View ValuationStars Microelectronics (Thailand) 将来の成長Future 基準チェック /06現在、 Stars Microelectronics (Thailand)の成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長25.2%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Apr 27Price target decreased to ฿7.20Down from ฿8.40, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ฿5.05. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.25 last year.すべての更新を表示Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.014 (vs ฿0.052 in 1Q 2025)First quarter 2026 results: EPS: ฿0.014 (down from ฿0.052 in 1Q 2025). Revenue: ฿602.0m (up 35% from 1Q 2025). Net income: ฿11.2m (down 75% from 1Q 2025). Profit margin: 1.9% (down from 9.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 23Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 21 May 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (0.4%).New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (฿1.30b market cap, or US$40.4m).Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.07 loss per share (vs ฿0.19 loss in FY 2024)Full year 2025 results: ฿0.07 loss per share (improved from ฿0.19 loss in FY 2024). Revenue: ฿2.17b (up 2.8% from FY 2024). Net loss: ฿60.1m (loss narrowed 63% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.Declared Dividend • Mar 01Dividend reduced to ฿0.03Dividend of ฿0.03 is 25% lower than last year. Ex-date: 30th April 2026 Payment date: 21st May 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (222% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments.お知らせ • Feb 27+ 1 more updateStars Microelectronics (Thailand) Public Company Limited announces Annual dividend, payable on May 21, 2026Stars Microelectronics (Thailand) Public Company Limited announced Annual dividend of THB 0.0300 per share payable on May 21, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.New Risk • Nov 14New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 3.5% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (฿959.9m market cap, or US$29.7m).Reported Earnings • Nov 08Third quarter 2025 earnings released: ฿0.06 loss per share (vs ฿0.093 loss in 3Q 2024)Third quarter 2025 results: ฿0.06 loss per share (improved from ฿0.093 loss in 3Q 2024). Revenue: ฿564.3m (up 14% from 3Q 2024). Net loss: ฿48.2m (loss narrowed 39% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 08Second quarter 2025 earnings released: ฿0.055 loss per share (vs ฿0.075 loss in 2Q 2024)Second quarter 2025 results: ฿0.055 loss per share (improved from ฿0.075 loss in 2Q 2024). Revenue: ฿460.9m (down 5.8% from 2Q 2024). Net loss: ฿45.0m (loss narrowed 29% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.New Risk • Jun 20New 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 11% 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 (11% average weekly change). Earnings have declined by 4.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿919.2m market cap, or US$28.0m).Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.034 in 1Q 2024)First quarter 2025 results: EPS: ฿0.05 (up from ฿0.034 in 1Q 2024). Revenue: ฿543.5m (up 5.4% from 1Q 2024). Net income: ฿43.7m (up 52% from 1Q 2024). Profit margin: 8.0% (up from 5.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.New Risk • May 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 9.9% 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 Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (฿1.22b market cap, or US$37.0m).Upcoming Dividend • Apr 23Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 20 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (1.3%).Reported Earnings • Feb 21Full year 2024 earnings released: ฿0.19 loss per share (vs ฿0.28 profit in FY 2023)Full year 2024 results: ฿0.19 loss per share (down from ฿0.28 profit in FY 2023). Revenue: ฿2.12b (down 19% from FY 2023). Net loss: ฿164.5m (down 170% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.お知らせ • Feb 21Stars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 24, 2025Stars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: at magic 2 room, 2nd floor, miracle, grand convention hotel, viphavadee road, laksi, donmuang, bangkok Thailandお知らせ • Feb 20Stars Microelectronics (Thailand) Public Company Limited Proposes Dividend for the Year Ended December 31, 2024, Payable on 20 May 2025Stars Microelectronics (Thailand) Public Company Limited announced that at its board meeting held on 20 February 2025, had approved the dividend payment for the year 2024 and convened the Annual General Meeting of shareholders of year 2025. The meeting adopted the following resolution as follows: Resolved to approve the dividend payment from the unappropriated retain earning at December 31, 2024 of THB 0.04 per share payable from retain earning under BOI privilege which are tax exempt of THB 0.04 per share for the total amount not exceeding