Price Target Changed • Apr 24
Price target decreased by 10% to ฿1.41 Down from ฿1.57, the current price target is an average from 4 analysts. New target price is 64% above last closing price of ฿0.86. Stock is down 62% over the past year. The company is forecast to post earnings per share of ฿0.012 for next year compared to ฿0.036 last year. Bekanntmachung • Apr 22
VGI Public Company Limited to Report Q1, 2027 Results on Aug 13, 2026 VGI Public Company Limited announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ฿0.004 (vs ฿0.022 in 3Q 2025) Third quarter 2026 results: EPS: ฿0.004 (down from ฿0.022 in 3Q 2025). Revenue: ฿1.40b (down 3.1% from 3Q 2025). Net income: ฿83.2m (down 73% from 3Q 2025). Profit margin: 5.9% (down from 21% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 14
Consensus EPS estimates increase by 32%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ฿5.07b to ฿4.79b. EPS estimate rose from ฿0.01 to ฿0.013. Net income forecast to shrink 25% next year vs 18% growth forecast for Media industry in Thailand . Consensus price target down from ฿1.57 to ฿1.47. Share price rose 60% to ฿1.36 over the past week. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Bekanntmachung • Feb 14
VGI Public Company Limited Appoints Kamonpop Veerapala as Independent Director, Effective on 12 February 2026 The Board of Directors of VGI Public Company Limited meeting No. 1/2026 held on 12 February 2026, the Meeting resolved to appoint Mr. Kamonpop Veerapala as an independent director to replace the deceased director. Effective Date is on 12 February 2026. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ฿1.05, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 15x in the Media industry in Asia. Total loss to shareholders of 77% over the past three years. New Risk • Jan 12
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 8.1% 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. This is currently the only risk that has been identified for the company. Bekanntmachung • Dec 31
VGI Public Company Limited(SET:VGI) dropped from SET 50 Index VGI Public Company Limited has been dropped from the SET 50 Index Price Target Changed • Nov 22
Price target decreased by 23% to ฿1.57 Down from ฿2.04, the current price target is an average from 5 analysts. New target price is 50% above last closing price of ฿1.05. Stock is down 60% over the past year. The company is forecast to post earnings per share of ฿0.01 for next year compared to ฿0.036 last year. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ฿0.004 (vs ฿0.007 in 2Q 2025) Second quarter 2026 results: EPS: ฿0.004. Revenue: ฿1.24b (down 7.7% from 2Q 2025). Net income: ฿78.7m (flat on 2Q 2025). Profit margin: 6.4% (up from 5.8% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in Asia. New Risk • Oct 22
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 6.6% 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 Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿1.24, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 17x in the Media industry in Asia. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿0.56 per share. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿1.70, the stock trades at a forward P/E ratio of 78x. Average forward P/E is 18x in the Media industry in Asia. Total loss to shareholders of 58% over the past three years. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ฿0.002 (vs ฿0.006 in 1Q 2025) First quarter 2026 results: EPS: ฿0.002 (down from ฿0.006 in 1Q 2025). Revenue: ฿1.24b (up 2.9% from 1Q 2025). Net income: ฿44.7m (down 29% from 1Q 2025). Profit margin: 3.6% (down from 5.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 22% per year. Upcoming Dividend • Jul 22
Upcoming dividend of ฿0.013 per share Eligible shareholders must have bought the stock before 29 July 2025. Payment date: 21 August 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (8.2%). Lower than average of industry peers (1.8%). Reported Earnings • Jun 03
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ฿0.036 (up from ฿0.31 loss in FY 2024). Revenue: ฿5.22b (up 8.4% from FY 2024). Net income: ฿501.2m (up ฿3.99b from FY 2024). Profit margin: 9.6% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 10% p.a. on average during the next 2 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 fallen by 47% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. New Risk • Jun 01
