The Siam Cement Public Company Limited: Company Profile and SWOT Analysis by ICDResearch

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									The Siam Cement Public Company Limited

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The Siam Cement Public Company                                              Financial Snapshot

Limited                                                                     Operating Performance

Fast Facts                                                                  The company reported revenues of US$9,431.08
                                                                            million during 2010, with a CAGR of 8.49% during
                                          1 Siam Cement Road, Bangkok,      2006–2010. Its revenue grew at an annual rate of
Headquarters Address
                                          10800,Thailand                    36.61% over the previous fiscal year. In 2010, the
                                                                            company recorded an operating margin of 18.40%, as
Telephone                                 + 66 2 5864444
                                                                            against 16.17% in 2009.
Fax                                       N/A
                                                                            Revenue and Margins
Website                                   www.siamcement.comenindex.php

                                          SCC, Stock Exchange of Thailand
Ticker Symbol, Stock Exchange
                                          (Bangkok)

Number of Employees                       24,000

Fiscal Year End                           December

Revenue (in US$ million)                  9,431.08

Revenue (in THB million)                  301,323.13




                                                                            Return on Equity
SWOT Analysis                                                               The company recorded a return on equity (ROE) of
                                                                            28.08% for 2010, as compared to its peers, Diamond
Strengths                                 Weaknesses                        Roofing Tiles Public Company Limited (Ticker: DRT),
                                                                            TPI Polene Public Company Limited (Ticker: TPIPL)
Diversified businesses                    Declining profitability           and Chonburi Concrete Product Public Co. Ltd.
                                                                            (Ticker: CCP), which recorded ROEs of 24.36%,
                                                                            4.19% and -0.73% respectively. The company
Improving solvency position               Legal allegations                 reported an operating margin of 18.40% in 2010.

Innovative developments
                                                                            Return on Equity

Opportunities                             Threats

Demand for green building materials       Political Instability

Global expansion and penetration          Stringent regulations

Investments in Thai construction sector




                                                                            Liquidity Position

                                                                            The company reported a current ratio of 1.70 in 2010,
                                                                            as compared to its peers, Diamond Roofing Tiles
                                                                            Public Company Limited, TPI Polene Public Company
                                                                            Limited and Chonburi Concrete Product Public Co.
                                                                            Ltd., which recorded current ratios of 1.98, 0.63 and
                                                                            0.45 respectively. As of December 2010, the
                                                                            company recorded cash and short-term investments
                                                                            of worth US$2,185.51 million, against US$1,004.35
                                                                            million current debt. The company reported a debt to
                                                                            equity ratio of 1.15 in 2010 as compared to its peers,
                                                                            Diamond Roofing Tiles Public Company Limited, TPI
                                                                            Polene Public Company Limited and Chonburi
                                                                            Concrete Product Public Co. Ltd., which recorded
                                                                            debt to equity ratios of 0.11, 0.04 and 4.50
                                                                            respectively.




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The Siam Cement Public Company Limited - SWOT                                                                       Page 1
Profile
The Siam Cement Public Company Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Operational Efficiency ......................................................................................................................................13
      2.2.5       Solvency ..........................................................................................................................................................14
      2.2.6       Valuation ..........................................................................................................................................................15
    2.3       Competitive Benchmarking ..................................................................................................................................16
      2.3.1       Efficiency ..........................................................................................................................................................16
      2.3.2       Capital Expenditure ..........................................................................................................................................17
      2.3.3       Valuation ..........................................................................................................................................................18
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................19
      2.3.5       Liquidity ............................................................................................................................................................20
3     Mergers & Acqui
								
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