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Industrial Services

Italian-Thai Development Public Co., Ltd.

  • 2.16 THB
  • +0.04
  • +1.89%
  • Thailand
    May 17, 2019
  • Ticker
    BKK(ITD)
  • Prev. close
    2.12
  • Market cap (THB)
    11,193.32M
  • Market cap (USD)
    352.57M
  • Shares
    5,279.86M

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 2018 THBUSD
Revenue60,643.89M1,875.93M
Gross Profit6,560.59M202.94M
Operating income2,801.34M86.65M
Income before tax1,190.45M36.82M
Net income305.62M9.45M
EBITDA5,845.25M180.81M
Diluted EPS0.050.00
Dividends Per Share0.010.00
Total Assets98,014.73M3,010.28M
Total liabilities81,544.40M2,504.43M
Total equity13,803.99M423.95M
Operating cash flow-460.13M-14.23M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 48,081.80M 51,297.49M 47,319.56M 55,237.66M 60,643.89M
Gross Profit 4,301.50M 4,408.81M 4,518.20M 6,572.92M 6,560.59M
Operating income 2,045.82M 1,366.96M 1,715.49M 2,836.21M 2,801.34M
Income before tax 563.32M -507.16M 177.17M 1,057.43M 1,190.45M
Net income 580.82M -361.74M -109.27M 412.64M 305.62M
EBITDA 4,058.40M 3,566.63M 4,144.68M 5,258.28M 5,845.25M
Diluted EPS 0.11 -0.06 -0.02 0.07 0.05
Dividends Per Share 0 0 0.01 0 0.01
Total Assets 73,189.91M 78,095.14M 78,119.71M 87,829.37M 98,014.73M
Total liabilities 57,842.18M 63,518.62M 63,786.32M 73,056.67M 81,544.40M
Total equity 13,982.11M 13,316.81M 12,972.17M 13,225.80M 13,803.99M
Operating cash flow -2,087.33M 780.08M 3,447.72M -1,030.20M -460.13M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,480.18M 1,496.74M 1,341.23M 1,627.81M 1,875.93M
Gross Profit 132.42M 128.63M 128.06M 193.70M 202.94M
Operating income 62.98M 39.88M 48.62M 83.58M 86.65M
Income before tax 17.34M -14.79M 5.02M 31.16M 36.82M
Net income 17.88M -10.55M -3.09M 12.16M 9.45M
EBITDA 124.93M 104.06M 117.47M 154.95M 180.81M
Diluted EPS 0.00 -0.00 -0.00 0.00 0.00
Dividends Per Share 0 0 0.00 0 0.00
Total Assets 2,224.61M 2,170.21M 2,181.47M 2,694.97M 3,010.28M
Total liabilities 1,758.12M 1,765.14M 1,781.21M 2,241.69M 2,504.43M
Total equity 424.98M 370.06M 362.24M 405.82M 423.95M
Operating cash flow -64.25M 22.76M 97.72M -30.35M -14.23M

Valuation Measures

Dec 2018
PER36.96
ROA0.32%
ROE2.26%
Operating margin4.61%
Profit margin0.50%

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 (11.8%)
  • CHARANACHITTA NIJAPORN (6.6%)
  • WACHIRAPONG WICHAI (1.2%)
  • Dimensional Fund Advisors LP (1.1%)
  • VIJITPONGPUN THONGMA (1.0%)
  • CHARANACHITTA CHITRAPHAN (0.9%)
  • CHARANACHITTA WALAITHIP (0.9%)
  • SAKHUNCHAIVANICH CHAIYA (0.8%)
  • KARNASUTA PRATYA (0.7%)
  • PHANSAICHUE PRAWIT (0.7%)

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.
  • Siam Concrete & Brick Products 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.
  • Syntec Construction Public Co. Ltd.
  • TRC Construction Public Co. Ltd.
  • Christiani & Nielsen Thailand Public Co. Ltd.
  • CH. Karnchang Public Co. Ltd.
  • Unique Engineering & Construction Pcl
  • Power Line Engineering Public Co., Ltd.
  • STP&I Public Co. Ltd.
  • Sriracha Construction Public Co. Ltd.
  • Emc Public Company Limited
  • 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
  • Empresas Copec S.A.
Last Updated on 17 May, 2019

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