View Past PerformancePractical Solution バランスシートの健全性財務の健全性 基準チェック /56Practical Solutionの総株主資本はTHB725.3M 、総負債はTHB40.0Mで、負債比率は5.5%となります。総資産と総負債はそれぞれTHB1.4BとTHB716.1Mです。 Practical Solutionの EBIT はTHB164.8Mで、利息カバレッジ比率-18.2です。現金および短期投資はTHB291.2Mです。主要情報5.52%負債資本比率฿40.00m負債インタレスト・カバレッジ・レシオ-18.2x現金฿291.16mエクイティ฿725.30m負債合計฿716.10m総資産฿1.44b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesUpcoming Dividend • Apr 17Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 24 April 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.4%).Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿0.33 (vs ฿0.34 in FY 2024)Full year 2025 results: EPS: ฿0.33. Revenue: ฿1.58b (flat on FY 2024). Net income: ฿138.8m (up 2.4% from FY 2024). Profit margin: 8.8% (up from 8.5% in FY 2024).Declared Dividend • Feb 23Dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 24th April 2026 Payment date: 19th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% 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 20The Practical Solution Public Company Limited, Annual General Meeting, Apr 20, 2026The Practical Solution Public Company Limited, Annual General Meeting, Apr 20, 2026, at 14:00 SE Asia Standard Time.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.094 (vs ฿0.06 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.094 (up from ฿0.06 in 3Q 2024). Revenue: ฿400.3m (up 7.7% from 3Q 2024). Net income: ฿39.5m (up 58% from 3Q 2024). Profit margin: 9.9% (up from 6.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 20Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 27 August 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (8.0%). Lower than average of industry peers (7.8%).Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.079 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.09 (up from ฿0.079 in 2Q 2024). Revenue: ฿385.0m (up 4.6% from 2Q 2024). Net income: ฿37.7m (up 15% from 2Q 2024). Profit margin: 9.8% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.New Risk • Jun 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (฿1.09b market cap, or US$33.5m).Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.78, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the IT industry in Thailand. Total returns to shareholders of 11% over the past three years.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.053 (vs ฿0.047 in 1Q 2024)First quarter 2025 results: EPS: ฿0.053 (up from ฿0.047 in 1Q 2024). Revenue: ฿361.7m (up 7.7% from 1Q 2024). Net income: ฿22.1m (up 32% from 1Q 2024). Profit margin: 6.1% (up from 5.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 24The Practical Solution Public Company Limited Approves Dividend Payment for the Fiscal Year Ended 2024, Payable May 15, 2025The Practical Solution Public Company Limited at its 2025 Annual General Meeting of Shareholders held on April 22, 2025, the Company had already allocated the net profit as a legal reserve which is equivalent to 10% of the Company's registered capital by virtue of Section 116 of the Public Limited Company Act B. E. 2535, therefore, the Company is not required to allocate the net profit from its operations for the year 2024 as a legal reserve, and the approve of dividend payment for the fiscal year ended 2024 in cash at the rate of THB 0.20 per share to the Company's shareholders holding 419,699,735 shares, whereby the total amount of dividends is THB 83,939,947, representing 65% of the net profit for the year according to the 2024 Company's Separate Financial Statements and in compliance with the Company's dividend payment policy. The total dividend payments will be subject to withholding tax at the rate prescribed by law. The Company shall make dividends payment to the shareholders by May 15, 2025, as per the names appearing in the list of shareholders as at the record date fixed for the shareholders who are eligible to receive the dividends on April 30, 2025.Upcoming Dividend • Apr 22Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 29 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 59% and the cash payout ratio is 90%. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (8.0%). Lower than average of industry peers (7.3%).Buy Or Sell Opportunity • Apr 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 39% to ฿3.92. The fair value is estimated to be ฿3.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 30%.Buy Or Sell Opportunity • Mar 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 37% to ฿4.00. The fair value is estimated to be ฿3.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 30%.Buy Or Sell Opportunity • Feb 24Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to ฿4.28. The fair value is estimated to be ฿3.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 30%.Reported Earnings • Feb 22Full year 2024 earnings released: EPS: ฿0.34 (vs ฿0.33 in FY 2023)Full year 2024 results: EPS: ฿0.34 (up from ฿0.33 in FY 2023). Revenue: ฿1.61b (up 19% from FY 2023). Net income: ฿135.5m (up 16% from FY 2023). Profit margin: 8.4% (down from 8.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.New Risk • Feb 21New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (270% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (฿1.63b market cap, or US$48.6m).Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿3.90, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 56% over the past three years.