View Future GrowthSAAM Development 過去の業績過去 基準チェック /06SAAM Developmentの収益は年間平均-25.9%の割合で減少していますが、 Construction業界の収益は年間 増加しています。収益は年間10.1% 2.6%割合で 増加しています。主要情報-25.86%収益成長率-25.76%EPS成長率Construction 業界の成長-2.73%収益成長率2.60%株主資本利益率-1.61%ネット・マージン-10.83%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.029 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.029 (up from ฿0.025 in 1Q 2025). Revenue: ฿18.8m (flat on 1Q 2025). Net income: ฿9.35m (up 22% from 1Q 2025). Profit margin: 50% (up from 41% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 24Full year 2025 earnings released: ฿0.03 loss per share (vs ฿0.048 profit in FY 2024)Full year 2025 results: ฿0.03 loss per share (down from ฿0.048 profit in FY 2024). Revenue: ฿73.2m (up 1.1% from FY 2024). Net loss: ฿9.66m (down 167% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.005 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.006 (up from ฿0.005 in 3Q 2024). Revenue: ฿18.4m (up 1.6% from 3Q 2024). Net income: ฿1.82m (up 16% from 3Q 2024). Profit margin: 9.9% (up from 8.7% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.065 loss per share (vs ฿0.016 profit in 2Q 2024)Second quarter 2025 results: ฿0.065 loss per share (down from ฿0.016 profit in 2Q 2024). Revenue: ฿18.0m (down 2.1% from 2Q 2024). Net loss: ฿20.6m (down ฿25.5m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.014 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.014 in 1Q 2024). Revenue: ฿18.6m (up 1.5% from 1Q 2024). Net income: ฿7.64m (up 88% from 1Q 2024). Profit margin: 41% (up from 22% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.048 (vs ฿0.20 in FY 2023)Full year 2024 results: EPS: ฿0.048 (down from ฿0.20 in FY 2023). Revenue: ฿72.4m (down 39% from FY 2023). Net income: ฿14.5m (down 77% from FY 2023). Profit margin: 20% (down from 52% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.すべての更新を表示Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.029 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.029 (up from ฿0.025 in 1Q 2025). Revenue: ฿18.8m (flat on 1Q 2025). Net income: ฿9.35m (up 22% from 1Q 2025). Profit margin: 50% (up from 41% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 24Full year 2025 earnings released: ฿0.03 loss per share (vs ฿0.048 profit in FY 2024)Full year 2025 results: ฿0.03 loss per share (down from ฿0.048 profit in FY 2024). Revenue: ฿73.2m (up 1.1% from FY 2024). Net loss: ฿9.66m (down 167% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • Feb 21SAAM Development Public Company Limited, Annual General Meeting, Apr 23, 2026SAAM Development Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time. Location: thonglo 2 room of grande centre point, sukhumvit 55 hotel,300 sukhumvit soi 55 (thonglor), klongton nua, wattana, bangkok ThailandNew Risk • Jan 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 9.4% per year over the past 5 years. Minor Risks Revenue is less than US$5m (฿73m revenue, or US$2.3m). Market cap is less than US$100m (฿1.10b market cap, or US$35.5m).Upcoming Dividend • Nov 20Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 27 November 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (8.1%). Lower than average of industry peers (3.3%).Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.005 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.006 (up from ฿0.005 in 3Q 2024). Revenue: ฿18.4m (up 1.6% from 3Q 2024). Net income: ฿1.82m (up 16% from 3Q 2024). Profit margin: 9.9% (up from 8.7% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Nov 15Saam Development Public Company Limited Approves Interim Dividend for the Nine Month Period Ended 30 September 2025, Payable on 12 December 2025SAAM Development Public Company Limited announced at the board meeting held on November 14, 2025, approved the payment of an interim dividend from the operating results for the 9-month period ended 30 September 2025, and from retained earnings, at the rate of THB 0.050 per share, for a total of 317,000,000 shares, amounting to a total dividend payment of THB 15,850,000 to the shareholders. The record date for determining the names of shareholders entitled to receive the dividend shall be 28 November 2025, and the dividend payment date shall be 12 December 2025.New Risk • Aug 09New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Revenue is less than US$5m (฿72m revenue, or US$2.2m). Market cap is less than US$100m (฿1.85b market cap, or US$57.3m).Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.065 loss per share (vs ฿0.016 profit in 2Q 2024)Second quarter 2025 results: ฿0.065 loss per share (down from ฿0.016 profit in 2Q 2024). Revenue: ฿18.0m (down 2.1% from 2Q 2024). Net loss: ฿20.6m (down ฿25.5m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.014 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.014 in 1Q 2024). Revenue: ฿18.6m (up 1.5% from 1Q 2024). Net income: ฿7.64m (up 88% from 1Q 2024). Profit margin: 41% (up from 22% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Apr 24SAAM Development Public Company Limited Approves the Appointments of DirectorsSAAM Development Public Company Limited approved the appointment of Mr. Manukitti Nityasuddhi and Dr. Thitipong Nandhabiwat as new directors.