View ValuationSiam Wellness Group 将来の成長Future 基準チェック /26Siam Wellness Group利益と収益がそれぞれ年間12.1%と7.6%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14.9% 11.6%なると予測されています。主要情報12.1%収益成長率11.59%EPS成長率Consumer Services 収益成長35.9%収益成長率7.6%将来の株主資本利益率14.90%アナリストカバレッジGood最終更新日18 May 2026今後の成長に関する最新情報Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.58b to ฿1.56b. EPS estimate also fell from ฿0.166 per share to ฿0.147 per share. Net income forecast to shrink 0.02% next year vs 14% growth forecast for Consumer Services industry in Thailand . Consensus price target broadly unchanged at ฿4.29. Share price rose 9.0% to ฿2.92 over the past week.Price Target Changed • Jun 18Price target decreased by 21% to ฿4.59Down from ฿5.80, the current price target is an average from 7 analysts. New target price is 56% above last closing price of ฿2.94. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.19 for next year compared to ฿0.24 last year.Price Target Changed • May 28Price target decreased by 9.2% to ฿5.61Down from ฿6.19, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.00. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.24 last year.Major Estimate Revision • May 16Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.75b to ฿1.54b. EPS estimate fell from ฿0.239 to ฿0.155 per share. Net income forecast to shrink 1.1% next year vs 19% growth forecast for Consumer Services industry in Thailand . Consensus price target down from ฿6.19 to ฿5.80. Share price fell 7.6% to ฿3.18 over the past week.Price Target Changed • May 08Price target decreased by 17% to ฿6.19Down from ฿7.44, the current price target is an average from 7 analysts. New target price is 72% above last closing price of ฿3.60. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.Price Target Changed • May 06Price target decreased by 8.4% to ฿7.04Down from ฿7.69, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.76. Stock is down 52% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.24 last year.すべての更新を表示Recent updatesUpcoming Dividend • Apr 14Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 21 April 2026. Payment date: 07 May 2026. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (4.7%).Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿3.32, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Consumer Services industry in Thailand. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.35 per share.Declared Dividend • Feb 28Dividend of ฿0.10 announcedDividend of ฿0.10 is the same as last year. Ex-date: 21st April 2026 Payment date: 7th May 2026 Dividend yield will be 2.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 27Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿0.15 (down from ฿0.24 in FY 2024). Revenue: ฿1.65b (down 1.2% from FY 2024). Net income: ฿188.7m (down 39% from FY 2024). Profit margin: 12% (down from 19% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • Feb 26+ 1 more updateSiam Wellness Group Public Company Limited Proposes Cash Dividend for the operating period from January 1, 2025 to December 31, 2025, Payable on May 7, 2026Siam Wellness Group Public Company Limited proposed cash dividend of THB 10.00 per share at par value THB 0.25 per share for the operating period from January 1, 2025 to December 31, 2025. payable on May 7, 2026 ex dividend date: April 21, 2026. record date: April 21, 2026. Share holder meeting date: April 10,2026.Buy Or Sell Opportunity • Feb 20Now 20% undervaluedOver the last 90 days, the stock has risen 32% to ฿3.84. The fair value is estimated to be ฿4.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.New Risk • Feb 10New 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 5.9% 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 (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin).Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿3.74, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.76 per share.Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.58b to ฿1.56b. EPS estimate also fell from ฿0.166 per share to ฿0.147 per share. Net income forecast to shrink 0.02% next year vs 14% growth forecast for Consumer Services industry in Thailand . Consensus price target broadly unchanged at ฿4.29. Share price rose 9.0% to ฿2.92 over the past week.Reported Earnings • Nov 16Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿0.036 (down from ฿0.064 in 3Q 2024). Revenue: ฿414.1m (down 6.0% from 3Q 2024). Net income: ฿46.1m (down 44% from 3Q 2024). Profit margin: 11% (down from 19% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.New Risk • Aug 27New 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 7.0% 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 Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change).Valuation Update With 7 Day Price Move • Aug 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿3.08, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.44 per share.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: ฿0.012 loss per share (down from ฿0.048 profit in 2Q 2024). Net loss: ฿15.3m (down 125% from profit in 2Q 2024). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿3.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.65 per share.Price Target Changed • Jun 18Price target decreased by 21% to ฿4.59Down from ฿5.80, the current price target is an average from 7 analysts. New target price is 56% above last closing price of ฿2.94. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.19 for next year compared to ฿0.24 last year.Price Target Changed • May 28Price target decreased by 9.2% to ฿5.61Down from ฿6.19, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.00. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.24 last year.New Risk • May 19New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 148% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 148% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin).Major Estimate Revision • May 16Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.75b to ฿1.54b. EPS estimate fell from ฿0.239 to ฿0.155 per share. Net income forecast to shrink 1.1% next year vs 19% growth forecast for Consumer Services industry in Thailand . Consensus price target down from ฿6.19 to ฿5.80. Share price fell 7.6% to ฿3.18 over the past week.