View Financial HealthInformation and Communication Networks 配当と自社株買い配当金 基準チェック /36Information and Communication Networks配当を支払う会社であり、現在の利回りは8.2%で、収益によって十分にカバーされています。主要情報8.2%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長5.9%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向75%最近の配当と自社株買いの更新お知らせ • Apr 23Information and Communication Networks Public Company Limited Approves Dividend for 2025, Payable on 21 May 2026Information and Communication Networks Public Company Limited at its 2026 Annual General Meeting of Shareholders held on April 22, 2026, approved to pay additional dividend from the Company's business performance in 2025 to the shareholders at the rate of THB 0.09 (Nine Satang) per share, totaling THB 60,489,039.87 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 12 March 2026, and the dividend payment is scheduled on 21 May 2026. Further to this, the Board of Directors Meeting No. 4/2025 held on 14 November 2025 agreed on the resolution to pay interim dividends from the Company's business performance between January 2025 - September 2025 at the rate of THB 0.06 (Six Satang) per share, totaling THB 40,326,026.58 which was paid on 12 December 2025. Therefore, from the business performance in 2025, the Company will pay the total dividend to shareholders at the rate of THB 0.15 (Fifteen Satang) per share, totaling THB 100,815,066.45 or an equivalent of 100.12 % of net profits after the deduction of corporate income tax according to the policy to distribute dividends of the Company.Declared Dividend • Mar 02Final dividend reduced to ฿0.09Dividend of ฿0.09 is 10% lower than last year. Ex-date: 11th March 2026 Payment date: 21st May 2026 Dividend yield will be 8.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (79% 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 7.5% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.4% EPS decline seen over the last 5 years.お知らせ • Feb 28Information and Communication Networks Public Company Limited Proposes Cash Dividend for the operating period from January 1, 2025, to December 31, 2025, Payable on May 21, 2026Information and Communication Networks Public Company Limited at its AGM to be held on April 22, 2026, proposed a cash dividend of THB 0.09 per share for the operating period from January 1, 2025, to December 31, 2025. Payment date is May 21, 2026, Ex-dividend date is March 11, 2026, and Record Date is March 12, 2026. The total dividend for 2025, including the interim dividend, is THB 0.15 per share, totaling THB 100,815,066.45.Declared Dividend • Nov 17Dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 27th November 2025 Payment date: 12th December 2025 Dividend yield will be 8.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) and 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 10% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 4.6% over the last 5 years so the company would need to reverse this trend.お知らせ • Apr 24Information and Communication Networks Public Company Limited Approves Dividend for 2024, Payable on 21 May 2025Information and Communication Networks Public Company Limited at its AGM held on 22 April 2025 considered distributing dividends for 2024 to the shareholders at the rate of THB 0.10 (Ten Satang) per share, totaling THB 67,210,044.30 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 6 March 2025. The dividend payment shall be made on 21 May 2025.Declared Dividend • Feb 22Final dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 5th March 2025 Payment date: 21st May 2025 Dividend yield will be 9.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.2% EPS growth achieved over the last 5 years.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.041 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.041 in 1Q 2025). Revenue: ฿1.24b (up 358% from 1Q 2025). Net income: ฿58.6m (up 114% from 1Q 2025). Profit margin: 4.7% (down from 10% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year.Buy Or Sell Opportunity • Apr 24Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to ฿1.87. The fair value is estimated to be ฿1.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10.0% over the last 3 years. Earnings per share has declined by 12%.お知らせ • Apr 23Information and Communication Networks Public Company Limited Approves Dividend for 2025, Payable on 21 May 2026Information and Communication Networks Public Company Limited at its 2026 Annual General Meeting of Shareholders held on April 22, 2026, approved to pay additional dividend from the Company's business performance in 2025 to the shareholders at the rate of THB 0.09 (Nine Satang) per share, totaling THB 60,489,039.87 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 12 March 2026, and the dividend payment is scheduled on 21 May 2026. Further to this, the Board of Directors Meeting No. 4/2025 held on 14 November 2025 agreed on the resolution to pay interim dividends from the Company's business performance between January 2025 - September 2025 at the rate of THB 0.06 (Six Satang) per share, totaling THB 40,326,026.58 which was paid on 12 December 2025. Therefore, from the business performance in 2025, the Company will pay the total dividend to shareholders at the rate of THB 0.15 (Fifteen Satang) per share, totaling THB 100,815,066.45 or an equivalent of 100.12 % of net profits after the deduction of corporate income tax according to the policy to distribute dividends of the Company.Buy Or Sell Opportunity • Mar 05Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿1.80. The fair value is estimated to be ฿1.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10.0% over the last 3 years. Earnings per share has declined by 12%.New Risk • Mar 04New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 8.