お知らせ • Mar 05SAAM Development Public Company Limited, Annual General Meeting, Apr 22, 2025SAAM Development Public Company Limited, Annual General Meeting, Apr 22, 2025, at 14:00 SE Asia Standard Time. Location: thonglor 2 room of grande centre, point sukhumvit 55 hotel, 300 sukhumvit soi 55, (thonglor), klongton nua, wattana, bangkok ThailandReported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.048 (vs ฿0.20 in FY 2023)Full year 2024 results: EPS: ฿0.048 (down from ฿0.20 in FY 2023). Revenue: ฿72.4m (down 39% from FY 2023). Net income: ฿14.5m (down 77% from FY 2023). Profit margin: 20% (down from 52% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.お知らせ • Jan 21Saam Development Public Company Limited Announces Board and Committee ChangesSAAM Development Public Company Limited at its board meeting held on 17 January 2025 approved the resignation of Mr. Manukitti Nitisutthi from his position as a Company Director and a member of the Corporate Governance and Sustainability Development Committee, effective January 20, 2025. His resignation was due to ongoing health issues requiring regular medical consultations, which prevent him from fully performing his responsibilities as a Director. To fill the vacant positions, the Board of Directors resolved to appoint: Ms. Krittiya Honghiran as a member of the Corporate Governance and Sustainability Development Committee, effective January 20, 2025. Mr. Poramin Insom as a Company Director, effective January 24, 2025. Mr. Poramin Insom is highly knowledgeable and experienced in the fields of digital assets and digital platforms. He meets all qualifications required by law and holds impressive academic credentials, including: a Master of Arts in International Policy, with a specialization in Cybersecurity Policy and Strategy, from Stanford University and a Master of Science in Information Security from Johns Hopkins University.Valuation Update With 7 Day Price Move • Dec 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 14x in the Construction industry in Thailand. Total loss to shareholders of 22% over the past three years.Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.017 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.005 (down from ฿0.017 in 3Q 2023). Revenue: ฿18.1m (up 1.3% from 3Q 2023). Net income: ฿1.58m (down 69% from 3Q 2023). Profit margin: 8.7% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.New Risk • Nov 06New 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 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (฿118m revenue, or US$3.5m). Market cap is less than US$100m (฿1.86b market cap, or US$54.2m).Valuation Update With 7 Day Price Move • Nov 06Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to ฿6.20, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 17x in the Construction industry in Thailand. Total returns to shareholders of 4.5% over the past three years.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.016 (vs ฿0.017 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.016 (down from ฿0.017 in 2Q 2023). Revenue: ฿18.4m (flat on 2Q 2023). Net income: ฿4.91m (down 3.7% from 2Q 2023). Profit margin: 27% (down from 28% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿6.20, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 18x in the Construction industry in Thailand. Negligible returns to shareholders over past three years.Upcoming Dividend • May 16Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (1.9%).お知らせ • May 12SAAM Development Public Company Limited Approves Interim Cash Dividend for the Operating Period from January 01, 2024 to March 31, 2024, Payable on 07 June 2024SAAM Development Public Company Limited at the board meeting held on 10 May 2024, approved interim cash dividend for the operating period from January 01, 2024 to March 31, 2024 of THB 0.03 per share. The dividend will be payable on 07 June 2024 with Record date for the right to receive dividends of 24 May 2024 and Ex-dividend date of 23 May 2024. This dividend is paid from profits subjected to 20% corporate income tax rate, and individual shareholders are entitled to claim tax credit on the dividend.お知らせ • Mar 20SAAM Development Public Company Limited has filed a Follow-on Equity Offering.SAAM Development Public Company Limited has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 90,000,000 Transaction Features: Rights OfferingNew Risk • Mar 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (52% net profit margin). Revenue is less than US$5m (฿118m revenue, or US$3.3m). Market cap is less than US$100m (฿2.31b market cap, or US$64.5m).Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.20 (vs ฿0.24 in FY 2022)Full year 2023 results: EPS: ฿0.20 (down from ฿0.24 in FY 2022). Revenue: ฿118.4m (up 59% from FY 2022). Net income: ฿61.6m (down 15% from FY 2022). Profit margin: 52% (down from 97% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 02SAAM Development Public Company Limited, Annual General Meeting, Apr 24, 2024SAAM Development Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Location: Thonglo 2 Room of Grande Centre Point Sukhumvit 55 Hotel, 300 Sukhumvit Soi 55 ( Thonglor) , Klongton Nua, Wattana Bangkok Thailand Agenda: To consider Matters to be informed; to consider and adopt the Minutes of the 2023 Annual General Meeting held on 20 April 2023; to acknowledge the Board of Directors' report on the Company's operating results for the year 2023; to consider and approve the financial statements for the year 2023 ended 31 December 2023; and to consider other matters.Upcoming Dividend • Nov 16Upcoming dividend of ฿0.06 per share at 0.7% yieldEligible shareholders must have bought the stock before 23 November 2023. Payment date: 08 December 2023. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (6.8%). Lower than average of industry peers (2.4%).お知らせ • Nov 12SAAM Development Public Company Limited Announces Interim Dividend for the 9-Month Operating Results Ended 30Th September 2023, Payable on December 8, 2023SAAM Development Public Company Limited announced interim dividend of THB 0.060 per share for the Company' s 9-month operating results ended 30th September 2023. The Record Date for specifying the list of shareholders entitled to receive this dividend will be Friday, 24th November 2023 and the dividend will be paid on Friday, 8th December 2023. This dividend is paid from profits subjected to 20% corporate income tax rate, and individual shareholders are entitled to claim tax credit on the dividend. Ex dividend date: November 23, 2023.New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 30% Last year net profit margin: 99% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (30% net profit margin). Revenue is less than US$5m (฿72m revenue, or US$2.0m). Market cap is less than US$100m (฿2.04b market cap, or US$57.7m).New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 201% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (฿20m revenue, or US$581k). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿2.07b market cap, or US$59.0m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.017 (vs ฿0.024 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.017 (down from ฿0.024 in 2Q 2022). Net income: ฿5.10m (down 29% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.023 (vs ฿0.18 in 1Q 2022)First quarter 2023 results: EPS: ฿0.023 (down from ฿0.18 in 1Q 2022). Net income: ฿6.87m (down 88% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 23Full year 2022 earnings released: EPS: ฿0.24 (vs ฿0.092 in FY 2021)Full year 2022 results: EPS: ฿0.24 (up from ฿0.092 in FY 2021). Revenue: ฿126.0m (up 73% from FY 2021). Net income: ฿72.3m (up 161% from FY 2021). Profit margin: 57% (up from 38% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.014 (vs ฿0.024 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.014 (down from ฿0.024 in 3Q 2021). Revenue: ฿17.4m (down 3.5% from 3Q 2021). Net income: ฿4.07m (down 44% from 3Q 2021). Profit margin: 23% (down from 40% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Nov 18Upcoming dividend of ฿0.036 per shareEligible shareholders must have bought the stock before 25 November 2022. Payment date: 13 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (1.8%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Deputy CEO, CFO & Vice Chairman Krittiya Honghiran was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 13First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: ฿72.8m (up 283% from 1Q 2021). Net income: ฿55.6m (up ฿46.5m from 1Q 2021). Profit margin: 76% (up from 48% in 1Q 2021). The increase in margin was driven by higher revenue.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Deputy CEO, CFO & Vice Chairman Krittiya Honghiran was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿7.05, the stock trades at a trailing P/E ratio of 76.3x. Average trailing P/E is 29x in the Construction industry in Thailand. Total returns to shareholders of 453% over the past three years.Reported Earnings • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.092 (up from ฿0.081 in FY 2020). Revenue: ฿73.0m (flat on FY 2020). Net income: ฿27.7m (up 14% from FY 2020). Profit margin: 38% (up from 33% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿7.05, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Construction industry in Thailand. Total returns to shareholders of 574% over the past year.Upcoming Dividend • Nov 15Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 22 November 2021. Payment date: 07 December 2021. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (2.0%).Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ฿0.024 (vs ฿0.024 in 3Q 2020)The company reported a soft third quarter result with weaker revenues, although earnings and profit margins were flat. Third quarter 2021 results: Revenue: ฿18.0m (down 2.5% from 3Q 2020). Net income: ฿7.28m (flat on 3Q 2020). Profit margin: 40% (in line with 3Q 2020).Executive Departure • Aug 24Accounting Manager Pasana Yamsiri has left the companyOn the 16th of August, Pasana Yamsiri's tenure as Accounting Manager ended after 2.4 years in the role. We don't have any record of a personal shareholding under Pasana's name. A total of 2 executives have left over the last 12 months.Upcoming Dividend • Aug 16Upcoming dividend of ฿0.025 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 06 September 2021. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (2.2%).Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS ฿0.023 (vs ฿0.021 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ฿18.5m (down 1.4% from 2Q 2020). Net income: ฿6.95m (up 8.4% from 2Q 2020). Profit margin: 38% (up from 34% in 2Q 2020). The increase in margin was driven by lower expenses.Executive Departure • Jun 24Chairman of the Board Veravath Kongkamee has left the companyOn the 18th of June, Veravath Kongkamee's tenure as Chairman of the Board ended after 1.1 years in the role. We don't have any record of a personal shareholding under Veravath's name. Veravath is the only executive to leave the company over the last 12 months.Executive Departure • Jun 23Chairman of the Board Veravath Kongkamee has left the companyOn the 18th of June, Veravath Kongkamee's tenure as Chairman of the Board ended after 1.1 years in the role. We don't have any record of a personal shareholding under Veravath's name. Veravath is the only executive to leave the company over the last 12 months.Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿6.45, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 29x in the Construction industry in Thailand. Total returns to shareholders of 603% over the past year.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿6.00, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 26x in the Construction industry in Thailand. Total returns to shareholders of 684% over the past year.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 30% share price gain to ฿2.32, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 23x in the Construction industry in Thailand. Total returns to shareholders of 309% over the past year.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿1.83, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 21x in the Construction industry in Thailand. Total returns to shareholders of 207% over the past year.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿1.53, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 15x. This compares to an average P/E of 17x in the Construction industry in Thailand. Total returns to shareholders over the past year are 118%.Is New 90 Day High Low • Mar 04New 90-day high: ฿1.53The company is up 44% from its price of ฿1.06 on 04 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 5.0% over the same period.Upcoming Dividend • Mar 02Upcoming Dividend of ฿0.013 Per ShareWill be paid on the 14th of May to those who are registered shareholders by the 9th of March. The trailing yield of 7.1% is in the top quartile of Thai dividend payers (5.9%), and it is higher than industry peers (3.4%).Reported Earnings • Feb 20Full year 2020 earnings released: EPS ฿0.081 (vs ฿0.055 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿73.4m (flat on FY 2019). Net income: ฿24.3m (up 47% from FY 2019). Profit margin: 33% (up from 23% in FY 2019).Is New 90 Day High Low • Feb 04New 90-day high: ฿1.13The company is up 12% from its price of ฿1.01 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 7.0% over the same period.Upcoming Dividend • Nov 12Upcoming Dividend of ฿0.013 Per ShareWill be paid on the 3rd of December to those who are registered shareholders by the 19th of November. The trailing yield of 8.4% is in the top quartile of Thai dividend payers (6.9%), and it is higher than industry peers (3.8%).Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ฿0.024The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿19.1m (up 4.1% from 3Q 2019). Net income: ฿7.30m (up 357% from 3Q 2019). Profit margin: 38% (up from 8.7% in 3Q 2019). The increase in margin was primarily driven by lower expenses.Is New 90 Day High Low • Oct 08New 90-day high: ฿1.09The company is up 1.0% from its price of ฿1.08 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 13% over the same period.