Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿0.008 (vs ฿0.10 loss in FY 2024) Full year 2025 results: EPS: ฿0.008 (up from ฿0.10 loss in FY 2024). Revenue: ฿3.32b (down 5.0% from FY 2024). Net income: ฿2.35m (up ฿31.3m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annuncio • Feb 24
Bound and Beyond Public Company Limited, Annual General Meeting, Apr 23, 2026 Bound and Beyond Public Company Limited, Annual General Meeting, Apr 23, 2026, at 12:30 SE Asia Standard Time. Annuncio • Nov 26
Bound and Beyond Public Company Limited (SET:BEYOND) announces an Equity Buyback for 29,006,873 shares, representing 10% for THB 250 million. Bound and Beyond Public Company Limited (SET:BEYOND) announces a share repurchase program. Under the program, the company will repurchase up to 29,006,873 shares, representing 9.99% of its share capital, for TBH 250 million. The repurchase price must not exceed 115% of the average closing price of 5 business days prior to each repurchase date. The purpose of the program is to enhance the rate of return on equity and earning per share, and create revenues for the business in the future. The program will be valid till May 31, 2026. As of March 11, 2025, the company 290,068,730 shares issued. New Risk • Nov 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 6.7% 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 (0.9x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿1.42b market cap, or US$43.8m). Reported Earnings • Nov 12
Third quarter 2025 earnings released: ฿0.28 loss per share (vs ฿0.23 loss in 3Q 2024) Third quarter 2025 results: ฿0.28 loss per share (further deteriorated from ฿0.23 loss in 3Q 2024). Revenue: ฿664.9m (down 6.7% from 3Q 2024). Net loss: ฿81.7m (loss widened 22% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: ฿0.30 loss per share (vs ฿0.25 loss in 2Q 2024) Second quarter 2025 results: ฿0.30 loss per share (further deteriorated from ฿0.25 loss in 2Q 2024). Revenue: ฿646.9m (down 15% from 2Q 2024). Net loss: ฿88.4m (loss widened 23% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ฿0.19 (down from ฿0.23 in 1Q 2024). Revenue: ฿918.1m (down 4.0% from 1Q 2024). Net income: ฿55.5m (down 18% from 1Q 2024). Profit margin: 6.0% (down from 7.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Hospitality industry in Thailand. 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. Reported Earnings • Feb 26
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: ฿0.13 loss per share (down from ฿0.54 profit in FY 2023). Revenue: ฿3.48b (up 17% from FY 2023). Net loss: ฿37.0m (down 124% from profit in FY 2023). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annuncio • Feb 25
Bound and Beyond Public Company Limited, Annual General Meeting, Apr 24, 2025 Bound and Beyond Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 15
Third quarter 2024 earnings released: ฿0.23 loss per share (vs ฿0.21 loss in 3Q 2023) Third quarter 2024 results: ฿0.23 loss per share (further deteriorated from ฿0.21 loss in 3Q 2023). Revenue: ฿712.5m (up 4.4% from 3Q 2023). Net loss: ฿67.2m (loss widened 9.4% from 3Q 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2024 earnings released: ฿0.25 loss per share (vs ฿0.71 profit in 2Q 2023) Second quarter 2024 results: ฿0.25 loss per share (down from ฿0.71 profit in 2Q 2023). Revenue: ฿763.3m (up 25% from 2Q 2023). Net loss: ฿72.0m (down 135% from profit in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Major Estimate Revision • May 31
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿0.43 to ฿0.34. Revenue forecast unchanged from ฿3.40b at last update. Net income forecast to shrink 35% next year vs 15% growth forecast for Hospitality industry in Thailand . Consensus price target down from ฿22.00 to ฿20.00. Share price was steady at ฿9.70 over the past week. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ฿0.23 (vs ฿0.059 in 1Q 2023) First quarter 2024 results: EPS: ฿0.23 (up from ฿0.059 in 1Q 2023). Revenue: ฿956.4m (up 17% from 1Q 2023). Net income: ฿67.5m (up 296% from 1Q 2023). Profit margin: 7.1% (up from 2.1% in 1Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 28
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿0.49 to ฿0.43 per share. Revenue forecast steady at ฿3.40b. Net income forecast to shrink 15% next year vs 14% growth forecast for Hospitality industry in Thailand . Consensus price target of ฿22.00 unchanged from last update. Share price rose 2.6% to ฿11.90 over the past week. Annuncio • Mar 21
Bound and Beyond Public Company Limited Announces Resignation of Chokchai Aksaranan as Independent Director and Chairman of the Risk Management Committee Bound and Beyond Public Company Limited announced that Dr. Chokchai Aksaranan, who holds the positions of the Company's Independent Director and Chairman of the Risk Management Committee, resigned from the said positions due to his personal engagements. The resignation letter arrived at the Company on March 18, 2024, therefore the resignation is effective from March 18, 2024, onwards. Annuncio • Mar 02
Bound and Beyond Public Company Limited, Annual General Meeting, Apr 23, 2024 Bound and Beyond Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider the Chairman's message To acknowledge the Company's performance results for the year 2023; to consider and approve the Company's financial statements for the fiscal year ended December 31, 2023; to acknowledge the allocation of net profit as legal reserve, and approve an omission of 2023 annual dividend payment; to consider and approve the appointment of auditors and determination of audit fee for the fiscal year ended December 31, 2024 The Chairman's message; to acknowledge the Company's performance results for the year 2023; to consider and approve the Company's financial statements for the fiscal year ended December 31, 2023; to acknowledge the allocation of net profit as legal reserve, and approve an omission of 2023 annual dividend payment; to consider and approve the appointment of auditors and determination of audit fee for the fiscal year ended December 31, 2024; and to consider other matters. Reported Earnings • Mar 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ฿0.54 (up from ฿1.18 loss in FY 2022). Revenue: ฿3.32b (up 52% from FY 2022). Net income: ฿157.2m (up ฿499.1m from FY 2022). Profit margin: 4.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 7.9%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 191% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿3.36b market cap, or US$93.6m). Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: ฿0.21 loss per share (improved from ฿0.50 loss in 3Q 2022). Revenue: ฿689.6m (up 30% from 3Q 2022). Net loss: ฿61.4m (loss narrowed 58% from 3Q 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality 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 only increased by 12% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 02
