2.22
+0.91%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.29bn
FY2016FY2025
Net income
THB 139.7m
FY2016FY2025
Free cash flow
THB 154.4m
FY2016FY2025
Shareholders' equity
THB 652.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.29bn | THB 2.11bn | THB 2.05bn | THB 2.03bn | THB 1.78bn | THB 1.69bn | THB 1.63bn | THB 1.61bn | THB 1.64bn | THB 1.72bn |
| Gross profit | THB 491.3m | THB 450.2m | THB 445.1m | THB 435.6m | THB 396.4m | THB 396.9m | THB 385.5m | THB 407.1m | THB 366.3m | THB 359.6m |
| Operating income | THB 178.1m | THB 139.2m | THB 158.7m | THB 63.9m | THB 143.9m | THB 122.1m | THB 115.4m | THB 119.9m | THB 131.5m | THB 135.6m |
| Net income | THB 139.7m | THB 90.2m | THB 113.8m | THB 9.4m | THB 108.7m | THB 84.5m | THB 84.3m | THB 88.8m | THB 104.4m | THB 105.3m |
| Diluted earnings per share | 0.23 | 0.15 | 0.19 | 0.02 | 0.18 | 0.14 | 0.14 | 0.14 | 0.17 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.25bn | THB 1.29bn | THB 1.23bn | THB 1.32bn | THB 1.28bn | THB 1.18bn | THB 1.14bn | THB 1.16bn | THB 931.6m | THB 923.3m |
| Cash and short-term investments | THB 33.8m | THB 44.3m | THB 33.7m | THB 34.0m | THB 37.9m | THB 43.8m | THB 63.2m | THB 72.1m | THB 80.0m | THB 78.6m |
| Total liabilities | THB 595.9m | THB 666.9m | THB 615.8m | THB 734.0m | THB 597.9m | THB 561.9m | THB 529.1m | THB 539.4m | THB 315.4m | THB 319.5m |
| Debt | THB 285.3m | THB 334.2m | THB 302.3m | THB 436.7m | THB 299.3m | THB 240.4m | THB 247.7m | THB 273.3m | THB 39.7m | THB 64.4m |
| Shareholders' equity | THB 652.4m | THB 622.5m | THB 616.3m | THB 586.5m | THB 682.4m | THB 619.2m | THB 613.0m | THB 616.7m | THB 616.2m | THB 603.8m |
| Shares outstanding | 600m | 602m | 600m | 600m | 600m | 597m | 617m | 633m | 616m | 558m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 183.6m | THB 92.8m | THB 251.2m | −THB 4.9m | THB 5.2m | THB 155.5m | THB 122.7m | THB 82.3m | THB 168.9m | THB 116.1m |
| Capital spending | −THB 29.2m | −THB 26.5m | −THB 20.6m | −THB 14.6m | −THB 4.6m | −THB 19.3m | −THB 13.4m | −THB 12.0m | −THB 9.3m | −THB 9.6m |
| Free cash flow | THB 154.4m | THB 66.3m | THB 230.6m | −THB 19.5m | THB 567,234 | THB 136.1m | THB 109.3m | THB 70.4m | THB 159.6m | THB 106.5m |
| Dividends paid | −THB 108.0m | −THB 84.0m | −THB 84.0m | −THB 108.0m | −THB 45.6m | −THB 80.0m | −THB 88.0m | −THB 88.0m | −THB 92.0m | −THB 88.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 532.0m | THB 504.3m | THB 602.3m | THB 535.0m | THB 584.3m | THB 571.2m | THB 604.6m | THB 461.4m |
| Gross profit | THB 127.2m | THB 119.5m | THB 131.7m | THB 122.3m | THB 125.8m | THB 124.4m | THB 137.2m | THB 99.4m |
| Operating income | THB 43.9m | THB 37.4m | THB 47.5m | THB 42.7m | THB 42.1m | THB 48.1m | THB 54.1m | THB 26.6m |
