3.78
-0.53%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.01bn
FY2016FY2025
Net income
THB 200.9m
FY2016FY2025
Free cash flow
THB 183.3m
FY2016FY2025
Shareholders' equity
THB 501.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.01bn | THB 1.29bn | THB 1.23bn | THB 947.1m | THB 896.8m | THB 864.3m | THB 803.4m | THB 693.2m | THB 559.5m | THB 601.8m |
| Gross profit | THB 427.4m | THB 651.1m | THB 616.4m | THB 475.1m | THB 477.1m | THB 452.6m | THB 425.4m | THB 354.7m | THB 252.1m | THB 281.2m |
| Operating income | THB 267.6m | THB 490.2m | THB 460.2m | THB 341.4m | THB 345.1m | THB 312.9m | THB 293.4m | THB 211.5m | THB 133.9m | THB 153.9m |
| Net income | THB 200.9m | THB 371.3m | THB 347.9m | THB 251.2m | THB 256.1m | THB 228.0m | THB 234.2m | THB 166.8m | THB 107.6m | THB 125.6m |
| Diluted earnings per share | 0.37 | 0.68 | 0.63 | 0.46 | 0.45 | 0.43 | 0.43 | 0.30 | 0.20 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.81bn | THB 2.05bn | THB 1.98bn | THB 1.81bn | THB 1.83bn | THB 1.78bn | THB 845.2m | THB 740.7m | THB 606.7m | THB 580.6m |
| Cash and short-term investments | THB 297.0m | THB 469.5m | THB 703.2m | THB 517.5m | THB 586.6m | THB 497.6m | THB 392.9m | THB 337.4m | THB 231.1m | THB 211.9m |
| Total liabilities | THB 1.31bn | THB 1.49bn | THB 1.39bn | THB 1.25bn | THB 1.29bn | THB 1.27bn | THB 327.9m | THB 265.2m | THB 155.0m | THB 153.4m |
| Debt | THB 1.00bn | THB 1.01bn | THB 827.1m | THB 854.6m | THB 788.8m | THB 799.1m | — | — | — | — |
| Shareholders' equity | THB 501.7m | THB 564.8m | THB 591.3m | THB 554.1m | THB 539.3m | THB 506.3m | THB 517.3m | THB 475.5m | THB 451.7m | THB 427.3m |
| Shares outstanding | 550m | 550m | 550m | 550m | 565m | 531m | 550m | 550m | 550m | 550m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 262.6m | THB 405.0m | THB 709.9m | THB 300.0m | THB 437.9m | THB 534.1m | THB 305.0m | THB 261.3m | THB 153.5m | THB 58.2m |
| Capital spending | −THB 79.2m | −THB 146.4m | −THB 121.4m | −THB 50.2m | −THB 55.3m | −THB 129.3m | −THB 62.9m | −THB 30.8m | −THB 41.2m | −THB 44.3m |
| Free cash flow | THB 183.3m | THB 258.7m | THB 588.5m | THB 249.8m | THB 382.7m | THB 404.8m | THB 242.1m | THB 230.5m | THB 112.3m | THB 13.9m |
| Dividends paid | −THB 264.0m | −THB 396.0m | −THB 310.7m | −THB 236.5m | −THB 220.0m | −THB 236.5m | −THB 192.5m | −THB 143.0m | −THB 88.0m | −THB 148.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 177.6m | THB 227.1m | THB 238.0m | THB 251.4m | THB 258.5m | THB 263.7m | THB 317.6m | THB 325.2m |
| Gross profit | THB 61.4m | THB 93.7m | THB 104.2m | THB 112.4m | THB 105.0m | THB 117.1m | THB 143.7m | THB 163.1m |
| Operating income | THB 20.8m | THB 50.5m | THB 64.7m | THB 71.5m | THB 64.4m | THB 76.1m | THB 102.9m | THB 121.5m |
| Net income | THB 9.9m | THB 34.8m | THB 50.5m | THB 51.2m | THB 44.5m | THB 54.7m | THB 75.1m | THB 93.0m |
| Diluted earnings per share | 0.02 | 0.07 | 0.09 | 0.09 | 0.08 | 0.10 | 0.14 | 0.17 |
| Cash from operations | THB 43.0m | THB 100.0m | −THB 11.0m | THB 131.0m | THB 13.0m | THB 146.0m | THB 112.0m | THB 48.0m |
| Capital spending | −THB 9.0m | −THB 7.0m | −THB 18.0m | −THB 22.0m | −THB 23.0m | −THB 22.0m | −THB 35.0m | −THB 51.0m |
| Free cash flow | THB 34.0m | THB 93.0m | −THB 29.0m | THB 109.0m | −THB 10.0m | THB 124.0m | THB 77.0m | −THB 3.0m |
| Total assets | THB 1.74bn | THB 1.86bn | THB 1.81bn | THB 1.87bn | THB 1.89bn | THB 2.14bn | THB 2.05bn | THB 1.95bn |
| Cash and short-term investments | THB 270.0m | THB 374.5m | THB 297.0m | THB 346.8m | THB 354.5m | THB 568.5m | THB 469.5m | THB 413.2m |
| Debt | THB 64.9m | THB 75.5m | THB 132.9m | THB 75.4m | THB 75.9m | THB 150.7m | THB 150.8m | THB 155.8m |
| Shareholders' equity | THB 433.7m | THB 536.5m | THB 501.7m | THB 451.2m | THB 488.0m | THB 619.5m | THB 564.8m | THB 491.4m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 42.2% | 50.5% | 50.0% | 50.2% | 53.2% | 52.4% |
| Operating margin | 26.4% | 38.0% | 37.3% | 36.1% | 38.5% | 36.2% |
| Net margin | 19.9% | 28.8% | 28.2% | 26.5% | 28.6% | 26.4% |
| Return on equity | 40.0% | 65.7% | 58.8% | 45.3% | 47.5% | 45.0% |
| Return on assets | 11.1% | 18.1% | 17.6% | 13.9% | 14.0% | 12.8% |
| Free cash flow yield | 16.0% | 25.8% | 39.0% | 16.4% | 22.5% | 32.2% |
| Revenue growth | -21.6% | 4.7% | 30.1% | 5.6% | 3.8% | 7.6% |
| Earnings growth | -45.9% | 6.7% | 38.5% | -1.9% | 12.3% | -2.7% |
| Current ratio | 1.34x | 1.32x | 1.47x | 1.66x | 1.51x | 1.39x |
| Debt to equity | 0.14x | 0.27x | 0.10x | 0.12x | 0.10x | 0.10x |
| Equity ratio | 27.7% | 27.5% | 29.9% | 30.7% | 29.5% | 28.5% |
| Interest coverage | 8.61x | 18.16x | 19.02x | 13.93x | 14.96x | 14.44x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 2.7% | -6.5% | 3.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.2% | 3.2% | 3.5% |
| Operating income | -7.8% | -3.1% | 1.2% |
| Net income | -7.2% | -2.5% | 0.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.8% | 48.4% | 49.7% | 49.6% |
| Operating margin | 32.9% | 34.8% | 35.5% | 33.8% |
| Net margin | 24.9% | 26.1% | 26.5% | 25.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.9 | 12.4 | 18.0 | 20.6 | 22.7 | 23.1 | 16.7 | 16.5 | 29.1 | 46.0 |
| Price to sales | 3.1 | 3.6 | 5.1 | 5.5 | 6.5 | 6.1 | 4.9 | 4.0 | 5.6 | 9.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 10 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.205 | 0.48 | 1.09 | 0.565 | 0.43 | 0.40 | 0.43 | 0.35 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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