View ValuationThai-German Products 将来の成長Future 基準チェック /06現在、 Thai-German Products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Metals and Mining 収益成長22.8%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 updatesNew Risk • Mar 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿28m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (฿188.8m market cap, or US$5.97m).Reported Earnings • Mar 05Full year 2025 earnings released: ฿0.031 loss per share (vs ฿0.034 loss in FY 2024)Full year 2025 results: ฿0.031 loss per share (improved from ฿0.034 loss in FY 2024). Revenue: ฿1.37b (down 6.4% from FY 2024). Net loss: ฿146.3m (loss narrowed 9.4% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 02Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026, at 11:00 SE Asia Standard Time.Buy Or Sell Opportunity • Feb 23Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Feb 05Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jan 20Now 44% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿0.05. The fair value is estimated to be ฿0.035, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.003 loss in 3Q 2024)Third quarter 2025 results: ฿0.007 loss per share (further deteriorated from ฿0.003 loss in 3Q 2024). Revenue: ฿327.6m (down 25% from 3Q 2024). Net loss: ฿35.3m (loss widened 142% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 38% per year.Reported Earnings • Aug 16Second quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: ฿0.004 loss per share (improved from ฿0.009 loss in 2Q 2024). Revenue: ฿366.8m (up 12% from 2Q 2024). Net loss: ฿18.9m (loss narrowed 58% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.お知らせ • Aug 15Thai-German Products Public Company Limited to Report First Half, 2025 Results on Aug 14, 2025Thai-German Products Public Company Limited announced that they will report first half, 2025 results on Aug 14, 2025Reported Earnings • May 17First quarter 2025 earnings released: ฿0.006 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.006 loss per share (improved from ฿0.01 loss in 1Q 2024). Revenue: ฿356.9m (up 3.5% from 1Q 2024). Net loss: ฿30.0m (loss narrowed 40% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.034 loss per share (vs ฿0.058 loss in FY 2023)Full year 2024 results: ฿0.034 loss per share (improved from ฿0.058 loss in FY 2023). Revenue: ฿1.47b (down 5.9% from FY 2023). Net loss: ฿161.5m (loss narrowed 41% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.お知らせ • Mar 01Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025, at 11:00 SE Asia Standard Time.New Risk • Jan 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.52m).New Risk • Aug 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.45m).Reported Earnings • Aug 14Second quarter 2024 earnings released: ฿0.009 loss per share (vs ฿0.013 loss in 2Q 2023)Second quarter 2024 results: ฿0.009 loss per share (improved from ฿0.013 loss in 2Q 2023). Revenue: ฿329.0m (down 9.2% from 2Q 2023). Net loss: ฿44.8m (loss narrowed 30% from 2Q 2023). 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 • May 17First quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.008 loss in 1Q 2023)First quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.008 loss in 1Q 2023). Revenue: ฿344.9m (down 26% from 1Q 2023). Net loss: ฿49.5m (loss widened 36% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.058 loss per share (vs ฿0.005 profit in FY 2022)Full year 2023 results: ฿0.058 loss per share (down from ฿0.005 profit in FY 2022). Revenue: ฿1.56b (down 17% from FY 2022). Net loss: ฿272.4m (down ฿295.8m from profit in FY 2022). 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 18Third quarter 2023 earnings released: ฿0.019 loss per share (vs ฿0.001 loss in 3Q 2022)Third quarter 2023 results: ฿0.019 loss per share (further deteriorated from ฿0.001 loss in 3Q 2022). Revenue: ฿404.6m (down 15% from 3Q 2022). Net loss: ฿87.7m (loss widened ฿83.9m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.006 profit in 2Q 2022)Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.006 profit in 2Q 2022). Revenue: ฿362.4m (down 29% from 2Q 2022). Net loss: ฿63.8m (down 333% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 19First quarter 2023 earnings released: ฿77.00 loss per share (vs ฿0.005 profit in 1Q 2022)First quarter 2023 results: ฿77.00 loss per share (down from ฿0.005 profit in 1Q 2022). Revenue: ฿467.2m (up 1.0% from 1Q 2022). Net loss: ฿36.3m (down 252% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.006 (vs ฿0.007 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.006 (down from ฿0.007 in 2Q 2021). Revenue: ฿513.5m (up 19% from 2Q 2021). Net income: ฿27.4m (down 20% from 2Q 2021). Profit margin: 5.3% (down from 8.