3.60
+0.56%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.59bn
FY2016FY2025
Net income
THB 196.6m
FY2016FY2025
Free cash flow
THB 381.8m
FY2016FY2025
Shareholders' equity
THB 1.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.59bn | THB 2.40bn | THB 2.23bn | THB 2.42bn | THB 2.50bn | THB 1.80bn | THB 1.58bn | THB 1.53bn | THB 1.43bn | THB 1.33bn |
| Gross profit | THB 738.5m | THB 512.2m | THB 473.7m | THB 709.6m | THB 891.7m | THB 441.3m | THB 357.2m | THB 368.7m | THB 360.4m | THB 346.0m |
| Operating income | THB 238.4m | THB 139.1m | THB 116.4m | THB 380.6m | THB 585.2m | THB 172.1m | THB 125.5m | THB 146.8m | THB 153.1m | THB 159.7m |
| Net income | THB 196.6m | THB 78.2m | THB 63.6m | THB 322.9m | THB 464.5m | THB 142.9m | THB 110.5m | THB 157.0m | THB 193.8m | THB 155.9m |
| Diluted earnings per share | 0.27 | 0.11 | 0.09 | 0.45 | 0.65 | 0.20 | 0.15 | 0.22 | 0.26 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.94bn | THB 3.04bn | THB 3.04bn | THB 3.02bn | THB 2.60bn | THB 2.23bn | THB 1.92bn | THB 1.82bn | THB 2.09bn | THB 1.96bn |
| Cash and short-term investments | THB 238.4m | THB 175.0m | THB 174.1m | THB 347.2m | THB 146.6m | THB 159.7m | THB 67.9m | THB 108.5m | THB 455.6m | THB 531.0m |
| Total liabilities | THB 800.8m | THB 968.2m | THB 921.9m | THB 841.9m | THB 889.3m | THB 781.4m | THB 548.3m | THB 422.3m | THB 508.9m | THB 351.3m |
| Debt | THB 369.2m | THB 553.1m | THB 522.6m | THB 424.1m | THB 444.2m | THB 432.0m | THB 261.7m | THB 173.8m | THB 208.6m | THB 108.1m |
| Shareholders' equity | THB 1.96bn | THB 1.91bn | THB 1.96bn | THB 2.01bn | THB 1.70bn | THB 1.44bn | THB 1.37bn | THB 1.39bn | THB 1.58bn | THB 1.61bn |
| Shares outstanding | 720m | 720m | 720m | 720m | 720m | 720m | 720m | 720m | 750m | 750m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 513.2m | THB 402.8m | THB 319.1m | THB 524.2m | THB 391.4m | THB 289.9m | THB 210.6m | THB 161.5m | THB 251.5m | THB 190.6m |
| Capital spending | −THB 131.4m | −THB 151.9m | −THB 355.1m | −THB 259.3m | −THB 125.3m | −THB 136.7m | −THB 169.6m | −THB 167.3m | −THB 281.9m | −THB 195.3m |
| Free cash flow | THB 381.8m | THB 250.9m | −THB 36.0m | THB 264.8m | THB 266.1m | THB 153.2m | THB 41.1m | −THB 5.7m | −THB 30.5m | −THB 4.7m |
| Dividends paid | −THB 129.6m | −THB 122.4m | −THB 115.2m | −THB 180.0m | −THB 216.0m | −THB 72.0m | −THB 126.0m | −THB 146.0m | −THB 225.0m | −THB 112.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 635.3m | THB 616.8m | THB 634.5m | THB 661.9m | THB 667.8m | THB 621.0m | THB 623.4m | THB 656.1m |
| Gross profit | THB 178.2m | THB 170.7m | THB 172.2m | THB 193.0m | THB 201.5m | THB 156.9m | THB 132.3m | THB 150.3m |
| Operating income | — | THB 44.9m | THB 50.5m | THB 77.0m | THB 83.6m | THB 50.5m | THB 17.1m | THB 52.2m |
| Net income | THB 46.1m | THB 39.1m | THB 45.9m | THB 59.8m | THB 56.6m | THB 34.2m | THB 15.7m | THB 40.3m |
| Diluted earnings per share | 0.06 | 0.05 | 0.06 | 0.08 | 0.08 | 0.05 | 0.02 | 0.06 |
| Cash from operations | THB 125.0m | THB 42.0m | THB 112.0m | THB 165.0m | THB 145.0m | THB 104.0m | THB 66.0m | THB 149.0m |
| Capital spending | −THB 25.0m | −THB 11.0m | −THB 27.0m | −THB 42.0m | −THB 28.0m | −THB 34.0m | −THB 34.0m | −THB 26.0m |
| Free cash flow | THB 100.0m | THB 31.0m | THB 85.0m | THB 123.0m | THB 117.0m | THB 70.0m | THB 32.0m | THB 123.0m |
| Total assets | THB 2.93bn | THB 2.93bn | THB 2.94bn | THB 2.97bn | THB 3.09bn | THB 2.98bn | THB 3.04bn | THB 3.10bn |
| Cash and short-term investments | — | THB 221.5m | THB 238.4m | THB 239.6m | THB 279.1m | THB 199.1m | THB 175.0m | THB 223.2m |
| Debt | THB 44.7m | THB 184.8m | THB 225.2m | THB 235.2m | THB 357.2m | THB 311.6m | THB 341.6m | THB 366.0m |
| Shareholders' equity | THB 1.96bn | THB 1.99bn | THB 1.96bn | THB 1.97bn | THB 1.93bn | THB 1.95bn | THB 1.91bn | THB 1.93bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.6% | 21.3% | 21.2% | 29.4% | 35.7% | 24.5% |
| Operating margin | 9.2% | 4.9% | 4.6% | 15.7% | 23.4% | 9.6% |
| Net margin | 7.6% | 3.3% | 2.8% | 13.4% | 18.6% | 7.9% |
| Return on equity | 10.0% | 4.1% | 3.2% | 16.1% | 27.4% | 9.9% |
| Return on assets | 6.7% | 2.6% | 2.1% | 10.7% | 17.9% | 6.4% |
| Free cash flow yield | 25.0% | 21.5% | 26.2% | 30.4% | 20.0% | 16.6% |
| Revenue growth | 7.8% | 7.4% | -7.6% | -3.4% | 38.8% | 13.9% |
| Earnings growth | 151.5% | 23.0% | -80.3% | -30.5% | 225.1% | 29.3% |
| Current ratio | 1.54x | 1.43x | 1.45x | 2.10x | 1.60x | 1.36x |
| Debt to equity | 0.10x | 0.18x | 0.20x | 0.11x | 0.17x | 0.19x |
| Equity ratio | 66.6% | 63.0% | 64.5% | 66.6% | 65.4% | 64.8% |
| Interest coverage | 12.70x | 5.47x | 7.65x | 29.18x | 38.09x | 13.13x |
| 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 | 2.3% | 7.5% | 7.6% |
| Operating income | -14.4% | 6.7% | 6.6% |
| Net income | -15.2% | 6.6% | 6.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.1% | 25.3% | 27.0% | 26.2% |
| Operating margin | 7.6% | 9.1% | 11.7% | 11.1% |
| Net margin | 5.5% | 6.9% | 9.1% | 9.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.6 | 39.6 | 56.6 | 12.6 | 9.1 | 23.1 | 31.4 | 25.9 | 28.4 | 46.4 |
| Price to sales | 1.0 | 1.3 | 1.6 | 1.7 | 1.7 | 1.8 | 2.2 | 2.7 | 3.9 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 27 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.18 | 0.17 | 0.16 | 0.25 | 0.30 | 0.10 | 0.175 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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