View Future GrowthAsia Metal 過去の業績過去 基準チェック /16Asia Metalの収益は年間平均-47.8%の割合で減少していますが、 Metals and Mining業界の収益は年間 減少しています。収益は年間14.6% 1.1%割合で 増加しています。 Asia Metalの自己資本利益率は0.5%であり、純利益率は0.3%です。主要情報-47.77%収益成長率-47.79%EPS成長率Metals and Mining 業界の成長15.45%収益成長率1.08%株主資本利益率0.46%ネット・マージン0.25%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 20First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.06 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (in line with 1Q 2025). Revenue: ฿1.52b (down 12% from 1Q 2025). Net income: ฿31.1m (up 5.7% from 1Q 2025). Profit margin: 2.0% (up from 1.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.03 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.03 (down from ฿0.15 in FY 2024). Revenue: ฿6.19b (down 16% from FY 2024). Net income: ฿13.5m (down 81% from FY 2024). Profit margin: 0.2% (down from 1.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.01 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿1.39b (down 12% from 3Q 2024). Net loss: ฿6.01m (down 153% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.13 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.02 (down from ฿0.13 in 2Q 2024). Revenue: ฿1.81b (down 6.8% from 2Q 2024). Net income: ฿10.3m (down 83% from 2Q 2024). Profit margin: 0.6% (down from 3.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.15 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.15 in 1Q 2024). Revenue: ฿1.74b (down 22% from 1Q 2024). Net income: ฿29.4m (down 60% from 1Q 2024). Profit margin: 1.7% (down from 3.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.87 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.87 in FY 2023). Revenue: ฿7.32b (down 7.7% from FY 2023). Net income: ฿71.2m (down 83% from FY 2023). Profit margin: 1.0% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesBuy Or Sell Opportunity • Jun 25Now 21% overvaluedOver the last 90 days, the stock has fallen 10% to ฿2.08. The fair value is estimated to be ฿1.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • May 20First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.06 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (in line with 1Q 2025). Revenue: ฿1.52b (down 12% from 1Q 2025). Net income: ฿31.1m (up 5.7% from 1Q 2025). Profit margin: 2.0% (up from 1.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 12Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 22 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (6.8%).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.03 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.03 (down from ฿0.15 in FY 2024). Revenue: ฿6.19b (down 16% from FY 2024). Net income: ฿13.5m (down 81% from FY 2024). Profit margin: 0.2% (down from 1.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Feb 26Asia Metal Public Company Limited Proposes Dividend for the Fiscal Year Ended December 31, 2025, Payable on May 22, 2026Asia Metal Public Company Limited at its board meeting held on February 24, 2026, approved to propose at its Annual General Meeting of Shareholders to be held on April 28, 2026, proposed the dividend payment from the operating results of the fiscal year ended December 31, 2025 at the rate of THB 0.08 per share, totaling an amount not exceeding THB 38.40 million. The dividend will be paid from the unappropriated retained earnings of the separate financial statements (as of December 31, 2025). The Company has fixed the Record Date to determine the list of shareholders entitled to receive the dividend on March 20, 2026, and the dividend payment date is scheduled for May 22, 2026. However, the right to receive such dividend remains uncertain as it is subject to the approval of the 2026 AGM.Declared Dividend • Feb 26Dividend reduced to ฿0.08Dividend of ฿0.08 is 20% lower than last year. Ex-date: 19th March 2026 Payment date: 22nd May 2026 Dividend yield will be 3.8%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments.お知らせ • Feb 25Asia Metal Public Company Limited, Annual General Meeting, Apr 28, 2026Asia Metal Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. Location: bitec bangna, bangkok debaratna road, bangna tai, bangna, bangkok ThailandReported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.01 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿1.39b (down 12% from 3Q 2024). Net loss: ฿6.01m (down 153% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.13 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.02 (down from ฿0.13 in 2Q 2024). Revenue: ฿1.81b (down 6.8% from 2Q 2024). Net income: ฿10.3m (down 83% from 2Q 2024). Profit margin: 0.6% (down from 3.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.15 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.15 in 1Q 2024). Revenue: ฿1.74b (down 22% from 1Q 2024). Net income: ฿29.4m (down 60% from 1Q 2024). Profit margin: 1.7% (down from 3.