13.00
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 132.72bn
FY2016FY2025
Net income
THB 4.61bn
FY2016FY2025
Free cash flow
−THB 656.4m
FY2016FY2025
Shareholders' equity
THB 44.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 132.72bn | THB 138.43bn | THB 136.15bn | THB 155.59bn | THB 141.05bn | THB 132.40bn | THB 126.28bn | THB 133.28bn | THB 136.54bn | THB 134.38bn |
| Gross profit | THB 24.50bn | THB 25.62bn | THB 23.22bn | THB 27.21bn | THB 25.73bn | THB 23.42bn | THB 20.11bn | THB 18.89bn | THB 18.14bn | THB 19.93bn |
| Research and development | THB 116.9m | THB 104.6m | THB 74.6m | THB 102.7m | THB 106.4m | THB 162.9m | THB 75.7m | THB 50.8m | THB 94.0m | THB 83.1m |
| Operating income | THB 6.33bn | THB 7.89bn | THB 7.74bn | THB 7.89bn | THB 10.09bn | THB 9.53bn | THB 5.89bn | THB 6.25bn | THB 8.15bn | THB 7.96bn |
| Net income | THB 4.61bn | THB 4.98bn | −THB 13.93bn | THB 7.14bn | THB 8.01bn | THB 6.25bn | THB 3.82bn | THB 3.26bn | THB 6.02bn | THB 5.25bn |
| Diluted earnings per share | 1.20 | 1.17 | -3.13 | 1.53 | 1.72 | 1.34 | 0.80 | 0.69 | 1.26 | 1.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 158.33bn | THB 154.91bn | THB 165.45bn | THB 182.57bn | THB 166.60bn | THB 144.57bn | THB 141.91bn | THB 141.92bn | THB 146.27bn | THB 142.37bn |
| Cash and short-term investments | THB 13.76bn | THB 15.49bn | THB 16.45bn | THB 13.03bn | THB 9.72bn | THB 6.29bn | THB 4.69bn | THB 1.59bn | THB 878.5m | THB 976.1m |
| Total liabilities | THB 106.24bn | THB 98.60bn | THB 99.43bn | THB 94.44bn | THB 104.39bn | THB 88.84bn | THB 90.11bn | THB 95.42bn | THB 98.04bn | THB 94.93bn |
| Debt | THB 74.68bn | THB 68.51bn | THB 67.99bn | THB 60.36bn | THB 71.04bn | THB 58.42bn | THB 59.90bn | THB 64.50bn | THB 67.30bn | THB 65.92bn |
| Shareholders' equity | THB 44.70bn | THB 48.64bn | THB 58.63bn | THB 80.64bn | THB 59.32bn | THB 52.19bn | THB 48.42bn | THB 43.23bn | THB 44.46bn | THB 43.24bn |
| Shares outstanding | 3,855m | 4,255m | 4,455m | 4,655m | 4,655m | 4,655m | 4,772m | 4,716m | 4,772m | 4,772m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 3.12bn | THB 14.53bn | THB 9.20bn | THB 5.87bn | THB 6.29bn | THB 13.43bn | THB 11.76bn | THB 12.87bn | THB 6.82bn | THB 7.77bn |
| Capital spending | −THB 3.78bn | −THB 3.56bn | −THB 4.92bn | −THB 5.34bn | −THB 4.26bn | −THB 3.85bn | −THB 4.67bn | −THB 4.96bn | −THB 5.67bn | −THB 4.12bn |
| Free cash flow | −THB 656.4m | THB 10.97bn | THB 4.28bn | THB 530.6m | THB 2.03bn | THB 9.58bn | THB 7.09bn | THB 7.90bn | THB 1.15bn | THB 3.65bn |
| Dividends paid | −THB 2.79bn | −THB 2.39bn | −THB 3.38bn | −THB 4.19bn | −THB 3.95bn | −THB 2.54bn | −THB 1.91bn | −THB 2.82bn | −THB 3.01bn | −THB 2.98bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 33.85bn | THB 32.05bn | THB 35.04bn | THB 34.50bn | THB 33.39bn | THB 29.79bn | THB 35.09bn | THB 34.84bn |
| Gross profit | THB 7.24bn | THB 5.82bn | THB 6.41bn | THB 6.55bn | THB 6.57bn | THB 5.61bn | THB 6.55bn | THB 6.79bn |