収支内訳SAAM Development 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:SAAM 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 2673-863031 Dec 2573-1061030 Sep 2573-761030 Jun 2572-758031 Mar 25731829031 Dec 24721429030 Sep 241195525030 Jun 241185923031 Mar 241185923031 Dec 231186222030 Sep 23722323030 Jun 23722123031 Mar 23712423031 Dec 22757227030 Sep 22747125030 Jun 22757425031 Mar 22757425031 Dec 21732820030 Sep 21732719030 Jun 21732719031 Mar 21742618031 Dec 20732419030 Sep 20742620030 Jun 20742024031 Mar 20741925031 Dec 19731727030 Sep 19731429030 Jun 19721429031 Mar 19731428031 Dec 18721526030 Sep 18721626030 Jun 18722024031 Mar 18721923031 Dec 17731924031 Dec 16743113031 Dec 15314150質の高い収益: SAAMは現在利益が出ていません。利益率の向上: SAAMは現在利益が出ていません。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: SAAMは利益が出ておらず、過去 5 年間で損失は年間25.9%の割合で増加しています。成長の加速: SAAMの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: SAAMは利益が出ていないため、過去 1 年間の収益成長をConstruction業界 ( 52.6% ) と比較することは困難です。株主資本利益率高いROE: SAAMは現在利益が出ていないため、自己資本利益率 ( -1.61% ) はマイナスです。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2026/05/22 05:13終値2026/05/22 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SAAM Development 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Tanasead PojkasemsinBualuang Securities PCL
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.029 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.029 (up from ฿0.025 in 1Q 2025). Revenue: ฿18.8m (flat on 1Q 2025). Net income: ฿9.35m (up 22% from 1Q 2025). Profit margin: 50% (up from 41% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 24Full year 2025 earnings released: ฿0.03 loss per share (vs ฿0.048 profit in FY 2024)Full year 2025 results: ฿0.03 loss per share (down from ฿0.048 profit in FY 2024). Revenue: ฿73.2m (up 1.1% from FY 2024). Net loss: ฿9.66m (down 167% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.005 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.006 (up from ฿0.005 in 3Q 2024). Revenue: ฿18.4m (up 1.6% from 3Q 2024). Net income: ฿1.82m (up 16% from 3Q 2024). Profit margin: 9.9% (up from 8.7% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.065 loss per share (vs ฿0.016 profit in 2Q 2024)Second quarter 2025 results: ฿0.065 loss per share (down from ฿0.016 profit in 2Q 2024). Revenue: ฿18.0m (down 2.1% from 2Q 2024). Net loss: ฿20.6m (down ฿25.5m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.014 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.014 in 1Q 2024). Revenue: ฿18.6m (up 1.5% from 1Q 2024). Net income: ฿7.64m (up 88% from 1Q 2024). Profit margin: 41% (up from 22% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.048 (vs ฿0.20 in FY 2023)Full year 2024 results: EPS: ฿0.048 (down from ฿0.20 in FY 2023). Revenue: ฿72.4m (down 39% from FY 2023). Net income: ฿14.5m (down 77% from FY 2023). Profit margin: 20% (down from 52% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.029 (vs ฿0.025 in 1Q 2025)First quarter 2026 results: EPS: ฿0.029 (up from ฿0.025 in 1Q 2025). Revenue: ฿18.8m (flat on 1Q 2025). Net income: ฿9.35m (up 22% from 1Q 2025). Profit margin: 50% (up from 41% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 24Full year 2025 earnings released: ฿0.03 loss per share (vs ฿0.048 profit in FY 2024)Full year 2025 results: ฿0.03 loss per share (down from ฿0.048 profit in FY 2024). Revenue: ฿73.2m (up 1.1% from FY 2024). Net loss: ฿9.66m (down 167% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 21SAAM Development Public Company Limited, Annual General Meeting, Apr 23, 2026SAAM Development Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time. Location: thonglo 2 room of grande centre point, sukhumvit 55 hotel,300 sukhumvit soi 55 (thonglor), klongton nua, wattana, bangkok Thailand
New Risk • Jan 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 9.4% per year over the past 5 years. Minor Risks Revenue is less than US$5m (฿73m revenue, or US$2.3m). Market cap is less than US$100m (฿1.10b market cap, or US$35.5m).
Upcoming Dividend • Nov 20Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 27 November 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (8.1%). Lower than average of industry peers (3.3%).
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.005 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.006 (up from ฿0.005 in 3Q 2024). Revenue: ฿18.4m (up 1.6% from 3Q 2024). Net income: ฿1.82m (up 16% from 3Q 2024). Profit margin: 9.9% (up from 8.7% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 15Saam Development Public Company Limited Approves Interim Dividend for the Nine Month Period Ended 30 September 2025, Payable on 12 December 2025SAAM Development Public Company Limited announced at the board meeting held on November 14, 2025, approved the payment of an interim dividend from the operating results for the 9-month period ended 30 September 2025, and from retained earnings, at the rate of THB 0.050 per share, for a total of 317,000,000 shares, amounting to a total dividend payment of THB 15,850,000 to the shareholders. The record date for determining the names of shareholders entitled to receive the dividend shall be 28 November 2025, and the dividend payment date shall be 12 December 2025.
