20.10
+0.50%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 154.02bn
FY2016FY2025
Net income
THB 4.01bn
FY2016FY2025
Free cash flow
THB 6.63bn
FY2016FY2025
Shareholders' equity
THB 120.33bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 154.02bn | THB 157.73bn | THB 154.67bn | THB 150.34bn | THB 138.46bn | THB 144.73bn | THB 158.01bn | THB 156.14bn | THB 149.16bn | THB 125.33bn |
| Gross profit | THB 31.45bn | THB 31.96bn | THB 30.04bn | THB 27.63bn | THB 26.02bn | THB 27.48bn | THB 30.89bn | THB 29.97bn | THB 28.45bn | THB 22.56bn |
| Operating income | THB 11.79bn | THB 12.93bn | THB 11.55bn | THB 11.00bn | THB 10.05bn | THB 10.54bn | THB 13.69bn | THB 13.76bn | THB 12.74bn | THB 10.54bn |
| Net income | THB 4.01bn | THB 4.00bn | THB 4.79bn | THB 5.01bn | THB 3.58bn | THB 4.00bn | THB 7.28bn | THB 6.65bn | THB 5.21bn | THB 4.00bn |
| Diluted earnings per share | 1.00 | 1.00 | 1.20 | 1.25 | 0.89 | 1.00 | 1.82 | 1.66 | 1.30 | 1.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 334.49bn | THB 337.01bn | THB 338.97bn | THB 336.04bn | THB 329.18bn | THB 326.16bn | THB 325.80bn | THB 323.02bn | THB 315.06bn | THB 301.84bn |
| Cash and short-term investments | THB 4.41bn | THB 5.37bn | THB 5.04bn | THB 4.34bn | THB 4.91bn | THB 3.09bn | THB 6.35bn | THB 6.28bn | THB 4.37bn | THB 3.49bn |
| Total liabilities | THB 207.87bn | THB 210.81bn | THB 213.07bn | THB 211.90bn | THB 207.98bn | THB 206.62bn | THB 206.07bn | THB 207.94bn | THB 203.89bn | THB 189.99bn |
| Debt | THB 143.09bn | THB 160.96bn | THB 166.19bn | THB 164.68bn | THB 163.92bn | THB 164.45bn | THB 157.67bn | THB 159.91bn | THB 156.90bn | THB 152.23bn |
| Shareholders' equity | THB 120.33bn | THB 120.00bn | THB 119.67bn | THB 118.29bn | THB 115.87bn | THB 114.68bn | THB 115.05bn | THB 110.51bn | THB 106.51bn | THB 103.43bn |
| Shares outstanding | 4,008m | 4,008m | 4,008m | 4,008m | 4,008m | 4,008m | 4,007m | 4,006m | 4,004m | 3,993m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 15.60bn | THB 22.11bn | THB 19.86bn | THB 18.17bn | THB 16.64bn | THB 16.63bn | THB 18.70bn | THB 17.64bn | THB 17.38bn | THB 17.94bn |
| Capital spending | −THB 8.98bn | −THB 5.80bn | −THB 9.05bn | −THB 5.60bn | −THB 3.35bn | −THB 6.11bn | −THB 8.42bn | −THB 9.63bn | −THB 11.18bn | −THB 5.49bn |
| Free cash flow | THB 6.63bn | THB 16.31bn | THB 10.80bn | THB 12.57bn | THB 13.29bn | THB 10.52bn | THB 10.28bn | THB 8.01bn | THB 6.20bn | THB 12.45bn |
| Dividends paid | −THB 2.85bn | −THB 3.21bn | −THB 3.21bn | −THB 2.65bn | −THB 3.01bn | −THB 3.65bn | −THB 2.92bn | −THB 2.40bn | −THB 2.12bn | −THB 1.26bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 43.74bn | THB 38.19bn | THB 39.94bn | THB 37.02bn | THB 38.56bn | THB 38.50bn | THB 40.82bn | THB 38.53bn |
| Gross profit | THB 8.82bn | THB 7.94bn | THB 8.46bn | THB 7.37bn | THB 7.77bn | THB 7.84bn | THB 8.58bn | THB 7.61bn |
