1.42
+0.71%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 33.97bn
FY2016FY2025
Net income
THB 4.51bn
FY2016FY2025
Free cash flow
THB 10.47bn
FY2016FY2025
Shareholders' equity
THB 44.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 33.97bn | THB 38.54bn | THB 37.55bn | THB 34.23bn | THB 29.56bn | THB 34.60bn | THB 24.93bn | THB 26.67bn | THB 31.29bn | THB 34.14bn |
| Gross profit | THB 9.98bn | THB 11.74bn | THB 12.42bn | THB 11.63bn | THB 9.95bn | THB 8.84bn | THB 6.77bn | THB 8.09bn | THB 9.96bn | THB 11.33bn |
| Research and development | — | — | THB 0 | THB 0 | THB 0 | THB 0 | THB 0 | THB 0 | THB 0 | THB 0 |
| Operating income | THB 4.39bn | THB 5.45bn | THB 6.05bn | THB 5.23bn | THB 3.58bn | THB 2.48bn | THB 3.35bn | −THB 21.38bn | THB 3.86bn | THB 5.51bn |
| Net income | THB 4.51bn | THB 5.25bn | THB 6.06bn | THB 4.28bn | THB 2.02bn | THB 1.67bn | THB 2.39bn | THB 2.05bn | THB 2.82bn | THB 3.38bn |
| Diluted earnings per share | 0.26 | 0.30 | 0.37 | 0.29 | 0.14 | 0.11 | 0.17 | 0.14 | 0.19 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 145.40bn | THB 149.40bn | THB 147.30bn | THB 127.45bn | THB 116.63bn | THB 112.63bn | THB 108.34bn | THB 95.36bn | THB 80.15bn | THB 72.77bn |
| Cash and short-term investments | THB 5.95bn | THB 5.06bn | THB 3.03bn | THB 2.82bn | THB 2.18bn | THB 3.01bn | THB 2.47bn | THB 6.30bn | THB 3.95bn | THB 3.54bn |
| Total liabilities | THB 100.30bn | THB 100.41bn | THB 99.89bn | THB 83.41bn | THB 75.67bn | THB 73.43bn | THB 76.46bn | THB 64.50bn | THB 49.67bn | THB 44.68bn |
| Debt | THB 82.31bn | THB 77.28bn | THB 81.02bn | THB 72.39bn | THB 66.42bn | THB 60.65bn | THB 62.61bn | THB 51.91bn | THB 38.73bn | THB 35.79bn |
| Shareholders' equity | THB 44.51bn | THB 48.18bn | THB 40.98bn | THB 42.43bn | THB 39.23bn | THB 37.38bn | THB 30.94bn | THB 30.85bn | THB 30.51bn | THB 28.10bn |
| Shares outstanding | 17,466m | 17,430m | 16,566m | 14,999m | 14,884m | 14,863m | 14,143m | 14,364m | 14,863m | 14,286m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 10.89bn | THB 12.34bn | −THB 327.4m | −THB 674.2m | −THB 2.37bn | THB 2.83bn | −THB 7.29bn | −THB 5.81bn | THB 1.94bn | THB 8.51bn |
| Capital spending | −THB 423.5m | −THB 1.93bn | −THB 4.53bn | −THB 497.7m | −THB 727.5m | −THB 1.50bn | −THB 1.19bn | −THB 552.9m | −THB 191.9m | −THB 124.5m |
| Free cash flow | THB 10.47bn | THB 10.42bn | −THB 4.86bn | −THB 1.17bn | −THB 3.10bn | THB 1.33bn | −THB 8.47bn | −THB 6.36bn | THB 1.74bn | THB 8.39bn |
| Dividends paid | −THB 2.72bn | −THB 3.29bn | −THB 3.76bn | −THB 1.90bn | −THB 1.00bn | −THB 848.4m | −THB 1.43bn | −THB 1.63bn | −THB 1.86bn | −THB 2.29bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 7.54bn | THB 6.67bn | THB 10.64bn | THB 7.87bn | THB 8.77bn | THB 6.64bn | THB 10.20bn | THB 9.33bn |
| Gross profit | THB 2.16bn | THB 1.69bn | THB 3.47bn | THB 2.36bn | THB 2.51bn | THB 2.17bn | THB 2.62bn | THB 3.08bn |
| Operating income | THB 1.03bn | THB 675.6m | THB 1.50bn | THB 1.07bn | THB 1.22bn | THB 876.7m | THB 921.8m | THB 1.36bn |
