3.04
+1.33%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.08bn
FY2016FY2025
Net income
−THB 21.9m
FY2016FY2025
Free cash flow
THB 234.5m
FY2016FY2025
Shareholders' equity
THB 4.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.08bn | THB 2.34bn | THB 2.42bn | THB 2.44bn | THB 2.23bn | THB 2.28bn | THB 2.77bn | THB 3.59bn | THB 3.85bn | THB 2.63bn |
| Gross profit | THB 550.0m | THB 387.7m | THB 640.4m | THB 819.8m | THB 957.5m | THB 937.1m | THB 1.02bn | THB 1.36bn | THB 2.11bn | THB 1.14bn |
| Operating income | −THB 89.7m | −THB 236.1m | THB 59.5m | THB 275.7m | THB 440.1m | THB 208.2m | THB 214.9m | THB 504.3m | THB 1.25bn | THB 315.1m |
| Net income | −THB 21.9m | −THB 201.0m | THB 13.5m | THB 171.4m | THB 324.2m | THB 159.1m | THB 159.5m | THB 345.3m | THB 904.1m | THB 198.6m |
| Diluted earnings per share | -0.05 | -0.46 | 0.03 | 0.39 | 0.70 | 0.36 | 0.38 | 0.78 | 2.04 | 0.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 4.75bn | THB 4.90bn | THB 5.12bn | THB 5.20bn | THB 5.25bn | THB 5.15bn | THB 5.02bn | THB 6.22bn | THB 6.45bn | THB 5.42bn |
| Cash and short-term investments | THB 2.21bn | THB 2.03bn | THB 2.05bn | THB 2.46bn | THB 2.66bn | THB 2.28bn | THB 1.93bn | THB 1.98bn | THB 1.89bn | THB 1.24bn |
| Total liabilities | THB 591.2m | THB 721.8m | THB 692.9m | THB 632.5m | THB 625.6m | THB 649.7m | THB 524.5m | THB 1.67bn | THB 2.00bn | THB 2.44bn |
| Debt | THB 144.1m | THB 166.3m | THB 173.6m | THB 183.1m | THB 178.4m | THB 187.0m | THB 189.6m | THB 667.6m | THB 466.4m | THB 816.1m |
| Shareholders' equity | THB 4.16bn | THB 4.17bn | THB 4.43bn | THB 4.55bn | THB 4.62bn | THB 4.51bn | THB 4.48bn | THB 4.53bn | THB 4.43bn | THB 2.98bn |
| Shares outstanding | 442m | 442m | 442m | 442m | 462m | 436m | 421m | 442m | 444m | 424m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 295.8m | THB 254.7m | THB 489.5m | THB 401.2m | THB 784.4m | THB 658.8m | THB 625.0m | THB 1.21bn | THB 1.52bn | THB 862.0m |
| Capital spending | −THB 61.3m | −THB 233.3m | −THB 385.8m | −THB 312.1m | −THB 159.1m | −THB 152.9m | −THB 122.7m | −THB 882.4m | −THB 929.5m | −THB 917.7m |
| Free cash flow | THB 234.5m | THB 21.4m | THB 103.6m | THB 89.1m | THB 625.3m | THB 505.9m | THB 502.4m | THB 326.3m | THB 589.9m | −THB 55.6m |
| Dividends paid | — | −THB 39.7m | −THB 123.6m | −THB 256.1m | −THB 211.9m | −THB 132.5m | −THB 198.7m | −THB 397.1m | −THB 318.6m | −THB 62.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 465.8m | THB 361.3m | THB 562.7m | THB 478.3m | THB 526.9m | THB 509.4m | THB 727.3m | THB 509.7m |
| Gross profit | THB 91.8m | THB 84.3m | THB 146.7m | THB 150.5m | THB 147.2m | THB 105.6m | −THB 3.1m | THB 108.9m |
| Operating income | −THB 38.2m | −THB 42.3m | −THB 53.5m | THB 8.0m | THB 7.7m | −THB 16.3m | −THB 240.0m | −THB 21.8m |
