Company Summary
STARK STARK CORPORATION PUBLIC COMPANY LIMITED
Industrials/Industrial Materials & Machinery
SET100
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
4.30 5.45 / 3.90 17.56 7.25 11,906.40 51,197.54 84,662.45 1,166.36 16.24
News
Date/Time Subject
11 Aug 2022 20:19   Financial Performance Quarter 2 (F45) (Reviewed)
11 Aug 2022 20:19   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2022
11 Aug 2022 20:17   Financial Statement Quarter 2/2022 (Reviewed)
05 Aug 2022 06:38   Notification of the resolution of the BODs Meeting No. 5/2022 : the increase of registered capital for the allocation of newly issued ordinary shares (PP), the amendment of the EGM Date No. 1/2022, the Record Date and the agenda (Amendment No. 1)
01 Aug 2022 07:57   Notification of the resolution of the BODs Meeting No. 5/2022 : the increase of registered capital for the allocation of newly issued ordinary shares (Private Placement), the amendment of the EGM Date No. 1/2022, the Record Date and the agenda
more

Company Profile
Address 518/5 Maneeya Building Center, 16th Floor, Ploenchit Rd., Lumpinee, Pathumwan Bangkok 10330
Telephone 0-2680-5800
Fax -
URL http://www.starkcorporation.com
  Annual Report 2021
Establish Date 06/1990 Listed Date 22/03/2005
IPO Price (Baht) 2.65 @Par1.00 Baht
IPO Financial Advisory
  • MAYBANK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
    		•
    Par 1.00 Baht
    Last Par Change Old 0.50 : New 1.00 @ 29/12/2020

    Market/Industry/Sector Change
    Effective Date 25/07/2019
    Previous Market/Industry/Sector SET  / Services / Media & Publishing
    Current Market/Industry/Sector SET  / Industrials / Industrial Materials & Machinery

    Business
    A holding company which subsidiary companies are major wire and cable manufacturers with over 50 years of experience in the industry. In addition to wire and cable business, STARK operates logistics business.

    Free Float 04 Apr 2022 05 Apr 2021
    % /Shareholders
    28.84% 9,613 28.84% 21,128
    Foreign Shareholders 48.35% (As of 11/08/2022) Foreign Limit 49.00%
    NVDR Shareholders  2.56% (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 -0.92 -0.21 -2.36
    20 Days 3.37 0.26 -0.77
    60 Days -6.11 0.43 -6.63
    120 Days -0.46 1.62 4.26
    YTD -9.28 -0.52 -7.31
    P/E (X) 17.56 23.41 18.39
    P/BV (X) 7.25 2.45 1.70
    Turnover Ratio (%) 0.05 0.07 0.93

    Top 10 Major Shareholders(@04 Apr 2022) Share %
    1. นาย วนรัชต์ ตั้งคารวคุณ 5,796,750,000 48.69
    2. Stark Investment Corporation Limited 2,500,000,000 21.00
    3. บริษัท Thai NVDR Company Limited 341,293,456 2.87
    4. กองทุนเปิด บัวหลวงหุ้นระยะยาว 284,325,800 2.39
    5. นาย ณัฐภัทร ศุภนันตฤกษ์ 236,177,719 1.98
    6. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 200,545,000 1.68
    7. MR. Vonnarat Tangkaravakoon 175,000,000 1.47
    8. นาย นเรศ งามอภิชน 153,000,000 1.29
    9. กองทุนเปิด บัวหลวงเฟล็กซิเบิ้ลเพื่อการเลี้ยงชีพ 101,597,200 0.85
    10. N.C.B.TRUST LIMITED-NORGES BANK 33 94,570,100 0.79

    Management Position
    1. Mr. CHANIN YENSUDCHAI CHAIRMAN OF THE BOARD OF DIRECTORS
    2. Mr. PRAKORN MAKJUMROEN CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. VONNARAT TANGKARAVAKOON DIRECTOR
    4. Mr. CHINAWAT ASSAVAPOKEE DIRECTOR
    5. Mr. SATHAR CHANTRASETTALEAD DIRECTOR
    6. Mr. NIROUTH JEAKVATHANYOO DIRECTOR
    7. Mr. SONGPOPE POLACHAN INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    8. Mr. KUSOL SANGKANANTA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    9. Mr. NITI JUNGNITNIRUNDR 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.) 11,906.40  11,906.40  11,906.40 
    Market Cap (MB.) 51,197.54  56,436.36  50,721.29 
    Price (B./share) 4.30  4.74  4.26 
    BVPS (B./Share) 0.59  0.49  0.28 
    P/BV (X) 7.25  9.72  15.18 
    P/E (X) 17.56  24.33  41.03 
    Turnover Ratio (%) 36.20  169.41  71.97 
    Value Trade/Day (MB.) 134.56  369.84  139.60 
    Beta 0.90  0.96  0.37 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -9.28  11.27  0.47 
    Dividend Yield (%) N/A  N/A  N/A 
    Payout Ratio -  -  - 
    Dividend Policy Not less than 50 percent of its net profits based on the Company?s separate financial statements after tax and statutory reserve as required by law, other reserves (if any) (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    No Information Found
     
