0.83
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 35.75bn
FY2016FY2025
Net income
THB 2.00bn
FY2016FY2025
Free cash flow
−THB 3.08bn
FY2016FY2025
Shareholders' equity
THB 55.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 35.75bn | THB 35.77bn | THB 42.81bn | THB 48.13bn | THB 38.92bn | THB 34.28bn | THB 37.04bn | THB 34.99bn | THB 29.09bn | THB 29.13bn |
| Gross profit | THB 7.49bn | THB 7.83bn | THB 9.91bn | THB 12.86bn | THB 12.47bn | THB 9.34bn | THB 8.64bn | THB 6.97bn | THB 4.59bn | THB 4.81bn |
| Research and development | — | — | THB 14.5m | THB 9.6m | THB 7.8m | THB 7.9m | THB 7.7m | THB 7.7m | THB 7.7m | THB 3.9m |
| Operating income | THB 5.58bn | THB 5.26bn | THB 6.65bn | THB 9.92bn | THB 9.49bn | THB 6.23bn | THB 4.27bn | THB 2.97bn | THB 536.1m | −THB 165.5m |
| Net income | THB 2.00bn | THB 1.44bn | THB 3.22bn | THB 7.01bn | THB 5.67bn | THB 2.84bn | THB 2.76bn | THB 323.8m | −THB 1.26bn | −THB 521.3m |
| Diluted earnings per share | 0.11 | 0.08 | 0.17 | 0.37 | 0.30 | 0.15 | 0.14 | 0.02 | -0.06 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 162.65bn | THB 159.69bn | THB 163.41bn | THB 144.50bn | THB 135.71bn | THB 123.91bn | THB 114.37bn | THB 110.49bn | THB 103.18bn | THB 115.53bn |
| Cash and short-term investments | THB 7.51bn | THB 9.56bn | THB 20.70bn | THB 11.62bn | THB 12.15bn | THB 10.11bn | THB 5.39bn | THB 8.63bn | THB 6.71bn | THB 3.54bn |
| Total liabilities | THB 95.92bn | THB 94.86bn | THB 98.79bn | THB 81.69bn | THB 78.15bn | THB 71.74bn | THB 62.87bn | THB 59.55bn | THB 51.09bn | THB 60.46bn |
| Debt | THB 82.50bn | THB 80.60bn | THB 85.14bn | THB 71.37bn | THB 68.14bn | THB 62.45bn | THB 53.23bn | THB 50.46bn | THB 40.97bn | THB 46.61bn |
| Shareholders' equity | THB 55.88bn | THB 54.48bn | THB 54.74bn | THB 53.41bn | THB 48.37bn | THB 43.55bn | THB 43.42bn | THB 43.48bn | THB 44.88bn | THB 55.07bn |
| Shares outstanding | 18,935m | 18,935m | 18,935m | 18,935m | 18,969m | 19,027m | 19,143m | 19,185m | 19,968m | 19,968m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 4.86bn | THB 9.10bn | THB 11.54bn | THB 9.99bn | THB 7.27bn | THB 11.88bn | THB 7.77bn | THB 3.76bn | THB 1.96bn | THB 1.93bn |
| Capital spending | −THB 7.95bn | −THB 11.03bn | −THB 10.94bn | −THB 7.72bn | −THB 6.61bn | −THB 11.46bn | −THB 9.90bn | −THB 7.41bn | −THB 7.54bn | −THB 8.10bn |
| Free cash flow | −THB 3.08bn | −THB 1.93bn | THB 604.7m | THB 2.27bn | THB 657.3m | THB 418.7m | −THB 2.13bn | −THB 3.65bn | −THB 5.58bn | −THB 6.17bn |
| Dividends paid | −THB 568.1m | −THB 1.70bn | −THB 1.89bn | −THB 2.33bn | −THB 1.82bn | −THB 1.94bn | −THB 959.0m | −THB 1.25bn | −THB 1.05bn | −THB 399.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 8.53bn | THB 9.90bn | THB 8.43bn | THB 8.11bn | THB 8.71bn | THB 9.59bn | THB 8.83bn | THB 9.15bn |
| Gross profit | THB 2.15bn | THB 1.80bn | THB 1.66bn | THB 2.38bn | THB 2.25bn | THB 2.45bn | THB 1.91bn | THB 1.85bn |
