View Future GrowthPanelesmatic Solutions 過去の業績過去 基準チェック /16Panelesmatic Solutionsは、平均年間1.8%の収益成長を遂げていますが、 Building業界の収益は、年間 減少しています。収益は、平均年間3.6% 7.3%収益成長率で 成長しています。 Panelesmatic Solutionsの自己資本利益率は3.9%であり、純利益率は8.5%です。主要情報1.80%収益成長率-12.61%EPS成長率Building 業界の成長26.93%収益成長率7.31%株主資本利益率3.91%ネット・マージン8.52%次回の業績アップデート05 Jun 2026最近の業績更新Reported Earnings • May 24First quarter 2026 earnings released: EPS: ฿0.005 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.005 (down from ฿0.025 in 1Q 2025). Revenue: ฿26.5m (down 34% from 1Q 2025). Net income: ฿1.02m (down 78% from 1Q 2025). Profit margin: 3.9% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.024 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.025 (up from ฿0.024 in 3Q 2024). Revenue: ฿39.1m (down 1.7% from 3Q 2024). Net income: ฿4.76m (up 3.6% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024).Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.023 (vs ฿0.012 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.023 (up from ฿0.012 in 2Q 2024). Revenue: ฿41.7m (up 39% from 2Q 2024). Net income: ฿4.41m (up 100% from 2Q 2024). Profit margin: 11% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue.Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.01 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.01 in 1Q 2024). Revenue: ฿40.3m (up 50% from 1Q 2024). Net income: ฿4.73m (up 195% from 1Q 2024). Profit margin: 12% (up from 6.0% in 1Q 2024). The increase in margin was driven by higher revenue.Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.11. Revenue: ฿149.1m (up 13% from FY 2023). Net income: ฿20.0m (up 11% from FY 2023). Profit margin: 13% (in line with FY 2023).Reported Earnings • Nov 13Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: ฿0.024. Net income: ฿4.59m (up ฿4.59m from 3Q 2023).すべての更新を表示Recent updatesReported Earnings • May 24First quarter 2026 earnings released: EPS: ฿0.005 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.005 (down from ฿0.025 in 1Q 2025). Revenue: ฿26.5m (down 34% from 1Q 2025). Net income: ฿1.02m (down 78% from 1Q 2025). Profit margin: 3.9% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue.Upcoming Dividend • Apr 22Upcoming dividend of ฿0.033 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (6.7%).New Risk • Mar 02New major risk - Revenue and earnings growthRevenue has declined by 1.2% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 1.2% over the past year. High level of non-cash earnings (49% accrual ratio). Market cap is less than US$10m (฿247.0m market cap, or US$7.95m). Minor Risk Revenue is less than US$5m (฿147m revenue, or US$4.7m).お知らせ • Feb 25Panelesmatic Solutions Public Company Limited announces Annual dividend, payable on May 20, 2026Panelesmatic Solutions Public Company Limited announced Annual dividend of THB 0.0330 per share payable on May 20, 2026, ex-date on April 29, 2026 and record date on April 30, 2026.お知らせ • Feb 24Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 22, 2026Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time.New Risk • Nov 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (55% accrual ratio). Market cap is less than US$10m (฿248.9m market cap, or US$7.68m). Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change).Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.024 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.025 (up from ฿0.024 in 3Q 2024). Revenue: ฿39.1m (down 1.7% from 3Q 2024). Net income: ฿4.76m (up 3.6% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024).Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿1.39, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 11x in the Building industry in Thailand. Total returns to shareholders of 17% over the past year.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.023 (vs ฿0.012 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.023 (up from ฿0.012 in 2Q 2024). Revenue: ฿41.7m (up 39% from 2Q 2024). Net income: ฿4.41m (up 100% from 2Q 2024). Profit margin: 11% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue.Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.01 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.01 in 1Q 2024). Revenue: ฿40.3m (up 50% from 1Q 2024). Net income: ฿4.73m (up 195% from 1Q 2024). Profit margin: 12% (up from 6.0% in 1Q 2024). The increase in margin was driven by higher revenue.New Risk • May 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (฿229.9m market cap, or US$6.95m). Minor Risk Revenue is less than US$5m (฿163m revenue, or US$4.9m).お知らせ • Apr 24Panelesmatic Solutions Public Company Limited Approves Cash Dividend for the Period Ended December 31, 2024, Payable on May 22, 2025PanelesMatic Solutions Public Company Limited at its Annual General Meeting of Shareholders 2025, held on 23 April 2025, approved to pay dividends; for the Company's operating results for the accounting period ending 31 December 2024 by dividend payment in the form of cash at the rate of THB 0.02 per share or the total amount not exceeding THB 3,800,000, The Company has set the record date of shareholders who are entitled to receive the dividend on 21 March 2024, Dividend payment date is set on 22 May 2024.Upcoming Dividend • Mar 13Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (5.4%).Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.11. Revenue: ฿149.1m (up 13% from FY 2023). Net income: ฿20.0m (up 11% from FY 2023). Profit margin: 13% (in line with FY 2023).お知らせ • Feb 26+ 1 more updatePanelesmatic Solutions Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2024 to December 31, 2024, Payable on May 22, 2025Panelesmatic Solutions Public Company Limited proposed cash dividend of THB 0.02 per share for the operating period from January 1, 2024 to December 31, 2024. Date of Board resolution: February 25, 2025. Record date for the right to receive dividends: March 21. 2025. Ex-dividend date: March 20, 2025. Payment date: May 22, 2025. Shareholder's meeting date: April 23, 2025.Reported Earnings • Nov 13Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: ฿0.024. Net income: ฿4.59m (up ฿4.59m from 3Q 2023).Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.012 (vs ฿0.032 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.012 (down from ฿0.032 in 2Q 2023). Revenue: ฿30.0m (flat on 2Q 2023). Net income: ฿2.20m (down 50% from 2Q 2023). Profit margin: 7.3% (down from 15% in 2Q 2023).Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ฿1.35, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 14x in the Building industry in Thailand.New Risk • Jun 01New major risk - Revenue and earnings growthRevenue has declined by 1.8% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 1.8% over the past year. High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (฿317.3m market cap, or US$8.61m). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (฿129m revenue, or US$3.5m).お知らせ • May 11+ 2 more updatesPanelesmatic Solutions Public Company Limited Announces Executive ChangesPanelesmatic Solutions Public Company Limited informed that Mr. Somsak Prikboonchan has resigned from the position of the Company Secretary. The resignation has been effective since May 10, 2024. The Board of Directors' Meeting No. 2/2024 of the Company, convened on May 10, 2024, has passed the resolution to appoint Ms. Jutamas Malai as a Company Secretary in place of Mr. Somsak Prikboonchan who resigned. The appointment is effective on May 10, 2024.New Risk • Apr 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿353.4m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (฿353.4m market cap, or US$9.59m). Minor Risks Less than 3 years of financial data is available. Revenue is less than US$5m (฿132m revenue, or US$3.6m).Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 14x in the Building industry in Thailand.お知らせ • Mar 01Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 24, 2024Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Location: No. 36 Moo 7 Bang Talad Sub-district, Nonthaburi Province Pakkret Thailand Agenda: To consider and certify the minutes of the Extraordinary General Meeting of Shareholders No. 1/2023; to consider and acknowledge the operating results of the Company in the year 2023; to consider and approve the statement of financial position and the statement of comprehensive income for the fiscal year ending 31 December 2023; to consider and approve the allocation of net profit as legal reserve and the dividend payment for the year 2023; to consider and approve the appointment of directors to replace those retiring by rotation; to consider and approve the determination of remuneration of directors and sub-committees for the year 2024; to consider and approve the appointment of the Company's auditors and determine the auditor's remuneration for the year 2024; and to consider other matters (if any).お知らせ • Feb 29Panelesmatic Solutions Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2023 to December 31, 2023, Payable on May 15, 2024Panelesmatic Solutions Public Company Limited proposed cash dividend of THB 0.04 per share for the operating period from January 1, 2023 to December 31, 2023. Dividend payable on May 15, 2024, record date of March 13, 2024 and ex-dividend date of March 12, 2024.収支内訳Panelesmatic Solutions の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:PANEL 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 261341130031 Dec 251471529030 Sep 251742630030 Jun 251742529031 Mar 251632329031 Dec 241492032030 Sep 241391629030 Jun 241261430031 Mar 241291529031 Dec 231321827031 Mar 231312126031 Dec 2211016220質の高い収益: PANEL 非現金収入 のレベルが高いです。利益率の向上: PANELの現在の純利益率 (8.5%)は、昨年(14.2%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: PANELの収益は過去 5 年間で年間1.8%増加しました。成長の加速: PANELは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: PANELは過去 1 年間で収益成長率がマイナス ( -50.9% ) となったため、 Building業界平均 ( -17.6% ) と比較することが困難です。株主資本利益率高いROE: PANELの 自己資本利益率 ( 3.9% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health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2026/05/28 20:28終値2026/05/28 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Panelesmatic Solutions Public Company Limited 0 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。1 アナリスト機関Salakbun WongakaradethGloblex Securities Co. Ltd.