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Mar 02Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.018 (up from ฿0.012 loss in FY 2020). Revenue: ฿1.78b (up 12% from FY 2020). Net income: ฿84.3m (up ฿142.7m from FY 2020). Profit margin: 4.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 200%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.003 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿471.5m (up 17% from 3Q 2020). Net income: ฿31.8m (up ฿44.3m from 3Q 2020). Profit margin: 6.7% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 18First quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.012 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ฿380.7m (down 3.6% from 1Q 2020). Net loss: ฿8.80m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Mar 02Full year 2020 earnings released: ฿0.012 loss per share (vs ฿0.036 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ฿1.59b (up 5.4% from FY 2019). Net loss: ฿58.4m (loss narrowed 66% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 15Third quarter 2020 earnings released: ฿0.003 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ฿403.4m (down 3.6% from 3Q 2019). Net loss: ฿12.5m (loss narrowed 74% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as 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-German Products 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:TGPRO - 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3/31/20261,441-143-30-28N/A12/31/20251,372-146-28-11N/A9/30/20251,410-1372447N/A6/30/20251,516-116-407N/A3/31/20251,478-142-1444N/A12/31/20241,467-161748N/A9/30/20241,432-1931550N/A6/30/20241,402-267163175N/A3/31/20241,435-286240242N/A12/31/20231,558-272231236N/A9/30/20231,666-212203213N/A6/30/20231,738-1284864N/A3/31/20231,889-377492N/A12/31/20221,88523-22-4N/A9/30/20221,948742137N/A6/30/20221,943110110122N/A3/31/20221,8611172942N/A12/31/20211,77984103115N/A9/30/20211,687695467N/A6/30/20211,619252847N/A3/31/20211,569-9-90-113N/A12/31/20201,583-58-118-91N/A9/30/20201,518-123-145-114N/A6/30/20201,533-158-151-119N/A3/31/20201,496-20539112N/A12/31/20191,504-172N/A137N/A9/30/20191,551-125N/A158N/A6/30/20191,554-75N/A113N/A3/31/20191,649-24N/A62N/A12/31/20181,6701N/A19N/A9/30/20181,5744N/A-10N/A6/30/20181,6103N/A20N/A3/31/20181,5724N/A-85N/A12/31/20171,4827N/A-83N/A9/30/20171,5462N/A44N/A6/30/20171,47337N/A0N/A3/31/20171,35753N/A101N/A12/31/20161,3384N/A96N/A9/30/20161,275-39N/A26N/A6/30/20161,258-119N/A121N/A3/31/20161,346-167N/A-8N/A12/31/20151,416-133N/A1N/A9/30/20151,469-81N/A-89N/A6/30/20151,520-26N/A-190N/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: TGPRO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: TGPRO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: TGPRO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: TGPRO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: TGPRO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: TGPRO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 23:02終値2026/05/21 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-German Products 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。1 アナリスト機関Wikij TirawannaratBualuang Securities PCL
New Risk • Mar 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿28m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (฿188.8m market cap, or US$5.97m).
Reported Earnings • Mar 05Full year 2025 earnings released: ฿0.031 loss per share (vs ฿0.034 loss in FY 2024)Full year 2025 results: ฿0.031 loss per share (improved from ฿0.034 loss in FY 2024). Revenue: ฿1.37b (down 6.4% from FY 2024). Net loss: ฿146.3m (loss narrowed 9.4% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 02Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026, at 11:00 SE Asia Standard Time.
Buy Or Sell Opportunity • Feb 23Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Feb 05Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jan 20Now 44% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿0.05. The fair value is estimated to be ฿0.035, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.003 loss in 3Q 2024)Third quarter 2025 results: ฿0.007 loss per share (further deteriorated from ฿0.003 loss in 3Q 2024). Revenue: ฿327.6m (down 25% from 3Q 2024). Net loss: ฿35.3m (loss widened 142% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 38% per year.
