0.18
-5.26%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.73bn
FY2016FY2025
Net income
THB 445.5m
FY2016FY2025
Free cash flow
THB 144.9m
FY2016FY2025
Shareholders' equity
THB 4.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.73bn | THB 2.61bn | THB 2.45bn | THB 2.50bn | THB 2.18bn | THB 1.92bn | THB 1.88bn | THB 2.46bn | THB 2.03bn | THB 1.82bn |
| Gross profit | THB 779.1m | THB 702.6m | THB 400.1m | THB 399.3m | THB 477.3m | THB 412.6m | THB 425.1m | THB 807.1m | THB 753.1m | THB 789.7m |
| Operating income | THB 373.6m | THB 390.5m | THB 85.7m | THB 85.6m | THB 115.1m | THB 104.0m | THB 130.2m | THB 427.6m | THB 420.4m | THB 505.5m |
| Net income | THB 445.5m | THB 90.7m | −THB 164.6m | −THB 51.3m | −THB 32.2m | −THB 52.3m | THB 16.8m | THB 234.0m | THB 253.2m | THB 351.5m |
| Diluted earnings per share | 0.08 | 0.02 | -0.03 | -0.01 | -0.01 | -0.01 | 0.00 | 0.06 | 0.07 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 8.93bn | THB 10.07bn | THB 9.95bn | THB 8.58bn | THB 8.32bn | THB 8.85bn | THB 7.36bn | THB 6.85bn | THB 5.95bn | THB 5.45bn |
| Cash and short-term investments | THB 1.61bn | THB 2.67bn | THB 1.94bn | THB 1.61bn | THB 1.68bn | THB 1.75bn | THB 436.0m | THB 953.1m | THB 931.1m | THB 907.1m |
| Total liabilities | THB 2.10bn | THB 4.07bn | THB 4.34bn | THB 3.20bn | THB 2.89bn | THB 3.67bn | THB 3.76bn | THB 2.97bn | THB 2.24bn | THB 1.93bn |
| Debt | THB 1.14bn | THB 3.47bn | THB 3.75bn | THB 2.61bn | THB 1.51bn | THB 2.99bn | THB 3.15bn | THB 2.36bn | THB 1.73bn | THB 1.45bn |
| Shareholders' equity | THB 4.58bn | THB 4.06bn | THB 3.74bn | THB 3.54bn | THB 3.68bn | THB 3.55bn | THB 3.05bn | THB 3.28bn | THB 3.15bn | THB 3.06bn |
| Shares outstanding | 5,801m | 5,401m | 4,951m | 4,551m | 4,551m | 4,151m | 3,832m | 3,832m | 3,832m | 3,832m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 771.2m | THB 802.5m | THB 327.9m | THB 254.1m | THB 704.4m | THB 523.5m | THB 704.8m | THB 438.7m | THB 667.5m | THB 569.1m |
| Capital spending | −THB 626.3m | −THB 415.1m | −THB 1.15bn | −THB 179.2m | −THB 127.5m | −THB 403.2m | −THB 1.55bn | −THB 892.9m | −THB 667.1m | −THB 1.56bn |
| Free cash flow | THB 144.9m | THB 387.4m | −THB 822.9m | THB 74.9m | THB 576.9m | THB 120.3m | −THB 845.4m | −THB 454.2m | THB 422,700 | −THB 990.5m |
| Dividends paid | −THB 7.3m | — | −THB 4.9m | −THB 9.9m | −THB 4.5m | −THB 6.3m | −THB 102.3m | −THB 124.9m | −THB 164.8m | −THB 154.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 750.8m | THB 679.8m | THB 768.1m | THB 715.6m | THB 629.7m | THB 621.5m | THB 659.7m | THB 626.8m |
| Gross profit | THB 300.1m | THB 187.0m | THB 230.2m | THB 223.8m | THB 170.3m | THB 174.6m | THB 191.4m | THB 165.1m |
| Operating income | THB 50.5m | THB 95.5m | THB 118.4m | THB 672.1m | THB 80.9m | THB 88.5m | THB 92.8m | THB 90.5m |
