View Future GrowthChayo Group 過去の業績過去 基準チェック /06Chayo Groupの収益は年間平均-19.7%の割合で減少していますが、 Commercial Services業界の収益は年間 増加しています。収益は年間2.3% 27.4%割合で 増加しています。主要情報-19.75%収益成長率-21.53%EPS成長率Commercial Services 業界の成長-0.16%収益成長率27.40%株主資本利益率-10.08%ネット・マージン-24.97%次回の業績アップデート18 Aug 2026最近の業績更新Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. 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 46% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.086 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.024 (down from ฿0.086 in 3Q 2024). Revenue: ฿585.6m (up 11% from 3Q 2024). Net income: ฿28.3m (down 72% from 3Q 2024). Profit margin: 4.8% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.082 (vs ฿0.067 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.082 (up from ฿0.067 in 2Q 2024). Revenue: ฿529.2m (up 10% from 2Q 2024). Net income: ฿94.6m (up 23% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. 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 42% per year, which means it is significantly lagging earnings.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (up from ฿0.003 in 1Q 2024). Revenue: ฿548.6m (up 11% from 1Q 2024). Net income: ฿80.2m (up ฿77.0m from 1Q 2024). Profit margin: 15% (up from 0.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ฿0.21 (down from ฿0.34 in FY 2023). Revenue: ฿2.03b (up 33% from FY 2023). Net income: ฿241.2m (down 38% from FY 2023). Profit margin: 12% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesNew Risk • Jul 03New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿1.35b market cap, or US$40.8m).Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. 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 46% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.New Risk • Feb 27New 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 6.4% 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: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.40b market cap, or US$45.0m).お知らせ • Feb 27Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.07 per share.Major Estimate Revision • Nov 23Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.15b to ฿2.12b. EPS estimate also fell from ฿0.36 per share to ฿0.22 per share. Net income forecast to grow 23% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿2.75 to ฿2.23. Share price was steady at ฿1.34 over the past week.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.086 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.024 (down from ฿0.086 in 3Q 2024). Revenue: ฿585.6m (up 11% from 3Q 2024). Net income: ฿28.3m (down 72% from 3Q 2024). Profit margin: 4.8% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 17Price target decreased by 14% to ฿2.75Down from ฿3.21, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ฿1.92. Stock is down 27% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.21 last year.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.082 (vs ฿0.067 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.082 (up from ฿0.067 in 2Q 2024). Revenue: ฿529.2m (up 10% from 2Q 2024). Net income: ฿94.6m (up 23% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. 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 42% per year, which means it is significantly lagging earnings.New Risk • Aug 15New 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 9.7% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Market cap is less than US$100m (฿1.71b market cap, or US$52.9m).Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿1.92, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 80% over the past three years.Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.45, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿0.74 per share.Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.91, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (up from ฿0.003 in 1Q 2024). Revenue: ฿548.6m (up 11% from 1Q 2024). Net income: ฿80.2m (up ฿77.0m from 1Q 2024). Profit margin: 15% (up from 0.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.お知らせ • Apr 24Chayo Group Public Company Limited Approves Cash Dividend for the Fiscal Year Ended 2024 , Payable on May 22, 2025Chayo Group Public Company Limited at its General Meeting of Shareholders, held on April 23, 2025, approved to distribute common stock dividend from the Company's operating results for the fiscal year ended 2024 from unallocated retained earnings as the newly issued ordinary shares of the Company to the existing shareholders of the Company at the rate of 40 existing shares per 1 ordinary share, with the total number of shares not exceeding 31,272,566 shares at a par value of THB 0.50, totaling not exceeding THB 15,636,283, representing stock dividend at the rate of 0.0125000 per share. Where the shareholder has share fraction derived from the allocation of stock dividend, the Company will pay such shareholder for the fraction in cash at the rate of THB 0.0125000 per share, and to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and within May 22, 2025, as the dividend payment date.