8.00
+1.91%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 6.05bn
FY2016FY2025
Net income
THB 751.8m
FY2016FY2025
Free cash flow
THB 1.13bn
FY2016FY2025
Shareholders' equity
THB 7.81bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 6.05bn | THB 6.06bn | THB 5.82bn | THB 5.67bn | THB 6.35bn | THB 3.87bn | THB 3.70bn | THB 3.44bn | THB 3.15bn | THB 2.43bn |
| Gross profit | THB 1.67bn | THB 1.76bn | THB 2.00bn | THB 2.04bn | THB 2.82bn | THB 1.14bn | THB 1.03bn | THB 967.0m | THB 850.7m | THB 671.7m |
| Operating income | THB 936.9m | THB 869.1m | THB 1.16bn | THB 1.33bn | THB 1.83bn | THB 474.1m | THB 362.3m | THB 361.6m | THB 251.1m | THB 208.7m |
| Net income | THB 751.8m | THB 663.6m | THB 891.1m | THB 1.01bn | THB 1.40bn | THB 349.7m | THB 243.0m | THB 242.4m | THB 162.7m | THB 189.7m |
| Diluted earnings per share | 0.37 | 0.32 | 0.43 | 0.49 | 0.68 | 0.17 | 0.12 | 0.12 | 0.08 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 9.56bn | THB 9.62bn | THB 9.25bn | THB 8.82bn | THB 8.09bn | THB 6.47bn | THB 5.85bn | THB 5.53bn | THB 5.35bn | THB 5.29bn |
| Cash and short-term investments | THB 1.51bn | THB 1.23bn | THB 687.6m | THB 842.8m | THB 855.1m | THB 363.7m | THB 198.1m | THB 141.8m | THB 67.4m | THB 57.7m |
| Total liabilities | THB 1.65bn | THB 1.88bn | THB 1.80bn | THB 1.92bn | THB 2.50bn | THB 2.38bn | THB 1.97bn | THB 1.75bn | THB 1.79bn | THB 1.81bn |
| Debt | THB 609.2m | THB 831.9m | THB 746.0m | THB 966.9m | THB 1.24bn | THB 1.74bn | THB 1.36bn | THB 1.18bn | THB 1.26bn | THB 1.27bn |
| Shareholders' equity | THB 7.81bn | THB 7.65bn | THB 7.35bn | THB 6.81bn | THB 5.52bn | THB 4.04bn | THB 3.84bn | THB 3.73bn | THB 3.49bn | THB 3.41bn |
| Shares outstanding | 2,035m | 2,058m | 2,058m | 2,058m | 2,058m | 1,999m | 1,999m | 1,999m | 1,980m | 1,980m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.48bn | THB 1.43bn | THB 1.35bn | THB 1.45bn | THB 1.60bn | THB 717.1m | THB 535.3m | THB 645.2m | THB 533.1m | THB 412.9m |
| Capital spending | −THB 355.9m | −THB 525.2m | −THB 771.8m | −THB 538.9m | −THB 496.3m | −THB 382.8m | −THB 451.1m | −THB 291.3m | −THB 322.1m | −THB 238.0m |
| Free cash flow | THB 1.13bn | THB 903.2m | THB 578.6m | THB 914.4m | THB 1.11bn | THB 334.3m | THB 84.2m | THB 353.8m | THB 211.0m | THB 175.0m |
| Dividends paid | −THB 410.8m | −THB 369.8m | −THB 349.5m | −THB 410.7m | −THB 159.5m | −THB 140.7m | −THB 137.9m | −THB 97.0m | −THB 82.3m | −THB 86.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.37bn | THB 1.40bn | THB 1.44bn | THB 1.55bn | THB 1.53bn | THB 1.52bn | THB 1.39bn | THB 1.67bn |
| Gross profit | THB 385.4m | THB 377.0m | THB 407.8m | THB 454.6m | THB 487.2m | THB 469.6m | THB 265.2m | THB 537.7m |
| Operating income | THB 184.5m | THB 160.7m | THB 187.2m | THB 240.0m | THB 271.3m | THB 269.2m | THB 32.9m | THB 313.6m |
