View ValuationTISCO Financial Group 将来の成長Future 基準チェック /16TISCO Financial Group利益と収益がそれぞれ年間3.1%と6.2%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.8% 2.7%なると予測されています。主要情報3.1%収益成長率2.70%EPS成長率Banks 収益成長1.1%収益成長率6.2%将来の株主資本利益率15.80%アナリストカバレッジGood最終更新日29 Apr 2026今後の成長に関する最新情報Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿7.20 to ฿8.07. Revenue forecast steady at ฿18.9b. Net income forecast to grow 5.0% next year vs 17% growth forecast for Banks industry in Thailand. Consensus price target of ฿103 unchanged from last update. Share price fell 9.8% to ฿92.00 over the past week.Price Target Changed • Dec 24Price target raised to ฿95.17Up from ฿87.82, the current price target is an average from 16 analysts. The new target price is 10% above the current share price of ฿86.25. As of last close, the stock is down 12% over the past year.すべての更新を表示Recent updatesお知らせ • May 19TISCO Financial Group Public Company Limited to Report Q2, 2026 Results on Jul 14, 2026TISCO Financial Group Public Company Limited announced that they will report Q2, 2026 results at 9:30 AM, SE Asia Standard Time on Jul 14, 2026Upcoming Dividend • Apr 22Upcoming dividend of ฿5.75 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 19 May 2026. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.4%). In line with average of industry peers (6.4%).Reported Earnings • Apr 17First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ฿2.17 (up from ฿2.05 in 1Q 2025). Revenue: ฿4.39b (up 2.2% from 1Q 2025). Net income: ฿1.73b (up 5.5% from 1Q 2025). Profit margin: 40% (up from 38% in 1Q 2025). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Declared Dividend • Mar 01Final dividend of ฿5.75 announcedDividend of ฿5.75 is the same as last year. Ex-date: 29th April 2026 Payment date: 19th May 2026 Dividend yield will be 6.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (86% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.5% to bring the payout ratio under control. EPS is expected to grow by 9.9% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Feb 27+ 1 more updateTISCO Financial Group Public Company Limited Proposes Dividend for the Year 2025, Payable on May 19, 2026TISCO Financial Group Public Company Limited at its board meeting held on February 26, 2026 proposed dividend at the rate of THB 5.75 per share to common shareholders amounting to approximately THB 4,603,769,027, making the total dividend of THB 6,205,075,995, by setting the record date on April 30, 2026, to determine the list of shareholders entitled to receive dividend, and the dividend payment shall be made on May 19, 2026. The AGM will be held on April 23, 2026.Buy Or Sell Opportunity • Feb 02Now 20% undervaluedOver the last 90 days, the stock has risen 3.7% to ฿112. The fair value is estimated to be ฿141, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.3%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period.Reported Earnings • Jan 15Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ฿8.32 (down from ฿8.62 in FY 2024). Revenue: ฿17.3b (down 3.0% from FY 2024). Net income: ฿6.66b (down 3.5% from FY 2024). Profit margin: 39% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.お知らせ • Dec 24TISCO Financial Group Public Company Limited to Report Fiscal Year 2025 Results on Jan 14, 2026TISCO Financial Group Public Company Limited announced that they will report fiscal year 2025 results at 9:30 AM, SE Asia Standard Time on Jan 14, 2026Buy Or Sell Opportunity • Dec 20Now 20% undervaluedOver the last 90 days, the stock has risen 8.4% to ฿110. The fair value is estimated to be ฿138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.8%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 3.1% in the next 2 years.Reported Earnings • Nov 19Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿2.16 (up from ฿2.14 in 3Q 2024). Revenue: ฿4.44b (flat on 3Q 2024). Net income: ฿1.73b (up 1.0% from 3Q 2024). Profit margin: 39% (in line with 3Q 2024). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Oct 15Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿2.16 (up from ฿2.14 in 3Q 2024). Revenue: ฿4.44b (flat on 3Q 2024). Net income: ฿1.73b (up 1.0% from 3Q 2024). Profit margin: 39% (in line with 3Q 2024). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Sep 02TISCO Financial Group Public Company Limited to Report Q3, 2025 Results on Oct 14, 2025TISCO Financial Group Public Company Limited announced that they will report Q3, 2025 results at 4:45 PM, SE Asia Standard Time on Oct 14, 2025Declared Dividend • Aug 30First half dividend of ฿2.00 announcedDividend of ฿2.00 is the same as last year. Ex-date: 10th September 2025 Payment date: 25th September 2025 Dividend yield will be 7.7%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but is not expected to be adequately covered in 3 years' time (92% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 28TISCO Financial Group Public Company Limited Declares Interim Dividend for the Operating Period from January 1, 2025 to June 30, 2025, Payable on September 25, 2025TISCO Financial Group Public Company Limited declared interim dividend of THB 2.00 per share for the operating period from January 1, 2025 to June 30, 2025 for common shareholders. Record date for the right to receive dividends is September 11, 2025, Ex-dividend date is September 10, 2025 and payable on September 25, 2025. Date of Board resolution: 28-Aug-2025.Reported Earnings • Aug 17Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿2.05 (down from ฿2.19 in 2Q 2024). Revenue: ฿4.24b (down 6.6% from 2Q 2024). Net income: ฿1.64b (down 6.2% from 2Q 2024). Profit margin: 39% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Jul 16Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿2.05 (down from ฿2.19 in 2Q 2024). Revenue: ฿4.24b (down 6.6% from 2Q 2024). Net income: ฿1.64b (down 6.2% from 2Q 2024). Profit margin: 39% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • May 15TISCO Financial Group Public Company Limited to Report Q2, 2025 Results on Jul 15, 2025TISCO Financial Group Public Company Limited announced that they will report Q2, 2025 results at 12:30 PM, SE Asia Standard Time on Jul 15, 2025お知らせ • Apr 21TISCO Financial Group Public Company Limited Announces Board and Committee ChangesTISCO Financial Group Public Company Limited announced that at the Board of Directors' Meeting No. 2/2025 convened on April 21, 2025, the Board of Directors has resolved on the matters relating to the appointment of Chairman of the Board, Vice Chairman of the Board, Lead Independent Director, and sub- committees as: Approved the appointment of Mr. Pliu Mangkornkanok as the Chairman of the Board, Mr. Dung Ba Le as the Vice Chairman of the Board, and Ms. Pongpen Ruengvirayudh as the Lead Independent Director. 