View ValuationSky ICT 将来の成長Future 基準チェック /26Sky ICT利益と収益がそれぞれ年間10.5%と4.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.5% 10.5%なると予測されています。主要情報10.5%収益成長率10.50%EPS成長率IT 収益成長16.9%収益成長率4.7%将来の株主資本利益率11.50%アナリストカバレッジLow最終更新日06 May 2026今後の成長に関する最新情報Price Target Changed • Jan 14Price target decreased by 20% to ฿12.00Down from ฿15.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ฿10.60. Stock is down 49% over the past year. The company is forecast to post earnings per share of ฿0.91 for next year compared to ฿0.68 last year.Major Estimate Revision • Sep 03Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ฿9.34b to ฿9.65b. EPS estimate fell from ฿1.10 to ฿0.93 per share. Net income forecast to grow 14% next year vs 6.4% growth forecast for IT industry in Thailand. Consensus price target up from ฿14.70 to ฿15.00. Share price fell 4.2% to ฿13.80 over the past week.Price Target Changed • Jul 22Price target decreased by 47% to ฿14.70Down from ฿27.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of ฿12.50. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.Price Target Changed • Mar 03Price target decreased by 8.6% to ฿27.50Down from ฿30.10, the current price target is provided by 1 analyst. New target price is 50% above last closing price of ฿18.30. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.すべての更新を表示Recent updatesUpcoming Dividend • Apr 30Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (5.5%).Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿12.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the IT industry in Thailand. Total loss to shareholders of 61% over the past three years.お知らせ • Feb 28Sky ICT Public Company Limited announces Annual dividend, payable on May 29, 2026Sky ICT Public Company Limited announced Annual dividend of THB 0.3000 per share payable on May 29, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿12.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 49% over the past three years.New Risk • Feb 09New 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 (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).Price Target Changed • Jan 14Price target decreased by 20% to ฿12.00Down from ฿15.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ฿10.60. Stock is down 49% over the past year. The company is forecast to post earnings per share of ฿0.91 for next year compared to ฿0.68 last year.New Risk • Jan 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future.お知らせ • Oct 16JBP SOLUTIONS CO., LTD. agreed to acquire 30% stake in AERO SERVES Co., Ltd. from Sky ICT Public Company Limited (SET:SKY) for THB 1.5 million.JBP SOLUTIONS CO., LTD. agreed to acquire 30% stake in AERO SERVES Co., Ltd. from Sky ICT Public Company Limited (SET:SKY) for THB 1.5 million on October 15, 2025. As part of consideration, THB 1.5 million is paid towards common equity of AERO SERVES Co., Ltd. For the period ending December 31, 2024, AERO SERVES Co., Ltd. reported total revenue of THB 0.2 million and net income of THB 0.19 million. As of December 31, 2024, AERO SERVES Co., Ltd. reported total assets of THB 4.95 million and total common equity of THB 4.94 million. The expected completion of the transaction is October 15, 2025 to October 31, 2025.Buy Or Sell Opportunity • Sep 04Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 9.2% to ฿14.20. The fair value is estimated to be ฿11.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.Major Estimate Revision • Sep 03Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ฿9.34b to ฿9.65b. EPS estimate fell from ฿1.10 to ฿0.93 per share. Net income forecast to grow 14% next year vs 6.4% growth forecast for IT industry in Thailand. Consensus price target up from ฿14.70 to ฿15.00. Share price fell 4.2% to ฿13.80 over the past week.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ฿15.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 53% over the past three years.New Risk • Aug 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin).Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.24 (vs ฿0.13 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.24 (up from ฿0.13 in 2Q 2024). Revenue: ฿2.63b (up 62% from 2Q 2024). Net income: ฿174.1m (up 65% from 2Q 2024). Profit margin: 6.6% (up from 6.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿14.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 42% over the past three years.Buy Or Sell Opportunity • Aug 07Now 31% overvalued after recent price riseOver the last 90 days, the stock has risen 6.5% to ฿14.70. The fair value is estimated to be ฿11.