View Financial Health2S Metal 配当と自社株買い配当金 基準チェック /362S Metalは配当を支払う会社で、現在の利回りは6.37%ですが、利益によって十分にカバーされています。次の支払い日は 14th May, 2026で、権利落ち日は12th March, 2026 。主要情報6.4%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長9.6%次回配当支払日14 May 26配当落ち日12 Mar 26一株当たり配当金n/a配当性向76%最近の配当と自社株買いの更新Declared Dividend • Mar 02Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 12th March 2026 Payment date: 14th May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years.お知らせ • Apr 252S Metal Public Company Limited Approves Dividend Payment for Year 2024, Payable on May 15, 20252S Metal Public Company Limited at its AGM held on April 24, 2025, approved the dividend payment of year 2024 from the Company's Unappropriated Retained Earnings and net profit at THB 0.11 per share with an amount not exceeding THB 60.50 million, representing a dividend payout ratio of 460.78% from the Company's separate financial statement of 2024. The dividend will be paid from the Company's operation of Non BOI business. Once the interim dividend was paid on September 12, 2024, the remaining dividend to be paid in this regard at THB 0.04 per share or totally in the amount of approximately THB 22.00 million. In this regards, the total dividend will be deducted withholding tax at the rate specified by law. The cash dividend will be paid the withholding tax, which individual shareholders received a tax credit in calculating tax under Section 40 bis. The dividend will be paid on May 15, 2025, Ex-Date March 7, 2025.Declared Dividend • Feb 22Final dividend reduced to ฿0.04Dividend of ฿0.04 is 67% lower than last year. Ex-date: 7th March 2025 Payment date: 15th May 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (333% earnings payout ratio) nor is it covered by cash flows (dividend approximately 302x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 270% to bring the payout ratio under control. However, EPS has declined by 29% over the last 5 years so the company would need to reverse this trend.お知らせ • Aug 172S Metal Public Company Limited Announces Interim Cash Dividend Payment for the Period from January 1, 2023 to June 30, 2023, Payable September 12, 20242S Metal Public Company Limited announced interim cash dividend of THB 0.07 per share for the period from January 1, 2024 to June 30, 2024. Payment date is September 12, 2024. Record date for the right to receive dividends is August 29, 2024. Ex-dividend date is August 28, 2024.Upcoming Dividend • Feb 29Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.8%).Declared Dividend • Feb 24Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 7th March 2024 Payment date: 21st May 2024 Dividend yield will be 7.1%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is more than the 8.7% EPS growth achieved over the last 5 years.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿3.14, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 11x in the Metals and Mining industry in Thailand. Total returns to shareholders of 24% over the past three years.Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.26 (vs ฿0.043 in FY 2024)Full year 2025 results: EPS: ฿0.26 (up from ฿0.043 in FY 2024). Revenue: ฿7.54b (up 1.3% from FY 2024). Net income: ฿144.5m (up ฿121.0m from FY 2024). Profit margin: 1.9% (up from 0.3% in FY 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 6% per year, which means it is significantly lagging earnings.Board Change • Mar 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Mar 02Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 12th March 2026 Payment date: 14th May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years.お知らせ • Feb 262S Metal Public Company Limited, Annual General Meeting, Apr 23, 20262S Metal Public Company Limited, Annual General Meeting, Apr 23, 2026, at 10:30 SE Asia Standard Time.Buy Or Sell Opportunity • Jan 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.6% to ฿2.44. The fair value is estimated to be ฿3.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.13 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (improved from ฿0.13 loss in 3Q 2024). Revenue: ฿1.87b (up 8.9% from 3Q 2024). Net loss: ฿30.0k (loss narrowed 100% from 3Q 2024). Profit margin: 0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.065 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.14 (up from ฿0.065 in 2Q 2024). Revenue: ฿1.84b (down 8.1% from 2Q 2024). Net income: ฿75.5m (up 111% from 2Q 2024). Profit margin: 4.1% (up from 1.8% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.089 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (up from ฿0.089 in 1Q 2024). Revenue: ฿2.00b (flat on 1Q 2024). Net income: ฿64.7m (up 32% from 1Q 2024). Profit margin: 3.2% (up from 2.4% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.