7.15
-0.69%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 31.60bn
FY2016FY2025
Net income
THB 1.96bn
FY2016FY2025
Free cash flow
THB 4.53bn
FY2016FY2025
Shareholders' equity
THB 25.54bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 31.60bn | THB 32.29bn | THB 32.30bn | THB 35.27bn | THB 33.50bn | THB 26.80bn | THB 28.08bn | THB 25.40bn | THB 20.83bn | THB 18.86bn |
| Gross profit | THB 8.16bn | THB 8.34bn | THB 8.26bn | THB 9.10bn | THB 8.43bn | THB 6.40bn | THB 5.78bn | THB 5.31bn | THB 4.29bn | THB 3.88bn |
| Operating income | THB 1.88bn | THB 2.95bn | THB 3.45bn | THB 4.40bn | THB 4.24bn | THB 2.65bn | THB 2.85bn | THB 2.68bn | THB 2.14bn | THB 2.02bn |
| Net income | THB 1.96bn | THB 2.38bn | THB 2.67bn | THB 3.49bn | THB 3.34bn | THB 1.96bn | THB 2.09bn | THB 2.00bn | THB 1.61bn | THB 1.49bn |
| Diluted earnings per share | 0.36 | 0.44 | 0.49 | 0.65 | 0.62 | 0.36 | 0.39 | 0.37 | 0.30 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 40.19bn | THB 39.50bn | THB 39.06bn | THB 39.15bn | THB 39.27bn | THB 36.02bn | THB 35.99bn | THB 31.02bn | THB 28.23bn | THB 27.95bn |
| Cash and short-term investments | THB 2.21bn | THB 1.72bn | THB 1.27bn | THB 1.19bn | THB 1.77bn | THB 1.22bn | THB 1.30bn | THB 661.6m | THB 347.0m | THB 169.0m |
| Total liabilities | THB 14.40bn | THB 14.55bn | THB 15.51bn | THB 17.06bn | THB 19.44bn | THB 18.81bn | THB 19.86bn | THB 16.13bn | THB 14.85bn | THB 11.70bn |
| Debt | THB 11.19bn | THB 10.79bn | THB 12.03bn | THB 14.26bn | THB 16.40bn | THB 15.47bn | THB 16.00bn | THB 12.92bn | THB 11.63bn | THB 7.82bn |
| Shareholders' equity | THB 25.54bn | THB 24.66bn | THB 23.24bn | THB 21.79bn | THB 19.56bn | THB 16.98bn | THB 15.91bn | THB 14.67bn | THB 13.35bn | THB 16.25bn |
| Shares outstanding | 5,402m | 5,402m | 5,402m | 5,402m | 5,402m | 5,402m | 5,402m | 5,402m | 5,402m | 5,402m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 6.29bn | THB 4.42bn | THB 5.81bn | THB 4.84bn | THB 3.20bn | THB 4.83bn | THB 1.53bn | THB 2.25bn | THB 140.0m | −THB 381.0m |
| Capital spending | −THB 1.77bn | −THB 1.52bn | −THB 2.14bn | −THB 1.44bn | −THB 1.86bn | −THB 2.50bn | −THB 2.88bn | −THB 2.29bn | −THB 2.79bn | −THB 2.73bn |
| Free cash flow | THB 4.53bn | THB 2.90bn | THB 3.67bn | THB 3.39bn | THB 1.35bn | THB 2.33bn | −THB 1.35bn | −THB 35.5m | −THB 2.65bn | −THB 3.11bn |
| Dividends paid | −THB 958.6m | −THB 872.5m | −THB 1.22bn | −THB 1.17bn | −THB 814.5m | −THB 862.5m | −THB 822.5m | −THB 709.2m | −THB 605.7m | −THB 158.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 8.17bn | THB 8.59bn | THB 7.63bn | THB 7.42bn | THB 8.18bn | THB 8.37bn | THB 7.62bn | THB 7.18bn |
| Gross profit | THB 2.58bn | THB 2.29bn | THB 2.01bn | THB 1.96bn | THB 2.08bn | THB 2.11bn | THB 1.97bn | THB 1.86bn |
| Operating income | THB 949.9m | THB 767.6m | THB 343.5m | THB 325.3m | THB 642.7m | THB 798.7m | THB 666.2m | THB 434.9m |
