View Future GrowthPeople's Garment 過去の業績過去 基準チェック /26People's Garmentの収益は年間平均-31.9%の割合で減少していますが、 Luxury業界の収益は年間 減少しています。収益は年間2.8% 1.6%割合で 増加しています。 People's Garmentの自己資本利益率は0.2%であり、純利益率は0.5%です。主要情報-31.87%収益成長率-31.82%EPS成長率Luxury 業界の成長3.11%収益成長率1.62%株主資本利益率0.23%ネット・マージン0.52%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.06 loss per share (vs ฿0.02 profit in FY 2024)Full year 2025 results: ฿0.06 loss per share (down from ฿0.02 profit in FY 2024). Revenue: ฿667.3m (down 15% from FY 2024). Net loss: ฿5.56m (down 384% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.21 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (down from ฿0.21 in 3Q 2024). Revenue: ฿153.1m (down 25% from 3Q 2024). Net income: ฿6.34m (down 68% from 3Q 2024). Profit margin: 4.1% (down from 9.6% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿17.00 loss per share (vs ฿0.13 loss in 2Q 2024)Second quarter 2025 results: ฿17.00 loss per share (further deteriorated from ฿0.13 loss in 2Q 2024). Revenue: ฿143.6m (down 22% from 2Q 2024). Net loss: ฿16.6m (loss widened 31% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.Reported Earnings • May 12First quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.037 profit in 1Q 2024)First quarter 2025 results: ฿0.03 loss per share (down from ฿0.037 profit in 1Q 2024). Revenue: ฿181.7m (flat on 1Q 2024). Net loss: ฿2.63m (down 174% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.02 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.02 (down from ฿0.27 in FY 2023). Revenue: ฿838.0m (up 17% from FY 2023). Net income: ฿1.96m (down 93% from FY 2023). Profit margin: 0.2% (down from 3.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.046 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.21 (up from ฿0.046 in 3Q 2023). Revenue: ฿231.2m (up 43% from 3Q 2023). Net income: ฿19.8m (up 349% from 3Q 2023). Profit margin: 8.6% (up from 2.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesNew Risk • May 11New 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 7.8% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 423% Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (฿854.4m market cap, or US$26.4m).Upcoming Dividend • May 05Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 12 May 2026. Payment date: 27 May 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (7.5%). In line with average of industry peers (7.4%).New Risk • Mar 01New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿614.4m market cap, or US$19.8m).Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.06 loss per share (vs ฿0.02 profit in FY 2024)Full year 2025 results: ฿0.06 loss per share (down from ฿0.02 profit in FY 2024). Revenue: ฿667.3m (down 15% from FY 2024). Net loss: ฿5.56m (down 384% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Declared Dividend • Feb 28Dividend increased to ฿0.50Dividend of ฿0.50 is 150% higher than last year. Ex-date: 12th May 2026 Payment date: 27th May 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.お知らせ • Feb 26+ 2 more updatesPeople's Garment Public Company Limited Proposes Cash Dividend Payment for the Year 2025, Payable of 27 May 2026People's Garment Public Company Limited at the AGM to be held on 28 April 2026, proposed cash dividend payment for the year 2025 of THB 0.50 per share on Par value of THB 1.00 per share. The dividend will be payable of 27 May 2026 and Record date for the right to receive dividends of 13 May 2026 and Ex-dividend date of 12 May 2026.New Risk • Feb 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿604.8m market cap, or US$19.4m).Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.21 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (down from ฿0.21 in 3Q 2024). Revenue: ฿153.1m (down 25% from 3Q 2024). Net income: ฿6.34m (down 68% from 3Q 2024). Profit margin: 4.1% (down from 9.6% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿17.00 loss per share (vs ฿0.13 loss in 2Q 2024)Second quarter 2025 results: ฿17.00 loss per share (further deteriorated from ฿0.13 loss in 2Q 2024). Revenue: ฿143.6m (down 22% from 2Q 2024). Net loss: ฿16.6m (loss widened 31% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.Reported Earnings • May 12First quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.037 profit in 1Q 2024)First quarter 2025 results: ฿0.03 loss per share (down from ฿0.037 profit in 1Q 2024). Revenue: ฿181.7m (flat on 1Q 2024). Net loss: ฿2.63m (down 174% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.Upcoming Dividend • May 06Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 13 May 2025. Payment date: 28 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (5.4%).