Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ฿0.17 (vs ฿0.23 in 1Q 2025) First quarter 2026 results: EPS: ฿0.17 (down from ฿0.23 in 1Q 2025). Revenue: ฿1.12b (down 12% from 1Q 2025). Net income: ฿252.2m (down 24% from 1Q 2025). Profit margin: 23% (down from 26% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿8.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.85 per share. New Risk • Mar 03
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 9.0% 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 (9.0% average weekly change). Minor Risk Dividend is not well covered by earnings (95% payout ratio). Reported Earnings • Feb 14
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ฿0.70 (down from ฿1.11 in FY 2024). Revenue: ฿4.80b (down 8.1% from FY 2024). Net income: ฿1.03b (down 36% from FY 2024). Profit margin: 21% (down from 31% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Ankündigung • Feb 13
JMT Network Services Public Company Limited Proposes Cash Dividend for the Operating Period from 01 July 2025 to 31 December 2025, Payable on 06 May 2026 JMT Network Services Public Company Limited has already paid an interim dividend from the operating results for the first half of 2025 at the rate of THB 0.24 per share on 12 September 2025. In this regard, the Board of Directors' Meeting No. 1/2026 approved an additional dividend payment from the operating results for the second half of 2025 at the rate of THB 0.43 per share. The record date for shareholders entitled to receive the dividend is 4 March 2026, and the dividend payment date is scheduled for 6 May 2026. The entitlement to such dividend payment remains subject to approval by the Annual General Meeting of Shareholders to be held on 9 April 2026. Ex-dividend date is 02 March 2026. Paid from Operating period from 01 July 2025 to 31 December 2025. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ฿10.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.27 per share. Ankündigung • Feb 12
JMT Network Services Public Company Limited, Annual General Meeting, Apr 09, 2026 JMT Network Services Public Company Limited, Annual General Meeting, Apr 09, 2026, at 11:00 SE Asia Standard Time. Location: jaymart group holdings public company limited`s, meeting room, 2nd floor, building b, located at 189 jaymart building, ramkhamhaeng road, rat phatthana, sub-district, saphan sung district, bangkok Thailand Price Target Changed • Feb 07
Price target decreased by 11% to ฿9.49 Down from ฿10.64, the current price target is an average from 7 analysts. New target price is 14% above last closing price of ฿8.35. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.75 for next year compared to ฿1.11 last year. Buy Or Sell Opportunity • Jan 19
Now 22% overvalued Over the last 90 days, the stock has fallen 15% to ฿8.75. The fair value is estimated to be ฿7.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. New Risk • Jan 15
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 6.0% 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 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 (6.0% average weekly change). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿7.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Finance industry in Thailand. Total loss to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.13 per share. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ฿0.16 (down from ฿0.29 in 3Q 2024). Revenue: ฿1.17b (down 8.6% from 3Q 2024). Net income: ฿231.3m (down 46% from 3Q 2024). Profit margin: 20% (down from 33% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 05
Price target decreased by 11% to ฿12.67 Down from ฿14.23, the current price target is an average from 8 analysts. New target price is 37% above last closing price of ฿9.25. Stock is down 50% over the past year. The company is forecast to post earnings per share of ฿0.82 for next year compared to ฿1.11 last year. Major Estimate Revision • Aug 20
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.06b to ฿4.85b. EPS estimate also fell from ฿1.02 per share to ฿0.825 per share. Net income forecast to grow 6.8% next year vs 7.8% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿13.67. Share price fell 4.2% to ฿11.50 over the past week. Declared Dividend • Aug 16
First half dividend reduced to ฿0.24 Dividend of ฿0.24 is 37% lower than last year. Ex-date: 26th August 2025 Payment date: 12th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.25 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.17 (down from ฿0.25 in 2Q 2024). Revenue: ฿1.21b (down 7.5% from 2Q 2024). Net income: ฿246.5m (down 33% from 2Q 2024). Profit margin: 20% (down from 28% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Price Target Changed • Aug 07
Price target decreased by 8.5% to ฿13.82 Down from ฿15.09, the current price target is an average from 8 analysts. New target price is 14% above last closing price of ฿12.10. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of ฿1.02 for next year compared to ฿1.11 last year. Buy Or Sell Opportunity • Aug 06
Now 23% overvalued Over the last 90 days, the stock has fallen 7.5% to ฿12.40. The fair value is estimated to be ฿10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Buy Or Sell Opportunity • Jun 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to ฿8.90. The fair value is estimated to be ฿11.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿9.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.23 per share. Buy Or Sell Opportunity • Jun 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to ฿8.90. The fair value is estimated to be ฿11.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Major Estimate Revision • May 21
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.29b to ฿5.15b. EPS estimate also fell from ฿1.21 per share to ฿1.05 per share. Net income forecast to grow 6.8% next year vs 12% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿15.09 to ฿13.87. Share price fell 17% to ฿10.40 over the past week. Price Target Changed • May 17
