View ValuationWarrix Sport 将来の成長Future 基準チェック /36Warrix Sport利益と収益がそれぞれ年間31.5%と3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に5.2% 52.2%なると予測されています。主要情報31.5%収益成長率52.17%EPS成長率Luxury 収益成長14.7%収益成長率3.0%将来の株主資本利益率5.20%アナリストカバレッジLow最終更新日17 Apr 2026今後の成長に関する最新情報Major Estimate Revision • Aug 23Consensus EPS estimates fall by 43%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.64b to ฿1.52b. EPS estimate also fell from ฿0.216 per share to ฿0.123 per share. Net income forecast to grow 9.6% next year vs 13% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿2.73 to ฿2.09. Share price was steady at ฿1.88 over the past week.Major Estimate Revision • May 24Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.79b to ฿1.64b. EPS estimate also fell from ฿0.292 per share to ฿0.216 per share. Net income forecast to grow 1.3% next year vs 18% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿4.94 to ฿2.73. Share price fell 7.9% to ฿2.34 over the past week.Price Target Changed • May 16Price target decreased by 18% to ฿4.06Down from ฿4.93, the current price target is an average from 4 analysts. New target price is 60% above last closing price of ฿2.54. Stock is down 53% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.25 last year.Price Target Changed • Mar 05Price target decreased by 7.7% to ฿4.93Down from ฿5.34, the current price target is an average from 4 analysts. New target price is 37% above last closing price of ฿3.60. Stock is down 31% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.Price Target Changed • Mar 03Price target decreased by 10% to ฿5.13Down from ฿5.71, the current price target is an average from 4 analysts. New target price is 46% above last closing price of ฿3.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.Major Estimate Revision • Aug 22Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.51b to ฿1.53b. EPS estimate fell from ฿0.30 to ฿0.237 per share. Net income forecast to grow 20% next year vs 24% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿7.09 to ฿5.71. Share price rose 22% to ฿4.28 over the past week.すべての更新を表示Recent updatesお知らせ • Mar 06Warrix Sport Public Company Limited Announces Board Changes, Effective February 26, 2026Warrix Sport Public Company Limited announced that Assoc. Prof. Dr. Pasu Decharin, Chairman of the Board of Directors had declared his intention to resign from his position as a Chairman of the Board of Directors, Independent Director and all other positions in the Company's Sub-Committees due to other responsibilities. The resignation is effective from 25 February 2026 onward. The Board of Director's Meeting No. 1/2026, which was held on February 26, 2026, has the resolutions as follows: accept the resignation from the position of Chairman of the Board of Directors, Independent Director and all other positions in the Company's Sub-Committees of Assoc. Prof. Dr. Pasu Decharin due to other responsibilities, effective from 26 February 2026 onward. A resolution was passed to appoint Mr. Potitat Piriyavirut, Independent Director, Chairman of the Audit Committee, Member of the Nomination and Remuneration Committee as the Chairman of the Board of Directors toreplace Assoc. Prof. Dr. Pasu Decharin the Chairman of the Board of Directors who has resigned from the position, effective from February 26, 2026 onward.Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.05 (vs ฿0.25 in FY 2024)Full year 2025 results: EPS: ฿0.05 (down from ฿0.25 in FY 2024). Revenue: ฿1.72b (up 9.0% from FY 2024). Net income: ฿27.4m (down 82% from FY 2024). Profit margin: 1.6% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 28Warrix Sport Public Company Limited announces Annual dividend, payable on May 18, 2026Warrix Sport Public Company Limited announced Annual dividend of THB 0.0563 per share payable on May 18, 2026, ex-date on March 17, 2026 and record date on March 18, 2026.お知らせ • Feb 27Warrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2026Warrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2026, at 10:00 SE Asia Standard Time. Location: physical meeting, warrix sport public company limited, 849/6-8 rama 6 road, wangmai, pathumwan, bangkok 10330, ThailandBoard Change • Dec 18Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. COO & Executive Director Sujeeporn Setthaphinyo was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.092 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.03 (down from ฿0.092 in 3Q 2024). Revenue: ฿463.5m (up 7.2% from 3Q 2024). Net income: ฿15.4m (down 72% from 3Q 2024). Profit margin: 3.3% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿2.12, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Asia. Total loss to shareholders of 39% over the past year.Major Estimate Revision • Aug 23Consensus EPS estimates fall by 43%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.64b to ฿1.52b. EPS estimate also fell from ฿0.216 per share to ฿0.123 per share. Net income forecast to grow 9.6% next year vs 13% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿2.73 to ฿2.09. Share price was steady at ฿1.88 over the past week.New Risk • Aug 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿1.13b market cap, or US$34.7m).Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.88, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Luxury industry in Asia. Total loss to shareholders of 41% over the past year.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.32, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Luxury industry in Asia. Total loss to shareholders of 48% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿4.40 per share.Major Estimate Revision • May 24Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.79b to ฿1.64b. EPS estimate also fell from ฿0.292 per share to ฿0.216 per share. Net income forecast to grow 1.3% next year vs 18% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿4.94 to ฿2.73. Share price fell 7.9% to ฿2.34 over the past week.Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ฿2.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Asia. Total loss to shareholders of 58% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿4.15 per share.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.003 (vs ฿0.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.003 (down from ฿0.03 in 1Q 2024). Revenue: ฿335.2m (flat on 1Q 2024). Net income: ฿1.54m (down 92% from 1Q 2024). Profit margin: 0.5% (down from 6.0% in 1Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia.New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿1.76b market cap, or US$53.0m).Price Target Changed • May 16Price target decreased by 18% to ฿4.06Down from ฿4.93, the current price target is an average from 4 analysts. New target price is 60% above last closing price of ฿2.54. Stock is down 53% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.25 last year.お知らせ • Apr 26Warrix Sport Public Company Limited Approves Dividend Payment for the Operating Period from 01 January 2024 to 31 December 2024, Payable on May 14, 2025W Warrix Sport Public Company Limited at its AGM held on 25 April 2025, approved to pay the dividend to the shareholders from the Company' s operating results (starting from 1 January 2024 to 31 December 2024) at the rate of THB 0.2206 per share, for 589,080,000 shares, totaling to THB 129,951,048. The dividend will be paid to the shareholders whose names appear in the Company's share register book on 20 March 2025 which was determined to be the date on which the recorded shareholders are entitled (Record Date). The dividend payment will be made on 14 May 2025.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ฿2.74, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Luxury industry in Asia. Total loss to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿1.89 per share.Price Target Changed • Mar 05Price target decreased by 7.7% to ฿4.93Down from ฿5.34, the current price target is an average from 4 analysts. New target price is 37% above last closing price of ฿3.60. Stock is down 31% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.Price Target Changed • Mar 03Price target decreased by 10% to ฿5.13Down from ฿5.71, the current price target is an average from 4 analysts. New target price is 46% above last closing price of ฿3.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.お知らせ • Mar 03Warrix Sport Public Company Limited, Annual General Meeting, Apr 25, 2025Warrix Sport Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time.Declared Dividend • Mar 02Dividend increased to ฿0.22Dividend of ฿0.22 is 115% higher than last year. Ex-date: 19th March 2025 Payment date: 14th May 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 01Warrix Sport Public Company Limited Approves Dividend Payment for the Operating Period from 01 January 2024 to 31 December 2024, Payable on May 14, 2025Warrix Sport Public Company Limited at its board meeting held on February 28, 2025, approved a proposal to pay a dividend for the Operating period from 01 January 2024 to 31 December 2024. The dividend payment is set at THB 0.2206 per share for 589,080,000 shares, totaling THB 129,951,048. The dividend will be paid to shareholders whose names appear in the Company's share register book on March 20, 2025, with the payment date set for May 14, 2025. The