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 13Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (7.7%).Declared Dividend • Feb 24Dividend of announcedShareholders will receive a dividend of . Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased 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 60% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years.Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.87 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.87 in FY 2023). Revenue: ฿7.32b (down 7.7% from FY 2023). Net income: ฿71.2m (down 83% from FY 2023). Profit margin: 1.0% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.お知らせ • Feb 24Asia Metal Public Company Limited Proposes Cash Dividend for the Operating Period from 01 January 2024 to 31 December 2024, Payable on 22 May 2025Asia Metal Public Company Limited at its Annual General Meeting of Shareholders to be held on 24 April 2025, proposed cash dividend of THB 0.10 per share for the operating period from 01 January 2024 to 31 December 2024, payable on 22 May 2025. Record date for the right to receive dividends is on 21 March 2025 with Ex-dividend date is on 20 March 2025.お知らせ • Feb 22Asia Metal Public Company Limited, Annual General Meeting, Apr 24, 2025Asia Metal Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: bitec bang-na, ThailandBuy Or Sell Opportunity • Feb 07Now 21% overvaluedOver the last 90 days, the stock has fallen 39% to ฿1.95. The fair value is estimated to be ฿1.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%.Buy Or Sell Opportunity • Jan 20Now 22% overvaluedOver the last 90 days, the stock has fallen 41% to ฿1.95. The fair value is estimated to be ฿1.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%.Buy Or Sell Opportunity • Jan 03Now 21% overvaluedOver the last 90 days, the stock has fallen 43% to ฿1.91. The fair value is estimated to be ฿1.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%.New Risk • Dec 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (฿1.06b market cap, or US$30.8m).Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 17x in the Metals and Mining industry in Thailand. Total loss to shareholders of 50% over the past three years.New Risk • Nov 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 4.6% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (฿1.41b market cap, or US$40.8m).Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.15 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.13 (down from ฿0.15 in 2Q 2023). Revenue: ฿1.95b (up 3.6% from 2Q 2023). Net income: ฿62.4m (down 13% from 2Q 2023). Profit margin: 3.2% (down from 3.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.15 (down from ฿0.33 in 1Q 2023). Revenue: ฿2.24b (up 16% from 1Q 2023). Net income: ฿74.3m (down 54% from 1Q 2023). Profit margin: 3.3% (down from 8.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • May 16Asia Metal Public Company Limited Approves Dividend for the Year 2023, Payable in May 2024Asia Metal Public Company Limited At the annual general shareholders' meeting of the Company held on 23 April 2024, the Company's shareholders approved the appropriation of dividend of THB 0.19 per share for 480.1 million ordinary shares, totaling THB 91.2 million, from the profit attributable to equity holders of the Company for the year 2023. The Company will pay dividend to the Company's shareholders in May 2024.Upcoming Dividend • Mar 14Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 23 May 2024. Trailing yield: 5.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (5.1%).お知らせ • Feb 23Asia Metal Public Company Limited, Annual General Meeting, Apr 23, 2024Asia Metal Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Location: BITEC Bangna Exhibition and Convention Center No. 88 Debaratana Road, Bangna Tai Subdistrict, Bangna District, Bangkok. Bangkok Thailand Agenda: To Consider certifying the minutes of the 2023 Annual General Meeting of Shareholders on April 22, 2023; To Consider and acknowledge the Company's operating result for the fiscal year 2023,ending on December 31, 2023; To Consider and approve the Company's financial statements for the fiscal year 2023,ending on December 31, 2023; To Consider and approve the allocation of annual net profit and dividend payment for the year 2023; To Consider and approve the appointment of directors replacing those who retire by rotation.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿0.87 (vs ฿0.13 loss in FY 2022)Full year 2023 results: EPS: ฿0.87 (up from ฿0.13 loss in FY 2022). Revenue: ฿7.93b (up 43% from FY 2022). Net income: ฿417.0m (up ฿481.2m from FY 2022). Profit margin: 5.