Siam Makro Public Company Limited Logo

Siam Makro Public Company Limited

MAKRO.BK

(2.5)
Stock Price

35,75 THB

2.24% ROA

2.11% ROE

62.91x PER

Market Cap.

378.234.990.848,00 THB

52.21% DER

0% Yield

1.7% NPM

Siam Makro Public Company Limited Stock Analysis

Siam Makro Public Company Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Siam Makro Public Company Limited Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a minimal amount of debt (50%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 Revenue Growth

This company's revenue has experienced steady growth over the last five years, indicating a reliable and prosperous financial trajectory.

3 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

4 ROE

The stock's ROE falls within an average range (2.7%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

5 ROA

The stock's ROA (2.81%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 PBV

The stock's PBV ratio (1.29x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

7 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (2.098) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

8 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

9 Assets Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

10 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

Siam Makro Public Company Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Siam Makro Public Company Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Buy

Siam Makro Public Company Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Siam Makro Public Company Limited Revenue
Year Revenue Growth
2003 40.619.396.584
2004 46.257.621.556 12.19%
2005 52.294.650.619 11.54%
2006 57.406.797.128 8.91%
2007 63.934.200.147 10.21%
2008 73.616.965.857 13.15%
2009 78.408.485.298 6.11%
2010 88.663.613.440 11.57%
2011 99.101.556.058 10.53%
2012 114.332.760.127 13.32%
2013 129.086.624.985 11.43%
2014 141.828.363.083 8.98%
2015 155.217.332.291 8.63%
2016 172.092.574.679 9.81%
2017 185.803.958.668 7.38%
2018 191.996.837.523 3.23%
2019 209.771.839.884 8.47%
2020 217.897.139.386 3.73%
2021 265.544.605.988 17.94%
2022 466.081.762.815 43.03%
2023 483.637.688.000 3.63%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Siam Makro Public Company Limited Research and Development Expenses
Year Research and Development Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Siam Makro Public Company Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 4.547.141.259 100%
2009 783.920.953 -480.05%
2010 1.102.189.275 28.88%
2011 1.328.739.530 17.05%
2012 1.660.598.652 19.98%
2013 1.884.562.817 11.88%
2014 1.966.567.037 4.17%
2015 2.071.724.835 5.08%
2016 2.321.112.245 10.74%
2017 3.660.043.585 36.58%
2018 3.714.196.285 1.46%
2019 4.741.333.562 21.66%
2020 5.030.110.687 5.74%
2021 7.339.909.784 31.47%
2022 14.478.472.241 49.3%
2023 13.902.468.000 -4.14%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Siam Makro Public Company Limited EBITDA
Year EBITDA Growth
2003 1.270.411.381
2004 2.162.818.150 41.26%
2005 2.257.554.245 4.2%
