Company Summary
ECF EAST COAST FURNITECH PUBLIC COMPANY LIMITED
Consumer Products/
mai
CG Report:   
 
  Data as of 26 May 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
1.84 2.46 / 1.53 36.19 1.34 239.87 1,765.46 4,329.62 58.01 18.81
News
Date/Time Subject
18 May 2022 06:30   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022 (Additional)
17 May 2022 17:01   Notification on the Issuance and Offering of "Debentures of East Coast Furnitech Public Company Limited No.1/2022"
13 May 2022 19:29   Financial Performance Quarter 1 (F45) (Reviewed)
13 May 2022 19:29   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
13 May 2022 19:28   Financial Statement Quarter 1/2022 (Reviewed)
more

Company Profile
Address 37/9 Moo 10 Banbueng - Klaeng Road, Tambon Tang-Kwiang, Klaeng District Rayong 21110
Telephone 0-3867-1361, 0-3888-6372-4
Fax 0-3888-6375
URL http://www.eastcoast.co.th
  Annual Report 2021
Establish Date 1992 Listed Date 26/03/2013
IPO Price (Baht) 1.20 @Par0.25 Baht
IPO Financial Advisory
  • ASSET PRO MANAGEMENT COMPANY LIMITED
  • Par 0.25 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  / Consumer Products / Consumer Products

    Business
    East Coast Furnitech Public Company Limited is a manufacturer and distributor of furniture made of particle board and rubber wood, foil paper, dried rubber wood for using as raw materials for manufacturing furnitures, distributor of rubber wood furniture manufactured by ECF or from other domestic and oversea manufacturers and cutting the edge of wood (PVC) for purpose of manufacturing particle board furnitures. Moreover the Company has established one of subsidiary in order to operate the renewable energy business.

    Free Float 14 Mar 2022 19 Mar 2021
    % /Shareholders
    49.74% 6,851 49.74% 4,668
    Foreign Shareholders 0.01% (As of 26/05/2022) Foreign Limit 49.00%
    NVDR Shareholders  2.47% (As of 26/05/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 3.95 -0.01 -0.85
    20 Days -4.17 4.33 -0.56
    60 Days 3.95 20.82 2.14
    120 Days 1.10 26.56 -11.57
    YTD -3.16 17.69 -12.74
    P/E (X) 36.19 16.16 55.55
    P/BV (X) 1.34 2.87 3.49
    Turnover Ratio (%) 0.61 0.52 0.77

    Top 10 Major Shareholders(@14 Mar 2022) Share %
    1. นาย อารักษ์ สุขสวัสดิ์ 151,637,750 15.80
    2. นาย ชาลี สุขสวัสดิ์ 149,982,750 15.63
    3. น.ส. ทิพวรรณ สุขสวัสดิ์ 149,560,550 15.59
    4. บริษัท Thai NVDR Company Limited 30,838,638 3.21
    5. MRS. PIKUL PANICH 25,000,000 2.61
    6. นาย WALLOP SUKSAWAT 23,538,800 2.45
    7. MR. CHAKRAPHON THONGCHAROEN 9,406,900 0.98
    8. นาง WASSANA VIRIYATORNPHAN 9,384,500 0.98
    9. น.ส. ทัศนีย์ วงษ์จิราษฎร์ 7,204,000 0.75
    10. MR. SAKCHI TEPPHUSAWATTANA 6,759,000 0.70

    Management Position
    1. GEN. TERDSAK MARROME CHAIRMAN / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    2. Mr. WALLOP SUKSAWAD CHAIRMAN OF THE EXECUTIVE COMMITTEE / DIRECTOR
    3. Mr. CHALEE SUKSAWAD VICE PRESIDENT OF THE BOARD COMMITTEE
    4. Mr. ARAK SUKSAWAD MANAGING DIRECTOR / DIRECTOR
    5. Mr. MONTREE SOCATIYANURAK INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    6. Mr. SONGKLOD JARUSOMBUTI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    7. Mr. EKARIN VASANASONG INDEPENDENT DIRECTOR
    8. Mr. PAIBOON AROONPRASOBSUK INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    26 May 2022
    2021
    30 Dec 2021
    2020
    30 Dec 2020
    Listed share (M.) 959.49  959.49  959.49 
    Market Cap (MB.) 1,765.46  1,823.03  1,276.12 
    Price (B./share) 1.84  1.90  1.33 
    BVPS (B./Share) 1.37  1.35  1.30 
    P/BV (X) 1.34  1.41  1.02 
    P/E (X) 36.19  46.15  22.70 
    Turnover Ratio (%) 268.50  365.30  271.52 
    Value Trade/Day (MB.) 53.65  26.15  13.65 
    Beta 0.71  1.09  0.97 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -3.16  42.86  9.02 
    Dividend Yield (%) 0.85  0.66  1.26 
    Payout Ratio 0.31  0.30  0.28 
    Dividend Policy Not less than 40 percent of its net profit after corporation tax, financial statement and legal reserves (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2021 - 31 Dec 2021 0.0157 Baht 20 May 2022 Cash
    01 Jan 2020 - 31 Dec 2020 0.0125 Baht - Cash
    01 Jan 2019 - 31 Dec 2019 0.0167 Baht 22 May 2020 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MR. PISIT CHIWARUANGROCH/M.R. & ASSOCIATES CO., LTD.
    MR. METHEE RATANASRIMETHA/M.R. & ASSOCIATES CO., LTD.
    MR. AKADET PLIENSAKUL/M.R. & ASSOCIATES CO., LTD.
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    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 35.02 80.79 22.41 187.14 84.06
    A/R Net 544.78 489.73 509.29 342.39 324.06
    Inventories 1,310.85 1,369.48 1,314.47 1,370.21 1,379.37
    Current Assets 2,107.71 2,025.28 2,020.63 2,035.77 1,837.49
    PP&E Net 665.62 527.22 613.96 521.51 481.89
    Non-Current Assets 1,804.88 1,519.00 1,735.57 1,508.96 1,753.49
    Total Assets 3,912.60 3,544.28 3,756.20 3,544.72 3,590.97
    OD 743.77 619.04 704.97 601.83 522.48
    A/P Net 237.51 223.29 216.72 302.61 261.28
    Current portion of LT 579.05 223.80 364.43 419.40 633.32
    Current Liabilities 2,073.62 1,426.13 1,693.65 1,673.05 1,676.02
    Non-Current Liabilities 502.08 846.77 735.94 631.89 460.54
    Total Liabilities 2,575.70 2,272.90 2,429.59 2,304.94 2,136.56
    Authorized Capital 287.85 287.65 287.85 299.16 312.46
    Paid-Up Capital 239.87 239.87 239.87 239.87 239.87
    Premium (Discount) on Share Capital 768.34 768.34 768.34 768.34 768.34
    Retained Earnings (Deficit) 509.53 474.11 497.28 459.79 434.65
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -204.33 -218.68 -202.27 -235.50 -8.83
     - Surplus (Deficits) - - - - -
    Shareholders' Equity 1,313.42 1,263.64 1,303.23 1,232.50 1,434.04
    Minority Interest 23.48 7.74 23.38 7.28 20.37
    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 407.34 407.31 1,549.41 1,384.49 1,254.18
    Other Income 9.67 2.11 35.22 16.75 36.37
    Total Revenues 419.96 411.00 1,592.19 1,408.90 1,290.56
    Costs 323.37 319.69 1,237.05 1,077.23 884.73
    Selling And Administrative Expenses 56.08 48.74 196.18 195.84 259.64
    Total Cost And Expenses 381.08 373.45 1,445.71 1,291.20 1,144.37
    EBITDA 58.01 59.78 231.94 222.41 231.76
    Depre. & Amor. 11.57 11.10 44.43 44.05 74.47
    EBIT 46.44 48.68 187.51 178.37 157.28
    Net Profit : Owners Of The Parent 12.25 14.31 50.85 41.16 40.29
    EPS (B.) 0.01 0.01 0.05 0.04 0.04
    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 36.10 -35.85 128.22 153.58 -58.89
    Investing Cash Flow -86.47 -14.38 -285.49 -4.49 -95.84
    Financing Cash Flow 62.98 -56.13 -7.46 -46.01 106.43
    Net Cash Flow 12.61 -106.36 -164.73 103.08 -48.30
    more
    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 1.02 1.42 1.19 1.22
    ROE (%) 3.79 3.06 4.01 3.09
    ROA (%) 4.97 5.39 5.14 5.00
    D/E (X) 1.93 1.79 1.83 1.86
    Total Asset Turnover (X) 0.43 0.44 0.44 0.39
    Gross Profit Margin (%) 20.61 21.51 20.16 22.19
    EBIT Margin (%) 11.06 11.84 11.78 12.66
    Net Profit Margin (%) 2.94 3.38 3.20 2.25

    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 0.01 40.58 11.91 10.39
    COGs Growth 1.15 47.51 14.84 21.76
    Total Revenue Growth 2.18 40.32 13.01 9.17
    Total Expense Growth 2.04 28.71 11.97 12.83
    Net Profit Growth -14.41 -16.36 23.54 2.17

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 3.23 4.17 3.80 4.15
    Avg. Collection Period (Days) 112.84 87.51 95.96 87.85
    Inventory Turnover (Times) 0.93 0.85 0.92 0.78
    Avg. Inventory Period (Days) 394.25 427.84 396.07 465.82
    A/P Turnover (Times) 5.39 4.98 4.76 3.82
    Avg. Payment Period (Days) 67.78 73.32 76.62 95.53
    Cash Cycle (Days) 439.31 442.03 415.41 458.14


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    Market Surveillance Measures List 15 Feb 2022 - 07 Mar 2022
    more

    Only Preferred Share and Warrants
    Other Securities
    Securities Name ECF-W4, ECF-W4-R

    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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