View Future GrowthStonehenge Inter 過去の業績過去 基準チェック /46Stonehenge Interの収益は年間平均-27.9%の割合で減少していますが、 Professional Services業界の収益は年間 増加しています。収益は年間6.1% 6%割合で 減少しています。 Stonehenge Interの自己資本利益率は5.4%であり、純利益率は3.6%です。主要情報-27.86%収益成長率-27.86%EPS成長率Professional Services 業界の成長12.46%収益成長率-6.01%株主資本利益率5.38%ネット・マージン3.60%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 15Second quarter 2026 earnings released: EPS: ฿0.022 (vs ฿0.007 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.022 (up from ฿0.007 in 2Q 2025). Revenue: ฿343.2m (up 6.9% from 2Q 2025). Net income: ฿13.5m (up 224% from 2Q 2025). Profit margin: 3.9% (up from 1.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 14First quarter 2026 earnings released: EPS: ฿0.01 (vs ฿0.011 in 1Q 2025)First quarter 2026 results: EPS: ฿0.01. Revenue: ฿329.3m (down 2.4% from 1Q 2025). Net income: ฿6.69m (up 1.4% from 1Q 2025). Profit margin: 2.0% (in line with 1Q 2025).Reported Earnings • Nov 21Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.092 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.092 in FY 2024). Revenue: ฿1.37b (down 9.5% from FY 2024). Net income: ฿40.4m (down 27% from FY 2024). Profit margin: 3.0% (down from 3.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 14Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.021 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.021 in 3Q 2024). Revenue: ฿346.3m (down 5.0% from 3Q 2024). Net income: ฿8.98m (down 29% from 3Q 2024). Profit margin: 2.6% (down from 3.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Reported Earnings • May 15Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.02 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿320.9m (down 11% from 2Q 2024). Net income: ฿4.17m (down 66% from 2Q 2024). Profit margin: 1.3% (down from 3.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.019 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01 (down from ฿0.019 in 1Q 2024). Revenue: ฿337.5m (down 15% from 1Q 2024). Net income: ฿6.60m (down 43% from 1Q 2024). Profit margin: 2.0% (down from 2.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesReported Earnings • May 15Second quarter 2026 earnings released: EPS: ฿0.022 (vs ฿0.007 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.022 (up from ฿0.007 in 2Q 2025). Revenue: ฿343.2m (up 6.9% from 2Q 2025). Net income: ฿13.5m (up 224% from 2Q 2025). Profit margin: 3.9% (up from 1.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 14First quarter 2026 earnings released: EPS: ฿0.01 (vs ฿0.011 in 1Q 2025)First quarter 2026 results: EPS: ฿0.01. Revenue: ฿329.3m (down 2.4% from 1Q 2025). Net income: ฿6.69m (up 1.4% from 1Q 2025). Profit margin: 2.0% (in line with 1Q 2025).Upcoming Dividend • Jan 27Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 03 February 2026. Payment date: 26 February 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (7.8%). Lower than average of industry peers (6.3%).Declared Dividend • Nov 22Dividend reduced to ฿0.026Dividend of ฿0.026 is 57% lower than last year. Ex-date: 3rd February 2026 Payment date: 26th February 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.9% to bring the payout ratio under control. However, EPS has declined by 21% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Nov 21Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.092 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.092 in FY 2024). Revenue: ฿1.37b (down 9.5% from FY 2024). Net income: ฿40.4m (down 27% from FY 2024). Profit margin: 3.0% (down from 3.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.お知らせ • Nov 21+ 1 more updateStonehenge Inter Public Company Limited Proposes Dividend for the Operating Period from October 1, 2024 to September 30, 2025, Payable on February 26, 2026Stonehenge Inter Public Company Limited proposed the dividend payment in cash derived at the rate of THB 0.026 per share, through the Record Date on February 4, 2026 and the date for payment of dividends within February 26, 2026. Ex-dividend date February 3, 2026. Paid from Operating period from October 1, 2024 to September 30, 2025 . Shareholder's meeting date: January 27, 2026.Reported Earnings • Aug 14Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.021 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.021 in 3Q 2024). Revenue: ฿346.3m (down 5.0% from 3Q 2024). Net income: ฿8.98m (down 29% from 3Q 2024). Profit margin: 2.6% (down from 3.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.New Risk • May 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 4.8% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (฿1.45b market cap, or US$44.5m).Reported Earnings • May 15Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.02 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿320.9m (down 11% from 2Q 2024). Net income: ฿4.17m (down 66% from 2Q 2024). Profit margin: 1.3% (down from 3.