View Future GrowthThai Rubber Latex Group 過去の業績過去 基準チェック /06Thai Rubber Latex Groupの収益は年間平均-55.1%の割合で減少していますが、 Chemicals業界の収益は年間 増加しています。収益は年間7.3% 7.1%割合で 減少しています。主要情報-55.09%収益成長率-56.46%EPS成長率Chemicals 業界の成長8.05%収益成長率-7.08%株主資本利益率-7.33%ネット・マージン-3.60%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.22 loss per share (vs ฿0.27 loss in FY 2024)Full year 2025 results: ฿0.22 loss per share (improved from ฿0.27 loss in FY 2024). Revenue: ฿6.39b (down 16% from FY 2024). Net loss: ฿178.5m (loss narrowed 19% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 15Third quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.09 loss in 3Q 2024)Third quarter 2025 results: ฿0.04 loss per share (improved from ฿0.09 loss in 3Q 2024). Revenue: ฿1.38b (down 31% from 3Q 2024). Net loss: ฿29.5m (loss narrowed 61% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.10 loss per share (vs ฿0.03 loss in 2Q 2024)Second quarter 2025 results: ฿0.10 loss per share (further deteriorated from ฿0.03 loss in 2Q 2024). Revenue: ฿1.30b (down 24% from 2Q 2024). Net loss: ฿85.2m (loss widened 315% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.Reported Earnings • May 17First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.07 loss in 1Q 2024)First quarter 2025 results: ฿0.02 loss per share (improved from ฿0.07 loss in 1Q 2024). Revenue: ฿2.14b (up 17% from 1Q 2024). Net loss: ฿13.2m (loss narrowed 76% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.27 loss per share (vs ฿0.44 loss in FY 2023)Full year 2024 results: ฿0.27 loss per share (improved from ฿0.44 loss in FY 2023). Revenue: ฿7.72b (up 17% from FY 2023). Net loss: ฿220.0m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2024 earnings released: ฿0.03 loss per share (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: ฿0.03 loss per share (improved from ฿0.12 loss in 2Q 2023). Revenue: ฿1.72b (up 34% from 2Q 2023). Net loss: ฿20.5m (loss narrowed 79% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesお知らせ • Apr 23Thai Rubber Latex Group Public Company Limited Appoints Air Marshal Asst. Prof. Dr. Patcharee Pipithsuksunt, as A Director, Independent Director, and Audit Committee MemberThai Rubber Latex Group Public Company Limited at its Annual General Meeting of shareholders 2026 held on April 22, 2026, approved the appointment of Air Marshal Asst. Prof. Dr. Patcharee Pipithsuksunt, as a Director, Independent Director, and Audit Committee Member.Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.22 loss per share (vs ฿0.27 loss in FY 2024)Full year 2025 results: ฿0.22 loss per share (improved from ฿0.27 loss in FY 2024). Revenue: ฿6.39b (down 16% from FY 2024). Net loss: ฿178.5m (loss narrowed 19% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.お知らせ • Feb 28Thai Rubber Latex Group Public Company Limited announces Annual dividend, payable on May 21, 2026Thai Rubber Latex Group Public Company Limited announced Annual dividend of THB 0.0031 per share payable on May 21, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.お知らせ • Feb 27Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 22, 2026Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 22, 2026, at 09:00 SE Asia Standard Time. Location: physical meeting, srinakarin room 1, dusit princess, srinakarin hotel, ThailandNew Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (฿736.0m market cap, or US$23.5m).Reported Earnings • Nov 15Third quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.09 loss in 3Q 2024)Third quarter 2025 results: ฿0.04 loss per share (improved from ฿0.09 loss in 3Q 2024). Revenue: ฿1.38b (down 31% from 3Q 2024). Net loss: ฿29.5m (loss narrowed 61% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.10 loss per share (vs ฿0.03 loss in 2Q 2024)Second quarter 2025 results: ฿0.10 loss per share (further deteriorated from ฿0.03 loss in 2Q 2024). Revenue: ฿1.30b (down 24% from 2Q 2024). Net loss: ฿85.2m (loss widened 315% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿466.1m market cap, or US$14.3m).Reported Earnings • May 17First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.07 loss in 1Q 2024)First quarter 2025 results: ฿0.02 loss per share (improved from ฿0.07 loss in 1Q 2024). Revenue: ฿2.14b (up 17% from 1Q 2024). Net loss: ฿13.2m (loss narrowed 76% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.New Risk • Apr 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (฿490.7m market cap, or US$14.3m).