View ValuationThai Wacoal 将来の成長Future 基準チェック /06現在、 Thai Wacoalの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Luxury 収益成長14.8%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 21First quarter 2026 earnings released: ฿0.024 loss per share (vs ฿0.46 loss in 1Q 2025)First quarter 2026 results: ฿0.024 loss per share (improved from ฿0.46 loss in 1Q 2025). Revenue: ฿675.7m (down 7.0% from 1Q 2025). Net loss: ฿2.87m (loss narrowed 95% from 1Q 2025). 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 • Apr 30Upcoming dividend of ฿0.55 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 26 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (7.3%).お知らせ • Mar 10+ 2 more updatesThai Wacoal Public Company Limited to Report Q2, 2026 Results on Aug 14, 2026Thai Wacoal Public Company Limited announced that they will report Q2, 2026 results on Aug 14, 2026Declared Dividend • Mar 06Dividend reduced to ฿0.55Dividend of ฿0.55 is 8.3% lower than last year. Ex-date: 7th May 2026 Payment date: 26th May 2026 Dividend yield will be 3.3%, which is lower 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 • Mar 05+ 2 more updatesThai Wacoal Public Company Limited Announces Directorate RetirementThai Wacoal Public Company Limited announced retirement of Mr. Akira Miyagi and Mr. Krish Follett as directors who are not seeking re-nomination.Reported Earnings • Mar 01Full year 2025 earnings released: ฿1.12 loss per share (vs ฿0.20 profit in FY 2024)Full year 2025 results: ฿1.12 loss per share (down from ฿0.20 profit in FY 2024). Revenue: ฿2.97b (down 15% from FY 2024). Net loss: ฿134.8m (down ฿159.1m 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 91 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.80 loss per share (vs ฿0.35 loss in 3Q 2024)Third quarter 2025 results: ฿0.80 loss per share (further deteriorated from ฿0.35 loss in 3Q 2024). Revenue: ฿744.8m (down 13% from 3Q 2024). Net loss: ฿96.1m (loss widened 131% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.お知らせ • Sep 17E-Commerce Digital Thai Holding co., Ltd. agreed to acquire additional 3.57% stake in Sun Vending Technology Public Company Limited (SET:SVT) from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 34 million.E-Commerce Digital Thai Holding co., Ltd. agreed to acquire additional 3.57% stake in Sun Vending Technology Public Company Limited (SET:SVT) from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 34 million on September 16, 2025. A cash consideration valued at THB 1.36 per share will be paid by E-Commerce Digital Thai Holding co., Ltd. The expected completion of the transaction is within December, 2025.Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.54 loss per share (vs ฿0.26 profit in 2Q 2024)Second quarter 2025 results: ฿0.54 loss per share (down from ฿0.26 profit in 2Q 2024). Revenue: ฿708.9m (down 21% from 2Q 2024). Net loss: ฿64.8m (down 308% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.お知らせ • Jun 30Thai Wacoal Public Company Limited Announces Resignation of Mr. Teruo Fukumoto as Director, Effective from July 10, 2025Thai Wacoal Public Company Limited announced that Mr. Teruo Fukumoto has resigned from the company director. The resignation shall be effective from July 10, 2025 onwards.Reported Earnings • May 15First quarter 2025 earnings released: ฿0.46 loss per share (vs ฿0.11 profit in 1Q 2024)First quarter 2025 results: ฿0.46 loss per share (down from ฿0.11 profit in 1Q 2024). Revenue: ฿726.4m (down 8.6% from 1Q 2024). Net loss: ฿55.3m (down ฿68.3m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year.Upcoming Dividend • May 02Upcoming dividend of ฿0.60 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 27 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (5.3%).New Risk • Mar 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 115% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿2.93b market cap, or US$86.8m).Declared Dividend • Mar 06Dividend reduced to ฿0.60Dividend of ฿0.60 is 14% lower than last year. Ex-date: 9th May 2025 Payment date: 27th May 2025 Dividend yield will be 2.5%, which is lower 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 • Mar 05+ 1 more updateThai Wacoal Public Company Limited announces Annual dividend, payable on May 27, 2025Thai Wacoal Public Company Limited announced Annual dividend of THB 0.6000 per share payable on May 27, 2025, ex-date on May 09, 2025 and record date on May 13, 2025.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.20 (vs ฿0.65 in FY 2023)Full year 2024 results: EPS: ฿0.20 (down from ฿0.65 in FY 2023). Revenue: ฿3.51b (down 2.8% from FY 2023). Net income: ฿24.3m (down 69% from FY 2023). Profit margin: 0.7% (down from 2.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • Jan 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks 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. Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿2.96b market cap, or US$86.0m).New Risk • Nov 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.42b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (฿3.42b market cap, or US$99.7m).Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.26 (vs ฿0.61 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.26 (down from ฿0.61 in 2Q 2023). Revenue: ฿892.5m (down 6.1% from 2Q 2023). Net income: ฿31.1m (down 57% from 2Q 2023). Profit margin: 3.5% (down from 7.6% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 152% Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin).お知らせ • May 15Thai Wacoal Public Company Limited Announces Appointments of the Board of Directors and the Sub-CommitteesThai Wacoal Public Company Limited elected Mr. Manabu Tochio, Vice Chairman to Board of Directors. Mr. Masaaki Yajima has changed his position from Vice Chairman to Director, effective from May 13, 2024 onwards. The company appointed Dr. Kulpatra Sirodom to Audit Committee, Miss Sirikul Dhanasarnsilp to Nominating Committee, Mr. Manu Leelanuwatana, Miss Sirikul Dhanasarnsilp, Mr. Boondee Amnuayskul and Mr. Thamarat Chokwatana to Remuneration Committee, Dr. Kulpatra Sirodom to Corporate Governance and Sustainable Development Committee. Whereby The Audit Committee, The Nominating Committee, The Remuneration Committee, The Risk Management Committee, The Corporate Governance and Sustainable Development Committee, and The Executive Committee, all are entitled to a 1-year term, effective from May 13, 2024 onwards.お知らせ • Apr 27Thai Wacoal Public Company Limited Informs That Takashi Watanabe Has Resigned from the Company DirectorThai Wacoal Public Company Limited informed that Mr. Takashi Watanabe has resigned from the company director. The resignation shall be effective from May 13, 2024 onwards.Upcoming Dividend • Apr 24Upcoming dividend of ฿0.70 per shareEligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (3.7%).Declared Dividend • Mar 07Dividend of ฿0.70 announcedDividend of ฿0.70 is the same as last year. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but 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 decline by 31% to shift the payout ratio to a potentially unsustainable range, which is more than the 26% EPS decline seen over the last 5 years.お知らせ • Mar 06Thai Wacoal Public Company Limited, Annual General Meeting, Apr 22, 2024Thai Wacoal Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Location: Chaophaya Room 2, The Montien Riverside Hotel, situated at no.372, Rama 3 Road, Bangklo, Bangkholaem, Bangkok Thailand Agenda: To consider Endorsement of the Minutes of the 54th General Meeting of Shareholders, held on April 24, 2023; to consider Report on the company's performance results for year 2023; to consider Approval of the financial statements for the year ended December 31, 2023; to consider Approval of profits appropriation and dividend payments proposal; to consider Election of directors to replace those retiring upon term completion; to consider Approval of the directors' remuneration budget; to consider Appointment of company auditor(s) and approval of related audit remuneration budget; to consider Approval of amendments to Article 28, 34, 39, 56 of Company's Articles of Association; and to consider other matters.お知らせ • Mar 05Thai Wacoal Public Company Limited Proposes Dividend for the Year 2023, Payable on May 21, 2024The meeting of The Board of Directors of Thai Wacoal Public Company Limited held on March 5, 2024, proposed to the shareholders' general meeting no. 55 to approve dividend payments for year 2023 to the shareholders holding total 120 million shares, at the rate of THB 0.70 per share, for total payment amount THB 84 million. Said dividend payments are to be drawn from the company's retained earnings already subject to 25% corporate income tax. Payment date has been set for May 21, 2024, at the shareholders' general meeting to be held on April 22, 2024.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.65 (vs ฿0.86 in FY 2022)Full year 2023 results: EPS: ฿0.65 (down from ฿0.86 in FY 2022). Revenue: ฿3.61b (down 8.3% from FY 2022). Net income: ฿78.5m (down 24% from FY 2022). Profit margin: 2.2% (down from 2.