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.New Risk • Feb 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.8% 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 Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (฿1.71b market cap, or US$50.7m).Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.019 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01 (down from ฿0.019 in 1Q 2024). Revenue: ฿337.5m (down 15% from 1Q 2024). Net income: ฿6.60m (down 43% from 1Q 2024). Profit margin: 2.0% (down from 2.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jan 28Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 04 February 2025. Payment date: 25 February 2025. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (7.3%). Lower than average of industry peers (4.0%).Reported Earnings • Nov 27Full year 2024 earnings released: EPS: ฿0.09 (vs ฿0.19 in FY 2023)Full year 2024 results: EPS: ฿0.09 (down from ฿0.19 in FY 2023). Revenue: ฿1.51b (down 10% from FY 2023). Net income: ฿55.5m (down 51% from FY 2023). Profit margin: 3.7% (down from 6.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Declared Dividend • Nov 25Dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 4th February 2025 Payment date: 25th February 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 20% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years.お知らせ • Nov 23Stonehenge Inter Public Company Limited, Annual General Meeting, Jan 27, 2025Stonehenge Inter Public Company Limited, Annual General Meeting, Jan 27, 2025, at 14:00 SE Asia Standard Time.Reported Earnings • Aug 15Third quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.05 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 3Q 2023). Revenue: ฿364.4m (down 6.8% from 3Q 2023). Net income: ฿12.7m (down 54% from 3Q 2023). Profit margin: 3.5% (down from 7.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 16Second quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.02 (down from ฿0.06 in 2Q 2023). Revenue: ฿359.7m (down 20% from 2Q 2023). Net income: ฿12.2m (down 63% from 2Q 2023). Profit margin: 3.4% (down from 7.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 13First quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.08 in 1Q 2023)First quarter 2024 results: EPS: ฿0.02 (down from ฿0.08 in 1Q 2023). Revenue: ฿398.4m (down 20% from 1Q 2023). Net income: ฿11.6m (down 76% from 1Q 2023). Profit margin: 2.9% (down from 9.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Upcoming Dividend • Jan 26Upcoming dividend of ฿0.10 per share at 3.5% yieldEligible shareholders must have bought the stock before 02 February 2024. Payment date: 23 February 2024. Payout ratio is a comfortable 71% and the cash payout ratio is 96%. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (3.0%).Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.058 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.04 (down from ฿0.058 in 3Q 2022). Revenue: ฿419.4m (up 2.3% from 3Q 2022). Net income: ฿23.9m (down 32% from 3Q 2022). Profit margin: 5.7% (down from 8.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Nov 29+ 1 more updateStonehenge Inter Public Company Limited Proposes Dividend for the Period from January 1, 2023 to September 30, 2023, Payable Within February 23, 2024Stonehenge Inter Public Company Limited at the AGM to be held on January 24, 2024, to consider and approve the dividend payment in cash derived from the net profit for the period as from January 1, 2023 to September 30, 2023 at the rate of THB 0.10 per share, totaling THB 60,299,708 equivalent 74% of the net profit as per the Company's consolidated financial statements or equivalent to 74% of the net profit (Separate financial statements) after deducting any legal reserve which is in accordance with the Company's dividend payment policy. It is further approved by the Board of Directors' Meeting to propose to determine the date for determining the names of shareholders who are entitled to receive the dividends (Record Date) on February 5, 2024 and the date for payment of dividends within February 23, 2024. However, the right to receive dividend is still uncertain because it is subject to the approval of the AGM 2024.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.053 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.05 (down from ฿0.053 in 2Q 2022). Revenue: ฿390.9m (down 7.1% from 2Q 2022). Net income: ฿27.7m (down 13% from 2Q 2022). Profit margin: 7.1% (down from 7.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year.Upcoming Dividend • May 03Upcoming dividend of ฿0.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.3%). In line with average of industry peers (3.3%).Price Target Changed • Feb 27Price target increased by 21% to ฿7.00Up from ฿5.80, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿6.05. Stock is up 38% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿6.70, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Professional Services industry in Asia. Total returns to shareholders of 269% over the past three years.