お知らせ • Mar 05Thai Rubber Latex Group Public Company Limited announced that it expects to receive THB 500 million in fundingThai Rubber Latex Group Public Company Limited announced a private placement to issue 500,000 unsecured convertible bonds for a price of THB 1000 per Convertible bond and 90,000,000 Warrants to purchase ordinary common shares for the aggregate gross proceeds of THB 500,000,000 on March 3 2025. Maturity of Convertible Bonds will be 3 years from the date of issuance of Convertible Bonds. The convertible bonds bears an interest rate of 3.5% and a conversion price of THB 1.60. The exercise price for warrants will be BHD 2.25 per share.Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.27 loss per share (vs ฿0.44 loss in FY 2023)Full year 2024 results: ฿0.27 loss per share (improved from ฿0.44 loss in FY 2023). Revenue: ฿7.72b (up 17% from FY 2023). Net loss: ฿220.0m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Mar 03Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 24, 2025Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 24, 2025, at 09:00 SE Asia Standard Time. Location: tana of novotel bangkok-bangna hotel, address 333 srinakarin road, nongbon, pravet, bangkok 10250, thailand., bangkok ThailandNew Risk • Nov 19New major risk - Revenue and earnings growthEarnings have declined by 5.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿362m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿776.9m market cap, or US$22.5m).Reported Earnings • Aug 09Second quarter 2024 earnings released: ฿0.03 loss per share (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: ฿0.03 loss per share (improved from ฿0.12 loss in 2Q 2023). Revenue: ฿1.72b (up 34% from 2Q 2023). Net loss: ฿20.5m (loss narrowed 79% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jul 01Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to ฿1.19. The fair value is estimated to be ฿1.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jun 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to ฿1.24. The fair value is estimated to be ฿1.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • May 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to ฿1.22. The fair value is estimated to be ฿1.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 10First quarter 2024 earnings released: ฿0.07 loss per share (vs ฿0.091 loss in 1Q 2023)First quarter 2024 results: ฿0.07 loss per share (improved from ฿0.091 loss in 1Q 2023). Revenue: ฿1.85b (down 4.7% from 1Q 2023). Net loss: ฿54.5m (loss narrowed 27% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.お知らせ • Apr 27Thai Rubber Latex Group Public Company Limited Approves Omission of Dividend for the Year 2023Thai Rubber Latex Group Public Company Limited at the Annual General Meeting held on April 25, 2024 unanimously approved the dividend omission and no allocation of net profit for legal reserves for 2023's operating results, due to the group net losses THB 50.05 million in 2023.New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿1.23b market cap, or US$33.8m).Buy Or Sell Opportunity • Mar 01Now 21% undervaluedOver the last 90 days, the stock has risen 4.2% to ฿1.24. The fair value is estimated to be ฿1.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Feb 23+ 2 more updatesThai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 25, 2024Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 25, 2024, at 09:00 SE Asia Standard Time. Location: Suanluang 1-3 of Novotel Bangkok-Bangna Hotel, address 333 Srinakarin Road, Nongbon, Pravet, Bangkok 10250 Bangkok Thailand Agenda: To consider and certify the minutes of the Annual General Meeting of Shareholders No.1/2023 held on April 26, 2023; to acknowledge the Board of Directors' Annual Report for 2023 (56-1 One Report); to consider and approve the Company's balance sheets, profit and loss statements, and cash flow statements as at December 31, 2023; to consider the dividend omission and no allocation of net profit for legal reserves for 2023's operating results; to consider and approve the re-election of Directors who retire by rotation; to consider the Board of Directors' remuneration for the year 2024;to consider appoint an auditor and fix the auditing fee for the year 2024.Reported Earnings • Feb 23Full year 2023 earnings released: ฿0.44 loss per share (vs ฿0.32 profit in FY 2022)Full year 2023 results: ฿0.44 loss per share (down from ฿0.32 profit in FY 2022). Revenue: ฿6.65b (down 28% from FY 2022). Net loss: ฿362.2m (down 239% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Nov 10Thai Rubber Latex Group Public Company Limited Announces Board ChangesThai Rubber Latex Group Public Company Limited appointed Mr. Surabhon Kwunchaithunya to be the Chairman of the Remuneration Director to replace Mr. Vorathep Wongsasuthikul which will be effective November 9, 2023. However, the director shall have the term only as of the remaining term of the replacement Chairman. And appointing 1 new director Mr. Wongsakul Kittipromwong, Member of the Remuneration Committee, Effective since November 9, 2023.Reported Earnings • Nov 10Third quarter 2023 earnings released: ฿0.13 loss per share (vs ฿0.06 profit in 3Q 2022)Third quarter 2023 results: ฿0.13 loss per share (down from ฿0.06 profit in 3Q 2022). Revenue: ฿1.59b (down 23% from 3Q 2022). Net loss: ฿106.5m (down 321% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.Buying Opportunity • Nov 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.5%. The fair value is estimated to be ฿1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • Aug 15Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be ฿1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 11Second quarter 2023 earnings released: ฿0.12 loss per share (vs ฿0.17 profit in 2Q 2022)Second quarter 2023 results: ฿0.12 loss per share (down from ฿0.17 profit in 2Q 2022). Revenue: ฿1.30b (down 48% from 2Q 2022). Net loss: ฿99.0m (down 173% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Buying Opportunity • May 12Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be ฿2.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable.Upcoming Dividend • May 02Upcoming dividend of ฿0.12 per share at 6.4% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.0%).Reported Earnings • Feb 26Full year 2022 earnings released: EPS: ฿0.32 (vs ฿0.84 in FY 2021)Full year 2022 results: EPS: ฿0.32 (down from ฿0.84 in FY 2021). Revenue: ฿9.31b (flat on FY 2021). Net income: ฿261.1m (down 57% from FY 2021). Profit margin: 2.8% (down from 6.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Sompop Rangubtook was the last independent director to join the board, commencing their role in 2019. 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 14Second quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.17 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.17. Revenue: ฿2.49b (up 11% from 2Q 2021). Net income: ฿135.5m (up 13% from 2Q 2021). Profit margin: 5.4% (up from 5.3% in 2Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.20 in 1Q 2021)First quarter 2022 results: EPS: ฿0.16. Revenue: ฿2.67b (up 19% from 1Q 2021). Net income: ฿133.0m (flat on 1Q 2021). Profit margin: 5.0% (down from 5.9% in 1Q 2021). The decrease in margin was driven by higher expenses.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Sompop Rangubtook was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿3.36, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total returns to shareholders of 129% over the past three years.Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.84 (up from ฿0.035 in FY 2020). Revenue: ฿9.42b (up 38% from FY 2020). Net income: ฿607.1m (up ฿583.0m from FY 2020). Profit margin: 6.4% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.043 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿2.22b (up 29% from 3Q 2020). Net income: ฿134.6m (up ฿164.0m from 3Q 2020). Profit margin: 6.1% (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 55% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿2.26b (up 38% from 1Q 2020). Net income: ฿132.9m (up 79% from 1Q 2020). Profit margin: 5.9% (up from 4.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿0.04 (vs ฿0.52 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿6.97b (up 2.0% from FY 2019). Net income: ฿24.2m (up ฿375.9m from FY 2019). Profit margin: 0.3% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 19New 90-day high: ฿2.20The company is up 25% from its price of ฿1.76 on 20 November 2020. The Thai market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 22% over the same period.Is New 90 Day High Low • Jan 18New 90-day high: ฿2.18The company is up 27% from its price of ฿1.72 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 45% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: ฿0.04 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: ฿1.73b (up 5.9% from 3Q 2019). Net loss: ฿29.5m (loss narrowed 59% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 26New 90-day high: ฿2.12The company is up 49% from its price of ฿1.42 on 24 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 12% over the same period.