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿3.26, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total loss to shareholders of 35% over the past three years.Price Target Changed • May 08Price target decreased by 17% to ฿6.19Down from ฿7.44, the current price target is an average from 7 analysts. New target price is 72% above last closing price of ฿3.60. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.Price Target Changed • May 06Price target decreased by 8.4% to ฿7.04Down from ฿7.69, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.76. Stock is down 52% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.24 last year.お知らせ • Apr 17Siam Wellness Group Public Company Limited Approves Board Committee AppointmentsSiam Wellness Group Public Company Limited announced that at its AGM held on 17 April 2025, approved election of Mr. Wiboon Utsahajit as Chairman of Executive Committee; Mrs. Kobboon Srichai as Chairwoman of Risk Committee, Member of Audit Committee and Member of Governance and Sustainability Committee; Mrs. Thanit Amorntirasan as Member of Governance and Sustainability Committee.Price Target Changed • Apr 17Price target decreased by 9.9% to ฿7.44Down from ฿8.26, the current price target is an average from 7 analysts. New target price is 85% above last closing price of ฿4.02. Stock is down 54% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.24 last year.Upcoming Dividend • Apr 16Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 23 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (8.1%). Lower than average of industry peers (4.7%).Price Target Changed • Apr 08Price target decreased by 11% to ฿7.69Down from ฿8.66, the current price target is an average from 7 analysts. New target price is 102% above last closing price of ฿3.80. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.24 last year.Price Target Changed • Feb 24Price target decreased by 9.0% to ฿8.96Down from ฿9.85, the current price target is an average from 8 analysts. New target price is 68% above last closing price of ฿5.35. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.28 for next year compared to ฿0.24 last year.Declared Dividend • Feb 24Dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 23rd April 2025 Payment date: 15th May 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 3%. Cash payout ratio: 5%.Reported Earnings • Feb 22Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.24 (down from ฿0.26 in FY 2023). Revenue: ฿1.67b (up 14% from FY 2023). Net income: ฿309.1m (down 6.9% from FY 2023). Profit margin: 19% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 22+ 1 more updateSiam Wellness Group Public Company Limited announces Annual dividend, payable on May 15, 2025Siam Wellness Group Public Company Limited announced Annual dividend of THB 0.1000 per share payable on May 15, 2025, ex-date on April 23, 2025 and record date on April 24, 2025.お知らせ • Feb 21+ 1 more updateSiam Wellness Group Public Company Limited Proposes Cash Dividend for the Period from 01 January 2024 to 31 December 2024, Payable on 15 May 2025Siam Wellness Group Public Company Limited at its Annual General Meeting of Shareholders to be held on 17 April 2025, proposed Cash dividend payment of THB 0.10 per share Par value THB 0.25, for the Operating period from 01 January 2024 to 31 December 2024. Record date for the right to receive dividends: 24 April2025; Ex-dividend date: 23-Apr-2025; Payment date: 15 May 2025.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿5.75, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.99 per share.お知らせ • Dec 18Siam Wellness Group Public Company Limited Appoints Bancha Chuenchujit as Independent Directors and Director of the Audit Committee to Be Chairman of Independent DirectorsSiam Wellness Group Public Company Limited informed that the resolution of Company's Board of Directors at the meeting No. 8/2024 held on December 14, 2024, was passed to appoint Prof. Dr. Bancha Chuenchujit as Independent Directors and Director of the Audit Committee to be Chairman of Independent Directors. This appointment has been effective from the date of December 14, 2024 onwards.Reported Earnings • Nov 17Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: ฿0.064 (in line with 3Q 2023). Revenue: ฿442.1m (up 14% from 3Q 2023). Net income: ฿81.7m (flat on 3Q 2023). Profit margin: 19% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Nov 12Now 21% undervaluedOver the last 90 days, the stock has risen 4.5% to ฿7.00. The fair value is estimated to be ฿8.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 70% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.Buy Or Sell Opportunity • Sep 20Now 21% undervaluedOver the last 90 days, the stock has risen 5.8% to ฿7.25. The fair value is estimated to be ฿9.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 70% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.Price Target Changed • Aug 15Price target increased by 7.4% to ฿10.34Up from ฿9.63, the current price target is an average from 7 analysts. New target price is 54% above last closing price of ฿6.70. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.26 last year.Reported Earnings • Aug 10Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ฿0.048 (up from ฿0.047 in 2Q 2023). Revenue: ฿391.6m (up 9.4% from 2Q 2023). Net income: ฿61.6m (up 2.5% from 2Q 2023). Profit margin: 16% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 26Siam Wellness Group Public Company Limited Appoints Pensiri Chakrabandhu as DirectorSiam Wellness Group Public Company Limited at its EGM held on July 26, 2024 Considered and Approved increasing the number of directors from 9 to 10 directors and appointing M.R. Pensiri Chakrabandhu as the new director.Buy Or Sell Opportunity • Jul 09Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to ฿6.35. The fair value is estimated to be ฿8.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 73% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Price Target Changed • Jun 08Price target increased by 7.6% to ฿10.96Up from ฿10.18, the current price target is an average from 7 analysts. New target price is 53% above last closing price of ฿7.15. Stock is up 1.2% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.26 last year.Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.058 (vs ฿0.039 in 1Q 2023)First quarter 2024 results: EPS: ฿0.058. Revenue: ฿398.9k (down 100% from 1Q 2023). Net income: ฿74.0k (down 100% from 1Q 2023). Profit margin: 19% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Asia.Upcoming Dividend • Apr 19Upcoming dividend of ฿0.014 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (3.9%).お知らせ • Feb 28+ 1 more updateSiam Wellness Group Public Company Limited, Annual General Meeting, Apr 19, 2024Siam Wellness Group Public Company Limited, Annual General Meeting, Apr 19, 2024, at 10:00 SE Asia Standard Time. Location: Meeting room 4, BU Place 22nd Floor no. 565, 567 Soi Suthiporn, Phrachasongkhro Rd. DinDaeng District Bangkok Bangkok Thailand Agenda: To certify and approve the Minutes of the Annual General Meeting of Shareholders for the Year 2023; to acknowledge the company's Performance for the year 2023; to consider and approve the company's financial statements for the year ended December 31, 2023; to consider decrease and increase in the company's registered capital; to approve to allocation for legal reserves and distribution of a Dividend by stock dividend and cash dividend from the operating performance for the Year 2023; to approve the election of directors in place of the directors whose terms expired by rotation; to approve the remuneration of the Directors for the Year 2020; to approve the appointment of the company's Auditor and the Determination of the audit fee for the year 2024; and to consider other matters (if any).Reported Earnings • Feb 28Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: ฿0.39 (up from ฿0.10 loss in FY 2022). Revenue: ฿1.47b (up 105% from FY 2022). Net income: ฿332.1m (up ฿420.2m from FY 2022). Profit margin: 23% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 12Siam Wellness Group Public Company Limited Announces Resignation of Phumiphan Bunjapamai as Independent Director, January 16, 2024Siam Wellness Group Public Company Limited announced that Mr. Phumiphan Bunjapamai has resigned from an Independent Director of the Company but shall remain the position as a Director having effective on the date of January 16, 2024 onward.Board Change • Jan 06Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Bancha Chernchujit was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Nov 12Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ฿0.287 to ฿0.32. Revenue forecast unchanged at ฿1.46b. Net income forecast to grow 154% next year vs 25% growth forecast for Consumer Services industry in Thailand. Consensus price target broadly unchanged at ฿14.50. Share price was steady at ฿12.20 over the past week.Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ฿0.07 (up from ฿0.034 loss in 2Q 2022). Revenue: ฿358.5m (up 168% from 2Q 2022). Net income: ฿60.1m (up ฿89.4m from 2Q 2022). Profit margin: 17% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.059 (vs ฿0.067 loss in 1Q 2022)First quarter 2023 results: EPS: ฿0.059 (up from ฿0.067 loss in 1Q 2022). Revenue: ฿325.9m (up 187% from 1Q 2022). Net income: ฿50.5m (up ฿107.9m from 1Q 2022). Profit margin: 16% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Services industry in Asia. 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 18% per year, which means it is well ahead of earnings.お知らせ • May 17Siam Wellness Group Public Company Limited Appoints Bancha Chernchujit as the Independent Director, Member of Audit CommitteeThe Meeting of the Board of Directors of Siam Wellness Group Public Company Limited No.2/2566, held on May 12, 2023, Resolved to appoint Mr. Bancha Chernchujit as the Independent Director, Member of Audit Committee in place of the resigned director effective from May 12, 2023 onwards.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kobboon Srichai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: ฿0.018 loss per share (improved from ฿0.091 loss in 3Q 2021). Revenue: ฿197.9m (up ฿183.5m from 3Q 2021). Net loss: ฿15.0m (loss narrowed 81% from 3Q 2021). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Price Target Changed • Oct 07Price target increased to ฿11.72Up from ฿10.80, the current price target is an average from 6 analysts. New target price is 6.5% above last closing price of ฿11.00. Stock is up 46% over the past year. The company is forecast to post a net loss per share of ฿0.10 next year compared to a net loss per share of ฿0.34 last year.Price Target Changed • Sep 29Price target increased to ฿11.32Up from ฿10.40, the current price target is an average from 6 analysts. New target price is 14% above last closing price of ฿9.95. Stock is up 34% over the past year. The company is forecast to post a net loss per share of ฿0.10 next year compared to a net loss per share of ฿0.34 last year.Price Target Changed • Aug 16Price target increased to ฿10.25Up from ฿9.48, the current price target is an average from 6 analysts. New target price is 18% above last closing price of ฿8.65. Stock is up 33% over the past year. The company is forecast to post a net loss per share of ฿0.15 next year compared to a net loss per share of ฿0.34 last year.Reported Earnings • Aug 14Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: ฿0.034 loss per share (up from ฿0.10 loss in 2Q 2021). Revenue: ฿134.2m (up 486% from 2Q 2021). Net loss: ฿29.3m (loss narrowed 66% from 2Q 2021). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 144%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.Reported Earnings • May 19First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: ฿0.067 loss per share (up from ฿0.089 loss in 1Q 2021). Revenue: ฿114.1m (up 105% from 1Q 2021). Net loss: ฿57.4m (loss narrowed 24% from 1Q 2021). Revenue exceeded analyst estimates by 57%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 207%, compared to a 28% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Major Estimate Revision • May 18Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿584.8m to ฿516.2m. Forecast losses increased from -฿0.14 to -฿0.18 per share. Consumer Services industry in Thailand expected to see average net income growth of 26% next year. Consensus price target broadly unchanged at ฿9.30. Share price rose 2.7% to ฿7.70 over the past week.