| Net income | THB 149.4m | THB 125.5m | THB 150.2m | THB 187.3m | THB 207.7m | THB 206.7m | THB 17.7m | THB 244.0m |
| Diluted earnings per share | 0.07 | 0.06 | 0.07 | 0.09 | 0.10 | 0.10 | 0.01 | 0.12 |
| Cash from operations | — | THB 286.0m | THB 275.0m | THB 576.0m | THB 250.0m | THB 387.0m | THB 239.0m | THB 584.0m |
| Capital spending | — | −THB 110.0m | −THB 91.0m | −THB 123.0m | −THB 89.0m | −THB 64.0m | −THB 145.0m | −THB 137.0m |
| Free cash flow | — | THB 176.0m | THB 184.0m | THB 453.0m | THB 161.0m | THB 323.0m | THB 94.0m | THB 447.0m |
| Total assets | THB 9.30bn | THB 9.67bn | THB 9.56bn | THB 9.47bn | THB 9.61bn | THB 9.72bn | THB 9.62bn | THB 9.28bn |
| Cash and short-term investments | THB 1.40bn | THB 1.62bn | THB 1.51bn | THB 1.39bn | THB 1.29bn | THB 1.48bn | THB 1.23bn | THB 802.4m |
| Debt | THB 157.8m | THB 422.5m | THB 519.6m | THB 494.3m | THB 531.7m | THB 581.8m | THB 627.5m | THB 264.3m |
| Shareholders' equity | THB 7.70bn | THB 7.93bn | THB 7.81bn | THB 7.68bn | THB 7.79bn | THB 7.85bn | THB 7.65bn | THB 7.63bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.6% | 29.1% | 34.4% | 35.9% | 44.4% | 29.3% |
| Operating margin | 15.5% | 14.3% | 20.0% | 23.4% | 28.9% | 12.2% |
| Net margin | 12.4% | 11.0% | 15.3% | 17.8% | 22.0% | 9.0% |
| Return on equity | 9.6% | 8.7% | 12.1% | 14.8% | 25.3% | 8.7% |
| Return on assets | 7.9% | 6.9% | 9.6% | 11.5% | 17.2% | 5.4% |
| Free cash flow yield | 11.6% | 12.2% | 13.2% | 12.4% | 13.1% | 7.1% |
| Revenue growth | -0.2% | 4.1% | 2.6% | -10.7% | 63.9% | 4.6% |
| Earnings growth | 13.3% | -25.5% | -11.9% | -27.5% | 299.0% | 43.9% |
| Current ratio | 3.44x | 2.82x | 1.95x | 2.07x | 1.64x | 1.02x |
| Debt to equity | 0.06x | 0.08x | 0.07x | 0.10x | 0.18x | 0.36x |
| Equity ratio | 81.8% | 79.5% | 79.5% | 77.3% | 68.2% | 62.5% |
| Interest coverage | 30.75x | 26.92x | 30.11x | 28.06x | 27.33x | 6.45x |
| Buybacks as a share of market value | 1.1% | 0.0% | 0.0% | 0.0% | -2.9% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.1% | 9.3% | 11.7% |
| Operating income | -11.0% | 14.6% | 20.6% |
| Net income | -9.4% | 16.5% | 20.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.4% | 31.6% | 33.8% | 31.9% |
| Operating margin | 14.9% | 18.2% | 19.5% | 16.3% |
| Net margin | 11.7% | 14.1% | 15.0% | 12.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.1 | 29.9 | 23.6 | 28.1 | 19.2 | 37.2 | 41.6 | 32.7 | 46.4 | 41.8 |
| Price to sales | 2.4 | 3.3 | 3.6 | 5.0 | 4.2 | 3.4 | 2.7 | 2.3 | 2.4 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.16 | 0.20 | 0.18 | 0.17 | 0.20 | 0.08 | 0.07 | 0.07 |
- 13-for-1 split · 30 Apr 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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