Cash flow Asia Plus Group Holdings

Equities

ASP

TH0137A10Y00

Investment Banking & Brokerage Services

End-of-day quote Thailand S.E. Other stock markets 2024-09-09			5-day change	1st Jan Change
2.640 ^THB	+1.54%		+16.81%	-7.04%

Aug. 14	Asia Plus Group Holdings Public Company Limited Announcea Interim Cash Dividend for the Operating Period from 01-January-2024 to 30-June-2024, Payable on September 12, 2024	CI
Aug. 14	Asia Plus Group Holdings Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: ASIA PLUS GROUP HOLDINGS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	270M	195M	251M	379M	408M
Interest Expense, Total	56.9M	55.44M	79.23M	129M	157M
Net Interest Income	213M	139M	171M	250M	250M
Brokerage Commission	632M	931M	1.3B	900M	607M
Asset Management Fee	749M	736M	1.44B	1.22B	1.16B
Gain (Loss) on Sale of Investments, Total (Rev)	120M	28.36M	316M	-217M	-146M
Other Revenues, Total	143M	236M	133M	247M	319M
Revenues Before Provison For Loan Losses	1.86B	2.07B	3.36B	2.4B	2.19B
Provision For Loan Losses	514K	-	-	-	-
Total Revenues	1.86B	2.07B	3.36B	2.4B	2.19B
Salaries And Other Employee Benefits	952M	1.05B	1.4B	1.12B	1.04B
Cost of Services Provided, Total	202M	197M	393M	350M	329M
Depreciation & Amortization - (IS) - (Collected)	41.41M	99.54M	96.01M	91.79M	92.92M
Other Operating Expenses	200M	205M	245M	231M	220M
Total Operating Expenses	1.4B	1.55B	2.13B	1.8B	1.68B
Operating Income	462M	519M	1.23B	601M	509M
Income (Loss) on Equity Invest.	157K	-312K	-313K	-313K	-346K
Currency Exchange Gains (Loss)	-15.57M	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	447M	519M	1.23B	601M	508M
Gain (Loss) on Sale of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	447M	519M	1.23B	601M	508M
Income Tax Expense	87.14M	103M	247M	121M	100M
Earnings From Continuing Operations	359M	416M	978M	479M	408M
Net Income to Company	359M	416M	978M	479M	408M
Net Income - (IS)	359M	416M	978M	479M	408M
Net Income to Common Incl Extra Items	359M	416M	978M	479M	408M
Net Income to Common Excl. Extra Items	359M	416M	978M	479M	408M
Per Share Items
Net EPS - Basic	0.17	0.2	0.46	0.23	0.19
Basic EPS - Continuing Operations	0.17	0.2	0.46	0.23	0.19
Basic Weighted Average Shares Outstanding	2.11B	2.11B	2.11B	2.11B	2.11B
Net EPS - Diluted	0.17	0.2	0.46	0.23	0.19
Diluted EPS - Continuing Operations	0.17	0.2	0.46	0.23	0.19
Diluted Weighted Average Shares Outstanding	2.11B	2.11B	2.11B	2.11B	2.11B
Normalized Basic EPS	0.13	0.15	0.36	0.18	0.15
Normalized Diluted EPS	0.13	0.15	0.36	0.18	0.15
Dividend Per Share	0.13	0.18	0.4	0.2	0.18
Payout Ratio	93.74	65.84	68.87	118.62	108.39
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Total Revenues (As Reported)	1.91B	2.13B	3.44B	2.53B	2.35B
Effective Tax Rate - (Ratio)	19.51	19.83	20.15	20.2	19.74
Current Domestic Taxes	75.51M	115M	211M	156M	116M
Total Current Taxes	75.51M	115M	211M	156M	116M
Deferred Domestic Taxes	11.64M	-11.84M	35.93M	-34.38M	-16.09M
Total Deferred Taxes	11.64M	-11.84M	35.93M	-34.38M	-16.09M
Normalized Net Income	279M	324M	766M	375M	318M
Non-Cash Pension Expense	35.92M	3.32M	-905K	4.02M	4.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	504M	1.1B	1.09B	925M	693M
Securities Purchased Under Agreements To Resell	-	-	469M	1.9B	3.39B
Securities Borrowed	8.6M	187M	45.38M	66.18M	11.58M
Accounts Receivable, Total	2.02B	4.03B	8.74B	9.3B	5.03B
Other Receivables	138M	144M	160M	168M	186M
Gross Property Plant And Equipment	846M	1.19B	1.11B	1.17B	1.21B
Accumulated Depreciation	-708M	-794M	-750M	-775M	-792M
Net Property Plant And Equipment	138M	395M	358M	394M	422M
Other Intangibles, Total	20.88M	19.97M	19.84M	40.1M	46.86M
Investment In Debt and Equity Securities	1.25B	497M	897M	817M	724M
Trading Asset Securities, Total	1.95B	2.29B	2.6B	2.22B	3.24B
Other Current Assets, Total	99.52M	484M	156M	45.43M	51.64M
Deferred Tax Assets Long-Term (Collected)	41.86M	54.57M	43.94M	78.45M	81.59M
Other Long-Term Assets, Total	161M	178M	187M	177M	180M
Total Assets	6.33B	9.38B	14.76B	16.13B	14.06B
Liabilities
Accounts Payable, Total	617M	1.86B	1.21B	2.3B	1.07B
Accrued Expenses, Total	248M	321M	556M	335M	285M
Short-Term Borrowings	590M	1.86B	7.32B	6.43B	6.1B
Current Portion of Leases	-	48.05M	50.59M	49.06M	43.92M
Long-Term Debt	-	-	-	1.49B	1B
Long-Term Leases	-	198M	174M	219M	248M
Current Income Taxes Payable	25.17M	60.12M	130M	52.5M	35.01M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	37.97M	39.66M	63.47M	98.29M	81.64M
Pension & Other Post Retirement Benefits	155M	160M	233M	253M	263M
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	11.95M	36.08M	31.93M	32.21M	36.57M
Total Liabilities	1.69B	4.59B	9.78B	11.25B	9.17B
Common Stock, Total	2.11B	2.11B	2.11B	2.11B	2.11B
Additional Paid In Capital	1.14B	1.14B	1.14B	1.14B	1.14B
Retained Earnings	1.37B	1.54B	1.77B	1.68B	1.67B
Comprehensive Income and Other	25.43M	7.79M	-32.66M	-55.16M	-23.7M
Total Common Equity	4.65B	4.79B	4.99B	4.87B	4.89B
Total Equity	4.65B	4.79B	4.99B	4.87B	4.89B
Total Liabilities And Equity	6.33B	9.38B	14.76B	16.13B	14.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.11B	2.11B	2.11B	2.11B	2.11B
ECS Total Common Shares Outstanding	2.11B	2.11B	2.11B	2.11B	2.11B
Book Value / Share	2.21	2.28	2.37	2.31	2.32
Tangible Book Value	4.62B	4.77B	4.97B	4.83B	4.85B
Tangible Book Value Per Share	2.2	2.27	2.36	2.3	2.3
Total Debt	590M	2.11B	7.55B	8.19B	7.39B
Debt Equivalent of Unfunded Proj. Benefit Obligation	155M	160M	233M	253M	263M
Net Debt	-1.88B	-1.47B	3.35B	3.08B	54.31M
Equity Method Investments, Total	26.32M	33.96M	25.4M	3.12M	3.54M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	359M	416M	978M	479M	408M
Depreciation, Depletion & Amortization	32.68M	91.73M	88.78M	85.09M	84.94M
Amortization of Goodwill and Intangible Assets - (CF)	132K	101K	35K	-	-
Total Depreciation, Depletion & Amortization	32.81M	91.83M	88.82M	85.09M	84.94M
Amortization of Deferred Charges, Total	8.6M	7.71M	7.19M	6.7M	7.98M
(Gain) Loss On Sale of Asset - (CF)	-316K	117K	-505K	-350K	-12.17K
(Gain) Loss on Sale of Investments - (CF)	-63.2M	-112M	-93.03M	127M	-22.29M
Total Asset Writedown	286K	138K	20.82K	1.96K	569K
(Income) Loss On Equity Investments - (CF)	-157K	312K	313K	313K	346K
Provision and Write-off of Bad Debts	514K	-	-	-	-
Change in Trading Asset Securities	-788M	-21.69M	-26.01M	4.65M	-1.81M
Change in Accounts Receivable	391M	-2.11B	-4.38B	-278M	4.62B
Change In Inventories	-	-	-42.16M	42.16M	-
Change in Accounts Payable	-47.56M	1.28B	-677M	1.08B	-1.23B
Change in Other Net Operating Assets (Collected)	-225M	-98.52M	-422M	-359M	-171M
Other Operating Activities	-95.79M	-2.79M	-19.78M	-365M	-234M
Cash from Operations	-427M	-549M	-4.58B	826M	3.46B
Capital Expenditure	-21.08M	-27.87M	-33.08M	-53.83M	-49.35M
Sale of Property, Plant, and Equipment	1.73M	15.35K	2.62M	350K	147K
Investment in Marketable and Equity Securities, Total	71.85M	228M	111M	-87.4M	-14.57M
Other Investing Activities, Total	52.18M	29.4M	27.82M	18.94M	21.77M
Cash from Investing	105M	230M	108M	-122M	-42M
Short Term Debt Issued, Total	29.94B	46.03B	55.74B	51.59B	53.2B
Long-Term Debt Issued, Total	-	-	-	1.49B	-
Total Debt Issued	29.94B	46.03B	55.74B	53.08B	53.2B
Short Term Debt Repaid, Total	-29.92B	-44.78B	-50.55B	-53.32B	-55.85B
Long-Term Debt Repaid, Total	-	-63.89M	-55.7M	-57.01M	-546M
Total Debt Repaid	-29.92B	-44.84B	-50.61B	-53.38B	-56.4B
Common Dividends Paid	-337M	-274M	-674M	-569M	-442M
Common & Preferred Stock Dividends Paid	-337M	-274M	-674M	-569M	-442M
Cash from Financing	-322M	916M	4.46B	-865M	-3.65B
Net Change in Cash	-644M	597M	-15.17M	-161M	-232M
Supplemental Items
Cash Interest Paid	54.41M	45.97M	41.53M	51M	71.8M
Cash Income Tax Paid (Refund)	105M	79.81M	146M	242M	143M
Net Debt Issued / Repaid	15.18M	1.19B	5.13B	-296M	-3.21B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.65	5.29	8.11	3.1	2.7
Return On Equity %	7.75	8.81	20.01	9.72	8.35
Return on Common Equity	7.75	8.81	20.01	9.72	8.35
Margin Analysis
Gross Profit Margin %	93.18	90.99	88.64	85.99	86.04
SG&A Margin	55.29	51.24	41.97	47.49	48.49
Income From Continuing Operations Margin %	19.35	20.08	29.15	19.99	18.64
Net Income Margin %	19.35	20.08	29.15	19.99	18.64
Net Avail. For Common Margin %	19.35	20.08	29.15	19.99	18.64
Normalized Net Income Margin	15.03	15.65	22.81	15.65	14.52
Asset Turnover
Asset Turnover	0.29	0.26	0.28	0.16	0.14
Short Term Liquidity
Current Ratio	3.11	1.96	1.42	1.58	1.65
Quick Ratio	3.04	1.85	1.4	1.57	1.65
Operating Cash Flow to Current Liabilities	-0.28	-0.13	-0.49	0.09	0.45
Long Term Solvency
Total Debt/Equity	12.69	44	151.38	167.93	151.07
Total Debt / Total Capital	11.26	30.56	60.22	62.68	60.17
LT Debt/Equity	-	4.14	3.49	35.04	25.51
Long-Term Debt / Total Capital	-	2.88	1.39	13.08	10.16
Total Liabilities / Total Assets	26.62	48.92	66.22	69.78	65.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.18	11.49	62.1	-28.56	-8.75
Gross Profit, 1 Yr. Growth %	-13.18	8.87	61.46	-30.69	-8.7
Earnings From Cont. Operations, 1 Yr. Growth %	-17.22	15.68	135.31	-51.01	-14.88
Net Income, 1 Yr. Growth %	-17.22	15.68	135.31	-51.01	-14.88
Normalized Net Income, 1 Yr. Growth %	-31.42	16.14	136.23	-50.98	-15.37
Diluted EPS Before Extra, 1 Yr. Growth %	-17.22	15.68	135.31	-51.01	-14.88
Common Equity, 1 Yr. Growth %	0.41	3.14	4.07	-2.24	0.38
Total Assets, 1 Yr. Growth %	-0.96	48.17	57.37	9.26	-12.84
Tangible Book Value, 1 Yr. Growth %	0.48	3.18	4.09	-2.66	0.24
Cash From Operations, 1 Yr. Growth %	-110.86	28.46	735.28	-118.02	318.6
Capital Expenditures, 1 Yr. Growth %	-6.82	32.25	18.69	62.71	-8.32
Dividend Per Share, 1 Yr. Growth %	-35	38.46	122.22	-50	-10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-13.3	-2.18	34.43	7.61	-19.26
Gross Profit, 2 Yr. CAGR %	-13.56	-2.77	31.12	5.79	-20.45
Earnings From Cont. Operations, 2 Yr. CAGR %	-30.38	-2.14	64.99	7.36	-35.43
Net Income, 2 Yr. CAGR %	-30.38	-2.14	64.99	7.36	-35.43
Normalized Net Income, 2 Yr. CAGR %	-30.69	-10.75	65.64	7.61	-35.59
Diluted EPS Before Extra, 2 Yr. CAGR %	-30.38	-2.14	64.99	7.36	-35.43
Common Equity, 2 Yr. CAGR %	-1.95	1.77	3.61	0.87	-0.94
Total Assets, 2 Yr. CAGR %	-25.12	21.14	52.7	31.13	-2.41
Tangible Book Value, 2 Yr. CAGR %	-1.89	1.82	3.63	0.66	-1.22
Cash From Operations, 2 Yr. CAGR %	-31.26	-62.65	227.57	22.68	-13.15
Capital Expenditures, 2 Yr. CAGR %	-19.25	11.01	25.29	38.96	22.14
Dividend Per Share, 2 Yr. CAGR %	-34.17	-5.13	75.41	5.41	-32.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-8.31	-5.72	15.75	8.89	1.86
Gross Profit, 3 Yr. CAGR %	-8.49	-6.65	14.28	6.02	0.72
Earnings From Cont. Operations, 3 Yr. CAGR %	-21.94	-17.54	31.1	10.07	-0.63
Net Income, 3 Yr. CAGR %	-21.94	-17.54	31.1	10.07	-0.63
Normalized Net Income, 3 Yr. CAGR %	-22.33	-17.68	23.46	10.38	-0.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.94	-17.54	31.1	10.07	-0.63
Common Equity, 3 Yr. CAGR %	-0.73	-0.28	2.53	1.62	0.7
Total Assets, 3 Yr. CAGR %	-13.78	-5.99	32.18	36.58	14.44
Tangible Book Value, 3 Yr. CAGR %	-0.7	-0.23	2.57	1.49	0.52
Cash From Operations, 3 Yr. CAGR %	-18.4	-15.33	5.22	24.58	84.69
Capital Expenditures, 3 Yr. CAGR %	-22.24	-4.82	13.51	36.69	20.97
Dividend Per Share, 3 Yr. CAGR %	-24.33	-15.66	25.99	15.44	0
Compound Annual Growth Rate Over Five Years