    Auditor
    (Effective Until 31/12/2022)
    MR. PISIT THANGTANAGUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    Ms. NUNTIKA LIMVIRIYALERS/PRICEWATERHOUSE COOPERS ABAS LIMITED
    Ms. THITINUN WAENKAEW/PRICEWATERHOUSE COOPERS ABAS LIMITED
    		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 647.01 670.50 1,029.48 1,156.03 1,431.14
    A/R Net 14,714.54 7,092.54 15,570.82 6,041.75 3,464.59
    Inventories 12,998.75 10,359.13 10,486.81 8,618.00 3,671.42
    Current Assets 29,863.93 18,754.32 27,961.64 16,330.92 8,707.07
    PP&E Net 4,398.44 4,487.22 4,413.32 4,212.54 2,603.58
    Non-Current Assets 11,307.78 11,165.59 11,180.47 10,985.57 3,947.62
    Total Assets 41,171.71 29,919.91 39,142.11 27,316.49 12,654.69
    OD 5,199.38 2,270.88 3,443.80 7,107.24 1,706.30
    A/P Net 18,094.90 12,989.06 17,092.54 10,247.60 4,840.80
    Current portion of LT 1,789.28 1,604.76 1,711.43 1,056.84 666.27
    Current Liabilities 25,653.86 17,977.32 23,548.24 19,649.17 8,137.51
    Non-Current Liabilities 8,359.50 7,747.51 9,002.61 3,903.60 2,203.82
    Total Liabilities 34,013.36 25,724.83 32,550.85 23,552.77 10,341.33
    Authorized Capital 15,875.21 15,875.21 15,875.21 15,875.21 14,332.76
    Paid-Up Capital 11,906.40 11,906.40 11,906.40 11,906.40 14,049.56
    Premium (Discount) on Share Capital - - - - -1,711.14
    Retained Earnings (Deficit) 6,203.04 3,285.29 5,633.25 2,935.11 964.68
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -11,049.65 -11,054.87 -11,035.04 -11,133.01 -11,035.37
     - Surplus (Deficits) -493.20 -493.20 -493.20 -493.20 -493.20
    Shareholders' Equity 7,059.79 4,136.82 6,504.61 3,708.50 2,267.72
    Minority Interest 98.56 58.26 86.64 55.22 45.64
    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 6,176.01 4,655.34 27,093.66 16,858.04 11,528.85
    Other Income 1.59 5.44 13.80 40.61 10.19
    Total Revenues 6,183.89 4,665.13 27,129.64 16,917.68 11,607.71
    Costs 4,991.71 3,603.07 21,700.29 13,869.41 10,102.65
    Selling And Administrative Expenses 338.28 260.18 1,128.99 865.59 607.44
    Total Cost And Expenses 5,327.60 3,851.57 22,655.37 14,720.23 10,872.54
    EBITDA 1,166.36 857.35 4,902.65 3,055.03 1,083.15
    Depre. & Amor. 108.24 98.40 430.32 357.43 192.77
    EBIT 1,058.11 758.95 4,472.32 2,697.60 890.38
    Net Profit : Owners Of The Parent 569.79 438.08 2,783.11 1,608.66 123.92
    EPS (B.) 0.05 0.04 0.23 0.14 0.01
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    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 -852.47 372.44 -1,225.48 3,003.56 676.10
    Investing Cash Flow -141.14 -172.21 -406.02 -6,531.81 -620.13
    Financing Cash Flow 619.34 -700.95 1,560.92 3,272.85 720.07
    Net Cash Flow -374.27 -500.72 -70.59 -255.40 776.04
    more
    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 1.16 1.04 1.19 0.83
    ROE (%) 52.07 54.18 54.50 53.84
    ROA (%) 13.42 11.74 13.46 13.50
    D/E (X) 4.75 6.13 4.94 6.26
    Total Asset Turnover (X) 0.81 0.72 0.82 0.85
    Gross Profit Margin (%) 19.18 22.60 19.91 17.73
    EBIT Margin (%) 17.11 16.27 16.49 15.95
    Net Profit Margin (%) 9.41 9.46 10.30 9.57

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    21 Dec 2020 PP 1 23,812,809,912 0.50
    27 Sep 2019 XR 1,322,932,240 23,812,809,911 1.00
    09 Jul 2019 PP 666,666,666 22,489,877,671 1.00
    09 Jul 2019 PP 21,500,000,000 21,823,211,005 1.00

    Growth Rate (%) 3M/2022  3M/2021  2021  2020 
    Sales Growth 32.66 54.07 60.72 46.22
    COGs Growth 38.54 40.21 56.46 37.28
    Total Revenue Growth 32.56 54.13 60.36 45.75
    Total Expense Growth 38.32 41.71 53.91 35.39
    Net Profit Growth 30.07 67.89 73.01 1,198.11

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 2.62 3.17 2.51 3.55
    Avg. Collection Period (Days) 139.08 115.27 145.58 102.91
    Inventory Turnover (Times) 1.98 2.04 2.27 2.26
    Avg. Inventory Period (Days) 184.63 178.97 160.67 161.71
    A/P Turnover (Times) 1.49 1.70 1.59 1.84
    Avg. Payment Period (Days) 245.69 214.77 229.93 198.54
    Cash Cycle (Days) 78.02 79.48 76.32 66.08


    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 STARK-W1, STARK-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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