2. Approved the appointment of the Executive Board, the Risk Oversight Committee, the Audit Committee, the Nomination and Compensation Committee, and the Governance and Sustainability Committee as follows: Executive Board Name Position 1. Mr. Sakchai Peechapat -Chairperson 2. Mr. Chi-Hao Sun (Howard Sun)- Member 3. Mr. Makoto Honda -Member 4. Mr. Metha Pingsuthiwong -Member Risk Oversight Committee Name Position 1. Assoc. Prof. Dr. Angkarat Priebjrivat -Chairperson 2. Mr. Tevin Vongvanich -Member 3. Assoc. Prof. Dr. Vara Varavithya- Member 4. Mr. Sakchai Peechapat -Member 5. Mr. Chatri Chandrangam -Member. Audit Committee Name 1. Ms. Penchun Jarikasem Chairperson 2. Ms. Pongpen Ruengvirayudh Position Member 3. Assoc. Prof. Dr. Sillapaporn Snijunpetch Member Nomination and Compensation Committee Name 1. Mr. Kanich Punyashthiti 2. Mr. Dung Ba Le 3. Ms. Penchun Jarikasem Position Chairperson Member Member 4. Assoc. Prof. Dr. Sillapapom Srijunpetch Member Governance and Sustainability Committee Name 1. Assoc. Prof. Dr. Angkarat Priebjrivat 2. Ms. Pongpen Ruengvirayudh 3. Mr. Kanich Punyashthiti 4. Assoc. Prof. Dr. Vara Varavithya Position Chairperson Member Member Member Since Mr. Chi-Hao Sun (Howard Sun) and Mr. Makoto Honda were appointed as members of the xecutive Board, the Board of Directors resolved to change their classification of directorship from Non-Executive Director to Executive Director, to conform to the definition of Hence, the Board of Directors shall consist of 13 directors of following names and positions. Name 1. Mr. Pliu Mangkomkanok 2. Mr. Dung Ba Le 3. Assoc. Prof. Dr. Angkarat Priebjrivat Position Chairman of the Board (Non-Executive Director) Vice Chairman of the Board (Non-Executive Director) Non-Executive Director. Name 4. Ms. Penchun Jarikasem 5. Mr. Kanich Punyashthiti Ms. Pongpen Ruengvirayudh Position Independent Director Independent Director Lead Independent Director Independent Director 7. Mr. Tevin Vongvanich Assoc. Prof. Dr. Sillapaporn Srijunpetch Independent Director 9. Assoc. Prof. Dr. Vara Varavithya Independent Director 10. Mr. Chi-Hao Sun (Howard Sun) Executive Director 11. Mr. Makoto Honda Executive Director 12. Mr. Sakchai Peechapat 13. Mr. Metha Pingsuthiwong Executive Director Executive Director.お知らせ • Apr 19TISCO Financial Group Public Company Limited Approves Cash Dividend for the Year 2024, Payable on May 16, 2025TISCO Financial Group Public Company Limited at its AGM held on April 2025, approved appropriation of profit arising from the year 2024 operations and unappropriated retained earnings as dividend payment for common shareholders and preferred shareholders at THB 7.75 per share of which the Company already paid interim dividend at rate of THB 2.00 per share on September 27, 2024, amounting to THB 1,600,842,866, and will propose the remaining dividend at the rate of THB 5.75 per share of approximately THB 4,603,769,027, making the total dividend of THB 6,204,611,893, by setting the record date on April 28, 2025, to determine the list of shareholders entitled to receive dividend, and the dividend payment shall be made on May 16, 2025.お知らせ • Apr 18TISCO Financial Group Public Company Limited Elects Tevin Vongvanich as DirectorTISCO Financial Group Public Company Limited at its AGM held on April 2025, approved election of Mr. Tevin Vongvanich as director of the company.Upcoming Dividend • Apr 18Upcoming dividend of ฿5.75 per shareEligible shareholders must have bought the stock before 25 April 2025. Payment date: 16 May 2025. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 7.8%. Lower than top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (6.8%).お知らせ • Mar 19TISCO Financial Group Public Company Limited Announces Retirement of Sathit Aungmanee as Director, Effective April 18, 2025TISCO Financial Group Public Company Limited at its AGM to be held on 18 April 2025 proposed the retirement of Mr. Sathit Aungmanee from his position as Director. Mr. Aungmanee joined the company as a Director on April 25, 2022, and his term will expire on April 18, 2025, marking the end of his tenure with the company.Reported Earnings • Feb 28Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿8.62 (down from ฿9.12 in FY 2023). Revenue: ฿17.9b (down 3.1% from FY 2023). Net income: ฿6.90b (down 5.5% from FY 2023). Profit margin: 39% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat.Declared Dividend • Feb 27Final dividend of ฿5.75 announcedDividend of ฿5.75 is the same as last year. Ex-date: 25th April 2025 Payment date: 16th May 2025 Dividend yield will be 7.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (89% payout ratio) and is expected to be covered in 3 years' time (89.8% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 26TISCO Financial Group Public Company Limited Proposes Cash Dividend for the Year End December 31, 2024, Payable on May 16, 2025TISCO Financial Group Public Company Limited proposed cash dividend of THB 5.75 per share for the year end December 31, 2024. Record date for the right to receive dividends 28 April, 2025. Ex-dividend date is 25-April-2025, Payment date 16-May-2025.お知らせ • Feb 25TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2025TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2025, at 14:00 SE Asia Standard Time. Location: at the conference room, 12th floor, tisco tower, north sathorn road, silom, bangrak, bangkok in the form of hybrid meeting, ThailandReported Earnings • Jan 15Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿8.62 (down from ฿9.12 in FY 2023). Revenue: ฿17.9b (down 3.1% from FY 2023). Net income: ฿6.90b (down 5.5% from FY 2023). Profit margin: 39% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.New Risk • Jan 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Dividend not forecast to be well covered by earnings in 3 years (94% payout ratio in 3 years).お知らせ • Dec 20TISCO Financial Group Public Company Limited to Report Fiscal Year 2024 Results on Jan 14, 2025TISCO Financial Group Public Company Limited announced that they will report fiscal year 2024 results on Jan 14, 2025Reported Earnings • Oct 16Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2024 results: EPS: ฿2.14 (down from ฿2.34 in 3Q 2023). Revenue: ฿4.43b (down 5.0% from 3Q 2023). Net income: ฿1.71b (down 8.6% from 3Q 2023). Profit margin: 39% (down from 40% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year.Declared Dividend • Aug 30First half dividend of ฿2.00 announcedShareholders will receive a dividend of ฿2.00. Ex-date: 10th September 2024 Payment date: 27th September 2024 Dividend yield will be 8.2%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (64% payout ratio) and is expected to be covered in 3 years' time (89% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 28TISCO Financial Group Public Company Limited Declares Interim Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 27, 2024TISCO Financial Group Public Company Limited declared interim dividend of THB 2.00 per share for the operating period from January 1, 2024 to June 30, 2024. Record date for the right to receive dividends is September 11, 2024, Ex-dividend date is September 10, 2024 and payable on September 27, 2024.Reported Earnings • Aug 18Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿2.19 (down from ฿2.32 in 2Q 2023). Revenue: ฿4.54b (down 3.1% from 2Q 2023). Net income: ฿1.75b (down 5.4% from 2Q 2023). Profit margin: 39% (down from 40% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Reported Earnings • Jul 14Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿2.18 (down from ฿2.32 in 2Q 2023). Revenue: ฿4.53b (down 3.2% from 2Q 2023). Net income: ฿1.75b (down 5.7% from 2Q 2023). Profit margin: 39% (down from 40% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ฿2.16 (down from ฿2.24 in 1Q 2023). Revenue: ฿4.42b (down 2.0% from 1Q 2023). Net income: ฿1.73b (down 3.3% from 1Q 2023). Profit margin: 39% (in line with 1Q 2023). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.お知らせ • Apr 19+ 2 more updatesTISCO Financial Group Public Company Limited to Report Q1, 2024 Results on Apr 17, 2024TISCO Financial Group Public Company Limited announced that they will report Q1, 2024 results on Apr 17, 2024Reported Earnings • Apr 18First quarter 2024 earnings released: EPS: ฿2.16 (vs ฿2.24 in 1Q 2023)First quarter 2024 results: EPS: ฿2.16 (down from ฿2.24 in 1Q 2023). Revenue: ฿4.42b (down 2.0% from 1Q 2023). Net income: ฿1.73b (down 3.3% from 1Q 2023). Profit margin: 39% (in line with 1Q 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 Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year.Upcoming Dividend • Apr 17Upcoming dividend of ฿5.75 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 15 May 2024. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 12%. Within top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (5.8%).Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿9.12 (up from ฿9.02 in FY 2022). Revenue: ฿18.4b (up 4.8% from FY 2022). Net income: ฿7.30b (up 1.1% from FY 2022). Profit margin: 40% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses. Non-performing loans: 2.23% (up from 2.11% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.Declared Dividend • Feb 29Final dividend of ฿5.75 announcedShareholders will receive a dividend of ฿5.75. Ex-date: 24th April 2024 Payment date: 15th May 2024 Dividend yield will be 7.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (87% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 2.0% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Feb 28TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2024TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2024, at 14:00 SE Asia Standard Time. Agenda: To ratify the board of directors business activities conducted in 2023; to approve the statement of financial position and statement of comprehensive income for the year ended December 31, 2023 of the company and its company and its subsidiary companies; to consider the interim dividend payment and approve the statement of financial position and statement of comprehensive income for the year ended December 31, 2023 of the company and its subsidiary companies; and to consider other matters.お知らせ • Feb 27TISCO Financial Group Public Company Limited Proposes Dividend for the Period from January 1, 2023 to December 31, 2023, Payable on May 15, 2024TISCO Financial Group Public Company Limited at its AGM to be held on April 18, 2024 proposed dividend of THB 7.75 per share of which the company already paid interim dividend at the rate of THB 2.00 per share on September 22, 2023 and proposed remaining dividend at the rate of THB 5.75 per share to the common shareholders, by setting record date on April 25, 2024 to determine the list of shareholders entitled to receive dividend, and the dividend payment shall be made on May 15, 2024. Ex dividend date is April 24, 2024. Operating period from January 1, 2023 to December 31, 2023.Reported Earnings • Jan 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿9.12 (up from ฿9.02 in FY 2022). Revenue: ฿18.4b (up 4.8% from FY 2022). Net income: ฿7.30b (up 1.1% from FY 2022). Profit margin: 40% (down from 41% in FY 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 1.2%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year.お知らせ • Jan 11TISCO Financial Group Public Company Limited Announces Change of Head of Corporate AccountingTISCO Financial Group Public Company Limited announced the resignation of Miss. Chutintorn Vigasi as Head of Corporate Accounting of the company with effect from December 31, 2023. The company appointed Mrs. Mayuree Kingsawad as Head of Corporate Accounting with effect from January 1, 2024.Reported Earnings • Nov 16Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: ฿2.34 (up from ฿2.21 in 3Q 2022). Revenue: ฿4.66b (up 7.1% from 3Q 2022). Net income: ฿1.87b (up 5.7% from 3Q 2022). Profit margin: 40% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year.お知らせ • Oct 13TISCO Financial Group Public Company Limited to Report Q3, 2023 Results on Oct 11, 2023TISCO Financial Group Public Company Limited announced that they will report Q3, 2023 results on Oct 11, 2023Reported Earnings • Oct 12Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: ฿2.34 (up from ฿2.21 in 3Q 2022). Revenue: ฿4.66b (up 6.9% from 3Q 2022). Net income: ฿1.87b (up 5.7% from 3Q 2022). Profit margin: 40% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks 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 15% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 30Upcoming dividend of ฿2.00 per share at 7.5% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.9%).お知らせ • Aug 25TISCO Financial Group Public Company Limited Announces Interim Cash Dividend to Common Shareholders for the Six Months Ended June 30, 2023, Payable on September 22, 2023TISCO Financial Group Public Company Limited announced Interim Cash dividend of THB 2.00 per share to common shareholders for the six months ended June 30, 2023, payable on September 22, 2023. Record date for the right to receive dividends: September 7, 2023. Ex-dividend date: September 6, 2023.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿2.32 (vs ฿2.31 in 2Q 2022)Second quarter 2023 results: EPS: ฿2.32 (up from ฿2.31 in 2Q 2022). Revenue: ฿4.68b (up 5.9% from 2Q 2022). Net income: ฿1.85b (flat on 2Q 2022). Profit margin: 40% (down from 42% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 14Second quarter 2023 earnings released: EPS: ฿2.32 (vs ฿2.31 in 2Q 2022)Second quarter 2023 results: EPS: ฿2.32 (up from ฿2.31 in 2Q 2022). Revenue: ฿4.68b (up 5.8% from 2Q 2022). Net income: ฿1.85b (flat on 2Q 2022). Profit margin: 40% (down from 42% in 2Q 2022). 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 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 20First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ฿4.52b (up 4.2% from 1Q 2022). Net income: ฿1.79b (flat on 1Q 2022). Profit margin: 40% (down from 41% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.Upcoming Dividend • Apr 14Upcoming dividend of ฿7.75 per share at 7.6% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 10 May 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (4.2%).Reported Earnings • Jan 22Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: ฿9.02 (up from ฿8.47 in FY 2021). Revenue: ฿17.6b (up 5.0% from FY 2021). Net income: ฿7.22b (up 6.4% from FY 2021). Profit margin: 41% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. COO, President & Director Metha Pingsuthiwong 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 • Oct 13Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: ฿2.21 (up from ฿1.95 in 3Q 2021). Revenue: ฿4.36b (up 11% from 3Q 2021). Net income: ฿1.77b (up 14% from 3Q 2021). Profit margin: 41% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.Reported Earnings • Jul 15Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: ฿2.31 (up from ฿2.08 in 2Q 2021). Revenue: ฿4.42b (up 6.4% from 2Q 2021). Net income: ฿1.85b (up 11% from 2Q 2021). Profit margin: 42% (up from 40% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 9.0%, compared to a 35% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Apr 20First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: ฿2.24 (up from ฿2.20 in 1Q 2021). Revenue: ฿4.33b (up 1.8% from 1Q 2021). Net income: ฿1.80b (up 1.8% from 1Q 2021). Profit margin: 41% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 12%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Feb 23Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ฿8.47 (up from ฿7.57 in FY 2020). Revenue: ฿16.8b (up 7.7% from FY 2020). Net income: ฿6.78b (up 12% from FY 2020). Profit margin: 41% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Non-performing loans: 2.40% (down from 2.43% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 13%, compared to a 36% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Reported Earnings • Jan 16Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ฿8.47 (up from ฿7.57 in FY 2020). Revenue: ฿16.8b (up 7.7% from FY 2020). Net income: ฿6.78b (up 12% from FY 2020). Profit margin: 40% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 11%, compared to a 39% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ฿1.95 (vs ฿2.01 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿3.92b (down 4.1% from 3Q 2020). Net income: ฿1.56b (down 3.2% from 3Q 2020). Profit margin: 40% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Oct 17Third quarter 2021 earnings released: EPS ฿1.95 (vs ฿2.01 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿3.92b (down 4.1% from 3Q 2020). Net income: ฿1.56b (down 3.2% from 3Q 2020). Profit margin: 40% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Executive Departure • Oct 01Vice Chairman of the Board Hon Shing has left the companyOn the 28th of September, Hon Shing's tenure as Vice Chairman of the Board ended after 13.1 years in the role. We don't have any record of a personal shareholding under Hon's name. Hon is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 8.92 years.Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS ฿2.08 (vs ฿1.66 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿4.15b (up 19% from 2Q 2020). Net income: ฿1.67b (up 25% from 2Q 2020). Profit margin: 40% (up from 38% 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 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿2.20 (vs ฿1.86 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿4.27b (up 11% from 1Q 2020). Net income: ฿1.76b (up 19% from 1Q 2020). Profit margin: 41% (up from 39% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿7.20 to ฿8.07. Revenue forecast steady at ฿18.9b. Net income forecast to grow 5.0% next year vs 17% growth forecast for Banks industry in Thailand. Consensus price target of ฿103 unchanged from last update. Share price fell 9.8% to ฿92.00 over the past week.Reported Earnings • Apr 21First quarter 2021 earnings released: EPS ฿2.20 (vs ฿1.86 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿4.27b (up 11% from 1Q 2020). Net income: ฿1.76b (up 19% from 1Q 2020). Profit margin: 41% (up from 39% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • Apr 21Upcoming dividend of ฿6.30 per shareEligible shareholders must have bought the stock before 28 April 2021. Payment date: 17 May 2021. Trailing yield: 7.6%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (2.8%).Is New 90 Day High Low • Mar 05New 90-day high: ฿97.25The company is up 12% from its price of ฿86.50 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿117 per share.Reported Earnings • Feb 21Full year 2020 earnings released: EPS ฿7.57 (vs ฿9.08 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿15.6b (down 15% from FY 2019). Net income: ฿6.06b (down 17% from FY 2019). Profit margin: 39% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year.Analyst Estimate Surprise Post Earnings • Feb 21Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 22%, compared to a 43% growth forecast for the Banks industry in Thailand.Analyst Estimate Surprise Post Earnings • Jan 21Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 22%, compared to a 40% growth forecast for the Banks industry in Thailand.Reported Earnings • Jan 20Full year 2020 earnings released: EPS ฿7.57The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿15.6b (down 15% from FY 2019). Net income: ฿6.06b (down 17% from FY 2019). Profit margin: 39% (down from 40% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.Is New 90 Day High Low • Jan 14New 90-day high: ฿95.00The company is up 39% from its price of ฿68.25 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 Banks industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿112 per share.Price Target Changed • Dec 24Price target raised to ฿95.17Up from ฿87.82, the current price target is an average from 16 analysts. The new target price is 10% above the current share price of ฿86.25. As of last close, the stock is down 12% over the past year.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿2.01The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿4.09b (down 12% from 3Q 2019). Net income: ฿1.61b (down 14% from 3Q 2019). Profit margin: 39% (down from 41% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 17Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Over the next year, revenue is forecast to grow 18%, compared to a 39% growth forecast for the Banks industry in Thailand.Is New 90 Day High Low • Nov 09New 90-day high: ฿74.75The company is up 11% from its price of ฿67.25 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿96.06 per share.Is New 90 Day High Low • Oct 22New 90-day high: ฿70.50The company is up 5.0% from its price of ฿67.00 on 24 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿95.80 per share.Analyst Estimate Surprise Post Earnings • Oct 16Third-quarter earnings released: Revenue and earnings beat expectationsThird-quarter revenue exceeded analyst estimates by 8.7% at ฿4.70b. Earnings per share (EPS) also surpassed analyst estimates by 22% at ฿2.01. Revenue is forecast to grow 15% over the next year, compared to a 29% growth forecast for the Banks industry in Thailand.Reported Earnings • Oct 16Third quarter earnings releasedOver the last 12 months the company has reported total profits of ฿6.29b, down 12% from the prior year. Total revenue was ฿16.1b over the last 12 months, down 10% from the prior year.Is New 90 Day High Low • Oct 02New 90-day low: ฿62.75The company is down 11% from its price of ฿70.75 on 03 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿92.67 per share.業績と収益の成長予測SET:TISCO - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202821,0227,341N/AN/A912/31/202720,6457,054N/AN/A1212/31/202620,0856,772N/AN/A123/31/202617,4096,749N/AN/AN/A12/31/202517,3156,6594,2284,339N/A9/30/202517,4336,7197,2827,403N/A6/30/202517,4206,7025,5685,713N/A3/31/202517,7226,81212,46312,651N/A12/31/202417,8516,90115,09015,307N/A9/30/202417,9646,9806,7847,055N/A6/30/202418,1957,1414,4164,746N/A3/31/202418,3397,24238442N/A12/31/202318,4307,301-13,118-12,713N/A9/30/202318,3397,328-11,309-10,912N/A6/30/202318,0297,227-27,264-26,900N/A3/31/202317,7677,221-22,713-22,436N/A12/31/202217,5827,224-18,876-18,645N/A9/30/202217,5167,212-12,079-11,900N/A6/30/202217,0906,99918,22218,352N/A3/31/202216,8316,81632,30432,416N/A12/31/202116,7596,78539,76339,868N/A9/30/202116,5056,62639,51239,654N/A6/30/202116,6726,67822,71922,857N/A3/31/202115,9936,34137,68337,829N/A12/31/202015,5736,06331,33031,530N/A9/30/202016,1086,29220,24320,496N/A6/30/202016,6556,55821,69621,977N/A3/31/202017,6867,0279,4979,751N/A12/31/201918,3277,270N/A14,205N/A9/30/201917,9367,131N/A26,438N/A6/30/201917,4806,857N/A19,511N/A3/31/201917,2956,814N/A-17,780N/A12/31/201817,3326,887N/A-16,466N/A9/30/201817,1406,724N/A-8,084N/A6/30/201816,8236,692N/A1,657N/A3/31/201816,1836,443N/A14,510N/A12/31/201715,3156,131N/A18,018N/A9/30/201714,5235,862N/A8,145N/A6/30/201713,8845,539N/A2,571N/A3/31/201713,3015,242N/A1,294N/A12/31/201612,7855,006N/A-11,693N/A9/30/201612,6714,957N/A-9,418N/A6/30/201611,3744,516N/A1,864N/A3/31/201610,9574,313N/A14,901N/A12/31/201510,8154,250N/A27,155N/A9/30/201510,6734,240N/A30,670N/A6/30/201511,5544,519N/A35,315N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TISCOの予測収益成長率 (年間3.1% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: TISCOの収益 ( 3.1% ) TH市場 ( 10.3% ) よりも低い成長が予測されています。高成長収益: TISCOの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: TISCOの収益 ( 6.2% ) TH市場 ( 9.6% ) よりも低い成長が予測されています。高い収益成長: TISCOの収益 ( 6.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TISCOの 自己資本利益率 は、3年後には低くなると予測されています ( 15.8 %)。成長企業の発掘7D1Y7D1Y7D1YBanks 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 04:32終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TISCO Financial Group Public Company Limited 15 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。37 アナリスト機関Usanee LiurutAsia Plus Securities Company LimitedSarachada SornsongBofA Global ResearchSarachada SornsongBofA Global Research34 その他のアナリストを表示
Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿7.20 to ฿8.07. Revenue forecast steady at ฿18.9b. Net income forecast to grow 5.0% next year vs 17% growth forecast for Banks industry in Thailand. Consensus price target of ฿103 unchanged from last update. Share price fell 9.8% to ฿92.00 over the past week.
