4.70
-1.67%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 4.30bn
FY2016FY2025
Net income
THB 431.5m
FY2016FY2025
Free cash flow
THB 353.7m
FY2016FY2025
Shareholders' equity
THB 4.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 4.30bn | THB 4.39bn | THB 4.42bn | THB 3.96bn | THB 3.38bn | THB 3.17bn | THB 2.86bn | THB 2.74bn | THB 2.92bn | THB 2.62bn |
| Gross profit | THB 1.40bn | THB 1.55bn | THB 1.66bn | THB 1.35bn | THB 1.26bn | THB 1.28bn | THB 1.09bn | THB 994.1m | THB 1.01bn | THB 850.3m |
| Research and development | — | — | — | — | — | — | — | — | THB 17.6m | THB 16.3m |
| Operating income | THB 522.9m | THB 597.3m | THB 818.9m | THB 590.3m | THB 602.5m | THB 666.7m | THB 468.9m | THB 416.7m | THB 516.5m | THB 452.1m |
| Net income | THB 431.5m | THB 512.8m | THB 649.0m | THB 482.3m | THB 420.1m | THB 519.0m | THB 352.8m | THB 323.8m | THB 313.9m | THB 312.2m |
| Diluted earnings per share | 0.22 | 0.26 | 0.32 | 0.24 | 0.21 | 0.28 | 0.18 | 0.22 | 0.16 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 5.84bn | THB 5.81bn | THB 5.75bn | THB 5.20bn | THB 5.01bn | THB 4.88bn | THB 4.41bn | THB 3.45bn | THB 3.15bn | THB 2.84bn |
| Cash and short-term investments | THB 691.3m | THB 838.2m | THB 921.0m | THB 667.5m | THB 1.18bn | THB 1.01bn | THB 1.24bn | THB 262.6m | THB 263.4m | THB 302.1m |
| Total liabilities | THB 902.2m | THB 843.4m | THB 913.9m | THB 807.7m | THB 769.0m | THB 794.6m | THB 542.4m | THB 1.36bn | THB 778.7m | THB 811.4m |
| Debt | THB 182.9m | THB 198.8m | THB 205.4m | THB 166.9m | THB 167.6m | THB 307.0m | THB 139.2m | THB 935.3m | THB 322.0m | THB 363.3m |
| Shareholders' equity | THB 4.77bn | THB 4.95bn | THB 4.82bn | THB 4.37bn | THB 4.22bn | THB 4.09bn | THB 3.87bn | THB 2.09bn | THB 2.37bn | THB 1.29bn |
| Shares outstanding | 1,951m | 2,000m | 2,000m | 2,000m | 2,036m | 1,876m | 2,000m | 1,480m | 1,951m | 1,951m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 805.3m | THB 815.1m | THB 874.3m | THB 309.4m | THB 535.5m | THB 609.7m | THB 485.6m | THB 337.1m | THB 322.3m | THB 460.9m |
| Capital spending | −THB 451.7m | −THB 479.3m | −THB 400.9m | −THB 396.3m | −THB 343.6m | −THB 425.9m | −THB 147.1m | −THB 325.8m | −THB 264.2m | −THB 321.0m |
| Free cash flow | THB 353.7m | THB 335.8m | THB 473.3m | −THB 86.9m | THB 191.9m | THB 183.8m | THB 338.5m | THB 11.3m | THB 58.1m | THB 140.0m |
| Dividends paid | −THB 352.6m | −THB 350.0m | −THB 206.2m | −THB 301.2m | −THB 300.0m | −THB 300.0m | −THB 246.0m | −THB 1.44bn | −THB 1.44bn | — |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.09bn | THB 1.10bn | THB 1.08bn | THB 1.06bn | THB 1.05bn | THB 1.12bn | THB 1.08bn | THB 1.03bn |
| Gross profit | THB 417.2m | THB 392.1m | THB 362.3m | THB 373.8m | THB 370.6m | THB 385.7m | THB 375.0m | THB 357.4m |
| Operating income | THB 149.1m | THB 142.6m | THB 125.4m | THB 124.0m | THB 128.2m | THB 147.0m | THB 142.8m | THB 121.9m |