New major risk - Revenue and earnings growth Earnings have declined by 72% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. New Risk • Apr 09
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Price Target Changed • Mar 17
Price target increased by 10% to ฿1.97 Up from ฿1.79, the current price target is an average from 4 analysts. New target price is 36% below last closing price of ฿3.10. Stock is up 81% over the past year. The company is forecast to post earnings per share of ฿0.025 next year compared to a net loss per share of ฿0.31 last year. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.30 loss in 3Q 2024) Third quarter 2025 results: EPS: ฿0.02 (up from ฿0.30 loss in 3Q 2024). Revenue: ฿1.63b (up 21% from 3Q 2024). Net income: ฿307.7m (up ฿3.65b from 3Q 2024). Profit margin: 19% (up from net loss in 3Q 2024). Revenue is forecast to grow 8.5% 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, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. New Risk • Jan 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 79% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Bekanntmachung • Jan 15
VGI Public Company Limited to Report Q3, 2025 Results on Feb 13, 2025 VGI Public Company Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Nov 15
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). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.015 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.007 (down from ฿0.015 in 2Q 2024). Revenue: ฿1.40b (up 26% from 2Q 2024). Net income: ฿78.0m (down 53% from 2Q 2024). Profit margin: 5.6% (down from 15% in 2Q 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Media industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Bekanntmachung • Aug 21
VGI Public Company Limited to Report Q2, 2025 Results on Nov 11, 2024 VGI Public Company Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: ฿0.006 (up from ฿0.033 loss in 1Q 2024). Revenue: ฿1.27b (up 14% from 1Q 2024). Net income: ฿62.8m (up ฿429.2m from 1Q 2024). Profit margin: 4.9% (up from net loss in 1Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% 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, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 08
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -฿0.013 to -฿0.015 per share. Revenue forecast of ฿5.56b unchanged since last update. Media industry in Thailand expected to see average net income growth of 24% next year. Consensus price target up from ฿1.72 to ฿1.77. Share price fell 4.4% to ฿1.74 over the past week. Bekanntmachung • Aug 01
VGI Public Company Limited to Report Q1, 2025 Results on Aug 13, 2024 VGI Public Company Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Major Estimate Revision • Jul 19
Consensus EPS estimates fall by 34% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -฿0.0099 to -฿0.0133 per share. Revenue forecast of ฿5.66b unchanged since last update. Media industry in Thailand expected to see average net income growth of 28% next year. Consensus price target of ฿1.72 unchanged from last update. Share price fell 6.6% to ฿1.56 over the past week. Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 52% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.93b to ฿5.71b. Losses expected to increase from ฿0.0065 per share to ฿0.0098. Media industry in Thailand expected to see average net income growth of 31% next year. Consensus price target down from ฿1.83 to ฿1.78. Share price fell 7.6% to ฿1.46 over the past week. Major Estimate Revision • Jun 03
Consensus estimates of losses per share improve by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ฿5.66b to ฿5.93b. EPS estimate increased from -฿0.0165 per share to -฿0.0097 per share. Media industry in Thailand expected to see average net income growth of 31% next year. Consensus price target down from ฿1.97 to ฿1.83. Share price fell 6.3% to ฿1.50 over the past week. Bekanntmachung • May 30
VGI Public Company Limited Approves to Propose No Dividend Payment for the Fiscal Year Ended March 31, 2024 VGI Public Company Limited at its board meeting held on May 24, 2024 approved to propose that the 2024 AGM consider and approve no dividend payment for the fiscal year ended March 31, 2024. Bekanntmachung • May 29