| Operating income | −THB 53.2m | THB 2.96bn | THB 1.50bn | THB 2.49bn | THB 2.86bn | THB 3.07bn | THB 3.94bn | THB 2.60bn |
| Net income | THB 2.88bn | THB 1.06bn | THB 1.29bn | THB 636.7m | THB 990.0m | THB 1.09bn | THB 1.64bn | THB 701.4m |
| Diluted earnings per share | 0.72 | 0.26 | 0.32 | 0.16 | 0.25 | 0.27 | 0.41 | 0.17 |
| Cash from operations | THB 3.94bn | THB 3.73bn | THB 4.88bn | THB 4.33bn | THB 5.54bn | THB 4.63bn | THB 7.17bn | THB 4.14bn |
| Capital spending | −THB 1.75bn | −THB 1.67bn | −THB 3.04bn | −THB 1.65bn | −THB 2.80bn | −THB 1.56bn | −THB 1.54bn | −THB 1.48bn |
| Free cash flow | THB 2.19bn | THB 2.06bn | THB 1.84bn | THB 2.68bn | THB 2.74bn | THB 3.06bn | THB 5.63bn | THB 2.66bn |
| Total assets | THB 355.02bn | THB 335.40bn | THB 334.49bn | THB 331.11bn | THB 332.02bn | THB 334.62bn | THB 337.01bn | THB 332.95bn |
| Cash and short-term investments | THB 4.41bn | THB 4.73bn | THB 4.41bn | THB 3.62bn | THB 4.10bn | THB 4.88bn | THB 5.37bn | THB 4.07bn |
| Debt | THB 40.52bn | THB 142.97bn | THB 144.20bn | THB 143.71bn | THB 143.92bn | THB 144.07bn | THB 145.51bn | THB 147.80bn |
| Shareholders' equity | THB 117.22bn | THB 122.03bn | THB 120.33bn | THB 119.24bn | THB 119.30bn | THB 120.90bn | THB 120.00bn | THB 118.43bn |
Financial ratios
Data as of 14 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.4% | 20.3% | 19.4% | 18.4% | 18.8% | 19.0% |
| Operating margin | 7.7% | 8.2% | 7.5% | 7.3% | 7.3% | 7.3% |
| Net margin | 2.6% | 2.5% | 3.1% | 3.3% | 2.6% | 2.8% |
| Return on equity | 3.3% | 3.3% | 4.0% | 4.2% | 3.1% | 3.5% |
| Return on assets | 1.2% | 1.2% | 1.4% | 1.5% | 1.1% | 1.2% |
| Free cash flow yield | 23.9% | 33.8% | 30.4% | 27.8% | 25.5% | 25.5% |
| Revenue growth | -2.4% | 2.0% | 2.9% | 8.6% | -4.3% | -8.4% |
| Earnings growth | 0.2% | -16.5% | -4.3% | 39.8% | -10.4% | -45.0% |
| Current ratio | 0.62x | 0.69x | 0.66x | 0.77x | 0.79x | 0.58x |
| Debt to equity | 1.19x | 1.21x | 1.26x | 1.27x | 1.33x | 1.35x |
| Equity ratio | 36.0% | 35.6% | 35.3% | 35.2% | 35.2% | 35.2% |
| Interest coverage | 2.17x | 2.28x | 2.16x | 2.32x | 1.97x | 2.00x |
| 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 | 0.8% | 1.3% | 13.6% |
| Operating income | 2.3% | 2.3% | 11.8% |
| Net income | -7.1% | 0.0% | 3.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.3% | 19.6% | 19.4% | 19.3% |
| Operating margin | 7.9% | 7.7% | 7.5% | 8.0% |
| Net margin | 2.6% | 2.9% | 2.8% | 3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.4 | 23.3 | 20.9 | 28.2 | 34.7 | 34.8 | 23.1 | 30.6 | 50.7 | 50.1 |
| Price to sales | 0.4 | 0.6 | 0.7 | 0.9 | 0.9 | 1.0 | 1.1 | 1.3 | 1.8 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.36 | 0.71 | 0.80 | 0.80 | 0.66 | 0.75 | 0.91 | 0.73 |
- 10-for-1 split · 11 Dec 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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