1.60
+0.63%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.76bn
FY2016FY2025
Net income
THB 279.7m
FY2016FY2025
Free cash flow
THB 224.0m
FY2016FY2025
Shareholders' equity
THB 2.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.76bn | THB 2.60bn | THB 2.47bn | THB 2.66bn | THB 2.10bn | THB 1.81bn | THB 2.06bn | THB 1.94bn | THB 2.00bn | THB 1.99bn |
| Gross profit | THB 742.9m | THB 686.6m | THB 760.7m | THB 788.9m | THB 488.1m | THB 309.5m | THB 407.6m | THB 367.7m | THB 479.2m | THB 537.1m |
| Operating income | THB 462.1m | THB 401.8m | THB 505.6m | THB 530.9m | THB 404.4m | THB 60.1m | THB 243.4m | THB 160.6m | THB 252.7m | THB 376.4m |
| Net income | THB 279.7m | THB 276.2m | THB 374.0m | THB 408.6m | THB 329.0m | THB 18.7m | THB 186.8m | THB 125.6m | THB 204.2m | THB 285.7m |
| Diluted earnings per share | 0.18 | 0.18 | 0.25 | 0.27 | 0.22 | 0.01 | 0.13 | 0.08 | 0.14 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 4.46bn | THB 4.20bn | THB 3.55bn | THB 3.72bn | THB 3.13bn | THB 2.87bn | THB 2.76bn | THB 2.55bn | THB 2.80bn | THB 2.43bn |
| Cash and short-term investments | THB 551.0m | THB 570.3m | THB 221.4m | THB 469.8m | THB 197.9m | THB 314.4m | THB 184.9m | THB 87.9m | THB 259.1m | THB 131.8m |
| Total liabilities | THB 1.88bn | THB 1.77bn | THB 1.27bn | THB 1.60bn | THB 1.32bn | THB 1.28bn | THB 1.14bn | THB 876.0m | THB 1.47bn | THB 1.34bn |
| Debt | THB 1.25bn | THB 1.18bn | THB 783.4m | THB 1.00bn | THB 799.2m | THB 866.9m | THB 771.2m | THB 556.3m | THB 1.14bn | THB 958.2m |
| Shareholders' equity | THB 2.58bn | THB 2.43bn | THB 2.28bn | THB 2.12bn | THB 1.81bn | THB 1.59bn | THB 1.62bn | THB 1.68bn | THB 1.33bn | THB 1.09bn |
| Shares outstanding | 1,513m | 1,513m | 1,513m | 1,513m | 1,473m | 1,513m | 1,473m | 1,511m | 1,428m | 1,393m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 568.8m | THB 523.1m | THB 526.1m | THB 299.0m | THB 245.7m | THB 316.0m | THB 419.5m | THB 408.0m | THB 314.6m | THB 543.7m |
| Capital spending | −THB 344.8m | −THB 423.0m | −THB 358.6m | −THB 143.0m | −THB 140.4m | −THB 241.3m | −THB 299.3m | −THB 222.0m | −THB 222.6m | −THB 227.0m |
| Free cash flow | THB 224.0m | THB 100.0m | THB 167.4m | THB 156.0m | THB 105.3m | THB 74.7m | THB 120.1m | THB 186.0m | THB 92.0m | THB 316.7m |
| Dividends paid | −THB 121.0m | −THB 121.0m | −THB 211.8m | −THB 224.2m | −THB 132.6m | −THB 66.3m | −THB 133.9m | −THB 114.0m | −THB 197.0m | −THB 157.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 737.1m | THB 602.1m | THB 775.6m | THB 718.8m | THB 652.6m | THB 608.4m | THB 694.3m | THB 681.2m |
| Gross profit | THB 195.8m | THB 162.0m | THB 194.3m | THB 200.4m | THB 193.8m | THB 154.3m | THB 171.1m | THB 190.0m |
| Operating income | THB 118.7m | THB 91.7m | THB 97.8m | THB 133.7m | THB 86.6m | THB 112.5m | THB 150.7m | THB 22.3m |
