Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
WIIK Public Company Limited, together with its subsidiaries, operates as a leading manufacturer and distributor of a diverse range of plastic piping solutions across Thailand. These products include high-density polyethylene (HDPE) pipes and related fittings, low-density polyethylene pipes, polypropylene pipes, polybutylene pipes, and specialized Weholite spiro pipes. The company's activities are organized into two main divisions: the Polyethylene Pipe and Fittings Business and the Water Management Business. In its pipe division, WIIK supplies HDPE solid wall pipes for both public and private sectors, utilized in essential infrastructure like water pipelines, sewage networks, and cable conduits. They also produce structured wall HDPE pipes, suitable for various applications such as drainage, wastewater transport, intake and outfall systems, culverts, manholes, ventilation, pipe relining, and managing combined sewage overflow. Furthermore, the company manufactures HDPE water tanks, designed for efficient water management, ideal for rainwater harvesting, sewage containment, wastewater treatment, and bio-gas storage. Beyond manufacturing, WIIK provides expert HDPE pipe welding and installation services, along with comprehensive consulting, advisory, and support for their pipe system deployments. The Water Management Business is involved in the overall management and distribution of water resources. This segment undertakes the design, construction, and operation of complete water supply systems. Additionally, the company produces potable water through advanced ultra-filtration and reverse osmosis purification processes. Founded in 1983 and headquartered in Bangkok, Thailand, the company was initially known as Wiik & Hoeglund Public Company Limited before officially changing its name to WIIK Public Company Limited in December 2019.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITDA, undervalue