お知らせ • Apr 30People's Garment Public Company Limited Approves Dividend Payment for Year 2024, Payable on May 28, 2025People's Garment Public Company Limited in its annual general meeting held on April 29, 2025 approved the dividend payment for year 2024 at rate of THB 0.20 per share, amounted THB 19,200,000, whereby said dividend payments are drawn from retained earnings after tax deducted at rate 20 percentage. The payment will be paid to shareholders who named on May 14, 2025 (Record Date). The dividend will be paid on May 28, 2025.お知らせ • Mar 06People's Garment Public Company Limited Appoints Sunan Niyomnaitham as Acting Chief Executive Officer, Effective April 01, 2025People's Garment Public Company Limited announced the appointment of Mrs. Sunan Niyomnaitham as Acting Chief Executive Officer. The effective date is April 01, 2025.お知らせ • Mar 04+ 1 more updatePeople's Garment Public Company Limited Announces Resignation of Viritpol Chaithavornsathien as Chief Executive Officer, Effective April 1, 2025People's Garment Public Company Limited announced that Mr. Viritpol Chaithavornsathien, has issued the letter dated February 28, 2025, requesting to resign from the position as Chief Executive Officer (CEO), due to personal business. The resignation is effective from April 1, 2025 onwards.Declared Dividend • Feb 25Dividend of ฿0.20 announcedDividend of ฿0.20 is the same as last year. Ex-date: 13th May 2025 Payment date: 28th May 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 10x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1,011% to bring the payout ratio under control. However, EPS has declined by 7.4% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.02 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.02 (down from ฿0.27 in FY 2023). Revenue: ฿838.0m (up 17% from FY 2023). Net income: ฿1.96m (down 93% from FY 2023). Profit margin: 0.2% (down from 3.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Feb 22People's Garment Public Company Limited announces Annual dividend, payable on May 28, 2025People's Garment Public Company Limited announced Annual dividend of THB 0.2000 per share payable on May 28, 2025, ex-date on May 13, 2025 and record date on May 14, 2025.お知らせ • Feb 21People's Garment Public Company Limited, Annual General Meeting, Apr 29, 2025People's Garment Public Company Limited, Annual General Meeting, Apr 29, 2025, at 13:00 SE Asia Standard Time. Location: mahanatee room kingbridge tower, ThailandReported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.046 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.21 (up from ฿0.046 in 3Q 2023). Revenue: ฿231.2m (up 43% from 3Q 2023). Net income: ฿19.8m (up 349% from 3Q 2023). Profit margin: 8.6% (up from 2.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.13 loss per share (vs ฿0.094 profit in 2Q 2023)Second quarter 2024 results: ฿0.13 loss per share (down from ฿0.094 profit in 2Q 2023). Revenue: ฿204.5m (up 32% from 2Q 2023). Net loss: ฿12.7m (down 240% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.18 in 1Q 2023)First quarter 2024 results: EPS: ฿0.04 (down from ฿0.18 in 1Q 2023). Revenue: ฿200.3m (up 1.6% from 1Q 2023). Net income: ฿3.56m (down 79% from 1Q 2023). Profit margin: 1.8% (down from 8.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 02Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 09 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (3.8%).Declared Dividend • Feb 25Dividend of ฿0.20 announcedDividend of ฿0.20 is the same as last year. Ex-date: 9th May 2024 Payment date: 21st May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Feb 24Full year 2023 earnings released: EPS: ฿0.27 (vs ฿0.45 in FY 2022)Full year 2023 results: EPS: ฿0.27 (down from ฿0.45 in FY 2022). Revenue: ฿768.2m (up 10.0% from FY 2022). Net income: ฿26.0m (down 40% from FY 2022). Profit margin: 3.4% (down from 6.2% in FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 24People's Garment Public Company Limited, Annual General Meeting, Apr 23, 2024People's Garment Public Company Limited, Annual General Meeting, Apr 23, 2024, at 13:00 SE Asia Standard Time. Location: Chao Praya Room 2, Montien Riverside Hotel 372 Rama 3 Road, Bang Khlo, Bang Kho Leam Bangkok Thailand Agenda: To certify the Minute of Annual General Meeting of Shareholders No. 44, held on Tuesday April 25, 2023; To acknowledge the board of director report for the year 2023; To consider and approve the Financial Statement as at December 31, 2023 which is approved by auditor.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.17 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.05 (down from ฿0.17 in 3Q 2022). Revenue: ฿175.2m (up 20% from 3Q 2022). Net income: ฿4.41m (down 73% from 3Q 2022). Profit margin: 2.5% (down from 11% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿777.6m market cap, or US$22.1m).