Company Summary
HFT HWA FONG RUBBER (THAILAND) PUBLIC COMPANY LIMITED
Industrials/Automotive
sSET
CG Report:   -
 
  Data as of 27 Jan 2023  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
6.60 8.55 / 5.95 8.89 1.19 658.43 4,345.67 4,217.11 545.75 5.96
News
Date/Time Subject
04 Nov 2022 17:17   Financial Performance Quarter 3 (F45) (Reviewed)
04 Nov 2022 17:17   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2022
04 Nov 2022 17:16   Financial Statement Quarter 3/2022 (Reviewed)
04 Nov 2022 17:04   Approved FS Q3/2022
08 Aug 2022 08:40   Connected Transaction
more

Company Profile
Address 317 SOI 6C MOO 4 BANGPU INDUSTRIAL ESTATE TOMBOL PRAKSA, AMPHOE MUEANG Samut Prakarn 10280
Telephone 0-2709-6580
Fax 0-2324-0483-4, 0-2709-6589
URL http://www.duro.co.th
  Annual Report 2021
Establish Date 2/6/1987 Listed Date 15/12/2003
IPO Price (Baht) 35.50 @Par10.00 Baht
IPO Financial Advisory
  • MAYBANK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
    		•
    Par 1.00 Baht
    Last Par Change Old 10.00 : New 1.00 @ 11/05/2009

    Business
    The Company is principally engaged in the manufacture and distribution of tires and tubes for bicycle, motorcycles and small logistics vehicles.

    Free Float 18 Mar 2022 19 Mar 2021
    % /Shareholders
    45.73% 3,092 44.74% 3,838
    Foreign Shareholders 58.42% (As of 27/01/2023) Foreign Limit 100.00%
    NVDR Shareholders  3.59% (As of 27/01/2023)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 1.54 0.09 1.29
    20 Days 3.12 -1.16 0.79
    60 Days 2.33 -4.51 -2.48
    120 Days 1.54 -11.43 -4.80
    YTD 1.54 -2.17 0.78
    P/E (X) 8.89 12.34 18.29
    P/BV (X) 1.19 1.12 1.66
    Turnover Ratio (%) 0.10 0.32 0.71

    Top 10 Shareholders(@06 May 2022) Share %
    1. HWA FONG RUBBER INDUSTRY CO.,LTD. 332,000,000 50.42
    2. บริษัท Thai NVDR Company Limited 27,409,901 4.16
    3. นาย ANAN RAVEESANGSOON 20,590,000 3.13
    4. MRS. HSIN-MEI YEN HSIEH 15,018,000 2.28
    5. นาย RAVI KASEMSARN 12,800,000 1.94
    6. MR. SOMCHAT KUPNIRATSAIKUL 12,000,000 1.82
    7. นาง สุภา ยั่งยืนสุนทร 11,158,000 1.69
    8. MR. CHIH-CHE YEN 7,871,250 1.20
    9. MR. SHIH-HUNG YEN 7,578,750 1.15
    10. นาง ปิยะมาศ ประพฤทธิพงษ์ 7,555,000 1.15

    Management Position
    1. Mr. KUO - JUNG SHEN CHAIRMAN OF THE BOARD / MANAGING DIRECTOR
    2. Mr. YEN MING SHAN VICE CHAIRMAN
    3. Mr. CHIH-CHE YEN DIRECTOR
    4. Mr. CHUANG CHIH - YAO DIRECTOR
    5. Mr. HSIH-CHIEN CHIU DIRECTOR
    6. Miss PING - YI WU DIRECTOR
    7. Mr. LIU HSING - HUNG DIRECTOR
    8. Mr. YEN JUI-HSIEN DIRECTOR
    9. Mrs. SYUAN WEN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. HSIAO CHIN-LUNG INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    11. Mr. MONSIAM SINWORAPHAN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. Mr. CHENG-YUNG LIN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    27 Jan 2023    		 2022
    30 Dec 2022    		 2021
    30 Dec 2021
    Listed share (M.) 658.43  658.43  658.43 
    Market Cap (MB.) 4,345.67  4,279.82  5,662.53 
    Price (B./share) 6.60  6.50  8.60 
    BVPS (B./Share) 5.55  5.55  5.21 
    P/BV (X) 1.19  1.17  1.65 
    P/E (X) 8.89  8.76  11.48 
    Turnover Ratio (%) 0.65  23.91  184.11 
    Value Trade/Day (MB.) 1.45  4.92  37.46 
    Beta 0.87  0.83  0.76 
     
    Rate of Return YTD  2022  2021 
    Price Change (%) 1.54  -24.42  72.00 
    Dividend Yield (%) 6.44  6.54  3.66 
    Payout Ratio 0.57  0.57  0.42 
    Dividend Policy Minimum of 30% of net profit after deduction of corporate tax anf other reserves if there will be not any necessary matters

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2021 - 31 Dec 2021 0.425 Baht 25 May 2022 Cash
    01 Jan 2020 - 31 Dec 2020 0.315 Baht 21 May 2021 Cash
    01 Jan 2019 - 31 Dec 2019 0.145 Baht 10 Jun 2020 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MRS. ANUTAI POOMSURAKUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. KRIT CHATCHAVALWONG/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. SA-NGA CHOKENITISAWAT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 9M/2022 
    (01/01/22 
    -30/09/22)     		 9M/2021 
    (01/01/21 
    -30/09/21)     		 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 707.62 496.59 672.85 946.51 717.07
    A/R Net 623.29 592.68 744.98 543.90 524.11
    Inventories 905.34 1,011.49 970.42 534.82 567.80
    Current Assets 2,398.35 2,161.60 2,450.94 2,043.02 1,998.67
    PP&E Net 1,511.77 1,582.15 1,563.70 1,538.08 1,363.14
    Non-Current Assets 1,833.28 1,894.17 1,873.31 1,819.96 1,654.86
    Total Assets 4,231.63 4,055.78 4,324.25 3,862.98 3,653.53
    OD 59.91 - - - -
    A/P Net 371.88 527.18 606.46 477.27 451.97
    Current portion of LT - - - 5.75 146.70
    Current Liabilities 505.09 551.22 713.89 541.32 641.05
    Non-Current Liabilities 73.97 72.00 71.54 68.79 64.99
    Total Liabilities 579.06 623.22 785.43 610.10 706.04
    Authorized Capital 658.43 658.43 658.43 658.43 658.43
    Paid-Up Capital 658.43 658.43 658.43 658.43 658.43
    Premium (Discount) on Share Capital 222.10 222.10 222.10 222.10 222.10
    Retained Earnings (Deficit) 2,818.75 2,610.02 2,719.35 2,465.87 2,148.73
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -46.72 -58.00 -61.07 -93.54 -81.78
     - Surplus (Deficits) 7.43 7.43 7.43 7.43 7.43
    Shareholders' Equity 3,652.57 3,432.56 3,538.82 3,252.88 2,947.49
    Minority Interest - - - - -
    more
    Statement of Comprehensive Income (MB.) 9M/2022 
    (01/01/22 
    -30/09/22)     		 9M/2021 
    (01/01/21 
    -30/09/21)     		 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 2,631.94 2,354.55 3,426.80 2,664.83 2,736.69
    Other Income 14.98 5.87 7.76 9.55 12.25
    Total Revenues 2,646.92 2,360.42 3,434.56 2,674.38 2,748.94
    Costs 2,194.18 1,861.22 2,743.85 2,043.59 2,241.56
    Selling And Administrative Expenses 122.03 126.57 180.69 153.04 150.33
    Total Cost And Expenses 2,316.20 1,987.79 2,924.54 2,196.62 2,391.88
    EBITDA 545.75 500.16 661.82 593.39 438.83
    Depre. & Amor. 92.68 72.95 99.29 95.79 95.07
    EBIT 453.07 427.22 562.52 497.61 343.77
    Net Profit : Owners Of The Parent 379.23 351.55 460.88 412.62 278.84
    EPS (B.) 0.58 0.53 0.70 0.63 0.42
    more
    Statement of Cash Flow (MB.) 9M/2022 
    (01/01/22 
    -30/09/22)     		 9M/2021 
    (01/01/21 
    -30/09/21)     		 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 374.06 -108.77 91.49 571.03 445.09
    Investing Cash Flow -138.39 -143.85 -157.66 -102.33 -91.39
    Financing Cash Flow -220.16 -213.42 -213.51 -236.76 -99.03
    Net Cash Flow 15.51 -466.04 -279.69 231.94 254.67
    more
    Annualized: ROE, ROA
    Ratios 9M/2022  9M/2021  2021  2020 
    Current Ratio (X) 4.75 3.92 3.43 3.77
    ROE (%) 13.79 15.07 13.57 13.31
    ROA (%) 14.20 15.42 13.74 13.24
    D/E (X) 0.16 0.18 0.22 0.19
    Total Asset Turnover (X) 0.90 0.82 0.84 0.71
    Gross Profit Margin (%) 16.63 20.95 19.93 23.31
    EBIT Margin (%) 17.12 18.10 16.38 18.61
    Net Profit Margin (%) 14.33 14.89 13.42 15.43

    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/2022  9M/2021  2021  2020 
    Sales Growth 11.78 28.04 28.59 -2.63
    COGs Growth 17.89 28.11 34.27 -8.83
    Total Revenue Growth 12.14 27.84 28.42 -2.71
    Total Expense Growth 16.52 27.56 33.14 -8.16
    Net Profit Growth 7.88 29.70 11.70 47.98

    Annualized
    Cash Cycle 9M/2022  9M/2021  2021  2020 
    A/R Turnover (Times) 6.09 5.57 5.32 4.99
    Avg. Collection Period (Days) 59.91 65.52 68.64 73.14
    Inventory Turnover (Times) 3.21 3.21 3.65 3.71
    Avg. Inventory Period (Days) 113.70 113.76 100.12 98.47
    A/P Turnover (Times) 6.84 5.12 5.06 4.40
    Avg. Payment Period (Days) 53.33 71.27 72.08 82.98
    Cash Cycle (Days) 120.28 108.01 96.68 88.63


    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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