanized steel. The end users of the Company and its subsidiaries' products are in the business of construction and property approximately 75% and the other 25% are manufacturing plants

    Free Float 10 Mar 2022 11 Mar 2021
    % /Shareholders
    28.47% 3,314 27.87% 2,309
    Foreign Shareholders 0.11% (As of 04/07/2022) Foreign Limit 49.00%
    NVDR Shareholders  0.19% (As of 04/07/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - 3.90 4.29
    20 Days -4.91 -5.21 2.29
    60 Days -7.19 1.14 5.82
    120 Days -5.49 -23.56 -2.31
    YTD -4.91 -33.28 -5.70
    P/E (X) 17.13 N/A 50.09
    P/BV (X) 1.54 4.08 3.06
    Turnover Ratio (%) 0.01 0.25 0.30

    Top 10 Major Shareholders(@11 May 2022) Share %
    1. LK SYNDICATE CO.,LTD. 67,528,874 26.29
    2. นาย LERTCHAI VONGCHAISIT 66,908,017 26.04
    3. นาง PRAKRONG NAMNANTHASITH 17,980,506 7.00
    4. นาง KAMOLPAT VONGCHAIYASIT 12,745,631 4.96
    5. MISS SEE SEA-TIA 9,004,276 3.51
    6. นาย PANUPONG WIJITTHONGRUANG 7,003,091 2.73
    7. น.ส. จงกล งามเลิศชัย 5,279,500 2.06
    8. นาย TANAWAT PATTARANUPAN 4,928,863 1.92
    9. นาย สกล งามเลิศชัย 2,818,600 1.10
    10. น.ส. RUJIRA KORSAWATWORAKUN 2,654,000 1.03

    Management Position
    1. Mr. VICHAI THOSUWONCHINDA CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. LERTCHAI VONGCHAISIT CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. TANIN TANPRAWAT MANAGING DIRECTOR / DIRECTOR
    4. Mr. PANUPONG WIJITTHONGRUANG DIRECTOR
    5. Mrs. PRAKRONG NAMNANTHASITH DIRECTOR
    6. Mr. THARAPONG RUJIWONG DIRECTOR
    7. Mr. SOMPHOP JULO DIRECTOR
    8. Mr. SURADEJ CHUNTRANULUCK INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    9. Mr. NUMPON NGURNNUMCHOKE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. CHANA SINGRUNGRUANG INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    04 Jul 2022    		 2021
    30 Dec 2021    		 2020
    30 Dec 2020
    Listed share (M.) 256.90  256.90  254.91 
    Market Cap (MB.) 1,990.95  2,093.71  1,848.10 
    Price (B./share) 7.75  8.15  7.25 
    BVPS (B./Share) 5.04  5.01  4.72 
    P/BV (X) 1.54  1.63  1.54 
    P/E (X) 17.13  13.33  10.51 
    Turnover Ratio (%) 3.56  38.44  13.15 
    Value Trade/Day (MB.) 0.62  3.62  1.04 
    Beta 0.26  0.57  0.78 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -4.91  12.41  -18.08 
    Dividend Yield (%) 5.81  6.09  7.58 
    Payout Ratio 0.99  0.73  0.80 
    Dividend Policy Not less than 50% of the net profits after deducting income tax or other reserve (if any).Thus, when the Company growing, it should be continuously pay-out the dividend and expected that it would reflect to the stability of share value of the company

