Reported Earnings • May 15
First quarter 2026 earnings released: EPS: ฿0.61 (vs ฿0.68 in 1Q 2025) First quarter 2026 results: EPS: ฿0.61 (down from ฿0.68 in 1Q 2025). Revenue: ฿437.3m (down 8.9% from 1Q 2025). Net income: ฿91.4m (down 9.7% from 1Q 2025). Profit margin: 21% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿2.49 (vs ฿2.20 in FY 2024) Full year 2025 results: EPS: ฿2.49 (up from ฿2.20 in FY 2024). Revenue: ฿1.79b (down 2.9% from FY 2024). Net income: ฿373.8m (up 13% from FY 2024). Profit margin: 21% (up from 18% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Mar 01
Dividend increased to ฿1.70 Dividend of ฿1.70 is 3.0% higher than last year. Ex-date: 12th March 2026 Payment date: 8th May 2026 Dividend yield will be 6.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0.59 (vs ฿0.59 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.59 (up from ฿0.59 in 3Q 2024). Revenue: ฿427.5m (down 14% from 3Q 2024). Net income: ฿88.6m (flat on 3Q 2024). Profit margin: 21% (up from 18% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.64 (vs ฿0.57 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.64 (up from ฿0.57 in 2Q 2024). Revenue: ฿445.6m (down 4.4% from 2Q 2024). Net income: ฿96.1m (up 12% from 2Q 2024). Profit margin: 22% (up from 19% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0.67 (vs ฿0.61 in 1Q 2024) First quarter 2025 results: EPS: ฿0.67 (up from ฿0.61 in 1Q 2024). Revenue: ฿479.9m (up 3.9% from 1Q 2024). Net income: ฿101.2m (up 11% from 1Q 2024). Profit margin: 21% (up from 20% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Declared Dividend • Feb 28
Dividend increased to ฿1.65 Dividend of ฿1.65 is 3.1% higher than last year. Ex-date: 13th March 2025 Payment date: 9th May 2025 Dividend yield will be 6.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Ankündigung • Feb 27
Thai Metal Drum Manufacturing Public Company Limited to Consider Paying Dividend to Shareholders for the Operation Result of Year 2024, Payment on 9 May 2025 The Board of Directors of Thai Metal Drum Manufacturing Public Company Limited recommends the Meeting to consider paying dividend to shareholders for the operation result of year 2024 at THB 1.65 per share or equivalent to THB 247,500,000.00 totally or 82.93% of the net profit of the company's separate financial statement (Policy to pay dividend is not less than 40%) and it's subjected to 20% corporate income tax) The company has scheduled to make the payment on 9 May 2025 for the rightful shareholders whose names appear at the end of record date on 14 March 2025. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ฿2.20 (vs ฿2.10 in FY 2023) Full year 2024 results: EPS: ฿2.20 (up from ฿2.10 in FY 2023). Revenue: ฿1.84b (up 3.2% from FY 2023). Net income: ฿330.7m (up 5.2% from FY 2023). Profit margin: 18% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Ankündigung • Feb 26
Thai Metal Drum Manufacturing Public Company Limited, Annual General Meeting, Apr 25, 2025 Thai Metal Drum Manufacturing Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time. Location: glowfish conference hall, 2nd floor, sathorn thani, 2 building, north sathorn road, silom, bang rak, bangkok Thailand Ankündigung • Dec 27
Thai Metal Drum Manufacturing Public Company Limited Announces Change of Accounting & Finance Manager Thai Metal Drum Manufacturing Public Company Limited announced change of Accounting & Finance Manager from M.L. Chintat Jombunud, Accounting & Finance Manager, Effective Date of Termination: December 31, 2024 to Miss Ketkarn Supcharoenkul, Accounting & Finance Manager, Effective Date of Appointment: January 1, 2025. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: ฿0.59 (vs ฿0.50 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.59 (up from ฿0.50 in 3Q 2023). Revenue: ฿495.5m (up 11% from 3Q 2023). Net income: ฿88.4m (up 19% from 3Q 2023). Profit margin: 18% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ฿0.57 (vs ฿0.50 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.57 (up from ฿0.50 in 2Q 2023). Revenue: ฿466.0m (up 9.5% from 2Q 2023). Net income: ฿86.1m (up 14% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • Aug 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to ฿24.60. The fair value is estimated to be ฿20.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 5.0%. New Risk • Jul 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.59b (US$99.5m) This is considered a minor 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 Risk Earnings have declined by 1.1% 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. Market cap is less than US$100m (฿3.59b market cap, or US$99.5m). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.61 (vs ฿0.54 in 1Q 2023) First quarter 2024 results: EPS: ฿0.61 (up from ฿0.54 in 1Q 2023). Revenue: ฿461.8m (down 2.7% from 1Q 2023). Net income: ฿91.3m (up 13% from 1Q 2023). Profit margin: 20% (up from 17% in 1Q 2023). The increase in margin was driven by lower expenses. 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 1% per year, which means it is well ahead of earnings. Ankündigung • Apr 27
Thai Metal Drum Manufacturing Public Company Limited Approves the Dividend Payment for the Operation Result of Year 2023, Payable on May 9, 2024 Thai Metal Drum Manufacturing Public Company Limited announced that at the AGM was held on April 25, 2024, the company approved the dividend payment for the operation result of year 2023 at THB 1.60 per share or equivalent to THB 240,000,000.00 or 83.95% of the net profit of the company's separate financial statement. The company has a policy to pay out the dividend payment no less than 40% of its net profit of the company's separate financial statements, and it is subjected to 20% corporate income tax. The company has scheduled to make the dividend payment on May 9, 2024 for the rightful shareholders whose names appear at the end of record date on March 14, 2024. Upcoming Dividend • Mar 06
Upcoming dividend of ฿1.60 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 09 May 2024. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.0%). Declared Dividend • Feb 25
