View ValuationAsphere Innovations 将来の成長Future 基準チェック /06現在、 Asphere Innovations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Entertainment 収益成長18.8%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Major Estimate Revision • Mar 14Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿1.91b to ฿1.58b. EPS estimate fell from ฿0.79 to ฿0.53 per share. Net income forecast to shrink 14% next year vs 53% growth forecast for Entertainment industry in Thailand . Consensus price target down from ฿18.30 to ฿12.55. Share price was steady at ฿13.00 over the past week.Price Target Changed • Mar 09Price target decreased by 34% to ฿12.55Down from ฿19.05, the current price target is an average from 2 analysts. New target price is 5.6% below last closing price of ฿13.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.Price Target Changed • Dec 01Price target decreased to ฿18.30Down from ฿19.85, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿16.40. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.Price Target Changed • Apr 27Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ฿19.90. Stock is up 140% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.Price Target Changed • Mar 02Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ฿24.40. Stock is up 264% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.すべての更新を表示Recent updatesUpcoming Dividend • Mar 05Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 12 March 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of Thai dividend payers (7.7%). Higher than average of industry peers (5.3%).Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿2.70, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 9x in the Entertainment industry in Thailand. Total loss to shareholders of 79% over the past three years.Reported Earnings • Feb 28Full year 2025 earnings released: EPS: ฿0.29 (vs ฿0.38 in FY 2024)Full year 2025 results: EPS: ฿0.29 (down from ฿0.38 in FY 2024). Revenue: ฿1.22b (up 8.9% from FY 2024). Net income: ฿143.0m (down 25% from FY 2024). Profit margin: 12% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 28Asphere Innovations Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on 13 May 2026Asphere Innovations Public Company Limited at its AGM to be held on 29 April 2026 proposed a cash dividend of THB 0.10 per share totaling THB 49,924,676.60. for the year ended December 31, 2025. Record date for the right to receive dividend is 13 March 2026 and Payable on 13 May 2026.お知らせ • Feb 27Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2026Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2026, at 13:00 SE Asia Standard Time.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.98, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Entertainment industry in Thailand. Total loss to shareholders of 81% over the past three years.Board Change • Jan 07High number of new directorsDirector Ithichai Poolvaraluck was the last director to join the board, commencing their role in the last week.Buy Or Sell Opportunity • Dec 15Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to ฿3.30. The fair value is estimated to be ฿2.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 26%.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿3.26, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 12x in the Entertainment industry in Thailand. Total loss to shareholders of 79% over the past three years.Buy Or Sell Opportunity • Nov 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ฿3.26. The fair value is estimated to be ฿2.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 26%.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.075 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.11 (up from ฿0.075 in 3Q 2024). Revenue: ฿360.1m (up 36% from 3Q 2024). Net income: ฿53.7m (up 43% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.New Risk • Oct 01New 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 11% 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 (11% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿1.89b market cap, or US$58.2m).Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.20, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 16x in the Entertainment industry in Thailand. Total loss to shareholders of 81% over the past three years.Upcoming Dividend • Aug 21Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (4.6%).New Risk • Aug 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿1.36b market cap, or US$41.7m).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.098 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.04 (down from ฿0.098 in 2Q 2024). Revenue: ฿263.8m (down 2.6% from 2Q 2024). Net income: ฿21.8m (down 56% from 2Q 2024). Profit margin: 8.3% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿2.82, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 13x in the Entertainment industry in Thailand. Total loss to shareholders of 79% over the past three years.Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to ฿2.24. The fair value is estimated to be ฿2.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 38%.Buy Or Sell Opportunity • May 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to ฿2.28. The fair value is estimated to be ฿2.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 38%.New Risk • May 15New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (฿1.22b market cap, or US$36.6m).Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.08 (vs ฿0.15 in 1Q 2024)First quarter 2025 results: EPS: ฿0.08 (down from ฿0.15 in 1Q 2024). Revenue: ฿242.9m (down 31% from 1Q 2024). Net income: ฿39.3m (down 49% from 1Q 2024). Profit margin: 16% (down from 22% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿2.66, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 19x in the Entertainment industry in Thailand. Total loss to shareholders of 84% over the past three years.Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.32, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 88% over the past three years.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.91, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 19x in the Entertainment industry in Thailand. Total loss to shareholders of 92% over the past three years.お知らせ • Mar 14Asphere Innovations Public Company Limited Announces Executive ChangesAsphere Innovations Public Company Limited acknowledged the resignation of Ms. Weena Ouppakham from the position of Company Secretary, effective from February 28, 2025, onwards, and appointed Mr. Chawanin Tritavornyuenyong as the new Company Secretary in replacement of Ms. Weena Ouppakham, effective from March 1, 2025, onwards.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.38 (vs ฿0.43 in FY 2023)Full year 2024 results: EPS: ฿0.38 (down from ฿0.43 in FY 2023). Revenue: ฿1.12b (down 23% from FY 2023). Net income: ฿189.3m (down 13% from FY 2023). Profit margin: 17% (up from 15% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 27Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2025Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.お知らせ • Feb 26Asphere Innovations Public Company Limited Approves Company Secretary ChangesAsphere Innovations Public Company Limited announced at its board meeting held on February 26, 2025 acknowledged the resignation of Ms. Weena Ouppakham from the position of Company Secretary, effective from February 28, 2025, onwards, and appointed Mr. Chawanin Tritavornyuenyong as the new Company Secretary in replacement of Ms. Weena Ouppakham, effective from March 1, 2025, onwards.New Risk • Jan 11New 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 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Market cap is less than US$100m (฿1.56b market cap, or US$44.9m).Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ฿3.10, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 26x in the Entertainment industry in Thailand. Total loss to shareholders of 86% over the past three years.Buy Or Sell Opportunity • Dec 23Now 21% overvaluedOver the last 90 days, the stock has fallen 20% to ฿4.06. The fair value is estimated to be ฿3.36, 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. Earnings per share has declined by 38%.Buy Or Sell Opportunity • Dec 06Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿4.14. The fair value is estimated to be ฿3.36, 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. Earnings per share has declined by 38%.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿4.00, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 30x in the Entertainment industry in Thailand. Total loss to shareholders of 82% over the past three years.Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.16 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.08 (down from ฿0.16 in 3Q 2023). Revenue: ฿265.8m (down 37% from 3Q 2023). Net income: ฿37.5m (down 55% from 3Q 2023). Profit margin: 14% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year whereas the company’s share price has fallen by 43% per year.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿5.20, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿4.40, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 73% over the past three years.Buy Or Sell Opportunity • Sep 03Now 25% overvaluedOver the last 90 days, the stock has fallen 16% to ฿3.74. The fair value is estimated to be ฿2.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 37%.Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.84, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 78% over the past three years.Buy Or Sell Opportunity • Aug 14Now 20% overvaluedOver the last 90 days, the stock has fallen 28% to ฿3.62. The fair value is estimated to be ฿3.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 37%.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.057 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.10 (up from ฿0.057 in 2Q 2023). Revenue: ฿270.9m (down 14% from 2Q 2023). Net income: ฿49.0m (up 70% from 2Q 2023). Profit margin: 18% (up from 9.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 42% per year.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿3.82, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 18x in the Entertainment industry in Thailand. Total loss to shareholders of 72% over the past three years.Buy Or Sell Opportunity • Jul 02Now 8.8% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to ฿4.92. The fair value is estimated to be ฿5.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 36%.Buy Or Sell Opportunity • Jun 20Now 29% overvaluedOver the last 90 days, the stock has fallen 56% to ฿3.06. The fair value is estimated to be ฿2.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 36%.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿3.02, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total loss to shareholders of 71% over the past three years.New Risk • Jun 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.54b market cap, or US$41.8m).Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿3.76, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total loss to shareholders of 63% over the past three years.Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.086 in 1Q 2023)First quarter 2024 results: EPS: ฿0.15. Revenue: ฿351.6k (down 100% from 1Q 2023). Net income: ฿76.9k (down 100% from 1Q 2023). Profit margin: 22% (up from 14% in 1Q 2023).お知らせ • Apr 27Asphere Innovations Public Company Limited Refrains from Paying Dividend for the Accounting Period Ended December 31, 2023Asphere Innovations Public Company Limited at the Annual General Meeting held on 26 April 2024 approved the refrain from paying dividends for the Company's operating results for the accounting period ended on December 31, 2023.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.90, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total returns to shareholders of 1.0% over the past three years.Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.43 (vs ฿0.58 in FY 2022)Full year 2023 results: EPS: ฿0.43 (down from ฿0.58 in FY 2022). Revenue: ฿1.45b (down 8.0% from FY 2022). Net income: ฿218.3m (down 19% from FY 2022). Profit margin: 15% (down from 17% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Mar 01Asphere Innovations Public Company Limited, Annual General Meeting, Apr 26, 2024Asphere Innovations Public Company Limited, Annual General Meeting, Apr 26, 2024, at 14:00 SE Asia Standard Time. Agenda: To adopt the Minutes of the Annual General Meeting of Shareholders 2023; to acknowledge the Company’s operating results for the Year 2023; to approve the Statements of Financial Position and the Profit and Loss Statements for the year 2023; to approve the refrain from paying dividends for the Company's operating results for the accounting period ending on December 31, 2023; to elect directors to replace those who retired by rotation; to approve the directors’ remuneration; and to discuss other matters.Board Change • Feb 16High number of new directorsDirector Teeradet Dumrongbhalasitr was the last director to join the board, commencing their role in 2024.