View ValuationS&P Syndicate 将来の成長Future 基準チェック /06現在、 S&P Syndicateの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Hospitality 収益成長10.0%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBuy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ฿8.95. The fair value is estimated to be ฿11.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%.New Risk • Mar 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (133% payout ratio). Profit margins are more than 30% lower than last year (4.8% net profit margin).Declared Dividend • Mar 01Final dividend of ฿0.45 announcedShareholders will receive a dividend of ฿0.45. Ex-date: 16th March 2026 Payment date: 13th May 2026 Dividend yield will be 5.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control, which is more than the 7.3% EPS growth achieved over the last 5 years.お知らせ • Feb 27+ 1 more updateS&P Syndicate Public Company Limited Proposes Cash Dividend for the Period from 1 July 2025 to 31 December 2025, Payable on 13 May 2026S&P Syndicate Public Company Limited at its shareholders' meeting going to be held on April 23, 2026 proposed dividend payment from the operating results for the year 2025 at the rate of THB 0.50 per share. In this regard, the Board of Directors' Meeting held on 13 August 2025 had resolved to approve the interim dividend payment at the rate of THB 0.05 per share, totaling THB 25.53 million, which was paid on 12 September 2025. Accordingly, the remaining dividend to be paid (for the operating results for the period from 1 July 2025 to 31 December 2025) shall be at the rate of THB 0.45 per share, totaling THB 229,783,672.35 after deducting 4,080,000 treasury shares, to the shareholders whose names appear on the Record Date 17 March 2026, with the dividend payment scheduled for 13 May 2026. Ex-dividend date 16 March 2026. The entitlement to such dividend remains uncertain until it is duly approved by the Meeting of Shareholders.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.16 (vs ฿0.23 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.16 (down from ฿0.23 in 3Q 2024). Revenue: ฿1.42b (down 12% from 3Q 2024). Net income: ฿79.5m (down 33% from 3Q 2024). Profit margin: 5.6% (down from 7.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 16% per year.Declared Dividend • Aug 15First half dividend reduced to ฿0.05Dividend of ฿0.05 is 50% lower than last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 7.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.07 (down from ฿0.17 in 2Q 2024). Revenue: ฿1.32b (down 8.9% from 2Q 2024). Net income: ฿36.3m (down 59% from 2Q 2024). Profit margin: 2.7% (down from 6.1% in 2Q 2024). 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 but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.18 in 1Q 2024)First quarter 2025 results: EPS: ฿0.09 (down from ฿0.18 in 1Q 2024). Revenue: ฿1.38b (down 4.1% from 1Q 2024). Net income: ฿47.7m (down 49% from 1Q 2024). Profit margin: 3.5% (down from 6.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Apr 24S&P Syndicate Public Company Limited Approves Cash Dividend for the Period from 1 July 2024 to 31 December 2024, Payable on 13 May 2025S&P Syndicate Public Company Limited at its AGM held on April 22, 2025, approved the dividend payment of the year 2024 at the rate of THB 0.80 per share. Whereas, the Board of Directors' meeting, held on 13 August 2024, had resolved to pay the interim dividend payment of THB 0.10 per share for 514,710,383 shares, totaling THB 51,471,038.30 (Derived from the operating result as of 1 January 2024 to 30 June 2024). The interim dividend payment has been paid on 10 September 2024, remaining this dividend payment (Derived from the operating result as of 1 July 2024 to 31 December 2024) at the rate of THB 0.70 per share for 512,564,983 shares, totaling THB 358,795,488.10. The dividend payout shall be paid to the shareholders whose name listed on the record date to receive dividend payout on 14 March 2025 and scheduled to pay the dividend on 13 May 2025.Declared Dividend • Feb 28Final dividend reduced to ฿0.70Dividend of ฿0.70 is 6.7% lower than last year. Ex-date: 13th March 2025 Payment date: 13th May 2025 Dividend yield will be 7.2%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is more than the 5.4% EPS growth achieved over the last 5 years.