Ratings True Corporation

Equities

TRUE

THB231010000

End-of-day quote Thailand S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
7.65 ^THB	-1.29%		-1.92%	+51.49%

Feb. 23	True Corporation Public Company Limited Provides Earnings Guidance for the Full Year 2024	CI
Feb. 23	Transcript : True Corporation Public Company Limited, 2023 Earnings Call, Feb 23, 2024

Summary

On the basis of various fundamental qualitative criteria, the company appears to be particularly poorly ranked from a medium and long-term investment perspective.
The company presents an interesting fundamental situation from a short-term investment perspective.
The company has a good ESG score relative to its sector, according to Refinitiv.

Strengths

The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
Given the positive cash flows generated by its business, the company's valuation level is an asset.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
Over the past twelve months, analysts' opinions have been strongly revised upwards.

Weaknesses

Low profitability weakens the company.
One of the major weak points of the company is its financial situation.
With an expected P/E ratio at 1277.13 and 45.72 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
With an enterprise value anticipated at 3.37 times the sales for the current fiscal year, the company turns out to be overvalued.
In relation to the value of its tangible assets, the company's valuation appears relatively high.
The company is not the most generous with respect to shareholders' compensation.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
Revenue estimates are regularly revised downwards for the current and coming years.
For the past year, analysts have significantly revised downwards their profit estimates.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Wireless Telecommunications Services

	1st Jan change	Capi.	ESG Refinitiv
TRUE CORPORATION	+51.49%	7.14B	A-
T-MOBILE US	+2.26%	192B	C
AT&T INC.	-0.18%	120B	C
SOFTBANK GROUP CORP.	+23.66%	72.46B	B
KDDI CORPORATION	-2.36%	57.97B	C+
CHINA UNICOM HONG KONG LIMITED	+24.90%	23.92B	B-
TELENOR ASA	+9.95%	16.07B	B+
ADVANCED INFO SERVICE	-10.14%	15.66B	B+
TAIWAN MOBILE CO., LTD.	+4.97%	9.6B	A
VODACOM GROUP LIMITED	-15.58%	9.2B	B

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders