View Future GrowthSiam Pan Group 過去の業績過去 基準チェック /46Siam Pan Groupの収益は年間平均-9.5%の割合で減少していますが、 Chemicals業界の収益は年間 増加しています。収益は年間7.3% 6.1%割合で 減少しています。 Siam Pan Groupの自己資本利益率は5.8%であり、純利益率は14.5%です。主要情報-9.50%収益成長率-9.51%EPS成長率Chemicals 業界の成長8.05%収益成長率-6.07%株主資本利益率5.79%ネット・マージン14.55%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.34 (vs ฿0.28 in 1Q 2025)First quarter 2026 results: EPS: ฿0.34 (up from ฿0.28 in 1Q 2025). Revenue: ฿659.8m (up 7.8% from 1Q 2025). Net income: ฿116.6m (up 22% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.93 (vs ฿0.74 in FY 2024)Full year 2025 results: EPS: ฿0.93 (up from ฿0.74 in FY 2024). Revenue: ฿2.38b (up 16% from FY 2024). Net income: ฿319.9m (up 26% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.13 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.14 (up from ฿0.13 in 3Q 2024). Revenue: ฿483.0m (up 30% from 3Q 2024). Net income: ฿48.7m (up 10.0% from 3Q 2024). Profit margin: 10% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.19 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.28 (up from ฿0.19 in 2Q 2024). Revenue: ฿685.2m (up 31% from 2Q 2024). Net income: ฿97.0m (up 46% from 2Q 2024). Profit margin: 14% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.25 in 1Q 2024)First quarter 2025 results: EPS: ฿0.28 (up from ฿0.25 in 1Q 2024). Revenue: ฿628.3m (up 11% from 1Q 2024). Net income: ฿95.3m (up 12% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year.Reported Earnings • Feb 19Full year 2024 earnings released: EPS: ฿0.74 (vs ฿1.05 in FY 2023)Full year 2024 results: EPS: ฿0.74 (down from ฿1.05 in FY 2023). Revenue: ฿2.11b (down 23% from FY 2023). Net income: ฿254.8m (down 30% from FY 2023). Profit margin: 12% (down from 13% 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 12% per year and the company’s share price has also fallen by 12% per year.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.34 (vs ฿0.28 in 1Q 2025)First quarter 2026 results: EPS: ฿0.34 (up from ฿0.28 in 1Q 2025). Revenue: ฿659.8m (up 7.8% from 1Q 2025). Net income: ฿116.6m (up 22% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 12Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 15 May 2026. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (3.3%).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.93 (vs ฿0.74 in FY 2024)Full year 2025 results: EPS: ฿0.93 (up from ฿0.74 in FY 2024). Revenue: ฿2.38b (up 16% from FY 2024). Net income: ฿319.9m (up 26% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Feb 21Siam Pan Group Public Company Limited announces Annual dividend, payable on May 15, 2026Siam Pan Group Public Company Limited announced Annual dividend of THB 0.8000 per share payable on May 15, 2026, ex-date on March 19, 2026 and record date on March 20, 2026.お知らせ • Feb 20Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2026Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2026, at 10:30 SE Asia Standard Time. Location: at the rachadramnern room of the royal princess-, hotel located on 269 larnluang road, pomprab, bangkok ThailandValuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿13.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 12x in the Chemicals industry in Thailand. Total loss to shareholders of 9.0% over the past three years.Board Change • Feb 10Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Mom Luang Bunleang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.13 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.14 (up from ฿0.13 in 3Q 2024). Revenue: ฿483.0m (up 30% from 3Q 2024). Net income: ฿48.7m (up 10.0% from 3Q 2024). Profit margin: 10% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Board Change • Oct 07High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Mom Luang Bunleang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.19 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.28 (up from ฿0.19 in 2Q 2024). Revenue: ฿685.2m (up 31% from 2Q 2024). Net income: ฿97.0m (up 46% from 2Q 2024). Profit margin: 14% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿12.80, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total loss to shareholders of 16% over the past three years.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿14.20, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 11x in the Chemicals industry in Thailand. Total loss to shareholders of 4.7% over the past three years.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.25 in 1Q 2024)First quarter 2025 results: EPS: ฿0.28 (up from ฿0.25 in 1Q 2024). Revenue: ฿628.3m (up 11% from 1Q 2024). Net income: ฿95.3m (up 12% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿14.20, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 10x in the Chemicals industry in Thailand. Total loss to shareholders of 6.4% over the past three years.