of THB 32,816,271. Determining the shareholder entitled to receive the dividends on 2 May 2025 (Record date) and the dividend payment will be made on 20 May 2025 However, this matter shall be submitted to the Annual General Meeting of shareholders for fiscal year 2025 for approval.Buy Or Sell Opportunity • Jan 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 31% to ฿1.39. The fair value is estimated to be ฿1.79, 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. Meanwhile, the company became loss making.Reported Earnings • Nov 13Third quarter 2024 earnings released: ฿0.09 loss per share (vs ฿0.097 profit in 3Q 2023)Third quarter 2024 results: ฿0.09 loss per share (down from ฿0.097 profit in 3Q 2023). Revenue: ฿499.2m (down 30% from 3Q 2023). Net loss: ฿78.5m (down 196% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Oct 10Now 20% overvaluedOver the last 90 days, the stock has fallen 21% to ฿2.10. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.Buy Or Sell Opportunity • Sep 24Now 22% overvaluedOver the last 90 days, the stock has fallen 31% to ฿2.14. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.Buy Or Sell Opportunity • Sep 05Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to ฿2.14. The fair value is estimated to be ฿1.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.Valuation Update With 7 Day Price Move • Sep 04Investor sentiment improves as stock rises 34%After last week's 34% share price gain to ฿2.08, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 21x in the Electronic industry in Thailand. Total loss to shareholders of 65% over the past three years.Buy Or Sell Opportunity • Aug 13Now 33% undervalued after recent price dropOver the last 90 days, the stock has fallen 54% to ฿1.17. The fair value is estimated to be ฿1.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.07 loss per share (vs ฿0.10 profit in 2Q 2023)Second quarter 2024 results: ฿0.07 loss per share (down from ฿0.10 profit in 2Q 2023). Revenue: ฿496.2m (down 31% from 2Q 2023). Net loss: ฿63.2m (down 174% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.77, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 17x in the Electronic industry in Thailand. Total loss to shareholders of 72% over the past three years.New Risk • Jul 19New 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 6.9% 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 (6.9% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (฿1.99b market cap, or US$54.8m).Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿2.16, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 67% over the past three years.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.58, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 60% over the past three years.お知らせ • May 30Stars Microelectronics (Thailand) Public Company Limited Appoints Miss Jiratha Lamsomwang as Chief AccountantStars Microelectronics (Thailand) Public Company Limited appointed Miss Jiratha Lamsomwang as Chief Accountant, effective from May 1, 2024.New Risk • May 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (฿2.30b market cap, or US$62.4m).Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.087 in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (down from ฿0.087 in 1Q 2023). Revenue: ฿518.0m (down 21% from 1Q 2023). Net income: ฿28.8m (down 61% from 1Q 2023). Profit margin: 5.6% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 07Upcoming dividend of ฿0.07 per shareEligible shareholders must have bought the stock before 14 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (1.2%).お知らせ • Apr 27Stars Microelectronics (Thailand) Public Company Limited Approves Dividend for the Period from January 1, 2023 to December 31, 2023Stars Microelectronics (Thailand) Public Company Limited at its AGM held on April 25, 2024 approved the allocation of net profit as legal reserves for the amount of THB 11,400,000 and approved omitting the dividend payment from the operating result of year 2023 period of January 1, 2023 to December 31, 2023 of THB 0.07 per share which are tax exempt of THB 0.07 per share and payable from Non-BOI of THB 0 per share.Valuation Update With 7 Day Price Move • Feb 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 33% over the past three years.Declared Dividend • Feb 25Dividend increased to ฿0.07Dividend of ฿0.07 is 17% higher than last year. Ex-date: 14th May 2024 Payment date: 21st May 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 29% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.28 (down from ฿0.36 in FY 2022). Revenue: ฿2.65b (down 7.1% from FY 2022). Net income: ฿235.3m (down 23% from FY 2022). Profit margin: 8.9% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Feb 23+ 1 more updateStars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 25, 2024Stars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Location: Magic 2 Room, 2nd floor, Miracle Grand Convention Hote Viphavadee Road, Laksi Bangkok Thailand Agenda: To consider adoption of Minutes of the Extraordinary General Meeting of Shareholders No.1 / 2023; to approve of the Company's performance of the year 2023; to consider and approve the statement of financial position and income statement for the year ended on 31 December 2023 and the report of the auditor; and to consider other matters.Buy Or Sell Opportunity • Feb 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to ฿3.28. The fair value is estimated to be ฿4.