ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Communications

Total Access Communication Public Co., Ltd.

  • 43.25 THB
  • +5.00
  • +13.07%
  • Thailand
    Jun 21, 2018
  • Ticker
    BKK(DTAC)
  • Prev. close
    38.25
  • Market cap (THB)
    90,568.77M
  • Market cap (USD)
    2,747.00M
  • Shares
    2,367.81M

Company Background

Total Access Communication is Thailand's second-largest mobile service provider with a market share of approximately 30%, operating under the "Dtac" brand. The company was founded by Thai tycoon Boonchai Bencharongkul in 1989 but has become a local arm of Norway's state-owned telecom giant Telenor.

Through its Singapore-based subsidiary, Telenor holds a direct shareholding of over 40%. Boonchai is the company chairman, but the Bencharongkul family, ranked as Thailand's 17th richest by Forbes, is now a minor shareholder. Operations are managed by executives from Telenor. In September 2014, Jon Eddy Abdullah, who had been Dtac's CEO since 2011 and Telenor Pakistan's CEO before that, suddenly stepped down. Vice Chairman Sigve Brekke, who also heads Telenor's Asia operations, is serving as interim CEO until a replacement is appointed. Brekke was Dtac's CEO from 2005 to 2008. Prior to joining Telenor in 1999, he served as Norway's deputy minister (state secretary) of defense from 1993 to 1996.

Dtac listed on the Singapore Stock Exchange in 1995 and on the Stock Exchange of Thailand in 2007. It became the first dual listing company in Thailand but delisted from Singapore in September 2014, citing thin trading.

Business Summary

Total Access Communication Public Co., Ltd. engages in the provision of wireless telecommunication services. Its products include prepaid and postpaid packages, aircards, handsets, and accessories. It operates through the Mobile telephone service and related services; and Sales of handsets and starter kits segments. The company was founded in August 1989 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue77,456.48M2,282.59M
Gross Profit17,210.86M507.19M
Operating income3,437.46M101.30M
Income before tax2,339.78M68.95M
Net income2,114.97M62.32M
EBITDA29,935.72M882.18M
Diluted EPS0.890.02
Dividends Per Share0.240.00
Total Assets114,500.58M3,513.36M
Total liabilities85,265.67M2,616.31M
Total equity29,234.29M897.03M
Operating cash flow27,335.05M805.54M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 94,457.44M 90,414.60M 87,269.49M 81,433.19M 77,456.48M
Gross Profit 29,077.54M 28,007.66M 23,828.04M 19,689.54M 17,210.86M
Operating income 15,749.57M 14,168.13M 8,339.87M 3,835.70M 3,437.46M
Income before tax 13,824.31M 13,268.68M 7,441.04M 2,581.52M 2,339.78M
Net income 10,569.38M 10,728.74M 5,893.11M 2,085.83M 2,114.97M
EBITDA 29,416.07M 30,776.74M 27,113.46M 26,972.78M 29,935.72M
Diluted EPS 4.46 4.53 2.49 0.88 0.89
Dividends Per Share 3.72 6.91 2.93 0.42 0.24
Total Assets 105,053.82M 106,426.10M 110,965.41M 115,378.97M 114,500.58M
Total liabilities 72,333.79M 73,827.67M 83,741.83M 88,233.78M 85,265.67M
Total equity 32,708.06M 32,591.32M 27,221.45M 27,144.44M 29,234.29M
Operating cash flow 24,080.90M 28,370.66M 24,775.83M 26,631.24M 27,335.05M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 3,073.86M 2,783.39M 2,546.33M 2,308.15M 2,282.59M
Gross Profit 946.25M 862.21M 695.24M 558.08M 507.19M
Operating income 512.52M 436.16M 243.33M 108.71M 101.30M
Income before tax 449.87M 408.47M 217.11M 73.17M 68.95M
Net income 343.95M 330.28M 171.94M 59.12M 62.32M
EBITDA 957.26M 947.45M 791.11M 764.52M 882.18M
Diluted EPS 0.14 0.13 0.07 0.02 0.02
Dividends Per Share 0.12 0.21 0.08 0.01 0.00
Total Assets 3,197.01M 3,234.83M 3,083.65M 3,221.93M 3,513.36M
Total liabilities 2,201.27M 2,244.00M 2,327.13M 2,463.90M 2,616.31M
Total equity 995.37M 990.61M 756.46M 758.00M 897.03M
Operating cash flow 783.64M 873.38M 722.90M 754.84M 805.54M

Valuation Measures

Dec 2017
PER55.05
ROA1.84%
ROE7.50%
Operating margin4.43%
Profit margin2.73%

Key executives

  • Chief Financial Officer: Dilip Pal
  • Chief Technology Officer: Prathet Tankuranun
  • Chief Digital Officer: Andrew Tor Oddvar Kvaalseth
  • Chief Corporate Affairs Officer: Rajiv Bawa
  • Chief Marketing Officer: Sitthichoke Nopchinabutr

Shareholders

  • Telenor ASA (42.6%)
  • Thai Telco Holdings Co Ltd. (22.4%)
  • Government of Thailand (5.5%)
  • Social Security Office of Thailand (2.1%)
  • Norges Bank Investment Management (1.9%)
  • BBL Asset Management Co., Ltd. (0.9%)
  • The Vanguard Group, Inc. (0.5%)
  • TMB Asset Management Co., Ltd. (0.1%)
  • Research Affiliates LLC (0.0%)
  • One Asset Management Ltd. (0.0%)

Contact Details

  • Website:http://www.dtac.co.th
  • Address: 319 Phayathai Road, 24-41 Fl., Chamchuri Square Building, Bangkok, 10330, Thailand
  • Phone: +66.2.202.8000

Related Companies

  • DTAC Broadband Co. Ltd.
  • DTAC Internet Service Co. Ltd.
  • DTAC Network Co. Ltd.
  • WorldPage Co. Ltd.
  • TAC Finance Co. BV
  • United Communication Industry Public Co. Ltd.

Competitors

  • Advanced Information Technology Public Co. Ltd.
  • Mono Technology Public Co., Ltd.
Last Updated on 21 Jun, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media