Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: ฿0.024 (vs ฿0.018 in FY 2024) Full year 2025 results: EPS: ฿0.024 (up from ฿0.018 in FY 2024). Revenue: ฿258.0m (up 19% from FY 2024). Net income: ฿11.2m (up 35% from FY 2024). Profit margin: 4.3% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Declared Dividend • Feb 26
Dividend increased to ฿0.02 Dividend of ฿0.02 is 18% higher than last year. Ex-date: 9th March 2026 Payment date: 24th April 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Bekanntmachung • Feb 25
ARIP Public Company Limited announces Annual dividend, payable on April 24, 2026 ARIP Public Company Limited announced Annual dividend of THB 0.0200 per share payable on April 24, 2026, ex-date on March 09, 2026 and record date on March 10, 2026. Bekanntmachung • Feb 24
ARIP Public Company Limited, Annual General Meeting, Apr 09, 2026 ARIP Public Company Limited, Annual General Meeting, Apr 09, 2026, at 14:00 SE Asia Standard Time. Location: 1023 ms siam tower 31 fl. rama iii road, chong nonsi, yannawa, bangkok 10120, bangkok Thailand Board Change • Feb 17
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Sunee Mattanyukul was the last independent director to join the board, commencing their role in 2020. 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 14
Third quarter 2025 earnings released: EPS: ฿0.008 (vs ฿0.005 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.008 (up from ฿0.005 in 3Q 2024). Revenue: ฿60.3m (down 1.6% from 3Q 2024). Net income: ฿3.90m (up 71% from 3Q 2024). Profit margin: 6.5% (up from 3.7% in 3Q 2024). The increase in margin was driven by lower expenses. 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 26% per year, which means it is performing significantly worse than earnings. New Risk • Aug 27
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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (฿251.6m market cap, or US$7.74m). Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.004 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.006 (up from ฿0.004 in 2Q 2024). Revenue: ฿60.3m (up 61% from 2Q 2024). Net income: ฿2.64m (up 44% from 2Q 2024). Profit margin: 4.4% (down from 4.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.003 in 1Q 2024) First quarter 2025 results: EPS: ฿0.004 (up from ฿0.003 in 1Q 2024). Revenue: ฿71.3m (up 37% from 1Q 2024). Net income: ฿2.02m (up 35% from 1Q 2024). Profit margin: 2.8% (down from 2.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Bekanntmachung • Apr 10
ARIP Public Company Limited Approves Dividend for the Year Ended December 31, 2024, Payable on April 25, 2025 ARIP Public Company Limited approved the profit apportionment and dividend payment derived from operating results for the year ended December 31, 2024 at the rate of THB 0.0169 baht per share, totaling THB 7,875,400, with not allocation of net profit to legal reserves. The record date on which shareholders have the rights to receive the dividend on March 6, 2025 and the dividend payment shall be made on April 25, 2025 . Declared Dividend • Feb 22
Dividend reduced to ฿0.017 Dividend of ฿0.017 is 21% lower than last year. Ex-date: 5th March 2025 Payment date: 25th April 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) nor is it covered by cash flows (375% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 8.3% to bring the payout ratio under control, which is less than the 44% EPS growth achieved over the last 5 years. Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: ฿0.018 (vs ฿0.027 in FY 2023) Full year 2024 results: EPS: ฿0.018 (down from ฿0.027 in FY 2023). Revenue: ฿216.2m (down 13% from FY 2023). Net income: ฿8.30m (down 34% from FY 2023). Profit margin: 3.8% (down from 5.1% in FY 2023). The decrease in margin was driven by lower revenue. 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 26% per year, which means it is significantly lagging earnings. New Risk • Jan 21
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 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Market cap is less than US$10m (฿200.4m market cap, or US$5.88m). New Risk • Nov 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 97% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Market cap is less than US$10m (฿284.3m market cap, or US$8.27m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.006 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.005 (down from ฿0.006 in 3Q 2023). Revenue: ฿61.3m (down 11% from 3Q 2023). Net income: ฿2.29m (down 20% from 3Q 2023). Profit margin: 3.7% (down from 4.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.004 (vs ฿0.004 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.004 (in line with 2Q 2023). Revenue: ฿37.4m (down 25% from 2Q 2023). Net income: ฿1.83m (up 1.3% from 2Q 2023). Profit margin: 4.9% (up from 3.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (฿321.5m market cap, or US$8.83m). Minor Risks Dividend is not well covered by earnings (94% payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ฿0.003 (vs ฿0.007 in 1Q 2023) First quarter 2024 results: EPS: ฿0.003 (down from ฿0.007 in 1Q 2023). Revenue: ฿52.0m (down 7.5% from 1Q 2023). Net income: ฿1.50m (down 57% from 1Q 2023). Profit margin: 2.9% (down from 6.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 29
Upcoming dividend of ฿0.021 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.6%). Declared Dividend • Feb 26
Dividend of ฿0.021 announced Dividend of ฿0.021 is the same as last year. Ex-date: 7th March 2024 Payment date: 30th April 2024 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: ฿0.027 (vs ฿0.026 in FY 2022) Full year 2023 results: EPS: ฿0.027 (up from ฿0.026 in FY 2022). Revenue: ฿247.0m (up 9.0% from FY 2022). Net income: ฿12.6m (up 4.3% from FY 2022). Profit margin: 5.1% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Feb 24
