View ValuationMaguro Group 将来の成長Future 基準チェック /46Maguro Group利益と収益がそれぞれ年間16.5%と14.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に22.2% 16.7%なると予測されています。主要情報16.5%収益成長率16.67%EPS成長率Hospitality 収益成長8.5%収益成長率14.6%将来の株主資本利益率22.22%アナリストカバレッジLow最終更新日15 May 2026今後の成長に関する最新情報Price Target Changed • May 01Price target decreased by 9.7% to ฿26.44Down from ฿29.27, the current price target is an average from 4 analysts. New target price is 45% above last closing price of ฿18.20. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of ฿1.31 for next year compared to ฿1.18 last year.Price Target Changed • Sep 25Price target increased by 12% to ฿28.25Up from ฿25.31, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ฿23.90. Stock is up 39% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.82 last year.Price Target Changed • Sep 20Price target increased by 13% to ฿25.31Up from ฿22.42, the current price target is an average from 4 analysts. New target price is 8.6% above last closing price of ฿23.30. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿1.08 for next year compared to ฿0.82 last year.Price Target Changed • Jun 06Price target decreased by 8.0% to ฿22.42Down from ฿24.38, the current price target is an average from 3 analysts. New target price is 47% above last closing price of ฿15.30. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿1.00 for next year compared to ฿0.82 last year.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.27 (vs ฿0.26 in 1Q 2025)First quarter 2026 results: EPS: ฿0.27 (up from ฿0.26 in 1Q 2025). Revenue: ฿560.9m (up 35% from 1Q 2025). Net income: ฿34.2m (up 5.3% from 1Q 2025). Profit margin: 6.1% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in Thailand.Price Target Changed • May 01Price target decreased by 9.7% to ฿26.44Down from ฿29.27, the current price target is an average from 4 analysts. New target price is 45% above last closing price of ฿18.20. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of ฿1.31 for next year compared to ฿1.18 last year.New Risk • Mar 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 132% Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). Dividend is not well covered by cash flows (132% cash payout ratio). Market cap is less than US$100m (฿2.85b market cap, or US$90.3m).New Risk • Mar 02New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 76% 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: Minor Risks High level of debt (76% net debt to equity). Market cap is less than US$100m (฿3.01b market cap, or US$96.9m).Declared Dividend • Feb 28Final dividend of ฿0.46 announcedShareholders will receive a dividend of ฿0.46. Ex-date: 16th March 2026 Payment date: 20th May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.7%. Payout Ratios Payout ratio: 51%. Cash payout ratio: 36%.Reported Earnings • Feb 27Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.18 (up from ฿0.82 in FY 2024). Revenue: ฿1.98b (up 44% from FY 2024). Net income: ฿148.5m (up 54% from FY 2024). Profit margin: 7.5% (up from 7.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Hospitality industry in Thailand.お知らせ • Feb 26+ 1 more updateMaguro Group Public Company Limited Proposes Dividend from the Operating Results from January 1, 2025 to December 31, 2025, Payment on May 20, 2026Maguro Group Public Company Limited announced that the Board of Directors deemed it appropriate to propose that the Annual General Meeting of Shareholders to be held on April 29, 2026 acknowledge that the Company has fully allocated its legal reserve in accordance with the law, which requires at least 10% of the registered capital; therefore, no additional legal reserve allocation is required. The Board also deemed it appropriate to propose that the Meeting approve the dividend payment for the year 2025 at the rate of THB 0.71 per share. During 2025, the Board approved an interim dividend based on net profit for the period from January 1, 2025 to June 30, 2025 at the rate of THB 0.25 per share, which was paid on September 12, 2025. The remaining dividend to be paid to shareholders is THB 0.46 per share, representing 60% of the net profit for the period from January 1, 2025 to December 31, 2025. Record date for the right to receive dividends: March 17, 2026, Ex-dividend date: March 16, 2026, Payment date: May 20, 2026. Shareholder's meeting date: April 29, 2026.New Risk • Jan 15New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿2.44b market cap, or US$77.9m).Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿17.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Hospitality industry in Thailand. Total loss to shareholders of 11% over the past year.Reported Earnings • Nov 15Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿0.30 (up from ฿0.23 in 3Q 2024). Revenue: ฿521.7m (up 47% from 3Q 2024). Net income: ฿38.1m (up 30% from 3Q 2024). Profit margin: 7.3% (down from 8.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Hospitality industry in Thailand.New Risk • Nov 14New 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿2.84b market cap, or US$87.3m).Buy Or Sell Opportunity • Nov 05Now 22% undervaluedOver the last 90 days, the stock has risen 23% to ฿21.10. The fair value is estimated to be ฿27.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.Buy Or Sell Opportunity • Oct 17Now 22% undervaluedOver the last 90 days, the stock has risen 45% to ฿24.30. The fair value is estimated to be ฿31.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.Price Target Changed • Sep 25Price target increased by 12% to ฿28.25Up from ฿25.31, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ฿23.90. Stock is up 39% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.82 last year.Price Target Changed • Sep 20Price target increased by 13% to ฿25.31Up from ฿22.42, the current price target is an average from 4 analysts. New target price is 8.6% above last closing price of ฿23.30. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿1.08 for next year compared to ฿0.82 last year.Upcoming Dividend • Aug 21Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 29% and the cash payout ratio is 90%. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (3.0%).Reported Earnings • Aug 16Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿0.25 (up from ฿0.12 in 2Q 2024). Revenue: ฿447.5m (up 39% from 2Q 2024). Net income: ฿32.1m (up 149% from 2Q 2024). Profit margin: 7.2% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Hospitality industry in Thailand.Price Target Changed • Jun 06Price target decreased by 8.0% to ฿22.42Down from ฿24.38, the current price target is an average from 3 analysts. New target price is 47% above last closing price of ฿15.30. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿1.00 for next year compared to ฿0.82 last year.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.26 (vs ฿0.19 in 1Q 2024)First quarter 2025 results: EPS: ฿0.26 (up from ฿0.19 in 1Q 2024). Revenue: ฿414.9m (up 40% from 1Q 2024). Net income: ฿32.5m (up 62% from 1Q 2024). Profit margin: 7.8% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Thailand.お知らせ • Apr 24Maguro Group Public Company Limited Approves Annual Dividend from the Operating Results Between January 1, 2024, and December 31, 2024According to the 2025 Annual General Meeting of Shareholders of Maguro Group Public Company Limited held on April 22, 2025, approved the non-allocation of net profit to the legal reserve for the year 2024, as the company's legal reserve is already fully compliant with the legal requirements. Acknowledged the interim dividend payment at a rate of THB 0.37 per share, which the company already paid on May 15, 2024. Approved the annual dividend payment for the year 2024, from the operating results between January 1, 2024, and December 31, 2024, at a rate of THB 0.67 per share, representing 60% of the net profit. A remaining dividend payment to shareholders at a rate of THB 0.30 per share was also approved with a unanimous vote from the majority of shareholders and proxies present and eligible to vote, excluding abstentions from the voting base.Buy Or Sell Opportunity • Mar 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿18.30. The fair value is estimated to be ฿23.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.82 (up from ฿0.69 in FY 2023). Revenue: ฿1.37b (up 32% from FY 2023). Net income: ฿96.6m (up 33% from FY 2023). Profit margin: 7.0% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Thailand.お知らせ • Feb 27+ 1 more updateMaguro Group Public Company Limited Proposes Dividend from the Operating Results from January 1, 2024 to December 31, 2024, Payment on May 20, 2025Maguro Group Public Company Limited announced that the Board of Directors deemed it appropriate to propose the approval of the allocation of profits and the payment of dividends for the year 2024 as follows: Pay a dividend at the rate of THB 0.67 per share. During the year 2024, the Board of Directors considered and approved the payment of an interim dividend, calculated from the net profit from the operating results from January 1, 2024 to March 31, 2024, to shareholders at the rate of THB 0.37 per share, to be paid on May 15, 2024. Therefore, the remaining dividend to be paid to shareholders is THB 0.30 per share, or 60% of the net profit from the operating results from January 1, 2024 to December 31, 2024. Record date for the right to receive dividends: March 14, 2025, Ex-dividend date: March 13, 2025, Payment date: May 20, 2025. Shareholder's meeting date: April 22, 2025.New Risk • Nov 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 66% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (66% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (฿2.34b market cap, or US$67.8m).Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿15.80, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 19x in the Hospitality industry in Thailand.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.19 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.12 (down from ฿0.19 in 2Q 2023). Revenue: ฿321.1m (up 21% from 2Q 2023). Net income: ฿12.9m (down 36% from 2Q 2023). Profit margin: 4.0% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ฿13.80, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 23x in the Hospitality industry in Thailand.業績と収益の成長予測SET:MAGURO - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283,156228282574312/31/20272,729192238509412/31/20262,32115023444043/31/20262,127150156459N/A12/31/20251,981149130406N/A9/30/20251,78413788357N/A6/30/20251,61812842341N/A3/31/20251,49110951286N/A12/31/20241,3739748269N/A9/30/20241,2497629246N/A6/30/20241,1616650176N/A3/31/20241,1047356175N/A12/31/20231,0447253179N/A9/30/20239637138143N/A6/30/20238926332147N/A3/31/20237644714122N/A12/31/202266432-289N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: MAGUROの予測収益成長率 (年間16.5% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: MAGUROの収益 ( 16.5% ) はTH市場 ( 11% ) よりも速いペースで成長すると予測されています。高成長収益: MAGUROの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: MAGUROの収益 ( 14.6% ) TH市場 ( 10.2% ) よりも速いペースで成長すると予測されています。高い収益成長: MAGUROの収益 ( 14.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: MAGUROの 自己資本利益率 は、3年後には高くなると予測されています ( 22.2 %)成長企業の発掘7D1Y7D1Y7D1YConsumer-services 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 03:26終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Maguro Group Public Company Limited 4 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。8 アナリスト機関Napon JaisanBualuang Securities PCLKalvalee ThongsomaungBualuang Securities PCLSureeporn TeewasuwetFSS International Advisory5 その他のアナリストを表示
Price Target Changed • May 01Price target decreased by 9.7% to ฿26.44Down from ฿29.27, the current price target is an average from 4 analysts. New target price is 45% above last closing price of ฿18.20. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of ฿1.31 for next year compared to ฿1.18 last year.
