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Arrow Syndicate PCL ARROW.BK · THB

Industrials · SET · 🇹🇭 Thailand

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5.60

+0.90%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 1.19bn

FY2016FY2025

Net income

THB 136.7m

FY2016FY2025

Free cash flow

THB 5.6m

FY2016FY2025

Shareholders' equity

THB 1.32bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 1.19bnTHB 1.29bnTHB 1.34bnTHB 1.35bnTHB 1.06bnTHB 1.29bnTHB 1.45bnTHB 1.47bnTHB 1.44bnTHB 1.36bn
Gross profitTHB 331.3mTHB 311.1mTHB 271.0mTHB 231.4mTHB 327.3mTHB 367.8mTHB 372.0mTHB 322.9mTHB 378.8mTHB 448.7m
Operating incomeTHB 159.0mTHB 138.1mTHB 116.0mTHB 130.6mTHB 178.0mTHB 236.4mTHB 222.4mTHB 148.7mTHB 220.7mTHB 303.3m
Net incomeTHB 136.7mTHB 112.1mTHB 101.6mTHB 92.6mTHB 128.7mTHB 169.0mTHB 205.5mTHB 153.7mTHB 191.3mTHB 262.7m
Diluted earnings per share0.530.440.400.360.500.660.810.610.751.03

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 1.65bnTHB 1.48bnTHB 1.53bnTHB 1.72bnTHB 1.60bnTHB 1.65bnTHB 1.57bnTHB 1.47bnTHB 1.28bnTHB 1.19bn
Cash and short-term investmentsTHB 177.4mTHB 157.0mTHB 82.7mTHB 59.7mTHB 50.8mTHB 28.5mTHB 48.8mTHB 64.4mTHB 51.4mTHB 145.3m
Total liabilitiesTHB 357.3mTHB 226.7mTHB 299.6mTHB 502.3mTHB 357.0mTHB 437.5mTHB 378.6mTHB 364.5mTHB 196.5mTHB 169.2m
DebtTHB 186.9mTHB 81.1mTHB 140.6mTHB 324.7mTHB 213.2mTHB 284.8mTHB 231.9mTHB 195.4mTHB 66.7mTHB 16.7m
Shareholders' equityTHB 1.32bnTHB 1.28bnTHB 1.26bnTHB 1.24bnTHB 1.27bnTHB 1.24bnTHB 1.20bnTHB 1.11bnTHB 1.07bnTHB 1.02bn
Shares outstanding257m257m257m257m257m255m255m254m254m254m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 167.0mTHB 248.1mTHB 350.0mTHB 61.6mTHB 219.7mTHB 192.4mTHB 137.4mTHB 151.5mTHB 71.8mTHB 201.1m
Capital spending−THB 161.3m−THB 17.8m−THB 33.8m−THB 34.0m−THB 13.9m−THB 102.7m−THB 64.3m−THB 120.0m−THB 70.3m−THB 54.4m
Free cash flowTHB 5.6mTHB 230.3mTHB 316.2mTHB 27.6mTHB 205.8mTHB 89.7mTHB 73.0mTHB 31.6mTHB 1.4mTHB 146.7m
Dividends paid−THB 89.9m−THB 89.9m−THB 89.9m−THB 115.6m−THB 114.9m−THB 140.2m−THB 126.9m−THB 126.9m−THB 151.6m−THB 150.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 325.5mTHB 318.3mTHB 290.5mTHB 311.2mTHB 277.2mTHB 310.2mTHB 313.6mTHB 353.5m
Gross profitTHB 98.4mTHB 94.7mTHB 83.3mTHB 92.9mTHB 82.6mTHB 81.0mTHB 66.7mTHB 98.3m
Operating incomeTHB 56.0mTHB 48.9mTHB 28.3mTHB 50.0mTHB 42.5mTHB 43.7mTHB 20.6mTHB 55.3m
Net incomeTHB 52.5mTHB 44.7mTHB 24.4mTHB 40.1mTHB 33.1mTHB 39.1mTHB 17.2mTHB 44.6m
Diluted earnings per share0.200.170.090.160.130.150.070.17
Cash from operations−THB 46.0mTHB 80.0mTHB 59.0mTHB 65.0mTHB 19.0mTHB 27.0mTHB 157.0m−THB 38.0m
Capital spending−THB 22.0m−THB 45.0m−THB 32.0m−THB 33.0m−THB 81.0m−THB 13.0m−THB 2.0m−THB 4.0m
Free cash flow−THB 68.0mTHB 35.0mTHB 27.0mTHB 32.0m−THB 62.0mTHB 14.0mTHB 155.0m−THB 42.0m
Total assetsTHB 1.78bnTHB 1.69bnTHB 1.65bnTHB 1.66bnTHB 1.63bnTHB 1.71bnTHB 1.48bnTHB 1.61bn
Cash and short-term investments——THB 177.4mTHB 164.0mTHB 170.5mTHB 309.5mTHB 157.0mTHB 111.0m
DebtTHB 48.2mTHB 35.5mTHB 167.2mTHB 180.7mTHB 191.4mTHB 201.4mTHB 62.1mTHB 170.4m
Shareholders' equityTHB 1.34bnTHB 1.37bnTHB 1.32bnTHB 1.30bnTHB 1.29bnTHB 1.32bnTHB 1.28bnTHB 1.26bn

Financial ratios

Data as of 4 Nov 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin27.9%24.1%20.3%17.2%30.7%28.4%
Operating margin13.4%11.5%10.2%9.3%16.6%18.3%
Net margin11.5%8.7%7.6%6.9%12.1%13.1%
Return on equity10.3%8.8%8.1%7.5%10.2%13.7%
Return on assets8.3%7.6%6.6%5.4%8.1%10.3%
Free cash flow yield23.0%18.7%26.9%6.7%16.4%20.9%
Revenue growth-7.8%-3.5%-0.7%26.3%-17.7%-10.8%
Earnings growth21.9%10.3%9.7%-28.1%-23.8%-17.8%
Current ratio3.37x5.28x3.80x2.70x3.94x3.39x
Debt to equity0.13x0.05x0.09x0.25x0.16x0.21x
Equity ratio80.0%86.5%82.1%72.3%79.3%75.1%
Interest coverage22.32x23.04x14.68x13.36x26.77x29.96x
Buybacks as a share of market value0.0%0.0%0.0%-0.0%-0.7%-0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-4.0%-1.7%-0.2%
Operating income6.8%-7.6%-5.8%
Net income13.9%-4.1%-5.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin25.9%22.2%24.5%26.1%
Operating margin12.0%10.5%12.7%14.8%
Net margin10.0%8.6%9.9%12.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings9.512.615.720.416.310.911.012.717.216.0
Price to sales1.11.11.21.42.01.41.61.32.33.1

Dividends and splits

Per share, in the currency the company pays

Paid for 13 years. Last went ex-dividend on 6 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.300.350.350.350.450.450.210.30
  • 1-to-1 reverse split · 29 Apr 2015

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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