Pylon（PYLON）株式概要パイロン・パブリック・カンパニー・リミテッドは子会社のエクセロン社とともにタイで建設サービスを提供している。 詳細PYLON ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績6/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より18.8%で取引されている 過去1年間で収益は1440.3%増加しました リスク分析今後3年間の収益は年平均2.1%減少すると予測されている。 意味のある時価総額がありません ( THB2B )不安定な配当実績 すべてのリスクチェックを見るPYLON Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value฿Current Price฿3.1464.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue ฿1.6bEarnings ฿262.9mAdvancedSet Fair ValueView all narrativesPylon Public Company Limited 競合他社SeafcoSymbol: SET:SEAFCOMarket cap: ฿2.1bUnique Engineering and ConstructionSymbol: SET:UNIQMarket cap: ฿3.0bTEAM Consulting Engineering and ManagementSymbol: SET:TEAMGMarket cap: ฿2.2bSyntec ConstructionSymbol: SET:SYNTECMarket cap: ฿2.6b価格と性能株価の高値、安値、推移の概要Pylon過去の株価現在の株価฿3.1452週高値฿3.3852週安値฿1.73ベータ0.541ヶ月の変化9.79%3ヶ月変化3.97%1年変化76.40%3年間の変化-18.65%5年間の変化-29.28%IPOからの変化351.15%最新ニュースNew Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% 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 5.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.35b market cap, or US$72.1m).Reported Earnings • May 17First quarter 2026 earnings released: EPS: ฿0.10 (vs ฿0.024 in 1Q 2025)First quarter 2026 results: EPS: ฿0.10 (up from ฿0.024 in 1Q 2025). Revenue: ฿488.5m (up 64% from 1Q 2025). Net income: ฿77.3m (up 325% from 1Q 2025). Profit margin: 16% (up from 6.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Asia are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.New Risk • Mar 03New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.29b market cap, or US$72.7m).Declared Dividend • Feb 28Dividend increased to ฿0.24Dividend of ฿0.24 is 500% higher than last year. Ex-date: 17th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 2.5%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 12%.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.28 (vs ฿0.001 in FY 2024)Full year 2025 results: EPS: ฿0.28 (up from ฿0.001 in FY 2024). Revenue: ฿1.49b (up 83% from FY 2024). Net income: ฿210.8m (up ฿210.3m from FY 2024). Profit margin: 14% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 9.0% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 26+ 1 more updatePylon Public Company Limited Proposes Cash Dividend, Payable on 22 May 2026Pylon Public Company Limited considered appropriate to propose to the shareholders' meeting on April 30, 2026 to approve the dividend payment from unappropriated retained earnings worth a total of THB 179,969,615.04 for 749,873,396 ordinary shares in cash at the rate of THB 0.24 per share. The dividend will be granted to the shareholders whose names appear in the Record date. The dividend is to be paid on 22nd May 2026. Ex-dividend date is March 17, 2026 and record date for the right to receive dividends is March 18, 2026.最新情報をもっと見るRecent updatesNew Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% 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 5.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.35b market cap, or US$72.1m).Reported Earnings • May 17First quarter 2026 earnings released: EPS: ฿0.10 (vs ฿0.024 in 1Q 2025)First quarter 2026 results: EPS: ฿0.10 (up from ฿0.024 in 1Q 2025). Revenue: ฿488.5m (up 64% from 1Q 2025). Net income: ฿77.3m (up 325% from 1Q 2025). Profit margin: 16% (up from 6.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Asia are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.New Risk • Mar 03New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.29b market cap, or US$72.7m).Declared Dividend • Feb 28Dividend increased to ฿0.24Dividend of ฿0.24 is 500% higher than last year. Ex-date: 17th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 2.5%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 12%.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.28 (vs ฿0.001 in FY 2024)Full year 2025 results: EPS: ฿0.28 (up from ฿0.001 in FY 2024). Revenue: ฿1.49b (up 83% from FY 2024). Net income: ฿210.8m (up ฿210.3m from FY 2024). Profit margin: 14% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 9.0% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 26+ 1 more updatePylon Public Company Limited Proposes Cash Dividend, Payable on 22 May 2026Pylon Public Company Limited considered appropriate to propose to the shareholders' meeting on April 30, 2026 to approve the dividend payment from unappropriated retained earnings worth a total of THB 179,969,615.04 for 749,873,396 ordinary shares in cash at the rate of THB 0.24 per share. The dividend will be granted to the shareholders whose names appear in the Record date. The dividend is to be paid on 22nd May 2026. Ex-dividend date is March 17, 2026 and record date for the right to receive dividends is March 18, 2026.