お知らせ • Feb 27S&P Syndicate Public Company Limited Proposes Cash Dividend for the Year 2024, Payable on May 13, 2025S&P Syndicate Public Company Limited announced at the AGM to be held on April 22, 2025, dividend from operation performance for year 2024 at the rate of THB 0.80 per share. Whereas, the Board of Directors' meeting, held on 13 August 2024, had resolved to pay the interim dividend payment of THB 0.10 per share totaling THB 51,471,038.30 (from the operating result as of 1 January 2024 - 30 June 2024) remaining this cash dividend payment at the rate of THB 0.70 per share. Record date: 14 March, 2025; Payment date: 13 May 2025. Shareholder's meeting date is 22-Apr-2025.Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.83 (vs ฿0.94 in FY 2023)Full year 2024 results: EPS: ฿0.83 (down from ฿0.94 in FY 2023). Revenue: ฿6.14b (down 1.4% from FY 2023). Net income: ฿426.9m (down 12% from FY 2023). Profit margin: 7.0% (down from 7.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Feb 27S&P Syndicate Public Company Limited, Annual General Meeting, Apr 22, 2025S&P Syndicate Public Company Limited, Annual General Meeting, Apr 22, 2025, at 14:00 SE Asia Standard Time. Location: sukhumvit 26, ThailandReported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ฿0.23 (vs ฿0.32 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.23 (down from ฿0.32 in 3Q 2023). Revenue: ฿1.62b (down 2.9% from 3Q 2023). Net income: ฿117.9m (down 28% from 3Q 2023). Profit margin: 7.3% (down from 9.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Declared Dividend • Aug 15First half dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 27th August 2024 Payment date: 10th September 2024 Dividend yield will be 6.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control, which is more than the 5.3% EPS growth achieved over the last 5 years.Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.17 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17. Revenue: ฿1.45b (flat on 2Q 2023). Net income: ฿89.1m (flat on 2Q 2023). Profit margin: 6.1% (in line with 2Q 2023).Buy Or Sell Opportunity • May 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to ฿15.20. The fair value is estimated to be ฿19.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 14%.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.20 in 1Q 2023)First quarter 2024 results: EPS: ฿0.18 (down from ฿0.20 in 1Q 2023). Revenue: ฿1.44b (flat on 1Q 2023). Net income: ฿93.3m (down 11% from 1Q 2023). Profit margin: 6.5% (down from 7.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • May 03S&P Syndicate Public Company Limited (SET:SNP) acquired the remaining 50% stake in MSC Thai Cuisine Co., Ltd. from Minor Food Group Plc for THB 18.02 millionS&P Syndicate Public Company Limited (SET:SNP) acquired the remaining 50% stake in MSC Thai Cuisine Co., Ltd. from Minor Food Group Plc for THB 18.02 million on May 1, 2024. S&P Syndicate Public Company Limited (SET:SNP) completed the acquisition of the remaining 50% stake in MSC Thai Cuisine Co., Ltd. from Minor Food Group Plc on May 1, 2024.Upcoming Dividend • Mar 04Upcoming dividend of ฿0.75 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 13 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: 6.3%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (1.9%).Declared Dividend • Feb 22Final dividend increased to ฿0.75Dividend of ฿0.75 is 7.1% higher than last year. Ex-date: 11th March 2024 Payment date: 13th May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control, which is more than the 2.9% EPS growth achieved over the last 5 years.お知らせ • Feb 21S&P Syndicate Public Company Limited, Annual General Meeting, Apr 23, 2024S&P Syndicate Public Company Limited, Annual General Meeting, Apr 23, 2024, at 11:00 SE Asia Standard Time. Agenda: To consider adoption of the minutes of the 2023 Annual General Meeting of Shareholders; to consider acknowledgement of the Company's operation results of 2023; to consider approval of the Statement of Financial Position and Statement of Comprehensive Income ending 31 December 2023; to consider approval for the 2023 annual dividend payment; and to consider other matters.Reported Earnings • Feb 21Full year 2023 earnings released: EPS: ฿0.94 (vs ฿0.90 in FY 2022)Full year 2023 results: EPS: ฿0.94 (up from ฿0.90 in FY 2022). Revenue: ฿6.22b (up 9.0% from FY 2022). Net income: ฿485.2m (up 5.4% from FY 2022). Profit margin: 7.8% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 20S&P Syndicate Public Company Limited Proposes Dividend for the Year 2023, Payable on May 13, 2024S&P Syndicate Public Company Limited announced at the AGM to be held on April 23, 2024, proposed the payment of dividends to shareholders from Retained Earnings and the Operating results of the year 2023 at the rate of THB 1.00 per share. As the Company paid the interim dividend at the rate of THB 0.25 per share (for the period of 1st January 2023 30th June 2023) on 8 September 2023; therefore, the balance of the dividend to be paid is THB 0.75 per share. Which will be paid to shareholders on 13th May 2024. However, the right to receive such dividends remains uncertain until it is approved by the 2024 Annual General Meeting of Shareholders. Ex-dividend date is March 11, 2024.Buy Or Sell Opportunity • Feb 12Now 20% overvaluedOver the last 90 days, the stock has fallen 6.5% to ฿15.80. The fair value is estimated to be ฿13.