お知らせ • Feb 21+ 1 more updateThe Practical Solution Public Company Limited Proposes Cash Dividend for the Operations as of December 31, 2024, Payable on May 15, 2025The Practical Solution Public Company Limited at its board meeting held on February 20, 2025, proposed the payment of dividends by cash for the operations as of December 31, 2024 at the rate of THB 0.20 (Twenty Satang) per share to the Company's shareholders holding 419,699,735.00 shares, the total amount of dividends is THB 83,939,947.00 which representing 65.00% of the Company's net profit for the year 2024 and in compliance with the Company's dividends payment policy. The total dividends payments will be subject to withholding tax at the rate prescribed by law. The record date for determining the eligible shareholders for receiving payment of dividends is fixed on April 30,2025 and the date of payment of dividends will be May 15, 2025.Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿3.26, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 38% over the past three years.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.11 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.06 (down from ฿0.11 in 3Q 2023). Revenue: ฿374.1m (down 12% from 3Q 2023). Net income: ฿25.1m (down 34% from 3Q 2023). Profit margin: 6.7% (down from 8.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Oct 16Now 24% overvaluedOver the last 90 days, the stock has fallen 1.3% to ฿3.10. The fair value is estimated to be ฿2.50, 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 38%.Buy Or Sell Opportunity • Aug 21Now 23% overvaluedOver the last 90 days, the stock has fallen 27% to ฿3.08. The fair value is estimated to be ฿2.50, 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 38%.New Risk • Aug 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (฿1.21b market cap, or US$34.4m).Valuation Update With 7 Day Price Move • Jul 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿3.50, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the IT industry in Thailand. Total returns to shareholders of 67% over the past three years.Board Change • Jun 01Less 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 Chairman of the Board Anocha Wongrungroj 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 • May 11First quarter 2024 earnings released: EPS: ฿0.047 (vs ฿0.034 in 1Q 2023)First quarter 2024 results: EPS: ฿0.047 (up from ฿0.034 in 1Q 2023). Revenue: ฿337.9m (up 71% from 1Q 2023). Net income: ฿16.7m (up 46% from 1Q 2023). Profit margin: 4.9% (down from 5.8% 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 37% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿5.35, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 15x in the IT industry in Thailand. Total returns to shareholders of 133% over the past three years.お知らせ • Apr 20The Practical Solution Public Company Limited Approves Dividend Payment for the Accumulated Income as of December 31, 2023, Payable by May 15, 2024The Practical Solution Public Company Limited announced that at the annual general meeting was held on April 19, 2024, the approval of the allocation of net profit as a statutory reserved fund of THB 2,737,983.89 and the declaration of dividend payment for the accumulated income as of December 31, 2023 by cash at the rate of THB 0.18 (Eighteen Satang) per share to the Company's shareholders holding not exceeding 419,992,064 shares, whereby the total amount of dividends shall not exceed THB 75,598,571.52, representing not exceeding 67.70% of the net profit for the year according to the 2023 Company's consolidated Financial Statements and in compliance with the Company's dividends payment policy. The total dividends payments will be subject to withholding tax at the rate prescribed by law. The Company shall make dividends payment to the shareholders by May 15, 2024, as per the names appearing in the list of shareholders as at the record date fixed for the shareholders who are eligible to receive the dividend on April 29, 2024.Upcoming Dividend • Apr 19Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (5.8%). In line with average of industry peers (3.6%).Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿4.80, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 14x in the IT industry in Thailand. Total returns to shareholders of 94% over the past three years.Buy Or Sell Opportunity • Apr 10Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 50% to ฿4.44. The fair value is estimated to be ฿3.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 32%.New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (฿1.68b market cap, or US$45.8m).New Risk • Apr 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (฿1.39b market cap, or US$38.0m).Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ฿4.02, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 97% over the past three years.Buy Or Sell Opportunity • Feb 27Now 20% undervaluedOver the last 90 days, the stock has risen 11% to ฿3.22. The fair value is estimated to be ฿4.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 31%.Declared Dividend • Feb 24Dividend increased to ฿0.18Dividend of ฿0.18 is 80% higher than last year. Ex-date: 26th April 2024 Payment date: 15th May 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 13% 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 23+ 1 more updateThe Practical Solution Public Company Limited, Annual General Meeting, Apr 19, 2024The Practical Solution Public Company Limited, Annual General Meeting, Apr 19, 2024, at 14:00 SE Asia Standard Time.Buy Or Sell Opportunity • Feb 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to ฿2.96. The fair value is estimated to be ฿3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%.Buying Opportunity • Jan 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.8%. The fair value is estimated to be ฿3.