View Financial HealthMuramoto Electron (Thailand) 配当と自社株買い配当金 基準チェック /56Muramoto Electron (Thailand)配当を支払う会社であり、現在の利回りは10.6%で、収益によって十分にカバーされています。主要情報10.6%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長2.7%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向55%最近の配当と自社株買いの更新Upcoming Dividend • Jan 29Upcoming dividend of ฿30.00 per shareEligible shareholders must have bought the stock before 05 February 2026. Payment date: 20 February 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Thai dividend payers (7.8%). Higher than average of industry peers (0.5%).お知らせ • Jan 22Muramoto Electron (Thailand) Public Company Limited Approves Dividend, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM held on January 22, 2026 approved dividend of THB 30.00 per share. Payment date: February 20, 2026; Record date: February 6, 2026.Declared Dividend • Nov 22Dividend increased to ฿30.00Dividend of ฿30.00 is 275% higher than last year. Ex-date: 5th February 2026 Payment date: 20th February 2026 Dividend yield will be 11%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Nov 21Muramoto Electron (Thailand) Public Company Limited Proposes Dividend for Operating Period from October 1, 2024 to September 30, 2025, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM to be held on January 22, 2026 proposed dividend of THB 30.00 per share for Operating period from October 1, 2024 to September 30, 2025. Payment date: February 20, 2026; Record date: February 6, 2026; Ex-dividend date: February 5, 2026.Upcoming Dividend • Jan 30Upcoming dividend of ฿8.00 per shareEligible shareholders must have bought the stock before 06 February 2025. Payment date: 21 February 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (7.3%). Higher than average of industry peers (0.6%).Declared Dividend • Nov 25Dividend reduced to ฿8.00Dividend of ฿8.00 is 20% lower than last year. Ex-date: 6th February 2025 Payment date: 21st February 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (228% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesReported Earnings • May 20Second quarter 2026 earnings released: EPS: ฿11.22 (vs ฿9.90 in 2Q 2025)Second quarter 2026 results: EPS: ฿11.22 (up from ฿9.90 in 2Q 2025). Revenue: ฿3.74b (down 3.1% from 2Q 2025). Net income: ฿234.6m (up 13% from 2Q 2025). Profit margin: 6.3% (up from 5.4% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 15First quarter 2026 earnings released: EPS: ฿16.32 (vs ฿15.48 in 1Q 2025)First quarter 2026 results: EPS: ฿16.32 (up from ฿15.48 in 1Q 2025). Revenue: ฿4.57b (down 12% from 1Q 2025). Net income: ฿341.0m (up 5.4% from 1Q 2025). Profit margin: 7.5% (up from 6.2% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.New Risk • Feb 14New 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 5.9% 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 (5.9% average weekly change).Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿253, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 12x in the Electronic industry in Thailand. Total returns to shareholders of 16% over the past three years.Upcoming Dividend • Jan 29Upcoming dividend of ฿30.00 per shareEligible shareholders must have bought the stock before 05 February 2026. Payment date: 20 February 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Thai dividend payers (7.8%). Higher than average of industry peers (0.5%).お知らせ • Jan 22Muramoto Electron (Thailand) Public Company Limited Approves Dividend, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM held on January 22, 2026 approved dividend of THB 30.00 per share. Payment date: February 20, 2026; Record date: February 6, 2026.Declared Dividend • Nov 22Dividend increased to ฿30.00Dividend of ฿30.00 is 275% higher than last year. Ex-date: 5th February 2026 Payment date: 20th February 2026 Dividend yield will be 11%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 21Full year 2025 earnings released: EPS: ฿52.63 (vs ฿14.15 in FY 2024)Full year 2025 results: EPS: ฿52.63 (up from ฿14.15 in FY 2024). Revenue: ฿17.8b (up 12% from FY 2024). Net income: ฿1.10b (up 272% from FY 2024). Profit margin: 6.2% (up from 1.9% 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 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 21Muramoto Electron (Thailand) Public Company Limited Proposes Dividend for Operating Period from October 1, 2024 to September 30, 2025, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM to be held on January 22, 2026 proposed dividend of THB 30.00 per share for Operating period from October 1, 2024 to September 30, 2025. Payment date: February 20, 2026; Record date: February 6, 2026; Ex-dividend date: February 5, 2026.