お知らせ • Apr 252S Metal Public Company Limited Approves Dividend Payment for Year 2024, Payable on May 15, 20252S Metal Public Company Limited at its AGM held on April 24, 2025, approved the dividend payment of year 2024 from the Company's Unappropriated Retained Earnings and net profit at THB 0.11 per share with an amount not exceeding THB 60.50 million, representing a dividend payout ratio of 460.78% from the Company's separate financial statement of 2024. The dividend will be paid from the Company's operation of Non BOI business. Once the interim dividend was paid on September 12, 2024, the remaining dividend to be paid in this regard at THB 0.04 per share or totally in the amount of approximately THB 22.00 million. In this regards, the total dividend will be deducted withholding tax at the rate specified by law. The cash dividend will be paid the withholding tax, which individual shareholders received a tax credit in calculating tax under Section 40 bis. The dividend will be paid on May 15, 2025, Ex-Date March 7, 2025.Declared Dividend • Feb 22Final dividend reduced to ฿0.04Dividend of ฿0.04 is 67% lower than last year. Ex-date: 7th March 2025 Payment date: 15th May 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (333% earnings payout ratio) nor is it covered by cash flows (dividend approximately 302x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 270% to bring the payout ratio under control. However, EPS has declined by 29% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿0.043 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.043 (down from ฿0.29 in FY 2023). Revenue: ฿7.45b (up 9.9% from FY 2023). Net income: ฿23.6m (down 85% from FY 2023). Profit margin: 0.3% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.お知らせ • Feb 20+ 1 more update2S Metal Public Company Limited, Annual General Meeting, Apr 24, 20252S Metal Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:30 SE Asia Standard Time.New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 385% Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (฿1.61b market cap, or US$46.1m).Reported Earnings • Nov 17Third quarter 2024 earnings released: ฿0.13 loss per share (vs ฿0.062 profit in 3Q 2023)Third quarter 2024 results: ฿0.13 loss per share (down from ฿0.062 profit in 3Q 2023). Revenue: ฿1.72b (down 1.5% from 3Q 2023). Net loss: ฿70.7m (down 307% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Sep 30Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿3.00. The fair value is estimated to be ฿2.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • Aug 172S Metal Public Company Limited Announces Interim Cash Dividend Payment for the Period from January 1, 2023 to June 30, 2023, Payable September 12, 20242S Metal Public Company Limited announced interim cash dividend of THB 0.07 per share for the period from January 1, 2024 to June 30, 2024. Payment date is September 12, 2024. Record date for the right to receive dividends is August 29, 2024. Ex-dividend date is August 28, 2024.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.065 (vs ฿0.046 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.065 (up from ฿0.046 in 2Q 2023). Revenue: ฿2.00b (up 32% from 2Q 2023). Net income: ฿35.7m (up 43% from 2Q 2023). Profit margin: 1.8% (up from 1.6% in 2Q 2023). The increase in margin was 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 60 percentage points per year, which is a significant difference in performance.Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.089 (vs ฿0.15 in 1Q 2023)First quarter 2024 results: EPS: ฿0.089 (down from ฿0.15 in 1Q 2023). Revenue: ฿2.01b (up 6.6% from 1Q 2023). Net income: ฿49.0m (down 41% from 1Q 2023). Profit margin: 2.4% (down from 4.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Apr 30Now 20% overvaluedOver the last 90 days, the stock has fallen 1.3% to ฿3.06. The fair value is estimated to be ฿2.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Mar 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.6% to ฿3.10. The fair value is estimated to be ฿2.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Feb 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to ฿3.12. The fair value is estimated to be ฿2.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable.Upcoming Dividend • Feb 29Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.8%).Declared Dividend • Feb 24Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 7th March 2024 Payment date: 21st May 2024 Dividend yield will be 7.1%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is more than the 8.7% EPS growth achieved over the last 5 years.お知らせ • Feb 23+ 1 more update2S Metal Public Company Limited Propose Dividend, Payable on May 21, 2024The board of directors of 2S Metal Public Company Limited at its meeting held on February 22, 2024, proposed to the shareholders meeting to consider and approve the dividend payment of year 2023 (January 1st -December 31st, 2023) at THB 0.22 per share with an amount not exceeding THB 121.00 million, representing a dividend payout ratio of 73.96% from the Company's separate financial statement of the year 2023. However, the Board of Directors Meeting No. 3/2023 held on August 8th, 2023 resolved to pay an interim dividend in cash from the Company's performance in the first half of 2023 (January 1st,- June 30th, 2023) at the rate of THB 0.10 per share, equivalent to approximately THB 55.00 million. The interim dividend was paid on September 7th, 2022. Thus, the remaining dividend to be paid in this regard at THB 0.12 per share or totally in the amount of approximately THB 66.00 million from the Company's profit and retained earning in the second half of 2023 (July 1st - December 31st 2023). The right to receive the dividend is still uncertain, based on the approval of the Annual General Meeting of Shareholders 2024. If the AGM approved the dividend proposed by the Board of Director, the Record Date determining the shareholders who are entitled to receive dividend will be on March 8th, 2024. The dividend will be paid on May 21st, 2024.