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Earnings have declined by 0.2% per year over the past 5 years. High level of non-cash earnings (54% accrual ratio). Minor Risk Market cap is less than US$100m (฿1.23b market cap, or US$38.8m).Declared Dividend • Mar 02Final dividend reduced to ฿0.09Dividend of ฿0.09 is 10% lower than last year. Ex-date: 11th March 2026 Payment date: 21st May 2026 Dividend yield will be 8.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (79% 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 7.5% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.4% EPS decline seen over the last 5 years.お知らせ • Feb 28Information and Communication Networks Public Company Limited Proposes Cash Dividend for the operating period from January 1, 2025, to December 31, 2025, Payable on May 21, 2026Information and Communication Networks Public Company Limited at its AGM to be held on April 22, 2026, proposed a cash dividend of THB 0.09 per share for the operating period from January 1, 2025, to December 31, 2025. Payment date is May 21, 2026, Ex-dividend date is March 11, 2026, and Record Date is March 12, 2026. The total dividend for 2025, including the interim dividend, is THB 0.15 per share, totaling THB 100,815,066.45.お知らせ • Feb 26Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2026Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time. Location: at apex room, 3rd floor, ibis styles bangkok, ratchada hotel no. 212 ratchadapisek road, huay, khwang, bangkok 10310, ThailandDeclared Dividend • Nov 17Dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 27th November 2025 Payment date: 12th December 2025 Dividend yield will be 8.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) and 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 10% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 4.6% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.054 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.04 (down from ฿0.054 in 3Q 2024). Revenue: ฿306.0m (down 21% from 3Q 2024). Net income: ฿26.9m (down 26% from 3Q 2024). Profit margin: 8.8% (down from 9.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.New Risk • Aug 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 96% The company is paying a dividend despite having no free cash flows. Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (฿1.30b market cap, or US$40.0m).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.057 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.04 (down from ฿0.057 in 2Q 2024). Revenue: ฿302.8m (down 3.0% from 2Q 2024). Net income: ฿29.7m (down 23% from 2Q 2024). Profit margin: 9.8% (down from 12% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jun 19Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.2% to ฿1.81. The fair value is estimated to be ฿2.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.2%.Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.032 in 1Q 2024)First quarter 2025 results: EPS: ฿0.04 (up from ฿0.032 in 1Q 2024). Revenue: ฿270.3m (up 3.9% from 1Q 2024). Net income: ฿27.4m (up 28% from 1Q 2024). Profit margin: 10% (up from 8.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.お知らせ • Apr 24Information and Communication Networks Public Company Limited Approves Dividend for 2024, Payable on 21 May 2025Information and Communication Networks Public Company Limited at its AGM held on 22 April 2025 considered distributing dividends for 2024 to the shareholders at the rate of THB 0.10 (Ten Satang) per share, totaling THB 67,210,044.30 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 6 March 2025. The dividend payment shall be made on 21 May 2025.Declared Dividend • Feb 22Final dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 5th March 2025 Payment date: 21st May 2025 Dividend yield will be 9.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.2% EPS growth achieved over the last 5 years.お知らせ • Feb 21Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2025Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2025, at 14:00 SE Asia Standard Time. Location: at apex room, 3rd floor, ibis styles, bangkok ratchada hotel no. 212, ratchadapisek road, huay khwang, bangkok 10310 Thailandお知らせ • Feb 20Information and Communication Networks Public Company Limited Proposes Dividend for 2024, Payable on 21 May 2025Information and Communication Networks Public Company Limited proposed to pay dividend from the Company's business performance in 2024 to the shareholders at the rate of THB 0.10 per share, totaling THB 67,210,044.30 by specifying the date of record for the shareholders entitled to receive the dividend on 6 March 2025, and the dividend payment is scheduled on 21 May 2025.Valuation Update With 7 Day Price Move • Nov 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.14, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 60% over the past three years.Declared Dividend • Nov 09First half dividend reduced to ฿0.10Dividend of ฿0.10 is 33% lower than last year. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 7.3%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (89.8% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 17% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 8.0% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.36, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 50% over the past three years.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.056 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.06 (up from ฿0.056 in 2Q 2023). Revenue: ฿312.1m (down 24% from 2Q 2023). Net income: ฿38.5m (up 8.5% from 2Q 2023). Profit margin: 12% (up from 8.