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2021 - 31 Dec 2021 0.35 Baht 25 May 2022 Cash
    01 Jan 2021 - 30 Sep 2021 0.10 Baht 09 Dec 2021 Cash
    01 Jan 2020 - 31 Dec 2020 0.35 Baht 25 May 2021 Cash
    01 Jan 2020 - 30 Jun 2020 0.15 Baht 10 Sep 2020 Cash
    01 Jan 2019 - 31 Dec 2019 0.40 Baht 30 Apr 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.15 Baht 12 Sep 2019 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MR. SATHIEN VONGSNAN/ANS AUDIT CO., LTD.
    MR. ATIPONG ATIPONGSAKUL/ANS AUDIT CO., LTD.
    MR. VICHAI RUCHITANONT/ANS AUDIT CO., LTD.
    MS. KULTIDA PASURAKUL/ANS AUDIT CO., LTD.
    MR. YUTTAPONG CHUAMUANGPAN/ANS AUDIT CO., LTD.
    Miss JIRAPORN ATIKARUN/ANS AUDIT CO., LTD.
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 95.52 79.88 50.83 28.53 48.79
    A/R Net 341.55 301.77 308.54 319.35 388.37
    Inventories 784.72 589.11 653.27 670.24 524.36
    Current Assets 1,301.75 1,043.41 1,027.91 1,049.63 1,000.78
    PP&E Net 486.23 510.02 493.00 518.83 479.85
    Non-Current Assets 565.01 587.00 568.11 596.03 565.52
    Total Assets 1,866.76 1,630.41 1,596.02 1,645.66 1,566.30
    OD 347.16 100.29 125.10 164.86 178.81
    A/P Net 100.65 75.85 75.53 68.57 112.79
    Current portion of LT 15.84 19.92 17.22 19.92 5.28
    Current Liabilities 514.88 259.01 260.96 309.91 313.52
    Non-Current Liabilities 82.58 121.09 96.07 127.62 65.10
    Total Liabilities 597.45 380.09 357.03 437.52 378.61
    Authorized Capital 258.75 266.82 258.75 266.82 266.82
    Paid-Up Capital 256.90 254.91 256.90 254.91 254.91
    Premium (Discount) on Share Capital 259.87 244.90 259.87 244.90 244.90
    Retained Earnings (Deficit) 746.77 745.48 716.45 702.66 675.20
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity 32.19 33.67 32.19 33.43 29.94
     - Surplus (Deficits) 7.44 7.44 7.44 7.44 7.44
    Shareholders' Equity 1,295.72 1,278.96 1,265.40 1,235.90 1,204.96
    Minority Interest -26.41 -28.65 -26.41 -27.77 -17.27
    more
    Statement of Comprehensive Income (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 327.05 293.25 1,064.94 1,294.07 1,450.74
    Other Income 11.81 5.91 24.94 14.64 16.49
    Total Revenues 338.86 299.16 1,089.87 1,308.71 1,467.23
    Costs 263.35 204.71 737.68 926.27 1,078.76
    Selling And Administrative Expenses 35.79 39.58 174.16 146.04 166.00
    Total Cost And Expenses 299.14 244.29 911.84 1,088.30 1,244.76
    EBITDA 50.45 65.78 220.35 263.18 260.38
    Depre. & Amor. 10.73 10.92 43.64 42.77 37.94
    EBIT 39.72 54.87 176.71 220.41 222.44
    Net Profit : Owners Of The Parent 30.32 42.82 128.74 168.98 205.47
    EPS (B.) 0.12 0.17 0.50 0.66 0.81
    more
    Statement of Cash Flow (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow -92.43 164.79 219.72 192.44 137.35
    Investing Cash Flow -67.51 -40.07 -16.99 -100.52 -50.83
    Financing Cash Flow 204.64 -73.37 -180.43 -112.17 -102.18
    Net Cash Flow 44.69 51.35 22.30 -20.26 -15.66
    more
    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 2.53 4.03 3.94 3.39
    ROE (%) 9.03 11.69 10.29 13.85
    ROA (%) 9.24 11.70 10.90 13.72
    D/E (X) 0.47 0.30 0.29 0.36
    Total Asset Turnover (X) 0.65 0.72 0.67 0.81
    Gross Profit Margin (%) 19.48 30.19 30.73 28.42
    EBIT Margin (%) 11.72 18.34 16.21 16.84
    Net Profit Margin (%) 8.95 14.02 11.81 12.11

    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/2022  3M/2021  2021  2020 
    Sales Growth 11.52 -18.42 -17.71 -10.80
    COGs Growth 28.64 -17.99 -20.36 -14.14
    Total Revenue Growth 13.27 -18.52 -16.72 -10.80
    Total Expense Growth 22.45 -16.48 -16.21 -12.57
    Net Profit Growth -29.20 -32.01 -23.82 -17.76

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 3.42 3.59 3.39 3.66
    Avg. Collection Period (Days) 106.86 101.77 107.60 99.81
    Inventory Turnover (Times) 1.16 1.42 1.11 1.55
    Avg. Inventory Period (Days) 314.86 257.63 327.43 235.37
    A/P Turnover (Times) 9.02 7.48 10.24 10.21
    Avg. Payment Period (Days) 40.45 48.81 35.65 35.73
    Cash Cycle (Days) 381.26 310.59 399.39 299.45


    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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