VGI Public Company Limited announced that it expects to receive THB 55.9 million in funding VGI Public Company Limited announced a private placemen to issue 559,000,000 common shares at an issue price of THB 0.10 per share for the gross proceeds of THB 55,900,000 on May 27, 2024. The transaction has been approved by shareholders, subject to general shareholders which is to be held on June 11, 2024 and July 19, 2024. The existing registered capital of THB 1,377,786,787.80 to THB 1,433,686,787.80. Reported Earnings • May 28
Full year 2024 earnings released: ฿0.31 loss per share (vs ฿0.006 loss in FY 2023) Full year 2024 results: ฿0.31 loss per share (further deteriorated from ฿0.006 loss in FY 2023). Revenue: ฿5.46b (up 12% from FY 2023). Net loss: ฿3.49b (loss widened ฿3.42b from FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Media industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 10
Price target decreased by 12% to ฿1.97 Down from ฿2.25, the current price target is an average from 5 analysts. New target price is 12% above last closing price of ฿1.76. Stock is down 56% over the past year. The company is forecast to post a net loss per share of ฿0.27 next year compared to a net loss per share of ฿0.0058 last year. Bekanntmachung • Apr 06
VGI Public Company Limited to Report Q4, 2024 Results on May 24, 2024 VGI Public Company Limited announced that they will report Q4, 2024 results on May 24, 2024 Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 24%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿4.86b to ฿5.02b. Forecast EPS reduced from -฿0.214 to -฿0.266 per share. Media industry in Thailand expected to see average net income growth of 26% next year. Consensus price target down from ฿2.28 to ฿2.18. Share price fell 2.3% to ฿1.69 over the past week. Bekanntmachung • Feb 14
VGI Public Company Limited Omits to Pay Dividend for the Operating Period from 01 April, 2023 to 30 September, 2023 VGI Public Company Limited announced omission of dividend payment for the Operating period from 01 April, 2023 to 30 September, 2023. Reported Earnings • Feb 14
Third quarter 2024 earnings released: ฿0.30 loss per share (vs ฿0.009 profit in 3Q 2023) Third quarter 2024 results: ฿0.30 loss per share (down from ฿0.009 profit in 3Q 2023). Revenue: ฿1.43b (up 4.1% from 3Q 2023). Net loss: ฿3.34b (down ฿3.44b from profit in 3Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Media industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Bekanntmachung • Jan 19
VGI Public Company Limited to Report Q3, 2024 Results on Feb 14, 2024 VGI Public Company Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Major Estimate Revision • Dec 09
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ฿5.35b to ฿4.72b. EPS estimate reaffirmed at -฿0.06 per share. Media industry in Thailand expected to see average net income growth of 30% next year. Consensus price target down from ฿2.72 to ฿2.58. Share price fell 4.0% to ฿1.94 over the past week. Price Target Changed • Dec 08
Price target decreased by 9.1% to ฿2.58 Down from ฿2.83, the current price target is an average from 8 analysts. New target price is 33% above last closing price of ฿1.94. Stock is down 56% over the past year. The company is forecast to post a net loss per share of ฿0.06 next year compared to a net loss per share of ฿0.0058 last year. Bekanntmachung • Nov 03
VGI Public Company Limited to Report Q2, 2024 Results on Nov 10, 2023 VGI Public Company Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Price Target Changed • Oct 28
Price target decreased by 7.2% to ฿2.83 Down from ฿3.05, the current price target is an average from 8 analysts. New target price is 42% above last closing price of ฿1.99. Stock is down 45% over the past year. The company is forecast to post a net loss per share of ฿0.038 next year compared to a net loss per share of ฿0.0058 last year. Major Estimate Revision • Aug 23
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿6.18b to ฿5.47b. Forecast loss of -฿0.035, down from profit of ฿0.049 per share profit previously. Media industry in Thailand expected to see average net income growth of 33% next year. Consensus price target down from ฿4.12 to ฿3.70. Share price rose 6.3% to ฿2.70 over the past week. Reported Earnings • Aug 16
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: ฿33.00 loss per share (down from ฿0.002 profit in 1Q 2023). Revenue: ฿1.16b (up 12% from 1Q 2023). Net loss: ฿366.4m (down ฿391.9m from profit in 1Q 2023). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Bekanntmachung • Jul 21
