View Future GrowthT.A.C. Consumer 過去の業績過去 基準チェック /66T.A.C. Consumerは、平均年間7.9%の収益成長を遂げていますが、 Food業界の収益は、年間 成長しています。収益は、平均年間9% 13.4%収益成長率で 成長しています。 T.A.C. Consumerの自己資本利益率は37%であり、純利益率は12.9%です。主要情報7.87%収益成長率8.24%EPS成長率Food 業界の成長17.59%収益成長率13.39%株主資本利益率36.98%ネット・マージン12.95%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.50 (vs ฿0.41 in FY 2024)Full year 2025 results: EPS: ฿0.50 (up from ฿0.41 in FY 2024). Revenue: ฿2.41b (up 22% from FY 2024). Net income: ฿299.2m (up 21% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.15 (up from ฿0.10 in 3Q 2024). Revenue: ฿620.9m (up 28% from 3Q 2024). Net income: ฿90.0m (up 48% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.12 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.13 (up from ฿0.12 in 2Q 2024). Revenue: ฿579.7m (up 16% from 2Q 2024). Net income: ฿79.1m (up 15% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • May 12First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.10 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (up from ฿0.10 in 1Q 2024). Revenue: ฿533.3m (up 16% from 1Q 2024). Net income: ฿73.1m (up 20% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 01Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.41 (up from ฿0.34 in FY 2023). Revenue: ฿1.97b (up 14% from FY 2023). Net income: ฿247.3m (up 20% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.085 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.085 in 3Q 2023). Revenue: ฿484.0m (up 13% from 3Q 2023). Net income: ฿61.0m (up 18% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesUpcoming Dividend • Apr 15Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 06 May 2026. Payout ratio and cash payout ratio are on the higher end at 84% and 100% respectively. Trailing yield: 7.7%. Within top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (5.6%).New Risk • Mar 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.24b (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: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Market cap is less than US$100m (฿3.24b market cap, or US$98.6m).お知らせ • Mar 05T.A.C. Consumer Public Company Limited Approves Cash Dividend for the Operating Period from January 1, 2025 to December 31, 2025, Payable on May 6, 2026T.A.C. Consumer Public Company Limited at its Annual General Meeting of Shareholders to be held on April 10, 2026, approved cash dividend of THB 0.21 per share for the operating period from January 1, 2025 to December 31, 2025. Payment date is May 6, 2026. Record date for the right to receive dividends is April 23, 2026. Ex-dividend date is April 22, 2026.Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.50 (vs ฿0.41 in FY 2024)Full year 2025 results: EPS: ฿0.50 (up from ฿0.41 in FY 2024). Revenue: ฿2.41b (up 22% from FY 2024). Net income: ฿299.2m (up 21% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Feb 13Price target increased by 9.1% to ฿6.77Up from ฿6.20, the current price target is an average from 3 analysts. New target price is 19% above last closing price of ฿5.70. Stock is up 39% over the past year. The company is forecast to post earnings per share of ฿0.52 for next year compared to ฿0.41 last year.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.15 (up from ฿0.10 in 3Q 2024). Revenue: ฿620.9m (up 28% from 3Q 2024). Net income: ฿90.0m (up 48% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Declared Dividend • Aug 10First half dividend of ฿0.21 announcedShareholders will receive a dividend of ฿0.21. Ex-date: 22nd August 2025 Payment date: 5th September 2025 Dividend yield will be 8.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.12 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.13 (up from ฿0.12 in 2Q 2024). Revenue: ฿579.7m (up 16% from 2Q 2024). Net income: ฿79.1m (up 15% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Price Target Changed • May 14Price target decreased by 12% to ฿6.05Down from ฿6.86, the current price target is an average from 2 analysts. New target price is 32% above last closing price of ฿4.58. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of ฿0.48 for next year compared to ฿0.41 last year.Reported Earnings • May 12First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.10 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (up from ฿0.10 in 1Q 2024). Revenue: ฿533.3m (up 16% from 1Q 2024). Net income: ฿73.1m (up 20% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (5.1%).お知らせ • Apr 02T.A.C. Consumer Public Company Limited Announces Retirement of Suphot Leenanurak as Director; Risk Management Committee and Executive Committee, Effective from 22 April 2021T.A.C. Consumer Public Company Limited announced retirement of Mr. SUPHOT LEENANURAK as director; Risk Management Committee and Executive Committee. Expire date: 01 April 2025. Effective Date: 22 April 2021.Price Target Changed • Mar 12Price target increased by 11% to ฿7.60Up from ฿6.86, the current price target is provided by 1 analyst. New target price is 79% above last closing price of ฿4.24. Stock is down 12% over the past year. The company posted earnings per share of ฿0.41 last year.Declared Dividend • Mar 02Final dividend of ฿0.19 announcedDividend of ฿0.19 is the same as last year. Ex-date: 6th May 2025 Payment date: 21st May 2025 Dividend yield will be 9.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.5% to bring the payout ratio under control. EPS is expected to grow by 20% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Mar 01Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.41 (up from ฿0.34 in FY 2023). Revenue: ฿1.97b (up 14% from FY 2023). Net income: ฿247.3m (up 20% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.お知らせ • Mar 01+ 1 more updateT.A.C. Consumer Public Company Limited Proposes Cash Dividend for the Operating Period from 01 Jan. 2024 to 31 Dec. 2024, Payable on 21 May 2025T.A.C. Consumer Public Company Limited proposed cash dividend of THB 0.19 per share for the operating period from 01 Jan. 2024 to 31 Dec. 2024 to the AGM to be held on 25 Apr. 2025, at its Board resolution on 28 Feb. 2025. Payment date is 21 May 2025. Record date for the right to receive dividends is 07 May 2025. Ex-dividend date is 06 May 2025.Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.085 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.085 in 3Q 2023). Revenue: ฿484.0m (up 13% from 3Q 2023). Net income: ฿61.0m (up 18% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Declared Dividend • Aug 10First half dividend increased to ฿0.20Dividend of ฿0.20 is 18% higher than last year. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 8.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 28% over the next 3 years, which should maintain adequate earnings cover for the dividend.お知らせ • Aug 10T.A.C. Consumer Public Company Limited Announces Cash Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on September 06, 2024T.A.C. Consumer Public Company Limited announced cash dividend of THB 0.20 for the period from January 1, 2024 to June 30, 2024. Payment date is September 06, 2024. Ex-dividend date is August 22, 2024. Record date for the right to receive dividends is August 23, 2024.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.089 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.12 (up from ฿0.089 in 2Q 2023). Revenue: ฿500.4m (up 12% from 2Q 2023). Net income: ฿68.9m (up 28% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jun 13Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿1.82b to ฿1.90b. EPS estimate increased from ฿0.365 to ฿0.405 per share. Net income forecast to grow 13% next year vs 23% growth forecast for Food industry in Thailand. Consensus price target down from ฿6.86 to ฿6.64. Share price was steady at ฿4.76 over the past week.Reported Earnings • May 11First quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.07 in 1Q 2023)First quarter 2024 results: EPS: ฿0.10 (up from ฿0.07 in 1Q 2023). Revenue: ฿460.5m (up 21% from 1Q 2023). Net income: ฿60.9m (up 43% from 1Q 2023). Profit margin: 13% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Director Trithip Sivakriskul 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.New Risk • Mar 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 145% High level of non-cash earnings (36% accrual ratio). Minor Risk Market cap is less than US$100m (฿2.82b market cap, or US$79.4m).Declared Dividend • Mar 02Final dividend of ฿0.19 announcedDividend of ฿0.19 is the same as last year. Ex-date: 7th May 2024 Payment date: 20th May 2024 Dividend yield will be 7.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio) nor is it covered by cash flows (145% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 38% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Mar 02T.A.C. Consumer Public Company Limited, Annual General Meeting, Apr 26, 2024T.A.C. Consumer Public Company Limited, Annual General Meeting, Apr 26, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and adopt the Minutes of 2023 Annual General Meeting of shareholders held on April 27, 2023; to consider and acknowledge the operating result for the year 2023; to consider and approve the financial statement for the year ended December 31, 2023; to consider approving the appropriation of net profits for the year 2023 operating results and the dividend payment; to consider and elect the directors' to succeed the directors completing their term for the year 2024; to consider and approve the increase in the number of director and election of a new director; to consider and fix the directors' remunerations for the year 2024; to consider and appoint the auditors for the year 2024 and fix the auditing fee; and to transact other business.