10.20
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 2.12bn
FY2018FY2025
Net income
THB 403.7m
FY2018FY2025
Free cash flow
THB 452.4m
FY2018FY2025
Shareholders' equity
THB 1.50bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.12bn | THB 2.17bn | THB 1.92bn | THB 1.71bn | THB 1.44bn | THB 1.00bn | THB 614.3m | THB 314.5m |
| Gross profit | THB 667.9m | THB 684.3m | THB 589.9m | THB 511.6m | THB 409.4m | THB 273.0m | THB 163.2m | THB 121.6m |
| Operating income | THB 478.2m | THB 557.7m | THB 485.8m | THB 410.7m | THB 343.7m | THB 206.2m | THB 103.0m | THB 78.0m |
| Net income | THB 403.7m | THB 440.1m | THB 386.4m | THB 330.4m | THB 274.9m | THB 164.9m | THB 82.4m | THB 62.5m |
| Diluted earnings per share | 1.35 | 1.47 | 1.29 | 4.41 | 0.92 | 2.20 | 1.10 | 0.83 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.98bn | THB 1.75bn | THB 1.46bn | THB 560.7m | THB 677.6m | THB 448.1m | THB 323.5m | THB 206.6m |
| Cash and short-term investments | THB 1.55bn | THB 1.61bn | THB 1.35bn | THB 482.0m | THB 612.7m | THB 396.8m | THB 279.9m | THB 179.4m |
| Total liabilities | THB 407.2m | THB 319.8m | THB 273.9m | THB 376.9m | THB 210.4m | THB 156.7m | THB 97.4m | THB 61.6m |
| Debt | THB 4.2m | THB 2.5m | THB 2.9m | THB 2.7m | THB 1.9m | THB 3.5m | THB 4.3m | THB 565,064 |
| Shareholders' equity | THB 1.50bn | THB 1.42bn | THB 1.18bn | THB 182.8m | THB 466.6m | THB 291.4m | THB 225.9m | THB 144.4m |
| Shares outstanding | 300m | 300m | 300m | 75m | 300m | 75m | 75m | 75m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 453.0m | THB 448.8m | THB 377.7m | THB 355.8m | THB 320.1m | THB 220.1m | THB 102.1m | THB 84.3m |
| Capital spending | −THB 595,252 | −THB 13.0m | −THB 7.3m | −THB 1.8m | −THB 2.2m | −THB 1.5m | −THB 1.4m | −THB 750,748 |
| Free cash flow | THB 452.4m | THB 435.8m | THB 370.5m | THB 354.0m | THB 317.9m | THB 218.6m | THB 100.7m | THB 83.6m |
| Dividends paid | −THB 330.0m | −THB 195.0m | −THB 145.4m | −THB 625.3m | −THB 100.0m | −THB 100.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 505.9m | THB 527.1m | THB 500.9m | THB 528.6m | THB 532.3m | THB 559.9m | THB 564.1m | THB 542.9m |
| Gross profit | THB 161.2m | THB 173.2m | THB 149.9m | THB 179.2m | THB 165.7m | THB 173.1m | THB 176.7m | THB 172.5m |
| Operating income | THB 109.8m | THB 129.7m | THB 96.7m | THB 129.8m | THB 130.2m | THB 144.3m | THB 146.1m | THB 133.2m |
| Net income | THB 89.3m | THB 102.1m | THB 87.4m | THB 101.8m | THB 101.1m | THB 113.4m | THB 114.5m | THB 104.8m |
| Diluted earnings per share | 0.30 | 0.34 | 0.29 | 0.34 | 0.34 | 0.38 | 0.38 | 0.35 |
| Cash from operations | — | THB 110.0m | THB 143.0m | THB 76.0m | THB 80.0m | THB 138.0m | THB 143.0m | THB 76.0m |
| Capital spending | — | −THB 2.0m | — | — | −THB 3.0m | — | — | −THB 3.0m |
| Free cash flow | — | THB 108.0m | — | — | THB 77.0m | — | — | THB 73.0m |
| Total assets | THB 1.80bn | THB 2.10bn | THB 1.98bn | THB 1.80bn | THB 1.71bn | THB 1.89bn | THB 1.75bn | THB 1.59bn |
| Cash and short-term investments | THB 1.37bn | THB 1.66bn | THB 1.55bn | THB 1.41bn | THB 1.35bn | THB 1.75bn | THB 1.61bn | THB 1.45bn |
| Debt | THB 4.3m | THB 4.2m | THB 8.4m | THB 3.1m | THB 6.2m | THB 986,804 | THB 1.2m | THB 2.0m |
| Shareholders' equity | THB 1.36bn | THB 1.60bn | THB 1.50bn | THB 1.41bn | THB 1.31bn | THB 1.54bn | THB 1.42bn | THB 1.31bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.5% | 31.5% | 30.8% | 29.9% | 28.3% | 27.3% |
| Operating margin | 22.5% | 25.7% | 25.4% | 24.1% | 23.7% | 20.6% |
| Net margin | 19.0% | 20.3% | 20.2% | 19.3% | 19.0% | 16.5% |
| Return on equity | 27.0% | 30.9% | 32.7% | 180.7% | 58.9% | 56.6% |
| Return on assets | 20.3% | 25.2% | 26.5% | 58.9% | 40.6% | 36.8% |
| Free cash flow yield | 14.1% | 14.4% | 12.0% | 44.6% | 10.0% | — |
| Revenue growth | -2.2% | 13.2% | 11.9% | 18.5% | 44.3% | 62.9% |
| Earnings growth | -8.3% | 13.9% | 16.9% | 20.2% | 66.7% | 100.1% |
| Current ratio | 4.84x | 5.85x | 5.40x | 1.48x | 3.22x | 2.85x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.01x |
| Equity ratio | 75.5% | 81.4% | 81.1% | 32.6% | 68.9% | 65.0% |
| Interest coverage | 2346.70x | 7582.86x | 4673.16x | 36.30x | 8188.62x | 2664.50x |
| Buybacks as a share of market value | 0.0% | 0.0% | -300.0% | 75.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.4% | 16.2% | — |
| Operating income | 5.2% | 18.3% | — |
| Net income | 6.9% | 19.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.5% | 31.0% | 30.3% | — |
| Operating margin | 24.1% | 24.4% | 23.9% | — |
| Net margin | 19.7% | 19.7% | 19.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 12.3 | 17.6 | 25.4 |
| Price to sales | 2.3 | 3.6 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 28 Apr 2025.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 1.10 | 0.65 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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