Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿7.70, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 11x in the Machinery industry in Thailand. Total loss to shareholders of 22% over the past three years. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: ฿0.78 (vs ฿1.07 in 1Q 2025) First quarter 2026 results: EPS: ฿0.78 (down from ฿1.07 in 1Q 2025). Revenue: ฿3.58b (down 23% from 1Q 2025). Net income: ฿281.9m (down 27% from 1Q 2025). Profit margin: 7.9% (down from 8.3% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: ฿1.31 (vs ฿0.26 loss in FY 2024) Full year 2025 results: EPS: ฿1.31 (up from ฿0.26 loss in FY 2024). Revenue: ฿9.61b (up 10% from FY 2024). Net income: ฿475.7m (up ฿569.9m from FY 2024). Profit margin: 4.9% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Ankündigung • Feb 19
SNC Former Public Company Limited, Annual General Meeting, Mar 31, 2026 SNC Former Public Company Limited, Annual General Meeting, Mar 31, 2026, at 10:30 SE Asia Standard Time. Location: at a meeting room of snc former public company, limited, 333/3 moo 6 bang phriang sub-district, bang bo district, samutprakarn, Thailand Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿7.00, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 9x in the Machinery industry in Thailand. Total loss to shareholders of 49% over the past three years. Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.02 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.14 (up from ฿0.02 in 2Q 2024). Revenue: ฿1.85b (down 26% from 2Q 2024). Net income: ฿51.8m (up ฿44.4m from 2Q 2024). Profit margin: 2.8% (up from 0.3% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. New Risk • Apr 29
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 9.1% 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 Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (฿2.37b market cap, or US$71.0m). Reported Earnings • Feb 19
Full year 2024 earnings released: ฿0.26 loss per share (vs ฿0.049 loss in FY 2023) Full year 2024 results: ฿0.26 loss per share (further deteriorated from ฿0.049 loss in FY 2023). Revenue: ฿8.73b (down 6.4% from FY 2023). Net loss: ฿94.3m (loss widened 430% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 18
Third quarter 2024 earnings released: ฿0.30 loss per share (vs ฿0.29 loss in 3Q 2023) Third quarter 2024 results: ฿0.30 loss per share (further deteriorated from ฿0.29 loss in 3Q 2023). Revenue: ฿1.49b (up 17% from 3Q 2023). Net loss: ฿108.0m (loss widened 1.6% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.14 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.02 (down from ฿0.14 in 2Q 2023). Revenue: ฿2.51b (up 4.7% from 2Q 2023). Net income: ฿7.33m (down 86% from 2Q 2023). Profit margin: 0.3% (down from 2.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.2% to ฿6.40. The fair value is estimated to be ฿8.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 15
First quarter 2024 earnings released: ฿0.07 loss per share (vs ฿0.27 profit in 1Q 2023) First quarter 2024 results: ฿0.07 loss per share (down from ฿0.27 profit in 1Q 2023). Revenue: ฿2.09b (down 47% from 1Q 2023). Net loss: ฿23.9m (down 125% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Feb 17
New major risk - Revenue and earnings growth Earnings have declined by 4.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 97% Earnings have declined by 4.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.08b market cap, or US$85.5m). Buy Or Sell Opportunity • Jan 24
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to ฿8.65. The fair value is estimated to be ฿7.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 4.7%. Ankündigung • Sep 28
SNC Former Public Company Limited Announces Resignation of Somjai Chaopanich as Independent Director SNC Former Public Company Limited announced that Mr. Somjai Chaopanich has resigned from Independent Director due to his other business engagement, effective from 27 September 2023 onwards. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.25 per share at 11% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (6.1%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.54 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.14 (down from ฿0.54 in 2Q 2022). Revenue: ฿2.39b (down 53% from 2Q 2022). Net income: ฿50.6m (down 74% from 2Q 2022). Profit margin: 2.1% (down from 3.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Ankündigung • Aug 12
SNC Former Public Company Limited Announces Cash Dividend for the Operating Period from January 1, 2023 to June 30, 2023, Payable on September 8, 2023 SNC Former Public Company Limited announced cash dividend of THB 0.25 per share on par value of THB 1.00 for the operating period from January 1, 2023 to June 30, 2023. Ex-dividend date is August 24, 2023. Payment date is September 8, 2023. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.27 (vs ฿0.77 in 1Q 2022) First quarter 2023 results: EPS: ฿0.27 (down from ฿0.77 in 1Q 2022). Revenue: ฿3.90b (down 43% from 1Q 2022). Net income: ฿97.0m (down 65% from 1Q 2022). Profit margin: 2.5% (down from 4.0% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿11.20, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 15x in the Machinery industry in Thailand. Total returns to shareholders of 54% over the past three years. Upcoming Dividend • Feb 23
Upcoming dividend of ฿0.40 per share at 9.0% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: ฿2.01 (vs ฿2.02 in FY 2021) Full year 2022 results: EPS: ฿2.01. Revenue: ฿19t (up ฿19t from FY 2021). Net income: ฿727.2b (up ฿726.6b from FY 2021). Profit margin: 3.8% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ฿14.10, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 21x in the Machinery industry in Thailand. Total returns to shareholders of 55% over the past three years. Ankündigung • Nov 05
SNC Former Public Company Limited Appoints Rattapoom Nuntapatawee as Director SNC Former Public Company Limited has passed a resolution on the appointment of Mr. Rattapoom Nuntapatawee as Director for replacement of director who resigned from the Company. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: ฿0.18 (vs ฿0.42 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.18 (down from ฿0.42 in 3Q 2021). Revenue: ฿2.63b (down 12% from 3Q 2021). Net income: ฿65.2m (down 52% from 3Q 2021). Profit margin: 2.5% (down from 4.5% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Ankündigung • Sep 27