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 3.0% in the next 2 years.New Risk • Nov 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.49b (US$97.0m) 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (฿3.49b market cap, or US$97.0m).Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.12 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.10 (down from ฿0.12 in 3Q 2022). Revenue: ฿713.6m (down 12% from 3Q 2022). Net income: ฿82.1m (down 20% from 3Q 2022). Profit margin: 12% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿5.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electronic industry in Thailand. Total returns to shareholders of 116% over the past three years.New Risk • Aug 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.085 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.10 (up from ฿0.085 in 2Q 2022). Revenue: ฿724.4m (up 5.7% from 2Q 2022). Net income: ฿85.3m (up 20% from 2Q 2022). Profit margin: 12% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.New Risk • Jun 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.50b (US$98.5m) 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. This is currently the only risk that has been identified for the company.Reported Earnings • May 09First quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.068 in 1Q 2022)First quarter 2023 results: EPS: ฿0.09. Revenue: ฿665.1k (down 100% from 1Q 2022). Net income: ฿73.8k (down 100% from 1Q 2022). Profit margin: 11% (up from 9.6% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.Upcoming Dividend • May 02Upcoming dividend of ฿0.06 per share at 1.5% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.1%).お知らせ • Jan 06Stars Microelectronics (Thailand) Public Company Limited Announces Executive ChangesStars Microelectronics (Thailand) Public Company Limited announced termination of Chotisak Promwas as Chief Finance Officer effective from 6 January 2023. The company appointed Mr. Chaiyot Thaveeratitham as Chief Finance Officer, effective from 6 January 2023.Board Change • Nov 16Less 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. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Company Secretary & Executive Director Yunyong Sawasdi 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ฿0.12 (vs ฿0.068 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.12 (up from ฿0.068 in 3Q 2021). Revenue: ฿850.3m (up 57% from 3Q 2021). Net income: ฿102.8m (up 81% from 3Q 2021). Profit margin: 12% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.067 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.09 (up from ฿0.067 in 2Q 2021). Revenue: ฿693.1m (up 14% from 2Q 2021). Net income: ฿71.1m (up 28% from 2Q 2021). Profit margin: 10% (up from 9.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 34%, compared to a 81% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.07 (up from ฿0.061 in 1Q 2021). Revenue: ฿600.9m (up 9.7% from 1Q 2021). Net income: ฿56.8m (up 11% from 1Q 2021). Profit margin: 9.5% (in line with 1Q 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 34%, compared to a 107% growth forecast for the industry in Thailand. 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 38% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.07 (up from ฿0.061 in 1Q 2021). Revenue: ฿600.9m (up 9.7% from 1Q 2021). Net income: ฿56.8m (up 11% from 1Q 2021). Profit margin: 9.5% (in line with 1Q 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 34%, compared to a 107% growth forecast for the industry in Thailand. 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 38% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 28Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 27 May 2022. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (1.4%).Price Target Changed • Apr 27Price target decreased to ฿7.20Down from ฿8.40, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ฿5.05. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.25 last year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Company Secretary & Executive Director Yunyong Sawasdi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 20Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.25 (up from ฿0.097 in FY 2020). Revenue: ฿2.23b (up 16% from FY 2020). Net income: ฿209.7m (up 158% from FY 2020). Profit margin: 9.4% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 36%, compared to a 84% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿5.