Muangthai Capital Public Company Limited is classified as the Non-bank Financial Institution service provider operating the business in providing Microfinance under the personal loan business license and retail loans for occupation mainly under the supervision of the Bank of Thailand. Currently, the company’s outstanding loans consist of 6 main products including vehicle title loans, personal loans (unsecured), nano finance, land title deed pledge loans, new motorcycle hire purchase loans and hire purchase of electrical appliances and general equipment loans.
The company pays attention to the building of good and sustainable relationships with the customers by adhering to the practices following the Service Excellence Policy in line with the Company’s slogan “Intimate services like closed family members” and the company's business objectives is to become a Responsible Microfinance company, which will lead the company to sustainable development. The said responsibility has already been reflected in our loan products and services (CSR-in process).
| 9M22 | 9M21 | 2021 | 2020 |
|---|
| Revenues | 11,785.40 | 16,018.74 | 14,732.59 | |
| Expenses | 5,410.71 | 7,709.40 | 6,435.27 | |
| Net Profit (Loss) | 3,844.50 | 4,944.55 | 5,213.92 |
| Assets | 91,898.41 | 98,389.84 | 77,221.88 | |
| Liabilities | 68,151.51 | 73,521.34 | 56,539.74 | |
| Shareholders' Equity | 23,746.91 | 24,868.50 | 20,682.13 |
| Operating | -8,105.06 | -12,118.06 | -2,387.59 | |
| Investing | -420.82 | -562.10 | -633.88 | |
| Financing | 8,668.78 | 12,608.36 | 3,616.39 |
| EPS (Baht) | 1.81 | 2.33 | 2.46 | |
| GP Margin (%) | ||||
| NP Margin (%) | 32.62 | 30.87 | 35.39 | |
| D/E Ratio (x) | 2.87 | 2.96 | 2.73 | |
| ROE (%) | 24.22 | 21.71 | 28.45 | |
| ROA (%) | 10.38 | 9.49 | 11.98 |
Financial Highlight as of 3Q2022
- Loan Receivables: 114,586 million Baht (+34.88% YoY)
- Total Revenue: 5,185 million Baht (+28.60% YoY)
- Net Profit: 1,205 million Baht (+0.33% YoY)
- Net Profit Margin: 23.24%
- Net Interest Margin: 15.05%
- NPL Ratio: 2.28%
- Coverage Ratio: 102%
- Credit Cost: 3.33%
- Cost to Income Ratio: 45.14%
- Total Branch: 6,547 branches
1992 D.S. Leasing Company Limited was established by Mr. Chuchat Petaumpai and Mrs. Daonapa Petaumpai. The company’s established on 22nd May, 1992 and provided motorcycle hire purchase business.
2001 Changed the company's name to Muangthai Leasing Public Company Limited.
2006 Expand the business into personal loans under the supervision of the Bank of Thailand.
2014 The company was listed on the Stock Exchange of Thailand.
2015 Provide Nano Finance and the land title deed pledge loans.
2018 Changed the company's name to Muangthai Capital Public Company Limited and launched a mobile application “Muangthai Capital 4.0”
2019 Granted the personal loan license under the new supervision of the Bank of Thailand to undertake unsecured personal loans and vehicle title loans, the establishment of a subsidiary of the company, Muangthai Leasing Company Limited to operate a new motorcycle hire purchase business and issue and offer debentures as Public Offering for the first time.
2021 establish a new subsidiary, Muangthai Pay Later Co., Ltd.
The company project the growth in 2022 by maintaining growth rate at 30 percent and at 20-25 percent in 2023 and will expand branches by opening more branches to cover all regions of Thailand. The goal is to expand an average of 700 branches per year to reach 7,200 branches by 2023.
- Develop microfinance loan product with the consideration on the impacts to the environment, society, and corporate governance (ESG)
- Improve the access to capital sources and reducing the economic inequality of Thai people.
- Develop asset quality control (NPL) processes.
- Develop digital transformation processes.
The Company adheres to the risk management framework in accordance with international standards of the COSOERM Risk Management Principle, reviews and improves the risk management policy, risk management manual, corporate governance policy, code of conduct, and business ethics including operational procedures to provide a framework for business administration and risk management in the organization effectively and timely.
2022 Muangthai Capital Public Company Limited (MTC) signed a loan agreement with the Japan International Cooperation Agency (JICA), the loan is co-financed by the Sumitomo Mitsui Banking Corporation (SMBC), Received “excellent” level (5 stars) for the five consecutive years of corporate governance assessment and listed in the Thailand Sustainability Investment (THSI) list for four consecutive years.
For more information: https://investor.muangthaicap.com
| as of 30/09/22 | MTC | FIN | SET |
|---|---|---|---|
| P/E (X) | 15.20 | 19.83 | 17.52 |
| P/BV (X) | 2.86 | 2.45 | 1.59 |
| Dividend yield (%) | 1.02 | 2.26 | 2.67 |
| 30/09/22 | 30/12/21 | 30/12/20 | |
|---|---|---|---|
| Market Cap (MB) | 76,850.00 | 124,550.00 | 125,080.00 |
| Price (B/Share) | 36.25 | 58.75 | 59.00 |
| P/E (X) | 15.20 | 23.89 | 25.14 |
| P/BV (X) | 2.86 | 5.24 | 6.48 |