| Net income | THB 955.5m | THB 802.6m | THB 429.5m | THB 392.2m | THB 520.4m | THB 621.9m | THB 523.5m | THB 363.7m |
| Diluted earnings per share | 0.18 | 0.15 | 0.08 | 0.07 | 0.10 | 0.12 | 0.10 | 0.07 |
| Cash from operations | — | THB 3.31bn | THB 6.28bn | −THB 492.0m | −THB 782.0m | THB 1.40bn | THB 1.54bn | THB 877.0m |
| Capital spending | — | −THB 213.0m | −THB 369.0m | −THB 512.0m | −THB 492.0m | −THB 395.0m | −THB 342.0m | −THB 394.0m |
| Free cash flow | — | THB 3.10bn | THB 5.91bn | −THB 1.00bn | −THB 1.27bn | THB 1.01bn | THB 1.20bn | THB 483.0m |
| Total assets | THB 38.74bn | THB 39.06bn | THB 40.19bn | THB 40.91bn | THB 40.61bn | THB 40.77bn | THB 39.50bn | THB 38.77bn |
| Cash and short-term investments | — | THB 1.68bn | THB 2.21bn | THB 1.06bn | THB 986.1m | THB 2.26bn | THB 1.72bn | THB 1.04bn |
| Debt | THB 660.0m | THB 6.73bn | THB 10.14bn | THB 11.03bn | THB 10.33bn | THB 9.23bn | THB 9.71bn | THB 10.23bn |
| Shareholders' equity | THB 26.00bn | THB 26.08bn | THB 25.54bn | THB 25.15bn | THB 24.78bn | THB 25.27bn | THB 24.66bn | THB 24.10bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.8% | 25.8% | 25.6% | 25.8% | 25.2% | 23.9% |
| Operating margin | 5.9% | 9.1% | 10.7% | 12.5% | 12.7% | 9.9% |
| Net margin | 6.2% | 7.4% | 8.3% | 9.9% | 10.0% | 7.3% |
| Return on equity | 7.7% | 9.6% | 11.5% | 16.0% | 17.1% | 11.5% |
| Return on assets | 4.9% | 6.0% | 6.8% | 8.9% | 8.5% | 5.4% |
| Free cash flow yield | 23.3% | 17.2% | 23.0% | 18.2% | 14.6% | 21.2% |
| Revenue growth | -2.1% | -0.0% | -8.4% | 5.3% | 25.0% | -4.6% |
| Earnings growth | -17.4% | -11.0% | -23.4% | 4.3% | 70.9% | -6.6% |
| Current ratio | 1.26x | 1.26x | 1.22x | 1.29x | 1.16x | 1.06x |
| Debt to equity | 0.40x | 0.39x | 0.47x | 0.60x | 0.78x | 0.88x |
| Equity ratio | 63.5% | 62.4% | 59.5% | 55.7% | 49.8% | 47.1% |
| Interest coverage | 7.96x | 9.45x | 12.24x | 22.83x | 23.51x | 10.79x |
| 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 | -3.6% | 3.3% | 6.5% |
| Operating income | -24.7% | -6.7% | 4.5% |
| Net income | -17.4% | 0.1% | 8.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.8% | 25.8% | 25.4% | 23.4% |
| Operating margin | 7.5% | 9.6% | 10.2% | 10.1% |
| Net margin | 6.8% | 8.0% | 8.2% | 7.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.5 | 30.4 | 32.2 | 30.9 | 27.5 | 38.3 | 32.5 | 39.0 | 40.6 | 44.3 |
| Price to sales | 1.1 | 2.2 | 2.7 | 3.0 | 2.8 | 2.8 | 2.4 | 3.1 | 3.1 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 24 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.184 | 0.177 | 0.162 | 0.226 | 0.218 | 0.152 | 0.161 | 0.147 |
- 28-for-27 split · 24 Feb 2026
- 27-for-26 split · 27 Feb 2025
- 1.04-for-1 split · 23 Feb 2024
- 25-for-24 split · 24 Feb 2023
- 1.043-for-1 split · 25 Feb 2022
- 1.045-for-1 split · 24 Feb 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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