View ValuationP.S.P. Specialties 将来の成長Future 基準チェック /16P.S.P. Specialtiesは、10.2%と8.6%でそれぞれ年率10.2%で利益と収益が成長すると予測される一方、EPSはgrowで10%年率。主要情報10.2%収益成長率9.96%EPS成長率Chemicals 収益成長70.0%収益成長率8.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日13 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ฿0.61 (up from ฿0.48 in FY 2024). Revenue: ฿12.7b (down 4.7% from FY 2024). Net income: ฿850.6m (up 27% from FY 2024). Profit margin: 6.7% (up from 5.0% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in Thailand.Declared Dividend • Mar 02Final dividend increased to ฿0.20Dividend of ฿0.20 is 33% higher than last year. Ex-date: 12th March 2026 Payment date: 18th May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 24% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 27+ 1 more updateP.S.P. Specialties Public Company Limited Proposes Final Cash Dividend Payment on Common Shares for the Fiscal Year 2025 , Payable on May 18, 2026P.S.P. Specialties Public Company Limited at its AGM, to be held on April 29, 2026, proposed to approve the cash dividend payment on common shares for the fiscal year 2025 at THB 0.28 per share from Retained Earnings to shareholders. With a total of 1,400,000,000 shares, total dividend payment will be THB 392,000,000 or 54.8% of the net profit as reported in the separate financial statements. Since the company already paid an interim dividend on October 20, 2025, in the amount of THB 112,000,000 or THB 0.08 per share, it is proposed to pay the final dividend of THB 280,000,000 or THB 0.20 per share. The record date to determine name of shareholders who have the right to receive dividend payment will be on March 13, 2026. The dividend payment date will be on May 18, 2026. The aforesaid right to receive the dividends remains uncertain and shall be subject to approval at the 2026 Annual General Meeting of Shareholders. Ex-dividend date is March 12, 2026.Buy Or Sell Opportunity • Dec 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.9% to ฿4.48. The fair value is estimated to be ฿5.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 12% in the next year.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.081 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.15 (up from ฿0.081 in 3Q 2024). Revenue: ฿2.88b (down 14% from 3Q 2024). Net income: ฿209.5m (up 86% from 3Q 2024). Profit margin: 7.3% (up from 3.4% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Chemicals industry in Thailand.Declared Dividend • Sep 24First half dividend of ฿0.08 announcedShareholders will receive a dividend of ฿0.08. Ex-date: 3rd October 2025 Payment date: 20th October 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 15% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover.New Risk • Aug 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.19 (vs ฿0.14 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.19 (up from ฿0.14 in 2Q 2024). Revenue: ฿3.37b (down 1.2% from 2Q 2024). Net income: ฿260.8m (up 30% from 2Q 2024). Profit margin: 7.7% (up from 5.9% in 2Q 2024). The increase in margin was driven by lower expenses.お知らせ • Apr 30P.S.P.Specialties Public Company Limited Approves Annual Dividend for the Year 2024, Payable on May 16, 2025P.S.P.Specialties Public Company Limited at its 2025 Annual General Meeting of Shareholders held on April 29, 2025 unanimously approved the payment of the annual dividend for the year 2024 from the unappropriated retained earnings at the rate of THB 0.20 per share, for a total of 1,400,000,000 shares, amounting to a total dividend of THB 280,000,000. This represents 44.6% of the net profit for the year 2024 based on the separate financial statements. After deducting the interim dividend payment of THB 70,000,000, or THB 0.05 per share, which was paid on October 25, 2024, the remaining dividend to be paid is THB 0.15 per share, totaling THB 210,000,000. This remaining dividend will be paid to shareholders whose names appear in the shareholder register on the record date of March 14, 2025, with the dividend payment scheduled for May 16, 2025.Declared Dividend • Mar 01Final dividend of ฿0.15 announcedShareholders will receive a dividend of ฿0.15. Ex-date: 13th March 2025 Payment date: 16th May 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (20% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 48% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years.