Goodwill - Samart Telcoms PCL (SET:SAMTEL)

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Price: 3.94 THB 1.03%

Market Cap: ฿2.4B

Samart Telcoms PCL
Goodwill

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Annual

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Balance Sheet

Samart Telcoms PCL
Goodwill Peer Comparison

Company		Goodwill	CAGR 3Y	CAGR 5Y	CAGR 10Y
S	Samart Telcoms PCL SET:SAMTEL	Goodwill ฿108.1m	CAGR 3-Years 0%	CAGR 5-Years 0%	CAGR 10-Years 0%
	True Corporation PCL SET:TRUE	Goodwill ฿121.9B	CAGR 3-Years -1%	CAGR 5-Years N/A	CAGR 10-Years N/A

Samart Telcoms PCL
Glance View

Market Cap

2.4B THB

Industry

Telecommunication

Samart Telcoms Public Co. Ltd. engages in the provision of telecommunications, network system solutions, and information technology. The company is headquartered in Pak Kret, Nonthaburi. The company is involved in the provision of information technology (IT) and communication system design and installation services, and communication equipment and computer distribution, and repair and maintenance system. The company operates in three segments: Network infrastructure solutions, which provides services in telecommunications and data communication networks, from consulting services, survey, design, installation and implementation including along with management services including professional maintenance services; Enhanced technology solutions, which provides services from consulting, engineering design and software development, including outsourcing services and maintenance services for both government and private clients, and Business Application, which provides core banking solutions and electronic data interchange services.

View SAMTEL Analysis

SAMTEL Intrinsic Value

Undervaluation 42%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Samart Telcoms PCL
SET:SAMTEL

Samart Telcoms PCL
Goodwill

Samart Telcoms PCL
Goodwill Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Samart Telcoms PCL
Glance View

See Also

What is Samart Telcoms PCL's Goodwill?

Goodwill
108.1m THB

What is Samart Telcoms PCL's Goodwill growth rate?

Goodwill CAGR 10Y
0%

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52 Week Range	3.44 6.45
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Samart Telcoms PCL SET:SAMTEL

Samart Telcoms PCL Goodwill

Samart Telcoms PCL Goodwill Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Samart Telcoms PCL Glance View

See Also

What is Samart Telcoms PCL's Goodwill? Goodwill 108.1m THB

What is Samart Telcoms PCL's Goodwill growth rate? Goodwill CAGR 10Y 0%

Company

Help

Tools

Stocks

Samart Telcoms PCL
SET:SAMTEL

Samart Telcoms PCL
Goodwill

Samart Telcoms PCL
Goodwill Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Samart Telcoms PCL
Glance View

What is Samart Telcoms PCL's Goodwill?

Goodwill
108.1m THB

What is Samart Telcoms PCL's Goodwill growth rate?

Goodwill CAGR 10Y
0%