Reported Earnings • May 17
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: ฿0.15 (down from ฿0.20 in 1Q 2025). Revenue: ฿6.30b (down 1.7% from 1Q 2025). Net income: ฿276.5m (down 24% from 1Q 2025). Profit margin: 4.4% (down from 5.7% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • May 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 7.1% 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 (2.4x net interest cover). 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 (7.1% average weekly change). Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.30 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (5.6%). New Risk • Mar 02
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Feb 28
Final dividend of ฿0.30 announced Shareholders will receive a dividend of ฿0.30. Ex-date: 30th April 2026 Payment date: 20th May 2026 Dividend yield will be 4.5%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ฿0.65 (up from ฿0.62 in FY 2024). Revenue: ฿25.4b (up 2.9% from FY 2024). Net income: ฿1.17b (up 4.7% from FY 2024). Profit margin: 4.6% (up from 4.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Logistics 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 23% per year, which means it is significantly lagging earnings. Annonce • Feb 26
SCGJWD Logistics Public Company Limited Proposes Dividend for the Operating Period from 1 January 2025 to 31 December, 2025, Payable on 20 May 2026 SCGJWD Logistics Public Company Limited at the AGM to be held on 23 April 2026 the Board of Directors has resolved to propose to the Annual General Meeting of Shareholders for consideration and approval the dividend payment for the year 2025 at the rate of THB 0.40 per share, totaling THB 710.61 million. The dividend shall be paid from the net profit of the separate financial statements for the operating period from 1 January 2025 to 31 December 2025, representing 96.86% of the net profit based on the separate financial statements, or 60.63% of the net profit based on the consolidated financial statements. The Company has already paid an interim dividend for the first half of the year at the rate of THB 0.10 per share, amounting to THB 177.65 million, on 12 September 2025, pursuant to the resolution of the Board of Directors' Meeting No. 4/2025 held on 14 August 2025. The remaining final dividend shall be paid at the rate of THB 0.30 per share, totaling approximately THB 532.96 million, in accordance with the Company's dividend policy. The total of dividend shall be deducted withholding tax at the rate as prescribed by law. The Company has determined the date on which the recorded shareholders are entitled to receive the dividend (Record Date) to be on 5 May 2026. The dividend payment shall be made on 20 May 2026. Annonce • Feb 25
SCGJWD Logistics Public Company Limited, Annual General Meeting, Apr 23, 2026 SCGJWD Logistics Public Company Limited, Annual General Meeting, Apr 23, 2026, at 13:30 SE Asia Standard Time. Location: hybrid meeting, banthat thong meeting room, 6th floor workspace, mespace self storage siam building, 188/72, chulalongkorn soi 16, banthat thong rd., wang mai, pathum wan, bangkok Thailand Reported Earnings • Nov 15
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ฿0.14 (in line with 3Q 2024). Revenue: ฿6.24b (flat on 3Q 2024). Net income: ฿257.8m (up 1.2% from 3Q 2024). Profit margin: 4.1% (in line with 3Q 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ฿10.20. The fair value is estimated to be ฿8.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 9.1%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Major Estimate Revision • Aug 22
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ฿25.8b to ฿26.0b. EPS estimate increased from ฿0.533 to ฿0.592 per share. Net income forecast to grow 1.4% next year vs 18% growth forecast for Logistics industry in Thailand. Consensus price target up from ฿10.58 to ฿11.55. Share price rose 7.9% to ฿10.30 over the past week. Upcoming Dividend • Aug 21
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 16
Second quarter 2025 earnings: Revenues and EPS in line with analyst expectations Second quarter 2025 results: EPS: ฿0.16 (down from ฿0.28 in 2Q 2024). Revenue: ฿6.42b (up 10% from 2Q 2024). Net income: ฿282.5m (down 45% from 2Q 2024). Profit margin: 4.4% (down from 8.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Logistics industry in Asia. 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 17% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 16
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ฿9.55. The fair value is estimated to be ฿7.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 9.1%. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to decline by 2.0% in the next 2 years. New Risk • May 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% 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 Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.28 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (5.1%). Annonce • Apr 30