dividend payment is subject to approval at the Annual General Meeting of Shareholders to be held on April 25, 2025. Ex-dividend date is 19 March 2025.Reported Earnings • Nov 20Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ฿0.09 (up from ฿0.067 in 3Q 2023). Revenue: ฿432.6m (up 31% from 3Q 2023). Net income: ฿54.6m (up 36% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿3.66, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Luxury industry in Asia. Total loss to shareholders of 61% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿1.57 per share.Major Estimate Revision • Aug 22Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.51b to ฿1.53b. EPS estimate fell from ฿0.30 to ฿0.237 per share. Net income forecast to grow 20% next year vs 24% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿7.09 to ฿5.71. Share price rose 22% to ฿4.28 over the past week.Price Target Changed • Aug 17Price target decreased by 9.9% to ฿6.39Down from ฿7.09, the current price target is an average from 4 analysts. New target price is 89% above last closing price of ฿3.38. Stock is down 65% over the past year. The company is forecast to post earnings per share of ฿0.28 for next year compared to ฿0.21 last year.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.035 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.03 (down from ฿0.035 in 2Q 2023). Revenue: ฿355.5m (up 36% from 2Q 2023). Net income: ฿16.8m (down 20% from 2Q 2023). Profit margin: 4.7% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿4.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Luxury industry in Asia. Total loss to shareholders of 54% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿1.66 per share.New Risk • Jul 30New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 2.4% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿2.50b market cap, or US$69.4m).Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.018 in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (up from ฿0.018 in 1Q 2023). Revenue: ฿335.5m (up 30% from 1Q 2023). Net income: ฿20.2m (up 83% from 1Q 2023). Profit margin: 6.0% (up from 4.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.お知らせ • May 15Warrix Sport Public Company Limited Appoints Sujeeporn Setthaphinyo as DirectorWarrix Sport Public Company Limited at its board meeting held on May 14, 2024, has resolved to appoint Miss Sujeeporn Setthaphinyo to the position of Director, replacing Mr. Sa-nga Tangchansiri, the deceased director. She shall serve the remaining terms entitled to the director she replaced, effective from May 14, 2024 onwards.お知らせ • May 08Warrix Sport Public Company Limited Announces Demise of Sa-Nga Tangchansiri, Independent Director, Chairman of the Corporate Governance Committee, and Member of the Nomination and Remuneration CommitteeWarrix Sport Public Company Limited announced that Mr. Sa-nga Tangchansiri, independent director, chairman of the corporate governance committee, and member of the nomination and remuneration committee passed away on May 2, 2024.お知らせ • Apr 27Warrix Sport Public Company Limited Approves Dividend Payment for the Year Ended December 31, 2023, Payable on May 10, 2024Warrix Sport Public Company Limited at its Annual General Meeting of Shareholders held on April 26, 2024, approved to pay the dividend to the shareholders from the Company's operating results (starting from 1 January 2023 to 31 December 2023) at the rate of THB 0.1025 (one zero two five satang) per share, for 589,080,000 shares (five hundred eighty nine million eighty thousand shares), totaling to THB 60,380,700 (sixty million three hundred eighty thousand seven hundred baht). The dividend will be paid to the shareholders whose names appear in the Company's share register book on 14 March 2024 which was determined to be the date on which the recorded shareholders are entitled (Record Date). The dividend payment will be made on 10 May 2024.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Luxury industry in Asia. Total loss to shareholders of 48% over the past year.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿5.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Luxury industry in Asia. Total loss to shareholders of 49% over the past year.Upcoming Dividend • Mar 06Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 10 May 2024. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (6.3%). In line with average of industry peers (4.0%).Declared Dividend • Mar 02Dividend reduced to ฿0.10Dividend of ฿0.10 is 46% lower than last year. Ex-date: 13th March 2024 Payment date: 10th May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (79% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 77% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 01+ 1 more updateWarrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2024Warrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2024. Agenda: To acknowledge the Report of the Board of Directors regarding the operating results of the Company for the year 2023; To consider and approve the financial statements for the fiscal year ended December 31, 2023; To consider and approve the appropriation of the net profit to be legal reserve and the dividend payment for the year 2023; To consider and approve the appointment of directors who retire by rotation to resume their directorship; To consider and approve the determination of the remuneration of the directors for the year 2024; To consider and approve the appointment of the auditors and the determination of the audit fee for the year 2024 and to consider other matters.Reported Earnings • Mar 01Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.21 (down from ฿0.35 in FY 2022). Revenue: ฿1.25b (up 16% from FY 2022). Net income: ฿127.4m (flat on FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in Asia.New Risk • Jan 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.37b (US$95.0m) 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 High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.37b market cap, or US$95.0m).Reported Earnings • Nov 20Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2023 results: EPS: ฿0.067 (down from ฿0.097 in 3Q 2022). Revenue: ฿329.1m (up 10% from 3Q 2022). Net income: ฿40.3m (flat on 3Q 2022). Profit margin: 12% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in Asia.お知らせ • Nov 15Warrix Sport Public Company Limited Announces Board ChangesWarrix Sport Public Company Limited announced the significant resolutions of the Board of Directors' Meeting held on November 14, 2023, as follows: acknowledged the resignation of Mr. Sa-nga Tangchansiri (Independent Director, Audit Committee, Chairman of the Corporate Governance Committee, Nomination and Remuneration Committee) from the Audit Committee. Effective from November 14, 2023 onwards. Resolutions to appoint Mr. Chinnawat Tantiponganant (Independent Director, Corporate Governance Committee) in replace of Mr. Sa-nga Tangchansiri, the Audit Committee who resigned. This appointment will be affective on November 14, 2023 onwards. The Audit Committee consists of: Mr. Potitat Piriyavirut as chairman, Mr. Suphasit Taweejamsup and Mr. Chinnawat Tantiponganant as members.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿6.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Luxury industry in Asia.New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 59% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (59% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.032 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.03. Revenue: ฿262.2m (up 28% from 2Q 2022). Net income: ฿21.0m (up 69% from 2Q 2022). Profit margin: 8.0% (up from 6.0% in 2Q 2022). The increase in margin was driven by higher revenue.Reported Earnings • May 20First quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.062 in 1Q 2022)First quarter 2023 results: EPS: ฿0.02 (down from ฿0.062 in 1Q 2022). Revenue: ฿257.3m (up 33% from 1Q 2022). Net income: ฿11.1m (down 11% from 1Q 2022). Profit margin: 4.3% (down from 6.4% in 1Q 2022). The decrease in margin was driven by higher expenses.お知らせ • May 17Warrix Sport Public Company Limited Approves Executive ChangesWarrix Sport Public Company Limited informed that the Board of Directors meeting held on May 15, 2023 has resolutions as follows: Approved the appointment of new director to replace the resigned director as follows: Approval to appoint Miss Duangjai Promwiset as the director, in replacement of Miss Natthakamon Wongsod who has resigned with effective on May 15, 2023 onwards. Approved the appointment of new company secretary to replace the resigned company secretary as follows: Approval to appoint Miss Hannah Thaveekul as the company secretary, in replacement of Miss Natthakamon Wongsod who has resigned with effective on May 15, 2023 onwards.業績と収益の成長予測SET:WARRIX - 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12/31/20281,80080N/AN/A112/31/20271,94895N/A113212/31/20261,83873N/A116212/31/20251,7172733116N/A9/30/20251,57052-119-37N/A6/30/20251,53991-113-54N/A3/31/20251,574130-92-42N/A12/31/20241,575149-297N/A9/30/20241,526147150182N/A6/30/20241,423132121165N/A3/31/20241,329137105149N/A12/31/20231,251127-76-8N/A9/30/20231,226135-186-114N/A6/30/20231,195136-140-84N/A3/31/20231,139127-314-225N/A12/31/20221,075128-1749N/A9/30/2022930102-1146N/A6/30/202275244-1335N/A3/31/202270430N/AN/AN/A12/31/202165814614N/A12/31/202065513N/AN/AN/A12/31/201970013N/AN/AN/A12/31/201870914N/AN/AN/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: WARRIXの予測収益成長率 (年間31.5% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: WARRIXの収益 ( 31.5% ) はTH市場 ( 11.1% ) よりも速いペースで成長すると予測されています。