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿5.85, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Professional Services industry in Asia. Total returns to shareholders of 214% over the past three years.Price Target Changed • Nov 23Price target increased to ฿5.80Up from ฿4.49, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ฿4.80. Stock is up 34% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.053 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.06 (up from ฿0.053 in 3Q 2021). Revenue: ฿409.9m (down 5.8% from 3Q 2021). Net income: ฿35.1m (up 8.7% from 3Q 2021). Profit margin: 8.6% (up from 7.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Suparanan Tanviruch was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 17Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿420.7m (up 1.9% from 2Q 2021). Net income: ฿31.8m (up 3.3% from 2Q 2021). Profit margin: 7.6% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 17% growth forecast for the Professional Services industry in Thailand.Reported Earnings • May 16First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.05 (down from ฿0.067 in 1Q 2021). Revenue: ฿416.4m (down 9.0% from 1Q 2021). Net income: ฿30.1m (down 25% from 1Q 2021). Profit margin: 7.2% (down from 8.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 16%, compared to a 15% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • May 03Upcoming dividend of ฿0.069 per shareEligible shareholders must have bought the stock before 10 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (1.1%).Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Suparanan Tanviruch was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 02Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.54 (down from ฿0.56 in FY 2020). Revenue: ฿1.74b (up 11% from FY 2020). Net income: ฿144.4m (down 3.2% from FY 2020). Profit margin: 8.3% (down from 9.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.17 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿435.2m (down 11% from 3Q 2020). Net income: ฿32.3m (down 28% from 3Q 2020). Profit margin: 7.4% (down from 9.1% in 3Q 2020). The decrease in margin was driven by lower revenue.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.15 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: ฿412.9m (up 2.4% from 2Q 2020). Net income: ฿30.8m (down 22% from 2Q 2020). Profit margin: 7.5% (down from 9.8% in 2Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.10 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ฿457.5m (up 96% from 1Q 2020). Net income: ฿40.2m (up 47% from 1Q 2020). Profit margin: 8.8% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses.Executive Departure • May 14Chief Accountant has left the companyOn the 1st of May, Wanida Chusree's tenure in the role of Chief Accountant ended. We don't have any record of a personal shareholding under Wanida's name. Wanida is the only executive to leave the company over the last 12 months.Upcoming Dividend • May 04Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 28 May 2021. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (0.9%).Is New 90 Day High Low • Mar 01New 90-day high: ฿8.15The company is up 19% from its price of ฿6.85 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 7.0% over the same period.Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.56 (vs ฿0.32 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: ฿1.58b (up 118% from FY 2019). Net income: ฿149.2m (up 75% from FY 2019). Profit margin: 9.5% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Feb 25Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 19%, compared to a 11% growth forecast for the Professional Services industry in Thailand.Is New 90 Day High Low • Feb 05New 90-day high: ฿8.10The company is up 20% from its price of ฿6.75 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 5.0% over the same period.Is New 90 Day High Low • Jan 21New 90-day high: ฿7.45The company is up 12% from its price of ฿6.65 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 3.0% over the same period.Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS ฿0.17The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿490.4m (up 158% from 3Q 2019). Net income: ฿44.7m (up 93% from 3Q 2019). Profit margin: 9.1% (down from 12% in 3Q 2019). The decrease in margin was driven by higher expenses.Is New 90 Day High Low • Oct 15New 90-day low: ฿6.80The company is down 9.0% from its price of ฿7.45 on 17 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 17% over the same period.収支内訳Stonehenge Inter 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:STI 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 261,38150290031 Dec 251,35840297030 Sep 251,36640303030 Jun 251,39239307031 Mar 251,41042308031 Dec 241,44950303030 Sep 241,51056310030 Jun 241,54260311031 Mar 241,56876311031 Dec 231,65896320030 Sep 231,756133318030 Jun 231,746145317031 Mar 231,776149319031 Dec 221,743146319030 Sep 221,683138309030 Jun 221,708135304031 Mar 221,701134302031 Dec 211,742144294030 Sep 211,754141306030 Jun 211,809154314031 Mar 211,799162306031 Dec 201,575149271030 Sep 201,325133226030 Jun 201,024112183031 Mar 2080095152031 Dec 1972286148030 Sep 19714106139030 Jun 19691102130031 Mar 1967089124031 Dec 1863573116030 Sep 1859557101030 Jun 1855957101031 Mar 185165892031 Dec 174985791030 Sep 1751167113030 Jun 1749962107031 Mar 1748356108031 Dec 1647658107031 Dec 1546637990質の高い収益: STIは 高品質の収益 を持っています。利益率の向上: STIの現在の純利益率 (3.6%)は、昨年(3%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: STIの収益は過去 5 年間で年間27.9%減少しました。成長の加速: STIの過去 1 年間の収益成長率 ( 17.4% ) は、5 年間の平均 ( 年間-27.9%を上回っています。収益対業界: STIの過去 1 年間の収益成長率 ( 17.4% ) はProfessional Services業界6.2%を上回りました。株主資本利益率高いROE: STIの 自己資本利益率 ( 5.4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘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2026/06/26 11:31終値2026/06/26 00:00収益2026/03/31年間収益2025/09/30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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Stonehenge Inter Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Natapon KhamthakrueYuanta Securities (Thailand) Company Limited
Reported Earnings • May 15Second quarter 2026 earnings released: EPS: ฿0.022 (vs ฿0.007 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.022 (up from ฿0.007 in 2Q 2025). Revenue: ฿343.2m (up 6.9% from 2Q 2025). Net income: ฿13.5m (up 224% from 2Q 2025). Profit margin: 3.9% (up from 1.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 14First quarter 2026 earnings released: EPS: ฿0.01 (vs ฿0.011 in 1Q 2025)First quarter 2026 results: EPS: ฿0.01. Revenue: ฿329.3m (down 2.4% from 1Q 2025). Net income: ฿6.69m (up 1.4% from 1Q 2025). Profit margin: 2.0% (in line with 1Q 2025).
Reported Earnings • Nov 21Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.092 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.092 in FY 2024). Revenue: ฿1.37b (down 9.5% from FY 2024). Net income: ฿40.4m (down 27% from FY 2024). Profit margin: 3.0% (down from 3.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 14Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.021 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.021 in 3Q 2024). Revenue: ฿346.3m (down 5.0% from 3Q 2024). Net income: ฿8.98m (down 29% from 3Q 2024). Profit margin: 2.6% (down from 3.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 15Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.02 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿320.9m (down 11% from 2Q 2024). Net income: ฿4.17m (down 66% from 2Q 2024). Profit margin: 1.3% (down from 3.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.019 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01 (down from ฿0.019 in 1Q 2024). Revenue: ฿337.5m (down 15% from 1Q 2024). Net income: ฿6.60m (down 43% from 1Q 2024). Profit margin: 2.0% (down from 2.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 15Second quarter 2026 earnings released: EPS: ฿0.022 (vs ฿0.007 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.022 (up from ฿0.007 in 2Q 2025). Revenue: ฿343.2m (up 6.9% from 2Q 2025). Net income: ฿13.5m (up 224% from 2Q 2025). Profit margin: 3.9% (up from 1.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 14First quarter 2026 earnings released: EPS: ฿0.01 (vs ฿0.011 in 1Q 2025)First quarter 2026 results: EPS: ฿0.01. Revenue: ฿329.3m (down 2.4% from 1Q 2025). Net income: ฿6.69m (up 1.4% from 1Q 2025). Profit margin: 2.0% (in line with 1Q 2025).
Upcoming Dividend • Jan 27Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 03 February 2026. Payment date: 26 February 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (7.8%). Lower than average of industry peers (6.3%).
Declared Dividend • Nov 22Dividend reduced to ฿0.026Dividend of ฿0.026 is 57% lower than last year. Ex-date: 3rd February 2026 Payment date: 26th February 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.9% to bring the payout ratio under control. However, EPS has declined by 21% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Nov 21Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.092 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.092 in FY 2024). Revenue: ฿1.37b (down 9.5% from FY 2024). Net income: ฿40.4m (down 27% from FY 2024). Profit margin: 3.0% (down from 3.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 21+ 1 more updateStonehenge Inter Public Company Limited Proposes Dividend for the Operating Period from October 1, 2024 to September 30, 2025, Payable on February 26, 2026Stonehenge Inter Public Company Limited proposed the dividend payment in cash derived at the rate of THB 0.026 per share, through the Record Date on February 4, 2026 and the date for payment of dividends within February 26, 2026. Ex-dividend date February 3, 2026. Paid from Operating period from October 1, 2024 to September 30, 2025 . Shareholder's meeting date: January 27, 2026.
Reported Earnings • Aug 14Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.021 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.021 in 3Q 2024). Revenue: ฿346.3m (down 5.0% from 3Q 2024). Net income: ฿8.98m (down 29% from 3Q 2024). Profit margin: 2.6% (down from 3.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
New Risk • May 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 4.8% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (฿1.45b market cap, or US$44.5m).
Reported Earnings • May 15Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.02 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿320.9m (down 11% from 2Q 2024). Net income: ฿4.17m (down 66% from 2Q 2024). Profit margin: 1.3% (down from 3.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
New Risk • Feb 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.8% 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 Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (฿1.71b market cap, or US$50.7m).
Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.019 in 1Q 2024)First quarter 2025 results: EPS: ฿0.01 (down from ฿0.019 in 1Q 2024). Revenue: ฿337.5m (down 15% from 1Q 2024). Net income: ฿6.60m (down 43% from 1Q 2024). Profit margin: 2.0% (down from 2.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jan 28Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 04 February 2025. Payment date: 25 February 2025. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (7.3%). Lower than average of industry peers (4.0%).
Reported Earnings • Nov 27Full year 2024 earnings released: EPS: ฿0.09 (vs ฿0.19 in FY 2023)Full year 2024 results: EPS: ฿0.09 (down from ฿0.19 in FY 2023). Revenue: ฿1.51b (down 10% from FY 2023). Net income: ฿55.5m (down 51% from FY 2023). Profit margin: 3.7% (down from 6.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Declared Dividend • Nov 25Dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 4th February 2025 Payment date: 25th February 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 20% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years.
お知らせ • Nov 23Stonehenge Inter Public Company Limited, Annual General Meeting, Jan 27, 2025Stonehenge Inter Public Company Limited, Annual General Meeting, Jan 27, 2025, at 14:00 SE Asia Standard Time.
Reported Earnings • Aug 15Third quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.05 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 3Q 2023). Revenue: ฿364.4m (down 6.8% from 3Q 2023). Net income: ฿12.7m (down 54% from 3Q 2023). Profit margin: 3.5% (down from 7.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 16Second quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.02 (down from ฿0.06 in 2Q 2023). Revenue: ฿359.7m (down 20% from 2Q 2023). Net income: ฿12.2m (down 63% from 2Q 2023). Profit margin: 3.4% (down from 7.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 13First quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.08 in 1Q 2023)First quarter 2024 results: EPS: ฿0.02 (down from ฿0.08 in 1Q 2023). Revenue: ฿398.4m (down 20% from 1Q 2023). Net income: ฿11.6m (down 76% from 1Q 2023). Profit margin: 2.9% (down from 9.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Upcoming Dividend • Jan 26Upcoming dividend of ฿0.10 per share at 3.5% yieldEligible shareholders must have bought the stock before 02 February 2024. Payment date: 23 February 2024. Payout ratio is a comfortable 71% and the cash payout ratio is 96%. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (3.0%).
Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.058 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.04 (down from ฿0.058 in 3Q 2022). Revenue: ฿419.4m (up 2.3% from 3Q 2022). Net income: ฿23.9m (down 32% from 3Q 2022). Profit margin: 5.7% (down from 8.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Nov 29+ 1 more updateStonehenge Inter Public Company Limited Proposes Dividend for the Period from January 1, 2023 to September 30, 2023, Payable Within February 23, 2024Stonehenge Inter Public Company Limited at the AGM to be held on January 24, 2024, to consider and approve the dividend payment in cash derived from the net profit for the period as from January 1, 2023 to September 30, 2023 at the rate of THB 0.10 per share, totaling THB 60,299,708 equivalent 74% of the net profit as per the Company's consolidated financial statements or equivalent to 74% of the net profit (Separate financial statements) after deducting any legal reserve which is in accordance with the Company's dividend payment policy. It is further approved by the Board of Directors' Meeting to propose to determine the date for determining the names of shareholders who are entitled to receive the dividends (Record Date) on February 5, 2024 and the date for payment of dividends within February 23, 2024. However, the right to receive dividend is still uncertain because it is subject to the approval of the AGM 2024.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.053 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.05 (down from ฿0.053 in 2Q 2022). Revenue: ฿390.9m (down 7.1% from 2Q 2022). Net income: ฿27.7m (down 13% from 2Q 2022). Profit margin: 7.1% (down from 7.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year.