Price Target Changed • Dec 24Price target raised to ฿95.17Up from ฿87.82, the current price target is an average from 16 analysts. The new target price is 10% above the current share price of ฿86.25. As of last close, the stock is down 12% over the past year.
お知らせ • May 19TISCO Financial Group Public Company Limited to Report Q2, 2026 Results on Jul 14, 2026TISCO Financial Group Public Company Limited announced that they will report Q2, 2026 results at 9:30 AM, SE Asia Standard Time on Jul 14, 2026
Upcoming Dividend • Apr 22Upcoming dividend of ฿5.75 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 19 May 2026. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.4%). In line with average of industry peers (6.4%).
Reported Earnings • Apr 17First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ฿2.17 (up from ฿2.05 in 1Q 2025). Revenue: ฿4.39b (up 2.2% from 1Q 2025). Net income: ฿1.73b (up 5.5% from 1Q 2025). Profit margin: 40% (up from 38% in 1Q 2025). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Declared Dividend • Mar 01Final dividend of ฿5.75 announcedDividend of ฿5.75 is the same as last year. Ex-date: 29th April 2026 Payment date: 19th May 2026 Dividend yield will be 6.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (86% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.5% to bring the payout ratio under control. EPS is expected to grow by 9.9% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Feb 27+ 1 more updateTISCO Financial Group Public Company Limited Proposes Dividend for the Year 2025, Payable on May 19, 2026TISCO Financial Group Public Company Limited at its board meeting held on February 26, 2026 proposed dividend at the rate of THB 5.75 per share to common shareholders amounting to approximately THB 4,603,769,027, making the total dividend of THB 6,205,075,995, by setting the record date on April 30, 2026, to determine the list of shareholders entitled to receive dividend, and the dividend payment shall be made on May 19, 2026. The AGM will be held on April 23, 2026.
Buy Or Sell Opportunity • Feb 02Now 20% undervaluedOver the last 90 days, the stock has risen 3.7% to ฿112. The fair value is estimated to be ฿141, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.3%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period.
Reported Earnings • Jan 15Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ฿8.32 (down from ฿8.62 in FY 2024). Revenue: ฿17.3b (down 3.0% from FY 2024). Net income: ฿6.66b (down 3.5% from FY 2024). Profit margin: 39% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.
お知らせ • Dec 24TISCO Financial Group Public Company Limited to Report Fiscal Year 2025 Results on Jan 14, 2026TISCO Financial Group Public Company Limited announced that they will report fiscal year 2025 results at 9:30 AM, SE Asia Standard Time on Jan 14, 2026
Buy Or Sell Opportunity • Dec 20Now 20% undervaluedOver the last 90 days, the stock has risen 8.4% to ฿110. The fair value is estimated to be ฿138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.8%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 3.1% in the next 2 years.
Reported Earnings • Nov 19Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿2.16 (up from ฿2.14 in 3Q 2024). Revenue: ฿4.44b (flat on 3Q 2024). Net income: ฿1.73b (up 1.0% from 3Q 2024). Profit margin: 39% (in line with 3Q 2024). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 15Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿2.16 (up from ฿2.14 in 3Q 2024). Revenue: ฿4.44b (flat on 3Q 2024). Net income: ฿1.73b (up 1.0% from 3Q 2024). Profit margin: 39% (in line with 3Q 2024). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Sep 02TISCO Financial Group Public Company Limited to Report Q3, 2025 Results on Oct 14, 2025TISCO Financial Group Public Company Limited announced that they will report Q3, 2025 results at 4:45 PM, SE Asia Standard Time on Oct 14, 2025
Declared Dividend • Aug 30First half dividend of ฿2.00 announcedDividend of ฿2.00 is the same as last year. Ex-date: 10th September 2025 Payment date: 25th September 2025 Dividend yield will be 7.7%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but is not expected to be adequately covered in 3 years' time (92% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 28TISCO Financial Group Public Company Limited Declares Interim Dividend for the Operating Period from January 1, 2025 to June 30, 2025, Payable on September 25, 2025TISCO Financial Group Public Company Limited declared interim dividend of THB 2.00 per share for the operating period from January 1, 2025 to June 30, 2025 for common shareholders. Record date for the right to receive dividends is September 11, 2025, Ex-dividend date is September 10, 2025 and payable on September 25, 2025. Date of Board resolution: 28-Aug-2025.