お知らせ • Mar 01+ 1 more updateT.A.C. Consumer Public Company Limited Proposes Dividend for the Year 2023, Payable on May 20, 2024T.A.C. Consumer Public Company Limited announced that the Meeting No.1/2024 of Board of Directors held on 29 February 2024, proposed that the AGM to consider and approve the Profit allocation and dividend payment for the Company's 2023 Operating results and retained earnings as cash dividend in the amount of THB 0.19 per share. According to the Public Company's Articles of Association, Section 116 and Article 50, it states that the Company shall allocate not less than 5% of its annual net profit after the reduction of the accumulated losses brought forward (if any) until the reserve fund attains the value of not less than 10% of register capital. Therefore, In 2023 the Company has already reserved this fund in full amount. The date of determining the right of shareholder (Record Date) to receive dividend payments will be on May 8, 2024. The dividend payment date is set to be on May 20, 2024.Price Target Changed • Feb 17Price target increased by 11% to ฿7.35Up from ฿6.62, the current price target is an average from 3 analysts. New target price is 61% above last closing price of ฿4.56. Stock is down 29% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.39 last year.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.085 (vs ฿0.10 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.085 (down from ฿0.10 in 3Q 2022). Revenue: ฿428.2m (up 12% from 3Q 2022). Net income: ฿51.8m (down 17% from 3Q 2022). Profit margin: 12% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Price Target Changed • Oct 13Price target decreased by 18% to ฿6.60Down from ฿8.08, the current price target is an average from 3 analysts. New target price is 43% above last closing price of ฿4.62. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.39 last year.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.17 per share at 7.2% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (3.9%).New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 146% High level of non-cash earnings (30% accrual ratio). Minor Risk Market cap is less than US$100m (฿3.00b market cap, or US$85.1m).お知らせ • Aug 12T.A.C. Consumer Public Company Limited (SET:TACC) announces an Equity Buyback for 11,000,000 shares, representing 1.81% for THB 50 million.T.A.C. Consumer Public Company Limited (SET:TACC) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 1.81% of its issued share capital, for THB 50 million. The repurchase price should not exceed 115% of the average closing price of 5 trading days prior to the share repurchase date. The purpose of the share repurchases is to maximize the benefit from the company's excess liquid management and increase the return on equity and earnings per share. The program will be valid until February 16, 2024. As of August 10, 2023, the company has 608,000,000 shares are issued and outstanding.お知らせ • Aug 11T.A.C. Consumer Public Company Limited Announces Interim Cash Dividend from January 1, 2023 to June 30, 2023, Payable on September 8, 2023T.A.C. Consumer Public Company Limited announced Interim cash dividend payment of THB 0.17 for period from January 1, 2023 to June 30, 2023. Record date for the right to receive dividends is 25 August 2023; Ex-dividend date is 24 August 2023. Payment date is 08 September, 2023.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.089 (vs ฿0.11 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.089 (down from ฿0.11 in 2Q 2022). Revenue: ฿448.7m (up 17% from 2Q 2022). Net income: ฿53.9m (down 21% from 2Q 2022). Profit margin: 12% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Buying Opportunity • Jun 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ฿6.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 35% in the next 2 years.Major Estimate Revision • May 20Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.42 to ฿0.36 per share. Revenue forecast steady at ฿1.71b. Net income forecast to grow 9.1% next year vs 16% growth forecast for Food industry in Thailand. Consensus price target down from ฿9.02 to ฿8.08. Share price was steady at ฿5.35 over the past week.Price Target Changed • May 15Price target decreased by 12% to ฿8.08Down from ฿9.15, the current price target is an average from 3 analysts. New target price is 48% above last closing price of ฿5.45. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿0.41 for next year compared to ฿0.39 last year.Buying Opportunity • May 12Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ฿7.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 29% in the next 2 years.Upcoming Dividend • May 02Upcoming dividend of ฿0.19 per share at 6.4% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 23 May 2023. Payout ratio and cash payout ratio are on the higher end at 93% and 84% respectively. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (4.0%).Reported Earnings • Nov 16Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: ฿0.10 (up from ฿0.092 in 3Q 2021). Revenue: ฿383.1m (up 23% from 3Q 2021). Net income: ฿62.2m (up 11% from 3Q 2021). Profit margin: 16% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Sep 13Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿8.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 18% in a year. Earnings is forecast to grow by 8.4% in the next year.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio and cash payout ratio are on the higher end at 88% and 88% respectively. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.1%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.11 (vs ฿0.089 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.11 (up from ฿0.089 in 2Q 2021). Revenue: ฿385.3m (up 8.9% from 2Q 2021). Net income: ฿68.4m (up 27% from 2Q 2021). Profit margin: 18% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 8.7% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.10 (up from ฿0.077 in 1Q 2021). Revenue: ฿338.8m (up 4.0% from 1Q 2021). Net income: ฿60.1m (up 29% from 1Q 2021). Profit margin: 18% (up from 14% in 1Q 2021). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 20%, compared to a 7.4% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year.Buying Opportunity • Apr 29Now 20% undervaluedOver the last 90 days, the stock is up 4.2%. The fair value is estimated to be ฿9.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.Upcoming Dividend • Apr 21Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 19 May 2022. Payout ratio and cash payout ratio are on the higher end at 94% and 94% respectively. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (3.3%).Buying Opportunity • Mar 29Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.8%. The fair value is estimated to be ฿9.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29% per annum over the last 3 years.Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.35 (up from ฿0.31 in FY 2020). Revenue: ฿1.35b (up 2.2% from FY 2020). Net income: ฿214.2m (up 14% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 14%, compared to a 6.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.15 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.6%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.089 (vs ฿0.079 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿353.9m (up 9.8% from 2Q 2020). Net income: ฿53.9m (up 13% from 2Q 2020). Profit margin: 15% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿7.25, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Food industry in Thailand. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.45 per share.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.077 (vs ฿0.07 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ฿325.9m (flat on 1Q 2020). Net income: ฿46.7m (up 9.5% from 1Q 2020). Profit margin: 14% (up from 13% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 21Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 28 April 2021. Payment date: 13 May 2021. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (3.4%).Valuation Update With 7 Day Price Move • Feb 26Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿7.50, the stock is trading at a trailing P/E ratio of 24.2x, down from the previous P/E ratio of 28.7x. This compares to an average P/E of 16x in the Food industry in Thailand. Total returns to shareholders over the past three years are 87%.Reported Earnings • Feb 21Full year 2020 earnings released: EPS ฿0.31 (vs ฿0.27 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: ฿1.32b (down 14% from FY 2019). Net income: ฿188.4m (up 16% from FY 2019). Profit margin: 14% (up from 11% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 21Revenue behind estimatesRevenue missed analyst estimates by 3.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 28%, compared to a 1.6% growth forecast for the Food industry in Thailand.Is New 90 Day High Low • Feb 17New 90-day high: ฿8.35The company is up 27% from its price of ฿6.60 on 19 November 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.73 per share.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿7.75, the stock is trading at a trailing P/E ratio of 25.9x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 17x in the Food industry in Thailand. Total returns to shareholders over the past three years are 71%.Is New 90 Day High Low • Jan 28New 90-day high: ฿7.20The company is up 9.0% from its price of ฿6.60 on 30 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.63 per share.Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 3.4% growth forecast for the Food industry in Thailand.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ฿0.077The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿345.8m (down 6.7% from 3Q 2019). Net income: ฿46.7m (up 13% from 3Q 2019). Profit margin: 14% (up from 11% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Nov 04New 90-day high: ฿7.00The company is up 16% from its price of ฿6.05 on 06 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.63 per share.Price Target Changed • Oct 10Price target raised to ฿7.57Up from ฿6.70, the current price target is an average from 3 analysts. The new target price is 13% above the current share price of ฿6.70. As of last close, the stock is up 39% over the past year.Is New 90 Day High Low • Oct 07New 90-day high: ฿6.90The company is up 24% from its price of ฿5.55 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.63 per share.収支内訳T.A.C. Consumer の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:TACC 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 262,516326396031 Dec 252,409299399030 Sep 252,258299352030 Jun 252,121270351031 Mar 252,041259348031 Dec 241,969247346030 Sep 241,912249339030 Jun 241,856240330031 Mar 241,805225325031 Dec 231,726207308030 Sep 231,684193295030 Jun 231,639203280031 Mar 231,575218261031 Dec 221,533235253030 Sep 221,462249244030 Jun 221,390242238031 Mar 221,359228248031 Dec 211,346214252030 Sep 211,311208233030 Jun 211,346199233031 Mar 211,314192212031 Dec 201,317188213030 Sep 201,396182234030 Jun 201,420176243031 Mar 201,502171268031 Dec 191,527162266030 Sep 191,498127285030 Jun 191,442107288031 Mar 191,36686287031 Dec 181,29668281030 Sep 181,28792254030 Jun 181,28392252031 Mar 181,286102247031 Dec 171,289112255030 Sep 171,236108252030 Jun 171,220108249031 Mar 171,187104241031 Dec 161,184102237030 Sep 161,13787243030 Jun 161,09280237031 Mar 161,06876236031 Dec 151,00668222030 Sep 1598076201030 Jun 15985682060質の高い収益: TACCは 高品質の収益 を持っています。