3.10
-1.27%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.04bn
FY2016FY2025
Net income
THB 147.1m
FY2016FY2025
Free cash flow
THB 301.8m
FY2016FY2025
Shareholders' equity
THB 1.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.04bn | THB 2.13bn | THB 1.90bn | THB 1.62bn | THB 1.45bn | THB 1.25bn | THB 1.39bn | THB 595.1m | THB 592.0m | THB 556.2m |
| Gross profit | THB 668.8m | THB 638.8m | THB 514.0m | THB 353.4m | THB 349.3m | THB 317.7m | THB 339.8m | THB 137.6m | THB 153.0m | THB 165.0m |
| Operating income | THB 274.0m | THB 287.2m | THB 200.9m | THB 77.6m | THB 128.5m | THB 141.1m | THB 144.7m | −THB 11.4m | THB 23.8m | THB 49.1m |
| Net income | THB 147.1m | THB 127.6m | THB 80.1m | THB 40.6m | THB 81.5m | THB 89.3m | THB 85.8m | −THB 10.9m | THB 18.8m | THB 39.0m |
| Diluted earnings per share | 0.24 | 0.21 | 0.13 | 0.07 | 0.17 | 0.19 | 0.18 | -0.02 | 0.04 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.21bn | THB 3.26bn | THB 3.04bn | THB 2.78bn | THB 1.76bn | THB 1.62bn | THB 1.59bn | THB 544.6m | THB 502.4m | THB 489.3m |
| Cash and short-term investments | THB 337.1m | THB 297.2m | THB 128.7m | THB 184.5m | THB 101.2m | THB 149.7m | THB 114.7m | THB 210.8m | THB 121.5m | THB 157.0m |
| Total liabilities | THB 1.56bn | THB 1.57bn | THB 1.69bn | THB 1.55bn | THB 1.09bn | THB 1.10bn | THB 1.16bn | THB 195.3m | THB 137.1m | THB 127.8m |
| Debt | THB 786.0m | THB 798.2m | THB 887.3m | THB 886.0m | THB 506.7m | THB 591.7m | THB 680.5m | THB 68.6m | THB 4.5m | THB 11.4m |
| Shareholders' equity | THB 1.16bn | THB 1.17bn | THB 1.03bn | THB 959.5m | THB 668.1m | THB 521.6m | THB 432.5m | THB 349.3m | THB 365.3m | THB 361.5m |
| Shares outstanding | 611m | 611m | 611m | 611m | 494m | 472m | 474m | 471m | 471m | 471m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 342.6m | THB 234.1m | THB 172.9m | THB 128.3m | THB 105.5m | THB 207.9m | THB 148.4m | THB 41.0m | THB 31.5m | THB 81.0m |
| Capital spending | −THB 40.8m | −THB 74.9m | −THB 136.2m | −THB 55.8m | −THB 24.6m | −THB 14.3m | −THB 19.7m | −THB 10.1m | −THB 48.6m | −THB 18.1m |
| Free cash flow | THB 301.8m | THB 159.2m | THB 36.7m | THB 72.5m | THB 80.9m | THB 193.6m | THB 128.7m | THB 30.9m | −THB 17.1m | THB 62.8m |
| Dividends paid | −THB 23.2m | −THB 20.0m | −THB 13.1m | −THB 2.4m | −THB 20.6m | −THB 2.2m | −THB 556,000 | −THB 7.6m | −THB 14.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 557.5m | THB 521.7m | THB 506.3m | THB 488.7m | THB 489.9m | THB 551.8m | THB 553.6m | THB 513.4m |
| Gross profit | THB 205.8m | THB 183.1m | THB 172.3m | THB 153.5m | THB 162.3m | THB 180.7m | THB 173.4m | THB 140.8m |
| Operating income | THB 125.0m | THB 99.9m | THB 73.6m | THB 76.4m | THB 59.4m | THB 72.7m | THB 75.6m | THB 49.5m |
| Net income | THB 64.5m | THB 55.8m | THB 44.5m | THB 38.4m | THB 29.4m | THB 34.9m | THB 33.5m | THB 20.9m |