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.19 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.09 (down from ฿0.19 in 2Q 2022). Revenue: ฿175.9m (up 5.1% from 2Q 2022). Net income: ฿9.05m (down 50% from 2Q 2022). Profit margin: 5.1% (down from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿9.40, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 22x in the Luxury industry in Thailand. Total returns to shareholders of 107% over the past three years.Reported Earnings • May 10First quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.22 in 1Q 2022)First quarter 2023 results: EPS: ฿0.18 (down from ฿0.22 in 1Q 2022). Revenue: ฿219.1m (flat on 1Q 2022). Net income: ฿17.3m (down 17% from 1Q 2022). Profit margin: 7.9% (down from 9.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • May 09People's Garment Public Company Limited Announces Changing of Chief AccountantPeople's Garment Public Company Limited appointed Ms. Salinla Chaiput as Chief Accountant in place of Mrs.Sasivimol Kluyasritrakul, effective May 8, 2023.Upcoming Dividend • May 04Upcoming dividend of ฿0.20 per share at 2.5% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.6%).Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.032 loss in 3Q 2021)Third quarter 2022 results: EPS: ฿0.17 (up from ฿0.032 loss in 3Q 2021). Revenue: ฿168.6m (up 48% from 3Q 2021). Net income: ฿16.0m (up ฿19.1m from 3Q 2021). Profit margin: 9.5% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per 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. 2 experienced directors. 9 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Khachornsakdi Vanaratseath was the last independent director to join the board, commencing their role in 2017. 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 10Second quarter 2022 earnings released: EPS: ฿0.19 (vs ฿0.076 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.19 (up from ฿0.076 in 2Q 2021). Revenue: ฿187.5m (up 39% from 2Q 2021). Net income: ฿18.2m (up 149% from 2Q 2021). Profit margin: 9.7% (up from 5.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿7.00, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 20x in the Luxury industry in Thailand. Total returns to shareholders of 30% over the past three years.Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿7.55, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 19x in the Luxury industry in Thailand. Total returns to shareholders of 34% over the past three years.Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 35% share price gain to ฿10.10, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 18x in the Luxury industry in Thailand. Total returns to shareholders of 92% over the past three years.Reported Earnings • May 12First quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.098 in 1Q 2021)First quarter 2022 results: EPS: ฿0.22 (up from ฿0.098 in 1Q 2021). Revenue: ฿233.3m (up 36% from 1Q 2021). Net income: ฿20.8m (up 121% from 1Q 2021). Profit margin: 8.9% (up from 5.5% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Upcoming Dividend • May 04Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.4%).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. 2 experienced directors. 9 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Khachornsakdi Vanaratseath was the last independent director to join the board, commencing their role in 2017. 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 • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.11 (up from ฿0.46 loss in FY 2020). Revenue: ฿666.9m (up 19% from FY 2020). Net income: ฿10.6m (up ฿54.7m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 17Third quarter 2021 earnings released: ฿0.03 loss per share (vs ฿0.19 loss in 3Q 2020)The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ฿125.1m (down 13% from 3Q 2020). Net loss: ฿3.04m (loss narrowed 83% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.076 (vs ฿0.011 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿135.4m (up 39% from 2Q 2020). Net income: ฿7.33m (up ฿8.40m from 2Q 2020). Profit margin: 5.4% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Board Change • Jul 29Less 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. 3 experienced directors. 8 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Khachornsakdi Vanaratseath was the last independent director to join the board, commencing their role in 2017. 