お知らせ • Feb 12Asphere Innovations Public Company Limited Announces Board ChangesAsphere Innovations Public Company Limited announced that Mr. Santithorn Bunchua has resigned from the position of director, due to being occupied with personal reasons that do not allow him to continue performing his duties in the position. The resignation has been effective since 12 February 2024 onward. The Board of Directors' meeting No. 3/2024, convened on 12 February 2024, has passed the resolution appointed Mr. Teeradet Dumrongbhalasitr to be a director in place of Mr. Santithorn Bunchua who resigned; thus, Mr. Teeradet Dumrongbhalasitr shall retain the position for the remaining term of the resigned director. The appointments are effective on 12 February 2024 onward.お知らせ • Jan 16Asphere Innovations Public Company Limited (SET:AS) announces an Equity Buyback for 15,000,000 shares, representing 2.96% for THB 120 million.Prima Marine Public Company Limited (SET:PRM) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 2.96% of its issued share capital, for THB 120 million. The repurchase price will not exceed 115% of average closing price of 5 consecutive business days prior to each repurchase date. The purpose of the program is o increase the return on equity (ROE) and the earning per share (EPS). The repurchase program will be valid till April 18, 2024. As of March 29, 2023, the company had 506,716,514 shares outstanding.New Risk • Nov 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 81% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 159% Cash payout ratio: 156% Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (7.7% increase in shares outstanding).New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.70b (US$99.7m) This is considered a minor 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: Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Market cap is less than US$100m (฿3.70b market cap, or US$99.7m).Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿8.75, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Entertainment industry in Thailand. Total returns to shareholders of 59% over the past three years.お知らせ • Sep 15Free Ocean Games Pte. Ltd. agreed to acquire a 61.68% stake in CIB Development Sdn. Bhd. from Asphere Innovations Public Company Limited (SET:AS) for MYR 12.3 million.Free Ocean Games Pte. Ltd. agreed to acquire a 61.68% stake in CIB Development Sdn. Bhd. from Asphere Innovations Public Company Limited (SET:AS) for MYR 12.3 million on September 14, 2023. The cash consideration is divided into 2 installments (the payment of first installment upon completing the relevant documents and migrating the application system and the last installment when completing the transfer of shares). Upon completion, CIB Development will cease to be a subsidiary of Asphere Innovations Public Company. The net asset of CIB Development was MYR 6.62 million, as of 30 June 2023. The transaction has been approved by the Board of Directors and the Audit Committee of Asphere Innovations Public Company. The transaction is expected to complete within the third quarter of 2023. The proceeds from disposition will be used for the working capital of Asphere Innovations Public Company.Buying Opportunity • Aug 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be ฿14.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 7.0%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 99% in the next 2 years.New Risk • Jun 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 121% Cash payout ratio: 187% High level of non-cash earnings (119% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (9.5% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿11.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Entertainment industry in Thailand. Total returns to shareholders of 700% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.21 per share.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.09 (down from ฿0.23 in 1Q 2022). Revenue: ฿320.1m (down 21% from 1Q 2022). Net income: ฿43.4m (down 58% from 1Q 2022). Profit margin: 14% (down from 26% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth.Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CEO, MD, Director & CEO of Blockchain & Innovation Technologies Kittipong Prucksa-Aroon was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 21Upcoming dividend of ฿0.23 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 March 2023. Payment date: 09 May 2023. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (2.5%).Major Estimate Revision • Mar 14Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿1.91b to ฿1.58b. EPS estimate fell from ฿0.79 to ฿0.53 per share. Net income forecast to shrink 14% next year vs 53% growth forecast for Entertainment industry in Thailand . Consensus price target down from ฿18.30 to ฿12.55. Share price was steady at ฿13.00 over the past week.Price Target Changed • Mar 09Price target decreased by 34% to ฿12.55Down from ฿19.05, the current price target is an average from 2 analysts. New target price is 5.6% below last closing price of ฿13.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.Price Target Changed • Dec 01Price target decreased to ฿18.30Down from ฿19.85, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿16.40. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Yanaphon Youngyuen was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Nov 03Now 20% undervaluedOver the last 90 days, the stock is up 6.4%. The fair value is estimated to be ฿20.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 13% in the next 2 years.Buying Opportunity • Sep 14Now 23% undervaluedOver the last 90 days, the stock is up 41%. The fair value is estimated to be ฿25.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 13% in the next 2 years.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 24 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 58% and the cash payout ratio is 94%. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.4%). In line with average of industry peers (3.4%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.19 (vs ฿0.26 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.19 (down from ฿0.26 in 2Q 2021). Revenue: ฿399.0m (down 6.6% from 2Q 2021). Net income: ฿87.9m (down 20% from 2Q 2021). Profit margin: 22% (down from 26% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 18%, compared to a 34% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 172% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 15First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.23 (down from ฿0.25 in 1Q 2021). Revenue: ฿403.8m (down 6.0% from 1Q 2021). Net income: ฿103.0m (down 1.8% from 1Q 2021). Profit margin: 26% (up from 24% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 14%, compared to a 48% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 173% per year, which means it is tracking significantly ahead of earnings growth.Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Yanaphon Youngyuen was the last independent director to join the board, commencing their role in 2017. 