SCGJWD Logistics Public Company Limited Approves to Pay Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 23 May 2025 SCGJWD Logistics Public Company Limited has convened the Annual General Meeting of Shareholders for the year 2025 on 29 April 2025 approved to pay dividend by cash at the rate of THB 0.28 per share or the amount of approximately THB 507.09 million or being 93.74% of the net profit in the separate financial statements operating period from 1 January 2024 to 31 December 2024, or 45.31% of the net profit in the consolidated financial statements which is in accordance with the dividend payment policy. The dividend shall be paid out of the net profit of the separate financial statement. The total of dividend shall be deducted withholding tax at the rate as prescribed by law. The Company has determined the date on which the recorded shareholders are entitled to receive the dividend (Record Date) to be on 8 May 2025. The dividend payment shall be made on 23 May
2025. Annonce • Apr 19
SCGJWD Logistics Public Company Limited (SET:SJWD) announces an Equity Buyback for 50,000,000 shares, representing 2.76% for THB 300 million. SCGJWD Logistics Public Company Limited (SET:SJWD) announces a share repurchase program. Under the program the company will repurchase up to 50,000,000 shares, representing 2.76% of the issued capital for THB 300 million. The repurchase price shall not exceed 115% of the average closing price in the period of five consecutive days prior to each repurchase date. The purpose of the share buyback is to ensure the Company’s excess liquidity management is conducted for the utmost benefit, to increase the return on equity (ROE) and the earnings per share (EPS) and enabling the future share price to reflect the Company’s true value. The program will expire on October 22, 2025. As of March 19, 2024, the company had 1,811,020,306 shares in issue. New Risk • Apr 16
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 7.4% 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 Interest payments are not well covered by earnings (1.6x net interest cover). 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 (7.4% average weekly change). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ฿5.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Logistics industry in Thailand. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.52 per share. Buy Or Sell Opportunity • Mar 21
Now 21% overvalued Over the last 90 days, the stock has fallen 30% to ฿7.20. The fair value is estimated to be ฿5.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 2.6% per annum over the same time period. Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿26.6b to ฿26.2b. EPS estimate also fell from ฿0.576 per share to ฿0.515 per share. Net income forecast to shrink 17% next year vs 14% growth forecast for Logistics industry in Thailand . Consensus price target down from ฿13.96 to ฿12.20. Share price rose 5.2% to ฿7.10 over the past week. Buy Or Sell Opportunity • Mar 07
Now 20% overvalued Over the last 90 days, the stock has fallen 37% to ฿7.10. The fair value is estimated to be ฿5.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 2.6% per annum over the same time period. Price Target Changed • Mar 06
Price target decreased by 13% to ฿12.20 Down from ฿13.96, the current price target is an average from 5 analysts. New target price is 73% above last closing price of ฿7.05. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.52 for next year compared to ฿0.62 last year. Declared Dividend • Mar 02
Dividend increased to ฿0.28 Dividend of ฿0.28 is 12% higher than last year. Ex-date: 7th May 2025 Payment date: 23rd May 2025 Dividend yield will be 4.1%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 30% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 9.1% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ฿0.62 (up from ฿0.44 in FY 2023). Revenue: ฿24.7b (up 3.3% from FY 2023). Net income: ฿1.12b (up 47% from FY 2023). Profit margin: 4.5% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Logistics industry in Thailand. 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 28% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 15
Price target decreased by 18% to ฿13.96 Down from ฿17.06, the current price target is an average from 5 analysts. New target price is 89% above last closing price of ฿7.40. Stock is down 53% over the past year. The company is forecast to post earnings per share of ฿0.53 for next year compared to ฿0.44 last year. Annonce • Feb 04
SCGJWD Logistics Public Company Limited Announces Resignation of Kalin Sarasin as Director SCGJWD Logistics Public Company Limited announced that Mr. Kalin Sarasin has resigned from his position as director due to other commitments that may affect his ability to perform his duties effectively. The resignation will be effective from 31 January 2025 onwards. New Risk • Jan 04
