2.42
-0.82%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.67bn
FY2016FY2025
Net income
THB 65.7m
FY2016FY2025
Free cash flow
THB 271.0m
FY2016FY2025
Shareholders' equity
THB 1.49bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.67bn | THB 2.19bn | THB 1.59bn | THB 1.67bn | THB 1.47bn | THB 1.27bn | THB 2.87bn | THB 2.55bn | THB 1.63bn | THB 1.32bn |
| Gross profit | THB 370.4m | THB 372.7m | THB 321.9m | THB 239.3m | THB 231.1m | THB 240.0m | THB 386.1m | THB 349.4m | THB 353.9m | THB 289.1m |
| Operating income | THB 84.0m | THB 198.6m | THB 247.2m | THB 120.0m | THB 291.7m | THB 319.3m | THB 236.6m | THB 182.7m | THB 153.5m | THB 28.8m |
| Net income | THB 65.7m | THB 168.7m | THB 278.0m | THB 59.2m | THB 246.8m | THB 271.2m | THB 163.9m | THB 139.6m | THB 100.4m | THB 29.6m |
| Diluted earnings per share | 0.10 | 0.25 | 0.42 | 0.09 | 0.38 | 0.41 | 0.25 | 0.21 | 0.15 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.70bn | THB 3.59bn | THB 3.64bn | THB 3.55bn | THB 3.22bn | THB 3.13bn | THB 3.05bn | THB 4.03bn | THB 3.13bn | THB 2.98bn |
| Cash and short-term investments | THB 481.1m | THB 944.3m | THB 332.1m | THB 176.3m | THB 57.5m | THB 78.4m | THB 42.3m | THB 80.7m | THB 20.8m | THB 27.7m |
| Total liabilities | THB 1.20bn | THB 1.81bn | THB 1.78bn | THB 1.82bn | THB 1.45bn | THB 1.51bn | THB 1.60bn | THB 2.73bn | THB 1.83bn | THB 1.71bn |
| Debt | THB 396.7m | THB 983.0m | THB 850.2m | THB 1.14bn | THB 921.9m | THB 1.10bn | THB 1.15bn | THB 2.04bn | THB 1.39bn | THB 1.36bn |
| Shareholders' equity | THB 1.49bn | THB 1.66bn | THB 1.72bn | THB 1.59bn | THB 1.64bn | THB 1.54bn | THB 1.39bn | THB 1.27bn | THB 1.27bn | THB 1.22bn |
| Shares outstanding | 668m | 668m | 668m | 668m | 653m | 668m | 668m | 668m | 668m | 668m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 319.6m | −THB 39.0m | THB 48.7m | THB 105.3m | THB 7.0m | THB 173.6m | THB 911.5m | −THB 400.2m | THB 154.0m | THB 121.1m |
| Capital spending | −THB 48.6m | −THB 253.7m | −THB 90.5m | −THB 85.6m | −THB 42.6m | −THB 34.9m | −THB 22.3m | −THB 68.6m | −THB 219.8m | −THB 379.4m |
| Free cash flow | THB 271.0m | −THB 292.6m | −THB 41.8m | THB 19.7m | −THB 35.7m | THB 138.7m | THB 889.1m | −THB 468.8m | −THB 65.9m | −THB 258.3m |
| Dividends paid | −THB 166.9m | −THB 233.7m | −THB 160.2m | −THB 186.9m | −THB 93.5m | −THB 130.2m | −THB 40.1m | −THB 146.9m | −THB 33.4m | −THB 66.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 329.2m | THB 365.7m | THB 425.6m | THB 299.7m | THB 471.8m | THB 475.9m | THB 542.9m | THB 711.4m |
| Gross profit | THB 121.8m | THB 106.1m | THB 114.4m | THB 46.3m | THB 96.6m | THB 118.2m | THB 91.8m | THB 67.4m |
| Operating income | THB 68.2m | THB 46.9m | THB 18.9m | −THB 21.6m | THB 44.1m | THB 67.4m | THB 117.4m | −THB 65.1m |