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • Feb 23Asia Metal Public Company Limited Proposes Dividend for the Year 2023, Payable on May 22, 2024Asia Metal Public Company Limited at the Annual General Meeting of Shareholders to be held on April 23, 2024 proposed to approve the dividend payment of year 2023 at THB 0.19 per share with an amount not exceeding THB 91.22 million from the unappropriated retained earnings of the Company's separate financial statement as ended 31 December 2023. The date March 22, 2024, is designated as the Record Date for determining the list of shareholders entitled to receive dividends, with dividend payment scheduled for May 22, 2024.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.37 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.16 (up from ฿0.37 loss in 3Q 2022). Revenue: ฿2.04b (up 69% from 3Q 2022). Net income: ฿78.8m (up ฿258.1m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Buying Opportunity • Oct 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be ฿3.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 16%.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.15 (vs ฿0.028 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.15 (up from ฿0.028 loss in 2Q 2022). Revenue: ฿1.88b (up 38% from 2Q 2022). Net income: ฿71.4m (up ฿84.7m from 2Q 2022). Profit margin: 3.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.お知らせ • Jun 22Asia Metal Public Company Limited (SET:AMC) agreed to acquire an additional 5% stake in Prime Steel Mill Co., Ltd. from Chusak Yongvongphaiboon for THB 48 million.Asia Metal Public Company Limited (SET:AMC) agreed to acquire an additional 5% stake in Prime Steel Mill Co., Ltd. from Chusak Yongvongphaiboon for THB 48 million on June 21, 2023. The consideration will be funded through working capital of Asia Metal Public Company Limited. As of December 21, 2022, Prime Steel Mill Co., Ltd. reported net loss of THB 24 million and Total equity of THB 1.5 billion. The deal has been approved by board of directors of Asia Metal Public Company Limited. The deal is expected to be completed within June, 2023.Buying Opportunity • Feb 24Now 20% undervaluedOver the last 90 days, the stock is up 1.4%. The fair value is estimated to be ฿3.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 56%.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Piboonsak Arthabowornpisan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ฿3.38, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Thailand. Total returns to shareholders of 93% over the past three years.Reported Earnings • Aug 12Second quarter 2022 earnings released: ฿0.15 loss per share (vs ฿0.67 profit in 2Q 2021)Second quarter 2022 results: ฿0.15 loss per share (down from ฿0.67 profit in 2Q 2021). Revenue: ฿1.36b (down 45% from 2Q 2021). Net loss: ฿13.3m (down 104% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.53 in 1Q 2021)First quarter 2022 results: EPS: ฿0.21 (down from ฿0.53 in 1Q 2021). Revenue: ฿1.61b (down 2.2% from 1Q 2021). Net income: ฿102.7m (down 60% from 1Q 2021). Profit margin: 6.4% (down from 16% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 04Upcoming dividend of ฿0.34 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (5.2%). In line with average of industry peers (6.7%).Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Piboonsak Arthabowornpisan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.96 (up from ฿0.28 in FY 2020). Revenue: ฿7.80b (up 57% from FY 2020). Net income: ฿940.3m (up ฿807.3m from FY 2020). Profit margin: 12% (up from 2.7% 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 115% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿6.15, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Thailand. Total returns to shareholders of 221% over the past three years.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.049 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.80b (up 62% from 3Q 2020). Net income: ฿167.4m (up ฿143.9m from 3Q 2020). Profit margin: 9.3% (up from 2.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.67 (vs ฿0.12 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.45b (up 131% from 2Q 2020). Net income: ฿321.6m (up 460% from 2Q 2020). Profit margin: 13% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿5.35, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total returns to shareholders of 121% over the past three years.Reported Earnings • May 22First quarter 2021 earnings released: EPS ฿0.53 (vs ฿0.024 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.65b (up 1.8% from 1Q 2020). Net income: ฿256.7m (up ฿268.0m from 1Q 2020). Profit margin: 16% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.52, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 20x in the Metals and Mining industry in Thailand. Total returns to shareholders of 36% over the past three years.