4.14
-0.48%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.93bn
FY2016FY2025
Net income
THB 462.3m
FY2016FY2025
Free cash flow
THB 166.3m
FY2016FY2025
Shareholders' equity
THB 9.61bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.93bn | THB 3.67bn | THB 4.77bn | THB 6.22bn | THB 6.57bn | THB 5.75bn | THB 4.62bn | THB 4.08bn | THB 3.59bn | THB 2.71bn |
| Gross profit | THB 1.05bn | THB 1.42bn | THB 1.84bn | THB 2.42bn | THB 2.56bn | THB 2.25bn | THB 1.81bn | THB 1.62bn | THB 1.43bn | THB 1.06bn |
| Operating income | THB 573.9m | THB 737.6m | THB 1.06bn | THB 1.60bn | THB 1.75bn | THB 1.69bn | THB 1.14bn | THB 978.5m | THB 870.0m | THB 642.0m |
| Net income | THB 462.3m | THB 588.0m | THB 834.3m | THB 1.27bn | THB 1.39bn | THB 1.33bn | THB 891.5m | THB 777.1m | THB 680.8m | THB 500.3m |
| Diluted earnings per share | 0.50 | 0.64 | 0.90 | 1.37 | 1.48 | 1.46 | 0.97 | 0.83 | 0.75 | 0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 17.66bn | THB 17.33bn | THB 16.29bn | THB 13.84bn | THB 13.21bn | THB 12.45bn | THB 11.50bn | THB 10.43bn | THB 9.89bn | THB 9.18bn |
| Cash and short-term investments | THB 43.7m | THB 53.6m | THB 98.9m | THB 39.5m | THB 55.8m | THB 40.7m | THB 23.0m | THB 109.9m | THB 49.7m | THB 45.0m |
| Total liabilities | THB 8.05bn | THB 7.90bn | THB 7.08bn | THB 4.90bn | THB 4.95bn | THB 4.98bn | THB 4.94bn | THB 4.43bn | THB 4.37bn | THB 4.22bn |
| Debt | THB 6.20bn | THB 5.97bn | THB 5.01bn | THB 2.95bn | THB 3.13bn | THB 3.37bn | THB 3.39bn | THB 3.26bn | THB 3.17bn | THB 3.20bn |
| Shareholders' equity | THB 9.61bn | THB 9.43bn | THB 9.21bn | THB 8.94bn | THB 8.26bn | THB 7.47bn | THB 6.56bn | THB 6.00bn | THB 5.52bn | THB 4.97bn |
| Shares outstanding | 925m | 925m | 925m | 925m | 936m | 913m | 915m | 937m | 911m | 814m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 193.5m | −THB 475.3m | −THB 1.72bn | −THB 62.9m | THB 1.14bn | THB 2.32bn | THB 57.3m | THB 1.37bn | THB 898.5m | THB 452.8m |
| Capital spending | −THB 27.2m | −THB 36.3m | −THB 59.7m | −THB 47.3m | −THB 41.3m | −THB 78.9m | −THB 113.5m | −THB 112.2m | −THB 44.1m | −THB 62.4m |
| Free cash flow | THB 166.3m | −THB 511.6m | −THB 1.78bn | −THB 110.1m | THB 1.09bn | THB 2.25bn | −THB 56.2m | THB 1.26bn | THB 854.3m | THB 390.4m |
| Dividends paid | −THB 291.4m | −THB 383.8m | −THB 559.6m | −THB 591.9m | −THB 605.8m | −THB 425.5m | −THB 323.4m | −THB 304.9m | −THB 135.9m | −THB 214.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 658.2m | THB 582.6m | THB 763.3m | THB 704.0m | THB 823.0m | THB 721.2m | THB 924.9m | THB 1.02bn |
| Gross profit | THB 250.9m | THB 204.0m | THB 272.7m | THB 269.9m | THB 318.2m | THB 276.7m | THB 356.1m | THB 394.6m |
| Operating income | THB 128.0m | THB 94.0m | THB 163.1m | THB 130.3m | THB 169.1m | THB 124.8m | THB 196.1m | THB 232.9m |