お知らせ • Nov 20Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 22, 2026Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 22, 2026, at 14:00 SE Asia Standard Time.Reported Earnings • Aug 09Third quarter 2025 earnings released: EPS: ฿11.36 (vs ฿17.30 in 3Q 2024)Third quarter 2025 results: EPS: ฿11.36 (down from ฿17.30 in 3Q 2024). Revenue: ฿4.26b (up 9.1% from 3Q 2024). Net income: ฿237.4m (down 34% from 3Q 2024). Profit margin: 5.6% (down from 9.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year.Reported Earnings • May 10Second quarter 2025 earnings released: EPS: ฿9.90 (vs ฿7.19 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿9.90 (up from ฿7.19 loss in 2Q 2024). Revenue: ฿3.85b (up 20% from 2Q 2024). Net income: ฿206.9m (up ฿357.1m from 2Q 2024). Profit margin: 5.4% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.New Risk • Feb 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.28b market cap, or US$97.2m).Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: ฿15.48 (vs ฿10.81 in 1Q 2024)First quarter 2025 results: EPS: ฿15.48 (up from ฿10.81 in 1Q 2024). Revenue: ฿5.21b (up 13% from 1Q 2024). Net income: ฿323.5m (up 43% from 1Q 2024). Profit margin: 6.2% (up from 4.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.New Risk • Feb 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.39b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.39b market cap, or US$99.8m).Upcoming Dividend • Jan 30Upcoming dividend of ฿8.00 per shareEligible shareholders must have bought the stock before 06 February 2025. Payment date: 21 February 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (7.3%). Higher than average of industry peers (0.6%).Reported Earnings • Nov 27Full year 2024 earnings released: EPS: ฿14.15 (vs ฿11.61 in FY 2023)Full year 2024 results: EPS: ฿14.15 (up from ฿11.61 in FY 2023). Revenue: ฿16.0b (down 11% from FY 2023). Net income: ฿295.7m (up 22% from FY 2023). Profit margin: 1.9% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Declared Dividend • Nov 25Dividend reduced to ฿8.00Dividend of ฿8.00 is 20% lower than last year. Ex-date: 6th February 2025 Payment date: 21st February 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (228% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Nov 23Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 24, 2025Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 24, 2025, at 14:00 SE Asia Standard Time. Location: with live broadcast from grand mercure-, bangkok atrium, pailin room, 1880 new petchburi road, bangkok Thailandお知らせ • Sep 30Muramoto Electron (Thailand) Public Company Limited Approves Board ChangesMuramoto Electron (Thailand) Public Company Limited at its board meeting held on August 9, 2024 approved resignation from the positions of director of Mr. Shinichiro Yamamoto effective from 30 September 2024, onwards. The company made resolution to appoint a new director, Mr. takashi Maejima for replacement. This appointment effective from October 1, 2024 onwards.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿185, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the Electronic industry in Thailand. Total loss to shareholders of 19% over the past three years.Buy Or Sell Opportunity • Aug 13Now 24% overvaluedOver the last 90 days, the stock has fallen 18% to ฿165. The fair value is estimated to be ฿133, 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 20%.Reported Earnings • Aug 10Third quarter 2024 earnings released: EPS: ฿17.30 (vs ฿1.46 in 3Q 2023)Third quarter 2024 results: EPS: ฿17.30 (up from ฿1.46 in 3Q 2023). Revenue: ฿3.91b (up 2.4% from 3Q 2023). Net income: ฿361.4m (up ฿331.0m from 3Q 2023). Profit margin: 9.2% (up from 0.8% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jul 18Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to ฿168. The fair value is estimated to be ฿210, 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 20%.Buy Or Sell Opportunity • Jul 01Now 18% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to ฿170. The fair value is estimated to be ฿208, 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 20%.Buy Or Sell Opportunity • Jun 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to ฿166. The fair value is estimated to be ฿208, 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 20%.New Risk • Jun 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.67b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Market cap is less than US$100m (฿3.67b market cap, or US$99.9m).Reported Earnings • May 12Second quarter 2024 earnings released: EPS: ฿1.63 (vs ฿1.19 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿1.63 (up from ฿1.19 loss in 2Q 2023). Revenue: ฿3.22b (down 24% from 2Q 2023). Net income: ฿34.1m (up ฿58.9m from 2Q 2023). Profit margin: 1.1% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Mar 21Muramoto Electron (Thailand) Public Company Limited Announces Executive ChangesMuramoto Electron (Thailand) Public Company Limited announced changing of chief accountant. Termination of Miss PANURAT SUWUNWEJ as chief accountant (Operation Leader of Accounting & Finance). Effective date of termination is 20 March 2024. Appointment of Miss Vipavee Lertchaiprasert as chief accountant (Accounting and Finance Department Manager). Effective Date of Appointment is 21 March 2024.Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: ฿10.81 (vs ฿5.71 in 1Q 2023)First quarter 2024 results: EPS: ฿10.81 (up from ฿5.71 in 1Q 2023). Revenue: ฿4.61b (down 17% from 1Q 2023). Net income: ฿226.0m (up 89% from 1Q 2023). Profit margin: 4.9% (up from 2.2% 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 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Upcoming Dividend • Jan 31Upcoming dividend of ฿10.00 per share at 4.1% yieldEligible shareholders must have bought the stock before 07 February 2024. Payment date: 22 February 2024. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (1.0%).お知らせ • Jan 26+ 1 more updateMuramoto Electron (Thailand) Public Company Limited Approves Appointment of Mr. Kazunobu Kawabe as DirectorMuramoto Electron (Thailand) Public Company Limited at AGM on January 26, 2024 approved appointment of Mr. Kazunobu kawabe as director.Reported Earnings • Nov 25Full year 2023 earnings released: EPS: ฿11.61 (vs ฿33.72 in FY 2022)Full year 2023 results: EPS: ฿11.61 (down from ฿33.72 in FY 2022). Revenue: ฿18.0b (down 3.7% from FY 2022). Net income: ฿242.7m (down 66% from FY 2022). Profit margin: 1.3% (down from 3.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Nov 25+ 1 more updateMuramoto Electron (Thailand) Public Company Limited Proposes Dividend for Year 2023Muramoto Electron (Thailand) Public Company Limited at its AGM to be held on January 26, 2024 proposed dividend of THB 10.00 per share for year 2023.Reported Earnings • Aug 11Third quarter 2023 earnings released: EPS: ฿1.46 (vs ฿3.97 in 3Q 2022)Third quarter 2023 results: EPS: ฿1.46 (down from ฿3.97 in 3Q 2022). Revenue: ฿3.82b (down 10% from 3Q 2022). Net income: ฿30.5m (down 63% from 3Q 2022). Profit margin: 0.8% (down from 1.9% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 20% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 18Second quarter 2023 earnings released: ฿1.19 loss per share (vs ฿6.66 profit in 2Q 2022)Second quarter 2023 results: ฿1.19 loss per share (down from ฿6.66 profit in 2Q 2022). Revenue: ฿4.23b (down 1.0% from 2Q 2022). Net loss: ฿24.8m (down 118% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Feb 01Upcoming dividend of ฿18.00 per share at 6.1% yieldEligible shareholders must have bought the stock before 08 February 2023. Payment date: 24 February 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (0.8%).Reported Earnings • Nov 27Full year 2022 earnings released: EPS: ฿33.72 (vs ฿30.71 in FY 2021)Full year 2022 results: EPS: ฿33.72 (up from ฿30.71 in FY 2021). Revenue: ฿18.7b (up 9.2% from FY 2021). Net income: ฿704.6m (up 9.8% from FY 2021). Profit margin: 3.8% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wongtipa Bunnag was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 13Third quarter 2022 earnings released: EPS: ฿3.97 (vs ฿9.30 in 3Q 2021)Third quarter 2022 results: EPS: ฿3.97 (down from ฿9.30 in 3Q 2021). Revenue: ฿4.26b (down 5.4% from 3Q 2021). Net income: ฿82.9m (down 57% from 3Q 2021). Profit margin: 1.9% (down from 4.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16Second quarter 2022 earnings released: EPS: ฿6.66 (vs ฿6.95 in 2Q 2021)Second quarter 2022 results: EPS: ฿6.66 (down from ฿6.95 in 2Q 2021). Revenue: ฿4.28b (down 5.4% from 2Q 2021). Net income: ฿139.1m (down 4.3% from 2Q 2021). Profit margin: 3.3% (up from 3.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wongtipa Bunnag was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 13First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: ฿10.47 (down from ฿11.48 in 1Q 2021). Revenue: ฿4.78b (up 1.4% from 1Q 2021). Net income: ฿218.8m (down 8.8% from 1Q 2021). Profit margin: 4.6% (down from 5.