SNC Former Public Company Limited Announces Resignation of Mr. Apichart Thongyou as Independent Director, Effective from 23 September 2022 SNC Former Public Company Limited announced that Mr. Apichart Thongyou has resigned from Independent Director due to his other business engagement, effective from 23 September 2022 onwards. The company will consider appointing a person to replace the director who resigned as appropriate. Upcoming Dividend • Aug 11
Upcoming dividend of ฿0.65 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (4.1%). Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: ฿0.54 (vs ฿0.57 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.54. Revenue: ฿5.10b (up 22% from 2Q 2021). Net income: ฿194.9m (up 19% from 2Q 2021). Profit margin: 3.8% (down from 3.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Ankündigung • Aug 06
Snc Former Public Company Limited Announces Interim Dividend for the Operating Period from 1 January 2022 to 30 June 2022, Payable on September 02, 2022 SNC Former Public Company Limited announced interim dividend payment for Common shareholders of THB 0.65 per share for the operating period from 1 January 2022 to 30 June 2022. The dividend will be paid on 02-Sep-2022. Record date for the right to receive dividends is 19-Aug-2022 and Ex-dividend date is 18-Aug-2022. Reported Earnings • May 14
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ฿0.76 (up from ฿0.52 in 1Q 2021). Revenue: ฿6.85b (up 91% from 1Q 2021). Net income: ฿277.0m (up 87% from 1Q 2021). Profit margin: 4.0% (down from 4.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 23
Upcoming dividend of ฿0.45 per share Eligible shareholders must have bought the stock before 02 March 2022. Payment date: 27 April 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 21
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ฿2.02 (up from ฿1.42 in FY 2020). Revenue: ฿15.4b (up 72% from FY 2020). Net income: ฿636.4m (up 56% from FY 2020). Profit margin: 4.1% (down from 4.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS ฿0.41 (vs ฿0.33 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: ฿3.09b (up 56% from 3Q 2020). Net income: ฿134.5m (up 41% from 3Q 2020). Profit margin: 4.4% (down from 4.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Ankündigung • Sep 01
SNC Former Shares Deleted from Other OTC SNC Former Public Company Limited Shares (Thailand) has been deleted from other OTC effective from August 30, 2021, due to Inactive Security. Upcoming Dividend • Aug 19
Upcoming dividend of ฿0.45 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 6.7%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.57 (vs ฿0.26 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿4.17b (up 47% from 2Q 2020). Net income: ฿164.2m (up 120% from 2Q 2020). Profit margin: 3.9% (up from 2.6% 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 1% per year whereas the company’s share price has fallen by 3% per year. Ankündigung • Aug 14
SNC Former Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 967.759 million. SNC Former Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 967.759 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,443,000
Price\Range: THB 13 Reported Earnings • May 09
First quarter 2021 earnings released: EPS ฿0.52 (vs ฿0.42 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ฿3.59b (up 53% from 1Q 2020). Net income: ฿148.3m (up 22% from 1Q 2020). Profit margin: 4.1% (down from 5.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Feb 23
Upcoming Dividend of ฿0.40 Per Share Will be paid on the 27th of April to those who are registered shareholders by the 2nd of March. The trailing yield of 5.7% is below the top quartile of Thai dividend payers (6.3%), but it is higher than industry peers (4.5%). Ankündigung • Feb 19
SNC Former Public Company Limited, Annual General Meeting, Mar 31, 2021 SNC Former Public Company Limited, Annual General Meeting, Mar 31, 2021, at 14:00 SE Asia Standard Time. Location: SNC Former Public Company Limited, 333/3 Moo 6, Bangreang District Amphur Bangbo Samut Prakarn Thailand Agenda: To acknowledge the operating results for the year 2020; to approve the statutory financial statements for the year 2020; to approve dividend payment for the year 2020; to elect new directors to replace the retired directors; to approve directors' remuneration; to appoint directors' remuneration. auditor and audit fee; and to consider other issues if any. Reported Earnings • Feb 18
Full year 2020 earnings released: EPS ฿1.42 (vs ฿2.51 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿8.96b (up 35% from FY 2019). Net income: ฿407.7m (down 44% from FY 2019). Profit margin: 4.5% (down from 11% 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 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ฿11.30, the stock is trading at a trailing P/E ratio of 9.9x, down from the previous P/E ratio of 11.7x. This compares to an average P/E of 18x in the Machinery industry in Thailand. Total returns to shareholders over the past three years were flat. Ankündigung • Dec 19
SNC Former Public Company Limited Announces Management Changes SNC Former Public Company Limited at its board meeting held on December 16, 2020, approved the appointment of Ms. Netchanok Thaisanguanvorakul to be the Company secretary in place of Ms. Kesarin Dechpan, effective from 16 December 2020. Is New 90 Day High Low • Dec 08
New 90-day high: ฿13.40 The company is up 36% from its price of ฿9.85 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: ฿10.80 The company is up 10.0% from its price of ฿9.80 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 5.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ฿0.33 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿1.99b (up 59% from 3Q 2019). Net income: ฿95.5m (down 78% from 3Q 2019). Profit margin: 4.8% (down from 35% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.