Salee Industry（SALEE）株式概要Salee Industry Public Company Limitedは子会社とともに、主にタイでプラスチック用品、部品、工具、機器の製造・販売を行っている。 詳細SALEE ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績4/6財務の健全性6/6配当金2/6報酬過去1年間で収益は195.6%増加しました リスク分析過去5年間で収益は年間2.9%減少しました。 TH市場と比較して、過去 3 か月間の株価の変動が非常に大きい意味のある時価総額がありません ( THB897M )すべてのリスクチェックを見るSALEE Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW488,204 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA488,204 investors already sharing narrativesYour Fair Value฿Current Price฿0.5940.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-16m2b2016201920222025202620282031Revenue ฿1.5bEarnings ฿38.8mAdvancedSet Fair ValueView all narrativesSalee Industry Public Company Limited 競合他社Eason & CoSymbol: SET:EASONMarket cap: ฿634.2mUnion PlasticSymbol: SET:UPMarket cap: ฿615.0mEureka DesignSymbol: SET:UREKAMarket cap: ฿734.1mSelic CorpSymbol: SET:SELICMarket cap: ฿1.8b価格と性能株価の高値、安値、推移の概要Salee Industry過去の株価現在の株価฿0.5952週高値฿0.7252週安値฿0.33ベータ0.161ヶ月の変化1.72%3ヶ月変化59.46%1年変化31.11%3年間の変化-29.76%5年間の変化-43.81%IPOからの変化-4.54%最新ニュースBuy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 70% to ฿0.68. The fair value is estimated to be ฿0.55, however this is not to be taken as a sell 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 53%.New Risk • May 19New major risk - Revenue and earnings growthEarnings have declined by 2.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (฿638.6m market cap, or US$19.6m).New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿593.0m market cap, or US$18.2m).Upcoming Dividend • Apr 22Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (2.8%).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.022 (vs ฿0.004 in FY 2024)Full year 2025 results: EPS: ฿0.022 (up from ฿0.004 in FY 2024). Revenue: ฿1.41b (up 11% from FY 2024). Net income: ฿33.7m (up 413% from FY 2024). Profit margin: 2.4% (up from 0.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.Declared Dividend • Mar 02Dividend of ฿0.012 announcedDividend of ฿0.012 is the same as last year. Ex-date: 29th April 2026 Payment date: 22nd May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 1.5% EPS growth achieved over the last 5 years.最新情報をもっと見るRecent updatesBuy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 70% to ฿0.68. The fair value is estimated to be ฿0.55, however this is not to be taken as a sell 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 53%.New Risk • May 19New major risk - Revenue and earnings growthEarnings have declined by 2.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (฿638.6m market cap, or US$19.6m).New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿593.0m market cap, or US$18.2m).Upcoming Dividend • Apr 22Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (2.8%).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.022 (vs ฿0.004 in FY 2024)Full year 2025 results: EPS: ฿0.022 (up from ฿0.004 in FY 2024). Revenue: ฿1.41b (up 11% from FY 2024). Net income: ฿33.7m (up 413% from FY 2024). Profit margin: 2.4% (up from 0.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.Declared Dividend • Mar 02Dividend of ฿0.012 announcedDividend of ฿0.012 is the same as last year. Ex-date: 29th April 2026 Payment date: 22nd May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 1.5% EPS growth achieved over the last 5 years.お知らせ • Feb 27Salee Industry Public Company Limited announces Annual dividend, payable on May 22, 2026Salee Industry Public Company Limited announced Annual dividend of THB 0.0120 per share payable on May 22, 2026, ex-date on April 29, 2026 and record date on April 30, 2026.お知らせ • Feb 26Salee Industry Public Company Limited, Annual General Meeting, Apr 23, 2026Salee Industry Public Company Limited, Annual General Meeting, Apr 23, 2026, at 13:30 SE Asia Standard Time. Location: physical meeting, conference room, salee industry, public company limited 18 moo 10, tumbol klong si, amphur klong luang, pathumthani 12120, ThailandNew Risk • Dec 16New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 112% Dividend yield: 3.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿547.4m market cap, or US$17.4m).Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.003 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.001 (down from ฿0.003 in 3Q 2024). Revenue: ฿339.0m (up 9.5% from 3Q 2024). Net income: ฿1.38m (down 66% from 3Q 2024). Profit margin: 0.4% (down from 1.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Reported Earnings • May 11First quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.007 (up from ฿0.003 in 1Q 2024). Revenue: ฿348.5m (flat on 1Q 2024). Net income: ฿10.4m (up 153% from 1Q 2024). Profit margin: 3.0% (up from 1.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.