お知らせ • Mar 13Chayo Group Public Company Limited announces Annual dividend, payable on May 22, 2025Chayo Group Public Company Limited announced Annual dividend of THB 0.0014 per share payable on May 22, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.お知らせ • Mar 12+ 1 more updateChayo Group Public Company Limited Proposes Cash Dividend for Fiscal Year Ended December 31, 2024, Payable on May 23, 2025Chayo Group Public Company Limited at its board meeting held on March 11, 2025, approved to propose cash dividend for fiscal year ended December 31, 2024. For the period, the company proposes to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and May 23, 2025, as the dividend payment date. However, the right to receive dividend is subject to the approval by the 2025 Annual General Meeting of Shareholders to be held on April 23, 2025.Reported Earnings • Feb 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ฿0.21 (down from ฿0.34 in FY 2023). Revenue: ฿2.03b (up 33% from FY 2023). Net income: ฿241.2m (down 38% from FY 2023). Profit margin: 12% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.New Risk • Feb 27New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿2.62b market cap, or US$77.1m).New Risk • Nov 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.41b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿3.41b market cap, or US$99.1m).Major Estimate Revision • Nov 19Consensus EPS estimates fall by 18%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.74b to ฿1.83b. EPS estimate fell from ฿0.317 to ฿0.26 per share. Net income forecast to grow 39% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target of ฿3.97 unchanged from last update. Share price was steady at ฿3.14 over the past week.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ฿0.088 (vs ฿0.066 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.088 (up from ฿0.066 in 3Q 2023). Revenue: ฿526.4m (up 40% from 3Q 2023). Net income: ฿100.5m (up 33% from 3Q 2023). Profit margin: 19% (down from 20% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿4.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 62% over the past three years.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.22, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.38 per share.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.067 (vs ฿0.081 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.067 (down from ฿0.081 in 2Q 2023). Revenue: ฿479.2m (up 44% from 2Q 2023). Net income: ฿76.8m (down 16% from 2Q 2023). Profit margin: 16% (down from 28% in 2Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.New Risk • Aug 05New 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿2.71b market cap, or US$76.8m).Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿2.74, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 77% over the past three years.New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.46b (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿3.46b market cap, or US$96.1m).New Risk • Jun 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 25% 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: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin).Upcoming Dividend • May 23Upcoming dividend of ฿0.035 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 0.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (1.7%).Major Estimate Revision • May 15Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.62b to ฿1.72b. EPS estimate fell from ฿0.36 to ฿0.315 per share. Net income forecast to shrink 10% next year vs 20% growth forecast for Commercial Services industry in Thailand . Consensus price target down from ฿6.75 to ฿5.85. Share price fell 6.0% to ฿4.04 over the past week.お知らせ • May 11Chayo Group Public Company Limited Announces Cash Dividend, Payable on June 10, 2024Chayo Group Public Company Limited announced cash dividend of THB 0.035 per share, payable on June 10, 2024 with Record date for the right to receive dividends of June 4, 2024 and Ex-dividend date of May 31, 2024.お知らせ • Apr 26Chayo Group Public Company Limited Approves the Omission of Dividend Payment for the Fiscal Year Ended December 31, 2023Chayo Group Public Company Limited at its 2024 Annual General Meeting of Shareholders, held on April 24, 2024, approved the omission of dividend payment for the fiscal year ended December 31, 2023.New Risk • Apr 09New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).お知らせ • Mar 09+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024Chayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and adopt the Minutes of the Extraordinary General Meeting of Shareholders No. 1/2023; to acknowledge the Company's operating results of the year 2023; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2023; to consider and approve the allocation of net profit as legal reserve and approve the omission of dividend payment; and to consider other matters.New Risk • Mar 05New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change).Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.34 (up from ฿0.23 in FY 2022). Revenue: ฿1.53b (up 53% from FY 2022). Net income: ฿391.1m (up 56% from FY 2022). Profit margin: 26% (in line with FY 2022). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.New Risk • Dec 08New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (45% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).Major Estimate Revision • Nov 17Consensus revenue estimates increase by 32%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿1.24b to ฿1.64b. EPS estimate increased from ฿0.265 to ฿0.34 per share. Net income forecast to grow 12% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿10.59 to ฿7.50. Share price was steady at ฿5.50 over the past week.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.066 (vs ฿0.032 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.066 (up from ฿0.032 in 3Q 2022). Revenue: ฿376.4m (up 48% from 3Q 2022). Net income: ฿75.6m (up 110% from 3Q 2022). Profit margin: 20% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 13Price target decreased by 27% to ฿7.50Down from ฿10.29, the current price target is provided by 1 analyst. New target price is 44% above last closing price of ฿5.20. Stock is down 28% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.23 last year.お知らせ • Sep 28Chayo Group Public Company Limited Approves Interim Cash Dividend, Payable on October 27, 2023Chayo Group Public Company Limited at its EGM held on September 27, 2023 approved to distribute interim cash dividend at the rate of THB 0.00111112 per share, totaling in equivalent to approximately not exceeding THB 1,238,787 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of October 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within October 27, 2023, as the dividend payment date.お知らせ • Aug 26Chayo Group Public Company Limited Announces Appointment of Kitti Tungsriwong as Acting Chief Financial OfficerChayo Group Public Company Limited announced appointment of Mr. Kitti Tungsriwong as Acting Chief Financial Officer. Effective Date of Appointment: 25 August 2023.お知らせ • Aug 11+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023Chayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023, at 10:00 Singapore Standard Time. Agenda: To consider and adopt the Minutes of the 2023 Annual General Meeting of Shareholders; to consider and approve the interim dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 3; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the decrease of the Company's registered capital; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the increase of the Company's registered capital; and to transact other business.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.081 (vs ฿0.051 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.081 (up from ฿0.051 in 2Q 2022). Revenue: ฿412.2m (up 83% from 2Q 2022). Net income: ฿91.8m (up 62% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿7.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 12% over the past three years.New Risk • Jun 27New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (48% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿6.45, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 29% over the past three years.お知らせ • Dec 28Chayo Group Public Company Limited Approves Dividend, Payable on or Before 26 January 2022Chayo Group Public Company Limited at its EGM held on December 27, 2022 approved cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and the dividend payment date will be on or before 26 January 2022.Price Target Changed • Nov 16Price target decreased to ฿15.27Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 87% above last closing price of ฿8.15. Stock is down 33% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.23 last year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Nov 11Chayo Group Public Company Limited Proposes Cash Dividend, Payable Within January 26, 2023The board of directors of Chayo Group Public Company Limited at its meeting held on November 10, 2022, proposed distribute cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within January 26, 2023, as the dividend payment date.Major Estimate Revision • Aug 18Consensus revenue estimates fall by 14%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿1.25b to ฿1.07b. EPS estimate fell from ฿0.49 to ฿0.36 per share. Net income forecast to grow 63% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿18.30 to ฿16.47. Share price was steady at ฿10.70 over the past week.Price Target Changed • Aug 16Price target decreased to ฿16.47Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 52% above last closing price of ฿10.80. Stock is down 0.6% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.23 last year.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.053 (vs ฿0.039 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.053 (up from ฿0.039 in 2Q 2021). Revenue: ฿225.1m (up 44% from 2Q 2021). Net income: ฿56.5m (up 61% from 2Q 2021). Profit margin: 25% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 49%, compared to a 15% growth forecast for the industry in Thailand. 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 44% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 16First quarter 2022 earnings: Revenues in line with analyst expectationsFirst quarter 2022 results: Revenue: ฿221.8m (up 26% from 1Q 2021). Net income: ฿72.5m (up 13% from 1Q 2021). Profit margin: 33% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 63%, compared to a 16% growth forecast for the industry in Thailand.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Apr 03Price target increased to ฿19.43Up from ฿17.59, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿12.70. Stock is up 17% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.24 last year.Reported Earnings • Feb 27Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: ฿720.4m (up 50% from FY 2020). Net income: ฿219.0m (up 41% from FY 2020). Profit margin: 30% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 19%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿705.0m to ฿688.7m. EPS estimate also fell from ฿0.27 per share to ฿0.24 per share. Net income forecast to grow 49% next year vs 19% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿16.48 to ฿15.95. Share price fell 2.3% to ฿12.60 over the past week.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.074 (vs ฿0.045 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿174.0m (up 44% from 3Q 2020). Net income: ฿70.9m (up 121% from 3Q 2020). Profit margin: 41% (up from 27% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.041 (vs ฿0.066 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿156.3m (up 29% from 2Q 2020). Net income: ฿35.1m (down 30% from 2Q 2020). Profit margin: 22% (down from 41% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿12.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total returns to shareholders of 296% over the past three years.Valuation Update With 7 Day Price Move • May 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿17.60, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 589% over the past three years.Price Target Changed • May 14Price target increased to ฿12.94Up from ฿11.19, the current price target is an average from 2 analysts. New target price is 9.5% below last closing price of ฿14.30. Stock is up 167% over the past year.Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.091 (vs ฿0.049 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿176.4m (up 59% from 1Q 2020). Net income: ฿64.5m (up 74% from 1Q 2020). Profit margin: 37% (up from 33% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿15.70, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 484% over the past three years.Analyst Estimate Surprise Post Earnings • Mar 03Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the Commercial Services industry in Thailand.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.22 (vs ฿0.16 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿479.1m (up 62% from FY 2019). Net income: ฿155.4m (up 39% from FY 2019). Profit margin: 32% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses.お知らせ • Feb 26Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021, at 03:00 Coordinated Universal Time. Location: Venus meeting room, 3rd Floor, Miracle Grand Convention Hotel, 99 Kamphaeng Phet 6 Road, Talad Bangkhen, Laksi Bangkok Thailand Agenda: To consider For acknowledgement; to acknowledge the Company's operating results of the year 2020; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2020; to consider and approve the allocation of net profit as legal reserve and the dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 2 (CHAYO-W2) to existing shareholders on a pro rata basis to their respective shareholdings (Rights Offering); to consider and approve the amendment of Clause 4 of the memorandum of Association of the Company to be in line with the reduction of the Company's registered capital; and to consider other matter.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿9.50, the stock is trading at a trailing P/E ratio of 50.1x, down from the previous P/E ratio of 59.5x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 60%.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿11.40, the stock is trading at a trailing P/E ratio of 60.1x, up from the previous P/E ratio of 50.8x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 124%.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.35, the stock is trading at a trailing P/E ratio of 49.3x, up from the previous P/E ratio of 42.2x. This compares to an average P/E of 22x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 81%.Is New 90 Day High Low • Jan 15New 90-day high: ฿8.80The company is up 19% from its price of ฿7.40 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.59 per share.Is New 90 Day High Low • Dec 23New 90-day high: ฿8.75The company is up 19% from its price of ฿7.38 on 24 September 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.52 per share.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.048The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿120.6m (up 76% from 3Q 2019). Net income: ฿32.0m (up 3.4% from 3Q 2019). Profit margin: 27% (down from 45% in 3Q 2019). The decrease in margin was driven by higher expenses.Is New 90 Day High Low • Oct 07New 90-day high: ฿8.40The company is up 23% from its price of ฿6.81 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period.