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.083 (vs ฿0.018 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.083 (up from ฿0.018 in 3Q 2024). Revenue: ฿379.0m (up 30% from 3Q 2024). Net income: ฿62.1m (up 360% from 3Q 2024). Profit margin: 16% (up from 4.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿2.42, the stock trades at a trailing P/E ratio of 21.9x. Average forward P/E is 14x in the Construction industry in Thailand. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.71 per share.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.078 (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.078 (up from ฿0.009 loss in 2Q 2024). Revenue: ฿388.6m (up 143% from 2Q 2024). Net income: ฿58.8m (up ฿65.5m from 2Q 2024). Profit margin: 15% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jul 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to ฿2.08. The fair value is estimated to be ฿1.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 414% in the next 2 years.Buy Or Sell Opportunity • May 30Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to ฿2.10. The fair value is estimated to be ฿1.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 414% in the next 2 years.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.002 in 1Q 2024)First quarter 2025 results: EPS: ฿0.024 (up from ฿0.002 in 1Q 2024). Revenue: ฿298.7m (up 45% from 1Q 2024). Net income: ฿18.2m (up ฿17.0m from 1Q 2024). Profit margin: 6.1% (up from 0.6% in 1Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.お知らせ • Apr 29Pylon Public Company Limited Approves Dividend, Payable on May 23, 2025Pylon Public Company Limited at the AGM held on April 29, 2025 approved the net profit appropriation and dividend payment Resolution: The Meeting approved the dividend payment from retained earnings at the rate of THB 0.04 per share, totaling THB 29,994,935.84 for the existing 749,873,396 ordinary shares. The dividend will be granted to the shareholders whose names appeared on the Record Date, 19 March 2025. The dividend is to be paid on 23 May 2025.Declared Dividend • Mar 02Dividend reduced to ฿0.04Dividend of ฿0.04 is 71% lower than last year. Ex-date: 18th March 2025 Payment date: 23rd May 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (278% earnings payout ratio) nor is it covered by cash flows (108% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 209% to bring the payout ratio under control. However, EPS has declined by 72% over the last 5 years so the company would need to reverse this trend.お知らせ • Feb 26Pylon Public Company Limited Proposes Dividend for 2024, Payable May 23, 2025Pylon Public Company Limited at its AGM to be held on 29 April 2025, proposed to consider appropriate to propose to the shareholders' meeting to approve the dividend payment from unappropriated retained earnings worth a total of THB 29,994,935.84 for 749,873,396 ordinary shares in cash at the rate of THB 0.04 per share. The dividend will be granted to the shareholders whose names appear in the Record date. The dividend is to be paid on May 23, 2025. The Company has not appropriated net profit as legal reserve in 2024 because the Company's legal reserve has been completely appropriated since 2015. However, the right to receive such dividends remains uncertain as it is subject to approval by the shareholders' meeting. Record date for the right to receive dividends is March 19, 2025 and Ex-dividend date is March 18, 2025.Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.001 (vs ฿0.14 in FY 2023)Full year 2024 results: EPS: ฿0.001 (down from ฿0.14 in FY 2023). Revenue: ฿813.6m (down 45% from FY 2023). Net income: ฿501.2k (down 100% from FY 2023). Profit margin: 0.1% (down from 7.2% in FY 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 29% per year.