Risk factor
Very poor trading liquidity
Profitability factor
Solid dividends
About
Bangkok Sheet Metal Public Company Limited, alongside its affiliated entities, specializes in the production and distribution of a wide array of metal-formed products, serving both the Thai domestic market and international clients. Its comprehensive product range includes metal trunking systems, white conduits, communication racks, storage cabinets, and various enclosures. The company also supplies electrical switchboards, diverse lighting fixtures, and a variety of fabricated and metalworked components, such as sheet metal, pressed, machined, and assembled parts. Additionally, it offers solutions for mold and die manufacturing, along with essential machine tools and equipment. These provisions cater to a broad spectrum of applications, including residential and commercial buildings, offices, shopping centers, industrial facilities, and power generation plants. Complementing its product offerings, the company delivers specialized services in design, development, machinery, and automation. Its products are commercialized under the BM, BSM, BS, and BEST brand names. Founded in 1995, the company's main operational base is situated in Phra Pradaeng, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB