5.00
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Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.74bn
FY2016FY2025
Net income
THB 161.0m
FY2016FY2025
Free cash flow
THB 209.5m
FY2016FY2025
Shareholders' equity
THB 785.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.74bn | THB 1.69bn | THB 1.71bn | THB 1.69bn | THB 1.83bn | THB 1.30bn | THB 1.66bn | THB 1.62bn | THB 1.39bn | THB 1.24bn |
| Gross profit | THB 808.7m | THB 690.9m | THB 609.6m | THB 566.3m | THB 746.7m | THB 522.4m | THB 665.4m | THB 639.4m | THB 522.1m | THB 476.3m |
| Operating income | THB 227.7m | THB 180.7m | THB 104.0m | THB 56.5m | THB 213.7m | THB 109.1m | THB 220.0m | THB 232.9m | THB 219.6m | THB 195.2m |
| Net income | THB 161.0m | THB 119.4m | THB 55.9m | THB 23.6m | THB 146.2m | THB 67.7m | THB 171.3m | THB 185.7m | THB 177.0m | THB 154.9m |
| Diluted earnings per share | 0.32 | 0.24 | 0.12 | 0.05 | 0.33 | 0.16 | 0.40 | 0.62 | 0.59 | 0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.36bn | THB 1.13bn | THB 1.15bn | THB 1.27bn | THB 1.22bn | THB 1.13bn | THB 1.30bn | THB 945.1m | THB 1.10bn | THB 941.0m |
| Cash and short-term investments | THB 532.9m | THB 448.0m | THB 326.5m | THB 311.2m | THB 258.6m | THB 221.2m | THB 214.8m | THB 120.1m | THB 398.3m | THB 239.1m |
| Total liabilities | THB 553.1m | THB 357.7m | THB 483.2m | THB 554.1m | THB 504.0m | THB 466.5m | THB 594.9m | THB 303.3m | THB 266.3m | THB 223.9m |
| Debt | THB 95.6m | THB 25.9m | THB 187.9m | THB 187.1m | THB 72.1m | THB 156.9m | THB 157.7m | — | — | — |
| Shareholders' equity | THB 785.1m | THB 752.9m | THB 638.6m | THB 692.2m | THB 693.5m | THB 651.3m | THB 693.2m | THB 632.8m | THB 821.7m | THB 711.7m |
| Shares outstanding | 499m | 499m | 453m | 453m | 440m | 427m | 424m | 300m | 299m | 303m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 270.9m | THB 304.5m | THB 199.4m | THB 25.5m | THB 275.4m | THB 168.6m | THB 91.7m | THB 122.7m | THB 241.5m | THB 149.2m |
| Capital spending | −THB 61.4m | −THB 13.8m | −THB 49.1m | −THB 37.6m | −THB 32.8m | −THB 23.6m | −THB 29.3m | −THB 20.8m | −THB 16.7m | −THB 11.4m |
| Free cash flow | THB 209.5m | THB 290.7m | THB 150.3m | −THB 12.0m | THB 242.6m | THB 145.0m | THB 62.4m | THB 101.9m | THB 224.9m | THB 137.9m |
| Dividends paid | −THB 124.4m | −THB 2.5m | −THB 113.3m | −THB 143.3m | −THB 121.0m | −THB 117.1m | −THB 112.5m | −THB 375.0m | −THB 67.5m | −THB 67.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 513.3m | THB 331.1m | THB 508.2m | THB 427.0m | THB 499.0m | THB 301.9m | THB 445.5m | THB 417.7m |
| Gross profit | THB 209.3m | THB 140.9m | THB 243.9m | THB 202.4m | THB 240.6m | THB 126.9m | THB 218.9m | THB 172.2m |
| Operating income | THB 100.3m | THB 37.1m | THB 66.5m | THB 71.2m | THB 52.8m | THB 38.3m | THB 40.3m | THB 52.4m |
