Siam Cement Public Co Ltd

TCM1

Equity

ISIN TH0003010Z12 / Valor 1596237

Deutsche Boerse AG (2024-12-23)

EUR 4.60+1.32%

Siam Cement Public Co Ltd
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About company

Siam Cement Public Co Ltd (SCG) is a prominent conglomerate based in Thailand, with a significant presence across the Association of Southeast Asian Nations (ASEAN). Established as a leader in the region, SCG operates through a diversified portfolio that spans across various industries, leveraging digital technology to innovate and enhance its offerings. The company's business operations are segmented into six core solutions, although the specific sectors are not detailed in the source, SCG is known to be involved in industries such as building materials, chemicals, and packaging. SCG's commitment to growth is matched by its dedication to sustainability and community development within ASEAN, aiming to deliver value not only to its customers but also to its employees and stakeholders. Through a combination of strategic business practices and a world-class team, SCG seeks to maintain its position as a key player in the region's economic landscape.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

In the financial results for 2023, Siam Cement Public Co Ltd reported a revenue from sales of 499,646 million Baht, which marks a decrease from the 569,609 million Baht recorded in 2022. This decline reflects the challenging market conditions faced by the company during the year.

Profit Increase

Siam Cement Public Co Ltd's profit for the year 2023 was 25,915 million Baht, showing an improvement from the 21,382 million Baht in 2022. This increase in profit indicates effective cost management and operational efficiency despite lower sales revenue.

Dividends and Payout Ratio

For 2023, Siam Cement Public Co Ltd declared dividends of 6.0 Baht per share, with a payout ratio of 27.8% on profit for the year. This is a reduction from the 8.0 Baht per share and 44.9% payout ratio in 2022, reflecting a more conservative approach to dividend distribution.

Asset and Liability Overview

As of 2023, Siam Cement Public Co Ltd's total assets stood at 893,601 million Baht, slightly down from 906,490 million Baht in 2022. Liabilities also saw a minor decrease to 452,004 million Baht from 454,066 million Baht, indicating a stable financial position.

Outlook and Financial Ratios

The company's return on equity for 2023 was 7.0%, up from 5.8% in 2022, suggesting improved profitability. The net debt to equity ratio remained stable at 0.6 times, indicating a balanced approach to leveraging and financial health.

Summarized from source with an LLMView Source

Key figures

-39.1%1Y

-57.0%3Y

-56.5%5Y

Performance

35.4%1Y

38.0%3Y

43.1%5Y

Volatility