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿0.29 (vs ฿0.22 loss in FY 2022)Full year 2023 results: EPS: ฿0.29 (up from ฿0.22 loss in FY 2022). Revenue: ฿6.78b (up 1.0% from FY 2022). Net income: ฿159.8m (up ฿282.0m from FY 2022). Profit margin: 2.4% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.062 (vs ฿0.24 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.062 (up from ฿0.24 loss in 3Q 2022). Revenue: ฿1.74b (up 6.0% from 3Q 2022). Net income: ฿34.2m (up ฿169.0m from 3Q 2022). Profit margin: 2.0% (up from net loss in 3Q 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 62 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 15Upcoming dividend of ฿0.10 per share at 6.5% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 07 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (6.4%). In line with average of industry peers (6.5%).New Risk • Aug 09New major risk - Revenue and earnings growthEarnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (฿1.67b market cap, or US$47.9m).お知らせ • Aug 092S Metal Public Company Limited Announces Cash Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on September 07, 20232S Metal Public Company Limited announced Cash dividend payment of THB 0.10 Par value THB 1.00 for the period from 01 January 2023 to 30 June 2023. Payment date is September 07, 2023. Record date for the right to receive dividends is August 23, 2023. Ex-dividend date is August 22, 2023.Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: ฿0.046 (vs ฿0.097 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.046 (up from ฿0.097 loss in 2Q 2022). Revenue: ฿1.52b (down 7.0% from 2Q 2022). Net income: ฿25.1m (up ฿78.2m from 2Q 2022). Profit margin: 1.6% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.15 (vs ฿0.089 in 1Q 2022)First quarter 2023 results: EPS: ฿0.15 (up from ฿0.089 in 1Q 2022). Revenue: ฿1.88b (up 1.1% from 1Q 2022). Net income: ฿83.4m (up 70% from 1Q 2022). Profit margin: 4.4% (up from 2.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 01Upcoming dividend of ฿0.20 per share at 6.1% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 18 May 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.1%. Within top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (7.4%).Reported Earnings • Feb 23Full year 2022 earnings released: ฿0.22 loss per share (vs ฿1.34 profit in FY 2021)Full year 2022 results: ฿0.22 loss per share (down from ฿1.34 profit in FY 2021). Revenue: ฿6.71b (up 2.9% from FY 2021). Net loss: ฿122.2m (down 117% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: ฿0.097 loss per share. Revenue: ฿1.64b (flat on 2Q 2021). Net loss: ฿53.1m (down 119% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.098 (vs ฿0.45 in 1Q 2021)First quarter 2022 results: EPS: ฿0.098 (down from ฿0.45 in 1Q 2021). Revenue: ฿1.86b (up 11% from 1Q 2021). Net income: ฿49.1m (down 80% from 1Q 2021). Profit margin: 2.6% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 08Upcoming dividend of ฿0.27 per shareEligible shareholders must have bought the stock before 15 March 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 9.2%. Within top quartile of Thai dividend payers (5.3%). Higher than average of industry peers (7.1%).Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.48 (up from ฿0.82 in FY 2020). Revenue: ฿6.52b (up 16% from FY 2020). Net income: ฿737.5m (up 80% from FY 2020). Profit margin: 11% (up from 7.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 26+ 1 more update2S Metal Public Company Limited Proposes Dividend, Payable on May 19, 20222S Metal Public Company Limited proposed dividend to be paid at THB 0.37 per share or totally in the amount of approximately THB 185.00 million as details following; Paid stock dividend by ordinary shares in the ratio of 10 existing shares per 1 stock dividend at par value of THB 1 per share, which total not more than 49,999,900 shares, equivalent THB 0.10 per share or the amount not exceed THB 49,999,900. In case, the shareholder has the fraction of shares calculated in proportion to the stock dividend, the fraction will be cut off and paid by cash instead of a stock dividend at the rate of THB 0.10 per share. The cash dividend of THB 0.27 per share or equivalent to an amount not exceed THB134,999,445.42 (Such the fraction of the stock dividend as 2.1 that will be paid cashinstead The cash dividend may be expanded. But the total amount of bothdividends will not exceeding THB 185.00 million). The right to receive the dividend is still uncertain, based on the approval of the AnnualGeneral Meeting of Shareholders 2022 on April 24th, 2022. If the AGM approved thedividend proposed by the Board of Director, the Record Date determining the shareholderswho are entitled to receive dividend will be on March 16, 2022. The dividend will be paidon May 19, 2022.