お知らせ • Feb 26Pylon Public Company Limited, Annual General Meeting, Apr 29, 2025Pylon Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:30 SE Asia Standard Time. Location: 252 spe tower, 14th floor, phaholyothin rd, sam sen nai subdistrict, phayathai district, bangkok 10400 ThailandBuy Or Sell Opportunity • Sep 05Now 22% overvaluedOver the last 90 days, the stock has fallen 3.7% to ฿2.10. The fair value is estimated to be ฿1.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 304% in the next 2 years.Reported Earnings • Aug 14Second quarter 2024 earnings released: ฿0.009 loss per share (vs ฿0.015 profit in 2Q 2023)Second quarter 2024 results: ฿0.009 loss per share (down from ฿0.015 profit in 2Q 2023). Revenue: ฿160.0m (down 48% from 2Q 2023). Net loss: ฿6.72m (down 159% from profit in 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction 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 fallen by 25% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jul 02Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to ฿2.14. The fair value is estimated to be ฿2.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 226% in the next 2 years.Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.002 (vs ฿0.081 in 1Q 2023)First quarter 2024 results: EPS: ฿0.002 (down from ฿0.081 in 1Q 2023). Revenue: ฿206.0m (down 66% from 1Q 2023). Net income: ฿1.19m (down 98% from 1Q 2023). Profit margin: 0.6% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 12Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 19 March 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.0%).Declared Dividend • Feb 29Dividend reduced to ฿0.14Dividend of ฿0.14 is 6.7% lower than last year. Ex-date: 19th March 2024 Payment date: 24th May 2024 Dividend yield will be 5.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.お知らせ • Feb 28+ 1 more updatePylon Public Company Limited Proposes Dividend, Payable on May 24, 2024Pylon Public Company Limited announced at the AGM to be held on April 29, 2024, proposed the dividend payment from unappropriated retained earnings worth a total of THB 104,982,275.44 for 749,873,396 ordinary shares in cash at the rate of THB 0.14 per share. The dividend is to be paid on May 24, 2024. Ex-dividend date is March 19, 2024. Record date for the right to receive dividend is March 20, 2024.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.14 (vs ฿0.16 in FY 2022)Full year 2023 results: EPS: ฿0.14 (down from ฿0.16 in FY 2022). Revenue: ฿1.48b (up 29% from FY 2022). Net income: ฿106.3m (down 11% from FY 2022). Profit margin: 7.2% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction 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 fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.006 (vs ฿0.055 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.006 (down from ฿0.055 in 3Q 2022). Revenue: ฿237.4m (down 9.4% from 3Q 2022). Net income: ฿4.32m (down 90% from 3Q 2022). Profit margin: 1.8% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.015 (vs ฿0.072 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.015 (down from ฿0.072 in 2Q 2022). Revenue: ฿308.1m (down 30% from 2Q 2022). Net income: ฿11.4m (down 79% from 2Q 2022). Profit margin: 3.7% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 10Upcoming dividend of ฿0.15 per share at 3.3% yieldEligible shareholders must have bought the stock before 17 March 2023. Payment date: 22 May 2023. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (5.6%). Higher than average of industry peers (1.9%).Reported Earnings • Feb 25Full year 2022 earnings released: EPS: ฿0.16 (vs ฿0.053 in FY 2021)Full year 2022 results: EPS: ฿0.16 (up from ฿0.053 in FY 2021). Revenue: ฿1.15b (up 46% from FY 2021). Net income: ฿119.8m (up 201% from FY 2021). Profit margin: 10% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Buying Opportunity • Jan 24Now 21% undervaluedOver the last 90 days, the stock is up 3.3%. The fair value is estimated to be ฿5.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 54%. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 76% in the next 2 years.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Chaipat Sahasakul was the last independent director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.072 (vs ฿0.002 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.072 (up from ฿0.002 in 2Q 2021). Revenue: ฿441.7m (up 218% from 2Q 2021). Net income: ฿54.1m (up ฿52.9m from 2Q 2021). Profit margin: 12% (up from 0.