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IVL (Indorama Ventures PCL) Stock Analysis
Buy, Hold or Sell?

Let's analyze Indorama Ventures PCL together

I guess you are interested in Indorama Ventures PCL. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📊 Fundamental Analysis (FA) – Indorama Ventures PCL’s Financial Insights
  • 📈 Technical Analysis (TA) – Indorama Ventures PCL’s Price Targets

I'm going to help you getting a better view of Indorama Ventures PCL. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Indorama Ventures PCL (30 sec.)










1.2. What can you expect buying and holding a share of Indorama Ventures PCL? (30 sec.)

How much money do you get?

How much money do you get?
฿0.02
When do you have the money?
1 year
How often do you get paid?
97.5%

What is your share worth?

Current worth
฿24.92
Expected worth in 1 year
฿18.85
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
฿-5.37
Return On Investment
-26.1%

For what price can you sell your share?

Current Price per Share
฿20.60
Expected price per share
฿17.97 - ฿21.61
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Indorama Ventures PCL (5 min.)




Live pricePrice per Share (EOD)
฿20.60
Intrinsic Value Per Share
฿-18.15 - ฿40.35
Total Value Per Share
฿6.77 - ฿65.27

2.2. Growth of Indorama Ventures PCL (5 min.)




Is Indorama Ventures PCL growing?

Current yearPrevious yearGrowGrow %
How rich?$4.3b$5.7b-$1.1b-26.1%

How much money is Indorama Ventures PCL making?

Current yearPrevious yearGrowGrow %
Making money-$167.6m-$84m-$83.6m-49.9%
Net Profit Margin-3.7%-2.1%--

How much money comes from the company's main activities?

2.3. Financial Health of Indorama Ventures PCL (5 min.)




2.4. Comparing to competitors in the Chemicals industry (5 min.)




  Industry Rankings (Chemicals)  


Richest
#24 / 305

Most Revenue
#15 / 305

Most Profit
#297 / 305

Most Efficient
#230 / 305
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Indorama Ventures PCL?

Welcome investor! Indorama Ventures PCL's management wants to use your money to grow the business. In return you get a share of Indorama Ventures PCL.

First you should know what it really means to hold a share of Indorama Ventures PCL. And how you can make/lose money.

Speculation

The Price per Share of Indorama Ventures PCL is ฿20.60. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Indorama Ventures PCL.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Indorama Ventures PCL, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ฿24.92. Based on the TTM, the Book Value Change Per Share is ฿-1.52 per quarter. Based on the YOY, the Book Value Change Per Share is ฿-1.09 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ฿0.18 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Indorama Ventures PCL.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 ฿% of Price per Share฿% of Price per Share฿% of Price per Share฿% of Price per Share฿% of Price per Share฿% of Price per Share
Usd Eps-0.010.0%-0.03-0.1%-0.02-0.1%-0.010.0%0.010.0%0.010.1%
Usd Book Value Change Per Share0.010.0%-0.05-0.2%-0.03-0.2%-0.02-0.1%0.000.0%0.010.0%
Usd Dividend Per Share0.000.0%0.010.0%0.010.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.010.0%-0.04-0.2%-0.02-0.1%-0.01-0.1%0.010.0%0.020.1%
Usd Price Per Share0.60-0.68-0.86-0.93-1.03-1.11-
Price to Earnings Ratio-20.86-8.22-105.91-56.16--12.22-6.68-
Price-to-Total Gains Ratio110.98-18.12-26.09-8.77-6.57-12.18-
Price to Book Ratio0.78-0.85-0.84-0.92-1.10-1.48-
Price-to-Total Gains Ratio110.98-18.12-26.09-8.77-6.57-12.18-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.63654
Number of shares1570
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share-0.050.00
Usd Total Gains Per Share-0.040.01
Gains per Quarter (1570 shares)-65.1210.59
Gains per Year (1570 shares)-260.4742.37
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
134-294-27049-732
268-589-53098-1374
3102-883-790147-20116
4136-1178-1050196-27158
5170-1472-1310245-34200
6204-1767-1570295-40242
7238-2061-1830344-47284
8272-2355-2090393-54326
9306-2650-2350442-61368
10340-2944-2610491-67410

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share2.02.00.050.0%8.04.00.066.7%15.05.00.075.0%34.06.00.085.0%56.09.01.084.8%
Book Value Change Per Share1.03.00.025.0%6.06.00.050.0%12.08.00.060.0%28.012.00.070.0%45.019.02.068.2%
Dividend per Share3.00.01.075.0%11.00.01.091.7%19.00.01.095.0%39.00.01.097.5%60.00.06.090.9%
Total Gains per Share1.03.00.025.0%6.06.00.050.0%12.08.00.060.0%28.012.00.070.0%48.017.01.072.7%
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3.2. Key Performance Indicators

The key performance indicators of Indorama Ventures PCL compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.176-1.517+964%-1.087+719%-0.752+528%-0.035+120%0.299-41%
Book Value Per Share--24.92026.357-5%33.233-25%32.338-23%30.472-18%25.576-3%
Current Ratio--0.9690.993-2%0.981-1%1.032-6%1.036-7%1.134-15%
Debt To Asset Ratio--0.7440.735+1%0.701+6%0.706+5%0.700+6%0.661+12%
Debt To Equity Ratio--3.2033.140+2%2.572+25%2.675+20%2.571+25%2.156+49%
Dividend Per Share---0.175-100%0.296-100%0.281-100%0.253-100%0.255-100%
Enterprise Value---296516681000.000-269107309450.000-9%-259380663650.000-13%-241555564200.000-19%-189567531110.000-36%-79362728837.360-73%
Eps---0.234-0.967+314%-0.492+111%-0.240+3%0.218-207%0.425-155%
Ev To Sales Ratio---0.626-0.517-17%-0.480-23%-0.435-31%-0.375-40%-0.138-78%
Free Cash Flow Per Share--1.3690.792+73%0.967+42%1.136+20%1.074+27%0.856+60%
Free Cash Flow To Equity Per Share--0.354-0.183+152%0.063+458%0.440-20%0.435-19%0.933-62%
Gross Profit Margin--1.000-1.640+264%-13.859+1486%-5.519+652%-5.667+667%-3.415+442%
Intrinsic Value_10Y_max--40.349----------
Intrinsic Value_10Y_min---18.145----------
Intrinsic Value_1Y_max--4.477----------
Intrinsic Value_1Y_min--2.551----------
Intrinsic Value_3Y_max--13.121----------
Intrinsic Value_3Y_min--3.926----------
Intrinsic Value_5Y_max--21.366----------
Intrinsic Value_5Y_min--1.192----------
Market Cap115659730329.600+5%109483764000.000124362326800.000-12%156084545600.000-30%168927833300.000-35%187076872640.000-41%200951808212.640-46%
Net Profit Margin---0.011-0.037+235%-0.021+92%-0.013+18%0.009-223%0.029-139%
Operating Margin----0.0170%0.005-100%0.008-100%0.033-100%0.046-100%
Operating Ratio--1.8621.193+56%0.982+90%1.043+79%1.000+86%0.974+91%
Pb Ratio0.827+5%0.7820.845-7%0.839-7%0.921-15%1.101-29%1.478-47%
Pe Ratio-22.037-6%-20.8618.221-354%105.914-120%56.164-137%-12.221-41%6.680-412%
Price Per Share20.600+5%19.50022.150-12%27.800-30%30.088-35%33.320-41%35.791-46%
Price To Free Cash Flow Ratio3.763+5%3.562-0.582+116%-24.083+776%0.743+379%18.090-80%18.434-81%
Price To Total Gains Ratio117.243+5%110.98218.123+512%26.087+325%8.775+1165%6.568+1590%12.185+811%
Quick Ratio--0.2720.419-35%0.441-38%0.459-41%0.478-43%0.535-49%
Return On Assets---0.002-0.009+272%-0.005+94%-0.003+8%0.002-205%0.007-133%
Return On Equity---0.010-0.042+302%-0.019+79%-0.013+28%0.005-298%0.019-154%
Total Gains Per Share--0.176-1.342+864%-0.791+550%-0.471+368%0.218-20%0.554-68%
Usd Book Value--4323407582.7004572642417.225-5%5765534321.625-25%5610376071.800-23%5286515858.040-18%4437245099.273-3%
Usd Book Value Change Per Share--0.005-0.047+964%-0.034+719%-0.023+528%-0.001+120%0.009-41%
Usd Book Value Per Share--0.7700.814-5%1.027-25%0.999-23%0.942-18%0.790-3%
Usd Dividend Per Share---0.005-100%0.009-100%0.009-100%0.008-100%0.008-100%
Usd Enterprise Value---9162365442.900-8315415862.005-9%-8014862506.785-13%-7464066933.780-19%-5857636711.299-36%-2452308321.074-73%
Usd Eps---0.007-0.030+314%-0.015+111%-0.007+3%0.007-207%0.013-155%
Usd Free Cash Flow--237421756.800137403362.175+73%167760889.508+42%197043748.303+20%186370578.272+27%148562326.298+60%
Usd Free Cash Flow Per Share--0.0420.024+73%0.030+42%0.035+20%0.033+27%0.026+60%
Usd Free Cash Flow To Equity Per Share--0.011-0.006+152%0.002+458%0.014-20%0.013-19%0.029-62%
Usd Market Cap3573885667.185+5%3383048307.6003842795898.120-12%4823012459.040-30%5219870048.970-35%5780675364.576-41%6209410873.771-46%
Usd Price Per Share0.637+5%0.6030.684-12%0.859-30%0.930-35%1.030-41%1.106-46%
Usd Profit---40543272.000-167688127.725+314%-84027799.125+107%-39625848.425-2%39682910.940-202%75379848.570-154%
Usd Revenue--3660045950.1004048846158.000-10%4177582286.475-12%4405304399.375-17%3963470014.200-8%3151204533.825+16%
Usd Total Gains Per Share--0.005-0.041+864%-0.024+550%-0.015+368%0.007-20%0.017-68%
 EOD+5 -3MRQTTM+20 -18YOY+20 -193Y+17 -225Y+11 -2810Y+10 -29

3.3 Fundamental Score

Let's check the fundamental score of Indorama Ventures PCL based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-22.037
Price to Book Ratio (EOD)Between0-10.827
Net Profit Margin (MRQ)Greater than0-0.011
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.272
Current Ratio (MRQ)Greater than10.969
Debt to Asset Ratio (MRQ)Less than10.744
Debt to Equity Ratio (MRQ)Less than13.203
Return on Equity (MRQ)Greater than0.15-0.010
Return on Assets (MRQ)Greater than0.05-0.002
Total2/10 (20.0%)

3.4 Technical Score

Let's check the technical score of Indorama Ventures PCL based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.783
Ma 20Greater thanMa 5020.160
Ma 50Greater thanMa 10019.841
Ma 100Greater thanMa 20020.217
OpenGreater thanClose20.400
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Indorama Ventures PCL

Indorama Ventures Public Company Limited, together with its subsidiaries, manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally. It operates through three segments: Combined PET, Indovinya, and Fibers. The Combined PET segment manufactures and distributes polyethylene terephthalate (PET) value chain comprising paraxylene, purified terephthalic acid, PET, and recycling; PET packaging consisting of preforms, bottles, and closures; and specialty PET-related chemicals, such as purified isophthalic acid and naphthalene dicarboxylate, as well as PET flakes, resins, and recycled polyester yarns.; and ethylene, purified ethylene oxide (PEO), ethylene glycol derivatives. The Indovinya segment offers specialty chemical solutions including home and personal care, crop solutions, coatings, and energy and resources; supply ethylene oxide to the Combined PET business; and manufactures and distributes integrated downstream surfactants. The Fibers segment offers polyester, rayon, nylon, polypropylene, composites, and worsted wool fibers; polyolefin and bicomponent fibers; fibers for automotive textiles including nylon 6.6, composite fibers, rayon and aramid for the home, apparel, hygiene and medical, automotive, and industrial/technical markets. The company also provides feedstock products. The company was formerly known as Beacon Global Limited and changed its name to Indorama Ventures Public Company Limited in March 2009. The company was incorporated in 1994 and is headquartered in Bangkok, Thailand. Indorama Ventures Public Company Limited is a subsidiary of Indorama Resources Ltd.

Fundamental data was last updated by Penke on 2025-06-30 06:36:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Indorama Ventures PCL earns for each ฿1 of revenue.

  • Above 10% is considered healthy but always compare Indorama Ventures PCL to the Chemicals industry mean.
  • A Net Profit Margin of -1.1% means that ฿-0.01 for each ฿1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Indorama Ventures PCL:

  • The MRQ is -1.1%. The company is making a loss. -1
  • The TTM is -3.7%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-1.1%TTM-3.7%+2.6%
TTM-3.7%YOY-2.1%-1.6%
TTM-3.7%5Y0.9%-4.6%
5Y0.9%10Y2.9%-2.0%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.1%2.7%-3.8%
TTM-3.7%2.0%-5.7%
YOY-2.1%2.7%-4.8%
3Y-1.3%2.8%-4.1%
5Y0.9%4.7%-3.8%
10Y2.9%4.9%-2.0%
4.3.1.2. Return on Assets

Shows how efficient Indorama Ventures PCL is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Indorama Ventures PCL to the Chemicals industry mean.
  • -0.2% Return on Assets means that Indorama Ventures PCL generated ฿0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Indorama Ventures PCL:

  • The MRQ is -0.2%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.9%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.2%TTM-0.9%+0.7%
TTM-0.9%YOY-0.5%-0.4%
TTM-0.9%5Y0.2%-1.1%
5Y0.2%10Y0.7%-0.5%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.2%0.5%-0.7%
TTM-0.9%0.4%-1.3%
YOY-0.5%0.6%-1.1%
3Y-0.3%0.7%-1.0%
5Y0.2%1.0%-0.8%
10Y0.7%1.1%-0.4%
4.3.1.3. Return on Equity

Shows how efficient Indorama Ventures PCL is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Indorama Ventures PCL to the Chemicals industry mean.
  • -1.0% Return on Equity means Indorama Ventures PCL generated ฿-0.01 for each ฿1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Indorama Ventures PCL:

  • The MRQ is -1.0%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -4.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.0%TTM-4.2%+3.1%
TTM-4.2%YOY-1.9%-2.3%
TTM-4.2%5Y0.5%-4.7%
5Y0.5%10Y1.9%-1.4%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.0%1.1%-2.1%
TTM-4.2%0.8%-5.0%
YOY-1.9%1.1%-3.0%
3Y-1.3%1.3%-2.6%
5Y0.5%1.8%-1.3%
10Y1.9%2.1%-0.2%
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4.3.2. Operating Efficiency of Indorama Ventures PCL.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Indorama Ventures PCL is operating .

  • Measures how much profit Indorama Ventures PCL makes for each ฿1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Indorama Ventures PCL to the Chemicals industry mean.
  • An Operating Margin of 0.0% means the company generated ฿0.00  for each ฿1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Indorama Ventures PCL:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-1.7%+1.7%
TTM-1.7%YOY0.5%-2.3%
TTM-1.7%5Y3.3%-5.0%
5Y3.3%10Y4.6%-1.3%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.0%-7.0%
TTM-1.7%3.6%-5.3%
YOY0.5%1.9%-1.4%
3Y0.8%2.8%-2.0%
5Y3.3%5.4%-2.1%
10Y4.6%5.6%-1.0%
4.3.2.2. Operating Ratio

Measures how efficient Indorama Ventures PCL is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Chemicals industry mean).
  • An Operation Ratio of 1.86 means that the operating costs are ฿1.86 for each ฿1 in net sales.

Let's take a look of the Operating Ratio trends of Indorama Ventures PCL:

  • The MRQ is 1.862. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.193. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.862TTM1.193+0.669
TTM1.193YOY0.982+0.211
TTM1.1935Y1.000+0.193
5Y1.00010Y0.974+0.026
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8621.716+0.146
TTM1.1931.705-0.512
YOY0.9821.650-0.668
3Y1.0431.622-0.579
5Y1.0001.582-0.582
10Y0.9741.342-0.368
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4.4.3. Liquidity of Indorama Ventures PCL.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Indorama Ventures PCL is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Chemicals industry mean).
  • A Current Ratio of 0.97 means the company has ฿0.97 in assets for each ฿1 in short-term debts.

Let's take a look of the Current Ratio trends of Indorama Ventures PCL:

  • The MRQ is 0.969. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.993. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.969TTM0.993-0.024
TTM0.993YOY0.981+0.011
TTM0.9935Y1.036-0.044
5Y1.03610Y1.134-0.097
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9691.486-0.517
TTM0.9931.493-0.500
YOY0.9811.595-0.614
3Y1.0321.628-0.596
5Y1.0361.726-0.690
10Y1.1341.635-0.501
4.4.3.2. Quick Ratio

Measures if Indorama Ventures PCL is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Indorama Ventures PCL to the Chemicals industry mean.
  • A Quick Ratio of 0.27 means the company can pay off ฿0.27 for each ฿1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Indorama Ventures PCL:

  • The MRQ is 0.272. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.419. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.272TTM0.419-0.147
TTM0.419YOY0.441-0.022
TTM0.4195Y0.478-0.059
5Y0.47810Y0.535-0.057
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2720.491-0.219
TTM0.4190.504-0.085
YOY0.4410.702-0.261
3Y0.4590.714-0.255
5Y0.4780.791-0.313
10Y0.5350.848-0.313
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4.5.4. Solvency of Indorama Ventures PCL.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Indorama Ventures PCL assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Indorama Ventures PCL to Chemicals industry mean.
  • A Debt to Asset Ratio of 0.74 means that Indorama Ventures PCL assets are financed with 74.4% credit (debt) and the remaining percentage (100% - 74.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Indorama Ventures PCL:

  • The MRQ is 0.744. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.735. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.744TTM0.735+0.009
TTM0.735YOY0.701+0.033
TTM0.7355Y0.700+0.034
5Y0.70010Y0.661+0.039
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7440.450+0.294
TTM0.7350.446+0.289
YOY0.7010.429+0.272
3Y0.7060.438+0.268
5Y0.7000.413+0.287
10Y0.6610.406+0.255
4.5.4.2. Debt to Equity Ratio

Measures if Indorama Ventures PCL is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Indorama Ventures PCL to the Chemicals industry mean.
  • A Debt to Equity ratio of 320.3% means that company has ฿3.20 debt for each ฿1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Indorama Ventures PCL:

  • The MRQ is 3.203. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.140. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.203TTM3.140+0.062
TTM3.140YOY2.572+0.568
TTM3.1405Y2.571+0.569
5Y2.57110Y2.156+0.415
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2030.863+2.340
TTM3.1400.845+2.295
YOY2.5720.809+1.763
3Y2.6750.838+1.837
5Y2.5710.798+1.773
10Y2.1560.813+1.343
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ฿1 in earnings Indorama Ventures PCL generates.

  • Above 15 is considered overpriced but always compare Indorama Ventures PCL to the Chemicals industry mean.
  • A PE ratio of -20.86 means the investor is paying ฿-20.86 for every ฿1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Indorama Ventures PCL:

  • The EOD is -22.037. Based on the earnings, the company is expensive. -2
  • The MRQ is -20.861. Based on the earnings, the company is expensive. -2
  • The TTM is 8.221. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD-22.037MRQ-20.861-1.177
MRQ-20.861TTM8.221-29.082
TTM8.221YOY105.914-97.693
TTM8.2215Y-12.221+20.442
5Y-12.22110Y6.680-18.901
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD-22.03713.231-35.268
MRQ-20.86112.857-33.718
TTM8.22113.419-5.198
YOY105.91413.771+92.143
3Y56.16414.992+41.172
5Y-12.22113.504-25.725
10Y6.68021.167-14.487
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Indorama Ventures PCL:

  • The EOD is 3.763. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.562. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is -0.582. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD3.763MRQ3.562+0.201
MRQ3.562TTM-0.582+4.145
TTM-0.582YOY-24.083+23.500
TTM-0.5825Y18.090-18.672
5Y18.09010Y18.434-0.344
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD3.763-3.455+7.218
MRQ3.562-3.291+6.853
TTM-0.5820.116-0.698
YOY-24.083-0.234-23.849
3Y0.743-0.008+0.751
5Y18.0900.400+17.690
10Y18.4342.001+16.433
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Indorama Ventures PCL is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Chemicals industry mean).
  • A PB ratio of 0.78 means the investor is paying ฿0.78 for each ฿1 in book value.

Let's take a look of the Price to Book Ratio trends of Indorama Ventures PCL:

  • The EOD is 0.827. Based on the equity, the company is cheap. +2
  • The MRQ is 0.782. Based on the equity, the company is cheap. +2
  • The TTM is 0.845. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.827MRQ0.782+0.044
MRQ0.782TTM0.845-0.063
TTM0.845YOY0.839+0.006
TTM0.8455Y1.101-0.256
5Y1.10110Y1.478-0.376
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD0.8271.298-0.471
MRQ0.7821.277-0.495
TTM0.8451.298-0.453
YOY0.8391.438-0.599
3Y0.9211.492-0.571
5Y1.1011.651-0.550
10Y1.4782.111-0.633
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2024-03-312024-06-302024-09-302024-12-312025-03-31
Total Other Income Expense Net -4,077,960-384,626-4,462,586418,693-4,043,893-311,483-4,355,3765,476,9451,121,569



6.2. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in THB. All numbers in thousands.

Summary
Total Assets545,916,548
Total Liabilities406,000,445
Total Stockholder Equity126,775,839
 As reported
Total Liabilities 406,000,445
Total Stockholder Equity+ 126,775,839
Total Assets = 545,916,548

Assets

Total Assets545,916,548
Total Current Assets187,810,666
Long-term Assets358,105,882
Total Current Assets
Cash And Cash Equivalents 19,695,664
Short-term Investments 1,392,762
Net Receivables 51,416,836
Inventory 92,862,521
Other Current Assets 1,041,979
Total Current Assets  (as reported)187,810,666
Total Current Assets  (calculated)166,409,762
+/- 21,400,904
Long-term Assets
Property Plant Equipment 286,211,017
Goodwill 17,101,402
Long Term Investments 5,751,931
Intangible Assets 32,971,999
Long-term Assets Other 5,006,547
Long-term Assets  (as reported)358,105,882
Long-term Assets  (calculated)347,042,896
+/- 11,062,986

Liabilities & Shareholders' Equity

Total Current Liabilities193,881,974
Long-term Liabilities212,118,471
Total Stockholder Equity126,775,839
Total Current Liabilities
Short Long Term Debt 66,486,836
Accounts payable 99,294,795
Other Current Liabilities 3,223,679
Total Current Liabilities  (as reported)193,881,974
Total Current Liabilities  (calculated)169,005,310
+/- 24,876,664
Long-term Liabilities
Long term Debt 182,142,789
Capital Lease Obligations Min Short Term Debt11,688,844
Long-term Liabilities Other 3,138,037
Long-term Liabilities  (as reported)212,118,471
Long-term Liabilities  (calculated)196,969,670
+/- 15,148,801
Total Stockholder Equity
Retained Earnings 58,116,320
Total Stockholder Equity (as reported)126,775,839
Total Stockholder Equity (calculated)58,116,320
+/- 68,659,519
Other
Capital Stock5,614,552
Common Stock Shares Outstanding 5,614,552
Net Debt 228,933,961
Net Invested Capital 375,405,464
Net Working Capital -6,071,308
Property Plant and Equipment Gross 286,211,017



6.3. Balance Sheets Structured

Currency in THB. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-31
> Total Assets 
69,768,075
0
0
71,152,510
74,260,112
72,927,623
73,690,868
73,713,626
78,004,708
147,212,665
145,817,823
139,017,561
145,826,106
152,506,397
174,850,054
170,857,674
170,475,294
171,658,908
179,645,116
180,476,961
189,041,848
187,885,697
193,267,370
191,412,852
195,488,084
193,731,644
218,685,361
229,427,416
221,640,615
245,808,230
258,293,750
250,724,127
258,380,479
258,923,377
270,777,174
269,531,549
282,358,368
286,868,354
333,801,374
356,712,959
379,194,831
395,465,341
395,302,270
384,752,742
380,567,907
491,316,282
458,863,677
461,708,694
453,171,506
479,582,469
506,634,248
537,178,982
541,828,240
585,596,789
683,071,416
714,864,224
623,878,391
617,469,350
637,692,893
639,103,017
590,131,967
627,389,049
602,435,204
541,484,233
541,551,709
545,916,548
545,916,548541,551,709541,484,233602,435,204627,389,049590,131,967639,103,017637,692,893617,469,350623,878,391714,864,224683,071,416585,596,789541,828,240537,178,982506,634,248479,582,469453,171,506461,708,694458,863,677491,316,282380,567,907384,752,742395,302,270395,465,341379,194,831356,712,959333,801,374286,868,354282,358,368269,531,549270,777,174258,923,377258,380,479250,724,127258,293,750245,808,230221,640,615229,427,416218,685,361193,731,644195,488,084191,412,852193,267,370187,885,697189,041,848180,476,961179,645,116171,658,908170,475,294170,857,674174,850,054152,506,397145,826,106139,017,561145,817,823147,212,66578,004,70873,713,62673,690,86872,927,62374,260,11271,152,5100069,768,075
   > Total Current Assets 
0
0
0
0
23,565,997
23,986,049
24,374,478
23,992,774
26,144,244
73,618,730
70,464,596
63,900,605
67,770,407
67,608,300
65,617,379
61,380,372
59,960,678
63,214,334
65,380,552
64,935,503
68,422,649
68,366,039
70,043,775
69,741,499
72,180,191
71,397,091
78,377,187
78,376,938
70,548,201
78,849,995
85,856,710
79,794,126
84,495,249
87,740,803
89,032,480
86,144,589
92,953,013
101,644,131
123,980,882
127,413,056
124,284,233
130,584,154
130,835,856
122,692,992
118,756,964
140,939,071
124,613,359
119,530,641
119,834,668
140,034,348
153,481,129
167,508,682
176,859,110
218,435,588
264,107,377
271,708,483
215,707,837
211,863,998
214,168,756
205,837,373
189,354,170
209,838,623
206,499,925
189,733,775
184,116,246
187,810,666
187,810,666184,116,246189,733,775206,499,925209,838,623189,354,170205,837,373214,168,756211,863,998215,707,837271,708,483264,107,377218,435,588176,859,110167,508,682153,481,129140,034,348119,834,668119,530,641124,613,359140,939,071118,756,964122,692,992130,835,856130,584,154124,284,233127,413,056123,980,882101,644,13192,953,01386,144,58989,032,48087,740,80384,495,24979,794,12685,856,71078,849,99570,548,20178,376,93878,377,18771,397,09172,180,19169,741,49970,043,77568,366,03968,422,64964,935,50365,380,55263,214,33459,960,67861,380,37265,617,37967,608,30067,770,40763,900,60570,464,59673,618,73026,144,24423,992,77424,374,47823,986,04923,565,9970000
       Cash And Cash Equivalents 
0
0
0
0
1,396,824
1,711,390
1,633,494
2,224,887
1,482,637
4,955,265
5,211,629
4,050,333
12,018,021
9,166,436
5,679,529
6,375,045
4,375,310
5,497,600
4,193,733
3,535,704
4,114,350
4,112,937
3,541,391
3,561,079
5,419,582
14,172,641
5,548,740
4,897,602
3,232,476
7,185,796
3,780,847
3,415,293
4,025,648
4,832,681
5,070,244
4,448,264
6,877,049
13,156,971
22,774,383
11,116,335
5,578,445
7,026,519
8,496,317
10,892,653
10,446,711
20,907,531
22,572,277
18,956,135
18,948,524
20,322,449
14,852,357
17,694,475
16,215,255
36,165,604
26,486,481
29,758,919
21,211,149
22,103,426
20,724,969
18,557,109
18,682,608
22,077,760
22,137,245
20,815,664
17,495,531
19,695,664
19,695,66417,495,53120,815,66422,137,24522,077,76018,682,60818,557,10920,724,96922,103,42621,211,14929,758,91926,486,48136,165,60416,215,25517,694,47514,852,35720,322,44918,948,52418,956,13522,572,27720,907,53110,446,71110,892,6538,496,3177,026,5195,578,44511,116,33522,774,38313,156,9716,877,0494,448,2645,070,2444,832,6814,025,6483,415,2933,780,8477,185,7963,232,4764,897,6025,548,74014,172,6415,419,5823,561,0793,541,3914,112,9374,114,3503,535,7044,193,7335,497,6004,375,3106,375,0455,679,5299,166,43612,018,0214,050,3335,211,6294,955,2651,482,6372,224,8871,633,4941,711,3901,396,8240000
       Short-term Investments 
0
0
0
0
1,162,929
551,069
566,367
551,995
541,726
18,828,668
15,383,059
8,199,946
5,688,491
5,322,347
2,735,371
168,060
227,580
218,098
172,490
174,246
262,640
380,085
245,770
3,816
5,101,828
2,027
2,720
2,746
451,805
100,065
98,051
168,186
114,695
161,938
186,171
152,732
138,039
185,866
222,994
211,814
6,840
66,302
9,131
7,942
7,728
519,340
1,112,441
696,721
1,521,097
1,870,828
1,048,336
1,049,914
1,154,346
390,253
2,338,547
3,233,815
1,845,835
1,732,303
1,903,575
2,203,452
1,074,280
884,851
486,225
3,063,905
1,582,758
1,392,762
1,392,7621,582,7583,063,905486,225884,8511,074,2802,203,4521,903,5751,732,3031,845,8353,233,8152,338,547390,2531,154,3461,049,9141,048,3361,870,8281,521,097696,7211,112,441519,3407,7287,9429,13166,3026,840211,814222,994185,866138,039152,732186,171161,938114,695168,18698,051100,065451,8052,7462,7202,0275,101,8283,816245,770380,085262,640174,246172,490218,098227,580168,0602,735,3715,322,3475,688,4918,199,94615,383,05918,828,668541,726551,995566,367551,0691,162,9290000
       Net Receivables 
9,477,539
0
0
9,976,622
9,962,811
11,334,109
11,875,376
10,583,210
11,770,725
28,514,455
27,252,172
26,618,312
24,508,784
26,520,684
29,667,045
26,877,643
28,710,025
27,463,956
31,018,488
29,557,623
28,827,791
30,416,558
31,970,219
30,331,735
26,202,987
26,094,749
38,379,145
38,805,086
27,499,572
29,548,168
34,761,694
36,399,223
36,871,673
39,682,331
38,971,952
35,965,486
37,033,580
40,358,496
46,111,541
50,788,442
37,636,557
49,100,719
47,739,088
41,122,499
35,765,194
50,647,301
38,909,283
34,719,780
39,428,700
49,543,442
55,800,839
53,501,938
62,966,046
73,375,203
96,120,703
92,676,565
67,534,831
69,845,505
71,305,384
70,821,835
62,164,556
71,791,830
72,459,221
65,786,186
62,000,762
51,416,836
51,416,83662,000,76265,786,18672,459,22171,791,83062,164,55670,821,83571,305,38469,845,50567,534,83192,676,56596,120,70373,375,20362,966,04653,501,93855,800,83949,543,44239,428,70034,719,78038,909,28350,647,30135,765,19441,122,49947,739,08849,100,71937,636,55750,788,44246,111,54140,358,49637,033,58035,965,48638,971,95239,682,33136,871,67336,399,22334,761,69429,548,16827,499,57238,805,08638,379,14526,094,74926,202,98730,331,73531,970,21930,416,55828,827,79129,557,62331,018,48827,463,95628,710,02526,877,64329,667,04526,520,68424,508,78426,618,31227,252,17228,514,45511,770,72510,583,21011,875,37611,334,1099,962,8119,976,622009,477,539
       Other Current Assets 
502,461
0
0
554,545
1,369,479
1,307,473
1,346,037
1,193,953
964,894
3,400,086
4,131,235
4,690,711
4,132,841
4,645,205
6,098,364
5,662,088
1,993,159
5,140,898
2,203,025
5,985,600
6,279,214
6,285,060
6,205,433
6,319,154
6,395,234
6,243,979
7,040,824
8,059,676
7,677,470
7,528,509
9,133,779
2,805,941
3,024,379
2,328,852
3,715,974
3,646,397
2,867,868
4,080,954
4,333,385
3,158,698
10,849,629
5,789,979
6,987,326
6,161,282
11,585,765
6,264,469
6,480,567
12,152,413
7,077,098
6,039,834
7,987,006
17,091,959
7,544,495
8,711,937
10,692,149
14,477,031
9,243,758
11,206,169
11,823,469
12,217,762
10,776,147
11,216,348
10,079,540
8,496,088
10,181,817
1,041,979
1,041,97910,181,8178,496,08810,079,54011,216,34810,776,14712,217,76211,823,46911,206,1699,243,75814,477,03110,692,1498,711,9377,544,49517,091,9597,987,0066,039,8347,077,09812,152,4136,480,5676,264,46911,585,7656,161,2826,987,3265,789,97910,849,6293,158,6984,333,3854,080,9542,867,8683,646,3973,715,9742,328,8523,024,3792,805,9419,133,7797,528,5097,677,4708,059,6767,040,8246,243,9796,395,2346,319,1546,205,4336,285,0606,279,2145,985,6002,203,0255,140,8981,993,1595,662,0886,098,3644,645,2054,132,8414,690,7114,131,2353,400,086964,8941,193,9531,346,0371,307,4731,369,479554,54500502,461
   > Long-term Assets 
0
0
0
0
50,694,115
48,941,574
49,316,390
49,720,852
51,860,464
73,593,935
75,353,227
75,116,956
78,055,699
84,898,097
109,232,675
109,477,302
110,514,616
108,444,574
114,264,564
115,541,458
120,619,199
119,519,658
123,223,595
121,671,353
123,307,893
122,334,553
140,308,174
151,050,478
151,092,414
166,958,235
172,437,040
170,930,001
173,885,230
171,182,574
181,744,694
183,386,960
189,405,355
185,224,223
209,820,492
229,299,903
254,910,598
264,881,187
264,466,414
262,059,750
261,810,943
350,377,211
334,250,318
342,178,053
333,336,838
339,548,121
353,153,119
369,670,300
364,969,130
367,161,201
418,964,039
443,155,741
408,170,554
405,605,352
423,524,137
433,265,644
400,777,797
417,550,426
395,935,279
351,750,458
357,435,463
358,105,882
358,105,882357,435,463351,750,458395,935,279417,550,426400,777,797433,265,644423,524,137405,605,352408,170,554443,155,741418,964,039367,161,201364,969,130369,670,300353,153,119339,548,121333,336,838342,178,053334,250,318350,377,211261,810,943262,059,750264,466,414264,881,187254,910,598229,299,903209,820,492185,224,223189,405,355183,386,960181,744,694171,182,574173,885,230170,930,001172,437,040166,958,235151,092,414151,050,478140,308,174122,334,553123,307,893121,671,353123,223,595119,519,658120,619,199115,541,458114,264,564108,444,574110,514,616109,477,302109,232,67584,898,09778,055,69975,116,95675,353,22773,593,93551,860,46449,720,85249,316,39048,941,57450,694,1150000
       Property Plant Equipment 
49,641,830
0
0
49,583,454
49,505,319
47,823,938
48,236,078
47,735,930
48,748,087
66,255,493
67,053,275
66,481,175
66,825,359
72,446,533
84,862,476
86,666,501
87,521,044
84,019,618
89,277,838
90,367,199
96,793,782
96,109,886
99,489,935
98,241,745
98,900,604
97,672,983
110,496,127
120,035,232
120,365,582
133,853,736
137,507,693
134,189,778
136,860,347
134,730,289
142,627,204
145,108,837
151,201,956
148,376,563
165,439,074
175,227,347
205,182,418
214,434,931
215,188,253
211,971,378
212,644,267
287,834,714
277,759,678
285,873,937
277,047,589
282,545,621
293,742,962
307,421,798
304,139,567
302,399,100
345,186,609
362,460,629
334,707,693
331,548,966
347,880,010
356,417,346
329,735,826
342,011,321
315,706,449
279,123,075
286,978,671
286,211,017
286,211,017286,978,671279,123,075315,706,449342,011,321329,735,826356,417,346347,880,010331,548,966334,707,693362,460,629345,186,609302,399,100304,139,567307,421,798293,742,962282,545,621277,047,589285,873,937277,759,678287,834,714212,644,267211,971,378215,188,253214,434,931205,182,418175,227,347165,439,074148,376,563151,201,956145,108,837142,627,204134,730,289136,860,347134,189,778137,507,693133,853,736120,365,582120,035,232110,496,12797,672,98398,900,60498,241,74599,489,93596,109,88696,793,78290,367,19989,277,83884,019,61887,521,04486,666,50184,862,47672,446,53366,825,35966,481,17567,053,27566,255,49348,748,08747,735,93048,236,07847,823,93849,505,31949,583,4540049,641,830
       Goodwill 
0
0
0
0
0
0
0
0
0
225,153
225,153
225,153
395,427
395,427
7,017,666
7,024,264
6,796,798
7,284,062
7,736,065
7,802,017
8,018,747
7,928,333
7,931,414
7,911,054
8,054,789
7,954,751
9,240,706
9,924,829
9,788,557
9,563,007
9,521,836
9,388,631
9,654,840
9,292,649
10,149,680
9,995,746
9,837,748
9,462,943
9,940,722
14,169,613
15,210,011
15,773,400
15,328,650
15,171,040
15,249,931
16,464,604
15,701,935
16,104,103
15,385,817
16,036,950
16,866,100
17,836,770
17,410,642
17,241,337
18,656,233
19,815,225
17,888,189
17,550,645
18,267,057
18,696,492
17,583,767
18,450,056
18,597,585
16,386,305
17,082,505
17,101,402
17,101,40217,082,50516,386,30518,597,58518,450,05617,583,76718,696,49218,267,05717,550,64517,888,18919,815,22518,656,23317,241,33717,410,64217,836,77016,866,10016,036,95015,385,81716,104,10315,701,93516,464,60415,249,93115,171,04015,328,65015,773,40015,210,01114,169,6139,940,7229,462,9439,837,7489,995,74610,149,6809,292,6499,654,8409,388,6319,521,8369,563,0079,788,5579,924,8299,240,7067,954,7518,054,7897,911,0547,931,4147,928,3338,018,7477,802,0177,736,0657,284,0626,796,7987,024,2647,017,666395,427395,427225,153225,153225,153000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,619,794
6,516,255
6,464,811
6,423,599
6,262,078
6,315,658
6,613,087
8,515,567
5,309,162
2,393,628
2,333,642
2,381,378
2,519,536
4,912,926
5,366,010
3,864,073
5,256,429
4,441,421
3,969,967
4,106,435
4,586,351
7,029,763
7,537,918
10,099,951
10,750,536
9,434,297
7,207,594
7,215,176
6,050,426
5,476,718
5,328,902
6,162,774
5,975,743
5,751,931
5,751,9315,975,7436,162,7745,328,9025,476,7186,050,4267,215,1767,207,5949,434,29710,750,53610,099,9517,537,9187,029,7634,586,3514,106,4353,969,9674,441,4215,256,4293,864,0735,366,0104,912,9262,519,5362,381,3782,333,6422,393,6285,309,1628,515,5676,613,0876,315,6586,262,0786,423,5996,464,8116,516,2555,619,79400000000000000000000000000000000
       Intangible Assets 
967,825
0
0
911,893
878,874
816,671
789,511
788,381
760,194
4,604,786
4,660,264
4,360,989
4,305,532
5,429,324
10,461,114
10,085,691
10,383,245
9,786,714
10,247,452
10,210,859
11,245,657
10,949,874
11,593,068
11,207,506
11,126,898
10,568,773
13,331,042
13,998,465
13,581,188
15,744,597
18,387,259
17,840,756
17,602,243
16,660,102
18,451,662
17,964,439
18,027,204
17,140,588
22,386,805
25,076,580
25,139,303
26,978,072
25,934,577
24,521,964
24,165,052
35,804,198
30,873,912
31,771,981
31,230,646
31,722,925
32,767,237
34,228,858
33,869,300
33,850,162
35,263,834
37,186,940
34,684,517
34,324,507
35,541,153
35,735,381
34,672,303
35,698,611
34,733,242
31,473,974
31,697,445
32,971,999
32,971,99931,697,44531,473,97434,733,24235,698,61134,672,30335,735,38135,541,15334,324,50734,684,51737,186,94035,263,83433,850,16233,869,30034,228,85832,767,23731,722,92531,230,64631,771,98130,873,91235,804,19824,165,05224,521,96425,934,57726,978,07225,139,30325,076,58022,386,80517,140,58818,027,20417,964,43918,451,66216,660,10217,602,24317,840,75618,387,25915,744,59713,581,18813,998,46513,331,04210,568,77311,126,89811,207,50611,593,06810,949,87411,245,65710,210,85910,247,4529,786,71410,383,24510,085,69110,461,1145,429,3244,305,5324,360,9894,660,2644,604,786760,194788,381789,511816,671878,874911,89300967,825
       Long-term Assets Other 
0
0
0
0
277,216
300,965
258,834
273,258
319,323
229,779
3,412,361
131,766
-298,044
971,063
1,296,558
255,864
326,082
1,488,514
965,064
1,101,418
389,401
675,289
961,664
1,226,841
2,073,764
3,161,888
2,742,091
2,481,590
2,588,320
3,177,948
1,704,926
1,886,101
1,914,540
1,925,257
1,745,233
1,236,183
1,455,889
1,484,191
2,720,898
3,627,748
1,355,785
2,718,655
2,647,314
4,972,812
4,910,246
2,749,076
2,150,522
2,159,732
1,804,681
2,318,742
3,168,650
3,347,042
2,306,251
7,715,615
7,270,250
7,647,113
5,599,116
7,380,494
8,638,380
8,612,916
5,185,343
7,834,277
7,404,941
6,834,633
4,182,245
5,006,547
5,006,5474,182,2456,834,6337,404,9417,834,2775,185,3438,612,9168,638,3807,380,4945,599,1167,647,1137,270,2507,715,6152,306,2513,347,0423,168,6502,318,7421,804,6812,159,7322,150,5222,749,0764,910,2464,972,8122,647,3142,718,6551,355,7853,627,7482,720,8981,484,1911,455,8891,236,1831,745,2331,925,2571,914,5401,886,1011,704,9263,177,9482,588,3202,481,5902,742,0913,161,8882,073,7641,226,841961,664675,289389,4011,101,418965,0641,488,514326,082255,8641,296,558971,063-298,044131,7663,412,361229,779319,323273,258258,834300,965277,2160000
> Total Liabilities 
52,061,133
0
0
49,626,086
51,794,297
45,821,690
46,489,776
43,512,036
45,600,111
85,942,410
84,390,871
78,187,257
87,049,248
92,030,948
115,685,056
111,182,906
110,590,335
171,658,908
122,410,296
121,716,171
127,474,084
126,490,120
130,149,336
130,241,166
119,933,327
120,892,767
138,570,786
144,512,975
138,687,653
159,514,993
169,061,325
161,475,562
166,565,547
165,483,209
175,980,682
158,895,806
163,371,676
158,955,473
191,019,937
206,680,734
227,339,476
242,657,723
247,295,885
240,240,299
242,400,617
347,508,659
323,427,949
323,168,438
317,563,721
333,240,428
349,113,847
369,289,315
370,824,812
395,029,807
471,327,271
485,384,834
422,993,009
419,066,749
433,354,785
434,247,928
426,968,804
453,397,924
441,262,922
389,574,400
402,622,106
406,000,445
406,000,445402,622,106389,574,400441,262,922453,397,924426,968,804434,247,928433,354,785419,066,749422,993,009485,384,834471,327,271395,029,807370,824,812369,289,315349,113,847333,240,428317,563,721323,168,438323,427,949347,508,659242,400,617240,240,299247,295,885242,657,723227,339,476206,680,734191,019,937158,955,473163,371,676158,895,806175,980,682165,483,209166,565,547161,475,562169,061,325159,514,993138,687,653144,512,975138,570,786120,892,767119,933,327130,241,166130,149,336126,490,120127,474,084121,716,171122,410,296171,658,908110,590,335111,182,906115,685,05692,030,94887,049,24878,187,25784,390,87185,942,41045,600,11143,512,03646,489,77645,821,69051,794,29749,626,0860052,061,133
   > Total Current Liabilities 
23,779,333
0
0
23,415,003
25,785,356
23,053,208
24,341,067
22,877,327
24,079,454
44,005,917
41,945,644
42,534,844
43,201,338
49,218,351
48,474,844
47,501,116
47,286,121
51,426,718
54,508,732
52,878,653
52,980,497
50,396,374
50,647,531
55,432,646
48,065,723
50,650,588
63,104,002
64,581,694
57,383,151
71,762,733
75,878,776
64,051,115
65,861,511
69,137,235
66,558,765
57,757,834
65,621,553
67,146,140
86,330,869
101,942,520
113,700,078
116,934,562
121,592,815
110,358,323
112,990,571
139,759,029
124,143,245
121,930,447
117,161,373
136,163,037
150,319,556
161,120,237
161,120,733
190,191,752
227,203,014
233,471,051
202,200,361
193,454,735
215,621,201
203,805,968
201,347,233
213,696,312
219,661,290
171,421,224
192,737,621
193,881,974
193,881,974192,737,621171,421,224219,661,290213,696,312201,347,233203,805,968215,621,201193,454,735202,200,361233,471,051227,203,014190,191,752161,120,733161,120,237150,319,556136,163,037117,161,373121,930,447124,143,245139,759,029112,990,571110,358,323121,592,815116,934,562113,700,078101,942,52086,330,86967,146,14065,621,55357,757,83466,558,76569,137,23565,861,51164,051,11575,878,77671,762,73357,383,15164,581,69463,104,00250,650,58848,065,72355,432,64650,647,53150,396,37452,980,49752,878,65354,508,73251,426,71847,286,12147,501,11648,474,84449,218,35143,201,33842,534,84441,945,64444,005,91724,079,45422,877,32724,341,06723,053,20825,785,35623,415,0030023,779,333
       Short-term Debt 
0
0
0
0
14,696,848
10,969,433
13,838,463
11,642,481
11,299,563
16,321,949
15,586,738
16,027,316
20,144,182
22,769,057
20,760,208
18,056,422
19,021,473
21,641,992
21,193,366
20,902,441
20,002,485
16,127,106
14,211,049
16,608,015
13,015,615
13,603,453
17,435,049
20,578,500
17,139,607
29,752,195
31,538,867
19,520,483
19,116,128
19,594,941
16,107,955
11,116,259
15,060,313
15,331,985
26,734,160
31,658,555
43,022,024
43,672,564
44,297,936
35,640,590
40,650,813
53,401,646
51,786,715
47,109,613
38,942,529
47,377,939
45,491,902
49,863,843
45,821,449
58,463,995
60,854,863
74,693,591
67,279,647
63,519,444
73,877,529
64,853,718
69,403,447
72,727,682
75,226,066
42,293,443
73,583,287
0
073,583,28742,293,44375,226,06672,727,68269,403,44764,853,71873,877,52963,519,44467,279,64774,693,59160,854,86358,463,99545,821,44949,863,84345,491,90247,377,93938,942,52947,109,61351,786,71553,401,64640,650,81335,640,59044,297,93643,672,56443,022,02431,658,55526,734,16015,331,98515,060,31311,116,25916,107,95519,594,94119,116,12819,520,48331,538,86729,752,19517,139,60720,578,50017,435,04913,603,45313,015,61516,608,01514,211,04916,127,10620,002,48520,902,44121,193,36621,641,99219,021,47318,056,42220,760,20822,769,05720,144,18216,027,31615,586,73816,321,94911,299,56311,642,48113,838,46310,969,43314,696,8480000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
102,105,549
98,501,267
106,689,101
5,476,201
8,896,670
8,056,708
11,012,242
13,452,136
11,639,869
43,541,730
44,193,870
35,534,118
40,520,790
51,741,003
50,123,352
45,373,115
37,228,945
45,636,504
43,759,886
47,991,262
43,990,163
56,610,280
58,852,752
72,594,391
65,024,732
61,485,802
71,568,845
62,383,222
66,955,036
70,063,679
72,660,746
40,016,976
71,109,348
66,486,836
66,486,83671,109,34840,016,97672,660,74670,063,67966,955,03662,383,22271,568,84561,485,80265,024,73272,594,39158,852,75256,610,28043,990,16347,991,26243,759,88645,636,50437,228,94545,373,11550,123,35251,741,00340,520,79035,534,11844,193,87043,541,73011,639,86913,452,13611,012,2428,056,7088,896,6705,476,201106,689,10198,501,267102,105,54900000000000000000000000000000000
       Accounts payable 
6,863,101
0
0
8,109,222
9,003,958
9,740,779
8,360,709
9,326,488
10,858,319
23,201,526
21,132,437
21,205,215
17,979,926
21,075,640
21,590,058
23,689,422
22,305,073
23,811,245
26,162,488
24,987,194
25,663,247
27,094,548
28,779,073
31,198,372
27,764,210
28,754,909
36,559,821
34,024,956
31,148,966
31,455,990
34,082,589
34,420,962
37,316,103
39,933,014
39,561,460
34,401,029
39,301,411
40,733,921
45,388,035
53,896,199
54,564,814
56,776,521
62,532,144
58,577,532
57,172,868
62,220,178
52,638,626
53,816,115
57,782,561
67,683,698
82,230,811
86,469,370
90,875,873
104,784,680
131,360,763
123,698,560
106,720,741
99,290,445
107,219,837
103,363,140
101,934,941
106,191,723
110,743,073
101,167,604
93,116,023
99,294,795
99,294,79593,116,023101,167,604110,743,073106,191,723101,934,941103,363,140107,219,83799,290,445106,720,741123,698,560131,360,763104,784,68090,875,87386,469,37082,230,81167,683,69857,782,56153,816,11552,638,62662,220,17857,172,86858,577,53262,532,14456,776,52154,564,81453,896,19945,388,03540,733,92139,301,41134,401,02939,561,46039,933,01437,316,10334,420,96234,082,58931,455,99031,148,96634,024,95636,559,82128,754,90927,764,21031,198,37228,779,07327,094,54825,663,24724,987,19426,162,48823,811,24522,305,07323,689,42221,590,05821,075,64017,979,92621,205,21521,132,43723,201,52610,858,3199,326,4888,360,7099,740,7799,003,9588,109,222006,863,101
       Other Current Liabilities 
2,372,692
0
0
1,715,571
1,770,907
1,970,211
1,763,048
1,486,786
1,653,958
4,023,981
4,731,632
4,959,628
4,203,221
4,459,879
5,769,081
4,966,664
3,759,249
5,218,369
5,211,828
5,476,755
6,613,915
5,880,375
6,434,992
6,542,689
6,254,751
7,022,303
7,604,009
8,396,702
7,694,050
8,959,631
8,515,041
7,435,046
7,522,794
7,614,030
8,515,756
9,513,302
9,288,178
8,433,645
10,304,082
10,712,503
11,991,238
13,061,715
12,685,557
13,887,013
13,189,336
21,599,795
17,049,074
17,134,570
16,658,064
17,125,935
18,185,059
20,996,842
19,119,040
20,471,512
26,368,734
26,838,841
22,124,679
24,125,513
29,623,718
30,595,469
28,366,200
31,550,056
31,586,121
24,302,639
22,038,192
3,223,679
3,223,67922,038,19224,302,63931,586,12131,550,05628,366,20030,595,46929,623,71824,125,51322,124,67926,838,84126,368,73420,471,51219,119,04020,996,84218,185,05917,125,93516,658,06417,134,57017,049,07421,599,79513,189,33613,887,01312,685,55713,061,71511,991,23810,712,50310,304,0828,433,6459,288,1789,513,3028,515,7567,614,0307,522,7947,435,0468,515,0418,959,6317,694,0508,396,7027,604,0097,022,3036,254,7516,542,6896,434,9925,880,3756,613,9155,476,7555,211,8285,218,3693,759,2494,966,6645,769,0814,459,8794,203,2214,959,6284,731,6324,023,9811,653,9581,486,7861,763,0481,970,2111,770,9071,715,571002,372,692
   > Long-term Liabilities 
0
0
0
0
26,008,941
22,768,482
22,148,709
20,634,709
21,520,657
41,936,493
42,445,227
35,652,413
43,847,910
42,812,597
67,210,212
63,681,790
63,304,214
66,224,864
67,901,564
68,837,518
74,493,587
76,093,746
79,501,805
74,808,520
71,867,604
70,242,179
75,466,784
79,931,281
81,304,502
87,752,260
93,182,549
97,424,447
100,704,036
96,345,974
109,421,917
101,137,972
97,750,123
91,809,333
104,689,068
104,738,214
113,639,398
125,723,161
125,703,070
129,881,976
129,410,046
207,749,630
199,284,704
201,237,991
200,402,348
197,077,391
198,794,291
208,169,078
209,704,079
204,838,055
244,124,257
251,913,783
220,792,648
225,612,014
217,733,584
230,441,960
225,621,571
239,701,612
236,506,390
218,153,176
209,884,485
212,118,471
212,118,471209,884,485218,153,176236,506,390239,701,612225,621,571230,441,960217,733,584225,612,014220,792,648251,913,783244,124,257204,838,055209,704,079208,169,078198,794,291197,077,391200,402,348201,237,991199,284,704207,749,630129,410,046129,881,976125,703,070125,723,161113,639,398104,738,214104,689,06891,809,33397,750,123101,137,972109,421,91796,345,974100,704,03697,424,44793,182,54987,752,26081,304,50279,931,28175,466,78470,242,17971,867,60474,808,52079,501,80576,093,74674,493,58768,837,51867,901,56466,224,86463,304,21463,681,79067,210,21242,812,59743,847,91035,652,41342,445,22741,936,49321,520,65720,634,70922,148,70922,768,48226,008,9410000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
-14,696,848
-10,969,433
-13,838,463
-11,642,481
-11,299,563
-16,321,949
-15,586,738
-16,027,316
-20,144,182
-22,769,057
-20,760,208
-18,056,422
-19,021,473
-21,641,992
-21,193,366
-20,902,441
-20,002,485
-16,127,106
-14,211,049
-16,608,015
-13,015,615
-13,603,453
-17,435,049
-20,578,500
-17,139,607
-29,752,195
-31,538,867
-19,520,483
-19,116,128
-19,594,941
-16,107,955
-11,116,259
-15,060,313
-15,331,985
-26,734,160
-31,658,555
-43,022,024
-43,017,910
-43,340,586
-34,722,351
-39,831,558
-42,511,475
-40,812,655
-36,102,167
-28,284,479
-37,064,915
-34,891,171
-39,080,687
-35,478,189
-47,748,999
-50,738,809
-64,310,700
-56,379,361
-52,530,614
-61,967,642
-51,157,430
-55,850,382
-58,075,493
-61,180,736
-29,511,609
-61,537,813
11,688,844
11,688,844-61,537,813-29,511,609-61,180,736-58,075,493-55,850,382-51,157,430-61,967,642-52,530,614-56,379,361-64,310,700-50,738,809-47,748,999-35,478,189-39,080,687-34,891,171-37,064,915-28,284,479-36,102,167-40,812,655-42,511,475-39,831,558-34,722,351-43,340,586-43,017,910-43,022,024-31,658,555-26,734,160-15,331,985-15,060,313-11,116,259-16,107,955-19,594,941-19,116,128-19,520,483-31,538,867-29,752,195-17,139,607-20,578,500-17,435,049-13,603,453-13,015,615-16,608,015-14,211,049-16,127,106-20,002,485-20,902,441-21,193,366-21,641,992-19,021,473-18,056,422-20,760,208-22,769,057-20,144,182-16,027,316-15,586,738-16,321,949-11,299,563-11,642,481-13,838,463-10,969,433-14,696,8480000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,716,374
1,663,620
1,661,753
1,403,367
2,970,404
4,290,653
55,491,937
3,040,083
2,460,025
3,443,781
6,469,728
3,896,986
2,114,751
10,321,882
11,473,981
8,057,053
7,699,629
3,776,220
4,303,726
3,515,939
4,444,322
4,536,014
2,932,824
3,066,300
3,138,037
3,138,0373,066,3002,932,8244,536,0144,444,3223,515,9394,303,7263,776,2207,699,6298,057,05311,473,98110,321,8822,114,7513,896,9866,469,7283,443,7812,460,0253,040,08355,491,9374,290,6532,970,4041,403,3671,661,7531,663,6201,716,37400000000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
308,892
0
0
0
649,220
0
0
0
727,331
0
0
0
683,291
0
0
0
707,345
0
0
0
718,294
0
0
0
668,563
0
0
0
0
0
0
0
0
0
000000000668,563000718,294000707,345000683,291000727,331000649,220000308,89200000000000000000000000000000000
> Total Stockholder Equity
12,794,534
17,706,942
0
16,085,387
17,179,032
23,965,935
23,973,476
26,889,562
32,068,812
60,876,236
61,045,380
60,457,691
58,637,746
60,344,379
58,929,409
59,355,622
59,552,744
53,676,185
56,839,043
58,253,676
60,505,520
60,254,460
60,883,438
59,111,380
73,481,036
71,062,722
78,043,369
81,700,134
79,825,243
83,143,436
86,172,441
86,208,907
89,055,375
90,805,769
92,787,619
108,629,441
117,061,651
126,126,117
139,640,228
144,177,870
144,837,788
144,411,637
138,045,252
135,127,097
129,711,924
134,094,717
126,685,950
129,126,140
126,654,995
136,194,747
146,696,827
155,689,614
158,768,672
177,419,272
195,744,248
211,663,018
185,989,667
183,982,831
189,087,792
189,622,705
149,457,536
159,152,797
130,995,045
139,464,622
125,950,938
126,775,839
126,775,839125,950,938139,464,622130,995,045159,152,797149,457,536189,622,705189,087,792183,982,831185,989,667211,663,018195,744,248177,419,272158,768,672155,689,614146,696,827136,194,747126,654,995129,126,140126,685,950134,094,717129,711,924135,127,097138,045,252144,411,637144,837,788144,177,870139,640,228126,126,117117,061,651108,629,44192,787,61990,805,76989,055,37586,208,90786,172,44183,143,43679,825,24381,700,13478,043,36971,062,72273,481,03659,111,38060,883,43860,254,46060,505,52058,253,67656,839,04353,676,18559,552,74459,355,62258,929,40960,344,37958,637,74660,457,69161,045,38060,876,23632,068,81226,889,56223,973,47623,965,93517,179,03216,085,387017,706,94212,794,534
   Common Stock
3,351,544
0
0
3,351,544
3,351,544
4,334,271
4,334,271
4,334,271
4,334,271
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,257
4,814,272
4,814,272
4,814,272
4,814,272
4,814,272
4,814,272
4,814,272
4,814,308
4,814,328
5,244,965
5,245,411
5,411,651
5,548,098
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
5,614,552
0
05,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,614,5525,548,0985,411,6515,245,4115,244,9654,814,3284,814,3084,814,2724,814,2724,814,2724,814,2724,814,2724,814,2724,814,2724,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,814,2574,334,2714,334,2714,334,2714,334,2713,351,5443,351,544003,351,544
   Retained Earnings 
5,608,630
0
0
9,075,836
11,248,348
12,744,412
13,370,551
16,270,855
21,768,918
30,347,785
29,590,517
32,486,356
29,221,211
29,530,162
31,426,149
30,623,385
29,079,372
25,733,617
25,121,847
25,587,195
25,013,556
25,428,806
26,284,781
25,953,215
24,869,817
24,850,949
29,019,738
28,268,005
28,301,295
32,141,200
36,483,160
37,957,885
40,352,360
44,514,171
44,870,989
45,807,209
55,569,532
60,949,941
65,873,493
71,753,649
71,815,294
74,843,808
72,439,819
71,002,936
66,349,979
66,467,538
64,307,262
63,171,259
62,257,320
67,798,957
73,122,670
77,919,289
81,984,265
95,561,328
111,301,534
116,779,577
102,884,583
103,393,256
99,672,492
98,279,821
78,362,901
79,456,375
54,638,133
60,326,403
59,893,470
58,116,320
58,116,32059,893,47060,326,40354,638,13379,456,37578,362,90198,279,82199,672,492103,393,256102,884,583116,779,577111,301,53495,561,32881,984,26577,919,28973,122,67067,798,95762,257,32063,171,25964,307,26266,467,53866,349,97971,002,93672,439,81974,843,80871,815,29471,753,64965,873,49360,949,94155,569,53245,807,20944,870,98944,514,17140,352,36037,957,88536,483,16032,141,20028,301,29528,268,00529,019,73824,850,94924,869,81725,953,21526,284,78125,428,80625,013,55625,587,19525,121,84725,733,61729,079,37230,623,38531,426,14929,530,16229,221,21132,486,35629,590,51730,347,78521,768,91816,270,85513,370,55112,744,41211,248,3489,075,836005,608,630
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
2,903,423
7,973,510
7,961,605
7,965,525
10,289,039
24,886,909
27,006,590
25,244,110
28,603,190
25,142,748
25,142,748
26,618,612
29,607,460
28,396,164
31,600,898
29,774,627
29,774,627
29,774,627
29,774,627
29,774,627
30,702,241
29,774,627
40,124,094
29,775,146
29,775,147
40,122,828
29,775,147
29,775,147
40,122,828
29,776,401
29,777,096
44,829,424
55,624,405
51,830,204
57,544,226
71,132,617
70,996,204
70,186,053
60,331,434
70,189,687
69,543,725
60,331,434
70,233,162
70,233,579
70,242,362
70,147,617
70,144,537
70,141,193
69,885,384
69,885,384
69,885,384
69,885,384
60,331,434
60,331,434
69,885,384
69,885,384
60,331,434
60,331,434
60,331,434
84,756,836
69,852,078
0
069,852,07884,756,83660,331,43460,331,43460,331,43469,885,38469,885,38460,331,43460,331,43469,885,38469,885,38469,885,38469,885,38470,141,19370,144,53770,147,61770,242,36270,233,57970,233,16260,331,43469,543,72570,189,68760,331,43470,186,05370,996,20471,132,61757,544,22651,830,20455,624,40544,829,42429,777,09629,776,40140,122,82829,775,14729,775,14740,122,82829,775,14729,775,14640,124,09429,774,62730,702,24129,774,62729,774,62729,774,62729,774,62729,774,62731,600,89828,396,16429,607,46026,618,61225,142,74825,142,74828,603,19025,244,11027,006,59024,886,90910,289,0397,965,5257,961,6057,973,5102,903,4230000



6.4. Balance Sheets

Currency in THB. All numbers in thousands.




6.5. Cash Flows

Currency in THB. All numbers in thousands.




6.6. Income Statements

Currency in THB. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in THB. All numbers in thousands.

Gross Profit (+$)
totalRevenue541,582,617
Cost of Revenue-466,317,774
Gross Profit75,264,84375,264,843
 
Operating Income (+$)
Gross Profit75,264,843
Operating Expense-81,366,143
Operating Income-6,101,300-6,101,300
 
Operating Expense (+$)
Research Development0
Selling General Administrative33,181,023
Selling And Marketing Expenses28,995,272
Operating Expense81,366,14362,176,295
 
Net Interest Income (+$)
Interest Income1,027,624
Interest Expense-17,227,686
Other Finance Cost-0
Net Interest Income-16,200,062
 
Pretax Income (+$)
Operating Income-6,101,300
Net Interest Income-16,200,062
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-23,041,11510,838,515
EBIT - interestExpense = -23,041,115
-23,116,986
-2,034,440
Interest Expense17,227,686
Earnings Before Interest and Taxes (EBIT)-5,813,429-5,813,429
Earnings Before Interest and Taxes (EBITDA)22,176,076
 
After tax Income (+$)
Income Before Tax-23,041,115
Tax Provision--3,854,860
Net Income From Continuing Ops-19,186,255-19,186,255
Net Income-19,262,126
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses547,683,917
Total Other Income/Expenses Net-16,939,81516,200,062
 

Technical Analysis of Indorama Ventures PCL
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Indorama Ventures PCL. The general trend of Indorama Ventures PCL is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Indorama Ventures PCL's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Indorama Ventures PCL Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Indorama Ventures PCL.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 20.90 < 21.41 < 21.61.

The bearish price targets are: 19.00 > 19.00 > 17.97.

Know someone who trades $IVL? Share this with them.👇

Indorama Ventures PCL Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Indorama Ventures PCL. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Indorama Ventures PCL Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Indorama Ventures PCL. The current macd is 0.10331276.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Indorama Ventures PCL price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Indorama Ventures PCL. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Indorama Ventures PCL price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Indorama Ventures PCL Daily Moving Average Convergence/Divergence (MACD) ChartIndorama Ventures PCL Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Indorama Ventures PCL. The current adx is 14.10.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Indorama Ventures PCL shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Indorama Ventures PCL Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Indorama Ventures PCL. The current sar is 20.75.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Indorama Ventures PCL Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Indorama Ventures PCL. The current rsi is 55.78. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Indorama Ventures PCL Daily Relative Strength Index (RSI) ChartIndorama Ventures PCL Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Indorama Ventures PCL. The current phase is Overbought in neutral market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Indorama Ventures PCL price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Indorama Ventures PCL Daily Stochastic Oscillator ChartIndorama Ventures PCL Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Indorama Ventures PCL. The current cci is 87.17.

Indorama Ventures PCL Daily Commodity Channel Index (CCI) ChartIndorama Ventures PCL Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Indorama Ventures PCL. The current cmo is 17.52.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Indorama Ventures PCL Daily Chande Momentum Oscillator (CMO) ChartIndorama Ventures PCL Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Indorama Ventures PCL. The current willr is -15.78947368.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Indorama Ventures PCL Daily Williams %R ChartIndorama Ventures PCL Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Indorama Ventures PCL.

Indorama Ventures PCL Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Indorama Ventures PCL. The current atr is 0.65056762.

Indorama Ventures PCL Daily Average True Range (ATR) ChartIndorama Ventures PCL Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Indorama Ventures PCL. The current obv is -401,926,596.

Indorama Ventures PCL Daily On-Balance Volume (OBV) ChartIndorama Ventures PCL Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Indorama Ventures PCL. The current mfi is 46.56.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Indorama Ventures PCL Daily Money Flow Index (MFI) ChartIndorama Ventures PCL Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Indorama Ventures PCL.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-02-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-21BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-24STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-26BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-03STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-31CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-08BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-09RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-23STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-28STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-08STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-09STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-14STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-05-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-23STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-26STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-27STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-29STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-06-09STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-06-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-06-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-27STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

Indorama Ventures PCL Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Indorama Ventures PCL based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.783
Ma 20Greater thanMa 5020.160
Ma 50Greater thanMa 10019.841
Ma 100Greater thanMa 20020.217
OpenGreater thanClose20.400
Total2/5 (40.0%)
Penke
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