7.30
0.00%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.20bn
FY2016FY2025
Net income
THB 103.7m
FY2016FY2025
Free cash flow
THB 268.2m
FY2016FY2025
Shareholders' equity
THB 1.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.20bn | THB 1.42bn | THB 1.56bn | THB 1.79bn | THB 1.53bn | THB 1.70bn | THB 1.81bn | THB 1.55bn | THB 1.54bn | THB 1.38bn |
| Gross profit | THB 469.5m | THB 663.7m | THB 757.2m | THB 888.9m | THB 721.4m | THB 814.1m | THB 842.5m | THB 687.7m | THB 672.3m | THB 608.0m |
| Operating income | THB 107.3m | THB 171.7m | THB 257.3m | THB 400.2m | THB 289.1m | THB 343.7m | THB 327.1m | THB 238.7m | THB 224.7m | THB 198.5m |
| Net income | THB 103.7m | THB 140.7m | THB 203.2m | THB 314.4m | THB 225.2m | THB 266.8m | THB 262.2m | THB 191.2m | THB 184.7m | THB 157.3m |
| Diluted earnings per share | 0.59 | 0.81 | 1.17 | 1.80 | 1.29 | 1.53 | 1.50 | 1.10 | 1.06 | 0.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.29bn | THB 2.19bn | THB 2.13bn | THB 2.16bn | THB 2.10bn | THB 2.08bn | THB 1.49bn | THB 1.24bn | THB 1.21bn | THB 1.04bn |
| Cash and short-term investments | THB 1.07bn | THB 901.4m | THB 858.7m | THB 882.0m | THB 929.8m | THB 651.8m | THB 535.2m | THB 409.8m | THB 316.2m | THB 203.4m |
| Total liabilities | THB 549.4m | THB 512.7m | THB 521.8m | THB 648.3m | THB 766.0m | THB 867.5m | THB 428.7m | THB 310.9m | THB 345.0m | THB 269.3m |
| Debt | THB 240.3m | THB 240.5m | THB 237.0m | THB 311.7m | THB 349.6m | THB 409.8m | THB 140.7m | THB 23.7m | THB 23.2m | THB 35.9m |
| Shareholders' equity | THB 1.74bn | THB 1.67bn | THB 1.61bn | THB 1.51bn | THB 1.33bn | THB 1.21bn | THB 1.06bn | THB 929.9m | THB 860.7m | THB 775.3m |
| Shares outstanding | 174m | 174m | 174m | 174m | 174m | 174m | 174m | 174m | 174m | 174m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 278.6m | THB 205.2m | THB 231.6m | THB 254.6m | THB 398.9m | THB 341.8m | THB 336.8m | THB 260.7m | THB 235.6m | THB 128.4m |
| Capital spending | −THB 10.3m | −THB 18.6m | −THB 37.2m | −THB 13.7m | −THB 3.8m | −THB 12.6m | −THB 17.0m | −THB 22.8m | −THB 10.4m | −THB 15.4m |
| Free cash flow | THB 268.2m | THB 186.5m | THB 194.4m | THB 240.9m | THB 395.1m | THB 329.2m | THB 319.8m | THB 238.0m | THB 225.1m | THB 113.1m |
| Dividends paid | −THB 41.8m | −THB 76.7m | −THB 104.6m | −THB 130.7m | −THB 102.8m | −THB 116.8m | −THB 132.4m | −THB 122.0m | −THB 99.3m | −THB 87.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 280.0m | THB 293.0m | THB 370.7m | THB 266.4m | THB 272.5m | THB 290.5m | THB 389.1m | THB 329.0m |
| Gross profit | THB 108.6m | THB 119.4m | THB 146.8m | THB 129.2m | THB 133.5m | THB 142.8m | THB 176.3m | THB 150.5m |
| Operating income | THB 24.5m | THB 35.6m | THB 50.6m | THB 21.9m | THB 23.0m | THB 33.8m | THB 39.3m | THB 31.3m |
| Net income | THB 20.7m | THB 34.8m | THB 43.1m | THB 16.6m | THB 17.8m | THB 26.1m | THB 37.3m | THB 24.0m |
| Diluted earnings per share | 0.12 | 0.20 | 0.25 | 0.10 | 0.10 | 0.15 | 0.21 | 0.14 |
| Cash from operations | THB 20.0m | THB 83.0m | THB 119.0m | THB 52.0m | −THB 4.0m | THB 109.0m | THB 66.0m | THB 39.0m |
| Capital spending | −THB 1.0m | −THB 1.0m | — | −THB 2.0m | −THB 3.0m | −THB 3.0m | −THB 5.0m | — |
| Free cash flow | THB 19.0m | THB 82.0m | — | THB 50.0m | −THB 7.0m | THB 106.0m | THB 61.0m | — |
| Total assets | THB 2.23bn | THB 2.24bn | THB 2.29bn | THB 2.15bn | THB 2.12bn | THB 2.24bn | THB 2.19bn | THB 2.14bn |
| Cash and short-term investments | THB 1.16bn | THB 1.14bn | THB 1.07bn | THB 976.2m | THB 949.7m | THB 990.5m | THB 901.4m | THB 868.4m |
| Debt | THB 83.6m | THB 83.8m | THB 88.9m | THB 92.9m | THB 175.7m | THB 194.8m | THB 101.1m | THB 107.1m |
| Shareholders' equity | THB 1.77bn | THB 1.77bn | THB 1.74bn | THB 1.69bn | THB 1.69bn | THB 1.70bn | THB 1.67bn | THB 1.64bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.1% | 46.9% | 48.6% | 49.8% | 47.1% | 47.8% |
| Operating margin | 8.6% | 12.1% | 16.5% | 22.4% | 18.9% | 20.2% |
| Net margin | 8.6% | 9.9% | 13.0% | 17.6% | 14.7% | 15.7% |
| Return on equity | 6.0% | 8.4% | 12.6% | 20.8% | 16.9% | 22.1% |
| Return on assets | 4.5% | 6.4% | 9.5% | 14.6% | 10.7% | 12.8% |
| Free cash flow yield | 22.6% | 17.5% | 21.0% | 20.9% | 31.4% | 27.7% |
| Revenue growth | -15.2% | -9.2% | -12.7% | 16.6% | -10.2% | -5.7% |
| Earnings growth | -26.3% | -30.8% | -35.4% | 39.6% | -15.6% | 1.7% |
| Current ratio | 5.54x | 4.96x | 4.75x | 4.14x | 3.26x | 2.75x |
| Debt to equity | 0.05x | 0.12x | 0.06x | 0.06x | 0.07x | 0.08x |
| Equity ratio | 76.0% | 76.6% | 75.5% | 70.0% | 63.5% | 58.2% |
| Interest coverage | 28.27x | 43.16x | 54.38x | 85.35x | 66.29x | 61.83x |
| 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 | -12.4% | -6.8% | -2.1% |
| Operating income | -35.5% | -20.8% | -4.2% |
| Net income | -30.9% | -17.2% | -2.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.3% | 46.6% | 46.9% | 45.5% |
| Operating margin | 10.7% | 15.7% | 17.1% | 16.1% |
| Net margin | 9.3% | 12.8% | 13.6% | 12.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.7 | 14.5 | 15.3 | 15.1 | 18.4 | 14.4 | 12.4 | 13.3 | 23.0 | 19.7 |
| Price to sales | 1.0 | 1.4 | 2.0 | 2.7 | 2.7 | 2.3 | 1.8 | 1.6 | 2.8 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.24 | 0.44 | 0.60 | 0.75 | 0.59 | 0.67 | 0.76 | 0.70 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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