11.00
+1.85%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 11.91bn
FY2016FY2025
Net income
THB 1.32bn
FY2016FY2025
Free cash flow
THB 1.51bn
FY2016FY2025
Shareholders' equity
THB 13.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 11.91bn | THB 11.79bn | THB 11.83bn | THB 18.89bn | THB 21.40bn | THB 8.93bn | THB 8.88bn | THB 8.07bn | THB 7.25bn | THB 6.51bn |
| Gross profit | THB 3.32bn | THB 3.27bn | THB 3.71bn | THB 6.12bn | THB 10.84bn | THB 2.95bn | THB 2.83bn | THB 2.68bn | THB 2.27bn | THB 1.95bn |
| Operating income | THB 1.70bn | THB 1.75bn | THB 1.96bn | THB 4.19bn | THB 9.50bn | THB 1.83bn | THB 1.71bn | THB 1.59bn | THB 1.51bn | THB 1.22bn |
| Net income | THB 1.32bn | THB 1.28bn | THB 1.41bn | THB 3.04bn | THB 6.85bn | THB 1.23bn | THB 1.13bn | THB 1.09bn | THB 917.1m | THB 753.1m |
| Diluted earnings per share | 0.53 | 0.51 | 0.56 | 1.22 | 2.73 | 0.49 | 0.44 | 0.44 | 0.38 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 17.50bn | THB 17.37bn | THB 17.73bn | THB 19.80bn | THB 26.38bn | THB 16.53bn | THB 14.12bn | THB 12.63bn | THB 12.67bn | THB 10.57bn |
| Cash and short-term investments | THB 1.69bn | THB 1.38bn | THB 2.19bn | THB 2.64bn | THB 5.26bn | THB 945.8m | THB 878.7m | THB 745.2m | THB 2.07bn | THB 680.4m |
| Total liabilities | THB 3.29bn | THB 3.35bn | THB 4.03bn | THB 6.29bn | THB 12.08bn | THB 8.90bn | THB 7.14bn | THB 6.23bn | THB 6.76bn | THB 5.23bn |
| Debt | THB 856.0m | THB 897.3m | THB 1.58bn | THB 3.89bn | THB 7.04bn | THB 7.32bn | THB 5.48bn | THB 4.70bn | THB 5.49bn | THB 4.09bn |
| Shareholders' equity | THB 13.19bn | THB 12.96bn | THB 12.59bn | THB 12.44bn | THB 12.98bn | THB 6.88bn | THB 6.25bn | THB 5.70bn | THB 5.19bn | THB 4.76bn |
| Shares outstanding | 2,494m | 2,494m | 2,494m | 2,494m | 2,504m | 2,491m | 2,591m | 2,481m | 2,384m | 2,494m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 2.63bn | THB 2.68bn | THB 4.18bn | THB 5.71bn | THB 6.26bn | THB 1.86bn | THB 1.90bn | THB 1.62bn | THB 1.81bn | THB 1.70bn |
| Capital spending | −THB 1.12bn | −THB 1.62bn | −THB 1.02bn | −THB 1.45bn | −THB 762.5m | −THB 2.70bn | −THB 1.75bn | −THB 1.26bn | −THB 1.12bn | −THB 733.9m |
| Free cash flow | THB 1.51bn | THB 1.06bn | THB 3.16bn | THB 4.26bn | THB 5.49bn | −THB 837.5m | THB 152.5m | THB 358.9m | THB 693.3m | THB 967.0m |
| Dividends paid | −THB 1.07bn | −THB 922.7m | −THB 1.25bn | −THB 3.49bn | −THB 821.5m | −THB 573.6m | −THB 548.6m | −THB 573.6m | −THB 448.9m | −THB 349.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.00bn | THB 2.91bn | THB 2.96bn | THB 3.05bn | THB 3.04bn | THB 2.92bn | THB 2.78bn | THB 3.26bn |
| Gross profit | THB 875.9m | THB 760.0m | THB 762.9m | THB 854.7m | THB 927.6m | THB 834.6m | THB 646.7m | THB 1.02bn |
| Operating income | THB 480.8m | THB 354.0m | THB 314.3m | THB 468.0m | THB 531.7m | THB 465.6m | THB 266.5m | THB 629.7m |
