Company Summary
KKC KULTHORN KIRBY PUBLIC COMPANY LIMITED
Industrials/Industrial Materials & Machinery
SET
CG Report:   
 
  Data as of 01 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
0.68 1.84 / 0.66 N/A 2.74 1,500.00 1,020.00 7,147.95 36.82 742.56
News
Date/Time Subject
01 Jun 2022 08:57   Implementation plan to resolve C sign caution
23 May 2022 13:13   Notification convening date of the Public Presentation
18 May 2022 08:38   Financial Performance Quarter 1 (F45) (Reviewed)
18 May 2022 08:05   Financial Statement Quarter 1/2022 (Reviewed)
18 May 2022 07:54   Financial Performance Yearly (F45) (Audited)
more

Company Profile
Address 126 Soi Chalong Krung 31, Chalong Krung Road, Khwaeng Lam Pla Thie, Khet Lat Krabang Bangkok 10520
Telephone 0-2326-0831, 0-2739-4893
Fax 0-2326-0837, 0-2739-4892
URL http://www.kulthorn.com
  Annual Report 2021
Establish Date 24/3/1980 Listed Date 01/03/1991
IPO Price (Baht) 150.00 @Par10.00 Baht
IPO Financial Advisory N/A
Par 1.00 Baht
Last Par Change Old 10.00 : New 1.00 @ 17/05/2004

Market/Industry/Sector Change
Effective Date 03/07/2006
Previous Market/Industry/Sector SET  / Technology / Electrical Products and Computer
Current Market/Industry/Sector SET  / Industrials / Industrial Materials & Machinery

Business
The Company is the manufacturer and seller of motor compressor, reciprocating type for refrigeration products i.e. refrigerators, freezers, water coolers, commercial refrigerators, and air conditioners by the advancement of the company's operation under the international management system.

Free Float 14 Mar 2022 12 Mar 2021
% /Shareholders
44.01% 3,569 41.62% 2,400
Foreign Shareholders 9.66% (As of 01/07/2022) Foreign Limit 49.00%
NVDR Shareholders  0.43% (As of 01/07/2022)
5 Yr Price Performance (Adjusted Price)
Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
5 Days -1.45 -0.76 -1.69
20 Days -15.00 -4.45 -10.28
60 Days -24.44 -18.09 -18.26
120 Days -37.61 -31.38 -34.24
YTD -37.61 -31.38 -34.24
P/E (X) N/A 24.44 18.51
P/BV (X) 2.74 2.45 1.65
Turnover Ratio (%) N/A 0.07 0.69

Top 10 Major Shareholders(@14 Mar 2022) Share %
1. บริษัท สิมะกุลธรโฮลดิ้ง จำกัด 540,753,065 36.05
2. HEATCRAFT SUBCO PTY LTD 65,255,000 4.35
3. STATE STREET EUROPE LIMITED 52,800,000 3.52
4. นาย สุเมธ สิมะกุลธร 51,880,306 3.46
5. น.ส. อุไร เข็มอำนาจ 50,104,332 3.34
6. FLG.OFF. SUPAKORN CHANTASASAWAT 43,349,618 2.89
7. MR. Sutas Simakulthorn 42,295,530 2.82
8. นาย สุรพร สิมะกุลธร 37,868,910 2.52
9. นาย อานนท์ สิมะกุลธร 35,771,048 2.38
10. น.ส. สุทธินี สิมะกุลธร 35,509,372 2.37

Management Position
1. Mr. SUTEE SIMAKULTHORN CHAIRMAN OF THE BOARD OF DIRECTORS
2. Mr. TITISAK SIMAKULTHORN PRESIDENT / DIRECTOR
3. Mr. KANOK SURIYASAT DIRECTOR
4. Mr. PRASAN TANPRASERT DIRECTOR
5. Mr. ABHIJIT SIMAKULTHORN DIRECTOR
6. Mr. PROMMARAT SIMAKULTHORN DIRECTOR
7. Mr. SUTAS SIMAKULTHORN DIRECTOR
8. Mr. TAWACHAI JALANAKARAN INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
9. VAdm. NARUEDOM SA-ARDYEN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
10. Mrs. BENJAWAN RATANAPRAYUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
11. Mr. SOMLAK JIAMTIRANAT INDEPENDENT DIRECTOR
Accumulated: Turnover Ratio, Value Trade/Day
Statistics YTD
01 Jul 2022		 2021
30 Dec 2021		 2020
30 Dec 2020
Listed share (M.) 1,500.00  1,500.00  1,500.00 
Market Cap (MB.) 1,020.00  1,635.00  900.00 
Price (B./share) 0.68  1.09  0.60 
BVPS (B./Share) 0.25  0.48  0.76 
P/BV (X) 2.74  2.28  0.79 
P/E (X) N/A  N/A  N/A 
Turnover Ratio (%) 3.03  141.07  3.82 
Value Trade/Day (MB.) 0.35  12.66  0.12 
Beta 1.37  1.32  0.26 
 
Rate of Return YTD  2021  2020 
Price Change (%) -37.61  81.67  -25.00 
Dividend Yield (%) N/A  N/A  N/A 
Payout Ratio N/A  N/A  N/A 
Dividend Policy To approximately 60% of the net profit after tax in the separate financial statement

Dividend
Operation Period Dividend/Share Unit Payment Date Type
No Information Found
 
