Reported Earnings • May 19
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ฿0.05 (up from ฿0.045 in 1Q 2025). Revenue: ฿2.49b (up 10% from 1Q 2025). Net income: ฿207.1m (up 7.6% from 1Q 2025). Profit margin: 8.3% (down from 8.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 13
Upcoming dividend of ฿0.043 per share Eligible shareholders must have bought the stock before 20 April 2026. Payment date: 08 May 2026. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (3.7%). Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: ฿0.25 (vs ฿0.24 in FY 2024) Full year 2025 results: EPS: ฿0.25 (up from ฿0.24 in FY 2024). Revenue: ฿9.61b (up 4.2% from FY 2024). Net income: ฿1.11b (up 5.2% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Ankündigung • Feb 13
Plan B Media Public Company Limited, Annual General Meeting, Apr 09, 2026 Plan B Media Public Company Limited, Annual General Meeting, Apr 09, 2026, at 14:00 SE Asia Standard Time. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿4.24, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Media industry in Asia. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.36 per share. 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 6.4% 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 (6.4% 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 ฿3.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Media industry in Asia. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.42 per share. New Risk • Nov 24
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). New Risk • Nov 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Nov 13
Dividend of ฿0.17 announced Shareholders will receive a dividend of ฿0.17. Ex-date: 24th November 2025 Payment date: 9th December 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.8%. Sustainability & Growth The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2025 results: EPS: ฿0.06. Revenue: ฿2.35b (down 9.0% from 3Q 2024). Net income: ฿290.4m (up 2.8% from 3Q 2024). Profit margin: 12% (up from 11% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in Asia. Price Target Changed • Sep 03
Price target decreased by 8.0% to ฿7.47 Down from ฿8.12, the current price target is an average from 9 analysts. New target price is 57% above last closing price of ฿4.76. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.24 last year. Reported Earnings • Aug 15
Second quarter 2025 earnings: Revenues and EPS in line with analyst expectations Second quarter 2025 results: EPS: ฿0.06. Revenue: ฿2.26b (up 1.2% from 2Q 2024). Net income: ฿270.1m (up 2.4% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Media industry in Asia. Price Target Changed • Jul 30
Price target decreased by 7.5% to ฿8.18 Down from ฿8.84, the current price target is an average from 8 analysts. New target price is 46% above last closing price of ฿5.60. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.24 last year. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿4.92, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Media industry in Asia. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.92 per share. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿4.66, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Media industry in Asia. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.93 per share. New Risk • May 24
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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.042 in 1Q 2024) First quarter 2025 results: EPS: ฿0.04. Revenue: ฿2.26b (up 15% from 1Q 2024). Net income: ฿192.5m (up 6.2% from 1Q 2024). Profit margin: 8.5% (down from 9.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Media industry in Asia. Price Target Changed • May 16
Price target decreased by 9.4% to ฿8.58 Down from ฿9.47, the current price target is an average from 8 analysts. New target price is 80% above last closing price of ฿4.78. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.24 last year. Buy Or Sell Opportunity • Apr 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ฿5.20. The fair value is estimated to be ฿6.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Buy Or Sell Opportunity • Apr 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to ฿5.10. The fair value is estimated to be ฿6.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Reported Earnings • Mar 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ฿0.24 (up from ฿0.21 in FY 2023). Revenue: ฿9.24b (up 9.4% from FY 2023). Net income: ฿1.05b (up 15% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Mar 01
Plan B Media Public Company Limited Proposes to Omit Dividend Payment for the Operating Period from January 1, 2024 to December 31, 2024 Plan B Media Public Company Limited, at its AGM, to be held on 29 April, 2025, proposed to omit dividend payment for the Operating period from January 1, 2024 to December 31, 2024. Ankündigung • Feb 28
Plan B Media Public Company Limited, Annual General Meeting, Apr 29, 2025 Plan B Media Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:00 SE Asia Standard Time. Ankündigung • Feb 15
Plan B Media Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 2 billion. Plan B Media Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 2 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 285,714,286
Price\Range: THB 7
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 14
Plan B Media Public Company Limited (SET:PLANB) signed a letter of intent to acquire 50% stake in Hello Bangkok LED Co., Ltd. from Roctec Global Public Company Limited (SET:ROCTEC), Suchart Luechaikajohnpan and others for THB 4 billion. Plan B Media Public Company Limited (SET:PLANB) signed a letter of intent to acquire 50% stake in Hello Bangkok LED Co., Ltd. from Roctec Global Public Company Limited (SET:ROCTEC), Suchart Luechaikajohnpan and others for THB 4 billion on February 13, 2025. A cash consideration of THB 4000 per share will be paid by Plan B Media Public Company Limited. Plan B intends to pay the consideration to Roctec and Wind Harvest with half in cash, approximately THB 2 billion, and the other half, approximately THB 2 billion, in newly issued shares of Plan B. Plan B will pay the full amount of consideration to Roctec in cash, which Plan B will secure funding through an issuance and offering of shares through private placement.
