View Future GrowthWinner Group Enterprise 過去の業績過去 基準チェック /56Winner Group Enterpriseは、平均年間10.8%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% 5.7%収益成長率で 成長しています。 Winner Group Enterpriseの自己資本利益率は18.7%であり、純利益率は6.1%です。主要情報10.83%収益成長率10.83%EPS成長率Consumer Retailing 業界の成長-1.68%収益成長率5.73%株主資本利益率18.68%ネット・マージン6.14%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.059 in 1Q 2025)First quarter 2026 results: EPS: ฿0.05 (down from ฿0.059 in 1Q 2025). Revenue: ฿508.1m (down 12% from 1Q 2025). Net income: ฿31.7m (down 11% from 1Q 2025). Profit margin: 6.2% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.24 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.24 (up from ฿0.15 in FY 2024). Revenue: ฿2.29b (up 7.3% from FY 2024). Net income: ฿139.7m (up 55% from FY 2024). Profit margin: 6.1% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.03 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.06 (up from ฿0.03 in 3Q 2024). Revenue: ฿537.1m (up 14% from 3Q 2024). Net income: ฿33.9m (up 88% from 3Q 2024). Profit margin: 6.3% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.041 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.05 (up from ฿0.041 in 2Q 2024). Revenue: ฿590.1m (up 6.6% from 2Q 2024). Net income: ฿28.5m (up 16% from 2Q 2024). Profit margin: 4.8% (up from 4.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿60.00 (vs ฿0.022 in 1Q 2024)First quarter 2025 results: EPS: ฿60.00 (up from ฿0.022 in 1Q 2024). Revenue: ฿575.1m (up 15% from 1Q 2024). Net income: ฿35.7m (up 169% from 1Q 2024). Profit margin: 6.2% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.19 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.19 in FY 2023). Revenue: ฿2.14b (up 3.2% from FY 2023). Net income: ฿90.2m (down 21% from FY 2023). Profit margin: 4.2% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.059 in 1Q 2025)First quarter 2026 results: EPS: ฿0.05 (down from ฿0.059 in 1Q 2025). Revenue: ฿508.1m (down 12% from 1Q 2025). Net income: ฿31.7m (down 11% from 1Q 2025). Profit margin: 6.2% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 28Upcoming dividend of ฿0.09 per shareEligible shareholders must have bought the stock before 05 May 2026. Payment date: 19 May 2026. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.0%).Declared Dividend • Feb 28Final dividend of ฿0.09 announcedDividend of ฿0.09 is the same as last year. Ex-date: 5th May 2026 Payment date: 19th May 2026 Dividend yield will be 8.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.24 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.24 (up from ฿0.15 in FY 2024). Revenue: ฿2.29b (up 7.3% from FY 2024). Net income: ฿139.7m (up 55% from FY 2024). Profit margin: 6.1% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Feb 26+ 1 more updateWinner Group Enterprise Public Company Limited Proposes Final Dividend for the Year 2025, Payable on May 19, 2026Winner Group Enterprise Public Company Limited Board resolved to propose the Annual General Meeting of Shareholders to consider and approve the appropriation of profit and annual dividend payment for the year 2025 to the Company's ordinary shareholders at the rate of THB 0.18 per share, totaling THB 107,995,439.16, The final dividend will be paid at the rate of THB 0.09 per share, totaling THB 53,997,719.58, comprising: Dividend of THB 0.0853 per share, paid from the unappropriated retained earnings which were subject to 20% corporate income tax; and Dividend of THB 0.0047 per share, paid from the profit exempted from corporate income tax under the investment promotion privileges (BOI). The Company has fixed the Record Date to determine the names of shareholders entitled to receive dividends on May 6, 2026, and the dividend payment is scheduled for May 19, 2026. Ex-dividend date May 5, 2026. However, the granting of such rights is still uncertain, as it is subject to the approval of the Shareholders' Meeting.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.03 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.06 (up from ฿0.03 in 3Q 2024). Revenue: ฿537.1m (up 14% from 3Q 2024). Net income: ฿33.9m (up 88% from 3Q 2024). Profit margin: 6.3% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.New Risk • Aug 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 168% Dividend yield: 7.