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 • May 12First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.28 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿187.1m (up 36% from 1Q 2020). Net income: ฿9.38m (up ฿36.0m from 1Q 2020). Profit margin: 5.0% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 05Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 25 May 2021. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.5%).Is New 90 Day High Low • Mar 10New 90-day high: ฿5.30The company is up 10.0% from its price of ฿4.80 on 08 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period.Reported Earnings • Feb 23Full year 2020 earnings released: ฿0.46 loss per share (vs ฿0.03 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿591.7m (down 16% from FY 2019). Net loss: ฿44.1m (down ฿47.1m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Dec 04New 90-day high: ฿4.86The company is up 3.0% from its price of ฿4.70 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 3.0% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: ฿0.19 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿153.5m (down 14% from 3Q 2019). Net loss: ฿18.3m (down ฿20.3m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 07New 90-day low: ฿4.40The company is down 6.0% from its price of ฿4.70 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 6.0% over the same period.収支内訳People's Garment 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:PG 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 266003170031 Dec 25616-6178030 Sep 25633-22188030 Jun 25710-8198031 Mar 25769-4205031 Dec 247852206030 Sep 247746203030 Jun 24730-10196031 Mar 2470012185031 Dec 2371526180030 Sep 2367719177030 Jun 2366231171031 Mar 2367440165031 Dec 2269843161030 Sep 2273652155030 Jun 2270533150031 Mar 2267322147031 Dec 2162311146030 Sep 2160216140030 Jun 216301153031 Mar 21593-8162031 Dec 20559-44175030 Sep 20552-49184030 Jun 20588-28191031 Mar 20661-22201031 Dec 197073200030 Sep 19731129200030 Jun 19699114201031 Mar 19705110201031 Dec 1870496205030 Sep 18735-7221030 Jun 18785-16224031 Mar 18869-16231031 Dec 17969-16241030 Sep 171,029-57251030 Jun 171,091-66266031 Mar 171,108-77273031 Dec 161,076-75272030 Sep 16996-68257030 Jun 16939-50243031 Mar 16899-22239031 Dec 151,01314245030 Sep 151,08841270030 Jun 151,189622820質の高い収益: PGにはTHB4.7M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: PG過去に利益を上げました。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: PG過去 5 年間で収益を上げており、収益は年間-31.9%増加しています。成長の加速: PGは昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: PG昨年収益を上げたため、昨年の収益成長をLuxury業界 ( -15.6% ) と比較することは困難です。株主資本利益率高いROE: PGの 自己資本利益率 ( 0.2% ) 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7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 14:05終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋People's Garment 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。0
Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.06 loss per share (vs ฿0.02 profit in FY 2024)Full year 2025 results: ฿0.06 loss per share (down from ฿0.02 profit in FY 2024). Revenue: ฿667.3m (down 15% from FY 2024). Net loss: ฿5.56m (down 384% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.21 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (down from ฿0.21 in 3Q 2024). Revenue: ฿153.1m (down 25% from 3Q 2024). Net income: ฿6.34m (down 68% from 3Q 2024). Profit margin: 4.1% (down from 9.6% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿17.00 loss per share (vs ฿0.13 loss in 2Q 2024)Second quarter 2025 results: ฿17.00 loss per share (further deteriorated from ฿0.13 loss in 2Q 2024). Revenue: ฿143.6m (down 22% from 2Q 2024). Net loss: ฿16.6m (loss widened 31% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 12First quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.037 profit in 1Q 2024)First quarter 2025 results: ฿0.03 loss per share (down from ฿0.037 profit in 1Q 2024). Revenue: ฿181.7m (flat on 1Q 2024). Net loss: ฿2.63m (down 174% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.02 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.02 (down from ฿0.27 in FY 2023). Revenue: ฿838.0m (up 17% from FY 2023). Net income: ฿1.96m (down 93% from FY 2023). Profit margin: 0.2% (down from 3.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.046 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.21 (up from ฿0.046 in 3Q 2023). Revenue: ฿231.2m (up 43% from 3Q 2023). Net income: ฿19.8m (up 349% from 3Q 2023). Profit margin: 8.6% (up from 2.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
New Risk • May 11New 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 7.8% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 423% Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (฿854.4m market cap, or US$26.4m).
