17.10
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 14.75bn
FY2016FY2025
Net income
THB 2.80bn
FY2016FY2025
Free cash flow
THB 1.81bn
FY2016FY2025
Shareholders' equity
THB 21.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 14.75bn | THB 9.87bn | THB 9.63bn | THB 10.69bn | THB 12.66bn | THB 7.82bn | THB 4.56bn | THB 4.11bn | THB 3.81bn | THB 3.81bn |
| Gross profit | THB 3.69bn | THB 2.34bn | THB 2.17bn | THB 2.87bn | THB 4.47bn | THB 1.60bn | THB 1.41bn | THB 1.27bn | THB 1.15bn | THB 1.19bn |
| Operating income | THB 1.22bn | THB 1.31bn | THB 1.32bn | THB 1.91bn | THB 6.14bn | THB 678.5m | THB 1.54bn | THB 807.0m | THB 732.2m | THB 774.9m |
| Net income | THB 2.80bn | THB 727.8m | THB 1.55bn | THB 2.17bn | THB 4.17bn | THB 469.4m | THB 1.44bn | THB 1.90bn | THB 1.33bn | THB 1.14bn |
| Diluted earnings per share | 2.33 | 0.61 | 1.29 | 1.81 | 3.48 | 0.39 | 1.20 | 1.58 | 1.11 | 0.95 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 63.75bn | THB 41.29bn | THB 41.26bn | THB 41.62bn | THB 35.43bn | THB 27.26bn | THB 18.47bn | THB 15.23bn | THB 16.48bn | THB 14.53bn |
| Cash and short-term investments | THB 2.72bn | THB 1.09bn | THB 1.30bn | THB 1.37bn | THB 1.13bn | THB 616.0m | THB 1.01bn | THB 889.9m | THB 351.5m | THB 157.9m |
| Total liabilities | THB 23.96bn | THB 14.35bn | THB 14.04bn | THB 13.64bn | THB 12.12bn | THB 11.00bn | THB 5.32bn | THB 2.16bn | THB 4.80bn | THB 4.43bn |
| Debt | THB 18.10bn | THB 11.41bn | THB 10.96bn | THB 10.51bn | THB 9.17bn | THB 9.30bn | THB 4.23bn | THB 1.12bn | THB 2.71bn | THB 2.95bn |
| Shareholders' equity | THB 21.80bn | THB 18.41bn | THB 18.54bn | THB 19.39bn | THB 17.18bn | THB 12.09bn | THB 12.62bn | THB 12.09bn | THB 11.12bn | THB 9.62bn |
| Shares outstanding | 1,200m | 1,200m | 1,200m | 1,200m | 1,200m | 1,200m | 1,200m | 1,200m | 1,200m | 1,200m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 3.31bn | THB 1.65bn | THB 2.44bn | THB 2.40bn | THB 3.20bn | THB 894.6m | THB 576.2m | THB 872.9m | THB 842.5m | THB 868.5m |
| Capital spending | −THB 1.49bn | −THB 1.70bn | −THB 2.71bn | −THB 1.80bn | −THB 849.8m | −THB 922.4m | −THB 202.4m | −THB 672.9m | −THB 297.7m | −THB 881.3m |
| Free cash flow | THB 1.81bn | −THB 49.5m | −THB 275.0m | THB 603.0m | THB 2.35bn | −THB 27.8m | THB 373.7m | THB 200.0m | THB 544.8m | −THB 12.8m |
| Dividends paid | −THB 170.0m | −THB 1.00bn | −THB 1.43bn | −THB 1.36bn | −THB 969.2m | −THB 965.0m | −THB 1.49bn | −THB 192.0m | −THB 192.0m | −THB 168.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 5.41bn | THB 5.38bn | THB 5.33bn | THB 4.40bn | THB 2.54bn | THB 2.68bn | THB 2.46bn | THB 2.67bn |
| Gross profit | THB 1.18bn | THB 1.23bn | THB 1.43bn | THB 1.21bn | THB 616.3m | THB 621.6m | THB 588.1m | THB 674.5m |
| Operating income | THB 243.4m | THB 467.0m | THB 461.9m | THB 555.1m | THB 378.0m | THB 465.3m | THB 228.8m | THB 489.2m |
