View ValuationV.L. Enterprise 将来の成長Future 基準チェック /06現在、 V.L. Enterprise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Oil and Gas 収益成長4.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿0.04 (vs ฿0.063 in FY 2024)Full year 2025 results: EPS: ฿0.04 (down from ฿0.063 in FY 2024). Revenue: ฿738.3m (down 3.2% from FY 2024). Net income: ฿41.4m (down 45% from FY 2024). Profit margin: 5.6% (down from 9.8% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Declared Dividend • Feb 21Dividend of ฿0.015 announcedShareholders will receive a dividend of ฿0.015. Ex-date: 6th March 2026 Payment date: 18th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 21% to shift the payout ratio to a potentially unsustainable range, which is less than the 23% EPS decline seen over the last 5 years.お知らせ • Feb 20V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 21, 2026V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 21, 2026, at 09:00 SE Asia Standard Time. Location: grande centre point ploenchit hotel, ThailandReported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.055 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (down from ฿0.055 in 3Q 2024). Revenue: ฿190.1m (down 3.8% from 3Q 2024). Net income: ฿16.9m (down 74% from 3Q 2024). Profit margin: 8.9% (down from 33% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.001 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.004 (up from ฿0.001 loss in 2Q 2024). Revenue: ฿177.6m (down 3.9% from 2Q 2024). Net income: ฿4.43m (up ฿5.76m from 2Q 2024). Profit margin: 2.5% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Aug 13Now 20% undervaluedOver the last 90 days, the stock has risen 1.1% to ฿0.90. The fair value is estimated to be ฿1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 50%.お知らせ • Jul 02V.L. Enterprise Public Company Limited Announces CFO Changes, Effective July 1, 2025V.L. Enterprise Public Company Limited announced that Miss Tasanee Tawornchaiwat will terminate her role as Chief Financial Officer effective July 1, 2025. Mrs. Chutipa Klinsuwan will be appointed as Acting Chief Financial Officer effective July 1, 2025.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.004 in 1Q 2024)First quarter 2025 results: EPS: ฿0.004 (in line with 1Q 2024). Revenue: ฿179.3m (down 8.6% from 1Q 2024). Net income: ฿5.00m (up 16% from 1Q 2024). Profit margin: 2.8% (up from 2.2% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • May 16New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Risk Revenue is less than US$1m. 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 (-4.7% net profit margin). Market cap is less than US$100m (฿1.05b market cap, or US$31.8m).Buy Or Sell Opportunity • Apr 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to ฿0.83. The fair value is estimated to be ฿1.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 40%.Declared Dividend • Feb 24Final dividend of ฿0.02 announcedShareholders will receive a dividend of ฿0.02. Ex-date: 6th March 2025 Payment date: 16th May 2025 Dividend yield will be 4.4%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 30% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years.New Risk • Feb 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (฿1.08b market cap, or US$32.1m).お知らせ • Feb 21+ 1 more updateV.L. Enterprise Public Company Limited Proposes Annual Cash Dividend for the Year 2024, Payable on 16 May 2025V.L. Enterprise Public Company Limited at its AGM to be held on 18 April 2025, will propose that the remaining cash Dividends shall be paid from the retained earnings-unappropriated under promotional privileges by the Board of Investment (BOI). The Dividends will be paid at the rate of THB 0.02 per share at the amount of THB 23,672,530.30. The record date for the rights to receive dividend is on 7 March 2025 (Record Date). Also the dividend will be paid on 16 May 2025. Ex-dividend date 06 March 2025.Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿0.06 (vs ฿0.027 in FY 2023)Full year 2024 results: EPS: ฿0.06 (up from ฿0.027 in FY 2023). Revenue: ฿820.5m (up 9.8% from FY 2023). Net income: ฿74.8m (up 142% from FY 2023). Profit margin: 9.1% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.01, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 10x in the Oil and Gas industry in Thailand. Total loss to shareholders of 30% over the past three years.New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 140% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿1.46b market cap, or US$42.2m).Upcoming Dividend • Nov 19Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 26 November 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (6.7%).New Risk • Nov 11New 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 12% 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 Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.40b market cap, or US$40.6m).Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ฿1.18, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 10x in the Oil and Gas industry in Thailand. Total loss to shareholders of 25% over the past three years.Buy Or Sell Opportunity • Nov 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿0.88. The fair value is estimated to be ฿1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 30%.お知らせ • Aug 21V.L. Enterprise Public Company Limited Announces Corporate Secretary ChangesV.L. Enterprise Public Company Limited informed that Mrs. Khuanruean Hemnithi has been resigned from the position of the corporate secretary with the effective date of July 25, 2024 onwards. Therefore, to assign Miss Wipada Aatpru be acting as interim company secretary until the election.