KTC operates in retail consumer finance business including unsecured loan which are credit card and personal loan business and secured loan which are prepaid service, auto title loan, leasing and hire purchase business.
KTC is determined to become a leader in retail consumer finance business in order to meet every customer life style. Hence, the Company expand the scope of lending business by acquiring KTB Leasing Co., Ltd. which operate in secure lending business in order to create New S-Curve for the Company.
| as of 31/12/21 | KTC | FIN | SET |
|---|---|---|---|
| P/E (X) | 25.67 | 23.40 | 20.78 |
| P/BV (X) | 5.98 | 3.35 | 1.79 |
| Dividend yield (%) | 1.49 | 1.58 | 2.10 |
| 31/12/21 | 31/12/20 | 31/12/19 | |
|---|---|---|---|
| Market Cap (MB) | 152,766.29 | 153,410.88 | 101,844.20 |
| Price (B/Share) | 59.25 | 59.50 | 39.50 |
| P/E (X) | 25.67 | 28.78 | 18.74 |
| P/BV (X) | 5.98 | 7.15 | 5.52 |
| 2021 | 2020 | 2019 | 2018 |
|---|
| Revenues | 21,441.67 | 22,055.29 | 22,625.32 | 21,197.72 |
| Expenses | 14,196.97 | 15,399.66 | 15,721.25 | 14,781.51 |
| Net Profit (Loss) | 5,878.69 | 5,332.87 | 5,523.96 | 5,139.59 |
| Assets | 89,471.09 | 88,403.31 | 85,409.26 | 79,647.82 |
| Liabilities | 62,386.69 | 65,553.04 | 65,674.22 | 63,296.21 |
| Shareholders' Equity | 27,084.40 | 22,850.27 | 19,735.04 | 16,351.61 |
| Operating | 8,334.26 | 3,480.10 | -2,211.37 | 1,916.09 |
| Investing | -778.69 | -401.86 | -487.32 | -221.74 |
| Financing | -7,390.07 | -2,512.61 | 1,324.91 | -673.39 |
| EPS (Baht) | 2.28 | 2.07 | 2.14 | 1.99 |
| GP Margin (%) | 88.38 | 88.27 | 87.67 | 86.80 |
| NP Margin (%) | 27.42 | 24.18 | 24.41 | 24.25 |
| D/E Ratio (x) | 2.30 | 2.87 | 3.33 | 3.87 |
| ROE (%) | 23.55 | 25.04 | 30.61 | 35.53 |
| ROA (%) | 6.61 | 6.14 | 6.69 | 6.71 |
Highlight of 2021 Operating result :
- KTC sets a new record in making a new high profit again both in separate and consolidate financial statement amounted to 6,251 MB and 5,879 MB, increase 17.2% and 10.2% respectively.
- Overall portfolio equal to 92,636 million baht, expand 2.8%.
- The proportion of NPL equal 3.6%, better than the third quarter of 2021 at 3.8% due to the continuous focus on portfolio quality.
- The total expense decreased by 7.8% with the finance cost reduced by 7.7% resulted in the decline in cost of fund to 2.5%, better than 2020 which stood at 2.7%. In addition, expected credit losses decreased to 17.4%.
- KTC launched "KTC P BERM" cash card with all functions, Swipe-Transfer-Withdraw for auto title loan members. The highlights are quick approval within 2 hours with no fee.
- KTC introduced Artificial Intelligence technology to assist the Contact Center in 7 services by using the name "Kathi".
- Expanded to secured loan business by acquisition of KTBL
- TRIS Rating upgraded the Company's rating from A+ to AA- since April 2, 2021 until now.
In 2022, KTC will operate with the new business model namely; (1) Credit Card Business : Expanding its card base with major partners by launching new products, developing and improving Co-brand credit cards. (2) Personal Loan Business : Expanding the new member base to target potential customers by presenting KTC PROUD cash card to whom have regular and higher income base. Target growth rate is approximately 7%.
New S-Curve and sustainable growth are contributed by 1) KTC P BERM as the core driving force to grow the portfolio through network of KTB nationwide. 2) "MAAI BY KTC" platform, brand new product for business partners as integrated Loyalty Program. 3) maintenance of portfolio quality, market share and overall portfolio expansion will result in higher net profit.
KTC is an organization for member which determined to develop payment and retail lending business, focusing on the important of sustainability based on the principle of "Sustainable Development by Spirit". The Company reviews the important issues in sustainability with the stakeholder resulted in the implementation of 5-year sustainability strategy covering three dimensions of sustainability issues, namely economic dimension (Better Product and Service), social dimension (Better Quality of Life) and environmental dimension (Better Climate). The Company determined in using digital technology and innovation to create good experience for stakeholders based on information security which leads to the opportunities to access financial products and services for the people and mitigate the impact on the environment in a sustainable way.
The Company formulates risk management policy and develops the risk management system under the good corporate governance guidelines. The Risk Management Committee which consists of the Chief Executive Officers and executives from each line oversees the organizational risk management. The compliance unit supervises the operations conforming with the rules set up by the regulatory authority and the good corporate governance approach. Internal audit unit which is responsible for reviewing compliance with risk management processes to ensure the system is properly implemented.
- Received the Outstanding Company Performance Awards for Business Excellence with a market capitalization of over 100 billion Baht.
- Granted international standard certificates, ISO/IEC 27001:2013 ISMS during 2019 - 2021 and ISO/IEC 27701:2019 during 2020 - 2021.
- Received a rating upgrade from A to AA in the MSCI ESG Rating.
- Recognized in the MSCI Global Standard Index since May 2020
- Selected as a constituent company in the 2021 FTSE4 Good Index under Financial Services category .
- Selected as a member of SETTHSI index for the second consecutive year since 2020 onwards.
- Selected by S&P Global to be a part of the Sustainability Yearbook 2022. KTC is the only selected company in Diversified Financial Service and Capital Markets in Thailand.