収支内訳Chayo Group 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:CHAYO 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 262,085-5212,110031 Dec 252,166-5432,166030 Sep 252,1932641,144030 Jun 252,134336960031 Mar 252,084318904031 Dec 242,027241960030 Sep 241,946300846030 Jun 241,797275787031 Mar 241,671290714031 Dec 231,527391527030 Sep 231,378357450030 Jun 231,255318402031 Mar 231,127283348031 Dec 22999251306030 Sep 22914214407030 Jun 22834249264031 Mar 22766227274031 Dec 21720219248030 Sep 2163320797030 Jun 21580168190031 Mar 21545183178031 Dec 20479155155030 Sep 20425139127030 Jun 20373138106031 Mar 2033112165031 Dec 1929511164030 Sep 1929111367030 Jun 1928910863031 Mar 192819862031 Dec 182568560030 Sep 182377750030 Jun 182216451031 Mar 182025645031 Dec 172065845030 Sep 172045947030 Jun 172036048031 Mar 172016645031 Dec 161977142031 Dec 151313190質の高い収益: CHAYOは現在利益が出ていません。利益率の向上: CHAYO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: CHAYOは利益が出ておらず、過去 5 年間で損失は年間19.7%の割合で増加しています。成長の加速: CHAYO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: CHAYOは利益が出ていないため、過去 1 年間の収益成長をCommercial Services業界 ( 31.2% ) と比較することは困難です。株主資本利益率高いROE: CHAYOは現在利益が出ていないため、自己資本利益率 ( -10.08% ) 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7D1Y7D1Y7D1YCommercial-services 、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2026/08/13 12:01終値2026/08/13 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Chayo Group Public Company Limited 1 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。5 アナリスト機関Jitra AmornthumFSS International AdvisoryChayaporn TocharoenKrungsri Securities Public Company LimitedAnuwat SrikajornratkulKrungsri Securities Public Company Limited2 その他のアナリストを表示
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. 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 46% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.086 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.024 (down from ฿0.086 in 3Q 2024). Revenue: ฿585.6m (up 11% from 3Q 2024). Net income: ฿28.3m (down 72% from 3Q 2024). Profit margin: 4.8% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.082 (vs ฿0.067 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.082 (up from ฿0.067 in 2Q 2024). Revenue: ฿529.2m (up 10% from 2Q 2024). Net income: ฿94.6m (up 23% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. 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 42% per year, which means it is significantly lagging earnings.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (up from ฿0.003 in 1Q 2024). Revenue: ฿548.6m (up 11% from 1Q 2024). Net income: ฿80.2m (up ฿77.0m from 1Q 2024). Profit margin: 15% (up from 0.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ฿0.21 (down from ฿0.34 in FY 2023). Revenue: ฿2.03b (up 33% from FY 2023). Net income: ฿241.2m (down 38% from FY 2023). Profit margin: 12% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
New Risk • Jul 03New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿1.35b market cap, or US$40.8m).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. 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 46% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
New Risk • Feb 27New 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 6.4% 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: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.40b market cap, or US$45.0m).
お知らせ • Feb 27Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.07 per share.
Major Estimate Revision • Nov 23Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.15b to ฿2.12b. EPS estimate also fell from ฿0.36 per share to ฿0.22 per share. Net income forecast to grow 23% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿2.75 to ฿2.23. Share price was steady at ฿1.34 over the past week.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.086 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.024 (down from ฿0.086 in 3Q 2024). Revenue: ฿585.6m (up 11% from 3Q 2024). Net income: ฿28.3m (down 72% from 3Q 2024). Profit margin: 4.8% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 17Price target decreased by 14% to ฿2.75Down from ฿3.21, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ฿1.92. Stock is down 27% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.21 last year.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.082 (vs ฿0.067 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.082 (up from ฿0.067 in 2Q 2024). Revenue: ฿529.2m (up 10% from 2Q 2024). Net income: ฿94.6m (up 23% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. 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 42% per year, which means it is significantly lagging earnings.
New Risk • Aug 15New 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 9.7% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Market cap is less than US$100m (฿1.71b market cap, or US$52.9m).
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿1.92, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 80% over the past three years.
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.45, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿0.74 per share.