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 • Apr 29Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿18.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Entertainment industry in Thailand. Total returns to shareholders of 2,190% over the past three years.Price Target Changed • Apr 27Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ฿19.90. Stock is up 140% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.Upcoming Dividend • Mar 04Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (2.7%).Price Target Changed • Mar 02Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ฿24.40. Stock is up 264% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿1.13 (up from ฿0.75 in FY 2020). Revenue: ฿1.86b (up 39% from FY 2020). Net income: ฿479.2m (up 56% from FY 2020). Profit margin: 26% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 11%, compared to a 45% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has increased by 205% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿23.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in Thailand. Total returns to shareholders of 3,363% over the past three years.Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿22.90, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in Thailand. Total returns to shareholders of 3,348% over the past three years.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ฿0.30 (vs ฿0.25 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿503.0m (up 37% from 3Q 2020). Net income: ฿128.7m (up 25% from 3Q 2020). Profit margin: 26% (down from 28% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 173% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿19.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Entertainment industry in Asia. Total returns to shareholders of 1,691% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿15.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Entertainment industry in Asia. Total returns to shareholders of 1,283% over the past three years.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.7%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.26 (vs ฿0.29 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿427.3m (down 5.1% from 2Q 2020). Net income: ฿110.1m (down 6.6% from 2Q 2020). Profit margin: 26% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿17.70, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Entertainment industry in Asia. Total returns to shareholders of 1,457% over the past three years.Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improved over the past weekAfter last week's 38% share price gain to ฿18.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 1,236% over the past three years.Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿13.00, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 55x in the Entertainment industry in Thailand. Total returns to shareholders of 825% over the past three years.Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿12.20, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 59x in the Entertainment industry in Thailand. Total returns to shareholders of 642% over the past three years.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.25 (vs ฿0.05 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿429.6m (up 126% from 1Q 2020). Net income: ฿104.8m (up 412% from 1Q 2020). Profit margin: 24% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 91% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿8.95, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 51x in the Entertainment industry in Thailand. Total returns to shareholders of 435% over the past three years.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.25, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 52x in the Entertainment industry in Thailand. Total returns to shareholders of 317% over the past three years.Executive Departure • Mar 03Company Secretary has left the companyOn the 1st of March, Chonthicha Sombatmongkol's tenure as Company Secretary ended after 3.8 years in the role. We don't have any record of a personal shareholding under Chonthicha's name. Chonthicha is the only executive to leave the company over the last 12 months.Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.75 (vs ฿0.011 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.34b (up 75% from FY 2019). Net income: ฿307.0m (up ฿302.7m from FY 2019). Profit margin: 23% (up from 0.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿7.85, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 38x in the Entertainment industry in Thailand. Total returns to shareholders over the past three years are 341%. 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、Asphere Innovations 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:AS - 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12/31/20251,220143191245N/A9/30/20251,099141199245N/A6/30/20251,004125142231N/A3/31/20251,012152133215N/A12/31/20241,120189109200N/A9/30/20241,277227218312N/A6/30/20241,435272274325N/A3/31/20241,481252273333N/A12/31/20231,449218269326N/A9/30/20231,429165149206N/A6/30/20231,410150108199N/A3/31/20231,492209125271N/A12/31/20221,57626946235N/A9/30/20221,709394211438N/A6/30/20221,808455328515N/A3/31/20221,836477407564N/A12/31/20211,862479576686N/A9/30/20211,690409471536N/A6/30/20211,553384458523N/A3/31/20211,576391562590N/A12/31/20201,336307460502N/A9/30/20201,214256404452N/A6/30/20201,069190342380N/A3/31/202082592111158N/A12/31/2019762474106N/A9/30/201966224N/A64N/A6/30/2019599-25N/A-11N/A3/31/2019573-49N/A-3N/A12/31/201860114N/A-11N/A9/30/2018700-2N/A-1N/A6/30/201874215N/A1N/A3/31/2018738-1N/A-42N/A12/31/201783613N/A3N/A9/30/2017889-73N/A63N/A6/30/2017961-137N/A67N/A3/31/20171,008-168N/A76N/A12/31/2016967-217N/A68N/A9/30/2016894-427N/A-33N/A6/30/2016869-476N/A-12N/A3/31/2016845-467N/A18N/A12/31/2015860-475N/A57N/A9/30/2015959-418N/A94N/A6/30/2015999-393N/A84N/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: AS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: AS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: AS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: AS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: AS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: AS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7D1Y7D1Y7D1YMedia 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2026/05/09 03:13終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Asphere Innovations 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。3 アナリスト機関Pongrat RatanatavananandaBualuang Securities PCLNicky WongPhillip Securities (HK)Sontanawoot RatchatrakulTisco Securities Co. Ltd.