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿2.84, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the Metals and Mining industry in Thailand. Total returns to shareholders over the past three years are 7.6%.Is New 90 Day High Low • Mar 08New 90-day high: ฿2.56The company is up 43% from its price of ฿1.79 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.28 (vs ฿0.30 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿4.98b (down 8.3% from FY 2019). Net income: ฿133.1m (down 8.7% from FY 2019). Profit margin: 2.7% (in line with FY 2019). 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 8% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Dec 29New 90-day high: ฿2.48The company is up 72% from its price of ฿1.44 on 30 September 2020. The Thai market is up 17% 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.Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿1.91, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.6x. This compares to an average P/E of 16x in the Metals and Mining industry in Thailand. Total return to shareholders over the past three years is a loss of 29%.Valuation Update With 7 Day Price Move • Dec 08Market bids up stock over the past weekAfter last week's 15% share price gain to ฿1.79, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 10x. This compares to an average P/E of 15x in the Metals and Mining industry in Thailand. Total return to shareholders over the past three years is a loss of 34%.Is New 90 Day High Low • Dec 04New 90-day high: ฿1.64The company is up 4.0% from its price of ฿1.58 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.054The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: ฿1.11b (down 23% from 3Q 2019). Net income: ฿23.5m (down 21% from 3Q 2019). Profit margin: 2.1% (up from 2.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.収支内訳Asia Metal 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:AMC 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 265,97215192031 Dec 256,18713198030 Sep 256,497-43214030 Jun 256,683-26216031 Mar 256,81626215031 Dec 247,31871207030 Sep 247,839254219030 Jun 248,303322224031 Mar 248,234331231031 Dec 237,931417222030 Sep 237,247336176030 Jun 236,41378229031 Mar 235,895-6208031 Dec 225,566-64213030 Sep 226,078105257030 Jun 226,670451200031 Mar 227,765786225031 Dec 217,802940226030 Sep 217,086809197030 Jun 216,401665183031 Mar 215,006401157031 Dec 204,978133151030 Sep 205,00874144030 Jun 205,34180157031 Mar 205,628127165031 Dec 195,429146171030 Sep 195,56627166030 Jun 195,929-18163031 Mar 195,845-147171031 Dec 186,316-86171030 Sep 186,04682175030 Jun 185,402143157031 Mar 185,66177140031 Dec 175,098151141030 Sep 175,201144141030 Jun 175,324157149031 Mar 175,132386180031 Dec 165,118349214030 Sep 164,786266204030 Jun 164,51379201031 Mar 164,248-143175031 Dec 154,261-242142030 Sep 154,758-2741620質の高い収益: AMCは 高品質の収益 を持っています。利益率の向上: AMCの現在の純利益率 (0.3%)は、昨年(0.4%)よりも低くなっています。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: AMCの収益は過去 5 年間で年間47.8%減少しました。成長の加速: AMCは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: AMCは過去 1 年間で収益成長率がマイナス ( -42.4% ) となったため、 Metals and Mining業界平均 ( -9.1% ) と比較することが困難です。株主資本利益率高いROE: AMCの 自己資本利益率 ( 0.5% ) は 低い 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7D1Y7D1Y7D1YMaterials 、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2026/08/08 20:35終値2026/08/07 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Asia 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
Reported Earnings • May 20First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.06 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (in line with 1Q 2025). Revenue: ฿1.52b (down 12% from 1Q 2025). Net income: ฿31.1m (up 5.7% from 1Q 2025). Profit margin: 2.0% (up from 1.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.03 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.03 (down from ฿0.15 in FY 2024). Revenue: ฿6.19b (down 16% from FY 2024). Net income: ฿13.5m (down 81% from FY 2024). Profit margin: 0.2% (down from 1.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.01 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿1.39b (down 12% from 3Q 2024). Net loss: ฿6.01m (down 153% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.13 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.02 (down from ฿0.13 in 2Q 2024). Revenue: ฿1.81b (down 6.8% from 2Q 2024). Net income: ฿10.3m (down 83% from 2Q 2024). Profit margin: 0.6% (down from 3.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.15 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.15 in 1Q 2024). Revenue: ฿1.74b (down 22% from 1Q 2024). Net income: ฿29.4m (down 60% from 1Q 2024). Profit margin: 1.7% (down from 3.