View ValuationThai Coating Industrial 将来の成長Future 基準チェック /06現在、 Thai Coating Industrialの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Packaging 収益成長24.0%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • 6hFirst quarter 2026 earnings released: EPS: ฿0.33 (vs ฿0.29 loss in 1Q 2025)First quarter 2026 results: EPS: ฿0.33 (up from ฿0.29 loss in 1Q 2025). Revenue: ฿177.1m (down 11% from 1Q 2025). Net income: ฿3.44m (up ฿6.50m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Board Change • May 13Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 29Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Declared Dividend • Mar 24Dividend of ฿0.50 announcedDividend of ฿0.50 is the same as last year. Ex-date: 8th April 2026 Payment date: 26th May 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.7%.お知らせ • Mar 22Thai Coating Industrial Public Company Limited announces Annual dividend, payable on May 26, 2026Thai Coating Industrial Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 26, 2026, ex-date on April 08, 2026 and record date on April 09, 2026.お知らせ • Mar 20Thai Coating Industrial Public Company Limited, Annual General Meeting, Apr 30, 2026Thai Coating Industrial Public Company Limited, Annual General Meeting, Apr 30, 2026, at 10:30 SE Asia Standard Time. Location: at thai coating industrial public company limited, 99/9 moo 5 sai 304 road , nongprong , srimahapo, prachinburi 25140, ThailandBoard Change • Mar 17Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jan 05Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Dec 11Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: ฿0.34 (vs ฿0.36 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.34 (down from ฿0.36 in 3Q 2024). Revenue: ฿158.1m (down 5.1% from 3Q 2024). Net income: ฿3.58m (down 5.5% from 3Q 2024). Profit margin: 2.3% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Board Change • Sep 10Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Aug 21Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.47 (vs ฿0.30 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.47 (up from ฿0.30 in 2Q 2024). Revenue: ฿196.3m (up 10% from 2Q 2024). Net income: ฿4.91m (up 55% from 2Q 2024). Profit margin: 2.5% (up from 1.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Board Change • Aug 05Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jul 22Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jun 12Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 17First quarter 2025 earnings released: ฿0.29 loss per share (vs ฿0.41 profit in 1Q 2024)First quarter 2025 results: ฿0.29 loss per share (down from ฿0.41 profit in 1Q 2024). Revenue: ฿200.0m (down 4.4% from 1Q 2024). Net loss: ฿3.05m (down 171% from profit in 1Q 2024). 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 5% per year, which means it is significantly lagging earnings.Board Change • May 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 30Thai Coating Industrial Public Company Limited Approves Dividend for Year 2025, Payable on May 26 , 2025Thai Coating Industrial Public Company Limited at the AGM held on April 30, 2025, approved allocate net profit for legal reserves to pay dividends for year 2025 at THB 0.50 per share from unappropriated retained earning to 20% corporate income tax on May 26, 2025.Declared Dividend • Mar 17Dividend of ฿0.50 announcedDividend of ฿0.50 is the same as last year. Ex-date: 4th April 2025 Payment date: 26th May 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 36% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.お知らせ • Mar 15+ 1 more updateThai Coating Industrial Public Company Limited announces Annual dividend, payable on May 26, 2025Thai Coating Industrial Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 26, 2025, ex-date on April 04, 2025 and record date on April 08, 2025.New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% 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 Risks Shares are highly illiquid. Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (฿256.2m market cap, or US$7.60m). Minor Risk Large one-off items impacting financial results.Reported Earnings • Mar 03Full year 2024 earnings released: EPS: ฿0.33 (vs ฿0.30 in FY 2023)Full year 2024 results: EPS: ฿0.33 (up from ฿0.30 in FY 2023). Revenue: ฿692.2m (flat on FY 2023). Net income: ฿3.50m (up 9.8% from FY 2023). Profit margin: 0.5% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿27.50, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 9x in the Packaging industry in Thailand. Total loss to shareholders of 9.8% over the past three years.Board Change • Jan 06Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ฿31.75, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 11x in the Packaging industry in Thailand. Total returns to shareholders of 18% over the past three years.Board Change • Sep 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 107% 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 Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (฿267.8m market cap, or US$7.35m). Minor Risk Large one-off items impacting financial results.