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • Nov 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.48b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 15x cash flows per share). Market cap is less than US$100m (฿3.48b market cap, or US$98.7m).Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.23 (vs ฿0.39 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.23 (down from ฿0.39 in 3Q 2022). Revenue: ฿940.1m (down 12% from 3Q 2022). Net income: ฿27.4m (down 41% from 3Q 2022). Profit margin: 2.9% (down from 4.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.61 (vs ฿0.20 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.61 (up from ฿0.20 in 2Q 2022). Revenue: ฿950.5m (up 6.2% from 2Q 2022). Net income: ฿72.7m (up 206% from 2Q 2022). Profit margin: 7.6% (up from 2.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Jul 27Thai Wacoal Public Company Limited Approves Board ChangesThai Wacoal Public Company Limited at its board meeting held on July 26, 2023, approved the appointment of Mr. Takashi Watanabe as company director to replace Mr. Yasuhiro Shimizu, by serving out his remaining respective term and the appointment of Mr. Masaaki Yajima as Vice Chairman to replace Mr. Yasuhiro Shimizu. Said appointment shall be effective on July 26, 2023.お知らせ • Jul 08Thai Wacoal Public Company Limited Announces Resignation of Yasuhiro Shimizu as Director and Vice Chairman, Effective from July 26, 2023Thai Wacoal Public Company Limited informed that Mr. Yasuhiro Shimizu has resigned from the company director and Vice Chairman. The resignation shall be effective from July 26, 2023 onwards. The company shall report The Stock Exchange of Thailand once The Board of Directors has appointed a suitable and qualified person to replace the vacant position.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.30 (vs ฿0.28 in 1Q 2022)First quarter 2023 results: EPS: ฿0.30 (up from ฿0.28 in 1Q 2022). Revenue: ฿901.8m (down 4.9% from 1Q 2022). Net income: ฿36.3m (up 9.7% from 1Q 2022). Profit margin: 4.0% (up from 3.5% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • May 11Sahapat Real Estate Co., Ltd agreed to acquire 18.5% stake in Saha Asia Pacific Co., Ltd. from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 18.3 million.Sahapat Real Estate Co., Ltd agreed to acquire 18.5% stake in Saha Asia Pacific Co., Ltd. from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 18.3 million on May 10, 2023. The Board of Directors approved of Thai Wacoal to enter into the transaction to sell all ordinary shares of Saha Asia Pacific. The transaction is expected to complete within June 2023.Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿33.00, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 18x in the Luxury industry in Thailand. Total loss to shareholders of 25% over the past three years.Upcoming Dividend • Apr 26Upcoming dividend of ฿0.70 per share at 1.9% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 23 May 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.6%).Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.20 (vs ฿0.38 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.20 (up from ฿0.38 loss in 2Q 2021). Revenue: ฿895.0m (up 16% from 2Q 2021). Net income: ฿23.7m (up ฿68.7m from 2Q 2021). Profit margin: 2.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.28 (vs ฿0.25 loss in 1Q 2021)First quarter 2022 results: EPS: ฿0.28 (up from ฿0.25 loss in 1Q 2021). Revenue: ฿948.5m (up 13% from 1Q 2021). Net income: ฿33.1m (up ฿62.7m from 1Q 2021). Profit margin: 3.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 28Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 24 May 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.4%).Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: ฿1.20 loss per share (up from ฿2.62 loss in FY 2020). Revenue: ฿3.24b (up 9.7% from FY 2020). Net loss: ฿144.4m (loss narrowed 54% from FY 2020). 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 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 12Third quarter 2021 earnings released: ฿0.40 loss per share (vs ฿1.94 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: ฿795.9m (down 9.8% from 3Q 2020). Net loss: ฿48.4m (loss narrowed 79% from 3Q 2020). 