The transaction is subject to approval by regulatory board / committee and approval of offer by target shareholders. The deal has been approved by the board of Roctec Global. The expected completion of the transaction is second quarter of 2025. Upcoming Dividend • Nov 18
Upcoming dividend of ฿0.12 per share Eligible shareholders must have bought the stock before 25 November 2024. Payment date: 11 December 2024. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (2.5%). Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ฿0.066 (up from ฿0.061 in 3Q 2023). Revenue: ฿2.58b (up 20% from 3Q 2023). Net income: ฿282.4m (up 8.2% from 3Q 2023). Profit margin: 11% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ฿6.60. The fair value is estimated to be ฿8.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 64%. Revenue is forecast to grow by 9.0% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: ฿0.062 (up from ฿0.053 in 2Q 2023). Revenue: ฿2.24b (up 10% from 2Q 2023). Net income: ฿263.8m (up 16% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Media industry in Asia. 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.042 (vs ฿0.031 in 1Q 2023) First quarter 2024 results: EPS: ฿0.042 (up from ฿0.031 in 1Q 2023). Revenue: ฿1.97b (up 13% from 1Q 2023). Net income: ฿181.2m (up 37% from 1Q 2023). Profit margin: 9.2% (up from 7.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 25
Now 21% overvalued Over the last 90 days, the stock has fallen 2.9% to ฿8.45. The fair value is estimated to be ฿7.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 76%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Buy Or Sell Opportunity • Apr 09
Now 20% overvalued Over the last 90 days, the stock has fallen 2.9% to ฿8.40. The fair value is estimated to be ฿6.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 76%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Ankündigung • Mar 15
Plan B Media Public Company Limited Approves Board Changes Plan B Media Public Company Limited announced that at its board meeting held on 14 March 2024, approved the appointment of the replacement Director, Mr. Prasong Jarungbenjatham, replacing Mr. Ekapak Nirapathpongporn, who resigned from the position effective January 31, 2024. In this regard, the company's directors who appointed to replace the position of a director whose term has expired shall remain in their office during the term which the director replaced was entitled. Additionally, Mr. Prasong Jarungbenjatham was approved to be appointed as a member of the Corporate Governance and Sustainability Committee; the change in title of Mr. Mana Jantanayingyong from Director to Independent Director due to his full qualifications for the position of Independent Director. Additionally, Mr. Mana Jantanayingyong was approved to be appointed as a member of the Audit Committee; the appointment of Ph.D. Pennapha Dhanasarnsilp, the company's Director, to become the Chair-man of the Audit Committee, previously serving the position of a member of the Audit Committee. Additionally, Ph.D. Pennapha Dhanasarnsilp was appointed as the Chairman of the Corporate Governance and Sustaina-bility Committee, previously serving as a member of the Corporate Governance and Sustainability Committee; the appointment of Ph.D. Pinijsorn Luechaikajohnpan, the company's Director, as a Member of the Nomination and Remuneration Committee; the appointment of Mr. Arnon Porndhiti, the company's Director, as a Member of the Corporate Governance and Sustainability Committee. Audit Committee: Ph,D. Pennapha Dhanasarnsilp, Chairman of Audit Committee; Mrs. Monluedee Sookpantarat, Member; Mr. Mana Jantanayingyong, Member. Nomination and Remuneration Committee: Ph,D. Pennapha Dhanasarnsilp Chairman of Nomination and Remuneration Committee; Ph.D. Pinijsorn Luechaikajohnpan, Member; Mrs. Monluedee Sookpantarat, Member. Risk Management Committee: Mr. Mana Jantanayingyong, Chairman of Risk Management Committee; Ph.D Pinijsorn Luechaikajohnpan, Member; Mrs. Monluedee Sookpantarat, Member; Mr. Arnon Porndhiti, Member. Corporate Governance and Sustainability Committee: Ph,D. Pennapha Dhanasarnsilp, Chairman of Corporate Governance and Sustainability Committee; Mr. Arnon Porndhiti, Member; Mr. Prasong Jarungbenjatham, Member. Effective from March 14, 2024 onwards. Ankündigung • Feb 28