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.05, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total returns to shareholders of 202% over the past three years.Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS ฿0.55 (vs ฿0.16 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿1.65b (up 9.2% from 2Q 2020). Net income: ฿275.7m (up 253% from 2Q 2020). Profit margin: 17% (up from 5.2% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿5.55, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 13x in the Metals and Mining industry in Thailand. Total returns to shareholders of 102% over the past three years.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.55 (vs ฿0.26 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.68b (up 13% from 1Q 2020). Net income: ฿247.2m (up 91% from 1Q 2020). Profit margin: 15% (up from 8.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 21Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 28 April 2021. Payment date: 20 May 2021. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (4.2%).Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿5.85, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 16x in the Metals and Mining industry in Thailand. Total returns to shareholders of 67% over the past three years.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.91 (vs ฿0.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿5.60b (up 3.8% from FY 2019). Net income: ฿410.2m (up 208% from FY 2019). Profit margin: 7.3% (up from 2.5% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.お知らせ • Feb 262S Metal Public Company Limited, Annual General Meeting, Apr 21, 20212S Metal Public Company Limited, Annual General Meeting, Apr 21, 2021, at 03:30 Coordinated Universal Time. Location: Sathorn room, 4th floor Q- House Lumpini Building, no. 1 Sathorn Road Thungmahamek, Sathorn Bangkok Thailand Agenda: To consider and approve the minutes of the annual general meeting of shareholder for the year 2020; to consider and approve the report on the company's operating result for the fiscal year 2020; to consider and approve the audited financial statements for the year ended December 31st, 2020; to consider and approve allocation the company's net profit and dividend payment; to consider and approve the decreasing of the company's registered capital; to consider and approve the amendment of clause 4 of the company's memorandum of association according to decreasing registered capital; to consider and approve the increasing of the company's registered capital; to consider and approve the amendment of clause 4 of the company's memorandum of association according to increasing registered capital; to consider and approve the allotment of new ordinary shares; and to consider other matters.Is New 90 Day High Low • Feb 20New 90-day high: ฿4.50The company is up 18% from its price of ฿3.80 on 20 November 2020. The Thai market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 34% over the same period.Is New 90 Day High Low • Jan 27New 90-day high: ฿4.34The company is up 31% from its price of ฿3.32 on 29 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 37% over the same period.Is New 90 Day High Low • Jan 06New 90-day high: ฿4.24The company is up 36% from its price of ฿3.12 on 08 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period.Is New 90 Day High Low • Dec 15New 90-day high: ฿4.12The company is up 31% from its price of ฿3.14 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period.Is New 90 Day High Low • Nov 23New 90-day high: ฿3.88The company is up 20% from its price of ฿3.22 on 25 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.23The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.30b (up 8.3% from 3Q 2019). Net income: ฿101.6m (up ฿102.7m from 3Q 2019). Profit margin: 7.8% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year.Is New 90 Day High Low • Nov 05New 90-day high: ฿3.46The company is up 12% from its price of ฿3.08 on 07 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 Metals and Mining industry, which is down 6.0% over the same period.Is New 90 Day High Low • Oct 16New 90-day high: ฿3.42The company is up 27% from its price of ฿2.70 on 17 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 Metals and Mining industry, which is down 5.0% over the same period.決済の安定と成長配当データの取得安定した配当: 2Sの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 2Sの配当金は過去10年間にわたって増加しています。配当利回り対市場2S Metal 配当利回り対市場2S 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (2S)6.4%市場下位25% (TH)3.5%市場トップ25% (TH)7.5%業界平均 (Metals and Mining)5.1%アナリスト予想 (2S) (最長3年)n/a注目すべき配当: 2Sの配当金 ( 6.37% ) はTH市場の配当金支払者の下位 25% ( 3.45% ) よりも高くなっています。高配当: 2Sの配当金 ( 6.37% ) はTH市場の配当金支払者の上位 25% ( 7.46% ) と比較すると低いです。株主への利益配当収益カバレッジ: 現在の配当性向（ 76.1% ）では、 2Sの支払いは利益によってカバーされています。株主配当金キャッシュフローカバレッジ: 2Sは高い 現金配当性向 ( 152.3% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。高配当企業の発掘7D1Y7D1Y7D1YTH 市場の強力な配当支払い企業。View Management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2026/05/09 16:05終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋2S Metal 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。0
Declared Dividend • Mar 02Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 12th March 2026 Payment date: 14th May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years.
お知らせ • Apr 252S Metal Public Company Limited Approves Dividend Payment for Year 2024, Payable on May 15, 20252S Metal Public Company Limited at its AGM held on April 24, 2025, approved the dividend payment of year 2024 from the Company's Unappropriated Retained Earnings and net profit at THB 0.11 per share with an amount not exceeding THB 60.50 million, representing a dividend payout ratio of 460.78% from the Company's separate financial statement of 2024. The dividend will be paid from the Company's operation of Non BOI business. Once the interim dividend was paid on September 12, 2024, the remaining dividend to be paid in this regard at THB 0.04 per share or totally in the amount of approximately THB 22.00 million. In this regards, the total dividend will be deducted withholding tax at the rate specified by law. The cash dividend will be paid the withholding tax, which individual shareholders received a tax credit in calculating tax under Section 40 bis. The dividend will be paid on May 15, 2025, Ex-Date March 7, 2025.
Declared Dividend • Feb 22Final dividend reduced to ฿0.04Dividend of ฿0.04 is 67% lower than last year. Ex-date: 7th March 2025 Payment date: 15th May 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (333% earnings payout ratio) nor is it covered by cash flows (dividend approximately 302x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 270% to bring the payout ratio under control. However, EPS has declined by 29% over the last 5 years so the company would need to reverse this trend.
お知らせ • Aug 172S Metal Public Company Limited Announces Interim Cash Dividend Payment for the Period from January 1, 2023 to June 30, 2023, Payable September 12, 20242S Metal Public Company Limited announced interim cash dividend of THB 0.07 per share for the period from January 1, 2024 to June 30, 2024. Payment date is September 12, 2024. Record date for the right to receive dividends is August 29, 2024. Ex-dividend date is August 28, 2024.
Upcoming Dividend • Feb 29Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.8%).
Declared Dividend • Feb 24Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 7th March 2024 Payment date: 21st May 2024 Dividend yield will be 7.1%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is more than the 8.7% EPS growth achieved over the last 5 years.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿3.14, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 11x in the Metals and Mining industry in Thailand. Total returns to shareholders of 24% over the past three years.
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.26 (vs ฿0.043 in FY 2024)Full year 2025 results: EPS: ฿0.26 (up from ฿0.043 in FY 2024). Revenue: ฿7.54b (up 1.3% from FY 2024). Net income: ฿144.5m (up ฿121.0m from FY 2024). Profit margin: 1.9% (up from 0.3% in FY 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 6% per year, which means it is significantly lagging earnings.
Board Change • Mar 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Mar 02Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 12th March 2026 Payment date: 14th May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years.
お知らせ • Feb 262S Metal Public Company Limited, Annual General Meeting, Apr 23, 20262S Metal Public Company Limited, Annual General Meeting, Apr 23, 2026, at 10:30 SE Asia Standard Time.