お知らせ • Feb 28P.S.P. Specialties Public Company Limited to Approve Dividend Payment for the Fiscal Year 2024, Payable on May 16, 2025The Board of Directors of P.S.P. Specialties Public Company Limited deemed it appropriate to propose to the 2025 AGM to be held on April 29, 2025 to approve the dividend payment for the fiscal year 2024 at THB 0.20 per share from retained earnings to shareholders. With a total of 1,400,000,000 shares, total dividend payment will be THB 280,000,000 or 44.6% of the net profit as reported in the separate financial statements. Since the company already paid an interim dividend on October 25, 2024, in the amount of THB 70,000,000 or THB 0.05 per share, it is proposed to pay the final dividend of THB 210,000,000 or THB 0.15 per share. The record date to determine name of shareholders who have the right to receive dividend payment will be on March 14, 2025. The dividend payment date will be on May 16, 2025. Ex-dividend date is on March 13, 2025.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.48 (vs ฿0.38 in FY 2023)Full year 2024 results: EPS: ฿0.48 (up from ฿0.38 in FY 2023). Revenue: ฿13.4b (up 8.9% from FY 2023). Net income: ฿671.7m (up 57% from FY 2023). Profit margin: 5.0% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue.お知らせ • Feb 28P.S.P. Specialties Public Company Limited, Annual General Meeting, Apr 29, 2025P.S.P. Specialties Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:00 SE Asia Standard Time.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.12 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.08 (down from ฿0.12 in 3Q 2023). Revenue: ฿3.36b (up 6.9% from 3Q 2023). Net income: ฿112.9m (down 19% from 3Q 2023). Profit margin: 3.4% (down from 4.4% in 3Q 2023). The decrease in margin was driven by higher expenses.Upcoming Dividend • Oct 03Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 10 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.9%).お知らせ • Sep 27P.S.P. Specialties Public Company Limited Announces Interim Cash Dividend, Payable on 25 October, 2024P.S.P. Specialties Public Company Limited announced interim cash dividend of THB 0.05, payable on 25 October, 2024; record date: 11 October, 2024; Ex- dividend date: 10 October, 2024. Date of Board resolution: September 27, 2024.Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.14 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.14 (up from ฿0.14 in 2Q 2023). Revenue: ฿3.41b (up 15% from 2Q 2023). Net income: ฿200.8m (up 40% from 2Q 2023). Profit margin: 5.9% (up from 4.8% in 2Q 2023). The increase in margin was driven by higher revenue.Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.094 in 1Q 2023)First quarter 2024 results: EPS: ฿0.13 (up from ฿0.094 in 1Q 2023). Revenue: ฿3.50b (up 16% from 1Q 2023). Net income: ฿184.5m (up 99% from 1Q 2023). Profit margin: 5.3% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿5.35, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 16x in the Chemicals industry in Thailand.お知らせ • Mar 01P.S.P. Specialties Public Company Limited Proposes Dividend for the Fiscal Year of 2023, Payable on May 20, 2024The Board of Directors of P.S.P. Specialties Public Company Limited proposed to the 2024 AGM to approve the dividend payment for the fiscal year of 2023 at THB 0.15 per share from Retained Earnings (THB 0.1483 per share from NON-BOI portion and THB 0.0017 per share from BOI portion) to shareholders. With a total of 1,400,000,000 shares, total dividend payment will be THB 210,000,000 or 53.1% of the net profit of the separate financial statement. The record date to determine name of shareholders who have the right to receive dividend payment will be on March 13, 2024. The dividend payment date will be on May 20, 2024. Ex-dividend date is 12 March 2024.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.38 (vs ฿1.11 in FY 2022)Full year 2023 results: EPS: ฿0.38 (down from ฿1.11 in FY 2022). Revenue: ฿12.3b (down 7.2% from FY 2022). Net income: ฿427.5m (down 20% from FY 2022). Profit margin: 3.5% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue.お知らせ • Feb 01P.S.P. Specialties Public Company Limited Announces Resignation of DirectorsP.S.P. Specialties Public Company Limited informed that Mr. Pavares Boontanonda, Director and member of the Executive Committee, has resigned from the directorship and membership of the Executive Committee, and Mr. Permsak Kosolbhand, Director, has resigned from the directorship of the Company. Their resignations were effective from January 31, 2024 onwards.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿5.20, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 20x in the Chemicals industry in Thailand.