Reported Earnings • May 11
First quarter 2026 earnings released: EPS: ฿0.16 (vs ฿0.12 in 1Q 2025) First quarter 2026 results: EPS: ฿0.16 (up from ฿0.12 in 1Q 2025). Revenue: ฿3.37b (up 10% from 1Q 2025). Net income: ฿132.1m (up 37% from 1Q 2025). Profit margin: 3.9% (up from 3.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: ฿0.64 (vs ฿0.63 in FY 2024) Full year 2025 results: EPS: ฿0.64 (up from ฿0.63 in FY 2024). Revenue: ฿13.0b (up 11% from FY 2024). Net income: ฿527.9m (up 2.2% from FY 2024). Profit margin: 4.1% (down from 4.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 24
Lam Soon (Thailand) Public Company Limited announces Annual dividend, payable on May 08, 2026 Lam Soon (Thailand) Public Company Limited announced Annual dividend of THB 0.2200 per share payable on May 08, 2026, ex-date on March 09, 2026 and record date on March 10, 2026. Announcement • Feb 23
Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 10, 2026 Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 10, 2026, at 14:00 SE Asia Standard Time. Buy Or Sell Opportunity • Feb 13
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ฿4.78. The fair value is estimated to be ฿3.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.8%. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.23 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.22 (down from ฿0.23 in 3Q 2024). Revenue: ฿3.53b (up 12% from 3Q 2024). Net income: ฿181.4m (down 1.5% from 3Q 2024). Profit margin: 5.1% (down from 5.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ฿0.16 (vs ฿0.10 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.16 (up from ฿0.10 in 2Q 2024). Revenue: ฿3.21b (up 10% from 2Q 2024). Net income: ฿130.4m (up 60% from 2Q 2024). Profit margin: 4.1% (up from 2.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Aug 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.7% to ฿4.72. The fair value is estimated to be ฿3.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.15 in 1Q 2024) First quarter 2025 results: EPS: ฿0.12 (down from ฿0.15 in 1Q 2024). Revenue: ฿3.13b (up 9.4% from 1Q 2024). Net income: ฿96.6m (down 19% from 1Q 2024). Profit margin: 3.1% (down from 4.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Apr 13
Lam Soon (Thailand) Public Company Limited Approves Dividend for the Year 2024, Payable on April 30, 2025 Lam Soon (Thailand) Public Company Limited at its AGM held on 11 April 2025, resolved to approve the payment of dividend from net profit of the year 2024 to a total of 820,000,000 shares at the rate of THB 0.20 per share (derived from profit under non-BOI privilege at rate of THB 0.20 per share), equivalent to THB 164,000,000. The record date for the eligible Shareholders who have the right to receive the dividend will be on March 6, 2025 and the payment date shall be on April 30, 2025. Upcoming Dividend • Feb 26
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 05 March 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: ฿0.63 (vs ฿0.63 in FY 2023) Full year 2024 results: EPS: ฿0.63 (up from ฿0.63 in FY 2023). Revenue: ฿11.7b (up 7.5% from FY 2023). Net income: ฿516.6m (flat on FY 2023). Profit margin: 4.4% (down from 4.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ฿0.22 (vs ฿0.15 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.22 (up from ฿0.15 in 3Q 2023). Revenue: ฿3.14b (up 22% from 3Q 2023). Net income: ฿184.1m (up 47% from 3Q 2023). Profit margin: 5.9% (up from 4.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.13 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.10 (down from ฿0.13 in 2Q 2023). Revenue: ฿2.91b (up 5.8% from 2Q 2023). Net income: ฿81.8m (down 22% from 2Q 2023). Profit margin: 2.8% (down from 3.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Announcement • Apr 27
Lam Soon (Thailand) Public Company Limited Approves Payment of Dividend for the Year 2023, Payable on May 24, 2024 Lam Soon (Thailand) Public Company Limited held the Annual General Meeting of Shareholders on 26 April 2024 approved payment of dividend from net profit of the year 2023 to a total of 820,000,000 shares at the rate of TBH 0.25 per share (derived from profit under non-BOI privilege at rate of TBH 0.25 per share), equivalent to TBH 205,000,000. The record date for the eligible Shareholders who have the right to receive the dividend will be on March 25, 2024 and the payment date shall be on May 24, 2024. Upcoming Dividend • Mar 15
