New Risk • May 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (฿882.0m market cap, or US$27.0m). New Risk • May 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% 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 (31% accrual ratio). Minor Risk Market cap is less than US$100m (฿927.0m market cap, or US$28.4m). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿1.19, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 10x in the Electrical industry in Thailand. Total returns to shareholders of 81% over the past three years. Declared Dividend • Feb 28
Dividend of ฿0.025 announced Shareholders will receive a dividend of ฿0.025. Ex-date: 10th March 2026 Payment date: 19th May 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 69% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Feb 27
CPT Drives and Power Public Company Limited announces Annual dividend, payable on May 19, 2026 CPT Drives and Power Public Company Limited announced Annual dividend of THB 0.0250 per share payable on May 19, 2026, ex-date on March 10, 2026 and record date on March 11, 2026. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: ฿0.086 (vs ฿0.079 in FY 2024) Full year 2025 results: EPS: ฿0.086 (up from ฿0.079 in FY 2024). Revenue: ฿991.6m (up 1.8% from FY 2024). Net income: ฿77.1m (up 7.9% from FY 2024). Profit margin: 7.8% (up from 7.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 25
CPT Drives and Power Public Company Limited, Annual General Meeting, Apr 20, 2026 CPT Drives and Power Public Company Limited, Annual General Meeting, Apr 20, 2026, at 10:00 SE Asia Standard Time. Location: at the companys branch office located at 26/16, moo 11, khlong nueng sub-district, khlong luang district,pathum thani province, Thailand Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0.016 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.017 (up from ฿0.016 in 2Q 2024). Revenue: ฿161.5m (down 30% from 2Q 2024). Net income: ฿15.6m (up 10.0% from 2Q 2024). Profit margin: 9.7% (up from 6.1% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.018 (vs ฿0.017 in 1Q 2024) First quarter 2025 results: EPS: ฿0.018 (up from ฿0.017 in 1Q 2024). Revenue: ฿170.5m (down 26% from 1Q 2024). Net income: ฿16.3m (up 5.7% from 1Q 2024). Profit margin: 9.6% (up from 6.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 24
CPT Drives and Power Public Company Limited Approves Dividend Payment for 2024, Payable on May 20, 2025 CPT Drives and Power Public Company Limited at its Annual General Meeting of Shareholders, held on 24 April 2024, approved the appropriation of net profit as a legal reserve in the amount of THB 3,576,217.50 and the dividend payment at the rate of THB 0.025 per share, totaling not more than THB 22,500,000. The record date to determine the shareholders entitled to receive the dividend was set for March 12, 2025, and the dividend payment date was scheduled for May 20, 2025. Board Change • Mar 29
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Bunchon Chawansin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 20
CPT Drives and Power Public Company Limited Announces Chief Financial Officer Changes CPT Drives and Power Public Company Limited announced the termination of Miss. Natchanan Thianchaitrakul as Chief Financial Officer of the company with effect from March 20, 2025. The company appointed Miss. Haruthai Limprasert as Chief Financial Officer (Acting) of the company with effect from March 20, 2025. Declared Dividend • Feb 27
Dividend of ฿0.025 announced Shareholders will receive a dividend of ฿0.025. Ex-date: 11th March 2025 Payment date: 20th May 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Feb 26
CPT Drives and Power Public Company Limited Proposes Cash Dividend for the Period from January 1, 2024 to December 31, 2024, Payable on May 20, 2025 CPT Drives and Power Public Company Limited proposed cash dividend of THB 0.025 per share for the period from January 1, 2024 to December 31, 2024. Record date for the right to receive dividends is March 12, 2025. Ex-dividend date is March 11, 2025. Payment date is May 20, 2025, at the AGM to be held on April 22, 2025. Ankündigung • Feb 25
