View ValuationWSOL 将来の成長Future 基準チェック /06現在、 WSOLの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Diversified Financial 収益成長10.9%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Major Estimate Revision • Jun 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.38 to ฿0.50. Revenue forecast unchanged at ฿4.26b. Net income forecast to grow 208% next year vs 20% growth forecast for IT industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 6.4% to ฿19.90 over the past week.Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.58 to ฿0.38. Revenue forecast unchanged from ฿4.26b at last update. Net income forecast to grow 208% next year vs 21% growth forecast for Online Retail industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 5.3% to ฿26.00 over the past week.すべての更新を表示Recent updatesお知らせ • Nov 15WSOL Public Company Limited to Report Q3, 2025 Results on Nov 14, 2025WSOL Public Company Limited announced that they will report Q3, 2025 results on Nov 14, 2025Reported Earnings • Aug 20Second quarter 2025 earnings released: ฿0.11 loss per share (vs ฿1.75 loss in 2Q 2024)Second quarter 2025 results: ฿0.11 loss per share (improved from ฿1.75 loss in 2Q 2024). Revenue: ฿545.2m (down 66% from 2Q 2024). Net loss: ฿272.4m (loss narrowed 91% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance.Board Change • Jun 26High number of new and inexperienced directorsThere are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Nawat Itsaragrisil is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • May 19First quarter 2025 earnings released: ฿0.56 loss per share (vs ฿1.14 loss in 1Q 2024)First quarter 2025 results: ฿0.56 loss per share (improved from ฿1.14 loss in 1Q 2024). Revenue: ฿504.9m (down 73% from 1Q 2024). Net loss: ฿1.37b (loss narrowed 30% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.お知らせ • Apr 29An undisclosed buyer acquired 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY).An undisclosed buyer acquired 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY) on April 28, 2025. An undisclosed buyer completed the acquisition of 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY) on April 28, 2025.Reported Earnings • Mar 07Full year 2024 earnings released: ฿3.44 loss per share (vs ฿0.11 loss in FY 2023)Full year 2024 results: ฿3.44 loss per share (further deteriorated from ฿0.11 loss in FY 2023). Revenue: ฿5.38b (down 44% from FY 2023). Net loss: ฿6.24b (loss widened ฿6.05b from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.お知らせ • Mar 04Sabuy Technology Public Company Limited, Annual General Meeting, Apr 28, 2025Sabuy Technology Public Company Limited, Annual General Meeting, Apr 28, 2025, at 13:00 SE Asia Standard Time.お知らせ • Mar 03Sabuy Technology Public Company Limited Announces Board and Committee ChangesSabuy Technology Public Company Limited announced resignation of Mr. Chakkrit Parapuntakul: Position in company: Chairman. Effective Date: 09 July 2018. Expire Date: 28 February 2025. Position in company: Independent Director Effective Date: 09 July 2018, Expire Date: 28 February 2025. Position in company: Chairman of the Audit Committee Effective Date: 09 July 2018, Expire Date: 28 February 2025 and appointment of Mr. Pornchai Rujiprapa: Position in company: Chairman, Board of Director, Effective Date: 28 February 2025. Position in company: Director, Effective Date: 28 February 2025. Position in company: Independent Director, Effective Date: 28 February 2025. Resignation of Mr. Wilert Orawanwong as Director, Effective Date: 28 January 2025, Expire Date: 28 February 2025 and appointment of Mr. Jirayut Rungsrithong Position in Company: Independent Director, Effective Date: 28 February 2025. Position In Company: Chairman, Audit Committee, Effective Date: 28 February 2025. The Audit Committee is consisted of Chairman, Audit Committee - Mr. Jirayut Rungsrithong, Audit Committee - Mr. Pitak Pruittisarikorn, Mrs. Veeranuch. Audit Committee – Thammavaranucupt.New Risk • Jan 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿1.34b market cap, or US$39.7m).お知らせ • Jan 30Sabuy Technology Public Company Limited Announces Resignation of Wilert Orawanwong as Independent DirectorSabuy Technology Public Company Limited announced the resignation of Mr. Wilert Orawanwong from his position as an Independent Director effective from 28 January 2025. However, Mr. Wilert Orawanwong will continue to serve as a Director of Sabuy Technology Public Company Limited.お知らせ • Jan 24Sabuy Technology Public Company Limited Announces Board and Committee ChangesSabuy Technology Public Company Limited at the Board of Directors Meeting No. 1/2025, held on January 23, 2025, approved the Mr. Juthipan Mongkolsuthree and Mr. Wirach Morakotkarn as Director. The company approved appointment of Police Major General Athip Pongsiwaphai - Independent Director. Approved the appointment of Mrs.Veeranuch Thammavaranucupt, as an Independent Director and to be a member of the Audit Committee. Approved the appointment sub-committees as follows: Audit Committee: Mr. Chakkrit Parapuntakul - Chairman of Audit Committee; Mr. Pitak Pruittisarikorn - Audit Committee; Mrs. Veeranuch Thammavaranucupt - Audit Committee. Nomination and Remuneration Committee: Mr. Pitak Pruittisarikorn - Chairman of Nomination and Remuneration Committee; Mr. Ithichai Poolvaraluck - Nomination and Remuneration Committee. Risk Management Committee: Mr. Pumipat Sinacharoen - Chairman of Risk Management Committee; Mr. Ithichai Poolvaraluck - Risk Management Committee; Mr. Thaphop Kleesuwan - Risk Management Committee. Executive Committee: Mr. Ithichai Poolvaraluck - Chairman of Executive Committee; Mr. Nawat Issarakrisil - Vice Chairman of Executive Committee; Mr. Thaphop Kleesuwan - Executive Committee. After appointing, Board of Directors of the Company are: Mr. Chakkrit Parapuntakul Chairman, Independent Director, Chairman of Audit Committee; Pol,Maj.Gen Athip Pongsiwaphai Independent Director; Mr. Pitak Pruittisarikorn Independent Director, Audit Committee, Chairman of Nomination and Remuneration Committee; Mr. Ithichai Poolvaraluck Director, Chairman of Executive Committee, Nomination and Remuneration Committee, Risk Management Committee; Mr. Nawat Issarakrisil Director, Vice Chairman of Executive Committee; Mr. Thaphop Kleesuwan Director, Risk Management Committee, Executive Committee; Mr. Pumipat Sinacharoen Director, Chairman of Risk Management Committee; Mr. Wilert Orawanwong Independent Director; Mrs. Veeranuch Thammavaranucupt Independent Director, Audit Committee.Effective from January 23, 2025 onwards.お知らせ • Aug 30Sabuy Technology Public Company Limited announced that it expects to receive THB 760 million in fundingSabuy Technology Public Company Limited announced a private placement of 760,000,000 common shares at the price of TBH 1 per share for gross proceeds of TBH 760,000,000 on August 29, 2024. The transaction has been approved by the board of directors of the company. The transaction included participation from new investors Kesara for 350,000,000 shares; Holding L for 360,000,000 shares; and Waris for 50,000,000 shares.Reported Earnings • Aug 17Second quarter 2024 earnings released: ฿1.75 loss per share (vs ฿0.13 profit in 2Q 2023)Second quarter 2024 results: ฿1.75 loss per share (down from ฿0.13 profit in 2Q 2023). Revenue: ฿1.61b (down 37% from 2Q 2023). Net loss: ฿2.91b (down ฿3.09b from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 7 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jun 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 79% to ฿1.03. The fair value is estimated to be ฿1.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 17First quarter 2024 earnings released: ฿1.14 loss per share (vs ฿0.10 profit in 1Q 2023)First quarter 2024 results: ฿1.14 loss per share (down from ฿0.10 profit in 1Q 2023). Revenue: ฿1.89b (down 25% from 1Q 2023). Net loss: ฿1.96b (down ฿2.13b from profit in 1Q 2023). 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 35% per year, which means it is performing significantly worse than earnings.お知らせ • May 16Sabuy Technology Public Company Limited Approves Board ChangesThe Board of Directors Meeting of Sabuy Technology Public Company Limited held on May 15, 2024 approved the the appointment of directors to replace the resigned directors. Mr. Santithorn Bunchua as a director replacing Mr. Narongchai Wongtanavimok. Mr. Kittipol Thanasit as a director replacing Mr. Worawit Chailimpamontri. Effective from May 16, 2024 onwards, continuing the term from the former directors.お知らせ • Apr 30Sabuy Technology Public Company Limited Approves Omission of Dividend Payments for the Year 2023Sabuy Technology Public Company Limited approved at its Annual General Shareholders Meeting held on April 29, 2024, the non-allocation of profits and the omission of dividend payments for the year 2023.お知らせ • Apr 10+ 2 more updatesSabuy Technology Public Company Limited announced that it expects to receive THB 2.99 billion in funding from Lightnet Pte. Ltd.Sabuy Technology Public Company Limited announced a private placement to issue 1,300,000,000 shares with a par value of 1.00 baht per share, for sale to a limited number of persons with the offering price THB 2.3 per share for a gross proceeds THB 2,990,000,000 on April 10, 2024. The transaction includes participation from new investor, Lightnet Pte. Ltd and Anonchai Veeraprawat. Lightnet Pte. Ltd will subscribe 1,200,000,000 shares and Arnonchai Veerapravati will subscribe 100,000,000 shares. The transaction was approved by shareholders and board of directors.New Risk • Apr 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.61b market cap, or US$98.6m).お知らせ • Mar 16Sabuy Technology Public Company Limited Proposes Omission of Dividend Payments for the Year 2023Sabuy Technology Public Company Limited at its board meeting held on March 15, 2024, approved to propose at its Annual General Shareholders' Meeting to be held on April 29, 2024, the non-allocation of profits and the omission of dividend payments for the year 2023.お知らせ • Mar 14Sabuy Technology Public Company Limited Appoints Khanat Kruthakul as an Independent DirectorSABUY Technology Public Company Limited at its Board of Directors Meeting held on March 11, 2024, approved appointment of Mr. Khanat Kruthakul, Director as an Independent Director. Approved the appointment of sub-committees as follows: Audit Committee: Mr. Chakkrit Parapanthakul Chairman of the Audit Committee Mrs. Umawadee Rattanaudom Audit Committee Member and Mr. Khanat Kruthakul Audit Committee Member.お知らせ • Mar 13Sabuy Technology Public Company Limited Announces Chief Executive Officer ChangesSabuy Technology Public Company Limited at its board meeting held on March 11, 2024 approved the appointment of Mr. Wirach Morakotkarn as the new Chief Executive Officer to replace Mr. Chookiat Rujanapornpajee.お知らせ • Mar 12SABUY Technology Public Company Limited Announces Board ChangesSABUY Technology Public Company Limited at its board meeting held on March 11, 2024 Approved the appointment of Mr. Narongchai Wongthanavimok, currently serving as a CFO, has been approved to replace Mr. Saran Supaksaran, who holds the positions of Independent Director, Audit Committee member, and Chairman of the Nomination and Remuneration Committee; Approved the appointment of sub-committees as follows: Audit Committee: Mr. Chakkrit Parapanthakul Chairman of the Audit Committee, Mrs. Umawadee Rattanaudom Audit Committee Member, Mr. Khanat Kruthakul Audit Committee Member. Nomination and Remuneration Committee: Mrs. Umawadee Rattanaudom Chairman of the Nomination and Remuneration Committee, Mr. Worawit Chailimpamontri Member of the Nomination and Remuneration Committee, Dr. Kanat Kruthakul Member of the Nomination and Remuneration Committee. Executive Committee: Mr. Worawit Chailimpamontri Executive Committee, Mr. Wirach Morakotkarn Member of the Executive Committee, Mr. Santithorn Bunchua Member of the Executive Committee, Mr. Narongchai Wongthanavimok Member of the Executive Committee, Ms. Tachanun Kangwantrakool Member of the Executive Committee. Risk Management Committee: Mr. Worawit Chailimpamontri Chairman of the Risk Management Committee, Mr. Wirach Morakotkarn Member of the Risk Management Committee, Mr. Santithorn Bunchua Member of the Risk Management Committee, Mr. Wachirathon Kongsuk Member of the Risk Management Committee, Mr. Narongchai Wongthanavimok Member of the Risk Management Committee, Mr. Poonpat Sripleng Member of the Risk Management Committee.Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.11 loss per share (vs ฿1.07 profit in FY 2022)Full year 2023 results: ฿0.11 loss per share (down from ฿1.07 profit in FY 2022). Revenue: ฿9.63b (up 81% from FY 2022). Net loss: ฿189.8m (down 113% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 01SABUY Technology Public Company Limited, Annual General Meeting, Apr 29, 2024SABUY Technology Public Company Limited, Annual General Meeting, Apr 29, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider Omitted dividend payment; to consider and certify the minutes of the extraordinary general meeting of shareholders No. 2/2023, held on 25 August 2023; to consider and acknowledge the operating results of the company in the year 2022; to consider financial position and the statement of comprehensive income for the fiscal year ending 31 December 2023; to consider and approve the appointment of directors to replace those retiring by rotation for the year 2023; to consider and approve the determination of remuneration of directors and sub-committees for the year 2024; and to consider other related matters.お知らせ • Dec 20SABUY Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 95,000,000 shares, representing 5.12% for THB 617.5 million.SABUY Technology Public Company Limited (SET:SABUY) announces a share repurchase program. Under the program, the company will repurchase up to 95,000,000 shares, representing 5.12% of its issued share capital, for THB 617.50 million. The repurchase price must not exceed 115% of the average closing share price of 5 business days prior to each repurchase date. The purpose of the share repurchases is to ensure the company's excess liquidity management and to increase the Return on Equity ratio, Earnings Per Share ratio and book value per share to build confidence for shareholders. The program will run through March 21, 2024. As of December 18, 2023, the company had 1,853,696,504 shares in outstanding.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿6.05, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total returns to shareholders of 248% over the past three years.New Risk • Nov 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.0% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding).Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.34 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.02 (down from ฿0.34 in 3Q 2022). Revenue: ฿2.47b (up 111% from 3Q 2022). Net income: ฿37.3m (down 93% from 3Q 2022). Profit margin: 1.5% (down from 43% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 11x in the Diversified Financial industry in Thailand. Total loss to shareholders of 47% over the past year.Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿8.55, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 11x in the Diversified Financial industry in Thailand. Total loss to shareholders of 45% over the past year.お知らせ • Aug 17Sabuy Technology Public Company Limited (SET:SABUY) acquired an unknown stake in Asia Vending Machine Operation Co., Ltd.Sabuy Technology Public Company Limited (SET:SABUY) acquired an unknown stake in Asia Vending Machine Operation Co., Ltd. on June 2, 2023. The value of consideration is 14.57%.Sabuy Technology Public Company Limited (SET:SABUY) completed the acquisition of an unknown stake in Asia Vending Machine Operation Co., Ltd. on June 2, 2023.Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.26 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.10 (down from ฿0.26 in 2Q 2022). Revenue: ฿2.57b (up 205% from 2Q 2022). Net income: ฿179.6m (down 50% from 2Q 2022). Profit margin: 7.0% (down from 42% in 2Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.5% decline forecast for the Diversified Financial industry in Asia.New Risk • Aug 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿9.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 54% over the past year.Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿12.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 48% over the past year.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.071 in 1Q 2022)First quarter 2023 results: EPS: ฿0.10 (up from ฿0.071 in 1Q 2022). Revenue: ฿2.53b (up 209% from 1Q 2022). Net income: ฿166.9m (up 56% from 1Q 2022). Profit margin: 6.6% (down from 13% in 1Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Asia.Upcoming Dividend • May 06Upcoming dividend of ฿0.16 per share at 0.2% yieldEligible shareholders must have bought the stock before 12 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 2.6% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (1.5%).お知らせ • May 05Sabuy Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 87,200,000 shares, representing 5.01% for THB 1,090 million.Sabuy Technology Public Company Limited (SET:SABUY) announces a share repurchase program. Under the program, the company will repurchase up to 87,200,000 shares, representing 5.01% of its issued share capital, for THB 1,090 million. The repurchase price must not exceed 115% of the average closing share price of five business days prior to each repurchase date. The purpose of the program is to manage the efficiency of the company's liquidity. The program will run through July 14, 2023. As of March 27, 2023, the company had 1,741,678,788 shares in outstanding.Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 36%After last week's 36% share price gain to ฿11.30, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 48% over the past year.Upcoming Dividend • Apr 26Upcoming dividend of ฿0.026 per share at 0.3% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 2.6% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (1.6%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Chairman of the Board Chakkrit Paraphanthakul was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: ฿0.34 (vs ฿0.054 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.34 (up from ฿0.054 in 3Q 2021). Revenue: ฿1.17b (up 74% from 3Q 2021). Net income: ฿500.7m (up ฿444.6m from 3Q 2021). Profit margin: 43% (up from 8.3% in 3Q 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 30% growth forecast for the IT industry in Thailand.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿12.70, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the IT industry in Thailand. Total returns to shareholders of 21% over the past year.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿13.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the IT industry in Thailand. Total returns to shareholders of 14% over the past year.