View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCP Axtra 将来の成長Future 基準チェック /26CP Axtra利益と収益がそれぞれ年間15.9%と5.1%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4.5% 16%なると予測されています。主要情報15.9%収益成長率15.98%EPS成長率Consumer Retailing 収益成長16.0%収益成長率5.1%将来の株主資本利益率4.47%アナリストカバレッジGood最終更新日30 Sep 2024今後の成長に関する最新情報Major Estimate Revision • Aug 16Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿486.8b to ฿493.8b. EPS estimate increased from ฿0.80 to ฿0.918 per share. Net income forecast to grow 43% next year vs 31% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿38.99. Share price rose 8.6% to ฿34.75 over the past week.Major Estimate Revision • Aug 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.03 to ฿0.92 per share. Revenue forecast steady at ฿462.4b. Net income forecast to shrink 23% next year vs 39% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿44.68. Share price was steady at ฿34.50 over the past week.Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.98 to ฿1.08. Revenue forecast steady at ฿459.9b. Net income forecast to shrink 5.6% next year vs 44% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿47.57. Share price was steady at ฿35.25 over the past week.Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ฿1.04 to ฿0.87 per share. Revenue forecast steady at ฿257.4b. Net income forecast to grow 62% next year vs 20% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿48.68. Share price was steady at ฿38.75 over the past week.Major Estimate Revision • Jan 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿0.88 to ฿1.04. Revenue forecast steady at ฿256.7b. Net income forecast to grow 67% next year vs 22% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.85. Share price was steady at ฿40.75 over the past week.Major Estimate Revision • Jan 04Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 consensus EPS estimate fell from ฿1.60 to ฿1.43. Revenue forecast reaffirmed at ฿223.6b. Net income forecast to grow 36% next year vs 21% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.60. Share price rose 3.8% to ฿41.50 over the past week.すべての更新を表示Recent updatesお知らせ • Sep 24Cp Axtra Public Company Limited Announces Board AppointmentsCP Axtra Public Company Limited announced that Joint Shareholders Meeting between the shareholders of the Company and the shareholders of Ek-Chai Distribution System Company Limited held on 23 September 2024 at 2.00 p.m. through electronic means (E-Meeting), pursuant to the specified criteria and under the law governing meetings via electronic means, passed the resolutions and appointed Mr. Auttapol Rerkpiboon as Independent Director, Dr. Teerapon Tanomsakyut as Director, and Mr. Tanit Chearavanont as Director of new company formed as a result of the amalgamation between the Company and Ek-Chai.Buy Or Sell Opportunity • Aug 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.7% to ฿30.25. The fair value is estimated to be ฿24.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.Declared Dividend • Aug 10First half dividend of ฿0.18 announcedDividend of ฿0.18 is the same as last year. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.14 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.21 (up from ฿0.14 in 2Q 2023). Revenue: ฿127.0b (up 5.0% from 2Q 2023). Net income: ฿2.18b (up 44% from 2Q 2023). Profit margin: 1.7% (up from 1.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Aug 09Cp Axtra Public Company Limited Announces Cash Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on September 6, 2024CP Axtra Public Company Limited announced cash dividend of THB 0.18 per share for the operating period from January 1, 2024 to June 30, 2024. Record date: August 23, 2024, Ex-dividend date August 22, 2024 and Payment date is September 6, 2024.お知らせ • Aug 01CP Axtra Public Company Limited to Report Q2, 2024 Results on Aug 08, 2024CP Axtra Public Company Limited announced that they will report Q2, 2024 results on Aug 08, 2024お知らせ • Jul 31CP Axtra Public Company Limited to Report Q3, 2024 Results on Nov 07, 2024CP Axtra Public Company Limited announced that they will report Q3, 2024 results on Nov 07, 2024Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.23 (vs ฿0.20 in 1Q 2023)First quarter 2024 results: EPS: ฿0.23 (up from ฿0.20 in 1Q 2023). Revenue: ฿127.0b (up 6.7% from 1Q 2023). Net income: ฿2.48b (up 15% from 1Q 2023). Profit margin: 2.0% (up from 1.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Mar 30Cp Axtra Public Company Limited Approves Dividend for the Year 2023, Payable on 29 April 2024CP Axtra Public Company Limited approved the 2023 dividend payment of THB 0.57 per share, for the total dividend amount of THB 6,031 million, representing 70% of the net profit based on the consolidated financial statements, which is in compliance with the Company's dividend policy; when deducting the interim dividend at the rate of THB 0.18 per share paid on 6 September 2023 by the Company, the remaining dividend will be paid is THB 0.39 per share for the total amount of THB 4,127 million payable to the shareholders whose name appear on the list as of the date to determine the shareholders who are entitled to receive dividend (Record Date) on 9 April 2024. The final dividend will be paid on 29 April 2024.Upcoming Dividend • Mar 29Upcoming dividend of ฿0.39 per shareEligible shareholders must have bought the stock before 05 April 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (2.0%).New Risk • Feb 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Feb 15CP Axtra Public Company Limited, Annual General Meeting, Mar 29, 2024CP Axtra Public Company Limited, Annual General Meeting, Mar 29, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the Company’s performance for the year 2023; to consider and approve the financial statements for the year ended 31 December 2023; to consider and approve the allocation of profit and dividend payment for the year 2023; to consider and approve the election of the Company’s directors to replace directors who will be retired by rotation for the year 2024; to consider and approve the increase in the number of directors from 15 persons to 18 persons and the election of additional directors; and to transact other business.Reported Earnings • Feb 15Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: ฿0.82 (up from ฿0.73 in FY 2022). Revenue: ฿489.9b (up 5.1% from FY 2022). Net income: ฿8.64b (up 12% from FY 2022). Profit margin: 1.8% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Feb 14Cp Axtra Public Company Limited Approves Dividend for the Year 2023, Payable on 29 April 2024CP Axtra Public Company Limited approve the payment of dividend for the year 2023 at the rate of THB 0.57 per share for the total dividend amount of THB 6,031 million, representing 70% of net profit based on the consolidated financial statements; when deducting the interim dividend at the rate of THB 0.18 per share paid on 6 September 2023 by the Company, the remaining dividend will be paid is THB 0.39 per share for the total amount of THB 4,127 million payable to the shareholders whose name appear on the list as of the date to determine the shareholders who are entitled to receive dividend (Record Date) on 9 April 2024. The final dividend will be paid on 29 April 2024.Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: ฿0.16 (up from ฿0.15 in 3Q 2022). Revenue: ฿119.5b (up 3.9% from 3Q 2022). Net income: ฿1.68b (up 4.7% from 3Q 2022). Profit margin: 1.4% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Aug 16Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿486.8b to ฿493.8b. EPS estimate increased from ฿0.80 to ฿0.918 per share. Net income forecast to grow 43% next year vs 31% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿38.99. Share price rose 8.6% to ฿34.75 over the past week.Upcoming Dividend • Aug 15Upcoming dividend of ฿0.18 per share at 1.6% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Thai dividend payers (6.4%). In line with average of industry peers (1.5%).お知らせ • Aug 08+ 1 more updateCp Axtra Public Company Limited Announces Cash Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 06 September 2023CP Axtra Public Company Limited announced cash dividend of THB 0.18 per share, THB 0.50 Par value for the period from 01 January 2023 to 30 June 2023. Record date: 22 August 2023, Ex-dividend date 21 August 2023 and Payment date 06 September 2023.Reported Earnings • Aug 08Second quarter 2023 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2023 results: EPS: ฿0.14 (down from ฿0.15 in 2Q 2022). Revenue: ฿121.6b (up 3.1% from 2Q 2022). Net income: ฿1.52b (down 3.6% from 2Q 2022). Profit margin: 1.2% (down from 1.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.