2006 2.348.570.483 3.88%
2007 2.526.196.565 7.03%
2008 3.082.699.493 18.05%
2009 3.207.107.273 3.88%
2010 3.904.568.921 17.86%
2011 4.396.652.396 11.19%
2012 5.969.155.901 26.34%
2013 6.840.575.152 12.74%
2014 7.769.381.308 11.95%
2015 8.920.064.177 12.9%
2016 9.124.591.797 2.24%
2017 10.407.003.696 12.32%
2018 10.361.301.346 -0.44%
2019 10.927.650.244 5.18%
2020 12.533.630.774 12.81%
2021 16.395.233.044 23.55%
2022 35.083.458.246 53.27%
2023 32.010.596.000 -9.6%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Siam Makro Public Company Limited Gross Profit
Year Gross Profit Growth
2003 3.781.536.430
2004 4.400.163.422 14.06%
2005 4.892.419.684 10.06%
2006 5.197.865.784 5.88%
2007 6.017.478.135 13.62%
2008 6.330.953.066 4.95%
2009 7.066.194.494 10.41%
2010 8.515.269.202 17.02%
2011 9.699.148.026 12.21%
2012 11.572.307.135 16.19%
2013 13.413.367.542 13.73%
2014 15.057.363.083 10.92%
2015 17.280.332.291 12.86%
2016 18.370.574.679 5.93%
2017 21.451.958.668 14.36%
2018 22.357.908.679 4.05%
2019 24.759.688.265 9.7%
2020 25.881.375.802 4.33%
2021 36.093.730.247 28.29%
2022 76.493.729.545 52.81%
2023 76.005.544.000 -0.64%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Siam Makro Public Company Limited Net Profit
Year Net Profit Growth
2003 944.287.145
2004 1.106.857.202 14.69%
2005 1.136.465.960 2.61%
2006 1.223.146.525 7.09%
2007 1.291.601.866 5.3%
2008 1.674.123.504 22.85%
2009 1.527.034.795 -9.63%
2010 1.881.033.333 18.82%
2011 2.604.436.938 27.78%
2012 3.555.915.659 26.76%
2013 4.298.578.498 17.28%
2014 4.884.890.924 12%
2015 5.378.481.684 9.18%
2016 5.412.523.760 0.63%
2017 6.178.132.346 12.39%
2018 5.941.992.653 -3.97%
2019 6.244.592.108 4.85%
2020 6.562.667.422 4.85%
2021 13.311.742.325 50.7%
2022 7.696.904.447 -72.95%
2023 6.063.548.000 -26.94%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Siam Makro Public Company Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 1 0%
2012 1 0%
2013 1 0%
2014 1 100%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 2 50%
2022 1 0%
2023 1 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Siam Makro Public Company Limited Free Cashflow
Year Free Cashflow Growth
2003 221.646.815
2004 1.219.061.708 81.82%
2005 1.593.729.286 23.51%
2006 1.810.324.056 11.96%
2007 -2.066.249.079 187.61%
2008 677.356.675 405.05%
2009 2.811.816.175 75.91%
2010 3.360.294.757 16.32%
2011 2.268.426.274 -48.13%
2012 2.310.757.024 1.83%
2013 2.057.825.980 -12.29%
2014 676.573.989 -204.15%
2015 321.952.373 -110.15%
2016 3.517.284.184 90.85%
2017 8.165.127.527 56.92%
2018 3.114.848.088 -162.14%
2019 7.159.670.526 56.49%
2020 11.039.347.358 35.14%
2021 12.813.727.609 13.85%
2022 5.674.289.063 -125.82%
2023 -655.512.000 965.63%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Siam Makro Public Company Limited Operating Cashflow
Year Operating Cashflow Growth
2003 815.788.691
2004 2.344.488.524 65.2%
2005 2.230.421.878 -5.11%
2006 2.307.369.420 3.33%
2007 1.379.613.101 -67.25%
2008 1.816.316.964 24.04%
2009 4.351.702.328 58.26%