Major Estimate Revision • Mar 14Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿1.91b to ฿1.58b. EPS estimate fell from ฿0.79 to ฿0.53 per share. Net income forecast to shrink 14% next year vs 53% growth forecast for Entertainment industry in Thailand . Consensus price target down from ฿18.30 to ฿12.55. Share price was steady at ฿13.00 over the past week.
Price Target Changed • Mar 09Price target decreased by 34% to ฿12.55Down from ฿19.05, the current price target is an average from 2 analysts. New target price is 5.6% below last closing price of ฿13.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.
Price Target Changed • Dec 01Price target decreased to ฿18.30Down from ฿19.85, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿16.40. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.
Price Target Changed • Apr 27Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ฿19.90. Stock is up 140% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.
Price Target Changed • Mar 02Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ฿24.40. Stock is up 264% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 12 March 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of Thai dividend payers (7.7%). Higher than average of industry peers (5.3%).
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿2.70, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 9x in the Entertainment industry in Thailand. Total loss to shareholders of 79% over the past three years.
Reported Earnings • Feb 28Full year 2025 earnings released: EPS: ฿0.29 (vs ฿0.38 in FY 2024)Full year 2025 results: EPS: ฿0.29 (down from ฿0.38 in FY 2024). Revenue: ฿1.22b (up 8.9% from FY 2024). Net income: ฿143.0m (down 25% from FY 2024). Profit margin: 12% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 28Asphere Innovations Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on 13 May 2026Asphere Innovations Public Company Limited at its AGM to be held on 29 April 2026 proposed a cash dividend of THB 0.10 per share totaling THB 49,924,676.60. for the year ended December 31, 2025. Record date for the right to receive dividend is 13 March 2026 and Payable on 13 May 2026.
お知らせ • Feb 27Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2026Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2026, at 13:00 SE Asia Standard Time.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.98, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Entertainment industry in Thailand. Total loss to shareholders of 81% over the past three years.
Board Change • Jan 07High number of new directorsDirector Ithichai Poolvaraluck was the last director to join the board, commencing their role in the last week.
Buy Or Sell Opportunity • Dec 15Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to ฿3.30. The fair value is estimated to be ฿2.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 26%.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿3.26, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 12x in the Entertainment industry in Thailand. Total loss to shareholders of 79% over the past three years.
Buy Or Sell Opportunity • Nov 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ฿3.26. The fair value is estimated to be ฿2.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 26%.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.075 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.11 (up from ฿0.075 in 3Q 2024). Revenue: ฿360.1m (up 36% from 3Q 2024). Net income: ฿53.7m (up 43% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.
New Risk • Oct 01New 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 11% 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 (11% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿1.89b market cap, or US$58.2m).
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.20, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 16x in the Entertainment industry in Thailand. Total loss to shareholders of 81% over the past three years.
Upcoming Dividend • Aug 21Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (4.6%).
New Risk • Aug 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿1.36b market cap, or US$41.7m).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.098 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.04 (down from ฿0.098 in 2Q 2024). Revenue: ฿263.8m (down 2.6% from 2Q 2024). Net income: ฿21.8m (down 56% from 2Q 2024). Profit margin: 8.3% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿2.82, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 13x in the Entertainment industry in Thailand. Total loss to shareholders of 79% over the past three years.
Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to ฿2.24. The fair value is estimated to be ฿2.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 38%.
Buy Or Sell Opportunity • May 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to ฿2.28. The fair value is estimated to be ฿2.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 38%.
New Risk • May 15New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (฿1.22b market cap, or US$36.6m).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.08 (vs ฿0.15 in 1Q 2024)First quarter 2025 results: EPS: ฿0.08 (down from ฿0.15 in 1Q 2024). Revenue: ฿242.9m (down 31% from 1Q 2024). Net income: ฿39.3m (down 49% from 1Q 2024). Profit margin: 16% (down from 22% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿2.66, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 19x in the Entertainment industry in Thailand. Total loss to shareholders of 84% over the past three years.