利益率の向上: TACCの現在の純利益率 (12.9%)は、昨年(12.7%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TACCの収益は過去 5 年間で年間7.9%増加しました。成長の加速: TACCの過去 1 年間の収益成長率 ( 25.5% ) は、5 年間の平均 ( 年間7.9%を上回っています。収益対業界: TACCの過去 1 年間の収益成長率 ( 25.5% ) はFood業界1.6%を上回りました。株主資本利益率高いROE: TACCの 自己資本利益率 ( 37% ) は 高い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YFood-beverage-tobacco 、過去の業績が好調な企業。View Financial Health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2026/05/12 12:23終値2026/05/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋T.A.C. Consumer Public Company Limited 4 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。5 アナリスト機関Nuanpun NoiruchchukornAsia Plus Securities Company LimitedSalakbun WongakaradethGloblex Securities Co. Ltd.Yuwanee PrommapornKrungsri Securities Public Company Limited2 その他のアナリストを表示
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.50 (vs ฿0.41 in FY 2024)Full year 2025 results: EPS: ฿0.50 (up from ฿0.41 in FY 2024). Revenue: ฿2.41b (up 22% from FY 2024). Net income: ฿299.2m (up 21% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.15 (up from ฿0.10 in 3Q 2024). Revenue: ฿620.9m (up 28% from 3Q 2024). Net income: ฿90.0m (up 48% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.12 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.13 (up from ฿0.12 in 2Q 2024). Revenue: ฿579.7m (up 16% from 2Q 2024). Net income: ฿79.1m (up 15% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • May 12First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.10 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (up from ฿0.10 in 1Q 2024). Revenue: ฿533.3m (up 16% from 1Q 2024). Net income: ฿73.1m (up 20% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 01Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.41 (up from ฿0.34 in FY 2023). Revenue: ฿1.97b (up 14% from FY 2023). Net income: ฿247.3m (up 20% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.085 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.085 in 3Q 2023). Revenue: ฿484.0m (up 13% from 3Q 2023). Net income: ฿61.0m (up 18% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 15Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 06 May 2026. Payout ratio and cash payout ratio are on the higher end at 84% and 100% respectively. Trailing yield: 7.7%. Within top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (5.6%).
New Risk • Mar 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.24b (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: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Market cap is less than US$100m (฿3.24b market cap, or US$98.6m).
お知らせ • Mar 05T.A.C. Consumer Public Company Limited Approves Cash Dividend for the Operating Period from January 1, 2025 to December 31, 2025, Payable on May 6, 2026T.A.C. Consumer Public Company Limited at its Annual General Meeting of Shareholders to be held on April 10, 2026, approved cash dividend of THB 0.21 per share for the operating period from January 1, 2025 to December 31, 2025. Payment date is May 6, 2026. Record date for the right to receive dividends is April 23, 2026. Ex-dividend date is April 22, 2026.
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.50 (vs ฿0.41 in FY 2024)Full year 2025 results: EPS: ฿0.50 (up from ฿0.41 in FY 2024). Revenue: ฿2.41b (up 22% from FY 2024). Net income: ฿299.2m (up 21% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Feb 13Price target increased by 9.1% to ฿6.77Up from ฿6.20, the current price target is an average from 3 analysts. New target price is 19% above last closing price of ฿5.70. Stock is up 39% over the past year. The company is forecast to post earnings per share of ฿0.52 for next year compared to ฿0.41 last year.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.15 (up from ฿0.10 in 3Q 2024). Revenue: ฿620.9m (up 28% from 3Q 2024). Net income: ฿90.0m (up 48% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Declared Dividend • Aug 10First half dividend of ฿0.21 announcedShareholders will receive a dividend of ฿0.21. Ex-date: 22nd August 2025 Payment date: 5th September 2025 Dividend yield will be 8.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.12 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.13 (up from ฿0.12 in 2Q 2024). Revenue: ฿579.7m (up 16% from 2Q 2024). Net income: ฿79.1m (up 15% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Price Target Changed • May 14Price target decreased by 12% to ฿6.05Down from ฿6.86, the current price target is an average from 2 analysts. New target price is 32% above last closing price of ฿4.58. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of ฿0.48 for next year compared to ฿0.41 last year.