CPT Drives and Power Public Company Limited, Annual General Meeting, Apr 22, 2025 CPT Drives and Power Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:00 SE Asia Standard Time. New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿900.0m market cap, or US$26.0m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ฿0.025 (vs ฿0.014 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.025 (up from ฿0.014 in 3Q 2023). Revenue: ฿260.9m (down 5.1% from 3Q 2023). Net income: ฿22.4m (up 83% from 3Q 2023). Profit margin: 8.6% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • Oct 11
Mongkon Ampornpaisit, Haruthai Limprasert and Chaiyot Piyawannarat made an offer to acquire remaining 47.84% stake in CPT Drives and Power Public Company Limited (SET:CPT) from a group of shareholders for THB 430 million. Mongkon Ampornpaisit, Haruthai Limprasert and Chaiyot Piyawannarat made an offer to acquire remaining 47.84% stake in CPT Drives and Power Public Company Limited (SET:CPT) from a group of shareholders for THB 430 million on October 10, 2024. The buyers will purchase remaining 430.55 million shares at THB 1 per share. The offerors have sufficient sources of funds for this Tender Offer. The expected completion of the transaction is November 18, 2024. Kudun and Partner Co., Ltd. acted as legal advisor for CPT Drives and Power Public Company Limited. Beyond Securities Public Company Limited is acting as the Tender Offer Preparer and Thanachart Securities Public Company Limited is acting as the Tender Offer Agent in the deal. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.016 (vs ฿0.04 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.016 (down from ฿0.04 in 2Q 2023). Revenue: ฿231.0m (down 37% from 2Q 2023). Net income: ฿14.2m (down 60% from 2Q 2023). Profit margin: 6.1% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Jun 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿684.0m market cap, or US$18.6m). Ankündigung • Jun 14
CPT Drives and Power Public Company Limited Announces Board Changes CPT Drives and Power Public Company Limited announced that at its board meeting held on June 13, 2024, had passed the following significant resolutions: Acknowledged the resignation of Mr. Noppadol Wichienkuer from the position of director, effective from June 13, 2024; Approved the appointment of director in replacement of the resigned director, effective from June 13, 2024 onwards, as follows: Mr. Park Wonjoo, a representative of the new shareholder, namely Real D&C Co. Ltd., as the director replacing Mr. Noppadol Wichienkuer, shall hold office only for the remaining term of the director he replaces. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ฿0.017 (vs ฿0.007 in 1Q 2023) First quarter 2024 results: EPS: ฿0.017 (up from ฿0.007 in 1Q 2023). Revenue: ฿230.8m (down 24% from 1Q 2023). Net income: ฿15.4m (up 158% from 1Q 2023). Profit margin: 6.7% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • May 11
CPT Drives and Power Public Company Limited Appoints Pakamas Chimlek as Additional Company Secretary According to the resolution of the Board of Director's meeting CPT Drives and Power Public Company Limited No. 2/2024 On May 10, 2024 it was resolved to appointment Ms. Pakamas Chimlek as additional company secretary will be effective from May 10, 2024 onwards. Ankündigung • Apr 26
CPT Drives and Power Public Company Limited Approves Dividend for the Fiscal Year Ended December 31, 2023 CPT Drives and Power Public Company Limited's AGM held on 24 April 2024, approved dividend payment at the rate of THB 0.025 per share for the fiscal year ended December 31, 2023, totaling not more than THB 22,500,000 and net profits allocated as legal reserve in the amount of THB 3,858,712.90. Upcoming Dividend • Feb 29
Upcoming dividend of ฿0.025 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 24 May 2024. The company last paid an ordinary dividend in February 2018. The average dividend yield among industry peers is 4.0%. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: ฿0.086 (vs ฿0.05 loss in FY 2022) Full year 2023 results: EPS: ฿0.086 (up from ฿0.05 loss in FY 2022). Revenue: ฿1.20b (down 11% from FY 2022). Net income: ฿77.2m (up ฿122.4m from FY 2022). Profit margin: 6.4% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿585.0m market cap, or US$16.5m). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.014 (vs ฿0.024 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿0.014 (up from ฿0.024 loss in 3Q 2022). Revenue: ฿275.1m (down 37% from 3Q 2022). Net income: ฿12.2m (up ฿33.7m from 3Q 2022). Profit margin: 4.4% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.001 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.04 (up from ฿0.001 loss in 2Q 2022). Revenue: ฿364.9m (up 11% from 2Q 2022). Net income: ฿35.7m (up ฿36.6m from 2Q 2022). Profit margin: 9.8% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Ankündigung • Aug 11
