Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 19
Full year 2025 earnings released: EPS: ฿0.11 (vs ฿0.28 in FY 2024) Full year 2025 results: EPS: ฿0.11 (down from ฿0.28 in FY 2024). Revenue: ฿30.3b (up 10% from FY 2024). Net income: ฿308.3m (down 51% from FY 2024). Profit margin: 1.0% (down from 2.3% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Feb 18
Petchsrivichai Enterprise Public Company Limited announces Annual dividend, payable on May 20, 2026 Petchsrivichai Enterprise Public Company Limited announced Annual dividend of THB 0.0800 per share payable on May 20, 2026, ex-date on April 29, 2026 and record date on April 30, 2026. Announcement • Feb 17
Petchsrivichai Enterprise Public Company Limited, Annual General Meeting, Apr 22, 2026 Petchsrivichai Enterprise Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.034 (vs ฿0.086 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.034 (down from ฿0.086 in 3Q 2024). Revenue: ฿7.00b (down 21% from 3Q 2024). Net income: ฿94.5m (down 50% from 3Q 2024). Profit margin: 1.3% (down from 2.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Food industry in Thailand. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.049 (vs ฿0.05 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.049. Revenue: ฿11.2b (up 57% from 2Q 2024). Net income: ฿133.7m (up 33% from 2Q 2024). Profit margin: 1.2% (down from 1.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Food industry in Thailand. New Risk • May 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 16
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ฿0.01 (down from ฿0.052 in 1Q 2024). Revenue: ฿5.47b (down 15% from 1Q 2024). Net income: ฿27.8m (down 74% from 1Q 2024). Profit margin: 0.5% (down from 1.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Transportation industry in Asia. Announcement • Apr 24
Petchsrivichai Enterprise Public Company Limited Approves Dividend for the Year 2024, Payable on 20 May 2025 Petchsrivichai Enterprise Public Company Limited at its 2025 Annual General Meeting of Shareholders held on 22 April 2025. The Meeting approved the dividend payment for the year 2024 by paying a cash dividend from net profit at the rate of THB 0.15 per share. The total amount of THB 412.50 million, which representing 93.90% of the net profit after deducting all types of reserves as required by law. The Company has determined the Record Date of shareholders entitled to receive dividends on 30 April 2025. The dividend payment is scheduled to be paid on 20 May 2025 with a majority vote of the total number of shareholders present and voting (excluding the votes of those who abstained). Board Change • Mar 30
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 2 highly experienced directors. President, CEO, MD & Executive Director Prakit Prasitsupaphol is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 25
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ฿0.28 (up from ฿0.16 in FY 2023). Revenue: ฿27.5b (up 11% from FY 2023). Net income: ฿624.6m (up 101% from FY 2023). Profit margin: 2.3% (up from 1.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Transportation industry in Asia. New Risk • Feb 24
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.5% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Feb 22
Petchsrivichai Enterprise Public Company Limited announces Annual dividend, payable on May 20, 2025 Petchsrivichai Enterprise Public Company Limited announced Annual dividend of THB 0.1500 per share payable on May 20, 2025, ex-date on April 29, 2025 and record date on April 30, 2025. Announcement • Feb 21
Petchsrivichai Enterprise Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2024 to December 31, 2024, Payable on May 20, 2025 Petchsrivichai Enterprise Public Company Limited proposed cash dividend of THB 0.15 per share for the operating period from January 1, 2024 to December 31, 2024. Ex-dividend date is April 29, 2025. Payment date is May 20, 2025. Record date for the right to receive dividends is April 30, 2025. Reported Earnings • Nov 17
Third quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0.04 loss in 3Q 2022) Third quarter 2023 results: ฿0.001 loss per share (improved from ฿0.04 loss in 3Q 2022). Revenue: ฿4.95b (down 20% from 3Q 2022). Net loss: ฿2.47m (loss narrowed 97% from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Transportation industry in Asia. Buy Or Sell Opportunity • Nov 11
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at ฿2.98. The fair value is estimated to be ฿2.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 1,087% in the next 2 years. Announcement • Sep 13
Petchsrivichai Enterprise Public Company Limited has completed an IPO in the amount of THB 1.71 billion. Petchsrivichai Enterprise Public Company Limited has completed an IPO in the amount of THB 1.71 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 562,500,000
Price\Range: THB 2.28
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 187,500,000
Price\Range: THB 2.28
Transaction Features: Reserved Share Offering 
