New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿534.0m market cap, or US$16.2m). Anuncio • Mar 04
Scan Inter Public Company Limited Announces Term Expiration of Dr. Littee Kitpipit as Director Scan Inter Public Company Limited announced Dr. Littee Kitpipit term has expired as director. Reported Earnings • Mar 02
Full year 2025 earnings released: ฿0.22 loss per share (vs ฿0.18 loss in FY 2024) Full year 2025 results: ฿0.22 loss per share (further deteriorated from ฿0.18 loss in FY 2024). Revenue: ฿1.33b (down 17% from FY 2024). Net loss: ฿265.1m (loss widened 22% from FY 2024). 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. Reported Earnings • Nov 12
Third quarter 2025 earnings released: ฿0.017 loss per share (vs ฿0.20 loss in 3Q 2024) Third quarter 2025 results: ฿0.017 loss per share (improved from ฿0.20 loss in 3Q 2024). Revenue: ฿322.3m (down 5.5% from 3Q 2024). Net loss: ฿21.0m (loss narrowed 91% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Oct 23
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 10.0% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿606.9m market cap, or US$18.5m). New Risk • Aug 28
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 10% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿667.5m market cap, or US$20.6m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.008 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.006 (down from ฿0.008 in 2Q 2024). Revenue: ฿358.2m (down 14% from 2Q 2024). Net income: ฿7.43m (down 19% from 2Q 2024). Profit margin: 2.1% (in line with 2Q 2024). 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. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.013 in 1Q 2024) First quarter 2025 results: EPS: ฿0.001 (down from ฿0.013 in 1Q 2024). Revenue: ฿369.3m (down 22% from 1Q 2024). Net income: ฿1.00m (down 93% from 1Q 2024). Profit margin: 0.3% (down from 3.2% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Anuncio • Apr 24
Scan Inter Public Company Limited Approves Omission of Dividend Payment for the Fiscal Year 2024 Scan Inter Public Company Limited at its Annual General Meeting of Shareholders held on April 23, 2025, approved the suspension of the allocation of net profits for the year 2024 as legal reserves since the Company's legal reserves met the requirements of the law and the omission of dividend payment for the fiscal year 2024 as the Company plans to expand its customer base by targeting new businesses, including the LNG station construction project for vehicles and the industrial compressed natural gas (iCNG/iLNG) business for private factories, and to allocate funds as working capital for its operations in 2025. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.5% 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: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (฿631.1m market cap, or US$18.8m). Reported Earnings • Mar 02
Full year 2024 earnings released: ฿0.18 loss per share (vs ฿0.14 profit in FY 2023) Full year 2024 results: ฿0.18 loss per share (down from ฿0.14 profit in FY 2023). Revenue: ฿1.60b (down 15% from FY 2023). Net loss: ฿217.4m (down 230% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance. New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings have declined by 5.9% 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 Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿910.1m market cap, or US$26.3m). New Risk • Nov 19
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 10% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (฿885.8m market cap, or US$25.6m). Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.04, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 13x in the Gas Utilities industry in Asia. Total loss to shareholders of 50% over the past three years. Anuncio • Aug 23
Chamnarn Wangtal Resigns as Independent Director of Scan Inter Public Company Limited Scan Inter Public Company Limited announced that Mr. Chamnarn Wangtal, have informed resignation from position as Independent Director, Member of the Audit Committee, and Chairman of the Risk Management Committee, Member of the Nomination, Remuneration, Corporate Governance and Sustainable Development Committee due to personal commitments. This resignation is effective from August 23, 2024 onwards. However, the board of directors will consider selecting qualified individuals to appoint to the vacant position of director. New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 44% This is considered a minor 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 Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (฿1.33b market cap, or US$38.1m). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.04 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.008 (down from ฿0.04 in 2Q 2023). Revenue: ฿414.5m (down 20% from 2Q 2023). Net income: ฿9.22m (down 81% from 2Q 2023). Profit margin: 2.2% (down from 9.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.056 in 1Q 2023) First quarter 2024 results: EPS: ฿0.013 (down from ฿0.056 in 1Q 2023). Revenue: ฿475.8m (up 23% from 1Q 2023). Net income: ฿15.3m (down 77% from 1Q 2023). Profit margin: 3.2% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 30% per year, which means it is significantly lagging earnings. Anuncio • Apr 30
