New Risk • Jun 10
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 6.5% 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 (6.5% average weekly change). Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.094 in 1Q 2025) First quarter 2026 results: EPS: ฿0.09 (down from ฿0.094 in 1Q 2025). Revenue: ฿408.0m (up 15% from 1Q 2025). Net income: ฿78.2m (down 4.1% from 1Q 2025). Profit margin: 19% (down from 23% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Professional Services 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 26% per year, which means it is significantly lagging earnings. Price Target Changed • May 09
Price target decreased by 19% to ฿8.30 Down from ฿10.30, the current price target is provided by 1 analyst. New target price is 101% above last closing price of ฿4.12. Stock is down 52% over the past year. The company is forecast to post earnings per share of ฿0.41 for next year compared to ฿0.41 last year. Upcoming Dividend • May 01
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 28 May 2026. Payout ratio and cash payout ratio are on the higher end at 79% and 84% respectively. Trailing yield: 7.3%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (7.7%). New Risk • Mar 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.24b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿3.24b market cap, or US$98.6m). Reported Earnings • Mar 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ฿0.41 (up from ฿0.40 in FY 2024). Revenue: ฿1.52b (up 3.5% from FY 2024). Net income: ฿344.2m (flat on FY 2024). Profit margin: 23% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Anuncio • Feb 28
Humanica Public Company Limited Proposes Cash Dividend for the Operating Period from 01 January, 2025 to 31 December, 2025, Payable on 28 May, 2026 Humanica Public Company Limited at the Annual General Meeting of Shareholders to be held on 29 April, 2026 proposed cash dividend of THB 0.20 per share, paid from operating period from 01 January, 2025 to 31 December, 2025. Date of Board resolution is 26 February, 2026; Record date for the right to receive dividends: 11 May, 2026; Ex-dividend date is 08 May, 2026; Payment date is 28 May, 2026. Anuncio • Feb 27
Humanica Public Company Limited, Annual General Meeting, Apr 29, 2026 Humanica Public Company Limited, Annual General Meeting, Apr 29, 2026, at 14:00 SE Asia Standard Time. Location: humanica public company limited, no.2 soi, rongmuang 5, rongmuang road, rongmuang, pathumwan, bangkok 10330, thailand, bangkok Thailand Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.073 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.09 (up from ฿0.073 in 3Q 2024). Revenue: ฿379.0m (up 5.0% from 3Q 2024). Net income: ฿71.9m (up 14% from 3Q 2024). Profit margin: 19% (up from 17% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Professional Services industry in Asia. 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 23% per year, which means it is significantly lagging earnings. Anuncio • Sep 11
Humanica Public Company Limited (SET:HUMAN) and Soontorn Dentham acquired Lawson Software (Thailand) Company Limited from Lawson Digital Solution (HK) Limited and Ployrarain Aksornsri for THB 55.2 million. Humanica Public Company Limited (SET:HUMAN) and Soontorn Dentham acquired Lawson Software (Thailand) Company Limited from Lawson Digital Solution (HK) Limited and Ployrarain Aksornsri for THB 55.2 million on September 1, 2025. The acquisition funded from Cash flow from operating activities. Prior to the transaction, Lawson Digital Solution (HK) Limited held 99,999 shares and Ployrarain Aksornsri held 1 share of Lawson Software (Thailand) Company Limited. After the transaction, Humanica Public Company Limited holds 99,999 shares and Soontorn Dentham holds 1 share of Lawson Software (Thailand) Company Limited. The financial results of Lawson Software (Thailand) Company Limited will be consolidated in the third quarter of 2025. Following the acquisition, Soontorn Dentham, Chuenchom Techarungkiat and Benjawan Aksornsri would be new directors of Lawson Software (Thailand) Company Limited. As a result, Lawson Software (Thailand) Company Limited has become a subsidiary of Humanica Public Company Limited.
Humanica Public Company Limited (SET:HUMAN) and Soontorn Dentham completed the acquisition of Lawson Software (Thailand) Company Limited from Lawson Digital Solution (HK) Limited and Ployrarain Aksornsri on September 1, 2025. Declared Dividend • Aug 16
Dividend of ฿0.12 announced Shareholders will receive a dividend of ฿0.12. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 39% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Aug 05
Price target decreased by 15% to ฿10.00 Down from ฿11.80, the current price target is provided by 1 analyst. New target price is 45% above last closing price of ฿6.90. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.44 for next year compared to ฿0.40 last year. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.093 in 1Q 2024) First quarter 2025 results: EPS: ฿0.09. Revenue: ฿356.0m (down 1.3% from 1Q 2024). Net income: ฿81.5m (flat on 1Q 2024). Profit margin: 23% (in line with 1Q 2024). 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 Professional Services industry in Asia. Upcoming Dividend • May 01
Upcoming dividend of ฿0.18 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 29 May 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (4.9%). Anuncio • Apr 29
Humanica Public Company Limited Approves Dividend, Payable on May 27, 2025 Humanica Public Company Limited at its AGM held on April 29,2025 unanimously resolved to approve the additional dividend payment from the result of the operation from July 1, 2024 December 31, 2024, calculated at THB 0.18 per share in the amount of THB 156.14 million or in the total amount of THB 260.23 million annually, calculated at THB 0.30 per share annually. The dividend payment shall be paid on May 27, 2025, and the list of shareholders who are entitled to receive the dividend is determined on May 9, 2025 (Record Date). Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Kanya Ruengprateepsang was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿8.25, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Professional Services industry in Asia. Total loss to shareholders of 22% over the past three years. Reported Earnings • Mar 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ฿0.40 (up from ฿0.35 in FY 2023). Revenue: ฿1.47b (up 10.0% from FY 2023). Net income: ฿344.0m (up 12% from FY 2023). Profit margin: 23% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Professional Services industry in Asia. 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. Declared Dividend • Mar 01
Final dividend increased to ฿0.18 Dividend of ฿0.18 is 29% higher than last year. Ex-date: 8th May 2025 Payment date: 29th May 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 36% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿6.90, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Professional Services industry in Asia. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿10.95 per share. Price Target Changed • Sep 19
Price target increased by 7.2% to ฿14.20 Up from ฿13.25, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ฿11.70. Stock is up 11% over the past year. The company is forecast to post earnings per share of ฿0.40 for next year compared to ฿0.36 last year. Declared Dividend • Aug 15
First half dividend increased to ฿0.12 Dividend of ฿0.12 is 50% higher than last year. Ex-date: 27th August 2024 Payment date: 11th September 2024 Dividend yield will be 2.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 39% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.082 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.09 (up from ฿0.082 in 2Q 2023). Revenue: ฿354.6m (up 11% from 2Q 2023). Net income: ฿81.2m (up 15% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to ฿10.30. The fair value is estimated to be ฿13.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.072 in 1Q 2023) First quarter 2024 results: EPS: ฿0.09 (up from ฿0.072 in 1Q 2023). Revenue: ฿360.8m (up 16% from 1Q 2023). Net income: ฿81.1m (up 30% from 1Q 2023). Profit margin: 23% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Anuncio • Apr 27
Humanica Public Company Limited Approves Dividend for the Operating Period from July 1, 2023 to December 31, 2023, Payable on May 23, 2024 Humanica Public Company Limited at its AGM held on April 25, 2024, approved the dividend payment from the result of the operation from July 1, 2023 - December 31, 2023 calculated at THB 0.14 per share in the amount of THB 121,442,100.64 or in the total amount of THB 190,837,586.72 annually, calculated at THB 0.22 per share annually. The dividend payment shall be paid on May 23, 2024 and the list of shareholders who are entitled to receive the dividend is determined on May 3, 2024 (Record Date). Upcoming Dividend • Apr 25
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (3.4%). Buy Or Sell Opportunity • Apr 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ฿12.20. The fair value is estimated to be ฿10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Buy Or Sell Opportunity • Mar 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ฿12.30. The fair value is estimated to be ฿10.02, however this is not to be taken as a sell 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 11%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Anuncio • Mar 01