Reported Earnings • May 24First quarter 2026 earnings released: EPS: ฿0.005 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.005 (down from ฿0.025 in 1Q 2025). Revenue: ฿26.5m (down 34% from 1Q 2025). Net income: ฿1.02m (down 78% from 1Q 2025). Profit margin: 3.9% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.024 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.025 (up from ฿0.024 in 3Q 2024). Revenue: ฿39.1m (down 1.7% from 3Q 2024). Net income: ฿4.76m (up 3.6% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024).
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.023 (vs ฿0.012 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.023 (up from ฿0.012 in 2Q 2024). Revenue: ฿41.7m (up 39% from 2Q 2024). Net income: ฿4.41m (up 100% from 2Q 2024). Profit margin: 11% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.01 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.01 in 1Q 2024). Revenue: ฿40.3m (up 50% from 1Q 2024). Net income: ฿4.73m (up 195% from 1Q 2024). Profit margin: 12% (up from 6.0% in 1Q 2024). The increase in margin was driven by higher revenue.
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.11. Revenue: ฿149.1m (up 13% from FY 2023). Net income: ฿20.0m (up 11% from FY 2023). Profit margin: 13% (in line with FY 2023).
Reported Earnings • Nov 13Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: ฿0.024. Net income: ฿4.59m (up ฿4.59m from 3Q 2023).
Reported Earnings • May 24First quarter 2026 earnings released: EPS: ฿0.005 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.005 (down from ฿0.025 in 1Q 2025). Revenue: ฿26.5m (down 34% from 1Q 2025). Net income: ฿1.02m (down 78% from 1Q 2025). Profit margin: 3.9% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue.
Upcoming Dividend • Apr 22Upcoming dividend of ฿0.033 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (6.7%).
New Risk • Mar 02New major risk - Revenue and earnings growthRevenue has declined by 1.2% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 1.2% over the past year. High level of non-cash earnings (49% accrual ratio). Market cap is less than US$10m (฿247.0m market cap, or US$7.95m). Minor Risk Revenue is less than US$5m (฿147m revenue, or US$4.7m).
お知らせ • Feb 25Panelesmatic Solutions Public Company Limited announces Annual dividend, payable on May 20, 2026Panelesmatic Solutions Public Company Limited announced Annual dividend of THB 0.0330 per share payable on May 20, 2026, ex-date on April 29, 2026 and record date on April 30, 2026.
お知らせ • Feb 24Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 22, 2026Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time.
New Risk • Nov 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (55% accrual ratio). Market cap is less than US$10m (฿248.9m market cap, or US$7.68m). Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change).
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.024 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.025 (up from ฿0.024 in 3Q 2024). Revenue: ฿39.1m (down 1.7% from 3Q 2024). Net income: ฿4.76m (up 3.6% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024).
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿1.39, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 11x in the Building industry in Thailand. Total returns to shareholders of 17% over the past year.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.023 (vs ฿0.012 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.023 (up from ฿0.012 in 2Q 2024). Revenue: ฿41.7m (up 39% from 2Q 2024). Net income: ฿4.41m (up 100% from 2Q 2024). Profit margin: 11% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.01 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.01 in 1Q 2024). Revenue: ฿40.3m (up 50% from 1Q 2024). Net income: ฿4.73m (up 195% from 1Q 2024). Profit margin: 12% (up from 6.0% in 1Q 2024). The increase in margin was driven by higher revenue.