Upcoming Dividend • May 03Upcoming dividend of ฿0.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.3%). In line with average of industry peers (3.3%).
Price Target Changed • Feb 27Price target increased by 21% to ฿7.00Up from ฿5.80, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿6.05. Stock is up 38% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿6.70, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Professional Services industry in Asia. Total returns to shareholders of 269% over the past three years.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿5.85, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Professional Services industry in Asia. Total returns to shareholders of 214% over the past three years.
Price Target Changed • Nov 23Price target increased to ฿5.80Up from ฿4.49, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ฿4.80. Stock is up 34% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.053 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.06 (up from ฿0.053 in 3Q 2021). Revenue: ฿409.9m (down 5.8% from 3Q 2021). Net income: ฿35.1m (up 8.7% from 3Q 2021). Profit margin: 8.6% (up from 7.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Suparanan Tanviruch was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 17Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿420.7m (up 1.9% from 2Q 2021). Net income: ฿31.8m (up 3.3% from 2Q 2021). Profit margin: 7.6% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 17% growth forecast for the Professional Services industry in Thailand.
Reported Earnings • May 16First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.05 (down from ฿0.067 in 1Q 2021). Revenue: ฿416.4m (down 9.0% from 1Q 2021). Net income: ฿30.1m (down 25% from 1Q 2021). Profit margin: 7.2% (down from 8.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 16%, compared to a 15% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • May 03Upcoming dividend of ฿0.069 per shareEligible shareholders must have bought the stock before 10 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (1.1%).
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Suparanan Tanviruch was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 02Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.54 (down from ฿0.56 in FY 2020). Revenue: ฿1.74b (up 11% from FY 2020). Net income: ฿144.4m (down 3.2% from FY 2020). Profit margin: 8.3% (down from 9.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.17 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿435.2m (down 11% from 3Q 2020). Net income: ฿32.3m (down 28% from 3Q 2020). Profit margin: 7.4% (down from 9.1% in 3Q 2020). The decrease in margin was driven by lower revenue.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.15 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: ฿412.9m (up 2.4% from 2Q 2020). Net income: ฿30.8m (down 22% from 2Q 2020). Profit margin: 7.5% (down from 9.8% in 2Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.10 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ฿457.5m (up 96% from 1Q 2020). Net income: ฿40.2m (up 47% from 1Q 2020). Profit margin: 8.8% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses.
Executive Departure • May 14Chief Accountant has left the companyOn the 1st of May, Wanida Chusree's tenure in the role of Chief Accountant ended. We don't have any record of a personal shareholding under Wanida's name. Wanida is the only executive to leave the company over the last 12 months.
Upcoming Dividend • May 04Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 28 May 2021. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (0.9%).
Is New 90 Day High Low • Mar 01New 90-day high: ฿8.15The company is up 19% from its price of ฿6.85 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 7.0% over the same period.
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.56 (vs ฿0.32 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: ฿1.58b (up 118% from FY 2019). Net income: ฿149.2m (up 75% from FY 2019). Profit margin: 9.5% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Feb 25Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 19%, compared to a 11% growth forecast for the Professional Services industry in Thailand.
Is New 90 Day High Low • Feb 05New 90-day high: ฿8.10The company is up 20% from its price of ฿6.75 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Jan 21New 90-day high: ฿7.45The company is up 12% from its price of ฿6.65 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 3.0% over the same period.
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS ฿0.17The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿490.4m (up 158% from 3Q 2019). Net income: ฿44.7m (up 93% from 3Q 2019). Profit margin: 9.1% (down from 12% in 3Q 2019). The decrease in margin was driven by higher expenses.
Is New 90 Day High Low • Oct 15New 90-day low: ฿6.80The company is down 9.0% from its price of ฿7.45 on 17 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 17% over the same period.