Humanica Public Company Limited Proposes Dividend for the Operating Period from July 1, 2023 to December 31, 2023, Payable on May 23, 2024 Humanica Public Company Limited at its board meeting held on February 27, 2024, approved to propose at its Annual General Meeting of shareholders to be held on April 25, 2024, the allocation of net profits as legal reserves in the total amount of THB 2,372,178.80 and the allocation of July 1, 2023 to December 31, 2023 of net profit as dividend in the amount of THB 121,442,100.64 or THB 0.14 per share. The Company already paid an interim dividend in 2023 in the amount of THB 69,395,486.08 or THB 0.08 per share on September 8, 2023. Therefore, the total dividend to be paid from net profit in 2023 is THB 190,837,586.72 or THB 0.22 per share. A proposed dividend payment is following the Company's dividend policy. In this regard, the Company has set the record date for specifying the list of shareholders who entitled to receive the dividend as of May 3, 2024. The date of dividend payment is fixed on May 23, 2024. Ex-dividend date is May 2, 2024. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Group Chief Technology Officer & Director Gordon Enns was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Feb 22
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ฿12.40. The fair value is estimated to be ฿10.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 6.4%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Buy Or Sell Opportunity • Feb 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ฿12.10. The fair value is estimated to be ฿10.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 6.4%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Buy Or Sell Opportunity • Jan 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ฿11.30. The fair value is estimated to be ฿9.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 6.4%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿10.70, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Professional Services industry in Asia. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿9.26 per share. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.037 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.10 (up from ฿0.037 in 3Q 2022). Revenue: ฿344.1m (up 13% from 3Q 2022). Net income: ฿84.6m (up 166% from 3Q 2022). Profit margin: 25% (up from 10% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. New Risk • Nov 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 6.6% 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. This is currently the only risk that has been identified for the company. Anuncio • Sep 05
Humanica Public Company Limited (SET:HUMAN) completed the acquisition of 49% stake in SunFish DataOn Philippines Inc. Humanica Public Company Limited (SET:HUMAN) agreed to acquire 49% stake in SunFish DataOn Philippines Inc. on August 8, 2023. The remaining 51% shares will continue to be held by the founders Sri Suharti Coles and Eric George Coles. The transaction is subject to regulatory approvals and customary closing conditions.Humanica Public Company Limited (SET:HUMAN) completed the acquisition of 49% stake in SunFish DataOn Philippines Inc. on September 3, 2023. Upcoming Dividend • Aug 21
Upcoming dividend of ฿0.08 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.054 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.08 (up from ฿0.054 in 2Q 2022). Revenue: ฿318.6m (up 32% from 2Q 2022). Net income: ฿70.9m (up 80% from 2Q 2022). Profit margin: 22% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Price Target Changed • Jun 01
Price target decreased by 14% to ฿12.73 Down from ฿14.87, the current price target is an average from 3 analysts. New target price is 29% above last closing price of ฿9.85. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿0.35 for next year compared to ฿0.23 last year. Major Estimate Revision • May 22
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.377 to ฿0.33. Revenue forecast unchanged from ฿1.33b at last update. Net income forecast to grow 50% next year vs 23% growth forecast for Professional Services industry in Thailand. Consensus price target down from ฿14.87 to ฿14.20. Share price rose 2.1% to ฿9.95 over the past week. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.07 (vs ฿0.051 in 1Q 2022) First quarter 2023 results: EPS: ฿0.07 (up from ฿0.051 in 1Q 2022). Revenue: ฿311.4m (up 70% from 1Q 2022). Net income: ฿62.4m (up 80% from 1Q 2022). Profit margin: 20% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • May 02
Upcoming dividend of ฿0.12 per share at 1.8% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 25 May 2023. Payout ratio and cash payout ratio are on the higher end at 78% and 76% respectively. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (0.8%). Major Estimate Revision • Jan 08
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.28 to ฿0.25. Revenue forecast unchanged from ฿1.06b at last update. Net income forecast to grow 92% next year vs 40% growth forecast for Software industry in Thailand. Consensus price target of ฿14.87 unchanged from last update. Share price rose 6.3% to ฿11.80 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: ฿0.04 (down from ฿0.054 in 3Q 2021). Revenue: ฿304.4m (up 69% from 3Q 2021). Net income: ฿31.8m (down 14% from 3Q 2021). Profit margin: 10% (down from 21% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 22
Upcoming dividend of ฿0.06 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 14 September 2022. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (0.9%). Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.081 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.05 (down from ฿0.081 in 2Q 2021). Revenue: ฿240.9m (up 18% from 2Q 2021). Net income: ฿39.4m (down 28% from 2Q 2021). Profit margin: 16% (down from 27% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 39%, compared to a 27% growth forecast for the Software industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Aug 16