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.41 (vs ฿0.32 in 1Q 2023)First quarter 2024 results: EPS: ฿0.41 (up from ฿0.32 in 1Q 2023). Revenue: ฿209.9m (up 1.6% from 1Q 2023). Net income: ฿4.32m (up 28% from 1Q 2023). Profit margin: 2.1% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Apr 30Thai Coating Industrial Public Company Limited Approves Dividend for Year 2024, Payable on May 24, 2024Thai Coating Industrial Public Company Limited at the AGM held on April 29, 2024, approved allocate net profit for legal reserves to pay dividends for year 2024 at THB 0.50 per share from unappropriated retained earning to 20% corporate income tax on May 24, 2024.Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 28Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 04 April 2024. Payment date: 24 May 2024. The company last paid an ordinary dividend in May 2013. The average dividend yield among industry peers is 2.8%.お知らせ • Mar 22+ 1 more updateThai Coating Industrial Public Company Limited, Annual General Meeting, Apr 29, 2024Thai Coating Industrial Public Company Limited, Annual General Meeting, Apr 29, 2024, at 10:30 SE Asia Standard Time. Location: Thai coating Industrial Public Company Limited 99/9 Moo 5 Sai 304 Road, Nongprong, Srimahapo, Prachinburi Thailand Agenda: To consider certify the minutes of the ordinary general meeting (#1/2023) held on April 28,2023; To acknowledge the overall operations of the Company for 2023; Approve the Company's balance sheets, profit and loss statements as at December 31,2023; To acknowledge and approve dividend payment for the year 2024; To consider the re-appoint the directors replacing those retired by rotation And their remuneration for the year 2024; To appoint the auditors and fix the auditor's fee for the year 2024; Other matters. ( if any ).New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 107% 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 Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (฿248.9m market cap, or US$7.03m). Minor Risk Large one-off items impacting financial results.Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.30 (vs ฿0.58 loss in FY 2022)Full year 2023 results: EPS: ฿0.30 (up from ฿0.58 loss in FY 2022). Revenue: ฿692.4m (down 13% from FY 2022). Net income: ฿3.19m (up ฿9.25m from FY 2022). Profit margin: 0.5% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Mar 01Now 22% undervaluedOver the last 90 days, the stock has risen 8.2% to ฿25.00. The fair value is estimated to be ฿31.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Feb 29Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿31.00, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 14x in the Packaging industry in Thailand. Total returns to shareholders of 23% over the past three years.Board Change • Feb 09Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 16Third quarter 2023 earnings released: ฿0.096 loss per share (vs ฿0.65 loss in 3Q 2022)Third quarter 2023 results: ฿0.096 loss per share (improved from ฿0.65 loss in 3Q 2022). Revenue: ฿159.3m (down 23% from 3Q 2022). Net loss: ฿1.00m (loss narrowed 85% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Board Change • Sep 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.28 (vs ฿0.15 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.28 (up from ฿0.15 loss in 2Q 2022). Revenue: ฿178.4m (down 14% from 2Q 2022). Net income: ฿2.90m (up ฿4.43m from 2Q 2022). Profit margin: 1.6% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Reported Earnings • May 20First quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.031 in 1Q 2022)First quarter 2023 results: EPS: ฿0.32 (up from ฿0.031 in 1Q 2022). Revenue: ฿207.4m (up 13% from 1Q 2022). Net income: ฿3.38m (up ฿3.05m from 1Q 2022). Profit margin: 1.6% (up from 0.2% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.Board Change • Jan 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 20Third quarter 2022 earnings released: ฿0.65 loss per share (vs ฿0.17 profit in 3Q 