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 43%, compared to a 19% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Chaipat Sahasakul was the last independent director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Mar 11Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 18 March 2022. Payment date: 23 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (1.8%).お知らせ • Feb 25+ 1 more updatePylon Public Company Limited Proposes Dividend for the Year 2021, Payable on 23 May 2022Pylon Public Company Limited announced that at its board meeting held on 23 February 2022, to propose to the shareholders' meeting for unappropriated retained earnings appropriation for dividend payment for shareholders. The dividend payment is paid in cash at the rate of THB 0.06 per share for 749,873,396 ordinary shares for the year 2021. The company has not appropriated net profit as legal reserve in 2021 because the company's legal reserve has been completely appropriated since 2015. The record date on which the recorded shareholders have the right to attend the Annual General Meeting of Shareholders for the year 2022 and to receive dividend will be on 21 March 2022 and the dividend will be made payable on 23 May 2022.Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.05 (down from ฿0.24 in FY 2020). Revenue: ฿785.9m (down 45% from FY 2020). Net income: ฿39.8m (down 78% from FY 2020). Profit margin: 5.1% (down from 13% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 97%, compared to a 20% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.002 (vs ฿0.051 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿138.8m (down 47% from 2Q 2020). Net income: ฿1.24m (down 97% from 2Q 2020). Profit margin: 0.9% (down from 14% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Executive Departure • Aug 03Director Suchat Boonbanjerdsri has left the companyOn the 23rd of July, Suchat Boonbanjerdsri's tenure as Director ended after 5.3 years in the role. As of March 2021, Suchat still personally held 15.29m shares (฿47m worth at the time). Suchat is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 10.58 years.Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.028 (vs ฿0.14 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿226.3m (down 69% from 1Q 2020). Net income: ฿21.0m (down 80% from 1Q 2020). Profit margin: 9.3% (down from 14% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Mar 15New 90-day high: ฿4.30The company is up 7.0% from a price of ฿4.02 on 15 December 2020. Performed similarly to the Thai market which is up 7.0% over the last 90 days. Exceeded the Construction industry, which is up 1.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at ฿5.40 per share.Upcoming Dividend • Mar 12Upcoming Dividend of ฿0.14 Per ShareWill be paid on the 21st of May to those who are registered shareholders by the 19th of March. The trailing yield of 3.3% is below the top quartile of Thai dividend payers (5.4%), but it is higher than industry peers (2.5%).Reported Earnings • Feb 26Full year 2020 earnings released: EPS ฿0.24 (vs ฿0.37 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.42b (down 8.9% from FY 2019). Net income: ฿182.5m (down 34% from FY 2019). Profit margin: 13% (down from 18% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 9.2%. Over the next year, revenue is forecast to grow 20%, compared to a 12% growth forecast for the Construction industry in Thailand.Is New 90 Day High Low • Dec 17New 90-day high: ฿4.28The company is up 7.0% from its price of ฿4.00 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.74 per share.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.017The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿159.6m (down 41% from 3Q 2019). Net income: ฿12.5m (down 79% from 3Q 2019). Profit margin: 7.8% (down from 22% 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 32% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 28New 90-day low: ฿3.44The company is down 24% from its price of ฿4.52 on 30 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.40 per share.Is New 90 Day High Low • Sep 30New 90-day low: ฿3.56The company is down 16% from its price of ฿4.22 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction 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 ฿2.43 per share.