9.60
+1.05%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 18.84bn
FY2016FY2025
Net income
THB 2.44bn
FY2016FY2025
Free cash flow
THB 2.16bn
FY2016FY2025
Shareholders' equity
THB 21.54bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 18.84bn | THB 19.31bn | THB 18.96bn | THB 18.22bn | THB 13.78bn | THB 14.47bn | THB 16.86bn | THB 16.65bn | THB 16.93bn | THB 16.69bn |
| Gross profit | THB 3.08bn | THB 2.67bn | THB 2.21bn | THB 2.87bn | THB 1.07bn | THB 2.11bn | THB 2.42bn | THB 2.38bn | THB 2.78bn | THB 2.50bn |
| Operating income | THB 1.61bn | THB 1.66bn | THB 1.14bn | THB 2.37bn | THB 272.4m | THB 1.05bn | THB 1.55bn | THB 830.8m | THB 2.05bn | THB 1.91bn |
| Net income | THB 2.44bn | THB 1.97bn | THB 1.38bn | THB 2.04bn | THB 209.3m | THB 1.35bn | THB 1.20bn | THB 1.04bn | THB 1.75bn | THB 1.64bn |
| Diluted earnings per share | 1.95 | 1.57 | 1.10 | 1.63 | 0.17 | 1.08 | 0.95 | 0.83 | 1.39 | 1.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 27.92bn | THB 26.32bn | THB 25.33bn | THB 23.41bn | THB 21.22bn | THB 20.41bn | THB 18.82bn | THB 18.13bn | THB 17.37bn | THB 16.16bn |
| Cash and short-term investments | THB 3.53bn | THB 2.10bn | THB 1.61bn | THB 1.26bn | THB 962.7m | THB 1.19bn | THB 1.09bn | THB 1.24bn | THB 736.3m | THB 310.9m |
| Total liabilities | THB 6.23bn | THB 6.82bn | THB 7.59bn | THB 6.81bn | THB 6.54bn | THB 5.70bn | THB 5.21bn | THB 5.40bn | THB 5.20bn | THB 5.38bn |
| Debt | THB 3.87bn | THB 4.76bn | THB 5.17bn | THB 4.83bn | THB 4.68bn | THB 3.78bn | THB 3.42bn | THB 3.44bn | THB 3.58bn | THB 3.81bn |
| Shareholders' equity | THB 21.54bn | THB 19.35bn | THB 17.61bn | THB 16.48bn | THB 14.56bn | THB 14.58bn | THB 13.48bn | THB 12.60bn | THB 12.03bn | THB 10.66bn |
| Shares outstanding | 1,254m | 1,254m | 1,254m | 1,254m | 1,254m | 1,254m | 1,254m | 1,254m | 1,254m | 1,254m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 3.66bn | THB 2.31bn | THB 1.97bn | THB 2.08bn | THB 916.1m | THB 2.55bn | THB 2.01bn | THB 2.48bn | THB 2.46bn | THB 2.09bn |
| Capital spending | −THB 1.51bn | −THB 1.86bn | −THB 1.80bn | −THB 1.80bn | −THB 1.79bn | −THB 2.18bn | −THB 1.87bn | −THB 1.46bn | −THB 1.46bn | −THB 1.75bn |
| Free cash flow | THB 2.16bn | THB 449.0m | THB 171.0m | THB 271.9m | −THB 870.1m | THB 372.9m | THB 139.4m | THB 1.01bn | THB 999.9m | THB 334.8m |
| Dividends paid | −THB 250.7m | −THB 187.9m | −THB 250.7m | −THB 125.4m | −THB 250.7m | −THB 250.7m | −THB 313.4m | −THB 376.1m | −THB 376.0m | −THB 313.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 4.65bn | THB 4.27bn | THB 4.57bn | THB 4.74bn | THB 4.88bn | THB 4.65bn | THB 4.90bn | THB 5.05bn |
| Gross profit | THB 785.9m | THB 624.9m | THB 650.3m | THB 962.6m | THB 816.1m | THB 652.0m | THB 626.7m | THB 784.6m |