| Net income | THB 11.4m | THB 47.3m | THB 64.7m | THB 340.9m | THB 17.6m | THB 22.2m | THB 22.0m | THB 15.9m |
| Diluted earnings per share | 0.00 | 0.01 | 0.01 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | THB 35.0m | THB 300.0m | THB 227.0m | THB 215.0m | THB 232.0m | THB 240.0m | THB 129.0m | THB 415.0m |
| Capital spending | −THB 32.0m | −THB 154.0m | −THB 176.0m | −THB 149.0m | −THB 139.0m | −THB 168.0m | −THB 103.0m | −THB 165.0m |
| Free cash flow | THB 3.0m | THB 146.0m | THB 51.0m | THB 66.0m | THB 93.0m | THB 72.0m | THB 26.0m | THB 250.0m |
| Total assets | THB 9.02bn | THB 9.06bn | THB 8.93bn | THB 9.30bn | THB 9.51bn | THB 10.21bn | THB 10.07bn | THB 9.54bn |
| Cash and short-term investments | — | THB 1.77bn | THB 1.61bn | THB 2.44bn | THB 2.13bn | THB 2.87bn | THB 2.67bn | THB 2.19bn |
| Debt | THB 673.8m | THB 1.00bn | THB 1.15bn | THB 1.90bn | THB 736.6m | THB 3.45bn | THB 3.37bn | THB 2.95bn |
| Shareholders' equity | THB 4.74bn | THB 4.78bn | THB 4.58bn | THB 4.55bn | THB 4.20bn | THB 4.19bn | THB 4.06bn | THB 4.05bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.5% | 27.0% | 16.4% | 16.0% | 21.9% | 21.5% |
| Operating margin | 13.7% | 14.7% | 3.5% | 3.4% | 5.3% | 4.5% |
| Net margin | 16.3% | 3.5% | -6.7% | -2.1% | -1.5% | -2.7% |
| Return on equity | 9.7% | 2.2% | -4.4% | -1.4% | -0.9% | -1.5% |
| Return on assets | 5.0% | 0.9% | -1.7% | -0.6% | -0.4% | -0.6% |
| Free cash flow yield | 114.7% | 107.3% | 142.2% | 45.3% | 87.0% | 106.3% |
| Revenue growth | 5.0% | 6.5% | -2.3% | 14.7% | 14.0% | 1.9% |
| Earnings growth | 391.4% | -155.1% | 220.7% | 59.4% | -38.4% | -411.2% |
| Current ratio | 2.31x | 1.44x | 1.88x | 1.62x | 1.22x | 1.57x |
| Debt to equity | 0.24x | 0.83x | 0.95x | 0.68x | 0.38x | 0.81x |
| Equity ratio | 51.3% | 40.3% | 37.6% | 41.2% | 44.2% | 40.1% |
| Interest coverage | 2.14x | 1.88x | 0.41x | 0.70x | 0.86x | 0.66x |
| Buybacks as a share of market value | -7.4% | -9.1% | -8.8% | 0.0% | -9.6% | -8.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | 7.4% | 5.3% |
| Operating income | 63.4% | 29.1% | -1.0% |
| Net income | — | — | 3.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.7% | 22.2% | 22.0% | 27.3% |
| Operating margin | 14.3% | 9.1% | 8.0% | 12.6% |
| Net margin | 10.0% | 3.1% | 1.6% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.5 | 23.2 | -18.1 | -64.7 | -131.4 | -38.9 | 139.2 | 16.9 | 23.0 | 21.7 |
| Price to sales | 0.6 | 0.8 | 1.2 | 1.3 | 1.9 | 1.1 | 1.2 | 1.6 | 2.9 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 May 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.023 | 0.029 | 0.043 | 0.04 | 0.03 | 0.028 | 0.01 | 0.013 |
- 4-for-1 split · 12 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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