| 2023 | 2022 | 2021 | 2020 |
|---|
| Revenues | 1,250.03 | 1,481.72 | ||
| Expenses | 1,170.80 | 1,400.80 | ||
| Net Profit (Loss) | 57.51 | 57.92 |
| Assets | 1,068.55 | 1,015.87 | ||
| Liabilities | 409.45 | 607.58 | ||
| Shareholders' Equity | 660.51 | 408.52 |
| Operating | 17.74 | 98.52 | ||
| Investing | -178.89 | -8.64 | ||
| Financing | 69.39 | -23.74 |
| EPS (Baht) | 0.14 | 0.19 | ||
| GP Margin (%) | 15.00 | 14.10 | ||
| NP Margin (%) | 4.51 | 3.38 | ||
| D/E Ratio (x) | 0.62 | 1.49 | ||
| ROE (%) | 10.76 | 14.18 | ||
| ROA (%) | 7.47 | 8.03 |
The company’s business goals for the next 3 - 5 years can be summarized as follows:
1. Expanding Services to Include Cold Chain
Expand investments in temperature-controlled Reefer Containers while establishing the infrastructure to integrate a temperature-controlled logistics system (Cold Chain). This is aimed at increasing the value of services, with a focus on maintaining product quality until it reaches the destination.
2. Expanding Business into New Markets (through mergers or acquisitions / partnerships)
Expand business through mergers and acquisitions or joint ventures in Vietnam and Cambodia to enhance cost management efficiency, increase asset value and networks, and extend the customer base.
3. Increase of Vehicles to Accommodate Future Growth
The company focuses on generating revenue as well as profitability and long-term growth. To seize future business opportunities, the company plans on an expansion of its fleet, including tow trucks and semi-trailers, as well as temperature-controlled containers, to meet customer demands.
4. Improvement of Transportation Management System
Develop a real-time delivery tracking and management system to allow customers to have complete visibility into their supply chain, enhance the efficiency of route planning, and expand the company's service to accommodate future growth.
5. Cost and Expense Control and Management
ETL has implemented measures for vehicle management, with a focus on increasing the utilization of vehicles within the company group to manage costs more effectively. Additionally, the company will enhance the efficiency of managing backhaul trips.
• Approve the allocation of newly issued ordinary shares no more than 171,865,440 shares for initial public offering (IPO)
• Signed an agreement to lease additional REEFER CONTAINER to expand the potential of Cold Chain and Fruit Land Transportation.
The company had a net profit of Baht 56 million, a increase of 12% compared to the same period of the previous year. The main reason is that the company was able to reduce sales and administrative expenses by more than 10% from the previous year. In addition, the company focuses on cost management according to effective strategy, as well as the managing of return transportation trips. The gross profit margin for the year ended of this year significantly increased to 15.2%.
Service incomes
The Group was Baht 1,238 million, a decrease of Baht 239 million or 16% from the previous year and a decrease of 5% from the third quarter of the current year. The main reason is that conflict situations in many countries have caused the economy to slow down. The volume of transportation trips from Its Neighboring Countries decreased.
The Company's gross profit margin in the year 2023 continuously increased since 2021 due to the Group's effective cost management according to its strategy of cost reduction of outsourcing transportation. The number of empty trips of the Group has decreased.
Perspective on the operating performance trend in the year 2024
For the year 2024, the Company is preparing to support expansion into the Cold-Chain logistics business, which is a new market that the company views as a growth market so that it is expected this will result in a better gross profit margin. The Company continues to implement strategies for managing costs and expenses efficiently to continuously increase the ability to make profits.
1) Risk of international border closures
The company has a contingency plan, including rail transportation to China. Rail transportation will reduce the risk of border closures, and is also closely monitoring news about the COVID-19 pandemic and its control measures in order to take timely action if the situation changes.
2) Risk of relying on personnel
The Company developed a Succession Plan and currently plans to develop its executives to be able to manage the business and reduce the risk of relying on such personnel.
3) Risk of exchange rate volatility
For transactions within the Group and with foreign partners, the company and its foreign partners will have both receipts and payments each month, and will recognize net income or expenses at the end of each month. This method will help reduce natural hedge risk. as well as will closely monitor the news and movements of exchange rates to assess the situation and find ways to hedge against exchange rate risks.
- Transported Asset Protection Association (TAPA)
- Q MARK certified the quality standard of truck transportation
- Carbon Footprint Standard Certified from Thailand Greenhouse Gas Management Organization (TGO) and ISO14064-1:2018
| as of 28/12/23 | ETL | TRANS | SET |
|---|---|---|---|
| P/E (X) | 19.43 | 47.39 | 18.42 |
| P/BV (X) | 1.56 | 2.72 | 1.36 |
| Dividend yield (%) | - | 1.94 | 3.32 |
| 28/12/23 | - | - | |
|---|---|---|---|
| Market Cap (MB) | 1,010.60 | N/A | N/A |
| Price (B/Share) | 1.63 | N/A | N/A |
| P/E (X) | 19.43 | N/A | N/A |
| P/BV (X) | 1.56 | N/A | N/A |