| Operating income | THB 2.18bn | THB 1.17bn | THB 1.49bn | THB 1.80bn | THB 2.06bn | THB 911.1m | THB 2.29bn | THB 2.10bn |
| Net income | THB 1.26bn | THB 1.11bn | THB 1.01bn | THB 1.30bn | THB 1.27bn | THB 1.02bn | THB 1.21bn | THB 1.32bn |
| Diluted earnings per share | 0.33 | 0.29 | 0.26 | 0.34 | 0.33 | 0.26 | 0.29 | 0.31 |
| Cash from operations | THB 4.43bn | THB 177.0m | −THB 1.97bn | THB 2.69bn | THB 2.95bn | THB 248.0m | THB 4.87bn | THB 2.82bn |
| Capital spending | −THB 533.0m | −THB 1.25bn | −THB 966.0m | −THB 806.0m | −THB 1.02bn | −THB 989.0m | −THB 1.25bn | −THB 760.0m |
| Free cash flow | THB 3.90bn | −THB 1.07bn | −THB 2.94bn | THB 1.88bn | THB 1.93bn | −THB 741.0m | THB 3.61bn | THB 2.06bn |
| Total assets | THB 161.30bn | THB 160.24bn | THB 158.33bn | THB 158.36bn | THB 160.54bn | THB 158.17bn | THB 154.91bn | THB 155.54bn |
| Cash and short-term investments | — | THB 13.96bn | THB 13.76bn | THB 15.02bn | THB 17.10bn | THB 17.08bn | THB 15.49bn | THB 13.42bn |
| Debt | THB 40.17bn | THB 76.23bn | THB 74.68bn | THB 24.35bn | THB 75.47bn | THB 72.65bn | THB 67.85bn | THB 62.51bn |
| Shareholders' equity | THB 45.97bn | THB 46.13bn | THB 44.70bn | THB 44.50bn | THB 45.13bn | THB 48.45bn | THB 48.64bn | THB 55.06bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.5% | 18.5% | 17.1% | 17.5% | 18.2% | 17.7% |
| Operating margin | 4.8% | 5.7% | 5.7% | 5.1% | 7.2% | 7.2% |
| Net margin | 3.5% | 3.6% | -10.2% | 4.6% | 5.7% | 4.7% |
| Return on equity | 10.3% | 10.2% | -23.8% | 8.9% | 13.5% | 12.0% |
| Return on assets | 2.9% | 3.2% | -8.4% | 3.9% | 4.8% | 4.3% |
| Free cash flow yield | 14.1% | 33.5% | 25.0% | 19.0% | 17.9% | 29.2% |
| Revenue growth | -4.1% | 1.7% | -12.5% | 10.3% | 6.5% | 4.9% |
| Earnings growth | -7.5% | -135.8% | -295.2% | -10.9% | 28.3% | 63.7% |
| Current ratio | 1.70x | 1.57x | 1.70x | 2.38x | 1.56x | 1.37x |
| Debt to equity | 1.67x | 1.40x | 1.15x | 0.74x | 1.18x | 1.10x |
| Equity ratio | 28.2% | 31.4% | 35.4% | 44.2% | 35.6% | 36.1% |
| Interest coverage | 2.66x | 3.17x | 3.36x | 3.95x | 5.83x | 5.53x |
| R&D as a share of sales | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 9.4% | 4.5% | 4.3% | 0.0% | 0.0% | 2.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | 0.0% | 0.6% |
| Operating income | -7.1% | -7.9% | -2.9% |
| Net income | -13.6% | -5.9% | -1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.5% | 17.9% | 17.9% | 16.5% |
| Operating margin | 5.2% | 5.3% | 5.9% | 5.8% |
| Net margin | 3.5% | 0.5% | 2.0% | 2.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.7 | 11.1 | -4.8 | 11.0 | 11.3 | 10.1 | 16.9 | 23.5 | 15.8 | 19.1 |
| Price to sales | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 31 years. Last went ex-dividend on 14 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.75 | 0.70 | 0.55 | 0.74 | 0.90 | 0.45 | 0.18 | 0.40 |
- 4-for-1 split · 5 Jan 2015
- 5-for-1 split · 20 Nov 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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