ARIP Public Company Limited, Annual General Meeting, Apr 18, 2024 ARIP Public Company Limited, Annual General Meeting, Apr 18, 2024, at 14:00 SE Asia Standard Time. Location: 1023 MS Siam Tower 31 Fl. Rama III Road Chong Nonsi, Yannawa Bangkok Thailand Agenda: To approve 56-1 One Report and operation result for the year 2023; to consider approval of statement of financial position and statements of comprehensive income for the year ended December 31, 2023; to consider and approve the profit apportionment and dividend payment derived from operating results for the year ended December 31, 2023; to consider and approve the appointment of new directors replacing those retired by rotation; to consider and approve determination the director's remuneration; and to consider other matters. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ฿1.03, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 28x in the Media industry in Thailand. Total returns to shareholders of 106% over the past three years. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.006 (vs ฿0.005 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.006 (up from ฿0.005 in 3Q 2022). Revenue: ฿69.2m (up 48% from 3Q 2022). Net income: ฿2.86m (up 14% from 3Q 2022). Profit margin: 4.1% (down from 5.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Oct 26
ARIP Public Company Limited Announces Resignation of Prayoon Rattanachaiyanont as Director ARIP Public Company Limited announced the resignation of Prayoon Rattanachaiyanont, from the position of Director due to his Retirement with the effective date on August 10, 2023 onwards. Bekanntmachung • Sep 22
ARIP Public Company Limited Announces Appointment of Sahawathanapong Reuchaporn as Chief Financial Officer ARIP Public Company Limited announced the appointment of Sahawathanapong Reuchaporn as Chief Financial Officer. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.011 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.004 (down from ฿0.011 in 2Q 2022). Revenue: ฿49.7m (down 19% from 2Q 2022). Net income: ฿1.81m (down 65% from 2Q 2022). Profit margin: 3.6% (down from 8.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: ฿0.007 (vs ฿0.002 in 1Q 2022) First quarter 2023 results: EPS: ฿0.007. Revenue: ฿56.3k (down 100% from 1Q 2022). Net income: ฿3.5k (down 100% from 1Q 2022). Profit margin: 6.2% (up from 2.3% in 1Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ฿1.12, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 34x in the Media industry in Thailand. Total returns to shareholders of 280% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿1.31, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 33x in the Media industry in Thailand. Total returns to shareholders of 413% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.33, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 31x in the Media industry in Thailand. Total returns to shareholders of 402% over the past three years. Upcoming Dividend • Mar 01
Upcoming dividend of ฿0.021 per share at 1.8% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 26 April 2023. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (5.6%). Higher than average of industry peers (1.5%). Buying Opportunity • Feb 24
Now 23% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be ฿1.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 80%. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ฿1.42, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 27x in the Media industry in Thailand. Total returns to shareholders of 318% over the past three years. Buying Opportunity • Feb 07
Now 22% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be ฿1.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 80%. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 21% share price gain to ฿1.19, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 28x in the Media industry in Thailand. Total returns to shareholders of 205% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sunee Mattanyukul was the last independent director to join the board, commencing their role in 2020. 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 10
Third quarter 2022 earnings released: EPS: ฿0.005 (vs ฿0.004 loss in 3Q 2021) Third quarter 2022 results: EPS: ฿0.005 (up from ฿0.004 loss in 3Q 2021). Revenue: ฿46.8m (up 117% from 3Q 2021). Net income: ฿2.52m (up ฿4.43m from 3Q 2021). Profit margin: 5.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 18% share price gain to ฿1.09, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 28x in the Media industry in Thailand. Total returns to shareholders of 153% over the past three years. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ฿0.002 (vs ฿0 in 1Q 2021) First quarter 2022 results: EPS: ฿0.002 (up from ฿0 in 1Q 2021). Revenue: ฿43.8m (down 2.2% from 1Q 2021). Net income: ฿1.01m (up 403% from 1Q 2021). Profit margin: 2.3% (up from 0.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sunee Mattanyukul was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.011 (up from ฿0.008 in FY 2020). Revenue: ฿169.2m (down 25% from FY 2020). Net income: ฿5.20m (up 46% from FY 2020). Profit margin: 3.1% (up from 1.6% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Third quarter 2021 earnings released: ฿0.004 loss per share (vs ฿0.009 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ฿21.6m (down 49% from 3Q 2020). Net loss: ฿1.91m (loss narrowed 55% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year and the company’s share price has also increased by 22% per year. Reported Earnings • Aug 10
Second quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.002 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: ฿27.6m (down 44% from 2Q 2020). Net loss: ฿1.09m (loss narrowed 2.2% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 04
New 90-day high: ฿0.68 The company is up 66% from its price of ฿0.41 on 04 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 4.0% over the same period. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS ฿0.008 (vs ฿0.003 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿224.8m (up 37% from FY 2019). Net income: ฿3.56m (up 168% from FY 2019). Profit margin: 1.6% (up from 0.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 06
New 90-day high: ฿0.51 The company is up 16% from its price of ฿0.44 on 08 October 2020. The Thai market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 06
New 90-day high: ฿0.49 The company is up 32% from its price of ฿0.37 on 07 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 Media industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: ฿0.44 The company is up 29% from its price of ฿0.34 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 5.0% over the same period.