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.Price Target Changed • Jul 22Price target decreased by 47% to ฿14.70Down from ฿27.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of ฿12.50. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.25 (vs ฿0.18 in 1Q 2024)First quarter 2025 results: EPS: ฿0.25 (up from ฿0.18 in 1Q 2024). Revenue: ฿2.38b (up 73% from 1Q 2024). Net income: ฿180.7m (up 52% from 1Q 2024). Profit margin: 7.6% (down from 8.6% in 1Q 2024). 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 12% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Apr 01Now 21% overvaluedOver the last 90 days, the stock has fallen 39% to ฿16.20. The fair value is estimated to be ฿13.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.Price Target Changed • Mar 03Price target decreased by 8.6% to ฿27.50Down from ฿30.10, the current price target is provided by 1 analyst. New target price is 50% above last closing price of ฿18.30. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.Reported Earnings • Mar 01Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.68 (down from ฿0.81 in FY 2023). Revenue: ฿6.72b (up 63% from FY 2023). Net income: ฿484.3m (down 11% from FY 2023). Profit margin: 7.2% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 28Sky ICT Public Company Limited, Annual General Meeting, Apr 25, 2025Sky ICT Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time.Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿20.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 76% over the past three years.Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Director Somchai Poolsvasdi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿24.40, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 12x in the IT industry in Thailand. Total returns to shareholders of 127% over the past three years.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿20.00, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 84% over the past three years.お知らせ • Aug 16Sky ICT Public Company Limited (SET:SKY) and Turnkey Communication Services Public Company Limited (SET:TKC) signed the share purchase agreement to acquire 70% stake in One To One Professional Co., Ltd. from Peer For You Public Company Limited (SET:PEER) for approximately THB160 million.Sky ICT Public Company Limited (SET:SKY) and Turnkey Communication Services Public Company Limited (SET:TKC) signed the share purchase agreement to acquire 70% stake in One To One Professional Co., Ltd. from Peer For You Public Company Limited (SET:PEER) for approximately THB160 million on August 13, 2024. SKY ICT Public Company Limited will acquire 45% stake and Turnkey Communication Services Public Company Limited will acquire 25% stake in One To One Professional Co. Peer For You Public Company Limited's Board of Directors Meeting approved the sale of 5.6 million ordinary shares equivalent to 70% of the total shares in One to One Professional Company, at the price is THB 28.45 per share. The purchase prices to be paid by SKY are: (i) THB 90 million; and (ii) Cash equivalent to 45% of net working capital of One To One Professional Co., as of June 30, 2024, which is equivalent to THB 12,407,150.82; and the purchase prices to be paid by TKC are: (i) THB 50 million; and (ii) Cash equivalent to 25% of net working capital of OTP as of June 30, 2024, which equivalent to THB 6,892,861.57. The funds received from the sale of OTP shares will be used to support expansion of investment in new businesses. and continue to use it as the Company's working capital. The transaction is expected to be completed by August 30, 2024.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.18 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17. Revenue: ฿1.63b (up 73% from 2Q 2023). Net income: ฿120.0m (up 2.4% from 2Q 2023). Profit margin: 7.4% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.Buy Or Sell Opportunity • Aug 05Now 25% overvaluedOver the last 90 days, the stock has fallen 40% to ฿15.90. The fair value is estimated to be ฿12.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 53%.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿19.40, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 79% over the past three years.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.14 in 1Q 2023)First quarter 2024 results: EPS: ฿0.18 (up from ฿0.14 in 1Q 2023). Revenue: ฿1.38b (up 68% from 1Q 2023). Net income: ฿118.9m (up 42% from 1Q 2023). Profit margin: 8.6% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 01Sky ICT Public Company Limited, Annual General Meeting, Apr 26, 2024Sky ICT Public Company Limited, Annual General Meeting, Apr 26, 2024, at 16:00 SE Asia Standard Time. Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders, which was held on 21 April 2023; to consider and acknowledge the 2023 operation results of the Company; to consider and approve the Company's financial statements for year 2023, ended 31 December 2023; to consider and approve the appropriate of net profits as legal reserve and the omission of the dividend payment for the operating results for the year 2023; and to consider other matters.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.81 (vs ฿0.34 in FY 2022)Full year 2023 results: EPS: ฿0.81 (up from ฿0.34 in FY 2022). Revenue: ฿4.12b (up 47% from FY 2022). Net income: ฿541.8m (up 154% from FY 2022). Profit margin: 13% (up from 7.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.06 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.20 (up from ฿0.06 loss in 3Q 2022). Revenue: ฿1.08b (up 59% from 3Q 2022). Net income: ฿124.2m (up ฿159.8m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.028 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.18 (up from ฿0.028 loss in 2Q 2022). Revenue: ฿942.3m (up 17% from 2Q 2022). Net income: ฿117.2m (up ฿134.3m from 2Q 2022). Profit margin: 12% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jun 21Sky ICT Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 1.008 billion.Sky ICT Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 1.008 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: THB 16.8 Transaction Features: Subsequent Direct ListingNew Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Shareholders have been diluted in the past year (5.0% increase in shares outstanding).Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.30 in 1Q 2022)First quarter 2023 results: EPS: ฿0.14 (down from ฿0.30 in 1Q 2022). Revenue: ฿820.0m (up 75% from 1Q 2022). Net income: ฿83.9m (down 54% from 1Q 2022). Profit margin: 10% (down from 39% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿25.50, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 16x in the IT industry in Thailand. Total returns to shareholders of 118% over the past three years.Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿12.70, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 22x in the IT industry in Thailand. Total loss to shareholders of 8.2% over the past three years.Reported Earnings • Nov 18Third quarter 2022 earnings released: ฿0.06 loss per share (vs ฿0.02 profit in 3Q 2021)Third quarter 2022 results: ฿0.06 loss per share (down from ฿0.02 profit in 3Q 2021). Revenue: ฿679.2m (down 3.8% from 3Q 2021). Net loss: ฿35.6m (down 431% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Somchai Poolsvasdi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 20Second quarter 2022 earnings released: ฿0.028 loss per share (vs ฿0.02 profit in 2Q 2021)Second quarter 2022 results: ฿0.028 loss per share (down from ฿0.02 profit in 2Q 2021). Revenue: ฿804.4m (flat on 2Q 2021). Net loss: ฿17.0m (down 258% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 30Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿11.50, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 20x in the IT industry in Thailand. Total returns to shareholders of 5.2% over the past three years.Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.30 (up from ฿0.022 in 1Q 2021). Revenue: ฿468.0m (down 53% from 1Q 2021). Net income: ฿182.3m (up ฿168.5m from 1Q 2021). Profit margin: 39% (up from 1.4% in 1Q 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.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. 5 non-independent directors. Independent Director Sarut Vanichpun 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 • Mar 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.07 (down from ฿0.27 in FY 2020). Revenue: ฿3.00b (down 15% from FY 2020). Net income: ฿40.6m (down 73% from FY 2020). Profit margin: 1.4% (down from 4.2% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.04 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿706.4m (down 28% from 3Q 2020). Net income: ฿10.8m (down 54% from 3Q 2020). Profit margin: 1.5% (down from 2.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year.Executive Departure • Oct 06Chief Accounting Jakkapan Intawong has left the companyOn the 30th of September, Jakkapan Intawong's tenure as Chief Accounting ended after less than a year in the role. We don't have any record of a personal shareholding under Jakkapan's name. Jakkapan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.33 years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.046 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿810.1m (up 6.6% from 2Q 2020). Net income: ฿10.8m (down 58% from 2Q 2020). Profit margin: 1.3% (down from 3.