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.91, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (up from ฿0.003 in 1Q 2024). Revenue: ฿548.6m (up 11% from 1Q 2024). Net income: ฿80.2m (up ฿77.0m from 1Q 2024). Profit margin: 15% (up from 0.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
お知らせ • Apr 24Chayo Group Public Company Limited Approves Cash Dividend for the Fiscal Year Ended 2024 , Payable on May 22, 2025Chayo Group Public Company Limited at its General Meeting of Shareholders, held on April 23, 2025, approved to distribute common stock dividend from the Company's operating results for the fiscal year ended 2024 from unallocated retained earnings as the newly issued ordinary shares of the Company to the existing shareholders of the Company at the rate of 40 existing shares per 1 ordinary share, with the total number of shares not exceeding 31,272,566 shares at a par value of THB 0.50, totaling not exceeding THB 15,636,283, representing stock dividend at the rate of 0.0125000 per share. Where the shareholder has share fraction derived from the allocation of stock dividend, the Company will pay such shareholder for the fraction in cash at the rate of THB 0.0125000 per share, and to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and within May 22, 2025, as the dividend payment date.
お知らせ • Mar 13Chayo Group Public Company Limited announces Annual dividend, payable on May 22, 2025Chayo Group Public Company Limited announced Annual dividend of THB 0.0014 per share payable on May 22, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.
お知らせ • Mar 12+ 1 more updateChayo Group Public Company Limited Proposes Cash Dividend for Fiscal Year Ended December 31, 2024, Payable on May 23, 2025Chayo Group Public Company Limited at its board meeting held on March 11, 2025, approved to propose cash dividend for fiscal year ended December 31, 2024. For the period, the company proposes to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and May 23, 2025, as the dividend payment date. However, the right to receive dividend is subject to the approval by the 2025 Annual General Meeting of Shareholders to be held on April 23, 2025.
Reported Earnings • Feb 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ฿0.21 (down from ฿0.34 in FY 2023). Revenue: ฿2.03b (up 33% from FY 2023). Net income: ฿241.2m (down 38% from FY 2023). Profit margin: 12% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
New Risk • Feb 27New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿2.62b market cap, or US$77.1m).
New Risk • Nov 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.41b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿3.41b market cap, or US$99.1m).
Major Estimate Revision • Nov 19Consensus EPS estimates fall by 18%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.74b to ฿1.83b. EPS estimate fell from ฿0.317 to ฿0.26 per share. Net income forecast to grow 39% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target of ฿3.97 unchanged from last update. Share price was steady at ฿3.14 over the past week.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ฿0.088 (vs ฿0.066 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.088 (up from ฿0.066 in 3Q 2023). Revenue: ฿526.4m (up 40% from 3Q 2023). Net income: ฿100.5m (up 33% from 3Q 2023). Profit margin: 19% (down from 20% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿4.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 62% over the past three years.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.22, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.38 per share.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.067 (vs ฿0.081 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.067 (down from ฿0.081 in 2Q 2023). Revenue: ฿479.2m (up 44% from 2Q 2023). Net income: ฿76.8m (down 16% from 2Q 2023). Profit margin: 16% (down from 28% in 2Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.
New Risk • Aug 05New 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿2.71b market cap, or US$76.8m).
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿2.74, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 77% over the past three years.
New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.46b (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿3.46b market cap, or US$96.1m).
New Risk • Jun 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 25% 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: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin).
Upcoming Dividend • May 23Upcoming dividend of ฿0.035 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 0.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (1.7%).
Major Estimate Revision • May 15Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.62b to ฿1.72b. EPS estimate fell from ฿0.36 to ฿0.315 per share. Net income forecast to shrink 10% next year vs 20% growth forecast for Commercial Services industry in Thailand . Consensus price target down from ฿6.75 to ฿5.85. Share price fell 6.0% to ฿4.04 over the past week.
お知らせ • May 11Chayo Group Public Company Limited Announces Cash Dividend, Payable on June 10, 2024Chayo Group Public Company Limited announced cash dividend of THB 0.035 per share, payable on June 10, 2024 with Record date for the right to receive dividends of June 4, 2024 and Ex-dividend date of May 31, 2024.
お知らせ • Apr 26Chayo Group Public Company Limited Approves the Omission of Dividend Payment for the Fiscal Year Ended December 31, 2023Chayo Group Public Company Limited at its 2024 Annual General Meeting of Shareholders, held on April 24, 2024, approved the omission of dividend payment for the fiscal year ended December 31, 2023.
