15.60
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 24.12bn
FY2016FY2025
Net income
THB 4.02bn
FY2016FY2025
Free cash flow
THB 1.25bn
FY2016FY2025
Shareholders' equity
THB 53.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 24.12bn | THB 31.19bn | THB 31.18bn | THB 34.49bn | THB 29.16bn | THB 20.59bn | THB 23.56bn | THB 25.55bn | THB 25.02bn | THB 23.34bn |
| Gross profit | THB 8.20bn | THB 11.76bn | THB 11.11bn | THB 13.42bn | THB 11.64bn | THB 7.83bn | THB 9.28bn | THB 9.81bn | THB 9.58bn | THB 8.88bn |
| Operating income | THB 4.47bn | THB 8.25bn | THB 7.89bn | THB 10.41bn | THB 8.81bn | THB 5.63bn | THB 7.06bn | THB 7.25bn | THB 7.42bn | THB 6.50bn |
| Net income | THB 4.02bn | THB 6.19bn | THB 5.99bn | THB 8.17bn | THB 7.07bn | THB 4.25bn | THB 5.40bn | THB 5.77bn | THB 5.81bn | THB 4.89bn |
| Diluted earnings per share | 2.13 | 3.17 | 3.07 | 4.19 | 3.63 | 2.18 | 2.56 | 2.69 | 2.79 | 2.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 99.28bn | THB 96.23bn | THB 86.13bn | THB 79.92bn | THB 71.43bn | THB 68.21bn | THB 60.51bn | THB 57.70bn | THB 55.70bn | THB 51.68bn |
| Cash and short-term investments | THB 4.00bn | THB 5.35bn | THB 5.14bn | THB 1.98bn | THB 1.92bn | THB 1.64bn | THB 1.32bn | THB 1.68bn | THB 1.77bn | THB 569.1m |
| Total liabilities | THB 44.50bn | THB 42.01bn | THB 34.66bn | THB 32.46bn | THB 28.51bn | THB 30.81bn | THB 22.66bn | THB 22.98bn | THB 27.32bn | THB 28.07bn |
| Debt | THB 37.99bn | THB 34.19bn | THB 27.16bn | THB 24.54bn | THB 19.89bn | THB 21.33bn | THB 13.70bn | THB 14.77bn | THB 19.97bn | THB 21.21bn |
| Shareholders' equity | THB 53.73bn | THB 53.18bn | THB 50.48bn | THB 46.51bn | THB 42.07bn | THB 36.58bn | THB 37.09bn | THB 33.99bn | THB 27.68bn | THB 22.95bn |
| Shares outstanding | 1,886m | 1,953m | 1,953m | 1,952m | 1,948m | 1,948m | 2,108m | 2,143m | 2,085m | 1,717m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.31bn | −THB 687.2m | −THB 179.5m | THB 3.27bn | THB 4.01bn | −THB 1.25bn | THB 2.71bn | THB 5.01bn | THB 2.61bn | THB 1.34bn |
| Capital spending | −THB 63.3m | −THB 129.2m | −THB 73.5m | −THB 94.7m | −THB 51.1m | −THB 41.7m | −THB 69.8m | −THB 37.8m | −THB 36.6m | −THB 71.1m |
| Free cash flow | THB 1.25bn | −THB 816.4m | −THB 253.0m | THB 3.18bn | THB 3.96bn | −THB 1.29bn | THB 2.64bn | THB 4.97bn | THB 2.58bn | THB 1.27bn |
| Dividends paid | −THB 2.70bn | −THB 2.64bn | −THB 2.83bn | −THB 2.83bn | −THB 1.95bn | −THB 2.16bn | −THB 2.14bn | −THB 837.7m | −THB 944.1m | −THB 1.72bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 6.94bn | THB 3.79bn | THB 7.21bn | THB 6.37bn | THB 6.91bn | THB 3.63bn | THB 8.84bn | THB 9.84bn |
| Gross profit | THB 2.10bn | THB 1.16bn | THB 2.44bn | THB 2.25bn | THB 2.18bn | THB 1.40bn | THB 3.34bn | THB 3.89bn |
| Operating income | THB 1.09bn | THB 413.2m | THB 1.46bn | THB 1.57bn | THB 1.44bn | THB 596.4m | THB 2.50bn | THB 2.72bn |