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be ฿340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% per annum over the last 3 years. Earnings per share has grown by 87% per annum over the last 3 years.Upcoming Dividend • Feb 02Upcoming dividend of ฿14.00 per shareEligible shareholders must have bought the stock before 09 February 2022. Payment date: 25 February 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.5%).Valuation Update With 7 Day Price Move • Dec 03Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿267, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 30x in the Electronic industry in Thailand. Total returns to shareholders of 45% over the past three years.Reported Earnings • Nov 29Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿30.71 (up from ฿11.97 in FY 2020). Revenue: ฿17.2b (up 47% from FY 2020). Net income: ฿641.8m (up 157% from FY 2020). Profit margin: 3.7% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿274, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 30x in the Electronic industry in Thailand. Total returns to shareholders of 70% over the past three years.Reported Earnings • Aug 18Third quarter 2021 earnings released: EPS ฿9.30 (vs ฿0.76 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿4.50b (up 61% from 3Q 2020). Net income: ฿194.3m (up ฿210.2m from 3Q 2020). Profit margin: 4.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿244, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 29x in the Electronic industry in Thailand. Total returns to shareholders of 52% over the past three years.Reported Earnings • May 16Second quarter 2021 earnings released: EPS ฿6.95 (vs ฿6.12 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿4.52b (up 64% from 2Q 2020). Net income: ฿145.3m (up 14% from 2Q 2020). Profit margin: 3.2% (down from 4.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 17First quarter 2021 earnings released: EPS ฿11.48 (vs ฿1.65 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿4.71b (up 73% from 1Q 2020). Net income: ฿239.9m (up ฿205.3m from 1Q 2020). Profit margin: 5.1% (up from 1.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿247, the stock is trading at a trailing P/E ratio of 20.6x, up from the previous P/E ratio of 17.1x. This compares to an average P/E of 24x in the Electronic industry in Thailand. Total returns to shareholders over the past three years are 35%.Is New 90 Day High Low • Feb 15New 90-day high: ฿247The company is up 47% from its price of ฿168 on 17 November 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 90% over the same period.Upcoming Dividend • Feb 03Upcoming Dividend of ฿10.00 Per ShareWill be paid on the 25th of February to those who are registered shareholders by the 10th of February. The trailing yield of 5.0% is below the top quartile of Thai dividend payers (6.4%), but it is higher than industry peers (1.3%).Valuation Update With 7 Day Price Move • Dec 03Market bids up stock over the past weekAfter last week's 20% share price gain to ฿201, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 14x. This compares to an average P/E of 20x in the Electronic industry in Thailand. Total returns to shareholders over the past three years are 1.9%.Reported Earnings • Nov 28Full year 2020 earnings released: EPS ฿11.97The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿11.7b (up 6.6% from FY 2019). Net income: ฿250.2m (up ฿448.2m from FY 2019). Profit margin: 2.1% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 27New 90-day high: ฿182The company is up 35% from its price of ฿135 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 49% over the same period.Is New 90 Day High Low • Nov 04New 90-day high: ฿176The company is up 30% from its price of ฿135 on 06 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 37% over the same period.Is New 90 Day High Low • Oct 05New 90-day high: ฿163The company is up 23% from its price of ฿132 on 07 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 98% over the same period.決済の安定と成長配当データの取得安定した配当: METCOの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: METCOの配当金は過去10年間にわたって増加しています。配当利回り対市場Muramoto Electron (Thailand) 配当利回り対市場METCO 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (METCO)10.6%市場下位25% (TH)3.4%市場トップ25% (TH)7.6%業界平均 (Electronic)0.4%アナリスト予想 (METCO) (最長3年)n/a注目すべき配当: METCOの配当金 ( 10.6% ) はTH市場の配当金支払者の下位 25% ( 3.39% ) よりも高くなっています。高配当: METCOの配当金 ( 10.6% ) はTH市場 ( 7.59% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: METCOの配当金は、合理的な 配当性向 ( 54.8% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: METCOの 現金配当性向 ( 46.4% ) は比較的低く、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YTH 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 04:30終値2026/05/21 00:00収益2026/03/31年間収益2025/09/30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Muramoto Electron (Thailand) 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Christopher LaFeminaJefferies LLC
Upcoming Dividend • Jan 29Upcoming dividend of ฿30.00 per shareEligible shareholders must have bought the stock before 05 February 2026. Payment date: 20 February 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Thai dividend payers (7.8%). Higher than average of industry peers (0.5%).
お知らせ • Jan 22Muramoto Electron (Thailand) Public Company Limited Approves Dividend, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM held on January 22, 2026 approved dividend of THB 30.00 per share. Payment date: February 20, 2026; Record date: February 6, 2026.
Declared Dividend • Nov 22Dividend increased to ฿30.00Dividend of ฿30.00 is 275% higher than last year. Ex-date: 5th February 2026 Payment date: 20th February 2026 Dividend yield will be 11%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 21Muramoto Electron (Thailand) Public Company Limited Proposes Dividend for Operating Period from October 1, 2024 to September 30, 2025, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM to be held on January 22, 2026 proposed dividend of THB 30.00 per share for Operating period from October 1, 2024 to September 30, 2025. Payment date: February 20, 2026; Record date: February 6, 2026; Ex-dividend date: February 5, 2026.
Upcoming Dividend • Jan 30Upcoming dividend of ฿8.00 per shareEligible shareholders must have bought the stock before 06 February 2025. Payment date: 21 February 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (7.3%). Higher than average of industry peers (0.6%).
Declared Dividend • Nov 25Dividend reduced to ฿8.00Dividend of ฿8.00 is 20% lower than last year. Ex-date: 6th February 2025 Payment date: 21st February 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (228% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 20Second quarter 2026 earnings released: EPS: ฿11.22 (vs ฿9.90 in 2Q 2025)Second quarter 2026 results: EPS: ฿11.22 (up from ฿9.90 in 2Q 2025). Revenue: ฿3.74b (down 3.1% from 2Q 2025). Net income: ฿234.6m (up 13% from 2Q 2025). Profit margin: 6.3% (up from 5.4% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 15First quarter 2026 earnings released: EPS: ฿16.32 (vs ฿15.48 in 1Q 2025)First quarter 2026 results: EPS: ฿16.32 (up from ฿15.48 in 1Q 2025). Revenue: ฿4.57b (down 12% from 1Q 2025). Net income: ฿341.0m (up 5.4% from 1Q 2025). Profit margin: 7.5% (up from 6.2% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 14New 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 5.9% 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 (5.9% average weekly change).
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿253, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 12x in the Electronic industry in Thailand. Total returns to shareholders of 16% over the past three years.
Upcoming Dividend • Jan 29Upcoming dividend of ฿30.00 per shareEligible shareholders must have bought the stock before 05 February 2026. Payment date: 20 February 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Thai dividend payers (7.8%). Higher than average of industry peers (0.5%).
お知らせ • Jan 22Muramoto Electron (Thailand) Public Company Limited Approves Dividend, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM held on January 22, 2026 approved dividend of THB 30.00 per share. Payment date: February 20, 2026; Record date: February 6, 2026.
Declared Dividend • Nov 22Dividend increased to ฿30.00Dividend of ฿30.00 is 275% higher than last year. Ex-date: 5th February 2026 Payment date: 20th February 2026 Dividend yield will be 11%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 21Full year 2025 earnings released: EPS: ฿52.63 (vs ฿14.15 in FY 2024)Full year 2025 results: EPS: ฿52.63 (up from ฿14.15 in FY 2024). Revenue: ฿17.8b (up 12% from FY 2024). Net income: ฿1.10b (up 272% from FY 2024). Profit margin: 6.2% (up from 1.9% 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 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 21Muramoto Electron (Thailand) Public Company Limited Proposes Dividend for Operating Period from October 1, 2024 to September 30, 2025, Payable on February 20, 2026Muramoto Electron (Thailand) Public Company Limited at its AGM to be held on January 22, 2026 proposed dividend of THB 30.00 per share for Operating period from October 1, 2024 to September 30, 2025. Payment date: February 20, 2026; Record date: February 6, 2026; Ex-dividend date: February 5, 2026.
お知らせ • Nov 20Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 22, 2026Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 22, 2026, at 14:00 SE Asia Standard Time.
Reported Earnings • Aug 09Third quarter 2025 earnings released: EPS: ฿11.36 (vs ฿17.30 in 3Q 2024)Third quarter 2025 results: EPS: ฿11.36 (down from ฿17.30 in 3Q 2024). Revenue: ฿4.26b (up 9.1% from 3Q 2024). Net income: ฿237.4m (down 34% from 3Q 2024). Profit margin: 5.6% (down from 9.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year.
Reported Earnings • May 10Second quarter 2025 earnings released: EPS: ฿9.90 (vs ฿7.19 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿9.90 (up from ฿7.19 loss in 2Q 2024). Revenue: ฿3.85b (up 20% from 2Q 2024). Net income: ฿206.9m (up ฿357.1m from 2Q 2024). Profit margin: 5.4% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.
New Risk • Feb 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.28b market cap, or US$97.2m).
Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: ฿15.48 (vs ฿10.81 in 1Q 2024)First quarter 2025 results: EPS: ฿15.48 (up from ฿10.81 in 1Q 2024). Revenue: ฿5.21b (up 13% from 1Q 2024). Net income: ฿323.5m (up 43% from 1Q 2024). Profit margin: 6.2% (up from 4.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
New Risk • Feb 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.39b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.39b market cap, or US$99.8m).
Upcoming Dividend • Jan 30Upcoming dividend of ฿8.00 per shareEligible shareholders must have bought the stock before 06 February 2025. Payment date: 21 February 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (7.3%). Higher than average of industry peers (0.6%).
Reported Earnings • Nov 27Full year 2024 earnings released: EPS: ฿14.15 (vs ฿11.61 in FY 2023)Full year 2024 results: EPS: ฿14.15 (up from ฿11.61 in FY 2023). Revenue: ฿16.0b (down 11% from FY 2023). Net income: ฿295.7m (up 22% from FY 2023). Profit margin: 1.9% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Declared Dividend • Nov 25Dividend reduced to ฿8.00Dividend of ฿8.00 is 20% lower than last year. Ex-date: 6th February 2025 Payment date: 21st February 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (228% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 23Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 24, 2025Muramoto Electron (Thailand) Public Company Limited, Annual General Meeting, Jan 24, 2025, at 14:00 SE Asia Standard Time. Location: with live broadcast from grand mercure-, bangkok atrium, pailin room, 1880 new petchburi road, bangkok Thailand
お知らせ • Sep 30Muramoto Electron (Thailand) Public Company Limited Approves Board ChangesMuramoto Electron (Thailand) Public Company Limited at its board meeting held on August 9, 2024 approved resignation from the positions of director of Mr. Shinichiro Yamamoto effective from 30 September 2024, onwards. The company made resolution to appoint a new director, Mr. takashi Maejima for replacement. This appointment effective from October 1, 2024 onwards.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿185, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the Electronic industry in Thailand. Total loss to shareholders of 19% over the past three years.
Buy Or Sell Opportunity • Aug 13Now 24% overvaluedOver the last 90 days, the stock has fallen 18% to ฿165. The fair value is estimated to be ฿133, 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 20%.
Reported Earnings • Aug 10Third quarter 2024 earnings released: EPS: ฿17.30 (vs ฿1.46 in 3Q 2023)Third quarter 2024 results: EPS: ฿17.30 (up from ฿1.46 in 3Q 2023). Revenue: ฿3.91b (up 2.4% from 3Q 2023). Net income: ฿361.4m (up ฿331.0m from 3Q 2023). Profit margin: 9.2% (up from 0.8% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jul 18Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to ฿168. The fair value is estimated to be ฿210, 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 20%.
Buy Or Sell Opportunity • Jul 01Now 18% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to ฿170. The fair value is estimated to be ฿208, 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 20%.
Buy Or Sell Opportunity • Jun 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to ฿166. The fair value is estimated to be ฿208, 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 20%.
New Risk • Jun 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.67b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Market cap is less than US$100m (฿3.67b market cap, or US$99.9m).
Reported Earnings • May 12Second quarter 2024 earnings released: EPS: ฿1.63 (vs ฿1.19 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿1.63 (up from ฿1.19 loss in 2Q 2023). Revenue: ฿3.22b (down 24% from 2Q 2023). Net income: ฿34.1m (up ฿58.9m from 2Q 2023). Profit margin: 1.1% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 21Muramoto Electron (Thailand) Public Company Limited Announces Executive ChangesMuramoto Electron (Thailand) Public Company Limited announced changing of chief accountant. Termination of Miss PANURAT SUWUNWEJ as chief accountant (Operation Leader of Accounting & Finance). Effective date of termination is 20 March 2024. Appointment of Miss Vipavee Lertchaiprasert as chief accountant (Accounting and Finance Department Manager). Effective Date of Appointment is 21 March 2024.
Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: ฿10.81 (vs ฿5.71 in 1Q 2023)First quarter 2024 results: EPS: ฿10.81 (up from ฿5.71 in 1Q 2023). Revenue: ฿4.61b (down 17% from 1Q 2023). Net income: ฿226.0m (up 89% from 1Q 2023). Profit margin: 4.9% (up from 2.2% 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 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jan 31Upcoming dividend of ฿10.00 per share at 4.1% yieldEligible shareholders must have bought the stock before 07 February 2024. Payment date: 22 February 2024. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (1.0%).
お知らせ • Jan 26+ 1 more updateMuramoto Electron (Thailand) Public Company Limited Approves Appointment of Mr. Kazunobu Kawabe as DirectorMuramoto Electron (Thailand) Public Company Limited at AGM on January 26, 2024 approved appointment of Mr. Kazunobu kawabe as director.
Reported Earnings • Nov 25Full year 2023 earnings released: EPS: ฿11.61 (vs ฿33.72 in FY 2022)Full year 2023 results: EPS: ฿11.61 (down from ฿33.72 in FY 2022). Revenue: ฿18.0b (down 3.7% from FY 2022). Net income: ฿242.7m (down 66% from FY 2022). Profit margin: 1.3% (down from 3.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Nov 25+ 1 more updateMuramoto Electron (Thailand) Public Company Limited Proposes Dividend for Year 2023Muramoto Electron (Thailand) Public Company Limited at its AGM to be held on January 26, 2024 proposed dividend of THB 10.00 per share for year 2023.
Reported Earnings • Aug 11Third quarter 2023 earnings released: EPS: ฿1.46 (vs ฿3.97 in 3Q 2022)Third quarter 2023 results: EPS: ฿1.46 (down from ฿3.97 in 3Q 2022). Revenue: ฿3.82b (down 10% from 3Q 2022). Net income: ฿30.5m (down 63% from 3Q 2022). Profit margin: 0.8% (down from 1.9% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 20% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 18Second quarter 2023 earnings released: ฿1.19 loss per share (vs ฿6.66 profit in 2Q 2022)Second quarter 2023 results: ฿1.19 loss per share (down from ฿6.66 profit in 2Q 2022). Revenue: ฿4.23b (down 1.0% from 2Q 2022). Net loss: ฿24.8m (down 118% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Feb 01Upcoming dividend of ฿18.00 per share at 6.1% yieldEligible shareholders must have bought the stock before 08 February 2023. Payment date: 24 February 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (0.8%).