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%.Buying Opportunity • Dec 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be ฿3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.091 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.091 in 3Q 2022). Revenue: ฿427.6m (up 58% from 3Q 2022). Net income: ฿38.0m (up 25% from 3Q 2022). Profit margin: 8.9% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.069 (vs ฿0.038 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.069 (up from ฿0.038 in 2Q 2022). Revenue: ฿286.5m (up 59% from 2Q 2022). Net income: ฿24.4m (up 93% from 2Q 2022). Profit margin: 8.5% (up from 7.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.Upcoming Dividend • May 02Upcoming dividend of ฿0.10 per share at 3.2% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (2.8%).Board Change • Jan 04Less 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. Senior VP of Human Resources & General Administration and Director Jarunya Kitkasetsathaporn was the last 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.お知らせ • Dec 30The Practical Solution Public Company Limited Announces Directorate Resignations, Effective January 1, 2023The Practical Solution Public Company Limited announced that Mr. Than Siripokee, Director and Independent Director and Mr. Preecha Ua-anantathanakul, Director and Independent Director submitted resignation letter to the Company to resign from the positions of directors and Independent Director due to additional business engagement with the effective date on January 1, 2023.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.031 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.09 (up from ฿0.031 in 3Q 2021). Revenue: ฿271.4m (up 89% from 3Q 2021). Net income: ฿30.4m (up 211% from 3Q 2021). Profit margin: 11% (up from 6.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿2.88, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 14% over the past year.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.48, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 42% over the past year.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.04 (vs ฿0.034 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.04 (up from ฿0.034 in 2Q 2021). Revenue: ฿181.9m (up 54% from 2Q 2021). Net income: ฿12.6m (up 14% from 2Q 2021). Profit margin: 6.9% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses.Board Change • Jul 12Less 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 Than Siripokee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.04 (vs ฿0.008 in 1Q 2021)First quarter 2022 results: EPS: ฿0.04 (up from ฿0.008 in 1Q 2021). Revenue: ฿202.6m (up 59% from 1Q 2021). Net income: ฿14.0m (up 401% from 1Q 2021). Profit margin: 6.9% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue.お知らせ • Apr 13The Practical Solution Public Company Limited Announces Dividend for the Year Ended December 31, 2021The Practical Solution Public Company Limited announced that in its AGM held on 7th April, 2022, the company has approved the declaration of dividend payment for the Company's Operations as of December 31, 2021 by cash at the rate of THB 0.08 per share to the Company's shareholders holding 335,999,872 shares, the total amount of dividends is THB 26,879,989.76 which representing 69.38% of the net profit for the year according to the 2021 Company's consolidated Financial Statements and in compliance with the Company's dividends payment policy. The total dividends payments will be subject to withholding tax at the rate prescribed by law. The Company shall make dividends payment to the shareholders by May 6, 2022, as per the names appearing in the list of shareholders as at the record date fixed for the shareholders who are eligible to receive the dividend on April 20, 2022.Upcoming Dividend • Apr 12Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (1.8%).Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿3.50, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 21x in the IT industry in Thailand. Total returns to shareholders of 61% over the past year.お知らせ • Feb 24The Practical Solution Public Company Limited, Annual General Meeting, Apr 07, 2022The Practical Solution Public Company Limited, Annual General Meeting, Apr 07, 2022, at 07:00 Coordinated Universal Time. Location: at No. 99, Soi Cement Thai, Ratchadapisek Road Lad Yao, Chatuchak Bangkok Thailand Agenda: To consider and approve the minutes of the 2021 Annual General Meeting of Shareholders; to acknowledge the Board of Directors' report on the Company's Operating Results for the year ending December 31, 2021, and the Annual Report for the year 2021; to consider and approve the Company's financial statements for the fiscal period ending December 31, 2021; to consider and approve the appropriation of profits as legal reserve and the declaration of dividends payment for the Company's Operations as of December 31, 2021; to consider and approve the appointment of directors in place of those retiring by rotation; to consider and approve the remuneration of Directors for the year 2022; to consider and approve the appointment of the Company's Auditor and fix the auditor's remuneration for the fiscal year 2022; to consider and approve the addition to the Company's objectives and the amendment of Clause 3 of the Company's Memorandum of Association; and to discuss other matters.Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.12 (down from ฿0.16 in FY 2020). Revenue: ฿589.2m (down 20% from FY 2020). Net income: ฿38.7m (down 28% from FY 2020). Profit margin: 6.6% (down from 7.3% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates.お知らせ • Feb 24The Practical Solution Public Company Limited Announces Board ChangesThe Practical Solution Public Company Limited at board of Directors Meeting held on February 22, 2022, approved the acknowledgement of the resignation of Miss Janchay Wetpanya as the Company's director and Chief Financial Officer, effective from 1 February 2022 onward. Appointment of Mrs. Jarunya Kitkasetsathaporn as the new director in the place of the said resigning director.