2021)Third quarter 2022 results: ฿0.65 loss per share (down from ฿0.17 profit in 3Q 2021). Revenue: ฿208.0m (up 22% from 3Q 2021). Net loss: ฿6.78m (down 469% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Aug 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 17Second quarter 2022 earnings released: ฿0.15 loss per share (vs ฿0.43 profit in 2Q 2021)Second quarter 2022 results: ฿0.15 loss per share (down from ฿0.43 profit in 2Q 2021). Revenue: ฿207.2m (up 2.4% from 2Q 2021). Net loss: ฿1.54m (down 134% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Board Change • Jul 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 24Thai Coating Industrial Public Company Limited Announces Board and Committee ChangesThe Board of Director's Meeting No 2/2022 of Thai coating industrial public company limited. Held on June 21, 2022 passed the following resolutions: Associate Professor Pranam Kowinwipat Independent Director, Member of the Audit Committee and Chairman of the Audit Committee, Associate Professor Dr.Burmroong Sukphan Independent Director and Member of the Audit Committee, Appointment of 2 new directors, which shall be effective on 21 June 2022 as follow: Mr. Weera Punpisootchai Independent Director and Member of the Audit Committee, Mr.Suraphol Tisayukata Independent Director and Member of the Audit Committee and approved the appointment of Dr. Wichai Laohmatvanich to be the Chairman of the Audit Committee of the company in place of Associate Professor Pranam Kowinwipat who has resigned from his position. This appointment is effective from June 21,2022.Board Change • May 31Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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 28Upcoming dividend of ฿0.55 per shareEligible shareholders must have bought the stock before 04 April 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.3%).Board Change • Mar 14Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.42 (down from ฿1.16 in FY 2020). Revenue: ฿722.7m (up 3.9% from FY 2020). Net income: ฿4.39m (down 64% from FY 2020). Profit margin: 0.6% (down from 1.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 40% 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.Board Change • Jan 21Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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 • Nov 18Third quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.77 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿170.1m (down 1.0% from 3Q 2020). Net income: ฿1.84m (down 77% from 3Q 2020). Profit margin: 1.1% (down from 4.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Board Change • Nov 01Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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 19Second quarter 2021 earnings released: EPS ฿0.43 (vs ฿0.48 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿202.3m (up 9.0% from 2Q 2020). Net income: ฿4.56m (down 8.9% from 2Q 2020). Profit margin: 2.3% (down from 2.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.26 (vs ฿0.24 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ฿200.9m (up 1.3% from 1Q 2020). Net income: ฿2.68m (up 7.5% from 1Q 2020). Profit margin: 1.3% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Apr 30Thai Coating Industrial Public Company Limited Approves Dividend for the Year 2021Thai Coating Industrial Public Company Limited approved the dividends for year 2021 at THB 0.90 per share from Unappropriated Retained Earning of net profit Promoted Operations on May 25, 2021 at its AGM held on April 29, 2021.Upcoming Dividend • Mar 29Upcoming dividend of ฿0.90 per shareEligible shareholders must have bought the stock before 05 April 2021. Payment date: 25 May 2021. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (2.0%).Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿1.16 (vs ฿0.69 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: ฿695.8m (down 10% from FY 2019). Net income: ฿12.2m (up 67% from FY 2019). Profit margin: 1.7% (up from 0.9% 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 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Thai Coating Industrial は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:TCOAT - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20266473-2315N/A12/31/2025670-3-59-22N/A9/30/2025687-2-77-55N/A6/30/2025696-2-39-22N/A3/31/2025679-43746N/A12/31/202468944253N/A9/30/2024700989102N/A6/30/20246924429N/A3/31/20246924-178N/A12/31/20236893331N/A9/30/202374171439N/A6/30/2023789190103N/A3/31/2023817-32434N/A12/31/2022793-6-134N/A9/30/2022744-131538N/A6/30/2022706-4-50-25N/A3/31/20227022-916N/A12/31/20217204-514N/A9/30/20217116-31-13N/A6/30/2021714123050N/A3/31/2021697121334N/A12/31/20206951287103N/A9/30/20207531379100N/A6/30/2020771105492N/A3/31/202079384682N/A12/31/20197767N/A23N/A9/30/201973911N/A24N/A6/30/201973512N/A8N/A3/31/201972623N/A26N/A12/31/201874432N/A64N/A9/30/201872832N/A81N/A6/30/201871133N/A23N/A3/31/201869421N/A90N/A12/31/201769917N/A43N/A9/30/201771121N/A22N/A6/30/201772530N/A117N/A3/31/201773045N/A54N/A12/31/201672645N/A72N/A9/30/201673350N/A10N/A6/30/201672443N/A62N/A3/31/201673731N/A57N/A12/31/201574727N/A103N/A9/30/20157897N/A141N/A6/30/2015816-1N/A45N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TCOATの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: TCOATの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: TCOATの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: TCOATの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: TCOATの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TCOATの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 16:37終値2026/05/13 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Thai Coating Industrial 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 • 6hFirst quarter 2026 earnings released: EPS: ฿0.33 (vs ฿0.29 loss in 1Q 2025)First quarter 2026 results: EPS: ฿0.33 (up from ฿0.29 loss in 1Q 2025). Revenue: ฿177.1m (down 11% from 1Q 2025). Net income: ฿3.44m (up ฿6.50m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Board Change • May 13Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 29Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Declared Dividend • Mar 24Dividend of ฿0.50 announcedDividend of ฿0.50 is the same as last year. Ex-date: 8th April 2026 Payment date: 26th May 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.7%.
お知らせ • Mar 22Thai Coating Industrial Public Company Limited announces Annual dividend, payable on May 26, 2026Thai Coating Industrial Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 26, 2026, ex-date on April 08, 2026 and record date on April 09, 2026.
お知らせ • Mar 20Thai Coating Industrial Public Company Limited, Annual General Meeting, Apr 30, 2026Thai Coating Industrial Public Company Limited, Annual General Meeting, Apr 30, 2026, at 10:30 SE Asia Standard Time. Location: at thai coating industrial public company limited, 99/9 moo 5 sai 304 road , nongprong , srimahapo, prachinburi 25140, Thailand
Board Change • Mar 17Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jan 05Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Dec 11Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: ฿0.34 (vs ฿0.36 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.34 (down from ฿0.36 in 3Q 2024). Revenue: ฿158.1m (down 5.1% from 3Q 2024). Net income: ฿3.58m (down 5.5% from 3Q 2024). Profit margin: 2.3% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Board Change • Sep 10Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Aug 21Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.47 (vs ฿0.30 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.47 (up from ฿0.30 in 2Q 2024). Revenue: ฿196.3m (up 10% from 2Q 2024). Net income: ฿4.91m (up 55% from 2Q 2024). Profit margin: 2.5% (up from 1.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Board Change • Aug 05Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jul 22Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jun 12Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 17First quarter 2025 earnings released: ฿0.29 loss per share (vs ฿0.41 profit in 1Q 2024)First quarter 2025 results: ฿0.29 loss per share (down from ฿0.41 profit in 1Q 2024). Revenue: ฿200.0m (down 4.4% from 1Q 2024). Net loss: ฿3.05m (down 171% from profit in 1Q 2024). 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 5% per year, which means it is significantly lagging earnings.
Board Change • May 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 30Thai Coating Industrial Public Company Limited Approves Dividend for Year 2025, Payable on May 26 , 2025Thai Coating Industrial Public Company Limited at the AGM held on April 30, 2025, approved allocate net profit for legal reserves to pay dividends for year 2025 at THB 0.50 per share from unappropriated retained earning to 20% corporate income tax on May 26, 2025.
Declared Dividend • Mar 17Dividend of ฿0.50 announcedDividend of ฿0.50 is the same as last year. Ex-date: 4th April 2025 Payment date: 26th May 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 36% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.