| Net income | THB 344.6m | THB 245.2m | THB 1.91bn | THB 272.8m | THB 268.0m | THB 344.3m | −THB 235.0m | THB 337.5m |
| Diluted earnings per share | 0.29 | 0.20 | 1.59 | 0.23 | 0.22 | 0.29 | -0.20 | 0.28 |
| Cash from operations | THB 529.0m | THB 770.0m | THB 989.0m | THB 967.0m | THB 401.0m | THB 546.0m | THB 512.0m | THB 598.0m |
| Capital spending | −THB 503.0m | −THB 487.0m | −THB 439.0m | −THB 334.0m | −THB 368.0m | −THB 359.0m | −THB 432.0m | −THB 486.0m |
| Free cash flow | THB 26.0m | THB 283.0m | THB 550.0m | THB 633.0m | THB 33.0m | THB 187.0m | THB 80.0m | THB 112.0m |
| Total assets | THB 63.91bn | THB 63.83bn | THB 63.75bn | THB 58.43bn | THB 39.42bn | THB 40.51bn | THB 41.29bn | THB 42.33bn |
| Cash and short-term investments | — | THB 2.57bn | THB 2.72bn | THB 2.25bn | THB 915.4m | THB 848.4m | THB 1.09bn | THB 1.08bn |
| Debt | THB 12.04bn | THB 17.78bn | THB 18.19bn | THB 17.52bn | THB 10.12bn | THB 10.77bn | THB 11.35bn | THB 12.04bn |
| Shareholders' equity | THB 22.93bn | THB 22.20bn | THB 21.80bn | THB 19.57bn | THB 18.24bn | THB 18.41bn | THB 18.41bn | THB 18.91bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.0% | 23.7% | 22.6% | 26.9% | 35.3% | 20.4% |
| Operating margin | 8.3% | 13.3% | 13.7% | 17.8% | 48.5% | 8.7% |
| Net margin | 19.0% | 7.4% | 16.1% | 20.3% | 32.9% | 6.0% |
| Return on equity | 12.8% | 4.0% | 8.4% | 11.2% | 24.3% | 3.9% |
| Return on assets | 4.4% | 1.8% | 3.8% | 5.2% | 11.8% | 1.7% |
| Free cash flow yield | 23.0% | 16.0% | 24.7% | 20.1% | 19.4% | 8.7% |
| Revenue growth | 49.5% | 2.4% | -9.8% | -15.6% | 61.9% | 71.4% |
| Earnings growth | 284.4% | -53.1% | -28.6% | -47.9% | 788.6% | -67.4% |
| Current ratio | 0.45x | 0.35x | 0.34x | 0.46x | 0.53x | 0.40x |
| Debt to equity | 0.83x | 0.62x | 0.59x | 0.54x | 0.53x | 0.77x |
| Equity ratio | 34.2% | 44.6% | 44.9% | 46.6% | 48.5% | 44.3% |
| Interest coverage | 2.58x | 3.06x | 3.97x | 7.83x | 25.64x | 3.22x |
| 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 | 11.3% | 13.5% | 15.8% |
| Operating income | -13.7% | 12.5% | 6.2% |
| Net income | 8.8% | 42.9% | 10.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.5% | 24.6% | 26.2% | 27.2% |
| Operating margin | 10.3% | 12.8% | 19.2% | 20.1% |
| Net margin | 14.3% | 16.1% | 18.2% | 22.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.9 | 37.3 | 27.9 | 29.7 | 11.4 | 71.3 | 25.3 | 16.8 | 26.9 | 36.9 |
| Price to sales | 1.5 | 2.8 | 4.5 | 6.0 | 3.8 | 4.3 | 8.0 | 7.8 | 9.4 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 25 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.05 | 0.75 | 1.10 | 0.90 | 0.72 | 0.72 | 0.96 |
- 5-for-1 split · 9 Nov 2021
- 20-for-1 split · 17 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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