Upcoming dividend of ฿0.25 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (3.4%). Declared Dividend • Feb 26
Dividend of ฿0.25 announced Shareholders will receive a dividend of ฿0.25. Ex-date: 22nd March 2024 Payment date: 24th May 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: ฿0.63 (vs ฿0.53 in FY 2022) Full year 2023 results: EPS: ฿0.63 (up from ฿0.53 in FY 2022). Revenue: ฿10.9b (down 6.5% from FY 2022). Net income: ฿514.3m (up 19% from FY 2022). Profit margin: 4.7% (up from 3.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Feb 24
Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 26, 2024 Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 26, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and approve the Audited Statements of financial position and Statements of comprehensive income for the Year Ended December 31, 2023; to consider and approve the payment of dividends for the year 2023, and the appropriation of the net profits to the reserve fund in accordance with the law; to consider the election of directors to replace those directors whose term have expired; and to consider other matters. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. MD, Chief Risk Officer & Director Poomkiet Chotichaicharin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.13 (vs ฿0.09 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.13 (up from ฿0.09 in 2Q 2022). Revenue: ฿2.75b (down 16% from 2Q 2022). Net income: ฿105.0m (up 38% from 2Q 2022). Profit margin: 3.8% (up from 2.3% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.17 in 1Q 2022) First quarter 2023 results: EPS: ฿0.19 (up from ฿0.17 in 1Q 2022). Revenue: ฿2.91b (up 2.3% from 1Q 2022). Net income: ฿157.6m (up 13% from 1Q 2022). Profit margin: 5.4% (up from 4.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.19 per share at 5.0% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (3.1%). Announcement • Jan 06
Lam Soon (Thailand) Public Company Limited Announces Resignation of Sutasani Sukeechon as CFO, Effective 31 January 2023 Lam Soon (Thailand) Public Company Limited announced resignation of Miss Sutasani Sukeechon as CFO (Vice President - Account and Finance). Effective date is 31 January 2023. Buying Opportunity • Nov 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.8%. The fair value is estimated to be ฿6.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 9.5%. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.17 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.09 (down from ฿0.17 in 2Q 2021). Revenue: ฿3.27b (up 50% from 2Q 2021). Net income: ฿76.4m (down 46% from 2Q 2021). Profit margin: 2.3% (down from 6.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Lam Soon (Thailand) Public Company Limited Announces Executive Changes Lam Soon (Thailand) Public Company Limited informed that the Board of Directors' Meeting No.3/2022 held on May 13, 2022 passed the following resolutions: Acknowledged the resignation of Ms. Anchalee Suebchantasiri, Managing Director and Director, with effect from 1 June 2022 onwards; Appointed Mr. Poomkiet Chotichaicharin as Managing Director and Director, to replace Ms. Anchalee Suebchantasiri with effect from 1 June 2022 onwards; Mr. Poomkiet Chotichaicharin shall retain the directorship position only for the remaining tenure of Ms. Anchalee Suebchantasiri. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.13 in 1Q 2021) First quarter 2022 results: EPS: ฿0.17 (up from ฿0.13 in 1Q 2021). Revenue: ฿2.84b (up 17% from 1Q 2021). Net income: ฿139.7m (up 29% from 1Q 2021). Profit margin: 4.9% (up from 4.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Chairman of the Board Thira Wipuchanin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 03
Upcoming dividend of ฿0.25 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (5.2%). In line with average of industry peers (3.7%). Announcement • Feb 27
