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Process Industries

Siam Cement Public Co. Ltd.

  • 482.00 THB
  • -4.00
  • -0.82%
  • Thailand
    Apr 20, 2018
  • Ticker
    BKK(SCC)
  • Prev. close
    486.00
  • Market cap (THB)
    583,200M
  • Market cap (USD)
    18,620.70M
  • Shares
    1,200M

Company Background

Siam Cement is Thailand's largest producer of construction materials. The holding company's three main units are cement and building materials, chemical products and paper. The Cotto ceramics brand is part of its cement and building materials business.

Siam Cement was established in 1913 following a royal decree by His Majesty King Rama VI to produce cement for the increased number of infrastructure projects at that time. The boom in construction was aimed at accelerating the country's economic development. The Crown Property Bureau is still the group's largest shareholder, controlling a 30% stake.

Kan Trakulhoon became CEO of Siam Cement in 2006. He assumed the leadership after filling various managerial posts in areas including the chemical, cement and ceramics sectors.

The company is now pushing to expand abroad ahead of the Asean Economic Community, due to begin at the end of 2015. Most of the company's 250-billion-baht (about $7.7 billion) investment is earmarked for projects outside Thailand over the five years through 2019. Four new cement plants are already in the pipeline for Indonesia, Cambodia, Myanmar and Laos. By increasing overseas production, Kan is aiming for a 2019 target of almost 50% of the Siam Cement global workforce being outside of Thailand, up from the current ratio of 30%.

Business Summary

The Siam Cement Public Co. Ltd. is an investment holding company, which engages in the business of industrial supplies and construction industries. It operates through the following segments: SCG Cement-Building Materials, SCG Chemicals, SCG Packaging, and Other. The SCG Cement-Building Materials segment manufactures and sells of grey cement, ready-mixed concrete, white cement, dry mortar, roof tiles, concrete paving blocks, ceramic tiles, sanitary wares, and sanitary fittings; and distribution of cement, building and decorative products, as well as importing fuel products, waste paper, and scrap iron. The SCG Chemicals segment manufactures and sells of olefins, polyolefins and other chemical products. The SCG Packaging segment manufacture and sells of pulp, printing and writing paper, gypsum linerboard, kraft paper and corrugated boxes. The Other segment jointly invests with leading companies in other businesses, mainly agricultural machine, automotive parts and components and steel, as well as other services. The company was founded on June 14, 1913 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue450,920.99M13,288.36M
Gross Profit98,336.03M2,897.90M
Operating income50,341.79M1,483.54M
Income before tax55,241.55M1,627.93M
Net income55,041.24M1,622.03M
EBITDA75,173.81M2,215.32M
Diluted EPS45.871.35
Dividends Per Share190.55
Total Assets573,412.03M17,594.72M
Total liabilities271,587.11M8,333.44M
Total equity261,097.57M8,011.58M
Operating cash flow72,333.42M2,131.62M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 434,251M 487,545M 439,614M 423,442M 450,920.99M
Gross Profit 70,199M 76,800M 96,504M 102,570M 98,336.03M
Operating income 31,168M 33,183M 48,860M 55,591M 50,341.79M
Income before tax 36,071M 35,820M 49,500M 57,404M 55,241.55M
Net income 36,522M 33,615M 45,400M 56,084M 55,041.24M
EBITDA 46,886M 51,245M 69,630M 78,301M 75,173.81M
Diluted EPS 30.44 28.01 37.83 46.74 45.87
Dividends Per Share 15.50 12.50 16 19 19
Total Assets 440,688M 465,822M 509,981M 539,688M 573,412.03M
Total liabilities 253,927M 256,505M 266,975M 258,070M 271,587.11M
Total equity 161,538M 177,283M 206,161M 240,023M 261,097.57M
Operating cash flow 43,603M 49,083M 66,233M 82,184M 72,333.42M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 14,131.52M 15,008.97M 12,826.96M 12,002.12M 13,288.36M
Gross Profit 2,284.43M 2,364.27M 2,815.77M 2,907.26M 2,897.90M
Operating income 1,014.27M 1,021.53M 1,425.62M 1,575.68M 1,483.54M
Income before tax 1,173.83M 1,102.71M 1,444.30M 1,627.07M 1,627.93M
Net income 1,188.50M 1,034.83M 1,324.67M 1,589.65M 1,622.03M
EBITDA 1,525.77M 1,577.56M 2,031.64M 2,219.38M 2,215.32M
Diluted EPS 0.99 0.86 1.10 1.32 1.35
Dividends Per Share 0.50 0.38 0.46 0.53 0.55
Total Assets 13,411.07M 14,158.72M 14,172.04M 15,070.66M 17,594.72M
Total liabilities 7,727.54M 7,796.50M 7,419.06M 7,206.54M 8,333.44M
Total equity 4,915.94M 5,388.54M 5,729.08M 6,702.58M 8,011.58M
Operating cash flow 1,418.94M 1,511.01M 1,932.53M 2,329.44M 2,131.62M

Valuation Measures

Dec 2017
PER10.55
ROA9.88%
ROE21.96%
Operating margin11.16%
Profit margin12.20%

Key executives

  • President, Chief Executive Officer & Director: Roongrote Rangsiyopash
  • Chief Financial Officer, VP-Finance & Investment: Chaovalit Ekabut
  • Senior Vice President: Cholanat Yanaranop
  • Vice President-Corporate Administration: Yuttana Jiamtragan
  • President-SCG Packaging: Tanawong Areeratchakul

Shareholders

  • MAHA VAJIRALONGKORN B (31.5%)
  • Social Security Office of Thailand (2.7%)
  • CPB Equity Co. Ltd. (1.4%)
  • Randery Burahmaken Co. Ltd. (1.2%)
  • The Siam Cement Foundation (1.1%)
  • APG Asset Management NV (0.8%)
  • Nai Hang Rong Poon Phunueng Foundation (0.6%)
  • BBL Asset Management Co., Ltd. (0.6%)
  • NANA SAK (0.5%)
  • GIC Pte Ltd. (Investment Management) (0.5%)

Contact Details

  • Website:http://www.scg.co.th
  • Address: 1 Siam Cement Road, Bangsue, Bangkok, 10800, Thailand
  • Phone: +66.2.586.4444

Related Companies

  • SCG Trading Philippines, Inc.
  • Siam Cement Group Provident Fund
  • SCG Packaging Public Co. Ltd.
  • AddVentures
  • SCG Trading Australia Pty Ltd.
  • Cementhai SCT (Jordan) LLD
  • SCG Trading Hong Kong Ltd.
  • AP Packaging (Hanoi) Co. Ltd
  • SCG Trading USA, Inc.
  • SCG Sourcing Co. Ltd.
  • Energy & Environmental Services Co. Ltd.
  • Khmer Cement Industry Co., Ltd.
  • PT Pion Quarry Nusantara
  • PT Boral Indonesia
  • PT Boral Pipe & Precast Indonesia
  • Sosuco & Group (2008) Co. Ltd.
  • SCIeco Services Co. Ltd.
  • SCG Experience Co. Ltd.
  • Construction Material Marketing Co. Ltd.
  • SCG Trading Co. Ltd.
  • Pan Supplies Co. Ltd.
  • SCG Accounting Services Co. Ltd.
  • Siam Fiberglass Co. Ltd.
  • Cementhai Chemicals Co. Ltd.
  • SCG Legal Counsel Ltd.
  • Siam Construction Steel Co. Ltd.
  • Q-Con Eastern Co. Ltd.
  • Siam Stabilizers & Chemicals Co. Ltd.
  • Siam Sanitary Ware Co., Ltd.
  • PT SCG Readymix Indonesia

Competitors

  • PT Indocement Tunggal Prakarsa Tbk
  • TPI Polene Public Co. Ltd.
  • PT Semen Indonesia (Persero) Tbk
  • DowDuPont Inc.
  • LafargeHolcim Ltd.
  • Siam City Cement Public Co., Ltd.
  • PTT Global Chemical Plc
  • Lotte Chemical Corp.
  • Formosa Petrochemical Corp
  • PETRONAS Chemicals Group Bhd.
  • Saudi Basic Industries Corp.
  • BASF SE
  • Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB
  • Ras Al Khaimah Ceramics PSC
  • Diamond Building Products Public Co. Ltd.
  • Lotte Chemical Titan Holdings Bhd
  • PT Chandra Asri Petrochemical Tbk
  • IRPC Public Co., Ltd.
  • Kaset Thai International Sugar Corp. Public Co. Ltd.
Last Updated on 20 Apr, 2018

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