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jul 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿2.22. The fair value is estimated to be ฿2.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.Buy Or Sell Opportunity • Jul 01Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to ฿2.14. The fair value is estimated to be ฿2.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.Buy Or Sell Opportunity • Jun 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to ฿2.24. The fair value is estimated to be ฿2.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.お知らせ • Apr 23Information and Communication Networks Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 20, 2024Information and Communication Networks Public Company Limited at its AGM held on April 22, 2024 approved distributing dividends for 2023 to the shareholders at the rate of THB 0.08 (Eight Satang) per share, totaling THB 53,768,035.44 (Fifty-three million seven hundred sixty-eight thousand thirty-five baht forty-four satang) by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 7 March 2024. The dividend payment shall be made on 20 May 2024.Upcoming Dividend • Feb 28Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 20 May 2024. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 8.3%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (3.7%).Reported Earnings • Feb 27Full year 2023 earnings released: EPS: ฿0.28 (vs ฿0.24 in FY 2022)Full year 2023 results: EPS: ฿0.28 (up from ฿0.24 in FY 2022). Revenue: ฿1.86b (up 29% from FY 2022). Net income: ฿175.0m (up 32% from FY 2022). Profit margin: 9.4% (up from 9.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year.Declared Dividend • Feb 23Dividend reduced to ฿0.08Dividend of ฿0.08 is 20% lower than last year. Ex-date: 6th March 2024 Payment date: 20th May 2024 Dividend yield will be 8.2%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (80% 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 19% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 9.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Feb 22+ 1 more updateInformation and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2024Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2024, at 07:00 Coordinated Universal Time. Location: 3rd Floor, ibis Styles Bangkok Ratchada Hotel No. 212 Ratchadapisek Road, Huay Khwang, Bangkok Thailand Agenda: To certify the Minutes of 2023 Annual General Meeting of Shareholders held on April 20, 2023; to acknowledge the Company's 2023 business performance for the year ended December 31, 2023; to consider and approve the Company's 2023 financial statements for the year ended December 31, 2023; to consider approve the cessation of allocating net profits as legal reserves and approve dividend payment for the year 2023; to consider approve the cessation of allocating net profits as legal reserves; to consider and approve dividend payment for the year 2023; and to consider other matters.お知らせ • Jan 10Information and Communication Networks Public Company Limited Announces Executive ChangesInformation and Communication Networks Public Company Limited announced the termination of Kulnoppaleark Chanachai as Chief Financial Officer. Effective Date of termination of January 01, 2024. The company also announced appointment of the Mr. Rungruangboriboon Wirat as Chief Financial Officer, Effective Date of appointment is January 01, 2024.お知らせ • Dec 15Information and Communication Networks Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 336.050222 million.Information and Communication Networks Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 336.050222 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 672,100,443 Price\Range: THB 0.5 Transaction Features: Subsequent Direct ListingNew Risk • Dec 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.8% 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 Risk High level of non-cash earnings (62% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Market cap is less than US$100m (฿1.85b market cap, or US$53.2m).Upcoming Dividend • Nov 15Upcoming dividend of ฿0.15 per share at 7.0% yieldEligible shareholders must have bought the stock before 22 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 7.0%. Within top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (3.5%).お知らせ • Nov 10Information and Communication Networks Public Company Limited Announces Cash Dividend for the Period from January 1, 2023 to September 30, 2023, Payable on December 8, 2023Information and Communication Networks Public Company Limited declared cash dividend of THB 0.15 for the period from January 1, 2023 to September 30, 2023 payable on December 8, 2023. Ex-dividend date is 22-Nov-2023. Record date for the right to receive dividends is 23-Nov-2022.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿2.80, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 40% over the past three years.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.069 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.069 in 2Q 2022). Revenue: ฿411.5m (up 21% from 2Q 2022). Net income: ฿35.5m (down 10% from 2Q 2022). Profit margin: 8.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 02Upcoming dividend of ฿0.10 per share at 8.0% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.1%).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 Apinun Ratchatasombat was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿340.1m (down 27% from 2Q 2021). Net income: ฿39.4m (up 9.4% from 2Q 2021). Profit margin: 12% (up from 7.7% in 2Q 2021). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿4.52, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 179% over the past three years.Buying Opportunity • May 12Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿4.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 30%.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Chairman Segsan Roylapcharoenporn was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿5.95, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 26x in the IT industry in Thailand. Total returns to shareholders of 283% over the past three years.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 19 May 2022. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (6.6%).Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ฿0.35 (up from ฿0.25 in FY 2020). Revenue: ฿1.76b (up 20% from FY 2020). Net income: ฿157.0m (up 41% from FY 2020). Profit margin: 8.9% (up from 7.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. 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 37% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 24Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿7.00, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 22x in the IT industry in Thailand. Total returns to shareholders of 365% over the past three years.Upcoming Dividend • Nov 17Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 24 November 2021. Payment date: 09 December 2021. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (2.9%).Reported Earnings • Nov 16Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿480.2m (down 3.3% from 3Q 2020). Net income: ฿67.7m (up 61% from 3Q 2020). Profit margin: 14% (up from 8.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿6.10, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 226% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.08 (vs ฿0.05 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿465.7m (up 69% from 2Q 2020). Net income: ฿36.0m (up 61% from 2Q 2020). Profit margin: 7.7% (down from 8.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿6.20, the stock trades at a trailing P/E ratio of 20x. Average forward P/E is 25x in the IT industry in Thailand. Total returns to shareholders of 223% over the past three years.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿4.84, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 25x in the IT industry in Thailand. Total returns to shareholders of 154% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.026 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿583.0m (up 152% from 1Q 2020). Net income: ฿40.1m (up 237% from 1Q 2020). Profit margin: 6.9% (up from 5.1% 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 11% per year whereas the company’s share price has increased by 14% per year.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the IT industry in Asia. Total returns to shareholders of 111% over the past three years.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.25 (vs ฿0.21 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿1.47b (up 22% from FY 2019). Net income: ฿111.7m (up 19% from FY 2019). Profit margin: 7.6% (down from 7.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.Analyst Estimate Surprise Post Earnings • Feb 27Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is expected to shrink by 7.7% compared to a 14% growth forecast for the IT industry in Thailand.Is New 90 Day High Low • Feb 02New 90-day high: ฿3.54The company is up 65% from its price of ฿2.14 on 04 November 2020. The Thai market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 5.0% over the same period.Is New 90 Day High Low • Jan 14New 90-day high: ฿3.24The company is up 53% from its price of ฿2.12 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 1.0% over the same period.Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿3.04, the stock is trading at a trailing P/E ratio of 11.9x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past three years are 48%.Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿2.96, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past three years are 39%.Is New 90 Day High Low • Dec 30New 90-day high: ฿2.52The company is up 21% from its price of ฿2.08 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.09The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿496.8m (up 80% from 3Q 2019). Net income: ฿42.1m (up 124% from 3Q 2019). Profit margin: 8.5% (up from 6.8% 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 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Nov 12New 90-day high: ฿2.32The company is up 15% from its price of ฿2.02 on 14 August 2020. The Thai market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period.Is New 90 Day High Low • Oct 07New 90-day high: ฿2.28The company is up 18% from its price of ฿1.93 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 10.0% over the same period.決済の安定と成長配当データの取得安定した配当: ICNは 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: ICNの配当金は増加していますが、同社は8年間しか配当金を支払っていません。配当利回り対市場Information and Communication Networks 配当利回り対市場ICN 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (ICN)8.2%市場下位25% (TH)3.4%市場トップ25% (TH)7.6%業界平均 (IT)5.5%アナリスト予想 (ICN) (最長3年)n/a注目すべき配当: ICNの配当金 ( 8.2% ) はTH市場の配当金支払者の下位 25% ( 3.39% ) よりも高くなっています。高配当: ICNの配当金 ( 8.2% ) はTH市場 ( 7.59% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: ICNの配当金は、合理的な 配当性向 ( 74.8% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: ICNは配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YTH 市場の強力な配当支払い企業。View Management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2026/05/22 19:02終値2026/05/22 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Information and Communication Networks Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Watcharain JongyanyongGloblex Securities Co. Ltd.
お知らせ • Apr 23Information and Communication Networks Public Company Limited Approves Dividend for 2025, Payable on 21 May 2026Information and Communication Networks Public Company Limited at its 2026 Annual General Meeting of Shareholders held on April 22, 2026, approved to pay additional dividend from the Company's business performance in 2025 to the shareholders at the rate of THB 0.09 (Nine Satang) per share, totaling THB 60,489,039.87 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 12 March 2026, and the dividend payment is scheduled on 21 May 2026. Further to this, the Board of Directors Meeting No. 4/2025 held on 14 November 2025 agreed on the resolution to pay interim dividends from the Company's business performance between January 2025 - September 2025 at the rate of THB 0.06 (Six Satang) per share, totaling THB 40,326,026.58 which was paid on 12 December 2025. Therefore, from the business performance in 2025, the Company will pay the total dividend to shareholders at the rate of THB 0.15 (Fifteen Satang) per share, totaling THB 100,815,066.45 or an equivalent of 100.12 % of net profits after the deduction of corporate income tax according to the policy to distribute dividends of the Company.
Declared Dividend • Mar 02Final dividend reduced to ฿0.09Dividend of ฿0.09 is 10% lower than last year. Ex-date: 11th March 2026 Payment date: 21st May 2026 Dividend yield will be 8.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (79% 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 7.5% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.4% EPS decline seen over the last 5 years.
お知らせ • Feb 28Information and Communication Networks Public Company Limited Proposes Cash Dividend for the operating period from January 1, 2025, to December 31, 2025, Payable on May 21, 2026Information and Communication Networks Public Company Limited at its AGM to be held on April 22, 2026, proposed a cash dividend of THB 0.09 per share for the operating period from January 1, 2025, to December 31, 2025. Payment date is May 21, 2026, Ex-dividend date is March 11, 2026, and Record Date is March 12, 2026. The total dividend for 2025, including the interim dividend, is THB 0.15 per share, totaling THB 100,815,066.45.
Declared Dividend • Nov 17Dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 27th November 2025 Payment date: 12th December 2025 Dividend yield will be 8.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) and 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 10% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 4.6% over the last 5 years so the company would need to reverse this trend.
お知らせ • Apr 24Information and Communication Networks Public Company Limited Approves Dividend for 2024, Payable on 21 May 2025Information and Communication Networks Public Company Limited at its AGM held on 22 April 2025 considered distributing dividends for 2024 to the shareholders at the rate of THB 0.10 (Ten Satang) per share, totaling THB 67,210,044.30 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 6 March 2025. The dividend payment shall be made on 21 May 2025.
Declared Dividend • Feb 22Final dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 5th March 2025 Payment date: 21st May 2025 Dividend yield will be 9.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.2% EPS growth achieved over the last 5 years.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.041 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.041 in 1Q 2025). Revenue: ฿1.24b (up 358% from 1Q 2025). Net income: ฿58.6m (up 114% from 1Q 2025). Profit margin: 4.7% (down from 10% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year.
Buy Or Sell Opportunity • Apr 24Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to ฿1.87. The fair value is estimated to be ฿1.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10.0% over the last 3 years. Earnings per share has declined by 12%.
