View Future GrowthSTP&I 過去の業績過去 基準チェック /46STP&Iは、平均年間58.7%の収益成長を遂げていますが、 Metals and Mining業界の収益は、年間 減少しています。収益は、平均年間14.7% 8.5%収益成長率で 成長しています。 STP&Iの自己資本利益率は2.5%であり、純利益率は5.7%です。主要情報58.69%収益成長率58.06%EPS成長率Metals and Mining 業界の成長15.45%収益成長率8.46%株主資本利益率2.50%ネット・マージン5.72%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 04Full year 2025 earnings released: EPS: ฿0.11 (vs ฿0.054 in FY 2024)Full year 2025 results: EPS: ฿0.11 (up from ฿0.054 in FY 2024). Revenue: ฿3.58b (up 43% from FY 2024). Net income: ฿195.1m (up 115% from FY 2024). Profit margin: 5.5% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.042 (vs ฿0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.042 (up from ฿0.14 loss in 3Q 2024). Revenue: ฿918.8m (up 189% from 3Q 2024). Net income: ฿76.3m (up ฿313.4m from 3Q 2024). Profit margin: 8.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.046 (vs ฿0.019 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.046 (up from ฿0.019 in 2Q 2024). Revenue: ฿989.3m (up 135% from 2Q 2024). Net income: ฿83.1m (up 172% from 2Q 2024). Profit margin: 8.4% (up from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.13 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (down from ฿0.13 in 1Q 2024). Revenue: ฿839.2m (down 26% from 1Q 2024). Net income: ฿124.6m (down 41% from 1Q 2024). Profit margin: 15% (down from 19% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.05 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.05 (down from ฿0.13 in FY 2023). Revenue: ฿2.66b (down 32% from FY 2023). Net income: ฿91.0m (down 55% from FY 2023). Profit margin: 3.4% (down from 5.1% 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 4% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.019 (vs ฿0.016 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.019 (up from ฿0.016 loss in 2Q 2023). Revenue: ฿450.4m (down 35% from 2Q 2023). Net income: ฿30.6m (up ฿55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesNew Risk • Apr 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Large one-off items impacting financial results.お知らせ • Mar 14STP&I Public Company Limited, Annual General Meeting, Apr 29, 2026STP&I Public Company Limited, Annual General Meeting, Apr 29, 2026, at 15:00 SE Asia Standard Time. Location: at the meeting room, no. 32/32, 11th floor, stecon tower (sino-thai tower), sukhumvit 21 road (asok), klong toei nuae sub-district, vadhana district, bangkok metropolis., bangkok ThailandNew Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 78% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Large one-off items impacting financial results.Reported Earnings • Mar 04Full year 2025 earnings released: EPS: ฿0.11 (vs ฿0.054 in FY 2024)Full year 2025 results: EPS: ฿0.11 (up from ฿0.054 in FY 2024). Revenue: ฿3.58b (up 43% from FY 2024). Net income: ฿195.1m (up 115% from FY 2024). Profit margin: 5.5% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Mar 02Now 32% undervaluedOver the last 90 days, the stock has risen 28% to ฿5.00. The fair value is estimated to be ฿7.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 48%.New Risk • Feb 26New 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 5.3% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿5.85, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 13x in the Metals and Mining industry in Thailand. Total returns to shareholders of 31% over the past three years.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿4.42, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 14x in the Metals and Mining industry in Thailand. Total returns to shareholders of 4.7% over the past three years.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.042 (vs ฿0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.042 (up from ฿0.14 loss in 3Q 2024). Revenue: ฿918.8m (up 189% from 3Q 2024). Net income: ฿76.3m (up ฿313.4m from 3Q 2024). Profit margin: 8.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Oct 22New 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 Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.046 (vs ฿0.019 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.046 (up from ฿0.019 in 2Q 2024). Revenue: ฿989.3m (up 135% from 2Q 2024). Net income: ฿83.1m (up 172% from 2Q 2024). Profit margin: 8.4% (up from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.13 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (down from ฿0.13 in 1Q 2024). Revenue: ฿839.2m (down 26% from 1Q 2024). Net income: ฿124.6m (down 41% from 1Q 2024). Profit margin: 15% (down from 19% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.76, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 16x in the Metals and Mining industry in Thailand. Total loss to shareholders of 34% over the past three years.お知らせ • Mar 15STP&I Public Company Limited, Annual General Meeting, Apr 28, 2025STP&I Public Company Limited, Annual General Meeting, Apr 28, 2025, at 15:00 SE Asia Standard Time. Location: at the meeting room 30th floor, sino-thai tower, no. 32/60, sukhumvit 21 road-, (asoke), klongtoey nua subdistrict, wattana, district, bangkok ThailandNew Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.2% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿2.86, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 11x in the Metals and Mining industry in Thailand. Total loss to shareholders of 50% over the past three years.Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.05 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.05 (down from ฿0.13 in FY 2023). Revenue: ฿2.66b (down 32% from FY 2023). Net income: ฿91.0m (down 55% from FY 2023). Profit margin: 3.4% (down from 5.1% 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 4% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Mar 03Now 20% overvaluedOver the last 90 days, the stock has fallen 29% to ฿2.50. The fair value is estimated to be ฿2.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Feb 11Now 23% overvaluedOver the last 90 days, the stock has fallen 26% to ฿2.74. The fair value is estimated to be ฿2.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Nov 23New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 3.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding).New Risk • Sep 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (10% increase in shares outstanding).Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿3.90, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 15x in the Metals and Mining industry in Thailand. Total loss to shareholders of 12% over the past three years.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.019 (vs ฿0.016 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.019 (up from ฿0.016 loss in 2Q 2023). Revenue: ฿450.4m (down 35% from 2Q 2023). Net income: ฿30.6m (up ฿55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.New Risk • Jun 04New major risk - Revenue and earnings growthEarnings have declined by 41% 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 41% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.お知らせ • Mar 14STP&I Public Company Limited, Annual General Meeting, Apr 26, 2024STP&I Public Company Limited, Annual General Meeting, Apr 26, 2024, at 15:00 SE Asia Standard Time. Agenda: To consider and approve company financial statement for the fiscal period ended December 31, 2023; To consider non- issuance of dividends payment.New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 03Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.091 loss in FY 2022)Full year 2023 results: EPS: ฿0.13 (up from ฿0.091 loss in FY 2022). Revenue: ฿3.99b (up 5.6% from FY 2022). Net income: ฿201.0m (up ฿345.9m from FY 2022). Profit margin: 5.0% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.034 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (up from ฿0.034 in 3Q 2022). Revenue: ฿1.00b (down 16% from 3Q 2022). Net income: ฿89.6m (up 65% from 3Q 2022). Profit margin: 8.9% (up from 4.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.80, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 18x in the Metals and Mining industry in Thailand. Total loss to shareholders of 14% over the past three years.Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.016 loss per share (vs ฿0.10 loss in 2Q 2022)Second quarter 2023 results: ฿0.016 loss per share (improved from ฿0.10 loss in 2Q 2022). Revenue: ฿703.0m (up 2.6% from 2Q 2022). Net loss: ฿25.2m (loss narrowed 85% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.012 in 1Q 2022)First quarter 2023 results: EPS: ฿0.08 (up from ฿0.012 in 1Q 2022). Revenue: ฿994.9m (up 21% from 1Q 2022). Net income: ฿122.3m (up ฿103.8m from 1Q 2022). Profit margin: 12% (up from 2.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.034 (vs ฿0.11 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.034 (down from ฿0.11 in 3Q 2021). Revenue: ฿1.17b (up 89% from 3Q 2021). Net income: ฿54.2m (down 70% from 3Q 2021). Profit margin: 4.6% (down from 29% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirangrong Chowiwatana was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improved over the past weekAfter last week's 24% share price gain to ฿4.26, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total loss to shareholders of 36% over the past three years.Reported Earnings • Aug 18Second quarter 2022 earnings released: ฿0.10 loss per share (vs ฿0.003 loss in 2Q 2021)Second quarter 2022 results: ฿0.10 loss per share (down from ฿0.003 loss in 2Q 2021). Revenue: ฿686.2m (up 73% from 2Q 2021). Net loss: ฿162.9m (loss widened ฿158.2m from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ฿0.01 (down from ฿0.028 in 1Q 2021). Revenue: ฿839.4m (up 157% from 1Q 2021). Net income: ฿18.5m (down 58% from 1Q 2021). Profit margin: 2.2% (down from 14% in 1Q 2021). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates. 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.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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirangrong Chowiwatana was the last independent director to join the board, commencing their role in 2017. 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 • Mar 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.20 (up from ฿0.52 loss in FY 2020). Revenue: ฿2.69b (up 53% from FY 2020). Net income: ฿320.3m (up ฿1.16b from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.08 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿648.1m (up 53% from 3Q 2020). Net income: ฿179.5m (up ฿308.3m from 3Q 2020). Profit margin: 28% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.08 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿648.1m (up 53% from 3Q 2020). Net income: ฿179.5m (up ฿308.3m from 3Q 2020). Profit margin: 28% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: ฿0.003 loss per share (vs ฿0.14 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿426.8m (up 2.9% from 2Q 2020). Net loss: ฿4.76m (loss narrowed 98% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.044 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿353.6m (down 27% from 1Q 2020). Net income: ฿44.3m (down 38% from 1Q 2020). Profit margin: 13% (down from 15% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 03Full year 2020 earnings released: ฿0.52 loss per share (vs ฿1.29 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ฿1.90b (up 13% from FY 2019). Net loss: ฿836.7m (down 140% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 22New 90-day low: ฿3.48The company is down 8.0% from its price of ฿3.80 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 30% over the same period.Is New 90 Day High Low • Nov 27New 90-day high: ฿4.00The company is up 1.0% from its price of ฿3.96 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period.Reported Earnings • Nov 18Third quarter 2020 earnings released: ฿0.08 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿450.5m (down 11% from 3Q 2019). Net loss: ฿128.8m (down 120% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 16New 90-day low: ฿3.28The company is down 27% from its price of ฿4.48 on 17 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 5.0% over the same period.収支内訳STP&I 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:STPI 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Dec 253,409195417030 Sep 253,224370372030 Jun 252,67757343031 Mar 252,1914292031 Dec 242,50791243030 Sep 243,13219227030 Jun 243,773346234031 Mar 244,026290229031 Dec 233,888201234030 Sep 233,701132233030 Jun 233,94197240031 Mar 233,924-41257031 Dec 223,784-145304030 Sep 223,61911335030 Jun 223,062136357031 Mar 222,810294367031 Dec 212,308320338030 Sep 211,832-342306030 Jun 211,616-650329031 Mar 211,621-864338031 Dec 201,763-837366030 Sep 201,707-445416030 Jun 201,731339432031 Mar 201,637340430031 Dec 191,5182,089-792030 Sep 191,6362,108-820030 Jun 191,4911,235-801031 Mar 191,3911,396-807031 Dec 181,265-629407030 Sep 18954-651364030 Jun 18796-595267031 Mar 18800-2,470980031 Dec 171,005-2,496930030 Sep 171,108-2,228919030 Jun 172,623-1,945921031 Mar 176,297558169031 Dec 169,6901,366166030 Sep 1613,3542,043168030 Jun 1613,5322,493187031 Mar 1614,8122,634204031 Dec 1513,3622,595204030 Sep 1512,7652,604207030 Jun 1513,9632,8061770質の高い収益: STPIにはTHB119.7M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st December, 2025に影響を及ぼしています。利益率の向上: STPIの現在の純利益率 (5.7%)は、昨年(3.6%)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: STPI過去 5 年間で収益を上げており、収益は年間58.7%増加しています。成長の加速: STPIの過去 1 年間の収益成長率 ( 114.5% ) は、5 年間の平均 ( 年間58.7%を上回っています。収益対業界: STPIの過去 1 年間の収益成長率 ( 114.5% ) はMetals and Mining業界-8.9%を上回りました。株主資本利益率高いROE: STPIの 自己資本利益率 ( 2.5% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 14:59終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋STP&I 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。5 アナリスト機関Prasit RattanakijkamolAsia Plus Securities Company LimitedPongrat RatanatavananandaBualuang Securities PCLPontip Kangvanpanich KozakKiatnakin Phatra Securities Public Company Limited2 その他のアナリストを表示
Reported Earnings • Mar 04Full year 2025 earnings released: EPS: ฿0.11 (vs ฿0.054 in FY 2024)Full year 2025 results: EPS: ฿0.11 (up from ฿0.054 in FY 2024). Revenue: ฿3.58b (up 43% from FY 2024). Net income: ฿195.1m (up 115% from FY 2024). Profit margin: 5.5% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.042 (vs ฿0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.042 (up from ฿0.14 loss in 3Q 2024). Revenue: ฿918.8m (up 189% from 3Q 2024). Net income: ฿76.3m (up ฿313.4m from 3Q 2024). Profit margin: 8.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.046 (vs ฿0.019 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.046 (up from ฿0.019 in 2Q 2024). Revenue: ฿989.3m (up 135% from 2Q 2024). Net income: ฿83.1m (up 172% from 2Q 2024). Profit margin: 8.4% (up from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.13 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (down from ฿0.13 in 1Q 2024). Revenue: ฿839.2m (down 26% from 1Q 2024). Net income: ฿124.6m (down 41% from 1Q 2024). Profit margin: 15% (down from 19% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.05 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.05 (down from ฿0.13 in FY 2023). Revenue: ฿2.66b (down 32% from FY 2023). Net income: ฿91.0m (down 55% from FY 2023). Profit margin: 3.4% (down from 5.1% 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 4% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.019 (vs ฿0.016 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.019 (up from ฿0.016 loss in 2Q 2023). Revenue: ฿450.4m (down 35% from 2Q 2023). Net income: ฿30.6m (up ฿55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
New Risk • Apr 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Large one-off items impacting financial results.