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿15.90, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 30x in the IT industry in Thailand. Total returns to shareholders of 45% over the past year.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.046 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.26 (up from ฿0.046 in 2Q 2021). Revenue: ฿843.4m (up 113% from 2Q 2021). Net income: ฿356.3m (up ฿309.2m from 2Q 2021). Profit margin: 42% (up from 12% in 2Q 2021). Over the next year, revenue is forecast to grow 59%, compared to a 45% growth forecast for the industry in Thailand.Major Estimate Revision • Jun 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.38 to ฿0.50. Revenue forecast unchanged at ฿4.26b. Net income forecast to grow 208% next year vs 20% growth forecast for IT industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 6.4% to ฿19.90 over the past week.Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.58 to ฿0.38. Revenue forecast unchanged from ฿4.26b at last update. Net income forecast to grow 208% next year vs 21% growth forecast for Online Retail industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 5.3% to ฿26.00 over the past week.Reported Earnings • May 12First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.088 (up from ฿0.033 in 1Q 2021). Revenue: ฿835.4m (up 124% from 1Q 2021). Net income: ฿107.3m (up 219% from 1Q 2021). Profit margin: 13% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 68%, compared to a 32% growth forecast for the industry in Thailand.Buying Opportunity • Apr 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.8%. The fair value is estimated to be ฿34.40, 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 25%. Revenue is forecast to grow by 159% in 2 years. Earnings is forecast to grow by 454% in the next 2 years.Buying Opportunity • Apr 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ฿34.19, 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 25%. Revenue is forecast to grow by 159% in 2 years. Earnings is forecast to grow by 454% in the next 2 years.Buying Opportunity • Mar 07Now 27% undervaluedOver the last 90 days, the stock is up 70%. The fair value is estimated to be ฿36.99, 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% per annum over the last 3 years. Earnings per share has grown by 25% per annum over the last 3 years.Reported Earnings • Feb 24Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.20 (up from ฿0.11 in FY 2020). Revenue: ฿2.34b (up 55% from FY 2020). Net income: ฿213.6m (up 109% from FY 2020). Profit margin: 9.1% (up from 6.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 82%, compared to a 34% growth forecast for the retail industry in Thailand.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ฿0.054 (vs ฿0.023 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿675.0m (up 70% from 3Q 2020). Net income: ฿56.1m (up 171% from 3Q 2020). Profit margin: 8.3% (up from 5.2% in 3Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿10.60, the stock trades at a trailing P/E ratio of 76x. Average trailing P/E is 20x in the Online Retail industry in Asia.Upcoming Dividend • Aug 11Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 18 August 2021. Payment date: 02 September 2021. Trailing yield: 0.3%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (0.9%).Reported Earnings • Aug 05Second quarter 2021 earnings released: EPS ฿0.046 (vs ฿0.023 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ฿395.6m (flat on 2Q 2020). Net income: ฿47.1m (up 128% from 2Q 2020). Profit margin: 12% (up from 5.2% in 2Q 2020).Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿8.25, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 23x in the Online Retail industry in Asia.Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿7.00, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 25x in the Online Retail industry in Asia.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿6.00, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 24x in the Online Retail industry in Asia.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.62, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Online Retail industry in Asia.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 27% share price gain to ฿3.96, the stock trades at a trailing P/E ratio of 35.1x, up from the previous P/E ratio of 27.6x. Average P/E is 26x in the Online Retail industry in Asia. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、WSOL は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:WSOL - 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12/31/20252,126-4,825-100-44N/A9/30/20252,221-2,249-91-25N/A6/30/20252,935-3,001-239-181N/A3/31/20253,997-5,64362153N/A12/31/20245,383-6,238387513N/A9/30/20246,829-6,314-80-770N/A6/30/20248,032-5,412-1-449N/A3/31/20248,986-2,317-868-1,130N/A12/31/20239,630-190-1,333-1,260N/A9/30/202310,055902-1,0494N/A6/30/20238,7591,365-95453N/A3/31/20237,0401,542-580240N/A12/31/20225,3251,482-603108N/A9/30/20223,7281,041-467181N/A6/30/20223,232596-42673N/A3/31/20222,784287-175343N/A12/31/20212,33921472378N/A9/30/20211,839169189411N/A6/30/20211,563135174410N/A3/31/20211,516106141585N/A12/31/20201,513102-28411N/A9/30/20201,47076-56455N/A12/31/20191,27958-46307N/A12/31/20181,32892N/A-83N/A12/31/20171,095-233N/AN/AN/A12/31/20161,455381N/AN/AN/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: WSOLの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: WSOLの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: WSOLの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: WSOLの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: WSOLの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: WSOLの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘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2026/05/22 11:41終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋WSOL Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Wikij TirawannaratBualuang Securities PCLPoramet TongbuaBualuang Securities PCLNapon JaisanBualuang Securities PCL1 その他のアナリストを表示
Major Estimate Revision • Jun 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.38 to ฿0.50. Revenue forecast unchanged at ฿4.26b. Net income forecast to grow 208% next year vs 20% growth forecast for IT industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 6.4% to ฿19.90 over the past week.
Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.58 to ฿0.38. Revenue forecast unchanged from ฿4.26b at last update. Net income forecast to grow 208% next year vs 21% growth forecast for Online Retail industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 5.3% to ฿26.00 over the past week.
お知らせ • Nov 15WSOL Public Company Limited to Report Q3, 2025 Results on Nov 14, 2025WSOL Public Company Limited announced that they will report Q3, 2025 results on Nov 14, 2025
Reported Earnings • Aug 20Second quarter 2025 earnings released: ฿0.11 loss per share (vs ฿1.75 loss in 2Q 2024)Second quarter 2025 results: ฿0.11 loss per share (improved from ฿1.75 loss in 2Q 2024). Revenue: ฿545.2m (down 66% from 2Q 2024). Net loss: ฿272.4m (loss narrowed 91% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance.
Board Change • Jun 26High number of new and inexperienced directorsThere are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Nawat Itsaragrisil is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • May 19First quarter 2025 earnings released: ฿0.56 loss per share (vs ฿1.14 loss in 1Q 2024)First quarter 2025 results: ฿0.56 loss per share (improved from ฿1.14 loss in 1Q 2024). Revenue: ฿504.9m (down 73% from 1Q 2024). Net loss: ฿1.37b (loss narrowed 30% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 29An undisclosed buyer acquired 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY).An undisclosed buyer acquired 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY) on April 28, 2025. An undisclosed buyer completed the acquisition of 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY) on April 28, 2025.
Reported Earnings • Mar 07Full year 2024 earnings released: ฿3.44 loss per share (vs ฿0.11 loss in FY 2023)Full year 2024 results: ฿3.44 loss per share (further deteriorated from ฿0.11 loss in FY 2023). Revenue: ฿5.38b (down 44% from FY 2023). Net loss: ฿6.24b (loss widened ฿6.05b from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 04Sabuy Technology Public Company Limited, Annual General Meeting, Apr 28, 2025Sabuy Technology Public Company Limited, Annual General Meeting, Apr 28, 2025, at 13:00 SE Asia Standard Time.
お知らせ • Mar 03Sabuy Technology Public Company Limited Announces Board and Committee ChangesSabuy Technology Public Company Limited announced resignation of Mr. Chakkrit Parapuntakul: Position in company: Chairman. Effective Date: 09 July 2018. Expire Date: 28 February 2025. Position in company: Independent Director Effective Date: 09 July 2018, Expire Date: 28 February 2025. Position in company: Chairman of the Audit Committee Effective Date: 09 July 2018, Expire Date: 28 February 2025 and appointment of Mr. Pornchai Rujiprapa: Position in company: Chairman, Board of Director, Effective Date: 28 February 2025. Position in company: Director, Effective Date: 28 February 2025. Position in company: Independent Director, Effective Date: 28 February 2025. Resignation of Mr. Wilert Orawanwong as Director, Effective Date: 28 January 2025, Expire Date: 28 February 2025 and appointment of Mr. Jirayut Rungsrithong Position in Company: Independent Director, Effective Date: 28 February 2025. Position In Company: Chairman, Audit Committee, Effective Date: 28 February 2025. The Audit Committee is consisted of Chairman, Audit Committee - Mr. Jirayut Rungsrithong, Audit Committee - Mr. Pitak Pruittisarikorn, Mrs. Veeranuch. Audit Committee – Thammavaranucupt.
New Risk • Jan 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿1.34b market cap, or US$39.7m).
お知らせ • Jan 30Sabuy Technology Public Company Limited Announces Resignation of Wilert Orawanwong as Independent DirectorSabuy Technology Public Company Limited announced the resignation of Mr. Wilert Orawanwong from his position as an Independent Director effective from 28 January 2025. However, Mr. Wilert Orawanwong will continue to serve as a Director of Sabuy Technology Public Company Limited.
