10.00
-0.99%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 728.2m
FY2016FY2025
Net income
THB 265.6m
FY2016FY2025
Free cash flow
THB 296.5m
FY2016FY2025
Shareholders' equity
THB 504.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 728.2m | THB 581.5m | THB 487.4m | THB 457.2m | THB 400.5m | THB 388.4m | THB 411.6m | THB 361.6m | THB 314.8m | THB 272.9m |
| Gross profit | THB 528.6m | THB 463.2m | THB 385.3m | THB 360.2m | THB 322.4m | THB 306.2m | THB 330.9m | THB 291.0m | THB 243.9m | THB 214.3m |
| Operating income | THB 329.4m | THB 271.0m | THB 220.8m | THB 211.7m | THB 187.1m | THB 157.2m | THB 170.5m | THB 148.9m | THB 122.7m | THB 95.1m |
| Net income | THB 265.6m | THB 215.9m | THB 180.3m | THB 169.7m | THB 165.6m | THB 156.4m | THB 179.1m | THB 148.8m | THB 115.8m | THB 89.3m |
| Diluted earnings per share | 1.33 | 1.08 | 0.90 | 0.85 | 0.84 | 0.78 | 0.90 | 0.74 | 0.58 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 721.3m | THB 770.4m | THB 725.4m | THB 684.0m | THB 639.6m | THB 609.4m | THB 647.2m | THB 610.7m | THB 533.1m | THB 468.8m |
| Cash and short-term investments | THB 407.0m | THB 455.9m | THB 373.4m | THB 357.2m | THB 412.5m | THB 338.6m | THB 311.3m | THB 363.8m | THB 385.9m | THB 301.2m |
| Total liabilities | THB 217.0m | THB 216.6m | THB 206.5m | THB 183.1m | THB 157.6m | THB 144.5m | THB 147.5m | THB 138.8m | THB 114.7m | THB 125.4m |
| Debt | THB 21.9m | THB 20.3m | THB 26.2m | THB 6.6m | THB 582,355 | THB 4.0m | THB 56.0m | THB 4.4m | THB 41.3m | THB 41.7m |
| Shareholders' equity | THB 504.2m | THB 553.8m | THB 518.9m | THB 501.0m | THB 482.0m | THB 464.9m | THB 499.7m | THB 471.9m | THB 418.4m | THB 343.4m |
| Shares outstanding | 200m | 200m | 200m | 200m | 197m | 200m | 200m | 200m | 200m | 200m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 297.7m | THB 221.3m | THB 196.9m | THB 150.0m | THB 204.5m | THB 166.0m | THB 177.7m | THB 153.9m | THB 104.7m | THB 104.7m |
| Capital spending | −THB 1.1m | −THB 100.4m | −THB 3.0m | −THB 15.8m | −THB 230,694 | −THB 2.4m | −THB 7.0m | −THB 33.2m | −THB 1.2m | −THB 4.9m |
| Free cash flow | THB 296.5m | THB 120.9m | THB 194.0m | THB 134.2m | THB 204.3m | THB 163.6m | THB 170.7m | THB 120.6m | THB 103.4m | THB 99.8m |
| Dividends paid | −THB 315.9m | −THB 179.7m | −THB 163.2m | −THB 158.9m | −THB 156.4m | −THB 194.8m | −THB 151.1m | −THB 95.2m | −THB 44.6m | −THB 57.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 145.7m | THB 137.4m | THB 167.1m | THB 174.6m | THB 205.9m | THB 180.5m | THB 170.9m | THB 137.5m |
| Gross profit | THB 91.7m | THB 86.2m | THB 115.3m | THB 122.0m | THB 147.7m | THB 146.8m | THB 139.3m | THB 105.5m |
| Operating income | THB 52.4m | THB 41.8m | THB 68.1m | THB 80.5m | THB 94.8m | THB 89.5m | THB 79.8m | THB 64.3m |
| Net income | THB 41.2m | THB 33.7m | THB 54.6m | THB 64.5m | THB 75.6m | THB 70.9m | THB 63.3m | THB 51.3m |
| Diluted earnings per share | 0.21 | 0.17 | 0.27 | 0.32 | 0.38 | 0.35 | 0.32 | 0.26 |
| Cash from operations | THB 29.0m | THB 26.0m | THB 85.0m | THB 71.0m | THB 68.0m | THB 71.0m | THB 122.0m | THB 56.0m |
| Capital spending | — | −THB 12.0m | — | −THB 7.0m | −THB 4.0m | −THB 2.0m | −THB 9.0m | −THB 3.0m |
| Free cash flow | — | THB 14.0m | — | THB 64.0m | THB 64.0m | THB 69.0m | THB 113.0m | THB 53.0m |
| Total assets | THB 576.0m | THB 730.2m | THB 721.3m | THB 650.6m | THB 705.7m | THB 844.9m | THB 770.4m | THB 679.6m |
| Cash and short-term investments | THB 233.1m | THB 418.4m | THB 407.0m | THB 330.2m | THB 348.3m | THB 522.3m | THB 455.9m | THB 342.6m |
| Debt | THB 9.1m | THB 8.2m | THB 8.2m | THB 8.1m | THB 8.0m | THB 15.8m | THB 5.1m | THB 6.4m |
| Shareholders' equity | THB 419.1m | THB 537.9m | THB 504.2m | THB 449.0m | THB 464.5m | THB 624.7m | THB 553.8m | THB 491.6m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 72.6% | 79.7% | 79.1% | 78.8% | 80.5% | 78.8% |
| Operating margin | 45.0% | 47.0% | 46.3% | 47.0% | 47.5% | 41.4% |
| Net margin | 36.5% | 37.1% | 37.0% | 37.1% | 41.3% | 40.3% |
| Return on equity | 52.7% | 39.0% | 34.7% | 33.9% | 34.4% | 33.7% |
| Return on assets | 36.8% | 28.0% | 24.9% | 24.8% | 25.9% | 25.7% |
| Free cash flow yield | 12.9% | 9.6% | 8.6% | 6.5% | 9.0% | 7.2% |
| Revenue growth | 25.2% | 19.3% | 6.6% | 14.2% | 3.1% | -5.6% |
| Earnings growth | 23.0% | 19.8% | 6.2% | 2.5% | 5.8% | -12.6% |
| Current ratio | 3.25x | 3.54x | 3.04x | 3.10x | 3.79x | 3.72x |
| Debt to equity | 0.02x | 0.02x | 0.01x | 0.01x | 0.00x | 0.01x |
| Equity ratio | 69.9% | 71.9% | 71.5% | 73.2% | 75.4% | 76.3% |
| Interest coverage | 187.32x | 180.49x | 418.04x | 612.37x | 1424.62x | 507.64x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -1.6% | 1.6% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.8% | 13.4% | 12.5% |
| Operating income | 15.9% | 15.9% | 17.0% |
| Net income | 16.1% | 11.2% | 15.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 75.7% | 77.1% | 77.7% | 78.2% |
| Operating margin | 45.8% | 45.8% | 45.3% | 42.8% |
| Net margin | 36.8% | 36.9% | 37.9% | 37.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.0 | 15.8 | 27.5 | 29.5 | 28.1 | 35.5 | 35.7 | 31.9 | 70.0 | 39.2 |
| Price to sales | 5.8 | 5.8 | 10.2 | 10.9 | 11.6 | 14.3 | 15.6 | 13.1 | 25.7 | 12.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.80 | 1.579 | 0.898 | 0.816 | 0.795 | 0.782 | 0.974 | 0.756 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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