1.90
-1.04%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.17bn
FY2016FY2025
Net income
THB 102.9m
FY2016FY2025
Free cash flow
THB 286.1m
FY2016FY2025
Shareholders' equity
THB 2.13bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.17bn | THB 2.48bn | THB 2.53bn | THB 2.40bn | THB 2.38bn | THB 2.92bn | THB 3.11bn | THB 3.30bn | THB 3.08bn | THB 3.24bn |
| Gross profit | THB 688.8m | THB 824.5m | THB 797.8m | THB 718.8m | THB 798.6m | THB 878.8m | THB 1.01bn | THB 993.1m | THB 1.03bn | THB 1.05bn |
| Operating income | THB 66.2m | THB 122.1m | THB 91.9m | THB 62.3m | THB 111.4m | THB 187.4m | THB 209.2m | THB 222.2m | THB 283.7m | THB 214.6m |
| Net income | THB 102.9m | THB 134.9m | THB 60.0m | THB 39.0m | THB 88.1m | THB 141.6m | THB 125.7m | THB 137.2m | THB 215.6m | THB 172.9m |
| Diluted earnings per share | 0.15 | 0.19 | 0.08 | 0.05 | 0.12 | 0.19 | 0.17 | 0.18 | 0.29 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.06bn | THB 3.15bn | THB 3.28bn | THB 3.35bn | THB 3.42bn | THB 3.34bn | THB 3.62bn | THB 3.78bn | THB 3.89bn | THB 3.66bn |
| Cash and short-term investments | THB 717.9m | THB 620.3m | THB 585.5m | THB 396.5m | THB 731.5m | THB 706.5m | THB 489.6m | THB 351.9m | THB 464.1m | THB 438.4m |
| Total liabilities | THB 922.7m | THB 993.4m | THB 967.9m | THB 1.07bn | THB 1.09bn | THB 1.02bn | THB 1.29bn | THB 1.39bn | THB 1.33bn | THB 1.21bn |
| Debt | THB 257.3m | THB 294.6m | THB 230.3m | THB 285.2m | THB 265.2m | THB 255.2m | THB 193.9m | THB 346.7m | THB 167.4m | THB 152.6m |
| Shareholders' equity | THB 2.13bn | THB 2.15bn | THB 2.30bn | THB 2.28bn | THB 2.32bn | THB 2.32bn | THB 2.32bn | THB 2.37bn | THB 2.54bn | THB 2.43bn |
| Shares outstanding | 675m | 709m | 750m | 750m | 742m | 756m | 750m | 750m | 750m | 750m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 313.1m | THB 269.7m | THB 313.8m | −THB 38.3m | THB 191.1m | THB 348.7m | THB 521.3m | THB 9.5m | THB 261.3m | THB 158.7m |
| Capital spending | −THB 27.0m | −THB 22.4m | −THB 29.7m | −THB 72.7m | −THB 27.5m | −THB 15.2m | −THB 18.3m | −THB 77.8m | −THB 43.5m | −THB 267.6m |
| Free cash flow | THB 286.1m | THB 247.3m | THB 284.1m | −THB 111.0m | THB 163.5m | THB 333.5m | THB 503.0m | −THB 68.2m | THB 217.8m | −THB 108.8m |
| Dividends paid | −THB 121.4m | −THB 67.5m | −THB 45.0m | −THB 52.5m | −THB 150.0m | −THB 127.5m | −THB 112.5m | −THB 225.0m | −THB 187.5m | −THB 262.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 534.5m | THB 448.0m | THB 635.1m | THB 527.4m | THB 547.2m | THB 458.4m | THB 737.4m | THB 663.8m |
| Gross profit | THB 185.3m | THB 153.9m | THB 209.5m | THB 168.7m | THB 180.6m | THB 157.1m | THB 230.6m | THB 239.3m |
| Operating income | — | −THB 9.2m | THB 29.7m | THB 25.6m | THB 20.0m | THB 7.4m | THB 46.2m | THB 67.1m |