CPT Drives and Power Public Company Limited Announces Appointment the Company Secretary The board of directors of CPT Drives and Power Public Company Limited at its meeting held on August 10, 2023 it was resolved to appointment Ms. Piyawadee Yarnwaree and Ms. Nathamon Thanyabowornjinda as Company Secretarywill be effective from 10 August 2023 onwards. Ankündigung • Jun 14
CPT Drives and Power Public Company Limited Announces Resignation of Pakamas Chimlek from the Position of the Company Secretary CPT Drives and Power Public Company Limited announced that Miss Pakamas Chimlek has resigned from the position of the Company Secretary. The resignation will be effective from 19 June 2023 onwards. Reported Earnings • Feb 23
Full year 2022 earnings released: ฿0.05 loss per share (vs ฿0.096 loss in FY 2021) Full year 2022 results: ฿0.05 loss per share (improved from ฿0.096 loss in FY 2021). Revenue: ฿1.35b (up 71% from FY 2021). Net loss: ฿45.3m (loss narrowed 47% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. CEO & Director Chaiyot Piyawannarat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: ฿0.024 loss per share (vs ฿0.039 loss in 3Q 2021) Third quarter 2022 results: ฿0.024 loss per share (improved from ฿0.039 loss in 3Q 2021). Revenue: ฿437.4m (up 164% from 3Q 2021). Net loss: ฿21.5m (loss narrowed 39% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 10
CPT Drives and Power Public Company Limited Approves the Board Changes The Meeting of the Board of Directors of CPT Drives and Power Public Company Limited (the Company) held on November 9, 2022, resolved to approve the appointment of Mr. Chaiyot Piyawannarat as Chairman of the Executive Committee, Chairman of the Risk Management Committee, and resolved to approve the appointment of Ms. Haruthai Limprasert as Member of the Nomination and Remuneration Committee to replace Mr. Somsak Limprasert, who passed away on October 5, 2022. It is effective from November 9, 2022, onwards. Ankündigung • Oct 06
CPT Drives and Power Public Company Limited Announces Demise of Somsak Limprasert, Chairman of the Executive Committee, Chairman of the Risk Management Committee, Director, Member of the Nomination and Remuneration Committee CPT Drives and Power Public Company Limited announced that Mr. Somsak Limprasert, Chairman of the Executive Committee, Chairman of the Risk Management Committee, Director, Member of the Nomination and Remuneration Committee, has passed away on 5 October 2022. Reported Earnings • Aug 13
Second quarter 2022 earnings released: ฿0.001 loss per share (vs ฿0.008 loss in 2Q 2021) Second quarter 2022 results: ฿0.001 loss per share (up from ฿0.008 loss in 2Q 2021). Revenue: ฿330.1m (up 75% from 2Q 2021). Net loss: ฿983.5k (loss narrowed 86% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Worapoj Yodsatat was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.096 loss per share (down from ฿0.006 profit in FY 2020). Revenue: ฿787.3m (down 17% from FY 2020). Net loss: ฿86.1m (down ฿91.6m from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2021 earnings released: ฿0.018 loss per share (vs ฿0.016 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: ฿172.4m (up 39% from 1Q 2020). Net loss: ฿16.6m (loss widened 19% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 20
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿949.5m (up 63% from FY 2019). Net income: ฿5.53m (up ฿15.3m from FY 2019). Profit margin: 0.6% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 18
New 90-day high: ฿0.99 The company is up 21% from its price of ฿0.82 on 20 November 2020. The Thai market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ฿0.89 The company is up 16% from its price of ฿0.77 on 17 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 4.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS ฿0.013 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿309.2m (up 73% from 3Q 2019). Net income: ฿12.0m (up 144% from 3Q 2019). Profit margin: 3.9% (up from 2.8% in 3Q 2019). The increase in margin was driven by higher revenue. 