お知らせ • Feb 04The Practical Solution Public Company Limited Announces CFO ChangesThe Practical Solution Public Company Limited announced the appointment of Daonapa Sukduang as CFO, effective February 1, 2022 in place of Janchay Wetpanya, effective January 31, 2022.Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿2.98, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 21x in the IT industry in Thailand. Total returns to shareholders of 55% over the past year.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.032 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ฿144.4m (down 20% from 3Q 2020). Net income: ฿9.77m (down 9.9% from 3Q 2020). Profit margin: 6.8% (up from 6.0% in 3Q 2020). The increase in margin was driven by lower expenses.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.034 (vs ฿0.046 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿118.5m (down 36% from 2Q 2020). Net income: ฿11.0m (down 29% from 2Q 2020). Profit margin: 9.3% (up from 8.5% in 2Q 2020). The increase in margin was driven by lower expenses.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.035 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿128.2m (down 19% from 1Q 2020). Net income: ฿2.80m (down 76% from 1Q 2020). Profit margin: 2.2% (down from 7.4% in 1Q 2020). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.50, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 117% over the past year.Upcoming Dividend • Mar 29Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 05 April 2021. Payment date: 26 April 2021. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (4.3%).Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿3.14, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 15x in the IT industry in Thailand. Total returns to shareholders of 95% over the past year.Reported Earnings • Feb 28Full year 2020 earnings released: EPS ฿0.19 (vs ฿0.23 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: ฿737.9m (up 15% from FY 2019). Net income: ฿53.9m (up 10% from FY 2019). Profit margin: 7.3% (down from 7.6% in FY 2019). The decrease in margin was driven by higher expenses.お知らせ • Feb 26The Practical Solution Public Company Limited, Annual General Meeting, Mar 30, 2021The Practical Solution Public Company Limited, Annual General Meeting, Mar 30, 2021, at 14:00 SE Asia Standard Time. Agenda: To certify the Minutes of the General Meeting of Shareholders for the year 2020 held on 22 July 2020; to consider and acknowledge the Company's operating result for the year ended December 31, 2020; to consider and approve the Company's financial statements for the fiscal year ended December 31, 2020; to consider and approve the appropriation of net profit, the dividend payment for the year 2020 and acknowledge the interim dividend payment; to considering and approve the increase of the Company's registered capital for stock dividend Payment; to consider and approve the amendment of Article 4 of the Memorandum of Association of the Company in order to be in line with the capital increase; to consider and approve the allocation of the Company's newly issued ordinary shares for stock dividend payment; to consider the appointment of the Company's auditor and the determination of the auditor's remuneration for the year 2021; and other matters.Is New 90 Day High Low • Feb 11New 90-day high: ฿2.62The company is up 13% from its price of ฿2.32 on 13 November 2020. The Thai market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 10.0% over the same period.Is New 90 Day High Low • Jan 18New 90-day high: ฿2.48The company is up 3.0% from its price of ฿2.40 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period.Is New 90 Day High Low • Dec 21New 90-day low: ฿2.26The company is down 9.0% from its price of ฿2.48 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.039The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿180.2m (up 28% from 3Q 2019). Net income: ฿10.8m (down 30% from 3Q 2019). Profit margin: 6.0% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses.お知らせ • Nov 13The Practical Solution Public Company Limited Announces Management ChangesThe Board of The Practical Solution Public Company Limited has resolved in the Meeting held on November 12, 2020 to appoint Miss. Khitteela Kongkreatpreeda as Company Secretary in replacement of Miss. Umawan Panlek, effective from November 12, 2020 onwards.お知らせ • Oct 03The Practical Solution Public Company Limited Announces Resignation of Umawan Panlek as Company Secretary, Effective from October 1, 2020The Practical Solution Public Company Limited informed that Ms. Umawan Panlek has resigned from the position of the Company Secretary due to her resignation from the company, effective from October 1, 2020 onwards. The Company is in the process of selecting a new Company Secretary and shell notify the Stock Exchange of Thailand accordingly.Is New 90 Day High Low • Sep 30New 90-day high: ฿2.84The company is up 30% from its price of ฿2.18 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period.財務状況分析短期負債: TPSの 短期資産 ( THB944.7M ) が 短期負債 ( THB542.1M ) を超えています。長期負債: TPSの短期資産 ( THB944.7M ) が 長期負債 ( THB174.0M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: TPS総負債よりも多くの現金を保有しています。負債の削減: TPSの負債対資本比率は、過去 5 年間で0%から5.5%に増加しました。債務返済能力: TPSの負債は 営業キャッシュフロー によって 十分にカバー されています ( 652.5% )。インタレストカバレッジ: TPS支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend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2026/05/06 11:20終値2026/05/06 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The Practical Solution 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。0
Upcoming Dividend • Apr 17Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 24 April 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.4%).
Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿0.33 (vs ฿0.34 in FY 2024)Full year 2025 results: EPS: ฿0.33. Revenue: ฿1.58b (flat on FY 2024). Net income: ฿138.8m (up 2.4% from FY 2024). Profit margin: 8.8% (up from 8.5% in FY 2024).
Declared Dividend • Feb 23Dividend of ฿0.12 announcedShareholders will receive a dividend of ฿0.12. Ex-date: 24th April 2026 Payment date: 19th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% 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 20The Practical Solution Public Company Limited, Annual General Meeting, Apr 20, 2026The Practical Solution Public Company Limited, Annual General Meeting, Apr 20, 2026, at 14:00 SE Asia Standard Time.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.094 (vs ฿0.06 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.094 (up from ฿0.06 in 3Q 2024). Revenue: ฿400.3m (up 7.7% from 3Q 2024). Net income: ฿39.5m (up 58% from 3Q 2024). Profit margin: 9.9% (up from 6.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 20Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 27 August 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (8.0%). Lower than average of industry peers (7.8%).
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.079 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.09 (up from ฿0.079 in 2Q 2024). Revenue: ฿385.0m (up 4.6% from 2Q 2024). Net income: ฿37.7m (up 15% from 2Q 2024). Profit margin: 9.8% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (฿1.09b market cap, or US$33.5m).
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.78, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the IT industry in Thailand. Total returns to shareholders of 11% over the past three years.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.053 (vs ฿0.047 in 1Q 2024)First quarter 2025 results: EPS: ฿0.053 (up from ฿0.047 in 1Q 2024). Revenue: ฿361.7m (up 7.7% from 1Q 2024). Net income: ฿22.1m (up 32% from 1Q 2024). Profit margin: 6.1% (up from 5.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 24The Practical Solution Public Company Limited Approves Dividend Payment for the Fiscal Year Ended 2024, Payable May 15, 2025The Practical Solution Public Company Limited at its 2025 Annual General Meeting of Shareholders held on April 22, 2025, the Company had already allocated the net profit as a legal reserve which is equivalent to 10% of the Company's registered capital by virtue of Section 116 of the Public Limited Company Act B. E. 2535, therefore, the Company is not required to allocate the net profit from its operations for the year 2024 as a legal reserve, and the approve of dividend payment for the fiscal year ended 2024 in cash at the rate of THB 0.20 per share to the Company's shareholders holding 419,699,735 shares, whereby the total amount of dividends is THB 83,939,947, representing 65% of the net profit for the year according to the 2024 Company's Separate Financial Statements and in compliance with the Company's dividend payment policy. The total dividend payments will be subject to withholding tax at the rate prescribed by law. The Company shall make dividends payment to the shareholders by May 15, 2025, as per the names appearing in the list of shareholders as at the record date fixed for the shareholders who are eligible to receive the dividends on April 30, 2025.
Upcoming Dividend • Apr 22Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 29 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 59% and the cash payout ratio is 90%. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (8.0%). Lower than average of industry peers (7.3%).
Buy Or Sell Opportunity • Apr 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 39% to ฿3.92. The fair value is estimated to be ฿3.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 30%.
Buy Or Sell Opportunity • Mar 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 37% to ฿4.00. The fair value is estimated to be ฿3.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 30%.
Buy Or Sell Opportunity • Feb 24Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to ฿4.28. The fair value is estimated to be ฿3.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 30%.
Reported Earnings • Feb 22Full year 2024 earnings released: EPS: ฿0.34 (vs ฿0.33 in FY 2023)Full year 2024 results: EPS: ฿0.34 (up from ฿0.33 in FY 2023). Revenue: ฿1.61b (up 19% from FY 2023). Net income: ฿135.5m (up 16% from FY 2023). Profit margin: 8.4% (down from 8.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 21New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (270% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (฿1.63b market cap, or US$48.6m).
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿3.90, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 56% over the past three years.