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kobboon Srichai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 02Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: ฿0.34 loss per share (down from ฿0.24 loss in FY 2020). Net loss: ฿286.7m (loss widened 37% from FY 2020). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 232%, compared to a 22% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Mar 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ฿589.8m to ฿581.2m. 2022 losses expected to reduce from -฿0.07 to -฿0.05 per share. Consumer Services industry in Thailand expected to see average net income growth of 33% next year. Consensus price target broadly unchanged at ฿9.32. Share price was steady at ฿6.85 over the past week.Reported Earnings • Nov 15Third quarter 2021 earnings released: ฿0.091 loss per share (vs ฿0.064 loss in 3Q 2020)Third quarter 2021 results: Net loss: ฿77.9m (loss widened 42% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.Price Target Changed • Oct 12Price target increased to ฿9.08Up from ฿8.28, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ฿8.15. Stock is up 33% over the past year.Reported Earnings • Aug 11Second quarter 2021 earnings released: ฿0.10 loss per share (vs ฿0.094 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: ฿23.5m (down 26% from 2Q 2020). Net loss: ฿86.9m (loss widened 7.7% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Aug 10Consensus revenue estimates fall to ฿300.4mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ฿350.9m to ฿300.4m. Forecast losses increased from -฿0.20 to -฿0.22 per share. Consumer Services industry in Thailand expected to see average net income growth of 41% next year. Consensus price target of ฿8.68 unchanged from last update. Share price was steady at ฿6.35 over the past week.Price Target Changed • Aug 10Price target decreased to ฿8.42Down from ฿9.20, the current price target is an average from 6 analysts. New target price is 33% above last closing price of ฿6.35. Stock is up 11% over the past year.Major Estimate Revision • Jun 11Consensus revenue estimates fall to ฿381.1mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ฿437.1m to ฿381.1m. Forecast losses increased from -฿0.18 to -฿0.20 per share. Consumer Services industry in Thailand expected to see average net income growth of 52% next year. Consensus price target of ฿9.20 unchanged from last update. Share price was steady at ฿8.45 over the past week.Major Estimate Revision • May 21Consensus revenue estimates fall to ฿437.1mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ฿623.1m to ฿437.1m. Forecast losses increased from -฿0.10 to -฿0.18 per share. Consumer Services industry in Thailand expected to see average net income growth of 51% next year. Consensus price target down from ฿9.63 to ฿9.20. Share price rose 3.4% to ฿7.60 over the past week.Reported Earnings • May 17First quarter 2021 earnings released: ฿0.089 loss per share (vs ฿0.005 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿56.3m (down 77% from 1Q 2020). Net loss: ฿76.0m (down ฿80.4m from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 04Price target increased to ฿8.94Up from ฿7.83, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿8.75. Stock is up 84% over the past year.Price Target Changed • Dec 14Price target raised to ฿6.80Up from ฿6.05, the current price target is an average from 5 analysts. The new target price is 9.9% below the current share price of ฿7.55. As of last close, the stock is down 26% over the past year.Is New 90 Day High Low • Dec 08New 90-day high: ฿7.60The company is up 27% from its price of ฿6.00 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.60 per share.Is New 90 Day High Low • Nov 18New 90-day high: ฿6.75The company is up 15% from its price of ฿5.85 on 20 August 2020. The Thai market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.30 per share.Reported Earnings • Nov 16Third quarter 2020 earnings released: ฿0.064 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿76.8m (down 79% from 3Q 2019). Net loss: ฿55.0m (down 181% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.Analyst Estimate Surprise Post Earnings • Nov 16Revenue and earnings miss expectationsRevenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 11% compared to a 39% growth forecast for the Consumer Services industry in Thailand.Major Estimate Revision • Oct 02Analysts lower EPS estimates to -฿0.21The 2020 consensus revenue estimate was lowered from ฿473.2m to ฿465.4m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -฿0.15 to -฿0.21 for the same period. The Consumer Services industry in Thailand is expected to see an average net income growth of 25% next year. The consensus price target was lowered from ฿6.45 to ฿6.05. Share price stayed mostly flat at ฿6.20 over the past week.業績と収益の成長予測SET:SPA - 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12/31/20282,011246362N/A112/31/20271,937254480563612/31/20261,750228473522612/31/20251,644189108535N/A9/30/20251,606225-57512N/A6/30/20251,633260119557N/A3/31/20251,657286179559N/A12/31/20241,667309284607N/A9/30/20241,627357467601N/A6/30/20241,575357471568N/A3/31/20241,543356524586N/A12/31/20231,471332489549N/A9/30/20231,347206409474N/A6/30/20231,156109325384N/A3/31/202393220210297N/A12/31/2022720-8868187N/A9/30/2022525-148-2591N/A6/30/2022342-211-904N/A3/31/2022231-268-132-63N/A12/31/2021173-287-111-81N/A9/30/2021176-319-130-79N/A6/30/2021238-296-106-8N/A3/31/2021246-289-8639N/A12/31/2020433-209-11033N/A9/30/2020724-6249216N/A6/30/20201,0196161212N/A3/31/20201,300188106256N/A12/31/20191,402242164325N/A9/30/20191,339222N/A240N/A6/30/20191,258206N/A297N/A3/31/20191,217209N/A336N/A12/31/20181,152206N/A318N/A9/30/20181,102202N/A308N/A6/30/20181,058194N/A251N/A3/31/20181,016186N/A176N/A12/31/2017962175N/A190N/A9/30/2017897164N/A212N/A6/30/2017845161N/A171N/A3/31/2017790151N/A205N/A12/31/2016739141N/A206N/A9/30/2016702137N/A209N/A6/30/2016651125N/A269N/A3/31/2016602118N/A244N/A12/31/2015544106N/A240N/A9/30/201549593N/A57N/A6/30/201544074N/A19N/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: SPAの予測収益成長率 (年間12.1% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: SPAの収益 ( 12.1% ) は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。