Buy Or Sell Opportunity • Jan 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.6% to ฿2.44. The fair value is estimated to be ฿3.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.13 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (improved from ฿0.13 loss in 3Q 2024). Revenue: ฿1.87b (up 8.9% from 3Q 2024). Net loss: ฿30.0k (loss narrowed 100% from 3Q 2024). Profit margin: 0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.065 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.14 (up from ฿0.065 in 2Q 2024). Revenue: ฿1.84b (down 8.1% from 2Q 2024). Net income: ฿75.5m (up 111% from 2Q 2024). Profit margin: 4.1% (up from 1.8% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.089 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (up from ฿0.089 in 1Q 2024). Revenue: ฿2.00b (flat on 1Q 2024). Net income: ฿64.7m (up 32% from 1Q 2024). Profit margin: 3.2% (up from 2.4% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 252S Metal Public Company Limited Approves Dividend Payment for Year 2024, Payable on May 15, 20252S Metal Public Company Limited at its AGM held on April 24, 2025, approved the dividend payment of year 2024 from the Company's Unappropriated Retained Earnings and net profit at THB 0.11 per share with an amount not exceeding THB 60.50 million, representing a dividend payout ratio of 460.78% from the Company's separate financial statement of 2024. The dividend will be paid from the Company's operation of Non BOI business. Once the interim dividend was paid on September 12, 2024, the remaining dividend to be paid in this regard at THB 0.04 per share or totally in the amount of approximately THB 22.00 million. In this regards, the total dividend will be deducted withholding tax at the rate specified by law. The cash dividend will be paid the withholding tax, which individual shareholders received a tax credit in calculating tax under Section 40 bis. The dividend will be paid on May 15, 2025, Ex-Date March 7, 2025.
Declared Dividend • Feb 22Final dividend reduced to ฿0.04Dividend of ฿0.04 is 67% lower than last year. Ex-date: 7th March 2025 Payment date: 15th May 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (333% earnings payout ratio) nor is it covered by cash flows (dividend approximately 302x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 270% to bring the payout ratio under control. However, EPS has declined by 29% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿0.043 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.043 (down from ฿0.29 in FY 2023). Revenue: ฿7.45b (up 9.9% from FY 2023). Net income: ฿23.6m (down 85% from FY 2023). Profit margin: 0.3% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 20+ 1 more update2S Metal Public Company Limited, Annual General Meeting, Apr 24, 20252S Metal Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:30 SE Asia Standard Time.
New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 385% Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (฿1.61b market cap, or US$46.1m).
Reported Earnings • Nov 17Third quarter 2024 earnings released: ฿0.13 loss per share (vs ฿0.062 profit in 3Q 2023)Third quarter 2024 results: ฿0.13 loss per share (down from ฿0.062 profit in 3Q 2023). Revenue: ฿1.72b (down 1.5% from 3Q 2023). Net loss: ฿70.7m (down 307% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Sep 30Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿3.00. The fair value is estimated to be ฿2.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • Aug 172S Metal Public Company Limited Announces Interim Cash Dividend Payment for the Period from January 1, 2023 to June 30, 2023, Payable September 12, 20242S Metal Public Company Limited announced interim cash dividend of THB 0.07 per share for the period from January 1, 2024 to June 30, 2024. Payment date is September 12, 2024. Record date for the right to receive dividends is August 29, 2024. Ex-dividend date is August 28, 2024.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.065 (vs ฿0.046 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.065 (up from ฿0.046 in 2Q 2023). Revenue: ฿2.00b (up 32% from 2Q 2023). Net income: ฿35.7m (up 43% from 2Q 2023). Profit margin: 1.8% (up from 1.6% in 2Q 2023). The increase in margin was 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 60 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.089 (vs ฿0.15 in 1Q 2023)First quarter 2024 results: EPS: ฿0.089 (down from ฿0.15 in 1Q 2023). Revenue: ฿2.01b (up 6.6% from 1Q 2023). Net income: ฿49.0m (down 41% from 1Q 2023). Profit margin: 2.4% (down from 4.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Apr 30Now 20% overvaluedOver the last 90 days, the stock has fallen 1.3% to ฿3.06. The fair value is estimated to be ฿2.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Mar 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.6% to ฿3.10. The fair value is estimated to be ฿2.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Feb 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to ฿3.12. The fair value is estimated to be ฿2.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable.
Upcoming Dividend • Feb 29Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.8%).
Declared Dividend • Feb 24Final dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 7th March 2024 Payment date: 21st May 2024 Dividend yield will be 7.1%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is more than the 8.7% EPS growth achieved over the last 5 years.