Reported Earnings • Aug 17Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿2.05 (down from ฿2.19 in 2Q 2024). Revenue: ฿4.24b (down 6.6% from 2Q 2024). Net income: ฿1.64b (down 6.2% from 2Q 2024). Profit margin: 39% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Jul 16Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿2.05 (down from ฿2.19 in 2Q 2024). Revenue: ฿4.24b (down 6.6% from 2Q 2024). Net income: ฿1.64b (down 6.2% from 2Q 2024). Profit margin: 39% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • May 15TISCO Financial Group Public Company Limited to Report Q2, 2025 Results on Jul 15, 2025TISCO Financial Group Public Company Limited announced that they will report Q2, 2025 results at 12:30 PM, SE Asia Standard Time on Jul 15, 2025
お知らせ • Apr 21TISCO Financial Group Public Company Limited Announces Board and Committee ChangesTISCO Financial Group Public Company Limited announced that at the Board of Directors' Meeting No. 2/2025 convened on April 21, 2025, the Board of Directors has resolved on the matters relating to the appointment of Chairman of the Board, Vice Chairman of the Board, Lead Independent Director, and sub- committees as: Approved the appointment of Mr. Pliu Mangkornkanok as the Chairman of the Board, Mr. Dung Ba Le as the Vice Chairman of the Board, and Ms. Pongpen Ruengvirayudh as the Lead Independent Director. 2. Approved the appointment of the Executive Board, the Risk Oversight Committee, the Audit Committee, the Nomination and Compensation Committee, and the Governance and Sustainability Committee as follows: Executive Board Name Position 1. Mr. Sakchai Peechapat -Chairperson 2. Mr. Chi-Hao Sun (Howard Sun)- Member 3. Mr. Makoto Honda -Member 4. Mr. Metha Pingsuthiwong -Member Risk Oversight Committee Name Position 1. Assoc. Prof. Dr. Angkarat Priebjrivat -Chairperson 2. Mr. Tevin Vongvanich -Member 3. Assoc. Prof. Dr. Vara Varavithya- Member 4. Mr. Sakchai Peechapat -Member 5. Mr. Chatri Chandrangam -Member. Audit Committee Name 1. Ms. Penchun Jarikasem Chairperson 2. Ms. Pongpen Ruengvirayudh Position Member 3. Assoc. Prof. Dr. Sillapaporn Snijunpetch Member Nomination and Compensation Committee Name 1. Mr. Kanich Punyashthiti 2. Mr. Dung Ba Le 3. Ms. Penchun Jarikasem Position Chairperson Member Member 4. Assoc. Prof. Dr. Sillapapom Srijunpetch Member Governance and Sustainability Committee Name 1. Assoc. Prof. Dr. Angkarat Priebjrivat 2. Ms. Pongpen Ruengvirayudh 3. Mr. Kanich Punyashthiti 4. Assoc. Prof. Dr. Vara Varavithya Position Chairperson Member Member Member Since Mr. Chi-Hao Sun (Howard Sun) and Mr. Makoto Honda were appointed as members of the xecutive Board, the Board of Directors resolved to change their classification of directorship from Non-Executive Director to Executive Director, to conform to the definition of Hence, the Board of Directors shall consist of 13 directors of following names and positions. Name 1. Mr. Pliu Mangkomkanok 2. Mr. Dung Ba Le 3. Assoc. Prof. Dr. Angkarat Priebjrivat Position Chairman of the Board (Non-Executive Director) Vice Chairman of the Board (Non-Executive Director) Non-Executive Director. Name 4. Ms. Penchun Jarikasem 5. Mr. Kanich Punyashthiti Ms. Pongpen Ruengvirayudh Position Independent Director Independent Director Lead Independent Director Independent Director 7. Mr. Tevin Vongvanich Assoc. Prof. Dr. Sillapaporn Srijunpetch Independent Director 9. Assoc. Prof. Dr. Vara Varavithya Independent Director 10. Mr. Chi-Hao Sun (Howard Sun) Executive Director 11. Mr. Makoto Honda Executive Director 12. Mr. Sakchai Peechapat 13. Mr. Metha Pingsuthiwong Executive Director Executive Director.
お知らせ • Apr 19TISCO Financial Group Public Company Limited Approves Cash Dividend for the Year 2024, Payable on May 16, 2025TISCO Financial Group Public Company Limited at its AGM held on April 2025, approved appropriation of profit arising from the year 2024 operations and unappropriated retained earnings as dividend payment for common shareholders and preferred shareholders at THB 7.75 per share of which the Company already paid interim dividend at rate of THB 2.00 per share on September 27, 2024, amounting to THB 1,600,842,866, and will propose the remaining dividend at the rate of THB 5.75 per share of approximately THB 4,603,769,027, making the total dividend of THB 6,204,611,893, by setting the record date on April 28, 2025, to determine the list of shareholders entitled to receive dividend, and the dividend payment shall be made on May 16, 2025.
お知らせ • Apr 18TISCO Financial Group Public Company Limited Elects Tevin Vongvanich as DirectorTISCO Financial Group Public Company Limited at its AGM held on April 2025, approved election of Mr. Tevin Vongvanich as director of the company.
Upcoming Dividend • Apr 18Upcoming dividend of ฿5.75 per shareEligible shareholders must have bought the stock before 25 April 2025. Payment date: 16 May 2025. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 7.8%. Lower than top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (6.8%).
お知らせ • Mar 19TISCO Financial Group Public Company Limited Announces Retirement of Sathit Aungmanee as Director, Effective April 18, 2025TISCO Financial Group Public Company Limited at its AGM to be held on 18 April 2025 proposed the retirement of Mr. Sathit Aungmanee from his position as Director. Mr. Aungmanee joined the company as a Director on April 25, 2022, and his term will expire on April 18, 2025, marking the end of his tenure with the company.
Reported Earnings • Feb 28Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿8.62 (down from ฿9.12 in FY 2023). Revenue: ฿17.9b (down 3.1% from FY 2023). Net income: ฿6.90b (down 5.5% from FY 2023). Profit margin: 39% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat.
Declared Dividend • Feb 27Final dividend of ฿5.75 announcedDividend of ฿5.75 is the same as last year. Ex-date: 25th April 2025 Payment date: 16th May 2025 Dividend yield will be 7.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (89% payout ratio) and is expected to be covered in 3 years' time (89.8% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 26TISCO Financial Group Public Company Limited Proposes Cash Dividend for the Year End December 31, 2024, Payable on May 16, 2025TISCO Financial Group Public Company Limited proposed cash dividend of THB 5.75 per share for the year end December 31, 2024. Record date for the right to receive dividends 28 April, 2025. Ex-dividend date is 25-April-2025, Payment date 16-May-2025.
お知らせ • Feb 25TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2025TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2025, at 14:00 SE Asia Standard Time. Location: at the conference room, 12th floor, tisco tower, north sathorn road, silom, bangrak, bangkok in the form of hybrid meeting, Thailand
Reported Earnings • Jan 15Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿8.62 (down from ฿9.12 in FY 2023). Revenue: ฿17.9b (down 3.1% from FY 2023). Net income: ฿6.90b (down 5.5% from FY 2023). Profit margin: 39% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
New Risk • Jan 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Dividend not forecast to be well covered by earnings in 3 years (94% payout ratio in 3 years).