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 (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Buy Or Sell Opportunity • Dec 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ฿9.85. The fair value is estimated to be ฿12.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 5.3% in the next 2 years. Annonce • Oct 02
SCGJWD Logistics Public Company Limited Announces the Resignation of Ariya Banomyong as Independent Director and Member of the Nomination, Remuneration, Corporate Governance, and Sustainable Development Committee SCGJWD Logistics Public Company Limited announced that Mr. Ariya Banomyong has resigned from his position as Independent Director and Member of the Nomination, Remuneration, Corporate Governance, and Sustainable Development Committee due to personal commitments. The resignation will be effective from 1 October 2024 onwards. The Nomination, Remuneration, Corporate Governance, and Sustainable Development Committee will next identify qualified candidates and submit them to the Board of Directors for approval. The Company will update the Stock Exchange of Thailand and investors accordingly at the earliest opportunity. Board Change • Sep 25
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Jiraphant Asvatanakul was the last independent director to join the board, commencing their role in 2023. 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 • May 11
First quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.16 in 1Q 2023) First quarter 2024 results: EPS: ฿0.18. Revenue: ฿6.28b (up 28% from 1Q 2023). Net income: ฿164.1m (down 29% from 1Q 2023). Profit margin: 2.6% (down from 4.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Logistics industry in Thailand. Upcoming Dividend • May 02
Upcoming dividend of ฿0.25 per share Eligible shareholders must have bought the stock before 09 May 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (2.2%). Annonce • Apr 30
SCGJWD Logistics Public Company Limited Approves Dividend for the Year Ended 31 December 2023, Payable on 27 May 2024 SCGJWD Logistics Public Company Limited at its AGM held on April 29, 2024, approved dividend by cash at the rate of THB 0.25 per share or the amount of approximately THB 452.75 million or being 87.86% of the net profit in the separate financial statements operating period from 1 January 2023 to 31 December 2023, or 59.47% of the net profit in the consolidated financial statements which is in accordance with the dividend payment policy. The dividend shall be paid out of the net profit of the separate financial statement operating period from 1 January 2023 to 31 December 2023. The Company has determined the date on which the recorded shareholders are entitled to receive the dividend (Record Date) to be on 10 May 2024. The dividend payment shall be made on 27 May 2024. Buy Or Sell Opportunity • Mar 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ฿16.40. The fair value is estimated to be ฿13.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Earnings per share has grown by 7.8%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Mar 02
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: ฿0.44. Revenue: ฿24.0b (up 302% from FY 2022). Net income: ฿761.3m (up 51% from FY 2022). Profit margin: 3.2% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 5.4%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in Thailand. Annonce • Mar 02
SCGJWD Logistics Public Company Limited, Annual General Meeting, Apr 29, 2024 SCGJWD Logistics Public Company Limited, Annual General Meeting, Apr 29, 2024, at 10:30 SE Asia Standard Time. Location: Banthat Thong meeting room, 6th Floor Workspace, MeSpace Self Storage Siam Building, 188/72 Chulalongkorn Soi 16, Banthat Thong Rd., Wang Mai, Pathum Wan, Bangkok Thailand Agenda: To acknowledge the Company's Operation Result of the Year 2023; to approve the financial statements for the fiscal year ended 31 December 2023; to approve the appropriation of the net profit as legal reserve and the dividend payment for the Year 2023; to approve the appointment of the auditors and the determination of the remuneration of the auditors for the Year 2024; to approve the election of directors to replace the directors who retire by rotation; to approve the determination of the remuneration of the directors for the Year 2024; to approve the amendment of the Company's objectives and Memorandum of Association to be consistent with the amendment of the Company's objectives; and to discuss other matters. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿13.40, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Logistics industry in Thailand. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿8.14 per share. Reported Earnings • Nov 15
Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations Third quarter 2023 results: EPS: ฿0.08. Revenue: ฿6.47b (up 307% from 3Q 2022). Net income: ฿139.8m (up 25% from 3Q 2022). Profit margin: 2.2% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Logistics industry in Thailand. New Risk • Oct 25