| Net income | THB 343.1m | THB 267.6m | THB 259.5m | THB 347.3m | THB 388.2m | THB 321.3m | THB 233.0m | THB 453.3m |
| Diluted earnings per share | 0.14 | 0.11 | 0.10 | 0.14 | 0.16 | 0.13 | 0.09 | 0.18 |
| Cash from operations | THB 365.0m | THB 382.0m | THB 698.0m | THB 885.0m | THB 453.0m | THB 634.0m | THB 598.0m | THB 874.0m |
| Capital spending | −THB 368.0m | −THB 488.0m | −THB 265.0m | −THB 414.0m | −THB 218.0m | −THB 226.0m | −THB 287.0m | −THB 366.0m |
| Free cash flow | −THB 3.0m | −THB 106.0m | THB 433.0m | THB 471.0m | THB 235.0m | THB 408.0m | THB 311.0m | THB 508.0m |
| Total assets | THB 17.42bn | THB 17.58bn | THB 17.50bn | THB 17.32bn | THB 17.45bn | THB 17.43bn | THB 17.37bn | THB 17.23bn |
| Cash and short-term investments | — | THB 1.40bn | THB 1.69bn | THB 1.48bn | THB 1.39bn | THB 1.59bn | THB 1.38bn | THB 1.33bn |
| Debt | THB 214.5m | THB 679.5m | THB 856.0m | THB 1.13bn | THB 1.05bn | THB 714.1m | THB 884.2m | THB 991.7m |
| Shareholders' equity | THB 13.05bn | THB 13.46bn | THB 13.19bn | THB 12.93bn | THB 12.98bn | THB 13.27bn | THB 12.96bn | THB 12.69bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.9% | 27.7% | 31.4% | 32.4% | 50.7% | 33.1% |
| Operating margin | 14.3% | 14.9% | 16.6% | 22.2% | 44.4% | 20.5% |
| Net margin | 11.0% | 10.9% | 11.9% | 16.1% | 32.0% | 13.8% |
| Return on equity | 10.0% | 9.9% | 11.2% | 24.4% | 52.7% | 17.9% |
| Return on assets | 7.5% | 7.4% | 7.9% | 15.4% | 25.9% | 7.4% |
| Free cash flow yield | 13.4% | 15.4% | 18.6% | 25.6% | 25.0% | 16.4% |
| Revenue growth | 1.0% | -0.3% | -37.4% | -11.7% | 139.8% | 0.5% |
| Earnings growth | 2.7% | -8.8% | -53.7% | -55.6% | 456.9% | 8.3% |
| Current ratio | 1.34x | 1.31x | 1.38x | 1.95x | 1.73x | 0.62x |
| Debt to equity | 0.06x | 0.07x | 0.12x | 0.31x | 0.54x | 1.05x |
| Equity ratio | 75.4% | 74.6% | 71.0% | 62.9% | 49.2% | 41.7% |
| Interest coverage | 34.30x | 32.09x | 20.56x | 26.92x | 62.79x | 13.83x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.4% | -0.5% | 3.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.3% | 5.9% | 7.5% |
| Operating income | -26.0% | -1.4% | 5.1% |
| Net income | -24.3% | 1.4% | 9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.8% | 30.2% | 35.7% | 34.4% |
| Operating margin | 14.6% | 17.6% | 24.7% | 23.1% |
| Net margin | 11.0% | 12.9% | 17.8% | 16.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.7 | 29.8 | 39.7 | 16.8 | 7.3 | 27.6 | 39.0 | 38.0 | 42.1 | 49.0 |
| Price to sales | 2.2 | 3.2 | 4.7 | 2.7 | 2.4 | 3.8 | 5.0 | 5.1 | 5.3 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.43 | 0.37 | 0.50 | 1.40 | 0.33 | 0.23 | 0.22 |
- 5-for-4 split · 7 May 2013
- 6-for-5 split · 6 May 2011
- 7-for-4 split · 12 Oct 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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