株主還元PYLONTH ConstructionTH 市場7D0%1.0%2.2%1Y76.4%12.7%28.6%株主還元を見る業界別リターン: PYLON過去 1 年間で12.7 % の収益を上げたTH Construction業界を上回りました。リターン対市場: PYLON過去 1 年間で28.6 % の収益を上げたTH市場を上回りました。価格変動Is PYLON's price volatile compared to industry and market?PYLON volatilityPYLON Average Weekly Movement5.6%Construction Industry Average Movement5.6%Market Average Movement4.9%10% most volatile stocks in TH Market10.1%10% least volatile stocks in TH Market2.6%安定した株価: PYLON 、 TH市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: PYLONの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2002667Chanet Sangarayakulwww.pylon.co.thパイロン・パブリック・カンパニー・リミテッドは、子会社のエクセロン社とともに、タイで建設サービスを提供している。円形ボーリング杭、地盤改良、ダイアフラムウォール／バレットパイルなどの基礎サービスを提供している。パイロン・パブリック・カンパニー・リミテッドは2002年に設立され、本社はタイのバンコクにある。もっと見るPylon Public Company Limited 基礎のまとめPylon の収益と売上を時価総額と比較するとどうか。PYLON 基礎統計学時価総額฿2.35b収益（TTM）฿269.89m売上高(TTM)฿1.68b8.7xPER（株価収益率1.4xP/SレシオPYLON は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計PYLON 損益計算書（TTM）収益฿1.68b売上原価฿1.26b売上総利益฿416.03mその他の費用฿146.14m収益฿269.89m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.36グロス・マージン24.78%純利益率16.08%有利子負債／自己資本比率0.3%PYLON の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.6%現在の配当利回り67%配当性向PYLON 配当は確実ですか？PYLON 配当履歴とベンチマークを見るPYLON 、いつまでに購入すれば配当金を受け取れますか？Pylon 配当日配当落ち日Mar 17 2026配当支払日May 22 2026配当落ちまでの日数65 days配当支払日までの日数1 dayPYLON 配当は確実ですか？PYLON 配当履歴とベンチマークを見るView Valuation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2026/05/20 01:55終値2026/05/20 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Pylon Public Company Limited 2 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。4 アナリスト機関Pongrat RatanatavananandaBualuang Securities PCLThanyatorn SongwuttiFSS International AdvisoryAnuwat SrikajornratkulKrungsri Securities Public Company Limited1 その他のアナリストを表示
New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% 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 5.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.35b market cap, or US$72.1m).
Reported Earnings • May 17First quarter 2026 earnings released: EPS: ฿0.10 (vs ฿0.024 in 1Q 2025)First quarter 2026 results: EPS: ฿0.10 (up from ฿0.024 in 1Q 2025). Revenue: ฿488.5m (up 64% from 1Q 2025). Net income: ฿77.3m (up 325% from 1Q 2025). Profit margin: 16% (up from 6.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Asia are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
New Risk • Mar 03New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.29b market cap, or US$72.7m).
Declared Dividend • Feb 28Dividend increased to ฿0.24Dividend of ฿0.24 is 500% higher than last year. Ex-date: 17th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 2.5%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 12%.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.28 (vs ฿0.001 in FY 2024)Full year 2025 results: EPS: ฿0.28 (up from ฿0.001 in FY 2024). Revenue: ฿1.49b (up 83% from FY 2024). Net income: ฿210.8m (up ฿210.3m from FY 2024). Profit margin: 14% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 9.0% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 26+ 1 more updatePylon Public Company Limited Proposes Cash Dividend, Payable on 22 May 2026Pylon Public Company Limited considered appropriate to propose to the shareholders' meeting on April 30, 2026 to approve the dividend payment from unappropriated retained earnings worth a total of THB 179,969,615.04 for 749,873,396 ordinary shares in cash at the rate of THB 0.24 per share. The dividend will be granted to the shareholders whose names appear in the Record date. The dividend is to be paid on 22nd May 2026. Ex-dividend date is March 17, 2026 and record date for the right to receive dividends is March 18, 2026.
New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% 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 5.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.35b market cap, or US$72.1m).
Reported Earnings • May 17First quarter 2026 earnings released: EPS: ฿0.10 (vs ฿0.024 in 1Q 2025)First quarter 2026 results: EPS: ฿0.10 (up from ฿0.024 in 1Q 2025). Revenue: ฿488.5m (up 64% from 1Q 2025). Net income: ฿77.3m (up 325% from 1Q 2025). Profit margin: 16% (up from 6.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Asia are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
New Risk • Mar 03New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.29b market cap, or US$72.7m).