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿0.022 (vs ฿0.035 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿986.5m (up 37% from 1Q 2020). Net income: ฿13.7m (down 29% from 1Q 2020). Profit margin: 1.4% (down from 2.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 02Full year 2020 earnings released: EPS ฿0.27 (vs ฿0.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿3.54b (down 11% from FY 2019). Net income: ฿149.8m (down 32% from FY 2019). Profit margin: 4.2% (down from 5.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Mar 02Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Over the next year, revenue is forecast to grow 24%, compared to a 14% growth forecast for the IT industry in Thailand.Is New 90 Day High Low • Feb 22New 90-day low: ฿11.30The company is down 10.0% from its price of ฿12.50 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 7.0% over the same period.Is New 90 Day High Low • Dec 25New 90-day low: ฿11.50The company is down 12% from its price of ฿13.10 on 25 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 9.0% over the same period.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.04The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿986.9m (down 49% from 3Q 2019). Net income: ฿23.2m (down 86% from 3Q 2019). Profit margin: 2.4% (down from 8.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 19New 90-day low: ฿12.30The company is down 20% from its price of ฿15.39 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 2.0% over the same period.Is New 90 Day High Low • Sep 30New 90-day low: ฿13.00The company is down 8.0% from its price of ฿14.13 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 11% over the same period.業績と収益の成長予測SET:SKY - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202811,6949291,3941,489112/31/202711,2878531,0631,158112/31/202610,5247372,1022,650112/31/202510,248688163298N/A9/30/20259,829681-407-224N/A6/30/20258,722615-121103N/A3/31/20257,718554276583N/A12/31/20246,7244849011,222N/A9/30/20245,9895461,0301,458N/A6/30/20245,3615564451,150N/A3/31/20244,67856155768N/A12/31/20234,119533154832N/A9/30/20233,685408-46481N/A6/30/20233,285249-490-298N/A3/31/20233,147115-976-891N/A12/31/20222,795213-1,386-1,314N/A9/30/20222,450135-1,501-1,456N/A6/30/20222,477181-907-735N/A3/31/20222,483209-722-376N/A12/31/20213,00141-1,476-462N/A9/30/20213,579117-3,114-1,411N/A6/30/20213,860129-2,976-1,361N/A3/31/20213,810144-2,351-906N/A12/31/20203,542150-1,009-131N/A9/30/20202,97435380567N/A6/30/20203,936182354557N/A3/31/20203,980208-1,226-1,009N/A12/31/20193,961219-1,770-1,639N/A9/30/20193,609248N/A-1,140N/A6/30/20191,932105N/A-1,229N/A3/31/20191,355102N/A233N/A12/31/2018966109N/A123N/A9/30/20181,110125N/A-345N/A6/30/20181,01195N/A-376N/A3/31/201880541N/A-476N/A12/31/20175395N/A-204N/A9/30/2017346-3N/A-76N/A6/30/20172450N/A-14N/A3/31/20172838N/A-42N/A12/31/20163129N/A-53N/A9/30/20162467N/A-61N/A6/30/201625914N/A-49N/A3/31/201623913N/A-36N/A12/31/201520612N/A14N/A9/30/201521013N/A11N/A6/30/201518712N/A31N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SKYの予測収益成長率 (年間10.5% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: SKYの収益 ( 10.5% ) はTH市場 ( 10.4% ) よりも速いペースで成長すると予測されています。高成長収益: SKYの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: SKYの収益 ( 4.7% ) TH市場 ( 9.6% ) よりも低い成長が予測されています。高い収益成長: SKYの収益 ( 4.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SKYの 自己資本利益率 は、3年後には低くなると予測されています ( 11.5 %)。成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/18 22:50終値2026/05/18 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Sky ICT Public Company Limited 1 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Wasu MattanapotchanartMaybank Research Pte. Ltd.
Price Target Changed • Jan 14Price target decreased by 20% to ฿12.00Down from ฿15.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ฿10.60. Stock is down 49% over the past year. The company is forecast to post earnings per share of ฿0.91 for next year compared to ฿0.68 last year.
Major Estimate Revision • Sep 03Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ฿9.34b to ฿9.65b. EPS estimate fell from ฿1.10 to ฿0.93 per share. Net income forecast to grow 14% next year vs 6.4% growth forecast for IT industry in Thailand. Consensus price target up from ฿14.70 to ฿15.00. Share price fell 4.2% to ฿13.80 over the past week.
Price Target Changed • Jul 22Price target decreased by 47% to ฿14.70Down from ฿27.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of ฿12.50. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.
Price Target Changed • Mar 03Price target decreased by 8.6% to ฿27.50Down from ฿30.10, the current price target is provided by 1 analyst. New target price is 50% above last closing price of ฿18.30. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (5.5%).
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿12.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the IT industry in Thailand. Total loss to shareholders of 61% over the past three years.
お知らせ • Feb 28Sky ICT Public Company Limited announces Annual dividend, payable on May 29, 2026Sky ICT Public Company Limited announced Annual dividend of THB 0.3000 per share payable on May 29, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿12.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 49% over the past three years.
New Risk • Feb 09New 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 (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).
Price Target Changed • Jan 14Price target decreased by 20% to ฿12.00Down from ฿15.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ฿10.60. Stock is down 49% over the past year. The company is forecast to post earnings per share of ฿0.91 for next year compared to ฿0.68 last year.
New Risk • Jan 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future.
お知らせ • Oct 16JBP SOLUTIONS CO., LTD. agreed to acquire 30% stake in AERO SERVES Co., Ltd. from Sky ICT Public Company Limited (SET:SKY) for THB 1.5 million.JBP SOLUTIONS CO., LTD. agreed to acquire 30% stake in AERO SERVES Co., Ltd. from Sky ICT Public Company Limited (SET:SKY) for THB 1.5 million on October 15, 2025. As part of consideration, THB 1.5 million is paid towards common equity of AERO SERVES Co., Ltd. For the period ending December 31, 2024, AERO SERVES Co., Ltd. reported total revenue of THB 0.2 million and net income of THB 0.19 million. As of December 31, 2024, AERO SERVES Co., Ltd. reported total assets of THB 4.95 million and total common equity of THB 4.94 million. The expected completion of the transaction is October 15, 2025 to October 31, 2025.
Buy Or Sell Opportunity • Sep 04Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 9.2% to ฿14.20. The fair value is estimated to be ฿11.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.
Major Estimate Revision • Sep 03Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ฿9.34b to ฿9.65b. EPS estimate fell from ฿1.10 to ฿0.93 per share. Net income forecast to grow 14% next year vs 6.4% growth forecast for IT industry in Thailand. Consensus price target up from ฿14.70 to ฿15.00. Share price fell 4.2% to ฿13.80 over the past week.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ฿15.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 53% over the past three years.
New Risk • Aug 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin).
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.24 (vs ฿0.13 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.24 (up from ฿0.13 in 2Q 2024). Revenue: ฿2.63b (up 62% from 2Q 2024). Net income: ฿174.1m (up 65% from 2Q 2024). Profit margin: 6.6% (up from 6.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿14.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 42% over the past three years.
Buy Or Sell Opportunity • Aug 07Now 31% overvalued after recent price riseOver the last 90 days, the stock has risen 6.5% to ฿14.70. The fair value is estimated to be ฿11.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.
Price Target Changed • Jul 22Price target decreased by 47% to ฿14.70Down from ฿27.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of ฿12.50. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.25 (vs ฿0.18 in 1Q 2024)First quarter 2025 results: EPS: ฿0.25 (up from ฿0.18 in 1Q 2024). Revenue: ฿2.38b (up 73% from 1Q 2024). Net income: ฿180.7m (up 52% from 1Q 2024). Profit margin: 7.6% (down from 8.6% in 1Q 2024). 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 12% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Apr 01Now 21% overvaluedOver the last 90 days, the stock has fallen 39% to ฿16.20. The fair value is estimated to be ฿13.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
Price Target Changed • Mar 03Price target decreased by 8.6% to ฿27.50Down from ฿30.10, the current price target is provided by 1 analyst. New target price is 50% above last closing price of ฿18.30. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.10 for next year compared to ฿0.68 last year.