収支内訳Thai Rubber Latex Group の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:TRUBB 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 265,832-210432031 Dec 256,342-178449030 Sep 256,890-197478030 Jun 257,551-243487031 Mar 257,959-179503031 Dec 247,648-220488030 Sep 247,329-234477030 Jun 246,882-264482031 Mar 246,477-343487031 Dec 236,604-362500030 Sep 236,837-335527030 Jun 237,324-181551031 Mar 238,52654609031 Dec 229,228261666030 Sep 229,860537758030 Jun 229,968623840031 Mar 229,723607861031 Dec 219,333607835030 Sep 218,858422852030 Jun 218,397258774031 Mar 217,45983705031 Dec 206,84824673030 Sep 206,116-208662030 Jun 206,035-250725031 Mar 206,581-195739031 Dec 196,827-352788030 Sep 197,241-183690030 Jun 197,417-153659031 Mar 197,263-152674031 Dec 187,51318668030 Sep 187,72497685030 Jun 188,181162661031 Mar 188,554128655031 Dec 179,450144660030 Sep 179,54354628030 Jun 179,062-31615031 Mar 178,905-67659031 Dec 167,766-168643030 Sep 167,673-207675030 Jun 168,466-165722031 Mar 168,690-80687031 Dec 158,856-76690030 Sep 159,69432720030 Jun 159,912-547510質の高い収益: TRUBBは現在利益が出ていません。利益率の向上: TRUBBは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TRUBBは利益が出ておらず、過去 5 年間で損失は年間55.1%の割合で増加しています。成長の加速: TRUBBの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: TRUBBは利益が出ていないため、過去 1 年間の収益成長をChemicals業界 ( 21% ) と比較することは困難です。株主資本利益率高いROE: TRUBBは現在利益が出ていないため、自己資本利益率 ( -7.33% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 09:42終値2026/05/25 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 Rubber Latex Group Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.22 loss per share (vs ฿0.27 loss in FY 2024)Full year 2025 results: ฿0.22 loss per share (improved from ฿0.27 loss in FY 2024). Revenue: ฿6.39b (down 16% from FY 2024). Net loss: ฿178.5m (loss narrowed 19% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 15Third quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.09 loss in 3Q 2024)Third quarter 2025 results: ฿0.04 loss per share (improved from ฿0.09 loss in 3Q 2024). Revenue: ฿1.38b (down 31% from 3Q 2024). Net loss: ฿29.5m (loss narrowed 61% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.10 loss per share (vs ฿0.03 loss in 2Q 2024)Second quarter 2025 results: ฿0.10 loss per share (further deteriorated from ฿0.03 loss in 2Q 2024). Revenue: ฿1.30b (down 24% from 2Q 2024). Net loss: ฿85.2m (loss widened 315% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.07 loss in 1Q 2024)First quarter 2025 results: ฿0.02 loss per share (improved from ฿0.07 loss in 1Q 2024). Revenue: ฿2.14b (up 17% from 1Q 2024). Net loss: ฿13.2m (loss narrowed 76% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.27 loss per share (vs ฿0.44 loss in FY 2023)Full year 2024 results: ฿0.27 loss per share (improved from ฿0.44 loss in FY 2023). Revenue: ฿7.72b (up 17% from FY 2023). Net loss: ฿220.0m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2024 earnings released: ฿0.03 loss per share (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: ฿0.03 loss per share (improved from ฿0.12 loss in 2Q 2023). Revenue: ฿1.72b (up 34% from 2Q 2023). Net loss: ฿20.5m (loss narrowed 79% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 23Thai Rubber Latex Group Public Company Limited Appoints Air Marshal Asst. Prof. Dr. Patcharee Pipithsuksunt, as A Director, Independent Director, and Audit Committee MemberThai Rubber Latex Group Public Company Limited at its Annual General Meeting of shareholders 2026 held on April 22, 2026, approved the appointment of Air Marshal Asst. Prof. Dr. Patcharee Pipithsuksunt, as a Director, Independent Director, and Audit Committee Member.
Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.22 loss per share (vs ฿0.27 loss in FY 2024)Full year 2025 results: ฿0.22 loss per share (improved from ฿0.27 loss in FY 2024). Revenue: ฿6.39b (down 16% from FY 2024). Net loss: ฿178.5m (loss narrowed 19% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 28Thai Rubber Latex Group Public Company Limited announces Annual dividend, payable on May 21, 2026Thai Rubber Latex Group Public Company Limited announced Annual dividend of THB 0.0031 per share payable on May 21, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.
お知らせ • Feb 27Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 22, 2026Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 22, 2026, at 09:00 SE Asia Standard Time. Location: physical meeting, srinakarin room 1, dusit princess, srinakarin hotel, Thailand
New Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (฿736.0m market cap, or US$23.5m).
Reported Earnings • Nov 15Third quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.09 loss in 3Q 2024)Third quarter 2025 results: ฿0.04 loss per share (improved from ฿0.09 loss in 3Q 2024). Revenue: ฿1.38b (down 31% from 3Q 2024). Net loss: ฿29.5m (loss narrowed 61% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.10 loss per share (vs ฿0.03 loss in 2Q 2024)Second quarter 2025 results: ฿0.10 loss per share (further deteriorated from ฿0.03 loss in 2Q 2024). Revenue: ฿1.30b (down 24% from 2Q 2024). Net loss: ฿85.2m (loss widened 315% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿466.1m market cap, or US$14.3m).
Reported Earnings • May 17First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.07 loss in 1Q 2024)First quarter 2025 results: ฿0.02 loss per share (improved from ฿0.07 loss in 1Q 2024). Revenue: ฿2.14b (up 17% from 1Q 2024). Net loss: ฿13.2m (loss narrowed 76% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
New Risk • Apr 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (฿490.7m market cap, or US$14.3m).
お知らせ • Mar 05Thai Rubber Latex Group Public Company Limited announced that it expects to receive THB 500 million in fundingThai Rubber Latex Group Public Company Limited announced a private placement to issue 500,000 unsecured convertible bonds for a price of THB 1000 per Convertible bond and 90,000,000 Warrants to purchase ordinary common shares for the aggregate gross proceeds of THB 500,000,000 on March 3 2025. Maturity of Convertible Bonds will be 3 years from the date of issuance of Convertible Bonds. The convertible bonds bears an interest rate of 3.5% and a conversion price of THB 1.60. The exercise price for warrants will be BHD 2.25 per share.
Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.27 loss per share (vs ฿0.44 loss in FY 2023)Full year 2024 results: ฿0.27 loss per share (improved from ฿0.44 loss in FY 2023). Revenue: ฿7.72b (up 17% from FY 2023). Net loss: ฿220.0m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 03Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 24, 2025Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 24, 2025, at 09:00 SE Asia Standard Time. Location: tana of novotel bangkok-bangna hotel, address 333 srinakarin road, nongbon, pravet, bangkok 10250, thailand., bangkok Thailand
New Risk • Nov 19New major risk - Revenue and earnings growthEarnings have declined by 5.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿362m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿776.9m market cap, or US$22.5m).
Reported Earnings • Aug 09Second quarter 2024 earnings released: ฿0.03 loss per share (vs ฿0.12 loss in 2Q 2023)Second quarter 2024 results: ฿0.03 loss per share (improved from ฿0.12 loss in 2Q 2023). Revenue: ฿1.72b (up 34% from 2Q 2023). Net loss: ฿20.5m (loss narrowed 79% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jul 01Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to ฿1.19. The fair value is estimated to be ฿1.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jun 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to ฿1.24. The fair value is estimated to be ฿1.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • May 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to ฿1.22. The fair value is estimated to be ฿1.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 10First quarter 2024 earnings released: ฿0.07 loss per share (vs ฿0.091 loss in 1Q 2023)First quarter 2024 results: ฿0.07 loss per share (improved from ฿0.091 loss in 1Q 2023). Revenue: ฿1.85b (down 4.7% from 1Q 2023). Net loss: ฿54.5m (loss narrowed 27% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 27Thai Rubber Latex Group Public Company Limited Approves Omission of Dividend for the Year 2023Thai Rubber Latex Group Public Company Limited at the Annual General Meeting held on April 25, 2024 unanimously approved the dividend omission and no allocation of net profit for legal reserves for 2023's operating results, due to the group net losses THB 50.05 million in 2023.
New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿1.23b market cap, or US$33.8m).
Buy Or Sell Opportunity • Mar 01Now 21% undervaluedOver the last 90 days, the stock has risen 4.2% to ฿1.24. The fair value is estimated to be ฿1.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Feb 23+ 2 more updatesThai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 25, 2024Thai Rubber Latex Group Public Company Limited, Annual General Meeting, Apr 25, 2024, at 09:00 SE Asia Standard Time. Location: Suanluang 1-3 of Novotel Bangkok-Bangna Hotel, address 333 Srinakarin Road, Nongbon, Pravet, Bangkok 10250 Bangkok Thailand Agenda: To consider and certify the minutes of the Annual General Meeting of Shareholders No.1/2023 held on April 26, 2023; to acknowledge the Board of Directors' Annual Report for 2023 (56-1 One Report); to consider and approve the Company's balance sheets, profit and loss statements, and cash flow statements as at December 31, 2023; to consider the dividend omission and no allocation of net profit for legal reserves for 2023's operating results; to consider and approve the re-election of Directors who retire by rotation; to consider the Board of Directors' remuneration for the year 2024;to consider appoint an auditor and fix the auditing fee for the year 2024.
