3.42
-0.58%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 5.33bn
FY2016FY2025
Net income
THB 418.5m
FY2016FY2025
Free cash flow
THB 145.8m
FY2016FY2025
Shareholders' equity
THB 3.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 5.33bn | THB 5.19bn | THB 5.26bn | THB 7.68bn | THB 5.60bn | THB 3.89bn | THB 3.31bn | THB 4.12bn | THB 4.97bn | THB 5.17bn |
| Gross profit | THB 927.9m | THB 750.5m | THB 576.0m | THB 798.9m | THB 675.6m | THB 523.7m | THB 488.1m | THB 351.0m | THB 456.3m | THB 382.8m |
| Operating income | THB 537.5m | THB 421.4m | THB 206.5m | THB 384.2m | THB 321.5m | THB 215.0m | THB 158.9m | −THB 21.4m | THB 66.3m | THB 32.5m |
| Net income | THB 418.5m | THB 320.6m | THB 151.2m | THB 329.5m | THB 292.3m | THB 159.1m | THB 90.1m | −THB 139.4m | THB 16.2m | −THB 16.3m |
| Diluted earnings per share | 0.66 | 0.51 | 0.24 | 0.52 | 0.46 | 0.25 | 0.14 | -0.22 | 0.03 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 4.78bn | THB 3.98bn | THB 4.48bn | THB 4.85bn | THB 4.40bn | THB 4.13bn | THB 4.02bn | THB 4.55bn | THB 4.51bn | THB 4.79bn |
| Cash and short-term investments | THB 158.3m | THB 98.2m | THB 105.9m | THB 78.1m | THB 109.4m | THB 93.8m | THB 71.2m | THB 129.1m | THB 96.3m | THB 73.6m |
| Total liabilities | THB 1.26bn | THB 1.09bn | THB 1.84bn | THB 2.24bn | THB 2.21bn | THB 2.17bn | THB 2.17bn | THB 2.78bn | THB 2.74bn | THB 3.02bn |
| Debt | THB 645.2m | THB 624.1m | THB 1.36bn | THB 1.76bn | THB 1.68bn | THB 1.78bn | THB 1.83bn | THB 2.36bn | THB 2.43bn | THB 2.73bn |
| Shareholders' equity | THB 3.52bn | THB 2.89bn | THB 2.64bn | THB 2.62bn | THB 2.19bn | THB 1.96bn | THB 1.85bn | THB 1.77bn | THB 1.77bn | THB 1.77bn |
| Shares outstanding | 633m | 633m | 633m | 633m | 633m | 633m | 633m | 633m | 633m | 633m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 291.6m | THB 967.0m | THB 734.9m | THB 153.9m | THB 324.8m | THB 247.2m | THB 605.5m | THB 346.2m | THB 670.9m | −THB 260.1m |
| Capital spending | −THB 145.7m | −THB 98.7m | −THB 159.8m | −THB 91.2m | −THB 94.6m | −THB 57.9m | −THB 74.6m | −THB 141.3m | −THB 256.9m | −THB 861.1m |
| Free cash flow | THB 145.8m | THB 868.4m | THB 575.1m | THB 62.7m | THB 230.2m | THB 189.2m | THB 530.8m | THB 204.9m | THB 414.0m | −THB 1.12bn |
| Dividends paid | −THB 139.2m | −THB 69.6m | −THB 132.9m | −THB 120.1m | −THB 69.6m | −THB 44.9m | −THB 44.9m | −THB 25.3m | −THB 19.0m | −THB 19.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.52bn | THB 1.33bn | THB 1.28bn | THB 1.31bn | THB 1.70bn | THB 1.04bn | THB 1.06bn | THB 1.36bn |
| Gross profit | THB 236.8m | THB 184.3m | THB 151.7m | THB 240.1m | THB 408.3m | THB 140.5m | THB 155.9m | THB 246.9m |
| Operating income | THB 106.6m | THB 81.0m | THB 28.4m | THB 174.6m | THB 342.8m | THB 40.1m | THB 88.6m | THB 164.0m |