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 168% Minor Risks High level of debt (47% net debt to equity). Market cap is less than US$100m (฿1.27b market cap, or US$39.2m).Declared Dividend • Aug 15First half dividend increased to ฿0.09Dividend of ฿0.09 is 50% higher than last year. Ex-date: 27th August 2025 Payment date: 10th September 2025 Dividend yield will be 8.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (168% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.041 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.05 (up from ฿0.041 in 2Q 2024). Revenue: ฿590.1m (up 6.6% from 2Q 2024). Net income: ฿28.5m (up 16% from 2Q 2024). Profit margin: 4.8% (up from 4.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Jun 21An undisclosed buyer agreed to acquire 45% stake in Winner Agro Innovation Company Limited from Winner Group Enterprise Public Company Limited (SET:WINNER) for THB 0.28 million.An undisclosed buyer agreed to acquire 45% stake in Winner Agro Innovation Company Limited from Winner Group Enterprise Public Company Limited (SET:WINNER) for THB 0.28 million on June 20, 2025. A cash consideration of THB 0.28 million will be paid for 2,025,000 shares. The transaction has been approved by the board of Winner Group Enterprise Public Company Limited. The expected completion of the transaction is June 30, 2025.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿60.00 (vs ฿0.022 in 1Q 2024)First quarter 2025 results: EPS: ฿60.00 (up from ฿0.022 in 1Q 2024). Revenue: ฿575.1m (up 15% from 1Q 2024). Net income: ฿35.7m (up 169% from 1Q 2024). Profit margin: 6.2% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.09 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 20 May 2025. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 7.7%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (2.9%).お知らせ • Apr 26Winner Group Enterprise Public Company Limited Approves Dividend for the Year 2024, Payable on May 20, 2025Winner Group Enterprise Public Company Limited at its AGM held on April 25, 2025 approved the appropriation of profit and annual dividend payment for the year 2024 as dividend payment of THB 0.15 per share, totaling THB 89,996,199.30. On September 10, 2024, The Company has already paid the interim dividends at the rate of THB 0.06 per share, totaling THB 35,998,479.72. Therefore, the remaining year-ended dividend to be paid is THB 0.09 per share, totaling THB 53,997,719.58. The Company will record the names of shareholders who are eligible to receive the dividend on May 7, 2025 (Record Date) and the dividend payment is scheduled to be made on May 20, 2025.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.19 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.19 in FY 2023). Revenue: ฿2.14b (up 3.2% from FY 2023). Net income: ฿90.2m (down 21% from FY 2023). Profit margin: 4.2% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year.お知らせ • Feb 27+ 1 more updateWinner Group Enterprise Public Company Limited Proposes Final Dividend for the Year 2024, Payable on May 20, 2025Winner Group Enterprise Public Company Limited announced that at its AGM to be held on April 25, 2025, to propose annual dividend payment for the year 2024 to the ordinary shareholders at THB 0.15 per share, with the total amount of THB 89,996,199.30. Of which THB 0.06 per share, with the total amount of THB 35,998,479.72 (paid out of the unappropriated retained earnings which subjected to 20% corporate income tax), was paid as an interim dividend on September 10, 2024. The final dividend payment will be THB 0.09 per share, totaling THB 53,997,719.58 (to be paid out of the unappropriated retained earnings which subjected to 20% corporate income tax) in accordance with the company's dividend policy. The company will record the names of shareholders who are eligible to receive dividends on May 7, 2025 (record date) and the dividend payment is scheduled to be made on May 20, 2025.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.028 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.03 (up from ฿0.028 in 3Q 2023). Revenue: ฿470.1m (up 2.1% from 3Q 2023). Net income: ฿18.1m (up 5.6% from 3Q 2023). Profit margin: 3.8% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year.Declared Dividend • Aug 15First half dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 27th August 2024 Payment date: 10th September 2024 Dividend yield will be 7.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Aug 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.18b market cap, or US$33.6m).Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.057 in 1Q 2023)First quarter 2024 results: EPS: ฿0.02 (down from ฿0.057 in 1Q 2023). Revenue: ฿501.3m (down 3.1% from 1Q 2023). Net income: ฿13.3m (down 61% from 1Q 2023). Profit margin: 2.6% (down from 6.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Apr 26+ 1 more updateWinner Group Enterprise Public Company Limited Approves Dividend for the Year 2023, Payable on May 10, 2024Winner Group Enterprise Public Company Limited announced that at the AGM held on April 24, 2024, approved the appropriation of profit and annual dividend payment for the year 2023 as dividend payment of THB 0.15 per share, with the total amount of THB 89,996,199.30. At September 8, 2023, The Company has already paid the interim dividends at the rate of THB 0.07 per share, with the total amount of THB 41,998,226.34. Therefore, the remaining year-ended dividend to be paid is THB 0.08 per share, with the total amount of THB 47,997,972.96. The Company will record the names of shareholders who are eligible to receive dividend on March 13, 2024 (Record Date). The dividend payment is scheduled to be made on May 10, 2024.Upcoming Dividend • Mar 05Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 10 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.0%).Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.19 (vs ฿0.016 in FY 2022)Full year 2023 results: EPS: ฿0.19 (up from ฿0.016 in FY 2022). Revenue: ฿2.07b (up 1.5% from FY 2022). Net income: ฿113.8m (up ฿104.4m from FY 2022). Profit margin: 5.5% (up from 0.5% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Mar 01Winner Group Enterprise Public Company Limited Proposes Dividend for the Year 2023, Payable on May 10, 2024Winner Group Enterprise Public Company Limited at its board meeting held on February 27, 2024, approved to propose at its Annual General Meeting of shareholders to be held on April 24, 2024, the appropriation of profit and annual dividend payment for the year 2023 to the ordinary shareholders at THB 0.15 per share, with the total amount of THB 89,996,199.30. Of which THB 0.07 per share, with the total amount of THB 41,998,226.34 (paid out of the unappropriated retained earnings which subjected to 20% corporate income tax), was paid as an interim dividend on September 8, 2023. The final dividend payment will be THB 0.08 per share, totaling THB 47,997,972.96 (to be paid out of the unappropriated retained earnings which subjected to 20% corporate income tax) in accordance with the Company's dividend policy. The Company will record the names of shareholders who are eligible to receive dividends on March 13, 2024 (Record Date) and the dividend payment is scheduled to be made on May 10, 2024. However, the grant of the rights to receive the dividend payment is uncertain since it has to be approved by the shareholders' meeting. Ex-dividend date is March 12, 2024.Declared Dividend • Mar 01Dividend increased to ฿0.08Dividend of ฿0.08 is 14% higher than last year. Ex-date: 12th March 2024 Payment date: 10th May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 10x earnings). However, it is well covered by cash flows (49% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1,032% to bring the payout ratio under control. However, EPS has declined by 39% over the last 5 years so the company would need to reverse this trend.お知らせ • Feb 05Winner Group Enterprise Public Company Limited Announces Demise of Warunee Varanyanond, Independent Director, Member of the Audit Committee, and Member of Nomination Remuneration and Corporate GovernanceWinner Group Enterprise Public Company Limited announced that Dr. Warunee Varanyanond, Independent Director, Member of the Audit Committee, and Member of Nomination Remuneration and Corporate Governance has passed away on February 4, 2024.