| Net income | THB 18.9m | −THB 17.1m | THB 70.5m | THB 16.4m | THB 9.3m | THB 6.6m | THB 62.4m | THB 61.6m |
| Diluted earnings per share | 0.03 | -0.02 | 0.10 | 0.02 | 0.01 | 0.01 | 0.09 | 0.09 |
| Cash from operations | −THB 37.0m | THB 65.0m | THB 51.0m | THB 173.0m | THB 1.0m | THB 70.0m | THB 39.0m | THB 117.0m |
| Capital spending | −THB 5.0m | −THB 10.0m | −THB 7.0m | −THB 4.0m | −THB 5.0m | −THB 11.0m | −THB 4.0m | −THB 7.0m |
| Free cash flow | −THB 42.0m | THB 55.0m | THB 44.0m | THB 169.0m | −THB 4.0m | THB 59.0m | THB 35.0m | THB 110.0m |
| Total assets | THB 3.11bn | THB 3.14bn | THB 3.06bn | THB 3.08bn | THB 3.06bn | THB 3.11bn | THB 3.15bn | THB 3.17bn |
| Cash and short-term investments | — | — | THB 717.9m | THB 727.3m | THB 575.3m | THB 699.0m | THB 620.3m | THB 636.1m |
| Debt | — | — | THB 228.0m | THB 245.9m | THB 263.6m | THB 260.8m | THB 254.7m | THB 225.4m |
| Shareholders' equity | THB 2.02bn | THB 2.11bn | THB 2.13bn | THB 2.06bn | THB 2.03bn | THB 2.15bn | THB 2.15bn | THB 2.17bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.8% | 33.2% | 31.6% | 30.0% | 33.6% | 30.1% |
| Operating margin | 3.1% | 6.4% | 3.5% | 2.7% | 6.2% | 6.6% |
| Net margin | 4.7% | 5.4% | 2.4% | 1.6% | 3.7% | 4.8% |
| Return on equity | 4.8% | 6.3% | 2.6% | 1.7% | 3.8% | 6.1% |
| Return on assets | 3.4% | 4.3% | 1.8% | 1.2% | 2.6% | 4.2% |
| Free cash flow yield | 25.8% | 21.1% | 23.5% | 2.3% | 15.1% | 24.7% |
| Revenue growth | -12.6% | -1.7% | 5.4% | 0.8% | -18.7% | -5.9% |
| Earnings growth | -23.8% | 124.8% | 53.7% | -55.7% | -37.8% | 12.6% |
| Current ratio | 2.79x | 2.64x | 2.80x | 2.52x | 2.59x | 2.86x |
| Debt to equity | 0.11x | 0.12x | 0.09x | 0.11x | 0.10x | 0.09x |
| Equity ratio | 69.5% | 68.2% | 70.2% | 67.9% | 67.8% | 69.3% |
| Interest coverage | 5.12x | 12.85x | 6.69x | 4.83x | 10.71x | 14.90x |
| Buybacks as a share of market value | 4.8% | 5.5% | 0.0% | -1.1% | 1.8% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.3% | -5.8% | -5.5% |
| Operating income | 2.0% | -18.8% | -22.5% |
| Net income | 38.1% | -6.2% | -17.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.5% | 31.7% | 31.7% | 32.2% |
| Operating margin | 4.0% | 3.6% | 4.3% | 7.7% |
| Net margin | 5.1% | 3.5% | 3.8% | 6.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.4 | 11.3 | 31.2 | 64.9 | 32.0 | 16.0 | 15.3 | 20.4 | 19.8 | 25.6 |
| Price to sales | 0.7 | 0.6 | 0.7 | 1.1 | 1.2 | 0.8 | 0.6 | 0.8 | 1.4 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 8 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.18 | 0.09 | 0.06 | 0.07 | 0.20 | 0.17 | 0.15 | 0.30 |
- 10-for-1 split · 13 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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