Upcoming Dividend • May 05Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 12 May 2026. Payment date: 27 May 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (7.5%). In line with average of industry peers (7.4%).
New Risk • Mar 01New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿614.4m market cap, or US$19.8m).
Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.06 loss per share (vs ฿0.02 profit in FY 2024)Full year 2025 results: ฿0.06 loss per share (down from ฿0.02 profit in FY 2024). Revenue: ฿667.3m (down 15% from FY 2024). Net loss: ฿5.56m (down 384% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Declared Dividend • Feb 28Dividend increased to ฿0.50Dividend of ฿0.50 is 150% higher than last year. Ex-date: 12th May 2026 Payment date: 27th May 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
お知らせ • Feb 26+ 2 more updatesPeople's Garment Public Company Limited Proposes Cash Dividend Payment for the Year 2025, Payable of 27 May 2026People's Garment Public Company Limited at the AGM to be held on 28 April 2026, proposed cash dividend payment for the year 2025 of THB 0.50 per share on Par value of THB 1.00 per share. The dividend will be payable of 27 May 2026 and Record date for the right to receive dividends of 13 May 2026 and Ex-dividend date of 12 May 2026.
New Risk • Feb 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿604.8m market cap, or US$19.4m).
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.21 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (down from ฿0.21 in 3Q 2024). Revenue: ฿153.1m (down 25% from 3Q 2024). Net income: ฿6.34m (down 68% from 3Q 2024). Profit margin: 4.1% (down from 9.6% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿17.00 loss per share (vs ฿0.13 loss in 2Q 2024)Second quarter 2025 results: ฿17.00 loss per share (further deteriorated from ฿0.13 loss in 2Q 2024). Revenue: ฿143.6m (down 22% from 2Q 2024). Net loss: ฿16.6m (loss widened 31% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 12First quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.037 profit in 1Q 2024)First quarter 2025 results: ฿0.03 loss per share (down from ฿0.037 profit in 1Q 2024). Revenue: ฿181.7m (flat on 1Q 2024). Net loss: ฿2.63m (down 174% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • May 06Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 13 May 2025. Payment date: 28 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (5.4%).
お知らせ • Apr 30People's Garment Public Company Limited Approves Dividend Payment for Year 2024, Payable on May 28, 2025People's Garment Public Company Limited in its annual general meeting held on April 29, 2025 approved the dividend payment for year 2024 at rate of THB 0.20 per share, amounted THB 19,200,000, whereby said dividend payments are drawn from retained earnings after tax deducted at rate 20 percentage. The payment will be paid to shareholders who named on May 14, 2025 (Record Date). The dividend will be paid on May 28, 2025.
お知らせ • Mar 06People's Garment Public Company Limited Appoints Sunan Niyomnaitham as Acting Chief Executive Officer, Effective April 01, 2025People's Garment Public Company Limited announced the appointment of Mrs. Sunan Niyomnaitham as Acting Chief Executive Officer. The effective date is April 01, 2025.
お知らせ • Mar 04+ 1 more updatePeople's Garment Public Company Limited Announces Resignation of Viritpol Chaithavornsathien as Chief Executive Officer, Effective April 1, 2025People's Garment Public Company Limited announced that Mr. Viritpol Chaithavornsathien, has issued the letter dated February 28, 2025, requesting to resign from the position as Chief Executive Officer (CEO), due to personal business. The resignation is effective from April 1, 2025 onwards.