お知らせ • Feb 21+ 1 more updateThe Practical Solution Public Company Limited Proposes Cash Dividend for the Operations as of December 31, 2024, Payable on May 15, 2025The Practical Solution Public Company Limited at its board meeting held on February 20, 2025, proposed the payment of dividends by cash for the operations as of December 31, 2024 at the rate of THB 0.20 (Twenty Satang) per share to the Company's shareholders holding 419,699,735.00 shares, the total amount of dividends is THB 83,939,947.00 which representing 65.00% of the Company's net profit for the year 2024 and in compliance with the Company's dividends payment policy. The total dividends payments will be subject to withholding tax at the rate prescribed by law. The record date for determining the eligible shareholders for receiving payment of dividends is fixed on April 30,2025 and the date of payment of dividends will be May 15, 2025.
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿3.26, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the IT industry in Thailand. Total returns to shareholders of 38% over the past three years.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.11 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.06 (down from ฿0.11 in 3Q 2023). Revenue: ฿374.1m (down 12% from 3Q 2023). Net income: ฿25.1m (down 34% from 3Q 2023). Profit margin: 6.7% (down from 8.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Oct 16Now 24% overvaluedOver the last 90 days, the stock has fallen 1.3% to ฿3.10. The fair value is estimated to be ฿2.50, 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 38%.
Buy Or Sell Opportunity • Aug 21Now 23% overvaluedOver the last 90 days, the stock has fallen 27% to ฿3.08. The fair value is estimated to be ฿2.50, 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 38%.
New Risk • Aug 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (฿1.21b market cap, or US$34.4m).
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿3.50, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the IT industry in Thailand. Total returns to shareholders of 67% over the past three years.
Board Change • Jun 01Less 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 Chairman of the Board Anocha Wongrungroj 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 • May 11First quarter 2024 earnings released: EPS: ฿0.047 (vs ฿0.034 in 1Q 2023)First quarter 2024 results: EPS: ฿0.047 (up from ฿0.034 in 1Q 2023). Revenue: ฿337.9m (up 71% from 1Q 2023). Net income: ฿16.7m (up 46% from 1Q 2023). Profit margin: 4.9% (down from 5.8% 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 37% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿5.35, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 15x in the IT industry in Thailand. Total returns to shareholders of 133% over the past three years.
お知らせ • Apr 20The Practical Solution Public Company Limited Approves Dividend Payment for the Accumulated Income as of December 31, 2023, Payable by May 15, 2024The Practical Solution Public Company Limited announced that at the annual general meeting was held on April 19, 2024, the approval of the allocation of net profit as a statutory reserved fund of THB 2,737,983.89 and the declaration of dividend payment for the accumulated income as of December 31, 2023 by cash at the rate of THB 0.18 (Eighteen Satang) per share to the Company's shareholders holding not exceeding 419,992,064 shares, whereby the total amount of dividends shall not exceed THB 75,598,571.52, representing not exceeding 67.70% of the net profit for the year according to the 2023 Company's consolidated Financial Statements and in compliance with the Company's dividends payment policy. The total dividends payments will be subject to withholding tax at the rate prescribed by law. The Company shall make dividends payment to the shareholders by May 15, 2024, as per the names appearing in the list of shareholders as at the record date fixed for the shareholders who are eligible to receive the dividend on April 29, 2024.
Upcoming Dividend • Apr 19Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (5.8%). In line with average of industry peers (3.6%).
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿4.80, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 14x in the IT industry in Thailand. Total returns to shareholders of 94% over the past three years.
Buy Or Sell Opportunity • Apr 10Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 50% to ฿4.44. The fair value is estimated to be ฿3.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 32%.
New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (฿1.68b market cap, or US$45.8m).
New Risk • Apr 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (฿1.39b market cap, or US$38.0m).
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ฿4.02, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 13x in the IT industry in Thailand. Total returns to shareholders of 97% over the past three years.
Buy Or Sell Opportunity • Feb 27Now 20% undervaluedOver the last 90 days, the stock has risen 11% to ฿3.22. The fair value is estimated to be ฿4.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 31%.
Declared Dividend • Feb 24Dividend increased to ฿0.18Dividend of ฿0.18 is 80% higher than last year. Ex-date: 26th April 2024 Payment date: 15th May 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 13% 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 23+ 1 more updateThe Practical Solution Public Company Limited, Annual General Meeting, Apr 19, 2024The Practical Solution Public Company Limited, Annual General Meeting, Apr 19, 2024, at 14:00 SE Asia Standard Time.
Buy Or Sell Opportunity • Feb 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to ฿2.96. The fair value is estimated to be ฿3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%.