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿1.04, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 9x in the Oil and Gas industry in Thailand. Total loss to shareholders of 45% over the past three years.Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.001 loss per share (vs ฿0.004 profit in 2Q 2023)Second quarter 2024 results: ฿0.001 loss per share (down from ฿0.004 profit in 2Q 2023). Revenue: ฿184.7m (up 2.2% from 2Q 2023). Net loss: ฿1.32m (down 130% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • Aug 10+ 1 more updateV.L. Enterprise Public Company Limited Announces Risk Management Committee ChangesThe Board of Director's meeting of V.L. Enterprise Public Company Limited held on 9 August 2024 has resolved to approve the change of the Risk Management Committee as following; Cdr. Somchart Vipisamakul Rtn; Chairman of Risk Management Committee, Mr. Pongsak Banluetanyalak; appoint as a member of committee, Miss. Chutipa Klinsuwan appoint as a member of commtitee. The appointment is effective from 9 August 2024.New Risk • Aug 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿1.08b market cap, or US$30.6m).Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Pongsak Banluetanyalak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 18First quarter 2024 earnings released: EPS: ฿0.004 (vs ฿0.002 in 1Q 2023)First quarter 2024 results: EPS: ฿0.004 (up from ฿0.002 in 1Q 2023). Revenue: ฿196.3m (up 22% from 1Q 2023). Net income: ฿4.33m (up 63% from 1Q 2023). Profit margin: 2.2% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 05Upcoming dividend of ฿0.025 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 17 May 2024. Trailing yield: 2.3%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (6.1%).お知らせ • Feb 29V.L. Enterprise Public Company Limited Proposes Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024V.L. Enterprise Public Company Limited at its board meeting held on 27 February 2024 approved the omission of Annual Dividend payment for the year ended 31 December 2023. The payment shall be paid from the retained earnings-unappropriated under promotional privileges by the Board of Investment (BOI). The Dividends will be paid at the rate of THB 0.025 per share at the amount of THB 29,590,662.88. The record date for the rights to receive dividend is on 13 March 2024 (Record Date). Also the dividend will be paid on 17 May 2024. Therefore the right to receive dividend is still uncertain as it must wait for approval from the Shareholder's Meeting.お知らせ • Feb 28V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 19, 2024V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 19, 2024, at 09:00 SE Asia Standard Time. Location: Ploenchit Room, F floor, Grande Centre Point Ploenchit Hotel, 100 Witthayu Rd, Lumphini, Pathum Wan Bangkok Thailand Agenda: To acknowledge the Company's operating results of the year 2023 and the business Plan for the year 2024; to approve the Financial Statement and Auditor Report for the year ended 31 December 2023; to approve the omission of Annual Dividend payment for the year 2023 and Allocated as legal reserve funds for the year ended 31 December 2023; and to consider other matters.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.027 (vs ฿0.023 in FY 2022)Full year 2023 results: EPS: ฿0.027 (up from ฿0.023 in FY 2022). Revenue: ฿747.1m (up 2.5% from FY 2022). Net income: ฿31.0m (up 33% from FY 2022). Profit margin: 4.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Dec 15V.L. Enterprise Public Company Limited Announces Resignation of Chakaphat Naskan as Independent Director and Chairman of Corporate Governance and Sustainable Committee and Member of Audit CommitteeThe V.L. Enterprise Public Company Limited announced the resignation of directors is Mr. Chakaphat Naskan has submitted his resignation letter from the Independent Director /Audit Committee /Chairman of Corporate Governance and Sustainable Committee due to having lots of missions resulting being unable to fully dedicate time to perform his duty. The resignation will be effective from December 15, 2023. The Board of Directors will conduct the nomination process and appointment of qualified Directors to replace such resigned Independent Director, Audit Committee and Directors.Reported Earnings • Nov 15Third quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0.025 profit in 3Q 2022)Third quarter 2023 results: ฿0.001 loss per share (down from ฿0.025 profit in 3Q 2022). Revenue: ฿185.3m (down 15% from 3Q 2022). Net loss: ฿1.55m (down 106% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.New Risk • Oct 21New 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: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 25% per year over the past 5 years. 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). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (฿946.9m market cap, or US$26.0m).Board Change • Sep 09Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Pongsak Banluetanyalak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.006 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.004 (up from ฿0.006 loss in 2Q 2022). Revenue: ฿180.8m (up 4.4% from 2Q 2022). Net income: ฿4.40m (up ฿10.5m from 2Q 2022). Profit margin: 2.4% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿1.01, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 11x in the Oil and Gas industry in Thailand. Total returns to shareholders of 6.3% over the past three years.Upcoming Dividend • Nov 16Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 02 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (5.5%).Upcoming Dividend • Mar 02Upcoming dividend of ฿0.015 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 18 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (4.7%).Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿1.62, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 12x in the Oil and Gas industry in Thailand. Negligible returns to shareholders over past year.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.025 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿180.7m (up 10% from 3Q 2020). Net income: ฿8.21m (down 58% from 3Q 2020). Profit margin: 4.5% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses.Executive Departure • Aug 18Deputy CEO & Director Kasemsak Keatsungsong has left the companyOn the 11th of August, Kasemsak Keatsungsong's tenure as Deputy CEO & Director ended. We don't have any record of a personal shareholding under Kasemsak's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.58 years.Upcoming Dividend • Aug 16Upcoming dividend of ฿0.01 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 09 September 2021. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (3.1%).Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.004 (vs ฿0.018 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿163.4m (up 5.2% from 2Q 2020). Net income: ฿6.46m (down 56% from 2Q 2020). Profit margin: 4.0% (down from 9.5% in 2Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.037 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿140.3m (down 20% from 1Q 2020). Net income: ฿5.61m (down 81% from 1Q 2020). Profit margin: 4.0% (down from 17% in 1Q 2020). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.08, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Oil and Gas industry in Thailand. Total returns to shareholders of 228% over the past year.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 42% share price gain to ฿2.66, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 17x in the Oil and Gas industry in Thailand. Total returns to shareholders of 208% over the past year.Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.11 (vs ฿0.11 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿651.7m (down 8.6% from FY 2019). Net income: ฿84.4m (up 4.5% from FY 2019). Profit margin: 13% (up from 11% in FY 2019). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿2.00, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 18x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 62%.Is New 90 Day High Low • Feb 20New 90-day high: ฿2.00The company is up 87% from its price of ฿1.07 on 20 November 2020. The Thai market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 13% over the same period.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿1.67, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 16x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 42%.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿1.37, the stock is trading at a trailing P/E ratio of 13x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 15x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 2.8%.Is New 90 Day High Low • Jan 20New 90-day high: ฿1.25The company is up 25% from its price of ฿1.00 on 22 October 2020. The Thai market is also up 25% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Oil and Gas industry, which is up 35% over the same period.Is New 90 Day High Low • Nov 30New 90-day high: ฿1.17The company is up 8.0% from its price of ฿1.08 on 01 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 16% over the same period.Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS ฿0.025The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿169.0m (down 2.5% from 3Q 2019). Net income: ฿19.6m (down 1.3% from 3Q 2019). Profit margin: 12% (in line with 3Q 2019).Is New 90 Day High Low • Oct 29New 90-day low: ฿0.99The company is down 22% from its price of ฿1.27 on 31 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 15% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、V.L. Enterprise 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:VL - 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3/31/202673856164203N/A12/31/202573841140196N/A9/30/202573133114173N/A6/30/202573981141196N/A3/31/202574676148201N/A12/31/202476375160201N/A9/30/202479893196236N/A6/30/202478627194234N/A3/31/202478233-57190N/A12/31/202374731-58181N/A9/30/20236987-76163N/A6/30/202373134-14233N/A3/31/202372423168203N/A12/31/202272923165202N/A9/30/202274425180207N/A6/30/20227068110127N/A3/31/202269320141171N/A12/31/202166723-105161N/A9/30/202163641-101161N/A6/30/202161952-86181N/A3/31/202161461-66191N/A12/31/20206488490223N/A9/30/20206668434230N/A6/30/20206758441234N/A3/31/2020700873254N/A12/31/201971281N/A234N/A9/30/201972679N/A213N/A6/30/201972471N/A192N/A3/31/201971370N/A173N/A12/31/201869661N/A194N/A9/30/201868568N/A205N/A6/30/201868881N/A215N/A3/31/201868576N/A199N/A12/31/201768274N/A168N/A12/31/201657360N/A146N/A12/31/201558690N/A163N/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: VL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: VL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: VL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: VL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: VL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: VL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7D1Y7D1Y7D1YEnergy 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2026/06/15 09:56終値2026/06/15 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V.L. Enterprise 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。1 アナリスト機関Wilasinee BoonmasungsongGloblex Securities Co. Ltd.
Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿0.04 (vs ฿0.063 in FY 2024)Full year 2025 results: EPS: ฿0.04 (down from ฿0.063 in FY 2024). Revenue: ฿738.3m (down 3.2% from FY 2024). Net income: ฿41.4m (down 45% from FY 2024). Profit margin: 5.6% (down from 9.8% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Declared Dividend • Feb 21Dividend of ฿0.015 announcedShareholders will receive a dividend of ฿0.015. Ex-date: 6th March 2026 Payment date: 18th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 21% to shift the payout ratio to a potentially unsustainable range, which is less than the 23% EPS decline seen over the last 5 years.
お知らせ • Feb 20V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 21, 2026V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 21, 2026, at 09:00 SE Asia Standard Time. Location: grande centre point ploenchit hotel, Thailand
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.055 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (down from ฿0.055 in 3Q 2024). Revenue: ฿190.1m (down 3.8% from 3Q 2024). Net income: ฿16.9m (down 74% from 3Q 2024). Profit margin: 8.9% (down from 33% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.001 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.004 (up from ฿0.001 loss in 2Q 2024). Revenue: ฿177.6m (down 3.9% from 2Q 2024). Net income: ฿4.43m (up ฿5.76m from 2Q 2024). Profit margin: 2.5% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Aug 13Now 20% undervaluedOver the last 90 days, the stock has risen 1.1% to ฿0.90. The fair value is estimated to be ฿1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 50%.
お知らせ • Jul 02V.L. Enterprise Public Company Limited Announces CFO Changes, Effective July 1, 2025V.L. Enterprise Public Company Limited announced that Miss Tasanee Tawornchaiwat will terminate her role as Chief Financial Officer effective July 1, 2025. Mrs. Chutipa Klinsuwan will be appointed as Acting Chief Financial Officer effective July 1, 2025.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.004 in 1Q 2024)First quarter 2025 results: EPS: ฿0.004 (in line with 1Q 2024). Revenue: ฿179.3m (down 8.6% from 1Q 2024). Net income: ฿5.00m (up 16% from 1Q 2024). Profit margin: 2.8% (up from 2.2% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • May 16New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Risk Revenue is less than US$1m. 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 (-4.7% net profit margin). Market cap is less than US$100m (฿1.05b market cap, or US$31.8m).
Buy Or Sell Opportunity • Apr 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to ฿0.83. The fair value is estimated to be ฿1.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 40%.
Declared Dividend • Feb 24Final dividend of ฿0.02 announcedShareholders will receive a dividend of ฿0.02. Ex-date: 6th March 2025 Payment date: 16th May 2025 Dividend yield will be 4.4%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 30% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years.
New Risk • Feb 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (฿1.08b market cap, or US$32.1m).
お知らせ • Feb 21+ 1 more updateV.L. Enterprise Public Company Limited Proposes Annual Cash Dividend for the Year 2024, Payable on 16 May 2025V.L. Enterprise Public Company Limited at its AGM to be held on 18 April 2025, will propose that the remaining cash Dividends shall be paid from the retained earnings-unappropriated under promotional privileges by the Board of Investment (BOI). The Dividends will be paid at the rate of THB 0.02 per share at the amount of THB 23,672,530.30. The record date for the rights to receive dividend is on 7 March 2025 (Record Date). Also the dividend will be paid on 16 May 2025. Ex-dividend date 06 March 2025.
Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿0.06 (vs ฿0.027 in FY 2023)Full year 2024 results: EPS: ฿0.06 (up from ฿0.027 in FY 2023). Revenue: ฿820.5m (up 9.8% from FY 2023). Net income: ฿74.8m (up 142% from FY 2023). Profit margin: 9.1% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.01, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 10x in the Oil and Gas industry in Thailand. Total loss to shareholders of 30% over the past three years.
New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 140% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿1.46b market cap, or US$42.2m).
Upcoming Dividend • Nov 19Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 26 November 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (6.7%).
New Risk • Nov 11New 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 12% 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 Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.40b market cap, or US$40.6m).
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ฿1.18, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 10x in the Oil and Gas industry in Thailand. Total loss to shareholders of 25% over the past three years.
Buy Or Sell Opportunity • Nov 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿0.88. The fair value is estimated to be ฿1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 30%.
お知らせ • Aug 21V.L. Enterprise Public Company Limited Announces Corporate Secretary ChangesV.L. Enterprise Public Company Limited informed that Mrs. Khuanruean Hemnithi has been resigned from the position of the corporate secretary with the effective date of July 25, 2024 onwards. Therefore, to assign Miss Wipada Aatpru be acting as interim company secretary until the election.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿1.04, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 9x in the Oil and Gas industry in Thailand. Total loss to shareholders of 45% over the past three years.
Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.001 loss per share (vs ฿0.004 profit in 2Q 2023)Second quarter 2024 results: ฿0.001 loss per share (down from ฿0.004 profit in 2Q 2023). Revenue: ฿184.7m (up 2.2% from 2Q 2023). Net loss: ฿1.32m (down 130% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 10+ 1 more updateV.L. Enterprise Public Company Limited Announces Risk Management Committee ChangesThe Board of Director's meeting of V.L. Enterprise Public Company Limited held on 9 August 2024 has resolved to approve the change of the Risk Management Committee as following; Cdr. Somchart Vipisamakul Rtn; Chairman of Risk Management Committee, Mr. Pongsak Banluetanyalak; appoint as a member of committee, Miss. Chutipa Klinsuwan appoint as a member of commtitee. The appointment is effective from 9 August 2024.
New Risk • Aug 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿1.08b market cap, or US$30.6m).
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Pongsak Banluetanyalak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: ฿0.004 (vs ฿0.002 in 1Q 2023)First quarter 2024 results: EPS: ฿0.004 (up from ฿0.002 in 1Q 2023). Revenue: ฿196.3m (up 22% from 1Q 2023). Net income: ฿4.33m (up 63% from 1Q 2023). Profit margin: 2.2% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.025 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 17 May 2024. Trailing yield: 2.3%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (6.1%).
お知らせ • Feb 29V.L. Enterprise Public Company Limited Proposes Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024V.L. Enterprise Public Company Limited at its board meeting held on 27 February 2024 approved the omission of Annual Dividend payment for the year ended 31 December 2023. The payment shall be paid from the retained earnings-unappropriated under promotional privileges by the Board of Investment (BOI). The Dividends will be paid at the rate of THB 0.025 per share at the amount of THB 29,590,662.88. The record date for the rights to receive dividend is on 13 March 2024 (Record Date). Also the dividend will be paid on 17 May 2024. Therefore the right to receive dividend is still uncertain as it must wait for approval from the Shareholder's Meeting.
お知らせ • Feb 28V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 19, 2024V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 19, 2024, at 09:00 SE Asia Standard Time. Location: Ploenchit Room, F floor, Grande Centre Point Ploenchit Hotel, 100 Witthayu Rd, Lumphini, Pathum Wan Bangkok Thailand Agenda: To acknowledge the Company's operating results of the year 2023 and the business Plan for the year 2024; to approve the Financial Statement and Auditor Report for the year ended 31 December 2023; to approve the omission of Annual Dividend payment for the year 2023 and Allocated as legal reserve funds for the year ended 31 December 2023; and to consider other matters.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.027 (vs ฿0.023 in FY 2022)Full year 2023 results: EPS: ฿0.027 (up from ฿0.023 in FY 2022). Revenue: ฿747.1m (up 2.5% from FY 2022). Net income: ฿31.0m (up 33% from FY 2022). Profit margin: 4.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 15V.L. Enterprise Public Company Limited Announces Resignation of Chakaphat Naskan as Independent Director and Chairman of Corporate Governance and Sustainable Committee and Member of Audit CommitteeThe V.L. Enterprise Public Company Limited announced the resignation of directors is Mr. Chakaphat Naskan has submitted his resignation letter from the Independent Director /Audit Committee /Chairman of Corporate Governance and Sustainable Committee due to having lots of missions resulting being unable to fully dedicate time to perform his duty. The resignation will be effective from December 15, 2023. The Board of Directors will conduct the nomination process and appointment of qualified Directors to replace such resigned Independent Director, Audit Committee and Directors.