お知らせ • Mar 15+ 1 more updateThai Coating Industrial Public Company Limited announces Annual dividend, payable on May 26, 2025Thai Coating Industrial Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 26, 2025, ex-date on April 04, 2025 and record date on April 08, 2025.
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% 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 Risks Shares are highly illiquid. Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (฿256.2m market cap, or US$7.60m). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: ฿0.33 (vs ฿0.30 in FY 2023)Full year 2024 results: EPS: ฿0.33 (up from ฿0.30 in FY 2023). Revenue: ฿692.2m (flat on FY 2023). Net income: ฿3.50m (up 9.8% from FY 2023). Profit margin: 0.5% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿27.50, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 9x in the Packaging industry in Thailand. Total loss to shareholders of 9.8% over the past three years.
Board Change • Jan 06Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ฿31.75, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 11x in the Packaging industry in Thailand. Total returns to shareholders of 18% over the past three years.
Board Change • Sep 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 107% 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 Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (฿267.8m market cap, or US$7.35m). Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.41 (vs ฿0.32 in 1Q 2023)First quarter 2024 results: EPS: ฿0.41 (up from ฿0.32 in 1Q 2023). Revenue: ฿209.9m (up 1.6% from 1Q 2023). Net income: ฿4.32m (up 28% from 1Q 2023). Profit margin: 2.1% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 30Thai Coating Industrial Public Company Limited Approves Dividend for Year 2024, Payable on May 24, 2024Thai Coating Industrial Public Company Limited at the AGM held on April 29, 2024, approved allocate net profit for legal reserves to pay dividends for year 2024 at THB 0.50 per share from unappropriated retained earning to 20% corporate income tax on May 24, 2024.
Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 28Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 04 April 2024. Payment date: 24 May 2024. The company last paid an ordinary dividend in May 2013. The average dividend yield among industry peers is 2.8%.
お知らせ • Mar 22+ 1 more updateThai Coating Industrial Public Company Limited, Annual General Meeting, Apr 29, 2024Thai Coating Industrial Public Company Limited, Annual General Meeting, Apr 29, 2024, at 10:30 SE Asia Standard Time. Location: Thai coating Industrial Public Company Limited 99/9 Moo 5 Sai 304 Road, Nongprong, Srimahapo, Prachinburi Thailand Agenda: To consider certify the minutes of the ordinary general meeting (#1/2023) held on April 28,2023; To acknowledge the overall operations of the Company for 2023; Approve the Company's balance sheets, profit and loss statements as at December 31,2023; To acknowledge and approve dividend payment for the year 2024; To consider the re-appoint the directors replacing those retired by rotation And their remuneration for the year 2024; To appoint the auditors and fix the auditor's fee for the year 2024; Other matters. ( if any ).
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 107% 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 Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (฿248.9m market cap, or US$7.03m). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.30 (vs ฿0.58 loss in FY 2022)Full year 2023 results: EPS: ฿0.30 (up from ฿0.58 loss in FY 2022). Revenue: ฿692.4m (down 13% from FY 2022). Net income: ฿3.19m (up ฿9.25m from FY 2022). Profit margin: 0.5% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Mar 01Now 22% undervaluedOver the last 90 days, the stock has risen 8.2% to ฿25.00. The fair value is estimated to be ฿31.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Feb 29Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿31.00, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 14x in the Packaging industry in Thailand. Total returns to shareholders of 23% over the past three years.