New Risk • Aug 09New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Revenue is less than US$5m (฿72m revenue, or US$2.2m). Market cap is less than US$100m (฿1.85b market cap, or US$57.3m).
Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.065 loss per share (vs ฿0.016 profit in 2Q 2024)Second quarter 2025 results: ฿0.065 loss per share (down from ฿0.016 profit in 2Q 2024). Revenue: ฿18.0m (down 2.1% from 2Q 2024). Net loss: ฿20.6m (down ฿25.5m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.014 in 1Q 2024)First quarter 2025 results: EPS: ฿0.025 (up from ฿0.014 in 1Q 2024). Revenue: ฿18.6m (up 1.5% from 1Q 2024). Net income: ฿7.64m (up 88% from 1Q 2024). Profit margin: 41% (up from 22% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 24SAAM Development Public Company Limited Approves the Appointments of DirectorsSAAM Development Public Company Limited approved the appointment of Mr. Manukitti Nityasuddhi and Dr. Thitipong Nandhabiwat as new directors.
お知らせ • Mar 05SAAM Development Public Company Limited, Annual General Meeting, Apr 22, 2025SAAM Development Public Company Limited, Annual General Meeting, Apr 22, 2025, at 14:00 SE Asia Standard Time. Location: thonglor 2 room of grande centre, point sukhumvit 55 hotel, 300 sukhumvit soi 55, (thonglor), klongton nua, wattana, bangkok Thailand
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.048 (vs ฿0.20 in FY 2023)Full year 2024 results: EPS: ฿0.048 (down from ฿0.20 in FY 2023). Revenue: ฿72.4m (down 39% from FY 2023). Net income: ฿14.5m (down 77% from FY 2023). Profit margin: 20% (down from 52% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.
お知らせ • Jan 21Saam Development Public Company Limited Announces Board and Committee ChangesSAAM Development Public Company Limited at its board meeting held on 17 January 2025 approved the resignation of Mr. Manukitti Nitisutthi from his position as a Company Director and a member of the Corporate Governance and Sustainability Development Committee, effective January 20, 2025. His resignation was due to ongoing health issues requiring regular medical consultations, which prevent him from fully performing his responsibilities as a Director. To fill the vacant positions, the Board of Directors resolved to appoint: Ms. Krittiya Honghiran as a member of the Corporate Governance and Sustainability Development Committee, effective January 20, 2025. Mr. Poramin Insom as a Company Director, effective January 24, 2025. Mr. Poramin Insom is highly knowledgeable and experienced in the fields of digital assets and digital platforms. He meets all qualifications required by law and holds impressive academic credentials, including: a Master of Arts in International Policy, with a specialization in Cybersecurity Policy and Strategy, from Stanford University and a Master of Science in Information Security from Johns Hopkins University.
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 14x in the Construction industry in Thailand. Total loss to shareholders of 22% over the past three years.
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.017 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.005 (down from ฿0.017 in 3Q 2023). Revenue: ฿18.1m (up 1.3% from 3Q 2023). Net income: ฿1.58m (down 69% from 3Q 2023). Profit margin: 8.7% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.
New Risk • Nov 06New 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 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (฿118m revenue, or US$3.5m). Market cap is less than US$100m (฿1.86b market cap, or US$54.2m).
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to ฿6.20, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 17x in the Construction industry in Thailand. Total returns to shareholders of 4.5% over the past three years.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.016 (vs ฿0.017 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.016 (down from ฿0.017 in 2Q 2023). Revenue: ฿18.4m (flat on 2Q 2023). Net income: ฿4.91m (down 3.7% from 2Q 2023). Profit margin: 27% (down from 28% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿6.20, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 18x in the Construction industry in Thailand. Negligible returns to shareholders over past three years.
Upcoming Dividend • May 16Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (1.9%).
お知らせ • May 12SAAM Development Public Company Limited Approves Interim Cash Dividend for the Operating Period from January 01, 2024 to March 31, 2024, Payable on 07 June 2024SAAM Development Public Company Limited at the board meeting held on 10 May 2024, approved interim cash dividend for the operating period from January 01, 2024 to March 31, 2024 of THB 0.03 per share. The dividend will be payable on 07 June 2024 with Record date for the right to receive dividends of 24 May 2024 and Ex-dividend date of 23 May 2024. This dividend is paid from profits subjected to 20% corporate income tax rate, and individual shareholders are entitled to claim tax credit on the dividend.
お知らせ • Mar 20SAAM Development Public Company Limited has filed a Follow-on Equity Offering.SAAM Development Public Company Limited has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 90,000,000 Transaction Features: Rights Offering
New Risk • Mar 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (52% net profit margin). Revenue is less than US$5m (฿118m revenue, or US$3.3m). Market cap is less than US$100m (฿2.31b market cap, or US$64.5m).
Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.20 (vs ฿0.24 in FY 2022)Full year 2023 results: EPS: ฿0.20 (down from ฿0.24 in FY 2022). Revenue: ฿118.4m (up 59% from FY 2022). Net income: ฿61.6m (down 15% from FY 2022). Profit margin: 52% (down from 97% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 02SAAM Development Public Company Limited, Annual General Meeting, Apr 24, 2024SAAM Development Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Location: Thonglo 2 Room of Grande Centre Point Sukhumvit 55 Hotel, 300 Sukhumvit Soi 55 ( Thonglor) , Klongton Nua, Wattana Bangkok Thailand Agenda: To consider Matters to be informed; to consider and adopt the Minutes of the 2023 Annual General Meeting held on 20 April 2023; to acknowledge the Board of Directors' report on the Company's operating results for the year 2023; to consider and approve the financial statements for the year 2023 ended 31 December 2023; and to consider other matters.
Upcoming Dividend • Nov 16Upcoming dividend of ฿0.06 per share at 0.7% yieldEligible shareholders must have bought the stock before 23 November 2023. Payment date: 08 December 2023. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (6.8%). Lower than average of industry peers (2.4%).
お知らせ • Nov 12SAAM Development Public Company Limited Announces Interim Dividend for the 9-Month Operating Results Ended 30Th September 2023, Payable on December 8, 2023SAAM Development Public Company Limited announced interim dividend of THB 0.060 per share for the Company' s 9-month operating results ended 30th September 2023. The Record Date for specifying the list of shareholders entitled to receive this dividend will be Friday, 24th November 2023 and the dividend will be paid on Friday, 8th December 2023. This dividend is paid from profits subjected to 20% corporate income tax rate, and individual shareholders are entitled to claim tax credit on the dividend. Ex dividend date: November 23, 2023.
New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 30% Last year net profit margin: 99% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (30% net profit margin). Revenue is less than US$5m (฿72m revenue, or US$2.0m). Market cap is less than US$100m (฿2.04b market cap, or US$57.7m).
New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 201% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (฿20m revenue, or US$581k). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿2.07b market cap, or US$59.0m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.017 (vs ฿0.024 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.017 (down from ฿0.024 in 2Q 2022). Net income: ฿5.10m (down 29% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.023 (vs ฿0.18 in 1Q 2022)First quarter 2023 results: EPS: ฿0.023 (down from ฿0.18 in 1Q 2022). Net income: ฿6.87m (down 88% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 23Full year 2022 earnings released: EPS: ฿0.24 (vs ฿0.092 in FY 2021)Full year 2022 results: EPS: ฿0.24 (up from ฿0.092 in FY 2021). Revenue: ฿126.0m (up 73% from FY 2021). Net income: ฿72.3m (up 161% from FY 2021). Profit margin: 57% (up from 38% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.014 (vs ฿0.024 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.014 (down from ฿0.024 in 3Q 2021). Revenue: ฿17.4m (down 3.5% from 3Q 2021). Net income: ฿4.07m (down 44% from 3Q 2021). Profit margin: 23% (down from 40% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Nov 18Upcoming dividend of ฿0.036 per shareEligible shareholders must have bought the stock before 25 November 2022. Payment date: 13 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (1.8%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Deputy CEO, CFO & Vice Chairman Krittiya Honghiran was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 13First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: ฿72.8m (up 283% from 1Q 2021). Net income: ฿55.6m (up ฿46.5m from 1Q 2021). Profit margin: 76% (up from 48% in 1Q 2021). The increase in margin was driven by higher revenue.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Deputy CEO, CFO & Vice Chairman Krittiya Honghiran was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿7.05, the stock trades at a trailing P/E ratio of 76.3x. Average trailing P/E is 29x in the Construction industry in Thailand. Total returns to shareholders of 453% over the past three years.