VGI Public Company Limited Approves Dividends for the Year Ended March 31, 2023, Payable on August 18, 2023 VGI Public Company Limited approved the appropriation of the Company's operating profit for the year ended March 31, 2023 to pay out dividends at the rate of THB 0.080 per share (8 Satang per share), in the total amount of not exceeding THB 895.55 million. In this regard, the Company has set the date for determining the names of shareholders who will be entitled to the dividend payment (record date) on 26 July 2023 and dividend payment date on 18 August 2023. The final dividend payment for the last 6 months ended 31 March 2023 will be paid from the Company's net profit which is subject to the corporate income tax at the rate of 20% of the net profit. Individual shareholders who receive such dividend will be entitled to the tax credit at the rate of 20/80 pursuant to Section 47 Bis of the Revenue Code. Any shareholders who are disqualified to receive dividends pursuant to the applicable laws will not be entitled to receive such dividend payment. Upcoming Dividend • Jul 18
Upcoming dividend of ฿0.04 per share at 2.8% yield Eligible shareholders must have bought the stock before 25 July 2023. Payment date: 18 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.1%). Bekanntmachung • Jul 15
VGI Public Company Limited to Report Q1, 2024 Results on Aug 11, 2023 VGI Public Company Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Price Target Changed • Jun 01
Price target decreased by 7.9% to ฿4.31 Down from ฿4.68, the current price target is an average from 10 analysts. New target price is 36% above last closing price of ฿3.16. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.038 next year compared to a net loss per share of ฿0.006 last year. Reported Earnings • May 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: ฿0.006 loss per share (improved from ฿0.014 loss in FY 2022). Revenue: ฿5.77b (up 41% from FY 2022). Net loss: ฿64.9m (loss narrowed 46% from FY 2022). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Bekanntmachung • May 27
VGI Public Company Limited, Annual General Meeting, Jul 18, 2023 VGI Public Company Limited, Annual General Meeting, Jul 18, 2023, at 14:00 SE Asia Standard Time. Location: Phayathai Grand Ballroom, 6th Floor, Eastin Grand Hotel Phayathai, No. 18 Phaya Thai Road, Thung Phaya Thai, Ratchathewi Bangkok Thailand Bekanntmachung • May 26
VGI Public Company Limited Proposes Dividend for the Six Months Ended March 31, 2023, Payable on 18 August 2023 VGI Public Company Limited at its board meeting held on May 25, 2023, proposed the allocation of the company's operating profits for the fiscal year ended 31 March 2023 to pay out dividends in the amount of not exceeding THB 998.90 million, equivalent to the dividend rate of THB 0.080 per share (8 Satang per share); and t consider and approve dividend payment from the Company's operating profit for the last 6-month period ended 31 March 2023 in the amount of not exceeding THB 551.11 million, or equivalent to the dividend rate of THB 0.040 per share (4 Satang per share) to the Company'sshareholders, where the Company set a record date for determining the shareholders entitled to receive the dividends on 26 July 2023 and set the dividend payment date on 18 August 2023; the rights to receive the dividends, however, remain uncertain as it requires prior approval fromthe 2023 Annual General Meeting of Shareholders, and any shareholders who are disqualified to receive dividends pursuant to the applicable laws will not be entitled to receive such dividends. Upcoming Dividend • Feb 21
Upcoming dividend of ฿0.04 per share at 0.9% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 14 March 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 19
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ฿0.009 (up from ฿0.009 loss in 3Q 2022). Revenue: ฿1.38b (down 3.6% from 3Q 2022). Net income: ฿102.3m (up ฿177.9m from 3Q 2022). Profit margin: 7.4% (up from net loss in 3Q 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 18% 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 fallen by 62% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Bekanntmachung • Jan 14
VGI Public Company Limited to Report Q3, 2023 Results on Feb 14, 2023 VGI Public Company Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: ฿0.006 (up from ฿0.001 loss in 2Q 2022). Revenue: ฿1.22b (up 33% from 2Q 2022). Net income: ฿67.6m (up ฿77.0m from 2Q 2022). Profit margin: 5.5% (up from net loss in 2Q 2022). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 18% 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 59% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Pisit Serewiwattana was the last independent director to join the board, commencing their role in 2021. 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 • Aug 14
