View Past PerformancenForce Secure バランスシートの健全性財務の健全性 基準チェック /66nForce Secureの総株主資本はTHB771.1M 、総負債はTHB0.0で、負債比率は0%となります。総資産と総負債はそれぞれTHB1.2BとTHB386.0Mです。 nForce Secureの EBIT はTHB148.3Mで、利息カバレッジ比率-16.8です。現金および短期投資はTHB608.2Mです。主要情報0%負債資本比率฿0負債インタレスト・カバレッジ・レシオ-16.8x現金฿608.21mエクイティ฿771.11m負債合計฿386.03m総資産฿1.16b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesDeclared Dividend • Mar 01Dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 12th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 50% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 27+ 1 more updatenForce Secure Public Company Limited announces Annual dividend, payable on May 22, 2026nForce Secure Public Company Limited announced Annual dividend of THB 1.0000 per share payable on May 22, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.26 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.26 (up from ฿0.10 in 3Q 2024). Revenue: ฿268.3m (up 2.4% from 3Q 2024). Net income: ฿27.2m (up 163% from 3Q 2024). Profit margin: 10% (up from 3.9% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.31 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.31 (up from ฿0.17 in 2Q 2024). Revenue: ฿290.3m (up 31% from 2Q 2024). Net income: ฿31.7m (up 81% from 2Q 2024). Profit margin: 11% (up from 7.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.28 (down from ฿0.40 in 1Q 2024). Revenue: ฿292.9m (down 15% from 1Q 2024). Net income: ฿29.1m (down 29% from 1Q 2024). Profit margin: 9.9% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Board Change • Apr 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 24+ 1 more updatenForce Secure Public Company Limited Announces Board ChangesnForce Secure Public Company Limited at the Annual General Meeting of Shareholder held on April 23, 2025 approved the appointment of Mr. Chaowchai Jiamvijid as Independent Director in replacement of Mr. Karoon Phungsoondara. Approved the appointment of Mr. Jumrud Sawangsamud as Independent Director in replacement of Asst. Prof. Dr. Siridech Kumsuprom.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿1.13 (vs ฿0.89 in FY 2023)Full year 2024 results: EPS: ฿1.13 (up from ฿0.89 in FY 2023). Revenue: ฿1.24b (up 16% from FY 2023). Net income: ฿115.6m (up 26% from FY 2023). Profit margin: 9.3% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.お知らせ • Feb 28nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025, at 09:30 SE Asia Standard Time.お知らせ • Feb 27nForce Secure Public Company Limited Proposes Cash Dividend for July 1, 2024 to December 31, 2024, Payable on May 22, 2025nForce Secure Public Company Limited proposed cash Dividend for July 1, 2024 to December 31, 2024 of THB 0.70 with record date of March 14, 2025 and ex date of March 13, 2025 and Payable on May 22, 2025.Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 52% over the past three years.Upcoming Dividend • Aug 22Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 67% and the cash payout ratio is 88%. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (0.8%).お知らせ • Aug 17nForce Secure Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 13, 2024nForce Secure Public Company Limited announced interim cash dividend of THB 0.20 per share for the operating period from January 1, 2024 to June 30, 2024. Par value is THB 0.50. Payment date is September 13, 2024. Record date for the right to receive dividends is August 30, 2024. Ex-dividend date is August 29, 2024.New Risk • Aug 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). High level of non-cash earnings (26% accrual ratio). 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 (฿1.08b market cap, or US$30.7m).Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.23 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (down from ฿0.23 in 2Q 2023). Revenue: ฿221.9m (down 15% from 2Q 2023). Net income: ฿17.5m (down 26% from 2Q 2023). Profit margin: 7.9% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Board Change • Aug 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 47% over the past three years.Buy Or Sell Opportunity • May 21Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to ฿18.60. The fair value is estimated to be ฿15.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 8.0% in a year. Earnings are forecast to grow by 6.4% in the next year.Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿17.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Thailand. Total returns to shareholders of 18% over the past year.Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.40 (vs ฿0.27 in 1Q 2023)First quarter 2024 results: EPS: ฿0.40 (up from ฿0.27 in 1Q 2023). Revenue: ฿345.0m (up 37% from 1Q 2023). Net income: ฿40.9m (up 50% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿14.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Electronic industry in Thailand. Total returns to shareholders of 10% over the past year.