Bound and Beyond Public Company Limited Announces Ms. Supak Chaiyawan Resigns as Director Bound and Beyond Public Company Limited informed that Ms. Supak Chaiyawan, who holds the position of the Company's Director, has resigned from the said position due to other significant engagements. The resignation is effective from November 1, 2023 onwards. New Risk • Oct 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.68b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (฿3.68b market cap, or US$99.7m). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: ฿0.71 (vs ฿0.63 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.71 (up from ฿0.63 loss in 2Q 2022). Revenue: ฿613.9m (up 36% from 2Q 2022). Net income: ฿204.9m (up ฿388.1m from 2Q 2022). Profit margin: 33% (up from net loss in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.059 (vs ฿0.35 loss in 1Q 2022) First quarter 2023 results: EPS: ฿0.059 (up from ฿0.35 loss in 1Q 2022). Revenue: ฿816.9m (up 125% from 1Q 2022). Net income: ฿17.0m (up ฿119.7m from 1Q 2022). Profit margin: 2.1% (up from net loss in 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 36% per year. Annuncio • May 17
Bound and Beyond Public Company Limited Announces Appointment of the Thanat Sunthornmethanon as Company Secretary Bound and Beyond Public Company Limited announced at the board meeting held on May 12, 2023 that the company approved appointment of Mr. Thanat Sunthornmethanon as the Company Secretary, with effective date of May 12, 2023 onwards. Buying Opportunity • Apr 21
Now 23% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be ฿19.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 95% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 35% in a year. Earnings is forecast to grow by 87% in the next year. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿16.70, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 39x in the Hospitality industry in Thailand. Total returns to shareholders of 190% over the past three years. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ben Taechaubol was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 15
Second quarter 2022 earnings released: ฿0.63 loss per share (vs ฿0.004 loss in 2Q 2021) Second quarter 2022 results: ฿0.63 loss per share (down from ฿0.004 loss in 2Q 2021). Revenue: ฿451.2m (up ฿448.4m from 2Q 2021). Net loss: ฿183.2m (loss widened ฿182.2m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2022 earnings released: ฿0.36 loss per share (vs ฿0.29 profit in 1Q 2021) First quarter 2022 results: ฿0.36 loss per share (down from ฿0.29 profit in 1Q 2021). Revenue: ฿363.6m (up ฿346.5m from 1Q 2021). Net loss: ฿102.7m (down 254% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Ben Taechaubol was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿3.41 (up from ฿0.36 in FY 2020). Revenue: ฿672.9m (up 78% from FY 2020). Net income: ฿851.6m (up ฿771.2m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.92 (vs ฿0.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿283.5m (up 202% from 3Q 2020). Net income: ฿216.8m (up 378% from 3Q 2020). Profit margin: 77% (up from 48% 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 42% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Nov 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Chumpol Rimsakorn was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Oct 10
Independent Director Vinai Vamvanij has left the company On the 1st of October, Vinai Vamvanij's tenure as Independent Director ended after 22.9 years in the role. As of June 2021, Vinai still personally held only 8.00k shares (฿73k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Board Change • Oct 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kamonwan Wipulakorn was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 16
Independent Director Karel Vinck has left the company On the 10th of September, Karel Vinck's tenure as Independent Director ended after 21.2 years in the role. We don't have any record of a personal shareholding under Karel's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Sep 07
Company Secretary Suthathip Pilasarom has left the company On the 1st of September, Suthathip Pilasarom's tenure as Company Secretary ended after 3.7 years in the role. We don't have any record of a personal shareholding under Suthathip's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.83 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2021 earnings released: ฿0.10 loss per share (vs ฿0.045 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: ฿29.9m (down 70% from 2Q 2020). Net loss: ฿22.4m (loss widened 118% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2021 earnings released: EPS ฿0.29 (vs ฿0.28 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ฿151.0m (up 47% from 1Q 2020). Net income: ฿66.6m (up 5.3% from 1Q 2020). Profit margin: 44% (down from 62% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 20% share price gain to ฿9.85, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 17x in the Metals and Mining industry in Thailand. Total loss to shareholders of 59% over the past three years. Is New 90 Day High Low • Feb 25
New 90-day low: ฿7.80 The company is down 11% from its price of ฿8.80 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 Metals and Mining industry, which is up 27% over the same period. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS ฿0.36 (vs ฿0.51 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿378.2m (down 3.8% from FY 2019). Net income: ฿80.4m (up ฿196.1m from FY 2019). Profit margin: 21% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 28
New 90-day low: ฿7.85 The company is down 2.0% from its price of ฿8.00 on 30 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 37% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ฿0.20 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿133.7m (up 39% from 3Q 2019). Net income: ฿45.4m (up ฿74.5m from 3Q 2019). Profit margin: 34% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 125% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 11
New 90-day high: ฿8.65 The company is up 15% from its price of ฿7.55 on 13 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period.