Company Summary
SFT SHRINKFLEX (THAILAND) PUBLIC COMPANY LIMITED
Industrial/
mai
CG Report:   
 
  Data as of 11 Aug 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
4.86 8.45 / 4.60 24.86 2.92 220.00 2,138.40 2,280.84 79.37 13.61
News
Date/Time Subject
09 Aug 2022 08:31   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2022
09 Aug 2022 08:30   Financial Statement Quarter 2/2022 (Reviewed)
09 Aug 2022 08:30   Financial Performance Quarter 2 (F45) (Reviewed)
22 Jul 2022 13:21   Report on the utilization of the increased capital from the initial public offering (IPO)
10 May 2022 06:31   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
more

Company Profile
Address 68/2-5 Moo 5 Bang Samak, Bang Pakiong District Chacherngsao 24130
Telephone 0-3853-8832
Fax 0-3884-2032
URL http://www.shrinkflexthailand.com
Establish Date - Listed Date 29/10/2020
IPO Price (Baht) 3.80 @Par0.50 Baht
IPO Financial Advisory
  • RHB SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
  • Par 0.50 Baht
    Last Par Change N/A

    Business
    The Company operates 2 main businesses which are; (1) Manufacturer and distributor of shrink sleeve labels through gravure and digital printing systems (2) Other services including manufacturer of printing cylinders to support gravure printing system, SFT also has a team of graphic design, production and QC, warehousing management of the finished goods and delivery service.

    Free Float 14 Mar 2022 11 Mar 2021
    % /Shareholders
    29.25% 1,557 23.69% 1,259
    Foreign Shareholders 23.64% (As of 11/08/2022) Foreign Limit 49.00%
    NVDR Shareholders  0.37% (As of 11/08/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - 1.25 -0.23
    20 Days 2.97 -0.35 -3.35
    60 Days -3.76 2.91 -3.83
    120 Days -22.24 -9.37 -18.58
    YTD -31.06 -20.10 -34.32
    P/E (X) 24.86 21.66 52.04
    P/BV (X) 2.92 1.85 3.13
    Turnover Ratio (%) 0.02 1.06 0.58

    Top 10 Major Shareholders(@14 Mar 2022) Share %
    1. MR. Sung Cheong Tsoi 104,010,000 23.64
    2. น.ส. JURAIRAT PONGSORN 74,485,500 16.93
    3. นาง สุกัญญา ทอย 64,000,000 14.55
    4. MR. SMITH TSOI 32,000,000 7.27
    5. MRS. CHARUNEE CHINWONGVORAKUL 30,520,300 6.94
    6. น.ส. วศินี ปิยะตรึงส์ 16,800,000 3.82
    7. MR. KITTI PIYATRUENG 16,800,000 3.82
    8. MISS SIRIPORN PIYATRUENG 16,799,900 3.82
    9. MISS KANOKWAN PALAPHAN 7,558,700 1.72
    10. MISS PUANGPET PIYATRUNG 6,500,000 1.48

    Management Position
    1. Mr. KITSANA VACHEKRILAS CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    2. Mr. SUNG CHEONG TSOI CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. SMITH TSOI DIRECTOR
    4. Mr. KITTI PIYATRUENG DIRECTOR
    5. Miss VASINEE PIYATRUENG DIRECTOR
    6. Miss SANTHAYA KITTIKOWIT INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    7. Mr. SUTEE SATANASATHAPORN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    11 Aug 2022
    2021
    30 Dec 2021
    2020
    30 Dec 2020
    Listed share (M.) 440.00  440.00  440.00 
    Market Cap (MB.) 2,138.40  3,102.00  1,980.00 
    Price (B./share) 4.86  7.05  4.50 
    BVPS (B./Share) 1.67  1.65  N/A 
    P/BV (X) 2.92  4.28 
    P/E (X) 24.86  25.81  29.52 
    Turnover Ratio (%) 10.39  110.90  239.85 
    Value Trade/Day (MB.) 1.79  12.01  106.39 
    Beta 0.50  0.83 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -31.06  56.67  18.42 
    Dividend Yield (%) 2.09  1.01  N/A 
    Payout Ratio 0.52  0.26 
    Dividend Policy Not less than 30% of the net income after corporate income tax and all reserves specified by law (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2021 - 31 Dec 2021 0.1015 Baht 17 May 2022 Cash
    01 Jan 2020 - 31 Dec 2020 0.0711 Baht 25 May 2021 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MR. THANAWUT PIBOONSAWAT/DHARMNITI AUDITING CO., LTD.
    Miss POTJANARAT SIRIPIPAT/DHARMNITI AUDITING CO., LTD.
    Miss ROONGNAPHA SAENGCHAN/DHARMNITI AUDITING CO., LTD.
    Miss TECHINEE PORNPENPOB/DHARMNITI AUDITING CO., LTD.
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 6M/2022 
    (01/01/22 
    -30/06/22) 
    6M/2021 
    (01/01/21 
    -30/06/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Company Company Company Company Company
    Cash And Cash Equivalents 106.86 122.41 99.10 110.74 4.90
    A/R Net 197.86 190.26 172.24 149.48 101.21
    Inventories 248.08 159.16 216.96 115.78 124.16
    Current Assets 556.52 544.32 560.48 526.49 230.76
    PP&E Net 342.81 260.06 294.07 223.43 172.55
    Non-Current Assets 426.00 348.77 383.31 316.39 194.53
    Total Assets 982.52 893.10 943.79 842.88 425.29
    OD 14.39 - 8.04 3.15 41.04
    A/P Net 162.23 104.76 107.51 82.91 74.65
    Current portion of LT - 18.33 8.33 11.67 18.10
    Current Liabilities 189.68 139.97 140.37 114.55 140.84
    Non-Current Liabilities 59.61 61.06 65.40 70.58 56.38
    Total Liabilities 249.30 201.03 205.76 185.14 197.22
    Authorized Capital 220.00 220.00 220.00 220.00 100.00
    Paid-Up Capital 220.00 220.00 220.00 220.00 100.00
    Premium (Discount) on Share Capital 378.76 378.76 378.76 378.76 -
    Retained Earnings (Deficit) 134.47 93.31 139.27 58.99 128.07
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity - - - - -
     - Surplus (Deficits) - - - - -
    Shareholders' Equity 733.23 692.06 738.03 657.75 228.07
    Minority Interest - - - - -
    more
    Statement of Comprehensive Income (MB.) 6M/2022 
    (01/01/22 
    -30/06/22) 
    6M/2021 
    (01/01/21 
    -30/06/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Company Company Company Company Company
    Revenue From Operations 420.70 404.56 793.56 677.25 585.18
    Other Income 4.08 8.93 3.16 0.93 1.21
    Total Revenues 424.78 413.48 796.72 678.18 586.40
    Costs 318.68 281.30 568.10 479.39 429.51
    Selling And Administrative Expenses 53.78 47.65 97.94 88.51 78.99
    Total Cost And Expenses 372.46 328.95 666.04 567.90 508.51
    EBITDA 79.37 108.09 196.36 155.34 111.38
    Depre. & Amor. 27.04 23.55 50.91 45.06 33.49
    EBIT 52.32 84.53 145.45 110.28 77.89
    Net Profit : Owners Of The Parent 39.86 65.60 111.75 78.18 56.90
    EPS (B.) 0.09 0.15 0.25 0.27 6.07
    more
    Statement of Cash Flow (MB.) 6M/2022 
    (01/01/22 
    -30/06/22) 
    6M/2021 
    (01/01/21 
    -30/06/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Company Company Company Company Company
    Operating Cash Flow 46.95 36.97 76.52 123.85 66.49
    Investing Cash Flow 16.80 19.79 -32.01 -260.35 -57.44
    Financing Cash Flow -55.99 -45.09 -56.14 242.34 -14.13
    Net Cash Flow 7.75 11.67 -11.63 105.84 -5.08
    more
    Annualized: ROE, ROA
    Ratios 6M/2022  6M/2021  2021  2020 
    Current Ratio (X) 2.93 3.89 3.99 4.60
    ROE (%) 12.07 24.10 16.01 17.65
    ROA (%) 12.07 20.33 16.28 17.39
    D/E (X) 0.34 0.29 0.28 0.28
    Total Asset Turnover (X) 0.86 1.07 0.89 1.07
    Gross Profit Margin (%) 24.25 30.47 28.41 29.22
    EBIT Margin (%) 12.32 20.44 18.26 16.26
    Net Profit Margin (%) 9.38 15.87 14.03 11.53

    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 (%) 6M/2022  6M/2021  2021  2020 
    Sales Growth 3.99 23.36 17.17 15.73
    COGs Growth 13.29 19.10 18.51 11.61
    Total Revenue Growth 2.73 25.12 17.48 15.65
    Total Expense Growth 13.23 17.13 17.28 11.68
    Net Profit Growth -39.24 87.62 42.94 37.40

    Annualized
    Cash Cycle 6M/2022  6M/2021  2021  2020 
    A/R Turnover (Times) 4.17 4.87 4.93 5.40
    Avg. Collection Period (Days) 87.48 74.93 73.99 67.55
    Inventory Turnover (Times) 2.97 3.74 3.41 4.00
    Avg. Inventory Period (Days) 122.75 97.55 106.89 91.34
    A/P Turnover (Times) 4.54 4.73 5.97 6.09
    Avg. Payment Period (Days) 80.47 77.21 61.17 59.98
    Cash Cycle (Days) 129.75 95.27 119.71 98.91


    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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