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.Reported Earnings • Aug 16Second quarter 2021 earnings released: ฿0.38 loss per share (vs ฿0.45 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿769.9m (up 30% from 2Q 2020). Net loss: ฿45.0m (loss narrowed 16% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Executive Departure • May 15Director has left the companyOn the 11th of May, Mitsuru Sekiguchi's tenure as Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Mitsuru's name. Mitsuru is the only executive to leave the company over the last 12 months.Reported Earnings • May 15First quarter 2021 earnings released: ฿0.25 loss per share (vs ฿0.97 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿838.2m (down 14% from 1Q 2020). Net loss: ฿29.6m (down 125% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 06 May 2021. Payment date: 25 May 2021. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.5%).Reported Earnings • Mar 02Full year 2020 earnings released: ฿2.62 loss per share (vs ฿2.80 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: ฿2.96b (down 39% from FY 2019). Net loss: ฿314.9m (down 194% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2020 earnings released: ฿1.94 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿882.2m (down 31% from 3Q 2019). Net loss: ฿233.0m (down 385% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 18% 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.Is New 90 Day High Low • Oct 27New 90-day low: ฿40.75The company is down 10.0% from its price of ฿45.50 on 29 July 2020. The Thai market is also down 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Luxury industry, which is up 5.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Thai Wacoal は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:WACOAL - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20262,923-82-222-198N/A12/31/20252,974-135-122-90N/A9/30/20253,148-194-99-49N/A6/30/20253,255-140749N/A3/31/20253,439-44950N/A12/31/20243,50724-68-31N/A9/30/20243,355-55-57-33N/A6/30/20243,44314-80-40N/A3/31/20243,50255-62-10N/A12/31/20233,60978-72-6N/A9/30/20233,812136473N/A6/30/20233,945155777N/A3/31/20233,88910631102N/A12/31/20223,936103239302N/A9/30/20223,75682187213N/A6/30/20223,479-13123153N/A3/31/20223,354-82276309N/A12/31/20213,244-144-1612N/A9/30/20212,910-268-2819N/A6/30/20212,996-452-270-221N/A3/31/20212,819-461-805-768N/A12/31/20202,956-315-625-578N/A9/30/20203,642-73-525-454N/A6/30/20204,033242-252-189N/A3/31/20204,717386214293N/A12/31/20194,881336N/A79N/A9/30/20194,885320N/A69N/A6/30/20194,844333N/A115N/A3/31/20194,683347N/A99N/A12/31/20184,606356N/A206N/A9/30/20184,443331N/A186N/A6/30/20184,336308N/A399N/A3/31/20184,370314N/A423N/A12/31/20174,363325N/A398N/A9/30/20174,371340N/A444N/A6/30/20174,314341N/A283N/A3/31/20174,181318N/A301N/A12/31/20164,138311N/A361N/A9/30/20164,092302N/A274N/A6/30/20163,974303N/A287N/A3/31/20164,010326N/A309N/A12/31/20153,972334N/A279N/A9/30/20153,885314N/A205N/A6/30/20153,816294N/A224N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: WACOALの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: WACOALの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: WACOALの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: WACOALの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: WACOALの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: WACOALの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance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2026/05/23 03:55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Thai Wacoal 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 • May 21First quarter 2026 earnings released: ฿0.024 loss per share (vs ฿0.46 loss in 1Q 2025)First quarter 2026 results: ฿0.024 loss per share (improved from ฿0.46 loss in 1Q 2025). Revenue: ฿675.7m (down 7.0% from 1Q 2025). Net loss: ฿2.87m (loss narrowed 95% from 1Q 2025). 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 • Apr 30Upcoming dividend of ฿0.55 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 26 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (7.3%).
お知らせ • Mar 10+ 2 more updatesThai Wacoal Public Company Limited to Report Q2, 2026 Results on Aug 14, 2026Thai Wacoal Public Company Limited announced that they will report Q2, 2026 results on Aug 14, 2026
Declared Dividend • Mar 06Dividend reduced to ฿0.55Dividend of ฿0.55 is 8.3% lower than last year. Ex-date: 7th May 2026 Payment date: 26th May 2026 Dividend yield will be 3.3%, which is lower 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 • Mar 05+ 2 more updatesThai Wacoal Public Company Limited Announces Directorate RetirementThai Wacoal Public Company Limited announced retirement of Mr. Akira Miyagi and Mr. Krish Follett as directors who are not seeking re-nomination.