Reported Earnings • May 12First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.10 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (up from ฿0.10 in 1Q 2024). Revenue: ฿533.3m (up 16% from 1Q 2024). Net income: ฿73.1m (up 20% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (5.1%).
お知らせ • Apr 02T.A.C. Consumer Public Company Limited Announces Retirement of Suphot Leenanurak as Director; Risk Management Committee and Executive Committee, Effective from 22 April 2021T.A.C. Consumer Public Company Limited announced retirement of Mr. SUPHOT LEENANURAK as director; Risk Management Committee and Executive Committee. Expire date: 01 April 2025. Effective Date: 22 April 2021.
Price Target Changed • Mar 12Price target increased by 11% to ฿7.60Up from ฿6.86, the current price target is provided by 1 analyst. New target price is 79% above last closing price of ฿4.24. Stock is down 12% over the past year. The company posted earnings per share of ฿0.41 last year.
Declared Dividend • Mar 02Final dividend of ฿0.19 announcedDividend of ฿0.19 is the same as last year. Ex-date: 6th May 2025 Payment date: 21st May 2025 Dividend yield will be 9.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.5% to bring the payout ratio under control. EPS is expected to grow by 20% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Mar 01Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.41 (up from ฿0.34 in FY 2023). Revenue: ฿1.97b (up 14% from FY 2023). Net income: ฿247.3m (up 20% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
お知らせ • Mar 01+ 1 more updateT.A.C. Consumer Public Company Limited Proposes Cash Dividend for the Operating Period from 01 Jan. 2024 to 31 Dec. 2024, Payable on 21 May 2025T.A.C. Consumer Public Company Limited proposed cash dividend of THB 0.19 per share for the operating period from 01 Jan. 2024 to 31 Dec. 2024 to the AGM to be held on 25 Apr. 2025, at its Board resolution on 28 Feb. 2025. Payment date is 21 May 2025. Record date for the right to receive dividends is 07 May 2025. Ex-dividend date is 06 May 2025.
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.085 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.085 in 3Q 2023). Revenue: ฿484.0m (up 13% from 3Q 2023). Net income: ฿61.0m (up 18% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Declared Dividend • Aug 10First half dividend increased to ฿0.20Dividend of ฿0.20 is 18% higher than last year. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 8.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 28% over the next 3 years, which should maintain adequate earnings cover for the dividend.
お知らせ • Aug 10T.A.C. Consumer Public Company Limited Announces Cash Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on September 06, 2024T.A.C. Consumer Public Company Limited announced cash dividend of THB 0.20 for the period from January 1, 2024 to June 30, 2024. Payment date is September 06, 2024. Ex-dividend date is August 22, 2024. Record date for the right to receive dividends is August 23, 2024.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.089 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.12 (up from ฿0.089 in 2Q 2023). Revenue: ฿500.4m (up 12% from 2Q 2023). Net income: ฿68.9m (up 28% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jun 13Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿1.82b to ฿1.90b. EPS estimate increased from ฿0.365 to ฿0.405 per share. Net income forecast to grow 13% next year vs 23% growth forecast for Food industry in Thailand. Consensus price target down from ฿6.86 to ฿6.64. Share price was steady at ฿4.76 over the past week.
Reported Earnings • May 11First quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.07 in 1Q 2023)First quarter 2024 results: EPS: ฿0.10 (up from ฿0.07 in 1Q 2023). Revenue: ฿460.5m (up 21% from 1Q 2023). Net income: ฿60.9m (up 43% from 1Q 2023). Profit margin: 13% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Director Trithip Sivakriskul 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.
New Risk • Mar 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 145% High level of non-cash earnings (36% accrual ratio). Minor Risk Market cap is less than US$100m (฿2.82b market cap, or US$79.4m).
Declared Dividend • Mar 02Final dividend of ฿0.19 announcedDividend of ฿0.19 is the same as last year. Ex-date: 7th May 2024 Payment date: 20th May 2024 Dividend yield will be 7.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio) nor is it covered by cash flows (145% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 38% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Mar 02T.A.C. Consumer Public Company Limited, Annual General Meeting, Apr 26, 2024T.A.C. Consumer Public Company Limited, Annual General Meeting, Apr 26, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and adopt the Minutes of 2023 Annual General Meeting of shareholders held on April 27, 2023; to consider and acknowledge the operating result for the year 2023; to consider and approve the financial statement for the year ended December 31, 2023; to consider approving the appropriation of net profits for the year 2023 operating results and the dividend payment; to consider and elect the directors' to succeed the directors completing their term for the year 2024; to consider and approve the increase in the number of director and election of a new director; to consider and fix the directors' remunerations for the year 2024; to consider and appoint the auditors for the year 2024 and fix the auditing fee; and to transact other business.
お知らせ • Mar 01+ 1 more updateT.A.C. Consumer Public Company Limited Proposes Dividend for the Year 2023, Payable on May 20, 2024T.A.C. Consumer Public Company Limited announced that the Meeting No.1/2024 of Board of Directors held on 29 February 2024, proposed that the AGM to consider and approve the Profit allocation and dividend payment for the Company's 2023 Operating results and retained earnings as cash dividend in the amount of THB 0.19 per share. According to the Public Company's Articles of Association, Section 116 and Article 50, it states that the Company shall allocate not less than 5% of its annual net profit after the reduction of the accumulated losses brought forward (if any) until the reserve fund attains the value of not less than 10% of register capital. Therefore, In 2023 the Company has already reserved this fund in full amount. The date of determining the right of shareholder (Record Date) to receive dividend payments will be on May 8, 2024. The dividend payment date is set to be on May 20, 2024.
Price Target Changed • Feb 17Price target increased by 11% to ฿7.35Up from ฿6.62, the current price target is an average from 3 analysts. New target price is 61% above last closing price of ฿4.56. Stock is down 29% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.39 last year.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.085 (vs ฿0.10 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.085 (down from ฿0.10 in 3Q 2022). Revenue: ฿428.2m (up 12% from 3Q 2022). Net income: ฿51.8m (down 17% from 3Q 2022). Profit margin: 12% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Price Target Changed • Oct 13Price target decreased by 18% to ฿6.60Down from ฿8.08, the current price target is an average from 3 analysts. New target price is 43% above last closing price of ฿4.62. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.39 last year.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.17 per share at 7.2% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (3.9%).
New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 146% High level of non-cash earnings (30% accrual ratio). Minor Risk Market cap is less than US$100m (฿3.00b market cap, or US$85.1m).
お知らせ • Aug 12T.A.C. Consumer Public Company Limited (SET:TACC) announces an Equity Buyback for 11,000,000 shares, representing 1.81% for THB 50 million.T.A.C. Consumer Public Company Limited (SET:TACC) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 1.81% of its issued share capital, for THB 50 million. The repurchase price should not exceed 115% of the average closing price of 5 trading days prior to the share repurchase date. The purpose of the share repurchases is to maximize the benefit from the company's excess liquid management and increase the return on equity and earnings per share. The program will be valid until February 16, 2024. As of August 10, 2023, the company has 608,000,000 shares are issued and outstanding.
お知らせ • Aug 11T.A.C. Consumer Public Company Limited Announces Interim Cash Dividend from January 1, 2023 to June 30, 2023, Payable on September 8, 2023T.A.C. Consumer Public Company Limited announced Interim cash dividend payment of THB 0.17 for period from January 1, 2023 to June 30, 2023. Record date for the right to receive dividends is 25 August 2023; Ex-dividend date is 24 August 2023. Payment date is 08 September, 2023.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.089 (vs ฿0.11 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.089 (down from ฿0.11 in 2Q 2022). Revenue: ฿448.7m (up 17% from 2Q 2022). Net income: ฿53.9m (down 21% from 2Q 2022). Profit margin: 12% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Buying Opportunity • Jun 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ฿6.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 35% in the next 2 years.
Major Estimate Revision • May 20Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.42 to ฿0.36 per share. Revenue forecast steady at ฿1.71b. Net income forecast to grow 9.1% next year vs 16% growth forecast for Food industry in Thailand. Consensus price target down from ฿9.02 to ฿8.08. Share price was steady at ฿5.35 over the past week.
Price Target Changed • May 15Price target decreased by 12% to ฿8.08Down from ฿9.15, the current price target is an average from 3 analysts. New target price is 48% above last closing price of ฿5.45. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿0.41 for next year compared to ฿0.39 last year.
