Company Summary
SOLAR SOLARTRON PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET
CG Report:   
 
  Data as of 06 Oct 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
1.11 2.30 / 0.97 N/A 2.01 1,088.25 1,207.96 2,502.54 5.59 -38.82
News
Date/Time Subject
15 Aug 2022 20:48   Financial Statement Quarter 2/2022 (Reviewed)
15 Aug 2022 20:48   Financial Performance Quarter 2 (F45) (Reviewed)
15 Aug 2022 20:48   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2022
27 Jul 2022 13:05   Report on the Utilization of Proceeds from Capital Increase
20 Jul 2022 08:19   New shares of SOLAR to be traded on July 21, 2022
more

Company Profile
Address No. 1000/65-67 P.B. Tower 16th Floor, Sukhumvit 71 Road, North Klongtan, Wattana Bangkok 10110
Telephone 0-2392-0224
Fax 0-2381-0936, 0-2381-2971
URL http://www.solartron.co.th
  Annual Report 2021
Establish Date 12/11/1986 Listed Date 30/03/2005
IPO Price (Baht) 8.00 @Par1.00 Baht
IPO Financial Advisory
  • GLOBLEX ADVISORY CO., LTD.
    		•
    Par 1.00 Baht
    Last Par Change N/A

    Business
    The company provides a wide range of solar modules and a balance of systems for solar electricity application. It also provides nationwide installation services including export.

    Free Float 05 Apr 2022 02 Apr 2021
    % /Shareholders
    75.76% 10,591 63.03% 6,332
    Foreign Shareholders 0.50% (As of 06/10/2022) Foreign Limit 49.00%
    NVDR Shareholders  3.91% (As of 06/10/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 4.72 4.67 4.93
    20 Days -5.13 0.51 -2.46
    60 Days 8.82 5.57 5.58
    120 Days -13.28 -10.52 -7.17
    YTD -26.00 -25.18 -22.81
    P/E (X) N/A 11.22 17.54
    P/BV (X) 2.01 1.41 1.59
    Turnover Ratio (%) 0.48 0.33 0.80

    Top 10 Shareholders(@05 Apr 2022) Share %
    1. น.ส. ปุณฑรีก์ อิศรางกูร ณ อยุธยา 139,520,000 12.82
    2. MR. PHAIVONG TAECHANARONG 95,624,086 8.79
    3. บริษัท Thai NVDR Company Limited 35,314,416 3.25
    4. MR. PUPAA TAECHANARONG 29,997,132 2.76
    5. MR. SUSITAK ACHARIYASOMBAT 20,551,300 1.89
    6. น.ส. WARANGKANA TECHAIYA 17,900,000 1.64
    7. MR. SANGCHAI APICHATTHANAPATH 16,617,200 1.53
    8. MRS. SIRIKORN TECHANITISAWAD 14,000,000 1.29
    9. MR. Somsak Cheancharadpong 12,000,000 1.10
    10. MR. Songkarn Taechanarong 10,130,900 0.93

    Management Position
    1. GEN. PUDIT TATTIYACHOT CHAIRMAN OF DIRECTORS / INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    2. Mrs. PATAMA WONGTOYTHONG CHAIRMAN OF EXECUTIVE DIRECTOR / DEPUTY CHAIRMAN OF DIRECTOR
    3. Mr. WAIWIT UDAYACHALERM CHIEF EXECUTIVE OFFICER / DIRECTOR
    4. Mr. PUPAA TAECHANARONG DIRECTOR
    5. Mr. NUTTAPONG PATRATHIRANOND DIRECTOR
    6. Pol.Lt.Gen. SARIDCHAI ANAKEVIENG INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    7. Mr. VIPON VORASOWHARID INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    06 Oct 2022    		 2021
    30 Dec 2021    		 2020
    30 Dec 2020
    Listed share (M.) 1,088.25  544.12  544.12 
    Market Cap (MB.) 1,207.96  816.19  642.07 
    Price (B./share) 1.11  1.50  0.80 
    BVPS (B./Share) 0.55  0.29  1.45 
    P/BV (X) 2.01  7.10  0.81 
    P/E (X) N/A  N/A  N/A 
    Turnover Ratio (%) 347.02  675.34  87.95 
    Value Trade/Day (MB.) 25.14  30.67  2.09 
    Beta 1.87  1.22  0.91 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -26.00  88.02  -23.38 
    Dividend Yield (%) N/A  N/A  N/A 
    Payout Ratio N/A  N/A  N/A 
    Dividend Policy Not higher than 40 percent of its annual net profit shown in the Company's separate financial statements after tax and deduction of statutory reserves as well as other reserves (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    No Information Found
     
