15.80
+3.27%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 21.59bn
FY2016FY2025
Net income
THB 2.92bn
FY2016FY2025
Free cash flow
THB 3.33bn
FY2016FY2025
Shareholders' equity
THB 14.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 21.59bn | THB 21.14bn | THB 22.24bn | THB 20.65bn | THB 17.57bn | THB 16.30bn | THB 16.98bn | THB 16.35bn | THB 15.72bn | THB 16.30bn |
| Gross profit | THB 8.15bn | THB 7.30bn | THB 7.53bn | THB 6.00bn | THB 5.75bn | THB 6.01bn | THB 5.95bn | THB 5.55bn | THB 5.37bn | THB 6.20bn |
| Operating income | THB 3.81bn | THB 2.67bn | THB 3.37bn | THB 2.17bn | THB 2.24bn | THB 2.63bn | THB 2.58bn | THB 2.31bn | THB 2.18bn | THB 3.21bn |
| Net income | THB 2.92bn | THB 1.92bn | THB 2.57bn | THB 1.42bn | THB 1.96bn | THB 2.03bn | THB 2.16bn | THB 1.82bn | THB 1.71bn | THB 2.53bn |
| Diluted earnings per share | 1.50 | 0.96 | 1.27 | 0.70 | 0.95 | 1.00 | 1.08 | 0.90 | 0.84 | 1.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 21.52bn | THB 20.76bn | THB 21.28bn | THB 19.34bn | THB 18.50bn | THB 16.49bn | THB 15.71bn | THB 14.94bn | THB 14.10bn | THB 9.64bn |
| Cash and short-term investments | THB 8.63bn | THB 7.30bn | THB 7.74bn | THB 6.32bn | THB 7.62bn | THB 6.64bn | THB 6.85bn | THB 6.35bn | THB 6.28bn | THB 2.16bn |
| Total liabilities | THB 6.33bn | THB 6.39bn | THB 6.46bn | THB 5.85bn | THB 6.05bn | THB 5.08bn | THB 5.09bn | THB 5.57bn | THB 5.68bn | THB 8.87bn |
| Debt | THB 510.4m | THB 1.27bn | THB 1.45bn | THB 1.24bn | THB 1.47bn | THB 1.30bn | THB 575.0m | THB 985.0m | THB 1.37bn | THB 3.89bn |
| Shareholders' equity | THB 14.50bn | THB 13.66bn | THB 14.07bn | THB 12.79bn | THB 12.29bn | THB 11.41bn | THB 10.69bn | THB 9.42bn | THB 8.44bn | THB 802.9m |
| Shares outstanding | 1,939m | 1,997m | 2,029m | 2,029m | 2,051m | 2,031m | 2,007m | 2,029m | 2,029m | 2,029m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 4.03bn | THB 2.85bn | THB 3.82bn | THB 1.37bn | THB 2.53bn | THB 1.97bn | THB 2.43bn | THB 2.00bn | THB 1.80bn | THB 2.77bn |
| Capital spending | −THB 701.0m | −THB 674.7m | −THB 1.10bn | −THB 562.3m | −THB 388.5m | −THB 472.8m | −THB 751.7m | −THB 838.5m | −THB 385.5m | −THB 544.3m |
| Free cash flow | THB 3.33bn | THB 2.18bn | THB 2.72bn | THB 807.5m | THB 2.14bn | THB 1.50bn | THB 1.68bn | THB 1.16bn | THB 1.42bn | THB 2.23bn |
| Dividends paid | −THB 1.06bn | −THB 1.25bn | −THB 1.18bn | −THB 892.8m | −THB 1.16bn | −THB 1.10bn | −THB 831.9m | −THB 710.1m | −THB 1.50bn | −THB 6.53bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 5.58bn | THB 5.63bn | THB 5.53bn | THB 5.27bn | THB 5.37bn | THB 5.42bn | THB 5.23bn | THB 5.07bn |
| Gross profit | THB 2.24bn | THB 2.27bn | THB 2.24bn | THB 2.00bn | THB 2.04bn | THB 2.02bn | THB 1.78bn | THB 1.72bn |
| Operating income | THB 1.02bn | THB 1.13bn | THB 1.07bn | THB 862.6m | THB 845.7m | THB 941.2m | THB 627.7m | THB 304.4m |