Declared Dividend • Feb 28Dividend increased to ฿0.24Dividend of ฿0.24 is 500% higher than last year. Ex-date: 17th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 2.5%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 12%.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.28 (vs ฿0.001 in FY 2024)Full year 2025 results: EPS: ฿0.28 (up from ฿0.001 in FY 2024). Revenue: ฿1.49b (up 83% from FY 2024). Net income: ฿210.8m (up ฿210.3m from FY 2024). Profit margin: 14% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 9.0% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 26+ 1 more updatePylon Public Company Limited Proposes Cash Dividend, Payable on 22 May 2026Pylon Public Company Limited considered appropriate to propose to the shareholders' meeting on April 30, 2026 to approve the dividend payment from unappropriated retained earnings worth a total of THB 179,969,615.04 for 749,873,396 ordinary shares in cash at the rate of THB 0.24 per share. The dividend will be granted to the shareholders whose names appear in the Record date. The dividend is to be paid on 22nd May 2026. Ex-dividend date is March 17, 2026 and record date for the right to receive dividends is March 18, 2026.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.083 (vs ฿0.018 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.083 (up from ฿0.018 in 3Q 2024). Revenue: ฿379.0m (up 30% from 3Q 2024). Net income: ฿62.1m (up 360% from 3Q 2024). Profit margin: 16% (up from 4.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿2.42, the stock trades at a trailing P/E ratio of 21.9x. Average forward P/E is 14x in the Construction industry in Thailand. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.71 per share.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.078 (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.078 (up from ฿0.009 loss in 2Q 2024). Revenue: ฿388.6m (up 143% from 2Q 2024). Net income: ฿58.8m (up ฿65.5m from 2Q 2024). Profit margin: 15% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jul 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to ฿2.08. The fair value is estimated to be ฿1.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 414% in the next 2 years.
Buy Or Sell Opportunity • May 30Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to ฿2.10. The fair value is estimated to be ฿1.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 414% in the next 2 years.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.002 in 1Q 2024)First quarter 2025 results: EPS: ฿0.024 (up from ฿0.002 in 1Q 2024). Revenue: ฿298.7m (up 45% from 1Q 2024). Net income: ฿18.2m (up ฿17.0m from 1Q 2024). Profit margin: 6.1% (up from 0.6% in 1Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 29Pylon Public Company Limited Approves Dividend, Payable on May 23, 2025Pylon Public Company Limited at the AGM held on April 29, 2025 approved the net profit appropriation and dividend payment Resolution: The Meeting approved the dividend payment from retained earnings at the rate of THB 0.04 per share, totaling THB 29,994,935.84 for the existing 749,873,396 ordinary shares. The dividend will be granted to the shareholders whose names appeared on the Record Date, 19 March 2025. The dividend is to be paid on 23 May 2025.
Declared Dividend • Mar 02Dividend reduced to ฿0.04Dividend of ฿0.04 is 71% lower than last year. Ex-date: 18th March 2025 Payment date: 23rd May 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (278% earnings payout ratio) nor is it covered by cash flows (108% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 209% to bring the payout ratio under control. However, EPS has declined by 72% over the last 5 years so the company would need to reverse this trend.
お知らせ • Feb 26Pylon Public Company Limited Proposes Dividend for 2024, Payable May 23, 2025Pylon Public Company Limited at its AGM to be held on 29 April 2025, proposed to consider appropriate to propose to the shareholders' meeting to approve the dividend payment from unappropriated retained earnings worth a total of THB 29,994,935.84 for 749,873,396 ordinary shares in cash at the rate of THB 0.04 per share. The dividend will be granted to the shareholders whose names appear in the Record date. The dividend is to be paid on May 23, 2025. The Company has not appropriated net profit as legal reserve in 2024 because the Company's legal reserve has been completely appropriated since 2015. However, the right to receive such dividends remains uncertain as it is subject to approval by the shareholders' meeting. Record date for the right to receive dividends is March 19, 2025 and Ex-dividend date is March 18, 2025.
Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.001 (vs ฿0.14 in FY 2023)Full year 2024 results: EPS: ฿0.001 (down from ฿0.14 in FY 2023). Revenue: ฿813.6m (down 45% from FY 2023). Net income: ฿501.2k (down 100% from FY 2023). Profit margin: 0.1% (down from 7.2% in FY 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 29% per year.
お知らせ • Feb 26Pylon Public Company Limited, Annual General Meeting, Apr 29, 2025Pylon Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:30 SE Asia Standard Time. Location: 252 spe tower, 14th floor, phaholyothin rd, sam sen nai subdistrict, phayathai district, bangkok 10400 Thailand
Buy Or Sell Opportunity • Sep 05Now 22% overvaluedOver the last 90 days, the stock has fallen 3.7% to ฿2.10. The fair value is estimated to be ฿1.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 304% in the next 2 years.
Reported Earnings • Aug 14Second quarter 2024 earnings released: ฿0.009 loss per share (vs ฿0.015 profit in 2Q 2023)Second quarter 2024 results: ฿0.009 loss per share (down from ฿0.015 profit in 2Q 2023). Revenue: ฿160.0m (down 48% from 2Q 2023). Net loss: ฿6.72m (down 159% from profit in 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction 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 fallen by 25% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jul 02Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to ฿2.14. The fair value is estimated to be ฿2.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 226% in the next 2 years.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.002 (vs ฿0.081 in 1Q 2023)First quarter 2024 results: EPS: ฿0.002 (down from ฿0.081 in 1Q 2023). Revenue: ฿206.0m (down 66% from 1Q 2023). Net income: ฿1.19m (down 98% from 1Q 2023). Profit margin: 0.6% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 12Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 19 March 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.0%).
Declared Dividend • Feb 29Dividend reduced to ฿0.14Dividend of ฿0.14 is 6.7% lower than last year. Ex-date: 19th March 2024 Payment date: 24th May 2024 Dividend yield will be 5.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.
お知らせ • Feb 28+ 1 more updatePylon Public Company Limited Proposes Dividend, Payable on May 24, 2024Pylon Public Company Limited announced at the AGM to be held on April 29, 2024, proposed the dividend payment from unappropriated retained earnings worth a total of THB 104,982,275.44 for 749,873,396 ordinary shares in cash at the rate of THB 0.14 per share. The dividend is to be paid on May 24, 2024. Ex-dividend date is March 19, 2024. Record date for the right to receive dividend is March 20, 2024.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.14 (vs ฿0.16 in FY 2022)Full year 2023 results: EPS: ฿0.14 (down from ฿0.16 in FY 2022). Revenue: ฿1.48b (up 29% from FY 2022). Net income: ฿106.3m (down 11% from FY 2022). Profit margin: 7.2% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction 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 fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.006 (vs ฿0.055 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.006 (down from ฿0.055 in 3Q 2022). Revenue: ฿237.4m (down 9.4% from 3Q 2022). Net income: ฿4.32m (down 90% from 3Q 2022). Profit margin: 1.8% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.015 (vs ฿0.072 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.015 (down from ฿0.072 in 2Q 2022). Revenue: ฿308.1m (down 30% from 2Q 2022). Net income: ฿11.4m (down 79% from 2Q 2022). Profit margin: 3.7% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 10Upcoming dividend of ฿0.15 per share at 3.3% yieldEligible shareholders must have bought the stock before 17 March 2023. Payment date: 22 May 2023. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (5.6%). Higher than average of industry peers (1.9%).