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 27%.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.31 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.32 (up from ฿0.31 in 3Q 2022). Revenue: ฿1.67b (up 8.0% from 3Q 2022). Net income: ฿164.8m (up 4.5% from 3Q 2022). Profit margin: 9.9% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.25 per share at 5.5% yieldEligible shareholders must have bought the stock before 25 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: 5.5%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (1.2%).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.17 (vs ฿0.16 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.17 (up from ฿0.16 in 2Q 2022). Revenue: ฿1.46b (up 12% from 2Q 2022). Net income: ฿88.7m (up 7.3% from 2Q 2022). Profit margin: 6.1% (down from 6.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 12+ 1 more updateS&P Syndicate Public Company Limited Interim Dividend Payment Fr the Period 01 January 2023 to 30 June 2023, Payable on 08 September 2023S&P Syndicate Public Company Limited announced Interim Dividend Payment of THB 0.25 for the period Operating period from 01 January 2023 to 30 June 2023. Payment date 08 September 2023.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.17 in 1Q 2022)First quarter 2023 results: EPS: ฿0.20 (up from ฿0.17 in 1Q 2022). Revenue: ฿1.44b (up 12% from 1Q 2022). Net income: ฿104.8m (up 20% from 1Q 2022). Profit margin: 7.3% (up from 6.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.70 per share at 3.7% yieldEligible shareholders must have bought the stock before 13 March 2023. Payment date: 19 May 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (1.2%).Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.31 (vs ฿0.19 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.31 (up from ฿0.19 in 3Q 2021). Revenue: ฿1.55b (up 30% from 3Q 2021). Net income: ฿157.7m (up 66% from 3Q 2021). Profit margin: 10% (up from 8.0% in 3Q 2021). 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 only increased by 2% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Piya Sosothikul was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Sep 19Now 20% undervaluedOver the last 90 days, the stock is up 5.3%. The fair value is estimated to be ฿19.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 9.2%.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.10 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 88%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (0.8%).Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.089 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.16 (up from ฿0.089 in 2Q 2021). Revenue: ฿1.30b (up 23% from 2Q 2021). Net income: ฿82.7m (up 90% from 2Q 2021). Profit margin: 6.4% (up from 4.1% 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 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.16 in 1Q 2021)First quarter 2022 results: EPS: ฿0.17 (up from ฿0.16 in 1Q 2021). Revenue: ฿1.29b (up 11% from 1Q 2021). Net income: ฿87.5m (up 10% from 1Q 2021). Profit margin: 6.8% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Piya Sosothikul was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.58 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 19 May 2022. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (0.8%).Reported Earnings • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.69 (up from ฿0.37 in FY 2020). Revenue: ฿4.82b (down 7.3% from FY 2020). Net income: ฿340.0m (up 86% from FY 2020). Profit margin: 7.1% (up from 3.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.31 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.26b (down 9.3% from 3Q 2020). Net income: ฿94.7m (down 38% from 3Q 2020). Profit margin: 7.5% (down from 11% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 23Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 10 September 2021. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (2.1%).Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.054 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿1.16b (down 21% from 1Q 2020). Net income: ฿79.3m (up ฿105.8m from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.37 (vs ฿0.64 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿5.20b (down 29% from FY 2019). Net income: ฿183.0m (down 42% from FY 2019). Profit margin: 3.5% (down from 4.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿15.20, the stock is trading at a trailing P/E ratio of 46x, up from the previous P/E ratio of 38.2x. This compares to an average P/E of 43x in the Hospitality industry in Thailand. Total return to shareholders over the past three years is a loss of 21%.Is New 90 Day High Low • Jan 06New 90-day high: ฿13.60The company is up 36% from its price of ฿10.00 on 08 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 24% over the same period.Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 29% share price gain to ฿12.00, the stock is trading at a trailing P/E ratio of 36.3x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 43x in the Hospitality industry in Thailand. Total return to shareholders over the past three years is a loss of 38%.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.31The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿1.39b (down 30% from 3Q 2019). Net income: ฿153.8m (up 9.2% from 3Q 2019). Profit margin: 11% (up from 7.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.Is New 90 Day High Low • Nov 11New 90-day low: ฿9.00The company is down 12% from its price of ฿10.20 on 13 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period.Is New 90 Day High Low • Oct 26New 90-day low: ฿9.75The company is down 7.0% from its price of ฿10.50 on 24 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 15% over the same period.Is New 90 Day High Low • Oct 10New 90-day low: ฿9.95The company is down 5.0% from its price of ฿10.50 on 10 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 8.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、S&P Syndicate は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:SNP - 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12/31/20255,642271589838N/A9/30/20255,750290674949N/A6/30/20255,9503287701,017N/A3/31/20256,0803818311,072N/A12/31/20246,1394278481,098N/A9/30/20246,1744278921,123N/A6/30/20246,2224748891,172N/A3/31/20246,2264748691,153N/A12/31/20236,2244858171,111N/A9/30/20236,1414918131,132N/A6/30/20236,0174848211,133N/A3/31/20235,8624788291,144N/A12/31/20225,7124608421,165N/A9/30/20225,5494509461,261N/A6/30/20225,1893878001,089N/A3/31/20224,9443487811,092N/A12/31/20214,8173408711,153N/A9/30/20214,7783257181,008N/A6/30/20214,9803849201,196N/A3/31/20214,8932898051,000N/A12/31/20205,199183708923N/A9/30/20205,686162577796N/A6/30/20206,271149423661N/A3/31/20207,034215424682N/A12/31/20197,312314407651N/A9/30/20197,387342N/A700N/A6/30/20197,498349N/A770N/A3/31/20197,546392N/A813N/A12/31/20187,608400N/A795N/A9/30/20187,748465N/A842N/A6/30/20187,740461N/A736N/A3/31/20187,760478N/A812N/A12/31/20177,786484N/A782N/A9/30/20177,744397N/A779N/A6/30/20177,788375N/A720N/A3/31/20177,824437N/A626N/A12/31/20167,775438N/A706N/A9/30/20167,768514N/A737N/A6/30/20167,694584N/A860N/A3/31/20167,583574N/A954N/A12/31/20157,552606N/A944N/A9/30/20157,523622N/A1,078N/A6/30/20157,406561N/A957N/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: SNPの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: SNPの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: SNPの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: SNPの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: SNPの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。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: SNPの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘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2026/05/06 10:00終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋S&P Syndicate 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
Buy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ฿8.95. The fair value is estimated to be ฿11.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%.
New Risk • Mar 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (133% payout ratio). Profit margins are more than 30% lower than last year (4.8% net profit margin).
Declared Dividend • Mar 01Final dividend of ฿0.45 announcedShareholders will receive a dividend of ฿0.45. Ex-date: 16th March 2026 Payment date: 13th May 2026 Dividend yield will be 5.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control, which is more than the 7.3% EPS growth achieved over the last 5 years.