お知らせ • Apr 23Information and Communication Networks Public Company Limited Approves Dividend for 2025, Payable on 21 May 2026Information and Communication Networks Public Company Limited at its 2026 Annual General Meeting of Shareholders held on April 22, 2026, approved to pay additional dividend from the Company's business performance in 2025 to the shareholders at the rate of THB 0.09 (Nine Satang) per share, totaling THB 60,489,039.87 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 12 March 2026, and the dividend payment is scheduled on 21 May 2026. Further to this, the Board of Directors Meeting No. 4/2025 held on 14 November 2025 agreed on the resolution to pay interim dividends from the Company's business performance between January 2025 - September 2025 at the rate of THB 0.06 (Six Satang) per share, totaling THB 40,326,026.58 which was paid on 12 December 2025. Therefore, from the business performance in 2025, the Company will pay the total dividend to shareholders at the rate of THB 0.15 (Fifteen Satang) per share, totaling THB 100,815,066.45 or an equivalent of 100.12 % of net profits after the deduction of corporate income tax according to the policy to distribute dividends of the Company.
Buy Or Sell Opportunity • Mar 05Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿1.80. The fair value is estimated to be ฿1.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10.0% over the last 3 years. Earnings per share has declined by 12%.
New Risk • Mar 04New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 8.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Earnings have declined by 0.2% per year over the past 5 years. High level of non-cash earnings (54% accrual ratio). Minor Risk Market cap is less than US$100m (฿1.23b market cap, or US$38.8m).
Declared Dividend • Mar 02Final dividend reduced to ฿0.09Dividend of ฿0.09 is 10% lower than last year. Ex-date: 11th March 2026 Payment date: 21st May 2026 Dividend yield will be 8.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (79% 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 7.5% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.4% EPS decline seen over the last 5 years.
お知らせ • Feb 28Information and Communication Networks Public Company Limited Proposes Cash Dividend for the operating period from January 1, 2025, to December 31, 2025, Payable on May 21, 2026Information and Communication Networks Public Company Limited at its AGM to be held on April 22, 2026, proposed a cash dividend of THB 0.09 per share for the operating period from January 1, 2025, to December 31, 2025. Payment date is May 21, 2026, Ex-dividend date is March 11, 2026, and Record Date is March 12, 2026. The total dividend for 2025, including the interim dividend, is THB 0.15 per share, totaling THB 100,815,066.45.
お知らせ • Feb 26Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2026Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time. Location: at apex room, 3rd floor, ibis styles bangkok, ratchada hotel no. 212 ratchadapisek road, huay, khwang, bangkok 10310, Thailand
Declared Dividend • Nov 17Dividend of ฿0.06 announcedShareholders will receive a dividend of ฿0.06. Ex-date: 27th November 2025 Payment date: 12th December 2025 Dividend yield will be 8.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) and 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 10% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 4.6% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.054 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.04 (down from ฿0.054 in 3Q 2024). Revenue: ฿306.0m (down 21% from 3Q 2024). Net income: ฿26.9m (down 26% from 3Q 2024). Profit margin: 8.8% (down from 9.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
New Risk • Aug 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 96% The company is paying a dividend despite having no free cash flows. Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (฿1.30b market cap, or US$40.0m).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.057 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.04 (down from ฿0.057 in 2Q 2024). Revenue: ฿302.8m (down 3.0% from 2Q 2024). Net income: ฿29.7m (down 23% from 2Q 2024). Profit margin: 9.8% (down from 12% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jun 19Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.2% to ฿1.81. The fair value is estimated to be ฿2.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.2%.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.032 in 1Q 2024)First quarter 2025 results: EPS: ฿0.04 (up from ฿0.032 in 1Q 2024). Revenue: ฿270.3m (up 3.9% from 1Q 2024). Net income: ฿27.4m (up 28% from 1Q 2024). Profit margin: 10% (up from 8.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
お知らせ • Apr 24Information and Communication Networks Public Company Limited Approves Dividend for 2024, Payable on 21 May 2025Information and Communication Networks Public Company Limited at its AGM held on 22 April 2025 considered distributing dividends for 2024 to the shareholders at the rate of THB 0.10 (Ten Satang) per share, totaling THB 67,210,044.30 by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 6 March 2025. The dividend payment shall be made on 21 May 2025.
Declared Dividend • Feb 22Final dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 5th March 2025 Payment date: 21st May 2025 Dividend yield will be 9.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.2% EPS growth achieved over the last 5 years.
お知らせ • Feb 21Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2025Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2025, at 14:00 SE Asia Standard Time. Location: at apex room, 3rd floor, ibis styles, bangkok ratchada hotel no. 212, ratchadapisek road, huay khwang, bangkok 10310 Thailand
お知らせ • Feb 20Information and Communication Networks Public Company Limited Proposes Dividend for 2024, Payable on 21 May 2025Information and Communication Networks Public Company Limited proposed to pay dividend from the Company's business performance in 2024 to the shareholders at the rate of THB 0.10 per share, totaling THB 67,210,044.30 by specifying the date of record for the shareholders entitled to receive the dividend on 6 March 2025, and the dividend payment is scheduled on 21 May 2025.
Valuation Update With 7 Day Price Move • Nov 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.14, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 60% over the past three years.
Declared Dividend • Nov 09First half dividend reduced to ฿0.10Dividend of ฿0.10 is 33% lower than last year. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 7.3%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (89.8% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 17% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 8.0% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.36, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 50% over the past three years.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.056 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.06 (up from ฿0.056 in 2Q 2023). Revenue: ฿312.1m (down 24% from 2Q 2023). Net income: ฿38.5m (up 8.5% from 2Q 2023). Profit margin: 12% (up from 8.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jul 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿2.22. The fair value is estimated to be ฿2.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.
Buy Or Sell Opportunity • Jul 01Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to ฿2.14. The fair value is estimated to be ฿2.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.
Buy Or Sell Opportunity • Jun 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to ฿2.24. The fair value is estimated to be ฿2.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.
お知らせ • Apr 23Information and Communication Networks Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 20, 2024Information and Communication Networks Public Company Limited at its AGM held on April 22, 2024 approved distributing dividends for 2023 to the shareholders at the rate of THB 0.08 (Eight Satang) per share, totaling THB 53,768,035.44 (Fifty-three million seven hundred sixty-eight thousand thirty-five baht forty-four satang) by specifying and collecting name of shareholders who are entitled to receive dividends pursuant to Section 225 of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) by the Record Date approach on 7 March 2024. The dividend payment shall be made on 20 May 2024.
Upcoming Dividend • Feb 28Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 20 May 2024. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 8.3%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (3.7%).
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: ฿0.28 (vs ฿0.24 in FY 2022)Full year 2023 results: EPS: ฿0.28 (up from ฿0.24 in FY 2022). Revenue: ฿1.86b (up 29% from FY 2022). Net income: ฿175.0m (up 32% from FY 2022). Profit margin: 9.4% (up from 9.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year.
Declared Dividend • Feb 23Dividend reduced to ฿0.08Dividend of ฿0.08 is 20% lower than last year. Ex-date: 6th March 2024 Payment date: 20th May 2024 Dividend yield will be 8.2%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (80% 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 19% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 9.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 22+ 1 more updateInformation and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2024Information and Communication Networks Public Company Limited, Annual General Meeting, Apr 22, 2024, at 07:00 Coordinated Universal Time. Location: 3rd Floor, ibis Styles Bangkok Ratchada Hotel No. 212 Ratchadapisek Road, Huay Khwang, Bangkok Thailand Agenda: To certify the Minutes of 2023 Annual General Meeting of Shareholders held on April 20, 2023; to acknowledge the Company's 2023 business performance for the year ended December 31, 2023; to consider and approve the Company's 2023 financial statements for the year ended December 31, 2023; to consider approve the cessation of allocating net profits as legal reserves and approve dividend payment for the year 2023; to consider approve the cessation of allocating net profits as legal reserves; to consider and approve dividend payment for the year 2023; and to consider other matters.
お知らせ • Jan 10Information and Communication Networks Public Company Limited Announces Executive ChangesInformation and Communication Networks Public Company Limited announced the termination of Kulnoppaleark Chanachai as Chief Financial Officer. Effective Date of termination of January 01, 2024. The company also announced appointment of the Mr. Rungruangboriboon Wirat as Chief Financial Officer, Effective Date of appointment is January 01, 2024.
お知らせ • Dec 15Information and Communication Networks Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 336.050222 million.Information and Communication Networks Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 336.050222 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 672,100,443 Price\Range: THB 0.5 Transaction Features: Subsequent Direct Listing
New Risk • Dec 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.8% 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 Risk High level of non-cash earnings (62% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Market cap is less than US$100m (฿1.85b market cap, or US$53.2m).