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: ฿0.16 (vs ฿0.053 in FY 2021)Full year 2022 results: EPS: ฿0.16 (up from ฿0.053 in FY 2021). Revenue: ฿1.15b (up 46% from FY 2021). Net income: ฿119.8m (up 201% from FY 2021). Profit margin: 10% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Jan 24Now 21% undervaluedOver the last 90 days, the stock is up 3.3%. The fair value is estimated to be ฿5.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 54%. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 76% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Chaipat Sahasakul was the last independent director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.072 (vs ฿0.002 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.072 (up from ฿0.002 in 2Q 2021). Revenue: ฿441.7m (up 218% from 2Q 2021). Net income: ฿54.1m (up ฿52.9m from 2Q 2021). Profit margin: 12% (up from 0.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 43%, compared to a 19% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Chaipat Sahasakul was the last independent director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Mar 11Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 18 March 2022. Payment date: 23 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (1.8%).
お知らせ • Feb 25+ 1 more updatePylon Public Company Limited Proposes Dividend for the Year 2021, Payable on 23 May 2022Pylon Public Company Limited announced that at its board meeting held on 23 February 2022, to propose to the shareholders' meeting for unappropriated retained earnings appropriation for dividend payment for shareholders. The dividend payment is paid in cash at the rate of THB 0.06 per share for 749,873,396 ordinary shares for the year 2021. The company has not appropriated net profit as legal reserve in 2021 because the company's legal reserve has been completely appropriated since 2015. The record date on which the recorded shareholders have the right to attend the Annual General Meeting of Shareholders for the year 2022 and to receive dividend will be on 21 March 2022 and the dividend will be made payable on 23 May 2022.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.05 (down from ฿0.24 in FY 2020). Revenue: ฿785.9m (down 45% from FY 2020). Net income: ฿39.8m (down 78% from FY 2020). Profit margin: 5.1% (down from 13% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 97%, compared to a 20% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.002 (vs ฿0.051 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿138.8m (down 47% from 2Q 2020). Net income: ฿1.24m (down 97% from 2Q 2020). Profit margin: 0.9% (down from 14% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Executive Departure • Aug 03Director Suchat Boonbanjerdsri has left the companyOn the 23rd of July, Suchat Boonbanjerdsri's tenure as Director ended after 5.3 years in the role. As of March 2021, Suchat still personally held 15.29m shares (฿47m worth at the time). Suchat is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 10.58 years.
Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.028 (vs ฿0.14 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿226.3m (down 69% from 1Q 2020). Net income: ฿21.0m (down 80% from 1Q 2020). Profit margin: 9.3% (down from 14% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Mar 15New 90-day high: ฿4.30The company is up 7.0% from a price of ฿4.02 on 15 December 2020. Performed similarly to the Thai market which is up 7.0% over the last 90 days. Exceeded the Construction industry, which is up 1.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at ฿5.40 per share.
Upcoming Dividend • Mar 12Upcoming Dividend of ฿0.14 Per ShareWill be paid on the 21st of May to those who are registered shareholders by the 19th of March. The trailing yield of 3.3% is below the top quartile of Thai dividend payers (5.4%), but it is higher than industry peers (2.5%).
Reported Earnings • Feb 26Full year 2020 earnings released: EPS ฿0.24 (vs ฿0.37 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.42b (down 8.9% from FY 2019). Net income: ฿182.5m (down 34% from FY 2019). Profit margin: 13% (down from 18% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 9.2%. Over the next year, revenue is forecast to grow 20%, compared to a 12% growth forecast for the Construction industry in Thailand.
Is New 90 Day High Low • Dec 17New 90-day high: ฿4.28The company is up 7.0% from its price of ฿4.00 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.74 per share.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.017The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿159.6m (down 41% from 3Q 2019). Net income: ฿12.5m (down 79% from 3Q 2019). Profit margin: 7.8% (down from 22% 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 32% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 28New 90-day low: ฿3.44The company is down 24% from its price of ฿4.52 on 30 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.40 per share.
Is New 90 Day High Low • Sep 30New 90-day low: ฿3.56The company is down 16% from its price of ฿4.22 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction 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 ฿2.43 per share.