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 186% Cash payout ratio: 241% Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿11.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Logistics industry in Asia. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿8.27 per share. Annonce • Oct 18
SCGJWD Logistics Public Company Limited to Report Q3, 2023 Results on Nov 14, 2023 SCGJWD Logistics Public Company Limited announced that they will report Q3, 2023 results on Nov 14, 2023 Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.60 to ฿0.417 per share. Revenue forecast steady at ฿24.7b. Net income forecast to grow 79% next year vs 16% growth forecast for Logistics industry in Thailand. Consensus price target down from ฿21.70 to ฿19.13. Share price was steady at ฿14.60 over the past week. Price Target Changed • Aug 19
Price target decreased by 12% to ฿19.13 Down from ฿21.70, the current price target is an average from 3 analysts. New target price is 34% above last closing price of ฿14.30. Stock is down 16% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.49 last year. Price Target Changed • Aug 17
Price target decreased by 9.3% to ฿20.70 Down from ฿22.83, the current price target is an average from 3 analysts. New target price is 45% above last closing price of ฿14.30. Stock is down 15% over the past year. The company is forecast to post earnings per share of ฿0.65 for next year compared to ฿0.49 last year. Reported Earnings • Aug 16
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: ฿0.08 (down from ฿0.15 in 2Q 2022). Revenue: ฿6.19b (up 347% from 2Q 2022). Net income: ฿129.3m (down 16% from 2Q 2022). Profit margin: 2.1% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Logistics industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jun 30
SCGJWD Logistics Public Company Limited to Report Q2, 2023 Results on Aug 15, 2023 SCGJWD Logistics Public Company Limited announced that they will report Q2, 2023 results on Aug 15, 2023 Annonce • Jun 16
SCGJWD Logistics Public Company Limited Appoints Miss Chanitnan Chankhrueang (Acting) as Acting Chief Accountant SCGJWD Logistics Public Company Limited appointed Miss Chanitnan Chankhrueang (Acting) as Assistant Accounting Division Manager and Acting Chief Accountant. Effective Date of Appointment 15-June-2023. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.12 in 1Q 2022) First quarter 2023 results: EPS: ฿0.16 (up from ฿0.12 in 1Q 2022). Revenue: ฿4.92b (up 254% from 1Q 2022). Net income: ฿231.2m (up 84% from 1Q 2022). Profit margin: 4.7% (down from 9.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Logistics industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of ฿0.78 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 16 January 2023. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (2.9%). Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.71 to ฿0.56. Revenue forecast unchanged from ฿5.87b at last update. Net income forecast to grow 82% next year vs 22% growth forecast for Logistics industry in Thailand. Consensus price target broadly unchanged at ฿22.39. Share price rose 6.8% to ฿20.40 over the past week. 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 not 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 Vichaya Chatikavanij was the last independent director to join the board, commencing their role in 2014. 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 • Nov 13
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ฿0.11 (down from ฿0.14 in 3Q 2021). Revenue: ฿1.60b (up 16% from 3Q 2021). Net income: ฿111.7m (down 20% from 3Q 2021). Profit margin: 7.0% (down from 10% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Logistics industry in Thailand. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 09
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 not 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 Vichaya Chatikavanij was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 16% share price gain to ฿15.40, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Logistics industry in Asia. Total returns to shareholders of 81% over the past three years. Price Target Changed • May 21
Price target decreased to ฿20.90 Down from ฿22.48, the current price target is an average from 4 analysts. New target price is 40% above last closing price of ฿14.90. Stock is up 21% over the past year. The company is forecast to post earnings per share of ฿0.63 for next year compared to ฿0.56 last year. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ฿0.12 (down from ฿0.14 in 1Q 2021). Revenue: ฿1.39b (up 31% from 1Q 2021). Net income: ฿125.7m (down 11% from 1Q 2021). Profit margin: 9.0% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 5.3%, compared to a 2.5% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 03
Upcoming dividend of ฿0.25 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 45% and the cash payout ratio is 83%. Trailing yield: 1.6%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (2.5%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Vichaya Chatikavanij was the last independent director to join the board, commencing their role in 2014. 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 • Mar 03