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.12 (vs ฿0.12 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.12 (up from ฿0.12 in 3Q 2022). Revenue: ฿3.15b (down 1.7% from 3Q 2022). Net income: ฿139.5m (up 59% from 3Q 2022). Profit margin: 4.4% (up from 2.7% in 3Q 2022). The increase in margin was driven by lower expenses.Buying Opportunity • Oct 28Now 37% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿5.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last year. Earnings per share has declined by 71%.Valuation Update With 7 Day Price Move • Oct 26Investor sentiment deteriorates as stock falls 39%After last week's 39% share price decline to ฿4.92, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 19x in the Chemicals industry in Thailand.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿8.55, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 22x in the Chemicals industry in Thailand.New Risk • Sep 05New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2021. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Shares are highly illiquid.Reported Earnings • Aug 31Full year 2022 earnings released: EPS: ฿1.11 (vs ฿1.73 in FY 2021)Full year 2022 results: EPS: ฿1.11. Revenue: ฿13.2b (up 22% from FY 2021). Net income: ฿537.3m (up 36% from FY 2021). Profit margin: 4.1% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue.お知らせ • Aug 30P.S.P. Specialties Public Company Limited has completed an IPO in the amount of THB 2.17 billion.P.S.P. Specialties Public Company Limited has completed an IPO in the amount of THB 2.17 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 350,000,000 Price\Range: THB 6.2 Transaction Features: Reserved Share Offering業績と収益の成長予測SET:PSP - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202714,6131,028N/AN/A112/31/202614,067981N/AN/A13/31/202612,4918521,0991,294N/A12/31/202512,730851674886N/A9/30/202512,832910399623N/A6/30/202513,310813554776N/A3/31/202513,350752537749N/A12/31/202413,351672702930N/A9/30/202413,3416019581,181N/A6/30/202413,1266281,2371,485N/A3/31/202412,6865701,5091,742N/A12/31/202312,2574281,4181,703N/A9/30/202312,2073879391,214N/A6/30/202312,450360-20542N/A3/31/202312,880398-17781N/A12/31/202213,204537-16915N/A12/31/202110,784394-541-458N/A12/31/20206,986300N/AN/AN/A12/31/20198,523296N/AN/AN/A12/31/201810,031247N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: PSPの予測収益成長率 (年間10.2% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: PSPの収益 ( 10.2% ) TH市場 ( 10.4% ) よりも低い成長が予測されています。高成長収益: PSPの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: PSPの収益 ( 8.6% ) TH市場 ( 9.6% ) よりも低い成長が予測されています。高い収益成長: PSPの収益 ( 8.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: PSPの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/17 22:54終値2026/05/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋P.S.P. Specialties Public Company Limited 1 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。2 アナリスト機関Theethanat JindaratYuanta Securities (Thailand) Company LimitedParinth NikornkittikosolYuanta Securities (Thailand) Company Limited
Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ฿0.61 (up from ฿0.48 in FY 2024). Revenue: ฿12.7b (down 4.7% from FY 2024). Net income: ฿850.6m (up 27% from FY 2024). Profit margin: 6.7% (up from 5.0% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in Thailand.
Declared Dividend • Mar 02Final dividend increased to ฿0.20Dividend of ฿0.20 is 33% higher than last year. Ex-date: 12th March 2026 Payment date: 18th May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 24% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 27+ 1 more updateP.S.P. Specialties Public Company Limited Proposes Final Cash Dividend Payment on Common Shares for the Fiscal Year 2025 , Payable on May 18, 2026P.S.P. Specialties Public Company Limited at its AGM, to be held on April 29, 2026, proposed to approve the cash dividend payment on common shares for the fiscal year 2025 at THB 0.28 per share from Retained Earnings to shareholders. With a total of 1,400,000,000 shares, total dividend payment will be THB 392,000,000 or 54.8% of the net profit as reported in the separate financial statements. Since the company already paid an interim dividend on October 20, 2025, in the amount of THB 112,000,000 or THB 0.08 per share, it is proposed to pay the final dividend of THB 280,000,000 or THB 0.20 per share. The record date to determine name of shareholders who have the right to receive dividend payment will be on March 13, 2026. The dividend payment date will be on May 18, 2026. The aforesaid right to receive the dividends remains uncertain and shall be subject to approval at the 2026 Annual General Meeting of Shareholders. Ex-dividend date is March 12, 2026.
