9.30
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 2.25bn
FY2016FY2025
Net income
THB 292.6m
FY2016FY2025
Free cash flow
THB 313.4m
FY2016FY2025
Shareholders' equity
THB 2.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.25bn | THB 2.19bn | THB 1.84bn | THB 1.61bn | THB 1.55bn | THB 1.66bn | THB 1.93bn | THB 2.05bn | THB 1.59bn | THB 1.58bn |
| Gross profit | THB 623.5m | THB 598.3m | THB 370.2m | THB 311.4m | THB 319.4m | THB 467.8m | THB 503.0m | THB 559.7m | THB 486.9m | THB 495.4m |
| Operating income | THB 341.2m | THB 384.5m | THB 186.0m | THB 106.1m | THB 124.9m | THB 278.6m | THB 310.7m | THB 341.0m | THB 288.6m | THB 300.7m |
| Net income | THB 292.6m | THB 303.8m | THB 146.5m | THB 77.9m | THB 90.3m | THB 215.6m | THB 243.8m | THB 287.4m | THB 233.0m | THB 266.7m |
| Diluted earnings per share | 1.04 | 1.08 | 0.52 | 0.28 | 0.31 | 0.74 | 0.81 | 0.96 | 0.78 | 0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.69bn | THB 2.79bn | THB 2.51bn | THB 2.34bn | THB 2.38bn | THB 2.40bn | THB 2.38bn | THB 2.35bn | THB 2.17bn | THB 2.08bn |
| Cash and short-term investments | THB 1.41bn | THB 1.53bn | THB 1.17bn | THB 993.0m | THB 988.9m | THB 1.01bn | THB 977.3m | THB 833.1m | THB 773.4m | THB 593.9m |
| Total liabilities | THB 486.3m | THB 449.6m | THB 361.0m | THB 277.3m | THB 304.0m | THB 325.9m | THB 346.7m | THB 387.2m | THB 371.7m | THB 373.6m |
| Debt | THB 53.0m | THB 67.2m | THB 24.8m | THB 20.8m | THB 25.7m | THB 28.8m | THB 6.1m | THB 13.4m | THB 26.5m | THB 40.5m |
| Shareholders' equity | THB 2.20bn | THB 2.34bn | THB 2.15bn | THB 2.06bn | THB 2.07bn | THB 2.07bn | THB 2.03bn | THB 1.96bn | THB 1.80bn | THB 1.71bn |
| Shares outstanding | 282m | 282m | 282m | 282m | 289m | 291m | 300m | 300m | 300m | 300m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 372.8m | THB 512.9m | THB 245.3m | THB 139.2m | THB 97.5m | THB 281.9m | THB 359.8m | THB 285.8m | THB 208.6m | THB 280.7m |
| Capital spending | −THB 59.4m | −THB 67.3m | −THB 32.7m | −THB 44.1m | −THB 24.6m | −THB 85.4m | −THB 78.0m | −THB 76.0m | −THB 174.3m | −THB 56.0m |
| Free cash flow | THB 313.4m | THB 445.6m | THB 212.5m | THB 95.1m | THB 73.0m | THB 196.5m | THB 281.8m | THB 209.8m | THB 34.3m | THB 224.7m |
| Dividends paid | −THB 423.4m | −THB 98.8m | −THB 42.3m | −THB 43.3m | −THB 110.6m | −THB 120.0m | −THB 150.0m | −THB 120.0m | −THB 105.0m | −THB 120.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 593.9m | THB 655.0m | THB 494.9m | THB 609.0m | THB 645.2m | THB 503.9m | THB 537.6m | THB 630.1m |
| Gross profit | THB 158.8m | THB 177.0m | THB 139.0m | THB 174.7m | THB 174.1m | THB 145.0m | THB 153.8m | THB 176.7m |
| Operating income | THB 109.1m | THB 119.3m | −THB 10.4m | THB 122.1m | THB 127.5m | THB 102.0m | THB 84.1m | THB 120.0m |
| Net income | THB 86.3m | THB 97.5m | THB 12.1m | THB 96.8m | THB 101.9m | THB 81.9m | THB 66.0m | THB 95.4m |
| Diluted earnings per share | 0.31 | 0.35 | 0.04 | 0.34 | 0.36 | 0.29 | 0.23 | 0.34 |
| Cash from operations | THB 110.0m | THB 82.0m | THB 51.0m | THB 112.0m | THB 95.0m | THB 113.0m | THB 108.0m | THB 204.0m |
| Capital spending | −THB 2.0m | −THB 6.0m | −THB 10.0m | −THB 23.0m | −THB 10.0m | −THB 15.0m | −THB 29.0m | −THB 9.0m |
| Free cash flow | THB 108.0m | THB 76.0m | THB 41.0m | THB 89.0m | THB 85.0m | THB 98.0m | THB 79.0m | THB 195.0m |
| Total assets | THB 2.69bn | THB 2.92bn | THB 2.69bn | THB 2.73bn | THB 2.69bn | THB 2.96bn | THB 2.79bn | THB 2.80bn |
| Cash and short-term investments | — | THB 1.49bn | THB 1.41bn | THB 1.39bn | THB 1.29bn | THB 1.63bn | THB 1.53bn | THB 1.45bn |
| Debt | — | THB 19.6m | THB 18.5m | THB 18.2m | THB 35.6m | THB 33.9m | THB 16.8m | THB 8.5m |
| Shareholders' equity | THB 2.10bn | THB 2.30bn | THB 2.20bn | THB 2.19bn | THB 2.09bn | THB 2.41bn | THB 2.34bn | THB 2.27bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.7% | 27.3% | 20.1% | 19.3% | 20.6% | 28.1% |
| Operating margin | 15.1% | 17.5% | 10.1% | 6.6% | 8.1% | 16.8% |
| Net margin | 13.0% | 13.8% | 8.0% | 4.8% | 5.8% | 13.0% |
| Return on equity | 13.3% | 13.0% | 6.8% | 3.8% | 4.4% | 10.4% |
| Return on assets | 10.9% | 10.9% | 5.8% | 3.3% | 3.8% | 9.0% |
| Free cash flow yield | 16.3% | 21.9% | 10.5% | 6.9% | 4.5% | 13.4% |
| Revenue growth | 2.7% | 19.1% | 14.4% | 3.8% | -6.7% | -13.7% |
| Earnings growth | -3.7% | 107.4% | 88.1% | -13.7% | -58.1% | -11.6% |
| Current ratio | 5.11x | 6.05x | 6.47x | 8.18x | 7.39x | 6.62x |
| Debt to equity | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 81.9% | 83.9% | 85.6% | 88.2% | 87.2% | 86.4% |
| Interest coverage | 61.17x | 86.48x | 72.69x | 38.24x | 37.30x | 63.76x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 2.3% | 0.7% | 3.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.9% | 6.3% | 2.7% |
| Operating income | 47.6% | 4.1% | -0.8% |
| Net income | 55.4% | 6.3% | -0.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.5% | 24.1% | 24.2% | 26.4% |
| Operating margin | 16.3% | 12.9% | 12.8% | 15.2% |
| Net margin | 13.4% | 10.4% | 10.1% | 12.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.8 | 6.3 | 10.0 | 18.1 | 19.5 | 8.2 | 7.3 | 8.9 | 11.5 | 10.1 |
| Price to sales | 1.0 | 0.9 | 0.8 | 0.9 | 1.1 | 1.1 | 0.9 | 1.3 | 1.7 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 10 Mar 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.50 | 0.35 | 0.15 | 0.15 | 0.38 | 0.40 | 0.50 | 0.40 |
- 10-for-1 split · 26 Jul 2013
- 11-for-4 split · 17 Aug 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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