6.25
-1.57%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.10bn
FY2016FY2025
Net income
THB 120.5m
FY2016FY2025
Free cash flow
−THB 198.2m
FY2016FY2025
Shareholders' equity
THB 3.10bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.10bn | THB 2.04bn | THB 1.94bn | THB 1.69bn | THB 1.47bn | THB 1.30bn | THB 1.29bn | THB 1.32bn | THB 1.41bn | THB 1.38bn |
| Gross profit | THB 686.8m | THB 709.3m | THB 667.6m | THB 609.8m | THB 507.1m | THB 463.3m | THB 425.4m | THB 457.9m | THB 424.9m | THB 465.9m |
| Operating income | THB 183.3m | THB 288.9m | THB 350.5m | THB 249.0m | THB 256.2m | THB 183.4m | THB 131.9m | THB 177.7m | −THB 28.1m | THB 212.8m |
| Net income | THB 120.5m | THB 205.6m | THB 264.6m | THB 162.1m | THB 128.7m | THB 95.2m | THB 44.7m | THB 64.8m | −THB 88.7m | THB 99.4m |
| Diluted earnings per share | 0.28 | 0.47 | 0.61 | 0.37 | 0.31 | 0.23 | 0.11 | 0.15 | -0.20 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 4.86bn | THB 4.48bn | THB 4.24bn | THB 4.32bn | THB 4.06bn | THB 4.23bn | THB 3.98bn | THB 4.47bn | THB 4.93bn | THB 4.04bn |
| Cash and short-term investments | THB 188.1m | THB 255.5m | THB 400.0m | THB 199.5m | THB 350.4m | THB 695.8m | THB 512.2m | THB 819.9m | THB 969.3m | THB 81.4m |
| Total liabilities | THB 1.76bn | THB 1.43bn | THB 1.34bn | THB 1.64bn | THB 1.52bn | THB 1.80bn | THB 1.62bn | THB 2.15bn | THB 2.68bn | THB 2.64bn |
| Debt | THB 1.08bn | THB 748.9m | THB 865.0m | THB 1.10bn | THB 1.03bn | THB 1.40bn | THB 1.36bn | THB 1.86bn | THB 2.25bn | THB 2.26bn |
| Shareholders' equity | THB 3.10bn | THB 3.05bn | THB 2.91bn | THB 2.68bn | THB 2.54bn | THB 2.43bn | THB 2.36bn | THB 2.32bn | THB 2.25bn | THB 1.40bn |
| Shares outstanding | 434m | 434m | 434m | 434m | 417m | 407m | 409m | 434m | 434m | 325m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 562.8m | THB 724.0m | THB 747.4m | THB 666.5m | THB 662.3m | THB 606.8m | THB 486.1m | THB 477.9m | THB 488.7m | THB 540.6m |
| Capital spending | −THB 761.1m | −THB 604.5m | −THB 392.2m | −THB 638.9m | −THB 505.4m | −THB 232.6m | −THB 281.8m | −THB 253.2m | −THB 528.1m | −THB 891.7m |
| Free cash flow | −THB 198.2m | THB 119.5m | THB 355.1m | THB 27.6m | THB 156.9m | THB 374.2m | THB 204.4m | THB 224.7m | −THB 39.3m | −THB 351.1m |
| Dividends paid | −THB 68.9m | −THB 63.3m | −THB 40.5m | −THB 32.5m | −THB 23.8m | −THB 9.1m | −THB 13.0m | −THB 13.0m | −THB 13.0m | −THB 2.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 591.8m | THB 541.3m | THB 528.1m | THB 510.2m | THB 532.2m | THB 530.2m | THB 498.4m | THB 519.2m |
| Gross profit | THB 189.5m | THB 173.2m | THB 160.4m | THB 163.6m | THB 180.6m | THB 182.3m | THB 172.5m | THB 176.1m |
| Operating income | THB 78.2m | THB 56.2m | THB 5.2m | THB 52.7m | THB 55.8m | THB 73.8m | THB 61.8m | THB 52.3m |
| Net income | THB 60.0m | THB 42.6m | −THB 6.0m | THB 36.0m | THB 40.1m | THB 50.4m | THB 40.1m | THB 32.5m |
| Diluted earnings per share | 0.14 | 0.10 | -0.01 | 0.08 | 0.09 | 0.12 | 0.09 | 0.07 |
| Cash from operations | THB 67.0m | THB 138.0m | THB 176.0m | THB 103.0m | THB 109.0m | THB 194.0m | THB 180.0m | THB 154.0m |
| Capital spending | −THB 106.0m | −THB 192.0m | −THB 313.0m | −THB 75.0m | −THB 118.0m | −THB 254.0m | −THB 117.0m | −THB 220.0m |
| Free cash flow | −THB 39.0m | −THB 54.0m | −THB 137.0m | THB 28.0m | −THB 9.0m | −THB 60.0m | THB 63.0m | −THB 66.0m |
| Total assets | THB 4.99bn | THB 4.91bn | THB 4.86bn | THB 4.77bn | THB 4.56bn | THB 4.48bn | THB 4.48bn | THB 4.31bn |
| Cash and short-term investments | — | THB 187.4m | THB 188.1m | THB 246.7m | THB 221.9m | THB 220.5m | THB 255.5m | THB 209.0m |
| Debt | THB 593.8m | THB 1.09bn | THB 1.09bn | THB 914.9m | THB 861.7m | THB 760.7m | THB 709.3m | THB 679.4m |
| Shareholders' equity | THB 3.18bn | THB 3.15bn | THB 3.10bn | THB 3.11bn | THB 3.07bn | THB 3.10bn | THB 3.05bn | THB 3.01bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.7% | 34.8% | 34.4% | 36.1% | 34.6% | 35.6% |
| Operating margin | 8.7% | 14.2% | 18.1% | 14.7% | 17.5% | 14.1% |
| Net margin | 5.7% | 10.1% | 13.6% | 9.6% | 8.8% | 7.3% |
| Return on equity | 3.9% | 6.7% | 9.1% | 6.0% | 5.1% | 3.9% |
| Return on assets | 2.5% | 4.6% | 6.2% | 3.7% | 3.2% | 2.3% |
| Free cash flow yield | 47.3% | 47.5% | 40.7% | 46.7% | 43.4% | 32.0% |
| Revenue growth | 3.2% | 4.9% | 15.0% | 15.1% | 12.6% | 0.9% |
| Earnings growth | -41.4% | -22.3% | 63.3% | 26.0% | 35.1% | 113.0% |
| Current ratio | 0.59x | 0.64x | 1.04x | 0.76x | 0.85x | 1.31x |
| Debt to equity | 0.33x | 0.23x | 0.27x | 0.37x | 0.39x | 0.56x |
| Equity ratio | 63.8% | 68.1% | 68.5% | 62.1% | 62.6% | 57.5% |
| Interest coverage | 5.68x | 9.76x | 9.42x | 6.99x | 5.43x | 3.23x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -3.9% | -2.6% | 0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.6% | 10.0% | 4.9% |
| Operating income | -9.7% | -0.0% | -2.3% |
| Net income | -9.4% | 4.8% | 0.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.8% | 34.4% | 34.6% | 34.6% |
| Operating margin | 11.4% | 13.8% | 14.3% | 13.0% |
| Net margin | 7.9% | 9.7% | 9.3% | 7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.9 | 17.4 | 12.8 | 16.4 | 24.2 | 18.4 | 27.5 | 32.8 | -46.0 | 26.7 |
| Price to sales | 0.7 | 1.8 | 1.7 | 1.6 | 2.1 | 1.3 | 0.9 | 1.6 | 2.9 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 13 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.097 | 0.159 | 0.146 | 0.094 | 0.075 | 0.055 | 0.021 | 0.03 |
- 13-for-12 split · 3 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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