1.39
+2.21%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 7.57bn
FY2016FY2025
Net income
THB 1.73bn
FY2016FY2025
Free cash flow
THB 4.73bn
FY2016FY2025
Shareholders' equity
THB 30.24bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 7.57bn | THB 8.44bn | THB 8.97bn | THB 9.23bn | THB 8.12bn | THB 9.14bn | THB 10.68bn | THB 16.08bn | THB 17.11bn | THB 19.13bn |
| Gross profit | THB 1.97bn | THB 2.62bn | THB 3.01bn | THB 3.13bn | THB 2.42bn | THB 2.82bn | THB 3.60bn | THB 5.75bn | THB 5.10bn | THB 5.77bn |
| Operating income | −THB 42.1m | THB 847.5m | THB 1.03bn | THB 2.93bn | THB 2.20bn | THB 2.78bn | THB 3.54bn | THB 2.92bn | THB 1.85bn | THB 2.27bn |
| Net income | THB 1.73bn | THB 2.15bn | THB 2.50bn | THB 2.40bn | THB 1.67bn | THB 2.12bn | THB 2.85bn | THB 3.80bn | THB 3.46bn | THB 3.08bn |
| Diluted earnings per share | 0.16 | 0.20 | 0.23 | 0.22 | 0.14 | 0.20 | 0.27 | 0.35 | 0.32 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 42.08bn | THB 44.82bn | THB 43.44bn | THB 43.63bn | THB 46.24bn | THB 47.67bn | THB 50.90bn | THB 54.15bn | THB 53.06bn | THB 53.01bn |
| Cash and short-term investments | THB 1.48bn | THB 1.46bn | THB 1.35bn | THB 1.53bn | THB 3.21bn | THB 2.51bn | THB 2.21bn | THB 3.82bn | THB 3.81bn | THB 2.89bn |
| Total liabilities | THB 11.84bn | THB 15.52bn | THB 15.07bn | THB 15.79bn | THB 19.25bn | THB 21.10bn | THB 24.04bn | THB 27.88bn | THB 28.26bn | THB 30.07bn |
| Debt | THB 9.03bn | THB 12.59bn | THB 11.73bn | THB 12.32bn | THB 16.14bn | THB 17.97bn | THB 20.59bn | THB 22.99bn | THB 23.49bn | THB 25.49bn |
| Shareholders' equity | THB 30.24bn | THB 29.30bn | THB 28.37bn | THB 27.83bn | THB 26.99bn | THB 26.57bn | THB 26.86bn | THB 26.27bn | THB 24.80bn | THB 22.94bn |
| Shares outstanding | 10,714m | 10,714m | 10,714m | 10,714m | 11,696m | 10,714m | 10,714m | 10,714m | 10,714m | 10,714m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 4.74bn | THB 628.5m | THB 1.14bn | THB 2.64bn | THB 3.04bn | THB 5.18bn | THB 2.15bn | THB 2.36bn | THB 4.17bn | THB 3.09bn |
| Capital spending | −THB 12.1m | −THB 16.8m | −THB 17.4m | −THB 114.8m | −THB 31.2m | −THB 77.8m | −THB 78.6m | −THB 263.0m | −THB 20.6m | −THB 33.9m |
| Free cash flow | THB 4.73bn | THB 611.7m | THB 1.12bn | THB 2.53bn | THB 3.01bn | THB 5.10bn | THB 2.07bn | THB 2.10bn | THB 4.15bn | THB 3.06bn |
| Dividends paid | −THB 1.07bn | −THB 1.39bn | −THB 1.61bn | −THB 1.18bn | −THB 1.18bn | −THB 1.82bn | −THB 2.25bn | −THB 2.25bn | −THB 1.61bn | −THB 1.71bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.68bn | THB 1.67bn | THB 2.19bn | THB 2.30bn | THB 1.71bn | THB 1.37bn | THB 1.98bn | THB 2.35bn |
| Gross profit | THB 394.9m | THB 432.7m | THB 617.4m | THB 580.2m | THB 429.8m | THB 360.8m | THB 553.0m | THB 717.0m |
| Operating income | −THB 32.8m | THB 32.2m | −THB 6.7m | THB 207.5m | THB 66.3m | THB 449.0m | THB 166.7m | THB 285.2m |
| Net income | THB 458.0m | THB 463.3m | THB 511.2m | THB 480.2m | THB 334.3m | THB 402.0m | THB 467.2m | THB 572.9m |
| Diluted earnings per share | 0.04 | 0.04 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 |
| Cash from operations | THB 1.58bn | THB 787.0m | THB 1.25bn | THB 1.42bn | THB 713.0m | THB 247.0m | THB 190.0m | THB 699.0m |
| Capital spending | −THB 3.0m | −THB 5.0m | −THB 2.0m | −THB 2.0m | −THB 1.0m | −THB 6.0m | −THB 11.0m | −THB 5.0m |
| Free cash flow | THB 1.58bn | THB 782.0m | THB 1.25bn | THB 1.41bn | THB 712.0m | THB 241.0m | THB 179.0m | THB 694.0m |
| Total assets | THB 41.91bn | THB 42.44bn | THB 42.08bn | THB 44.10bn | THB 43.78bn | THB 45.07bn | THB 44.82bn | THB 44.29bn |
| Cash and short-term investments | THB 2.80bn | THB 2.34bn | THB 1.48bn | THB 2.51bn | THB 1.30bn | THB 1.42bn | THB 1.46bn | THB 1.23bn |
| Debt | THB 3.72bn | THB 8.29bn | THB 8.24bn | THB 10.25bn | THB 10.59bn | THB 11.19bn | THB 11.36bn | THB 11.19bn |
| Shareholders' equity | THB 30.19bn | THB 30.49bn | THB 30.24bn | THB 29.96bn | THB 29.32bn | THB 29.79bn | THB 29.30bn | THB 28.90bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.0% | 31.1% | 33.5% | 33.9% | 29.8% | 30.9% |
| Operating margin | -0.6% | 10.0% | 11.5% | 31.7% | 27.1% | 30.4% |
| Net margin | 22.8% | 25.5% | 27.9% | 26.0% | 20.6% | 23.2% |
| Return on equity | 5.7% | 7.3% | 8.8% | 8.6% | 6.2% | 8.0% |
| Return on assets | 4.1% | 4.8% | 5.8% | 5.5% | 3.6% | 4.5% |
| Free cash flow yield | 32.6% | 4.4% | 7.9% | 18.9% | 19.3% | 36.1% |
| Revenue growth | -10.3% | -5.9% | -2.8% | 13.6% | -11.1% | -14.4% |
| Earnings growth | -19.6% | -14.1% | 4.5% | 43.5% | -21.4% | -25.6% |
| Current ratio | 5.79x | 3.06x | 2.49x | 3.83x | 2.06x | 2.91x |
| Debt to equity | 0.27x | 0.39x | 0.39x | 0.42x | 0.57x | 0.65x |
| Equity ratio | 71.9% | 65.4% | 65.3% | 63.8% | 58.4% | 55.7% |
| Interest coverage | -0.20x | 3.43x | 4.35x | 11.29x | 6.68x | 7.09x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 8.4% | -9.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.4% | -3.7% | -9.4% |
| Net income | -10.3% | -4.0% | -5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.7% | 31.4% | 31.0% | 31.5% |
| Operating margin | 5.0% | 13.9% | 18.9% | 17.1% |
| Net margin | 24.2% | 25.7% | 24.4% | 21.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.3 | 8.6 | 9.6 | 10.3 | 15.8 | 11.7 | 9.6 | 7.4 | 10.0 | 9.0 |
| Price to sales | 1.9 | 2.2 | 2.7 | 2.7 | 3.3 | 2.7 | 2.6 | 1.8 | 2.0 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 27 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.10 | 0.13 | 0.15 | 0.11 | 0.11 | 0.17 | 0.21 |
- 7-for-6 split · 23 Apr 2015
- 13-for-12 split · 9 May 2012
- 5-for-1 split · 16 Apr 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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