3.66
+0.55%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 17.27bn
FY2016FY2025
Net income
THB 154.2m
FY2016FY2025
Free cash flow
THB 140.6m
FY2016FY2025
Shareholders' equity
THB 1.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 17.27bn | THB 18.77bn | THB 17.93bn | THB 15.32bn | THB 11.54bn | THB 11.88bn | THB 14.15bn | THB 14.73bn | THB 15.51bn | THB 16.43bn |
| Gross profit | THB 638.4m | THB 674.4m | THB 672.4m | THB 726.9m | THB 561.2m | THB 641.1m | THB 733.6m | THB 830.4m | THB 620.6m | THB 681.2m |
| Operating income | THB 214.9m | THB 204.6m | THB 188.4m | THB 162.7m | THB 119.3m | THB 219.9m | THB 245.8m | THB 155.2m | THB 144.2m | THB 55.6m |
| Net income | THB 154.2m | THB 143.7m | THB 125.5m | THB 119.2m | THB 98.8m | THB 170.1m | THB 290.5m | THB 321.5m | THB 132.0m | THB 57.0m |
| Diluted earnings per share | 0.30 | 0.28 | 0.25 | 0.23 | 0.19 | 0.33 | 0.56 | 0.62 | 0.25 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 6.81bn | THB 6.91bn | THB 7.18bn | THB 7.02bn | THB 6.43bn | THB 6.27bn | THB 6.05bn | THB 5.72bn | THB 5.61bn | THB 5.27bn |
| Cash and short-term investments | THB 726.9m | THB 728.3m | THB 754.2m | THB 890.5m | THB 713.7m | THB 858.7m | THB 1.07bn | THB 1.10bn | THB 833.5m | THB 551.8m |
| Total liabilities | THB 5.52bn | THB 5.59bn | THB 5.86bn | THB 5.66bn | THB 5.10bn | THB 4.98bn | THB 4.75bn | THB 4.72bn | THB 4.94bn | THB 4.74bn |
| Debt | THB 423.2m | THB 384.5m | THB 480.9m | THB 548.3m | THB 491.3m | THB 575.7m | THB 183.4m | THB 209.9m | THB 247.9m | THB 285.7m |
| Shareholders' equity | THB 1.29bn | THB 1.31bn | THB 1.31bn | THB 1.35bn | THB 1.31bn | THB 1.27bn | THB 1.28bn | THB 992.6m | THB 671.1m | THB 536.0m |
| Shares outstanding | 511m | 511m | 511m | 519m | 519m | 512m | 519m | 518m | 519m | 2,787m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 421.1m | THB 402.0m | THB 561.6m | THB 485.2m | THB 589.3m | THB 739.1m | THB 532.2m | THB 516.9m | THB 558.8m | THB 171.6m |
| Capital spending | −THB 280.6m | −THB 321.8m | −THB 501.6m | −THB 515.5m | −THB 374.0m | −THB 696.5m | −THB 363.0m | −THB 246.4m | −THB 265.2m | −THB 368.4m |
| Free cash flow | THB 140.6m | THB 80.2m | THB 60.0m | −THB 30.2m | THB 215.4m | THB 42.6m | THB 169.2m | THB 270.4m | THB 293.5m | −THB 196.7m |
| Dividends paid | −THB 153.1m | −THB 142.9m | −THB 129.6m | −THB 77.8m | −THB 103.7m | −THB 129.4m | −THB 129.4m | −THB 129.4m | −THB 129.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 4.00bn | THB 4.21bn | THB 4.33bn | THB 4.31bn | THB 4.18bn | THB 4.46bn | THB 4.71bn | THB 4.80bn |
| Gross profit | THB 181.9m | THB 182.0m | THB 162.3m | THB 177.7m | THB 157.0m | THB 183.7m | THB 179.4m | THB 175.9m |
| Operating income | THB 58.5m | THB 59.8m | THB 64.2m | THB 54.9m | THB 46.0m | THB 53.5m | THB 51.7m | THB 53.2m |
| Net income | THB 40.3m | THB 44.4m | THB 45.4m | THB 38.4m | THB 31.7m | THB 38.7m | THB 36.6m | THB 37.8m |
| Diluted earnings per share | 0.08 | 0.09 | 0.09 | 0.08 | 0.06 | 0.08 | 0.07 | 0.07 |
| Cash from operations | THB 106.0m | THB 283.0m | −THB 10.0m | THB 125.0m | THB 79.0m | THB 222.0m | THB 110.0m | THB 76.0m |
| Capital spending | −THB 100.0m | −THB 89.0m | −THB 70.0m | −THB 50.0m | −THB 108.0m | −THB 51.0m | −THB 66.0m | −THB 68.0m |
| Free cash flow | THB 6.0m | THB 194.0m | −THB 80.0m | THB 75.0m | −THB 29.0m | THB 171.0m | THB 44.0m | THB 8.0m |
| Total assets | THB 6.77bn | THB 6.84bn | THB 6.81bn | THB 6.72bn | THB 6.70bn | THB 6.84bn | THB 6.91bn | THB 6.79bn |
| Cash and short-term investments | THB 550.7m | THB 813.4m | THB 726.9m | THB 733.5m | THB 685.9m | THB 897.7m | THB 728.3m | THB 688.5m |
| Debt | THB 99.1m | THB 111.6m | THB 289.1m | THB 137.4m | THB 146.0m | THB 157.2m | THB 168.5m | THB 183.2m |
| Shareholders' equity | THB 1.22bn | THB 1.34bn | THB 1.29bn | THB 1.26bn | THB 1.22bn | THB 1.35bn | THB 1.31bn | THB 1.28bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.7% | 3.6% | 3.7% | 4.7% | 4.9% | 5.4% |
| Operating margin | -0.3% | 1.1% | 1.1% | 1.2% | 1.0% | 1.9% |
| Net margin | 0.9% | 0.8% | 0.7% | 0.8% | 0.9% | 1.4% |
| Return on equity | 11.9% | 10.9% | 9.5% | 8.8% | 7.5% | 13.4% |
| Return on assets | 2.3% | 2.1% | 1.7% | 1.7% | 1.5% | 2.7% |
| Free cash flow yield | 37.8% | 39.0% | 57.2% | 53.0% | 51.0% | 77.0% |
| Revenue growth | -8.0% | 4.7% | 17.0% | 32.8% | -2.8% | -16.1% |
| Earnings growth | 7.3% | 14.6% | 5.3% | 20.6% | -41.9% | -41.5% |
| Current ratio | 1.95x | 1.89x | 1.69x | 1.91x | 1.95x | 2.14x |
| Debt to equity | 0.17x | 0.13x | 0.18x | 0.19x | 0.12x | 0.16x |
| Equity ratio | 19.0% | 19.0% | 18.3% | 19.2% | 20.4% | 20.3% |
| Interest coverage | -2.21x | 8.35x | 6.90x | 7.22x | 4.58x | 10.64x |
| Buybacks as a share of market value | 0.0% | 0.0% | 1.5% | 0.0% | -1.3% | 1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.1% | 7.8% | -2.3% |
| Operating income | 9.7% | -0.5% | 6.1% |
| Net income | 9.0% | -1.9% | 4.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.6% | 3.9% | 4.2% | 4.4% |
| Operating margin | 1.2% | 1.1% | 1.2% | 1.0% |
| Net margin | 0.8% | 0.8% | 0.9% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.5 | 12.4 | 15.8 | 19.6 | 27.3 | 12.9 | 9.0 | 8.0 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 6 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.28 | 0.25 | 0.15 | 0.20 | 0.25 |
- 5.3241-to-1 reverse split · 18 Apr 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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