お知らせ • Feb 23+ 1 more update2S Metal Public Company Limited Propose Dividend, Payable on May 21, 2024The board of directors of 2S Metal Public Company Limited at its meeting held on February 22, 2024, proposed to the shareholders meeting to consider and approve the dividend payment of year 2023 (January 1st -December 31st, 2023) at THB 0.22 per share with an amount not exceeding THB 121.00 million, representing a dividend payout ratio of 73.96% from the Company's separate financial statement of the year 2023. However, the Board of Directors Meeting No. 3/2023 held on August 8th, 2023 resolved to pay an interim dividend in cash from the Company's performance in the first half of 2023 (January 1st,- June 30th, 2023) at the rate of THB 0.10 per share, equivalent to approximately THB 55.00 million. The interim dividend was paid on September 7th, 2022. Thus, the remaining dividend to be paid in this regard at THB 0.12 per share or totally in the amount of approximately THB 66.00 million from the Company's profit and retained earning in the second half of 2023 (July 1st - December 31st 2023). The right to receive the dividend is still uncertain, based on the approval of the Annual General Meeting of Shareholders 2024. If the AGM approved the dividend proposed by the Board of Director, the Record Date determining the shareholders who are entitled to receive dividend will be on March 8th, 2024. The dividend will be paid on May 21st, 2024.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿0.29 (vs ฿0.22 loss in FY 2022)Full year 2023 results: EPS: ฿0.29 (up from ฿0.22 loss in FY 2022). Revenue: ฿6.78b (up 1.0% from FY 2022). Net income: ฿159.8m (up ฿282.0m from FY 2022). Profit margin: 2.4% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.062 (vs ฿0.24 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.062 (up from ฿0.24 loss in 3Q 2022). Revenue: ฿1.74b (up 6.0% from 3Q 2022). Net income: ฿34.2m (up ฿169.0m from 3Q 2022). Profit margin: 2.0% (up from net loss in 3Q 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 62 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 15Upcoming dividend of ฿0.10 per share at 6.5% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 07 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (6.4%). In line with average of industry peers (6.5%).
New Risk • Aug 09New major risk - Revenue and earnings growthEarnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (฿1.67b market cap, or US$47.9m).
お知らせ • Aug 092S Metal Public Company Limited Announces Cash Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on September 07, 20232S Metal Public Company Limited announced Cash dividend payment of THB 0.10 Par value THB 1.00 for the period from 01 January 2023 to 30 June 2023. Payment date is September 07, 2023. Record date for the right to receive dividends is August 23, 2023. Ex-dividend date is August 22, 2023.
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: ฿0.046 (vs ฿0.097 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.046 (up from ฿0.097 loss in 2Q 2022). Revenue: ฿1.52b (down 7.0% from 2Q 2022). Net income: ฿25.1m (up ฿78.2m from 2Q 2022). Profit margin: 1.6% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.15 (vs ฿0.089 in 1Q 2022)First quarter 2023 results: EPS: ฿0.15 (up from ฿0.089 in 1Q 2022). Revenue: ฿1.88b (up 1.1% from 1Q 2022). Net income: ฿83.4m (up 70% from 1Q 2022). Profit margin: 4.4% (up from 2.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 01Upcoming dividend of ฿0.20 per share at 6.1% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 18 May 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.1%. Within top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (7.4%).
Reported Earnings • Feb 23Full year 2022 earnings released: ฿0.22 loss per share (vs ฿1.34 profit in FY 2021)Full year 2022 results: ฿0.22 loss per share (down from ฿1.34 profit in FY 2021). Revenue: ฿6.71b (up 2.9% from FY 2021). Net loss: ฿122.2m (down 117% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: ฿0.097 loss per share. Revenue: ฿1.64b (flat on 2Q 2021). Net loss: ฿53.1m (down 119% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.098 (vs ฿0.45 in 1Q 2021)First quarter 2022 results: EPS: ฿0.098 (down from ฿0.45 in 1Q 2021). Revenue: ฿1.86b (up 11% from 1Q 2021). Net income: ฿49.1m (down 80% from 1Q 2021). Profit margin: 2.6% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 08Upcoming dividend of ฿0.27 per shareEligible shareholders must have bought the stock before 15 March 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 9.2%. Within top quartile of Thai dividend payers (5.3%). Higher than average of industry peers (7.1%).