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.32, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 88% over the past three years.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.91, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 19x in the Entertainment industry in Thailand. Total loss to shareholders of 92% over the past three years.
お知らせ • Mar 14Asphere Innovations Public Company Limited Announces Executive ChangesAsphere Innovations Public Company Limited acknowledged the resignation of Ms. Weena Ouppakham from the position of Company Secretary, effective from February 28, 2025, onwards, and appointed Mr. Chawanin Tritavornyuenyong as the new Company Secretary in replacement of Ms. Weena Ouppakham, effective from March 1, 2025, onwards.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.38 (vs ฿0.43 in FY 2023)Full year 2024 results: EPS: ฿0.38 (down from ฿0.43 in FY 2023). Revenue: ฿1.12b (down 23% from FY 2023). Net income: ฿189.3m (down 13% from FY 2023). Profit margin: 17% (up from 15% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 27Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2025Asphere Innovations Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.
お知らせ • Feb 26Asphere Innovations Public Company Limited Approves Company Secretary ChangesAsphere Innovations Public Company Limited announced at its board meeting held on February 26, 2025 acknowledged the resignation of Ms. Weena Ouppakham from the position of Company Secretary, effective from February 28, 2025, onwards, and appointed Mr. Chawanin Tritavornyuenyong as the new Company Secretary in replacement of Ms. Weena Ouppakham, effective from March 1, 2025, onwards.
New Risk • Jan 11New 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 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Market cap is less than US$100m (฿1.56b market cap, or US$44.9m).
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to ฿3.10, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 26x in the Entertainment industry in Thailand. Total loss to shareholders of 86% over the past three years.
Buy Or Sell Opportunity • Dec 23Now 21% overvaluedOver the last 90 days, the stock has fallen 20% to ฿4.06. The fair value is estimated to be ฿3.36, 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. Earnings per share has declined by 38%.
Buy Or Sell Opportunity • Dec 06Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿4.14. The fair value is estimated to be ฿3.36, 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. Earnings per share has declined by 38%.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿4.00, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 30x in the Entertainment industry in Thailand. Total loss to shareholders of 82% over the past three years.
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.16 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.08 (down from ฿0.16 in 3Q 2023). Revenue: ฿265.8m (down 37% from 3Q 2023). Net income: ฿37.5m (down 55% from 3Q 2023). Profit margin: 14% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year whereas the company’s share price has fallen by 43% per year.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿5.20, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿4.40, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 73% over the past three years.
Buy Or Sell Opportunity • Sep 03Now 25% overvaluedOver the last 90 days, the stock has fallen 16% to ฿3.74. The fair value is estimated to be ฿2.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 37%.
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.84, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 78% over the past three years.
Buy Or Sell Opportunity • Aug 14Now 20% overvaluedOver the last 90 days, the stock has fallen 28% to ฿3.62. The fair value is estimated to be ฿3.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 37%.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.057 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.10 (up from ฿0.057 in 2Q 2023). Revenue: ฿270.9m (down 14% from 2Q 2023). Net income: ฿49.0m (up 70% from 2Q 2023). Profit margin: 18% (up from 9.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 42% per year.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿3.82, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 18x in the Entertainment industry in Thailand. Total loss to shareholders of 72% over the past three years.
Buy Or Sell Opportunity • Jul 02Now 8.8% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to ฿4.92. The fair value is estimated to be ฿5.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 36%.
Buy Or Sell Opportunity • Jun 20Now 29% overvaluedOver the last 90 days, the stock has fallen 56% to ฿3.06. The fair value is estimated to be ฿2.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 36%.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿3.02, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total loss to shareholders of 71% over the past three years.
New Risk • Jun 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.54b market cap, or US$41.8m).
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿3.76, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total loss to shareholders of 63% over the past three years.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.086 in 1Q 2023)First quarter 2024 results: EPS: ฿0.15. Revenue: ฿351.6k (down 100% from 1Q 2023). Net income: ฿76.9k (down 100% from 1Q 2023). Profit margin: 22% (up from 14% in 1Q 2023).
お知らせ • Apr 27Asphere Innovations Public Company Limited Refrains from Paying Dividend for the Accounting Period Ended December 31, 2023Asphere Innovations Public Company Limited at the Annual General Meeting held on 26 April 2024 approved the refrain from paying dividends for the Company's operating results for the accounting period ended on December 31, 2023.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿5.90, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total returns to shareholders of 1.0% over the past three years.
Reported Earnings • Mar 02Full year 2023 earnings released: EPS: ฿0.43 (vs ฿0.58 in FY 2022)Full year 2023 results: EPS: ฿0.43 (down from ฿0.58 in FY 2022). Revenue: ฿1.45b (down 8.0% from FY 2022). Net income: ฿218.3m (down 19% from FY 2022). Profit margin: 15% (down from 17% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Mar 01Asphere Innovations Public Company Limited, Annual General Meeting, Apr 26, 2024Asphere Innovations Public Company Limited, Annual General Meeting, Apr 26, 2024, at 14:00 SE Asia Standard Time. Agenda: To adopt the Minutes of the Annual General Meeting of Shareholders 2023; to acknowledge the Company’s operating results for the Year 2023; to approve the Statements of Financial Position and the Profit and Loss Statements for the year 2023; to approve the refrain from paying dividends for the Company's operating results for the accounting period ending on December 31, 2023; to elect directors to replace those who retired by rotation; to approve the directors’ remuneration; and to discuss other matters.
Board Change • Feb 16High number of new directorsDirector Teeradet Dumrongbhalasitr was the last director to join the board, commencing their role in 2024.
お知らせ • Feb 12Asphere Innovations Public Company Limited Announces Board ChangesAsphere Innovations Public Company Limited announced that Mr. Santithorn Bunchua has resigned from the position of director, due to being occupied with personal reasons that do not allow him to continue performing his duties in the position. The resignation has been effective since 12 February 2024 onward. The Board of Directors' meeting No. 3/2024, convened on 12 February 2024, has passed the resolution appointed Mr. Teeradet Dumrongbhalasitr to be a director in place of Mr. Santithorn Bunchua who resigned; thus, Mr. Teeradet Dumrongbhalasitr shall retain the position for the remaining term of the resigned director. The appointments are effective on 12 February 2024 onward.
お知らせ • Jan 16Asphere Innovations Public Company Limited (SET:AS) announces an Equity Buyback for 15,000,000 shares, representing 2.96% for THB 120 million.Prima Marine Public Company Limited (SET:PRM) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 2.96% of its issued share capital, for THB 120 million. The repurchase price will not exceed 115% of average closing price of 5 consecutive business days prior to each repurchase date. The purpose of the program is o increase the return on equity (ROE) and the earning per share (EPS). The repurchase program will be valid till April 18, 2024. As of March 29, 2023, the company had 506,716,514 shares outstanding.
New Risk • Nov 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 81% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 159% Cash payout ratio: 156% Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (7.7% increase in shares outstanding).
New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.70b (US$99.7m) This is considered a minor 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: Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Market cap is less than US$100m (฿3.70b market cap, or US$99.7m).
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿8.75, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Entertainment industry in Thailand. Total returns to shareholders of 59% over the past three years.
お知らせ • Sep 15Free Ocean Games Pte. Ltd. agreed to acquire a 61.68% stake in CIB Development Sdn. Bhd. from Asphere Innovations Public Company Limited (SET:AS) for MYR 12.3 million.Free Ocean Games Pte. Ltd. agreed to acquire a 61.68% stake in CIB Development Sdn. Bhd. from Asphere Innovations Public Company Limited (SET:AS) for MYR 12.3 million on September 14, 2023. The cash consideration is divided into 2 installments (the payment of first installment upon completing the relevant documents and migrating the application system and the last installment when completing the transfer of shares). Upon completion, CIB Development will cease to be a subsidiary of Asphere Innovations Public Company. The net asset of CIB Development was MYR 6.62 million, as of 30 June 2023. The transaction has been approved by the Board of Directors and the Audit Committee of Asphere Innovations Public Company. The transaction is expected to complete within the third quarter of 2023. The proceeds from disposition will be used for the working capital of Asphere Innovations Public Company.
Buying Opportunity • Aug 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be ฿14.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 7.0%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 99% in the next 2 years.
New Risk • Jun 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 121% Cash payout ratio: 187% High level of non-cash earnings (119% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (9.5% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿11.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Entertainment industry in Thailand. Total returns to shareholders of 700% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.21 per share.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.09 (down from ฿0.23 in 1Q 2022). Revenue: ฿320.1m (down 21% from 1Q 2022). Net income: ฿43.4m (down 58% from 1Q 2022). Profit margin: 14% (down from 26% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CEO, MD, Director & CEO of Blockchain & Innovation Technologies Kittipong Prucksa-Aroon was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 21Upcoming dividend of ฿0.23 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 March 2023. Payment date: 09 May 2023. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (2.5%).