Reported Earnings • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.092 (up from ฿0.081 in FY 2020). Revenue: ฿73.0m (flat on FY 2020). Net income: ฿27.7m (up 14% from FY 2020). Profit margin: 38% (up from 33% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿7.05, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Construction industry in Thailand. Total returns to shareholders of 574% over the past year.
Upcoming Dividend • Nov 15Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 22 November 2021. Payment date: 07 December 2021. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (2.0%).
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ฿0.024 (vs ฿0.024 in 3Q 2020)The company reported a soft third quarter result with weaker revenues, although earnings and profit margins were flat. Third quarter 2021 results: Revenue: ฿18.0m (down 2.5% from 3Q 2020). Net income: ฿7.28m (flat on 3Q 2020). Profit margin: 40% (in line with 3Q 2020).
Executive Departure • Aug 24Accounting Manager Pasana Yamsiri has left the companyOn the 16th of August, Pasana Yamsiri's tenure as Accounting Manager ended after 2.4 years in the role. We don't have any record of a personal shareholding under Pasana's name. A total of 2 executives have left over the last 12 months.
Upcoming Dividend • Aug 16Upcoming dividend of ฿0.025 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 06 September 2021. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (2.2%).
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS ฿0.023 (vs ฿0.021 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ฿18.5m (down 1.4% from 2Q 2020). Net income: ฿6.95m (up 8.4% from 2Q 2020). Profit margin: 38% (up from 34% in 2Q 2020). The increase in margin was driven by lower expenses.
Executive Departure • Jun 24Chairman of the Board Veravath Kongkamee has left the companyOn the 18th of June, Veravath Kongkamee's tenure as Chairman of the Board ended after 1.1 years in the role. We don't have any record of a personal shareholding under Veravath's name. Veravath is the only executive to leave the company over the last 12 months.
Executive Departure • Jun 23Chairman of the Board Veravath Kongkamee has left the companyOn the 18th of June, Veravath Kongkamee's tenure as Chairman of the Board ended after 1.1 years in the role. We don't have any record of a personal shareholding under Veravath's name. Veravath is the only executive to leave the company over the last 12 months.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿6.45, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 29x in the Construction industry in Thailand. Total returns to shareholders of 603% over the past year.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿6.00, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 26x in the Construction industry in Thailand. Total returns to shareholders of 684% over the past year.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 30% share price gain to ฿2.32, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 23x in the Construction industry in Thailand. Total returns to shareholders of 309% over the past year.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿1.83, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 21x in the Construction industry in Thailand. Total returns to shareholders of 207% over the past year.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿1.53, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 15x. This compares to an average P/E of 17x in the Construction industry in Thailand. Total returns to shareholders over the past year are 118%.
Is New 90 Day High Low • Mar 04New 90-day high: ฿1.53The company is up 44% from its price of ฿1.06 on 04 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 5.0% over the same period.
Upcoming Dividend • Mar 02Upcoming Dividend of ฿0.013 Per ShareWill be paid on the 14th of May to those who are registered shareholders by the 9th of March. The trailing yield of 7.1% is in the top quartile of Thai dividend payers (5.9%), and it is higher than industry peers (3.4%).
Reported Earnings • Feb 20Full year 2020 earnings released: EPS ฿0.081 (vs ฿0.055 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿73.4m (flat on FY 2019). Net income: ฿24.3m (up 47% from FY 2019). Profit margin: 33% (up from 23% in FY 2019).
Is New 90 Day High Low • Feb 04New 90-day high: ฿1.13The company is up 12% from its price of ฿1.01 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 7.0% over the same period.
Upcoming Dividend • Nov 12Upcoming Dividend of ฿0.013 Per ShareWill be paid on the 3rd of December to those who are registered shareholders by the 19th of November. The trailing yield of 8.4% is in the top quartile of Thai dividend payers (6.9%), and it is higher than industry peers (3.8%).
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ฿0.024The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿19.1m (up 4.1% from 3Q 2019). Net income: ฿7.30m (up 357% from 3Q 2019). Profit margin: 38% (up from 8.7% in 3Q 2019). The increase in margin was primarily driven by lower expenses.
Is New 90 Day High Low • Oct 08New 90-day high: ฿1.09The company is up 1.0% from its price of ฿1.08 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 13% over the same period.