お知らせ • Feb 27+ 1 more updateS&P Syndicate Public Company Limited Proposes Cash Dividend for the Period from 1 July 2025 to 31 December 2025, Payable on 13 May 2026S&P Syndicate Public Company Limited at its shareholders' meeting going to be held on April 23, 2026 proposed dividend payment from the operating results for the year 2025 at the rate of THB 0.50 per share. In this regard, the Board of Directors' Meeting held on 13 August 2025 had resolved to approve the interim dividend payment at the rate of THB 0.05 per share, totaling THB 25.53 million, which was paid on 12 September 2025. Accordingly, the remaining dividend to be paid (for the operating results for the period from 1 July 2025 to 31 December 2025) shall be at the rate of THB 0.45 per share, totaling THB 229,783,672.35 after deducting 4,080,000 treasury shares, to the shareholders whose names appear on the Record Date 17 March 2026, with the dividend payment scheduled for 13 May 2026. Ex-dividend date 16 March 2026. The entitlement to such dividend remains uncertain until it is duly approved by the Meeting of Shareholders.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.16 (vs ฿0.23 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.16 (down from ฿0.23 in 3Q 2024). Revenue: ฿1.42b (down 12% from 3Q 2024). Net income: ฿79.5m (down 33% from 3Q 2024). Profit margin: 5.6% (down from 7.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 16% per year.
Declared Dividend • Aug 15First half dividend reduced to ฿0.05Dividend of ฿0.05 is 50% lower than last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 7.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.07 (down from ฿0.17 in 2Q 2024). Revenue: ฿1.32b (down 8.9% from 2Q 2024). Net income: ฿36.3m (down 59% from 2Q 2024). Profit margin: 2.7% (down from 6.1% in 2Q 2024). 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 but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.18 in 1Q 2024)First quarter 2025 results: EPS: ฿0.09 (down from ฿0.18 in 1Q 2024). Revenue: ฿1.38b (down 4.1% from 1Q 2024). Net income: ฿47.7m (down 49% from 1Q 2024). Profit margin: 3.5% (down from 6.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Apr 24S&P Syndicate Public Company Limited Approves Cash Dividend for the Period from 1 July 2024 to 31 December 2024, Payable on 13 May 2025S&P Syndicate Public Company Limited at its AGM held on April 22, 2025, approved the dividend payment of the year 2024 at the rate of THB 0.80 per share. Whereas, the Board of Directors' meeting, held on 13 August 2024, had resolved to pay the interim dividend payment of THB 0.10 per share for 514,710,383 shares, totaling THB 51,471,038.30 (Derived from the operating result as of 1 January 2024 to 30 June 2024). The interim dividend payment has been paid on 10 September 2024, remaining this dividend payment (Derived from the operating result as of 1 July 2024 to 31 December 2024) at the rate of THB 0.70 per share for 512,564,983 shares, totaling THB 358,795,488.10. The dividend payout shall be paid to the shareholders whose name listed on the record date to receive dividend payout on 14 March 2025 and scheduled to pay the dividend on 13 May 2025.
Declared Dividend • Feb 28Final dividend reduced to ฿0.70Dividend of ฿0.70 is 6.7% lower than last year. Ex-date: 13th March 2025 Payment date: 13th May 2025 Dividend yield will be 7.2%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is more than the 5.4% EPS growth achieved over the last 5 years.
お知らせ • Feb 27S&P Syndicate Public Company Limited Proposes Cash Dividend for the Year 2024, Payable on May 13, 2025S&P Syndicate Public Company Limited announced at the AGM to be held on April 22, 2025, dividend from operation performance for year 2024 at the rate of THB 0.80 per share. Whereas, the Board of Directors' meeting, held on 13 August 2024, had resolved to pay the interim dividend payment of THB 0.10 per share totaling THB 51,471,038.30 (from the operating result as of 1 January 2024 - 30 June 2024) remaining this cash dividend payment at the rate of THB 0.70 per share. Record date: 14 March, 2025; Payment date: 13 May 2025. Shareholder's meeting date is 22-Apr-2025.
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.83 (vs ฿0.94 in FY 2023)Full year 2024 results: EPS: ฿0.83 (down from ฿0.94 in FY 2023). Revenue: ฿6.14b (down 1.4% from FY 2023). Net income: ฿426.9m (down 12% from FY 2023). Profit margin: 7.0% (down from 7.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Feb 27S&P Syndicate Public Company Limited, Annual General Meeting, Apr 22, 2025S&P Syndicate Public Company Limited, Annual General Meeting, Apr 22, 2025, at 14:00 SE Asia Standard Time. Location: sukhumvit 26, Thailand
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ฿0.23 (vs ฿0.32 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.23 (down from ฿0.32 in 3Q 2023). Revenue: ฿1.62b (down 2.9% from 3Q 2023). Net income: ฿117.9m (down 28% from 3Q 2023). Profit margin: 7.3% (down from 9.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Declared Dividend • Aug 15First half dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 27th August 2024 Payment date: 10th September 2024 Dividend yield will be 6.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control, which is more than the 5.3% EPS growth achieved over the last 5 years.
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.17 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17. Revenue: ฿1.45b (flat on 2Q 2023). Net income: ฿89.1m (flat on 2Q 2023). Profit margin: 6.1% (in line with 2Q 2023).
Buy Or Sell Opportunity • May 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to ฿15.20. The fair value is estimated to be ฿19.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 14%.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.20 in 1Q 2023)First quarter 2024 results: EPS: ฿0.18 (down from ฿0.20 in 1Q 2023). Revenue: ฿1.44b (flat on 1Q 2023). Net income: ฿93.3m (down 11% from 1Q 2023). Profit margin: 6.5% (down from 7.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • May 03S&P Syndicate Public Company Limited (SET:SNP) acquired the remaining 50% stake in MSC Thai Cuisine Co., Ltd. from Minor Food Group Plc for THB 18.02 millionS&P Syndicate Public Company Limited (SET:SNP) acquired the remaining 50% stake in MSC Thai Cuisine Co., Ltd. from Minor Food Group Plc for THB 18.02 million on May 1, 2024. S&P Syndicate Public Company Limited (SET:SNP) completed the acquisition of the remaining 50% stake in MSC Thai Cuisine Co., Ltd. from Minor Food Group Plc on May 1, 2024.
Upcoming Dividend • Mar 04Upcoming dividend of ฿0.75 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 13 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: 6.3%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (1.9%).
Declared Dividend • Feb 22Final dividend increased to ฿0.75Dividend of ฿0.75 is 7.1% higher than last year. Ex-date: 11th March 2024 Payment date: 13th May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control, which is more than the 2.9% EPS growth achieved over the last 5 years.
お知らせ • Feb 21S&P Syndicate Public Company Limited, Annual General Meeting, Apr 23, 2024S&P Syndicate Public Company Limited, Annual General Meeting, Apr 23, 2024, at 11:00 SE Asia Standard Time. Agenda: To consider adoption of the minutes of the 2023 Annual General Meeting of Shareholders; to consider acknowledgement of the Company's operation results of 2023; to consider approval of the Statement of Financial Position and Statement of Comprehensive Income ending 31 December 2023; to consider approval for the 2023 annual dividend payment; and to consider other matters.
Reported Earnings • Feb 21Full year 2023 earnings released: EPS: ฿0.94 (vs ฿0.90 in FY 2022)Full year 2023 results: EPS: ฿0.94 (up from ฿0.90 in FY 2022). Revenue: ฿6.22b (up 9.0% from FY 2022). Net income: ฿485.2m (up 5.4% from FY 2022). Profit margin: 7.8% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 20S&P Syndicate Public Company Limited Proposes Dividend for the Year 2023, Payable on May 13, 2024S&P Syndicate Public Company Limited announced at the AGM to be held on April 23, 2024, proposed the payment of dividends to shareholders from Retained Earnings and the Operating results of the year 2023 at the rate of THB 1.00 per share. As the Company paid the interim dividend at the rate of THB 0.25 per share (for the period of 1st January 2023 30th June 2023) on 8 September 2023; therefore, the balance of the dividend to be paid is THB 0.75 per share. Which will be paid to shareholders on 13th May 2024. However, the right to receive such dividends remains uncertain until it is approved by the 2024 Annual General Meeting of Shareholders. Ex-dividend date is March 11, 2024.