お知らせ • Apr 24+ 1 more updateSiam Pan Group Public Company Limited Announces Board and Committee ElectionsSiam Pan Group Public Company Limited at the April 22, 2025, approveed to appoint Mrs. Sommai Siriudomseth as Independent Director and Chairman of the Audit Committee and Appoint Mom Luang Phakakaew Bunleang as Independent Director and Audit Committee.Upcoming Dividend • Mar 05Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 12 March 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (3.5%).Reported Earnings • Feb 19Full year 2024 earnings released: EPS: ฿0.74 (vs ฿1.05 in FY 2023)Full year 2024 results: EPS: ฿0.74 (down from ฿1.05 in FY 2023). Revenue: ฿2.11b (down 23% from FY 2023). Net income: ฿254.8m (down 30% from FY 2023). Profit margin: 12% (down from 13% 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 12% per year and the company’s share price has also fallen by 12% per year.Declared Dividend • Feb 13Dividend reduced to ฿0.40Dividend of ฿0.40 is 50% lower than last year. Ex-date: 12th March 2025 Payment date: 19th May 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (180% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share remained steady over the last 5 years, which if continued should see the payout ratio remain close to the sustainable range.お知らせ • Feb 12Siam Pan Group Public Company Limited Recommends Annual Dividend Payment for the Fiscal Year Ended December 31, 2024, Payable on May 19, 2025Siam Pan Group Public Company Limited at its AGM, to be held on April 22, 2025, recommended annual dividend payment for the fiscal year ended December 31, 2024 will be THB 0.40 per share from cumulative profit subject to 20% corporate income tax. The dividend will be payable on May 19, 2025. Record date for the right to receive dividends: March 13, 2025. Ex-dividend date is March 12, 2025.お知らせ • Feb 11Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2025Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:30 SE Asia Standard Time. Location: at the rachadramnern room of the royal princess, hotel located on 269 larnluang road , pomprab, bangkok ThailandBoard Change • Nov 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Executive Director Thakkhasit Jittivanich was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.19 (vs ฿0.24 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.19 (down from ฿0.24 in 2Q 2023). Revenue: ฿535.1m (down 20% from 2Q 2023). Net income: ฿66.4m (down 20% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% 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.New Risk • Jun 05New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).New Risk • Jun 04New 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 6.0% 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 (6.0% average weekly change).Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.25 (vs ฿0.29 in 1Q 2023)First quarter 2024 results: EPS: ฿0.25 (down from ฿0.29 in 1Q 2023). Revenue: ฿580.4m (down 26% from 1Q 2023). Net income: ฿85.2m (down 14% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% 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.お知らせ • Apr 12Siam Pan Group Public Company Limited Approves Dividend for the Year 2023, Payable on May 9, 2024Siam Pan Group Public Company Limited at its AGM held on April 2024 approved dividend of THB 0.80 per share for the year 2023 on May 9, 2024.お知らせ • Mar 22Siam Pan Group Public Company Limited Announces the Resignation of Paiboon Jittivanich as Director and Executive DirectorSiam Pan Group Public Company Limited announced that Mr. Paiboon Jittivanich has resigned from his position as a Director and Executive Director of the company, effective from March 19, 2024 onwards. And would like to cancel consideration of the election of Mr. Paiboon Jittivanich to return to the position of director for another term in the invitation to the 2024 Annual General Meeting of Shareholders, which will be held on April 11, 2024, as the Company has already.informed.Upcoming Dividend • Mar 04Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 09 May 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.8%).Reported Earnings • Feb 24Full year 2023 earnings released: EPS: ฿1.05 (vs ฿1.00 in FY 2022)Full year 2023 results: EPS: ฿1.05 (up from ฿1.00 in FY 2022). Revenue: ฿2.77b (down 4.2% from FY 2022). Net income: ฿361.8m (up 5.1% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% 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.Declared Dividend • Feb 23Dividend of ฿0.80 announcedDividend of ฿0.80 is the same as last year. Ex-date: 11th March 2024 Payment date: 9th May 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 5.2% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.4% EPS decline seen over the last 5 years.