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: ฿0.002 (up from ฿0.001 in 1Q 2022). Revenue: ฿1.04b (up 75% from 1Q 2022). Net income: ฿25.5m (up 154% from 1Q 2022). Profit margin: 2.4% (up from 1.7% in 1Q 2022). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 40%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 19
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 26 July 2022. Payment date: 19 August 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (1.7%). Reported Earnings • May 29
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: ฿0.014 loss per share (down from ฿0.11 profit in FY 2021). Revenue: ฿4.43b (up 79% from FY 2021). Net loss: ฿120.3m (down 112% from profit in FY 2021). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 46%, compared to a 42% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Pisit Serewiwattana was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Feb 21
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿4.34b to ฿4.29b. Now expected to report a loss of ฿0.01 per share instead of ฿0.02 per share profit previously forecast. Media industry in Thailand expected to see average net income growth of 15% next year. Consensus price target down from ฿6.65 to ฿6.44. Share price rose 3.8% to ฿5.50 over the past week. Upcoming Dividend • Feb 18
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 14 March 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: ฿0.009 loss per share (down from ฿0.083 profit in 3Q 2021). Revenue: ฿1.52b (up 123% from 3Q 2021). Net loss: ฿75.6m (down 111% from profit in 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 46%, compared to a 39% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 04
Price target decreased to ฿6.74 Down from ฿7.38, the current price target is an average from 10 analysts. New target price is 17% above last closing price of ฿5.75. Stock is down 19% over the past year. The company is forecast to post earnings per share of ฿0.025 for next year compared to ฿0.11 last year. Major Estimate Revision • Jan 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿3.74b to ฿4.20b. EPS estimate fell from ฿0.05 to ฿0.04. Net income forecast to shrink 46% next year vs 15% growth forecast for Media industry in Thailand . Consensus price target down from ฿7.38 to ฿7.11. Share price fell 13% to ฿5.50 over the past week. Major Estimate Revision • Jan 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.05 to ฿0.05 per share. Revenue forecast steady at ฿3.74b. Net income forecast to shrink 41% next year vs 15% growth forecast for Media industry in Thailand . Consensus price target of ฿7.38 unchanged from last update. Share price fell 14% to ฿5.55 over the past week. Major Estimate Revision • Jan 14
Consensus EPS estimates increase by 74% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿3.49b to ฿3.74b. EPS estimate increased from ฿0.03 to ฿0.06 per share. Net income forecast to shrink 32% next year vs 15% growth forecast for Media industry in Thailand . Consensus price target broadly unchanged at ฿7.39. Share price was steady at ฿6.60 over the past week. Major Estimate Revision • Jan 08
Consensus EPS estimates increase by 32% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿3.49b to ฿3.53b. EPS estimate increased from ฿0.03 to ฿0.04 per share. Net income forecast to shrink 37% next year vs 14% growth forecast for Media industry in Thailand . Consensus price target of ฿7.36 unchanged from last update. Share price was steady at ฿6.55 over the past week. Major Estimate Revision • Dec 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿3.39b to ฿3.49b. EPS estimate fell from ฿0.058 to ฿0.022 per share. Net income forecast to shrink 39% next year vs 15% growth forecast for Media industry in Thailand . Consensus price target broadly unchanged at ฿7.36. Share price fell 2.9% to ฿6.65 over the past week. Price Target Changed • Nov 16
Price target increased to ฿7.33 Up from ฿6.85, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ฿7.15. The company is forecast to post earnings per share of ฿0.047 for next year compared to ฿0.11 last year. Reported Earnings • Nov 15
