View ValuationJMT Network Services 将来の成長Future 基準チェック /26JMT Network Services利益と収益がそれぞれ年間13.9%と2.2%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4.6% 13.8%なると予測されています。主要情報13.9%収益成長率13.80%EPS成長率Consumer Finance 収益成長6.7%収益成長率2.2%将来の株主資本利益率4.63%アナリストカバレッジGood最終更新日02 Jun 2026今後の成長に関する最新情報Price Target Changed • Feb 07Price target decreased by 11% to ฿9.49Down from ฿10.64, the current price target is an average from 7 analysts. New target price is 14% above last closing price of ฿8.35. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.75 for next year compared to ฿1.11 last year.Price Target Changed • Nov 05Price target decreased by 11% to ฿12.67Down from ฿14.23, the current price target is an average from 8 analysts. New target price is 37% above last closing price of ฿9.25. Stock is down 50% over the past year. The company is forecast to post earnings per share of ฿0.82 for next year compared to ฿1.11 last year.Major Estimate Revision • Aug 20Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.06b to ฿4.85b. EPS estimate also fell from ฿1.02 per share to ฿0.825 per share. Net income forecast to grow 6.8% next year vs 7.8% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿13.67. Share price fell 4.2% to ฿11.50 over the past week.Price Target Changed • Aug 07Price target decreased by 8.5% to ฿13.82Down from ฿15.09, the current price target is an average from 8 analysts. New target price is 14% above last closing price of ฿12.10. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of ฿1.02 for next year compared to ฿1.11 last year.Major Estimate Revision • May 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.29b to ฿5.15b. EPS estimate also fell from ฿1.21 per share to ฿1.05 per share. Net income forecast to grow 6.8% next year vs 12% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿15.09 to ฿13.87. Share price fell 17% to ฿10.40 over the past week.Price Target Changed • May 17Price target decreased by 8.1% to ฿13.87Down from ฿15.09, the current price target is an average from 9 analysts. New target price is 28% above last closing price of ฿10.80. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.11 last year.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.17 (vs ฿0.23 in 1Q 2025)First quarter 2026 results: EPS: ฿0.17 (down from ฿0.23 in 1Q 2025). Revenue: ฿1.12b (down 12% from 1Q 2025). Net income: ฿252.2m (down 24% from 1Q 2025). Profit margin: 23% (down from 26% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿8.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.85 per share.New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Dividend is not well covered by earnings (95% payout ratio).Reported Earnings • Feb 14Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: ฿0.70 (down from ฿1.11 in FY 2024). Revenue: ฿4.80b (down 8.1% from FY 2024). Net income: ฿1.03b (down 36% from FY 2024). Profit margin: 21% (down from 31% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 13JMT Network Services Public Company Limited Proposes Cash Dividend for the Operating Period from 01 July 2025 to 31 December 2025, Payable on 06 May 2026JMT Network Services Public Company Limited has already paid an interim dividend from the operating results for the first half of 2025 at the rate of THB 0.24 per share on 12 September 2025. In this regard, the Board of Directors' Meeting No. 1/2026 approved an additional dividend payment from the operating results for the second half of 2025 at the rate of THB 0.43 per share. The record date for shareholders entitled to receive the dividend is 4 March 2026, and the dividend payment date is scheduled for 6 May 2026. The entitlement to such dividend payment remains subject to approval by the Annual General Meeting of Shareholders to be held on 9 April 2026. Ex-dividend date is 02 March 2026. Paid from Operating period from 01 July 2025 to 31 December 2025.Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ฿10.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.27 per share.お知らせ • Feb 12JMT Network Services Public Company Limited, Annual General Meeting, Apr 09, 2026JMT Network Services Public Company Limited, Annual General Meeting, Apr 09, 2026, at 11:00 SE Asia Standard Time. Location: jaymart group holdings public company limited`s, meeting room, 2nd floor, building b, located at 189 jaymart building, ramkhamhaeng road, rat phatthana, sub-district, saphan sung district, bangkok ThailandPrice Target Changed • Feb 07Price target decreased by 11% to ฿9.49Down from ฿10.64, the current price target is an average from 7 analysts. New target price is 14% above last closing price of ฿8.35. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.75 for next year compared to ฿1.11 last year.Buy Or Sell Opportunity • Jan 19Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to ฿8.75. The fair value is estimated to be ฿7.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change).Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿7.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Finance industry in Thailand. Total loss to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.13 per share.Reported Earnings • Nov 12Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: ฿0.16 (down from ฿0.29 in 3Q 2024). Revenue: ฿1.17b (down 8.6% from 3Q 2024). Net income: ฿231.3m (down 46% from 3Q 2024). Profit margin: 20% (down from 33% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.Price Target Changed • Nov 05Price target decreased by 11% to ฿12.67Down from ฿14.23, the current price target is an average from 8 analysts. New target price is 37% above last closing price of ฿9.25. Stock is down 50% over the past year. The company is forecast to post earnings per share of ฿0.82 for next year compared to ฿1.11 last year.Major Estimate Revision • Aug 20Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.06b to ฿4.85b. EPS estimate also fell from ฿1.02 per share to ฿0.825 per share. Net income forecast to grow 6.8% next year vs 7.8% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿13.67. Share price fell 4.2% to ฿11.50 over the past week.Declared Dividend • Aug 16First half dividend reduced to ฿0.24Dividend of ฿0.24 is 37% lower than last year. Ex-date: 26th August 2025 Payment date: 12th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.25 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.17 (down from ฿0.25 in 2Q 2024). Revenue: ฿1.21b (down 7.5% from 2Q 2024). Net income: ฿246.5m (down 33% from 2Q 2024). Profit margin: 20% (down from 28% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.Price Target Changed • Aug 07Price target decreased by 8.5% to ฿13.82Down from ฿15.09, the current price target is an average from 8 analysts. New target price is 14% above last closing price of ฿12.10. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of ฿1.02 for next year compared to ฿1.11 last year.Buy Or Sell Opportunity • Aug 06Now 23% overvaluedOver the last 90 days, the stock has fallen 7.5% to ฿12.40. The fair value is estimated to be ฿10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.Buy Or Sell Opportunity • Jun 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to ฿8.90. The fair value is estimated to be ฿11.20, 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 declined by 4.0%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿9.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.23 per share.Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to ฿8.90. The fair value is estimated to be ฿11.26, 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 declined by 4.0%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Major Estimate Revision • May 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.29b to ฿5.15b. EPS estimate also fell from ฿1.21 per share to ฿1.05 per share. Net income forecast to grow 6.8% next year vs 12% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿15.09 to ฿13.87. Share price fell 17% to ฿10.40 over the past week.Price Target Changed • May 17Price target decreased by 8.1% to ฿13.87Down from ฿15.09, the current price target is an average from 9 analysts. New target price is 28% above last closing price of ฿10.80. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.11 last year.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.23 (vs ฿0.29 in 1Q 2024)First quarter 2025 results: EPS: ฿0.23 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.27b (down 6.6% from 1Q 2024). Net income: ฿330.0m (down 21% from 1Q 2024). Profit margin: 26% (down from 31% in 1Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿10.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.08 per share.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿14.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.18 per share.Upcoming Dividend • Feb 18Upcoming dividend of ฿0.28 per shareEligible shareholders must have bought the stock before 25 February 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 60% and the cash payout ratio is 88%. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.4%).Price Target Changed • Feb 13Price target decreased by 9.1% to ฿15.83Down from ฿17.41, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ฿13.20. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿1.21 for next year compared to ฿1.11 last year.お知らせ • Feb 13JMT Network Services Public Company Limited Announces Changes to Sub-Committee Names and PositionsThe Board of Directors meeting of JMT Network Services Public Company Limited No. 1/2025 held on February 11, 2025, a resolution was passed to change the names of the sub-committees and the titles of their members. The previous name of the subcommittee was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and the new name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. So, the position name changes are: Mr. Somsak Athisaitrakul’s Previous position was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and new position name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Mr.Piya Pong-acha’s Previous position name was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and New position name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Ms. Yuvadee Pong-acha’s previous position was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and new position is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. The previous name of the subcommittee was Audit committee, and the new name is The Risk Management and Audit Committee. So, the position name changes are: Mr. Rerngchai Inkapakorn’s previous position was Chairman of the Audit Committee and New position name are Chairman of the Risk Management and Audit Committee. Mr. Kanchit Kawachat’s previous position was Audit Committee, and new position is The Risk Management and Audit Committee. Mr. Somsak Athisaitrakul’s previous position was Audit Committee the Risk Management and Audit Committee.Reported Earnings • Feb 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿1.11 (down from ฿1.38 in FY 2023). Revenue: ฿5.23b (up 2.7% from FY 2023). Net income: ฿1.62b (down 20% from FY 2023). Profit margin: 31% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 12+ 1 more updateJMT Network Services Public Company Limited, Annual General Meeting, Apr 10, 2025JMT Network Services Public Company Limited, Annual General Meeting, Apr 10, 2025, at 11:00 SE Asia Standard Time. Location: jmart meeting room, 2nd fl, building b, jaymart group holdings (hq) ramkhamhaeng rd, saphan sung district, bkk, ThailandNew Risk • Jan 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Dividend is not well covered by cash flows (107% cash payout ratio).Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿14.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.30 per share.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿19.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.32 per share.Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.29 (vs ฿0.32 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.29 (down from ฿0.32 in 3Q 2023). Revenue: ฿1.29b (down 1.7% from 3Q 2023). Net income: ฿429.9m (down 7.8% from 3Q 2023). Profit margin: 33% (down from 36% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. 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 33% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 08Price target increased by 15% to ฿15.94Up from ฿13.88, the current price target is an average from 8 analysts. New target price is 20% below last closing price of ฿20.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.13 for next year compared to ฿1.38 last year.Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿21.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.08 per share.Buy Or Sell Opportunity • Sep 02Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to ฿16.60. The fair value is estimated to be ฿13.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 6.0% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 36%After last week's 36% share price gain to ฿13.