お知らせ • Jun 23CP Axtra Public Company Limited Appoints Mrs. Saowaluck Thithapant, as Company SecretaryCP Axtra Public Company Limited informed that the Board of Directors' Meeting No.5/2023 held on 22 June 2023 has resolved to appoint Mrs. Saowaluck Thithapant, Director, Group Chief Executive Officer - Makro Business and Group Chief Financial Officer as the Company Secretary. The appointment will be effective on 22 June 2023 onwards.Reported Earnings • May 09First quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.19 in 1Q 2022)First quarter 2023 results: EPS: ฿0.20 (up from ฿0.19 in 1Q 2022). Revenue: ฿120.2b (up 8.5% from 1Q 2022). Net income: ฿2.17b (up 5.6% from 1Q 2022). Profit margin: 1.8% (down from 1.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 20Upcoming dividend of ฿0.33 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 April 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 70% and the cash payout ratio is 90%. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (1.4%).Reported Earnings • Feb 22Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: ฿0.73 (down from ฿2.38 in FY 2021). Revenue: ฿469.1b (up 77% from FY 2021). Net income: ฿7.70b (down 44% from FY 2021). Profit margin: 1.6% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ฿0.15. Revenue: ฿115.0b (up 110% from 3Q 2021). Net income: ฿1.60b (up 1.9% from 3Q 2021). Profit margin: 1.4% (down from 2.9% in 3Q 2021). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Retailing industry in Thailand.Reported Earnings • Nov 13Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ฿0.15. Revenue: ฿115.6b (up 111% from 3Q 2021). Net income: ฿1.60b (up 1.9% from 3Q 2021). Profit margin: 1.4% (down from 2.9% in 3Q 2021). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Retailing industry in Thailand.Buying Opportunity • Oct 03Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.6%. The fair value is estimated to be ฿41.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 2.1% in the next 2 years.Upcoming Dividend • Aug 15Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 22 August 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (5.5%). In line with average of industry peers (1.2%).Reported Earnings • Aug 14Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ฿0.15. Revenue: ฿117.9b (up 115% from 2Q 2021). Net income: ฿1.57b (up 22% from 2Q 2021). Profit margin: 1.3% (down from 2.3% in 2Q 2021). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 24%, compared to a 26% growth forecast for the industry in Thailand.Major Estimate Revision • Aug 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.03 to ฿0.92 per share. Revenue forecast steady at ฿462.4b. Net income forecast to shrink 23% next year vs 39% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿44.68. Share price was steady at ฿34.50 over the past week.Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.98 to ฿1.08. Revenue forecast steady at ฿459.9b. Net income forecast to shrink 5.6% next year vs 44% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿47.57. Share price was steady at ฿35.25 over the past week.Reported Earnings • May 11First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: ฿0.19. Revenue: ฿111.2b (up 99% from 1Q 2021). Net income: ฿2.05b (up 18% from 1Q 2021). Profit margin: 1.8% (down from 3.1% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 48%, compared to a 47% growth forecast for the industry in Thailand.Buying Opportunity • Mar 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.4%. The fair value is estimated to be ฿51.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% per annum over the last 3 years. Earnings per share has grown by 14% per annum over the last 3 years.Upcoming Dividend • Feb 24Upcoming dividend of ฿0.32 per shareEligible shareholders must have bought the stock before 03 March 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (1.6%).Reported Earnings • Feb 20Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿2.38 (up from ฿1.37 in FY 2020). Revenue: ฿266.4b (up 22% from FY 2020). Net income: ฿13.7b (up 109% from FY 2020). Profit margin: 5.1% (up from 3.0% in FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 193%. Over the next year, revenue is forecast to grow 69%, compared to a 45% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ฿1.04 to ฿0.87 per share. Revenue forecast steady at ฿257.4b. Net income forecast to grow 62% next year vs 20% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿48.68. Share price was steady at ฿38.75 over the past week.Buying Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be ฿48.