お知らせ • Apr 26nForce Secure Public Company Limited Approves Dividend for 2023, Payable on May 20, 2024nForce Secure Public Company Limited announced at annual general meeting held on April 24, 2024, the shareholders approved annual dividend payment for the operating result of 2023 at the rate of THB 0.45 per share to the shareholders of 102,741,000 shares, totaling THB 46,233,450. Payment of dividend shall be made to the shareholders entitled to receive the dividend whose names appeared on the Record Date for the right to receive dividend on March 15, 2024 and the dividend shall be payable on May 20, 2024, the dividend payment of the company is in accordance with the dividend payment policy of the Company.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.2%).Reported Earnings • Mar 02Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.89 (up from ฿0.54 in FY 2022). Revenue: ฿1.07b (up 19% from FY 2022). Net income: ฿91.8m (up 67% from FY 2022). Profit margin: 8.6% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 14%.お知らせ • Mar 02nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the Company's performance for the year 2023; to consider approving the Company's Financial Statements for the year ended December 31, 2023; to consider the dividend payment; to consider and appoint the directors to replace the retiring directors by rotation; to consider and approve the 2024 remuneration of Directors and Sub-committee; to consider the appointment of the auditors and the auditor's fee for the year 2024; and to consider other matters (if any).お知らせ • Mar 01Nforce Secure Public Company Limited Proposes Dividend for the Operating Result of 2023, Payable on May 20, 2024The Board of Directors' Meeting of nForce Secure Public Company Limited held on February 29, 2024, has passed the resolutions as follows: approved to propose to shareholders' meeting to consider and approve the allocation of the dividend payment for the operating result of 2023 from net profit. The dividend will be paid at the rate of THB 0.45 per share, totaling THB 46,233,450. Thus, the dividend payout ratio equals to 50.78% of net profit after retained earnings, and after deducting legal reserve. The Board of Directors resolved to set the record date for shareholders who are entitled to receive dividends (Record Date) on March 15, 2024, and set the dividend payment date on May 20, 2024. In this regard, the grant of this right is uncertain since it has to be approved by the shareholders' meeting.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.078 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.078 in 3Q 2022). Revenue: ฿231.8m (up 14% from 3Q 2022). Net income: ฿11.4m (up 42% from 3Q 2022). Profit margin: 4.9% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿1.36b market cap, or US$37.3m).Reported Earnings • Aug 12Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: ฿0.23 (up from ฿0.14 in 2Q 2022). Revenue: ฿261.2m (up 25% from 2Q 2022). Net income: ฿23.7m (up 70% from 2Q 2022). Profit margin: 9.1% (up from 6.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿15.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Electronic industry in Thailand. Total loss to shareholders of 19% over the past year.Upcoming Dividend • Mar 02Upcoming dividend of ฿0.30 per share at 1.9% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (0.9%).Reported Earnings • Feb 26Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ฿0.54 (down from ฿0.69 in FY 2021). Revenue: ฿893.9m (up 8.6% from FY 2021). Net income: ฿55.1m (down 9.9% from FY 2021). Profit margin: 6.2% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿13.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 54% over the past year.Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: ฿0.078 (vs ฿0.033 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.078 (up from ฿0.033 in 3Q 2021). Revenue: ฿204.2m (up 52% from 3Q 2021). Net income: ฿8.01m (up 138% from 3Q 2021). Profit margin: 3.9% (up from 2.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Thailand.Buying Opportunity • Aug 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.6%. The fair value is estimated to be ฿25.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Earnings per share has declined by 61%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 98% in the next year.Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.14 (vs ฿0.24 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.14 (down from ฿0.24 in 2Q 2021). Revenue: ฿209.0m (up 2.0% from 2Q 2021). Net income: ฿14.0m (down 25% from 2Q 2021). Profit margin: 6.7% (down from 9.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 75% growth forecast for the Electronic industry in Thailand.Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿24.19, 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 year. Earnings per share has declined by 39%. Revenue is forecast to grow by 41% in a year. Earnings is forecast to grow by 183% in the next year.Board Change • May 31High number of new directorsIndependent Director Karoon Phungsoondara was the last director to join the board, commencing their role in 2022.Reported Earnings • May 15First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ฿0.03 (down from ฿0.37 in 1Q 2021). Revenue: ฿175.4m (down 38% from 1Q 2021). Net income: ฿3.42m (down 88% from 1Q 2021). Profit margin: 1.9% (down from 9.