Ratings True Corporation

Equities

TRUE

THB231010000

End-of-day quote Thailand S.E. Other stock markets 03:30:00 14/05/2024 am IST			5-day change	1st Jan Change
8.5 ^THB	-0.58%		+4.29%	+68.32%

03/05	True Corporation Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
23/02	True Corporation Public Company Limited Provides Earnings Guidance for the Full Year 2024	CI

Summary

Overall, the company has poor fundamentals for a medium to long-term investment strategy.
Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
The company has a good ESG score relative to its sector, according to Refinitiv.

Strengths

The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
Given the positive cash flows generated by its business, the company's valuation level is an asset.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
Analysts covering this company mostly recommend stock overweighting or purchase.
Over the past four months, analysts' average price target has been revised upwards significantly.
Consensus analysts have strongly revised their opinion of the company over the past 12 months.

Weaknesses

The company sustains low margins.
One of the major weak points of the company is its financial situation.
With an expected P/E ratio at 181.12 and 44.32 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The company's enterprise value to sales, at 3.35 times its current sales, is high.
The company appears highly valued given the size of its balance sheet.
The company is not the most generous with respect to shareholders' compensation.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Wireless Telecommunications Services

	1st Jan change	Capi.	ESG Refinitiv
TRUE CORPORATION	+68.32%	8.03B	A-
T-MOBILE US	+1.30%	192B	C
AT&T INC.	+3.10%	124B	C
SOFTBANK GROUP CORP.	+32.64%	75.07B	B
KDDI CORPORATION	-1.76%	59.57B	C+
VODAFONE GROUP PLC	+6.88%	23.79B	B-
ADVANCED INFO SERVICE	-5.53%	16.57B	B+
TELENOR ASA	+9.52%	16.18B	B+
TAIWAN MOBILE CO., LTD.	+5.98%	9.84B	A
VODACOM GROUP LIMITED	-16.02%	9.7B	B

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders