Valuation: Hwa Fong Rubber (Thailand)

Market Cap 264.69Cr 7.98Cr 6.97Cr 6.4Cr 5.97Cr 11Cr 759.38Cr 12Cr 77Cr 30Cr 372.47Cr 30Cr 29Cr 1.28TCr P/E 2024
7.37x
P/E 2025 13.7x
Enterprise Value 121.16Cr 3.65Cr 3.19Cr 2.93Cr 2.73Cr 5.18Cr 347.62Cr 5.27Cr 35Cr 14Cr 170.5Cr 14Cr 13Cr 587.5Cr EV / Sales 2024
0.55x
EV / Sales 2025 0.49x
Free-Float
22.32%
Yield 2024
6.7%
Yield 2025 6.46%
08/05 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026 CI
18/03 Hwa Fong Rubber Public Company Limited Announces Retirement of Lin, Wen Cheng as Director, Effective from April 27, 2026 CI
28/02 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2025 CI
26/02 Hwa Fong Rubber Public Company Limited Announces an Interim Cash Dividend to Common Shareholders , Payable on March 26, 2026 CI
04/11 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025 CI
02/25/02 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025 CI
02/25/02 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2025 CI
30/25/30 Hwa Fong Rubber Public Company Limited Approves No Dividend Payment for the Second Half of Year 2024 CI
27/25/27 Hwa Fong Rubber Public Company Limited Proposes Omit Dividend Payment for the Operating Period from 1 January 2024 to 31 December 2024 CI
27/25/27 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2024 CI
06/24/06 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 CI
07/24/07 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024 CI
07/24/07 Hwa Fong Rubber Public Company Limited Approves Interim Cash Dividend for Operating Period from January 1, 2024 to June 30, 2024, Payable on September 6, 2024 CI
Manager TitleAgeSince
Chief Executive Officer 76 22/06/2018
Director of Finance/CFO 61 01/01/2005
Corporate Secretary - -
Director TitleAgeSince
Director/Board Member 85 11/08/2012
Chairman 76 22/06/2018
Director/Board Member 49 21/04/2017
Change 5-day change 1-year change 3-year change Capi.($)
-.--%-.--% - - 7.95Cr
+2.12%+2.45%+9.49%+28.31% 2.64TCr
+1.17%+2.51%+17.38%+19.56% 2.63TCr
+2.36%+4.26%+86.36%+144.89% 716.88Cr
+1.07%+1.39%+1.35% - 575.59Cr
+2.10%-2.02%-11.32%+2.46% 530.49Cr
-0.45%-0.30%+5.60%+70.10% 505.14Cr
+0.57%+0.47%+23.76%+103.14% 355.85Cr
+1.70%+1.52%+31.30%+56.91% 342.11Cr
-10.44%+1.13%+390.90%+367.77% 335.75Cr
Average +0.04%+1.03%+61.65%+99.14% 959.09Cr
Weighted average by Cap. +1.10%+1.50%+32.51%+55.41%

Financials

2024 2025
Net sales 302.44Cr 9.11Cr 7.96Cr 7.31Cr 6.82Cr 13Cr 867.7Cr 13Cr 88Cr 34Cr 425.6Cr 34Cr 33Cr 1.47TCr 269.06Cr 8.11Cr 7.09Cr 6.51Cr 6.07Cr 12Cr 771.92Cr 12Cr 78Cr 30Cr 378.62Cr 30Cr 30Cr 1.3TCr
Net income 37Cr 1.13Cr 98.31L 90.27L 84.19L 1.6Cr 107.11Cr 1.62Cr 11Cr 4.21Cr 53Cr 4.22Cr 4.13Cr 181.02Cr 20Cr 60.46L 52.83L 48.51L 45.24L 85.76L 58Cr 87.21L 5.84Cr 2.26Cr 28Cr 2.27Cr 2.22Cr 97Cr
Net Debt -109.74Cr -3.31Cr -2.89Cr -2.65Cr -2.47Cr -4.69Cr -314.85Cr -4.77Cr -32Cr -12Cr -154.43Cr -12Cr -12Cr -532.12Cr -143.53Cr -4.33Cr -3.78Cr -3.47Cr -3.24Cr -6.14Cr -411.77Cr -6.24Cr -42Cr -16Cr -201.97Cr -16Cr -16Cr -695.93Cr
Logo Hwa Fong Rubber (Thailand)
Hwa Fong Rubber (Thailand) Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and distribution of tires and tubes for bicycles, motorcycles and small logistics vehicles. The Company’s product range includes motorcycle, bicycle, ATV, agriculture and industrial, golf car, and accessories. Its motorcycle products include sport tire, scooter tire, vintage tire, big bike tire, motocross tire and tube. Its bicycle products include mountain bike, road racing bike, city and touring bike, BMX, free style bike, electric bike, and tube. The Company’s segments include Sales of goods and services, and Investing. Its subsidiaries include HFT Holding Co., Ltd. and PT. Hwa Fong Rubber Indonesia. HFT Holding Co., Ltd. is engaged in the investment in bonds and securities, and wholesale and retail trading of tires and tubes and equipment. PT. Hwa Fong Rubber Indonesia is involved in the manufacturing and distribution of tires and tubes for bicycles and motorcycles.
Employees
1,555