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% per annum over the last 3 years. Earnings per share has grown by 5.1% per annum over the last 3 years.Major Estimate Revision • Jan 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿0.88 to ฿1.04. Revenue forecast steady at ฿256.7b. Net income forecast to grow 67% next year vs 22% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.85. Share price was steady at ฿40.75 over the past week.Major Estimate Revision • Jan 04Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 consensus EPS estimate fell from ฿1.60 to ฿1.43. Revenue forecast reaffirmed at ฿223.6b. Net income forecast to grow 36% next year vs 21% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.60. Share price rose 3.8% to ฿41.50 over the past week.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ฿0.33 (vs ฿0.33 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: ฿55.4b (up 2.9% from 3Q 2020). Net income: ฿1.57b (flat on 3Q 2020). Profit margin: 2.8% (down from 2.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿50.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Consumer Retailing industry in Asia. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿32.79 per share.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 24 August 2021. Payment date: 08 September 2021. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.9%).Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS ฿0.27 (vs ฿0.25 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿55.2b (up 8.0% from 2Q 2020). Net income: ฿1.29b (up 9.1% from 2Q 2020). Profit margin: 2.3% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.36 (vs ฿0.35 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ฿56.1b (flat on 1Q 2020). Net income: ฿1.73b (up 3.1% from 1Q 2020). Profit margin: 3.1% (up from 3.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 22New 90-day low: ฿35.75The company is down 10.0% from its price of ฿39.75 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿28.67 per share.Reported Earnings • Feb 20Full year 2020 earnings released: EPS ฿1.37 (vs ฿1.30 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿218.8b (up 4.3% from FY 2019). Net income: ฿6.56b (up 5.1% from FY 2019). Profit margin: 3.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 20Revenue behind estimatesRevenue missed analyst estimates by 0.04%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 6.5%, compared to a 13% growth forecast for the Consumer Retailing industry in Thailand.Is New 90 Day High Low • Feb 05New 90-day low: ฿37.00The company is down 10.0% from its price of ฿41.00 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿27.72 per share.Is New 90 Day High Low • Dec 21New 90-day low: ฿38.50The company is down 14% from its price of ฿45.00 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿25.92 per share.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.33The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿54.1b (up 6.5% from 3Q 2019). Net income: ฿1.57b (up 6.1% from 3Q 2019). Profit margin: 2.9% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.Analyst Estimate Surprise Post Earnings • Nov 11Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 6.8%, compared to a 9.1% growth forecast for the Consumer Retailing industry in Thailand.Is New 90 Day High Low • Nov 03New 90-day low: ฿39.25The company is down 4.0% from its price of ฿41.00 on 05 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿26.10 per share.Is New 90 Day High Low • Oct 16New 90-day low: ฿39.50The company is down 9.0% from its price of ฿43.50 on 17 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿26.88 per share.Is New 90 Day High Low • Sep 18New 90-day high: ฿46.00The company is up 26% from its price of ฿36.50 on 19 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿26.88 per share.