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.07 per share at 5.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.7%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (1.5%).New Risk • Aug 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks High level of debt (44% net debt to equity). Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (฿1.40b market cap, or US$40.0m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.05 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.04 (down from ฿0.05 in 2Q 2022). Revenue: ฿498.4m (down 2.1% from 2Q 2022). Net income: ฿24.1m (down 20% from 2Q 2022). Profit margin: 4.8% (down from 5.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Aug 11Winner Group Enterprise Public Company Limited Announces Interim Cash Dividend Payment, Payable on September 8, 2023Winner Group Enterprise Public Company Limited announced interim cash dividend payment of THB 0.07 per share to common shareholders paid from retained earnings. Record date for the right to receive dividends is 25 August 2023. Ex-dividend date is 24 August 2023. Payment date is September 8, 2023.Upcoming Dividend • Mar 06Upcoming dividend of ฿0.07 per share at 5.7% yieldEligible shareholders must have bought the stock before 13 March 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (1.4%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Thipawan Uthaisang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.2%).Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿508.9m (up 30% from 2Q 2021). Net income: ฿30.1m (up 96% from 2Q 2021). Profit margin: 5.9% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.04 (up from ฿0.033 in 1Q 2021). Revenue: ฿451.9m (up 7.5% from 1Q 2021). Net income: ฿25.9m (up 30% from 1Q 2021). Profit margin: 5.7% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Thippawan Uthaisang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (1.3%).Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.18 (up from ฿0.14 in FY 2020). Revenue: ฿1.81b (up 6.5% from FY 2020). Net income: ฿108.7m (up 29% from FY 2020). Profit margin: 6.0% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.031 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿454.8m (up 7.3% from 3Q 2020). Net income: ฿24.2m (up 31% from 3Q 2020). Profit margin: 5.3% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. 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 6% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.014 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 20 October 2021. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (1.9%).Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿3.84, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 27x in the Consumer Retailing industry in Thailand. Total returns to shareholders of 41% over the past three years.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿3.46, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 29x in the Consumer Retailing industry in Thailand. Total returns to shareholders of 34% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.082 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿420.3m (down 5.9% from 1Q 2020). Net income: ฿19.9m (down 40% from 1Q 2020). Profit margin: 4.7% (down from 7.4% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year.Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿0.21 (vs ฿0.21 in FY 2019)The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: ฿1.70b (up 3.0% from FY 2019). Net income: ฿84.5m (flat on FY 2019). Profit margin: 5.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Feb 05New 90-day high: ฿2.88The company is up 17% from its price of ฿2.46 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 2.0% over the same period.Is New 90 Day High Low • Jan 18New 90-day high: ฿2.76The company is up 14% from its price of ฿2.42 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is up 3.0% over the same period.Is New 90 Day High Low • Dec 17New 90-day high: ฿2.72The company is up 9.0% from its price of ฿2.50 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 1.0% over the same period.Is New 90 Day High Low • Nov 27New 90-day high: ฿2.66The company is up 2.0% from its price of ฿2.62 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 2.