339.00
+0.30%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 226.26bn
FY2016FY2025
Net income
THB 47.89bn
FY2016FY2025
Free cash flow
THB 90.59bn
FY2016FY2025
Shareholders' equity
THB 107.18bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 226.26bn | THB 213.57bn | THB 188.87bn | THB 185.48bn | THB 181.33bn | THB 172.89bn | THB 180.89bn | THB 169.86bn | THB 157.72bn | THB 152.15bn |
| Gross profit | THB 89.80bn | THB 78.18bn | THB 63.49bn | THB 59.31bn | THB 59.88bn | THB 62.04bn | THB 68.99bn | THB 66.40bn | THB 65.46bn | THB 69.16bn |
| Operating income | THB 63.74bn | THB 50.38bn | THB 40.51bn | THB 36.96bn | THB 37.18bn | THB 36.45bn | THB 41.61bn | THB 40.11bn | THB 40.39bn | THB 39.38bn |
| Net income | THB 47.89bn | THB 35.08bn | THB 29.09bn | THB 26.01bn | THB 26.92bn | THB 27.43bn | THB 31.19bn | THB 29.68bn | THB 30.08bn | THB 30.67bn |
| Diluted earnings per share | 16.10 | 11.79 | 9.78 | 8.75 | 9.05 | 9.22 | 10.49 | 9.98 | 10.12 | 10.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 428.34bn | THB 431.43bn | THB 454.44bn | THB 337.04bn | THB 356.22bn | THB 350.17bn | THB 289.67bn | THB 290.50bn | THB 284.07bn | THB 275.67bn |
| Cash and short-term investments | THB 25.97bn | THB 22.61bn | THB 14.74bn | THB 10.04bn | THB 14.33bn | THB 20.33bn | THB 19.64bn | THB 11.29bn | THB 13.38bn | THB 14.19bn |
| Total liabilities | THB 321.06bn | THB 334.11bn | THB 363.76bn | THB 251.23bn | THB 274.40bn | THB 274.48bn | THB 220.27bn | THB 232.84bn | THB 233.64bn | THB 232.96bn |
| Debt | THB 237.42bn | THB 266.59bn | THB 306.59bn | THB 191.41bn | THB 138.96bn | THB 156.41bn | THB 94.04bn | THB 109.13bn | THB 109.68bn | THB 98.96bn |
| Shareholders' equity | THB 107.18bn | THB 97.22bn | THB 90.58bn | THB 85.69bn | THB 81.70bn | THB 75.56bn | THB 69.27bn | THB 57.52bn | THB 50.32bn | THB 42.57bn |
| Shares outstanding | 2,974m | 2,974m | 2,974m | 2,974m | 2,974m | 2,974m | 2,973m | 2,973m | 2,973m | 2,973m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 114.61bn | THB 116.62bn | THB 87.64bn | THB 81.40bn | THB 86.63bn | THB 85.63bn | THB 76.63bn | THB 69.13bn | THB 65.53bn | THB 61.64bn |
| Capital spending | −THB 24.02bn | −THB 38.02bn | −THB 50.99bn | −THB 43.36bn | −THB 45.30bn | −THB 54.89bn | −THB 27.05bn | −THB 40.73bn | −THB 51.35bn | −THB 55.62bn |
| Free cash flow | THB 90.59bn | THB 78.61bn | THB 36.65bn | THB 38.05bn | THB 41.34bn | THB 30.74bn | THB 49.58bn | THB 28.40bn | THB 14.17bn | THB 6.01bn |
| Dividends paid | −THB 37.56bn | −THB 28.19bn | −THB 24.51bn | −THB 22.87bn | −THB 21.20bn | −THB 20.22bn | −THB 21.05bn | −THB 21.85bn | −THB 23.19bn | −THB 36.51bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 56.50bn | THB 58.20bn | THB 59.55bn | THB 54.36bn | THB 56.04bn | THB 56.31bn | THB 56.74bn | THB 52.21bn |
| Gross profit | THB 25.08bn | THB 25.43bn | THB 24.15bn | THB 22.71bn | THB 21.59bn | THB 21.34bn | THB 21.14bn | THB 19.59bn |
| Operating income | THB 18.67bn | THB 18.22bn | THB 17.28bn | THB 16.54bn | THB 15.13bn | THB 14.79bn | THB 13.18bn | THB 12.22bn |
| Net income | THB 13.72bn | THB 13.50bn | THB 14.28bn | THB 12.04bn | THB 10.98bn | THB 10.58bn | THB 9.26bn | THB 8.79bn |
| Diluted earnings per share | 4.61 | 4.54 | 4.80 | 4.05 | 3.69 | 3.56 | 3.11 | 2.95 |
| Cash from operations | THB 21.66bn | THB 30.02bn | THB 33.38bn | THB 30.40bn | THB 23.09bn | THB 32.89bn | THB 32.01bn | THB 30.70bn |
| Capital spending | −THB 8.56bn | −THB 5.49bn | −THB 6.28bn | −THB 5.57bn | −THB 9.79bn | −THB 10.50bn | −THB 8.28bn | −THB 4.84bn |
| Free cash flow | THB 13.09bn | THB 24.54bn | THB 27.10bn | THB 24.83bn | THB 13.29bn | THB 22.39bn | THB 23.73bn | THB 25.86bn |
| Total assets | THB 401.79bn | THB 461.23bn | THB 428.34bn | THB 414.35bn | THB 411.88bn | THB 432.09bn | THB 431.43bn | THB 429.87bn |
| Cash and short-term investments | — | THB 69.15bn | THB 25.97bn | THB 16.26bn | THB 21.30bn | THB 35.04bn | THB 22.61bn | THB 13.53bn |
| Debt | THB 123.90bn | THB 109.06trn | THB 111.92bn | THB 68.09bn | THB 114.77bn | THB 118.92bn | THB 123.63bn | THB 132.34bn |
| Shareholders' equity | THB 52.27bn | THB 120.47bn | THB 107.18bn | THB 93.23bn | THB 101.68bn | THB 90.71bn | THB 97.22bn | THB 88.18bn |
Financial ratios
Data as of 29 Aug 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.7% | 36.6% | 33.6% | 32.0% | 33.0% | 35.9% |
| Operating margin | 28.2% | 23.6% | 21.4% | 19.9% | 20.5% | 21.1% |
| Net margin | 21.2% | 16.4% | 15.4% | 14.0% | 14.8% | 15.9% |
| Return on equity | 44.7% | 36.1% | 32.1% | 30.4% | 33.0% | 36.3% |
| Return on assets | 11.2% | 8.1% | 6.4% | 7.7% | 7.6% | 7.8% |
| Free cash flow yield | 13.2% | 14.8% | 13.2% | 11.9% | 12.6% | 13.4% |
| Revenue growth | 5.9% | 13.1% | 1.8% | 2.3% | 4.9% | -4.4% |
| Earnings growth | 36.5% | 20.6% | 11.8% | -3.4% | -1.9% | -12.0% |
| Current ratio | 0.52x | 0.48x | 0.31x | 0.36x | 0.39x | 0.45x |
| Debt to equity | 1.04x | 1.27x | 1.57x | 1.12x | 1.20x | 1.43x |
| Equity ratio | 25.0% | 22.5% | 19.9% | 25.4% | 22.9% | 21.6% |
| Interest coverage | 7.99x | 5.49x | 6.59x | 7.07x | 6.61x | 6.16x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.8% | 5.5% | 3.8% |
| Operating income | 19.9% | 11.8% | 2.4% |
| Net income | 22.6% | 11.8% | 2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.2% | 35.7% | 35.3% | 38.0% |
| Operating margin | 25.9% | 23.5% | 22.7% | 24.0% |
| Net margin | 18.9% | 17.0% | 16.5% | 17.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.4 | 24.3 | 22.2 | 22.3 | 25.4 | 19.1 | 20.3 | 17.3 | 18.9 | 14.3 |
| Price to sales | 4.1 | 4.0 | 3.4 | 3.1 | 3.8 | 3.0 | 3.5 | 3.0 | 3.6 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 19 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 36.10 | 12.63 | 9.48 | 8.24 | 7.69 | 7.13 | 6.80 | 7.08 |
- 10-for-1 split · 8 Oct 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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