| Net income | −THB 11.4m | −THB 39.9m | −THB 53.1m | THB 34.6m | THB 20.7m | −THB 24.1m | −THB 242.2m | −THB 17.3m |
| Diluted earnings per share | -0.03 | -0.09 | -0.12 | 0.08 | 0.05 | -0.05 | -0.55 | -0.04 |
| Cash from operations | THB 123.0m | THB 1.0m | THB 102.0m | −THB 7.0m | THB 3.0m | THB 194.0m | THB 77.0m | −THB 93.0m |
| Capital spending | −THB 8.0m | −THB 5.0m | −THB 15.0m | −THB 14.0m | −THB 49.0m | −THB 56.0m | −THB 35.0m | −THB 48.0m |
| Free cash flow | THB 115.0m | −THB 4.0m | THB 87.0m | −THB 21.0m | −THB 46.0m | THB 138.0m | THB 42.0m | −THB 141.0m |
| Total assets | THB 4.76bn | THB 4.75bn | THB 4.75bn | THB 4.84bn | THB 4.84bn | THB 4.94bn | THB 4.90bn | THB 5.21bn |
| Cash and short-term investments | THB 2.24bn | THB 2.18bn | THB 2.21bn | THB 2.15bn | THB 2.17bn | THB 2.15bn | THB 2.03bn | THB 2.00bn |
| Debt | THB 20.5m | THB 21.2m | THB 37.4m | THB 19.0m | THB 19.2m | THB 40.6m | THB 41.5m | THB 37.6m |
| Shareholders' equity | THB 4.11bn | THB 4.12bn | THB 4.16bn | THB 4.21bn | THB 4.17bn | THB 4.15bn | THB 4.17bn | THB 4.42bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.5% | 16.6% | 26.4% | 33.6% | 43.0% | 41.2% |
| Operating margin | -4.3% | -8.4% | 2.5% | 11.3% | 19.3% | 7.6% |
| Net margin | -1.1% | -8.6% | 0.6% | 7.0% | 14.6% | 7.0% |
| Return on equity | -0.5% | -4.8% | 0.3% | 3.8% | 7.0% | 3.5% |
| Return on assets | -0.5% | -4.1% | 0.3% | 3.3% | 6.2% | 3.1% |
| Free cash flow yield | 26.1% | 35.7% | 63.9% | 52.1% | 65.9% | 60.0% |
| Revenue growth | -11.2% | -3.4% | -0.7% | 9.5% | -2.2% | -17.8% |
| Earnings growth | -89.1% | -1591.3% | -92.1% | -47.1% | 103.8% | -0.2% |
| Current ratio | 9.44x | 6.43x | 6.59x | 9.29x | 10.08x | 8.25x |
| Debt to equity | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 87.6% | 85.2% | 86.4% | 87.5% | 88.0% | 87.4% |
| Interest coverage | -12.44x | -24.83x | 7.16x | 32.47x | 56.80x | 29.99x |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 4.4% | -5.8% | -3.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | -1.8% | -1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.2% | 25.8% | 31.1% | 37.7% |
| Operating margin | -7.4% | 0.1% | 4.8% | 11.0% |
| Net margin | -5.0% | -0.4% | 3.2% | 7.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -73.5 | -13.8 | 360.3 | 46.9 | 32.0 | 43.1 | 36.9 | 29.8 | 41.4 | 93.9 |
| Price to sales | 0.8 | 1.2 | 2.0 | 3.3 | 4.7 | 3.0 | 2.1 | 2.9 | 9.7 | 7.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Mar 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.09 | 0.28 | 0.58 | 0.48 | 0.30 | 0.45 | 0.90 | 0.758 |
- 7-for-5 split · 12 Mar 2015
- 5-for-4 split · 10 Mar 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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