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 41%, compared to a 102% growth forecast for the industry in Thailand.Board Change • Apr 27Less 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 03nForce Secure Public Company Limited Proposes Dividend for the Year 2021, Payable on May 18, 2022nForce Secure Public Company Limited announced that at its board meeting held on February 28, 2022, approved to propose the 2022 AGM to consider approving the allocation of net profit from the 2021 operating results in the amount of THB 1,547,050, equivalent to 2.43% of net profit from the 2021 operating results, as a legal reserve. As a result, the company will have total legal reserve in the amount of THB 5,297,050, equivalent to 10% of the registered capital of the company as required by law, and approved to propose the 2022 AGM to consider approving the dividend payment for the year 2021 (for operating results from April 1, 2021 - December, 1 2021) to the shareholders at the rate of THB 0.18 per share, totaling THB 18,493,380. The total dividends payments will be subject to withholding tax at the rate prescribed by law. In this regard, the company has already made the payment of an interim dividend for the performance for the year ended 2020 and the first quarter of the year 2021 to the shareholders on May 25, 2021 at the rate of THB 0.49 per share, totaling THB 36,420,000 according to the resolution of the Board of Directors' Meeting No. 2/2021, held on May 13, 2021. The Record Date for specifying the list of shareholders who are entitled to receive the dividend shall be on May 10, 2022 ("XD" or the Exclude Dividends Symbol will be held on May 9, 2022) and the date of dividend payment will be on May 18, 2022. However, the right to receive the dividend is uncertain as it is subject to the approval from the 2022 AGM.Reported Earnings • Mar 02Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.69 (up from ฿0.33 in FY 2020). Revenue: ฿823.4m (up 30% from FY 2020). Net income: ฿61.1m (up 160% from FY 2020). Profit margin: 7.4% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 18%, compared to a 20% growth forecast for the industry in Thailand.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿29.75, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 24x in the Electronic industry in Thailand.お知らせ • Jul 02nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million.nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 27,741,000 Price\Range: THB 16財務状況分析短期負債: SECUREの 短期資産 ( THB1.1B ) が 短期負債 ( THB333.8M ) を超えています。長期負債: SECUREの短期資産 ( THB1.1B ) が 長期負債 ( THB52.2M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: SECUREは負債がありません。負債の削減: SECURE負債比率が20.8%であった 5 年前と比べて負債がありません。債務返済能力: SECUREには負債がないため、営業キャッシュフロー でカバーする必要はありません。インタレストカバレッジ: SECUREには負債がないため、利息支払い の負担は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 14:16終値2026/05/07 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋nForce Secure Public Company Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Supachai WattanavitheskulYuanta Securities (Thailand) Company Limited
Declared Dividend • Mar 01Dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 12th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 50% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 27+ 1 more updatenForce Secure Public Company Limited announces Annual dividend, payable on May 22, 2026nForce Secure Public Company Limited announced Annual dividend of THB 1.0000 per share payable on May 22, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.26 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.26 (up from ฿0.10 in 3Q 2024). Revenue: ฿268.3m (up 2.4% from 3Q 2024). Net income: ฿27.2m (up 163% from 3Q 2024). Profit margin: 10% (up from 3.9% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.31 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.31 (up from ฿0.17 in 2Q 2024). Revenue: ฿290.3m (up 31% from 2Q 2024). Net income: ฿31.7m (up 81% from 2Q 2024). Profit margin: 11% (up from 7.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.28 (down from ฿0.40 in 1Q 2024). Revenue: ฿292.9m (down 15% from 1Q 2024). Net income: ฿29.1m (down 29% from 1Q 2024). Profit margin: 9.9% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Board Change • Apr 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 24+ 1 more updatenForce Secure Public Company Limited Announces Board ChangesnForce Secure Public Company Limited at the Annual General Meeting of Shareholder held on April 23, 2025 approved the appointment of Mr. Chaowchai Jiamvijid as Independent Director in replacement of Mr. Karoon Phungsoondara. Approved the appointment of Mr. Jumrud Sawangsamud as Independent Director in replacement of Asst. Prof. Dr. Siridech Kumsuprom.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿1.13 (vs ฿0.89 in FY 2023)Full year 2024 results: EPS: ฿1.13 (up from ฿0.89 in FY 2023). Revenue: ฿1.24b (up 16% from FY 2023). Net income: ฿115.6m (up 26% from FY 2023). Profit margin: 9.3% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
お知らせ • Feb 28nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025, at 09:30 SE Asia Standard Time.