お知らせ • Apr 24Salee Industry Public Company Limited Approves Cash Dividend for Year 2024, Payable on May 23, 2025Salee Industry Public Company Limited announced that at its AGM held on 24 April 2025 approved the appropriation of profits for year 2024 and from retained earnings as follows: approved the cash dividend payment to 1,520,484,068 common shareholders at THB 0.012 per share (One point Two Satangs) totally amounting to THB 18,245,808.82. The record date to determine the names of shareholders who have the right to receive cash dividend payment will be on May 2, 2025. Dividend payment will be made on May 23, 2025.Upcoming Dividend • Apr 23Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 23 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (3.6%).New Risk • Mar 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.3% 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 Dividend is not well covered by earnings (277% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (฿517.0m market cap, or US$15.4m).Declared Dividend • Mar 03Dividend of ฿0.012 announcedShareholders will receive a dividend of ฿0.012. Ex-date: 30th April 2025 Payment date: 23rd May 2025 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings). However, it is covered by cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 997% to bring the payout ratio under control, which is more than the 37% EPS growth achieved over the last 5 years.Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.004 (vs ฿0.011 in FY 2023)Full year 2024 results: EPS: ฿0.004 (down from ฿0.011 in FY 2023). Revenue: ฿1.27b (down 2.1% from FY 2023). Net income: ฿6.58m (down 61% from FY 2023). Profit margin: 0.5% (down from 1.3% 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 34% per year and the company’s share price has also fallen by 34% per year.お知らせ • Feb 26+ 1 more updateSalee Industry Public Company Limited Proposes Cash Dividend for the Year 2024, Payable on 23 May, 2025Salee Industry Public Company Limited proposed cash dividend payment of THB 0.012 per share for the year 2024. Record date is May 02, 2025. Payment date is 23 May, 2025. Ex-dividend date is April 30, 2025. Shareholder's meeting date is April 24, 2025.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.003 (vs ฿0.001 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.003 (up from ฿0.001 loss in 3Q 2023). Revenue: ฿309.6m (up 3.8% from 3Q 2023). Net income: ฿3.98m (up ฿5.04m from 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.1% 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 Dividend is not well covered by earnings (dividend per share is over 149x earnings per share). Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (0.03% net profit margin). Market cap is less than US$100m (฿623.4m market cap, or US$18.1m).Buy Or Sell Opportunity • Sep 10Now 26% overvaluedOver the last 90 days, the stock has fallen 29% to ฿0.50. The fair value is estimated to be ฿0.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.001 (vs ฿0.011 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.001 (down from ฿0.011 in 2Q 2023). Revenue: ฿317.4m (down 3.7% from 2Q 2023). Net income: ฿2.11m (down 87% from 2Q 2023). Profit margin: 0.7% (down from 5.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.New Risk • May 14New 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 Dividend is not well covered by earnings (356% payout ratio). 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 (1.2% net profit margin). Market cap is less than US$100m (฿1.09b market cap, or US$29.9m).Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿2.70 (vs ฿0.004 in 1Q 2023)First quarter 2024 results: EPS: ฿2.70. Revenue: ฿345.8m (down 4.6% from 1Q 2023). Net income: ฿4.10m (down 29% from 1Q 2023). Profit margin: 1.2% (down from 1.6% in 1Q 2023). The decrease in margin was driven by lower revenue.Upcoming Dividend • Apr 30Upcoming dividend of ฿0.035 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.6%).お知らせ • Apr 30Salee Industry Public Company Limited Approves Cash Dividend for the Year 2023, Payable on 27 May 2024Salee Industry Public Company Limited approved cash dividend payment of THB 0.035 per share, THB 0.25 per share, totally amounting to THB 53,216,942.38 for the year 2023. Record date is 08 May-2024. Payment date is 27 May-2024.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.011 (vs ฿0.075 in FY 2022)Full year 2023 results: EPS: ฿0.011 (down from ฿0.075 in FY 2022). Revenue: ฿1.29b (down 18% from FY 2022). Net income: ฿16.7m (down 86% from FY 2022). Profit margin: 1.3% (down from 7.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Feb 28+ 1 more updateSalee Industry Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2023 to 31 December 2023, Payable on 27 May 2024Salee Industry Public Company Limited proposed cash dividend of THB 0.035 per share, THB 0.25 par value for the operating period from 1 January 2023 to 31 December 2023. Scheduled dates are as follows: Record date 08-May-2024, Ex-dividend date 07-May-2024 and Payment date 27-May-2024.New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.3% 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 Dividend is not well covered by earnings (368% payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (฿1.26b market cap, or US$36.0m).New Risk • Nov 13New 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 6.3% 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 Dividend is not well covered by earnings (134% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿1.25b market cap, or US$34.7m).