高成長収益: WARRIXの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: WARRIXの収益 ( 3% ) TH市場 ( 9.7% ) よりも低い成長が予測されています。高い収益成長: WARRIXの収益 ( 3% ) 20%よりも低い成長が予測されています。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: WARRIXの 自己資本利益率 は、3年後には低くなると予測されています ( 5.2 %)。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2026/05/14 12:47終値2026/05/14 00:00収益2025/12/31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Warrix Sport Public Company Limited 2 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。4 アナリスト機関Sasikarn UdomvejDBS Bank LtdAnuwat SrikajornratkulKrungsri Securities Public Company LimitedPannathat LaohatanansarnKrungsri Securities Public Company Limited1 その他のアナリストを表示
Major Estimate Revision • Aug 23Consensus EPS estimates fall by 43%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.64b to ฿1.52b. EPS estimate also fell from ฿0.216 per share to ฿0.123 per share. Net income forecast to grow 9.6% next year vs 13% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿2.73 to ฿2.09. Share price was steady at ฿1.88 over the past week.
Major Estimate Revision • May 24Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.79b to ฿1.64b. EPS estimate also fell from ฿0.292 per share to ฿0.216 per share. Net income forecast to grow 1.3% next year vs 18% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿4.94 to ฿2.73. Share price fell 7.9% to ฿2.34 over the past week.
Price Target Changed • May 16Price target decreased by 18% to ฿4.06Down from ฿4.93, the current price target is an average from 4 analysts. New target price is 60% above last closing price of ฿2.54. Stock is down 53% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.25 last year.
Price Target Changed • Mar 05Price target decreased by 7.7% to ฿4.93Down from ฿5.34, the current price target is an average from 4 analysts. New target price is 37% above last closing price of ฿3.60. Stock is down 31% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.
Price Target Changed • Mar 03Price target decreased by 10% to ฿5.13Down from ฿5.71, the current price target is an average from 4 analysts. New target price is 46% above last closing price of ฿3.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.
Major Estimate Revision • Aug 22Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.51b to ฿1.53b. EPS estimate fell from ฿0.30 to ฿0.237 per share. Net income forecast to grow 20% next year vs 24% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿7.09 to ฿5.71. Share price rose 22% to ฿4.28 over the past week.
お知らせ • Mar 06Warrix Sport Public Company Limited Announces Board Changes, Effective February 26, 2026Warrix Sport Public Company Limited announced that Assoc. Prof. Dr. Pasu Decharin, Chairman of the Board of Directors had declared his intention to resign from his position as a Chairman of the Board of Directors, Independent Director and all other positions in the Company's Sub-Committees due to other responsibilities. The resignation is effective from 25 February 2026 onward. The Board of Director's Meeting No. 1/2026, which was held on February 26, 2026, has the resolutions as follows: accept the resignation from the position of Chairman of the Board of Directors, Independent Director and all other positions in the Company's Sub-Committees of Assoc. Prof. Dr. Pasu Decharin due to other responsibilities, effective from 26 February 2026 onward. A resolution was passed to appoint Mr. Potitat Piriyavirut, Independent Director, Chairman of the Audit Committee, Member of the Nomination and Remuneration Committee as the Chairman of the Board of Directors toreplace Assoc. Prof. Dr. Pasu Decharin the Chairman of the Board of Directors who has resigned from the position, effective from February 26, 2026 onward.
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.05 (vs ฿0.25 in FY 2024)Full year 2025 results: EPS: ฿0.05 (down from ฿0.25 in FY 2024). Revenue: ฿1.72b (up 9.0% from FY 2024). Net income: ฿27.4m (down 82% from FY 2024). Profit margin: 1.6% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 28Warrix Sport Public Company Limited announces Annual dividend, payable on May 18, 2026Warrix Sport Public Company Limited announced Annual dividend of THB 0.0563 per share payable on May 18, 2026, ex-date on March 17, 2026 and record date on March 18, 2026.