| Net income | THB 96.4m | THB 73.7m | THB 141.6m | THB 98.7m | THB 128.7m | THB 93.4m | THB 153.4m | THB 181.5m |
| Diluted earnings per share | 0.10 | 0.08 | 0.15 | 0.11 | 0.14 | 0.10 | 0.17 | 0.20 |
| Cash from operations | THB 159.0m | THB 45.0m | THB 186.0m | −THB 156.0m | THB 145.0m | THB 72.0m | THB 297.0m | THB 237.0m |
| Capital spending | −THB 1.0m | −THB 2.0m | −THB 9.0m | −THB 1.0m | −THB 9.0m | −THB 6.0m | −THB 2.0m | −THB 1.0m |
| Free cash flow | THB 158.0m | THB 43.0m | THB 177.0m | −THB 157.0m | THB 136.0m | THB 66.0m | THB 295.0m | THB 236.0m |
| Total assets | THB 17.59bn | THB 17.65bn | THB 17.66bn | THB 17.65bn | THB 17.40bn | THB 17.42bn | THB 17.33bn | THB 17.57bn |
| Cash and short-term investments | — | THB 73.9m | THB 43.7m | THB 32.9m | THB 61.0m | THB 91.1m | THB 53.6m | THB 118.1m |
| Debt | THB 2.97bn | THB 6.20bn | THB 6.20bn | THB 6.34bn | THB 6.03bn | THB 5.99bn | THB 5.97bn | THB 6.30bn |
| Shareholders' equity | THB 9.63bn | THB 9.69bn | THB 9.61bn | THB 9.46bn | THB 9.49bn | THB 9.52bn | THB 9.43bn | THB 9.27bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.8% | 38.6% | 38.6% | 39.0% | 39.0% | 39.1% |
| Operating margin | 19.6% | 20.8% | 22.2% | 25.5% | 26.4% | 29.3% |
| Net margin | 15.8% | 16.0% | 17.5% | 20.4% | 21.1% | 23.2% |
| Return on equity | 4.8% | 6.2% | 9.1% | 14.2% | 16.8% | 17.8% |
| Return on assets | 2.6% | 3.4% | 5.1% | 9.2% | 10.5% | 10.7% |
| Free cash flow yield | 5.7% | -11.3% | -42.7% | -0.4% | 30.0% | 62.6% |
| Revenue growth | -20.1% | -23.1% | -23.3% | -5.4% | 14.3% | 24.4% |
| Earnings growth | -21.4% | -29.5% | -34.4% | -8.5% | 4.2% | 49.5% |
| Current ratio | 3.24x | 3.07x | 3.45x | 3.70x | 4.04x | 3.71x |
| Debt to equity | 0.64x | 0.63x | 0.54x | 0.33x | 0.38x | 0.45x |
| Equity ratio | 54.4% | 54.4% | 56.5% | 64.6% | 62.5% | 60.0% |
| Interest coverage | 17.96x | 28.83x | 75.93x | 134.90x | 129.49x | 101.98x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 1.2% | -2.5% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.2% | -12.6% | 3.5% |
| Operating income | -29.0% | -19.4% | 2.5% |
| Net income | -28.6% | -19.1% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.3% | 38.2% | 38.6% | 38.9% |
| Operating margin | 19.9% | 22.6% | 24.8% | 24.4% |
| Net margin | 15.9% | 17.9% | 19.6% | 19.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.6 | 9.5 | 8.9 | 6.6 | 6.3 | 5.0 | 5.3 | 5.8 | 6.6 | 6.7 |
| Price to sales | 1.5 | 1.5 | 1.6 | 1.4 | 1.3 | 1.2 | 1.0 | 1.1 | 1.3 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 28 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.27 | 0.315 | 0.415 | 0.605 | 0.64 | 0.655 | 0.46 | 0.35 |
- 1.121-for-1 split · 14 Mar 2017
- 5-for-1 split · 7 Oct 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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