View ValuationVintcom Technology 将来の成長Future 基準チェック /06現在、 Vintcom Technologyの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率IT 収益成長14.8%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.42 (vs ฿0.29 in FY 2024)Full year 2025 results: EPS: ฿0.42 (up from ฿0.29 in FY 2024). Revenue: ฿2.06b (up 25% from FY 2024). Net income: ฿130.0m (up 48% from FY 2024). Profit margin: 6.3% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Mar 03Vintcom Technology Public Company Limited Proposes Cash Dividend for the Period Ended 31 December 2025, Payable on 15 May 2026Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2026, to propose cash dividend of THB 0.23 per share for the operating period from 1 January 2025 to 31 December 2025. Record date for the right to receive dividends is 13 March 2026. Ex-dividend date is 12 March 2026. Payment date is 15 May 2026.Declared Dividend • Mar 01Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 12th March 2026 Payment date: 15th May 2026 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.05 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (up from ฿0.05 in 3Q 2024). Revenue: ฿389.2m (up 30% from 3Q 2024). Net income: ฿22.3m (up 41% from 3Q 2024). Profit margin: 5.7% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 15Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million.Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million on October 10, 2025. A cash consideration of THB 45.7 million will be paid by Vintcom Technology Public Company Limited. As part of consideration, THB 45.7 million is paid towards common equity of vServePlus Co., Ltd. Upon completion, Vintcom Technology Public Company Limited will own 100% stake in vServePlus Co., Ltd.Declared Dividend • Aug 10First half dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 24% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.09 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2024). Revenue: ฿449.3m (down 4.5% from 2Q 2024). Net income: ฿32.5m (up 27% from 2Q 2024). Profit margin: 7.2% (up from 5.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jun 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to ฿2.42. The fair value is estimated to be ฿3.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.06 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (up from ฿0.06 in 1Q 2024). Revenue: ฿655.3m (up 92% from 1Q 2024). Net income: ฿33.2m (up 74% from 1Q 2024). Profit margin: 5.1% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Apr 25Vintcom Technology Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2024, Payable on May 14, 2025Vintcom Technology Public Company Limited in its annual general meeting held on April 24, 2025 approved the dividend payment from the 2024 net profit and the retained earnings at the rate of THB 0.30 per share for the year ended December 31, 2024, or equivalent to THB 92,101,308. The ratio of dividend per net profit of the separated financial statements shall be equal to 105.06%. The Board of Directors Meeting of the Company approved the interim dividend payment from the operating results for the six-month period ended June 30, 2024 at the rate of THB 0.12 per share on September 6, 2024. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for the rights to receive dividend is March 13, 2025, and the dividend payment date is on May 14, 2025.Buy Or Sell Opportunity • Apr 21Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 9.4% to ฿2.56. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.Buy Or Sell Opportunity • Mar 22Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to ฿2.32. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.29. Revenue: ฿1.65b (down 21% from FY 2023). Net income: ฿87.7m (flat on FY 2023). Profit margin: 5.3% (up from 4.2% in FY 2023). The increase in margin was driven by lower expenses.お知らせ • Feb 27+ 1 more updateVintcom Technology Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 14 May 2025Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2025, to propose cash dividend of THB 0.18 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 13 March 2025. Ex-dividend date is 12 March 2025. Payment date is 14 May 2025.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.05 (down from ฿0.06 in 3Q 2023). Revenue: ฿300.7m (down 38% from 3Q 2023). Net income: ฿15.8m (down 9.0% from 3Q 2023). Profit margin: 5.3% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Declared Dividend • Aug 15First half dividend of ฿0.12 announcedDividend of ฿0.12 is the same as last year. Ex-date: 26th August 2024 Payment date: 6th September 2024 Dividend yield will be 12%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 29% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.4% EPS growth achieved over the last 5 years.Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.09 (up from ฿0.06 in 2Q 2023). Revenue: ฿470.5m (down 14% from 2Q 2023). Net income: ฿25.6m (up 36% from 2Q 2023). Profit margin: 5.4% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jun 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.8% to ฿2.94. The fair value is estimated to be ฿3.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.5%.Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.08 in 1Q 2023)First quarter 2024 results: EPS: ฿0.06 (down from ฿0.08 in 1Q 2023). Revenue: ฿341.5m (down 29% from 1Q 2023). Net income: ฿19.2m (down 25% from 1Q 2023). Profit margin: 5.6% (up from 5.3% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Apr 27Vintcom Technology Public Company Limited Approves Dividend for the Year 2023, Payable on May 13, 2024Vintcom Technology Public Company Limited at its AGM, held on April 25, 2024, approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560. The ratio of dividend per net profit of the separated financial statements shall be equal to 104.24%. The Board of Directors Meeting of the Company No. 3/2023 held on August 10, 2023 approved the interim dividend payment from the operating results for the six-month period ended June 30, 2023 at the rate of THB 0.12 per share on September 7, 2023. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.Upcoming Dividend • Mar 05Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 13 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.7%).お知らせ • Mar 01Vintcom Technology Public Company Limited Approves Dividend, Payable on May 13, 2024Vintcom Technology Public Company Limited announced that at the board meeting held on February 27, 2024, the company approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560 The dividend payout ratio is 104.24% of net profit per the separated financial statements. As the Company already paid an interim dividend from the operating results for the six-month period ended June 30, 2023, at the rate of THB 0.12 per share on 7 September 2023 amounting to THB 36,840,624, the final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936 The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.29 (vs ฿0.36 in FY 2022)Full year 2023 results: EPS: ฿0.29 (down from ฿0.36 in FY 2022). Revenue: ฿2.09b (up 4.0% from FY 2022). Net income: ฿88.4m (down 21% from FY 2022). Profit margin: 4.2% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.09 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (down from ฿0.09 in 3Q 2022). Revenue: ฿482.4m (down 3.0% from 3Q 2022). Net income: ฿17.4m (down 37% from 3Q 2022). Profit margin: 3.6% (down from 5.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.New Risk • Nov 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 6.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (฿1.22b market cap, or US$34.0m).Upcoming Dividend • Aug 17Upcoming dividend of ฿0.12 per share at 7.2% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 07 September 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.8%).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.11 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.11 in 2Q 2022). Revenue: ฿544.8m (down 10% from 2Q 2022). Net income: ฿18.9m (down 46% from 2Q 2022). Profit margin: 3.5% (down from 5.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.お知らせ • Aug 12Vintcom Technology Public Company Limited Announces Cash Dividend for Period from January 1, 2023 to June 30, 2023, Payable on September 7, 2023Vintcom Technology Public Company Limited announced Cash dividend payment of THB 0.12 per share for the operating period from January 1, 2023 to June 30, 2023 with record date as August 25, 2023, ex-date as August 24, 2023 and payable on September 7, 2023.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.082 in 1Q 2022)First quarter 2023 results: EPS: ฿0.08. Revenue: ฿483.2m (up 31% from 1Q 2022). Net income: ฿25.6m (up 1.8% from 1Q 2022). Profit margin: 5.3% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.18, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 184% over the past three years.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.18 per share at 6.0% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.2%).Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 15Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿607.5m (up 9.1% from 2Q 2021). Net income: ฿34.8m (down 12% from 2Q 2021). Profit margin: 5.7% (down from 7.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 15Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 22 August 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (1.5%).Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.08 (down from ฿0.09 in 1Q 2021). Revenue: ฿369.2m (down 13% from 1Q 2021). Net income: ฿25.1m (down 11% from 1Q 2021). Profit margin: 6.8% (up from 6.7% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.42 (up from ฿0.30 in FY 2020). Revenue: ฿1.86b (down 19% from FY 2020). Net income: ฿126.5m (up 41% from FY 2020). Profit margin: 6.8% (up from 3.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.08 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿526.0m (down 4.3% from 3Q 2020). Net income: ฿31.2m (up 33% from 3Q 2020). Profit margin: 5.9% (up from 4.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.50, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 24x in the IT industry in Thailand. Total returns to shareholders of 160% over the past three years.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (3.7%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.14 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: ฿556.6m (down 15% from 2Q 2020). Net income: ฿39.6m (down 7.4% from 2Q 2020). Profit margin: 7.1% (up from 6.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿5.70, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 113% over the past three years.Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.09 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿430.9m (down 31% from 1Q 2020). Net income: ฿28.3m (up 6.8% from 1Q 2020). Profit margin: 6.6% (up from 4.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 32% share price gain to ฿7.35, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 162% over the past three years.Reported Earnings • Feb 23Full year 2020 earnings released: EPS ฿0.30 (vs ฿0.