お知らせ • Feb 27Warrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2026Warrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2026, at 10:00 SE Asia Standard Time. Location: physical meeting, warrix sport public company limited, 849/6-8 rama 6 road, wangmai, pathumwan, bangkok 10330, Thailand
Board Change • Dec 18Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. COO & Executive Director Sujeeporn Setthaphinyo was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.092 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.03 (down from ฿0.092 in 3Q 2024). Revenue: ฿463.5m (up 7.2% from 3Q 2024). Net income: ฿15.4m (down 72% from 3Q 2024). Profit margin: 3.3% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿2.12, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Asia. Total loss to shareholders of 39% over the past year.
Major Estimate Revision • Aug 23Consensus EPS estimates fall by 43%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.64b to ฿1.52b. EPS estimate also fell from ฿0.216 per share to ฿0.123 per share. Net income forecast to grow 9.6% next year vs 13% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿2.73 to ฿2.09. Share price was steady at ฿1.88 over the past week.
New Risk • Aug 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿1.13b market cap, or US$34.7m).
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.88, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Luxury industry in Asia. Total loss to shareholders of 41% over the past year.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.32, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Luxury industry in Asia. Total loss to shareholders of 48% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿4.40 per share.
Major Estimate Revision • May 24Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.79b to ฿1.64b. EPS estimate also fell from ฿0.292 per share to ฿0.216 per share. Net income forecast to grow 1.3% next year vs 18% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿4.94 to ฿2.73. Share price fell 7.9% to ฿2.34 over the past week.
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ฿2.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Asia. Total loss to shareholders of 58% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿4.15 per share.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.003 (vs ฿0.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.003 (down from ฿0.03 in 1Q 2024). Revenue: ฿335.2m (flat on 1Q 2024). Net income: ฿1.54m (down 92% from 1Q 2024). Profit margin: 0.5% (down from 6.0% in 1Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia.
New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿1.76b market cap, or US$53.0m).
Price Target Changed • May 16Price target decreased by 18% to ฿4.06Down from ฿4.93, the current price target is an average from 4 analysts. New target price is 60% above last closing price of ฿2.54. Stock is down 53% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.25 last year.
お知らせ • Apr 26Warrix Sport Public Company Limited Approves Dividend Payment for the Operating Period from 01 January 2024 to 31 December 2024, Payable on May 14, 2025W Warrix Sport Public Company Limited at its AGM held on 25 April 2025, approved to pay the dividend to the shareholders from the Company' s operating results (starting from 1 January 2024 to 31 December 2024) at the rate of THB 0.2206 per share, for 589,080,000 shares, totaling to THB 129,951,048. The dividend will be paid to the shareholders whose names appear in the Company's share register book on 20 March 2025 which was determined to be the date on which the recorded shareholders are entitled (Record Date). The dividend payment will be made on 14 May 2025.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ฿2.74, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Luxury industry in Asia. Total loss to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿1.89 per share.
Price Target Changed • Mar 05Price target decreased by 7.7% to ฿4.93Down from ฿5.34, the current price target is an average from 4 analysts. New target price is 37% above last closing price of ฿3.60. Stock is down 31% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.
Price Target Changed • Mar 03Price target decreased by 10% to ฿5.13Down from ฿5.71, the current price target is an average from 4 analysts. New target price is 46% above last closing price of ฿3.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.21 last year.
お知らせ • Mar 03Warrix Sport Public Company Limited, Annual General Meeting, Apr 25, 2025Warrix Sport Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time.