Plan B Media Public Company Limited, Annual General Meeting, Apr 23, 2024 Plan B Media Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the operating results of the Company for the year 2023; to consider and approve the statements of financial positions and comprehensive income statements of the year 2023 for the fiscal year ended 31 December 2023; to consider and approve the suspension of dividend payment and acknowledge the interim dividend payment; to approve the appointment of directors in place of the directors who will retire by rotation; to approve the remuneration of directors for the year 2024; to approve the appointment of auditors and the determination of the audit fee for the year 2024; to approve the amendments of the Company's Articles of Association; and to consider other matters. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: ฿0.21 (vs ฿0.17 in FY 2022) Full year 2023 results: EPS: ฿0.21 (up from ฿0.17 in FY 2022). Revenue: ฿8.45b (up 26% from FY 2022). Net income: ฿911.2m (up 30% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Media industry in Thailand. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Ankündigung • Jan 31
Plan B Media Public Company Limited Announces Resignation of Ekapak Nirapathpongporn as Director and Member of Nomination and Remuneration Committee, Risk Management Committee, and Corporate Governance and Sustainability Committee Plan B Media Public Company Limited informed that Mr. Ekapak Nirapathpongporn declared his intention to resign from his position as a Director and Member of Nomination and Remuneration Committee, Risk Management Committee, and Corporate Governance and Sustainability Committee. The resignation is effective from 31 January 2024 onwards. The Board of Directors is in process of recruiting new eligible directors to replace the vacant directorposition and will disclose information to the Stock Exchange of Thailand and investors thereafter. Ankündigung • Jan 10
Plan B Media Public Company Limited Announces Somchai Vanichsenee as Chairman, Independent Director, Chairman of Audit Committee, and Chairman of Corporate Governance and Sustainability Committee Passed Away Plan B Media Public Company Limited informed that Pol.Gen. Somchai Vanichsenee, Chairman, Independent Director, Chairman of Audit Committee, and Chairman of Corporate Governance and Sustainability Committee has passed away since January 10, 2024. Upcoming Dividend • Dec 19
Upcoming dividend of ฿0.075 per share at 0.8% yield Eligible shareholders must have bought the stock before 26 December 2023. Payment date: 12 January 2024. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (6.8%). Lower than average of industry peers (2.6%). Ankündigung • Dec 15
Plan B Media Public Company Limited Announces Interim Cash Dividend, Payable on January 12, 2024 Plan B Media Public Company Limited announced interim cash dividend of THB 0.0748 per share. Par value: THB 0.10. Book closing for the right to receive dividend payment is December 28, 2023. Ex-dividend date is December 26, 2023. Payment date is January 12, 2024. Date of Board resolution is December 14, 2023. Ankündigung • Dec 14