お知らせ • Feb 22Siam Pan Group Public Company Limited, Annual General Meeting, Apr 11, 2024Siam Pan Group Public Company Limited, Annual General Meeting, Apr 11, 2024, at 10:30 SE Asia Standard Time. Location: Rachadramnern Room of the Royal Princess Hotel located on 269 Larnluang Road , Pomprab Bangkok Thailand Agenda: To certify the minutes of 1/2023 the Ordinary general meeting of shareholders; to acknowledge the Company's operating results and the board of directors' report for the year 2023; to approve the audited Statement of financial position and Statement of comprehensive income for the year ended December 31, 2023; to consider and approve the appropriation of net profit for Dividend payments; to consider and appoint an auditor and fix the auditing fee for the year 2024; to consider the election of Directors in place of those vacating the office by Rotation; to consider and fix the directors' Remuneration for the year 2024; and to consider any other matters.お知らせ • Feb 21Siam Pan Group Public Company Limited Recommends Annual Dividend Payment for the Fiscal Year 2023, Payable on May 9, 2024Siam Pan Group Public Company Limited at its AGM, to be held on April 11, 2024, recommended annual dividend payment for the fiscal year 2023 will be THB 0.80 per share from cumulative profit subject to 20% corporate income tax. The dividend will be payable on May 9, 2024.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.19 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.19. Revenue: ฿628.4m (up 11% from 3Q 2022). Net income: ฿66.1m (flat on 3Q 2022). Profit margin: 11% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.24 (vs ฿0.28 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.24 (down from ฿0.28 in 2Q 2022). Revenue: ฿671.9m (down 5.2% from 2Q 2022). Net income: ฿83.2m (down 15% from 2Q 2022). Profit margin: 12% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Board Change • Aug 11Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. 1st Executive Vice Chairman of the Board Orasri Thipayaboonthong was the last director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.80 per share at 5.3% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.8%).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. 10 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Aug 16Second quarter 2022 earnings released: EPS: ฿0.31 (vs ฿0.40 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.31 (down from ฿0.40 in 2Q 2021). Revenue: ฿786.9m (up 1.5% from 2Q 2021). Net income: ฿106.2m (down 23% from 2Q 2021). Profit margin: 14% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • May 19First quarter 2022 earnings released: EPS: ฿0.38 (vs ฿0.47 in 1Q 2021)First quarter 2022 results: EPS: ฿0.38 (down from ฿0.47 in 1Q 2021). Revenue: ฿928.4m (up 13% from 1Q 2021). Net income: ฿130.5m (down 19% from 1Q 2021). Profit margin: 14% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.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. 10 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Mar 17Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 24 March 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (4.3%).Reported Earnings • Feb 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.33 (up from ฿1.08 in FY 2020). Revenue: ฿2.95b (up 13% from FY 2020). Net income: ฿460.0m (up 23% from FY 2020). Profit margin: 16% (up from 14% 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 14% per year whereas the company’s share price has increased by 10% per year.Upcoming Dividend • Nov 17Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 24 November 2021. Payment date: 07 December 2021. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (4.8%). In line with average of industry peers (2.5%).Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS ฿0.24 (vs ฿0.21 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿621.5m (up 12% from 3Q 2020). Net income: ฿84.3m (up 17% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year.Reported Earnings • Aug 19Second quarter 2021 earnings released: EPS ฿0.40 (vs ฿0.32 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿779.4m (up 13% from 2Q 2020). Net income: ฿137.3m (up 25% from 2Q 2020). Profit margin: 18% (up from 16% 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 8% per year and the company’s share price has also increased by 8% per year.