Reported Earnings • Mar 04
Full year 2025 earnings released: ฿0.28 loss per share (vs ฿0.033 profit in FY 2024) Full year 2025 results: ฿0.28 loss per share (down from ฿0.033 profit in FY 2024). Revenue: ฿829.9m (down 45% from FY 2024). Net loss: ฿153.1m (down ฿171.1m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. New Risk • Dec 04
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 13% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (฿248.2m market cap, or US$7.75m). Reported Earnings • Nov 14
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ฿164.7m (down 62% from 3Q 2024). Net loss: ฿5.14m (down 218% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. New Risk • Oct 16
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 6.6% 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 Risks Interest payments are not well covered by earnings (1.9x net interest cover). Market cap is less than US$10m (฿259.2m market cap, or US$7.96m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). New Risk • Sep 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿319.9m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Market cap is less than US$10m (฿319.9m market cap, or US$9.87m). Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.008 (vs ฿0.02 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.008 (down from ฿0.02 in 2Q 2024). Revenue: ฿211.9m (down 35% from 2Q 2024). Net income: ฿4.33m (down 61% from 2Q 2024). Profit margin: 2.0% (down from 3.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • May 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿325.4m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (23% average weekly change). Market cap is less than US$10m (฿325.4m market cap, or US$9.97m). Reported Earnings • May 11
First quarter 2025 earnings released: EPS: ฿0.008 (vs ฿0.015 in 1Q 2024) First quarter 2025 results: EPS: ฿0.008 (down from ฿0.015 in 1Q 2024). Revenue: ฿325.6m (flat on 1Q 2024). Net income: ฿4.69m (down 44% from 1Q 2024). Profit margin: 1.4% (down from 2.6% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ฿1.09, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 14x in the Construction industry in Thailand. Total loss to shareholders of 56% over the past three years. Ankündigung • Mar 03
Prosper Engineering Public Company Limited, Annual General Meeting, Apr 25, 2025 Prosper Engineering Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time. Location: at the company`s, branch office, (chatuchot), 131 nongrahaeng road, samwatawantok, khongsamwa, bangkok 10510 Thailand Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: ฿0.033 (vs ฿0.37 loss in FY 2023) Full year 2024 results: EPS: ฿0.033 (up from ฿0.37 loss in FY 2023). Revenue: ฿1.50b (up 78% from FY 2023). Net income: ฿18.0m (up ฿219.1m from FY 2023). Profit margin: 1.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. New Risk • Feb 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿325.4m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (฿325.4m market cap, or US$9.59m). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). New Risk • Jan 16
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿413.7m market cap, or US$12.0m). Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.001 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.008 (up from ฿0.001 in 3Q 2023). Revenue: ฿427.6m (up 102% from 3Q 2023). Net income: ฿4.38m (up ฿4.04m from 3Q 2023). Profit margin: 1.0% (up from 0.2% 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 35% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.36 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.02 (up from ฿0.36 loss in 2Q 2023). Revenue: ฿323.5m (up 149% from 2Q 2023). Net income: ฿11.1m (up ฿209.2m from 2Q 2023). Profit margin: 3.4% (up from net loss in 2Q 2023). The move to profitability was primarily 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 44 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 01
Prosper Engineering Public Company Limited Appoints Wacharapol Rujirek as Chief Financial Officer, Effective 1 March 2024 Prosper Engineering Public Company Limited announced that Mr. Wacharapol Rujirek from the acting position to be appointed as the Chief Accounting and Finance Officer, From 1 March 2024 onwards. Reported Earnings • Feb 24
Full year 2023 earnings released: ฿0.37 loss per share (vs ฿0.25 loss in FY 2022) Full year 2023 results: ฿0.37 loss per share (further deteriorated from ฿0.25 loss in FY 2022). Revenue: ฿839.9m (down 38% from FY 2022). Net loss: ฿201.1m (loss widened 48% from FY 2022). Ankündigung • Feb 24
Prosper Engineering Public Company Limited, Annual General Meeting, Apr 19, 2024 Prosper Engineering Public Company Limited, Annual General Meeting, Apr 19, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider the Matters to be informed by the Chairman in the meeting; To consider and certify the minutes of the 2023 Annual General Meeting of Shareholders, held on December 21, 2022; to acknowledge the report of the Company's Operation for the year ended December 31, 2023 and to consider and approve the financial statements for the year ended December 31, 2023; and to consider other matters. Ankündigung • Dec 01