Declared Dividend • Feb 25Dividend of ฿0.20 announcedDividend of ฿0.20 is the same as last year. Ex-date: 13th May 2025 Payment date: 28th May 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 10x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1,011% to bring the payout ratio under control. However, EPS has declined by 7.4% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.02 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.02 (down from ฿0.27 in FY 2023). Revenue: ฿838.0m (up 17% from FY 2023). Net income: ฿1.96m (down 93% from FY 2023). Profit margin: 0.2% (down from 3.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Feb 22People's Garment Public Company Limited announces Annual dividend, payable on May 28, 2025People's Garment Public Company Limited announced Annual dividend of THB 0.2000 per share payable on May 28, 2025, ex-date on May 13, 2025 and record date on May 14, 2025.
お知らせ • Feb 21People's Garment Public Company Limited, Annual General Meeting, Apr 29, 2025People's Garment Public Company Limited, Annual General Meeting, Apr 29, 2025, at 13:00 SE Asia Standard Time. Location: mahanatee room kingbridge tower, Thailand
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.046 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.21 (up from ฿0.046 in 3Q 2023). Revenue: ฿231.2m (up 43% from 3Q 2023). Net income: ฿19.8m (up 349% from 3Q 2023). Profit margin: 8.6% (up from 2.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.13 loss per share (vs ฿0.094 profit in 2Q 2023)Second quarter 2024 results: ฿0.13 loss per share (down from ฿0.094 profit in 2Q 2023). Revenue: ฿204.5m (up 32% from 2Q 2023). Net loss: ฿12.7m (down 240% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.18 in 1Q 2023)First quarter 2024 results: EPS: ฿0.04 (down from ฿0.18 in 1Q 2023). Revenue: ฿200.3m (up 1.6% from 1Q 2023). Net income: ฿3.56m (down 79% from 1Q 2023). Profit margin: 1.8% (down from 8.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 02Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 09 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (3.8%).
Declared Dividend • Feb 25Dividend of ฿0.20 announcedDividend of ฿0.20 is the same as last year. Ex-date: 9th May 2024 Payment date: 21st May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Feb 24Full year 2023 earnings released: EPS: ฿0.27 (vs ฿0.45 in FY 2022)Full year 2023 results: EPS: ฿0.27 (down from ฿0.45 in FY 2022). Revenue: ฿768.2m (up 10.0% from FY 2022). Net income: ฿26.0m (down 40% from FY 2022). Profit margin: 3.4% (down from 6.2% in FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 24People's Garment Public Company Limited, Annual General Meeting, Apr 23, 2024People's Garment Public Company Limited, Annual General Meeting, Apr 23, 2024, at 13:00 SE Asia Standard Time. Location: Chao Praya Room 2, Montien Riverside Hotel 372 Rama 3 Road, Bang Khlo, Bang Kho Leam Bangkok Thailand Agenda: To certify the Minute of Annual General Meeting of Shareholders No. 44, held on Tuesday April 25, 2023; To acknowledge the board of director report for the year 2023; To consider and approve the Financial Statement as at December 31, 2023 which is approved by auditor.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.17 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.05 (down from ฿0.17 in 3Q 2022). Revenue: ฿175.2m (up 20% from 3Q 2022). Net income: ฿4.41m (down 73% from 3Q 2022). Profit margin: 2.5% (down from 11% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿777.6m market cap, or US$22.1m).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.19 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.09 (down from ฿0.19 in 2Q 2022). Revenue: ฿175.9m (up 5.1% from 2Q 2022). Net income: ฿9.05m (down 50% from 2Q 2022). Profit margin: 5.1% (down from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿9.40, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 22x in the Luxury industry in Thailand. Total returns to shareholders of 107% over the past three years.