Buying Opportunity • Jan 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.8%. The fair value is estimated to be ฿3.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%.
Buying Opportunity • Dec 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be ฿3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.091 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.091 in 3Q 2022). Revenue: ฿427.6m (up 58% from 3Q 2022). Net income: ฿38.0m (up 25% from 3Q 2022). Profit margin: 8.9% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.069 (vs ฿0.038 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.069 (up from ฿0.038 in 2Q 2022). Revenue: ฿286.5m (up 59% from 2Q 2022). Net income: ฿24.4m (up 93% from 2Q 2022). Profit margin: 8.5% (up from 7.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.
Upcoming Dividend • May 02Upcoming dividend of ฿0.10 per share at 3.2% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (2.8%).
Board Change • Jan 04Less 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. Senior VP of Human Resources & General Administration and Director Jarunya Kitkasetsathaporn was the last 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.
お知らせ • Dec 30The Practical Solution Public Company Limited Announces Directorate Resignations, Effective January 1, 2023The Practical Solution Public Company Limited announced that Mr. Than Siripokee, Director and Independent Director and Mr. Preecha Ua-anantathanakul, Director and Independent Director submitted resignation letter to the Company to resign from the positions of directors and Independent Director due to additional business engagement with the effective date on January 1, 2023.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.031 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.09 (up from ฿0.031 in 3Q 2021). Revenue: ฿271.4m (up 89% from 3Q 2021). Net income: ฿30.4m (up 211% from 3Q 2021). Profit margin: 11% (up from 6.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿2.88, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 14% over the past year.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿3.48, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 42% over the past year.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.04 (vs ฿0.034 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.04 (up from ฿0.034 in 2Q 2021). Revenue: ฿181.9m (up 54% from 2Q 2021). Net income: ฿12.6m (up 14% from 2Q 2021). Profit margin: 6.9% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses.
Board Change • Jul 12Less 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 Than Siripokee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.04 (vs ฿0.008 in 1Q 2021)First quarter 2022 results: EPS: ฿0.04 (up from ฿0.008 in 1Q 2021). Revenue: ฿202.6m (up 59% from 1Q 2021). Net income: ฿14.0m (up 401% from 1Q 2021). Profit margin: 6.9% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue.
お知らせ • Apr 13The Practical Solution Public Company Limited Announces Dividend for the Year Ended December 31, 2021The Practical Solution Public Company Limited announced that in its AGM held on 7th April, 2022, the company has approved the declaration of dividend payment for the Company's Operations as of December 31, 2021 by cash at the rate of THB 0.08 per share to the Company's shareholders holding 335,999,872 shares, the total amount of dividends is THB 26,879,989.76 which representing 69.38% of the net profit for the year according to the 2021 Company's consolidated Financial Statements and in compliance with the Company's dividends payment policy. The total dividends payments will be subject to withholding tax at the rate prescribed by law. The Company shall make dividends payment to the shareholders by May 6, 2022, as per the names appearing in the list of shareholders as at the record date fixed for the shareholders who are eligible to receive the dividend on April 20, 2022.
Upcoming Dividend • Apr 12Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (1.8%).
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 26% share price gain to ฿3.50, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 21x in the IT industry in Thailand. Total returns to shareholders of 61% over the past year.
お知らせ • Feb 24The Practical Solution Public Company Limited, Annual General Meeting, Apr 07, 2022The Practical Solution Public Company Limited, Annual General Meeting, Apr 07, 2022, at 07:00 Coordinated Universal Time. Location: at No. 99, Soi Cement Thai, Ratchadapisek Road Lad Yao, Chatuchak Bangkok Thailand Agenda: To consider and approve the minutes of the 2021 Annual General Meeting of Shareholders; to acknowledge the Board of Directors' report on the Company's Operating Results for the year ending December 31, 2021, and the Annual Report for the year 2021; to consider and approve the Company's financial statements for the fiscal period ending December 31, 2021; to consider and approve the appropriation of profits as legal reserve and the declaration of dividends payment for the Company's Operations as of December 31, 2021; to consider and approve the appointment of directors in place of those retiring by rotation; to consider and approve the remuneration of Directors for the year 2022; to consider and approve the appointment of the Company's Auditor and fix the auditor's remuneration for the fiscal year 2022; to consider and approve the addition to the Company's objectives and the amendment of Clause 3 of the Company's Memorandum of Association; and to discuss other matters.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.12 (down from ฿0.16 in FY 2020). Revenue: ฿589.2m (down 20% from FY 2020). Net income: ฿38.7m (down 28% from FY 2020). Profit margin: 6.6% (down from 7.3% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates.
