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Process Industries

Siam Cement Public Co. Ltd.

  • 420.00 THB
  • +2.00
  • +0.48%
  • Thailand
    Sep 18, 2019
  • Ticker
    BKK(SCC)
  • Prev. close
    418.00
  • Market cap (THB)
    501,600M
  • Market cap (USD)
    16,428.38M
  • 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 2018 THBUSD
Revenue478,437.64M14,799.82M
Gross Profit91,874.43M2,842.01M
Operating income42,176.39M1,304.67M
Income before tax44,869.46M1,387.97M
Net income44,748.33M1,384.22M
EBITDA67,239.73M2,079.97M
Diluted EPS37.291.15
Dividends Per Share180.55
Total Assets589,787.38M18,113.86M
Total liabilities271,918.28M8,351.29M
Total equity277,096.52M8,510.33M
Operating cash flow68,833.91M2,129.28M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 487,545M 439,614M 423,442M 450,920.99M 478,437.64M
Gross Profit 76,800M 96,504M 102,570M 98,336.03M 91,874.43M
Operating income 33,183M 48,860M 55,591M 50,341.79M 42,176.39M
Income before tax 35,820M 49,500M 57,404M 55,241.55M 44,869.46M
Net income 33,615M 45,400M 56,084M 55,041.24M 44,748.33M
EBITDA 51,245M 69,630M 78,301M 75,173.81M 67,239.73M
Diluted EPS 28.01 37.83 46.74 45.87 37.29
Dividends Per Share 12.50 16 19 19 18
Total Assets 465,822M 509,981M 539,688M 573,412.03M 589,787.38M
Total liabilities 256,505M 266,975M 258,070M 271,587.11M 271,918.28M
Total equity 177,283M 206,161M 240,023M 261,097.57M 277,096.52M
Operating cash flow 49,083M 66,233M 82,184M 72,333.42M 68,833.91M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 15,008.97M 12,826.96M 12,002.12M 13,288.36M 14,799.82M
Gross Profit 2,364.27M 2,815.77M 2,907.26M 2,897.90M 2,842.01M
Operating income 1,021.53M 1,425.62M 1,575.68M 1,483.54M 1,304.67M
Income before tax 1,102.71M 1,444.30M 1,627.07M 1,627.93M 1,387.97M
Net income 1,034.83M 1,324.67M 1,589.65M 1,622.03M 1,384.22M
EBITDA 1,577.56M 2,031.64M 2,219.38M 2,215.32M 2,079.97M
Diluted EPS 0.86 1.10 1.32 1.35 1.15
Dividends Per Share 0.38 0.46 0.53 0.55 0.55
Total Assets 14,158.72M 14,172.04M 15,070.66M 17,594.72M 18,113.86M
Total liabilities 7,796.50M 7,419.06M 7,206.54M 8,333.44M 8,351.29M
Total equity 5,388.54M 5,729.08M 6,702.58M 8,011.58M 8,510.33M
Operating cash flow 1,511.01M 1,932.53M 2,329.44M 2,131.62M 2,129.28M

Valuation Measures

Dec 2018
PER11.69
ROA7.69%
ROE16.62%
Operating margin8.81%
Profit margin9.35%

Key executives

  • President, Chief Executive Officer & Director: Roongrote Rangsiyopash
  • Chief Financial Officer, VP-Finance & Investment: Thammasak Sethaudom
  • Executive VP & President-Chemicals Business: Cholanat Yanaranop
  • Vice President-Corporate Administration: Yuttana Jiamtragan
  • Director-Government Liaison & Public Affairs: Kalin Sarasin

Shareholders

  • MAHA VAJIRALONGKORN B (33.3%)
  • Social Security Office of Thailand (4.1%)
  • Randery Burahmaken Co. Ltd. (1.2%)
  • The Siam Cement Foundation (1.1%)
  • Nai Hang Rong Poon Phunueng Foundation (0.6%)
  • NANA SAK (0.5%)
  • Norges Bank Investment Management (0.5%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • APG Asset Management NV (0.4%)
  • Aberdeen Asset Managers Ltd. (0.2%)

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 Chemicals (Singapore) Pte Ltd.
  • SCG Ceramics Public Co. Ltd.
  • SCG Retail Holding Co. Ltd.
  • 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
  • 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 Sanitary Ware Co., Ltd.

Competitors

  • PT Indocement Tunggal Prakarsa Tbk
  • PT Semen Indonesia (Persero) Tbk
  • TPI Polene Public Co. Ltd.
  • BASF SE
  • Siam City Cement Public Co., Ltd.
  • DuPont de Nemours, Inc.
  • Lotte Chemical Corp.
  • PTT Global Chemical Plc
  • Formosa Petrochemical Corp
  • PETRONAS Chemicals Group Bhd.
  • Formosa Chemicals & Fibre Corporation
  • Saudi Basic Industries Corp.
  • LG Chem Ltd.
  • Reliance Industries Limited
  • Formosa Plastics Corporation
  • Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB
  • Ras Al Khaimah Ceramics PSC
  • Diamond Building Products Public Co. Ltd.
  • Etex S.A.
  • Kaset Thai International Sugar Corp. Public Co. Ltd.
  • PT Chandra Asri Petrochemical Tbk
  • IRPC Public Co., Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Banpu Public Co. Ltd.
Last Updated on 18 Sep, 2019

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