15.80
-1.25%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.63bn
FY2016FY2025
Net income
THB 242.8m
FY2016FY2025
Free cash flow
THB 240.1m
FY2016FY2025
Shareholders' equity
THB 1.39bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.63bn | THB 2.67bn | THB 2.65bn | THB 2.58bn | THB 2.25bn | THB 1.89bn | THB 2.07bn | THB 2.21bn | THB 2.15bn | THB 1.94bn |
| Gross profit | THB 549.7m | THB 687.3m | THB 811.0m | THB 560.1m | THB 514.1m | THB 363.1m | THB 344.8m | THB 311.7m | THB 277.7m | THB 275.6m |
| Operating income | THB 261.1m | THB 201.6m | THB 155.2m | THB 140.6m | THB 122.5m | THB 197.3m | THB 172.7m | THB 155.0m | THB 121.3m | THB 146.1m |
| Net income | THB 242.8m | THB 172.4m | THB 123.0m | THB 109.4m | THB 97.7m | THB 158.2m | THB 138.9m | THB 128.2m | THB 111.5m | THB 113.7m |
| Diluted earnings per share | 2.26 | 1.60 | 1.14 | 1.01 | 0.92 | 1.47 | 1.29 | 1.19 | 1.04 | 1.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.96bn | THB 1.81bn | THB 1.60bn | THB 1.58bn | THB 1.47bn | THB 1.41bn | THB 1.25bn | THB 1.23bn | THB 1.16bn | THB 1.07bn |
| Cash and short-term investments | THB 733.4m | THB 562.8m | THB 247.6m | THB 414.8m | THB 369.6m | THB 370.4m | THB 253.0m | THB 142.5m | THB 171.2m | THB 149.8m |
| Total liabilities | THB 570.3m | THB 593.1m | THB 497.1m | THB 555.9m | THB 529.1m | THB 526.0m | THB 479.0m | THB 552.4m | THB 592.0m | THB 585.3m |
| Debt | THB 6.1m | THB 7.1m | THB 7.6m | THB 10.0m | THB 9.9m | THB 7.2m | THB 4.6m | THB 5.1m | THB 6.9m | THB 23.6m |
| Shareholders' equity | THB 1.39bn | THB 1.22bn | THB 1.10bn | THB 1.02bn | THB 940.4m | THB 886.2m | THB 771.5m | THB 673.6m | THB 571.3m | THB 480.3m |
| Shares outstanding | 108m | 108m | 108m | 108m | 107m | 108m | 108m | 108m | 108m | 108m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 301.7m | THB 458.9m | −THB 24.2m | THB 142.6m | THB 91.7m | THB 205.0m | THB 196.6m | THB 81.9m | THB 117.0m | THB 252.1m |
| Capital spending | −THB 61.7m | −THB 95.5m | −THB 102.0m | −THB 62.2m | −THB 41.2m | −THB 47.4m | −THB 52.8m | −THB 82.9m | −THB 53.9m | −THB 53.1m |
| Free cash flow | THB 240.1m | THB 363.4m | −THB 126.2m | THB 80.4m | THB 50.5m | THB 157.6m | THB 143.8m | −THB 1.0m | THB 63.1m | THB 199.0m |
| Dividends paid | −THB 65.5m | −THB 44.3m | −THB 37.2m | −THB 31.3m | −THB 47.5m | −THB 37.7m | −THB 32.3m | −THB 25.8m | −THB 20.4m | −THB 8.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 723.4m | THB 740.5m | THB 699.5m | THB 699.5m | THB 729.8m | THB 734.9m | THB 746.5m | THB 720.3m |
| Gross profit | THB 200.9m | THB 220.3m | THB 188.0m | THB 190.1m | THB 190.8m | THB 210.2m | THB 185.5m | THB 167.9m |
| Operating income | THB 66.4m | THB 84.6m | THB 57.2m | THB 66.1m | THB 67.4m | THB 81.7m | THB 63.7m | THB 35.1m |
| Net income | THB 80.3m | THB 69.6m | THB 48.0m | THB 52.7m | THB 77.3m | THB 64.8m | THB 50.7m | THB 27.8m |
| Diluted earnings per share | 0.75 | 0.65 | 0.45 | 0.49 | 0.72 | 0.60 | 0.47 | 0.26 |
| Cash from operations | THB 110.0m | THB 34.0m | THB 41.0m | THB 133.0m | THB 124.0m | THB 1.0m | THB 87.0m | THB 99.0m |
| Capital spending | −THB 13.0m | −THB 15.0m | −THB 23.0m | −THB 13.0m | −THB 14.0m | −THB 14.0m | −THB 19.0m | −THB 20.0m |
| Free cash flow | THB 97.0m | THB 19.0m | THB 18.0m | THB 120.0m | THB 110.0m | −THB 13.0m | THB 68.0m | THB 79.0m |
| Total assets | THB 2.06bn | THB 2.04bn | THB 1.96bn | THB 1.94bn | THB 1.84bn | THB 1.84bn | THB 1.81bn | THB 1.74bn |
| Cash and short-term investments | — | THB 751.7m | THB 733.4m | THB 712.1m | THB 592.7m | THB 548.6m | THB 562.8m | THB 495.5m |
| Debt | — | THB 2.6m | THB 6.6m | THB 7.3m | THB 7.9m | THB 8.3m | THB 3.6m | THB 3.6m |
| Shareholders' equity | THB 1.44bn | THB 1.46bn | THB 1.39bn | THB 1.35bn | THB 1.30bn | THB 1.29bn | THB 1.22bn | THB 1.18bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.9% | 25.8% | 30.6% | 21.7% | 22.8% | 19.2% |
| Operating margin | 9.9% | 7.6% | 5.8% | 5.5% | 5.4% | 10.5% |
| Net margin | 9.2% | 6.5% | 4.6% | 4.2% | 4.3% | 8.4% |
| Return on equity | 17.5% | 14.1% | 11.2% | 10.7% | 10.4% | 17.8% |
| Return on assets | 12.4% | 9.5% | 7.7% | 6.9% | 6.6% | 11.2% |
| Free cash flow yield | 21.2% | 32.4% | 4.5% | 11.9% | 7.8% | 14.8% |
| Revenue growth | -1.2% | 0.4% | 2.9% | 14.5% | 19.3% | -8.7% |
| Earnings growth | 40.8% | 40.1% | 12.4% | 12.0% | -38.2% | 13.9% |
| Current ratio | 3.47x | 2.82x | 2.93x | 2.52x | 2.45x | 2.31x |
| Debt to equity | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 70.9% | 67.3% | 68.9% | 64.8% | 64.0% | 62.8% |
| Interest coverage | 524.21x | 363.45x | 225.71x | 169.59x | 153.09x | 247.83x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.6% | -1.6% | 1.0% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.7% | 6.9% | 5.0% |
| Operating income | 22.9% | 5.8% | 18.8% |
| Net income | 30.4% | 8.9% | 18.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.3% | 24.8% | 23.8% | 19.8% |
| Operating margin | 8.7% | 7.2% | 7.3% | 7.0% |
| Net margin | 7.8% | 6.1% | 6.2% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.9 | 6.2 | 9.9 | 13.2 | 17.1 | 10.1 | 10.3 | 8.2 | 19.1 | 26.7 |
| Price to sales | 0.5 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 0.7 | 0.5 | 1.0 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 20 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.902 | 0.609 | 0.412 | 0.346 | 0.291 | 0.441 | 0.35 | 0.30 |
- 5-for-1 split · 10 May 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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