Buying Opportunity • May 12Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be ฿7.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 29% in the next 2 years.
Upcoming Dividend • May 02Upcoming dividend of ฿0.19 per share at 6.4% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 23 May 2023. Payout ratio and cash payout ratio are on the higher end at 93% and 84% respectively. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (4.0%).
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: ฿0.10 (up from ฿0.092 in 3Q 2021). Revenue: ฿383.1m (up 23% from 3Q 2021). Net income: ฿62.2m (up 11% from 3Q 2021). Profit margin: 16% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Food industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Sep 13Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿8.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 18% in a year. Earnings is forecast to grow by 8.4% in the next year.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio and cash payout ratio are on the higher end at 88% and 88% respectively. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.1%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.11 (vs ฿0.089 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.11 (up from ฿0.089 in 2Q 2021). Revenue: ฿385.3m (up 8.9% from 2Q 2021). Net income: ฿68.4m (up 27% from 2Q 2021). Profit margin: 18% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 8.7% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.10 (up from ฿0.077 in 1Q 2021). Revenue: ฿338.8m (up 4.0% from 1Q 2021). Net income: ฿60.1m (up 29% from 1Q 2021). Profit margin: 18% (up from 14% in 1Q 2021). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 20%, compared to a 7.4% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year.
Buying Opportunity • Apr 29Now 20% undervaluedOver the last 90 days, the stock is up 4.2%. The fair value is estimated to be ฿9.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.
Upcoming Dividend • Apr 21Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 19 May 2022. Payout ratio and cash payout ratio are on the higher end at 94% and 94% respectively. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (3.3%).
Buying Opportunity • Mar 29Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.8%. The fair value is estimated to be ฿9.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29% per annum over the last 3 years.
Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.35 (up from ฿0.31 in FY 2020). Revenue: ฿1.35b (up 2.2% from FY 2020). Net income: ฿214.2m (up 14% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 14%, compared to a 6.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.15 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.6%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.089 (vs ฿0.079 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿353.9m (up 9.8% from 2Q 2020). Net income: ฿53.9m (up 13% from 2Q 2020). Profit margin: 15% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿7.25, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Food industry in Thailand. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.45 per share.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.077 (vs ฿0.07 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ฿325.9m (flat on 1Q 2020). Net income: ฿46.7m (up 9.5% from 1Q 2020). Profit margin: 14% (up from 13% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 21Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 28 April 2021. Payment date: 13 May 2021. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (3.4%).
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿7.50, the stock is trading at a trailing P/E ratio of 24.2x, down from the previous P/E ratio of 28.7x. This compares to an average P/E of 16x in the Food industry in Thailand. Total returns to shareholders over the past three years are 87%.
Reported Earnings • Feb 21Full year 2020 earnings released: EPS ฿0.31 (vs ฿0.27 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: ฿1.32b (down 14% from FY 2019). Net income: ฿188.4m (up 16% from FY 2019). Profit margin: 14% (up from 11% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 21Revenue behind estimatesRevenue missed analyst estimates by 3.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 28%, compared to a 1.6% growth forecast for the Food industry in Thailand.
Is New 90 Day High Low • Feb 17New 90-day high: ฿8.35The company is up 27% from its price of ฿6.60 on 19 November 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.73 per share.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿7.75, the stock is trading at a trailing P/E ratio of 25.9x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 17x in the Food industry in Thailand. Total returns to shareholders over the past three years are 71%.
Is New 90 Day High Low • Jan 28New 90-day high: ฿7.20The company is up 9.0% from its price of ฿6.60 on 30 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.63 per share.
Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 3.4% growth forecast for the Food industry in Thailand.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ฿0.077The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿345.8m (down 6.7% from 3Q 2019). Net income: ฿46.7m (up 13% from 3Q 2019). Profit margin: 14% (up from 11% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Nov 04New 90-day high: ฿7.00The company is up 16% from its price of ฿6.05 on 06 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.63 per share.
Price Target Changed • Oct 10Price target raised to ฿7.57Up from ฿6.70, the current price target is an average from 3 analysts. The new target price is 13% above the current share price of ฿6.70. As of last close, the stock is up 39% over the past year.
Is New 90 Day High Low • Oct 07New 90-day high: ฿6.90The company is up 24% from its price of ฿5.55 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.63 per share.