View ValuationAssetwise 将来の成長Future 基準チェック /36Assetwise利益と収益がそれぞれ年間18%と18.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16.1% 14%なると予測されています。主要情報18.0%収益成長率14.01%EPS成長率Real Estate 収益成長6.6%収益成長率18.1%将来の株主資本利益率16.09%アナリストカバレッジLow最終更新日08 May 2026今後の成長に関する最新情報Price Target Changed • Nov 15Price target increased by 11% to ฿8.42Up from ฿7.62, the current price target is an average from 3 analysts. New target price is 39% above last closing price of ฿6.05. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿1.62 last year.Major Estimate Revision • May 15Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ฿1.43 to ฿1.14. Revenue forecast unchanged from ฿9.32b at last update. Net income forecast to shrink 15% next year vs 4.9% growth forecast for Real Estate industry in Thailand . Consensus price target down from ฿8.55 to ฿7.10. Share price was steady at ฿6.85 over the past week.Price Target Changed • May 06Price target decreased by 14% to ฿7.85Down from ฿9.15, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿7.00. Stock is down 13% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.62 last year.Price Target Changed • Feb 15Price target decreased by 13% to ฿9.15Down from ฿10.55, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ฿7.50. Stock is down 10% over the past year. The company is forecast to post earnings per share of ฿1.46 for next year compared to ฿1.25 last year.Major Estimate Revision • Nov 02Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿8.61b to ฿9.49b. EPS estimate increased from ฿1.35 to ฿1.45 per share. Net income forecast to shrink 8.4% next year vs 1.9% growth forecast for Real Estate industry in Thailand . Consensus price target up from ฿9.65 to ฿10.55. Share price was steady at ฿8.05 over the past week.すべての更新を表示Recent updatesReported Earnings • May 13First quarter 2026 earnings released: EPS: ฿0.26 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.26 (up from ฿0.22 in 1Q 2025). Revenue: ฿2.15b (up 20% from 1Q 2025). Net income: ฿229.6m (up 14% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.Upcoming Dividend • Apr 23Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.7%).Buy Or Sell Opportunity • Mar 16Now 20% undervaluedOver the last 90 days, the stock has risen 26% to ฿7.50. The fair value is estimated to be ฿9.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿1.20 (vs ฿1.62 in FY 2024)Full year 2025 results: EPS: ฿1.20 (down from ฿1.62 in FY 2024). Revenue: ฿9.42b (down 5.2% from FY 2024). Net income: ฿1.08b (down 26% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.New Risk • Feb 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).お知らせ • Feb 20+ 1 more updateAssetwise Public Company Limited announces Annual dividend, payable on May 22, 2026Assetwise Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 22, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿6.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Thailand. Total loss to shareholders of 9.7% over the past three years.Price Target Changed • Nov 15Price target increased by 11% to ฿8.42Up from ฿7.62, the current price target is an average from 3 analysts. New target price is 39% above last closing price of ฿6.05. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿1.62 last year.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ฿0.32 (vs ฿0.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.32 (down from ฿0.50 in 3Q 2024). Revenue: ฿2.60b (down 17% from 3Q 2024). Net income: ฿289.5m (down 36% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Aug 26Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897).Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025. Assetwise Public Company Limited (SET:ASW) completed the acquisition of 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.66 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.22 (down from ฿0.66 in 2Q 2024). Revenue: ฿1.82b (down 37% from 2Q 2024). Net income: ฿198.5m (down 67% from 2Q 2024). Profit margin: 11% (down from 21% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate 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 fallen by 6% per year, which means it is significantly lagging earnings.Major Estimate Revision • May 15Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ฿1.43 to ฿1.14. Revenue forecast unchanged from ฿9.32b at last update. Net income forecast to shrink 15% next year vs 4.9% growth forecast for Real Estate industry in Thailand . Consensus price target down from ฿8.55 to ฿7.10. Share price was steady at ฿6.85 over the past week.Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.28 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (down from ฿0.28 in 1Q 2024). Revenue: ฿1.79b (up 2.5% from 1Q 2024). Net income: ฿201.4m (down 21% from 1Q 2024). Profit margin: 11% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • May 06Price target decreased by 14% to ฿7.85Down from ฿9.15, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿7.00. Stock is down 13% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.62 last year.お知らせ • Apr 24Assetwise Public Company Limited Approves Omission of Dividend Payment for the Period Ending on December 31, 2024Assetwise Public Company Limited at its AGM held on April 24, 2025, approved the omission of dividend payment for the Company's operating results of the accounting period ending on December 31, 2024.Reported Earnings • Feb 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.62 (up from ฿1.25 in FY 2023). Revenue: ฿9.94b (up 47% from FY 2023). Net income: ฿1.46b (up 33% from FY 2023). Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Feb 21+ 1 more updateAssetwise Public Company Limited Proposes Omission of Dividend Payment for the Year 2024Assetwise Public Company Limited proposed to approve the omitted dividend payment for the year 2024 due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth.Price Target Changed • Feb 15Price target decreased by 13% to ฿9.15Down from ฿10.55, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ฿7.50. Stock is down 10% over the past year. The company is forecast to post earnings per share of ฿1.46 for next year compared to ฿1.25 last year.New Risk • Nov 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Major Estimate Revision • Nov 02Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿8.61b to ฿9.49b. EPS estimate increased from ฿1.35 to ฿1.45 per share. Net income forecast to shrink 8.4% next year vs 1.9% growth forecast for Real Estate industry in Thailand . Consensus price target up from ฿9.65 to ฿10.55. Share price was steady at ฿8.05 over the past week.New Risk • Oct 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.66 (vs ฿0.18 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.66 (up from ฿0.18 in 2Q 2023). Revenue: ฿2.87b (up 130% from 2Q 2023). Net income: ฿593.1m (up 278% from 2Q 2023). Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.28 (down from ฿0.33 in 1Q 2023). Revenue: ฿1.75b (up 8.6% from 1Q 2023). Net income: ฿256.3m (down 9.4% from 1Q 2023). Profit margin: 15% (down from 18% in 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Apr 23Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (4.6%).Declared Dividend • Feb 26Dividend reduced to ฿0.25Dividend of ฿0.25 is 52% lower than last year. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 137% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿1.25 (down from ฿1.31 in FY 2022). Revenue: ฿6.77b (up 24% from FY 2022). Net income: ฿1.09b (down 2.4% from FY 2022). Profit margin: 16% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Real Estate industry in Thailand.お知らせ • Feb 23+ 1 more updateAssetwise Public Company Limited Proposes Dividend for the Year 2023, Payable on May 21, 2024Assetwise Public Company Limited at its AGM to be held on April 23, 2024 approved to propose the dividend payment for the year 2023 at the rate of THB 0.25 per share or value not exceeding THB 224,780,279.75 by paying in cash which was made equivalent to 20.58% of the net profit recorded under the consolidated financial statements. The 2023 dividend payment is not complied by the Company's dividend payment policy due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth. The date for determining the list of shareholders who are entitled to receive dividends (Record Date) is May 2, 2024 and the dividend payment date is May 21, 2024.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.22 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.19 (down from ฿0.22 in 3Q 2022). Revenue: ฿1.68b (up 90% from 3Q 2022). Net income: ฿168.4m (down 12% from 3Q 2022). Profit margin: 10.0% (down from 22% in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Real Estate industry in Thailand.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.32 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.18 (down from ฿0.32 in 2Q 2022). Revenue: ฿1.25b (down 22% from 2Q 2022). Net income: ฿156.8m (down 43% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Real Estate industry in Thailand.お知らせ • Jul 22Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million.Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million. Security Name: Ordinary shares Security Type: Common Stock Securities Offered: 43,000,000 Price\Range: THB 8.4New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (5.0% increase in shares outstanding).お知らせ • Jul 15Assetwise Public Company Limited announced that it has received THB 361.2 million in fundingOn July 13, 2023, Assetwise Public Company Limited closed the transaction.