View Future GrowthCom7 過去の業績過去 基準チェック /66Com7は、平均年間12.3%の収益成長を遂げていますが、 Specialty Retail業界の収益は、年間 成長しています。収益は、平均年間9.8% 14.7%収益成長率で 成長しています。 Com7の自己資本利益率は37.2%であり、純利益率は4.6%です。主要情報12.34%収益成長率12.72%EPS成長率Specialty Retail 業界の成長7.57%収益成長率14.67%株主資本利益率37.22%ネット・マージン4.65%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Feb 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.71 (up from ฿1.39 in FY 2024). Revenue: ฿87.5b (up 10% from FY 2024). Net income: ฿4.06b (up 23% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ฿0.37 (up from ฿0.30 in 3Q 2024). Revenue: ฿19.3b (up 6.9% from 3Q 2024). Net income: ฿872.0m (up 23% from 3Q 2024). Profit margin: 4.5% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.43 (up from ฿0.32 in 2Q 2024). Revenue: ฿20.8b (up 13% from 2Q 2024). Net income: ฿1.00b (up 33% from 2Q 2024). Profit margin: 4.8% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.42 (up from ฿0.34 in 1Q 2024). Revenue: ฿20.9b (up 8.6% from 1Q 2024). Net income: ฿980.7m (up 19% from 1Q 2024). Profit margin: 4.7% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.39 (up from ฿1.19 in FY 2023). Revenue: ฿79.2b (up 14% from FY 2023). Net income: ฿3.31b (up 16% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.30 (vs ฿0.26 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.30 (up from ฿0.26 in 3Q 2023). Revenue: ฿18.0b (up 10% from 3Q 2023). Net income: ฿708.8m (up 16% from 3Q 2023). Profit margin: 3.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail 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 11% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesReported Earnings • Feb 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.71 (up from ฿1.39 in FY 2024). Revenue: ฿87.5b (up 10% from FY 2024). Net income: ฿4.06b (up 23% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Declared Dividend • Feb 26Dividend increased to ฿1.10Dividend of ฿1.10 is 28% higher than last year. Ex-date: 10th March 2026 Payment date: 8th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 24% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 25+ 1 more updateCom7 Public Company Limited announces Annual dividend, payable on May 08, 2026Com7 Public Company Limited announced Annual dividend of THB 1.1000 per share payable on May 08, 2026, ex-date on March 10, 2026 and record date on March 11, 2026.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ฿0.37 (up from ฿0.30 in 3Q 2024). Revenue: ฿19.3b (up 6.9% from 3Q 2024). Net income: ฿872.0m (up 23% from 3Q 2024). Profit margin: 4.5% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Nov 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to ฿23.50. The fair value is estimated to be ฿29.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.New Risk • Aug 15New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 98% Dividend yield: 3.5% 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: Minor Risks High level of debt (82% net debt to equity). Dividend is not well covered by cash flows (98% cash payout ratio).Reported Earnings • Aug 15Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.43 (up from ฿0.32 in 2Q 2024). Revenue: ฿20.8b (up 13% from 2Q 2024). Net income: ฿1.00b (up 33% from 2Q 2024). Profit margin: 4.8% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jun 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to ฿17.60. The fair value is estimated to be ฿22.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.お知らせ • Jun 13Com7 Public Company Limited Announces Appointment of Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025Com7 Public Company Limited announced appointment of Mr. Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025. The Audit Committee is consisted of CHAIRMAN OF THE AUDIT COMMITTEE Mr. SIRIPONG SOMBUTSIRI 2 Year 10 Month AUDIT COMMITTEE Mr. PLAKORN WANGLEE 1 Year 10 Month AUDIT COMMITTEE Mr. KASHPOL CHULAJATA 10 Month SECRETARY OF THE AUDIT COMMITTEE Ms. WORANAN JIRATHAMKUL.Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿18.80. The fair value is estimated to be ฿23.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.42 (up from ฿0.34 in 1Q 2024). Revenue: ฿20.9b (up 8.6% from 1Q 2024). Net income: ฿980.7m (up 19% from 1Q 2024). Profit margin: 4.7% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Apr 29Com7 Public Company Limited Approves Dividend for 2024, Payable on 15 May 2025Com7 Public Company Limited at its Annual General Meeting of Shareholders held on 28 April 2025, approved the dividend payment to the shareholders from the net profits of 2024 operating results at the rate of THB 0.86 per share, for 2,354,998,265 shares, totaling THB 2,025,298,507.90. The lists of shareholders who are eligible to receive dividends are fixed on 11 March 2025 (Record Date), and dividend payment is scheduled on 15 May 2025.Declared Dividend • Mar 02Dividend increased to ฿0.86Dividend of ฿0.86 is 23% higher than last year. Ex-date: 10th March 2025 Payment date: 15th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 26Com7 Public Company Limited Proposes Dividend of the Year 2024Com7 Public Company Limited proposed to the 2025 AGM for consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2024 to the shareholders at the rate of THB 0.86 Baht per share, for 2,354,998,265 shares by excluding treasury shares, totaling THB 2,025,298,507.90 by scheduling for 11 March 2025 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders shall be within 15 May 2025. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.Reported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.39 (up from ฿1.19 in FY 2023). Revenue: ฿79.2b (up 14% from FY 2023). Net income: ฿3.31b (up 16% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Feb 25Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025, at 10:00 SE Asia Standard Time.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.30 (vs ฿0.26 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.30 (up from ฿0.26 in 3Q 2023). Revenue: ฿18.0b (up 10% from 3Q 2023). Net income: ฿708.8m (up 16% from 3Q 2023). Profit margin: 3.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail 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 11% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 16Price target increased by 9.0% to ฿26.74Up from ฿24.53, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ฿26.50. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿1.35 for next year compared to ฿1.19 last year.Price Target Changed • Aug 22Price target increased by 7.4% to ฿22.90Up from ฿21.32, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿23.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.Buy Or Sell Opportunity • Aug 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ฿22.60. The fair value is estimated to be ฿18.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues in line with analyst expectationsSecond quarter 2024 results: Revenue: ฿18.4b (up 15% from 2Q 2023). Net income: ฿752.3m (up 6.8% from 2Q 2023). Profit margin: 4.1% (down from 4.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Thailand.Price Target Changed • Aug 10Price target decreased by 8.6% to ฿21.32Down from ฿23.33, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of ฿20.20. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.26 for next year compared to ฿1.19 last year.Buy Or Sell Opportunity • Jul 23Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ฿20.30. The fair value is estimated to be ฿16.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Buy Or Sell Opportunity • Jul 01Now 26% overvaluedOver the last 90 days, the stock has fallen 1.0% to ฿19.00. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Buy Or Sell Opportunity • Jun 28Now 25% overvaluedOver the last 90 days, the stock has fallen 2.6% to ฿18.60. The fair value is estimated to be ฿14.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.お知らせ • Jun 28Com7 Public Company Limited (SET:COM7) announces an Equity Buyback for 45,000,000 shares, representing 1.88% for THB 800 million.Com7 Public Company Limited (SET:COM7) announces a share repurchase program. Under the program, the company will repurchase up to 45,000,000 common shares, representing 1.88% of its issued share capital for THB 800 million. The shares will be repurchased at a price not exceeding 115% of the average closing price of five consecutive business days prior to each repurchase date. The program is being conducted for financial management purposes like to manage the excess liquidity of the company, enhance the ratios like return on equity and the earning per share. The repurchased shares will be resold or written off. The program will expire on December 31, 2024. As of March 8, 2024, the company had 2,399,998,265 issued and outstanding shares.Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.34 (vs ฿0.36 in 1Q 2023)First quarter 2024 results: EPS: ฿0.34 (down from ฿0.36 in 1Q 2023). Revenue: ฿19.3b (up 12% from 1Q 2023). Net income: ฿821.8m (down 5.9% from 1Q 2023). Profit margin: 4.3% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 02Price target decreased by 8.0% to ฿24.86Down from ฿27.03, the current price target is an average from 9 analysts. New target price is 29% above last closing price of ฿19.20. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.Buy Or Sell Opportunity • Mar 21Now 23% overvaluedOver the last 90 days, the stock has fallen 21% to ฿18.60. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Price Target Changed • Feb 29Price target decreased by 8.6% to ฿27.82Down from ฿30.44, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿20.70. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.19 last year.Upcoming Dividend • Feb 29Upcoming dividend of ฿0.70 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.6%).Declared Dividend • Feb 24Dividend reduced to ฿0.70Dividend of ฿0.70 is 6.7% lower than last year. Ex-date: 7th March 2024 Payment date: 10th May 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (dividend approximately 34x free cash flows). The dividend has increased by an average of 28% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 23Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024, at 03:00 Coordinated Universal Time. Agenda: To consider and certify the minutes of the 2023 Annual General Meeting of Shareholders; to consider and acknowledge the Company's 2023 operating result; to consider and approve the consolidated financial statements for the year ended 31 December 2023; to consider and approve the payment of dividends to shareholders from the operating result ended 31 December 2023; To consider and approve the appointment of auditors and the determination of the audit fee for the year 2024; to consider and approve the appointment of directors replacing those retire by rotation; to consider and approve the determination of the director's remuneration for the year 2024; and to consider Other business (if any).Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿1.19 (vs ฿1.27 in FY 2022)Full year 2023 results: EPS: ฿1.19 (down from ฿1.27 in FY 2022). Revenue: ฿69.6b (up 11% from FY 2022). Net income: ฿2.86b (down 5.9% from FY 2022). Profit margin: 4.1% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Feb 23Com7 Public Company Limited Proposes Dividend of the Year 2023Com7 Public Company Limited at its Meeting held on February 22, 2024 resolved to propose to the 2024 AGM for the consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2023 to the shareholders at the rate of THB 0.70 per share, for 2,384,998,265 shares by excluding treasury shares, totaling THB 1,669,498,785.50 by scheduling for 8 March 2024 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders at 10 May 2024. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.Price Target Changed • Nov 17Price target decreased by 11% to ฿33.66Down from ฿37.79, the current price target is an average from 8 analysts. New target price is 46% above last closing price of ฿23.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.27 last year.Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ฿0.25 (down from ฿0.30 in 3Q 2022). Revenue: ฿16.3b (up 8.5% from 3Q 2022). Net income: ฿611.4m (down 16% from 3Q 2022). Profit margin: 3.7% (down from 4.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.New Risk • Nov 13New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change).Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿21.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.35 per share.New Risk • Aug 10New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share).Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: ฿0.29 (up from ฿0.26 in 2Q 2022). Revenue: ฿16.0b (up 11% from 2Q 2022). Net income: ฿704.1m (up 14% from 2Q 2022). Profit margin: 4.4% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.36 (vs ฿0.33 in 1Q 2022)First quarter 2023 results: EPS: ฿0.36 (up from ฿0.33 in 1Q 2022). Revenue: ฿17.3b (up 18% from 1Q 2022). Net income: ฿873.7m (up 12% from 1Q 2022). Profit margin: 5.0% (down from 5.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 30% per year.Board Change • Mar 30Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somboon Aueatchasai was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Mar 01Upcoming dividend of ฿0.75 per share at 2.4% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.6%). In line with average of industry peers (2.2%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Oct 03Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿35.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 32% in the next 2 years.Price Target Changed • Aug 25Price target decreased to ฿39.10Down from ฿42.73, the current price target is an average from 5 analysts. New target price is 8.6% above last closing price of ฿36.00. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of ฿1.25 for next year compared to ฿1.10 last year.Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿1.07 to ฿1.42. Revenue forecast unchanged at ฿61.3b. Net income forecast to grow 24% next year vs 21% growth forecast for Specialty Retail industry in Thailand. Consensus price target of ฿47.00 unchanged from last update. Share price rose 3.4% to ฿37.50 over the past week.Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.33 (up from ฿0.23 in 1Q 2021). Revenue: ฿14.7b (up 23% from 1Q 2021). Net income: ฿783.2m (up 39% from 1Q 2021). Profit margin: 5.3% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 17%, compared to a 8.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Price Target Changed • Mar 10Price target increased to ฿94.00Up from ฿87.07, the current price target is an average from 4 analysts. New target price is 125% above last closing price of ฿41.75. Stock is up 49% over the past year. The company is forecast to post earnings per share of ฿2.15 for next year compared to ฿2.19 last year.Major Estimate Revision • Mar 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿55.6b to ฿61.4b. EPS estimate fell from ฿2.45 to ฿2.15. Net income forecast to grow 28% next year vs 20% growth forecast for Specialty Retail industry in Thailand. Consensus price target up from ฿87.07 to ฿92.00. Share price was steady at ฿82.25 over the past week.Reported Earnings • Mar 02Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿2.19 (up from ฿1.24 in FY 2020). Revenue: ฿51.3b (up 37% from FY 2020). Net income: ฿2.63b (up 77% from FY 2020). Profit margin: 5.1% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 8.4%, compared to a 11% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Dec 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.49 (vs ฿0.23 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿11.5b (up 49% from 2Q 2020). Net income: ฿587.0m (up 114% from 2Q 2020). Profit margin: 5.1% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.47 (vs ฿0.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿12.0b (up 47% from 1Q 2020). Net income: ฿565.6m (up 97% from 1Q 2020). Profit margin: 4.7% (up from 3.5% 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 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 09Price target increased to ฿66.80Up from ฿59.04, the current price target is an average from 6 analysts. New target price is 9.7% below last closing price of ฿74.00. Stock is up 254% over the past year.Upcoming Dividend • Apr 25Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 29 April 2021. Payment date: 21 May 2021. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.1%).Price Target Changed • Mar 02Price target raised to ฿53.08Up from ฿46.50, the current price target is an average from 6 analysts. The new target price is close to the current share price of ฿54.50. As of last close, the stock is up 141% over the past year.Major Estimate Revision • Mar 02Analysts increase EPS estimates to ฿1.54The 2021 consensus revenue estimate increased from ฿41.2b to ฿42.6b. The earnings per share estimate also received an upgrade from ฿1.40 to ฿1.54 for the same period. Net income is expected to grow by 24% next year compared to 26% growth forecast for the Specialty Retail industry in Thailand. The consensus price target increased from ฿46.50 to ฿53.08. Share price is up 20% to ฿54.50 over the past week.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿54.50, the stock is trading at a trailing P/E ratio of 44x, up from the previous P/E ratio of 36.7x. This compares to an average P/E of 29x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 216%.Is New 90 Day High Low • Feb 25New 90-day high: ฿51.25The company is up 27% from its price of ฿40.25 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.60 per share.Analyst Estimate Surprise Post Earnings • Feb 24Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 9.9%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand.Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿1.24 (vs ฿1.01 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿37.5b (up 12% from FY 2019). Net income: ฿1.49b (up 23% from FY 2019). Profit margin: 4.0% (up from 3.6% 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 27% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 03New 90-day high: ฿45.25The company is up 6.0% from its price of ฿42.50 on 05 November 2020. The Thai market is up 22% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.77 per share.Is New 90 Day High Low • Jan 19New 90-day high: ฿44.75The company is up 10.0% from its price of ฿40.50 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.33 per share.Is New 90 Day High Low • Dec 21New 90-day low: ฿36.75The company is down 8.0% from its price of ฿40.00 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.71 per share.Is New 90 Day High Low • Nov 25New 90-day low: ฿38.00The company is down 8.0% from its price of ฿41.25 on 27 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿16.32 per share.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.31The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿8.98b (up 18% from 3Q 2019). Net income: ฿372.3m (up 30% from 3Q 2019). Profit margin: 4.1% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 11%, compared to a 5.2% growth forecast for the Specialty Retail industry in Thailand.Is New 90 Day High Low • Oct 08New 90-day high: ฿42.50The company is up 25% from its price of ฿34.00 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.10 per share.収支内訳Com7 の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:COM7 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Dec 2587,4664,0646,717030 Sep 2584,5213,8706,602030 Jun 2583,2543,7076,491031 Mar 2580,8943,4576,468031 Dec 2479,1873,3236,322030 Sep 2475,6902,9616,062030 Jun 2474,0212,8635,934031 Mar 2471,6352,8145,696031 Dec 2369,6262,8575,484030 Sep 2368,4783,0995,373030 Jun 2367,2213,2125,087031 Mar 2365,6273,1284,837031 Dec 2263,0263,0384,595030 Sep 2261,7453,0354,450030 Jun 2256,7492,8814,171031 Mar 2253,8472,8483,919031 Dec 2151,1512,6303,761030 Sep 2146,0372,2793,456030 Jun 2144,9452,0813,318031 Mar 2141,1721,7683,066031 Dec 2037,3531,4912,986030 Sep 2035,2691,3202,953030 Jun 2033,9101,2342,957031 Mar 2033,9081,2543,042031 Dec 1933,3901,2162,925030 Sep 1931,1001,0962,802030 Jun 1930,1401,0442,719031 Mar 1929,1309662,639031 Dec 1827,9538912,540030 Sep 1827,0308392,497030 Jun 1825,8857542,431031 Mar 1824,1026642,361031 Dec 1722,5586092,274030 Sep 1720,7375432,163030 Jun 1719,1724832,041031 Mar 1718,1004371,948031 Dec 1617,1774071,868030 Sep 1616,2133661,761030 Jun 1615,5863051,675031 Mar 1615,0122861,557031 Dec 1514,9862681,534030 Sep 1514,5372411,462030 Jun 1514,2352371,4830質の高い収益: COM7は 高品質の収益 を持っています。利益率の向上: COM7の現在の純利益率 (4.6%)は、昨年(4.2%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: COM7の収益は過去 5 年間で年間12.3%増加しました。成長の加速: COM7の過去 1 年間の収益成長率 ( 22.3% ) は、5 年間の平均 ( 年間12.3%を上回っています。収益対業界: COM7の過去 1 年間の収益成長率 ( 22.3% ) はSpecialty Retail業界16.2%を上回りました。株主資本利益率高いROE: COM7の 自己資本利益率 ( 37.2% ) は 高い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YRetail 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/15 06:27終値2026/05/15 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Com7 Public Company Limited 8 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。18 アナリスト機関Anuwat SrikajornratkulAsia Plus Securities Company LimitedNuttapon KanwanphonBualuang Securities PCLPhoowadol PhoosodngernBualuang Securities PCL15 その他のアナリストを表示
Reported Earnings • Feb 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.71 (up from ฿1.39 in FY 2024). Revenue: ฿87.5b (up 10% from FY 2024). Net income: ฿4.06b (up 23% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ฿0.37 (up from ฿0.30 in 3Q 2024). Revenue: ฿19.3b (up 6.9% from 3Q 2024). Net income: ฿872.0m (up 23% from 3Q 2024). Profit margin: 4.5% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.43 (up from ฿0.32 in 2Q 2024). Revenue: ฿20.8b (up 13% from 2Q 2024). Net income: ฿1.00b (up 33% from 2Q 2024). Profit margin: 4.8% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.42 (up from ฿0.34 in 1Q 2024). Revenue: ฿20.9b (up 8.6% from 1Q 2024). Net income: ฿980.7m (up 19% from 1Q 2024). Profit margin: 4.7% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.39 (up from ฿1.19 in FY 2023). Revenue: ฿79.2b (up 14% from FY 2023). Net income: ฿3.31b (up 16% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.30 (vs ฿0.26 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.30 (up from ฿0.26 in 3Q 2023). Revenue: ฿18.0b (up 10% from 3Q 2023). Net income: ฿708.8m (up 16% from 3Q 2023). Profit margin: 3.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail 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 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.71 (up from ฿1.39 in FY 2024). Revenue: ฿87.5b (up 10% from FY 2024). Net income: ฿4.06b (up 23% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Declared Dividend • Feb 26Dividend increased to ฿1.10Dividend of ฿1.10 is 28% higher than last year. Ex-date: 10th March 2026 Payment date: 8th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 24% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 25+ 1 more updateCom7 Public Company Limited announces Annual dividend, payable on May 08, 2026Com7 Public Company Limited announced Annual dividend of THB 1.1000 per share payable on May 08, 2026, ex-date on March 10, 2026 and record date on March 11, 2026.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ฿0.37 (up from ฿0.30 in 3Q 2024). Revenue: ฿19.3b (up 6.9% from 3Q 2024). Net income: ฿872.0m (up 23% from 3Q 2024). Profit margin: 4.5% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Nov 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to ฿23.50. The fair value is estimated to be ฿29.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
New Risk • Aug 15New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 98% Dividend yield: 3.5% 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: Minor Risks High level of debt (82% net debt to equity). Dividend is not well covered by cash flows (98% cash payout ratio).
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.43 (up from ฿0.32 in 2Q 2024). Revenue: ฿20.8b (up 13% from 2Q 2024). Net income: ฿1.00b (up 33% from 2Q 2024). Profit margin: 4.8% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jun 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to ฿17.60. The fair value is estimated to be ฿22.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.
