Valuation: Hwa Fong Rubber (Thailand)

Market Cap 268.64Cr 8.07Cr 7.01Cr 6.53Cr 6Cr 11Cr 767.82Cr 11Cr 77Cr 30Cr 383.82Cr 30Cr 30Cr 1.27TCr P/E 2024
7.37x
P/E 2025 13.7x
Enterprise Value 125.12Cr 3.76Cr 3.26Cr 3.04Cr 2.8Cr 5.29Cr 357.6Cr 5.35Cr 36Cr 14Cr 178.76Cr 14Cr 14Cr 592.31Cr 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.($)
-.--%-.--% - - 8Cr
-0.82%+0.62%+24.60%+34.44% 3.12TCr
-0.40%+0.46%+12.18%+19.46% 2.71TCr
+0.26%-2.48%+66.20%+139.37% 737.52Cr
-2.64%+0.07%+5.24%+20.58% 654.38Cr
-1.57%+2.51%+10.20% - 650.81Cr
+1.06%+9.62%-4.04%+30.73% 429.13Cr
-0.10%-0.84%+25.85%+122.08% 405.47Cr
-0.34%-2.52%+25.19%+54.67% 367.4Cr
-1.24%+0.53%+97.40%+79.66% 243.61Cr
Average -0.67%+0.40%+29.20%+62.63% 1.04TCr
Weighted average by Cap. -0.69%+0.31%+22.58%+43.68%

Financials

2024 2025
Net sales 302.44Cr 9.09Cr 7.89Cr 7.36Cr 6.76Cr 13Cr 864.43Cr 13Cr 87Cr 34Cr 432.12Cr 34Cr 33Cr 1.43TCr 269.06Cr 8.08Cr 7.02Cr 6.55Cr 6.01Cr 11Cr 769.02Cr 11Cr 77Cr 30Cr 384.42Cr 30Cr 30Cr 1.27TCr
Net income 37Cr 1.12Cr 97.4L 90.81L 83.43L 1.58Cr 106.7Cr 1.6Cr 11Cr 4.19Cr 53Cr 4.21Cr 4.12Cr 176.74Cr 20Cr 60.28L 52.34L 48.8L 44.83L 84.79L 57Cr 85.72L 5.75Cr 2.25Cr 29Cr 2.26Cr 2.21Cr 95Cr
Net Debt -109.74Cr -3.3Cr -2.86Cr -2.67Cr -2.45Cr -4.64Cr -313.66Cr -4.69Cr -31Cr -12Cr -156.8Cr -12Cr -12Cr -519.53Cr -143.53Cr -4.31Cr -3.74Cr -3.49Cr -3.21Cr -6.07Cr -410.22Cr -6.13Cr -41Cr -16Cr -205.06Cr -16Cr -16Cr -679.46Cr
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