Humanica Public Company Limited Announces Cash Dividend, Payable on September 14, 2022 Humanica Public Company Limited announced cash dividend of THB 0.06 per share. Record date for the right to receive dividends is August 30, 2022. Ex-dividend date is August 29, 2022. Payment date is September 14, 2022. Reported Earnings • May 13
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: ฿0.05 (down from ฿0.052 in 1Q 2021). Revenue: ฿185.9m (up 6.0% from 1Q 2021). Net income: ฿34.7m (down 2.7% from 1Q 2021). Profit margin: 19% (down from 20% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 31%, compared to a 29% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Apr 28
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ฿0.25 (up from ฿0.24 in FY 2020). Revenue: ฿770.5m (up 5.7% from FY 2020). Net income: ฿169.8m (up 2.5% from FY 2020). Profit margin: 22% (in line with FY 2020). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 22%, compared to a 29% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Major Estimate Revision • Mar 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ฿1.05b to ฿940.5m. EPS estimate unchanged from ฿0.33 per share at last update. Software industry in Thailand expected to see average net income growth of 33% next year. Consensus price target of ฿16.15 unchanged from last update. Share price was steady at ฿12.40 over the past week. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 17% share price gain to ฿12.70, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 28x in the Software industry in Asia. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿9.32 per share. Price Target Changed • Dec 16
Price target increased to ฿14.20 Up from ฿11.87, the current price target is an average from 3 analysts. New target price is 20% above last closing price of ฿11.80. Stock is up 28% 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 • Nov 17
Third quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.057 in 3Q 2020) The company reported a soft third quarter result with weaker earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: ฿180.5m (flat on 3Q 2020). Net income: ฿37.0m (down 4.1% from 3Q 2020). Profit margin: 21% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 17% share price gain to ฿11.60, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 29x in the Software industry in Asia. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.79 per share. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.06 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 08 September 2021. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.081 (vs ฿0.047 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿204.2m (up 17% from 2Q 2020). Net income: ฿55.0m (up 72% from 2Q 2020). Profit margin: 27% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 03
Consensus EPS estimates fall to ฿0.26 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿814.9m to ฿766.1m. EPS estimate also fell from ฿0.29 to ฿0.26. Net income forecast to grow 31% next year vs 27% growth forecast for Software industry in Thailand. Consensus price target down from ฿12.18 to ฿11.80. Share price was steady at ฿9.80 over the past week. Reported Earnings • May 14
First quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.072 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ฿175.3m (flat on 1Q 2020). Net income: ฿35.6m (down 28% from 1Q 2020). Profit margin: 20% (down from 28% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 19
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 26 April 2021. Payment date: 17 May 2021. Trailing yield: 1.6%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (0.7%). Price Target Changed • Mar 17
Price target increased to ฿11.83 Up from ฿11.00, the current price target is an average from 4 analysts. New target price is 17% above last closing price of ฿10.10. Stock is up 87% over the past year. Executive Departure • Mar 03
CFO & Chief Accounting has left the company On the 1st of March, Kawin Prisuwan's tenure as CFO & Chief Accounting ended after less than a year in the role. We don't have any record of a personal shareholding under Kawin's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ฿0.24 (vs ฿0.22 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿729.3m (up 19% from FY 2019). Net income: ฿165.8m (up 13% from FY 2019). Profit margin: 23% (down from 24% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 5.2%, compared to a 34% growth forecast for the Software industry in Thailand. Is New 90 Day High Low • Jan 19
New 90-day high: ฿9.85 The company is up 19% from its price of ฿8.25 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.72 per share. Is New 90 Day High Low • Dec 18
New 90-day high: ฿9.55 The company is up 10.0% from its price of ฿8.65 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software 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 ฿4.86 per share. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ฿0.06 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿181.9m (up 9.0% from 3Q 2019). Net income: ฿38.6m (up 7.7% from 3Q 2019). Profit margin: 21% (in line with 3Q 2019). Anuncio • Nov 14
Humanica Public Company Limited Announces Resignation of Pana Janviroj from the Position of Independent Director and Audit Committee Humanica Public Company Limited informed that Mr. Pana Janviroj has resigned from the position of Independent Director and Audit Committee. It will be effective from November 13, 2020 onwards. Is New 90 Day High Low • Nov 13
New 90-day high: ฿8.90 The company is up 10.0% from its price of ฿8.10 on 14 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.86 per share.