| Net income | THB 1.01bn | THB 864.2m | THB 1.48bn | THB 1.00bn | THB 1.21bn | THB 813.9m | THB 1.24bn | THB 1.31bn |
| Diluted earnings per share | 0.06 | 0.05 | 0.08 | 0.06 | 0.07 | 0.05 | 0.07 | 0.08 |
| Cash from operations | −THB 2.09bn | −THB 5.39bn | THB 3.83bn | THB 3.57bn | THB 1.07bn | THB 3.46bn | THB 4.03bn | THB 3.37bn |
| Capital spending | −THB 29.0m | −THB 8.0m | −THB 18.0m | −THB 90.0m | −THB 126.0m | −THB 205.0m | −THB 645.0m | −THB 658.0m |
| Free cash flow | −THB 2.12bn | −THB 5.40bn | THB 3.81bn | THB 3.48bn | THB 941.0m | THB 3.26bn | THB 3.38bn | THB 2.71bn |
| Total assets | THB 148.91bn | THB 147.98bn | THB 145.40bn | THB 148.43bn | THB 150.06bn | THB 148.52bn | THB 149.40bn | THB 151.15bn |
| Cash and short-term investments | THB 5.78bn | THB 6.01bn | THB 5.95bn | THB 5.66bn | THB 5.36bn | THB 5.36bn | THB 5.06bn | THB 2.29bn |
| Debt | THB 54.32bn | THB 78.69bn | THB 82.31bn | THB 79.64bn | THB 80.82bn | THB 78.66bn | THB 76.13bn | THB 79.07bn |
| Shareholders' equity | THB 45.56bn | THB 50.53bn | THB 44.51bn | THB 43.31bn | THB 50.30bn | THB 48.93bn | THB 48.18bn | THB 46.88bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 29.4% | 30.5% | 33.1% | 34.0% | 33.7% | 25.5% | — | — |
| Operating margin | 12.9% | 14.2% | 16.1% | 15.3% | 12.1% | 7.2% | — | — |
| Net margin | 13.3% | 13.6% | 16.1% | 12.5% | 6.8% | 4.8% | — | — |
| Return on equity | 10.1% | 10.9% | 14.8% | 10.1% | 5.1% | 4.5% | — | — |
| Return on assets | 3.1% | 3.5% | 4.1% | 3.4% | 1.7% | 1.5% | — | — |
| Free cash flow yield | 44.7% | 56.5% | 17.5% | -0.8% | -7.6% | 20.1% | — | — |
| Revenue growth | -11.8% | 2.6% | 9.7% | 15.8% | -14.6% | 38.8% | — | — |
| Earnings growth | -14.1% | -13.3% | 41.6% | 112.2% | 20.6% | -30.1% | — | — |
| Current ratio | 0.27x | 2.18x | 2.43x | 2.30x | 1.75x | 2.24x | — | — |
| Debt to equity | 1.85x | 1.58x | 1.95x | 1.67x | 1.65x | 1.58x | — | — |
| Equity ratio | 30.6% | 32.2% | 27.8% | 33.3% | 33.6% | 33.2% | — | — |
| Interest coverage | 8.69x | 13.12x | 12.26x | 7.09x | 3.07x | 2.54x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.2% | -5.2% | -10.4% | -0.8% | -0.1% | -5.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.2% | -0.4% | -1.0% |
| Operating income | -5.6% | 12.1% | -0.9% |
| Net income | 1.8% | 22.0% | 2.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.0% | 31.7% | 31.0% | 30.9% |
| Operating margin | 13.6% | 14.6% | 13.0% | 6.4% |
| Net margin | 13.5% | 13.9% | 11.4% | 10.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.2 | 6.0 | 4.8 | 6.2 | 9.1 | 7.2 | 6.4 | 8.3 | 11.5 | 7.0 |
| Price to sales | 0.7 | 0.8 | 0.8 | 0.8 | 0.6 | 0.3 | 0.6 | 0.6 | 1.0 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.13 | 0.13 | 0.17 | 0.21 | 0.10 | 0.04 | 0.06 | 0.10 |
- 4-for-1 split · 10 Oct 2011
- 7-for-6 split · 3 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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