Price Target Changed • Sep 25Price target increased by 12% to ฿28.25Up from ฿25.31, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ฿23.90. Stock is up 39% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.82 last year.
Price Target Changed • Sep 20Price target increased by 13% to ฿25.31Up from ฿22.42, the current price target is an average from 4 analysts. New target price is 8.6% above last closing price of ฿23.30. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿1.08 for next year compared to ฿0.82 last year.
Price Target Changed • Jun 06Price target decreased by 8.0% to ฿22.42Down from ฿24.38, the current price target is an average from 3 analysts. New target price is 47% above last closing price of ฿15.30. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿1.00 for next year compared to ฿0.82 last year.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.27 (vs ฿0.26 in 1Q 2025)First quarter 2026 results: EPS: ฿0.27 (up from ฿0.26 in 1Q 2025). Revenue: ฿560.9m (up 35% from 1Q 2025). Net income: ฿34.2m (up 5.3% from 1Q 2025). Profit margin: 6.1% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in Thailand.
Price Target Changed • May 01Price target decreased by 9.7% to ฿26.44Down from ฿29.27, the current price target is an average from 4 analysts. New target price is 45% above last closing price of ฿18.20. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of ฿1.31 for next year compared to ฿1.18 last year.
New Risk • Mar 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 132% Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). Dividend is not well covered by cash flows (132% cash payout ratio). Market cap is less than US$100m (฿2.85b market cap, or US$90.3m).
New Risk • Mar 02New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 76% 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: Minor Risks High level of debt (76% net debt to equity). Market cap is less than US$100m (฿3.01b market cap, or US$96.9m).
Declared Dividend • Feb 28Final dividend of ฿0.46 announcedShareholders will receive a dividend of ฿0.46. Ex-date: 16th March 2026 Payment date: 20th May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.7%. Payout Ratios Payout ratio: 51%. Cash payout ratio: 36%.
Reported Earnings • Feb 27Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.18 (up from ฿0.82 in FY 2024). Revenue: ฿1.98b (up 44% from FY 2024). Net income: ฿148.5m (up 54% from FY 2024). Profit margin: 7.5% (up from 7.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Hospitality industry in Thailand.
お知らせ • Feb 26+ 1 more updateMaguro Group Public Company Limited Proposes Dividend from the Operating Results from January 1, 2025 to December 31, 2025, Payment on May 20, 2026Maguro Group Public Company Limited announced that the Board of Directors deemed it appropriate to propose that the Annual General Meeting of Shareholders to be held on April 29, 2026 acknowledge that the Company has fully allocated its legal reserve in accordance with the law, which requires at least 10% of the registered capital; therefore, no additional legal reserve allocation is required. The Board also deemed it appropriate to propose that the Meeting approve the dividend payment for the year 2025 at the rate of THB 0.71 per share. During 2025, the Board approved an interim dividend based on net profit for the period from January 1, 2025 to June 30, 2025 at the rate of THB 0.25 per share, which was paid on September 12, 2025. The remaining dividend to be paid to shareholders is THB 0.46 per share, representing 60% of the net profit for the period from January 1, 2025 to December 31, 2025. Record date for the right to receive dividends: March 17, 2026, Ex-dividend date: March 16, 2026, Payment date: May 20, 2026. Shareholder's meeting date: April 29, 2026.
New Risk • Jan 15New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿2.44b market cap, or US$77.9m).
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿17.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Hospitality industry in Thailand. Total loss to shareholders of 11% over the past year.
Reported Earnings • Nov 15Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿0.30 (up from ฿0.23 in 3Q 2024). Revenue: ฿521.7m (up 47% from 3Q 2024). Net income: ฿38.1m (up 30% from 3Q 2024). Profit margin: 7.3% (down from 8.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Hospitality industry in Thailand.
New Risk • Nov 14New 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿2.84b market cap, or US$87.3m).
Buy Or Sell Opportunity • Nov 05Now 22% undervaluedOver the last 90 days, the stock has risen 23% to ฿21.10. The fair value is estimated to be ฿27.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.
Buy Or Sell Opportunity • Oct 17Now 22% undervaluedOver the last 90 days, the stock has risen 45% to ฿24.30. The fair value is estimated to be ฿31.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.
Price Target Changed • Sep 25Price target increased by 12% to ฿28.25Up from ฿25.31, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ฿23.90. Stock is up 39% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.82 last year.
Price Target Changed • Sep 20Price target increased by 13% to ฿25.31Up from ฿22.42, the current price target is an average from 4 analysts. New target price is 8.6% above last closing price of ฿23.30. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿1.08 for next year compared to ฿0.82 last year.
Upcoming Dividend • Aug 21Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 29% and the cash payout ratio is 90%. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (3.0%).
Reported Earnings • Aug 16Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿0.25 (up from ฿0.12 in 2Q 2024). Revenue: ฿447.5m (up 39% from 2Q 2024). Net income: ฿32.1m (up 149% from 2Q 2024). Profit margin: 7.2% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Hospitality industry in Thailand.
Price Target Changed • Jun 06Price target decreased by 8.0% to ฿22.42Down from ฿24.38, the current price target is an average from 3 analysts. New target price is 47% above last closing price of ฿15.30. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿1.00 for next year compared to ฿0.82 last year.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.26 (vs ฿0.19 in 1Q 2024)First quarter 2025 results: EPS: ฿0.26 (up from ฿0.19 in 1Q 2024). Revenue: ฿414.9m (up 40% from 1Q 2024). Net income: ฿32.5m (up 62% from 1Q 2024). Profit margin: 7.8% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Thailand.
お知らせ • Apr 24Maguro Group Public Company Limited Approves Annual Dividend from the Operating Results Between January 1, 2024, and December 31, 2024According to the 2025 Annual General Meeting of Shareholders of Maguro Group Public Company Limited held on April 22, 2025, approved the non-allocation of net profit to the legal reserve for the year 2024, as the company's legal reserve is already fully compliant with the legal requirements. Acknowledged the interim dividend payment at a rate of THB 0.37 per share, which the company already paid on May 15, 2024. Approved the annual dividend payment for the year 2024, from the operating results between January 1, 2024, and December 31, 2024, at a rate of THB 0.67 per share, representing 60% of the net profit. A remaining dividend payment to shareholders at a rate of THB 0.30 per share was also approved with a unanimous vote from the majority of shareholders and proxies present and eligible to vote, excluding abstentions from the voting base.
Buy Or Sell Opportunity • Mar 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿18.30. The fair value is estimated to be ฿23.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.
Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.82 (up from ฿0.69 in FY 2023). Revenue: ฿1.37b (up 32% from FY 2023). Net income: ฿96.6m (up 33% from FY 2023). Profit margin: 7.0% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Thailand.
お知らせ • Feb 27+ 1 more updateMaguro Group Public Company Limited Proposes Dividend from the Operating Results from January 1, 2024 to December 31, 2024, Payment on May 20, 2025Maguro Group Public Company Limited announced that the Board of Directors deemed it appropriate to propose the approval of the allocation of profits and the payment of dividends for the year 2024 as follows: Pay a dividend at the rate of THB 0.67 per share. During the year 2024, the Board of Directors considered and approved the payment of an interim dividend, calculated from the net profit from the operating results from January 1, 2024 to March 31, 2024, to shareholders at the rate of THB 0.37 per share, to be paid on May 15, 2024. Therefore, the remaining dividend to be paid to shareholders is THB 0.30 per share, or 60% of the net profit from the operating results from January 1, 2024 to December 31, 2024. Record date for the right to receive dividends: March 14, 2025, Ex-dividend date: March 13, 2025, Payment date: May 20, 2025. Shareholder's meeting date: April 22, 2025.
New Risk • Nov 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 66% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (66% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (฿2.34b market cap, or US$67.8m).
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿15.80, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 19x in the Hospitality industry in Thailand.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.19 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.12 (down from ฿0.19 in 2Q 2023). Revenue: ฿321.1m (up 21% from 2Q 2023). Net income: ฿12.9m (down 36% from 2Q 2023). Profit margin: 4.0% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ฿13.80, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 23x in the Hospitality industry in Thailand.