3.06
-1.92%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 8.16bn
FY2016FY2025
Net income
THB 65.2m
FY2016FY2025
Free cash flow
THB 251.0m
FY2016FY2025
Shareholders' equity
THB 2.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 8.16bn | THB 9.15bn | THB 8.75bn | THB 8.72bn | THB 7.25bn | THB 6.65bn | THB 3.02bn | THB 2.59bn | THB 3.27bn | THB 4.65bn |
| Gross profit | THB 252.4m | THB 737.5m | THB 351.7m | THB 305.8m | THB 858.3m | THB 1.17bn | THB 416.0m | THB 476.4m | THB 276.1m | THB 509.3m |
| Operating income | THB 77.7m | THB 535.8m | THB 159.0m | THB 131.3m | THB 647.0m | THB 967.8m | THB 239.6m | THB 324.8m | THB 105.0m | THB 324.8m |
| Net income | THB 65.2m | THB 385.2m | THB 119.5m | THB 127.3m | THB 606.0m | THB 749.5m | THB 235.6m | THB 322.7m | THB 255.7m | THB 293.8m |
| Diluted earnings per share | 0.09 | 0.55 | 0.17 | 0.18 | 0.87 | 1.07 | 0.34 | 0.46 | 0.37 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.66bn | THB 4.06bn | THB 3.67bn | THB 3.70bn | THB 4.34bn | THB 4.16bn | THB 3.60bn | THB 3.40bn | THB 3.18bn | THB 3.53bn |
| Cash and short-term investments | THB 810.2m | THB 887.2m | THB 593.2m | THB 731.7m | THB 1.05bn | THB 1.00bn | THB 460.1m | THB 688.0m | THB 604.9m | THB 607.6m |
| Total liabilities | THB 530.6m | THB 658.5m | THB 584.3m | THB 603.2m | THB 783.0m | THB 492.0m | THB 530.6m | THB 229.2m | THB 218.5m | THB 392.5m |
| Debt | THB 3.3m | THB 1.4m | THB 1.7m | THB 2.8m | THB 3.9m | THB 3.0m | THB 93.6m | — | — | THB 128.0m |
| Shareholders' equity | THB 2.29bn | THB 2.43bn | THB 2.21bn | THB 2.32bn | THB 2.66bn | THB 2.84bn | THB 2.42bn | THB 2.47bn | THB 2.27bn | THB 2.40bn |
| Shares outstanding | 700m | 700m | 700m | 700m | 700m | 700m | 700m | 700m | 700m | 700m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 350.7m | THB 531.5m | THB 262.3m | THB 341.5m | THB 827.6m | THB 1.07bn | THB 219.9m | THB 453.3m | THB 492.3m | THB 591.6m |
| Capital spending | −THB 99.7m | −THB 47.7m | −THB 424.5m | −THB 81.4m | −THB 65.3m | −THB 316,554 | −THB 4.9m | −THB 5.6m | −THB 128,812 | −THB 79.4m |
| Free cash flow | THB 251.0m | THB 483.8m | −THB 162.2m | THB 260.1m | THB 762.2m | THB 1.07bn | THB 215.0m | THB 447.7m | THB 492.1m | THB 512.2m |
| Dividends paid | −THB 346.7m | −THB 175.0m | −THB 210.0m | −THB 593.6m | −THB 715.7m | −THB 335.9m | −THB 335.9m | −THB 140.0m | −THB 392.0m | −THB 252.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.22bn | THB 2.09bn | THB 2.09bn | THB 1.85bn | THB 2.26bn | THB 1.95bn | THB 2.60bn | THB 2.43bn |
| Gross profit | THB 211.7m | THB 99.9m | THB 34.7m | THB 83.9m | THB 42.5m | THB 116.4m | THB 239.4m | THB 199.6m |
| Operating income | THB 211.7m | THB 49.4m | −THB 13.4m | THB 34.8m | −THB 9.5m | THB 66.0m | THB 194.3m | THB 144.9m |