| Net income | THB 1.65bn | THB 402.1m | THB 1.34bn | THB 1.17bn | THB 1.10bn | THB 404.8m | THB 1.99bn | THB 1.99bn |
| Diluted earnings per share | 0.87 | 0.21 | 0.71 | 0.62 | 0.59 | 0.21 | 1.02 | 1.02 |
| Cash from operations | THB 1.54bn | −THB 502.0m | THB 1.53bn | THB 1.29bn | THB 669.0m | −THB 2.61bn | THB 1.32bn | THB 831.0m |
| Capital spending | −THB 17.0m | −THB 7.0m | −THB 14.0m | −THB 17.0m | −THB 32.0m | −THB 28.0m | −THB 43.0m | −THB 18.0m |
| Free cash flow | THB 1.52bn | −THB 509.0m | THB 1.52bn | THB 1.27bn | THB 637.0m | −THB 2.64bn | THB 1.28bn | THB 813.0m |
| Total assets | THB 103.92bn | THB 102.13bn | THB 99.28bn | THB 98.33bn | THB 97.90bn | THB 97.94bn | THB 96.23bn | THB 97.88bn |
| Cash and short-term investments | — | THB 3.74bn | THB 4.00bn | THB 3.92bn | THB 3.00bn | THB 2.05bn | THB 5.35bn | THB 10.06bn |
| Debt | THB 14.73bn | THB 39.09bn | THB 37.99bn | THB 31.39bn | THB 31.30bn | THB 29.29bn | THB 29.23bn | THB 31.94bn |
| Shareholders' equity | THB 56.19bn | THB 55.40bn | THB 53.73bn | THB 52.57bn | THB 52.56bn | THB 53.86bn | THB 53.18bn | THB 51.91bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.0% | 37.7% | 35.6% | 38.9% | 39.9% | 38.1% |
| Operating margin | 18.5% | 26.5% | 25.3% | 30.2% | 30.2% | 27.3% |
| Net margin | 16.6% | 19.8% | 19.2% | 23.7% | 24.2% | 20.6% |
| Return on equity | 7.5% | 11.6% | 11.9% | 17.6% | 16.8% | 11.6% |
| Return on assets | 4.0% | 6.4% | 7.0% | 10.2% | 9.9% | 6.2% |
| Free cash flow yield | 4.6% | -1.8% | -0.3% | 10.8% | 13.1% | -3.9% |
| Revenue growth | -22.7% | 0.1% | -9.6% | 18.3% | 41.6% | -12.6% |
| Earnings growth | -35.1% | 3.3% | -26.7% | 15.6% | 66.3% | -21.3% |
| Current ratio | 2.66x | 2.44x | 2.86x | 2.49x | 2.74x | 2.61x |
| Debt to equity | 0.71x | 0.64x | 0.54x | 0.44x | 0.38x | 0.50x |
| Equity ratio | 54.1% | 55.3% | 58.6% | 58.2% | 58.9% | 53.6% |
| Interest coverage | 6.17x | 11.65x | 16.88x | 37.63x | 34.02x | 23.21x |
| Buybacks as a share of market value | 3.4% | 0.0% | -0.0% | -0.2% | 0.0% | 7.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.2% | 3.2% | 1.2% |
| Operating income | -24.6% | -4.5% | -2.9% |
| Net income | -21.1% | -1.1% | -0.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.1% | 36.8% | 37.5% | 37.8% |
| Operating margin | 23.0% | 25.6% | 26.6% | 27.5% |
| Net margin | 18.4% | 20.1% | 20.9% | 21.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.0 | 5.7 | 6.1 | 5.8 | 6.3 | 9.4 | 7.0 | 6.8 | 8.5 | 8.8 |
| Price to sales | 1.3 | 1.1 | 1.2 | 1.4 | 1.5 | 1.9 | 1.6 | 1.5 | 2.0 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.70 | 1.40 | 1.35 | 1.45 | 1.45 | 1.00 | 1.10 | 1.00 |
- 10-for-1 split · 17 Oct 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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