高成長収益: SPA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: SPAの収益 ( 7.6% ) TH市場 ( 9.5% ) よりも低い成長が予測されています。高い収益成長: SPAの収益 ( 7.6% ) 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: SPAの 自己資本利益率 は、3年後には低くなると予測されています ( 14.9 %)。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2026/05/20 01:15終値2026/05/20 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Siam Wellness Group Public Company Limited 6 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。9 アナリスト機関Choon Heng NgCGS InternationalNantika WiangphoemDBS Bank LtdNarumon EkasamutKiatnakin Phatra Securities Public Company Limited6 その他のアナリストを表示
Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.58b to ฿1.56b. EPS estimate also fell from ฿0.166 per share to ฿0.147 per share. Net income forecast to shrink 0.02% next year vs 14% growth forecast for Consumer Services industry in Thailand . Consensus price target broadly unchanged at ฿4.29. Share price rose 9.0% to ฿2.92 over the past week.
Price Target Changed • Jun 18Price target decreased by 21% to ฿4.59Down from ฿5.80, the current price target is an average from 7 analysts. New target price is 56% above last closing price of ฿2.94. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.19 for next year compared to ฿0.24 last year.
Price Target Changed • May 28Price target decreased by 9.2% to ฿5.61Down from ฿6.19, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.00. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.24 last year.
Major Estimate Revision • May 16Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.75b to ฿1.54b. EPS estimate fell from ฿0.239 to ฿0.155 per share. Net income forecast to shrink 1.1% next year vs 19% growth forecast for Consumer Services industry in Thailand . Consensus price target down from ฿6.19 to ฿5.80. Share price fell 7.6% to ฿3.18 over the past week.
Price Target Changed • May 08Price target decreased by 17% to ฿6.19Down from ฿7.44, the current price target is an average from 7 analysts. New target price is 72% above last closing price of ฿3.60. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.
Price Target Changed • May 06Price target decreased by 8.4% to ฿7.04Down from ฿7.69, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.76. Stock is down 52% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.24 last year.
Upcoming Dividend • Apr 14Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 21 April 2026. Payment date: 07 May 2026. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (4.7%).
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿3.32, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Consumer Services industry in Thailand. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.35 per share.
Declared Dividend • Feb 28Dividend of ฿0.10 announcedDividend of ฿0.10 is the same as last year. Ex-date: 21st April 2026 Payment date: 7th May 2026 Dividend yield will be 2.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 27Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿0.15 (down from ฿0.24 in FY 2024). Revenue: ฿1.65b (down 1.2% from FY 2024). Net income: ฿188.7m (down 39% from FY 2024). Profit margin: 12% (down from 19% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Feb 26+ 1 more updateSiam Wellness Group Public Company Limited Proposes Cash Dividend for the operating period from January 1, 2025 to December 31, 2025, Payable on May 7, 2026Siam Wellness Group Public Company Limited proposed cash dividend of THB 10.00 per share at par value THB 0.25 per share for the operating period from January 1, 2025 to December 31, 2025. payable on May 7, 2026 ex dividend date: April 21, 2026. record date: April 21, 2026. Share holder meeting date: April 10,2026.
Buy Or Sell Opportunity • Feb 20Now 20% undervaluedOver the last 90 days, the stock has risen 32% to ฿3.84. The fair value is estimated to be ฿4.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.
New Risk • Feb 10New 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 5.9% 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 (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin).
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿3.74, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.76 per share.
Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.58b to ฿1.56b. EPS estimate also fell from ฿0.166 per share to ฿0.147 per share. Net income forecast to shrink 0.02% next year vs 14% growth forecast for Consumer Services industry in Thailand . Consensus price target broadly unchanged at ฿4.29. Share price rose 9.0% to ฿2.92 over the past week.
Reported Earnings • Nov 16Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ฿0.036 (down from ฿0.064 in 3Q 2024). Revenue: ฿414.1m (down 6.0% from 3Q 2024). Net income: ฿46.1m (down 44% from 3Q 2024). Profit margin: 11% (down from 19% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
New Risk • Aug 27New 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 7.0% 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 Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change).
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿3.08, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.44 per share.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: ฿0.012 loss per share (down from ฿0.048 profit in 2Q 2024). Net loss: ฿15.3m (down 125% from profit in 2Q 2024). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿3.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Consumer Services industry in Asia. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.65 per share.
Price Target Changed • Jun 18Price target decreased by 21% to ฿4.59Down from ฿5.80, the current price target is an average from 7 analysts. New target price is 56% above last closing price of ฿2.94. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.19 for next year compared to ฿0.24 last year.