    Auditor
    (Effective Until 31/12/2022)
    MISS CHAOVANA VIWAPANACHATI/OFFICE OF PITISEVI COMPANY LIMITED
    MISS WANPEN AUNRUEN/OFFICE OF PITISEVI COMPANY LIMITED
    MISS PORNTIP AMORNCHAILERTPATTANA/OFFICE OF PITISEVI COMPANY LIMITED
    Ms. NUNTHIRA KHUNNGAM/OFFICE OF PITISEVI COMPANY LIMITED
    		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 Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 30.97 32.76 81.27 21.51 30.59
    A/R Net 54.10 107.15 49.89 108.24 148.62
    Inventories 20.89 50.67 17.90 60.52 98.23
    Current Assets 389.26 206.99 527.66 206.24 297.19
    PP&E Net 1,338.12 1,465.95 1,400.46 1,535.61 2,065.65
    Non-Current Assets 1,536.69 1,646.62 1,587.29 1,715.58 2,176.15
    Total Assets 1,925.95 1,853.61 2,114.95 1,921.81 2,473.34
    OD 41.58 93.42 39.99 91.93 109.03
    A/P Net 169.22 201.17 240.40 196.83 197.97
    Current portion of LT 36.43 48.04 36.27 84.82 80.94
    Current Liabilities 566.78 733.56 644.97 692.20 656.05
    Non-Current Liabilities 676.03 731.36 700.36 727.44 775.25
    Total Liabilities 1,242.82 1,464.92 1,345.33 1,419.64 1,431.30
    Authorized Capital 1,360.31 544.12 1,360.31 544.12 870.60
    Paid-Up Capital 1,088.25 544.12 1,088.25 544.12 544.12
    Premium (Discount) on Share Capital 1,218.76 1,218.76 1,218.76 1,218.76 1,218.76
    Retained Earnings (Deficit) -1,943.04 -1,693.64 -1,856.23 -1,578.70 -1,040.77
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity 236.42 236.42 236.42 236.42 236.42
     - Surplus (Deficits) - - - - -
    Shareholders' Equity 600.39 305.67 687.20 420.61 958.55
    Minority Interest 82.74 83.02 82.42 81.56 83.50
    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 Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 139.88 98.72 177.37 279.29 416.48
    Other Income 12.38 1.71 4.71 12.88 14.32
    Total Revenues 152.26 100.43 182.08 292.17 430.81
    Costs 118.33 80.22 169.98 225.46 643.41
    Selling And Administrative Expenses 44.09 45.84 122.97 83.20 121.65
    Total Cost And Expenses 212.99 189.09 408.69 825.69 765.06
    EBITDA 5.59 -16.35 -86.39 -361.61 -159.24
    Depre. & Amor. 66.32 72.31 140.21 171.91 175.69
    EBIT -60.74 -88.65 -226.60 -533.52 -334.93
    Net Profit : Owners Of The Parent -86.81 -114.94 -282.87 -540.87 -435.36
    EPS (B.) -0.08 -0.21 -0.51 -0.99 -0.80
    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 Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow -90.12 10.57 34.13 40.23 83.35
    Investing Cash Flow 72.07 4.94 -344.97 8.67 -25.67
    Financing Cash Flow -32.25 -4.26 370.60 -57.98 -50.31
    Net Cash Flow -50.30 11.25 59.76 -9.08 7.37
    more
    Annualized: ROE, ROA
    Ratios 6M/2022  6M/2021  2021  2020 
    Current Ratio (X) 0.69 0.28 0.82 0.30
    ROE (%) -56.23 -93.09 -51.07 -78.43
    ROA (%) -10.51 -25.13 -11.23 -24.28
    D/E (X) 1.82 3.77 1.75 2.83
    Total Asset Turnover (X) 0.12 0.13 0.09 0.13
    Gross Profit Margin (%) -20.75 -45.10 -61.09 19.27
    EBIT Margin (%) -39.89 -88.27 -124.45 -182.61
    Net Profit Margin (%) -56.81 -112.99 -154.88 -185.79

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    17 Dec 2021 XR 544,124,723 1,088,249,446 1.00

    Growth Rate (%) 6M/2022  6M/2021  2021  2020 
    Sales Growth 41.69 -12.51 -36.49 -32.94
    COGs Growth 17.91 -15.86 26.73 -64.96
    Total Revenue Growth 51.60 -13.65 -37.68 -32.18
    Total Expense Growth 12.64 -9.05 -50.50 7.93
    Net Profit Growth N/A N/A N/A N/A

    Annualized
    Cash Cycle 6M/2022  6M/2021  2021  2020 
    A/R Turnover (Times) 2.71 2.25 2.24 2.17
    Avg. Collection Period (Days) 134.67 162.22 162.71 167.85
    Inventory Turnover (Times) 8.70 2.93 7.29 2.84
    Avg. Inventory Period (Days) 41.94 124.53 50.09 128.50
    A/P Turnover (Times) 1.68 1.01 1.31 1.14
    Avg. Payment Period (Days) 217.09 361.95 279.28 319.57
    Cash Cycle (Days) -40.48 -75.20 -66.48 -23.22


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    C 17 Nov 2021 02 Mar 2022

    Market Alert (Latest)
    Market Surveillance Measures List 08 Jun 2022 - 28 Jun 2022
    more

    Only Preferred Share and Warrants
    Other Securities
    Securities Name SOLAR-W1, SOLAR-W1-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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