お知らせ • Feb 27nForce Secure Public Company Limited Proposes Cash Dividend for July 1, 2024 to December 31, 2024, Payable on May 22, 2025nForce Secure Public Company Limited proposed cash Dividend for July 1, 2024 to December 31, 2024 of THB 0.70 with record date of March 14, 2025 and ex date of March 13, 2025 and Payable on May 22, 2025.
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 52% over the past three years.
Upcoming Dividend • Aug 22Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 67% and the cash payout ratio is 88%. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (0.8%).
お知らせ • Aug 17nForce Secure Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 13, 2024nForce Secure Public Company Limited announced interim cash dividend of THB 0.20 per share for the operating period from January 1, 2024 to June 30, 2024. Par value is THB 0.50. Payment date is September 13, 2024. Record date for the right to receive dividends is August 30, 2024. Ex-dividend date is August 29, 2024.
New Risk • Aug 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). High level of non-cash earnings (26% accrual ratio). 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 (฿1.08b market cap, or US$30.7m).
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.23 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (down from ฿0.23 in 2Q 2023). Revenue: ฿221.9m (down 15% from 2Q 2023). Net income: ฿17.5m (down 26% from 2Q 2023). Profit margin: 7.9% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Board Change • Aug 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 47% over the past three years.
Buy Or Sell Opportunity • May 21Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to ฿18.60. The fair value is estimated to be ฿15.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 8.0% in a year. Earnings are forecast to grow by 6.4% in the next year.
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿17.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Thailand. Total returns to shareholders of 18% over the past year.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.40 (vs ฿0.27 in 1Q 2023)First quarter 2024 results: EPS: ฿0.40 (up from ฿0.27 in 1Q 2023). Revenue: ฿345.0m (up 37% from 1Q 2023). Net income: ฿40.9m (up 50% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿14.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Electronic industry in Thailand. Total returns to shareholders of 10% over the past year.
お知らせ • Apr 26nForce Secure Public Company Limited Approves Dividend for 2023, Payable on May 20, 2024nForce Secure Public Company Limited announced at annual general meeting held on April 24, 2024, the shareholders approved annual dividend payment for the operating result of 2023 at the rate of THB 0.45 per share to the shareholders of 102,741,000 shares, totaling THB 46,233,450. Payment of dividend shall be made to the shareholders entitled to receive the dividend whose names appeared on the Record Date for the right to receive dividend on March 15, 2024 and the dividend shall be payable on May 20, 2024, the dividend payment of the company is in accordance with the dividend payment policy of the Company.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.2%).
Reported Earnings • Mar 02Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.89 (up from ฿0.54 in FY 2022). Revenue: ฿1.07b (up 19% from FY 2022). Net income: ฿91.8m (up 67% from FY 2022). Profit margin: 8.6% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
お知らせ • Mar 02nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the Company's performance for the year 2023; to consider approving the Company's Financial Statements for the year ended December 31, 2023; to consider the dividend payment; to consider and appoint the directors to replace the retiring directors by rotation; to consider and approve the 2024 remuneration of Directors and Sub-committee; to consider the appointment of the auditors and the auditor's fee for the year 2024; and to consider other matters (if any).
お知らせ • Mar 01Nforce Secure Public Company Limited Proposes Dividend for the Operating Result of 2023, Payable on May 20, 2024The Board of Directors' Meeting of nForce Secure Public Company Limited held on February 29, 2024, has passed the resolutions as follows: approved to propose to shareholders' meeting to consider and approve the allocation of the dividend payment for the operating result of 2023 from net profit. The dividend will be paid at the rate of THB 0.45 per share, totaling THB 46,233,450. Thus, the dividend payout ratio equals to 50.78% of net profit after retained earnings, and after deducting legal reserve. The Board of Directors resolved to set the record date for shareholders who are entitled to receive dividends (Record Date) on March 15, 2024, and set the dividend payment date on May 20, 2024. In this regard, the grant of this right is uncertain since it has to be approved by the shareholders' meeting.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.078 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.078 in 3Q 2022). Revenue: ฿231.8m (up 14% from 3Q 2022). Net income: ฿11.4m (up 42% from 3Q 2022). Profit margin: 4.9% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.