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.46 (vs ฿0.26 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿829.5m (up 21% from 1Q 2020). Net income: ฿160.4m (up 78% from 1Q 2020). Profit margin: 19% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • Feb 17Full year 2020 earnings released: EPS ฿1.08 (vs ฿0.89 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿2.64b (down 11% from FY 2019). Net income: ฿372.9m (up 22% from FY 2019). Profit margin: 14% (up from 10% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿21.00, the stock is trading at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 13x in the Chemicals industry in Thailand. Total returns to shareholders over the past three years are 31%.Is New 90 Day High Low • Jan 26New 90-day high: ฿18.20The company is up 40% from its price of ฿13.00 on 28 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 46% over the same period.Is New 90 Day High Low • Jan 07New 90-day high: ฿17.10The company is up 37% from its price of ฿12.50 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 40% over the same period.Is New 90 Day High Low • Dec 15New 90-day high: ฿14.70The company is up 14% from its price of ฿12.90 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 30% over the same period.Is New 90 Day High Low • Nov 20New 90-day high: ฿13.70The company is up 4.0% from its price of ฿13.20 on 19 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.21The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿562.1m (down 14% from 3Q 2019). Net income: ฿71.8m (up 26% from 3Q 2019). Profit margin: 13% (up from 8.8% 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 8% per year whereas the company’s share price has fallen by 10% per year.収支内訳Siam Pan Group 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:SPG 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 262,345341392031 Dec 252,314320390030 Sep 252,338300396030 Jun 252,243295380031 Mar 252,096265376031 Dec 242,051255376030 Sep 242,115310372030 Jun 242,363332411031 Mar 242,512348431031 Dec 232,731362449030 Sep 232,623283463030 Jun 232,478273446031 Mar 232,515288440031 Dec 222,543303428030 Sep 222,713347444030 Jun 222,855374445031 Mar 222,922413444031 Dec 212,932460457030 Sep 212,893483454030 Jun 212,832471451031 Mar 212,747443450031 Dec 202,608373457030 Sep 202,722379455030 Jun 202,821365461031 Mar 202,920342475031 Dec 192,984307494030 Sep 193,087311489030 Jun 193,113319488031 Mar 193,157330498031 Dec 183,249379470030 Sep 183,219365481030 Jun 183,118345475031 Mar 183,246387452031 Dec 173,333427460030 Sep 173,318471440030 Jun 173,443539440031 Mar 173,381573445031 Dec 163,275564446030 Sep 163,364571467030 Jun 163,332556461031 Mar 163,404529448031 Dec 153,388488431030 Sep 153,419454410030 Jun 153,4894384010質の高い収益: SPGは 高品質の収益 を持っています。利益率の向上: SPGの現在の純利益率 (14.5%)は、昨年(12.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SPGの収益は過去 5 年間で年間9.5%減少しました。成長の加速: SPGの過去 1 年間の収益成長率 ( 28.8% ) は、5 年間の平均 ( 年間-9.5%を上回っています。収益対業界: SPGの過去 1 年間の収益成長率 ( 28.8% ) はChemicals業界21%を上回りました。株主資本利益率高いROE: SPGの 自己資本利益率 ( 5.8% ) 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2026/06/09 13:38終値2026/06/09 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Siam Pan Group 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 19First quarter 2026 earnings released: EPS: ฿0.34 (vs ฿0.28 in 1Q 2025)First quarter 2026 results: EPS: ฿0.34 (up from ฿0.28 in 1Q 2025). Revenue: ฿659.8m (up 7.8% from 1Q 2025). Net income: ฿116.6m (up 22% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.93 (vs ฿0.74 in FY 2024)Full year 2025 results: EPS: ฿0.93 (up from ฿0.74 in FY 2024). Revenue: ฿2.38b (up 16% from FY 2024). Net income: ฿319.9m (up 26% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.13 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.14 (up from ฿0.13 in 3Q 2024). Revenue: ฿483.0m (up 30% from 3Q 2024). Net income: ฿48.7m (up 10.0% from 3Q 2024). Profit margin: 10% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.19 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.28 (up from ฿0.19 in 2Q 2024). Revenue: ฿685.2m (up 31% from 2Q 2024). Net income: ฿97.0m (up 46% from 2Q 2024). Profit margin: 14% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.25 in 1Q 2024)First quarter 2025 results: EPS: ฿0.28 (up from ฿0.25 in 1Q 2024). Revenue: ฿628.3m (up 11% from 1Q 2024). Net income: ฿95.3m (up 12% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year.
Reported Earnings • Feb 19Full year 2024 earnings released: EPS: ฿0.74 (vs ฿1.05 in FY 2023)Full year 2024 results: EPS: ฿0.74 (down from ฿1.05 in FY 2023). Revenue: ฿2.11b (down 23% from FY 2023). Net income: ฿254.8m (down 30% from FY 2023). Profit margin: 12% (down from 13% 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 12% per year and the company’s share price has also fallen by 12% per year.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.34 (vs ฿0.28 in 1Q 2025)First quarter 2026 results: EPS: ฿0.34 (up from ฿0.28 in 1Q 2025). Revenue: ฿659.8m (up 7.8% from 1Q 2025). Net income: ฿116.6m (up 22% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 12Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 15 May 2026. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (3.3%).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.93 (vs ฿0.74 in FY 2024)Full year 2025 results: EPS: ฿0.93 (up from ฿0.74 in FY 2024). Revenue: ฿2.38b (up 16% from FY 2024). Net income: ฿319.9m (up 26% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Feb 21Siam Pan Group Public Company Limited announces Annual dividend, payable on May 15, 2026Siam Pan Group Public Company Limited announced Annual dividend of THB 0.8000 per share payable on May 15, 2026, ex-date on March 19, 2026 and record date on March 20, 2026.
お知らせ • Feb 20Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2026Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2026, at 10:30 SE Asia Standard Time. Location: at the rachadramnern room of the royal princess-, hotel located on 269 larnluang road, pomprab, bangkok Thailand
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿13.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 12x in the Chemicals industry in Thailand. Total loss to shareholders of 9.0% over the past three years.
Board Change • Feb 10Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Mom Luang Bunleang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.13 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.14 (up from ฿0.13 in 3Q 2024). Revenue: ฿483.0m (up 30% from 3Q 2024). Net income: ฿48.7m (up 10.0% from 3Q 2024). Profit margin: 10% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Board Change • Oct 07High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Mom Luang Bunleang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.19 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.28 (up from ฿0.19 in 2Q 2024). Revenue: ฿685.2m (up 31% from 2Q 2024). Net income: ฿97.0m (up 46% from 2Q 2024). Profit margin: 14% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿12.80, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total loss to shareholders of 16% over the past three years.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿14.20, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 11x in the Chemicals industry in Thailand. Total loss to shareholders of 4.7% over the past three years.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.25 in 1Q 2024)First quarter 2025 results: EPS: ฿0.28 (up from ฿0.25 in 1Q 2024). Revenue: ฿628.3m (up 11% from 1Q 2024). Net income: ฿95.3m (up 12% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿14.20, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 10x in the Chemicals industry in Thailand. Total loss to shareholders of 6.4% over the past three years.
お知らせ • Apr 24+ 1 more updateSiam Pan Group Public Company Limited Announces Board and Committee ElectionsSiam Pan Group Public Company Limited at the April 22, 2025, approveed to appoint Mrs. Sommai Siriudomseth as Independent Director and Chairman of the Audit Committee and Appoint Mom Luang Phakakaew Bunleang as Independent Director and Audit Committee.
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 12 March 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (3.5%).
Reported Earnings • Feb 19Full year 2024 earnings released: EPS: ฿0.74 (vs ฿1.05 in FY 2023)Full year 2024 results: EPS: ฿0.74 (down from ฿1.05 in FY 2023). Revenue: ฿2.11b (down 23% from FY 2023). Net income: ฿254.8m (down 30% from FY 2023). Profit margin: 12% (down from 13% 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 12% per year and the company’s share price has also fallen by 12% per year.