Declared Dividend • Mar 02Dividend increased to ฿0.22Dividend of ฿0.22 is 115% higher than last year. Ex-date: 19th March 2025 Payment date: 14th May 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 01Warrix Sport Public Company Limited Approves Dividend Payment for the Operating Period from 01 January 2024 to 31 December 2024, Payable on May 14, 2025Warrix Sport Public Company Limited at its board meeting held on February 28, 2025, approved a proposal to pay a dividend for the Operating period from 01 January 2024 to 31 December 2024. The dividend payment is set at THB 0.2206 per share for 589,080,000 shares, totaling THB 129,951,048. The dividend will be paid to shareholders whose names appear in the Company's share register book on March 20, 2025, with the payment date set for May 14, 2025. The dividend payment is subject to approval at the Annual General Meeting of Shareholders to be held on April 25, 2025. Ex-dividend date is 19 March 2025.
Reported Earnings • Nov 20Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ฿0.09 (up from ฿0.067 in 3Q 2023). Revenue: ฿432.6m (up 31% from 3Q 2023). Net income: ฿54.6m (up 36% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿3.66, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Luxury industry in Asia. Total loss to shareholders of 61% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿1.57 per share.
Major Estimate Revision • Aug 22Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.51b to ฿1.53b. EPS estimate fell from ฿0.30 to ฿0.237 per share. Net income forecast to grow 20% next year vs 24% growth forecast for Luxury industry in Thailand. Consensus price target down from ฿7.09 to ฿5.71. Share price rose 22% to ฿4.28 over the past week.
Price Target Changed • Aug 17Price target decreased by 9.9% to ฿6.39Down from ฿7.09, the current price target is an average from 4 analysts. New target price is 89% above last closing price of ฿3.38. Stock is down 65% over the past year. The company is forecast to post earnings per share of ฿0.28 for next year compared to ฿0.21 last year.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.035 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.03 (down from ฿0.035 in 2Q 2023). Revenue: ฿355.5m (up 36% from 2Q 2023). Net income: ฿16.8m (down 20% from 2Q 2023). Profit margin: 4.7% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿4.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Luxury industry in Asia. Total loss to shareholders of 54% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿1.66 per share.
New Risk • Jul 30New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 2.4% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿2.50b market cap, or US$69.4m).
Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.018 in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (up from ฿0.018 in 1Q 2023). Revenue: ฿335.5m (up 30% from 1Q 2023). Net income: ฿20.2m (up 83% from 1Q 2023). Profit margin: 6.0% (up from 4.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia.
お知らせ • May 15Warrix Sport Public Company Limited Appoints Sujeeporn Setthaphinyo as DirectorWarrix Sport Public Company Limited at its board meeting held on May 14, 2024, has resolved to appoint Miss Sujeeporn Setthaphinyo to the position of Director, replacing Mr. Sa-nga Tangchansiri, the deceased director. She shall serve the remaining terms entitled to the director she replaced, effective from May 14, 2024 onwards.
お知らせ • May 08Warrix Sport Public Company Limited Announces Demise of Sa-Nga Tangchansiri, Independent Director, Chairman of the Corporate Governance Committee, and Member of the Nomination and Remuneration CommitteeWarrix Sport Public Company Limited announced that Mr. Sa-nga Tangchansiri, independent director, chairman of the corporate governance committee, and member of the nomination and remuneration committee passed away on May 2, 2024.
お知らせ • Apr 27Warrix Sport Public Company Limited Approves Dividend Payment for the Year Ended December 31, 2023, Payable on May 10, 2024Warrix Sport Public Company Limited at its Annual General Meeting of Shareholders held on April 26, 2024, approved to pay the dividend to the shareholders from the Company's operating results (starting from 1 January 2023 to 31 December 2023) at the rate of THB 0.1025 (one zero two five satang) per share, for 589,080,000 shares (five hundred eighty nine million eighty thousand shares), totaling to THB 60,380,700 (sixty million three hundred eighty thousand seven hundred baht). The dividend will be paid to the shareholders whose names appear in the Company's share register book on 14 March 2024 which was determined to be the date on which the recorded shareholders are entitled (Record Date). The dividend payment will be made on 10 May 2024.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Luxury industry in Asia. Total loss to shareholders of 48% over the past year.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿5.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Luxury industry in Asia. Total loss to shareholders of 49% over the past year.
