Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Thai Nondestructive Testing Public Company Limited, an enterprise based in Bangkok, Thailand, specializes in delivering an extensive range of nondestructive engineering solutions throughout the country. Its operations are structured into three principal divisions: Nondestructive Testing (NDT) services, Inspection Services for Pressure Vessels, and Solar PV Rooftop projects. The company provides a broad spectrum of conventional NDT methods, which include eddy current, magnetic particle, liquid penetrant, radiography, visual inspection, ultrasonic, leak detection, alternative current field measurement, thermography imaging, and coating holiday detection. Furthermore, TNDT offers sophisticated NDT and inspection technologies such as column scanning, neutron backscattering, acoustic emission testing, advanced ultrasonic examinations, computerized radiography, eddy current array, phased array ultrasonic corrosion mapping, pipeline radiography, pipeline ultrasonic testing, tank floor scanning, tube inspection, and intelligent pigging. Beyond these core activities, the firm also participates in coal excavation and transportation for concession holders, generates and sells electricity from coal-fired thermal power plants, manages public utility systems, and furnishes engineering advisory. Established in 1982, the company has built a strong presence in its field.
Company Valuation
Considering past and projected metrics, the stock is 'expensive' compared to its peers. Specifically, the stock is overvalued on EV/EBITDA, reasonably priced on P/FC.