Stock TQM TQM CORPORATION
Add to a list
To use this feature you must be a member
Log inSign up

Financials TQM Corporation

Equities

TQM

TH8878010Z01

Multiline Insurance & Brokers

End-of-day quote Thailand S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
25 THB -0.99% Intraday chart for TQM Corporation 0.00% -13.04%
Feb. 28 TQM Alpha Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Feb. 28 TQM Alpha Public Company Limited Proposes Dividend for the Year 2023, Payable on 10 May 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 19,800 40,350 29,100 23,400 17,250 15,000 -
Enterprise Value (EV) 1 19,800 39,297 28,296 22,691 16,395 14,385 14,505
P/E ratio 39.1 x 57.5 x 32.8 x 28.9 x 21.1 x 17 x 15.7 x
Yield - 1.6% 2.53% 3.08% 3.48% 4.52% 4.96%
Capitalization / Revenue 7.3 x 13.1 x 8.89 x 6.52 x 4.68 x 3.8 x 3.61 x
EV / Revenue 7.3 x 12.7 x 8.64 x 6.32 x 4.45 x 3.65 x 3.49 x
EV / EBITDA 33.3 x 40.7 x 25.3 x 18.8 x 13 x 11.2 x 11.1 x
EV / FCF - 61.5 x 32.8 x 59.4 x 23.3 x 17.9 x 28.2 x
FCF Yield - 1.62% 3.05% 1.68% 4.29% 5.58% 3.54%
Price to Book - 16.8 x 5.44 x 9.1 x 6.35 x 4.93 x 4.93 x
Nbr of stocks (in thousands) 600,000 600,000 600,000 600,000 600,000 600,000 -
Reference price 2 33.00 67.25 48.50 39.00 28.75 25.00 25.00
Announcement Date 2/27/20 2/23/21 2/25/22 2/28/23 2/28/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,712 3,083 3,274 3,590 3,685 3,946 4,160
EBITDA 1 594.2 965 1,119 1,205 1,263 1,279 1,304
EBIT 1 551.9 817.7 948 974.9 1,033 1,069 1,111
Operating Margin 20.35% 26.53% 28.96% 27.16% 28.02% 27.09% 26.71%
Earnings before Tax (EBT) 1 623.6 869.2 1,098 1,111 1,084 1,167 1,250
Net income 1 507.2 702 890.4 809.3 816.3 881.5 952.3
Net margin 18.71% 22.77% 27.2% 22.54% 22.15% 22.34% 22.89%
EPS 2 0.8450 1.170 1.480 1.350 1.360 1.471 1.587
Free Cash Flow 1 - 638.5 862.6 381.8 702.9 803 514
FCF margin - 20.71% 26.35% 10.64% 19.08% 20.35% 12.36%
FCF Conversion (EBITDA) - 66.16% 77.11% 31.7% 55.65% 62.78% 39.42%
FCF Conversion (Net income) - 90.95% 96.87% 47.18% 86.12% 91.09% 53.97%
Dividend per Share 2 - 1.075 1.225 1.200 1.000 1.129 1.241
Announcement Date 2/27/20 2/23/21 2/25/22 2/28/23 2/28/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales - 839.8 875.9 866.5 - 922.1 - -
EBITDA - 308.5 - - - 303.8 - -
EBIT - 252.5 248.2 220.8 - 245.9 - -
Operating Margin - 30.07% 28.34% 25.48% - 26.67% - -
Earnings before Tax (EBT) - 283.5 264.8 243.6 - 303.8 - -
Net income 1 242.9 224.2 213.6 179.9 205.9 209.9 194.8 196.9
Net margin - 26.69% 24.39% 20.76% - 22.76% - -
EPS - 0.3800 0.3600 0.3000 - - - -
Dividend per Share - - - - - - - -
Announcement Date 11/12/21 2/25/22 5/12/22 8/15/22 11/14/22 2/28/23 5/15/23 8/15/23
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 - 1,053 804 709 855 615 495
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 638 863 382 703 803 514
ROE (net income / shareholders' equity) - 29.6% 35.1% 30.8% 30.9% 28.7% 30.5%
ROA (Net income/ Total Assets) - 15.2% 22.1% 17.3% 15.8% 16.3% 15.7%
Assets 1 - 4,605 4,022 4,670 5,181 5,422 6,085
Book Value Per Share 2 - 4.000 8.920 4.280 4.520 5.070 5.070
Cash Flow per Share 2 - 1.160 1.460 0.7000 1.300 1.960 1.540
Capex 1 - 55.4 15.4 36.4 74.5 50 50
Capex / Sales - 1.8% 0.47% 1.01% 2.02% 1.27% 1.2%
Announcement Date 2/27/20 2/23/21 2/25/22 2/28/23 2/28/24 - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for TQM Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
25 THB
Average target price
34 THB
Spread / Average Target
+36.00%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Insurance Brokers

1st Jan change Capi.
TQM CORPORATION Stock TQM Corporation
-13.04% 405M
AON PLC Stock Aon plc
-2.06% 61.97B
ARTHUR J. GALLAGHER & CO. Stock Arthur J. Gallagher & Co.
+4.10% 51.16B
WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY Stock Willis Towers Watson Public Limited Company
+4.04% 25.66B
BROWN & BROWN, INC. Stock Brown & Brown, Inc.
+14.55% 23.24B
CAIXA SEGURIDADE PARTICIPAÇÕES S.A. Stock Caixa Seguridade Participações S.A.
+26.59% 9.56B
RYAN SPECIALTY HOLDINGS, INC. Stock Ryan Specialty Holdings, Inc.
+13.76% 5.81B
STEADFAST GROUP LIMITED Stock Steadfast Group Limited
-4.12% 4.02B
AUB GROUP LIMITED Stock AUB Group Limited
+1.30% 1.99B
BRP GROUP, INC. Stock BRP Group, Inc.
+11.16% 1.76B
Insurance Brokers
  1. Stock Market
  2. Equities
  3. TQM Stock
  4. Financials TQM Corporation