お知らせ • Dec 20TISCO Financial Group Public Company Limited to Report Fiscal Year 2024 Results on Jan 14, 2025TISCO Financial Group Public Company Limited announced that they will report fiscal year 2024 results on Jan 14, 2025
Reported Earnings • Oct 16Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2024 results: EPS: ฿2.14 (down from ฿2.34 in 3Q 2023). Revenue: ฿4.43b (down 5.0% from 3Q 2023). Net income: ฿1.71b (down 8.6% from 3Q 2023). Profit margin: 39% (down from 40% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year.
Declared Dividend • Aug 30First half dividend of ฿2.00 announcedShareholders will receive a dividend of ฿2.00. Ex-date: 10th September 2024 Payment date: 27th September 2024 Dividend yield will be 8.2%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (64% payout ratio) and is expected to be covered in 3 years' time (89% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 28TISCO Financial Group Public Company Limited Declares Interim Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 27, 2024TISCO Financial Group Public Company Limited declared interim dividend of THB 2.00 per share for the operating period from January 1, 2024 to June 30, 2024. Record date for the right to receive dividends is September 11, 2024, Ex-dividend date is September 10, 2024 and payable on September 27, 2024.
Reported Earnings • Aug 18Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿2.19 (down from ฿2.32 in 2Q 2023). Revenue: ฿4.54b (down 3.1% from 2Q 2023). Net income: ฿1.75b (down 5.4% from 2Q 2023). Profit margin: 39% (down from 40% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Reported Earnings • Jul 14Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿2.18 (down from ฿2.32 in 2Q 2023). Revenue: ฿4.53b (down 3.2% from 2Q 2023). Net income: ฿1.75b (down 5.7% from 2Q 2023). Profit margin: 39% (down from 40% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.
Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ฿2.16 (down from ฿2.24 in 1Q 2023). Revenue: ฿4.42b (down 2.0% from 1Q 2023). Net income: ฿1.73b (down 3.3% from 1Q 2023). Profit margin: 39% (in line with 1Q 2023). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.
お知らせ • Apr 19+ 2 more updatesTISCO Financial Group Public Company Limited to Report Q1, 2024 Results on Apr 17, 2024TISCO Financial Group Public Company Limited announced that they will report Q1, 2024 results on Apr 17, 2024
Reported Earnings • Apr 18First quarter 2024 earnings released: EPS: ฿2.16 (vs ฿2.24 in 1Q 2023)First quarter 2024 results: EPS: ฿2.16 (down from ฿2.24 in 1Q 2023). Revenue: ฿4.42b (down 2.0% from 1Q 2023). Net income: ฿1.73b (down 3.3% from 1Q 2023). Profit margin: 39% (in line with 1Q 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 Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year.
Upcoming Dividend • Apr 17Upcoming dividend of ฿5.75 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 15 May 2024. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 12%. Within top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (5.8%).
Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿9.12 (up from ฿9.02 in FY 2022). Revenue: ฿18.4b (up 4.8% from FY 2022). Net income: ฿7.30b (up 1.1% from FY 2022). Profit margin: 40% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses. Non-performing loans: 2.23% (up from 2.11% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.
Declared Dividend • Feb 29Final dividend of ฿5.75 announcedShareholders will receive a dividend of ฿5.75. Ex-date: 24th April 2024 Payment date: 15th May 2024 Dividend yield will be 7.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (87% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 2.0% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Feb 28TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2024TISCO Financial Group Public Company Limited, Annual General Meeting, Apr 18, 2024, at 14:00 SE Asia Standard Time. Agenda: To ratify the board of directors business activities conducted in 2023; to approve the statement of financial position and statement of comprehensive income for the year ended December 31, 2023 of the company and its company and its subsidiary companies; to consider the interim dividend payment and approve the statement of financial position and statement of comprehensive income for the year ended December 31, 2023 of the company and its subsidiary companies; and to consider other matters.
お知らせ • Feb 27TISCO Financial Group Public Company Limited Proposes Dividend for the Period from January 1, 2023 to December 31, 2023, Payable on May 15, 2024TISCO Financial Group Public Company Limited at its AGM to be held on April 18, 2024 proposed dividend of THB 7.75 per share of which the company already paid interim dividend at the rate of THB 2.00 per share on September 22, 2023 and proposed remaining dividend at the rate of THB 5.75 per share to the common shareholders, by setting record date on April 25, 2024 to determine the list of shareholders entitled to receive dividend, and the dividend payment shall be made on May 15, 2024. Ex dividend date is April 24, 2024. Operating period from January 1, 2023 to December 31, 2023.
Reported Earnings • Jan 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿9.12 (up from ฿9.02 in FY 2022). Revenue: ฿18.4b (up 4.8% from FY 2022). Net income: ฿7.30b (up 1.1% from FY 2022). Profit margin: 40% (down from 41% in FY 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 1.2%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year.
お知らせ • Jan 11TISCO Financial Group Public Company Limited Announces Change of Head of Corporate AccountingTISCO Financial Group Public Company Limited announced the resignation of Miss. Chutintorn Vigasi as Head of Corporate Accounting of the company with effect from December 31, 2023. The company appointed Mrs. Mayuree Kingsawad as Head of Corporate Accounting with effect from January 1, 2024.
Reported Earnings • Nov 16Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: ฿2.34 (up from ฿2.21 in 3Q 2022). Revenue: ฿4.66b (up 7.1% from 3Q 2022). Net income: ฿1.87b (up 5.7% from 3Q 2022). Profit margin: 40% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Oct 13TISCO Financial Group Public Company Limited to Report Q3, 2023 Results on Oct 11, 2023TISCO Financial Group Public Company Limited announced that they will report Q3, 2023 results on Oct 11, 2023
Reported Earnings • Oct 12Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: ฿2.34 (up from ฿2.21 in 3Q 2022). Revenue: ฿4.66b (up 6.9% from 3Q 2022). Net income: ฿1.87b (up 5.7% from 3Q 2022). Profit margin: 40% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks 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 15% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 30Upcoming dividend of ฿2.00 per share at 7.5% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.9%).
お知らせ • Aug 25TISCO Financial Group Public Company Limited Announces Interim Cash Dividend to Common Shareholders for the Six Months Ended June 30, 2023, Payable on September 22, 2023TISCO Financial Group Public Company Limited announced Interim Cash dividend of THB 2.00 per share to common shareholders for the six months ended June 30, 2023, payable on September 22, 2023. Record date for the right to receive dividends: September 7, 2023. Ex-dividend date: September 6, 2023.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿2.32 (vs ฿2.31 in 2Q 2022)Second quarter 2023 results: EPS: ฿2.32 (up from ฿2.31 in 2Q 2022). Revenue: ฿4.68b (up 5.9% from 2Q 2022). Net income: ฿1.85b (flat on 2Q 2022). Profit margin: 40% (down from 42% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 14Second quarter 2023 earnings released: EPS: ฿2.32 (vs ฿2.31 in 2Q 2022)Second quarter 2023 results: EPS: ฿2.32 (up from ฿2.31 in 2Q 2022). Revenue: ฿4.68b (up 5.8% from 2Q 2022). Net income: ฿1.85b (flat on 2Q 2022). Profit margin: 40% (down from 42% in 2Q 2022). 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 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 20First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ฿4.52b (up 4.2% from 1Q 2022). Net income: ฿1.79b (flat on 1Q 2022). Profit margin: 40% (down from 41% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.
