SONIC is a leading regional integrated logistics service business operating domestically and internationally. We have a depot and distribution center in Samut Prakan Province, storage services for containers, and leases for tractor truck purchases.
as of 31/03/22 | SONIC | SERVICE | mai |
---|---|---|---|
P/E (X) | 12.43 | 35.62 | 59.24 |
P/BV (X) | 2.77 | 4.29 | 3.67 |
Dividend yield (%) | 2.81 | 1.37 | 1.18 |
31/03/22 | 31/12/21 | 31/12/20 | |
---|---|---|---|
Market Cap (MB) | 2,811.89 | 3,328.36 | 836.00 |
Price (B/Share) | 3.92 | 4.64 | 1.52 |
P/E (X) | 12.43 | 18.37 | 18.64 |
P/BV (X) | 2.77 | 4.33 | 1.36 |
3M22 | 3M21 | 2021 | 2020 |
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Revenues | 1,230.88 | 607.08 | 3,374.84 | 1,359.98 |
Expenses | 1,109.65 | 552.22 | 3,072.32 | 1,276.07 |
Net Profit (Loss) | 91.97 | 40.75 | 226.14 | 59.84 |
Assets | 1,779.18 | 1,103.20 | 1,657.10 | 1,027.11 |
Liabilities | 657.91 | 410.82 | 628.77 | 376.84 |
Shareholders' Equity | 1,107.42 | 685.38 | 1,014.75 | 643.61 |
Operating | 133.24 | 22.59 | 82.41 | 2.26 |
Investing | -7.98 | -28.35 | -214.65 | -70.83 |
Financing | -35.68 | 5.04 | 258.59 | 45.90 |
EPS (Baht) | 0.13 | 0.07 | 0.39 | 0.11 |
GP Margin (%) | 15.77 | 17.99 | 16.09 | 19.47 |
NP Margin (%) | 7.70 | 6.94 | 6.94 | 4.54 |
D/E Ratio (x) | 0.59 | 0.59 | 0.61 | 0.58 |
ROE (%) | 30.94 | 13.36 | 27.27 | 9.57 |
ROA (%) | 25.60 | 12.17 | 22.54 | 8.86 |
The performance in the first quarter of 2022 was exceeding the target in all 5 consecutive quarters.
In the first quarter of 2022, the Company’s Net Profit was equal to 91.97 million baht, an increase of 124.95% compared to the previous year's net profit of 52.64 million baht.
While the revenue from services for the first quarter of 2022 amounted to 1,226.70 million baht, an increase of 102.81% compared to the same period of the previous year and increased for 12.27% compared to Quarter 4/2021
Anyhow, the revenue from services can be categorized as follows revenue from Sea Freight Services for 82%, Transportation Services for 9.57%, Air Freight Services for 8.04%, and Other Services for 0.39 %
The results of the exercise of SONIC-W1 warrants (2nd time) mai received the capital increase of SONIC, trading starts on May 3, 2022.
The company has set the target to achieve continuous growth for all service groups. Our freight shipping group remains the highest portion of revenue earnings, and we plan to expand the trailer truck leasing business for our partners under concept of “Logising” (Logistics + Leasing).
Business risks
· Risk from the volatility of ship cargo hold prices: The company sets sales prices by adding our minimum profit to our cost price. This enables us to manage risks from the volatility of ship cargo hold prices and ensure it is competitive, in line with market prices.
· Risk from oil price volatility: The company regularly reviews our oil costing structure. When there is a significant change to oil prices, the company will adjust service costs to one that reflects the new oil price.
· Risk from product damage liability: The company has a service selection policy, and conducts quality assessments of transport service providers at least once a year to ensure that they deliver according to specified standards.
Financial Risks
· Risk from foreign exchange rate volatility: The company receives revenue and payments in foreign currencies, as we conduct transactions with international partners. The company reduces this risk by using a natural hedge, and has deposit accounts in foreign currencies.