| 2023 | 2022 | 2021 | 2020 |
|---|
| Revenues | 22,851.75 | 26,084.22 | 17,482.58 | 15,370.10 |
| Expenses | 21,664.06 | 24,259.49 | 16,070.64 | 14,673.33 |
| Net Profit (Loss) | 924.48 | 1,771.88 | 1,407.62 | 686.49 |
| Assets | 15,443.73 | 17,064.95 | 15,067.98 | 10,645.47 |
| Liabilities | 8,652.25 | 10,575.20 | 9,863.20 | 6,607.06 |
| Shareholders' Equity | 6,782.14 | 6,480.13 | 5,204.78 | 4,038.41 |
| Operating | 1,786.86 | 947.20 | -1,144.54 | 1,102.26 |
| Investing | -33.57 | -796.62 | -378.09 | 593.00 |
| Financing | -1,552.01 | -20.02 | 865.37 | -1,333.09 |
| EPS (Baht) | 0.43 | 0.82 | 0.65 | 0.32 |
| GP Margin (%) | 8.13 | 9.21 | 11.33 | 8.39 |
| NP Margin (%) | 4.04 | 6.79 | 8.05 | 4.47 |
| D/E Ratio (x) | 1.27 | 1.63 | 1.90 | 1.64 |
| ROE (%) | 13.94 | 30.33 | 30.46 | 18.29 |
| ROA (%) | 7.19 | 12.12 | 11.62 | 7.87 |
SVI cultivates long-term, mutually beneficial relationships with its customers, primarily renowned and mid-sized Original Equipment Manufacturers (OEMs). These partnerships are built on trust and a deep understanding of our industry. We collaborate closely with them to optimize material and capacity planning, facilitating both their growth and ours.
- Environment - SVI has set targets for various reductions to be achieved by 2025. We have set a reduction of 15% of energy consumption from fossil fuel based on per revenue basis and increase renewable energy used in our operations to 12% of total energy usage. For green house gas, we have set a target for reduction by 5% based on per revenue basis. For waste management, we have set a target for zero landfill to be achieved by 2025 and a total waste reduction per revenue bases of 7.5%.
- Social - SVI has set targets to have zero case of human rights violation along our value chain as well as requirement 100% internal human rights training for all employees and suppliers. For occupational health and safety, we have set a target for zero work-related fatality and zero work related high consequence accidents and require that 100% of our employees and workers to receive safety training prior to entering work premises. For employee engagement and development, we have set a target to have our turnover rate to less than 30% as well as to receive a score of at least 4.5 out of 5 for employee engagement survey.
The recently expanded facilities in Cambodia and Slovakia will provide a strong foundation for SVI’s growth as they are able to provide immediate available capacity to existing and new customers. As part of the near-shoring effort within the electronics manufacturing industry, with over 11,000 sqm., our Slovakia factory has seen significant interest from European industrials, automotive and e-mobility customers. Our Cambodia factory, located in an industrial zone 10 minutes from Phenom Penh international airport with the facility 35,000 sqm. The site will be key to SVI’s grow as we aim to attract customers looking to manufacture outside of China. In terms of R&D, in 2023 we have successfully launched SVI’s owned designed EV charger under the brand Boston Electronics with a focus on product design and development. We are focused on developing software and applications that will help us become more automated in our manufacturing process, supply chain and finance functions.
The Company’s posted Consolidated Revenues for 2023 of THB 22,691 million (USD 655.3 million), a decrease of 12.4% from 2022 of THB 25,898 million (USD 740.5 million). Compared 2021, consolidated revenue in 2023 increased by THB 5,292 million (USD 111.3 million) or 30.4%. Revenues contributed by subsidiaries in Europe was THB 5,443 million (USD 157.3 million), Cambodia was THB 1,948 million (USD 56.0 million) and Tohoku Solutions was THB 1,072 million (USD 31.0 million). The key segments that contributed the most to the Company’s revenue were Communication & Network, Industrial Control, Audio & Video and Automotive.
- 2021 Acquired Tohuku Pioneer (Thailand) Co., Ltd. and changed the name to be “Tohoku Solutions Co., Ltd.” to expand the vertical capabilities of the company.
- 2022 Successfully entered into the electric vehicle (EV) market and Finished SVI Slovakia expansion, facility more than 11,500 sq.m.
- 2023 Finished SVI (AEC) expansion, facility more than 34,200 sq.m.
- Business Operation Risk The Company recognizes the criticality of raw material procurement and gives priority to factors such as price, quality, and delivery time. Moreover, the company mitigate risk by not heavily relying on a group of customer and product.
- Technology Risk The company participate in product research and development with customers. It also collaborates with research and technology development agencies to enhance efficiency and facilitate desired research.
- Financial Risk The Company has a natural hedge system, it additionally manages exchange rate risk by using forward exchange contracts as a tool to hedge against the risk of exchange rate volatility.
Certification:
- ISO9001 - Quality Management System
- IATF16949 - Automotive Quality Management System
- ISO13485 - Medical Devices Quality Management System
- AS/EN9100 - Quality Management System for Aerospace Industry
- ISO14001 - Environmental Management System
- ISO45001 - Occupational Health & Safety Management Systems
- ISO/IEC27001 - Information Security Management System
| as of 28/12/23 | SVI | ETRON | SET |
|---|---|---|---|
| P/E (X) | 12.63 | 49.14 | 18.42 |
| P/BV (X) | 2.29 | 8.34 | 1.36 |
| Dividend yield (%) | 3.71 | 0.70 | 3.32 |
| 28/12/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 15,072.47 | 20,778.48 | 17,147.87 |
| Price (B/Share) | 7.00 | 9.65 | 7.90 |
| P/E (X) | 12.63 | 11.20 | 18.18 |
| P/BV (X) | 2.29 | 3.48 | 3.67 |