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.028 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.011 (down from ฿0.028 in 2Q 2022). Revenue: ฿329.7m (down 21% from 2Q 2022). Net income: ฿16.7m (down 61% from 2Q 2022). Profit margin: 5.1% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 26Upcoming dividend of ฿0.07 per share at 6.2% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 25 May 2023. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.1%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Director Siraphat Tatawatorn was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ฿0.028 (vs ฿0.002 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.028 (up from ฿0.002 loss in 2Q 2021). Revenue: ฿417.0m (up 40% from 2Q 2021). Net income: ฿42.5m (up ฿46.4m from 2Q 2021). Profit margin: 10% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.01 (up from ฿0.007 in 1Q 2021). Revenue: ฿375.7m (up 15% from 1Q 2021). Net income: ฿14.8m (up 40% from 1Q 2021). Profit margin: 3.9% (up from 3.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 28Upcoming dividend of ฿0.015 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 25 May 2022. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.0%).Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Pattanachart Chivapornthip was the last director to join the board, commencing their role in 2022. 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: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.001 (up from ฿0 in FY 2020). Revenue: ฿1.29b (up 8.4% from FY 2020). Net income: ฿781.1k (up ฿1.40m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 11Second quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.001 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿298.5m (up 3.1% from 2Q 2020). Net loss: ฿3.86m (loss widened 119% from 2Q 2020). 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 1% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.002 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿326.7m (up 7.8% from 1Q 2020). Net income: ฿10.6m (up 190% from 1Q 2020). Profit margin: 3.2% (up from 1.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Mar 05New 90-day high: ฿1.05The company is up 48% from its price of ฿0.71 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period.Is New 90 Day High Low • Feb 04New 90-day high: ฿0.77The company is up 22% from its price of ฿0.63 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 19% over the same period.株主還元SALEETH ChemicalsTH 市場7D0%-3.9%-0.5%1Y31.1%24.2%29.3%株主還元を見る業界別リターン: SALEE過去 1 年間で24.2 % の収益を上げたTH Chemicals業界を上回りました。リターン対市場: SALEE過去 1 年間で29.3 % の収益を上げたTH市場を上回りました。価格変動Is SALEE's price volatile compared to industry and market?SALEE volatilitySALEE Average Weekly Movement10.7%Chemicals Industry Average Movement4.3%Market Average Movement4.1%10% most volatile stocks in TH Market10.0%10% least volatile stocks in TH Market1.9%安定した株価: SALEEの株価は、 TH市場と比較して過去 3 か月間で変動しています。時間の経過による変動: SALEEの weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてTHの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1993n/aSathit Tatawatornwww.saleeind.comサリー・インダストリー社は子会社とともに、主にタイでプラスチック用品、部品、工具、機器の製造・販売を行っている。プラスチック部品の製造・販売、ラベル印刷サービス、家庭用プラスチック用品の製造・販売、宗教用品の製造・販売などの事業を行っている。金型部品、射出部品、真空部品、プラスチック段ボール容器などを提供。また、ラベル印刷サービスも提供している。同社は1993年に設立され、タイのパトゥムタニに拠点を置く。もっと見るSalee Industry Public Company Limited 基礎のまとめSalee Industry の収益と売上を時価総額と比較するとどうか。SALEE 基礎統計学時価総額฿897.09m収益（TTM）฿38.00m売上高(TTM)฿1.43b23.6xPER（株価収益率0.6xP/SレシオSALEE は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SALEE 損益計算書（TTM）収益฿1.43b売上原価฿1.11b売上総利益฿321.70mその他の費用฿283.70m収益฿38.00m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.025グロス・マージン22.53%純利益率2.66%有利子負債／自己資本比率0.5%SALEE の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.0%現在の配当利回り48%配当性向View Valuation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2026/08/05 21:13終値2026/08/05 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Salee Industry 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。2 アナリスト機関Suchot TirawannaratKGI Securities Co. Ltd.Siam TiyanontPhillip Securities (Thailand) PCL
Buy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 70% to ฿0.68. The fair value is estimated to be ฿0.55, however this is not to be taken as a sell 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 53%.
New Risk • May 19New major risk - Revenue and earnings growthEarnings have declined by 2.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (฿638.6m market cap, or US$19.6m).
New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿593.0m market cap, or US$18.2m).