お知らせ • Jul 13+ 1 more updateAssetwise Public Company Limited announced that it expects to receive THB 361.2 million in fundingAssetwise Public Company Limited announced a private placement of not more than 43,000,000 common shares at an issue price of THB 8.40 per share for gross proceeds of not more than THB 361,200,000 on July 11, 2023. The transaction included participation from Dendanai Hutajuta for 43,000,000 common shares. The transaction was approved by the board of directors of the company. The transaction is expected to close on July 13, 2023.Upcoming Dividend • Apr 21Upcoming dividend of ฿0.52 per share at 6.0% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.0%).Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.18 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.22 (up from ฿0.18 in 3Q 2021). Revenue: ฿881.2m (down 22% from 3Q 2021). Net income: ฿191.0m (up 22% from 3Q 2021). Profit margin: 22% (up from 14% in 3Q 2021). The increase in margin was driven by lower expenses.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.32 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.32. Revenue: ฿1.61b (up 45% from 2Q 2021). Net income: ฿272.6m (up 5.7% from 2Q 2021). Profit margin: 17% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses.Reported Earnings • May 13First quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.51 in 1Q 2021)First quarter 2022 results: EPS: ฿0.26 (down from ฿0.51 in 1Q 2021). Revenue: ฿1.27b (up 8.2% from 1Q 2021). Net income: ฿225.9m (down 30% from 1Q 2021). Profit margin: 18% (down from 27% in 1Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.21 (down from ฿1.40 in FY 2020). Revenue: ฿4.93b (up 17% from FY 2020). Net income: ฿951.4m (up 8.9% from FY 2020). Profit margin: 19% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.58 (vs ฿0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.17b (up 99% from 1Q 2020). Net income: ฿320.3m (up 330% from 1Q 2020). Profit margin: 27% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue.業績と収益の成長予測SET:ASW - 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12/31/202816,0761,7791,584N/A112/31/202715,3381,7082,0541,621212/31/202612,8911,4342,155-34023/31/20269,7761,106-2,829-2,233N/A12/31/20259,4191,078-2,016-1,601N/A9/30/20258,388846-2,505-2,105N/A6/30/20258,9331,007-1,810-1,279N/A3/31/20259,9841,4026371,172N/A12/31/20249,9411,45724686N/A9/30/202410,1331,7841,6032,268N/A6/30/20248,7631,502404921N/A3/31/20247,1591,066-3,241-2,717N/A12/31/20237,1471,092-2,996-2,558N/A9/30/20236,6561,037-3,797-3,567N/A6/30/20235,7601,060-4,324-4,133N/A3/31/20236,1031,176-3,095-2,909N/A12/31/20225,4831,119-3,147-2,966N/A9/30/20225,121906-2,766-2,599N/A6/30/20225,374872-1,476-1,305N/A3/31/20224,873857-1,487-1,358N/A12/31/20214,928951-1,280-1,182N/A9/30/20215,4441,298-195-110N/A6/30/20214,9841,231196268N/A3/31/20214,7871,120750822N/A12/31/20204,205874165240N/A3/31/20202,732372-988-876N/A12/31/20192,625325N/A-398N/A12/31/20184,346408N/A-217N/A12/31/2017837-70N/A-1,121N/A12/31/20162,008111N/A-231N/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: ASWの予測収益成長率 (年間18% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: ASWの収益 ( 18% ) はTH市場 ( 10.6% ) よりも速いペースで成長すると予測されています。高成長収益: ASWの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: ASWの収益 ( 18.1% ) TH市場 ( 9.8% ) よりも速いペースで成長すると予測されています。高い収益成長: ASWの収益 ( 18.1% ) 20%よりも低い成長が予測されています。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: ASWの 自己資本利益率 は、3年後には低くなると予測されています ( 16.1 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 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2026/05/27 19:22終値2026/05/27 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Assetwise Public Company Limited 3 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。4 アナリスト機関Thanyatorn SongwuttiFSS International AdvisoryAdisorn MuangparnchonPhillip Securities (Thailand) PCLTotsawan TammasukPhillip Securities (Thailand) PCL1 その他のアナリストを表示
Price Target Changed • Nov 15Price target increased by 11% to ฿8.42Up from ฿7.62, the current price target is an average from 3 analysts. New target price is 39% above last closing price of ฿6.05. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿1.62 last year.
Major Estimate Revision • May 15Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ฿1.43 to ฿1.14. Revenue forecast unchanged from ฿9.32b at last update. Net income forecast to shrink 15% next year vs 4.9% growth forecast for Real Estate industry in Thailand . Consensus price target down from ฿8.55 to ฿7.10. Share price was steady at ฿6.85 over the past week.
Price Target Changed • May 06Price target decreased by 14% to ฿7.85Down from ฿9.15, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿7.00. Stock is down 13% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.62 last year.