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.05The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿423.7m (up 18% from 3Q 2019). Net income: ฿18.4m (up 66% from 3Q 2019). Profit margin: 4.4% (up from 3.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Oct 20New 90-day low: ฿2.42The company is down 18% from its price of ฿2.96 on 22 July 2020. The Thai market is down 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 12% over the same period.収支内訳Winner Group Enterprise 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:WINNER 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 262,243138330031 Dec 252,310140326030 Sep 252,315130326030 Jun 252,248115326031 Mar 252,211111327031 Dec 242,13790330030 Sep 242,12095324030 Jun 242,11194323031 Mar 242,05693317031 Dec 232,072114313030 Sep 232,0478307030 Jun 232,09511303031 Mar 232,10617299031 Dec 222,0409297030 Sep 222,012125296030 Jun 221,957129287031 Mar 221,841115282031 Dec 211,809109277030 Sep 211,73580282030 Jun 211,70474285031 Mar 211,67272285031 Dec 201,69885286030 Sep 201,68197279030 Jun 201,61789281031 Mar 201,675100283031 Dec 191,64884285030 Sep 191,63371289030 Jun 191,66586286031 Mar 191,65785295031 Dec 181,61189281030 Sep 181,615100273030 Jun 181,638104262031 Mar 181,610103238031 Dec 171,644104237030 Sep 171,654106233030 Jun 171,679106232031 Mar 171,720103232031 Dec 161,734105229030 Sep 161,69394223030 Jun 161,60492216031 Mar 161,52596211031 Dec 151,45089212030 Sep 151,43895208030 Jun 151,427822090質の高い収益: WINNERは 高品質の収益 を持っています。利益率の向上: WINNERの現在の純利益率 (6.1%)は、昨年(5%)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: WINNERの収益は過去 5 年間で年間10.8%増加しました。成長の加速: WINNERの過去 1 年間の収益成長率 ( 24.4% ) は、5 年間の平均 ( 年間10.8%を上回っています。収益対業界: WINNERの過去 1 年間の収益成長率 ( 24.4% ) はConsumer Retailing業界10.1%を上回りました。株主資本利益率高いROE: WINNERの 自己資本利益率 ( 18.7% ) 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2026/06/23 11:40終値2026/06/23 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク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Winner Group Enterprise Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.059 in 1Q 2025)First quarter 2026 results: EPS: ฿0.05 (down from ฿0.059 in 1Q 2025). Revenue: ฿508.1m (down 12% from 1Q 2025). Net income: ฿31.7m (down 11% from 1Q 2025). Profit margin: 6.2% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.24 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.24 (up from ฿0.15 in FY 2024). Revenue: ฿2.29b (up 7.3% from FY 2024). Net income: ฿139.7m (up 55% from FY 2024). Profit margin: 6.1% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.03 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.06 (up from ฿0.03 in 3Q 2024). Revenue: ฿537.1m (up 14% from 3Q 2024). Net income: ฿33.9m (up 88% from 3Q 2024). Profit margin: 6.3% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.041 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.05 (up from ฿0.041 in 2Q 2024). Revenue: ฿590.1m (up 6.6% from 2Q 2024). Net income: ฿28.5m (up 16% from 2Q 2024). Profit margin: 4.8% (up from 4.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿60.00 (vs ฿0.022 in 1Q 2024)First quarter 2025 results: EPS: ฿60.00 (up from ฿0.022 in 1Q 2024). Revenue: ฿575.1m (up 15% from 1Q 2024). Net income: ฿35.7m (up 169% from 1Q 2024). Profit margin: 6.2% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.19 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.19 in FY 2023). Revenue: ฿2.14b (up 3.2% from FY 2023). Net income: ฿90.2m (down 21% from FY 2023). Profit margin: 4.2% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.059 in 1Q 2025)First quarter 2026 results: EPS: ฿0.05 (down from ฿0.059 in 1Q 2025). Revenue: ฿508.1m (down 12% from 1Q 2025). Net income: ฿31.7m (down 11% from 1Q 2025). Profit margin: 6.2% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 28Upcoming dividend of ฿0.09 per shareEligible shareholders must have bought the stock before 05 May 2026. Payment date: 19 May 2026. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.0%).