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.31 per share.Major Estimate Revision • Aug 16Consensus EPS estimates fall by 16%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿5.21b to ฿5.30b. EPS estimate fell from ฿1.21 to ฿1.02 per share. Net income forecast to shrink 3.9% next year vs 9.2% growth forecast for Consumer Finance industry in Thailand . Consensus price target down from ฿18.74 to ฿14.79. Share price rose 36% to ฿13.50 over the past week.Declared Dividend • Aug 14First half dividend increased to ฿0.38Dividend of ฿0.38 is 12% higher than last year. Ex-date: 22nd August 2024 Payment date: 5th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Aug 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.25 (vs ฿0.38 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.25 (down from ฿0.38 in 2Q 2023). Revenue: ฿1.31b (up 4.5% from 2Q 2023). Net income: ฿366.9m (down 33% from 2Q 2023). Profit margin: 28% (down from 44% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.お知らせ • Aug 10JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2024 to 30 June 2024, Payable on 05 September 2024JMT Network Services Public Company Limited declared Interim Dividend of THB 0.38 per share for the operating period from January 01, 2024 to June 30, 2024, payable on September 05, 2024. Record date for the right to receive dividends is August 23, 2024 and Ex-dividend date is August 22, 2024.Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 46% to ฿11.30. The fair value is estimated to be ฿14.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿12.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.62 per share.Price Target Changed • Jun 19Price target decreased by 7.6% to ฿18.74Down from ฿20.29, the current price target is an average from 8 analysts. New target price is 28% above last closing price of ฿14.60. Stock is down 62% over the past year. The company is forecast to post earnings per share of ฿1.21 for next year compared to ฿1.38 last year.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿14.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.06 per share.Price Target Changed • May 17Price target decreased by 9.6% to ฿26.17Down from ฿28.96, the current price target is an average from 7 analysts. New target price is 50% above last closing price of ฿17.50. Stock is down 59% over the past year. The company is forecast to post earnings per share of ฿1.45 for next year compared to ฿1.38 last year.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿17.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿17.52 per share.Buy Or Sell Opportunity • Apr 10Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to ฿23.40. The fair value is estimated to be ฿19.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Upcoming Dividend • Apr 10Upcoming dividend of ฿0.49 per shareEligible shareholders must have bought the stock before 17 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.1%).Buy Or Sell Opportunity • Mar 14Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to ฿23.30. The fair value is estimated to be ฿19.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Declared Dividend • Feb 14Final dividend reduced to ฿0.49Dividend of ฿0.49 is 17% lower than last year. Ex-date: 11th April 2024 Payment date: 3rd May 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Feb 13Now 31% overvaluedOver the last 90 days, the stock has fallen 3.3% to ฿24.90. The fair value is estimated to be ฿19.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.お知らせ • Feb 13JMT Network Services Public Company Limited, Annual General Meeting, Apr 05, 2024JMT Network Services Public Company Limited, Annual General Meeting, Apr 05, 2024, at 11:00 SE Asia Standard Time. Location: 2nd floor, Building B, Jaymart Group Holdings Public Company Limited No. 189 Jay Mart Building, Ramkhamhaeng Road, Rat Phatthana Subdistrict, Saphan Sung District Bangkok Thailand Agenda: To certify Minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the report on the Company's operating result for the year 2023; to consider and approve the audited financial statement for the year ended 31 December 2023; to consider and approve the payment of dividend derived from the operating result in respect of the year ended 31 December 2023; to consider and approve the appointment of directors to replace those retiring by rotation for the year 2024; and to consider other business matters.Reported Earnings • Feb 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿1.38 (up from ฿1.22 in FY 2022). Revenue: ฿5.09b (up 15% from FY 2022). Net income: ฿2.01b (up 15% from FY 2022). Profit margin: 40% (in line with FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Feb 12JMT Network Services Public Company Limited Proposes Interim Dividend, Payable on May 3, 2024JMT Network Services Public Company Limited at its board of directors meeting held on February 12, 2024, proposed to consider and approve pay dividends from retained earnings and net profit of 2023 to shareholders at the rate of THB 0.83 per share. In this regard, the company has already announced an interim dividend of THB 0.34 per share from the first half of 2023 operating results, so the remaining payment in this period is THB 0.49 per share. The list of shareholders entitled to dividends will be published on April 12, 2024, and the dividend will be paid on May 3, 2024.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿23.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿18.54 per share.Buy Or Sell Opportunity • Jan 24Now 25% overvaluedOver the last 90 days, the stock has fallen 26% to ฿22.50. The fair value is estimated to be ฿17.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 5.8%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿21.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿17.78 per share.Reported Earnings • Nov 15Third 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: ฿1.31b (up 19% from 3Q 2022). Net income: ฿466.3m (up 2.4% from 3Q 2022). Profit margin: 36% (down from 41% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Consumer Finance industry in Thailand. 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 8% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 11Price target decreased by 20% to ฿37.50Down from ฿46.60, the current price target is an average from 5 analysts. New target price is 39% above last closing price of ฿27.00. Stock is down 59% over the past year. The company is forecast to post earnings per share of ฿1.41 for next year compared to ฿1.22 last year.New Risk • Nov 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ฿27.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿20.09 per share.Price Target Changed • Oct 18Price target decreased by 13% to ฿48.20Down from ฿55.20, the current price target is an average from 5 analysts. New target price is 45% above last closing price of ฿33.25. Stock is down 49% over the past year. The company is forecast to post earnings per share of ฿1.47 for next year compared to ฿1.22 last year.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ฿38.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿21.62 per share.