Dividend of ฿1.60 announced Dividend of ฿1.60 is the same as last year. Ex-date: 13th March 2024 Payment date: 9th May 2024 Dividend yield will be 6.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 10% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.3% EPS decline seen over the last 5 years. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: ฿2.10 (vs ฿2.08 in FY 2022) Full year 2023 results: EPS: ฿2.10 (up from ฿2.08 in FY 2022). Revenue: ฿1.79b (down 20% from FY 2022). Net income: ฿314.3m (flat on FY 2022). Profit margin: 18% (up from 14% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Ankündigung • Feb 24
Thai Metal Drum Manufacturing Public Company Limited, Annual General Meeting, Apr 25, 2024 Thai Metal Drum Manufacturing Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Location: Glowfish Conference Hall, the 2nd Floor, Sathorn Thani 2 Building North Sathorn Road, Silom Bangkok Thailand Agenda: To certify 2023 Annual General Shareholder Meeting Minutes; to acknowledge the company business operation result of year 2023; to approve 2023 Financial Statement which have been certified by the auditors as of the year ending on 31 December 2023; and to consider other matters. Ankündigung • Feb 23
Thai Metal Drum Manufacturing Public Company Limited Recommends the Dividend Payment for the Operation Result of Year 2023, Payable on May 9, 2024 Thai Metal Drum Manufacturing Public Company Limited announced that at the AGM to be held on April 25, 2024 The board's opinion: The Board of Directors recommends the Meeting to consider paying dividend to shareholders for the operation result of year 2023 at Baht 1.60 per share or equivalent to Baht 240,000,000.00 totally or 83.95% of the net profit of the Company's separate financial statement (Policy to pay dividend is not less than 40 percent) and it's subjected to 20% corporate income tax) The Company has scheduled to make the payment on Thursday 9th May 2024 for the rightful shareholders whose names appear at the end of record date on Thursday 14th March 2024. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 0.7% 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 Risk Earnings have declined by 0.7% 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. Market cap is less than US$100m (฿3.59b market cap, or US$99.3m). New Risk • Oct 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.69b (US$99.8m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿3.69b market cap, or US$99.8m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.50 (vs ฿0.49 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.50 (up from ฿0.49 in 2Q 2022). Revenue: ฿425.4m (down 28% from 2Q 2022). Net income: ฿75.7m (up 2.7% from 2Q 2022). Profit margin: 18% (up from 13% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ฿0.54 (vs ฿0.55 in 1Q 2022) First quarter 2023 results: EPS: ฿0.54 (down from ฿0.55 in 1Q 2022). Revenue: ฿474.5m (down 20% from 1Q 2022). Net income: ฿80.5m (down 2.0% from 1Q 2022). Profit margin: 17% (up from 14% in 1Q 2022). The increase in margin was driven by lower 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. Upcoming Dividend • Mar 07
Upcoming dividend of ฿1.60 per share at 6.5% yield Eligible shareholders must have bought the stock before 13 March 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 74% and the cash payout ratio is 79%. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.60 (vs ฿0.72 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.60 (down from ฿0.72 in 3Q 2021). Revenue: ฿565.1m (down 10% from 3Q 2021). Net income: ฿89.3m (down 17% from 3Q 2021). Profit margin: 16% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. 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. 3 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Pitiphong Bisalputra was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ฿0.60 (vs ฿0.72 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.60 (down from ฿0.72 in 3Q 2021). Revenue: ฿565.1m (down 10% from 3Q 2021). Net income: ฿89.3m (down 17% from 3Q 2021). Profit margin: 16% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ฿0.49 (vs ฿0.58 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.49 (down from ฿0.58 in 2Q 2021). Revenue: ฿586.6m (up 12% from 2Q 2021). Net income: ฿73.7m (down 15% from 2Q 2021). Profit margin: 13% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ฿0.55 (vs ฿0.64 in 1Q 2021) First quarter 2022 results: EPS: ฿0.55 (down from ฿0.64 in 1Q 2021). Revenue: ฿594.7m (up 18% from 1Q 2021). Net income: ฿82.1m (down 15% from 1Q 2021). Profit margin: 14% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per 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. 3 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Pitiphong Bisalputra was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 07
Upcoming dividend of ฿1.60 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.3%). Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿2.47 (up from ฿2.11 in FY 2020). Revenue: ฿2.24b (up 31% from FY 2020). Net income: ฿370.0m (up 17% from FY 2020). Profit margin: 17% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS ฿0.72 (vs ฿0.52 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: ฿669.4m (up 69% from 3Q 2020). Net income: ฿108.0m (up 40% from 3Q 2020). Profit margin: 16% (down from 20% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.64 (vs ฿0.57 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿504.0m (up 2.7% from 1Q 2020). Net income: ฿96.1m (up 13% from 1Q 2020). Profit margin: 19% (up from 17% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS ฿2.11 (vs ฿2.20 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ฿1.71b (down 16% from FY 2019). Net income: ฿316.5m (down 4.0% from FY 2019). Profit margin: 19% (up from 16% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Is New 90 Day High Low • Feb 20
New 90-day high: ฿23.60 The company is up 6.0% from its price of ฿22.30 on 20 November 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: ฿23.00 The company is up 6.0% from its price of ฿21.80 on 09 October 2020. The Thai market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: ฿22.90 The company is up 7.0% from its price of ฿21.40 on 19 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 3.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS ฿0.52 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿434.2m (down 17% from 3Q 2019). Net income: ฿77.4m (down 17% from 3Q 2019). Profit margin: 18% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Is New 90 Day High Low • Sep 30
New 90-day high: ฿22.40 The company is up 4.0% from its price of ฿21.60 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 20% over the same period.