New Risk • Apr 09New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
お知らせ • Mar 09+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024Chayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and adopt the Minutes of the Extraordinary General Meeting of Shareholders No. 1/2023; to acknowledge the Company's operating results of the year 2023; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2023; to consider and approve the allocation of net profit as legal reserve and approve the omission of dividend payment; and to consider other matters.
New Risk • Mar 05New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change).
Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.34 (up from ฿0.23 in FY 2022). Revenue: ฿1.53b (up 53% from FY 2022). Net income: ฿391.1m (up 56% from FY 2022). Profit margin: 26% (in line with FY 2022). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
New Risk • Dec 08New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (45% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).
Major Estimate Revision • Nov 17Consensus revenue estimates increase by 32%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿1.24b to ฿1.64b. EPS estimate increased from ฿0.265 to ฿0.34 per share. Net income forecast to grow 12% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿10.59 to ฿7.50. Share price was steady at ฿5.50 over the past week.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.066 (vs ฿0.032 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.066 (up from ฿0.032 in 3Q 2022). Revenue: ฿376.4m (up 48% from 3Q 2022). Net income: ฿75.6m (up 110% from 3Q 2022). Profit margin: 20% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 13Price target decreased by 27% to ฿7.50Down from ฿10.29, the current price target is provided by 1 analyst. New target price is 44% above last closing price of ฿5.20. Stock is down 28% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.23 last year.
お知らせ • Sep 28Chayo Group Public Company Limited Approves Interim Cash Dividend, Payable on October 27, 2023Chayo Group Public Company Limited at its EGM held on September 27, 2023 approved to distribute interim cash dividend at the rate of THB 0.00111112 per share, totaling in equivalent to approximately not exceeding THB 1,238,787 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of October 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within October 27, 2023, as the dividend payment date.
お知らせ • Aug 26Chayo Group Public Company Limited Announces Appointment of Kitti Tungsriwong as Acting Chief Financial OfficerChayo Group Public Company Limited announced appointment of Mr. Kitti Tungsriwong as Acting Chief Financial Officer. Effective Date of Appointment: 25 August 2023.
お知らせ • Aug 11+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023Chayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023, at 10:00 Singapore Standard Time. Agenda: To consider and adopt the Minutes of the 2023 Annual General Meeting of Shareholders; to consider and approve the interim dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 3; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the decrease of the Company's registered capital; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the increase of the Company's registered capital; and to transact other business.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.081 (vs ฿0.051 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.081 (up from ฿0.051 in 2Q 2022). Revenue: ฿412.2m (up 83% from 2Q 2022). Net income: ฿91.8m (up 62% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿7.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 12% over the past three years.
New Risk • Jun 27New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (48% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿6.45, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 29% over the past three years.
お知らせ • Dec 28Chayo Group Public Company Limited Approves Dividend, Payable on or Before 26 January 2022Chayo Group Public Company Limited at its EGM held on December 27, 2022 approved cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and the dividend payment date will be on or before 26 January 2022.
Price Target Changed • Nov 16Price target decreased to ฿15.27Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 87% above last closing price of ฿8.15. Stock is down 33% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.23 last year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Nov 11Chayo Group Public Company Limited Proposes Cash Dividend, Payable Within January 26, 2023The board of directors of Chayo Group Public Company Limited at its meeting held on November 10, 2022, proposed distribute cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within January 26, 2023, as the dividend payment date.
Major Estimate Revision • Aug 18Consensus revenue estimates fall by 14%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿1.25b to ฿1.07b. EPS estimate fell from ฿0.49 to ฿0.36 per share. Net income forecast to grow 63% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿18.30 to ฿16.47. Share price was steady at ฿10.70 over the past week.
Price Target Changed • Aug 16Price target decreased to ฿16.47Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 52% above last closing price of ฿10.80. Stock is down 0.6% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.23 last year.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.053 (vs ฿0.039 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.053 (up from ฿0.039 in 2Q 2021). Revenue: ฿225.1m (up 44% from 2Q 2021). Net income: ฿56.5m (up 61% from 2Q 2021). Profit margin: 25% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 49%, compared to a 15% growth forecast for the industry in Thailand. 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 44% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 16First quarter 2022 earnings: Revenues in line with analyst expectationsFirst quarter 2022 results: Revenue: ฿221.8m (up 26% from 1Q 2021). Net income: ฿72.5m (up 13% from 1Q 2021). Profit margin: 33% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 63%, compared to a 16% growth forecast for the industry in Thailand.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Apr 03Price target increased to ฿19.43Up from ฿17.59, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿12.70. Stock is up 17% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.24 last year.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: ฿720.4m (up 50% from FY 2020). Net income: ฿219.0m (up 41% from FY 2020). Profit margin: 30% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 19%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿705.0m to ฿688.7m. EPS estimate also fell from ฿0.27 per share to ฿0.24 per share. Net income forecast to grow 49% next year vs 19% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿16.48 to ฿15.95. Share price fell 2.3% to ฿12.60 over the past week.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.074 (vs ฿0.045 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿174.0m (up 44% from 3Q 2020). Net income: ฿70.9m (up 121% from 3Q 2020). Profit margin: 41% (up from 27% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.041 (vs ฿0.066 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿156.3m (up 29% from 2Q 2020). Net income: ฿35.1m (down 30% from 2Q 2020). Profit margin: 22% (down from 41% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿12.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total returns to shareholders of 296% over the past three years.
Valuation Update With 7 Day Price Move • May 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿17.60, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 589% over the past three years.
Price Target Changed • May 14Price target increased to ฿12.94Up from ฿11.19, the current price target is an average from 2 analysts. New target price is 9.5% below last closing price of ฿14.30. Stock is up 167% over the past year.
Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.091 (vs ฿0.049 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿176.4m (up 59% from 1Q 2020). Net income: ฿64.5m (up 74% from 1Q 2020). Profit margin: 37% (up from 33% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿15.70, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 484% over the past three years.
Analyst Estimate Surprise Post Earnings • Mar 03Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the Commercial Services industry in Thailand.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.22 (vs ฿0.16 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿479.1m (up 62% from FY 2019). Net income: ฿155.4m (up 39% from FY 2019). Profit margin: 32% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses.
お知らせ • Feb 26Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021, at 03:00 Coordinated Universal Time. Location: Venus meeting room, 3rd Floor, Miracle Grand Convention Hotel, 99 Kamphaeng Phet 6 Road, Talad Bangkhen, Laksi Bangkok Thailand Agenda: To consider For acknowledgement; to acknowledge the Company's operating results of the year 2020; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2020; to consider and approve the allocation of net profit as legal reserve and the dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 2 (CHAYO-W2) to existing shareholders on a pro rata basis to their respective shareholdings (Rights Offering); to consider and approve the amendment of Clause 4 of the memorandum of Association of the Company to be in line with the reduction of the Company's registered capital; and to consider other matter.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿9.50, the stock is trading at a trailing P/E ratio of 50.1x, down from the previous P/E ratio of 59.5x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 60%.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿11.40, the stock is trading at a trailing P/E ratio of 60.1x, up from the previous P/E ratio of 50.8x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 124%.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.35, the stock is trading at a trailing P/E ratio of 49.3x, up from the previous P/E ratio of 42.2x. This compares to an average P/E of 22x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 81%.
Is New 90 Day High Low • Jan 15New 90-day high: ฿8.80The company is up 19% from its price of ฿7.40 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.59 per share.
Is New 90 Day High Low • Dec 23New 90-day high: ฿8.75The company is up 19% from its price of ฿7.38 on 24 September 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.52 per share.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.048The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿120.6m (up 76% from 3Q 2019). Net income: ฿32.0m (up 3.4% from 3Q 2019). Profit margin: 27% (down from 45% in 3Q 2019). The decrease in margin was driven by higher expenses.
Is New 90 Day High Low • Oct 07New 90-day high: ฿8.40The company is up 23% from its price of ฿6.81 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period.