Upcoming Dividend • Apr 14Upcoming dividend of ฿7.75 per share at 7.6% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 10 May 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (4.2%).
Reported Earnings • Jan 22Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: ฿9.02 (up from ฿8.47 in FY 2021). Revenue: ฿17.6b (up 5.0% from FY 2021). Net income: ฿7.22b (up 6.4% from FY 2021). Profit margin: 41% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. COO, President & Director Metha Pingsuthiwong 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 • Oct 13Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: ฿2.21 (up from ฿1.95 in 3Q 2021). Revenue: ฿4.36b (up 11% from 3Q 2021). Net income: ฿1.77b (up 14% from 3Q 2021). Profit margin: 41% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
Reported Earnings • Jul 15Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: ฿2.31 (up from ฿2.08 in 2Q 2021). Revenue: ฿4.42b (up 6.4% from 2Q 2021). Net income: ฿1.85b (up 11% from 2Q 2021). Profit margin: 42% (up from 40% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 9.0%, compared to a 35% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Apr 20First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: ฿2.24 (up from ฿2.20 in 1Q 2021). Revenue: ฿4.33b (up 1.8% from 1Q 2021). Net income: ฿1.80b (up 1.8% from 1Q 2021). Profit margin: 41% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 12%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Feb 23Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ฿8.47 (up from ฿7.57 in FY 2020). Revenue: ฿16.8b (up 7.7% from FY 2020). Net income: ฿6.78b (up 12% from FY 2020). Profit margin: 41% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Non-performing loans: 2.40% (down from 2.43% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 13%, compared to a 36% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Reported Earnings • Jan 16Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ฿8.47 (up from ฿7.57 in FY 2020). Revenue: ฿16.8b (up 7.7% from FY 2020). Net income: ฿6.78b (up 12% from FY 2020). Profit margin: 40% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 11%, compared to a 39% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ฿1.95 (vs ฿2.01 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿3.92b (down 4.1% from 3Q 2020). Net income: ฿1.56b (down 3.2% from 3Q 2020). Profit margin: 40% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 17Third quarter 2021 earnings released: EPS ฿1.95 (vs ฿2.01 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿3.92b (down 4.1% from 3Q 2020). Net income: ฿1.56b (down 3.2% from 3Q 2020). Profit margin: 40% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Executive Departure • Oct 01Vice Chairman of the Board Hon Shing has left the companyOn the 28th of September, Hon Shing's tenure as Vice Chairman of the Board ended after 13.1 years in the role. We don't have any record of a personal shareholding under Hon's name. Hon is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 8.92 years.
Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS ฿2.08 (vs ฿1.66 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿4.15b (up 19% from 2Q 2020). Net income: ฿1.67b (up 25% from 2Q 2020). Profit margin: 40% (up from 38% 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 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿2.20 (vs ฿1.86 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿4.27b (up 11% from 1Q 2020). Net income: ฿1.76b (up 19% from 1Q 2020). Profit margin: 41% (up from 39% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.
Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿7.20 to ฿8.07. Revenue forecast steady at ฿18.9b. Net income forecast to grow 5.0% next year vs 17% growth forecast for Banks industry in Thailand. Consensus price target of ฿103 unchanged from last update. Share price fell 9.8% to ฿92.00 over the past week.
Reported Earnings • Apr 21First quarter 2021 earnings released: EPS ฿2.20 (vs ฿1.86 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿4.27b (up 11% from 1Q 2020). Net income: ฿1.76b (up 19% from 1Q 2020). Profit margin: 41% (up from 39% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • Apr 21Upcoming dividend of ฿6.30 per shareEligible shareholders must have bought the stock before 28 April 2021. Payment date: 17 May 2021. Trailing yield: 7.6%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (2.8%).
Is New 90 Day High Low • Mar 05New 90-day high: ฿97.25The company is up 12% from its price of ฿86.50 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿117 per share.
Reported Earnings • Feb 21Full year 2020 earnings released: EPS ฿7.57 (vs ฿9.08 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿15.6b (down 15% from FY 2019). Net income: ฿6.06b (down 17% from FY 2019). Profit margin: 39% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year.
Analyst Estimate Surprise Post Earnings • Feb 21Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 22%, compared to a 43% growth forecast for the Banks industry in Thailand.
Analyst Estimate Surprise Post Earnings • Jan 21Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 22%, compared to a 40% growth forecast for the Banks industry in Thailand.
Reported Earnings • Jan 20Full year 2020 earnings released: EPS ฿7.57The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿15.6b (down 15% from FY 2019). Net income: ฿6.06b (down 17% from FY 2019). Profit margin: 39% (down from 40% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.
Is New 90 Day High Low • Jan 14New 90-day high: ฿95.00The company is up 39% from its price of ฿68.25 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 Banks industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿112 per share.
Price Target Changed • Dec 24Price target raised to ฿95.17Up from ฿87.82, the current price target is an average from 16 analysts. The new target price is 10% above the current share price of ฿86.25. As of last close, the stock is down 12% over the past year.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿2.01The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿4.09b (down 12% from 3Q 2019). Net income: ฿1.61b (down 14% from 3Q 2019). Profit margin: 39% (down from 41% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 17Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Over the next year, revenue is forecast to grow 18%, compared to a 39% growth forecast for the Banks industry in Thailand.
Is New 90 Day High Low • Nov 09New 90-day high: ฿74.75The company is up 11% from its price of ฿67.25 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿96.06 per share.
Is New 90 Day High Low • Oct 22New 90-day high: ฿70.50The company is up 5.0% from its price of ฿67.00 on 24 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿95.80 per share.
Analyst Estimate Surprise Post Earnings • Oct 16Third-quarter earnings released: Revenue and earnings beat expectationsThird-quarter revenue exceeded analyst estimates by 8.7% at ฿4.70b. Earnings per share (EPS) also surpassed analyst estimates by 22% at ฿2.01. Revenue is forecast to grow 15% over the next year, compared to a 29% growth forecast for the Banks industry in Thailand.
Reported Earnings • Oct 16Third quarter earnings releasedOver the last 12 months the company has reported total profits of ฿6.29b, down 12% from the prior year. Total revenue was ฿16.1b over the last 12 months, down 10% from the prior year.
Is New 90 Day High Low • Oct 02New 90-day low: ฿62.75The company is down 11% from its price of ฿70.75 on 03 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿92.67 per share.