Second quarter 2022 earnings released The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ฿1.04b (up 45% from 2Q 2021). Net loss: ฿9.37m (down 179% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 13
Consensus EPS estimates fall to ฿0.035 The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿3.10b to ฿3.02b. EPS estimate also fell from ฿0.075 to ฿0.035. Net income forecast to shrink 38% next year vs 13% growth forecast for Media industry in Thailand . Consensus price target broadly unchanged at ฿6.84. Share price was steady at ฿5.65 over the past week. Executive Departure • Aug 05
Independent Director Maneeporn Siriwatanawong has left the company On the 31st of July, Maneeporn Siriwatanawong's tenure as Independent Director ended after 9.3 years in the role. We don't have any record of a personal shareholding under Maneeporn's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 11.58 years. Major Estimate Revision • Jul 29
Consensus revenue estimates fall to ฿3.27b The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿3.65b to ฿3.27b. EPS estimate fell from ฿0.10 to ฿0.097 per share. Net income forecast to shrink 13% next year vs 19% growth forecast for Media industry in Thailand . Consensus price target down from ฿7.58 to ฿7.39. Share price was steady at ฿5.55 over the past week. Upcoming Dividend • Jul 08
Upcoming dividend of ฿0.041 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 06 August 2021. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (1.5%). Reported Earnings • May 29
Full year 2021 earnings released: EPS ฿0.11 (vs ฿0.11 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ฿3.24b (down 19% from FY 2020). Net income: ฿979.8m (up 5.8% from FY 2020). Profit margin: 30% (up from 23% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% 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. Major Estimate Revision • May 13
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿0.048 to ฿0.058. Revenue forecast steady at ฿2.68b. Net income forecast to grow 71% next year vs 22% growth forecast for Media industry in Thailand. Consensus price target broadly unchanged at ฿7.60. Share price fell 5.6% to ฿5.85 over the past week. Major Estimate Revision • Apr 24
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ฿2.43b to ฿2.69b. EPS estimate unchanged from ฿0.048 at last update. Media industry in Thailand expected to see average net income growth of 22% next year. Consensus price target down from ฿7.86 to ฿7.69. Share price was steady at ฿6.25 over the past week. Reported Earnings • Feb 18
Third quarter 2021 earnings released: EPS ฿0.083 (vs ฿0.048 in 3Q 2020) Third quarter 2021 results: Revenue: ฿679.8m (down 45% from 3Q 2020). Net income: ฿712.9m (up 71% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Major Estimate Revision • Feb 10
Analysts update estimates The 2021 consensus earning per share (EPS) estimate was lowered from ฿0.049 to ฿0.039. Revenue estimate was approximately flat at ฿2.78b. Net income is expected to grow by 292% next year compared to 23% growth forecast for the Media industry in Thailand. The consensus price target increased from ฿7.45 to ฿7.65. Share price is up 6.8% to ฿7.10 over the past week. Major Estimate Revision • Jan 15
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from ฿0.04 to ฿0.051. Revenue estimate for the same period was approximately flat at ฿2.86b. Net income is expected to grow by 282% next year compared to 22% growth forecast for the Media industry in Thailand. The consensus price target of ฿7.36 was unchanged from the last update. Share price stayed mostly flat at ฿7.10 over the past week. Is New 90 Day High Low • Nov 16
New 90-day high: ฿7.40 The company is up 23% from its price of ฿6.00 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 ฿0.95 per share. Reported Earnings • Nov 10
Second quarter 2021 earnings released: EPS ฿0.001 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿744.8m (down 54% from 2Q 2020). Net income: ฿11.9m (down 97% from 2Q 2020). Profit margin: 1.6% (down from 22% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Major Estimate Revision • Oct 07
Analysts update estimates The 2021 consensus earning per share (EPS) estimate was lowered from ฿0.078 to ฿0.068. Revenue estimate was approximately flat at ฿3.14b. Net income is expected to grow by 34% next year compared to 16% growth forecast for the Media industry in Thailand. The consensus price target was lowered from ฿7.43 to ฿7.40. Share price is up 7.9% to ฿6.85 over the past week.