View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 過去の業績過去 基準チェック /56CP Axtraは、平均年間9.6%の収益成長を遂げていますが、 Consumer Retailing業界の収益は、年間 成長しています。収益は、平均年間5.2% 23%収益成長率で 成長しています。 CP Axtraの自己資本利益率は3.3%であり、純利益率は1.9%です。主要情報9.61%収益成長率-9.55%EPS成長率Consumer Retailing 業界の成長-1.68%収益成長率22.99%株主資本利益率3.25%ネット・マージン1.93%次回の業績アップデート07 Nov 2024最近の業績更新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 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.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.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.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.収支内訳CP Axtra の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:CPAXTT 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費30 Jun 24498,8549,61666,312031 Mar 24493,5408,95665,700031 Dec 23486,4728,64064,968030 Sep 23481,2447,83064,790030 Jun 23477,3707,75564,659031 Mar 23474,3937,81264,224031 Dec 22466,0827,69762,842030 Sep 22443,47814,31959,647030 Jun 22383,32814,28948,114031 Mar 22320,20614,00336,788031 Dec 21265,39813,68726,490030 Sep 21222,7536,72318,049030 Jun 21221,8116,72318,138031 Mar 21218,0796,61617,745031 Dec 20218,2596,56317,731030 Sep 20216,6746,49217,805030 Jun 20213,5886,40217,544031 Mar 20214,3156,40717,684031 Dec 19209,7726,24517,410030 Sep 19205,2606,03016,823030 Jun 19201,2475,90416,306031 Mar 19195,5725,83315,854031 Dec 18191,9975,94215,481030 Sep 18189,5655,97615,203030 Jun 18188,4476,06514,905031 Mar 18187,5206,18314,585031 Dec 17185,8046,17814,347030 Sep 17181,9525,91813,657030 Jun 17178,3375,87913,107031 Mar 17176,0355,78112,544031 Dec 16172,0935,41312,026030 Sep 16167,7445,21811,802030 Jun 16162,9685,05711,534031 Mar 16158,0005,09311,198031 Dec 15155,2175,37810,930030 Sep 15152,9045,47210,665030 Jun 15149,3845,30810,243031 Mar 15146,0455,1919,871031 Dec 14141,8284,9229,386030 Sep 14139,0554,7109,154030 Jun 14136,5564,6528,928031 Mar 14133,5464,5598,800031 Dec 13129,6444,2998,5980質の高い収益: CPAXTTは 高品質の収益 を持っています。利益率の向上: CPAXTTの現在の純利益率 (1.9%)は、昨年(1.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: CPAXTTの収益は過去 5 年間で年間9.6%増加しました。成長の加速: CPAXTTの過去 1 年間の収益成長率 ( 24% ) は、5 年間の平均 ( 年間9.6%を上回っています。収益対業界: CPAXTTの過去 1 年間の収益成長率 ( 24% ) はConsumer Retailing業界10.1%を上回りました。株主資本利益率高いROE: CPAXTTの 自己資本利益率 ( 3.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-retailing 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/10/02 12:24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このレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋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
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 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.
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.
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.
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.