Upcoming Dividend • Mar 06Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 10 May 2024. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (6.3%). In line with average of industry peers (4.0%).
Declared Dividend • Mar 02Dividend reduced to ฿0.10Dividend of ฿0.10 is 46% lower than last year. Ex-date: 13th March 2024 Payment date: 10th May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (79% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 77% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 01+ 1 more updateWarrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2024Warrix Sport Public Company Limited, Annual General Meeting, Apr 26, 2024. Agenda: To acknowledge the Report of the Board of Directors regarding the operating results of the Company for the year 2023; To consider and approve the financial statements for the fiscal year ended December 31, 2023; To consider and approve the appropriation of the net profit to be legal reserve and the dividend payment for the year 2023; To consider and approve the appointment of directors who retire by rotation to resume their directorship; To consider and approve the determination of the remuneration of the directors for the year 2024; To consider and approve the appointment of the auditors and the determination of the audit fee for the year 2024 and to consider other matters.
Reported Earnings • Mar 01Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.21 (down from ฿0.35 in FY 2022). Revenue: ฿1.25b (up 16% from FY 2022). Net income: ฿127.4m (flat on FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in Asia.
New Risk • Jan 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.37b (US$95.0m) 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 High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.37b market cap, or US$95.0m).
Reported Earnings • Nov 20Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2023 results: EPS: ฿0.067 (down from ฿0.097 in 3Q 2022). Revenue: ฿329.1m (up 10% from 3Q 2022). Net income: ฿40.3m (flat on 3Q 2022). Profit margin: 12% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in Asia.
お知らせ • Nov 15Warrix Sport Public Company Limited Announces Board ChangesWarrix Sport Public Company Limited announced the significant resolutions of the Board of Directors' Meeting held on November 14, 2023, as follows: acknowledged the resignation of Mr. Sa-nga Tangchansiri (Independent Director, Audit Committee, Chairman of the Corporate Governance Committee, Nomination and Remuneration Committee) from the Audit Committee. Effective from November 14, 2023 onwards. Resolutions to appoint Mr. Chinnawat Tantiponganant (Independent Director, Corporate Governance Committee) in replace of Mr. Sa-nga Tangchansiri, the Audit Committee who resigned. This appointment will be affective on November 14, 2023 onwards. The Audit Committee consists of: Mr. Potitat Piriyavirut as chairman, Mr. Suphasit Taweejamsup and Mr. Chinnawat Tantiponganant as members.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿6.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Luxury industry in Asia.
New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 59% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (59% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.032 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.03. Revenue: ฿262.2m (up 28% from 2Q 2022). Net income: ฿21.0m (up 69% from 2Q 2022). Profit margin: 8.0% (up from 6.0% in 2Q 2022). The increase in margin was driven by higher revenue.
Reported Earnings • May 20First quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.062 in 1Q 2022)First quarter 2023 results: EPS: ฿0.02 (down from ฿0.062 in 1Q 2022). Revenue: ฿257.3m (up 33% from 1Q 2022). Net income: ฿11.1m (down 11% from 1Q 2022). Profit margin: 4.3% (down from 6.4% in 1Q 2022). The decrease in margin was driven by higher expenses.
お知らせ • May 17Warrix Sport Public Company Limited Approves Executive ChangesWarrix Sport Public Company Limited informed that the Board of Directors meeting held on May 15, 2023 has resolutions as follows: Approved the appointment of new director to replace the resigned director as follows: Approval to appoint Miss Duangjai Promwiset as the director, in replacement of Miss Natthakamon Wongsod who has resigned with effective on May 15, 2023 onwards. Approved the appointment of new company secretary to replace the resigned company secretary as follows: Approval to appoint Miss Hannah Thaveekul as the company secretary, in replacement of Miss Natthakamon Wongsod who has resigned with effective on May 15, 2023 onwards.