Buy Or Sell Opportunity • Dec 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.9% to ฿4.48. The fair value is estimated to be ฿5.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 12% in the next year.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.081 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.15 (up from ฿0.081 in 3Q 2024). Revenue: ฿2.88b (down 14% from 3Q 2024). Net income: ฿209.5m (up 86% from 3Q 2024). Profit margin: 7.3% (up from 3.4% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Chemicals industry in Thailand.
Declared Dividend • Sep 24First half dividend of ฿0.08 announcedShareholders will receive a dividend of ฿0.08. Ex-date: 3rd October 2025 Payment date: 20th October 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 15% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover.
New Risk • Aug 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.19 (vs ฿0.14 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.19 (up from ฿0.14 in 2Q 2024). Revenue: ฿3.37b (down 1.2% from 2Q 2024). Net income: ฿260.8m (up 30% from 2Q 2024). Profit margin: 7.7% (up from 5.9% in 2Q 2024). The increase in margin was driven by lower expenses.
お知らせ • Apr 30P.S.P.Specialties Public Company Limited Approves Annual Dividend for the Year 2024, Payable on May 16, 2025P.S.P.Specialties Public Company Limited at its 2025 Annual General Meeting of Shareholders held on April 29, 2025 unanimously approved the payment of the annual dividend for the year 2024 from the unappropriated retained earnings at the rate of THB 0.20 per share, for a total of 1,400,000,000 shares, amounting to a total dividend of THB 280,000,000. This represents 44.6% of the net profit for the year 2024 based on the separate financial statements. After deducting the interim dividend payment of THB 70,000,000, or THB 0.05 per share, which was paid on October 25, 2024, the remaining dividend to be paid is THB 0.15 per share, totaling THB 210,000,000. This remaining dividend will be paid to shareholders whose names appear in the shareholder register on the record date of March 14, 2025, with the dividend payment scheduled for May 16, 2025.
Declared Dividend • Mar 01Final dividend of ฿0.15 announcedShareholders will receive a dividend of ฿0.15. Ex-date: 13th March 2025 Payment date: 16th May 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (20% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 48% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years.
お知らせ • Feb 28P.S.P. Specialties Public Company Limited to Approve Dividend Payment for the Fiscal Year 2024, Payable on May 16, 2025The Board of Directors of P.S.P. Specialties Public Company Limited deemed it appropriate to propose to the 2025 AGM to be held on April 29, 2025 to approve the dividend payment for the fiscal year 2024 at THB 0.20 per share from retained earnings to shareholders. With a total of 1,400,000,000 shares, total dividend payment will be THB 280,000,000 or 44.6% of the net profit as reported in the separate financial statements. Since the company already paid an interim dividend on October 25, 2024, in the amount of THB 70,000,000 or THB 0.05 per share, it is proposed to pay the final dividend of THB 210,000,000 or THB 0.15 per share. The record date to determine name of shareholders who have the right to receive dividend payment will be on March 14, 2025. The dividend payment date will be on May 16, 2025. Ex-dividend date is on March 13, 2025.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.48 (vs ฿0.38 in FY 2023)Full year 2024 results: EPS: ฿0.48 (up from ฿0.38 in FY 2023). Revenue: ฿13.4b (up 8.9% from FY 2023). Net income: ฿671.7m (up 57% from FY 2023). Profit margin: 5.0% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue.
お知らせ • Feb 28P.S.P. Specialties Public Company Limited, Annual General Meeting, Apr 29, 2025P.S.P. Specialties Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:00 SE Asia Standard Time.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.12 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.08 (down from ฿0.12 in 3Q 2023). Revenue: ฿3.36b (up 6.9% from 3Q 2023). Net income: ฿112.9m (down 19% from 3Q 2023). Profit margin: 3.4% (down from 4.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Oct 03Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 10 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.9%).