お知らせ • Feb 24The Practical Solution Public Company Limited Announces Board ChangesThe Practical Solution Public Company Limited at board of Directors Meeting held on February 22, 2022, approved the acknowledgement of the resignation of Miss Janchay Wetpanya as the Company's director and Chief Financial Officer, effective from 1 February 2022 onward. Appointment of Mrs. Jarunya Kitkasetsathaporn as the new director in the place of the said resigning director.
お知らせ • Feb 04The Practical Solution Public Company Limited Announces CFO ChangesThe Practical Solution Public Company Limited announced the appointment of Daonapa Sukduang as CFO, effective February 1, 2022 in place of Janchay Wetpanya, effective January 31, 2022.
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿2.98, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 21x in the IT industry in Thailand. Total returns to shareholders of 55% over the past year.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.032 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ฿144.4m (down 20% from 3Q 2020). Net income: ฿9.77m (down 9.9% from 3Q 2020). Profit margin: 6.8% (up from 6.0% in 3Q 2020). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.034 (vs ฿0.046 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿118.5m (down 36% from 2Q 2020). Net income: ฿11.0m (down 29% from 2Q 2020). Profit margin: 9.3% (up from 8.5% in 2Q 2020). The increase in margin was driven by lower expenses.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.035 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿128.2m (down 19% from 1Q 2020). Net income: ฿2.80m (down 76% from 1Q 2020). Profit margin: 2.2% (down from 7.4% in 1Q 2020). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.50, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 117% over the past year.
Upcoming Dividend • Mar 29Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 05 April 2021. Payment date: 26 April 2021. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (4.3%).
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿3.14, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 15x in the IT industry in Thailand. Total returns to shareholders of 95% over the past year.
Reported Earnings • Feb 28Full year 2020 earnings released: EPS ฿0.19 (vs ฿0.23 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: ฿737.9m (up 15% from FY 2019). Net income: ฿53.9m (up 10% from FY 2019). Profit margin: 7.3% (down from 7.6% in FY 2019). The decrease in margin was driven by higher expenses.
お知らせ • Feb 26The Practical Solution Public Company Limited, Annual General Meeting, Mar 30, 2021The Practical Solution Public Company Limited, Annual General Meeting, Mar 30, 2021, at 14:00 SE Asia Standard Time. Agenda: To certify the Minutes of the General Meeting of Shareholders for the year 2020 held on 22 July 2020; to consider and acknowledge the Company's operating result for the year ended December 31, 2020; to consider and approve the Company's financial statements for the fiscal year ended December 31, 2020; to consider and approve the appropriation of net profit, the dividend payment for the year 2020 and acknowledge the interim dividend payment; to considering and approve the increase of the Company's registered capital for stock dividend Payment; to consider and approve the amendment of Article 4 of the Memorandum of Association of the Company in order to be in line with the capital increase; to consider and approve the allocation of the Company's newly issued ordinary shares for stock dividend payment; to consider the appointment of the Company's auditor and the determination of the auditor's remuneration for the year 2021; and other matters.
Is New 90 Day High Low • Feb 11New 90-day high: ฿2.62The company is up 13% from its price of ฿2.32 on 13 November 2020. The Thai market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 10.0% over the same period.
Is New 90 Day High Low • Jan 18New 90-day high: ฿2.48The company is up 3.0% from its price of ฿2.40 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Dec 21New 90-day low: ฿2.26The company is down 9.0% from its price of ฿2.48 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.039The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿180.2m (up 28% from 3Q 2019). Net income: ฿10.8m (down 30% from 3Q 2019). Profit margin: 6.0% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses.
お知らせ • Nov 13The Practical Solution Public Company Limited Announces Management ChangesThe Board of The Practical Solution Public Company Limited has resolved in the Meeting held on November 12, 2020 to appoint Miss. Khitteela Kongkreatpreeda as Company Secretary in replacement of Miss. Umawan Panlek, effective from November 12, 2020 onwards.
お知らせ • Oct 03The Practical Solution Public Company Limited Announces Resignation of Umawan Panlek as Company Secretary, Effective from October 1, 2020The Practical Solution Public Company Limited informed that Ms. Umawan Panlek has resigned from the position of the Company Secretary due to her resignation from the company, effective from October 1, 2020 onwards. The Company is in the process of selecting a new Company Secretary and shell notify the Stock Exchange of Thailand accordingly.
Is New 90 Day High Low • Sep 30New 90-day high: ฿2.84The company is up 30% from its price of ฿2.18 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period.