Price target decreased by 8.1% to ฿13.87 Down from ฿15.09, the current price target is an average from 9 analysts. New target price is 28% above last closing price of ฿10.80. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.11 last year. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.23 (vs ฿0.29 in 1Q 2024) First quarter 2025 results: EPS: ฿0.23 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.27b (down 6.6% from 1Q 2024). Net income: ฿330.0m (down 21% from 1Q 2024). Profit margin: 26% (down from 31% in 1Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ฿10.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.08 per share. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿14.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.18 per share. Upcoming Dividend • Feb 18
Upcoming dividend of ฿0.28 per share Eligible shareholders must have bought the stock before 25 February 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 60% and the cash payout ratio is 88%. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.4%). Price Target Changed • Feb 13
Price target decreased by 9.1% to ฿15.83 Down from ฿17.41, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ฿13.20. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿1.21 for next year compared to ฿1.11 last year. Ankündigung • Feb 13
JMT Network Services Public Company Limited Announces Changes to Sub-Committee Names and Positions The Board of Directors meeting of JMT Network Services Public Company Limited No. 1/2025 held on February 11, 2025, a resolution was passed to change the names of the sub-committees and the titles of their members. The previous name of the subcommittee was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and the new name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. So, the position name changes are: Mr. Somsak Athisaitrakul’s Previous position was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and new position name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Mr.Piya Pong-acha’s Previous position name was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and New position name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Ms. Yuvadee Pong-acha’s previous position was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and new position is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. The previous name of the subcommittee was Audit committee, and the new name is The Risk Management and Audit Committee. So, the position name changes are: Mr. Rerngchai Inkapakorn’s previous position was Chairman of the Audit Committee and New position name are Chairman of the Risk Management and Audit Committee. Mr. Kanchit Kawachat’s previous position was Audit Committee, and new position is The Risk Management and Audit Committee. Mr. Somsak Athisaitrakul’s previous position was Audit Committee the Risk Management and Audit Committee. Reported Earnings • Feb 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ฿1.11 (down from ฿1.38 in FY 2023). Revenue: ฿5.23b (up 2.7% from FY 2023). Net income: ฿1.62b (down 20% from FY 2023). Profit margin: 31% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Jan 10
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 9.0% 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 (9.0% average weekly change). Minor Risk Dividend is not well covered by cash flows (107% cash payout ratio). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿14.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.30 per share. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿19.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.32 per share. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ฿0.29 (vs ฿0.32 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.29 (down from ฿0.32 in 3Q 2023). Revenue: ฿1.29b (down 1.7% from 3Q 2023). Net income: ฿429.9m (down 7.8% from 3Q 2023). Profit margin: 33% (down from 36% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. 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 33% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 08
Price target increased by 15% to ฿15.94 Up from ฿13.88, the current price target is an average from 8 analysts. New target price is 20% below last closing price of ฿20.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.13 for next year compared to ฿1.38 last year. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿21.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.08 per share. Buy Or Sell Opportunity • Sep 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ฿16.60. The fair value is estimated to be ฿13.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 6.0% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ฿13.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.31 per share. Major Estimate Revision • Aug 16
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿5.21b to ฿5.30b. EPS estimate fell from ฿1.21 to ฿1.02 per share. Net income forecast to shrink 3.9% next year vs 9.2% growth forecast for Consumer Finance industry in Thailand . Consensus price target down from ฿18.74 to ฿14.79. Share price rose 36% to ฿13.50 over the past week. Declared Dividend • Aug 14
First half dividend increased to ฿0.38 Dividend of ฿0.38 is 12% higher than last year. Ex-date: 22nd August 2024 Payment date: 5th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 13
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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.25 (vs ฿0.38 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.25 (down from ฿0.38 in 2Q 2023). Revenue: ฿1.31b (up 4.5% from 2Q 2023). Net income: ฿366.9m (down 33% from 2Q 2023). Profit margin: 28% (down from 44% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Ankündigung • Aug 10
JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2024 to 30 June 2024, Payable on 05 September 2024 JMT Network Services Public Company Limited declared Interim Dividend of THB 0.38 per share for the operating period from January 01, 2024 to June 30, 2024, payable on September 05, 2024. Record date for the right to receive dividends is August 23, 2024 and Ex-dividend date is August 22, 2024. Buy Or Sell Opportunity • Aug 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 46% to ฿11.30. The fair value is estimated to be ฿14.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿12.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.62 per share. Price Target Changed • Jun 19