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.48 (up from ฿0.82 in FY 2020). Revenue: ฿6.52b (up 16% from FY 2020). Net income: ฿737.5m (up 80% from FY 2020). Profit margin: 11% (up from 7.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 26+ 1 more update2S Metal Public Company Limited Proposes Dividend, Payable on May 19, 20222S Metal Public Company Limited proposed dividend to be paid at THB 0.37 per share or totally in the amount of approximately THB 185.00 million as details following; Paid stock dividend by ordinary shares in the ratio of 10 existing shares per 1 stock dividend at par value of THB 1 per share, which total not more than 49,999,900 shares, equivalent THB 0.10 per share or the amount not exceed THB 49,999,900. In case, the shareholder has the fraction of shares calculated in proportion to the stock dividend, the fraction will be cut off and paid by cash instead of a stock dividend at the rate of THB 0.10 per share. The cash dividend of THB 0.27 per share or equivalent to an amount not exceed THB134,999,445.42 (Such the fraction of the stock dividend as 2.1 that will be paid cashinstead The cash dividend may be expanded. But the total amount of bothdividends will not exceeding THB 185.00 million). The right to receive the dividend is still uncertain, based on the approval of the AnnualGeneral Meeting of Shareholders 2022 on April 24th, 2022. If the AGM approved thedividend proposed by the Board of Director, the Record Date determining the shareholderswho are entitled to receive dividend will be on March 16, 2022. The dividend will be paidon May 19, 2022.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.05, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total returns to shareholders of 202% over the past three years.
Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS ฿0.55 (vs ฿0.16 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿1.65b (up 9.2% from 2Q 2020). Net income: ฿275.7m (up 253% from 2Q 2020). Profit margin: 17% (up from 5.2% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿5.55, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 13x in the Metals and Mining industry in Thailand. Total returns to shareholders of 102% over the past three years.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.55 (vs ฿0.26 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.68b (up 13% from 1Q 2020). Net income: ฿247.2m (up 91% from 1Q 2020). Profit margin: 15% (up from 8.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 21Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 28 April 2021. Payment date: 20 May 2021. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (4.2%).
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿5.85, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 16x in the Metals and Mining industry in Thailand. Total returns to shareholders of 67% over the past three years.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.91 (vs ฿0.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿5.60b (up 3.8% from FY 2019). Net income: ฿410.2m (up 208% from FY 2019). Profit margin: 7.3% (up from 2.5% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
お知らせ • Feb 262S Metal Public Company Limited, Annual General Meeting, Apr 21, 20212S Metal Public Company Limited, Annual General Meeting, Apr 21, 2021, at 03:30 Coordinated Universal Time. Location: Sathorn room, 4th floor Q- House Lumpini Building, no. 1 Sathorn Road Thungmahamek, Sathorn Bangkok Thailand Agenda: To consider and approve the minutes of the annual general meeting of shareholder for the year 2020; to consider and approve the report on the company's operating result for the fiscal year 2020; to consider and approve the audited financial statements for the year ended December 31st, 2020; to consider and approve allocation the company's net profit and dividend payment; to consider and approve the decreasing of the company's registered capital; to consider and approve the amendment of clause 4 of the company's memorandum of association according to decreasing registered capital; to consider and approve the increasing of the company's registered capital; to consider and approve the amendment of clause 4 of the company's memorandum of association according to increasing registered capital; to consider and approve the allotment of new ordinary shares; and to consider other matters.
Is New 90 Day High Low • Feb 20New 90-day high: ฿4.50The company is up 18% from its price of ฿3.80 on 20 November 2020. The Thai market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 34% over the same period.
Is New 90 Day High Low • Jan 27New 90-day high: ฿4.34The company is up 31% from its price of ฿3.32 on 29 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 37% over the same period.
Is New 90 Day High Low • Jan 06New 90-day high: ฿4.24The company is up 36% from its price of ฿3.12 on 08 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period.
Is New 90 Day High Low • Dec 15New 90-day high: ฿4.12The company is up 31% from its price of ฿3.14 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period.
Is New 90 Day High Low • Nov 23New 90-day high: ฿3.88The company is up 20% from its price of ฿3.22 on 25 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.23The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.30b (up 8.3% from 3Q 2019). Net income: ฿101.6m (up ฿102.7m from 3Q 2019). Profit margin: 7.8% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year.
Is New 90 Day High Low • Nov 05New 90-day high: ฿3.46The company is up 12% from its price of ฿3.08 on 07 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 Metals and Mining industry, which is down 6.0% over the same period.
Is New 90 Day High Low • Oct 16New 90-day high: ฿3.42The company is up 27% from its price of ฿2.70 on 17 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 Metals and Mining industry, which is down 5.0% over the same period.