Lam Soon (Thailand) Public Company Limited Proposes Dividend for the Operating Year Ended December 31, 2021, Payable on April 28, 2022 Lam Soon (Thailand) Public Company Limited at the board of directors meeting held on February 25, 2022 approved the dividend payment for the operating year 2021 ended December 31, 2021 to the shareholders at the rate of THB 0.25 per share. The date of the dividend payment will be April 28, 2022. In this regard, the right to receive such dividend is uncertain as it has not been yet approved by the shareholders at the AGM to be held on April 8, 2022. The record date for the eligible shareholders who have the right to attend AGM and to receive the dividend payment will be on March 11, 2022. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: ฿0.68 (up from ฿0.47 in FY 2020). Revenue: ฿9.63b (up 42% from FY 2020). Net income: ฿558.6m (up 46% from FY 2020). Profit margin: 5.8% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: ฿0.68 (up from ฿0.47 in FY 2020). Revenue: ฿9.63b (up 42% from FY 2020). Net income: ฿558.6m (up 46% from FY 2020). Profit margin: 5.8% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Announcement • Feb 26
Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 08, 2022 Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 08, 2022, at 07:00 Coordinated Universal Time. Location: 6th Floor Conference Room, Head Office, No. 64 Soi Bangna-Trad 25, Khwaeng Bangna Nuea Khet Bangna, Bangkok 10260 Bangkok Thailand Agenda: To consider and adopt the minutes of the Annual General Meeting of Shareholders No. 1/2021 (Conducted Through Electronic Means); to acknowledge the company's operating results and Annual Registration Statement/Annual Report 2021; to consider and approve the audited statement of financial position and Statement of comprehensive income for the year ended December 31,2021; to consider and approve the payment of dividends for the year 2021, and the appropriation of net profit to the legal reserves in accordance with the law; to consider the election of directors to replace those directors whose term have expired; to consider and approve the remunerations for the Board of Directors and sub-Committees' members for the year 2022; and to consider other matters. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS ฿0.18 (vs ฿0.16 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿2.11b (up 31% from 3Q 2020). Net income: ฿144.0m (up 9.8% from 3Q 2020). Profit margin: 6.8% (down from 8.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.09 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.18b (up 26% from 2Q 2020). Net income: ฿141.7m (up 91% from 2Q 2020). Profit margin: 6.5% (up from 4.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.028 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿2.43b (up 43% from 1Q 2020). Net income: ฿108.2m (up 374% from 1Q 2020). Profit margin: 4.5% (up from 1.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS ฿0.47 (vs ฿0.59 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿6.80b (up 5.3% from FY 2019). Net income: ฿383.0m (down 21% from FY 2019). Profit margin: 5.6% (down from 7.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • Feb 26
Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 23, 2021 Lam Soon (Thailand) Public Company Limited, Annual General Meeting, Apr 23, 2021, at 12:30 Indian Standard Time. Location: 2nd floor conference room at the head office, no.64 Soi bangna-Trad 25 Khwaeng Bangna Nuea, Khet Bangna Bangkok Thailand Agenda: To consider the minutes of AGM No. 1/2020; to acknowledge the operating results and the annual report for the year 2020; to consider the audited statements of the financial position and statements of comprehensive income for the year ended December 31, 2020; to consider dividends for the year 2020; to elect directors; to approve directors remunerations for the year 2021; and to appoint auditors and remuneration for the year 2021. Is New 90 Day High Low • Jan 05
New 90-day high: ฿4.76 The company is up 9.0% from its price of ฿4.36 on 07 October 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is flat over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ฿4.56 The company is up 7.0% from its price of ฿4.28 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: ฿4.46 The company is up 1.0% from its price of ฿4.40 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is down 4.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS ฿0.16 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿1.61b (up 8.0% from 3Q 2019). Net income: ฿131.2m (up 4.5% from 3Q 2019). Profit margin: 8.1% (down from 8.4% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. 
