Company Summary
TQM TQM CORPORATION PUBLIC COMPANY LIMITED
Financials/Insurance
SET100 / SETTHSI
CG Report:   
 
  Data as of 17 May 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
43.00 61.75 / 39.50 28.59 9.11 300.00 25,800.00 25,922.77 320.02 19.93
News
Date/Time Subject
12 May 2022 18:08   Disseminate Minutes of the 2022 Annual General Meeting of Shareholders
12 May 2022 08:02   Notification of Resolution of the BOD Meeting No.3/2022 regarding change of Company's name, Company's seal amendment of the Memorandum of Association, amendments to the Company's Articles of Association, and information on the connected transaction
12 May 2022 08:01   Financial Performance Quarter 1 (F45) (Reviewed)
12 May 2022 08:01   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
12 May 2022 08:00   Financial Statement Quarter 1/2022 (Reviewed)
more

Company Profile
Address 123 Lad Plakao Road, Chorakhe Bua, Latphrao Bangkok 10230
Telephone 0-2119-8888
Fax 0-2119-9000
URL http://www.tqmcorp.co.th
  Annual Report 2021
Establish Date 04/07/2011 Listed Date 20/12/2018
IPO Price (Baht) 23.00 @Par1.00 Baht
IPO Financial Advisory
  • BUALUANG SECURITIES PUBLIC COMPANY LIMITED
  • THANACHART SECURITIES PUBLIC COMPANY LIMITED
    		•
    Par 0.50 Baht
    Last Par Change Old 1.00 : New 0.50 @ 13/01/2022

    Business
    The Company engage in business by holding shares in other companies (Holding Company) with the core business in providing insurance broker services. At present, the company has 3 core business subsidiaries that operate TQM Insurance Broker Company Limited and TJN Insurance Broker Company Limited as non-life insurance brokers and TQM Life Insurance Broker Company Limited as a life insurance broker.

    Free Float 25 Mar 2022 10 Mar 2021
    % /Shareholders
    41.39% 9,361 41.73% 5,771
    Foreign Shareholders 5.13% (As of 17/05/2022) Foreign Limit 49.00%
    NVDR Shareholders  2.95% (As of 17/05/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.15 0.59 -1.76
    20 Days 6.17 7.92 10.11
    60 Days -5.49 3.28 0.19
    120 Days -18.48 -26.07 -16.96
    YTD -11.34 -4.98 -8.97
    P/E (X) 28.59 N/A 18.41
    P/BV (X) 9.11 1.58 1.70
    Turnover Ratio (%) 0.76 0.46 1.09

    Top 10 Major Shareholders(@25 Mar 2022) Share %
    1. บริษัท ETERNAL GROWTH CORPORATION COMPANY LIMITED 306,892,800 51.15
    2. MR. UNCHALIN PUNNIPA 22,390,000 3.73
    3. บริษัท อาคเนย์ประกันชีวิต จำกัด (มหาชน) 19,500,000 3.25
    4. บริษัท วิริยะประกันภัย จำกัด (มหาชน) 19,059,300 3.18
    5. MRS. NAPASSANUN PUNNIPA 18,596,400 3.10
    6. บริษัท Thai NVDR Company Limited 17,954,813 2.99
    7. STATE STREET EUROPE LIMITED 17,712,255 2.95
    8. บริษัท กรุงเทพประกันภัย จำกัด (มหาชน) 14,910,900 2.49
    9. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 10,034,200 1.67
    10. บริษัท เมืองไทยประกันชีวิต จำกัด (มหาชน) 7,880,400 1.31

    Management Position
    1. Mr. UNCHALIN PUNNIPA CHAIRMAN OF THE BOARD / PRESIDENT
    2. Mrs. NAPASSANUN PUNNIPA CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. AMPON ONIAM DIRECTOR
    4. Miss RATANA PUNNIPA DIRECTOR
    5. Miss SOMPORN AMPAISUTTHIPONG DIRECTOR
    6. Mr. MARUT SIMASATHIEN INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    7. Mr. CHINAPAT VISUTTIPAT INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    8. Miss RUTCHANEEPORN POOKAYAPORN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    9. Miss SUVABHA CHAROENYING INDEPENDENT DIRECTOR
    10. Mr. THANA THIENACHARIYA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    17 May 2022    		 2021
    30 Dec 2021    		 2020
    30 Dec 2020
    Listed share (M.) 600.00  300.00  300.00 
    Market Cap (MB.) 25,800.00  29,100.00  40,350.00 
    Price (B./share) 43.00  48.50  67.25 
    BVPS (B./Share) 4.72  7.73  7.31 
    P/BV (X) 9.11  12.55  18.39 
    P/E (X) 28.59  33.98  60.87 
    Turnover Ratio (%) 55.50  83.32  165.78 
    Value Trade/Day (MB.) 170.35  123.00  201.71 
    Beta 1.11  0.49  0.72 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -11.34  -27.88  103.79 
    Dividend Yield (%) 2.85  2.22  1.30 
    Payout Ratio 0.81  0.91  0.95 
    Dividend Policy Not less than 50.0% of the Company?s and its subsidiaries separate net profits after deducting corporate income tax and other reserve funds as required by law (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    - 0.50 Baht 12 May 2022 Cash
    01 Jan 2021 - 30 Jun 2021 1.45 Baht 09 Sep 2021 Cash
    - 1.15 Baht 14 May 2021 Cash
    01 Jan 2020 - 30 Jun 2020 1.00 Baht 08 Sep 2020 Cash
    01 Jan 2019 - 31 Dec 2019 1.10 Baht 14 May 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.65 Baht 12 Sep 2019 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MISS ORAWAN CHUNHAKITPAISAN/KPMG PHOOMCHAI AUDIT LIMITED
    MR. BUNYARIT THANORMCHAROEN/KPMG PHOOMCHAI AUDIT LIMITED
    Mr. CHOKECHAI NGAMWUTIKUL/KPMG PHOOMCHAI AUDIT 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 1,637.85 1,371.37 804.04 1,107.05 959.39
    A/R Net 498.89 - 632.37 715.14 672.49
    Inventories - - - - -
    Current Assets 2,296.05 2,374.86 1,988.60 3,476.82 3,488.87
    PP&E Net 77.06 91.64 79.14 93.68 79.60
    Non-Current Assets 2,297.00 1,450.97 2,447.80 1,477.09 768.09
    Total Assets 4,593.05 3,825.84 4,436.40 4,953.91 4,256.96
    OD - - - - -
    A/P Net 394.70 396.65 503.82 1,258.15 1,303.02
    Current portion of LT - - - - -
    Current Liabilities 774.24 644.78 728.98 1,957.44 1,815.59
    Non-Current Liabilities 655.76 573.23 696.83 596.83 91.11
    Total Liabilities 1,430.01 1,218.01 1,425.81 2,554.26 1,906.70
    Authorized Capital 300.00 300.00 300.00 300.00 300.00
    Paid-Up Capital 300.00 300.00 300.00 300.00 300.00
    Premium (Discount) on Share Capital 1,606.75 1,606.75 1,606.75 1,606.75 1,606.75
    Retained Earnings (Deficit) 790.33 654.89 559.18 453.22 381.77
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity 135.34 46.18 210.44 39.67 61.73
     - Surplus (Deficits) 67.93 67.93 67.93 67.93 67.93
    Shareholders' Equity 2,832.43 2,607.82 2,676.37 2,399.65 2,350.26
    Minority Interest 330.62 0.00 334.22 0.00 0.00
    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 875.88 828.78 3,273.58 3,082.51 2,711.54
    Other Income 11.66 8.76 52.55 11.02 23.91
    Total Revenues 892.81 845.58 3,363.20 3,136.08 2,783.83
    Costs 402.98 401.82 1,544.59 1,517.43 1,413.89
    Selling And Administrative Expenses 224.70 189.65 780.96 747.38 745.72
    Total Cost And Expenses 627.67 591.47 2,325.55 2,264.81 2,159.61
    EBITDA 320.02 290.00 1,270.41 1,018.57 665.85
    Depre. & Amor. 54.89 35.89 170.54 147.31 42.28
    EBIT 265.14 254.10 1,099.86 871.26 623.57
    Net Profit : Owners Of The Parent 213.64 201.66 890.43 702.00 507.23
    EPS (B.) 0.36 0.67 1.48 2.34 1.69
    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 328.94 264.48 877.92 693.89 493.65
    Investing Cash Flow 430.85 24.71 -301.69 182.69 -75.69
    Financing Cash Flow 74.02 -24.86 -882.60 -728.93 -306.90
    Net Cash Flow 833.81 264.32 -306.37 147.66 111.06
    more
    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 2.97 3.68 2.73 1.78
    ROE (%) 33.18 28.46 35.08 29.56
    ROA (%) 26.39 19.44 23.43 18.92
    D/E (X) 0.45 0.47 0.47 1.06
    Total Asset Turnover (X) 0.81 0.68 0.72 0.68
    Gross Profit Margin (%) 53.99 51.52 52.82 50.77
    EBIT Margin (%) 29.70 30.05 32.70 27.78
    Net Profit Margin (%) 23.65 23.85 26.52 22.38

    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 (%) 3M/2022  3M/2021  2021  2020 
    Sales Growth 5.68 1.81 6.20 13.68
    COGs Growth 0.29 -1.37 1.79 7.32
    Total Revenue Growth 5.59 2.74 7.24 12.65
    Total Expense Growth 6.12 -1.20 2.68 4.87
    Net Profit Growth 5.94 12.44 26.84 38.40

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 13.31 7.84 4.86 4.44
    Avg. Collection Period (Days) 27.42 46.53 75.12 82.15
    Inventory Turnover (Times) N/A N/A N/A N/A
    Avg. Inventory Period (Days) - - - -
    A/P Turnover (Times) 3.91 1.57 1.75 1.18
    Avg. Payment Period (Days) 93.43 232.68 208.18 308.03
    Cash Cycle (Days) -66.01 -186.15 -133.06 -225.87


    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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