Valuation: Hwa Fong Rubber (Thailand)

Market Cap 2.65B 79.77M 69.7M 64M 59.69M 113M 7.59B 115M 771M 299M 3.72B 300M 293M 12.83B P/E 2024
7.37x
P/E 2025 13.7x
Enterprise Value 1.21B 36.51M 31.91M 29.3M 27.32M 51.8M 3.48B 52.67M 353M 137M 1.71B 137M 134M 5.88B EV / Sales 2024
0.55x
EV / Sales 2025 0.49x
Free-Float
22.32%
Yield 2024
6.7%
Yield 2025 6.46%
05-08 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026 CI
03-18 Hwa Fong Rubber Public Company Limited Announces Retirement of Lin, Wen Cheng as Director, Effective from April 27, 2026 CI
02-27 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2025 CI
02-26 Hwa Fong Rubber Public Company Limited Announces an Interim Cash Dividend to Common Shareholders , Payable on March 26, 2026 CI
11-04 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025 CI
01/08/25 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025 CI
02/05/25 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2025 CI
30/04/25 Hwa Fong Rubber Public Company Limited Approves No Dividend Payment for the Second Half of Year 2024 CI
27/02/25 Hwa Fong Rubber Public Company Limited Proposes Omit Dividend Payment for the Operating Period from 1 January 2024 to 31 December 2024 CI
27/02/25 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2024 CI
05/11/24 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 CI
07/08/24 Hwa Fong Rubber Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024 CI
07/08/24 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 21/06/2018
Director of Finance/CFO 61 31/12/2004
Corporate Secretary - -
Director TitleAgeSince
Director/Board Member 85 10/08/2012
Chairman 76 21/06/2018
Director/Board Member 49 20/04/2017
Change 5-day change 1-year change 3-year change Capi.($)
-.--%-.--% - - 79.48M
+2.12%+2.45%+9.49%+28.31% 26.43B
+0.57%+2.95%+17.20%+18.78% 26.27B
+2.38%+1.03%+86.43%+141.64% 7.17B
+1.07%+2.40%+1.46% - 5.76B
+2.10%+1.13%-10.44%+2.46% 5.3B
-0.45%-1.93%+5.94%+70.10% 5.05B
+0.29%+1.84%+24.97%+102.57% 3.56B
+0.81%+0.85%+30.32%+55.88% 3.42B
-10.44%+0.54%+407.37%+367.77% 3.36B
Average -0.26%+0.90%+63.64%+98.44% 9.59B
Weighted average by Cap. +0.75%+1.15%+33.20%+54.80%

Financials

2024 2025
Net sales 3.02B 91.14M 79.64M 73.13M 68.2M 129M 8.68B 131M 881M 341M 4.26B 342M 335M 14.66B 2.69B 81.08M 70.85M 65.06M 60.67M 115M 7.72B 117M 783M 304M 3.79B 304M 298M 13.05B
Net income 373M 11.25M 9.83M 9.03M 8.42M 15.96M 1.07B 16.23M 109M 42.12M 525M 42.24M 41.33M 1.81B 201M 6.05M 5.28M 4.85M 4.52M 8.58M 576M 8.72M 58.41M 22.64M 282M 22.7M 22.21M 973M
Net Debt -1.1B -33.07M -28.9M -26.54M -24.75M -46.91M -3.15B -47.71M -320M -124M -1.54B -124M -121M -5.32B -1.44B -43.25M -37.79M -34.71M -32.37M -61.36M -4.12B -62.39M -418M -162M -2.02B -162M -159M -6.96B
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