Reported Earnings • Nov 15Third quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0.025 profit in 3Q 2022)Third quarter 2023 results: ฿0.001 loss per share (down from ฿0.025 profit in 3Q 2022). Revenue: ฿185.3m (down 15% from 3Q 2022). Net loss: ฿1.55m (down 106% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
New Risk • Oct 21New 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: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 25% per year over the past 5 years. 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). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (฿946.9m market cap, or US$26.0m).
Board Change • Sep 09Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Pongsak Banluetanyalak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.006 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.004 (up from ฿0.006 loss in 2Q 2022). Revenue: ฿180.8m (up 4.4% from 2Q 2022). Net income: ฿4.40m (up ฿10.5m from 2Q 2022). Profit margin: 2.4% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿1.01, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 11x in the Oil and Gas industry in Thailand. Total returns to shareholders of 6.3% over the past three years.
Upcoming Dividend • Nov 16Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 02 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (5.5%).
Upcoming Dividend • Mar 02Upcoming dividend of ฿0.015 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 18 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (4.7%).
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿1.62, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 12x in the Oil and Gas industry in Thailand. Negligible returns to shareholders over past year.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.025 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿180.7m (up 10% from 3Q 2020). Net income: ฿8.21m (down 58% from 3Q 2020). Profit margin: 4.5% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses.
Executive Departure • Aug 18Deputy CEO & Director Kasemsak Keatsungsong has left the companyOn the 11th of August, Kasemsak Keatsungsong's tenure as Deputy CEO & Director ended. We don't have any record of a personal shareholding under Kasemsak's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.58 years.
Upcoming Dividend • Aug 16Upcoming dividend of ฿0.01 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 09 September 2021. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (3.1%).
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.004 (vs ฿0.018 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿163.4m (up 5.2% from 2Q 2020). Net income: ฿6.46m (down 56% from 2Q 2020). Profit margin: 4.0% (down from 9.5% in 2Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.037 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿140.3m (down 20% from 1Q 2020). Net income: ฿5.61m (down 81% from 1Q 2020). Profit margin: 4.0% (down from 17% in 1Q 2020). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.08, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Oil and Gas industry in Thailand. Total returns to shareholders of 228% over the past year.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 42% share price gain to ฿2.66, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 17x in the Oil and Gas industry in Thailand. Total returns to shareholders of 208% over the past year.
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.11 (vs ฿0.11 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿651.7m (down 8.6% from FY 2019). Net income: ฿84.4m (up 4.5% from FY 2019). Profit margin: 13% (up from 11% in FY 2019). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿2.00, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 18x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 62%.
Is New 90 Day High Low • Feb 20New 90-day high: ฿2.00The company is up 87% from its price of ฿1.07 on 20 November 2020. The Thai market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 13% over the same period.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿1.67, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 16x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 42%.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿1.37, the stock is trading at a trailing P/E ratio of 13x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 15x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 2.8%.
Is New 90 Day High Low • Jan 20New 90-day high: ฿1.25The company is up 25% from its price of ฿1.00 on 22 October 2020. The Thai market is also up 25% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Oil and Gas industry, which is up 35% over the same period.
Is New 90 Day High Low • Nov 30New 90-day high: ฿1.17The company is up 8.0% from its price of ฿1.08 on 01 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 16% over the same period.
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS ฿0.025The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿169.0m (down 2.5% from 3Q 2019). Net income: ฿19.6m (down 1.3% from 3Q 2019). Profit margin: 12% (in line with 3Q 2019).
Is New 90 Day High Low • Oct 29New 90-day low: ฿0.99The company is down 22% from its price of ฿1.27 on 31 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 15% over the same period.