| Net income | THB 75.6m | THB 28.0m | THB 43.4m | THB 54.1m | THB 35.9m | THB 27.7m | THB 25.8m | THB 35.6m |
| Diluted earnings per share | 0.15 | 0.06 | 0.09 | 0.11 | 0.07 | 0.06 | 0.05 | 0.07 |
| Cash from operations | THB 4.0m | THB 26.0m | THB 28.0m | THB 142.0m | THB 59.0m | THB 39.0m | THB 98.0m | THB 52.0m |
| Capital spending | −THB 7.0m | −THB 3.0m | −THB 17.0m | −THB 11.0m | −THB 18.0m | −THB 13.0m | −THB 5.0m | −THB 2.0m |
| Free cash flow | −THB 3.0m | THB 23.0m | THB 11.0m | THB 131.0m | THB 41.0m | THB 26.0m | THB 93.0m | THB 50.0m |
| Total assets | THB 1.32bn | THB 1.39bn | THB 1.36bn | THB 1.37bn | THB 1.25bn | THB 1.19bn | THB 1.13bn | THB 1.11bn |
| Cash and short-term investments | THB 452.3m | THB 552.6m | THB 532.9m | THB 527.1m | THB 451.2m | THB 472.6m | THB 448.0m | THB 353.3m |
| Debt | THB 61.9m | THB 61.7m | THB 81.9m | THB 51.1m | THB 32.3m | THB 23.8m | THB 17.8m | THB 25.5m |
| Shareholders' equity | THB 800.1m | THB 814.5m | THB 785.1m | THB 745.3m | THB 753.8m | THB 780.6m | THB 752.9m | THB 728.3m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 46.6% | 41.0% | 35.7% | 33.4% | 40.9% | 40.3% |
| Operating margin | 13.1% | 10.9% | 6.1% | 3.3% | 11.7% | 8.4% |
| Net margin | 9.3% | 7.1% | 3.3% | 1.4% | 8.0% | 5.2% |
| Return on equity | 20.5% | 15.9% | 8.7% | 3.4% | 21.1% | 10.4% |
| Return on assets | 11.9% | 10.5% | 4.9% | 1.9% | 12.0% | 6.0% |
| Free cash flow yield | 13.4% | 12.8% | 11.0% | 2.8% | 14.1% | 9.0% |
| Revenue growth | 3.0% | -1.4% | 0.9% | -7.2% | 40.9% | -21.8% |
| Earnings growth | 34.9% | 113.6% | 136.3% | -83.8% | 116.0% | -60.5% |
| Current ratio | 1.99x | 2.50x | 1.73x | 1.75x | 1.86x | 1.81x |
| Debt to equity | 0.08x | 0.02x | 0.26x | 0.24x | 0.08x | 0.22x |
| Equity ratio | 57.8% | 66.4% | 55.8% | 54.4% | 56.9% | 57.5% |
| Interest coverage | 71.21x | 67.88x | 15.75x | 29.07x | 112.16x | 16.26x |
| Buybacks as a share of market value | -0.0% | -10.0% | 0.0% | -3.1% | -3.0% | -0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 6.0% | 4.0% |
| Operating income | 59.2% | 15.9% | 3.9% |
| Net income | 89.5% | 18.9% | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.8% | 39.2% | 39.7% | 39.3% |
| Operating margin | 11.9% | 8.3% | 9.0% | 11.2% |
| Net margin | 8.2% | 5.3% | 5.8% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.1 | 11.9 | 37.3 | 112.5 | 24.6 | 27.8 | 8.0 | 14.7 | 13.1 | 10.0 |
| Price to sales | 1.1 | 0.8 | 1.2 | 1.6 | 2.0 | 1.4 | 0.8 | 1.7 | 1.7 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 26 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.006 | 0.227 | 0.355 | 0.341 | 0.341 | 0.341 | 1.136 |
- 11-for-10 split · 7 May 2024
- 2-for-1 split · 6 Mar 2019
- 5-for-1 split · 21 Feb 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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