| Diluted earnings per share | 0.10 | 0.09 | 0.07 | 0.06 | 0.05 | 0.06 | 0.05 | 0.03 |
| Cash from operations | THB 49.0m | THB 107.0m | THB 91.0m | THB 52.0m | THB 114.0m | THB 113.0m | THB 37.0m | THB 25.0m |
| Capital spending | −THB 11.0m | −THB 12.0m | −THB 17.0m | −THB 8.0m | −THB 9.0m | −THB 4.0m | −THB 10.0m | −THB 3.0m |
| Free cash flow | THB 38.0m | THB 95.0m | THB 74.0m | THB 44.0m | THB 105.0m | THB 109.0m | THB 27.0m | THB 22.0m |
| Total assets | THB 3.33bn | THB 3.28bn | THB 3.21bn | THB 3.18bn | THB 3.23bn | THB 3.34bn | THB 3.26bn | THB 3.32bn |
| Cash and short-term investments | — | THB 387.2m | THB 337.1m | THB 311.2m | THB 315.5m | THB 350.2m | THB 297.2m | THB 368.4m |
| Debt | THB 297.6m | THB 688.9m | THB 745.4m | THB 608.8m | THB 646.2m | THB 723.3m | THB 764.1m | THB 848.5m |
| Shareholders' equity | THB 1.26bn | THB 1.21bn | THB 1.16bn | THB 1.22bn | THB 1.21bn | THB 1.21bn | THB 1.17bn | THB 1.14bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.8% | 30.0% | 27.1% | 21.9% | 24.1% | 25.5% |
| Operating margin | 13.5% | 13.4% | 10.7% | 4.7% | 8.7% | 11.3% |
| Net margin | 7.2% | 6.0% | 4.2% | 2.5% | 5.6% | 7.2% |
| Return on equity | 12.7% | 10.9% | 7.8% | 4.2% | 12.2% | 17.1% |
| Return on assets | 4.6% | 3.9% | 2.6% | 1.5% | 4.6% | 5.5% |
| Free cash flow yield | 19.7% | 15.9% | 15.9% | 9.5% | 8.3% | 14.8% |
| Revenue growth | -4.5% | 12.4% | 17.3% | 11.3% | 16.4% | -10.2% |
| Earnings growth | 15.3% | 59.2% | 97.6% | -50.3% | -8.7% | 4.1% |
| Current ratio | 1.60x | 1.63x | 1.25x | 1.61x | 1.65x | 1.91x |
| Debt to equity | 0.63x | 0.65x | 0.82x | 0.91x | 0.71x | 1.08x |
| Equity ratio | 36.1% | 36.0% | 33.9% | 34.5% | 38.0% | 32.2% |
| Interest coverage | 8.22x | 6.55x | 4.48x | 3.17x | 5.90x | 4.57x |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | -23.7% | -4.7% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.0% | 10.3% | 13.2% |
| Operating income | 52.3% | 14.2% | 18.7% |
| Net income | 53.7% | 10.5% | 14.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.4% | 28.3% | 27.4% | 26.9% |
| Operating margin | 13.5% | 10.9% | 10.7% | 9.7% |
| Net margin | 6.6% | 5.1% | 5.5% | 5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.0 | 15.0 | 16.5 | 40.0 | 16.4 | 6.9 | 8.4 | -59.4 | 32.8 | 21.0 |
| Price to sales | 0.8 | 0.9 | 0.7 | 1.0 | 0.9 | 0.5 | 0.5 | 1.1 | 1.0 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 7 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.036 | 0.031 | 0.021 | 0.005 | 0.053 | 0.004 | 0.001 | 0.015 |
- 31-for-30 split · 8 May 2023
- 1.096-for-1 split · 5 May 2022
- 1.303-for-1 split · 29 Apr 2021
- 1.138-for-1 split · 13 Jul 2020
- 1.036-for-1 split · 17 Apr 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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