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.87 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.87 in FY 2023). Revenue: ฿7.32b (down 7.7% from FY 2023). Net income: ฿71.2m (down 83% from FY 2023). Profit margin: 1.0% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jun 25Now 21% overvaluedOver the last 90 days, the stock has fallen 10% to ฿2.08. The fair value is estimated to be ฿1.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • May 20First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.06 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (in line with 1Q 2025). Revenue: ฿1.52b (down 12% from 1Q 2025). Net income: ฿31.1m (up 5.7% from 1Q 2025). Profit margin: 2.0% (up from 1.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 12Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 22 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (6.8%).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.03 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.03 (down from ฿0.15 in FY 2024). Revenue: ฿6.19b (down 16% from FY 2024). Net income: ฿13.5m (down 81% from FY 2024). Profit margin: 0.2% (down from 1.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 26Asia Metal Public Company Limited Proposes Dividend for the Fiscal Year Ended December 31, 2025, Payable on May 22, 2026Asia Metal Public Company Limited at its board meeting held on February 24, 2026, approved to propose at its Annual General Meeting of Shareholders to be held on April 28, 2026, proposed the dividend payment from the operating results of the fiscal year ended December 31, 2025 at the rate of THB 0.08 per share, totaling an amount not exceeding THB 38.40 million. The dividend will be paid from the unappropriated retained earnings of the separate financial statements (as of December 31, 2025). The Company has fixed the Record Date to determine the list of shareholders entitled to receive the dividend on March 20, 2026, and the dividend payment date is scheduled for May 22, 2026. However, the right to receive such dividend remains uncertain as it is subject to the approval of the 2026 AGM.
Declared Dividend • Feb 26Dividend reduced to ฿0.08Dividend of ฿0.08 is 20% lower than last year. Ex-date: 19th March 2026 Payment date: 22nd May 2026 Dividend yield will be 3.8%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments.
お知らせ • Feb 25Asia Metal Public Company Limited, Annual General Meeting, Apr 28, 2026Asia Metal Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. Location: bitec bangna, bangkok debaratna road, bangna tai, bangna, bangkok Thailand
Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.01 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿1.39b (down 12% from 3Q 2024). Net loss: ฿6.01m (down 153% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.13 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.02 (down from ฿0.13 in 2Q 2024). Revenue: ฿1.81b (down 6.8% from 2Q 2024). Net income: ฿10.3m (down 83% from 2Q 2024). Profit margin: 0.6% (down from 3.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.15 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.15 in 1Q 2024). Revenue: ฿1.74b (down 22% from 1Q 2024). Net income: ฿29.4m (down 60% from 1Q 2024). Profit margin: 1.7% (down from 3.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 13Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (7.7%).
Declared Dividend • Feb 24Dividend of announcedShareholders will receive a dividend of . Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased 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 60% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years.
Reported Earnings • Feb 24Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.87 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.87 in FY 2023). Revenue: ฿7.32b (down 7.7% from FY 2023). Net income: ฿71.2m (down 83% from FY 2023). Profit margin: 1.0% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 24Asia Metal Public Company Limited Proposes Cash Dividend for the Operating Period from 01 January 2024 to 31 December 2024, Payable on 22 May 2025Asia Metal Public Company Limited at its Annual General Meeting of Shareholders to be held on 24 April 2025, proposed cash dividend of THB 0.10 per share for the operating period from 01 January 2024 to 31 December 2024, payable on 22 May 2025. Record date for the right to receive dividends is on 21 March 2025 with Ex-dividend date is on 20 March 2025.
お知らせ • Feb 22Asia Metal Public Company Limited, Annual General Meeting, Apr 24, 2025Asia Metal Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: bitec bang-na, Thailand
Buy Or Sell Opportunity • Feb 07Now 21% overvaluedOver the last 90 days, the stock has fallen 39% to ฿1.95. The fair value is estimated to be ฿1.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%.