Prosper Engineering Public Company Limited Announces CFO Changes Prosper Engineering Public Company Limited announced CFO changes by appointing Wacharapol Rujirek in place of Adisak Naruprempree. Effective Date of Appointment is 1 December 2023. Effective Date of Termination is 30 November 2023. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.001 (vs ฿0.016 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.001 (down from ฿0.016 in 3Q 2022). Revenue: ฿212.1m (down 52% from 3Q 2022). Net income: ฿333.0k (down 96% from 3Q 2022). Profit margin: 0.2% (down from 2.0% in 3Q 2022). The decrease in margin was driven by lower revenue. New Risk • Oct 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿352.8m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿281m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 78% per year over the past 5 years. Market cap is less than US$10m (฿352.8m market cap, or US$9.78m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Oct 07
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 8.2% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-฿281m free cash flow). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 78% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (฿617.5m market cap, or US$16.7m). New Risk • Aug 16
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 7.5% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-฿281m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 78% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (฿672.6m market cap, or US$19.0m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: ฿0.36 loss per share (vs ฿0.15 loss in 2Q 2022) Second quarter 2023 results: ฿0.36 loss per share (further deteriorated from ฿0.15 loss in 2Q 2022). Revenue: ฿130.2m (down 48% from 2Q 2022). Net loss: ฿198.1m (loss widened 145% from 2Q 2022). New Risk • Aug 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 73% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (฿964.8m market cap, or US$28.1m). Reported Earnings • May 18
First quarter 2023 earnings released: ฿0.012 loss per share (vs ฿0.038 loss in 1Q 2022) First quarter 2023 results: ฿0.012 loss per share (improved from ฿0.038 loss in 1Q 2022). Revenue: ฿237.9m (down 9.7% from 1Q 2022). Net loss: ฿6.74m (loss narrowed 67% from 1Q 2022). Ankündigung • May 09
Prosper Engineering Public Company Limited Announces Executive Changes Prosper Engineering Public Company Limited announced termination of Mr. Wacharapol Rujirek as chief financial officer (Acting). Effective date of termination is May 2, 2023. The company announced appointment of Mr. Adisak Naruprempree as chief financial officer. Effective date of appointment is May 2, 2023. Reported Earnings • Feb 27
Full year 2022 earnings released: ฿0.25 loss per share (vs ฿0.074 profit in FY 2021) Full year 2022 results: ฿0.25 loss per share (down from ฿0.074 profit in FY 2021). Revenue: ฿1.35b (up 31% from FY 2021). Net loss: ฿135.9m (down 471% from profit in FY 2021). Board Change • Jan 10
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 an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Narong Dechathanarujikorn was the last independent director to join the board, commencing their role in 2021. 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 • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.016 (vs ฿0.011 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.016 (up from ฿0.011 in 3Q 2021). Revenue: ฿442.9m (up 87% from 3Q 2021). Net income: ฿8.86m (up 49% from 3Q 2021). Profit margin: 2.0% (down from 2.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ฿0.016 (vs ฿0.011 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.016 (up from ฿0.011 in 3Q 2021). Revenue: ฿442.9m (up 87% from 3Q 2021). Net income: ฿8.86m (up 49% from 3Q 2021). Profit margin: 2.0% (down from 2.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ฿2.16, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 29x in the Construction industry in Thailand. Upcoming Dividend • Mar 03
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 20 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.07 (down from ฿0.12 in FY 2020). Revenue: ฿1.03b (up 9.3% from FY 2020). Net income: ฿36.7m (down 25% from FY 2020). Profit margin: 3.6% (down from 5.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.011 (vs ฿0.056 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿237.1m (down 21% from 3Q 2020). Net income: ฿5.95m (down 73% from 3Q 2020). Profit margin: 2.5% (down from 7.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 16% share price gain to ฿3.60, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 30x in the Construction industry in Thailand. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.057 (vs ฿0.005 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿245.2m (up 45% from 1Q 2020). Net income: ฿22.9m (up ฿21.0m from 1Q 2020). Profit margin: 9.3% (up from 1.1% in 1Q 2020). The increase in margin was driven by higher revenue. 