Scan Inter Public Company Limited Approves Dividend for the Year Ended on 31 December 2023, Payable on 23 May 2024 Scan Inter Public Company Limited announced that at its AGM held on 29 April 2024, approved of the dividend payment from the Company's unappropriated retained earnings are THB 0.0124 per share, a total of THB 15,000,000 for the year ended on 31 December 2023. The dividend payment as above is payable from the retained earnings, which is subject to corporate income tax of 20%. Shareholders who qualify to receive the dividend will be listed on 8 May 2024, and the dividend allocation date of 23 May 2024. Anuncio • Apr 19
Scan Inter Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 13.113356 million. Scan Inter Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 13.113356 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 9,170,179
Price\Range: THB 1.43
Transaction Features: ESOP Related Offering New Risk • Apr 08
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: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.9% net profit margin). Market cap is less than US$100m (฿1.15b market cap, or US$31.5m). Declared Dividend • Feb 22
Dividend of ฿0.012 announced Shareholders will receive a dividend of ฿0.012. Ex-date: 7th May 2024 Payment date: 23rd May 2024 Dividend yield will be 0.9%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.3% EPS decline seen over the last 5 years. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: ฿0.14 (vs ฿0.29 in FY 2022) Full year 2023 results: EPS: ฿0.14 (down from ฿0.29 in FY 2022). Revenue: ฿1.88b (up 34% from FY 2022). Net income: ฿167.8m (down 51% from FY 2022). Profit margin: 8.9% (down from 25% in FY 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.018 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.02 (up from ฿0.018 in 3Q 2022). Revenue: ฿479.7m (up 40% from 3Q 2022). Net income: ฿24.6m (up 15% from 3Q 2022). Profit margin: 5.1% (down from 6.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Anuncio • Oct 18
Scan Inter Public Company Limited Announces Director Changes Scan Inter Public Company Limited approved the appointment of Mr. Pisit Serewiwattana to be the Director and Chairman of the Board of Directors in replacement of Mr. Vichien Usanachote with effect from 17 October 2023 onwards. Anuncio • Oct 12
Scan Inter Public Company Limited Announces Mr.Vichien Usanachote, Resign as Director and Chairman Scan Inter Public Company Limited informed that Mr.Vichien Usanachote, holding positions of director and chairman of the Company has submitted a letter of resignation to the Board of Directors on 8 October 2023, caused of health problems, effective from 6 October 2023 onwards. However, the Company is on the replacement process for the vacant positions by the consideration of the Nomination and Remuneration Committee of the Company. Once there is an appointment resolution. Anuncio • Oct 11
Scan Inter Public Company Limited Announces Appointment of Ekajai Tivutanond as Member of the Audit Committee Scan Inter Public Company Limited announced that the Board of Directors' Meeting no.06/2023 held on 5 October 2023 has passed the resolutions to appoint Mr. Ekajai Tivutanond to be the Member of the Audit Committee and effective from October 5, 2023 onwards. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.029 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.04 (up from ฿0.029 in 2Q 2022). Revenue: ฿516.0m (up 51% from 2Q 2022). Net income: ฿48.5m (up 40% from 2Q 2022). Profit margin: 9.4% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. Independent Director Ekajai Tivutanond was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.22 in 1Q 2022) First quarter 2023 results: EPS: ฿0.06 (down from ฿0.22 in 1Q 2022). Revenue: ฿387.4m (up 18% from 1Q 2022). Net income: ฿74.0m (down 73% from 1Q 2022). Profit margin: 19% (down from 82% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 26
Upcoming dividend of ฿0.055 per share at 3.3% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (6.2%). In line with average of industry peers (3.4%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ฿0.018 (vs ฿0.002 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.018 (up from ฿0.002 in 3Q 2021). Revenue: ฿343.4m (down 15% from 3Q 2021). Net income: ฿21.3m (up ฿19.0m from 3Q 2021). Profit margin: 6.2% (up from 0.6% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to ฿3.10 Down from ฿7.30, the current price target is provided by 1 analyst. New target price is 29% above last closing price of ฿2.40. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of ฿0.10 for next year compared to ฿0.057 last year. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: ฿0.03 (vs ฿0.013 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.03 (up from ฿0.013 in 2Q 2021). Revenue: ฿341.3m (down 17% from 2Q 2021). Net income: ฿34.6m (up 118% from 2Q 2021). Profit margin: 10% (up from 3.9% in 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 13% growth forecast for the Gas Utilities industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ฿0.22 (up from ฿0.019 in 1Q 2021). Revenue: ฿329.5m (down 13% from 1Q 2021). Net income: ฿269.0m (up ฿245.8m from 1Q 2021). Profit margin: 82% (up from 6.1% in 1Q 2021). Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 16%, compared to a 14% growth forecast for the industry in Thailand. 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 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿2.34, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total loss to shareholders of 26% over the past three years. Upcoming Dividend • Apr 28
Upcoming dividend of ฿0.055 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 23 May 2022. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (2.9%). Price Target Changed • Apr 27
Price target decreased to ฿3.10 Down from ฿7.30, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of ฿2.86. Stock is up 7.5% over the past year. The company is forecast to post earnings per share of ฿0.10 for next year compared to ฿0.057 last year. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ฿0.06 (up from ฿0.036 in FY 2020). Revenue: ฿1.69b (up 13% from FY 2020). Net income: ฿68.2m (up 57% from FY 2020). Profit margin: 4.0% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is expected to shrink by 2.1% compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 52% 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. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿1.97, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Gas Utilities industry in Asia. Total loss to shareholders of 50% over the past three years. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.002 (vs ฿0.011 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿403.7m (up 12% from 3Q 2020). Net income: ฿2.39m (down 82% from 3Q 2020). Profit margin: 0.6% (down from 3.6% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.013 (vs ฿0.01 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿411.1m (up 39% from 2Q 2020). Net income: ฿15.9m (up ฿28.4m from 2Q 2020). Profit margin: 3.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.039 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿377.3m (down 18% from 1Q 2020). Net income: ฿23.2m (down 50% from 1Q 2020). Profit margin: 6.1% (down from 10% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% 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. Anuncio • Apr 29
Scan Inter Public Company Limited Approves Dividend for 2020, Allocation Date of 20 May 2021 Scan Inter Public Company Limited approved the dividend payment from the Company's unappropriated retained earnings are THB 0.0425 per share, a total of THB 51,000,000. The dividend payment as above is payable from the retained earnings, which is subject to corporate income tax of 20%. Shareholders who qualify to receive the dividend will be listed on 7 May 2021 and the dividend allocation date of 20 May 2021 at the rate of which will be proposed to the 2020 Annual General Meeting of Shareholders. Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.043 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 20 May 2021. Trailing yield: 1.6%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 21% share price gain to ฿2.72, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 16x in the Gas Utilities industry in Asia. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improved over the past week After last week's 17% share price gain to ฿2.30, the stock trades at a trailing P/E ratio of 63.6x. Average trailing P/E is 20x in the Gas Utilities industry in Asia. Total loss to shareholders of 39% over the past three years. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS ฿0.04 (vs ฿0.16 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.50b (down 50% from FY 2019). Net income: ฿43.4m (down 78% from FY 2019). Profit margin: 2.9% (down from 6.6% 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 27% per year whereas the company’s share price has fallen by 26% per year. Is New 90 Day High Low • Jan 26
New 90-day high: ฿2.08 The company is up 24% from its price of ฿1.68 on 28 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Gas Utilities industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: ฿1.96 The company is up 13% from its price of ฿1.73 on 09 October 2020. The Thai market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 19% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.012 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿483.4m (down 26% from 3Q 2019). Net income: ฿13.1m (down 28% from 3Q 2019). Profit margin: 2.7% (down from 2.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 13
New 90-day low: ฿1.60 The company is down 13% from its price of ฿1.84 on 14 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: ฿1.68 The company is down 13% from its price of ฿1.93 on 30 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 09
New 90-day low: ฿1.73 The company is down 20% from its price of ฿2.16 on 10 July 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 6.0% over the same period.