Upcoming Dividend • Apr 22Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (2.8%).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.022 (vs ฿0.004 in FY 2024)Full year 2025 results: EPS: ฿0.022 (up from ฿0.004 in FY 2024). Revenue: ฿1.41b (up 11% from FY 2024). Net income: ฿33.7m (up 413% from FY 2024). Profit margin: 2.4% (up from 0.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
Declared Dividend • Mar 02Dividend of ฿0.012 announcedDividend of ฿0.012 is the same as last year. Ex-date: 29th April 2026 Payment date: 22nd May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 1.5% EPS growth achieved over the last 5 years.
Buy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 70% to ฿0.68. The fair value is estimated to be ฿0.55, however this is not to be taken as a sell 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 53%.
New Risk • May 19New major risk - Revenue and earnings growthEarnings have declined by 2.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (฿638.6m market cap, or US$19.6m).
New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿593.0m market cap, or US$18.2m).
Upcoming Dividend • Apr 22Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 29 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (2.8%).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.022 (vs ฿0.004 in FY 2024)Full year 2025 results: EPS: ฿0.022 (up from ฿0.004 in FY 2024). Revenue: ฿1.41b (up 11% from FY 2024). Net income: ฿33.7m (up 413% from FY 2024). Profit margin: 2.4% (up from 0.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
Declared Dividend • Mar 02Dividend of ฿0.012 announcedDividend of ฿0.012 is the same as last year. Ex-date: 29th April 2026 Payment date: 22nd May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is more than the 1.5% EPS growth achieved over the last 5 years.
お知らせ • Feb 27Salee Industry Public Company Limited announces Annual dividend, payable on May 22, 2026Salee Industry Public Company Limited announced Annual dividend of THB 0.0120 per share payable on May 22, 2026, ex-date on April 29, 2026 and record date on April 30, 2026.
お知らせ • Feb 26Salee Industry Public Company Limited, Annual General Meeting, Apr 23, 2026Salee Industry Public Company Limited, Annual General Meeting, Apr 23, 2026, at 13:30 SE Asia Standard Time. Location: physical meeting, conference room, salee industry, public company limited 18 moo 10, tumbol klong si, amphur klong luang, pathumthani 12120, Thailand
New Risk • Dec 16New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 112% Dividend yield: 3.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿547.4m market cap, or US$17.4m).
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.003 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.001 (down from ฿0.003 in 3Q 2024). Revenue: ฿339.0m (up 9.5% from 3Q 2024). Net income: ฿1.38m (down 66% from 3Q 2024). Profit margin: 0.4% (down from 1.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 11First quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.007 (up from ฿0.003 in 1Q 2024). Revenue: ฿348.5m (flat on 1Q 2024). Net income: ฿10.4m (up 153% from 1Q 2024). Profit margin: 3.0% (up from 1.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 24Salee Industry Public Company Limited Approves Cash Dividend for Year 2024, Payable on May 23, 2025Salee Industry Public Company Limited announced that at its AGM held on 24 April 2025 approved the appropriation of profits for year 2024 and from retained earnings as follows: approved the cash dividend payment to 1,520,484,068 common shareholders at THB 0.012 per share (One point Two Satangs) totally amounting to THB 18,245,808.82. The record date to determine the names of shareholders who have the right to receive cash dividend payment will be on May 2, 2025. Dividend payment will be made on May 23, 2025.
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.012 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 23 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (3.6%).
New Risk • Mar 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.3% 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 Dividend is not well covered by earnings (277% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (฿517.0m market cap, or US$15.4m).
Declared Dividend • Mar 03Dividend of ฿0.012 announcedShareholders will receive a dividend of ฿0.012. Ex-date: 30th April 2025 Payment date: 23rd May 2025 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings). However, it is covered by cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 997% to bring the payout ratio under control, which is more than the 37% EPS growth achieved over the last 5 years.
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.004 (vs ฿0.011 in FY 2023)Full year 2024 results: EPS: ฿0.004 (down from ฿0.011 in FY 2023). Revenue: ฿1.27b (down 2.1% from FY 2023). Net income: ฿6.58m (down 61% from FY 2023). Profit margin: 0.5% (down from 1.3% 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 34% per year and the company’s share price has also fallen by 34% per year.
お知らせ • Feb 26+ 1 more updateSalee Industry Public Company Limited Proposes Cash Dividend for the Year 2024, Payable on 23 May, 2025Salee Industry Public Company Limited proposed cash dividend payment of THB 0.012 per share for the year 2024. Record date is May 02, 2025. Payment date is 23 May, 2025. Ex-dividend date is April 30, 2025. Shareholder's meeting date is April 24, 2025.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.003 (vs ฿0.001 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.003 (up from ฿0.001 loss in 3Q 2023). Revenue: ฿309.6m (up 3.8% from 3Q 2023). Net income: ฿3.98m (up ฿5.04m from 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.1% 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 Dividend is not well covered by earnings (dividend per share is over 149x earnings per share). Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (0.03% net profit margin). Market cap is less than US$100m (฿623.4m market cap, or US$18.1m).