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.34 per share at 2.8% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Thai dividend payers (6.4%). In line with average of industry peers (3.0%).お知らせ • Aug 11JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 08 September 2023JMT Network Services Public Company Limited declared Interim Dividend of THB 0.34 per share (Par value: THB 0.50) for the operating period from January 01, 2023 to June 30, 2023, payable on September 08, 2023 . Record date for the right to receive dividends August 25, 2023 and Ex-dividend date August 24, 2023.New Risk • Aug 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change).Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.30 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.38 (up from ฿0.30 in 2Q 2022). Revenue: ฿1.25b (up 15% from 2Q 2022). Net income: ฿551.0m (up 27% from 2Q 2022). Profit margin: 44% (up from 40% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿38.25, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total returns to shareholders of 49% over the past three years.Price Target Changed • Jul 04Price target decreased by 9.9% to ฿58.33Down from ฿64.75, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿38.25. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿1.44 for next year compared to ฿1.22 last year.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿33.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.86 per share.Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.31 (vs ฿0.27 in 1Q 2022)First quarter 2023 results: EPS: ฿0.31 (up from ฿0.27 in 1Q 2022). Revenue: ฿1.15b (up 6.6% from 1Q 2022). Net income: ฿453.1m (up 24% from 1Q 2022). Profit margin: 39% (up from 34% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 04Upcoming dividend of ฿0.59 per share at 2.6% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 02 May 2023. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (2.7%).Price Target Changed • Feb 25Price target decreased by 14% to ฿70.13Down from ฿81.38, the current price target is an average from 4 analysts. New target price is 48% above last closing price of ฿47.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.22 last year.Major Estimate Revision • Feb 16Consensus revenue estimates fall by 13%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿5.46b to ฿4.77b. EPS estimate fell from ฿1.65 to ฿1.36 per share. Net income forecast to grow 12% next year vs 14% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿81.38 to ฿76.38. Share price fell 13% to ฿45.50 over the past week.Valuation Update With 7 Day Price Move • Feb 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿42.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Consumer Finance industry in Thailand. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.59 per share.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿53.75, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Consumer Finance industry in Thailand. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿27.87 per share.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somsak Atisaitrakul was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 12Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ฿1.10b (up 16% from 3Q 2021). Net income: ฿455.5m (up 30% from 3Q 2021). Profit margin: 41% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.49 per shareEligible shareholders must have bought the stock before 24 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (5.4%). Lower than average of industry peers (1.8%).Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.30 (vs ฿0.26 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.30 (up from ฿0.26 in 2Q 2021). Revenue: ฿1.09b (up 33% from 2Q 2021). Net income: ฿433.3m (up 50% from 2Q 2021). Profit margin: 40% (up from 35% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 16First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.27. Revenue: ฿1.08b (up 33% from 1Q 2021). Net income: ฿367.0m (up 30% from 1Q 2021). Profit margin: 34% (in line with 1Q 2021). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 27%, compared to a 36% growth forecast for the industry in Thailand.Price Target Changed • Apr 27Price target increased to ฿83.40Up from ฿76.00, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ฿86.00. Stock is up 92% over the past year. The company is forecast to post earnings per share of ฿1.51 for next year compared to ฿1.29 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somsak Atisaitrakul was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Apr 15Price target increased to ฿83.40Up from ฿76.00, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ฿84.50. Stock is up 85% over the past year. The company is forecast to post earnings per share of ฿1.51 for next year compared to ฿1.29 last year.Upcoming Dividend • Apr 12Upcoming dividend of ฿0.42 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (1.8%).Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿79.00, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 17x in the Consumer Finance industry in Thailand. Total returns to shareholders of 550% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿44.38 per share.Major Estimate Revision • Mar 05Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿4.72b to ฿4.24b. EPS estimate fell from ฿1.56 to ฿1.37 per share. Net income forecast to grow 34% next year vs 21% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿76.75. Share price fell 3.0% to ฿65.50 over the past week.Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿1.29 (up from ฿1.15 in FY 2020). Revenue: ฿3.62b (up 14% from FY 2020). Net income: ฿1.40b (up 34% from FY 2020). Profit margin: 39% (up from 33% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 30%, compared to a 33% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Dec 19Price target increased to ฿58.00Up from ฿53.25, the current price target is an average from 3 analysts. New target price is 7.9% below last closing price of ฿63.00. Stock is up 97% over the past year. The company is forecast to post earnings per share of ฿1.30 for next year compared to ฿1.15 last year.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ฿0.32 (vs ฿0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿948.9m (up 21% from 3Q 2020). Net income: ฿351.7m (up 24% from 3Q 2020). Profit margin: 37% (up from 36% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿49.75, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Consumer Finance industry in Thailand. Total returns to shareholders of 345% over the past three years.業績と収益の成長予測SET:JMT - 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12/31/20284,9321,322N/AN/A212/31/20274,9101,3988341,034412/31/20264,8651,21471691623/31/20264,6519523,5883,730N/A12/31/20254,8021,0302,8743,039N/A9/30/20254,7351,2081,1251,327N/A6/30/20254,9071,4071,6891,929N/A3/31/20255,3161,527-498-228N/A12/31/20245,4781,6151,0991,366N/A9/30/20245,5201,7551,2981,396N/A6/30/20245,4811,7921,8761,972N/A3/31/20245,3651,976-2,722-2,677N/A12/31/20235,0872,011-2,182-2,182N/A9/30/20234,8501,960-3,230-3,104N/A6/30/20234,6431,949-3,833-3,758N/A3/31/20234,4811,8324,0364,115N/A12/31/20224,4101,7462,1262,207N/A9/30/20224,3181,733-3,003-2,860N/A6/30/20224,1661,629-5,864-5,702N/A3/31/20223,8951,485-10,847-10,695N/A12/31/20213,6251,400-11,213-11,062N/A9/30/20213,4551,253-5,509-5,400N/A6/30/20213,2891,185-4,654-4,519N/A3/31/20213,2351,123-2,901-2,735N/A12/31/20203,1911,047-2,016-1,861N/A9/30/20202,999916-911-781N/A6/30/20202,907822-1,073-994N/A3/31/20202,737744-1,643-1,592N/A12/31/20192,525681N/A-1,436N/A9/30/20192,389614N/A-1,478N/A6/30/20192,180563N/A-287N/A3/31/20192,037534N/A-726N/A12/31/20181,885506N/A-898N/A9/30/20181,686474N/A-1,100N/A6/30/20181,554434N/A-901N/A3/31/20181,484439N/A-477N/A12/31/20171,356396N/A-705N/A9/30/20171,289516N/A-490N/A6/30/20171,241468N/A-1,046N/A3/31/20171,109379N/A-1,531N/A12/31/20161,064290N/A-1,485N/A9/30/201698389N/A-1,686N/A6/30/201686259N/A-1,720N/A3/31/201677943N/A-1,231N/A12/31/201571995N/A-1,431N/A9/30/2015670121N/A-1,554N/A6/30/2015616133N/A-1,480N/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: JMTの予測収益成長率 (年間13.9% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: JMTの収益 ( 13.9% ) はTH市場 ( 11% ) よりも速いペースで成長すると予測されています。高成長収益: JMT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: JMTの収益 ( 2.2% ) TH市場 ( 10.2% ) よりも低い成長が予測されています。高い収益成長: JMTの収益 ( 2.2% ) 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: JMT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 ( 4.6 %)。成長企業の発掘7D1Y7D1Y7D1YDiversified-financials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/13 23:24終値2026/06/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋JMT Network Services 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。18 アナリスト機関Narumon EkasamutBofA Global ResearchSuwat BumrungchatudomBualuang Securities PCLAnakepong PutthapibalBualuang Securities PCL15 その他のアナリストを表示
Price Target Changed • Feb 07Price target decreased by 11% to ฿9.49Down from ฿10.64, the current price target is an average from 7 analysts. New target price is 14% above last closing price of ฿8.35. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.75 for next year compared to ฿1.11 last year.
Price Target Changed • Nov 05Price target decreased by 11% to ฿12.67Down from ฿14.23, the current price target is an average from 8 analysts. New target price is 37% above last closing price of ฿9.25. Stock is down 50% over the past year. The company is forecast to post earnings per share of ฿0.82 for next year compared to ฿1.11 last year.
Major Estimate Revision • Aug 20Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.06b to ฿4.85b. EPS estimate also fell from ฿1.02 per share to ฿0.825 per share. Net income forecast to grow 6.8% next year vs 7.8% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿13.67. Share price fell 4.2% to ฿11.50 over the past week.
Price Target Changed • Aug 07Price target decreased by 8.5% to ฿13.82Down from ฿15.09, the current price target is an average from 8 analysts. New target price is 14% above last closing price of ฿12.10. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of ฿1.02 for next year compared to ฿1.11 last year.
Major Estimate Revision • May 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.29b to ฿5.15b. EPS estimate also fell from ฿1.21 per share to ฿1.05 per share. Net income forecast to grow 6.8% next year vs 12% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿15.09 to ฿13.87. Share price fell 17% to ฿10.40 over the past week.
Price Target Changed • May 17Price target decreased by 8.1% to ฿13.87Down from ฿15.09, the current price target is an average from 9 analysts. New target price is 28% above last closing price of ฿10.80. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.11 last year.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.17 (vs ฿0.23 in 1Q 2025)First quarter 2026 results: EPS: ฿0.17 (down from ฿0.23 in 1Q 2025). Revenue: ฿1.12b (down 12% from 1Q 2025). Net income: ฿252.2m (down 24% from 1Q 2025). Profit margin: 23% (down from 26% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿8.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.85 per share.
New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Dividend is not well covered by earnings (95% payout ratio).
Reported Earnings • Feb 14Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: ฿0.70 (down from ฿1.11 in FY 2024). Revenue: ฿4.80b (down 8.1% from FY 2024). Net income: ฿1.03b (down 36% from FY 2024). Profit margin: 21% (down from 31% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 13JMT Network Services Public Company Limited Proposes Cash Dividend for the Operating Period from 01 July 2025 to 31 December 2025, Payable on 06 May 2026JMT Network Services Public Company Limited has already paid an interim dividend from the operating results for the first half of 2025 at the rate of THB 0.24 per share on 12 September 2025. In this regard, the Board of Directors' Meeting No. 1/2026 approved an additional dividend payment from the operating results for the second half of 2025 at the rate of THB 0.43 per share. The record date for shareholders entitled to receive the dividend is 4 March 2026, and the dividend payment date is scheduled for 6 May 2026. The entitlement to such dividend payment remains subject to approval by the Annual General Meeting of Shareholders to be held on 9 April 2026. Ex-dividend date is 02 March 2026. Paid from Operating period from 01 July 2025 to 31 December 2025.
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ฿10.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.27 per share.
お知らせ • Feb 12JMT Network Services Public Company Limited, Annual General Meeting, Apr 09, 2026JMT Network Services Public Company Limited, Annual General Meeting, Apr 09, 2026, at 11:00 SE Asia Standard Time. Location: jaymart group holdings public company limited`s, meeting room, 2nd floor, building b, located at 189 jaymart building, ramkhamhaeng road, rat phatthana, sub-district, saphan sung district, bangkok Thailand
Price Target Changed • Feb 07Price target decreased by 11% to ฿9.49Down from ฿10.64, the current price target is an average from 7 analysts. New target price is 14% above last closing price of ฿8.35. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.75 for next year compared to ฿1.11 last year.
Buy Or Sell Opportunity • Jan 19Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to ฿8.75. The fair value is estimated to be ฿7.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change).
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿7.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Finance industry in Thailand. Total loss to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.13 per share.
Reported Earnings • Nov 12Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: ฿0.16 (down from ฿0.29 in 3Q 2024). Revenue: ฿1.17b (down 8.6% from 3Q 2024). Net income: ฿231.3m (down 46% from 3Q 2024). Profit margin: 20% (down from 33% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Nov 05Price target decreased by 11% to ฿12.67Down from ฿14.23, the current price target is an average from 8 analysts. New target price is 37% above last closing price of ฿9.25. Stock is down 50% over the past year. The company is forecast to post earnings per share of ฿0.82 for next year compared to ฿1.11 last year.
Major Estimate Revision • Aug 20Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.06b to ฿4.85b. EPS estimate also fell from ฿1.02 per share to ฿0.825 per share. Net income forecast to grow 6.8% next year vs 7.8% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿13.67. Share price fell 4.2% to ฿11.50 over the past week.
Declared Dividend • Aug 16First half dividend reduced to ฿0.24Dividend of ฿0.24 is 37% lower than last year. Ex-date: 26th August 2025 Payment date: 12th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.25 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.17 (down from ฿0.25 in 2Q 2024). Revenue: ฿1.21b (down 7.5% from 2Q 2024). Net income: ฿246.5m (down 33% from 2Q 2024). Profit margin: 20% (down from 28% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Aug 07Price target decreased by 8.5% to ฿13.82Down from ฿15.09, the current price target is an average from 8 analysts. New target price is 14% above last closing price of ฿12.10. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of ฿1.02 for next year compared to ฿1.11 last year.
Buy Or Sell Opportunity • Aug 06Now 23% overvaluedOver the last 90 days, the stock has fallen 7.5% to ฿12.40. The fair value is estimated to be ฿10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.
Buy Or Sell Opportunity • Jun 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to ฿8.90. The fair value is estimated to be ฿11.20, 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 declined by 4.0%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿9.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.23 per share.
Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to ฿8.90. The fair value is estimated to be ฿11.26, 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 declined by 4.0%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Major Estimate Revision • May 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿5.29b to ฿5.15b. EPS estimate also fell from ฿1.21 per share to ฿1.05 per share. Net income forecast to grow 6.8% next year vs 12% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿15.09 to ฿13.87. Share price fell 17% to ฿10.40 over the past week.
Price Target Changed • May 17Price target decreased by 8.1% to ฿13.87Down from ฿15.09, the current price target is an average from 9 analysts. New target price is 28% above last closing price of ฿10.80. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.11 last year.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.23 (vs ฿0.29 in 1Q 2024)First quarter 2025 results: EPS: ฿0.23 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.27b (down 6.6% from 1Q 2024). Net income: ฿330.0m (down 21% from 1Q 2024). Profit margin: 26% (down from 31% in 1Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿10.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.08 per share.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿14.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.18 per share.
Upcoming Dividend • Feb 18Upcoming dividend of ฿0.28 per shareEligible shareholders must have bought the stock before 25 February 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 60% and the cash payout ratio is 88%. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.4%).
Price Target Changed • Feb 13Price target decreased by 9.1% to ฿15.83Down from ฿17.41, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ฿13.20. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿1.21 for next year compared to ฿1.11 last year.
お知らせ • Feb 13JMT Network Services Public Company Limited Announces Changes to Sub-Committee Names and PositionsThe Board of Directors meeting of JMT Network Services Public Company Limited No. 1/2025 held on February 11, 2025, a resolution was passed to change the names of the sub-committees and the titles of their members. The previous name of the subcommittee was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and the new name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. So, the position name changes are: Mr. Somsak Athisaitrakul’s Previous position was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and new position name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Mr.Piya Pong-acha’s Previous position name was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and New position name is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Ms. Yuvadee Pong-acha’s previous position was Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee and new position is Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. The previous name of the subcommittee was Audit committee, and the new name is The Risk Management and Audit Committee. So, the position name changes are: Mr. Rerngchai Inkapakorn’s previous position was Chairman of the Audit Committee and New position name are Chairman of the Risk Management and Audit Committee. Mr. Kanchit Kawachat’s previous position was Audit Committee, and new position is The Risk Management and Audit Committee. Mr. Somsak Athisaitrakul’s previous position was Audit Committee the Risk Management and Audit Committee.
Reported Earnings • Feb 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿1.11 (down from ฿1.38 in FY 2023). Revenue: ฿5.23b (up 2.7% from FY 2023). Net income: ฿1.62b (down 20% from FY 2023). Profit margin: 31% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 12+ 1 more updateJMT Network Services Public Company Limited, Annual General Meeting, Apr 10, 2025JMT Network Services Public Company Limited, Annual General Meeting, Apr 10, 2025, at 11:00 SE Asia Standard Time. Location: jmart meeting room, 2nd fl, building b, jaymart group holdings (hq) ramkhamhaeng rd, saphan sung district, bkk, Thailand
New Risk • Jan 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Dividend is not well covered by cash flows (107% cash payout ratio).
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿14.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.30 per share.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿19.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.32 per share.
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.29 (vs ฿0.32 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.29 (down from ฿0.32 in 3Q 2023). Revenue: ฿1.29b (down 1.7% from 3Q 2023). Net income: ฿429.9m (down 7.8% from 3Q 2023). Profit margin: 33% (down from 36% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. 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 33% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 08Price target increased by 15% to ฿15.94Up from ฿13.88, the current price target is an average from 8 analysts. New target price is 20% below last closing price of ฿20.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.13 for next year compared to ฿1.38 last year.
Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿21.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.08 per share.
Buy Or Sell Opportunity • Sep 02Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to ฿16.60. The fair value is estimated to be ฿13.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 6.0% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 36%After last week's 36% share price gain to ฿13.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Finance industry in Thailand. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.31 per share.
Major Estimate Revision • Aug 16Consensus EPS estimates fall by 16%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿5.21b to ฿5.30b. EPS estimate fell from ฿1.21 to ฿1.02 per share. Net income forecast to shrink 3.9% next year vs 9.2% growth forecast for Consumer Finance industry in Thailand . Consensus price target down from ฿18.74 to ฿14.79. Share price rose 36% to ฿13.50 over the past week.
Declared Dividend • Aug 14First half dividend increased to ฿0.38Dividend of ฿0.38 is 12% higher than last year. Ex-date: 22nd August 2024 Payment date: 5th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Aug 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.25 (vs ฿0.38 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.25 (down from ฿0.38 in 2Q 2023). Revenue: ฿1.31b (up 4.5% from 2Q 2023). Net income: ฿366.9m (down 33% from 2Q 2023). Profit margin: 28% (down from 44% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
お知らせ • Aug 10JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2024 to 30 June 2024, Payable on 05 September 2024JMT Network Services Public Company Limited declared Interim Dividend of THB 0.38 per share for the operating period from January 01, 2024 to June 30, 2024, payable on September 05, 2024. Record date for the right to receive dividends is August 23, 2024 and Ex-dividend date is August 22, 2024.
Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 46% to ฿11.30. The fair value is estimated to be ฿14.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿12.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Finance industry in Thailand. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.62 per share.
Price Target Changed • Jun 19Price target decreased by 7.6% to ฿18.74Down from ฿20.29, the current price target is an average from 8 analysts. New target price is 28% above last closing price of ฿14.60. Stock is down 62% over the past year. The company is forecast to post earnings per share of ฿1.21 for next year compared to ฿1.38 last year.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿14.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿14.06 per share.
Price Target Changed • May 17Price target decreased by 9.6% to ฿26.17Down from ฿28.96, the current price target is an average from 7 analysts. New target price is 50% above last closing price of ฿17.50. Stock is down 59% over the past year. The company is forecast to post earnings per share of ฿1.45 for next year compared to ฿1.38 last year.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿17.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿17.52 per share.
Buy Or Sell Opportunity • Apr 10Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to ฿23.40. The fair value is estimated to be ฿19.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Upcoming Dividend • Apr 10Upcoming dividend of ฿0.49 per shareEligible shareholders must have bought the stock before 17 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.1%).
Buy Or Sell Opportunity • Mar 14Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to ฿23.30. The fair value is estimated to be ฿19.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Declared Dividend • Feb 14Final dividend reduced to ฿0.49Dividend of ฿0.49 is 17% lower than last year. Ex-date: 11th April 2024 Payment date: 3rd May 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Feb 13Now 31% overvaluedOver the last 90 days, the stock has fallen 3.3% to ฿24.90. The fair value is estimated to be ฿19.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
お知らせ • Feb 13JMT Network Services Public Company Limited, Annual General Meeting, Apr 05, 2024JMT Network Services Public Company Limited, Annual General Meeting, Apr 05, 2024, at 11:00 SE Asia Standard Time. Location: 2nd floor, Building B, Jaymart Group Holdings Public Company Limited No. 189 Jay Mart Building, Ramkhamhaeng Road, Rat Phatthana Subdistrict, Saphan Sung District Bangkok Thailand Agenda: To certify Minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the report on the Company's operating result for the year 2023; to consider and approve the audited financial statement for the year ended 31 December 2023; to consider and approve the payment of dividend derived from the operating result in respect of the year ended 31 December 2023; to consider and approve the appointment of directors to replace those retiring by rotation for the year 2024; and to consider other business matters.
Reported Earnings • Feb 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿1.38 (up from ฿1.22 in FY 2022). Revenue: ฿5.09b (up 15% from FY 2022). Net income: ฿2.01b (up 15% from FY 2022). Profit margin: 40% (in line with FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Feb 12JMT Network Services Public Company Limited Proposes Interim Dividend, Payable on May 3, 2024JMT Network Services Public Company Limited at its board of directors meeting held on February 12, 2024, proposed to consider and approve pay dividends from retained earnings and net profit of 2023 to shareholders at the rate of THB 0.83 per share. In this regard, the company has already announced an interim dividend of THB 0.34 per share from the first half of 2023 operating results, so the remaining payment in this period is THB 0.49 per share. The list of shareholders entitled to dividends will be published on April 12, 2024, and the dividend will be paid on May 3, 2024.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿23.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿18.54 per share.
Buy Or Sell Opportunity • Jan 24Now 25% overvaluedOver the last 90 days, the stock has fallen 26% to ฿22.50. The fair value is estimated to be ฿17.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 5.8%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿21.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿17.78 per share.
Reported Earnings • Nov 15Third 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: ฿1.31b (up 19% from 3Q 2022). Net income: ฿466.3m (up 2.4% from 3Q 2022). Profit margin: 36% (down from 41% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Consumer Finance industry in Thailand. 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 8% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 11Price target decreased by 20% to ฿37.50Down from ฿46.60, the current price target is an average from 5 analysts. New target price is 39% above last closing price of ฿27.00. Stock is down 59% over the past year. The company is forecast to post earnings per share of ฿1.41 for next year compared to ฿1.22 last year.
New Risk • Nov 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ฿27.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿20.09 per share.
Price Target Changed • Oct 18Price target decreased by 13% to ฿48.20Down from ฿55.20, the current price target is an average from 5 analysts. New target price is 45% above last closing price of ฿33.25. Stock is down 49% over the past year. The company is forecast to post earnings per share of ฿1.47 for next year compared to ฿1.22 last year.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ฿38.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿21.62 per share.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.34 per share at 2.8% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Thai dividend payers (6.4%). In line with average of industry peers (3.0%).
お知らせ • Aug 11JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 08 September 2023JMT Network Services Public Company Limited declared Interim Dividend of THB 0.34 per share (Par value: THB 0.50) for the operating period from January 01, 2023 to June 30, 2023, payable on September 08, 2023 . Record date for the right to receive dividends August 25, 2023 and Ex-dividend date August 24, 2023.
New Risk • Aug 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change).
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.30 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.38 (up from ฿0.30 in 2Q 2022). Revenue: ฿1.25b (up 15% from 2Q 2022). Net income: ฿551.0m (up 27% from 2Q 2022). Profit margin: 44% (up from 40% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿38.25, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total returns to shareholders of 49% over the past three years.
Price Target Changed • Jul 04Price target decreased by 9.9% to ฿58.33Down from ฿64.75, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿38.25. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿1.44 for next year compared to ฿1.22 last year.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿33.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Consumer Finance industry in Thailand. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.86 per share.
Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.31 (vs ฿0.27 in 1Q 2022)First quarter 2023 results: EPS: ฿0.31 (up from ฿0.27 in 1Q 2022). Revenue: ฿1.15b (up 6.6% from 1Q 2022). Net income: ฿453.1m (up 24% from 1Q 2022). Profit margin: 39% (up from 34% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 04Upcoming dividend of ฿0.59 per share at 2.6% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 02 May 2023. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (2.7%).
Price Target Changed • Feb 25Price target decreased by 14% to ฿70.13Down from ฿81.38, the current price target is an average from 4 analysts. New target price is 48% above last closing price of ฿47.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.22 last year.
Major Estimate Revision • Feb 16Consensus revenue estimates fall by 13%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿5.46b to ฿4.77b. EPS estimate fell from ฿1.65 to ฿1.36 per share. Net income forecast to grow 12% next year vs 14% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿81.38 to ฿76.38. Share price fell 13% to ฿45.50 over the past week.
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿42.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Consumer Finance industry in Thailand. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.59 per share.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿53.75, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Consumer Finance industry in Thailand. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿27.87 per share.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somsak Atisaitrakul was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 12Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: ฿1.10b (up 16% from 3Q 2021). Net income: ฿455.5m (up 30% from 3Q 2021). Profit margin: 41% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.49 per shareEligible shareholders must have bought the stock before 24 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (5.4%). Lower than average of industry peers (1.8%).
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.30 (vs ฿0.26 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.30 (up from ฿0.26 in 2Q 2021). Revenue: ฿1.09b (up 33% from 2Q 2021). Net income: ฿433.3m (up 50% from 2Q 2021). Profit margin: 40% (up from 35% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 16First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.27. Revenue: ฿1.08b (up 33% from 1Q 2021). Net income: ฿367.0m (up 30% from 1Q 2021). Profit margin: 34% (in line with 1Q 2021). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 27%, compared to a 36% growth forecast for the industry in Thailand.
Price Target Changed • Apr 27Price target increased to ฿83.40Up from ฿76.00, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ฿86.00. Stock is up 92% over the past year. The company is forecast to post earnings per share of ฿1.51 for next year compared to ฿1.29 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somsak Atisaitrakul was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Apr 15Price target increased to ฿83.40Up from ฿76.00, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ฿84.50. Stock is up 85% over the past year. The company is forecast to post earnings per share of ฿1.51 for next year compared to ฿1.29 last year.
Upcoming Dividend • Apr 12Upcoming dividend of ฿0.42 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (1.8%).
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿79.00, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 17x in the Consumer Finance industry in Thailand. Total returns to shareholders of 550% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿44.38 per share.
Major Estimate Revision • Mar 05Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿4.72b to ฿4.24b. EPS estimate fell from ฿1.56 to ฿1.37 per share. Net income forecast to grow 34% next year vs 21% growth forecast for Consumer Finance industry in Thailand. Consensus price target broadly unchanged at ฿76.75. Share price fell 3.0% to ฿65.50 over the past week.
Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿1.29 (up from ฿1.15 in FY 2020). Revenue: ฿3.62b (up 14% from FY 2020). Net income: ฿1.40b (up 34% from FY 2020). Profit margin: 39% (up from 33% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 30%, compared to a 33% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Dec 19Price target increased to ฿58.00Up from ฿53.25, the current price target is an average from 3 analysts. New target price is 7.9% below last closing price of ฿63.00. Stock is up 97% over the past year. The company is forecast to post earnings per share of ฿1.30 for next year compared to ฿1.15 last year.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ฿0.32 (vs ฿0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿948.9m (up 21% from 3Q 2020). Net income: ฿351.7m (up 24% from 3Q 2020). Profit margin: 37% (up from 36% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿49.75, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Consumer Finance industry in Thailand. Total returns to shareholders of 345% over the past three years.