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.56 (up from ฿0.28 in FY 2020). Revenue: ฿5.25b (up 35% from FY 2020). Net income: ฿571.7m (up 97% from FY 2020). Profit margin: 11% (up from 7.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 8.1%, compared to a 7.4% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 05
Price target increased to ฿23.30 Up from ฿21.30, the current price target is an average from 3 analysts. New target price is 18% above last closing price of ฿19.80. Stock is up 132% over the past year. The company is forecast to post earnings per share of ฿0.48 for next year compared to ฿0.28 last year. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 20% share price gain to ฿19.10, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 24x in the Logistics industry in Thailand. Total returns to shareholders of 208% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.07 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.39b (up 41% from 3Q 2020). Net income: ฿139.1m (up 92% from 3Q 2020). Profit margin: 10.0% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.05 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿1.28b (up 46% from 2Q 2020). Net income: ฿115.5m (up 140% from 2Q 2020). Profit margin: 9.0% (up from 5.5% in 2Q 2020). The increase in margin was driven by higher 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 29% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 30% share price gain to ฿15.70, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 32x in the Logistics industry in Thailand. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.95 per share. Upcoming Dividend • May 04
Upcoming dividend of ฿0.22 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 28 May 2021. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • May 01
Investor sentiment improved over the past week After last week's 24% share price gain to ฿11.70, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 30x in the Logistics industry in Thailand. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿20.51 per share. Major Estimate Revision • Apr 11
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from ฿4.80b to ฿4.23b. EPS estimate increased from ฿0.34 to ฿0.40 per share. Net income forecast to grow 38% next year vs 21% growth forecast for Logistics industry in Thailand. Consensus price target of ฿12.90 unchanged from last update. Share price rose 9.1% to ฿9.55 over the past week. Major Estimate Revision • Mar 05
Analysts update estimates The 2021 consensus revenue estimate increased from ฿4.25b to ฿4.64b. Earnings per share (EPS) estimate was lowered from ฿0.36 to ฿0.33 for the same period. Net income is expected to grow by 20% next year compared to 21% growth forecast for the Logistics industry in Thailand. The consensus price target of ฿11.53 was unchanged from the last update. Share price is up 7.9% to ฿8.85 over the past week. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ฿0.28 (vs ฿0.36 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿3.92b (up 8.8% from FY 2019). Net income: ฿290.0m (down 20% from FY 2019). Profit margin: 7.4% (down from 10% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 7.7%. Over the next year, revenue is forecast to grow 8.4%, compared to a 19% growth forecast for the Logistics industry in Thailand. Is New 90 Day High Low • Feb 25
New 90-day low: ฿8.20 The company is down 1.0% from its price of ฿8.30 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿9.94 per share. Is New 90 Day High Low • Jan 14
New 90-day high: ฿9.15 The company is up 27% from its price of ฿7.20 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Logistics industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿9.75 per share. Is New 90 Day High Low • Dec 14
New 90-day high: ฿9.10 The company is up 24% from its price of ฿7.35 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿9.36 per share. Price Target Changed • Dec 01
Price target raised to ฿11.13 Up from ฿9.40, the current price target is an average from 3 analysts. The new target price is 33% above the current share price of ฿8.40. As of last close, the stock is up 5.7% over the past year. Is New 90 Day High Low • Nov 23
New 90-day high: ฿8.35 The company is up 14% from its price of ฿7.35 on 25 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics 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 ฿8.04 per share. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ฿0.07 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿985.6m (up 10% from 3Q 2019). Net income: ฿72.5m (down 3.3% from 3Q 2019). Profit margin: 7.4% (down from 8.4% in 3Q 2019). The decrease in margin was driven by higher 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 13% per year. Is New 90 Day High Low • Sep 25
New 90-day high: ฿7.70 The company is up 18% from its price of ฿6.50 on 26 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿8.06 per share. 