| Net income | THB 34.2m | THB 31.7m | THB 41.6m | THB 33.9m | THB 28.5m | THB 35.7m | THB 34.3m | THB 18.1m |
| Diluted earnings per share | 0.06 | 0.05 | 0.07 | 0.06 | 0.05 | 0.06 | 0.06 | 0.03 |
| Cash from operations | −THB 69.0m | THB 90.0m | THB 110.0m | THB 27.0m | — | THB 45.0m | THB 24.0m | THB 6.0m |
| Capital spending | −THB 11.0m | −THB 2.0m | −THB 9.0m | −THB 10.0m | −THB 6.0m | −THB 3.0m | −THB 9.0m | −THB 3.0m |
| Free cash flow | −THB 80.0m | THB 88.0m | THB 101.0m | THB 17.0m | — | THB 42.0m | THB 15.0m | THB 3.0m |
| Total assets | THB 1.30bn | THB 1.26bn | THB 1.25bn | THB 1.25bn | THB 1.30bn | THB 1.30bn | THB 1.29bn | THB 1.19bn |
| Cash and short-term investments | — | THB 38.9m | THB 33.8m | THB 34.8m | THB 38.9m | THB 34.6m | THB 44.3m | THB 43.3m |
| Debt | — | THB 198.2m | THB 282.5m | THB 375.3m | THB 342.7m | THB 277.8m | THB 327.9m | THB 339.0m |
| Shareholders' equity | THB 717.1m | THB 736.9m | THB 652.4m | THB 610.8m | THB 630.9m | THB 656.4m | THB 622.5m | THB 588.2m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.4% | 21.3% | 21.8% | 21.5% | 22.2% | 23.5% |
| Operating margin | 7.8% | 6.4% | 7.8% | 2.9% | 8.1% | 7.2% |
| Net margin | 6.1% | 4.3% | 5.6% | 0.5% | 6.1% | 5.0% |
| Return on equity | 21.4% | 14.5% | 18.5% | 1.6% | 15.9% | 13.6% |
| Return on assets | 11.2% | 7.0% | 9.2% | 0.7% | 8.5% | 7.2% |
| Free cash flow yield | 16.1% | 9.0% | 20.6% | 0.7% | 0.7% | 13.3% |
| Revenue growth | 8.7% | 3.1% | 0.9% | 13.5% | 5.8% | 3.3% |
| Earnings growth | 54.9% | -20.7% | 1109.8% | -91.3% | 28.6% | 0.2% |
| Current ratio | 1.63x | 1.47x | 1.50x | 1.35x | 1.42x | 1.54x |
| Debt to equity | 0.42x | 0.53x | 0.47x | 0.72x | 0.42x | 0.35x |
| Equity ratio | 52.3% | 48.3% | 50.0% | 44.4% | 53.3% | 52.4% |
| Interest coverage | 22.36x | 15.09x | 18.63x | 10.07x | 22.68x | 13.40x |
| Buybacks as a share of market value | 0.3% | -0.3% | 0.0% | 0.0% | -0.5% | 3.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.2% | 6.3% | 4.8% |
| Operating income | 40.7% | 7.8% | 4.8% |
| Net income | 145.8% | 10.6% | 4.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.4% | 21.5% | 21.9% | 22.2% |
| Operating margin | 7.2% | 6.4% | 6.7% | 7.1% |
| Net margin | 5.2% | 4.2% | 4.6% | 5.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.9 | 13.5 | 11.5 | 158.2 | 13.0 | 12.2 | 10.1 | 13.2 | 14.8 | 11.2 |
| Price to sales | 0.5 | 0.6 | 0.6 | 0.7 | 0.8 | 0.6 | 0.5 | 0.7 | 0.9 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 5 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.09 | 0.18 | 0.14 | 0.14 | 0.18 | 0.081 | 0.133 | 0.147 |
- 3-for-2 split · 26 Aug 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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