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    Insurance - Property & Casualty
Syn Mun Kong Insurance Public Company Limited

Syn Mun Kong Insurance Public Company Limited

SMK.BK
Syn Mun Kong Insurance Public Company LimitedTH flagStock Exchange of Thailand
0.07
THB
- -
- -
14.00MMarket Cap
Syn Mun Kong Insurance Public Company Limited
SMK.BK
(Stock Exchange of Thailand)

Recent

price

0.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
TTM
FRC
20.06
21.49
24.15
28.7
33.6
38.64
44.3
48.25
50.91
50.12
45.95
50.1
56.88
51.36
54.49
41.21
30.64
Revenue per Share
0.88
0.66
1.21
2.41
2.28
3.14
4.35
4.87
4.43
4.19
4.51
3.75
3.39
3.79
-23.77
-163.8
1.99
Basic EPS, GAAP
2.53
4.68
5.79
-81.36
4.96
-0.57
-0.94
-0.4
-0.58
-0.09
-0.15
-0.3
-0.3
-0.21
-0.13
-0.02
-0.02
Free Cash Flow per Basic Share
0.31
0.35
0.28
0.45
0.8
0.9
1.1
1.48
1.7
1.73
1.8
2.03
2.03
2.03
2.2
- -
- -
Dividend per Share
4.38
4.69
5.61
7.57
8.95
11.19
14.44
17.83
20.59
23.05
25.76
27.48
28.77
30.51
4.55
-159.08
-156.29
Book Value per Share
7.04
6.55
7.96
9.98
11.09
14.4
16.21
20.03
21.81
25.5
29.44
30
32.55
34.26
10.71
-152.72
-149.92
Tangible Book Value per Share
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
Basic Weighted Avg Shares
4,012
4,299
4,831
5,740
6,719
7,728
8,859
9,650
10,182
10,024
9,190
10,020
11,376
10,272
10,899
8,242
6,128
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
176
132
242
482
456
627
870
973
886
838
902
750
677
757
-4,754
-32,759
398
Net Income, GAAP
0.53
37.94
24.5
18.17
41.42
25.53
18.88
18.85
18.45
17.13
18.27
18.82
18.14
18.2
- -
- -
22.11
Effective Tax Rate (%)
4.38
3.07
5.01
8.39
6.78
8.11
9.82
10.09
8.7
8.36
9.81
7.48
5.96
7.37
-43.62
-397.49
6.5
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
67
69
43
22
LT Debt
1,416
1,321
1,606
2,015
2,235
2,899
3,260
4,025
4,380
5,118
5,913
6,024
6,544
6,901
2,197
-30,488
-29,932
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
25.97
14.53
23.51
36.52
27.58
31.14
33.95
30.17
23.07
19.21
18.47
14.08
12.04
12.73
- -
- -
-1.27
Return on Capital (%)
25.97
14.53
23.51
36.52
27.58
31.14
33.95
30.17
23.07
19.21
18.47
14.08
12.04
12.78
-135.58
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'23
Jun'23
Sep'23
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
38
27
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
200
200
Market Capitalization
676
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Mar'23
Jun'23
Sep'23
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
2,704
2,103
1,920
Accounts Receivable, Net
497
354
346
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
530
249
231
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-146.3%
-308.02%
-1,487.89%
Free Cash Flow
-2.37%
-11.28%
-85.95%
Net Income, GAAP
-10.94%
-30.65%
589.11%
Sales/Revenue/Turnover
1.38%
-1.08%
-24.38%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
2,452
2,674
3,184
2,589
10,899
2022
2,474
2,154
1,894
1,719
8,242
2023
1,549
1,471
1,389
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
0.88
-1.8
-18.31
- -
-23.77
2022
-147.11
-15.66
-0.24
- -
-163.8
2023
0.09
2.04
0.65
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
2.2
- -
- -
2.2
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
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Business
Syn Mun Kong Insurance Public Company Limited (SMK.BK) is a Thailand-based provider of non-life insurance products that ceased operations following regulatory action. The company offers fire insurance; marine and transportation insurance; motor insurance; personal accident insurance; and miscellaneous insurance covering health, cancer, travel, and other risks, primarily targeting individual and corporate customers in Thailand. Founded in 1951 and headquartered in Bangkok, it operated solely within the domestic market through a network of agents, partnered repair shops, and hospitals. In July 2024, Thailand's Finance Minister revoked its non-life insurance license due to insolvency stemming from heavy COVID-19-related claims, leading to the appointment of the General Insurance Fund as liquidator and a 60-day claims registration period. The company was barred from issuing new policies in late 2023 after a bankruptcy court rejected its rehabilitation plan, and its shares were delisted from the Stock Exchange of Thailand on November 7, 2024, following business dissolution. Prior to closure, SMK explored a majority stake sale in 2021 involving potential bidders like Assicurazioni Generali and Liberty Mutual, though no transaction materialized.