Auditor
(Effective Until 31/12/2022)
MISS SIRIWAN SURATEPIN/EY OFFICE LIMITED
MRS. SARINDA HIRUNPRASURTWUTTI/EY OFFICE LIMITED
Miss NATTEERA PONGPINITPINYO/EY OFFICE LIMITED
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 14.83 43.18 19.31 28.86 137.92
A/R Net 1,094.16 1,235.25 1,062.21 1,095.84 976.92
Inventories 1,413.80 1,367.09 1,565.87 1,239.34 1,573.59
Current Assets 2,665.53 2,765.83 2,788.56 2,495.22 2,771.86
PP&E Net 3,678.82 3,999.09 3,766.78 4,047.32 3,177.22
Non-Current Assets 3,850.01 4,184.36 3,933.14 4,237.86 3,490.88
Total Assets 6,515.54 6,950.19 6,721.70 6,733.08 6,262.74
OD 3,774.07 3,586.45 3,670.90 3,550.85 3,485.58
A/P Net 913.70 955.44 1,095.92 751.51 616.78
Current portion of LT 117.50 110.00 420.00 400.00 1,075.30
Current Liabilities 4,855.49 4,697.83 5,235.41 4,747.47 5,225.80
Non-Current Liabilities 1,287.29 1,303.28 984.67 994.51 297.89
Total Liabilities 6,142.77 6,001.11 6,220.08 5,741.98 5,523.69
Authorized Capital 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
Paid-Up Capital 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
Premium (Discount) on Share Capital 700.00 700.00 700.00 700.00 700.00
Retained Earnings (Deficit) -2,895.68 -2,347.80 -2,793.84 -2,311.90 -1,674.37
Treasury Stock - - - - -
Shares Of The Company Held By Subsidiaries - - - - -
Other Components Of Equity 1,068.45 1,096.88 1,095.46 1,103.00 213.41
 - Surplus (Deficits) 207.90 207.90 207.90 207.90 207.90
Shareholders' Equity 372.77 949.08 501.62 991.10 739.05
Minority Interest - - - - -
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 1,834.99 1,670.99 6,672.66 5,580.11 5,939.98
Other Income 0.49 6.01 41.70 19.36 14.25
Total Revenues 1,835.48 1,677.01 6,714.41 5,599.55 5,954.48
Costs 1,823.68 1,559.95 6,515.85 5,406.29 6,148.50
Selling And Administrative Expenses 114.18 105.57 492.86 535.90 690.75
Total Cost And Expenses 1,937.86 1,665.52 7,008.71 6,008.13 6,839.25
EBITDA 36.82 101.33 74.13 -56.40 -514.57
Depre. & Amor. 97.04 98.74 403.46 372.67 363.12
EBIT -60.21 2.59 -329.33 -429.07 -877.69
Net Profit : Owners Of The Parent -105.39 -41.56 -521.32 -638.20 -1,123.73
EPS (B.) -0.07 -0.03 -0.35 -0.43 -0.88
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 -72.00 22.85 -32.14 89.90 220.57
Investing Cash Flow -3.34 -36.65 -84.38 -465.27 -523.85
Financing Cash Flow 94.16 34.44 121.93 275.91 324.94
Net Cash Flow 18.82 20.63 5.40 -99.46 21.66
more
Annualized: ROE, ROA
Ratios 3M/2022  3M/2021  2021  2020 
Current Ratio (X) 0.55 0.59 0.53 0.53
ROE (%) -88.53 -68.35 -69.85 -73.77
ROA (%) -5.82 -5.01 -4.90 -6.60
D/E (X) 16.48 6.32 12.40 5.79
Total Asset Turnover (X) 1.02 0.87 1.00 0.86
Gross Profit Margin (%) 0.62 6.64 2.35 3.11
EBIT Margin (%) -3.28 0.15 -4.90 -7.66
Net Profit Margin (%) -5.74 -2.48 -7.76 -11.40

Information only PP, PO, XR and XD
Capital Movement (Last 3 Year)
Date CA Type Changed paid up share Paid up share Par
20 Sep 2019 XR 300,000,000 1,500,000,000 1.00

Growth Rate (%) 3M/2022  3M/2021  2021  2020 
Sales Growth 9.81 10.43 19.58 -6.06
COGs Growth 16.91 7.78 20.52 -12.07
Total Revenue Growth 9.45 10.50 19.91 -5.96
Total Expense Growth 16.35 4.65 16.65 -12.15
Net Profit Growth N/A N/A N/A N/A

Annualized
Cash Cycle 3M/2022  3M/2021  2021  2020 
A/R Turnover (Times) 5.87 4.75 6.18 5.38
Avg. Collection Period (Days) 62.18 76.83 59.02 67.79
Inventory Turnover (Times) 4.88 3.91 4.65 3.84
Avg. Inventory Period (Days) 74.86 93.32 78.57 94.96
A/P Turnover (Times) 7.25 6.33 7.05 7.90
Avg. Payment Period (Days) 50.32 57.70 51.74 46.19
Cash Cycle (Days) 86.73 112.45 85.85 116.56


Trading Sign (Latest)
Trading Alert Posted Date Lifted Date
C 12 Nov 2021 -

Market Alert (Latest)
Market Surveillance Measures List 25 Oct 2021 - 03 Dec 2021
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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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