7.05
+2.17%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 13.18bn
FY2016FY2025
Net income
THB 1.46bn
FY2016FY2025
Free cash flow
THB 160.2m
FY2016FY2025
Shareholders' equity
THB 36.49bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 13.18bn | THB 14.18bn | THB 15.50bn | THB 15.72bn | THB 15.36bn | THB 18.38bn | THB 19.41bn | THB 12.69bn | THB 1.89bn | THB 1.68bn |
| Research and development | — | — | THB 0 | THB 0 | THB 0 | THB 0 | THB 0 | THB 0 | — | THB 0 |
| Operating income | THB 2.12bn | THB 2.71bn | THB 3.17bn | THB 3.88bn | THB 2.81bn | THB 4.61bn | THB 4.80bn | THB 434.0m | THB 1000.0m | THB 901.4m |
| Net income | THB 1.46bn | THB 1.44bn | THB 1.85bn | THB 2.46bn | THB 1.59bn | THB 2.79bn | THB 3.48bn | THB 2.45bn | THB 480.0m | THB 275.0m |
| Diluted earnings per share | 0.61 | 0.62 | 0.80 | 1.06 | 0.68 | 1.18 | 1.73 | 1.30 | 0.26 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 93.88bn | THB 96.59bn | THB 95.87bn | THB 98.97bn | THB 92.64bn | THB 93.17bn | THB 92.39bn | THB 5.39bn | THB 40.80bn | THB 36.09bn |
| Cash and short-term investments | THB 1.07bn | THB 1.24bn | THB 1.08bn | THB 1.08bn | THB 974.9m | THB 2.58bn | THB 4.50bn | THB 7.48bn | THB 2.62bn | THB 306.4m |
| Total liabilities | THB 57.66bn | THB 60.12bn | THB 58.79bn | THB 62.48bn | THB 58.38bn | THB 61.05bn | THB 64.52bn | THB 1.83bn | THB 15.87bn | THB 24.68bn |
| Debt | THB 46.58bn | THB 48.35bn | THB 47.15bn | THB 50.29bn | THB 47.27bn | THB 47.34bn | THB 46.98bn | THB 21.20bn | THB 13.32bn | THB 22.25bn |
| Shareholders' equity | THB 36.49bn | THB 36.69bn | THB 36.77bn | THB 36.13bn | THB 34.43bn | THB 32.25bn | THB 27.18bn | THB 82.84bn | THB 24.93bn | THB 11.41bn |
| Shares outstanding | 2,386m | 2,332m | 2,319m | 2,319m | 2,344m | 2,363m | 2,019m | 1,880m | 1,878m | 1,752m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 2.64bn | THB 3.07bn | THB 2.76bn | THB 4.51bn | THB 4.20bn | THB 2.03bn | −THB 3.96bn | −THB 3.23bn | THB 996.8m | THB 87.1m |
| Capital spending | −THB 2.48bn | −THB 2.75bn | −THB 1.32bn | −THB 5.02bn | −THB 3.66bn | −THB 375.6m | −THB 44.6m | −THB 97.0m | −THB 20.0m | −THB 12.9m |
| Free cash flow | THB 160.2m | THB 317.8m | THB 1.44bn | −THB 516.1m | THB 536.1m | THB 1.66bn | −THB 4.01bn | −THB 3.33bn | THB 976.7m | THB 74.2m |
| Dividends paid | −THB 719.0m | −THB 947.7m | −THB 1.02bn | −THB 788.6m | −THB 1.39bn | −THB 927.7m | −THB 495.2m | −THB 768.9m | −THB 146.7m | −THB 549.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.93bn | THB 2.68bn | THB 3.22bn | THB 3.62bn | THB 3.96bn | THB 2.97bn | THB 3.23bn | THB 4.09bn |
| Operating income | — | THB 199.8m | THB 585.7m | THB 708.7m | THB 916.3m | THB 404.9m | THB 502.5m | THB 1.17bn |
| Net income | THB 496.4m | THB 1.27bn | THB 334.0m | THB 267.9m | THB 644.2m | THB 222.2m | THB 326.5m | THB 632.3m |
| Diluted earnings per share | 0.22 | 0.55 | 0.14 | 0.11 | 0.27 | 0.09 | 0.14 | 0.27 |
| Cash from operations | THB 891.0m | THB 215.0m | THB 1.40bn | THB 1.34bn | THB 1.33bn | THB 11.0m | THB 525.0m | THB 1.43bn |
| Capital spending | −THB 226.0m | −THB 485.0m | −THB 621.0m | −THB 445.0m | −THB 667.0m | −THB 566.0m | −THB 798.0m | −THB 688.0m |
| Free cash flow | THB 665.0m | −THB 270.0m | THB 776.0m | THB 900.0m | THB 659.0m | −THB 555.0m | −THB 273.0m | THB 740.0m |
| Total assets | THB 100.90bn | THB 98.98bn | THB 93.54bn | THB 93.88bn | THB 95.72bn | THB 96.59bn | THB 95.84bn | THB 96.59bn |
| Cash and short-term investments | — | THB 883.5m | THB 777.7m | THB 1.07bn | THB 1.20bn | THB 991.4m | THB 841.4m | THB 1.24bn |
| Debt | THB 32.17bn | THB 47.79bn | THB 45.18bn | THB 46.58bn | THB 48.19bn | THB 49.48bn | THB 47.72bn | THB 48.35bn |
| Shareholders' equity | THB 38.16bn | THB 37.42bn | THB 36.68bn | THB 36.49bn | THB 36.80bn | THB 36.35bn | THB 36.97bn | THB 36.69bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 16.1% | 19.1% | 20.5% | 24.7% | 18.3% | 25.1% | — | — |
| Net margin | 11.1% | 10.1% | 11.9% | 15.7% | 10.3% | 15.2% | — | — |
| Return on equity | 4.0% | 3.9% | 5.0% | 6.8% | 4.6% | 8.7% | — | — |
| Return on assets | 1.6% | 1.5% | 1.9% | 2.5% | 1.7% | 3.0% | — | — |
| Free cash flow yield | 29.8% | 34.7% | 24.4% | 57.1% | 46.6% | 14.2% | — | — |
| Revenue growth | -7.1% | -8.5% | -1.4% | 2.4% | -16.4% | -5.3% | — | — |
| Earnings growth | 1.6% | -22.3% | -24.9% | 55.4% | -43.2% | -19.9% | — | — |
| Current ratio | 1.93x | 2.11x | 0.06x | 1.52x | 1.62x | 2.29x | — | — |
| Debt to equity | 1.28x | 1.32x | 1.28x | 1.39x | 1.37x | 1.47x | — | — |
| Equity ratio | 38.9% | 38.0% | 38.4% | 36.5% | 37.2% | 34.6% | — | — |
| Interest coverage | 1.67x | 2.20x | 2.73x | 4.03x | 2.64x | 4.07x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -2.3% | -0.5% | 0.0% | 1.1% | 0.8% | -17.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.7% | -6.4% | 11.0% |
| Operating income | -18.2% | -14.4% | 3.2% |
| Net income | -16.0% | -12.1% | 6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 17.7% | 20.3% | 20.9% | 21.1% |
| Net margin | 10.6% | 12.3% | 12.6% | 14.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.8 | 19.1 | 19.0 | 14.4 | 17.9 | 10.4 | 8.6 | 10.3 | 62.3 | 103.3 |
| Price to sales | 1.1 | 1.9 | 2.3 | 2.3 | 1.9 | 1.6 | 1.5 | 2.0 | 15.8 | 17.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 4 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.32 | 0.31 | 0.40 | 0.43 | 0.34 | 0.60 | 0.449 | 0.361 |
- 5-for-1 split · 8 Oct 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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