New Risk • May 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (฿229.9m market cap, or US$6.95m). Minor Risk Revenue is less than US$5m (฿163m revenue, or US$4.9m).
お知らせ • Apr 24Panelesmatic Solutions Public Company Limited Approves Cash Dividend for the Period Ended December 31, 2024, Payable on May 22, 2025PanelesMatic Solutions Public Company Limited at its Annual General Meeting of Shareholders 2025, held on 23 April 2025, approved to pay dividends; for the Company's operating results for the accounting period ending 31 December 2024 by dividend payment in the form of cash at the rate of THB 0.02 per share or the total amount not exceeding THB 3,800,000, The Company has set the record date of shareholders who are entitled to receive the dividend on 21 March 2024, Dividend payment date is set on 22 May 2024.
Upcoming Dividend • Mar 13Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (5.4%).
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.11. Revenue: ฿149.1m (up 13% from FY 2023). Net income: ฿20.0m (up 11% from FY 2023). Profit margin: 13% (in line with FY 2023).
お知らせ • Feb 26+ 1 more updatePanelesmatic Solutions Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2024 to December 31, 2024, Payable on May 22, 2025Panelesmatic Solutions Public Company Limited proposed cash dividend of THB 0.02 per share for the operating period from January 1, 2024 to December 31, 2024. Date of Board resolution: February 25, 2025. Record date for the right to receive dividends: March 21. 2025. Ex-dividend date: March 20, 2025. Payment date: May 22, 2025. Shareholder's meeting date: April 23, 2025.
Reported Earnings • Nov 13Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: ฿0.024. Net income: ฿4.59m (up ฿4.59m from 3Q 2023).
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.012 (vs ฿0.032 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.012 (down from ฿0.032 in 2Q 2023). Revenue: ฿30.0m (flat on 2Q 2023). Net income: ฿2.20m (down 50% from 2Q 2023). Profit margin: 7.3% (down from 15% in 2Q 2023).
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ฿1.35, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 14x in the Building industry in Thailand.
New Risk • Jun 01New major risk - Revenue and earnings growthRevenue has declined by 1.8% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 1.8% over the past year. High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (฿317.3m market cap, or US$8.61m). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (฿129m revenue, or US$3.5m).
お知らせ • May 11+ 2 more updatesPanelesmatic Solutions Public Company Limited Announces Executive ChangesPanelesmatic Solutions Public Company Limited informed that Mr. Somsak Prikboonchan has resigned from the position of the Company Secretary. The resignation has been effective since May 10, 2024. The Board of Directors' Meeting No. 2/2024 of the Company, convened on May 10, 2024, has passed the resolution to appoint Ms. Jutamas Malai as a Company Secretary in place of Mr. Somsak Prikboonchan who resigned. The appointment is effective on May 10, 2024.
New Risk • Apr 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿353.4m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (฿353.4m market cap, or US$9.59m). Minor Risks Less than 3 years of financial data is available. Revenue is less than US$5m (฿132m revenue, or US$3.6m).
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 14x in the Building industry in Thailand.
お知らせ • Mar 01Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 24, 2024Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Location: No. 36 Moo 7 Bang Talad Sub-district, Nonthaburi Province Pakkret Thailand Agenda: To consider and certify the minutes of the Extraordinary General Meeting of Shareholders No. 1/2023; to consider and acknowledge the operating results of the Company in the year 2023; to consider and approve the statement of financial position and the statement of comprehensive income for the fiscal year ending 31 December 2023; to consider and approve the allocation of net profit as legal reserve and the dividend payment for the year 2023; to consider and approve the appointment of directors to replace those retiring by rotation; to consider and approve the determination of remuneration of directors and sub-committees for the year 2024; to consider and approve the appointment of the Company's auditors and determine the auditor's remuneration for the year 2024; and to consider other matters (if any).
お知らせ • Feb 29Panelesmatic Solutions Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2023 to December 31, 2023, Payable on May 15, 2024Panelesmatic Solutions Public Company Limited proposed cash dividend of THB 0.04 per share for the operating period from January 1, 2023 to December 31, 2023. Dividend payable on May 15, 2024, record date of March 13, 2024 and ex-dividend date of March 12, 2024.