業績と収益の成長予測SET:CPAXTT - 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12/31/2026564,77014,34415,85832,4901012/31/2025535,32012,41312,65029,8251212/31/2024506,75810,65811,19328,801116/30/2024498,8549,61621,78834,885N/A3/31/2024493,5408,95622,02134,688N/A12/31/2023486,4728,64021,88434,863N/A9/30/2023481,2447,83019,27331,791N/A6/30/2023477,3707,7552,59415,521N/A3/31/2023474,3937,8124,95419,737N/A12/31/2022466,0827,6975,86322,014N/A9/30/2022443,47814,3193,02517,811N/A6/30/2022383,32814,28910,87623,072N/A3/31/2022320,20614,0037,39515,573N/A12/31/2021265,39813,68713,31016,769N/A9/30/2021222,7536,7237,6869,570N/A6/30/2021221,8116,7239,49611,315N/A3/31/2021218,0796,61610,88612,776N/A12/31/2020218,2596,56311,23013,353N/A9/30/2020216,6746,49210,67113,326N/A6/30/2020213,5886,4028,67211,659N/A3/31/2020214,3156,4077,61710,637N/A12/31/2019209,7726,2457,16010,270N/A9/30/2019205,2606,0306,4579,792N/A6/30/2019201,2475,9045,5048,888N/A3/31/2019195,5725,8335,4698,676N/A12/31/2018191,9975,9423,2576,154N/A9/30/2018189,5655,9763,8926,640N/A6/30/2018188,4476,0656,4809,510N/A3/31/2018187,5206,183N/A11,237N/A12/31/2017185,8046,178N/A11,928N/A9/30/2017181,9525,918N/A10,817N/A6/30/2017178,3375,879N/A9,138N/A3/31/2017176,0355,781N/A9,276N/A12/31/2016172,0935,413N/A9,071N/A9/30/2016167,7445,218N/A7,819N/A6/30/2016162,9685,057N/A7,106N/A3/31/2016158,0005,093N/A6,008N/A12/31/2015155,2175,378N/A6,701N/A9/30/2015152,9045,472N/A8,430N/A6/30/2015149,3845,308N/A8,452N/A3/31/2015146,0455,191N/A8,382N/A12/31/2014141,8284,922N/A7,661N/A9/30/2014139,0554,710N/A6,075N/A6/30/2014136,5564,652N/A6,331N/A3/31/2014133,5464,559N/A4,232N/A12/31/2013129,6444,299N/A5,306N/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: CPAXTTの予測収益成長率 (年間15.9% ) は 貯蓄率 ( 2% ) を上回っています。収益対市場: CPAXTTの収益 ( 15.9% ) はTH市場 ( 10.3% ) 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: CPAXTTの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: CPAXTTの収益 ( 5.1% ) TH市場 ( 9.6% ) よりも低い成長が予測されています。高い収益成長: CPAXTTの収益 ( 5.1% ) 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: CPAXTT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 ( 4.5 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-retailing 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2024/10/02 01:31終値2024/10/02 00:00収益2024/06/30年間収益2023/12/31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CP Axtra Public Company Limited 14 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。33 アナリスト機関Anuwat SrikajornratkulAsia Plus Securities Company LimitedSirichai ChalokepunratBofA Global ResearchChaiyatorn SricharoenBualuang Securities PCL30 その他のアナリストを表示
Major Estimate Revision • Aug 16Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿486.8b to ฿493.8b. EPS estimate increased from ฿0.80 to ฿0.918 per share. Net income forecast to grow 43% next year vs 31% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿38.99. Share price rose 8.6% to ฿34.75 over the past week.
Major Estimate Revision • Aug 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.03 to ฿0.92 per share. Revenue forecast steady at ฿462.4b. Net income forecast to shrink 23% next year vs 39% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿44.68. Share price was steady at ฿34.50 over the past week.
Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.98 to ฿1.08. Revenue forecast steady at ฿459.9b. Net income forecast to shrink 5.6% next year vs 44% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿47.57. Share price was steady at ฿35.25 over the past week.
Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ฿1.04 to ฿0.87 per share. Revenue forecast steady at ฿257.4b. Net income forecast to grow 62% next year vs 20% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿48.68. Share price was steady at ฿38.75 over the past week.
Major Estimate Revision • Jan 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿0.88 to ฿1.04. Revenue forecast steady at ฿256.7b. Net income forecast to grow 67% next year vs 22% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.85. Share price was steady at ฿40.75 over the past week.
Major Estimate Revision • Jan 04Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 consensus EPS estimate fell from ฿1.60 to ฿1.43. Revenue forecast reaffirmed at ฿223.6b. Net income forecast to grow 36% next year vs 21% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.60. Share price rose 3.8% to ฿41.50 over the past week.
お知らせ • Sep 24Cp Axtra Public Company Limited Announces Board AppointmentsCP Axtra Public Company Limited announced that Joint Shareholders Meeting between the shareholders of the Company and the shareholders of Ek-Chai Distribution System Company Limited held on 23 September 2024 at 2.00 p.m. through electronic means (E-Meeting), pursuant to the specified criteria and under the law governing meetings via electronic means, passed the resolutions and appointed Mr. Auttapol Rerkpiboon as Independent Director, Dr. Teerapon Tanomsakyut as Director, and Mr. Tanit Chearavanont as Director of new company formed as a result of the amalgamation between the Company and Ek-Chai.
Buy Or Sell Opportunity • Aug 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.7% to ฿30.25. The fair value is estimated to be ฿24.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
Declared Dividend • Aug 10First half dividend of ฿0.18 announcedDividend of ฿0.18 is the same as last year. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.14 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.21 (up from ฿0.14 in 2Q 2023). Revenue: ฿127.0b (up 5.0% from 2Q 2023). Net income: ฿2.18b (up 44% from 2Q 2023). Profit margin: 1.7% (up from 1.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 09Cp Axtra Public Company Limited Announces Cash Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on September 6, 2024CP Axtra Public Company Limited announced cash dividend of THB 0.18 per share for the operating period from January 1, 2024 to June 30, 2024. Record date: August 23, 2024, Ex-dividend date August 22, 2024 and Payment date is September 6, 2024.
お知らせ • Aug 01CP Axtra Public Company Limited to Report Q2, 2024 Results on Aug 08, 2024CP Axtra Public Company Limited announced that they will report Q2, 2024 results on Aug 08, 2024
お知らせ • Jul 31CP Axtra Public Company Limited to Report Q3, 2024 Results on Nov 07, 2024CP Axtra Public Company Limited announced that they will report Q3, 2024 results on Nov 07, 2024
Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.23 (vs ฿0.20 in 1Q 2023)First quarter 2024 results: EPS: ฿0.23 (up from ฿0.20 in 1Q 2023). Revenue: ฿127.0b (up 6.7% from 1Q 2023). Net income: ฿2.48b (up 15% from 1Q 2023). Profit margin: 2.0% (up from 1.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 30Cp Axtra Public Company Limited Approves Dividend for the Year 2023, Payable on 29 April 2024CP Axtra Public Company Limited approved the 2023 dividend payment of THB 0.57 per share, for the total dividend amount of THB 6,031 million, representing 70% of the net profit based on the consolidated financial statements, which is in compliance with the Company's dividend policy; when deducting the interim dividend at the rate of THB 0.18 per share paid on 6 September 2023 by the Company, the remaining dividend will be paid is THB 0.39 per share for the total amount of THB 4,127 million payable to the shareholders whose name appear on the list as of the date to determine the shareholders who are entitled to receive dividend (Record Date) on 9 April 2024. The final dividend will be paid on 29 April 2024.
Upcoming Dividend • Mar 29Upcoming dividend of ฿0.39 per shareEligible shareholders must have bought the stock before 05 April 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (2.0%).
New Risk • Feb 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Feb 15CP Axtra Public Company Limited, Annual General Meeting, Mar 29, 2024CP Axtra Public Company Limited, Annual General Meeting, Mar 29, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the Company’s performance for the year 2023; to consider and approve the financial statements for the year ended 31 December 2023; to consider and approve the allocation of profit and dividend payment for the year 2023; to consider and approve the election of the Company’s directors to replace directors who will be retired by rotation for the year 2024; to consider and approve the increase in the number of directors from 15 persons to 18 persons and the election of additional directors; and to transact other business.
Reported Earnings • Feb 15Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: ฿0.82 (up from ฿0.73 in FY 2022). Revenue: ฿489.9b (up 5.1% from FY 2022). Net income: ฿8.64b (up 12% from FY 2022). Profit margin: 1.8% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 14Cp Axtra Public Company Limited Approves Dividend for the Year 2023, Payable on 29 April 2024CP Axtra Public Company Limited approve the payment of dividend for the year 2023 at the rate of THB 0.57 per share for the total dividend amount of THB 6,031 million, representing 70% of net profit based on the consolidated financial statements; when deducting the interim dividend at the rate of THB 0.18 per share paid on 6 September 2023 by the Company, the remaining dividend will be paid is THB 0.39 per share for the total amount of THB 4,127 million payable to the shareholders whose name appear on the list as of the date to determine the shareholders who are entitled to receive dividend (Record Date) on 9 April 2024. The final dividend will be paid on 29 April 2024.
Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: ฿0.16 (up from ฿0.15 in 3Q 2022). Revenue: ฿119.5b (up 3.9% from 3Q 2022). Net income: ฿1.68b (up 4.7% from 3Q 2022). Profit margin: 1.4% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Aug 16Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿486.8b to ฿493.8b. EPS estimate increased from ฿0.80 to ฿0.918 per share. Net income forecast to grow 43% next year vs 31% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿38.99. Share price rose 8.6% to ฿34.75 over the past week.
Upcoming Dividend • Aug 15Upcoming dividend of ฿0.18 per share at 1.6% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Thai dividend payers (6.4%). In line with average of industry peers (1.5%).
お知らせ • Aug 08+ 1 more updateCp Axtra Public Company Limited Announces Cash Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 06 September 2023CP Axtra Public Company Limited announced cash dividend of THB 0.18 per share, THB 0.50 Par value for the period from 01 January 2023 to 30 June 2023. Record date: 22 August 2023, Ex-dividend date 21 August 2023 and Payment date 06 September 2023.
Reported Earnings • Aug 08Second quarter 2023 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2023 results: EPS: ฿0.14 (down from ฿0.15 in 2Q 2022). Revenue: ฿121.6b (up 3.1% from 2Q 2022). Net income: ฿1.52b (down 3.6% from 2Q 2022). Profit margin: 1.2% (down from 1.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.
お知らせ • Jun 23CP Axtra Public Company Limited Appoints Mrs. Saowaluck Thithapant, as Company SecretaryCP Axtra Public Company Limited informed that the Board of Directors' Meeting No.5/2023 held on 22 June 2023 has resolved to appoint Mrs. Saowaluck Thithapant, Director, Group Chief Executive Officer - Makro Business and Group Chief Financial Officer as the Company Secretary. The appointment will be effective on 22 June 2023 onwards.
Reported Earnings • May 09First quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.19 in 1Q 2022)First quarter 2023 results: EPS: ฿0.20 (up from ฿0.19 in 1Q 2022). Revenue: ฿120.2b (up 8.5% from 1Q 2022). Net income: ฿2.17b (up 5.6% from 1Q 2022). Profit margin: 1.8% (down from 1.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 20Upcoming dividend of ฿0.33 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 April 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 70% and the cash payout ratio is 90%. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (1.4%).
Reported Earnings • Feb 22Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: ฿0.73 (down from ฿2.38 in FY 2021). Revenue: ฿469.1b (up 77% from FY 2021). Net income: ฿7.70b (down 44% from FY 2021). Profit margin: 1.6% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Consumer Retailing industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ฿0.15. Revenue: ฿115.0b (up 110% from 3Q 2021). Net income: ฿1.60b (up 1.9% from 3Q 2021). Profit margin: 1.4% (down from 2.9% in 3Q 2021). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Retailing industry in Thailand.
Reported Earnings • Nov 13Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ฿0.15. Revenue: ฿115.6b (up 111% from 3Q 2021). Net income: ฿1.60b (up 1.9% from 3Q 2021). Profit margin: 1.4% (down from 2.9% in 3Q 2021). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Retailing industry in Thailand.
Buying Opportunity • Oct 03Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.6%. The fair value is estimated to be ฿41.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 2.1% in the next 2 years.
Upcoming Dividend • Aug 15Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 22 August 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (5.5%). In line with average of industry peers (1.2%).
Reported Earnings • Aug 14Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ฿0.15. Revenue: ฿117.9b (up 115% from 2Q 2021). Net income: ฿1.57b (up 22% from 2Q 2021). Profit margin: 1.3% (down from 2.3% in 2Q 2021). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 24%, compared to a 26% growth forecast for the industry in Thailand.
Major Estimate Revision • Aug 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿1.03 to ฿0.92 per share. Revenue forecast steady at ฿462.4b. Net income forecast to shrink 23% next year vs 39% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿44.68. Share price was steady at ฿34.50 over the past week.
Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.98 to ฿1.08. Revenue forecast steady at ฿459.9b. Net income forecast to shrink 5.6% next year vs 44% growth forecast for Consumer Retailing industry in Thailand . Consensus price target broadly unchanged at ฿47.57. Share price was steady at ฿35.25 over the past week.
Reported Earnings • May 11First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: ฿0.19. Revenue: ฿111.2b (up 99% from 1Q 2021). Net income: ฿2.05b (up 18% from 1Q 2021). Profit margin: 1.8% (down from 3.1% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 48%, compared to a 47% growth forecast for the industry in Thailand.
Buying Opportunity • Mar 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.4%. The fair value is estimated to be ฿51.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% per annum over the last 3 years. Earnings per share has grown by 14% per annum over the last 3 years.
Upcoming Dividend • Feb 24Upcoming dividend of ฿0.32 per shareEligible shareholders must have bought the stock before 03 March 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (1.6%).
Reported Earnings • Feb 20Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿2.38 (up from ฿1.37 in FY 2020). Revenue: ฿266.4b (up 22% from FY 2020). Net income: ฿13.7b (up 109% from FY 2020). Profit margin: 5.1% (up from 3.0% in FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 193%. Over the next year, revenue is forecast to grow 69%, compared to a 45% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ฿1.04 to ฿0.87 per share. Revenue forecast steady at ฿257.4b. Net income forecast to grow 62% next year vs 20% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿48.68. Share price was steady at ฿38.75 over the past week.
Buying Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be ฿48.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% per annum over the last 3 years. Earnings per share has grown by 5.1% per annum over the last 3 years.
Major Estimate Revision • Jan 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿0.88 to ฿1.04. Revenue forecast steady at ฿256.7b. Net income forecast to grow 67% next year vs 22% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.85. Share price was steady at ฿40.75 over the past week.
Major Estimate Revision • Jan 04Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 consensus EPS estimate fell from ฿1.60 to ฿1.43. Revenue forecast reaffirmed at ฿223.6b. Net income forecast to grow 36% next year vs 21% growth forecast for Consumer Retailing industry in Thailand. Consensus price target broadly unchanged at ฿47.60. Share price rose 3.8% to ฿41.50 over the past week.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ฿0.33 (vs ฿0.33 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: ฿55.4b (up 2.9% from 3Q 2020). Net income: ฿1.57b (flat on 3Q 2020). Profit margin: 2.8% (down from 2.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿50.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Consumer Retailing industry in Asia. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿32.79 per share.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 24 August 2021. Payment date: 08 September 2021. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.9%).
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS ฿0.27 (vs ฿0.25 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿55.2b (up 8.0% from 2Q 2020). Net income: ฿1.29b (up 9.1% from 2Q 2020). Profit margin: 2.3% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.
Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.36 (vs ฿0.35 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ฿56.1b (flat on 1Q 2020). Net income: ฿1.73b (up 3.1% from 1Q 2020). Profit margin: 3.1% (up from 3.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 22New 90-day low: ฿35.75The company is down 10.0% from its price of ฿39.75 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿28.67 per share.
Reported Earnings • Feb 20Full year 2020 earnings released: EPS ฿1.37 (vs ฿1.30 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿218.8b (up 4.3% from FY 2019). Net income: ฿6.56b (up 5.1% from FY 2019). Profit margin: 3.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 20Revenue behind estimatesRevenue missed analyst estimates by 0.04%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 6.5%, compared to a 13% growth forecast for the Consumer Retailing industry in Thailand.
Is New 90 Day High Low • Feb 05New 90-day low: ฿37.00The company is down 10.0% from its price of ฿41.00 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿27.72 per share.
Is New 90 Day High Low • Dec 21New 90-day low: ฿38.50The company is down 14% from its price of ฿45.00 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿25.92 per share.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.33The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿54.1b (up 6.5% from 3Q 2019). Net income: ฿1.57b (up 6.1% from 3Q 2019). Profit margin: 2.9% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 6.8%, compared to a 9.1% growth forecast for the Consumer Retailing industry in Thailand.
Is New 90 Day High Low • Nov 03New 90-day low: ฿39.25The company is down 4.0% from its price of ฿41.00 on 05 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿26.10 per share.
Is New 90 Day High Low • Oct 16New 90-day low: ฿39.50The company is down 9.0% from its price of ฿43.50 on 17 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿26.88 per share.
Is New 90 Day High Low • Sep 18New 90-day high: ฿46.00The company is up 26% from its price of ฿36.50 on 19 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿26.88 per share.