Declared Dividend • Feb 28Final dividend of ฿0.09 announcedDividend of ฿0.09 is the same as last year. Ex-date: 5th May 2026 Payment date: 19th May 2026 Dividend yield will be 8.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.24 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.24 (up from ฿0.15 in FY 2024). Revenue: ฿2.29b (up 7.3% from FY 2024). Net income: ฿139.7m (up 55% from FY 2024). Profit margin: 6.1% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Feb 26+ 1 more updateWinner Group Enterprise Public Company Limited Proposes Final Dividend for the Year 2025, Payable on May 19, 2026Winner Group Enterprise Public Company Limited Board resolved to propose the Annual General Meeting of Shareholders to consider and approve the appropriation of profit and annual dividend payment for the year 2025 to the Company's ordinary shareholders at the rate of THB 0.18 per share, totaling THB 107,995,439.16, The final dividend will be paid at the rate of THB 0.09 per share, totaling THB 53,997,719.58, comprising: Dividend of THB 0.0853 per share, paid from the unappropriated retained earnings which were subject to 20% corporate income tax; and Dividend of THB 0.0047 per share, paid from the profit exempted from corporate income tax under the investment promotion privileges (BOI). The Company has fixed the Record Date to determine the names of shareholders entitled to receive dividends on May 6, 2026, and the dividend payment is scheduled for May 19, 2026. Ex-dividend date May 5, 2026. However, the granting of such rights is still uncertain, as it is subject to the approval of the Shareholders' Meeting.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.03 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.06 (up from ฿0.03 in 3Q 2024). Revenue: ฿537.1m (up 14% from 3Q 2024). Net income: ฿33.9m (up 88% from 3Q 2024). Profit margin: 6.3% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
New Risk • Aug 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 168% Dividend yield: 7.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 168% Minor Risks High level of debt (47% net debt to equity). Market cap is less than US$100m (฿1.27b market cap, or US$39.2m).
Declared Dividend • Aug 15First half dividend increased to ฿0.09Dividend of ฿0.09 is 50% higher than last year. Ex-date: 27th August 2025 Payment date: 10th September 2025 Dividend yield will be 8.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (168% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.041 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.05 (up from ฿0.041 in 2Q 2024). Revenue: ฿590.1m (up 6.6% from 2Q 2024). Net income: ฿28.5m (up 16% from 2Q 2024). Profit margin: 4.8% (up from 4.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Jun 21An undisclosed buyer agreed to acquire 45% stake in Winner Agro Innovation Company Limited from Winner Group Enterprise Public Company Limited (SET:WINNER) for THB 0.28 million.An undisclosed buyer agreed to acquire 45% stake in Winner Agro Innovation Company Limited from Winner Group Enterprise Public Company Limited (SET:WINNER) for THB 0.28 million on June 20, 2025. A cash consideration of THB 0.28 million will be paid for 2,025,000 shares. The transaction has been approved by the board of Winner Group Enterprise Public Company Limited. The expected completion of the transaction is June 30, 2025.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿60.00 (vs ฿0.022 in 1Q 2024)First quarter 2025 results: EPS: ฿60.00 (up from ฿0.022 in 1Q 2024). Revenue: ฿575.1m (up 15% from 1Q 2024). Net income: ฿35.7m (up 169% from 1Q 2024). Profit margin: 6.2% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.09 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 20 May 2025. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 7.7%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (2.9%).
お知らせ • Apr 26Winner Group Enterprise Public Company Limited Approves Dividend for the Year 2024, Payable on May 20, 2025Winner Group Enterprise Public Company Limited at its AGM held on April 25, 2025 approved the appropriation of profit and annual dividend payment for the year 2024 as dividend payment of THB 0.15 per share, totaling THB 89,996,199.30. On September 10, 2024, The Company has already paid the interim dividends at the rate of THB 0.06 per share, totaling THB 35,998,479.72. Therefore, the remaining year-ended dividend to be paid is THB 0.09 per share, totaling THB 53,997,719.58. The Company will record the names of shareholders who are eligible to receive the dividend on May 7, 2025 (Record Date) and the dividend payment is scheduled to be made on May 20, 2025.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.19 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.19 in FY 2023). Revenue: ฿2.14b (up 3.2% from FY 2023). Net income: ฿90.2m (down 21% from FY 2023). Profit margin: 4.2% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year.
お知らせ • Feb 27+ 1 more updateWinner Group Enterprise Public Company Limited Proposes Final Dividend for the Year 2024, Payable on May 20, 2025Winner Group Enterprise Public Company Limited announced that at its AGM to be held on April 25, 2025, to propose annual dividend payment for the year 2024 to the ordinary shareholders at THB 0.15 per share, with the total amount of THB 89,996,199.30. Of which THB 0.06 per share, with the total amount of THB 35,998,479.72 (paid out of the unappropriated retained earnings which subjected to 20% corporate income tax), was paid as an interim dividend on September 10, 2024. The final dividend payment will be THB 0.09 per share, totaling THB 53,997,719.58 (to be paid out of the unappropriated retained earnings which subjected to 20% corporate income tax) in accordance with the company's dividend policy. The company will record the names of shareholders who are eligible to receive dividends on May 7, 2025 (record date) and the dividend payment is scheduled to be made on May 20, 2025.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.028 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.03 (up from ฿0.028 in 3Q 2023). Revenue: ฿470.1m (up 2.1% from 3Q 2023). Net income: ฿18.1m (up 5.6% from 3Q 2023). Profit margin: 3.8% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year.
Declared Dividend • Aug 15First half dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 27th August 2024 Payment date: 10th September 2024 Dividend yield will be 7.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Aug 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.18b market cap, or US$33.6m).
Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.057 in 1Q 2023)First quarter 2024 results: EPS: ฿0.02 (down from ฿0.057 in 1Q 2023). Revenue: ฿501.3m (down 3.1% from 1Q 2023). Net income: ฿13.3m (down 61% from 1Q 2023). Profit margin: 2.6% (down from 6.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Apr 26+ 1 more updateWinner Group Enterprise Public Company Limited Approves Dividend for the Year 2023, Payable on May 10, 2024Winner Group Enterprise Public Company Limited announced that at the AGM held on April 24, 2024, approved the appropriation of profit and annual dividend payment for the year 2023 as dividend payment of THB 0.15 per share, with the total amount of THB 89,996,199.30. At September 8, 2023, The Company has already paid the interim dividends at the rate of THB 0.07 per share, with the total amount of THB 41,998,226.34. Therefore, the remaining year-ended dividend to be paid is THB 0.08 per share, with the total amount of THB 47,997,972.96. The Company will record the names of shareholders who are eligible to receive dividend on March 13, 2024 (Record Date). The dividend payment is scheduled to be made on May 10, 2024.
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 10 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.0%).
Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.19 (vs ฿0.016 in FY 2022)Full year 2023 results: EPS: ฿0.19 (up from ฿0.016 in FY 2022). Revenue: ฿2.07b (up 1.5% from FY 2022). Net income: ฿113.8m (up ฿104.4m from FY 2022). Profit margin: 5.5% (up from 0.5% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Mar 01Winner Group Enterprise Public Company Limited Proposes Dividend for the Year 2023, Payable on May 10, 2024Winner Group Enterprise Public Company Limited at its board meeting held on February 27, 2024, approved to propose at its Annual General Meeting of shareholders to be held on April 24, 2024, the appropriation of profit and annual dividend payment for the year 2023 to the ordinary shareholders at THB 0.15 per share, with the total amount of THB 89,996,199.30. Of which THB 0.07 per share, with the total amount of THB 41,998,226.34 (paid out of the unappropriated retained earnings which subjected to 20% corporate income tax), was paid as an interim dividend on September 8, 2023. The final dividend payment will be THB 0.08 per share, totaling THB 47,997,972.96 (to be paid out of the unappropriated retained earnings which subjected to 20% corporate income tax) in accordance with the Company's dividend policy. The Company will record the names of shareholders who are eligible to receive dividends on March 13, 2024 (Record Date) and the dividend payment is scheduled to be made on May 10, 2024. However, the grant of the rights to receive the dividend payment is uncertain since it has to be approved by the shareholders' meeting. Ex-dividend date is March 12, 2024.
Declared Dividend • Mar 01Dividend increased to ฿0.08Dividend of ฿0.08 is 14% higher than last year. Ex-date: 12th March 2024 Payment date: 10th May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 10x earnings). However, it is well covered by cash flows (49% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1,032% to bring the payout ratio under control. However, EPS has declined by 39% over the last 5 years so the company would need to reverse this trend.
お知らせ • Feb 05Winner Group Enterprise Public Company Limited Announces Demise of Warunee Varanyanond, Independent Director, Member of the Audit Committee, and Member of Nomination Remuneration and Corporate GovernanceWinner Group Enterprise Public Company Limited announced that Dr. Warunee Varanyanond, Independent Director, Member of the Audit Committee, and Member of Nomination Remuneration and Corporate Governance has passed away on February 4, 2024.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.07 per share at 5.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.7%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (1.5%).
New Risk • Aug 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks High level of debt (44% net debt to equity). Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (฿1.40b market cap, or US$40.0m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.05 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.04 (down from ฿0.05 in 2Q 2022). Revenue: ฿498.4m (down 2.1% from 2Q 2022). Net income: ฿24.1m (down 20% from 2Q 2022). Profit margin: 4.8% (down from 5.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Aug 11Winner Group Enterprise Public Company Limited Announces Interim Cash Dividend Payment, Payable on September 8, 2023Winner Group Enterprise Public Company Limited announced interim cash dividend payment of THB 0.07 per share to common shareholders paid from retained earnings. Record date for the right to receive dividends is 25 August 2023. Ex-dividend date is 24 August 2023. Payment date is September 8, 2023.
Upcoming Dividend • Mar 06Upcoming dividend of ฿0.07 per share at 5.7% yieldEligible shareholders must have bought the stock before 13 March 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (1.4%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Thipawan Uthaisang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.2%).
Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿508.9m (up 30% from 2Q 2021). Net income: ฿30.1m (up 96% from 2Q 2021). Profit margin: 5.9% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.04 (up from ฿0.033 in 1Q 2021). Revenue: ฿451.9m (up 7.5% from 1Q 2021). Net income: ฿25.9m (up 30% from 1Q 2021). Profit margin: 5.7% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Thippawan Uthaisang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (1.3%).
Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.18 (up from ฿0.14 in FY 2020). Revenue: ฿1.81b (up 6.5% from FY 2020). Net income: ฿108.7m (up 29% from FY 2020). Profit margin: 6.0% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.031 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿454.8m (up 7.3% from 3Q 2020). Net income: ฿24.2m (up 31% from 3Q 2020). Profit margin: 5.3% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. 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 6% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.014 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 20 October 2021. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (1.9%).
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿3.84, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 27x in the Consumer Retailing industry in Thailand. Total returns to shareholders of 41% over the past three years.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿3.46, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 29x in the Consumer Retailing industry in Thailand. Total returns to shareholders of 34% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.082 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿420.3m (down 5.9% from 1Q 2020). Net income: ฿19.9m (down 40% from 1Q 2020). Profit margin: 4.7% (down from 7.4% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year.
Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿0.21 (vs ฿0.21 in FY 2019)The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: ฿1.70b (up 3.0% from FY 2019). Net income: ฿84.5m (flat on FY 2019). Profit margin: 5.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Feb 05New 90-day high: ฿2.88The company is up 17% from its price of ฿2.46 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 2.0% over the same period.
Is New 90 Day High Low • Jan 18New 90-day high: ฿2.76The company is up 14% from its price of ฿2.42 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Dec 17New 90-day high: ฿2.72The company is up 9.0% from its price of ฿2.50 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 1.0% over the same period.
Is New 90 Day High Low • Nov 27New 90-day high: ฿2.66The company is up 2.0% from its price of ฿2.62 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 2.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.05The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿423.7m (up 18% from 3Q 2019). Net income: ฿18.4m (up 66% from 3Q 2019). Profit margin: 4.4% (up from 3.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Oct 20New 90-day low: ฿2.42The company is down 18% from its price of ฿2.96 on 22 July 2020. The Thai market is down 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 12% over the same period.