Reported Earnings • May 10First quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.22 in 1Q 2022)First quarter 2023 results: EPS: ฿0.18 (down from ฿0.22 in 1Q 2022). Revenue: ฿219.1m (flat on 1Q 2022). Net income: ฿17.3m (down 17% from 1Q 2022). Profit margin: 7.9% (down from 9.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • May 09People's Garment Public Company Limited Announces Changing of Chief AccountantPeople's Garment Public Company Limited appointed Ms. Salinla Chaiput as Chief Accountant in place of Mrs.Sasivimol Kluyasritrakul, effective May 8, 2023.
Upcoming Dividend • May 04Upcoming dividend of ฿0.20 per share at 2.5% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.6%).
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.032 loss in 3Q 2021)Third quarter 2022 results: EPS: ฿0.17 (up from ฿0.032 loss in 3Q 2021). Revenue: ฿168.6m (up 48% from 3Q 2021). Net income: ฿16.0m (up ฿19.1m from 3Q 2021). Profit margin: 9.5% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per 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. 2 experienced directors. 9 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Khachornsakdi Vanaratseath was the last independent director to join the board, commencing their role in 2017. 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 10Second quarter 2022 earnings released: EPS: ฿0.19 (vs ฿0.076 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.19 (up from ฿0.076 in 2Q 2021). Revenue: ฿187.5m (up 39% from 2Q 2021). Net income: ฿18.2m (up 149% from 2Q 2021). Profit margin: 9.7% (up from 5.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿7.00, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 20x in the Luxury industry in Thailand. Total returns to shareholders of 30% over the past three years.
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿7.55, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 19x in the Luxury industry in Thailand. Total returns to shareholders of 34% over the past three years.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 35% share price gain to ฿10.10, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 18x in the Luxury industry in Thailand. Total returns to shareholders of 92% over the past three years.
Reported Earnings • May 12First quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.098 in 1Q 2021)First quarter 2022 results: EPS: ฿0.22 (up from ฿0.098 in 1Q 2021). Revenue: ฿233.3m (up 36% from 1Q 2021). Net income: ฿20.8m (up 121% from 1Q 2021). Profit margin: 8.9% (up from 5.5% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • May 04Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.4%).
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. 2 experienced directors. 9 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Khachornsakdi Vanaratseath was the last independent director to join the board, commencing their role in 2017. 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 • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.11 (up from ฿0.46 loss in FY 2020). Revenue: ฿666.9m (up 19% from FY 2020). Net income: ฿10.6m (up ฿54.7m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 17Third quarter 2021 earnings released: ฿0.03 loss per share (vs ฿0.19 loss in 3Q 2020)The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ฿125.1m (down 13% from 3Q 2020). Net loss: ฿3.04m (loss narrowed 83% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.076 (vs ฿0.011 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿135.4m (up 39% from 2Q 2020). Net income: ฿7.33m (up ฿8.40m from 2Q 2020). Profit margin: 5.4% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Board Change • Jul 29Less 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. 3 experienced directors. 8 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Khachornsakdi Vanaratseath was the last independent director to join the board, commencing their role in 2017. 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 • May 12First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.28 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿187.1m (up 36% from 1Q 2020). Net income: ฿9.38m (up ฿36.0m from 1Q 2020). Profit margin: 5.0% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 05Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 25 May 2021. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.5%).
Is New 90 Day High Low • Mar 10New 90-day high: ฿5.30The company is up 10.0% from its price of ฿4.80 on 08 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period.
Reported Earnings • Feb 23Full year 2020 earnings released: ฿0.46 loss per share (vs ฿0.03 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿591.7m (down 16% from FY 2019). Net loss: ฿44.1m (down ฿47.1m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Dec 04New 90-day high: ฿4.86The company is up 3.0% from its price of ฿4.70 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 3.0% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: ฿0.19 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿153.5m (down 14% from 3Q 2019). Net loss: ฿18.3m (down ฿20.3m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 07New 90-day low: ฿4.40The company is down 6.0% from its price of ฿4.70 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 6.0% over the same period.