Board Change • Feb 09Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 16Third quarter 2023 earnings released: ฿0.096 loss per share (vs ฿0.65 loss in 3Q 2022)Third quarter 2023 results: ฿0.096 loss per share (improved from ฿0.65 loss in 3Q 2022). Revenue: ฿159.3m (down 23% from 3Q 2022). Net loss: ฿1.00m (loss narrowed 85% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Board Change • Sep 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.28 (vs ฿0.15 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.28 (up from ฿0.15 loss in 2Q 2022). Revenue: ฿178.4m (down 14% from 2Q 2022). Net income: ฿2.90m (up ฿4.43m from 2Q 2022). Profit margin: 1.6% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 20First quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.031 in 1Q 2022)First quarter 2023 results: EPS: ฿0.32 (up from ฿0.031 in 1Q 2022). Revenue: ฿207.4m (up 13% from 1Q 2022). Net income: ฿3.38m (up ฿3.05m from 1Q 2022). Profit margin: 1.6% (up from 0.2% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
Board Change • Jan 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 20Third quarter 2022 earnings released: ฿0.65 loss per share (vs ฿0.17 profit in 3Q 2021)Third quarter 2022 results: ฿0.65 loss per share (down from ฿0.17 profit in 3Q 2021). Revenue: ฿208.0m (up 22% from 3Q 2021). Net loss: ฿6.78m (down 469% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Aug 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 17Second quarter 2022 earnings released: ฿0.15 loss per share (vs ฿0.43 profit in 2Q 2021)Second quarter 2022 results: ฿0.15 loss per share (down from ฿0.43 profit in 2Q 2021). Revenue: ฿207.2m (up 2.4% from 2Q 2021). Net loss: ฿1.54m (down 134% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Board Change • Jul 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Weera Punpisootchai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 24Thai Coating Industrial Public Company Limited Announces Board and Committee ChangesThe Board of Director's Meeting No 2/2022 of Thai coating industrial public company limited. Held on June 21, 2022 passed the following resolutions: Associate Professor Pranam Kowinwipat Independent Director, Member of the Audit Committee and Chairman of the Audit Committee, Associate Professor Dr.Burmroong Sukphan Independent Director and Member of the Audit Committee, Appointment of 2 new directors, which shall be effective on 21 June 2022 as follow: Mr. Weera Punpisootchai Independent Director and Member of the Audit Committee, Mr.Suraphol Tisayukata Independent Director and Member of the Audit Committee and approved the appointment of Dr. Wichai Laohmatvanich to be the Chairman of the Audit Committee of the company in place of Associate Professor Pranam Kowinwipat who has resigned from his position. This appointment is effective from June 21,2022.
Board Change • May 31Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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 28Upcoming dividend of ฿0.55 per shareEligible shareholders must have bought the stock before 04 April 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.3%).
Board Change • Mar 14Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.42 (down from ฿1.16 in FY 2020). Revenue: ฿722.7m (up 3.9% from FY 2020). Net income: ฿4.39m (down 64% from FY 2020). Profit margin: 0.6% (down from 1.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 40% 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.
Board Change • Jan 21Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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 • Nov 18Third quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.77 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿170.1m (down 1.0% from 3Q 2020). Net income: ฿1.84m (down 77% from 3Q 2020). Profit margin: 1.1% (down from 4.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Board Change • Nov 01Less 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. 7 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Chokchai Charoensiriwataanaa was the last director to join the board, commencing their role in 2011. 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 19Second quarter 2021 earnings released: EPS ฿0.43 (vs ฿0.48 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿202.3m (up 9.0% from 2Q 2020). Net income: ฿4.56m (down 8.9% from 2Q 2020). Profit margin: 2.3% (down from 2.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.26 (vs ฿0.24 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ฿200.9m (up 1.3% from 1Q 2020). Net income: ฿2.68m (up 7.5% from 1Q 2020). Profit margin: 1.3% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 30Thai Coating Industrial Public Company Limited Approves Dividend for the Year 2021Thai Coating Industrial Public Company Limited approved the dividends for year 2021 at THB 0.90 per share from Unappropriated Retained Earning of net profit Promoted Operations on May 25, 2021 at its AGM held on April 29, 2021.
Upcoming Dividend • Mar 29Upcoming dividend of ฿0.90 per shareEligible shareholders must have bought the stock before 05 April 2021. Payment date: 25 May 2021. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (2.0%).
Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿1.16 (vs ฿0.69 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: ฿695.8m (down 10% from FY 2019). Net income: ฿12.2m (up 67% from FY 2019). Profit margin: 1.7% (up from 0.9% 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 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings.