4.94
-0.40%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 756.8m
FY2016FY2025
Net income
THB 291.0m
FY2016FY2025
Free cash flow
THB 76.7m
FY2016FY2025
Shareholders' equity
THB 1.10bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 756.8m | THB 680.4m | THB 783.3m | THB 653.9m | THB 608.0m | THB 595.6m | THB 508.0m | THB 458.9m | THB 414.2m | THB 378.2m |
| Gross profit | THB 459.3m | THB 438.2m | THB 515.3m | THB 438.4m | THB 385.2m | THB 342.3m | THB 295.0m | THB 243.9m | THB 200.8m | THB 185.1m |
| Operating income | THB 320.1m | THB 312.3m | THB 350.8m | THB 316.1m | THB 274.7m | THB 207.2m | THB 98.3m | THB 117.3m | THB 89.2m | THB 81.5m |
| Net income | THB 291.0m | THB 275.7m | THB 290.3m | THB 270.7m | THB 233.2m | THB 178.5m | THB 143.9m | THB 104.1m | THB 76.6m | THB 72.6m |
| Diluted earnings per share | 0.35 | 0.34 | 0.35 | 0.33 | 0.28 | 0.22 | 0.18 | 0.13 | 0.09 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.55bn | THB 1.41bn | THB 1.39bn | THB 1.21bn | THB 1.05bn | THB 1.00bn | THB 684.2m | THB 692.9m | THB 641.1m | THB 578.2m |
| Cash and short-term investments | THB 342.1m | THB 470.3m | THB 441.6m | THB 423.0m | THB 408.0m | THB 319.0m | THB 258.0m | THB 239.0m | THB 218.9m | THB 140.4m |
| Total liabilities | THB 453.3m | THB 365.3m | THB 358.8m | THB 326.2m | THB 287.4m | THB 289.6m | THB 183.3m | THB 187.7m | THB 172.3m | THB 175.1m |
| Debt | THB 54.8m | THB 16.0m | THB 20.0m | THB 23.4m | THB 22.0m | THB 41.8m | — | — | — | — |
| Shareholders' equity | THB 1.10bn | THB 1.04bn | THB 1.03bn | THB 881.9m | THB 758.1m | THB 710.5m | THB 500.9m | THB 505.2m | THB 468.8m | THB 403.1m |
| Shares outstanding | 821m | 821m | 821m | 821m | 821m | 821m | 821m | 821m | 821m | 797m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 116.5m | THB 218.4m | THB 225.3m | THB 272.8m | THB 303.1m | THB 200.3m | THB 225.7m | THB 86.2m | THB 92.5m | THB 101.5m |
| Capital spending | −THB 39.8m | −THB 32.8m | −THB 15.2m | −THB 10.7m | −THB 27.8m | −THB 13.0m | −THB 70.0m | −THB 26.7m | −THB 14.9m | −THB 22.1m |
| Free cash flow | THB 76.7m | THB 185.6m | THB 210.1m | THB 262.1m | THB 275.3m | THB 187.3m | THB 155.7m | THB 59.5m | THB 77.6m | THB 79.4m |
| Dividends paid | −THB 258.3m | −THB 262.4m | −THB 254.3m | −THB 225.5m | −THB 184.5m | −THB 139.4m | −THB 147.6m | −THB 65.6m | −THB 55.6m | −THB 47.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 206.8m | THB 194.2m | THB 161.4m | THB 221.5m | THB 191.0m | THB 182.9m | THB 152.1m | THB 174.4m |
| Gross profit | THB 118.3m | THB 120.2m | THB 102.0m | THB 124.4m | THB 113.3m | THB 119.5m | THB 91.2m | THB 123.4m |
| Operating income | THB 74.9m | THB 86.4m | THB 50.3m | THB 77.5m | THB 90.5m | THB 78.6m | THB 49.1m | THB 93.7m |
| Net income | THB 89.9m | THB 75.1m | THB 46.4m | THB 92.2m | THB 83.4m | THB 69.0m | THB 45.2m | THB 84.0m |
| Diluted earnings per share | 0.11 | 0.09 | 0.06 | 0.11 | 0.10 | 0.08 | 0.06 | 0.10 |
| Cash from operations | THB 81.0m | THB 53.0m | THB 12.0m | THB 29.0m | THB 22.0m | THB 52.0m | THB 72.0m | THB 68.0m |
| Capital spending | −THB 21.0m | −THB 22.0m | −THB 6.0m | — | −THB 22.0m | −THB 5.0m | −THB 5.0m | −THB 13.0m |
| Free cash flow | THB 60.0m | THB 31.0m | THB 6.0m | — | THB 0 | THB 47.0m | THB 67.0m | THB 55.0m |
| Total assets | THB 1.56bn | THB 1.62bn | THB 1.55bn | THB 1.54bn | THB 1.44bn | THB 1.51bn | THB 1.41bn | THB 1.38bn |
| Cash and short-term investments | — | — | THB 342.1m | THB 312.8m | THB 410.6m | THB 518.2m | THB 470.3m | THB 362.6m |
| Debt | — | — | THB 54.8m | THB 54.7m | THB 4.6m | THB 9.0m | THB 9.6m | THB 9.2m |
| Shareholders' equity | THB 1.12bn | THB 1.03bn | THB 1.10bn | THB 1.03bn | THB 1.06bn | THB 1.11bn | THB 1.04bn | THB 997.3m |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 60.7% | 64.4% | 65.8% | 67.1% | 63.4% | 57.5% |
| Operating margin | 43.3% | 47.2% | 45.6% | 48.6% | 45.4% | 34.7% |
| Net margin | 38.5% | 40.5% | 37.1% | 41.4% | 38.4% | 30.0% |
| Return on equity | 26.5% | 26.5% | 28.2% | 30.7% | 30.8% | 25.1% |
| Return on assets | 18.8% | 19.6% | 20.9% | 22.4% | 22.3% | 17.8% |
| Free cash flow yield | 2.9% | 5.3% | 5.5% | 6.7% | 7.4% | 4.9% |
| Revenue growth | 11.2% | -13.1% | 19.8% | 7.5% | 2.1% | 17.2% |
| Earnings growth | 5.5% | -5.0% | 7.2% | 16.1% | 30.7% | 24.0% |
| Current ratio | 2.21x | 2.83x | 2.65x | 2.46x | 2.55x | 2.32x |
| Debt to equity | 0.05x | 0.01x | 0.00x | 0.00x | 0.00x | 0.03x |
| Equity ratio | 70.8% | 74.0% | 74.2% | 73.0% | 72.5% | 71.0% |
| Interest coverage | 225.80x | 238.16x | 229.97x | 185.82x | 169.19x | 107.43x |
| 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 | 5.0% | 4.9% | 8.9% |
| Operating income | 0.4% | 9.1% | 16.2% |
| Net income | 2.4% | 10.3% | 16.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.4% | 64.4% | 63.2% | 59.6% |
| Operating margin | 44.0% | 45.2% | 43.7% | 36.3% |
| Net margin | 39.4% | 39.2% | 37.8% | 32.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.5 | 16.1 | 25.4 | 33.6 | 54.9 | 30.3 | 16.6 | 15.9 | 21.9 | 18.7 |
| Price to sales | 5.6 | 6.5 | 9.4 | 13.9 | 21.1 | 9.1 | 4.7 | 3.6 | 4.0 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 23 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.175 | 0.315 | 0.32 | 0.31 | 0.245 | 0.125 | 0.045 | 0.115 |
- 10-for-1 split · 1 Oct 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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