2010 4.850.724.726 10.29%
2011 5.596.555.309 13.33%
2012 5.166.306.296 -8.33%
2013 5.306.251.608 2.64%
2014 7.660.881.644 30.74%
2015 6.701.120.358 -14.32%
2016 9.071.490.090 26.13%
2017 11.927.825.647 23.95%
2018 6.011.602.811 -98.41%
2019 10.269.881.438 41.46%
2020 13.353.030.850 23.09%
2021 16.774.464.898 20.4%
2022 22.014.488.875 23.8%
2023 2.264.015.000 -872.36%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Siam Makro Public Company Limited Capital Expenditure
Year Capital Expenditure Growth
2003 594.141.876
2004 1.125.426.816 47.21%
2005 636.692.592 -76.76%
2006 497.045.364 -28.1%
2007 3.445.862.180 85.58%
2008 1.138.960.289 -202.54%
2009 1.539.886.153 26.04%
2010 1.490.429.969 -3.32%
2011 3.328.129.035 55.22%
2012 2.855.549.272 -16.55%
2013 3.248.425.628 12.09%
2014 6.984.307.655 53.49%
2015 6.379.167.985 -9.49%
2016 5.554.205.906 -14.85%
2017 3.762.698.120 -47.61%
2018 2.896.754.723 -29.89%
2019 3.110.210.912 6.86%
2020 2.313.683.492 -34.43%
2021 3.960.737.289 41.58%
2022 16.340.199.812 75.76%
2023 2.919.527.000 -459.69%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Siam Makro Public Company Limited Equity
Year Equity Growth
2003 8.755.829.660
2004 9.322.686.862 6.08%
2005 8.839.152.822 -5.47%
2006 8.742.299.347 -1.11%
2007 8.293.901.213 -5.41%
2008 8.528.024.717 2.75%
2009 8.735.059.512 2.37%
2010 9.176.092.845 4.81%
2011 9.680.529.783 5.21%
2012 10.656.586.326 9.16%
2013 11.021.397.893 3.31%
2014 12.786.713.517 13.81%
2015 14.206.954.559 10%
2016 15.741.642.884 9.75%
2017 18.010.805.956 12.6%
2018 19.256.626.248 6.47%
2019 20.734.374.145 7.13%
2020 22.710.518.319 8.7%
2021 288.498.357.392 92.13%
2022 290.930.624.773 0.84%
2023 290.911.025.000 -0.01%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Siam Makro Public Company Limited Assets
Year Assets Growth
2003 16.174.649.964
2004 18.538.555.756 12.75%
2005 18.967.945.985 2.26%
2006 19.282.592.095 1.63%
2007 20.759.655.362 7.12%
2008 20.686.308.960 -0.35%
2009 22.921.574.445 9.75%
2010 25.491.667.201 10.08%
2011 30.319.446.167 15.92%
2012 32.084.561.828 5.5%
2013 36.104.341.129 11.13%
2014 43.665.526.047 17.32%
2015 47.909.804.107 8.86%
2016 52.859.473.752 9.36%
2017 58.975.972.793 10.37%
2018 62.065.255.300 4.98%
2019 62.641.332.085 0.92%
2020 74.034.154.872 15.39%
2021 569.490.419.572 87%
2022 548.643.227.886 -3.8%
2023 519.576.899.000 -5.59%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Siam Makro Public Company Limited Liabilities
Year Liabilities Growth
2003 7.418.820.304
2004 9.215.868.894 19.5%
2005 10.128.793.163 9.01%
2006 10.540.292.748 3.9%
2007 12.465.754.149 15.45%
2008 12.158.284.243 -2.53%
2009 14.186.514.933 14.3%
2010 16.315.574.356 13.05%
2011 20.638.916.384 20.95%
2012 21.427.975.502 3.68%
2013 25.082.943.236 14.57%
2014 30.878.812.530 18.77%
2015 33.702.849.548 8.38%
2016 37.117.830.868 9.2%
2017 40.965.166.837 9.39%
2018 42.808.629.052 4.31%
2019 41.906.957.940 -2.15%
2020 51.323.636.553 18.35%
2021 280.992.062.180 81.73%
2022 257.712.603.113 -9.03%
2023 228.665.874.000 -12.7%