Price Target Changed • Feb 15Price target decreased by 13% to ฿9.15Down from ฿10.55, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ฿7.50. Stock is down 10% over the past year. The company is forecast to post earnings per share of ฿1.46 for next year compared to ฿1.25 last year.
Major Estimate Revision • Nov 02Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿8.61b to ฿9.49b. EPS estimate increased from ฿1.35 to ฿1.45 per share. Net income forecast to shrink 8.4% next year vs 1.9% growth forecast for Real Estate industry in Thailand . Consensus price target up from ฿9.65 to ฿10.55. Share price was steady at ฿8.05 over the past week.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: ฿0.26 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.26 (up from ฿0.22 in 1Q 2025). Revenue: ฿2.15b (up 20% from 1Q 2025). Net income: ฿229.6m (up 14% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.7%).
Buy Or Sell Opportunity • Mar 16Now 20% undervaluedOver the last 90 days, the stock has risen 26% to ฿7.50. The fair value is estimated to be ฿9.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿1.20 (vs ฿1.62 in FY 2024)Full year 2025 results: EPS: ฿1.20 (down from ฿1.62 in FY 2024). Revenue: ฿9.42b (down 5.2% from FY 2024). Net income: ฿1.08b (down 26% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.
New Risk • Feb 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).
お知らせ • Feb 20+ 1 more updateAssetwise Public Company Limited announces Annual dividend, payable on May 22, 2026Assetwise Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 22, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿6.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Thailand. Total loss to shareholders of 9.7% over the past three years.
Price Target Changed • Nov 15Price target increased by 11% to ฿8.42Up from ฿7.62, the current price target is an average from 3 analysts. New target price is 39% above last closing price of ฿6.05. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿1.62 last year.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ฿0.32 (vs ฿0.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.32 (down from ฿0.50 in 3Q 2024). Revenue: ฿2.60b (down 17% from 3Q 2024). Net income: ฿289.5m (down 36% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Aug 26Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897).Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025. Assetwise Public Company Limited (SET:ASW) completed the acquisition of 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.66 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.22 (down from ฿0.66 in 2Q 2024). Revenue: ฿1.82b (down 37% from 2Q 2024). Net income: ฿198.5m (down 67% from 2Q 2024). Profit margin: 11% (down from 21% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate 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 fallen by 6% per year, which means it is significantly lagging earnings.
Major Estimate Revision • May 15Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ฿1.43 to ฿1.14. Revenue forecast unchanged from ฿9.32b at last update. Net income forecast to shrink 15% next year vs 4.9% growth forecast for Real Estate industry in Thailand . Consensus price target down from ฿8.55 to ฿7.10. Share price was steady at ฿6.85 over the past week.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.28 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (down from ฿0.28 in 1Q 2024). Revenue: ฿1.79b (up 2.5% from 1Q 2024). Net income: ฿201.4m (down 21% from 1Q 2024). Profit margin: 11% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • May 06Price target decreased by 14% to ฿7.85Down from ฿9.15, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿7.00. Stock is down 13% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.62 last year.
お知らせ • Apr 24Assetwise Public Company Limited Approves Omission of Dividend Payment for the Period Ending on December 31, 2024Assetwise Public Company Limited at its AGM held on April 24, 2025, approved the omission of dividend payment for the Company's operating results of the accounting period ending on December 31, 2024.
Reported Earnings • Feb 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.62 (up from ฿1.25 in FY 2023). Revenue: ฿9.94b (up 47% from FY 2023). Net income: ฿1.46b (up 33% from FY 2023). Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Feb 21+ 1 more updateAssetwise Public Company Limited Proposes Omission of Dividend Payment for the Year 2024Assetwise Public Company Limited proposed to approve the omitted dividend payment for the year 2024 due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth.
Price Target Changed • Feb 15Price target decreased by 13% to ฿9.15Down from ฿10.55, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ฿7.50. Stock is down 10% over the past year. The company is forecast to post earnings per share of ฿1.46 for next year compared to ฿1.25 last year.
New Risk • Nov 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Major Estimate Revision • Nov 02Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿8.61b to ฿9.49b. EPS estimate increased from ฿1.35 to ฿1.45 per share. Net income forecast to shrink 8.4% next year vs 1.9% growth forecast for Real Estate industry in Thailand . Consensus price target up from ฿9.65 to ฿10.55. Share price was steady at ฿8.05 over the past week.