Price target decreased by 7.6% to ฿18.74 Down from ฿20.29, the current price target is an average from 8 analysts. New target price is 28% above last closing price of ฿14.60. Stock is down 62% over the past year. The company is forecast to post earnings per share of ฿1.21 for next year compared to ฿1.38 last year. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿14.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.06 per share. Price Target Changed • May 17
Price target decreased by 9.6% to ฿26.17 Down from ฿28.96, the current price target is an average from 7 analysts. New target price is 50% above last closing price of ฿17.50. Stock is down 59% over the past year. The company is forecast to post earnings per share of ฿1.45 for next year compared to ฿1.38 last year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿17.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿17.52 per share. Buy Or Sell Opportunity • Apr 10
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to ฿23.40. The fair value is estimated to be ฿19.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Apr 10
Upcoming dividend of ฿0.49 per share Eligible shareholders must have bought the stock before 17 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.1%). Buy Or Sell Opportunity • Mar 14
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to ฿23.30. The fair value is estimated to be ฿19.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Declared Dividend • Feb 14
Final dividend reduced to ฿0.49 Dividend of ฿0.49 is 17% lower than last year. Ex-date: 11th April 2024 Payment date: 3rd May 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 13
Now 31% overvalued Over the last 90 days, the stock has fallen 3.3% to ฿24.90. The fair value is estimated to be ฿19.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Ankündigung • Feb 13
JMT Network Services Public Company Limited, Annual General Meeting, Apr 05, 2024 JMT Network Services Public Company Limited, Annual General Meeting, Apr 05, 2024, at 11:00 SE Asia Standard Time. Location: 2nd floor, Building B, Jaymart Group Holdings Public Company Limited No. 189 Jay Mart Building, Ramkhamhaeng Road, Rat Phatthana Subdistrict, Saphan Sung District Bangkok Thailand Agenda: To certify Minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the report on the Company's operating result for the year 2023; to consider and approve the audited financial statement for the year ended 31 December 2023; to consider and approve the payment of dividend derived from the operating result in respect of the year ended 31 December 2023; to consider and approve the appointment of directors to replace those retiring by rotation for the year 2024; and to consider other business matters. Reported Earnings • Feb 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ฿1.38 (up from ฿1.22 in FY 2022). Revenue: ฿5.09b (up 15% from FY 2022). Net income: ฿2.01b (up 15% from FY 2022). Profit margin: 40% (in line with FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. 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 19% per year, which means it is significantly lagging earnings. Ankündigung • Feb 12
JMT Network Services Public Company Limited Proposes Interim Dividend, Payable on May 3, 2024 JMT Network Services Public Company Limited at its board of directors meeting held on February 12, 2024, proposed to consider and approve pay dividends from retained earnings and net profit of 2023 to shareholders at the rate of THB 0.83 per share. In this regard, the company has already announced an interim dividend of THB 0.34 per share from the first half of 2023 operating results, so the remaining payment in this period is THB 0.49 per share. The list of shareholders entitled to dividends will be published on April 12, 2024, and the dividend will be paid on May 3, 2024. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿23.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿18.54 per share. Buy Or Sell Opportunity • Jan 24
Now 25% overvalued Over the last 90 days, the stock has fallen 26% to ฿22.50. The fair value is estimated to be ฿17.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 5.8%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿21.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿17.78 per share. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.31 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.32 (up from ฿0.31 in 3Q 2022). Revenue: ฿1.31b (up 19% from 3Q 2022). Net income: ฿466.3m (up 2.4% from 3Q 2022). Profit margin: 36% (down from 41% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Consumer Finance industry in Thailand. 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 8% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 11
Price target decreased by 20% to ฿37.50 Down from ฿46.60, the current price target is an average from 5 analysts. New target price is 39% above last closing price of ฿27.00. Stock is down 59% over the past year. The company is forecast to post earnings per share of ฿1.41 for next year compared to ฿1.22 last year. New Risk • Nov 10
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 9.2% 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 Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ฿27.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿20.09 per share. Price Target Changed • Oct 18
Price target decreased by 13% to ฿48.20 Down from ฿55.20, the current price target is an average from 5 analysts. New target price is 45% above last closing price of ฿33.25. Stock is down 49% over the past year. The company is forecast to post earnings per share of ฿1.47 for next year compared to ฿1.22 last year. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ฿38.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿21.62 per share. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.34 per share at 2.8% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Thai dividend payers (6.4%). In line with average of industry peers (3.0%). Ankündigung • Aug 11
JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 08 September 2023 JMT Network Services Public Company Limited declared Interim Dividend of THB 0.34 per share (Par value: THB 0.50) for the operating period from January 01, 2023 to June 30, 2023, payable on September 08, 2023 . Record date for the right to receive dividends August 25, 2023 and Ex-dividend date August 24, 2023. New Risk • Aug 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.30 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.38 (up from ฿0.30 in 2Q 2022). Revenue: ฿1.25b (up 15% from 2Q 2022). Net income: ฿551.0m (up 27% from 2Q 2022). Profit margin: 44% (up from 40% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿38.25, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total returns to shareholders of 49% over the past three years. Price Target Changed • Jul 04
Price target decreased by 9.9% to ฿58.33 Down from ฿64.75, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿38.25. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿1.44 for next year compared to ฿1.22 last year. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿33.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.86 per share. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ฿0.31 (vs ฿0.27 in 1Q 2022) First quarter 2023 results: EPS: ฿0.31 (up from ฿0.27 in 1Q 2022). Revenue: ฿1.15b (up 6.6% from 1Q 2022). Net income: ฿453.1m (up 24% from 1Q 2022). Profit margin: 39% (up from 34% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 04
Upcoming dividend of ฿0.59 per share at 2.6% yield Eligible shareholders must have bought the stock before 11 April 2023. Payment date: 02 May 2023. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (2.7%). Price Target Changed • Feb 25
Price target decreased by 14% to ฿70.13 Down from ฿81.38, the current price target is an average from 4 analysts. New target price is 48% above last closing price of ฿47.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.22 last year. Major Estimate Revision • Feb 16
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿5.46b to ฿4.77b. EPS estimate fell from ฿1.65 to ฿1.36 per share. Net income forecast to grow 12% next year vs 14% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿81.38 to ฿76.38. Share price fell 13% to ฿45.50 over the past week. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿42.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Consumer Finance industry in Thailand. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.59 per share. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ฿53.75, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Consumer Finance industry in Thailand. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿27.87 per share. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somsak Atisaitrakul was the last independent director to join the board, commencing their role in 2016. 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 12
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ฿1.10b (up 16% from 3Q 2021). Net income: ฿455.5m (up 30% from 3Q 2021). Profit margin: 41% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.49 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (5.4%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ฿0.30 (vs ฿0.26 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.30 (up from ฿0.26 in 2Q 2021). Revenue: ฿1.09b (up 33% from 2Q 2021). Net income: ฿433.3m (up 50% from 2Q 2021). Profit margin: 40% (up from 35% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 16
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: ฿0.27. Revenue: ฿1.08b (up 33% from 1Q 2021). Net income: ฿367.0m (up 30% from 1Q 2021). Profit margin: 34% (in line with 1Q 2021). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 27%, compared to a 36% growth forecast for the industry in Thailand. Price Target Changed • Apr 27
Price target increased to ฿83.40 Up from ฿76.00, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ฿86.00. Stock is up 92% over the past year. The company is forecast to post earnings per share of ฿1.51 for next year compared to ฿1.29 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somsak Atisaitrakul was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 15
Price target increased to ฿83.40 Up from ฿76.00, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ฿84.50. Stock is up 85% over the past year. The company is forecast to post earnings per share of ฿1.51 for next year compared to ฿1.29 last year. Upcoming Dividend • Apr 12
Upcoming dividend of ฿0.42 per share Eligible shareholders must have bought the stock before 19 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 15% share price gain to ฿79.00, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 17x in the Consumer Finance industry in Thailand. Total returns to shareholders of 550% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿44.38 per share. Major Estimate Revision • Mar 05
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿4.72b to ฿4.24b. EPS estimate fell from ฿1.56 to ฿1.37 per share. Net income forecast to grow 34% next year vs 21% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿76.75. Share price fell 3.0% to ฿65.50 over the past week. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: ฿1.29 (up from ฿1.15 in FY 2020). Revenue: ฿3.62b (up 14% from FY 2020). Net income: ฿1.40b (up 34% from FY 2020). Profit margin: 39% (up from 33% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 30%, compared to a 33% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 19
Price target increased to ฿58.00 Up from ฿53.25, the current price target is an average from 3 analysts. New target price is 7.9% below last closing price of ฿63.00. Stock is up 97% over the past year. The company is forecast to post earnings per share of ฿1.30 for next year compared to ฿1.15 last year. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ฿0.32 (vs ฿0.32 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿948.9m (up 21% from 3Q 2020). Net income: ฿351.7m (up 24% from 3Q 2020). Profit margin: 37% (up from 36% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 17% share price gain to ฿49.75, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Consumer Finance industry in Thailand. Total returns to shareholders of 345% over the past three years.