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.28b (up 29% from FY 2019). Net income: ฿89.7m (up 34% from FY 2019). Profit margin: 3.9% (up from 3.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 28New 90-day high: ฿5.60The company is up 4.0% from its price of ฿5.40 on 30 October 2020. The Thai market is up 25% 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.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿5.50, the stock is trading at a trailing P/E ratio of 17.1x, up from the previous P/E ratio of 14x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 49%.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿5.20, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 13.9x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 32%.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.08The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿549.3m (up 31% from 3Q 2019). Net income: ฿23.5m (up 3.4% from 3Q 2019). Profit margin: 4.3% (down from 5.4% in 3Q 2019). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Nov 16Market pulls back on stock over the past weekAfter last week's 18% share price decline to ฿4.32, the stock is trading at a trailing P/E ratio of 13.4x, down from the previous P/E ratio of 16.4x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 59%.Valuation Update With 7 Day Price Move • Nov 12Market pulls back on stock over the past weekAfter last week's 16% share price decline to ฿4.52, the stock is trading at a trailing P/E ratio of 14x, down from the previous P/E ratio of 16.7x. This compares to an average P/E of 12x in the IT industry in Thailand. Total returns to shareholders over the past year are 71%.Valuation Update With 7 Day Price Move • Nov 10Market pulls back on stock over the past weekAfter last week's 15% share price decline to ฿4.62, the stock is trading at a trailing P/E ratio of 14.3x, down from the previous P/E ratio of 16.9x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 74%.Is New 90 Day High Low • Sep 24New 90-day high: ฿5.85The company is up 78% from its price of ฿3.28 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 13% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Vintcom Technology は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:VCOM - 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3/31/20261,962133342354N/A12/31/20252,056130145158N/A9/30/20252,032115177188N/A6/30/20251,944109224235N/A3/31/20251,965102-120-111N/A12/31/20241,651887080N/A9/30/20241,69487266277N/A6/30/20241,87689109124N/A3/31/20241,95082326344N/A12/31/20232,09288316332N/A9/30/20232,04886-611N/A6/30/20232,06396245258N/A3/31/20232,1261127282N/A12/31/20222,012112133143N/A9/30/20221,824115292300N/A6/30/20221,852119114124N/A3/31/20221,802123182190N/A12/31/20211,857127217224N/A9/30/20211,96496208219N/A6/30/20211,98888141151N/A3/31/20212,08592199209N/A12/31/20202,283903242N/A9/30/20202,27898-58-52N/A6/30/20202,149974150N/A3/31/20202,025857281N/A12/31/20191,77467N/A321N/A9/30/20192,02293N/A532N/A6/30/20192,02781N/A352N/A3/31/20191,90963N/A89N/A12/31/20181,80158N/A-128N/A9/30/20181,53538N/A-312N/A6/30/20181,52037N/A-155N/A3/31/20181,52447N/A-28N/A12/31/20171,54354N/A34N/A9/30/20171,45359N/A4N/A3/31/20171,04144N/A48N/A12/31/201693741N/A-6N/A12/31/201582345N/A-1N/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: VCOMの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: VCOMの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: VCOMの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: VCOMの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: VCOMの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。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: VCOMの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘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2026/06/15 14:04終値2026/06/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Vintcom Technology Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Wilasinee BoonmasungsongGloblex Securities Co. Ltd.
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.42 (vs ฿0.29 in FY 2024)Full year 2025 results: EPS: ฿0.42 (up from ฿0.29 in FY 2024). Revenue: ฿2.06b (up 25% from FY 2024). Net income: ฿130.0m (up 48% from FY 2024). Profit margin: 6.3% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Mar 03Vintcom Technology Public Company Limited Proposes Cash Dividend for the Period Ended 31 December 2025, Payable on 15 May 2026Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2026, to propose cash dividend of THB 0.23 per share for the operating period from 1 January 2025 to 31 December 2025. Record date for the right to receive dividends is 13 March 2026. Ex-dividend date is 12 March 2026. Payment date is 15 May 2026.
Declared Dividend • Mar 01Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 12th March 2026 Payment date: 15th May 2026 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.05 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (up from ฿0.05 in 3Q 2024). Revenue: ฿389.2m (up 30% from 3Q 2024). Net income: ฿22.3m (up 41% from 3Q 2024). Profit margin: 5.7% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 15Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million.Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million on October 10, 2025. A cash consideration of THB 45.7 million will be paid by Vintcom Technology Public Company Limited. As part of consideration, THB 45.7 million is paid towards common equity of vServePlus Co., Ltd. Upon completion, Vintcom Technology Public Company Limited will own 100% stake in vServePlus Co., Ltd.