| Net income | THB 124.0m | THB 30.9m | −THB 8.8m | THB 37.2m | −THB 16.5m | THB 53.3m | THB 126.1m | THB 111.3m |
| Diluted earnings per share | 0.18 | 0.04 | -0.01 | 0.05 | -0.02 | 0.08 | 0.18 | 0.16 |
| Cash from operations | THB 96.0m | THB 85.0m | THB 94.0m | THB 57.0m | −THB 27.0m | THB 226.0m | THB 116.0m | THB 280.0m |
| Capital spending | −THB 9.0m | −THB 6.0m | −THB 29.0m | −THB 17.0m | −THB 41.0m | −THB 11.0m | −THB 14.0m | −THB 20.0m |
| Free cash flow | THB 87.0m | THB 79.0m | THB 65.0m | THB 40.0m | −THB 68.0m | THB 215.0m | THB 102.0m | THB 260.0m |
| Total assets | THB 3.80bn | THB 3.74bn | THB 3.66bn | THB 3.67bn | THB 3.62bn | THB 3.97bn | THB 4.06bn | THB 3.85bn |
| Cash and short-term investments | THB 876.9m | THB 890.5m | THB 810.2m | THB 814.4m | THB 770.1m | THB 1.11bn | THB 887.2m | THB 837.1m |
| Debt | THB 1.2m | THB 804,000 | THB 1.4m | THB 908,000 | THB 1.8m | THB 473,000 | THB 641,190 | THB 50.8m |
| Shareholders' equity | THB 2.37bn | THB 2.32bn | THB 2.29bn | THB 2.37bn | THB 2.33bn | THB 2.48bn | THB 2.43bn | THB 2.30bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.1% | 8.1% | 4.0% | 3.5% | 11.8% | 17.5% |
| Operating margin | 0.9% | 6.0% | 1.9% | 1.8% | 8.9% | 14.9% |
| Net margin | 0.8% | 4.2% | 1.4% | 1.5% | 8.4% | 11.3% |
| Return on equity | 2.8% | 15.9% | 5.4% | 5.5% | 22.7% | 26.4% |
| Return on assets | 1.8% | 9.5% | 3.3% | 3.4% | 14.0% | 18.0% |
| Free cash flow yield | 20.1% | 25.9% | 30.7% | 18.9% | 39.9% | 47.9% |
| Revenue growth | -10.8% | 4.6% | 0.4% | 20.2% | 9.0% | 119.8% |
| Earnings growth | -83.1% | 222.3% | -6.1% | -79.0% | -19.1% | 218.1% |
| Current ratio | 3.93x | 3.71x | 3.32x | 3.38x | 3.38x | 4.79x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 62.5% | 59.8% | 60.2% | 62.6% | 61.4% | 68.2% |
| Interest coverage | 378.62x | 1136.01x | 118.10x | 511.30x | 3319.83x | 497.61x |
| 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 | -2.2% | 4.2% | 6.5% |
| Operating income | -16.0% | -39.6% | -6.4% |
| Net income | -20.0% | -38.6% | -9.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.7% | 4.7% | 7.5% | 8.6% |
| Operating margin | 3.5% | 2.6% | 5.2% | 5.5% |
| Net margin | 2.6% | 2.0% | 4.2% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.4 | 6.7 | 25.2 | 33.0 | 8.0 | 7.4 | 12.5 | 23.2 | 15.3 | 6.4 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.5 | 0.7 | 0.8 | 1.0 | 1.0 | 0.8 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 4 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.29 | 0.25 | 0.30 | 0.67 | 0.88 | 0.48 | 0.48 |
- 4-to-1 reverse split · 11 Oct 2021
- 7-for-5 split · 7 May 2015
- 4-for-1 split · 6 May 2015
- 5-for-1 split · 4 Mar 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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