Reported Earnings • Mar 01Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿0.68 (down from ฿0.81 in FY 2023). Revenue: ฿6.72b (up 63% from FY 2023). Net income: ฿484.3m (down 11% from FY 2023). Profit margin: 7.2% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 28Sky ICT Public Company Limited, Annual General Meeting, Apr 25, 2025Sky ICT Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time.
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿20.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 76% over the past three years.
Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Director Somchai Poolsvasdi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿24.40, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 12x in the IT industry in Thailand. Total returns to shareholders of 127% over the past three years.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿20.00, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 84% over the past three years.
お知らせ • Aug 16Sky ICT Public Company Limited (SET:SKY) and Turnkey Communication Services Public Company Limited (SET:TKC) signed the share purchase agreement to acquire 70% stake in One To One Professional Co., Ltd. from Peer For You Public Company Limited (SET:PEER) for approximately THB160 million.Sky ICT Public Company Limited (SET:SKY) and Turnkey Communication Services Public Company Limited (SET:TKC) signed the share purchase agreement to acquire 70% stake in One To One Professional Co., Ltd. from Peer For You Public Company Limited (SET:PEER) for approximately THB160 million on August 13, 2024. SKY ICT Public Company Limited will acquire 45% stake and Turnkey Communication Services Public Company Limited will acquire 25% stake in One To One Professional Co. Peer For You Public Company Limited's Board of Directors Meeting approved the sale of 5.6 million ordinary shares equivalent to 70% of the total shares in One to One Professional Company, at the price is THB 28.45 per share. The purchase prices to be paid by SKY are: (i) THB 90 million; and (ii) Cash equivalent to 45% of net working capital of One To One Professional Co., as of June 30, 2024, which is equivalent to THB 12,407,150.82; and the purchase prices to be paid by TKC are: (i) THB 50 million; and (ii) Cash equivalent to 25% of net working capital of OTP as of June 30, 2024, which equivalent to THB 6,892,861.57. The funds received from the sale of OTP shares will be used to support expansion of investment in new businesses. and continue to use it as the Company's working capital. The transaction is expected to be completed by August 30, 2024.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.18 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17. Revenue: ฿1.63b (up 73% from 2Q 2023). Net income: ฿120.0m (up 2.4% from 2Q 2023). Profit margin: 7.4% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
Buy Or Sell Opportunity • Aug 05Now 25% overvaluedOver the last 90 days, the stock has fallen 40% to ฿15.90. The fair value is estimated to be ฿12.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 53%.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿19.40, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 79% over the past three years.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.14 in 1Q 2023)First quarter 2024 results: EPS: ฿0.18 (up from ฿0.14 in 1Q 2023). Revenue: ฿1.38b (up 68% from 1Q 2023). Net income: ฿118.9m (up 42% from 1Q 2023). Profit margin: 8.6% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 01Sky ICT Public Company Limited, Annual General Meeting, Apr 26, 2024Sky ICT Public Company Limited, Annual General Meeting, Apr 26, 2024, at 16:00 SE Asia Standard Time. Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders, which was held on 21 April 2023; to consider and acknowledge the 2023 operation results of the Company; to consider and approve the Company's financial statements for year 2023, ended 31 December 2023; to consider and approve the appropriate of net profits as legal reserve and the omission of the dividend payment for the operating results for the year 2023; and to consider other matters.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.81 (vs ฿0.34 in FY 2022)Full year 2023 results: EPS: ฿0.81 (up from ฿0.34 in FY 2022). Revenue: ฿4.12b (up 47% from FY 2022). Net income: ฿541.8m (up 154% from FY 2022). Profit margin: 13% (up from 7.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.06 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.20 (up from ฿0.06 loss in 3Q 2022). Revenue: ฿1.08b (up 59% from 3Q 2022). Net income: ฿124.2m (up ฿159.8m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.028 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.18 (up from ฿0.028 loss in 2Q 2022). Revenue: ฿942.3m (up 17% from 2Q 2022). Net income: ฿117.2m (up ฿134.3m from 2Q 2022). Profit margin: 12% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jun 21Sky ICT Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 1.008 billion.Sky ICT Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 1.008 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: THB 16.8 Transaction Features: Subsequent Direct Listing
New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Shareholders have been diluted in the past year (5.0% increase in shares outstanding).
Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.30 in 1Q 2022)First quarter 2023 results: EPS: ฿0.14 (down from ฿0.30 in 1Q 2022). Revenue: ฿820.0m (up 75% from 1Q 2022). Net income: ฿83.9m (down 54% from 1Q 2022). Profit margin: 10% (down from 39% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿25.50, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 16x in the IT industry in Thailand. Total returns to shareholders of 118% over the past three years.
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿12.70, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 22x in the IT industry in Thailand. Total loss to shareholders of 8.2% over the past three years.
Reported Earnings • Nov 18Third quarter 2022 earnings released: ฿0.06 loss per share (vs ฿0.02 profit in 3Q 2021)Third quarter 2022 results: ฿0.06 loss per share (down from ฿0.02 profit in 3Q 2021). Revenue: ฿679.2m (down 3.8% from 3Q 2021). Net loss: ฿35.6m (down 431% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Somchai Poolsvasdi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 20Second quarter 2022 earnings released: ฿0.028 loss per share (vs ฿0.02 profit in 2Q 2021)Second quarter 2022 results: ฿0.028 loss per share (down from ฿0.02 profit in 2Q 2021). Revenue: ฿804.4m (flat on 2Q 2021). Net loss: ฿17.0m (down 258% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 30Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿11.50, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 20x in the IT industry in Thailand. Total returns to shareholders of 5.2% over the past three years.
Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.30 (up from ฿0.022 in 1Q 2021). Revenue: ฿468.0m (down 53% from 1Q 2021). Net income: ฿182.3m (up ฿168.5m from 1Q 2021). Profit margin: 39% (up from 1.4% in 1Q 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
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. 5 non-independent directors. Independent Director Sarut Vanichpun 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 • Mar 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.07 (down from ฿0.27 in FY 2020). Revenue: ฿3.00b (down 15% from FY 2020). Net income: ฿40.6m (down 73% from FY 2020). Profit margin: 1.4% (down from 4.2% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.04 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿706.4m (down 28% from 3Q 2020). Net income: ฿10.8m (down 54% from 3Q 2020). Profit margin: 1.5% (down from 2.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year.
Executive Departure • Oct 06Chief Accounting Jakkapan Intawong has left the companyOn the 30th of September, Jakkapan Intawong's tenure as Chief Accounting ended after less than a year in the role. We don't have any record of a personal shareholding under Jakkapan's name. Jakkapan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.33 years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.046 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿810.1m (up 6.6% from 2Q 2020). Net income: ฿10.8m (down 58% from 2Q 2020). Profit margin: 1.3% (down from 3.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.
Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿0.022 (vs ฿0.035 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿986.5m (up 37% from 1Q 2020). Net income: ฿13.7m (down 29% from 1Q 2020). Profit margin: 1.4% (down from 2.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 02Full year 2020 earnings released: EPS ฿0.27 (vs ฿0.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿3.54b (down 11% from FY 2019). Net income: ฿149.8m (down 32% from FY 2019). Profit margin: 4.2% (down from 5.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Mar 02Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Over the next year, revenue is forecast to grow 24%, compared to a 14% growth forecast for the IT industry in Thailand.
Is New 90 Day High Low • Feb 22New 90-day low: ฿11.30The company is down 10.0% from its price of ฿12.50 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Dec 25New 90-day low: ฿11.50The company is down 12% from its price of ฿13.10 on 25 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 9.0% over the same period.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.04The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿986.9m (down 49% from 3Q 2019). Net income: ฿23.2m (down 86% from 3Q 2019). Profit margin: 2.4% (down from 8.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 19New 90-day low: ฿12.30The company is down 20% from its price of ฿15.39 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Sep 30New 90-day low: ฿13.00The company is down 8.0% from its price of ฿14.13 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 11% over the same period.