2.40
+0.84%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.39bn
FY2016FY2025
Net income
THB 123.0m
FY2016FY2025
Free cash flow
THB 204.1m
FY2016FY2025
Shareholders' equity
THB 863.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.39bn | THB 1.34bn | THB 1.14bn | THB 1.09bn | THB 1.01bn | THB 907.2m | THB 1.03bn | THB 1.02bn | THB 975.3m | THB 822.6m |
| Gross profit | THB 329.7m | THB 342.6m | THB 303.2m | THB 288.5m | THB 229.2m | THB 224.7m | THB 272.7m | THB 283.7m | THB 259.5m | THB 203.9m |
| Operating income | THB 145.7m | THB 167.8m | THB 150.4m | THB 122.5m | THB 73.6m | THB 86.0m | THB 129.9m | THB 152.5m | THB 149.9m | THB 109.8m |
| Net income | THB 123.0m | THB 116.2m | THB 117.7m | THB 80.7m | THB 44.0m | THB 60.5m | THB 114.6m | THB 130.2m | THB 130.6m | THB 87.2m |
| Diluted earnings per share | 0.19 | 0.18 | 0.18 | 0.12 | 0.07 | 0.09 | 0.17 | 0.20 | 0.20 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.30bn | THB 1.22bn | THB 1.18bn | THB 1.18bn | THB 1.09bn | THB 1.05bn | THB 934.1m | THB 914.6m | THB 880.8m | THB 480.7m |
| Cash and short-term investments | THB 121.7m | THB 59.1m | THB 102.6m | THB 33.2m | THB 17.4m | THB 37.3m | THB 116.5m | THB 272.8m | THB 310.8m | THB 11.5m |
| Total liabilities | THB 432.7m | THB 346.0m | THB 336.0m | THB 375.2m | THB 335.6m | THB 315.8m | THB 199.5m | THB 171.1m | THB 137.9m | THB 165.1m |
| Debt | THB 170.4m | THB 91.2m | THB 95.0m | THB 143.5m | THB 109.2m | THB 65.0m | THB 35.0m | THB 15.0m | THB 38.2m | THB 53.6m |
| Shareholders' equity | THB 863.7m | THB 873.0m | THB 846.6m | THB 808.4m | THB 750.8m | THB 729.5m | THB 734.6m | THB 743.5m | THB 742.9m | THB 315.6m |
| Shares outstanding | 660m | 660m | 660m | 660m | 660m | 660m | 660m | 660m | 660m | 660m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 208.0m | THB 69.1m | THB 261.8m | THB 18.3m | −THB 4.5m | THB 70.9m | THB 84.6m | THB 88.1m | THB 58.7m | THB 90.6m |
| Capital spending | −THB 3.9m | −THB 3.4m | −THB 3.4m | −THB 3.7m | −THB 3.5m | −THB 88.5m | −THB 134.9m | −THB 1.8m | −THB 2.8m | −THB 6.6m |
| Free cash flow | THB 204.1m | THB 65.6m | THB 258.4m | THB 14.6m | −THB 7.9m | −THB 17.6m | −THB 50.3m | THB 86.2m | THB 55.9m | THB 84.0m |
| Dividends paid | −THB 132.0m | −THB 92.5m | −THB 85.8m | −THB 23.1m | −THB 24.1m | −THB 65.9m | −THB 108.0m | −THB 129.7m | −THB 123.9m | −THB 305.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 486.2m | THB 421.5m | THB 371.8m | THB 366.3m | THB 326.9m | THB 324.7m | THB 405.0m | THB 381.1m |
| Gross profit | THB 116.3m | THB 102.6m | THB 88.9m | THB 88.4m | THB 83.0m | THB 82.5m | THB 107.3m | THB 97.9m |
| Operating income | THB 62.3m | THB 59.9m | THB 29.6m | THB 45.4m | THB 43.1m | THB 35.3m | THB 48.3m | THB 71.0m |
| Net income | THB 47.3m | THB 47.8m | THB 25.7m | THB 32.3m | THB 34.5m | THB 30.5m | THB 28.1m | THB 56.3m |
| Diluted earnings per share | 0.07 | 0.07 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.09 |
| Cash from operations | −THB 4.0m | THB 51.0m | THB 47.0m | THB 37.0m | −THB 4.0m | THB 129.0m | THB 20.0m | THB 30.0m |
| Capital spending | −THB 3.0m | — | — | −THB 1.0m | — | — | — | — |
| Free cash flow | −THB 7.0m | — | — | THB 36.0m | — | — | — | — |
| Total assets | THB 1.37bn | THB 1.33bn | THB 1.30bn | THB 1.23bn | THB 1.20bn | THB 1.29bn | THB 1.22bn | THB 1.23bn |
| Cash and short-term investments | THB 74.4m | THB 170.9m | THB 121.7m | THB 78.4m | THB 98.8m | THB 185.9m | THB 59.1m | THB 46.3m |
| Debt | THB 4.3m | THB 4.2m | THB 4.2m | THB 4.1m | THB 8.1m | THB 8.0m | THB 3.9m | THB 3.9m |
| Shareholders' equity | THB 898.4m | THB 911.0m | THB 863.7m | THB 838.0m | THB 858.6m | THB 903.4m | THB 873.0m | THB 842.2m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.7% | 25.6% | 26.5% | 26.5% | 22.8% | 24.8% |
| Operating margin | 10.5% | 11.3% | 13.3% | 9.9% | 6.0% | 8.5% |
| Net margin | 8.8% | 8.7% | 10.3% | 7.4% | 4.4% | 6.7% |
| Return on equity | 14.2% | 13.3% | 13.9% | 10.0% | 5.9% | 8.3% |
| Return on assets | 9.5% | 9.5% | 10.0% | 6.8% | 4.1% | 5.8% |
| Free cash flow yield | 14.0% | 4.8% | 17.5% | 1.4% | -0.1% | 10.5% |
| Revenue growth | 3.7% | 17.1% | 5.1% | 8.3% | 10.8% | -11.6% |
| Earnings growth | 5.8% | -1.3% | 45.9% | 83.2% | -27.3% | -47.2% |
| Current ratio | 3.03x | 3.69x | 3.68x | 2.87x | 2.90x | 2.95x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.11x | 0.07x | 0.01x |
| Equity ratio | 66.6% | 71.6% | 71.6% | 68.3% | 69.1% | 69.8% |
| Interest coverage | 29.78x | 30.11x | 33.15x | 18.26x | 14.16x | 45.84x |
| 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 | 8.5% | 8.9% | 6.2% |
| Operating income | 6.0% | 11.1% | 3.2% |
| Net income | 15.1% | 15.2% | 4.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.6% | 25.5% | 25.0% | 25.5% |
| Operating margin | 11.5% | 11.8% | 10.8% | 12.1% |
| Net margin | 8.8% | 8.8% | 7.9% | 9.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.0 | 8.7 | 8.4 | 11.7 | 24.7 | 16.1 | 10.6 | 8.9 | 14.7 |
| Price to sales | 0.9 | 0.8 | 0.9 | 0.9 | 1.1 | 1.1 | 1.2 | 1.1 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 27 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.14 | 0.13 | 0.036 | 0.036 | 0.10 | 0.164 | 0.196 |
- 11-for-10 split · 24 Mar 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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