| Net income | THB 34.0m | THB 27.8m | THB 12.6m | −THB 16.3m | THB 26.0m | THB 43.4m | THB 101.9m | −THB 24.6m |
| Diluted earnings per share | 0.05 | 0.04 | 0.02 | -0.02 | 0.04 | 0.07 | 0.15 | -0.04 |
| Cash from operations | THB 151.0m | −THB 104.0m | THB 104.0m | THB 17.0m | THB 51.0m | THB 146.0m | −THB 164.0m | THB 149.0m |
| Capital spending | −THB 7.0m | −THB 8.0m | −THB 11.0m | −THB 14.0m | −THB 6.0m | −THB 17.0m | −THB 78.0m | −THB 59.0m |
| Free cash flow | THB 144.0m | −THB 112.0m | THB 93.0m | THB 3.0m | THB 45.0m | THB 129.0m | −THB 242.0m | THB 90.0m |
| Total assets | THB 2.68bn | THB 2.83bn | THB 2.70bn | THB 2.66bn | THB 2.73bn | THB 3.51bn | THB 3.59bn | THB 3.30bn |
| Cash and short-term investments | — | THB 564.7m | THB 481.1m | THB 401.6m | THB 389.3m | THB 1.03bn | THB 944.3m | THB 789.9m |
| Debt | THB 139.8m | THB 435.6m | THB 337.3m | THB 313.9m | THB 318.7m | THB 825.4m | THB 882.9m | THB 693.7m |
| Shareholders' equity | THB 1.41bn | THB 1.51bn | THB 1.49bn | THB 1.54bn | THB 1.56bn | THB 1.70bn | THB 1.66bn | THB 1.72bn |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.1% | 17.0% | 20.2% | 14.3% | 15.8% | 18.9% |
| Operating margin | 7.1% | 12.1% | 15.5% | 1.5% | 4.6% | 3.9% |
| Net margin | 3.9% | 7.7% | 17.5% | 3.5% | 16.8% | 21.4% |
| Return on equity | 4.4% | 10.2% | 16.2% | 3.7% | 15.1% | 17.7% |
| Return on assets | 2.4% | 4.7% | 7.6% | 1.7% | 7.7% | 8.7% |
| Free cash flow yield | 22.6% | 13.2% | 8.5% | 11.7% | 3.1% | 12.8% |
| Revenue growth | -23.6% | 37.7% | -4.9% | 14.0% | 15.5% | -55.8% |
| Earnings growth | -61.0% | -39.3% | 369.7% | -76.0% | -9.0% | 65.5% |
| Current ratio | 1.94x | 1.54x | 1.61x | 1.13x | 0.61x | 0.74x |
| Debt to equity | 0.20x | 0.53x | 0.38x | 0.63x | 0.50x | 0.65x |
| Equity ratio | 55.0% | 46.1% | 47.3% | 44.9% | 51.0% | 49.1% |
| Interest coverage | 3.12x | 5.40x | 5.61x | 0.61x | 1.38x | 0.87x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -2.2% | 2.1% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.0% | 5.7% | 1.5% |
| Operating income | -11.2% | -23.4% | -1.8% |
| Net income | 3.6% | -24.7% | -3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.2% | 18.3% | 18.0% | 17.3% |
| Operating margin | 7.3% | 9.1% | 12.8% | 10.0% |
| Net margin | 6.1% | 8.0% | 11.1% | 8.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.2 | 12.2 | 9.3 | 53.9 | 16.4 | 9.9 | 11.4 | 19.0 | 33.0 | 135.1 |
| Price to sales | 1.1 | 0.9 | 1.6 | 1.9 | 2.8 | 2.1 | 0.7 | 1.0 | 2.0 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 28 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.25 | 0.35 | 0.24 | 0.20 | 0.22 | 0.195 | 0.06 |
- 9-for-8 split · 1 Apr 2015
- 6-for-5 split · 1 Apr 2013
- 2-for-1 split · 29 Oct 2012
- 1.15-for-1 split · 8 May 2012
- 1.15-for-1 split · 20 Sept 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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