Reported Earnings • Feb 23Full year 2023 earnings released: ฿0.44 loss per share (vs ฿0.32 profit in FY 2022)Full year 2023 results: ฿0.44 loss per share (down from ฿0.32 profit in FY 2022). Revenue: ฿6.65b (down 28% from FY 2022). Net loss: ฿362.2m (down 239% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 10Thai Rubber Latex Group Public Company Limited Announces Board ChangesThai Rubber Latex Group Public Company Limited appointed Mr. Surabhon Kwunchaithunya to be the Chairman of the Remuneration Director to replace Mr. Vorathep Wongsasuthikul which will be effective November 9, 2023. However, the director shall have the term only as of the remaining term of the replacement Chairman. And appointing 1 new director Mr. Wongsakul Kittipromwong, Member of the Remuneration Committee, Effective since November 9, 2023.
Reported Earnings • Nov 10Third quarter 2023 earnings released: ฿0.13 loss per share (vs ฿0.06 profit in 3Q 2022)Third quarter 2023 results: ฿0.13 loss per share (down from ฿0.06 profit in 3Q 2022). Revenue: ฿1.59b (down 23% from 3Q 2022). Net loss: ฿106.5m (down 321% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.
Buying Opportunity • Nov 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.5%. The fair value is estimated to be ฿1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • Aug 15Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be ฿1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 11Second quarter 2023 earnings released: ฿0.12 loss per share (vs ฿0.17 profit in 2Q 2022)Second quarter 2023 results: ฿0.12 loss per share (down from ฿0.17 profit in 2Q 2022). Revenue: ฿1.30b (down 48% from 2Q 2022). Net loss: ฿99.0m (down 173% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • May 12Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be ฿2.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable.
Upcoming Dividend • May 02Upcoming dividend of ฿0.12 per share at 6.4% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.0%).
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: ฿0.32 (vs ฿0.84 in FY 2021)Full year 2022 results: EPS: ฿0.32 (down from ฿0.84 in FY 2021). Revenue: ฿9.31b (flat on FY 2021). Net income: ฿261.1m (down 57% from FY 2021). Profit margin: 2.8% (down from 6.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Sompop Rangubtook was the last independent director to join the board, commencing their role in 2019. 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 14Second quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.17 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.17. Revenue: ฿2.49b (up 11% from 2Q 2021). Net income: ฿135.5m (up 13% from 2Q 2021). Profit margin: 5.4% (up from 5.3% in 2Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.20 in 1Q 2021)First quarter 2022 results: EPS: ฿0.16. Revenue: ฿2.67b (up 19% from 1Q 2021). Net income: ฿133.0m (flat on 1Q 2021). Profit margin: 5.0% (down from 5.9% in 1Q 2021). The decrease in margin was driven by higher expenses.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Sompop Rangubtook was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿3.36, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total returns to shareholders of 129% over the past three years.
Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.84 (up from ฿0.035 in FY 2020). Revenue: ฿9.42b (up 38% from FY 2020). Net income: ฿607.1m (up ฿583.0m from FY 2020). Profit margin: 6.4% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.043 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿2.22b (up 29% from 3Q 2020). Net income: ฿134.6m (up ฿164.0m from 3Q 2020). Profit margin: 6.1% (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 55% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿2.26b (up 38% from 1Q 2020). Net income: ฿132.9m (up 79% from 1Q 2020). Profit margin: 5.9% (up from 4.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿0.04 (vs ฿0.52 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿6.97b (up 2.0% from FY 2019). Net income: ฿24.2m (up ฿375.9m from FY 2019). Profit margin: 0.3% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 19New 90-day high: ฿2.20The company is up 25% from its price of ฿1.76 on 20 November 2020. The Thai market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 22% over the same period.
Is New 90 Day High Low • Jan 18New 90-day high: ฿2.18The company is up 27% from its price of ฿1.72 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 45% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: ฿0.04 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: ฿1.73b (up 5.9% from 3Q 2019). Net loss: ฿29.5m (loss narrowed 59% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 26New 90-day high: ฿2.12The company is up 49% from its price of ฿1.42 on 24 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 12% over the same period.