Company Summary
TASCO TIPCO ASPHALT PUBLIC COMPANY LIMITED
Property & Construction/Construction Materials
SET100 / SETCLMV / SETHD
CG Report:   
 
  Data as of 15 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
16.50 20.10 / 15.50 15.03 1.79 1,578.36 26,042.97 35,653.18 1,657.19 9.46
News
Date/Time Subject
10 Aug 2022 17:03   Resolution of the Board of Directors Meeting No. 5/2022 regarding the appointment of new member of the Board of Directors, the appointment of new authorized director, and the amendment of the Company's Affidavit
10 Aug 2022 17:03   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2022
10 Aug 2022 17:02   Financial Statement Quarter 2/2022 (Reviewed)
10 Aug 2022 17:02   Financial Performance Quarter 2 (F45) (Reviewed)
10 Jun 2022 13:22   Disposal of investments in a subsidiary
more

Company Profile
Address 118/1 RAMA VI ROAD, PHAYA THAI SUB-DISTRICT, PHAYA THAI DISTRICT Bangkok 10400
Telephone 0-2273-6000
Fax 0-2273-6030
URL http://www.tipcoasphalt.com
  Annual Report 2021
Establish Date 15/6/1979 Listed Date 01/03/1991
IPO Price (Baht) 65.00 @Par10.00 Baht
IPO Financial Advisory
  • PRIME FINANCE & SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change Old 10.00 : New 1.00 @ 22/04/2015

    Business
    Tipco Asphalt Public Company Limited ("the Company") was established in 1979. The Company, its subsidiaries, joint ventures and associated companies ("the Group") are leading manufacturers and distributors of asphalt products for repairing, maintaining and constructing road pavements, highways and airport runways in Thailand and Asia-Pacific region. Its asphalt products are sold to importers and road contractors in Africa, Australia and North America as well.

    Free Float 03 Mar 2022 03 Mar 2021
    % /Shareholders
    39.98% 28,676 39.69% 22,633
    Foreign Shareholders 35.31% (As of 15/08/2022) Foreign Limit 39.00%
    NVDR Shareholders  3.70% (As of 15/08/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.20 -1.03 -2.67
    20 Days 1.23 0.74 -4.50
    60 Days 4.43 2.02 1.80
    120 Days -8.33 -1.58 -4.04
    YTD -8.84 -2.38 -7.02
    P/E (X) 15.03 12.66 17.94
    P/BV (X) 1.79 1.26 1.63
    Turnover Ratio (%) 0.16 0.15 0.80

    Top 10 Major Shareholders(@03 Mar 2022) Share %
    1. BNP PARIBAS SECURITIES (ASIA) LTD-FOR COLAS 490,731,040 31.09
    2. TIPCO FOODS PUBLIC COMPANY LIMITED 369,881,660 23.43
    3. บริษัท Thai NVDR Company Limited 68,836,998 4.36
    4. นาย สมจิตต์ เศรษฐิน 31,000,000 1.96
    5. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 25,252,828 1.60
    6. น.ส. รวมสิน ทรัพย์สาคร 20,000,000 1.27
    7. นาย SITTILARP SUBSAKON 17,250,000 1.09
    8. STATE STREET TRUST COMPANY CANADA 14,596,600 0.92
    9. น.ส. ลักษณา ทรัพย์สาคร 13,860,000 0.88
    10. นาย พิชิต เลิศตำหรับ 10,400,000 0.66

    Management Position
    1. Mr. CHAINOI PUANKOSOOM CHAIRMAN OF BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. KOH BAN HENG VICE CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    3. Mr. CHAIWAT SRIVALWAT CHIEF EXECUTIVE OFFICER / DIRECTOR
    4. Mr. SOMCHIT SERTTHIN DIRECTOR
    5. Mr. JACQUES MARCEL PASTOR DIRECTOR
    6. Mr. FREDERIC JEAN PIERRE GARDES DIRECTOR
    7. Miss LAKSANA SUPSAKORN DIRECTOR
    8. Mr. FREDERIC JACQUES MAURICE ROUSSEL DIRECTOR
    9. Mr. NIPHON SUTHIMAI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. NOPPORN THEPSITHAR INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. MR. PHIRASILP SUBHAPHOLSIRI INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    12. Mr. JEAN MARIE VERBRUGGHE INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    15 Aug 2022
    2021
    30 Dec 2021
    2020
    30 Dec 2020
    Listed share (M.) 1,578.36  1,578.36  1,578.36 
    Market Cap (MB.) 26,042.97  28,568.34  27,621.33 
    Price (B./share) 16.50  18.10  17.50 
    BVPS (B./Share) 9.24  9.52  9.21 
    P/BV (X) 1.79  1.90  1.90 
    P/E (X) 15.03  11.60  8.03 
    Turnover Ratio (%) 39.09  251.65  393.53 
    Value Trade/Day (MB.) 71.96  330.41  489.12 
    Beta 0.71  0.50  0.82 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -8.84  3.43  -17.45 
    Dividend Yield (%) 6.36  8.84  8.56 
    Payout Ratio 0.96  0.99  0.64 
    Dividend Policy Not less than 60 per cent of consolidated financial statement's net profit of each fiscal year. However the actual dividend payment depends on cash flow, investment plan of the company (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jul 2021 - 31 Dec 2021 0.80 Baht 28 Apr 2022 Cash
    01 Jan 2021 - 30 Jun 2021 0.25 Baht 09 Sep 2021 Cash
    01 Oct 2020 - 31 Dec 2020 1.00 Baht 28 Apr 2021 Cash
    01 Jul 2020 - 30 Sep 2020 0.30 Baht 09 Feb 2021 Cash
    01 Jan 2020 - 30 Jun 2020 0.30 Baht 11 Sep 2020 Cash
    01 Jan 2019 - 31 Dec 2019 1.10 Baht 24 Apr 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.40 Baht 06 Sep 2019 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MISS SIRAPORN OUAANUNKUN/EY OFFICE LIMITED
    Mr. NATTHAWUT SANTIPET/EY OFFICE LIMITED
    MiSS KRONGKAEW LIMKITTIKUL/EY OFFICE 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 2,137.28 2,882.85 1,540.62 1,887.76 1,999.42
    A/R Net 5,343.02 4,746.10 4,236.72 3,352.41 5,234.00
    Inventories 6,423.66 6,072.53 6,370.55 5,382.85 7,466.94
    Current Assets 15,908.13 15,157.53 14,329.98 11,114.15 15,162.31
    PP&E Net 8,191.04 8,488.79 8,250.20 8,715.00 8,572.80
    Non-Current Assets 10,425.78 10,701.38 10,470.92 10,220.31 10,099.59
    Total Assets 26,333.91 25,858.92 24,800.90 21,334.46 25,261.90
    OD 4,884.18 5,663.32 3,415.91 1,540.41 4,013.13
    A/P Net 3,500.55 3,196.99 3,107.03 3,031.60 6,316.11
    Current portion of LT - 17.72 - 36.55 37.61
    Current Liabilities 10,192.64 10,321.81 7,900.09 5,918.44 11,472.51
    Non-Current Liabilities 998.50 519.67 963.53 395.37 210.74
    Total Liabilities 11,191.14 10,841.48 8,863.62 6,313.82 11,683.24
    Authorized Capital 1,578.36 1,578.36 1,578.36 1,579.88 1,579.88
    Paid-Up Capital 1,578.36 1,578.36 1,578.36 1,578.36 1,576.76
    Premium (Discount) on Share Capital 1,152.39 1,152.39 1,152.39 1,152.39 1,140.29
    Retained Earnings (Deficit) 12,998.57 12,955.61 13,457.89 13,717.76 12,355.15
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -1,142.92 -1,090.95 -820.69 -1,611.17 -1,664.98
     - Surplus (Deficits) -564.07 -564.07 -564.07 - -
    Shareholders' Equity 14,586.40 14,595.41 15,367.95 14,837.35 13,407.23
    Minority Interest 556.36 422.03 569.33 183.29 171.43
    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 14,952.38 13,584.25 27,052.78 26,155.27 36,892.97
    Other Income 102.25 62.95 133.60 123.28 133.52
    Total Revenues 15,063.69 13,656.55 27,209.87 26,290.99 37,026.49
    Costs 12,890.10 11,397.02 22,126.69 20,600.59 32,718.49
    Selling And Administrative Expenses 625.39 628.51 1,353.83 1,378.39 1,253.31
    Total Cost And Expenses 13,513.23 12,022.54 23,243.96 22,000.45 33,767.46
    EBITDA 1,657.19 2,255.77 4,369.41 5,536.20 4,733.74
    Depre. & Amor. 619.67 584.53 1,245.91 1,050.49 874.87
    EBIT 1,037.52 1,671.24 3,123.50 4,485.71 3,858.86
    Net Profit : Owners Of The Parent 803.15 1,289.68 2,219.71 3,591.82 3,123.28
    EPS (B.) 0.51 0.82 1.41 2.28 1.98
    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 66.70 -807.67 744.31 5,552.92 6,322.73
    Investing Cash Flow 396.65 -242.45 -468.50 -740.16 -1,219.51
    Financing Cash Flow 144.76 1,914.37 -848.43 -4,910.59 -4,099.08
    Net Cash Flow 608.11 864.26 -572.61 -97.83 1,004.15
    more
    Annualized: ROE, ROA
    Ratios 6M/2022  6M/2021  2021  2020 
    Current Ratio (X) 1.56 1.47 1.81 1.88
    ROE (%) 11.88 28.77 14.70 25.43
    ROA (%) 9.54 19.76 13.54 19.25
    D/E (X) 0.74 0.72 0.56 0.42
    Total Asset Turnover (X) 1.10 1.14 1.18 1.13
    Gross Profit Margin (%) 13.79 16.10 18.21 21.24
    EBIT Margin (%) 6.89 12.24 11.48 17.06
    Net Profit Margin (%) 5.32 9.55 8.28 13.68

    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 10.07 16.58 3.43 -29.11
    COGs Growth 13.10 16.27 7.41 -37.04
    Total Revenue Growth 10.30 16.61 3.50 -28.99
    Total Expense Growth 12.40 14.69 5.65 -34.85
    Net Profit Growth -37.72 37.91 -38.20 15.00

    Annualized
    Cash Cycle 6M/2022  6M/2021  2021  2020 
    A/R Turnover (Times) 5.63 5.44 7.13 6.09
    Avg. Collection Period (Days) 64.79 67.05 51.20 59.91
    Inventory Turnover (Times) 3.78 3.97 3.77 3.21
    Avg. Inventory Period (Days) 96.55 91.93 96.94 113.84
    A/P Turnover (Times) 7.05 8.60 7.21 4.41
    Avg. Payment Period (Days) 51.75 42.44 50.63 82.81
    Cash Cycle (Days) 109.59 116.54 97.51 90.94


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    No Information Found
    more

    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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