| Operating income | THB 1.69bn | THB 1.38bn | THB 1.09bn | THB 1.19bn | THB 1.37bn | THB 1.74bn | THB 1.57bn | THB 439.8m |
| Net income | THB 974.6m | THB 832.4m | THB 433.0m | THB 281.0m | THB 561.2m | THB 723.2m | THB 486.6m | −THB 392.5m |
| Diluted earnings per share | 0.05 | 0.04 | 0.02 | 0.01 | 0.03 | 0.04 | 0.03 | -0.02 |
| Cash from operations | THB 1.70bn | THB 995.0m | THB 1.49bn | THB 1.49bn | THB 2.44bn | THB 1.77bn | THB 3.50bn | THB 1.65bn |
| Capital spending | −THB 1.55bn | −THB 1.38bn | −THB 2.12bn | −THB 1.82bn | −THB 1.78bn | −THB 2.26bn | −THB 3.34bn | −THB 2.79bn |
| Free cash flow | THB 151.0m | −THB 389.0m | −THB 630.0m | −THB 337.0m | THB 655.0m | −THB 493.0m | THB 155.0m | −THB 1.14bn |
| Total assets | THB 163.15bn | THB 162.20bn | THB 162.65bn | THB 162.34bn | THB 159.10bn | THB 157.16bn | THB 159.69bn | THB 158.32bn |
| Cash and short-term investments | THB 5.99bn | THB 6.55bn | THB 7.51bn | THB 8.38bn | THB 7.26bn | THB 5.31bn | THB 9.56bn | THB 10.39bn |
| Debt | THB 19.54bn | THB 81.88bn | THB 82.61bn | THB 82.68bn | THB 80.25bn | THB 77.46bn | THB 80.41bn | THB 80.92bn |
| Shareholders' equity | THB 57.12bn | THB 56.71bn | THB 55.88bn | THB 55.47bn | THB 55.19bn | THB 55.20bn | THB 54.48bn | THB 53.99bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 21.0% | 21.9% | 23.1% | 26.7% | 32.0% | 27.2% | — | — |
| Operating margin | 15.6% | 14.7% | 15.5% | 20.6% | 24.4% | 18.2% | — | — |
| Net margin | 5.6% | 4.0% | 7.5% | 14.6% | 14.6% | 8.3% | — | — |
| Return on equity | 3.6% | 2.6% | 5.9% | 13.1% | 11.7% | 6.5% | — | — |
| Return on assets | 1.2% | 0.9% | 2.0% | 4.8% | 4.2% | 2.3% | — | — |
| Free cash flow yield | 76.0% | 119.4% | 133.4% | 105.1% | 82.2% | 137.8% | — | — |
| Revenue growth | -0.1% | -16.4% | -11.1% | 23.7% | 13.5% | -7.5% | — | — |
| Earnings growth | 38.5% | -55.2% | -54.1% | 23.6% | 99.7% | 2.7% | — | — |
| Current ratio | 1.14x | 1.39x | 1.38x | 1.54x | 1.46x | 1.02x | — | — |
| Debt to equity | 1.48x | 1.48x | 1.55x | 1.33x | 1.40x | 1.43x | — | — |
| Equity ratio | 34.4% | 34.1% | 33.5% | 37.0% | 35.6% | 35.1% | — | — |
| Interest coverage | 2.27x | 2.21x | 3.20x | 5.14x | 4.62x | 3.10x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.2% | 0.3% | 0.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.4% | 0.8% | 2.8% |
| Operating income | -17.4% | -2.2% | 16.7% |
| Net income | -34.2% | -6.8% | 18.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.4% | 23.4% | 25.4% | 22.7% |
| Operating margin | 15.2% | 16.9% | 18.3% | 13.2% |
| Net margin | 4.8% | 8.4% | 9.4% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.5 | 14.2 | 8.2 | 4.9 | 5.8 | 12.3 | 9.7 | 117.3 | -32.3 | -94.2 |
| Price to sales | 0.4 | 0.6 | 0.6 | 0.7 | 0.8 | 1.0 | 0.7 | 1.1 | 1.4 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 11 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.03 | 0.09 | 0.10 | 0.09 | 0.06 | 0.06 | 0.05 |
- 10-for-1 split · 21 Oct 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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