お知らせ • Jun 13Com7 Public Company Limited Announces Appointment of Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025Com7 Public Company Limited announced appointment of Mr. Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025. The Audit Committee is consisted of CHAIRMAN OF THE AUDIT COMMITTEE Mr. SIRIPONG SOMBUTSIRI 2 Year 10 Month AUDIT COMMITTEE Mr. PLAKORN WANGLEE 1 Year 10 Month AUDIT COMMITTEE Mr. KASHPOL CHULAJATA 10 Month SECRETARY OF THE AUDIT COMMITTEE Ms. WORANAN JIRATHAMKUL.
Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿18.80. The fair value is estimated to be ฿23.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.42 (up from ฿0.34 in 1Q 2024). Revenue: ฿20.9b (up 8.6% from 1Q 2024). Net income: ฿980.7m (up 19% from 1Q 2024). Profit margin: 4.7% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Apr 29Com7 Public Company Limited Approves Dividend for 2024, Payable on 15 May 2025Com7 Public Company Limited at its Annual General Meeting of Shareholders held on 28 April 2025, approved the dividend payment to the shareholders from the net profits of 2024 operating results at the rate of THB 0.86 per share, for 2,354,998,265 shares, totaling THB 2,025,298,507.90. The lists of shareholders who are eligible to receive dividends are fixed on 11 March 2025 (Record Date), and dividend payment is scheduled on 15 May 2025.
Declared Dividend • Mar 02Dividend increased to ฿0.86Dividend of ฿0.86 is 23% higher than last year. Ex-date: 10th March 2025 Payment date: 15th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 26Com7 Public Company Limited Proposes Dividend of the Year 2024Com7 Public Company Limited proposed to the 2025 AGM for consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2024 to the shareholders at the rate of THB 0.86 Baht per share, for 2,354,998,265 shares by excluding treasury shares, totaling THB 2,025,298,507.90 by scheduling for 11 March 2025 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders shall be within 15 May 2025. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.
Reported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.39 (up from ฿1.19 in FY 2023). Revenue: ฿79.2b (up 14% from FY 2023). Net income: ฿3.31b (up 16% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Feb 25Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025, at 10:00 SE Asia Standard Time.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.30 (vs ฿0.26 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.30 (up from ฿0.26 in 3Q 2023). Revenue: ฿18.0b (up 10% from 3Q 2023). Net income: ฿708.8m (up 16% from 3Q 2023). Profit margin: 3.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail 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 11% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 16Price target increased by 9.0% to ฿26.74Up from ฿24.53, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ฿26.50. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿1.35 for next year compared to ฿1.19 last year.
Price Target Changed • Aug 22Price target increased by 7.4% to ฿22.90Up from ฿21.32, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿23.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.
Buy Or Sell Opportunity • Aug 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ฿22.60. The fair value is estimated to be ฿18.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues in line with analyst expectationsSecond quarter 2024 results: Revenue: ฿18.4b (up 15% from 2Q 2023). Net income: ฿752.3m (up 6.8% from 2Q 2023). Profit margin: 4.1% (down from 4.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Thailand.
Price Target Changed • Aug 10Price target decreased by 8.6% to ฿21.32Down from ฿23.33, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of ฿20.20. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.26 for next year compared to ฿1.19 last year.
Buy Or Sell Opportunity • Jul 23Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ฿20.30. The fair value is estimated to be ฿16.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Buy Or Sell Opportunity • Jul 01Now 26% overvaluedOver the last 90 days, the stock has fallen 1.0% to ฿19.00. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Buy Or Sell Opportunity • Jun 28Now 25% overvaluedOver the last 90 days, the stock has fallen 2.6% to ฿18.60. The fair value is estimated to be ฿14.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
お知らせ • Jun 28Com7 Public Company Limited (SET:COM7) announces an Equity Buyback for 45,000,000 shares, representing 1.88% for THB 800 million.Com7 Public Company Limited (SET:COM7) announces a share repurchase program. Under the program, the company will repurchase up to 45,000,000 common shares, representing 1.88% of its issued share capital for THB 800 million. The shares will be repurchased at a price not exceeding 115% of the average closing price of five consecutive business days prior to each repurchase date. The program is being conducted for financial management purposes like to manage the excess liquidity of the company, enhance the ratios like return on equity and the earning per share. The repurchased shares will be resold or written off. The program will expire on December 31, 2024. As of March 8, 2024, the company had 2,399,998,265 issued and outstanding shares.
Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.34 (vs ฿0.36 in 1Q 2023)First quarter 2024 results: EPS: ฿0.34 (down from ฿0.36 in 1Q 2023). Revenue: ฿19.3b (up 12% from 1Q 2023). Net income: ฿821.8m (down 5.9% from 1Q 2023). Profit margin: 4.3% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 02Price target decreased by 8.0% to ฿24.86Down from ฿27.03, the current price target is an average from 9 analysts. New target price is 29% above last closing price of ฿19.20. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.
Buy Or Sell Opportunity • Mar 21Now 23% overvaluedOver the last 90 days, the stock has fallen 21% to ฿18.60. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Price Target Changed • Feb 29Price target decreased by 8.6% to ฿27.82Down from ฿30.44, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿20.70. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.19 last year.
Upcoming Dividend • Feb 29Upcoming dividend of ฿0.70 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.6%).
Declared Dividend • Feb 24Dividend reduced to ฿0.70Dividend of ฿0.70 is 6.7% lower than last year. Ex-date: 7th March 2024 Payment date: 10th May 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (dividend approximately 34x free cash flows). The dividend has increased by an average of 28% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 23Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024, at 03:00 Coordinated Universal Time. Agenda: To consider and certify the minutes of the 2023 Annual General Meeting of Shareholders; to consider and acknowledge the Company's 2023 operating result; to consider and approve the consolidated financial statements for the year ended 31 December 2023; to consider and approve the payment of dividends to shareholders from the operating result ended 31 December 2023; To consider and approve the appointment of auditors and the determination of the audit fee for the year 2024; to consider and approve the appointment of directors replacing those retire by rotation; to consider and approve the determination of the director's remuneration for the year 2024; and to consider Other business (if any).
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿1.19 (vs ฿1.27 in FY 2022)Full year 2023 results: EPS: ฿1.19 (down from ฿1.27 in FY 2022). Revenue: ฿69.6b (up 11% from FY 2022). Net income: ฿2.86b (down 5.9% from FY 2022). Profit margin: 4.1% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Feb 23Com7 Public Company Limited Proposes Dividend of the Year 2023Com7 Public Company Limited at its Meeting held on February 22, 2024 resolved to propose to the 2024 AGM for the consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2023 to the shareholders at the rate of THB 0.70 per share, for 2,384,998,265 shares by excluding treasury shares, totaling THB 1,669,498,785.50 by scheduling for 8 March 2024 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders at 10 May 2024. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.
Price Target Changed • Nov 17Price target decreased by 11% to ฿33.66Down from ฿37.79, the current price target is an average from 8 analysts. New target price is 46% above last closing price of ฿23.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.27 last year.
Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ฿0.25 (down from ฿0.30 in 3Q 2022). Revenue: ฿16.3b (up 8.5% from 3Q 2022). Net income: ฿611.4m (down 16% from 3Q 2022). Profit margin: 3.7% (down from 4.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 13New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change).
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿21.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.35 per share.
New Risk • Aug 10New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share).
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: ฿0.29 (up from ฿0.26 in 2Q 2022). Revenue: ฿16.0b (up 11% from 2Q 2022). Net income: ฿704.1m (up 14% from 2Q 2022). Profit margin: 4.4% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.36 (vs ฿0.33 in 1Q 2022)First quarter 2023 results: EPS: ฿0.36 (up from ฿0.33 in 1Q 2022). Revenue: ฿17.3b (up 18% from 1Q 2022). Net income: ฿873.7m (up 12% from 1Q 2022). Profit margin: 5.0% (down from 5.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 30% per year.
Board Change • Mar 30Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somboon Aueatchasai was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Mar 01Upcoming dividend of ฿0.75 per share at 2.4% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.6%). In line with average of industry peers (2.2%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Oct 03Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿35.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 32% in the next 2 years.
Price Target Changed • Aug 25Price target decreased to ฿39.10Down from ฿42.73, the current price target is an average from 5 analysts. New target price is 8.6% above last closing price of ฿36.00. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of ฿1.25 for next year compared to ฿1.10 last year.
Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿1.07 to ฿1.42. Revenue forecast unchanged at ฿61.3b. Net income forecast to grow 24% next year vs 21% growth forecast for Specialty Retail industry in Thailand. Consensus price target of ฿47.00 unchanged from last update. Share price rose 3.4% to ฿37.50 over the past week.
Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.33 (up from ฿0.23 in 1Q 2021). Revenue: ฿14.7b (up 23% from 1Q 2021). Net income: ฿783.2m (up 39% from 1Q 2021). Profit margin: 5.3% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 17%, compared to a 8.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Price Target Changed • Mar 10Price target increased to ฿94.00Up from ฿87.07, the current price target is an average from 4 analysts. New target price is 125% above last closing price of ฿41.75. Stock is up 49% over the past year. The company is forecast to post earnings per share of ฿2.15 for next year compared to ฿2.19 last year.
Major Estimate Revision • Mar 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿55.6b to ฿61.4b. EPS estimate fell from ฿2.45 to ฿2.15. Net income forecast to grow 28% next year vs 20% growth forecast for Specialty Retail industry in Thailand. Consensus price target up from ฿87.07 to ฿92.00. Share price was steady at ฿82.25 over the past week.
Reported Earnings • Mar 02Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿2.19 (up from ฿1.24 in FY 2020). Revenue: ฿51.3b (up 37% from FY 2020). Net income: ฿2.63b (up 77% from FY 2020). Profit margin: 5.1% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 8.4%, compared to a 11% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Dec 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.49 (vs ฿0.23 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿11.5b (up 49% from 2Q 2020). Net income: ฿587.0m (up 114% from 2Q 2020). Profit margin: 5.1% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.47 (vs ฿0.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿12.0b (up 47% from 1Q 2020). Net income: ฿565.6m (up 97% from 1Q 2020). Profit margin: 4.7% (up from 3.5% 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 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 09Price target increased to ฿66.80Up from ฿59.04, the current price target is an average from 6 analysts. New target price is 9.7% below last closing price of ฿74.00. Stock is up 254% over the past year.
Upcoming Dividend • Apr 25Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 29 April 2021. Payment date: 21 May 2021. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.1%).
Price Target Changed • Mar 02Price target raised to ฿53.08Up from ฿46.50, the current price target is an average from 6 analysts. The new target price is close to the current share price of ฿54.50. As of last close, the stock is up 141% over the past year.
Major Estimate Revision • Mar 02Analysts increase EPS estimates to ฿1.54The 2021 consensus revenue estimate increased from ฿41.2b to ฿42.6b. The earnings per share estimate also received an upgrade from ฿1.40 to ฿1.54 for the same period. Net income is expected to grow by 24% next year compared to 26% growth forecast for the Specialty Retail industry in Thailand. The consensus price target increased from ฿46.50 to ฿53.08. Share price is up 20% to ฿54.50 over the past week.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿54.50, the stock is trading at a trailing P/E ratio of 44x, up from the previous P/E ratio of 36.7x. This compares to an average P/E of 29x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 216%.
Is New 90 Day High Low • Feb 25New 90-day high: ฿51.25The company is up 27% from its price of ฿40.25 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.60 per share.
Analyst Estimate Surprise Post Earnings • Feb 24Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 9.9%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand.
Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿1.24 (vs ฿1.01 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿37.5b (up 12% from FY 2019). Net income: ฿1.49b (up 23% from FY 2019). Profit margin: 4.0% (up from 3.6% 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 27% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 03New 90-day high: ฿45.25The company is up 6.0% from its price of ฿42.50 on 05 November 2020. The Thai market is up 22% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.77 per share.
Is New 90 Day High Low • Jan 19New 90-day high: ฿44.75The company is up 10.0% from its price of ฿40.50 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.33 per share.
Is New 90 Day High Low • Dec 21New 90-day low: ฿36.75The company is down 8.0% from its price of ฿40.00 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.71 per share.
Is New 90 Day High Low • Nov 25New 90-day low: ฿38.00The company is down 8.0% from its price of ฿41.25 on 27 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿16.32 per share.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.31The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿8.98b (up 18% from 3Q 2019). Net income: ฿372.3m (up 30% from 3Q 2019). Profit margin: 4.1% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 11%, compared to a 5.2% growth forecast for the Specialty Retail industry in Thailand.
Is New 90 Day High Low • Oct 08New 90-day high: ฿42.50The company is up 25% from its price of ฿34.00 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.10 per share.