Reported Earnings • Mar 01Full year 2025 earnings released: ฿1.12 loss per share (vs ฿0.20 profit in FY 2024)Full year 2025 results: ฿1.12 loss per share (down from ฿0.20 profit in FY 2024). Revenue: ฿2.97b (down 15% from FY 2024). Net loss: ฿134.8m (down ฿159.1m 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 91 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.80 loss per share (vs ฿0.35 loss in 3Q 2024)Third quarter 2025 results: ฿0.80 loss per share (further deteriorated from ฿0.35 loss in 3Q 2024). Revenue: ฿744.8m (down 13% from 3Q 2024). Net loss: ฿96.1m (loss widened 131% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 17E-Commerce Digital Thai Holding co., Ltd. agreed to acquire additional 3.57% stake in Sun Vending Technology Public Company Limited (SET:SVT) from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 34 million.E-Commerce Digital Thai Holding co., Ltd. agreed to acquire additional 3.57% stake in Sun Vending Technology Public Company Limited (SET:SVT) from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 34 million on September 16, 2025. A cash consideration valued at THB 1.36 per share will be paid by E-Commerce Digital Thai Holding co., Ltd. The expected completion of the transaction is within December, 2025.
Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.54 loss per share (vs ฿0.26 profit in 2Q 2024)Second quarter 2025 results: ฿0.54 loss per share (down from ฿0.26 profit in 2Q 2024). Revenue: ฿708.9m (down 21% from 2Q 2024). Net loss: ฿64.8m (down 308% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 30Thai Wacoal Public Company Limited Announces Resignation of Mr. Teruo Fukumoto as Director, Effective from July 10, 2025Thai Wacoal Public Company Limited announced that Mr. Teruo Fukumoto has resigned from the company director. The resignation shall be effective from July 10, 2025 onwards.
Reported Earnings • May 15First quarter 2025 earnings released: ฿0.46 loss per share (vs ฿0.11 profit in 1Q 2024)First quarter 2025 results: ฿0.46 loss per share (down from ฿0.11 profit in 1Q 2024). Revenue: ฿726.4m (down 8.6% from 1Q 2024). Net loss: ฿55.3m (down ฿68.3m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year.
Upcoming Dividend • May 02Upcoming dividend of ฿0.60 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 27 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (5.3%).
New Risk • Mar 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 115% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿2.93b market cap, or US$86.8m).
Declared Dividend • Mar 06Dividend reduced to ฿0.60Dividend of ฿0.60 is 14% lower than last year. Ex-date: 9th May 2025 Payment date: 27th May 2025 Dividend yield will be 2.5%, which is lower 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 • Mar 05+ 1 more updateThai Wacoal Public Company Limited announces Annual dividend, payable on May 27, 2025Thai Wacoal Public Company Limited announced Annual dividend of THB 0.6000 per share payable on May 27, 2025, ex-date on May 09, 2025 and record date on May 13, 2025.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.20 (vs ฿0.65 in FY 2023)Full year 2024 results: EPS: ฿0.20 (down from ฿0.65 in FY 2023). Revenue: ฿3.51b (down 2.8% from FY 2023). Net income: ฿24.3m (down 69% from FY 2023). Profit margin: 0.7% (down from 2.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • Jan 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks 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. Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿2.96b market cap, or US$86.0m).
New Risk • Nov 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.42b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (฿3.42b market cap, or US$99.7m).
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.26 (vs ฿0.61 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.26 (down from ฿0.61 in 2Q 2023). Revenue: ฿892.5m (down 6.1% from 2Q 2023). Net income: ฿31.1m (down 57% from 2Q 2023). Profit margin: 3.5% (down from 7.6% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 152% Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin).
