Risk factor
Low price volatility
Profitability factor
Solid dividends
About
Tipco Asphalt Public Company Limited, together with its subsidiary companies, specializes in the production and worldwide sale of asphalt and diverse petroleum-based goods. Its business operations are segmented into two core areas: Manufacturing and Trading, and Construction Services. The company's comprehensive product lineup features various asphalt types, including asphalt cement, polymer-modified asphalt, cutback asphalt, asphalt emulsion, modified asphalt emulsion, and premium-grade asphalt. Additionally, they provide specialized items such as premixes, joint sealers, joint primers, and coating applications. Their offerings also extend to lubricant products, encompassing engine, transmission, and hydraulic oils, alongside other petroleum derivatives like naphtha, gas, and fuel oils. Beyond manufacturing, Tipco Asphalt is involved in shipping management, agency services, and marine transportation, managing a fleet of eight asphalt tankers. The company was established in 1979 and is based in Bangkok, 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