Reported Earnings • Aug 16Second quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: ฿0.004 loss per share (improved from ฿0.009 loss in 2Q 2024). Revenue: ฿366.8m (up 12% from 2Q 2024). Net loss: ฿18.9m (loss narrowed 58% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 15Thai-German Products Public Company Limited to Report First Half, 2025 Results on Aug 14, 2025Thai-German Products Public Company Limited announced that they will report first half, 2025 results on Aug 14, 2025
Reported Earnings • May 17First quarter 2025 earnings released: ฿0.006 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.006 loss per share (improved from ฿0.01 loss in 1Q 2024). Revenue: ฿356.9m (up 3.5% from 1Q 2024). Net loss: ฿30.0m (loss narrowed 40% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.034 loss per share (vs ฿0.058 loss in FY 2023)Full year 2024 results: ฿0.034 loss per share (improved from ฿0.058 loss in FY 2023). Revenue: ฿1.47b (down 5.9% from FY 2023). Net loss: ฿161.5m (loss narrowed 41% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 01Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025, at 11:00 SE Asia Standard Time.
New Risk • Jan 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.52m).
New Risk • Aug 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.45m).
Reported Earnings • Aug 14Second quarter 2024 earnings released: ฿0.009 loss per share (vs ฿0.013 loss in 2Q 2023)Second quarter 2024 results: ฿0.009 loss per share (improved from ฿0.013 loss in 2Q 2023). Revenue: ฿329.0m (down 9.2% from 2Q 2023). Net loss: ฿44.8m (loss narrowed 30% from 2Q 2023). 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 • May 17First quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.008 loss in 1Q 2023)First quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.008 loss in 1Q 2023). Revenue: ฿344.9m (down 26% from 1Q 2023). Net loss: ฿49.5m (loss widened 36% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.058 loss per share (vs ฿0.005 profit in FY 2022)Full year 2023 results: ฿0.058 loss per share (down from ฿0.005 profit in FY 2022). Revenue: ฿1.56b (down 17% from FY 2022). Net loss: ฿272.4m (down ฿295.8m from profit in FY 2022). 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 18Third quarter 2023 earnings released: ฿0.019 loss per share (vs ฿0.001 loss in 3Q 2022)Third quarter 2023 results: ฿0.019 loss per share (further deteriorated from ฿0.001 loss in 3Q 2022). Revenue: ฿404.6m (down 15% from 3Q 2022). Net loss: ฿87.7m (loss widened ฿83.9m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.006 profit in 2Q 2022)Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.006 profit in 2Q 2022). Revenue: ฿362.4m (down 29% from 2Q 2022). Net loss: ฿63.8m (down 333% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 19First quarter 2023 earnings released: ฿77.00 loss per share (vs ฿0.005 profit in 1Q 2022)First quarter 2023 results: ฿77.00 loss per share (down from ฿0.005 profit in 1Q 2022). Revenue: ฿467.2m (up 1.0% from 1Q 2022). Net loss: ฿36.3m (down 252% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.006 (vs ฿0.007 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.006 (down from ฿0.007 in 2Q 2021). Revenue: ฿513.5m (up 19% from 2Q 2021). Net income: ฿27.4m (down 20% from 2Q 2021). Profit margin: 5.3% (down from 8.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 02Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.018 (up from ฿0.012 loss in FY 2020). Revenue: ฿1.78b (up 12% from FY 2020). Net income: ฿84.3m (up ฿142.7m from FY 2020). Profit margin: 4.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 200%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.003 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿471.5m (up 17% from 3Q 2020). Net income: ฿31.8m (up ฿44.3m from 3Q 2020). Profit margin: 6.7% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 18First quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.012 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ฿380.7m (down 3.6% from 1Q 2020). Net loss: ฿8.80m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 02Full year 2020 earnings released: ฿0.012 loss per share (vs ฿0.036 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ฿1.59b (up 5.4% from FY 2019). Net loss: ฿58.4m (loss narrowed 66% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 15Third quarter 2020 earnings released: ฿0.003 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ฿403.4m (down 3.6% from 3Q 2019). Net loss: ฿12.5m (loss narrowed 74% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.