Reported Earnings • Feb 28
Full year 2025 earnings released: ฿0.97 loss per share (vs ฿0.10 loss in FY 2024) Full year 2025 results: ฿0.97 loss per share (further deteriorated from ฿0.10 loss in FY 2024). Revenue: ฿1.60b (down 1.3% from FY 2024). Net loss: ฿3.36b (loss widened ฿3.05b from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Feb 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.0006x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.0006x net interest cover). Earnings have declined by 77% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (฿900.8m market cap, or US$29.0m). Annonce • Feb 27
Power Solution Technologies Public Company Limited, Annual General Meeting, Apr 24, 2026 Power Solution Technologies Public Company Limited, Annual General Meeting, Apr 24, 2026, at 13:00 SE Asia Standard Time. New Risk • Oct 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.18b market cap, or US$36.0m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: ฿0.027 loss per share (vs ฿0.007 loss in 2Q 2024) Second quarter 2025 results: ฿0.027 loss per share (further deteriorated from ฿0.007 loss in 2Q 2024). Revenue: ฿370.7m (up 6.7% from 2Q 2024). Net loss: ฿93.8m (loss widened 384% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.0% 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 Earnings have declined by 63% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (฿1.52b market cap, or US$47.0m). Reported Earnings • Mar 01
Full year 2024 earnings released: ฿0.10 loss per share (vs ฿0.035 loss in FY 2023) Full year 2024 results: ฿0.10 loss per share (further deteriorated from ฿0.035 loss in FY 2023). Revenue: ฿1.62b (flat on FY 2023). Net loss: ฿311.8m (loss widened 274% from FY 2023). 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 39% per year, which means it is significantly lagging earnings. Annonce • Feb 28
Power Solution Technologies Public Company Limited, Annual General Meeting, Apr 24, 2025 Power Solution Technologies Public Company Limited, Annual General Meeting, Apr 24, 2025, at 13:00 SE Asia Standard Time. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% 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 Risks Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.70b market cap, or US$49.1m). New Risk • Dec 17
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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 70% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (฿1.59b market cap, or US$46.6m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: ฿0.007 loss per share (vs ฿0.012 loss in 2Q 2023) Second quarter 2024 results: ฿0.007 loss per share (improved from ฿0.012 loss in 2Q 2023). Revenue: ฿347.5m (down 7.8% from 2Q 2023). Net loss: ฿19.4m (loss narrowed 34% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Annonce • Jul 31
Power Solution Technologies Public Company Limited Announces CFO Changes Power Solution Technologies Public Company Limited announced termination of Mrs. Jira Chamnandet as chief financial officer and appointment of Miss Katsama Arome as CFO, both effective from August 1, 2024. The person assuring overall responsibility in accounting and finance (CFO). New Risk • May 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 46% 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 Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (฿1.80b market cap, or US$49.4m). Annonce • May 18
Power Solution Technologies Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 546.364377 million. Power Solution Technologies Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 546.364377 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,092,728,754
Price\Range: THB 0.5
Transaction Features: Rights Offering Reported Earnings • May 09
First quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.004 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.011 (up from ฿0.004 loss in 1Q 2023). Revenue: ฿429.6m (down 9.5% from 1Q 2023). Net income: ฿25.0m (up ฿34.4m from 1Q 2023). Profit margin: 5.8% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. New Risk • May 07
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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.42b market cap, or US$38.6m). Board Change • Mar 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Anotai Khunalai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 02
Full year 2023 earnings released: ฿0.035 loss per share (vs ฿0.043 loss in FY 2022) Full year 2023 results: ฿0.035 loss per share (improved from ฿0.043 loss in FY 2022). Revenue: ฿1.65b (down 13% from FY 2022). Net loss: ฿83.3m (loss narrowed 18% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Annonce • Jan 23
Power Solution Technologies Public Company Limited Announces Resignation of Soammaphat Traisorat as Chairman of the Board of Directors and the Acting Chairman of the Executive Committee Power Solution Technologies Public Company Limited would like to notification that Mr. Soammaphat Traisorat has resigned from the Position of Chairman of the Board of Directors and the Acting Chairman of the Executive Committee, as he has assumed additional responsibilities and is therefore unable to fulfill the aforementioned duties completely, effective from January 23, 2024 onwards. The Company is undergoing the recruitment process for such vacant Chairman of the Board of Directors and the Chairman of the Executive Committee and shall report the progress in the next opportunity. Annonce • Nov 18
Power Solution Technologies Public Company Limited Announces Withdrew the Appointment of Kanokporn Sanawatana as Chief Financial Officer The board of directors of Power Solution Technologies Public Company Limited considered and withdrew the appointment of Mrs. Kanokporn Sanawatana as chief financial officer and approved the appointment of vice president accounting as the acting chief financial officer until updates. Reported Earnings • Aug 12
Second quarter 2023 earnings released: ฿0.012 loss per share (vs ฿0.028 loss in 2Q 2022) Second quarter 2023 results: ฿0.012 loss per share (improved from ฿0.028 loss in 2Q 2022). Revenue: ฿378.0m (down 1.5% from 2Q 2022). Net loss: ฿29.5m (loss narrowed 56% from 2Q 2022). 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 11% per year, which means it has not declined as severely as earnings. Annonce • Aug 12
Power Solution Technologies Public Company Limited Announces Change of CFO, Effective August 16, 2023 Power Solution Technologies Public Company Limited announced that Ms. Yuwaporn Pumprasert has resigned from her position as Chief Financial Officer (CFO) effective August 16, 2023. The Company has resolved to appoint Mrs. Jira Chamnandet as the Acting Chief Financial Officer (CFO) and to perform as a person taking the highest responsibility in finance and accounting effective from August 16, 2023 onwards. Price Target Changed • Nov 20
Price target increased to ฿3.70 Up from ฿2.95, the current price target is provided by 1 analyst. New target price is 116% above last closing price of ฿1.71. Stock is down 34% over the past year. The company is forecast to post earnings per share of ฿0.06 next year compared to a net loss per share of ฿0.039 last year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Anotai Khunalai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 14
Second quarter 2022 earnings released: ฿0.028 loss per share (vs ฿0.002 profit in 2Q 2021) Second quarter 2022 results: ฿0.028 loss per share (down from ฿0.002 profit in 2Q 2021). Revenue: ฿383.7m (down 51% from 2Q 2021). Net loss: ฿67.3m (down ฿72.4m from profit in 2Q 2021). Over the next year, revenue is forecast to grow 83% compared to a 2.9% decline forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: ฿0.019 loss per share (down from ฿0.022 profit in 1Q 2021). Revenue: ฿503.5m (down 22% from 1Q 2021). Net loss: ฿45.9m (down 186% from profit in 1Q 2021). Revenue missed analyst estimates by 36%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 33%, compared to a 13% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Vorapong Jamjod is the most experienced director on the board, commencing their role in 2013. Independent Director Anothai Khunalai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: ฿0.039 loss per share (up from ฿0.42 loss in FY 2020). Revenue: ฿2.34b (down 12% from FY 2020). Net loss: ฿93.4m (loss narrowed 91% from FY 2020). Revenue missed analyst estimates by 36%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 42%, compared to a 9.2% growth forecast for the oil industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 53% 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 • Nov 17
Third quarter 2021 earnings released: EPS ฿0.005 (vs ฿0.007 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿616.0m (down 2.9% from 3Q 2020). Net income: ฿10.8m (down 33% from 3Q 2020). Profit margin: 1.8% (down from 2.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.002 (vs ฿0.46 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿789.4m (up 46% from 2Q 2020). Net income: ฿5.13m (up ฿1.09b from 2Q 2020). Profit margin: 0.6% (up from net loss in 2Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 12% per year. Executive Departure • Jul 13
Company Secretary Kannika Earpin has left the company On the 1st of July, Kannika Earpin's tenure as Company Secretary ended after 2.9 years in the role. We don't have any record of a personal shareholding under Kannika's name. A total of 7 executives have left over the last 12 months. Executive Departure • Jul 13
CFO & Director Anong Panicharoennan has left the company On the 1st of July, Anong Panicharoennan's tenure as CFO & Director ended after 8.9 years in the role. We don't have any record of a personal shareholding under Anong's name. A total of 7 executives have left over the last 12 months. Price Target Changed • Jun 22
Price target increased to ฿3.70 Up from ฿3.15, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ฿2.78. Stock is up 40% over the past year. Reported Earnings • May 15
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿675.6m (up 16% from 1Q 2020). Net income: ฿53.2m (up ฿48.0m from 1Q 2020). Profit margin: 7.9% (up from 0.9% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Full year 2020 earnings released: ฿0.42 loss per share (vs ฿1.91 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿2.67b (down 17% from FY 2019). Net loss: ฿1.01b (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 24% 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 23%. Earnings per share (EPS) missed analyst estimates by 1.4%. Over the next year, revenue is expected to shrink by 12% compared to a 23% growth forecast for the Oil and Gas industry in Thailand. Is New 90 Day High Low • Feb 20
New 90-day low: ฿1.71 The company is down 2.0% from its price of ฿1.74 on 20 November 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 11% over the same period. Price Target Changed • Feb 02
Price target lowered to ฿2.04 Down from ฿3.15, the current price target is provided by 1 analyst. The new target price is 15% above the current share price of ฿1.77. As of last close, the stock is down 51% over the past year. Is New 90 Day High Low • Nov 24
New 90-day high: ฿1.91 The company is up 20% from its price of ฿1.59 on 26 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.30 per share. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS ฿0.007 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿634.7m (down 18% from 3Q 2019). Net income: ฿16.1m (down 100% from 3Q 2019). Profit margin: 2.5% (down from 393% in 3Q 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 13
New 90-day high: ฿1.81 The company is up 3.0% from its price of ฿1.75 on 15 July 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿15.84 per share. Major Estimate Revision • Sep 19
Analysts update estimates The 2020 consensus revenue estimate increased from ฿2.73b to ฿3.17b. The earning per share (EPS) estimate for the same period was downgraded from ฿0.04 to -฿0.12 where analysts now expect the company to report a loss instead of a profit. The Oil and Gas industry in Thailand is expected to see an average net income growth of 35% next year. The consensus price target was lowered from ฿3.15 to ฿3.07. Share price stayed mostly flat at ฿1.54 over the past week.