お知らせ • Mar 14STP&I Public Company Limited, Annual General Meeting, Apr 29, 2026STP&I Public Company Limited, Annual General Meeting, Apr 29, 2026, at 15:00 SE Asia Standard Time. Location: at the meeting room, no. 32/32, 11th floor, stecon tower (sino-thai tower), sukhumvit 21 road (asok), klong toei nuae sub-district, vadhana district, bangkok metropolis., bangkok Thailand
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 78% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Mar 04Full year 2025 earnings released: EPS: ฿0.11 (vs ฿0.054 in FY 2024)Full year 2025 results: EPS: ฿0.11 (up from ฿0.054 in FY 2024). Revenue: ฿3.58b (up 43% from FY 2024). Net income: ฿195.1m (up 115% from FY 2024). Profit margin: 5.5% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Mar 02Now 32% undervaluedOver the last 90 days, the stock has risen 28% to ฿5.00. The fair value is estimated to be ฿7.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 48%.
New Risk • Feb 26New 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 5.3% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿5.85, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 13x in the Metals and Mining industry in Thailand. Total returns to shareholders of 31% over the past three years.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿4.42, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 14x in the Metals and Mining industry in Thailand. Total returns to shareholders of 4.7% over the past three years.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.042 (vs ฿0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.042 (up from ฿0.14 loss in 3Q 2024). Revenue: ฿918.8m (up 189% from 3Q 2024). Net income: ฿76.3m (up ฿313.4m from 3Q 2024). Profit margin: 8.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Oct 22New 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 Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.046 (vs ฿0.019 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.046 (up from ฿0.019 in 2Q 2024). Revenue: ฿989.3m (up 135% from 2Q 2024). Net income: ฿83.1m (up 172% from 2Q 2024). Profit margin: 8.4% (up from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.13 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (down from ฿0.13 in 1Q 2024). Revenue: ฿839.2m (down 26% from 1Q 2024). Net income: ฿124.6m (down 41% from 1Q 2024). Profit margin: 15% (down from 19% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.76, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 16x in the Metals and Mining industry in Thailand. Total loss to shareholders of 34% over the past three years.
お知らせ • Mar 15STP&I Public Company Limited, Annual General Meeting, Apr 28, 2025STP&I Public Company Limited, Annual General Meeting, Apr 28, 2025, at 15:00 SE Asia Standard Time. Location: at the meeting room 30th floor, sino-thai tower, no. 32/60, sukhumvit 21 road-, (asoke), klongtoey nua subdistrict, wattana, district, bangkok Thailand
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.2% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿2.86, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 11x in the Metals and Mining industry in Thailand. Total loss to shareholders of 50% over the past three years.
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.05 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.05 (down from ฿0.13 in FY 2023). Revenue: ฿2.66b (down 32% from FY 2023). Net income: ฿91.0m (down 55% from FY 2023). Profit margin: 3.4% (down from 5.1% 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 4% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Mar 03Now 20% overvaluedOver the last 90 days, the stock has fallen 29% to ฿2.50. The fair value is estimated to be ฿2.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Feb 11Now 23% overvaluedOver the last 90 days, the stock has fallen 26% to ฿2.74. The fair value is estimated to be ฿2.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Nov 23New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 3.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding).
New Risk • Sep 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (10% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿3.90, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 15x in the Metals and Mining industry in Thailand. Total loss to shareholders of 12% over the past three years.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.019 (vs ฿0.016 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.019 (up from ฿0.016 loss in 2Q 2023). Revenue: ฿450.4m (down 35% from 2Q 2023). Net income: ฿30.6m (up ฿55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
New Risk • Jun 04New major risk - Revenue and earnings growthEarnings have declined by 41% 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 41% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
お知らせ • Mar 14STP&I Public Company Limited, Annual General Meeting, Apr 26, 2024STP&I Public Company Limited, Annual General Meeting, Apr 26, 2024, at 15:00 SE Asia Standard Time. Agenda: To consider and approve company financial statement for the fiscal period ended December 31, 2023; To consider non- issuance of dividends payment.
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.091 loss in FY 2022)Full year 2023 results: EPS: ฿0.13 (up from ฿0.091 loss in FY 2022). Revenue: ฿3.99b (up 5.6% from FY 2022). Net income: ฿201.0m (up ฿345.9m from FY 2022). Profit margin: 5.0% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.034 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (up from ฿0.034 in 3Q 2022). Revenue: ฿1.00b (down 16% from 3Q 2022). Net income: ฿89.6m (up 65% from 3Q 2022). Profit margin: 8.9% (up from 4.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.80, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 18x in the Metals and Mining industry in Thailand. Total loss to shareholders of 14% over the past three years.
Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.016 loss per share (vs ฿0.10 loss in 2Q 2022)Second quarter 2023 results: ฿0.016 loss per share (improved from ฿0.10 loss in 2Q 2022). Revenue: ฿703.0m (up 2.6% from 2Q 2022). Net loss: ฿25.2m (loss narrowed 85% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.012 in 1Q 2022)First quarter 2023 results: EPS: ฿0.08 (up from ฿0.012 in 1Q 2022). Revenue: ฿994.9m (up 21% from 1Q 2022). Net income: ฿122.3m (up ฿103.8m from 1Q 2022). Profit margin: 12% (up from 2.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.034 (vs ฿0.11 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.034 (down from ฿0.11 in 3Q 2021). Revenue: ฿1.17b (up 89% from 3Q 2021). Net income: ฿54.2m (down 70% from 3Q 2021). Profit margin: 4.6% (down from 29% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirangrong Chowiwatana was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improved over the past weekAfter last week's 24% share price gain to ฿4.26, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total loss to shareholders of 36% over the past three years.
Reported Earnings • Aug 18Second quarter 2022 earnings released: ฿0.10 loss per share (vs ฿0.003 loss in 2Q 2021)Second quarter 2022 results: ฿0.10 loss per share (down from ฿0.003 loss in 2Q 2021). Revenue: ฿686.2m (up 73% from 2Q 2021). Net loss: ฿162.9m (loss widened ฿158.2m from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ฿0.01 (down from ฿0.028 in 1Q 2021). Revenue: ฿839.4m (up 157% from 1Q 2021). Net income: ฿18.5m (down 58% from 1Q 2021). Profit margin: 2.2% (down from 14% in 1Q 2021). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates. 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.
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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sirangrong Chowiwatana was the last independent director to join the board, commencing their role in 2017. 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 • Mar 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.20 (up from ฿0.52 loss in FY 2020). Revenue: ฿2.69b (up 53% from FY 2020). Net income: ฿320.3m (up ฿1.16b from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.08 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿648.1m (up 53% from 3Q 2020). Net income: ฿179.5m (up ฿308.3m from 3Q 2020). Profit margin: 28% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.08 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿648.1m (up 53% from 3Q 2020). Net income: ฿179.5m (up ฿308.3m from 3Q 2020). Profit margin: 28% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: ฿0.003 loss per share (vs ฿0.14 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿426.8m (up 2.9% from 2Q 2020). Net loss: ฿4.76m (loss narrowed 98% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.044 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿353.6m (down 27% from 1Q 2020). Net income: ฿44.3m (down 38% from 1Q 2020). Profit margin: 13% (down from 15% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 03Full year 2020 earnings released: ฿0.52 loss per share (vs ฿1.29 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ฿1.90b (up 13% from FY 2019). Net loss: ฿836.7m (down 140% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 22New 90-day low: ฿3.48The company is down 8.0% from its price of ฿3.80 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 30% over the same period.
Is New 90 Day High Low • Nov 27New 90-day high: ฿4.00The company is up 1.0% from its price of ฿3.96 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period.
Reported Earnings • Nov 18Third quarter 2020 earnings released: ฿0.08 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿450.5m (down 11% from 3Q 2019). Net loss: ฿128.8m (down 120% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 16New 90-day low: ฿3.28The company is down 27% from its price of ฿4.48 on 17 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 5.0% over the same period.