Buy Or Sell Opportunity • Jan 20Now 22% overvaluedOver the last 90 days, the stock has fallen 41% to ฿1.95. The fair value is estimated to be ฿1.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%.
Buy Or Sell Opportunity • Jan 03Now 21% overvaluedOver the last 90 days, the stock has fallen 43% to ฿1.91. The fair value is estimated to be ฿1.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%.
New Risk • Dec 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (฿1.06b market cap, or US$30.8m).
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 17x in the Metals and Mining industry in Thailand. Total loss to shareholders of 50% over the past three years.
New Risk • Nov 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 4.6% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (฿1.41b market cap, or US$40.8m).
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.15 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.13 (down from ฿0.15 in 2Q 2023). Revenue: ฿1.95b (up 3.6% from 2Q 2023). Net income: ฿62.4m (down 13% from 2Q 2023). Profit margin: 3.2% (down from 3.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.15 (down from ฿0.33 in 1Q 2023). Revenue: ฿2.24b (up 16% from 1Q 2023). Net income: ฿74.3m (down 54% from 1Q 2023). Profit margin: 3.3% (down from 8.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • May 16Asia Metal Public Company Limited Approves Dividend for the Year 2023, Payable in May 2024Asia Metal Public Company Limited At the annual general shareholders' meeting of the Company held on 23 April 2024, the Company's shareholders approved the appropriation of dividend of THB 0.19 per share for 480.1 million ordinary shares, totaling THB 91.2 million, from the profit attributable to equity holders of the Company for the year 2023. The Company will pay dividend to the Company's shareholders in May 2024.
Upcoming Dividend • Mar 14Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 23 May 2024. Trailing yield: 5.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (5.1%).
お知らせ • Feb 23Asia Metal Public Company Limited, Annual General Meeting, Apr 23, 2024Asia Metal Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Location: BITEC Bangna Exhibition and Convention Center No. 88 Debaratana Road, Bangna Tai Subdistrict, Bangna District, Bangkok. Bangkok Thailand Agenda: To Consider certifying the minutes of the 2023 Annual General Meeting of Shareholders on April 22, 2023; To Consider and acknowledge the Company's operating result for the fiscal year 2023,ending on December 31, 2023; To Consider and approve the Company's financial statements for the fiscal year 2023,ending on December 31, 2023; To Consider and approve the allocation of annual net profit and dividend payment for the year 2023; To Consider and approve the appointment of directors replacing those who retire by rotation.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿0.87 (vs ฿0.13 loss in FY 2022)Full year 2023 results: EPS: ฿0.87 (up from ฿0.13 loss in FY 2022). Revenue: ฿7.93b (up 43% from FY 2022). Net income: ฿417.0m (up ฿481.2m from FY 2022). Profit margin: 5.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • Feb 23Asia Metal Public Company Limited Proposes Dividend for the Year 2023, Payable on May 22, 2024Asia Metal Public Company Limited at the Annual General Meeting of Shareholders to be held on April 23, 2024 proposed to approve the dividend payment of year 2023 at THB 0.19 per share with an amount not exceeding THB 91.22 million from the unappropriated retained earnings of the Company's separate financial statement as ended 31 December 2023. The date March 22, 2024, is designated as the Record Date for determining the list of shareholders entitled to receive dividends, with dividend payment scheduled for May 22, 2024.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.37 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.16 (up from ฿0.37 loss in 3Q 2022). Revenue: ฿2.04b (up 69% from 3Q 2022). Net income: ฿78.8m (up ฿258.1m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Buying Opportunity • Oct 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be ฿3.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 16%.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.15 (vs ฿0.028 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.15 (up from ฿0.028 loss in 2Q 2022). Revenue: ฿1.88b (up 38% from 2Q 2022). Net income: ฿71.4m (up ฿84.7m from 2Q 2022). Profit margin: 3.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
お知らせ • Jun 22Asia Metal Public Company Limited (SET:AMC) agreed to acquire an additional 5% stake in Prime Steel Mill Co., Ltd. from Chusak Yongvongphaiboon for THB 48 million.Asia Metal Public Company Limited (SET:AMC) agreed to acquire an additional 5% stake in Prime Steel Mill Co., Ltd. from Chusak Yongvongphaiboon for THB 48 million on June 21, 2023. The consideration will be funded through working capital of Asia Metal Public Company Limited. As of December 21, 2022, Prime Steel Mill Co., Ltd. reported net loss of THB 24 million and Total equity of THB 1.5 billion. The deal has been approved by board of directors of Asia Metal Public Company Limited. The deal is expected to be completed within June, 2023.
Buying Opportunity • Feb 24Now 20% undervaluedOver the last 90 days, the stock is up 1.4%. The fair value is estimated to be ฿3.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 56%.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Piboonsak Arthabowornpisan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ฿3.38, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Thailand. Total returns to shareholders of 93% over the past three years.
Reported Earnings • Aug 12Second quarter 2022 earnings released: ฿0.15 loss per share (vs ฿0.67 profit in 2Q 2021)Second quarter 2022 results: ฿0.15 loss per share (down from ฿0.67 profit in 2Q 2021). Revenue: ฿1.36b (down 45% from 2Q 2021). Net loss: ฿13.3m (down 104% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.53 in 1Q 2021)First quarter 2022 results: EPS: ฿0.21 (down from ฿0.53 in 1Q 2021). Revenue: ฿1.61b (down 2.2% from 1Q 2021). Net income: ฿102.7m (down 60% from 1Q 2021). Profit margin: 6.4% (down from 16% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 04Upcoming dividend of ฿0.34 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (5.2%). In line with average of industry peers (6.7%).
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Piboonsak Arthabowornpisan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.96 (up from ฿0.28 in FY 2020). Revenue: ฿7.80b (up 57% from FY 2020). Net income: ฿940.3m (up ฿807.3m from FY 2020). Profit margin: 12% (up from 2.7% 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 115% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿6.15, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Thailand. Total returns to shareholders of 221% over the past three years.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.049 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.80b (up 62% from 3Q 2020). Net income: ฿167.4m (up ฿143.9m from 3Q 2020). Profit margin: 9.3% (up from 2.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.67 (vs ฿0.12 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.45b (up 131% from 2Q 2020). Net income: ฿321.6m (up 460% from 2Q 2020). Profit margin: 13% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿5.35, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total returns to shareholders of 121% over the past three years.
Reported Earnings • May 22First quarter 2021 earnings released: EPS ฿0.53 (vs ฿0.024 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.65b (up 1.8% from 1Q 2020). Net income: ฿256.7m (up ฿268.0m from 1Q 2020). Profit margin: 16% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.52, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 20x in the Metals and Mining industry in Thailand. Total returns to shareholders of 36% over the past three years.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿2.84, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the Metals and Mining industry in Thailand. Total returns to shareholders over the past three years are 7.6%.
Is New 90 Day High Low • Mar 08New 90-day high: ฿2.56The company is up 43% from its price of ฿1.79 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.28 (vs ฿0.30 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿4.98b (down 8.3% from FY 2019). Net income: ฿133.1m (down 8.7% from FY 2019). Profit margin: 2.7% (in line with FY 2019). 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 8% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Dec 29New 90-day high: ฿2.48The company is up 72% from its price of ฿1.44 on 30 September 2020. The Thai market is up 17% 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.
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿1.91, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.6x. This compares to an average P/E of 16x in the Metals and Mining industry in Thailand. Total return to shareholders over the past three years is a loss of 29%.
Valuation Update With 7 Day Price Move • Dec 08Market bids up stock over the past weekAfter last week's 15% share price gain to ฿1.79, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 10x. This compares to an average P/E of 15x in the Metals and Mining industry in Thailand. Total return to shareholders over the past three years is a loss of 34%.
Is New 90 Day High Low • Dec 04New 90-day high: ฿1.64The company is up 4.0% from its price of ฿1.58 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.054The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: ฿1.11b (down 23% from 3Q 2019). Net income: ฿23.5m (down 21% from 3Q 2019). Profit margin: 2.1% (up from 2.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.