Buy Or Sell Opportunity • Sep 10Now 26% overvaluedOver the last 90 days, the stock has fallen 29% to ฿0.50. The fair value is estimated to be ฿0.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.001 (vs ฿0.011 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.001 (down from ฿0.011 in 2Q 2023). Revenue: ฿317.4m (down 3.7% from 2Q 2023). Net income: ฿2.11m (down 87% from 2Q 2023). Profit margin: 0.7% (down from 5.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
New Risk • May 14New 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 Dividend is not well covered by earnings (356% payout ratio). 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 (1.2% net profit margin). Market cap is less than US$100m (฿1.09b market cap, or US$29.9m).
Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿2.70 (vs ฿0.004 in 1Q 2023)First quarter 2024 results: EPS: ฿2.70. Revenue: ฿345.8m (down 4.6% from 1Q 2023). Net income: ฿4.10m (down 29% from 1Q 2023). Profit margin: 1.2% (down from 1.6% in 1Q 2023). The decrease in margin was driven by lower revenue.
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.035 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.6%).
お知らせ • Apr 30Salee Industry Public Company Limited Approves Cash Dividend for the Year 2023, Payable on 27 May 2024Salee Industry Public Company Limited approved cash dividend payment of THB 0.035 per share, THB 0.25 per share, totally amounting to THB 53,216,942.38 for the year 2023. Record date is 08 May-2024. Payment date is 27 May-2024.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.011 (vs ฿0.075 in FY 2022)Full year 2023 results: EPS: ฿0.011 (down from ฿0.075 in FY 2022). Revenue: ฿1.29b (down 18% from FY 2022). Net income: ฿16.7m (down 86% from FY 2022). Profit margin: 1.3% (down from 7.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Feb 28+ 1 more updateSalee Industry Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2023 to 31 December 2023, Payable on 27 May 2024Salee Industry Public Company Limited proposed cash dividend of THB 0.035 per share, THB 0.25 par value for the operating period from 1 January 2023 to 31 December 2023. Scheduled dates are as follows: Record date 08-May-2024, Ex-dividend date 07-May-2024 and Payment date 27-May-2024.
New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.3% 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 Dividend is not well covered by earnings (368% payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (฿1.26b market cap, or US$36.0m).
New Risk • Nov 13New 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 6.3% 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 Dividend is not well covered by earnings (134% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿1.25b market cap, or US$34.7m).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.028 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.011 (down from ฿0.028 in 2Q 2022). Revenue: ฿329.7m (down 21% from 2Q 2022). Net income: ฿16.7m (down 61% from 2Q 2022). Profit margin: 5.1% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 26Upcoming dividend of ฿0.07 per share at 6.2% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 25 May 2023. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.1%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Director Siraphat Tatawatorn was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ฿0.028 (vs ฿0.002 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.028 (up from ฿0.002 loss in 2Q 2021). Revenue: ฿417.0m (up 40% from 2Q 2021). Net income: ฿42.5m (up ฿46.4m from 2Q 2021). Profit margin: 10% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.01 (up from ฿0.007 in 1Q 2021). Revenue: ฿375.7m (up 15% from 1Q 2021). Net income: ฿14.8m (up 40% from 1Q 2021). Profit margin: 3.9% (up from 3.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 28Upcoming dividend of ฿0.015 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 25 May 2022. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.0%).
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Pattanachart Chivapornthip was the last director to join the board, commencing their role in 2022. 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: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.001 (up from ฿0 in FY 2020). Revenue: ฿1.29b (up 8.4% from FY 2020). Net income: ฿781.1k (up ฿1.40m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 11Second quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.001 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿298.5m (up 3.1% from 2Q 2020). Net loss: ฿3.86m (loss widened 119% from 2Q 2020). 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 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.002 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿326.7m (up 7.8% from 1Q 2020). Net income: ฿10.6m (up 190% from 1Q 2020). Profit margin: 3.2% (up from 1.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Mar 05New 90-day high: ฿1.05The company is up 48% from its price of ฿0.71 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period.
Is New 90 Day High Low • Feb 04New 90-day high: ฿0.77The company is up 22% from its price of ฿0.63 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 19% over the same period.