| Net income | THB 109.7m | THB 65.4m | THB 39.3m | THB 99.3m | THB 64.1m | THB 77.0m | THB 109.2m | THB 7.3m |
| Diluted earnings per share | 0.07 | 0.04 | 0.03 | 0.07 | 0.04 | 0.05 | 0.07 | 0.00 |
| Cash from operations | THB 29.0m | −THB 26.0m | THB 64.0m | THB 248.0m | THB 89.0m | THB 195.0m | THB 194.0m | THB 107.0m |
| Capital spending | −THB 184.0m | −THB 165.0m | −THB 74.0m | −THB 78.0m | −THB 113.0m | −THB 87.0m | −THB 91.0m | −THB 232.0m |
| Free cash flow | −THB 155.0m | −THB 191.0m | −THB 10.0m | THB 170.0m | −THB 24.0m | THB 108.0m | THB 103.0m | −THB 125.0m |
| Total assets | THB 5.00bn | THB 4.63bn | THB 4.46bn | THB 4.16bn | THB 4.03bn | THB 3.95bn | THB 4.20bn | THB 3.98bn |
| Cash and short-term investments | THB 441.3m | THB 368.6m | THB 551.0m | THB 506.9m | THB 350.3m | THB 355.2m | THB 570.3m | THB 386.8m |
| Debt | THB 1.35bn | THB 1.08bn | THB 1.08bn | THB 999.4m | THB 944.2m | THB 856.8m | THB 1.18bn | THB 1.06bn |
| Shareholders' equity | THB 2.69bn | THB 2.64bn | THB 2.58bn | THB 2.54bn | THB 2.50bn | THB 2.50bn | THB 2.43bn | THB 2.33bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.0% | 26.4% | 30.8% | 29.7% | 23.3% | 17.1% |
| Operating margin | 16.8% | 15.4% | 20.4% | 19.9% | 19.3% | 3.3% |
| Net margin | 10.2% | 10.6% | 15.1% | 15.4% | 15.7% | 1.0% |
| Return on equity | 10.9% | 11.4% | 16.4% | 19.3% | 18.2% | 1.2% |
| Return on assets | 6.3% | 6.6% | 10.5% | 11.0% | 10.5% | 0.7% |
| Free cash flow yield | 38.2% | 39.6% | 37.0% | 18.5% | 16.6% | 23.3% |
| Revenue growth | 6.1% | 5.1% | -6.9% | 26.6% | 16.2% | -12.1% |
| Earnings growth | 1.3% | -26.2% | -8.5% | 24.2% | 1654.8% | -90.0% |
| Current ratio | 1.81x | 1.79x | 1.96x | 1.63x | 1.51x | 1.29x |
| Debt to equity | 0.42x | 0.49x | 0.34x | 0.47x | 0.44x | 0.54x |
| Equity ratio | 57.7% | 57.8% | 64.3% | 57.0% | 57.8% | 55.4% |
| Interest coverage | 11.58x | 10.75x | 14.80x | 28.10x | 24.28x | 2.04x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -2.7% | 2.6% | -2.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.2% | 8.8% | 4.1% |
| Operating income | -4.5% | 50.4% | 6.6% |
| Net income | -11.9% | 71.7% | 3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.7% | 28.4% | 26.3% | 24.9% |
| Operating margin | 16.1% | 18.1% | 16.4% | 15.0% |
| Net margin | 10.4% | 12.8% | 11.7% | 11.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.9 | 10.7 | 10.0 | 11.6 | 15.6 | 120.3 | 15.8 | 22.4 | 34.4 | 21.9 |
| Price to sales | 0.9 | 1.1 | 1.5 | 1.8 | 2.4 | 1.3 | 1.4 | 1.4 | 3.5 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 5 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.08 | 0.08 | 0.14 | 0.15 | 0.09 | 0.045 | 0.09 |
- 4-for-1 split · 17 Oct 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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