New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿1.36b market cap, or US$37.3m).
Reported Earnings • Aug 12Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: ฿0.23 (up from ฿0.14 in 2Q 2022). Revenue: ฿261.2m (up 25% from 2Q 2022). Net income: ฿23.7m (up 70% from 2Q 2022). Profit margin: 9.1% (up from 6.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿15.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Electronic industry in Thailand. Total loss to shareholders of 19% over the past year.
Upcoming Dividend • Mar 02Upcoming dividend of ฿0.30 per share at 1.9% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (0.9%).
Reported Earnings • Feb 26Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ฿0.54 (down from ฿0.69 in FY 2021). Revenue: ฿893.9m (up 8.6% from FY 2021). Net income: ฿55.1m (down 9.9% from FY 2021). Profit margin: 6.2% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿13.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 54% over the past year.
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: ฿0.078 (vs ฿0.033 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.078 (up from ฿0.033 in 3Q 2021). Revenue: ฿204.2m (up 52% from 3Q 2021). Net income: ฿8.01m (up 138% from 3Q 2021). Profit margin: 3.9% (up from 2.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Thailand.
Buying Opportunity • Aug 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.6%. The fair value is estimated to be ฿25.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Earnings per share has declined by 61%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 98% in the next year.
Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.14 (vs ฿0.24 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.14 (down from ฿0.24 in 2Q 2021). Revenue: ฿209.0m (up 2.0% from 2Q 2021). Net income: ฿14.0m (down 25% from 2Q 2021). Profit margin: 6.7% (down from 9.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 75% growth forecast for the Electronic industry in Thailand.
Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿24.19, 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 year. Earnings per share has declined by 39%. Revenue is forecast to grow by 41% in a year. Earnings is forecast to grow by 183% in the next year.
Board Change • May 31High number of new directorsIndependent Director Karoon Phungsoondara was the last director to join the board, commencing their role in 2022.
Reported Earnings • May 15First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ฿0.03 (down from ฿0.37 in 1Q 2021). Revenue: ฿175.4m (down 38% from 1Q 2021). Net income: ฿3.42m (down 88% from 1Q 2021). Profit margin: 1.9% (down from 9.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 41%, compared to a 102% growth forecast for the industry in Thailand.
Board Change • Apr 27Less 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 03nForce Secure Public Company Limited Proposes Dividend for the Year 2021, Payable on May 18, 2022nForce Secure Public Company Limited announced that at its board meeting held on February 28, 2022, approved to propose the 2022 AGM to consider approving the allocation of net profit from the 2021 operating results in the amount of THB 1,547,050, equivalent to 2.43% of net profit from the 2021 operating results, as a legal reserve. As a result, the company will have total legal reserve in the amount of THB 5,297,050, equivalent to 10% of the registered capital of the company as required by law, and approved to propose the 2022 AGM to consider approving the dividend payment for the year 2021 (for operating results from April 1, 2021 - December, 1 2021) to the shareholders at the rate of THB 0.18 per share, totaling THB 18,493,380. The total dividends payments will be subject to withholding tax at the rate prescribed by law. In this regard, the company has already made the payment of an interim dividend for the performance for the year ended 2020 and the first quarter of the year 2021 to the shareholders on May 25, 2021 at the rate of THB 0.49 per share, totaling THB 36,420,000 according to the resolution of the Board of Directors' Meeting No. 2/2021, held on May 13, 2021. The Record Date for specifying the list of shareholders who are entitled to receive the dividend shall be on May 10, 2022 ("XD" or the Exclude Dividends Symbol will be held on May 9, 2022) and the date of dividend payment will be on May 18, 2022. However, the right to receive the dividend is uncertain as it is subject to the approval from the 2022 AGM.
Reported Earnings • Mar 02Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.69 (up from ฿0.33 in FY 2020). Revenue: ฿823.4m (up 30% from FY 2020). Net income: ฿61.1m (up 160% from FY 2020). Profit margin: 7.4% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 18%, compared to a 20% growth forecast for the industry in Thailand.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿29.75, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 24x in the Electronic industry in Thailand.
お知らせ • Jul 02nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million.nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 27,741,000 Price\Range: THB 16