お知らせ • Sep 27P.S.P. Specialties Public Company Limited Announces Interim Cash Dividend, Payable on 25 October, 2024P.S.P. Specialties Public Company Limited announced interim cash dividend of THB 0.05, payable on 25 October, 2024; record date: 11 October, 2024; Ex- dividend date: 10 October, 2024. Date of Board resolution: September 27, 2024.
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.14 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.14 (up from ฿0.14 in 2Q 2023). Revenue: ฿3.41b (up 15% from 2Q 2023). Net income: ฿200.8m (up 40% from 2Q 2023). Profit margin: 5.9% (up from 4.8% in 2Q 2023). The increase in margin was driven by higher revenue.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.094 in 1Q 2023)First quarter 2024 results: EPS: ฿0.13 (up from ฿0.094 in 1Q 2023). Revenue: ฿3.50b (up 16% from 1Q 2023). Net income: ฿184.5m (up 99% from 1Q 2023). Profit margin: 5.3% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿5.35, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 16x in the Chemicals industry in Thailand.
お知らせ • Mar 01P.S.P. Specialties Public Company Limited Proposes Dividend for the Fiscal Year of 2023, Payable on May 20, 2024The Board of Directors of P.S.P. Specialties Public Company Limited proposed to the 2024 AGM to approve the dividend payment for the fiscal year of 2023 at THB 0.15 per share from Retained Earnings (THB 0.1483 per share from NON-BOI portion and THB 0.0017 per share from BOI portion) to shareholders. With a total of 1,400,000,000 shares, total dividend payment will be THB 210,000,000 or 53.1% of the net profit of the separate financial statement. The record date to determine name of shareholders who have the right to receive dividend payment will be on March 13, 2024. The dividend payment date will be on May 20, 2024. Ex-dividend date is 12 March 2024.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.38 (vs ฿1.11 in FY 2022)Full year 2023 results: EPS: ฿0.38 (down from ฿1.11 in FY 2022). Revenue: ฿12.3b (down 7.2% from FY 2022). Net income: ฿427.5m (down 20% from FY 2022). Profit margin: 3.5% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue.
お知らせ • Feb 01P.S.P. Specialties Public Company Limited Announces Resignation of DirectorsP.S.P. Specialties Public Company Limited informed that Mr. Pavares Boontanonda, Director and member of the Executive Committee, has resigned from the directorship and membership of the Executive Committee, and Mr. Permsak Kosolbhand, Director, has resigned from the directorship of the Company. Their resignations were effective from January 31, 2024 onwards.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿5.20, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 20x in the Chemicals industry in Thailand.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.12 (vs ฿0.12 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.12 (up from ฿0.12 in 3Q 2022). Revenue: ฿3.15b (down 1.7% from 3Q 2022). Net income: ฿139.5m (up 59% from 3Q 2022). Profit margin: 4.4% (up from 2.7% in 3Q 2022). The increase in margin was driven by lower expenses.
Buying Opportunity • Oct 28Now 37% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿5.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last year. Earnings per share has declined by 71%.
Valuation Update With 7 Day Price Move • Oct 26Investor sentiment deteriorates as stock falls 39%After last week's 39% share price decline to ฿4.92, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 19x in the Chemicals industry in Thailand.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿8.55, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 22x in the Chemicals industry in Thailand.
New Risk • Sep 05New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2021. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Shares are highly illiquid.
Reported Earnings • Aug 31Full year 2022 earnings released: EPS: ฿1.11 (vs ฿1.73 in FY 2021)Full year 2022 results: EPS: ฿1.11. Revenue: ฿13.2b (up 22% from FY 2021). Net income: ฿537.3m (up 36% from FY 2021). Profit margin: 4.1% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue.
お知らせ • Aug 30P.S.P. Specialties Public Company Limited has completed an IPO in the amount of THB 2.17 billion.P.S.P. Specialties Public Company Limited has completed an IPO in the amount of THB 2.17 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 350,000,000 Price\Range: THB 6.2 Transaction Features: Reserved Share Offering