お知らせ • Jan 24Sabuy Technology Public Company Limited Announces Board and Committee ChangesSabuy Technology Public Company Limited at the Board of Directors Meeting No. 1/2025, held on January 23, 2025, approved the Mr. Juthipan Mongkolsuthree and Mr. Wirach Morakotkarn as Director. The company approved appointment of Police Major General Athip Pongsiwaphai - Independent Director. Approved the appointment of Mrs.Veeranuch Thammavaranucupt, as an Independent Director and to be a member of the Audit Committee. Approved the appointment sub-committees as follows: Audit Committee: Mr. Chakkrit Parapuntakul - Chairman of Audit Committee; Mr. Pitak Pruittisarikorn - Audit Committee; Mrs. Veeranuch Thammavaranucupt - Audit Committee. Nomination and Remuneration Committee: Mr. Pitak Pruittisarikorn - Chairman of Nomination and Remuneration Committee; Mr. Ithichai Poolvaraluck - Nomination and Remuneration Committee. Risk Management Committee: Mr. Pumipat Sinacharoen - Chairman of Risk Management Committee; Mr. Ithichai Poolvaraluck - Risk Management Committee; Mr. Thaphop Kleesuwan - Risk Management Committee. Executive Committee: Mr. Ithichai Poolvaraluck - Chairman of Executive Committee; Mr. Nawat Issarakrisil - Vice Chairman of Executive Committee; Mr. Thaphop Kleesuwan - Executive Committee. After appointing, Board of Directors of the Company are: Mr. Chakkrit Parapuntakul Chairman, Independent Director, Chairman of Audit Committee; Pol,Maj.Gen Athip Pongsiwaphai Independent Director; Mr. Pitak Pruittisarikorn Independent Director, Audit Committee, Chairman of Nomination and Remuneration Committee; Mr. Ithichai Poolvaraluck Director, Chairman of Executive Committee, Nomination and Remuneration Committee, Risk Management Committee; Mr. Nawat Issarakrisil Director, Vice Chairman of Executive Committee; Mr. Thaphop Kleesuwan Director, Risk Management Committee, Executive Committee; Mr. Pumipat Sinacharoen Director, Chairman of Risk Management Committee; Mr. Wilert Orawanwong Independent Director; Mrs. Veeranuch Thammavaranucupt Independent Director, Audit Committee.Effective from January 23, 2025 onwards.
お知らせ • Aug 30Sabuy Technology Public Company Limited announced that it expects to receive THB 760 million in fundingSabuy Technology Public Company Limited announced a private placement of 760,000,000 common shares at the price of TBH 1 per share for gross proceeds of TBH 760,000,000 on August 29, 2024. The transaction has been approved by the board of directors of the company. The transaction included participation from new investors Kesara for 350,000,000 shares; Holding L for 360,000,000 shares; and Waris for 50,000,000 shares.
Reported Earnings • Aug 17Second quarter 2024 earnings released: ฿1.75 loss per share (vs ฿0.13 profit in 2Q 2023)Second quarter 2024 results: ฿1.75 loss per share (down from ฿0.13 profit in 2Q 2023). Revenue: ฿1.61b (down 37% from 2Q 2023). Net loss: ฿2.91b (down ฿3.09b from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 7 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jun 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 79% to ฿1.03. The fair value is estimated to be ฿1.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 17First quarter 2024 earnings released: ฿1.14 loss per share (vs ฿0.10 profit in 1Q 2023)First quarter 2024 results: ฿1.14 loss per share (down from ฿0.10 profit in 1Q 2023). Revenue: ฿1.89b (down 25% from 1Q 2023). Net loss: ฿1.96b (down ฿2.13b from profit in 1Q 2023). 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 35% per year, which means it is performing significantly worse than earnings.
お知らせ • May 16Sabuy Technology Public Company Limited Approves Board ChangesThe Board of Directors Meeting of Sabuy Technology Public Company Limited held on May 15, 2024 approved the the appointment of directors to replace the resigned directors. Mr. Santithorn Bunchua as a director replacing Mr. Narongchai Wongtanavimok. Mr. Kittipol Thanasit as a director replacing Mr. Worawit Chailimpamontri. Effective from May 16, 2024 onwards, continuing the term from the former directors.
お知らせ • Apr 30Sabuy Technology Public Company Limited Approves Omission of Dividend Payments for the Year 2023Sabuy Technology Public Company Limited approved at its Annual General Shareholders Meeting held on April 29, 2024, the non-allocation of profits and the omission of dividend payments for the year 2023.
お知らせ • Apr 10+ 2 more updatesSabuy Technology Public Company Limited announced that it expects to receive THB 2.99 billion in funding from Lightnet Pte. Ltd.Sabuy Technology Public Company Limited announced a private placement to issue 1,300,000,000 shares with a par value of 1.00 baht per share, for sale to a limited number of persons with the offering price THB 2.3 per share for a gross proceeds THB 2,990,000,000 on April 10, 2024. The transaction includes participation from new investor, Lightnet Pte. Ltd and Anonchai Veeraprawat. Lightnet Pte. Ltd will subscribe 1,200,000,000 shares and Arnonchai Veerapravati will subscribe 100,000,000 shares. The transaction was approved by shareholders and board of directors.
New Risk • Apr 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.61b market cap, or US$98.6m).
お知らせ • Mar 16Sabuy Technology Public Company Limited Proposes Omission of Dividend Payments for the Year 2023Sabuy Technology Public Company Limited at its board meeting held on March 15, 2024, approved to propose at its Annual General Shareholders' Meeting to be held on April 29, 2024, the non-allocation of profits and the omission of dividend payments for the year 2023.
お知らせ • Mar 14Sabuy Technology Public Company Limited Appoints Khanat Kruthakul as an Independent DirectorSABUY Technology Public Company Limited at its Board of Directors Meeting held on March 11, 2024, approved appointment of Mr. Khanat Kruthakul, Director as an Independent Director. Approved the appointment of sub-committees as follows: Audit Committee: Mr. Chakkrit Parapanthakul Chairman of the Audit Committee Mrs. Umawadee Rattanaudom Audit Committee Member and Mr. Khanat Kruthakul Audit Committee Member.