Declared Dividend • Aug 10First half dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 24% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.09 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2024). Revenue: ฿449.3m (down 4.5% from 2Q 2024). Net income: ฿32.5m (up 27% from 2Q 2024). Profit margin: 7.2% (up from 5.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jun 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to ฿2.42. The fair value is estimated to be ฿3.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.06 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (up from ฿0.06 in 1Q 2024). Revenue: ฿655.3m (up 92% from 1Q 2024). Net income: ฿33.2m (up 74% from 1Q 2024). Profit margin: 5.1% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Apr 25Vintcom Technology Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2024, Payable on May 14, 2025Vintcom Technology Public Company Limited in its annual general meeting held on April 24, 2025 approved the dividend payment from the 2024 net profit and the retained earnings at the rate of THB 0.30 per share for the year ended December 31, 2024, or equivalent to THB 92,101,308. The ratio of dividend per net profit of the separated financial statements shall be equal to 105.06%. The Board of Directors Meeting of the Company approved the interim dividend payment from the operating results for the six-month period ended June 30, 2024 at the rate of THB 0.12 per share on September 6, 2024. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for the rights to receive dividend is March 13, 2025, and the dividend payment date is on May 14, 2025.
Buy Or Sell Opportunity • Apr 21Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 9.4% to ฿2.56. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.
Buy Or Sell Opportunity • Mar 22Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to ฿2.32. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.29. Revenue: ฿1.65b (down 21% from FY 2023). Net income: ฿87.7m (flat on FY 2023). Profit margin: 5.3% (up from 4.2% in FY 2023). The increase in margin was driven by lower expenses.
お知らせ • Feb 27+ 1 more updateVintcom Technology Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 14 May 2025Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2025, to propose cash dividend of THB 0.18 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 13 March 2025. Ex-dividend date is 12 March 2025. Payment date is 14 May 2025.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.05 (down from ฿0.06 in 3Q 2023). Revenue: ฿300.7m (down 38% from 3Q 2023). Net income: ฿15.8m (down 9.0% from 3Q 2023). Profit margin: 5.3% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Aug 15First half dividend of ฿0.12 announcedDividend of ฿0.12 is the same as last year. Ex-date: 26th August 2024 Payment date: 6th September 2024 Dividend yield will be 12%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 29% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.4% EPS growth achieved over the last 5 years.
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.09 (up from ฿0.06 in 2Q 2023). Revenue: ฿470.5m (down 14% from 2Q 2023). Net income: ฿25.6m (up 36% from 2Q 2023). Profit margin: 5.4% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jun 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.8% to ฿2.94. The fair value is estimated to be ฿3.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.5%.
Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.08 in 1Q 2023)First quarter 2024 results: EPS: ฿0.06 (down from ฿0.08 in 1Q 2023). Revenue: ฿341.5m (down 29% from 1Q 2023). Net income: ฿19.2m (down 25% from 1Q 2023). Profit margin: 5.6% (up from 5.3% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Apr 27Vintcom Technology Public Company Limited Approves Dividend for the Year 2023, Payable on May 13, 2024Vintcom Technology Public Company Limited at its AGM, held on April 25, 2024, approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560. The ratio of dividend per net profit of the separated financial statements shall be equal to 104.24%. The Board of Directors Meeting of the Company No. 3/2023 held on August 10, 2023 approved the interim dividend payment from the operating results for the six-month period ended June 30, 2023 at the rate of THB 0.12 per share on September 7, 2023. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 13 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.7%).
お知らせ • Mar 01Vintcom Technology Public Company Limited Approves Dividend, Payable on May 13, 2024Vintcom Technology Public Company Limited announced that at the board meeting held on February 27, 2024, the company approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560 The dividend payout ratio is 104.24% of net profit per the separated financial statements. As the Company already paid an interim dividend from the operating results for the six-month period ended June 30, 2023, at the rate of THB 0.12 per share on 7 September 2023 amounting to THB 36,840,624, the final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936 The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.29 (vs ฿0.36 in FY 2022)Full year 2023 results: EPS: ฿0.29 (down from ฿0.36 in FY 2022). Revenue: ฿2.09b (up 4.0% from FY 2022). Net income: ฿88.4m (down 21% from FY 2022). Profit margin: 4.2% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.09 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (down from ฿0.09 in 3Q 2022). Revenue: ฿482.4m (down 3.0% from 3Q 2022). Net income: ฿17.4m (down 37% from 3Q 2022). Profit margin: 3.6% (down from 5.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.
New Risk • Nov 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 6.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (฿1.22b market cap, or US$34.0m).
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.12 per share at 7.2% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 07 September 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.8%).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.11 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.11 in 2Q 2022). Revenue: ฿544.8m (down 10% from 2Q 2022). Net income: ฿18.9m (down 46% from 2Q 2022). Profit margin: 3.5% (down from 5.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.
お知らせ • Aug 12Vintcom Technology Public Company Limited Announces Cash Dividend for Period from January 1, 2023 to June 30, 2023, Payable on September 7, 2023Vintcom Technology Public Company Limited announced Cash dividend payment of THB 0.12 per share for the operating period from January 1, 2023 to June 30, 2023 with record date as August 25, 2023, ex-date as August 24, 2023 and payable on September 7, 2023.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.082 in 1Q 2022)First quarter 2023 results: EPS: ฿0.08. Revenue: ฿483.2m (up 31% from 1Q 2022). Net income: ฿25.6m (up 1.8% from 1Q 2022). Profit margin: 5.3% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.18, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 184% over the past three years.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.18 per share at 6.0% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.2%).
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 15Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿607.5m (up 9.1% from 2Q 2021). Net income: ฿34.8m (down 12% from 2Q 2021). Profit margin: 5.7% (down from 7.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 15Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 22 August 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (1.5%).
Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.08 (down from ฿0.09 in 1Q 2021). Revenue: ฿369.2m (down 13% from 1Q 2021). Net income: ฿25.1m (down 11% from 1Q 2021). Profit margin: 6.8% (up from 6.7% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.42 (up from ฿0.30 in FY 2020). Revenue: ฿1.86b (down 19% from FY 2020). Net income: ฿126.5m (up 41% from FY 2020). Profit margin: 6.8% (up from 3.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.08 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿526.0m (down 4.3% from 3Q 2020). Net income: ฿31.2m (up 33% from 3Q 2020). Profit margin: 5.9% (up from 4.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.50, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 24x in the IT industry in Thailand. Total returns to shareholders of 160% over the past three years.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (3.7%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.14 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: ฿556.6m (down 15% from 2Q 2020). Net income: ฿39.6m (down 7.4% from 2Q 2020). Profit margin: 7.1% (up from 6.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿5.70, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 113% over the past three years.
Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.09 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿430.9m (down 31% from 1Q 2020). Net income: ฿28.3m (up 6.8% from 1Q 2020). Profit margin: 6.6% (up from 4.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 32% share price gain to ฿7.35, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 162% over the past three years.
Reported Earnings • Feb 23Full year 2020 earnings released: EPS ฿0.30 (vs ฿0.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.28b (up 29% from FY 2019). Net income: ฿89.7m (up 34% from FY 2019). Profit margin: 3.9% (up from 3.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 28New 90-day high: ฿5.60The company is up 4.0% from its price of ฿5.40 on 30 October 2020. The Thai market is up 25% 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.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿5.50, the stock is trading at a trailing P/E ratio of 17.1x, up from the previous P/E ratio of 14x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 49%.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿5.20, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 13.9x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 32%.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.08The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿549.3m (up 31% from 3Q 2019). Net income: ฿23.5m (up 3.4% from 3Q 2019). Profit margin: 4.3% (down from 5.4% in 3Q 2019). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Nov 16Market pulls back on stock over the past weekAfter last week's 18% share price decline to ฿4.32, the stock is trading at a trailing P/E ratio of 13.4x, down from the previous P/E ratio of 16.4x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 59%.
Valuation Update With 7 Day Price Move • Nov 12Market pulls back on stock over the past weekAfter last week's 16% share price decline to ฿4.52, the stock is trading at a trailing P/E ratio of 14x, down from the previous P/E ratio of 16.7x. This compares to an average P/E of 12x in the IT industry in Thailand. Total returns to shareholders over the past year are 71%.
Valuation Update With 7 Day Price Move • Nov 10Market pulls back on stock over the past weekAfter last week's 15% share price decline to ฿4.62, the stock is trading at a trailing P/E ratio of 14.3x, down from the previous P/E ratio of 16.9x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 74%.
Is New 90 Day High Low • Sep 24New 90-day high: ฿5.85The company is up 78% from its price of ฿3.28 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 13% over the same period.