| Operating income | THB 436.5m | THB 309.1m | THB 239.2m | THB 734.9m | THB 568.2m | THB 407.6m | THB 403.5m | THB 467.0m |
| Net income | THB 600.6m | THB 517.1m | THB 443.4m | THB 715.4m | THB 642.1m | THB 638.5m | THB 383.0m | THB 541.8m |
| Diluted earnings per share | 0.48 | 0.41 | 0.35 | 0.57 | 0.51 | 0.51 | 0.31 | 0.43 |
| Cash from operations | THB 627.0m | THB 1.74bn | THB 309.0m | THB 1.03bn | THB 912.0m | THB 1.21bn | −THB 81.0m | THB 1.09bn |
| Capital spending | −THB 407.0m | −THB 394.0m | −THB 445.0m | −THB 406.0m | −THB 359.0m | −THB 294.0m | −THB 519.0m | −THB 791.0m |
| Free cash flow | THB 220.0m | THB 1.34bn | −THB 136.0m | THB 628.0m | THB 553.0m | THB 917.0m | −THB 600.0m | THB 301.0m |
| Total assets | THB 28.72bn | THB 28.49bn | THB 27.92bn | THB 27.58bn | THB 27.25bn | THB 26.53bn | THB 26.32bn | THB 26.62bn |
| Cash and short-term investments | THB 4.48bn | THB 4.67bn | THB 3.53bn | THB 3.68bn | THB 3.18bn | THB 2.66bn | THB 2.10bn | THB 3.03bn |
| Debt | THB 154.0m | THB 3.72bn | THB 3.90bn | THB 3.92bn | THB 3.99bn | THB 3.99bn | THB 4.45bn | THB 4.76bn |
| Shareholders' equity | THB 22.40bn | THB 22.05bn | THB 21.54bn | THB 21.09bn | THB 20.38bn | THB 19.99bn | THB 19.35bn | THB 19.01bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.4% | 13.8% | 11.7% | 15.7% | 7.8% | 14.6% |
| Operating margin | 8.6% | 8.6% | 6.0% | 13.0% | 2.0% | 7.2% |
| Net margin | 12.9% | 10.2% | 7.3% | 11.2% | 1.5% | 9.3% |
| Return on equity | 11.3% | 10.2% | 7.8% | 12.4% | 1.4% | 9.3% |
| Return on assets | 8.7% | 7.5% | 5.4% | 8.7% | 1.0% | 6.6% |
| Free cash flow yield | 36.5% | 29.5% | 26.6% | 27.4% | 19.1% | 33.4% |
| Revenue growth | -2.5% | 1.9% | 4.1% | 32.2% | -4.8% | -14.2% |
| Earnings growth | 23.6% | 43.4% | -32.7% | 876.6% | -84.5% | 13.1% |
| Current ratio | 4.37x | 2.86x | 2.01x | 2.23x | 1.43x | 2.28x |
| Debt to equity | 0.18x | 0.23x | 0.28x | 0.27x | 0.30x | 0.24x |
| Equity ratio | 77.1% | 73.5% | 69.5% | 70.4% | 68.6% | 71.5% |
| Interest coverage | 15.78x | 13.88x | 10.37x | 27.54x | 3.88x | 11.50x |
| 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 | 1.1% | 5.4% | 1.4% |
| Operating income | -12.0% | 9.0% | 2.1% |
| Net income | 6.1% | 12.5% | 7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.1% | 14.4% | 13.5% | 13.9% |
| Operating margin | 8.6% | 9.0% | 7.8% | 8.4% |
| Net margin | 11.6% | 10.4% | 9.1% | 8.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.5 | 6.1 | 10.5 | 7.8 | 76.7 | 13.2 | 12.9 | 14.5 | 10.1 | 11.2 |
| Price to sales | 0.7 | 0.6 | 0.8 | 0.9 | 1.2 | 1.2 | 0.9 | 0.9 | 1.0 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 4 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.15 | 0.20 | 0.10 | 0.20 | 0.20 | 0.25 |
- 10-for-1 split · 17 May 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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