Siam Makro Public Company Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
33.47
Net Income per Share
0.57
Price to Earning Ratio
62.91x
Price To Sales Ratio
1.04x
POCF Ratio
21.02
PFCF Ratio
45.69
Price to Book Ratio
1.33
EV to Sales
1.43
EV Over EBITDA
19.16
EV to Operating CashFlow
28.06
EV to FreeCashFlow
62.43
Earnings Yield
0.02
FreeCashFlow Yield
0.02
Market Cap
378,23 Bil.
Enterprise Value
516,76 Bil.
Graham Number
18.52
Graham NetNet
-17.65

Income Statement Metrics

Net Income per Share
0.57
Income Quality
3.01
ROE
0.02
Return On Assets
0.01
Return On Capital Employed
0.03
Net Income per EBT
0.76
EBT Per Ebit
0.61
Ebit per Revenue
0.04
Effective Tax Rate
0.25

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.16
Operating Profit Margin
0.04
Pretax Profit Margin
0.02
Net Profit Margin
0.02

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
1.7
Free CashFlow per Share
0.76
Capex to Operating CashFlow
-0.55
Capex to Revenue
-0.03
Capex to Depreciation
-0.77
Return on Invested Capital
0.02
Return on Tangible Assets
0.02
Days Sales Outstanding
9.84
Days Payables Outstanding
58.93
Days of Inventory on Hand
41.18
Receivables Turnover
37.1
Payables Turnover
6.19
Inventory Turnover
8.86
Capex per Share
-0.94

Balance Sheet

Cash per Share
1,21
Book Value per Share
26,81
Tangible Book Value per Share
4.22
Shareholders Equity per Share
26.81
Interest Debt per Share
14.52
Debt to Equity
0.52
Debt to Assets
0.29
Net Debt to EBITDA
5.14
Current Ratio
0.57
Tangible Asset Value
45,64 Bil.
Net Current Asset Value
-171,04 Bil.
Invested Capital
0.52
Working Capital
-43,65 Bil.
Intangibles to Total Assets
0.47
Average Receivables
9,31 Bil.
Average Payables
51,50 Bil.
Average Inventory
35872207000
Debt to Market Cap
0.4

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Siam Makro Public Company Limited Dividends
Year Dividends Growth
2000 1
2001 2 0%
2002 5 75%
2003 5 0%
2004 2 -100%
2005 7 66.67%
2006 5 -20%
2007 7 28.57%
2008 6 -40%
2009 5 0%
2010 6 0%
2011 9 37.5%
2012 11 20%
2013 8 -42.86%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 0 0%

Siam Makro Public Company Limited Profile

About Siam Makro Public Company Limited

Siam Makro Public Company Limited operates cash and carry trade centers under the Makro name. It operates through Cash and Carry, Retail, Mall Rental, and Food Services segments. The company's trade centers sell food and non-food products to registered members, including small and medium-sized businesses, retailers, caterers, professional sectors, and institutions. It offers freight, delivery rental, and storage services; marketing and consulting services; and imports, exports, trades in, and distributes food products. The company is also involved in the provision of technical and support services; trading of non-food products; investing and operation of retail business and mall rental activities; importing and trading of frozen and chilled foods; telecommunication business; and operation of restaurant and minimart. As of December 31, 2021, it operated 135 Makro stores and 7 frozen shops. The company was incorporated in 1988 and is headquartered in Bangkok, Thailand. Siam Makro Public Company Limited is a subsidiary of CP ALL Public Company Limited.

CEO
Mr. Tanin Buranamanit
Employee
0
Address
1468 Phatthanakan Road
Bangkok, 10250

Siam Makro Public Company Limited Executives & BODs

Siam Makro Public Company Limited Executives & BODs
# Name Age
1 Mr. Ricardo Augusto Amaro De Oliveira Boarotto
Chief Executive Officer of Makro Wholesale Bus., Thailand
70
2 Mr. Chi-Lung Lin
Chief Executive Officer of Food Service Asia Pacific & Middle East
70
3 Mr. Paul Stephen Howe
Group Chief Information Officer
70
4 Ms. Saowaluck Thithapant
Group Chief Financial Officer & Shared Service Officer, Company Sec., Acting Group Chief HR Officer and Director
70
5 Ms. Busakorn Rakkanka
Head of Internal Audit Department
70
6 Mr. Tanin Buranamanit
Chief Executive Officer & Second Vice Chairman
70
7 Mr. Tirayu Songvetkasem
Group Chief Digital Officer of Makro Wholesale Bus.
70

Siam Makro Public Company Limited Competitors