Major Estimate Revision • Mar 14Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿1.91b to ฿1.58b. EPS estimate fell from ฿0.79 to ฿0.53 per share. Net income forecast to shrink 14% next year vs 53% growth forecast for Entertainment industry in Thailand . Consensus price target down from ฿18.30 to ฿12.55. Share price was steady at ฿13.00 over the past week.
Price Target Changed • Mar 09Price target decreased by 34% to ฿12.55Down from ฿19.05, the current price target is an average from 2 analysts. New target price is 5.6% below last closing price of ฿13.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.
Price Target Changed • Dec 01Price target decreased to ฿18.30Down from ฿19.85, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿16.40. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.69 for next year compared to ฿1.13 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Yanaphon Youngyuen was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Nov 03Now 20% undervaluedOver the last 90 days, the stock is up 6.4%. The fair value is estimated to be ฿20.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 13% in the next 2 years.
Buying Opportunity • Sep 14Now 23% undervaluedOver the last 90 days, the stock is up 41%. The fair value is estimated to be ฿25.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 13% in the next 2 years.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 24 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 58% and the cash payout ratio is 94%. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.4%). In line with average of industry peers (3.4%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.19 (vs ฿0.26 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.19 (down from ฿0.26 in 2Q 2021). Revenue: ฿399.0m (down 6.6% from 2Q 2021). Net income: ฿87.9m (down 20% from 2Q 2021). Profit margin: 22% (down from 26% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 18%, compared to a 34% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 172% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 15First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.23 (down from ฿0.25 in 1Q 2021). Revenue: ฿403.8m (down 6.0% from 1Q 2021). Net income: ฿103.0m (down 1.8% from 1Q 2021). Profit margin: 26% (up from 24% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 14%, compared to a 48% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 173% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Yanaphon Youngyuen was the last independent director to join the board, commencing their role in 2017. 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 • Apr 29Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿18.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Entertainment industry in Thailand. Total returns to shareholders of 2,190% over the past three years.
Price Target Changed • Apr 27Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ฿19.90. Stock is up 140% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.
Upcoming Dividend • Mar 04Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (2.7%).
Price Target Changed • Mar 02Price target increased to ฿24.00Up from ฿21.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ฿24.40. Stock is up 264% over the past year. The company is forecast to post earnings per share of ฿1.05 for next year compared to ฿1.13 last year.
Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿1.13 (up from ฿0.75 in FY 2020). Revenue: ฿1.86b (up 39% from FY 2020). Net income: ฿479.2m (up 56% from FY 2020). Profit margin: 26% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 11%, compared to a 45% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has increased by 205% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿23.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in Thailand. Total returns to shareholders of 3,363% over the past three years.
Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿22.90, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in Thailand. Total returns to shareholders of 3,348% over the past three years.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ฿0.30 (vs ฿0.25 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿503.0m (up 37% from 3Q 2020). Net income: ฿128.7m (up 25% from 3Q 2020). Profit margin: 26% (down from 28% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 173% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿19.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Entertainment industry in Asia. Total returns to shareholders of 1,691% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿15.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Entertainment industry in Asia. Total returns to shareholders of 1,283% over the past three years.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.7%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.26 (vs ฿0.29 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿427.3m (down 5.1% from 2Q 2020). Net income: ฿110.1m (down 6.6% from 2Q 2020). Profit margin: 26% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿17.70, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Entertainment industry in Asia. Total returns to shareholders of 1,457% over the past three years.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improved over the past weekAfter last week's 38% share price gain to ฿18.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 1,236% over the past three years.
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿13.00, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 55x in the Entertainment industry in Thailand. Total returns to shareholders of 825% over the past three years.
Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿12.20, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 59x in the Entertainment industry in Thailand. Total returns to shareholders of 642% over the past three years.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.25 (vs ฿0.05 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿429.6m (up 126% from 1Q 2020). Net income: ฿104.8m (up 412% from 1Q 2020). Profit margin: 24% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 91% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿8.95, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 51x in the Entertainment industry in Thailand. Total returns to shareholders of 435% over the past three years.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.25, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 52x in the Entertainment industry in Thailand. Total returns to shareholders of 317% over the past three years.
Executive Departure • Mar 03Company Secretary has left the companyOn the 1st of March, Chonthicha Sombatmongkol's tenure as Company Secretary ended after 3.8 years in the role. We don't have any record of a personal shareholding under Chonthicha's name. Chonthicha is the only executive to leave the company over the last 12 months.
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.75 (vs ฿0.011 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.34b (up 75% from FY 2019). Net income: ฿307.0m (up ฿302.7m from FY 2019). Profit margin: 23% (up from 0.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿7.85, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 38x in the Entertainment industry in Thailand. Total returns to shareholders over the past three years are 341%.