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Industrial Services

Italian-Thai Development Public Co., Ltd.

  • 3.08 THB
  • -0.06
  • -1.91%
  • Thailand
    Apr 19, 2018
  • Ticker
    BKK(ITD)
  • Prev. close
    3.14
  • Market cap (THB)
    16,578.70M
  • Market cap (USD)
    530.78M
  • Shares
    5,279.84M

Company Background

Italian-Thai Development is the largest construction contractor in Thailand. Its landmark construction projects include Bangkok's new international Suvarnabhumi Airport and the capital's mass transit subway system. The company was established in 1958 by a Thai Chaijudh Karnasuta and Italian Giorgio Berlingieri. Currently the company is run by an all-Thai management team led by members of the Karnasuta family. The current president Premchai Karnasuta is the second son of co-founder Chaijudh.

Premchai has been expanding the company's international operations with projects such as New Delhi's subway system and an expressway in Bangladesh's capital, Dhaka.

In 2010, the Myanmar government granted the company a 75-year lease and the right to develop an industrial district in its Dawei special economic zone, a site of 250 sq. km. But in November 2013, the Myanmar government announced its cancellation of the agreement in favor of a joint venture with the Thai government, due to its lack of confidence in Italian Thai's ability to finance the huge project. The company lost rights to the overall project, but hopes to construct ports and electricity power plants in the district.

Business Summary

Italian-Thai Development Public Co., Ltd. is engaged in the construction and development of real estate properties. Its services include construction of buildings, industrial plants, pipeline, and utility works for public infrastructure. The company was founded by Chaijudh Karnasuta and Giorgio Berlingieri on August 15, 1958 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue55,096.30M1,623.65M
Gross Profit6,572.92M193.70M
Operating income2,854.41M84.11M
Income before tax1,057.43M31.16M
Net income412.64M12.16M
EBITDA5,276.47M155.49M
Diluted EPS0.070.00
Dividends Per Share----
Total Assets87,829.37M2,694.97M
Total liabilities73,056.67M2,241.69M
Total equity13,225.80M405.82M
Operating cash flow-1,011.03M-29.79M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 43,913.07M 48,081.80M 51,297.49M 47,319.56M 55,096.30M
Gross Profit 4,654.85M 4,301.50M 4,408.81M 4,518.20M 6,572.92M
Operating income 2,739.27M 2,045.82M 1,366.96M 1,715.49M 2,854.41M
Income before tax 1,305.86M 563.32M -507.16M 177.17M 1,057.43M
Net income 907.37M 580.82M -361.74M -109.27M 412.64M
EBITDA 4,716.89M 4,058.40M 3,566.63M 4,144.68M 5,276.47M
Diluted EPS 0.20 0.11 -0.06 -0.02 0.07
Dividends Per Share 0 0 0 0.01 --
Total Assets 65,150.76M 73,189.91M 78,095.14M 78,119.71M 87,829.37M
Total liabilities 52,767.33M 57,842.18M 63,518.62M 63,786.32M 73,056.67M
Total equity 11,554.13M 13,982.11M 13,316.81M 12,972.17M 13,225.80M
Operating cash flow 3,510.62M -2,087.33M 780.08M 3,447.72M -1,011.03M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,429.03M 1,480.18M 1,496.74M 1,341.23M 1,623.65M
Gross Profit 151.47M 132.42M 128.63M 128.06M 193.70M
Operating income 89.14M 62.98M 39.88M 48.62M 84.11M
Income before tax 42.49M 17.34M -14.79M 5.02M 31.16M
Net income 29.52M 17.88M -10.55M -3.09M 12.16M
EBITDA 153.49M 124.93M 104.06M 117.47M 155.49M
Diluted EPS 0.00 0.00 -0.00 -0.00 0.00
Dividends Per Share 0 0 0 0.00 --
Total Assets 1,982.67M 2,224.61M 2,170.21M 2,181.47M 2,694.97M
Total liabilities 1,605.82M 1,758.12M 1,765.14M 1,781.21M 2,241.69M
Total equity 351.61M 424.98M 370.06M 362.24M 405.82M
Operating cash flow 114.24M -64.25M 22.76M 97.72M -29.79M

Valuation Measures

Dec 2017
PER50.63
ROA0.49%
ROE3.15%
Operating margin5.18%
Profit margin0.74%

Key executives

  • President, Managing Director & Director: Premchai Karnasuta
  • Executive Vice President-Finance: Chatichai Chutima
  • Senior Vice President-Technical & Estimate: Atipat Kaivalchatchaval
  • Director & Senior Executive Vice President: Nijaporn Charanachitta
  • Director & Senior Executive Vice President: Pathai Chakornbundit

Shareholders

  • KARNASUTA PREMCHAI (13.5%)
  • CHARANACHITTA NIJAPORN (6.9%)
  • WACHIRAPONG WICHAI (2.8%)
  • The Vanguard Group, Inc. (1.8%)
  • PHANSAICHUE PRAWIT (1.3%)
  • CHARANACHITTA CHITRAPHAN (0.9%)
  • VIJITPONGPUN THONGMA (0.9%)
  • CHARANACHITTA WALAITHIP (0.9%)
  • SAKHUNCHAIVANICH CHAIYA (0.8%)
  • JURANGKOOL THAVEECHAD (0.8%)

Contact Details

  • Website:http://www.itd.co.th
  • Address: 2034/132-161 Italthai Tower, New Petchburi Road, Bangkok, 10310, Thailand
  • Phone: +66.2.716.1600

Related Companies

  • ITD SNC
  • Myanmar Italian-Thai Power 1 Co., Ltd.
  • ITD Madagascar SA Co., Ltd.
  • Wildemere Co., Ltd.
  • Khunka Palangthai Co., Ltd.
  • Palit Palangngan Co., Ltd.
  • Asian Steel Product Co., Ltd.
  • Italian-Thai International Co., Ltd.
  • Italian-Thai Development (BVI) Co., Ltd.
  • Palang Thai Kaowna Co. Ltd.
  • SRMT Holdings Ltd.
  • Thai Pride Cement Co. Ltd.

Competitors

  • Nawarat Patanakarn Public Co. Ltd.
  • Sino-Thai Engineering & Construction Public Co. Ltd.
  • CH. Karnchang Public Co. Ltd.
  • Christiani & Nielsen Thailand Public Co. Ltd.
  • Unique Engineering & Construction Pcl
  • Syntec Construction Public Co. Ltd.
  • TRC Construction Public Co. Ltd.
  • Power Line Engineering Public Co., Ltd.
  • STP&I Public Co. Ltd.
  • Sriracha Construction Public Co. Ltd.
  • EMC Public Co. Ltd.
  • Pre-Built Public Co. Ltd.
  • TTCL Public Co. Ltd.
  • BJC Heavy Industries Public Company Ltd
  • Pylon Public Co. Ltd.
  • Seafco Public Co., Ltd.
  • Thai Polycon Public Company Ltd
  • Sahakol Equipment Public Company Ltd
  • Kore Potash Limited
Last Updated on 19 Apr, 2018

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