Price Target Changed • May 28Price target decreased by 9.2% to ฿5.61Down from ฿6.19, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.00. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.24 last year.
New Risk • May 19New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 148% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 148% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin).
Major Estimate Revision • May 16Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿1.75b to ฿1.54b. EPS estimate fell from ฿0.239 to ฿0.155 per share. Net income forecast to shrink 1.1% next year vs 19% growth forecast for Consumer Services industry in Thailand . Consensus price target down from ฿6.19 to ฿5.80. Share price fell 7.6% to ฿3.18 over the past week.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿3.26, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total loss to shareholders of 35% over the past three years.
Price Target Changed • May 08Price target decreased by 17% to ฿6.19Down from ฿7.44, the current price target is an average from 7 analysts. New target price is 72% above last closing price of ฿3.60. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.24 last year.
Price Target Changed • May 06Price target decreased by 8.4% to ฿7.04Down from ฿7.69, the current price target is an average from 7 analysts. New target price is 87% above last closing price of ฿3.76. Stock is down 52% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.24 last year.
お知らせ • Apr 17Siam Wellness Group Public Company Limited Approves Board Committee AppointmentsSiam Wellness Group Public Company Limited announced that at its AGM held on 17 April 2025, approved election of Mr. Wiboon Utsahajit as Chairman of Executive Committee; Mrs. Kobboon Srichai as Chairwoman of Risk Committee, Member of Audit Committee and Member of Governance and Sustainability Committee; Mrs. Thanit Amorntirasan as Member of Governance and Sustainability Committee.
Price Target Changed • Apr 17Price target decreased by 9.9% to ฿7.44Down from ฿8.26, the current price target is an average from 7 analysts. New target price is 85% above last closing price of ฿4.02. Stock is down 54% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.24 last year.
Upcoming Dividend • Apr 16Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 23 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (8.1%). Lower than average of industry peers (4.7%).
Price Target Changed • Apr 08Price target decreased by 11% to ฿7.69Down from ฿8.66, the current price target is an average from 7 analysts. New target price is 102% above last closing price of ฿3.80. Stock is down 57% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.24 last year.
Price Target Changed • Feb 24Price target decreased by 9.0% to ฿8.96Down from ฿9.85, the current price target is an average from 8 analysts. New target price is 68% above last closing price of ฿5.35. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.28 for next year compared to ฿0.24 last year.
Declared Dividend • Feb 24Dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 23rd April 2025 Payment date: 15th May 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 3%. Cash payout ratio: 5%.
Reported Earnings • Feb 22Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.24 (down from ฿0.26 in FY 2023). Revenue: ฿1.67b (up 14% from FY 2023). Net income: ฿309.1m (down 6.9% from FY 2023). Profit margin: 19% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 22+ 1 more updateSiam Wellness Group Public Company Limited announces Annual dividend, payable on May 15, 2025Siam Wellness Group Public Company Limited announced Annual dividend of THB 0.1000 per share payable on May 15, 2025, ex-date on April 23, 2025 and record date on April 24, 2025.
お知らせ • Feb 21+ 1 more updateSiam Wellness Group Public Company Limited Proposes Cash Dividend for the Period from 01 January 2024 to 31 December 2024, Payable on 15 May 2025Siam Wellness Group Public Company Limited at its Annual General Meeting of Shareholders to be held on 17 April 2025, proposed Cash dividend payment of THB 0.10 per share Par value THB 0.25, for the Operating period from 01 January 2024 to 31 December 2024. Record date for the right to receive dividends: 24 April2025; Ex-dividend date: 23-Apr-2025; Payment date: 15 May 2025.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿5.75, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.99 per share.
お知らせ • Dec 18Siam Wellness Group Public Company Limited Appoints Bancha Chuenchujit as Independent Directors and Director of the Audit Committee to Be Chairman of Independent DirectorsSiam Wellness Group Public Company Limited informed that the resolution of Company's Board of Directors at the meeting No. 8/2024 held on December 14, 2024, was passed to appoint Prof. Dr. Bancha Chuenchujit as Independent Directors and Director of the Audit Committee to be Chairman of Independent Directors. This appointment has been effective from the date of December 14, 2024 onwards.
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: ฿0.064 (in line with 3Q 2023). Revenue: ฿442.1m (up 14% from 3Q 2023). Net income: ฿81.7m (flat on 3Q 2023). Profit margin: 19% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Nov 12Now 21% undervaluedOver the last 90 days, the stock has risen 4.5% to ฿7.00. The fair value is estimated to be ฿8.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 70% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.
Buy Or Sell Opportunity • Sep 20Now 21% undervaluedOver the last 90 days, the stock has risen 5.8% to ฿7.25. The fair value is estimated to be ฿9.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 70% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.
Price Target Changed • Aug 15Price target increased by 7.4% to ฿10.34Up from ฿9.63, the current price target is an average from 7 analysts. New target price is 54% above last closing price of ฿6.70. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿0.26 for next year compared to ฿0.26 last year.