| Net income | THB 141.9m | THB 127.6m | THB 101.3m | THB 96.9m | THB 105.7m | THB 129.5m | THB 109.2m | THB 102.3m |
| Diluted earnings per share | 0.07 | 0.07 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 |
| Cash from operations | THB 103.0m | THB 192.0m | THB 253.0m | THB 220.0m | THB 136.0m | THB 285.0m | THB 71.0m | THB 248.0m |
| Capital spending | −THB 77.0m | −THB 100.0m | −THB 126.0m | −THB 97.0m | −THB 134.0m | −THB 99.0m | −THB 96.0m | −THB 118.0m |
| Free cash flow | THB 26.0m | THB 92.0m | THB 127.0m | THB 123.0m | THB 2.0m | THB 186.0m | −THB 25.0m | THB 130.0m |
| Total assets | THB 5.96bn | THB 5.84bn | THB 5.65bn | THB 5.72bn | THB 5.88bn | THB 5.81bn | THB 5.65bn | THB 5.69bn |
| Cash and short-term investments | THB 714.1m | THB 691.3m | THB 648.8m | THB 646.3m | THB 834.9m | THB 838.2m | THB 655.3m | THB 698.7m |
| Debt | THB 26.5m | THB 51.6m | THB 25.5m | THB 77.8m | THB 46.5m | THB 45.7m | THB 40.4m | THB 19.8m |
| Shareholders' equity | THB 4.92bn | THB 4.77bn | THB 4.80bn | THB 4.77bn | THB 5.05bn | THB 4.95bn | THB 4.83bn | THB 4.75bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 32.6% | 35.2% | 37.6% | 34.0% | 37.2% | 40.5% | — | — |
| Operating margin | 12.2% | 14.2% | 18.5% | 15.5% | 17.9% | 22.1% | — | — |
| Net margin | 10.0% | 11.7% | 14.7% | 12.2% | 12.4% | 16.4% | — | — |
| Return on equity | 9.1% | 10.4% | 13.5% | 11.0% | 9.9% | 12.7% | — | — |
| Return on assets | 7.4% | 8.8% | 11.3% | 9.3% | 8.4% | 10.6% | — | — |
| Free cash flow yield | 12.6% | 12.7% | 12.5% | 6.9% | 8.5% | 10.8% | — | — |
| Revenue growth | -2.1% | -0.7% | 11.6% | 17.1% | 6.7% | 10.7% | — | — |
| Earnings growth | -15.8% | -21.0% | 34.6% | 14.8% | -19.1% | 47.1% | — | — |
| Current ratio | 4.64x | 5.04x | 4.83x | 4.94x | 5.50x | 6.02x | — | — |
| Debt to equity | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | — | — |
| Equity ratio | 81.6% | 85.2% | 83.8% | 84.0% | 84.4% | 83.8% | — | — |
| Interest coverage | 44.60x | 56.50x | 74.43x | 67.00x | 68.45x | 88.75x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.6% | 0.6% |
| Buybacks as a share of market value | 2.5% | 0.0% | 0.0% | 1.8% | -8.5% | 6.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | 6.3% | 10.0% |
| Operating income | -4.0% | -4.7% | 10.2% |
| Net income | -3.6% | -3.6% | 11.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.9% | 34.9% | 36.0% | 35.4% |
| Operating margin | 12.9% | 14.8% | 16.1% | 16.1% |
| Net margin | 10.9% | 12.2% | 12.8% | 12.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 13.7 | 27.1 | 45.0 | 53.5 | 109.0 | 33.6 | 24.9 |
| Price to sales | 1.4 | 3.2 | 6.6 | 6.5 | 13.5 | 5.5 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.21 | 0.175 | 0.175 | 0.10 | 0.15 | 0.15 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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