Reported Earnings • Nov 27Full year 2022 earnings released: EPS: ฿33.72 (vs ฿30.71 in FY 2021)Full year 2022 results: EPS: ฿33.72 (up from ฿30.71 in FY 2021). Revenue: ฿18.7b (up 9.2% from FY 2021). Net income: ฿704.6m (up 9.8% from FY 2021). Profit margin: 3.8% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wongtipa Bunnag was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 13Third quarter 2022 earnings released: EPS: ฿3.97 (vs ฿9.30 in 3Q 2021)Third quarter 2022 results: EPS: ฿3.97 (down from ฿9.30 in 3Q 2021). Revenue: ฿4.26b (down 5.4% from 3Q 2021). Net income: ฿82.9m (down 57% from 3Q 2021). Profit margin: 1.9% (down from 4.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16Second quarter 2022 earnings released: EPS: ฿6.66 (vs ฿6.95 in 2Q 2021)Second quarter 2022 results: EPS: ฿6.66 (down from ฿6.95 in 2Q 2021). Revenue: ฿4.28b (down 5.4% from 2Q 2021). Net income: ฿139.1m (down 4.3% from 2Q 2021). Profit margin: 3.3% (up from 3.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wongtipa Bunnag was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 13First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: ฿10.47 (down from ฿11.48 in 1Q 2021). Revenue: ฿4.78b (up 1.4% from 1Q 2021). Net income: ฿218.8m (down 8.8% from 1Q 2021). Profit margin: 4.6% (down from 5.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be ฿340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% per annum over the last 3 years. Earnings per share has grown by 87% per annum over the last 3 years.
Upcoming Dividend • Feb 02Upcoming dividend of ฿14.00 per shareEligible shareholders must have bought the stock before 09 February 2022. Payment date: 25 February 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.5%).
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿267, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 30x in the Electronic industry in Thailand. Total returns to shareholders of 45% over the past three years.
Reported Earnings • Nov 29Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿30.71 (up from ฿11.97 in FY 2020). Revenue: ฿17.2b (up 47% from FY 2020). Net income: ฿641.8m (up 157% from FY 2020). Profit margin: 3.7% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿274, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 30x in the Electronic industry in Thailand. Total returns to shareholders of 70% over the past three years.
Reported Earnings • Aug 18Third quarter 2021 earnings released: EPS ฿9.30 (vs ฿0.76 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿4.50b (up 61% from 3Q 2020). Net income: ฿194.3m (up ฿210.2m from 3Q 2020). Profit margin: 4.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿244, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 29x in the Electronic industry in Thailand. Total returns to shareholders of 52% over the past three years.
Reported Earnings • May 16Second quarter 2021 earnings released: EPS ฿6.95 (vs ฿6.12 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿4.52b (up 64% from 2Q 2020). Net income: ฿145.3m (up 14% from 2Q 2020). Profit margin: 3.2% (down from 4.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 17First quarter 2021 earnings released: EPS ฿11.48 (vs ฿1.65 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿4.71b (up 73% from 1Q 2020). Net income: ฿239.9m (up ฿205.3m from 1Q 2020). Profit margin: 5.1% (up from 1.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿247, the stock is trading at a trailing P/E ratio of 20.6x, up from the previous P/E ratio of 17.1x. This compares to an average P/E of 24x in the Electronic industry in Thailand. Total returns to shareholders over the past three years are 35%.
Is New 90 Day High Low • Feb 15New 90-day high: ฿247The company is up 47% from its price of ฿168 on 17 November 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 90% over the same period.
Upcoming Dividend • Feb 03Upcoming Dividend of ฿10.00 Per ShareWill be paid on the 25th of February to those who are registered shareholders by the 10th of February. The trailing yield of 5.0% is below the top quartile of Thai dividend payers (6.4%), but it is higher than industry peers (1.3%).
Valuation Update With 7 Day Price Move • Dec 03Market bids up stock over the past weekAfter last week's 20% share price gain to ฿201, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 14x. This compares to an average P/E of 20x in the Electronic industry in Thailand. Total returns to shareholders over the past three years are 1.9%.
Reported Earnings • Nov 28Full year 2020 earnings released: EPS ฿11.97The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿11.7b (up 6.6% from FY 2019). Net income: ฿250.2m (up ฿448.2m from FY 2019). Profit margin: 2.1% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 27New 90-day high: ฿182The company is up 35% from its price of ฿135 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 49% over the same period.
Is New 90 Day High Low • Nov 04New 90-day high: ฿176The company is up 30% from its price of ฿135 on 06 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 37% over the same period.
Is New 90 Day High Low • Oct 05New 90-day high: ฿163The company is up 23% from its price of ฿132 on 07 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 98% over the same period.