Declared Dividend • Feb 13Dividend reduced to ฿0.40Dividend of ฿0.40 is 50% lower than last year. Ex-date: 12th March 2025 Payment date: 19th May 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (180% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share remained steady over the last 5 years, which if continued should see the payout ratio remain close to the sustainable range.
お知らせ • Feb 12Siam Pan Group Public Company Limited Recommends Annual Dividend Payment for the Fiscal Year Ended December 31, 2024, Payable on May 19, 2025Siam Pan Group Public Company Limited at its AGM, to be held on April 22, 2025, recommended annual dividend payment for the fiscal year ended December 31, 2024 will be THB 0.40 per share from cumulative profit subject to 20% corporate income tax. The dividend will be payable on May 19, 2025. Record date for the right to receive dividends: March 13, 2025. Ex-dividend date is March 12, 2025.
お知らせ • Feb 11Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2025Siam Pan Group Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:30 SE Asia Standard Time. Location: at the rachadramnern room of the royal princess, hotel located on 269 larnluang road , pomprab, bangkok Thailand
Board Change • Nov 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Executive Director Thakkhasit Jittivanich was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.19 (vs ฿0.24 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.19 (down from ฿0.24 in 2Q 2023). Revenue: ฿535.1m (down 20% from 2Q 2023). Net income: ฿66.4m (down 20% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% 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.
New Risk • Jun 05New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).
New Risk • Jun 04New 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 6.0% 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 (6.0% average weekly change).
Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.25 (vs ฿0.29 in 1Q 2023)First quarter 2024 results: EPS: ฿0.25 (down from ฿0.29 in 1Q 2023). Revenue: ฿580.4m (down 26% from 1Q 2023). Net income: ฿85.2m (down 14% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% 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.
お知らせ • Apr 12Siam Pan Group Public Company Limited Approves Dividend for the Year 2023, Payable on May 9, 2024Siam Pan Group Public Company Limited at its AGM held on April 2024 approved dividend of THB 0.80 per share for the year 2023 on May 9, 2024.
お知らせ • Mar 22Siam Pan Group Public Company Limited Announces the Resignation of Paiboon Jittivanich as Director and Executive DirectorSiam Pan Group Public Company Limited announced that Mr. Paiboon Jittivanich has resigned from his position as a Director and Executive Director of the company, effective from March 19, 2024 onwards. And would like to cancel consideration of the election of Mr. Paiboon Jittivanich to return to the position of director for another term in the invitation to the 2024 Annual General Meeting of Shareholders, which will be held on April 11, 2024, as the Company has already.informed.
Upcoming Dividend • Mar 04Upcoming dividend of ฿0.80 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 09 May 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.8%).
Reported Earnings • Feb 24Full year 2023 earnings released: EPS: ฿1.05 (vs ฿1.00 in FY 2022)Full year 2023 results: EPS: ฿1.05 (up from ฿1.00 in FY 2022). Revenue: ฿2.77b (down 4.2% from FY 2022). Net income: ฿361.8m (up 5.1% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% 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.
Declared Dividend • Feb 23Dividend of ฿0.80 announcedDividend of ฿0.80 is the same as last year. Ex-date: 11th March 2024 Payment date: 9th May 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 5.2% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.4% EPS decline seen over the last 5 years.
お知らせ • Feb 22Siam Pan Group Public Company Limited, Annual General Meeting, Apr 11, 2024Siam Pan Group Public Company Limited, Annual General Meeting, Apr 11, 2024, at 10:30 SE Asia Standard Time. Location: Rachadramnern Room of the Royal Princess Hotel located on 269 Larnluang Road , Pomprab Bangkok Thailand Agenda: To certify the minutes of 1/2023 the Ordinary general meeting of shareholders; to acknowledge the Company's operating results and the board of directors' report for the year 2023; to approve the audited Statement of financial position and Statement of comprehensive income for the year ended December 31, 2023; to consider and approve the appropriation of net profit for Dividend payments; to consider and appoint an auditor and fix the auditing fee for the year 2024; to consider the election of Directors in place of those vacating the office by Rotation; to consider and fix the directors' Remuneration for the year 2024; and to consider any other matters.
お知らせ • Feb 21Siam Pan Group Public Company Limited Recommends Annual Dividend Payment for the Fiscal Year 2023, Payable on May 9, 2024Siam Pan Group Public Company Limited at its AGM, to be held on April 11, 2024, recommended annual dividend payment for the fiscal year 2023 will be THB 0.80 per share from cumulative profit subject to 20% corporate income tax. The dividend will be payable on May 9, 2024.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.19 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.19. Revenue: ฿628.4m (up 11% from 3Q 2022). Net income: ฿66.1m (flat on 3Q 2022). Profit margin: 11% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.24 (vs ฿0.28 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.24 (down from ฿0.28 in 2Q 2022). Revenue: ฿671.9m (down 5.2% from 2Q 2022). Net income: ฿83.2m (down 15% from 2Q 2022). Profit margin: 12% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Board Change • Aug 11Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. 1st Executive Vice Chairman of the Board Orasri Thipayaboonthong was the last director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.80 per share at 5.3% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.8%).
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. 10 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Aug 16Second quarter 2022 earnings released: EPS: ฿0.31 (vs ฿0.40 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.31 (down from ฿0.40 in 2Q 2021). Revenue: ฿786.9m (up 1.5% from 2Q 2021). Net income: ฿106.2m (down 23% from 2Q 2021). Profit margin: 14% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • May 19First quarter 2022 earnings released: EPS: ฿0.38 (vs ฿0.47 in 1Q 2021)First quarter 2022 results: EPS: ฿0.38 (down from ฿0.47 in 1Q 2021). Revenue: ฿928.4m (up 13% from 1Q 2021). Net income: ฿130.5m (down 19% from 1Q 2021). Profit margin: 14% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.
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. 10 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Mar 17Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 24 March 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (4.3%).
Reported Earnings • Feb 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.33 (up from ฿1.08 in FY 2020). Revenue: ฿2.95b (up 13% from FY 2020). Net income: ฿460.0m (up 23% from FY 2020). Profit margin: 16% (up from 14% 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 14% per year whereas the company’s share price has increased by 10% per year.
Upcoming Dividend • Nov 17Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 24 November 2021. Payment date: 07 December 2021. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (4.8%). In line with average of industry peers (2.5%).
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS ฿0.24 (vs ฿0.21 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿621.5m (up 12% from 3Q 2020). Net income: ฿84.3m (up 17% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year.
Reported Earnings • Aug 19Second quarter 2021 earnings released: EPS ฿0.40 (vs ฿0.32 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿779.4m (up 13% from 2Q 2020). Net income: ฿137.3m (up 25% from 2Q 2020). Profit margin: 18% (up from 16% 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 8% per year and the company’s share price has also increased by 8% per year.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.46 (vs ฿0.26 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿829.5m (up 21% from 1Q 2020). Net income: ฿160.4m (up 78% from 1Q 2020). Profit margin: 19% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • Feb 17Full year 2020 earnings released: EPS ฿1.08 (vs ฿0.89 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿2.64b (down 11% from FY 2019). Net income: ฿372.9m (up 22% from FY 2019). Profit margin: 14% (up from 10% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿21.00, the stock is trading at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 13x in the Chemicals industry in Thailand. Total returns to shareholders over the past three years are 31%.
Is New 90 Day High Low • Jan 26New 90-day high: ฿18.20The company is up 40% from its price of ฿13.00 on 28 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 46% over the same period.
Is New 90 Day High Low • Jan 07New 90-day high: ฿17.10The company is up 37% from its price of ฿12.50 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 40% over the same period.
Is New 90 Day High Low • Dec 15New 90-day high: ฿14.70The company is up 14% from its price of ฿12.90 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 30% over the same period.
Is New 90 Day High Low • Nov 20New 90-day high: ฿13.70The company is up 4.0% from its price of ฿13.20 on 19 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.21The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿562.1m (down 14% from 3Q 2019). Net income: ฿71.8m (up 26% from 3Q 2019). Profit margin: 13% (up from 8.8% 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 8% per year whereas the company’s share price has fallen by 10% per year.