Reported Earnings • Aug 10Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ฿0.048 (up from ฿0.047 in 2Q 2023). Revenue: ฿391.6m (up 9.4% from 2Q 2023). Net income: ฿61.6m (up 2.5% from 2Q 2023). Profit margin: 16% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 26Siam Wellness Group Public Company Limited Appoints Pensiri Chakrabandhu as DirectorSiam Wellness Group Public Company Limited at its EGM held on July 26, 2024 Considered and Approved increasing the number of directors from 9 to 10 directors and appointing M.R. Pensiri Chakrabandhu as the new director.
Buy Or Sell Opportunity • Jul 09Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to ฿6.35. The fair value is estimated to be ฿8.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 73% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Price Target Changed • Jun 08Price target increased by 7.6% to ฿10.96Up from ฿10.18, the current price target is an average from 7 analysts. New target price is 53% above last closing price of ฿7.15. Stock is up 1.2% over the past year. The company is forecast to post earnings per share of ฿0.27 for next year compared to ฿0.26 last year.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.058 (vs ฿0.039 in 1Q 2023)First quarter 2024 results: EPS: ฿0.058. Revenue: ฿398.9k (down 100% from 1Q 2023). Net income: ฿74.0k (down 100% from 1Q 2023). Profit margin: 19% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Asia.
Upcoming Dividend • Apr 19Upcoming dividend of ฿0.014 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (3.9%).
お知らせ • Feb 28+ 1 more updateSiam Wellness Group Public Company Limited, Annual General Meeting, Apr 19, 2024Siam Wellness Group Public Company Limited, Annual General Meeting, Apr 19, 2024, at 10:00 SE Asia Standard Time. Location: Meeting room 4, BU Place 22nd Floor no. 565, 567 Soi Suthiporn, Phrachasongkhro Rd. DinDaeng District Bangkok Bangkok Thailand Agenda: To certify and approve the Minutes of the Annual General Meeting of Shareholders for the Year 2023; to acknowledge the company's Performance for the year 2023; to consider and approve the company's financial statements for the year ended December 31, 2023; to consider decrease and increase in the company's registered capital; to approve to allocation for legal reserves and distribution of a Dividend by stock dividend and cash dividend from the operating performance for the Year 2023; to approve the election of directors in place of the directors whose terms expired by rotation; to approve the remuneration of the Directors for the Year 2020; to approve the appointment of the company's Auditor and the Determination of the audit fee for the year 2024; and to consider other matters (if any).
Reported Earnings • Feb 28Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: ฿0.39 (up from ฿0.10 loss in FY 2022). Revenue: ฿1.47b (up 105% from FY 2022). Net income: ฿332.1m (up ฿420.2m from FY 2022). Profit margin: 23% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 12Siam Wellness Group Public Company Limited Announces Resignation of Phumiphan Bunjapamai as Independent Director, January 16, 2024Siam Wellness Group Public Company Limited announced that Mr. Phumiphan Bunjapamai has resigned from an Independent Director of the Company but shall remain the position as a Director having effective on the date of January 16, 2024 onward.
Board Change • Jan 06Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Bancha Chernchujit was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Nov 12Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ฿0.287 to ฿0.32. Revenue forecast unchanged at ฿1.46b. Net income forecast to grow 154% next year vs 25% growth forecast for Consumer Services industry in Thailand. Consensus price target broadly unchanged at ฿14.50. Share price was steady at ฿12.20 over the past week.
Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ฿0.07 (up from ฿0.034 loss in 2Q 2022). Revenue: ฿358.5m (up 168% from 2Q 2022). Net income: ฿60.1m (up ฿89.4m from 2Q 2022). Profit margin: 17% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.059 (vs ฿0.067 loss in 1Q 2022)First quarter 2023 results: EPS: ฿0.059 (up from ฿0.067 loss in 1Q 2022). Revenue: ฿325.9m (up 187% from 1Q 2022). Net income: ฿50.5m (up ฿107.9m from 1Q 2022). Profit margin: 16% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Services industry in Asia. 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 18% per year, which means it is well ahead of earnings.
お知らせ • May 17Siam Wellness Group Public Company Limited Appoints Bancha Chernchujit as the Independent Director, Member of Audit CommitteeThe Meeting of the Board of Directors of Siam Wellness Group Public Company Limited No.2/2566, held on May 12, 2023, Resolved to appoint Mr. Bancha Chernchujit as the Independent Director, Member of Audit Committee in place of the resigned director effective from May 12, 2023 onwards.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kobboon Srichai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: ฿0.018 loss per share (improved from ฿0.091 loss in 3Q 2021). Revenue: ฿197.9m (up ฿183.5m from 3Q 2021). Net loss: ฿15.0m (loss narrowed 81% from 3Q 2021). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Price Target Changed • Oct 07Price target increased to ฿11.72Up from ฿10.80, the current price target is an average from 6 analysts. New target price is 6.5% above last closing price of ฿11.00. Stock is up 46% over the past year. The company is forecast to post a net loss per share of ฿0.10 next year compared to a net loss per share of ฿0.34 last year.
Price Target Changed • Sep 29Price target increased to ฿11.32Up from ฿10.40, the current price target is an average from 6 analysts. New target price is 14% above last closing price of ฿9.95. Stock is up 34% over the past year. The company is forecast to post a net loss per share of ฿0.10 next year compared to a net loss per share of ฿0.34 last year.
Price Target Changed • Aug 16Price target increased to ฿10.25Up from ฿9.48, the current price target is an average from 6 analysts. New target price is 18% above last closing price of ฿8.65. Stock is up 33% over the past year. The company is forecast to post a net loss per share of ฿0.15 next year compared to a net loss per share of ฿0.34 last year.
Reported Earnings • Aug 14Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: ฿0.034 loss per share (up from ฿0.10 loss in 2Q 2021). Revenue: ฿134.2m (up 486% from 2Q 2021). Net loss: ฿29.3m (loss narrowed 66% from 2Q 2021). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 144%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 19First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: ฿0.067 loss per share (up from ฿0.089 loss in 1Q 2021). Revenue: ฿114.1m (up 105% from 1Q 2021). Net loss: ฿57.4m (loss narrowed 24% from 1Q 2021). Revenue exceeded analyst estimates by 57%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 207%, compared to a 28% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • May 18Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿584.8m to ฿516.2m. Forecast losses increased from -฿0.14 to -฿0.18 per share. Consumer Services industry in Thailand expected to see average net income growth of 26% next year. Consensus price target broadly unchanged at ฿9.30. Share price rose 2.7% to ฿7.70 over the past week.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kobboon Srichai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 02Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: ฿0.34 loss per share (down from ฿0.24 loss in FY 2020). Net loss: ฿286.7m (loss widened 37% from FY 2020). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 232%, compared to a 22% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Mar 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ฿589.8m to ฿581.2m. 2022 losses expected to reduce from -฿0.07 to -฿0.05 per share. Consumer Services industry in Thailand expected to see average net income growth of 33% next year. Consensus price target broadly unchanged at ฿9.32. Share price was steady at ฿6.85 over the past week.
Reported Earnings • Nov 15Third quarter 2021 earnings released: ฿0.091 loss per share (vs ฿0.064 loss in 3Q 2020)Third quarter 2021 results: Net loss: ฿77.9m (loss widened 42% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
Price Target Changed • Oct 12Price target increased to ฿9.08Up from ฿8.28, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ฿8.15. Stock is up 33% over the past year.
Reported Earnings • Aug 11Second quarter 2021 earnings released: ฿0.10 loss per share (vs ฿0.094 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: ฿23.5m (down 26% from 2Q 2020). Net loss: ฿86.9m (loss widened 7.7% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Aug 10Consensus revenue estimates fall to ฿300.4mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ฿350.9m to ฿300.4m. Forecast losses increased from -฿0.20 to -฿0.22 per share. Consumer Services industry in Thailand expected to see average net income growth of 41% next year. Consensus price target of ฿8.68 unchanged from last update. Share price was steady at ฿6.35 over the past week.
Price Target Changed • Aug 10Price target decreased to ฿8.42Down from ฿9.20, the current price target is an average from 6 analysts. New target price is 33% above last closing price of ฿6.35. Stock is up 11% over the past year.
Major Estimate Revision • Jun 11Consensus revenue estimates fall to ฿381.1mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ฿437.1m to ฿381.1m. Forecast losses increased from -฿0.18 to -฿0.20 per share. Consumer Services industry in Thailand expected to see average net income growth of 52% next year. Consensus price target of ฿9.20 unchanged from last update. Share price was steady at ฿8.45 over the past week.
Major Estimate Revision • May 21Consensus revenue estimates fall to ฿437.1mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ฿623.1m to ฿437.1m. Forecast losses increased from -฿0.10 to -฿0.18 per share. Consumer Services industry in Thailand expected to see average net income growth of 51% next year. Consensus price target down from ฿9.63 to ฿9.20. Share price rose 3.4% to ฿7.60 over the past week.
Reported Earnings • May 17First quarter 2021 earnings released: ฿0.089 loss per share (vs ฿0.005 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿56.3m (down 77% from 1Q 2020). Net loss: ฿76.0m (down ฿80.4m from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 04Price target increased to ฿8.94Up from ฿7.83, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿8.75. Stock is up 84% over the past year.
Price Target Changed • Dec 14Price target raised to ฿6.80Up from ฿6.05, the current price target is an average from 5 analysts. The new target price is 9.9% below the current share price of ฿7.55. As of last close, the stock is down 26% over the past year.
Is New 90 Day High Low • Dec 08New 90-day high: ฿7.60The company is up 27% from its price of ฿6.00 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.60 per share.
Is New 90 Day High Low • Nov 18New 90-day high: ฿6.75The company is up 15% from its price of ฿5.85 on 20 August 2020. The Thai market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.30 per share.
Reported Earnings • Nov 16Third quarter 2020 earnings released: ฿0.064 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿76.8m (down 79% from 3Q 2019). Net loss: ฿55.0m (down 181% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.
Analyst Estimate Surprise Post Earnings • Nov 16Revenue and earnings miss expectationsRevenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 11% compared to a 39% growth forecast for the Consumer Services industry in Thailand.
Major Estimate Revision • Oct 02Analysts lower EPS estimates to -฿0.21The 2020 consensus revenue estimate was lowered from ฿473.2m to ฿465.4m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -฿0.15 to -฿0.21 for the same period. The Consumer Services industry in Thailand is expected to see an average net income growth of 25% next year. The consensus price target was lowered from ฿6.45 to ฿6.05. Share price stayed mostly flat at ฿6.20 over the past week.