お知らせ • May 15Thai Wacoal Public Company Limited Announces Appointments of the Board of Directors and the Sub-CommitteesThai Wacoal Public Company Limited elected Mr. Manabu Tochio, Vice Chairman to Board of Directors. Mr. Masaaki Yajima has changed his position from Vice Chairman to Director, effective from May 13, 2024 onwards. The company appointed Dr. Kulpatra Sirodom to Audit Committee, Miss Sirikul Dhanasarnsilp to Nominating Committee, Mr. Manu Leelanuwatana, Miss Sirikul Dhanasarnsilp, Mr. Boondee Amnuayskul and Mr. Thamarat Chokwatana to Remuneration Committee, Dr. Kulpatra Sirodom to Corporate Governance and Sustainable Development Committee. Whereby The Audit Committee, The Nominating Committee, The Remuneration Committee, The Risk Management Committee, The Corporate Governance and Sustainable Development Committee, and The Executive Committee, all are entitled to a 1-year term, effective from May 13, 2024 onwards.
お知らせ • Apr 27Thai Wacoal Public Company Limited Informs That Takashi Watanabe Has Resigned from the Company DirectorThai Wacoal Public Company Limited informed that Mr. Takashi Watanabe has resigned from the company director. The resignation shall be effective from May 13, 2024 onwards.
Upcoming Dividend • Apr 24Upcoming dividend of ฿0.70 per shareEligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (3.7%).
Declared Dividend • Mar 07Dividend of ฿0.70 announcedDividend of ฿0.70 is the same as last year. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but 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 decline by 31% to shift the payout ratio to a potentially unsustainable range, which is more than the 26% EPS decline seen over the last 5 years.
お知らせ • Mar 06Thai Wacoal Public Company Limited, Annual General Meeting, Apr 22, 2024Thai Wacoal Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Location: Chaophaya Room 2, The Montien Riverside Hotel, situated at no.372, Rama 3 Road, Bangklo, Bangkholaem, Bangkok Thailand Agenda: To consider Endorsement of the Minutes of the 54th General Meeting of Shareholders, held on April 24, 2023; to consider Report on the company's performance results for year 2023; to consider Approval of the financial statements for the year ended December 31, 2023; to consider Approval of profits appropriation and dividend payments proposal; to consider Election of directors to replace those retiring upon term completion; to consider Approval of the directors' remuneration budget; to consider Appointment of company auditor(s) and approval of related audit remuneration budget; to consider Approval of amendments to Article 28, 34, 39, 56 of Company's Articles of Association; and to consider other matters.
お知らせ • Mar 05Thai Wacoal Public Company Limited Proposes Dividend for the Year 2023, Payable on May 21, 2024The meeting of The Board of Directors of Thai Wacoal Public Company Limited held on March 5, 2024, proposed to the shareholders' general meeting no. 55 to approve dividend payments for year 2023 to the shareholders holding total 120 million shares, at the rate of THB 0.70 per share, for total payment amount THB 84 million. Said dividend payments are to be drawn from the company's retained earnings already subject to 25% corporate income tax. Payment date has been set for May 21, 2024, at the shareholders' general meeting to be held on April 22, 2024.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.65 (vs ฿0.86 in FY 2022)Full year 2023 results: EPS: ฿0.65 (down from ฿0.86 in FY 2022). Revenue: ฿3.61b (down 8.3% from FY 2022). Net income: ฿78.5m (down 24% from FY 2022). Profit margin: 2.2% (down from 2.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • Nov 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.48b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 15x cash flows per share). Market cap is less than US$100m (฿3.48b market cap, or US$98.7m).
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.23 (vs ฿0.39 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.23 (down from ฿0.39 in 3Q 2022). Revenue: ฿940.1m (down 12% from 3Q 2022). Net income: ฿27.4m (down 41% from 3Q 2022). Profit margin: 2.9% (down from 4.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.61 (vs ฿0.20 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.61 (up from ฿0.20 in 2Q 2022). Revenue: ฿950.5m (up 6.2% from 2Q 2022). Net income: ฿72.7m (up 206% from 2Q 2022). Profit margin: 7.6% (up from 2.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Jul 27Thai Wacoal Public Company Limited Approves Board ChangesThai Wacoal Public Company Limited at its board meeting held on July 26, 2023, approved the appointment of Mr. Takashi Watanabe as company director to replace Mr. Yasuhiro Shimizu, by serving out his remaining respective term and the appointment of Mr. Masaaki Yajima as Vice Chairman to replace Mr. Yasuhiro Shimizu. Said appointment shall be effective on July 26, 2023.
お知らせ • Jul 08Thai Wacoal Public Company Limited Announces Resignation of Yasuhiro Shimizu as Director and Vice Chairman, Effective from July 26, 2023Thai Wacoal Public Company Limited informed that Mr. Yasuhiro Shimizu has resigned from the company director and Vice Chairman. The resignation shall be effective from July 26, 2023 onwards. The company shall report The Stock Exchange of Thailand once The Board of Directors has appointed a suitable and qualified person to replace the vacant position.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.30 (vs ฿0.28 in 1Q 2022)First quarter 2023 results: EPS: ฿0.30 (up from ฿0.28 in 1Q 2022). Revenue: ฿901.8m (down 4.9% from 1Q 2022). Net income: ฿36.3m (up 9.7% from 1Q 2022). Profit margin: 4.0% (up from 3.5% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • May 11Sahapat Real Estate Co., Ltd agreed to acquire 18.5% stake in Saha Asia Pacific Co., Ltd. from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 18.3 million.Sahapat Real Estate Co., Ltd agreed to acquire 18.5% stake in Saha Asia Pacific Co., Ltd. from Thai Wacoal Public Company Limited (SET:WACOAL) for THB 18.3 million on May 10, 2023. The Board of Directors approved of Thai Wacoal to enter into the transaction to sell all ordinary shares of Saha Asia Pacific. The transaction is expected to complete within June 2023.
Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿33.00, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 18x in the Luxury industry in Thailand. Total loss to shareholders of 25% over the past three years.
Upcoming Dividend • Apr 26Upcoming dividend of ฿0.70 per share at 1.9% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 23 May 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.6%).
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.20 (vs ฿0.38 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.20 (up from ฿0.38 loss in 2Q 2021). Revenue: ฿895.0m (up 16% from 2Q 2021). Net income: ฿23.7m (up ฿68.7m from 2Q 2021). Profit margin: 2.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.28 (vs ฿0.25 loss in 1Q 2021)First quarter 2022 results: EPS: ฿0.28 (up from ฿0.25 loss in 1Q 2021). Revenue: ฿948.5m (up 13% from 1Q 2021). Net income: ฿33.1m (up ฿62.7m from 1Q 2021). Profit margin: 3.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 28Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 24 May 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.4%).
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: ฿1.20 loss per share (up from ฿2.62 loss in FY 2020). Revenue: ฿3.24b (up 9.7% from FY 2020). Net loss: ฿144.4m (loss narrowed 54% from FY 2020). 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 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 12Third quarter 2021 earnings released: ฿0.40 loss per share (vs ฿1.94 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: ฿795.9m (down 9.8% from 3Q 2020). Net loss: ฿48.4m (loss narrowed 79% from 3Q 2020). 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.
Reported Earnings • Aug 16Second quarter 2021 earnings released: ฿0.38 loss per share (vs ฿0.45 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿769.9m (up 30% from 2Q 2020). Net loss: ฿45.0m (loss narrowed 16% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Executive Departure • May 15Director has left the companyOn the 11th of May, Mitsuru Sekiguchi's tenure as Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Mitsuru's name. Mitsuru is the only executive to leave the company over the last 12 months.
Reported Earnings • May 15First quarter 2021 earnings released: ฿0.25 loss per share (vs ฿0.97 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿838.2m (down 14% from 1Q 2020). Net loss: ฿29.6m (down 125% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 06 May 2021. Payment date: 25 May 2021. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.5%).
Reported Earnings • Mar 02Full year 2020 earnings released: ฿2.62 loss per share (vs ฿2.80 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: ฿2.96b (down 39% from FY 2019). Net loss: ฿314.9m (down 194% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2020 earnings released: ฿1.94 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿882.2m (down 31% from 3Q 2019). Net loss: ฿233.0m (down 385% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 18% 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.
Is New 90 Day High Low • Oct 27New 90-day low: ฿40.75The company is down 10.0% from its price of ฿45.50 on 29 July 2020. The Thai market is also down 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Luxury industry, which is up 5.0% over the same period.