| Net income | THB 717.7m | THB 953.2m | THB 844.4m | THB 687.7m | THB 651.8m | THB 733.1m | THB 450.7m | THB 187.9m |
| Diluted earnings per share | 0.37 | 0.49 | 0.44 | 0.35 | 0.34 | 0.38 | 0.23 | 0.09 |
| Cash from operations | THB 908.0m | THB 1.19bn | THB 1.39bn | THB 780.0m | THB 940.0m | THB 888.0m | THB 917.0m | THB 690.0m |
| Capital spending | −THB 108.0m | −THB 102.0m | −THB 118.0m | −THB 266.0m | −THB 187.0m | −THB 132.0m | −THB 168.0m | −THB 181.0m |
| Free cash flow | THB 800.0m | THB 1.09bn | THB 1.27bn | THB 514.0m | THB 753.0m | THB 756.0m | THB 749.0m | THB 509.0m |
| Total assets | THB 23.47bn | THB 22.86bn | THB 21.52bn | THB 20.61bn | THB 20.94bn | THB 20.76bn | THB 20.76bn | THB 20.18bn |
| Cash and short-term investments | THB 9.74bn | THB 9.70bn | THB 8.63bn | THB 7.43bn | THB 7.60bn | THB 7.44bn | THB 7.30bn | THB 6.75bn |
| Debt | THB 376.4m | THB 459.2m | THB 716.5m | THB 579.6m | THB 556.2m | THB 530.5m | THB 479.4m | THB 483.1m |
| Shareholders' equity | THB 15.50bn | THB 15.52bn | THB 14.50bn | THB 13.71bn | THB 13.72bn | THB 13.75bn | THB 13.66bn | THB 13.35bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 37.7% | 34.6% | 33.9% | 29.1% | 32.7% | 36.9% | — | — |
| Operating margin | 17.6% | 12.6% | 15.2% | 10.5% | 12.8% | 16.1% | — | — |
| Net margin | 13.5% | 9.1% | 11.6% | 6.9% | 11.1% | 12.5% | — | — |
| Return on equity | 20.1% | 14.1% | 18.3% | 11.1% | 15.9% | 17.8% | — | — |
| Return on assets | 13.6% | 9.2% | 12.1% | 7.3% | 10.6% | 12.3% | — | — |
| Free cash flow yield | 15.9% | 11.5% | 15.8% | 6.2% | 9.3% | 7.9% | — | — |
| Revenue growth | 2.1% | -4.9% | 7.7% | 17.5% | 7.8% | -4.0% | — | — |
| Earnings growth | 52.0% | -25.3% | 81.3% | -27.5% | -3.7% | -6.1% | — | — |
| Current ratio | 3.03x | 2.87x | 3.00x | 3.04x | 3.00x | 3.25x | — | — |
| Debt to equity | 0.04x | 0.04x | 0.04x | 0.03x | 0.04x | 0.03x | — | — |
| Equity ratio | 67.4% | 65.8% | 66.1% | 66.2% | 66.4% | 69.2% | — | — |
| Interest coverage | 88.28x | 48.39x | 80.46x | 56.77x | 64.46x | 67.76x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.4% | 0.4% |
| Buybacks as a share of market value | 2.9% | 1.6% | 0.0% | 1.1% | -1.0% | -1.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.5% | 5.8% | 2.6% |
| Operating income | 20.6% | 7.7% | 4.3% |
| Net income | 27.2% | 7.5% | 7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.2% | 33.9% | 34.1% | 34.6% |
| Operating margin | 15.2% | 14.0% | 14.1% | 14.7% |
| Net margin | 11.3% | 10.3% | 10.7% | 11.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.0 | 15.6 | 17.9 | 48.3 | 33.6 | 33.5 | 36.4 | 36.7 | 38.6 |
| Price to sales | 1.2 | 1.4 | 2.1 | 3.3 | 3.7 | 4.2 | 4.6 | 4.1 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.39 | 0.63 | 0.68 | 0.58 | 0.44 | 0.57 | 0.54 | 0.41 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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