Upcoming Dividend • Nov 15Upcoming dividend of ฿0.15 per share at 7.0% yieldEligible shareholders must have bought the stock before 22 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 7.0%. Within top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (3.5%).
お知らせ • Nov 10Information and Communication Networks Public Company Limited Announces Cash Dividend for the Period from January 1, 2023 to September 30, 2023, Payable on December 8, 2023Information and Communication Networks Public Company Limited declared cash dividend of THB 0.15 for the period from January 1, 2023 to September 30, 2023 payable on December 8, 2023. Ex-dividend date is 22-Nov-2023. Record date for the right to receive dividends is 23-Nov-2022.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿2.80, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 40% over the past three years.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.069 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.069 in 2Q 2022). Revenue: ฿411.5m (up 21% from 2Q 2022). Net income: ฿35.5m (down 10% from 2Q 2022). Profit margin: 8.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 02Upcoming dividend of ฿0.10 per share at 8.0% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.1%).
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 Apinun Ratchatasombat was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿340.1m (down 27% from 2Q 2021). Net income: ฿39.4m (up 9.4% from 2Q 2021). Profit margin: 12% (up from 7.7% in 2Q 2021). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿4.52, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 179% over the past three years.
Buying Opportunity • May 12Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿4.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 30%.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Chairman Segsan Roylapcharoenporn was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿5.95, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 26x in the IT industry in Thailand. Total returns to shareholders of 283% over the past three years.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 19 May 2022. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (6.6%).
Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ฿0.35 (up from ฿0.25 in FY 2020). Revenue: ฿1.76b (up 20% from FY 2020). Net income: ฿157.0m (up 41% from FY 2020). Profit margin: 8.9% (up from 7.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. 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 37% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 24Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿7.00, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 22x in the IT industry in Thailand. Total returns to shareholders of 365% over the past three years.
Upcoming Dividend • Nov 17Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 24 November 2021. Payment date: 09 December 2021. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (2.9%).
Reported Earnings • Nov 16Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿480.2m (down 3.3% from 3Q 2020). Net income: ฿67.7m (up 61% from 3Q 2020). Profit margin: 14% (up from 8.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿6.10, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 226% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.08 (vs ฿0.05 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿465.7m (up 69% from 2Q 2020). Net income: ฿36.0m (up 61% from 2Q 2020). Profit margin: 7.7% (down from 8.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿6.20, the stock trades at a trailing P/E ratio of 20x. Average forward P/E is 25x in the IT industry in Thailand. Total returns to shareholders of 223% over the past three years.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿4.84, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 25x in the IT industry in Thailand. Total returns to shareholders of 154% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.026 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿583.0m (up 152% from 1Q 2020). Net income: ฿40.1m (up 237% from 1Q 2020). Profit margin: 6.9% (up from 5.1% 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 11% per year whereas the company’s share price has increased by 14% per year.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the IT industry in Asia. Total returns to shareholders of 111% over the past three years.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.25 (vs ฿0.21 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿1.47b (up 22% from FY 2019). Net income: ฿111.7m (up 19% from FY 2019). Profit margin: 7.6% (down from 7.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is expected to shrink by 7.7% compared to a 14% growth forecast for the IT industry in Thailand.
Is New 90 Day High Low • Feb 02New 90-day high: ฿3.54The company is up 65% from its price of ฿2.14 on 04 November 2020. The Thai market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Jan 14New 90-day high: ฿3.24The company is up 53% from its price of ฿2.12 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 1.0% over the same period.
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿3.04, the stock is trading at a trailing P/E ratio of 11.9x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past three years are 48%.
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿2.96, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past three years are 39%.
Is New 90 Day High Low • Dec 30New 90-day high: ฿2.52The company is up 21% from its price of ฿2.08 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.09The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿496.8m (up 80% from 3Q 2019). Net income: ฿42.1m (up 124% from 3Q 2019). Profit margin: 8.5% (up from 6.8% 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 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Nov 12New 90-day high: ฿2.32The company is up 15% from its price of ฿2.02 on 14 August 2020. The Thai market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period.
Is New 90 Day High Low • Oct 07New 90-day high: ฿2.28The company is up 18% from its price of ฿1.93 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 10.0% over the same period.