お知らせ • Mar 13Sabuy Technology Public Company Limited Announces Chief Executive Officer ChangesSabuy Technology Public Company Limited at its board meeting held on March 11, 2024 approved the appointment of Mr. Wirach Morakotkarn as the new Chief Executive Officer to replace Mr. Chookiat Rujanapornpajee.
お知らせ • Mar 12SABUY Technology Public Company Limited Announces Board ChangesSABUY Technology Public Company Limited at its board meeting held on March 11, 2024 Approved the appointment of Mr. Narongchai Wongthanavimok, currently serving as a CFO, has been approved to replace Mr. Saran Supaksaran, who holds the positions of Independent Director, Audit Committee member, and Chairman of the Nomination and Remuneration Committee; Approved the appointment of sub-committees as follows: Audit Committee: Mr. Chakkrit Parapanthakul Chairman of the Audit Committee, Mrs. Umawadee Rattanaudom Audit Committee Member, Mr. Khanat Kruthakul Audit Committee Member. Nomination and Remuneration Committee: Mrs. Umawadee Rattanaudom Chairman of the Nomination and Remuneration Committee, Mr. Worawit Chailimpamontri Member of the Nomination and Remuneration Committee, Dr. Kanat Kruthakul Member of the Nomination and Remuneration Committee. Executive Committee: Mr. Worawit Chailimpamontri Executive Committee, Mr. Wirach Morakotkarn Member of the Executive Committee, Mr. Santithorn Bunchua Member of the Executive Committee, Mr. Narongchai Wongthanavimok Member of the Executive Committee, Ms. Tachanun Kangwantrakool Member of the Executive Committee. Risk Management Committee: Mr. Worawit Chailimpamontri Chairman of the Risk Management Committee, Mr. Wirach Morakotkarn Member of the Risk Management Committee, Mr. Santithorn Bunchua Member of the Risk Management Committee, Mr. Wachirathon Kongsuk Member of the Risk Management Committee, Mr. Narongchai Wongthanavimok Member of the Risk Management Committee, Mr. Poonpat Sripleng Member of the Risk Management Committee.
Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.11 loss per share (vs ฿1.07 profit in FY 2022)Full year 2023 results: ฿0.11 loss per share (down from ฿1.07 profit in FY 2022). Revenue: ฿9.63b (up 81% from FY 2022). Net loss: ฿189.8m (down 113% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 01SABUY Technology Public Company Limited, Annual General Meeting, Apr 29, 2024SABUY Technology Public Company Limited, Annual General Meeting, Apr 29, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider Omitted dividend payment; to consider and certify the minutes of the extraordinary general meeting of shareholders No. 2/2023, held on 25 August 2023; to consider and acknowledge the operating results of the company in the year 2022; to consider financial position and the statement of comprehensive income for the fiscal year ending 31 December 2023; to consider and approve the appointment of directors to replace those retiring by rotation for the year 2023; to consider and approve the determination of remuneration of directors and sub-committees for the year 2024; and to consider other related matters.
お知らせ • Dec 20SABUY Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 95,000,000 shares, representing 5.12% for THB 617.5 million.SABUY Technology Public Company Limited (SET:SABUY) announces a share repurchase program. Under the program, the company will repurchase up to 95,000,000 shares, representing 5.12% of its issued share capital, for THB 617.50 million. The repurchase price must not exceed 115% of the average closing share price of 5 business days prior to each repurchase date. The purpose of the share repurchases is to ensure the company's excess liquidity management and to increase the Return on Equity ratio, Earnings Per Share ratio and book value per share to build confidence for shareholders. The program will run through March 21, 2024. As of December 18, 2023, the company had 1,853,696,504 shares in outstanding.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿6.05, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total returns to shareholders of 248% over the past three years.
New Risk • Nov 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.0% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding).
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.34 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.02 (down from ฿0.34 in 3Q 2022). Revenue: ฿2.47b (up 111% from 3Q 2022). Net income: ฿37.3m (down 93% from 3Q 2022). Profit margin: 1.5% (down from 43% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 11x in the Diversified Financial industry in Thailand. Total loss to shareholders of 47% over the past year.
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿8.55, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 11x in the Diversified Financial industry in Thailand. Total loss to shareholders of 45% over the past year.
お知らせ • Aug 17Sabuy Technology Public Company Limited (SET:SABUY) acquired an unknown stake in Asia Vending Machine Operation Co., Ltd.Sabuy Technology Public Company Limited (SET:SABUY) acquired an unknown stake in Asia Vending Machine Operation Co., Ltd. on June 2, 2023. The value of consideration is 14.57%.Sabuy Technology Public Company Limited (SET:SABUY) completed the acquisition of an unknown stake in Asia Vending Machine Operation Co., Ltd. on June 2, 2023.
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.26 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.10 (down from ฿0.26 in 2Q 2022). Revenue: ฿2.57b (up 205% from 2Q 2022). Net income: ฿179.6m (down 50% from 2Q 2022). Profit margin: 7.0% (down from 42% in 2Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.5% decline forecast for the Diversified Financial industry in Asia.