| Net income | THB 65.0m | THB 74.9m | THB 7.5m | THB 110.3m | THB 253.0m | THB 47.7m | THB 58.5m | THB 135.4m |
| Diluted earnings per share | 0.10 | 0.12 | 0.01 | 0.17 | 0.40 | 0.08 | 0.09 | 0.21 |
| Cash from operations | −THB 44.0m | THB 356.0m | THB 227.0m | −THB 169.0m | THB 269.0m | −THB 39.0m | THB 629.0m | THB 73.0m |
| Capital spending | −THB 40.0m | −THB 181.0m | −THB 41.0m | −THB 30.0m | −THB 30.0m | −THB 42.0m | −THB 19.0m | −THB 23.0m |
| Free cash flow | −THB 84.0m | THB 175.0m | THB 186.0m | −THB 199.0m | THB 239.0m | −THB 81.0m | THB 610.0m | THB 50.0m |
| Total assets | THB 4.96bn | THB 4.92bn | THB 4.78bn | THB 4.55bn | THB 4.23bn | THB 4.16bn | THB 3.98bn | THB 4.58bn |
| Cash and short-term investments | THB 267.7m | THB 335.1m | THB 158.3m | THB 164.3m | THB 135.5m | THB 156.2m | THB 98.2m | THB 171.0m |
| Debt | THB 830.9m | THB 641.1m | THB 641.0m | THB 830.6m | THB 601.0m | THB 731.2m | THB 621.4m | THB 1.26bn |
| Shareholders' equity | THB 3.49bn | THB 3.60bn | THB 3.52bn | THB 3.16bn | THB 3.05bn | THB 2.94bn | THB 2.89bn | THB 2.83bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.4% | 14.5% | 11.0% | 10.4% | 12.1% | 13.5% |
| Operating margin | 10.1% | 7.7% | 3.9% | 5.2% | 6.2% | 5.7% |
| Net margin | 7.9% | 6.2% | 2.9% | 4.3% | 5.2% | 4.1% |
| Return on equity | 11.9% | 11.1% | 5.7% | 12.6% | 13.4% | 8.1% |
| Return on assets | 8.8% | 8.1% | 3.4% | 6.8% | 6.6% | 3.8% |
| Free cash flow yield | 20.0% | 48.7% | 40.9% | 11.2% | 19.1% | 13.9% |
| Revenue growth | 2.6% | -1.2% | -31.6% | 37.2% | 43.9% | 17.4% |
| Earnings growth | 30.5% | 112.0% | -54.1% | 12.7% | 83.7% | 76.5% |
| Current ratio | 1.59x | 1.24x | 0.87x | 0.95x | 0.79x | 0.63x |
| Debt to equity | 0.18x | 0.21x | 0.51x | 0.67x | 0.77x | 0.90x |
| Equity ratio | 73.7% | 72.7% | 59.0% | 53.9% | 49.7% | 47.5% |
| Interest coverage | 32.91x | 9.80x | 4.03x | 7.55x | 7.18x | 3.73x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.1% | -0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.5% | 6.5% | 3.1% |
| Operating income | 11.8% | 20.1% | — |
| Net income | 8.3% | 21.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.0% | 13.0% | 12.9% | 11.5% |
| Operating margin | 9.1% | 6.6% | 6.3% | 4.2% |
| Net margin | 7.0% | 5.2% | 5.1% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.0 | 5.7 | 10.9 | 5.8 | 6.4 | 7.2 | 11.4 | -6.8 | 75.0 | -105.0 |
| Price to sales | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 13 Mar 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.22 | 0.11 | 0.21 | 0.19 | 0.11 | 0.071 | 0.04 | 0.03 |
- 2-for-1 split · 28 Jan 2013
- 31-for-30 split · 2 Apr 2007
- 31-for-30 split · 30 Mar 2006
- 10-for-1 split · 8 Mar 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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