Plan B Media Public Company Limited Announces Board and Committee Changes Plan B Media Public Company Limited announced that the Board of Directors Meeting held on 14 December 2023, approved the appointment of Ph.D. Pennapha Dhanasarnsilp to act as Vice Chairman of the Board of Directors of the Company. Board of Directors consists of 8 members as follows: Pol. Gen Somchai Vanichsenee – Chairman; Ph.D. Pennapha Dhanasarnsilp - Vice Chairman; Mr. Palin Lojanagosin - Director; Ph.D. Pinijsorn Luechaikajohnpan – Director; Mr. Mana Jantanayingyong - Director; Mrs. Monluedee Sookpantarat - Director; Mr. Ekapak Nirapathpongporn – Director; Mr. Arnon Porndhiti - Director. The meeting resolved to approve the appointment of the Sustainability Committee by merging with the "Corporate Governance Committee" and changed its name to the "Corporate Governance and Sustainability Committee". Corporate Governance and Sustainability Committee consists of 3 members as follows: Pol. Gen Somchai Vanichsenee - Chairman of the Committee; Ph.D. Pennapha Dhanasarnsilp – Member; Mr. Ekapak Nirapathpongporn – Member. Effective from 14 December 2023 onwards. Reported Earnings • Nov 14
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ฿0.061 (up from ฿0.043 in 3Q 2022). Revenue: ฿2.16b (up 23% from 3Q 2022). Net income: ฿261.0m (up 42% from 3Q 2022). Profit margin: 12% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ฿0.053 (up from ฿0.041 in 2Q 2022). Revenue: ฿2.04b (up 23% from 2Q 2022). Net income: ฿227.2m (up 31% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Media industry in Thailand. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ฿0.031 (up from ฿0.025 in 1Q 2022). Revenue: ฿1.75b (up 44% from 1Q 2022). Net income: ฿132.2m (up 27% from 1Q 2022). Profit margin: 7.5% (down from 8.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Media industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year. Price Target Changed • Feb 07
Price target increased by 7.3% to ฿8.96 Up from ฿8.35, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ฿8.90. Stock is up 16% over the past year. The company is forecast to post earnings per share of ฿0.14 for next year compared to ฿0.016 last year. Major Estimate Revision • Feb 02
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from ฿0.162 to ฿0.143. Revenue forecast unchanged from ฿6.14b at last update. Net income forecast to grow 40% next year vs 18% growth forecast for Media industry in Thailand. Consensus price target of ฿8.57 unchanged from last update. Share price rose 3.5% to ฿8.85 over the past week. Upcoming Dividend • Dec 23
Upcoming dividend of ฿0.07 per share Eligible shareholders must have bought the stock before 30 December 2022. Payment date: 13 January 2023. The company last paid an ordinary dividend in February 2016. The average dividend yield among industry peers is 1.8%. Reported Earnings • Nov 18
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ฿0.043 (up from ฿0.014 loss in 3Q 2021). Revenue: ฿1.75b (up 56% from 3Q 2021). Net income: ฿184.2m (up ฿237.7m from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿5.93b to ฿6.05b. EPS estimate increased from ฿0.15 to ฿0.18 per share. Net income forecast to grow 117% next year vs 14% growth forecast for Media industry in Thailand. Consensus price target up from ฿8.01 to ฿8.35. Share price rose 7.3% to ฿8.10 over the past week. Board Change • Nov 16
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 Pennapha Dhanasarnsilp was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 21
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿5.76b to ฿5.93b. EPS estimate increased from ฿0.14 to ฿0.15 per share. Net income forecast to grow 105% next year vs 72% growth forecast for Media industry in Thailand. Consensus price target broadly unchanged at ฿8.18. Share price rose 4.4% to ฿7.15 over the past week. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: ฿0.041 (up from ฿0.018 loss in 2Q 2021). Revenue: ฿1.65b (up 51% from 2Q 2021). Net income: ฿173.6m (up ฿244.4m from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.17 to ฿0.14 per share. Revenue forecast steady at ฿5.91b. Net income forecast to grow 458% next year vs 80% growth forecast for Media industry in Thailand. Consensus price target down from ฿8.87 to ฿8.19. Share price was steady at ฿6.10 over the past week. Price Target Changed • Jul 22
Price target decreased to ฿8.70 Down from ฿9.44, the current price target is an average from 7 analysts. New target price is 40% above last closing price of ฿6.20. Stock is up 16% over the past year. The company is forecast to post earnings per share of ฿0.16 for next year compared to ฿0.016 last year. Major Estimate Revision • Jun 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.19 to ฿0.17. Revenue forecast unchanged from ฿5.96b at last update. Net income forecast to grow 525% next year vs 80% growth forecast for Media industry in Thailand. Consensus price target down from ฿9.44 to ฿8.87. Share price fell 4.4% to ฿6.55 over the past week. Reported Earnings • May 15
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: ฿0.025 (up from ฿0.01 in 1Q 2021). Revenue: ฿1.23b (up 18% from 1Q 2021). Net income: ฿104.3m (up 181% from 1Q 2021). Profit margin: 8.5% (up from 3.5% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 37%, compared to a 42% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target increased to ฿8.77 Up from ฿7.55, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ฿7.75. Stock is up 23% over the past year. The company is forecast to post earnings per share of ฿0.20 for next year compared to ฿0.016 last year. 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 Pennapha Dhanasarnsilp was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.016 (down from ฿0.036 in FY 2020). Revenue: ฿4.61b (up 22% from FY 2020). Net income: ฿64.0m (down 54% from FY 2020). Profit margin: 1.4% (down from 3.7% in FY 2020). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 185%. Over the next year, revenue is forecast to grow 38%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.18 to ฿0.21. Revenue forecast unchanged at ฿6.34b. Net income forecast to grow 1,145% next year vs 77% growth forecast for Media industry in Thailand. Consensus price target of ฿8.51 unchanged from last update. Share price was steady at ฿7.95 over the past week. Price Target Changed • Jan 27
Price target increased to ฿8.26 Up from ฿7.30, the current price target is an average from 8 analysts. New target price is 5.3% above last closing price of ฿7.85. Stock is up 23% over the past year. The company is forecast to post earnings per share of ฿0.0059 for next year compared to ฿0.036 last year. Price Target Changed • Jan 21
Price target increased to ฿7.55 Up from ฿6.95, the current price target is an average from 8 analysts. New target price is 9.0% below last closing price of ฿8.30. Stock is up 28% over the past year. The company is forecast to post earnings per share of ฿0.0026 for next year compared to ฿0.036 last year. Major Estimate Revision • Dec 04
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 expected loss increased from -฿0.0024 to -฿0.0074 per share. Revenue forecast of ฿4.10b unchanged since last update. Media industry in Thailand expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at ฿6.95. Share price fell 7.6% to ฿6.65 over the past week. Reported Earnings • Aug 13
Second quarter 2021 earnings released: ฿0.018 loss per share (vs ฿0.022 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿1.11b (up 66% from 2Q 2020). Net loss: ฿70.8m (loss narrowed 17% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 13
Consensus EPS estimates fall to ฿0.028 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿4.66b to ฿4.23b. EPS estimate also fell from ฿0.07 to ฿0.028. Net income forecast to grow 204% next year vs 13% growth forecast for Media industry in Thailand. Consensus price target of ฿6.58 unchanged from last update. Share price was steady at ฿5.35 over the past week. Major Estimate Revision • Jul 23
Consensus EPS estimates fall to ฿0.098 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿4.87b to ฿4.80b. EPS estimate also fell from ฿0.13 to ฿0.098. Net income forecast to grow 393% next year vs 22% growth forecast for Media industry in Thailand. Consensus price target down from ฿6.94 to ฿6.75. Share price fell 3.4% to ฿5.60 over the past week. Major Estimate Revision • May 21
Consensus EPS estimates fall to ฿0.12 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿4.90b to ฿4.49b. EPS estimate also fell from ฿0.15 to ฿0.12. Net income forecast to grow 563% next year vs 21% growth forecast for Media industry in Thailand. Consensus price target down from ฿7.56 to ฿7.27. Share price was steady at ฿5.80 over the past week. Reported Earnings • May 15
First quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.022 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿1.05b (up 7.4% from 1Q 2020). Net income: ฿37.1m (down 56% from 1Q 2020). Profit margin: 3.5% (down from 8.6% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 04
Consensus EPS estimates fall to ฿0.18 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿5.40b to ฿5.18b. EPS estimate also fell from ฿0.21 to ฿0.18. Net income forecast to grow 382% next year vs 28% growth forecast for Media industry in Thailand. Consensus price target broadly unchanged at ฿7.41. Share price fell 2.1% to ฿7.10 over the past week. Major Estimate Revision • Mar 04
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from ฿0.18 to ฿0.21. Revenue estimate for the same period was approximately flat at ฿5.40b. Net income is expected to grow by 458% next year compared to 23% growth forecast for the Media industry in Thailand. The consensus price target increased from ฿7.05 to ฿7.19. Share price is up 8.2% to ฿7.25 over the past week. Is New 90 Day High Low • Mar 01
New 90-day high: ฿7.05 The company is up 10.0% from its price of ฿6.40 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.36 per share. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Over the next year, revenue is forecast to grow 38%, compared to a 23% growth forecast for the Media industry in Thailand. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ฿0.036 (vs ฿0.20 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿3.77b (down 23% from FY 2019). Net income: ฿140.2m (down 81% from FY 2019). Profit margin: 3.7% (down from 15% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Major Estimate Revision • Jan 14
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from ฿0.02 to ฿0.026. Revenue estimate for the same period was approximately flat at ฿3.40b. Net income is expected to grow by 153% next year compared to 22% growth forecast for the Media industry in Thailand. The consensus price target increased from ฿6.81 to ฿6.87. Share price is up 2.3% to ฿6.75 over the past week. Is New 90 Day High Low • Nov 16
New 90-day high: ฿6.40 The company is up 19% from its price of ฿5.40 on 18 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 Media industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.31 per share. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) missed analyst estimates by 98%. Over the next year, revenue is forecast to grow 28%, compared to a 23% growth forecast for the Media industry in Thailand. Is New 90 Day High Low • Oct 06
New 90-day high: ฿6.25 The company is up 1.0% from its price of ฿6.20 on 08 July 2020. The Thai market is down 9.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.42 per share. Major Estimate Revision • Oct 02
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from ฿0.039 to ฿0.031. Revenue estimate was approximately flat at ฿3.37b. Net income is expected to grow by 8.9% next year compared to 17% growth forecast for the Media industry in Thailand. The consensus price target of ฿6.80 was unchanged from the last update. Share price is up 10% to ฿6.00 over the past week. Major Estimate Revision • Sep 18
Analysts lower EPS estimates to ฿0.045 The 2020 consensus revenue estimate was lowered from ฿3.46b to ฿3.37b. Earning per share (EPS) estimate was also lowered from ฿0.052 to ฿0.045 for the same period. Net income is expected to grow by 14% next year compared to 17% growth forecast for the Media industry in Thailand. The consensus price target was lowered from ฿6.86 to ฿6.80. Share price is up 1.9% to ฿5.50 over the past week.