New Risk • Aug 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿9.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 54% over the past year.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿12.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 48% over the past year.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.071 in 1Q 2022)First quarter 2023 results: EPS: ฿0.10 (up from ฿0.071 in 1Q 2022). Revenue: ฿2.53b (up 209% from 1Q 2022). Net income: ฿166.9m (up 56% from 1Q 2022). Profit margin: 6.6% (down from 13% in 1Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Asia.
Upcoming Dividend • May 06Upcoming dividend of ฿0.16 per share at 0.2% yieldEligible shareholders must have bought the stock before 12 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 2.6% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (1.5%).
お知らせ • May 05Sabuy Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 87,200,000 shares, representing 5.01% for THB 1,090 million.Sabuy Technology Public Company Limited (SET:SABUY) announces a share repurchase program. Under the program, the company will repurchase up to 87,200,000 shares, representing 5.01% of its issued share capital, for THB 1,090 million. The repurchase price must not exceed 115% of the average closing share price of five business days prior to each repurchase date. The purpose of the program is to manage the efficiency of the company's liquidity. The program will run through July 14, 2023. As of March 27, 2023, the company had 1,741,678,788 shares in outstanding.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 36%After last week's 36% share price gain to ฿11.30, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 48% over the past year.
Upcoming Dividend • Apr 26Upcoming dividend of ฿0.026 per share at 0.3% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 2.6% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (1.6%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Chairman of the Board Chakkrit Paraphanthakul was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: ฿0.34 (vs ฿0.054 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.34 (up from ฿0.054 in 3Q 2021). Revenue: ฿1.17b (up 74% from 3Q 2021). Net income: ฿500.7m (up ฿444.6m from 3Q 2021). Profit margin: 43% (up from 8.3% in 3Q 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 30% growth forecast for the IT industry in Thailand.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿12.70, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the IT industry in Thailand. Total returns to shareholders of 21% over the past year.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿13.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the IT industry in Thailand. Total returns to shareholders of 14% over the past year.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿15.90, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 30x in the IT industry in Thailand. Total returns to shareholders of 45% over the past year.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.046 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.26 (up from ฿0.046 in 2Q 2021). Revenue: ฿843.4m (up 113% from 2Q 2021). Net income: ฿356.3m (up ฿309.2m from 2Q 2021). Profit margin: 42% (up from 12% in 2Q 2021). Over the next year, revenue is forecast to grow 59%, compared to a 45% growth forecast for the industry in Thailand.
Major Estimate Revision • Jun 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.38 to ฿0.50. Revenue forecast unchanged at ฿4.26b. Net income forecast to grow 208% next year vs 20% growth forecast for IT industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 6.4% to ฿19.90 over the past week.
Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.58 to ฿0.38. Revenue forecast unchanged from ฿4.26b at last update. Net income forecast to grow 208% next year vs 21% growth forecast for Online Retail industry in Thailand. Consensus price target of ฿50.00 unchanged from last update. Share price rose 5.3% to ฿26.00 over the past week.
Reported Earnings • May 12First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.088 (up from ฿0.033 in 1Q 2021). Revenue: ฿835.4m (up 124% from 1Q 2021). Net income: ฿107.3m (up 219% from 1Q 2021). Profit margin: 13% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 68%, compared to a 32% growth forecast for the industry in Thailand.
Buying Opportunity • Apr 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.8%. The fair value is estimated to be ฿34.40, 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 25%. Revenue is forecast to grow by 159% in 2 years. Earnings is forecast to grow by 454% in the next 2 years.
Buying Opportunity • Apr 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ฿34.19, 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 25%. Revenue is forecast to grow by 159% in 2 years. Earnings is forecast to grow by 454% in the next 2 years.
Buying Opportunity • Mar 07Now 27% undervaluedOver the last 90 days, the stock is up 70%. The fair value is estimated to be ฿36.99, 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% per annum over the last 3 years. Earnings per share has grown by 25% per annum over the last 3 years.
Reported Earnings • Feb 24Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.20 (up from ฿0.11 in FY 2020). Revenue: ฿2.34b (up 55% from FY 2020). Net income: ฿213.6m (up 109% from FY 2020). Profit margin: 9.1% (up from 6.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 82%, compared to a 34% growth forecast for the retail industry in Thailand.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS ฿0.054 (vs ฿0.023 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿675.0m (up 70% from 3Q 2020). Net income: ฿56.1m (up 171% from 3Q 2020). Profit margin: 8.3% (up from 5.2% in 3Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿10.60, the stock trades at a trailing P/E ratio of 76x. Average trailing P/E is 20x in the Online Retail industry in Asia.
Upcoming Dividend • Aug 11Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 18 August 2021. Payment date: 02 September 2021. Trailing yield: 0.3%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (0.9%).
Reported Earnings • Aug 05Second quarter 2021 earnings released: EPS ฿0.046 (vs ฿0.023 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ฿395.6m (flat on 2Q 2020). Net income: ฿47.1m (up 128% from 2Q 2020). Profit margin: 12% (up from 5.2% in 2Q 2020).
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿8.25, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 23x in the Online Retail industry in Asia.
Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿7.00, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 25x in the Online Retail industry in Asia.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿6.00, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 24x in the Online Retail industry in Asia.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.62, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Online Retail industry in Asia.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 27% share price gain to ฿3.96, the stock trades at a trailing P/E ratio of 35.1x, up from the previous P/E ratio of 27.6x. Average P/E is 26x in the Online Retail industry in Asia.