New Risk • Oct 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.66 (vs ฿0.18 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.66 (up from ฿0.18 in 2Q 2023). Revenue: ฿2.87b (up 130% from 2Q 2023). Net income: ฿593.1m (up 278% from 2Q 2023). Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.28 (down from ฿0.33 in 1Q 2023). Revenue: ฿1.75b (up 8.6% from 1Q 2023). Net income: ฿256.3m (down 9.4% from 1Q 2023). Profit margin: 15% (down from 18% in 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (4.6%).
Declared Dividend • Feb 26Dividend reduced to ฿0.25Dividend of ฿0.25 is 52% lower than last year. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 137% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿1.25 (down from ฿1.31 in FY 2022). Revenue: ฿6.77b (up 24% from FY 2022). Net income: ฿1.09b (down 2.4% from FY 2022). Profit margin: 16% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Real Estate industry in Thailand.
お知らせ • Feb 23+ 1 more updateAssetwise Public Company Limited Proposes Dividend for the Year 2023, Payable on May 21, 2024Assetwise Public Company Limited at its AGM to be held on April 23, 2024 approved to propose the dividend payment for the year 2023 at the rate of THB 0.25 per share or value not exceeding THB 224,780,279.75 by paying in cash which was made equivalent to 20.58% of the net profit recorded under the consolidated financial statements. The 2023 dividend payment is not complied by the Company's dividend payment policy due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth. The date for determining the list of shareholders who are entitled to receive dividends (Record Date) is May 2, 2024 and the dividend payment date is May 21, 2024.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.22 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.19 (down from ฿0.22 in 3Q 2022). Revenue: ฿1.68b (up 90% from 3Q 2022). Net income: ฿168.4m (down 12% from 3Q 2022). Profit margin: 10.0% (down from 22% in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Real Estate industry in Thailand.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.32 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.18 (down from ฿0.32 in 2Q 2022). Revenue: ฿1.25b (down 22% from 2Q 2022). Net income: ฿156.8m (down 43% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Real Estate industry in Thailand.
お知らせ • Jul 22Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million.Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million. Security Name: Ordinary shares Security Type: Common Stock Securities Offered: 43,000,000 Price\Range: THB 8.4
New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (5.0% increase in shares outstanding).
お知らせ • Jul 15Assetwise Public Company Limited announced that it has received THB 361.2 million in fundingOn July 13, 2023, Assetwise Public Company Limited closed the transaction.
お知らせ • Jul 13+ 1 more updateAssetwise Public Company Limited announced that it expects to receive THB 361.2 million in fundingAssetwise Public Company Limited announced a private placement of not more than 43,000,000 common shares at an issue price of THB 8.40 per share for gross proceeds of not more than THB 361,200,000 on July 11, 2023. The transaction included participation from Dendanai Hutajuta for 43,000,000 common shares. The transaction was approved by the board of directors of the company. The transaction is expected to close on July 13, 2023.
Upcoming Dividend • Apr 21Upcoming dividend of ฿0.52 per share at 6.0% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.0%).
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.18 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.22 (up from ฿0.18 in 3Q 2021). Revenue: ฿881.2m (down 22% from 3Q 2021). Net income: ฿191.0m (up 22% from 3Q 2021). Profit margin: 22% (up from 14% in 3Q 2021). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.32 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.32. Revenue: ฿1.61b (up 45% from 2Q 2021). Net income: ฿272.6m (up 5.7% from 2Q 2021). Profit margin: 17% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.51 in 1Q 2021)First quarter 2022 results: EPS: ฿0.26 (down from ฿0.51 in 1Q 2021). Revenue: ฿1.27b (up 8.2% from 1Q 2021). Net income: ฿225.9m (down 30% from 1Q 2021). Profit margin: 18% (down from 27% in 1Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.21 (down from ฿1.40 in FY 2020). Revenue: ฿4.93b (up 17% from FY 2020). Net income: ฿951.4m (up 8.9% from FY 2020). Profit margin: 19% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.58 (vs ฿0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.17b (up 99% from 1Q 2020). Net income: ฿320.3m (up 330% from 1Q 2020). Profit margin: 27% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue.