Retail Sector Q2/2017 Performance
Q2/2017 Retail Sector Performance shows that CP All (CPALL) leads with revenue of 238 billion baht, despite having the highest financial risk with a D/E ratio of 5.1 times. Meanwhile, Saha Pathana Inter-Holding (SPI) achieved the highest net profit margin at 55.45%, with earnings per share of 4.64 baht. The highest return on equity was recorded by Beauty Community (BEAUTY) with an ROE of 67.37% and ROA of 60.43%.
Currently, the standout stock in this group is Beauty Community (BEAUTY), which analysts and investors view positively due to its solid business fundamentals, good revenue, and continuous profit growth from expanding approximately 16 branches over the past year (from 358 branches as of June 2016), leading to a new five-year high.
TerraBKK Research summarizes the Q2/2017 performance of the "Retail" sector across 23 companies, including revenue, profitability metrics such as net profit margin, earnings per share, return on equity, return on assets, debt levels, and evaluations of price-to-earnings ratios.
Revenue
• The average revenue for Q2 2017 was mostly in the range of 1.8 billion to 15 billion baht.
• The highest revenue was recorded by CP All (CPALL) at 238 billion baht.
• The highest revenue growth compared to the same period last year was by Saha Pathana Inter-Holding (SPI) at 4.133 billion baht (Q2/2017) from 2.495 billion baht (Q2/2016).
• The largest revenue decline compared to the same period last year was by Singer Thailand (SINGER) at 1.208 billion baht (Q2/2017) from 1.447 billion baht (Q2/2016).
Net Profit Margin (NPM)
• The average net profit margin for Q2 2017 was in the range of 3% to 10.2%.
• The top three companies with the highest net profit margins were Saha Pathana Inter-Holding (SPI) at 55.45%, Beauty Community (BEAUTY) at 30.02%, and Karmart (KAMART) at 18.99%.
• The largest increase in net profit margin compared to the same period last year was by IT City (IT) at 1.07% (Q2/2017) from 0.51% (Q2/2016).
• The largest decline in net profit margin compared to the same period last year was by Singer Thailand (SINGER) at -0.99% (Q2/2017) from 5.62% (Q2/2016).
Earnings per Share (EPS)
• The highest earnings per share was recorded by Saha Pathana Inter-Holding (SPI) at 4.64 baht per share.
Return on Equity (ROE)
• The average ROE for Q2 2017 was in the range of 7.9% to 26%.
• The top three companies with the highest ROE were Beauty Community (BEAUTY) at 67.37%, Big Camera Corporation (BIG) at 65.06%, and CP All (CPALL) at 38.59%, reflecting their ability to generate returns for shareholders effectively.
• The largest increase in ROE compared to the same period last year was by Saha Pathana Inter-Holding (SPI) at 12.69% (Q2/2017) from 8.34% (Q2/2016).
• The largest decline in ROE compared to the same period last year was by Loxley (LOXLEY) at 3.25% (Q2/2017) from 5.95% (Q2/2016).
Return on Assets (ROA)
• The average ROA for Q2 2017 was in the range of 6.7% to 14.4%.
• The top three companies with the highest ROA were Beauty Community (BEAUTY) at 60.43%, Big Camera Corporation (BIG) at 44.43%, and Karmart (KAMART) at 27.95%, reflecting their efficiency in utilizing assets for returns.
• The largest increase in ROA compared to the same period last year was by Saha Pathana Inter-Holding (SPI) at 11.26% (Q2/2017) from 7.75% (Q2/2016).
• The largest decline in ROA compared to the same period last year was by Singer Thailand (SINGER) at 1.47% (Q2/2017) from 5.46% (Q2/2016).
Debt to Equity (D/E)
• The average D/E for Q2 2017 was in the range of 0.5 to 1.5 times.
• Companies with a D/E ratio exceeding 2 times include CP All (CPALL) at 5.1 times and Siam Makro (MAKRO) at 2.24 times, indicating a slight risk in capital structure management.
P/E Ratio (as of September 1, 2017)
• The average P/E ratio for the retail sector was in the range of 20 to 37.5 times.
• The unusually high P/E ratio of 100 times was recorded by Singer Thailand (SINGER) at 124.73 times, indicating that its stock price is significantly higher compared to other stocks in the sector. ---TerraBKK
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