Buy Or Sell Opportunity • Feb 12Now 20% overvaluedOver the last 90 days, the stock has fallen 6.5% to ฿15.80. The fair value is estimated to be ฿13.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 27%.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.31 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.32 (up from ฿0.31 in 3Q 2022). Revenue: ฿1.67b (up 8.0% from 3Q 2022). Net income: ฿164.8m (up 4.5% from 3Q 2022). Profit margin: 9.9% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.25 per share at 5.5% yieldEligible shareholders must have bought the stock before 25 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: 5.5%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (1.2%).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.17 (vs ฿0.16 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.17 (up from ฿0.16 in 2Q 2022). Revenue: ฿1.46b (up 12% from 2Q 2022). Net income: ฿88.7m (up 7.3% from 2Q 2022). Profit margin: 6.1% (down from 6.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 12+ 1 more updateS&P Syndicate Public Company Limited Interim Dividend Payment Fr the Period 01 January 2023 to 30 June 2023, Payable on 08 September 2023S&P Syndicate Public Company Limited announced Interim Dividend Payment of THB 0.25 for the period Operating period from 01 January 2023 to 30 June 2023. Payment date 08 September 2023.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.17 in 1Q 2022)First quarter 2023 results: EPS: ฿0.20 (up from ฿0.17 in 1Q 2022). Revenue: ฿1.44b (up 12% from 1Q 2022). Net income: ฿104.8m (up 20% from 1Q 2022). Profit margin: 7.3% (up from 6.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.70 per share at 3.7% yieldEligible shareholders must have bought the stock before 13 March 2023. Payment date: 19 May 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (1.2%).
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.31 (vs ฿0.19 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.31 (up from ฿0.19 in 3Q 2021). Revenue: ฿1.55b (up 30% from 3Q 2021). Net income: ฿157.7m (up 66% from 3Q 2021). Profit margin: 10% (up from 8.0% in 3Q 2021). 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 only increased by 2% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Piya Sosothikul was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Sep 19Now 20% undervaluedOver the last 90 days, the stock is up 5.3%. The fair value is estimated to be ฿19.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 9.2%.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.10 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 88%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (0.8%).
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.089 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.16 (up from ฿0.089 in 2Q 2021). Revenue: ฿1.30b (up 23% from 2Q 2021). Net income: ฿82.7m (up 90% from 2Q 2021). Profit margin: 6.4% (up from 4.1% 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 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.16 in 1Q 2021)First quarter 2022 results: EPS: ฿0.17 (up from ฿0.16 in 1Q 2021). Revenue: ฿1.29b (up 11% from 1Q 2021). Net income: ฿87.5m (up 10% from 1Q 2021). Profit margin: 6.8% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Piya Sosothikul was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.58 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 19 May 2022. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (0.8%).
Reported Earnings • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.69 (up from ฿0.37 in FY 2020). Revenue: ฿4.82b (down 7.3% from FY 2020). Net income: ฿340.0m (up 86% from FY 2020). Profit margin: 7.1% (up from 3.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.31 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.26b (down 9.3% from 3Q 2020). Net income: ฿94.7m (down 38% from 3Q 2020). Profit margin: 7.5% (down from 11% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 23Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 10 September 2021. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (2.1%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.054 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿1.16b (down 21% from 1Q 2020). Net income: ฿79.3m (up ฿105.8m from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.37 (vs ฿0.64 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿5.20b (down 29% from FY 2019). Net income: ฿183.0m (down 42% from FY 2019). Profit margin: 3.5% (down from 4.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿15.20, the stock is trading at a trailing P/E ratio of 46x, up from the previous P/E ratio of 38.2x. This compares to an average P/E of 43x in the Hospitality industry in Thailand. Total return to shareholders over the past three years is a loss of 21%.
Is New 90 Day High Low • Jan 06New 90-day high: ฿13.60The company is up 36% from its price of ฿10.00 on 08 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 24% over the same period.
Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 29% share price gain to ฿12.00, the stock is trading at a trailing P/E ratio of 36.3x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 43x in the Hospitality industry in Thailand. Total return to shareholders over the past three years is a loss of 38%.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.31The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿1.39b (down 30% from 3Q 2019). Net income: ฿153.8m (up 9.2% from 3Q 2019). Profit margin: 11% (up from 7.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.
Is New 90 Day High Low • Nov 11New 90-day low: ฿9.00The company is down 12% from its price of ฿10.20 on 13 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Oct 26New 90-day low: ฿9.75The company is down 7.0% from its price of ฿10.50 on 24 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 15% over the same period.
Is New 90 Day High Low • Oct 10New 90-day low: ฿9.95The company is down 5.0% from its price of ฿10.50 on 10 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 8.0% over the same period.