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electronic industry in Thailand. Total returns to shareholders of 162% over the past three years.Buying Opportunity • Jan 21Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be ฿6.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% per annum over the last 3 years. The company has become profitable over the last 3 years.Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS ฿0.07 (vs ฿0.052 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿549.4m (up 8.5% from 3Q 2020). Net income: ฿56.7m (up 31% from 3Q 2020). Profit margin: 10% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 06Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿615.9m (up 24% from 2Q 2020). Net income: ฿55.7m (up 52% from 2Q 2020). Profit margin: 9.0% (up from 7.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improved over the past weekAfter last week's 35% share price gain to ฿6.95, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 31x in the Electronic industry in Thailand. Total returns to shareholders of 163% over the past three years.Reported Earnings • May 10First quarter 2021 earnings released: EPS ฿0.061 (vs ฿0.037 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿556.0m (up 41% from 1Q 2020). Net income: ฿51.3m (up ฿82.0m from 1Q 2020). Profit margin: 9.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿4.16, the stock is trading at a trailing P/E ratio of 42.8x, down from the previous P/E ratio of 51x. This compares to an average P/E of 22x in the Electronic industry in Thailand. Total returns to shareholders over the past three years are 49%.Reported Earnings • Feb 20Full year 2020 earnings released: EPS ฿0.097 (vs ฿0.047 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.95b (up 8.4% from FY 2019). Net income: ฿81.4m (up ฿120.8m from FY 2019). Profit margin: 4.2% (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 increased by 102% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 07New 90-day high: ฿3.34The company is up 9.0% from its price of ฿3.06 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 122% over the same period.Is New 90 Day High Low • Dec 21New 90-day low: ฿2.54The company is down 18% from its price of ฿3.10 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 89% over the same period.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ฿0.052The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿513.0m (up 35% from 3Q 2019). Net income: ฿43.1m (up ฿90.7m from 3Q 2019). Profit margin: 8.4% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Nov 04New 90-day high: ฿3.12The company is up 25% from its price of ฿2.50 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. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Stars Microelectronics (Thailand) は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:SMT - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20262,205-93-101-27N/A12/31/20252,047-601589N/A9/30/20252,069-101114169N/A6/30/20252,009-1315197N/A3/31/20252,044-15080124N/A12/31/20242,113-164100153N/A9/30/20242,032-119143191N/A6/30/20242,24642290356N/A3/31/20242,477190472538N/A12/31/20232,615235450512N/A9/30/20232,841314555614N/A6/30/20232,944335584626N/A3/31/20232,909320520559N/A12/31/20222,849304493527N/A9/30/20222,592277292333N/A6/30/20222,322231166201N/A3/31/20222,245215152195N/A12/31/20212,201210198242N/A9/30/20212,227196309352N/A6/30/20212,190182286333N/A3/31/20212,076163221295N/A12/31/20201,92381184286N/A9/30/20201,83629143267N/A6/30/20201,708-61152287N/A3/31/20201,695-89141274N/A12/31/20191,794-39N/A259N/A9/30/20191,89111N/A207N/A6/30/20191,97480N/A240N/A3/31/20191,89083N/A262N/A12/31/20181,79170N/A270N/A9/30/20181,679-308N/A330N/A6/30/20181,669-336N/A389N/A3/31/20181,742-579N/A405N/A12/31/20171,879-546N/A407N/A9/30/20172,168-288N/A408N/A6/30/20172,379-248N/A456N/A3/31/20172,84614N/A401N/A12/31/20163,54113N/A405N/A9/30/20164,470117N/A280N/A6/30/20165,52931N/A28N/A3/31/20166,359-14N/A182N/A12/31/20157,617-55N/A-342N/A9/30/20158,446-92N/A-240N/A6/30/20158,971-106N/A-115N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SMTの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: SMTの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: SMTの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: SMTの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: SMTの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SMTの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/15 08:24終値2026/05/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Stars Microelectronics (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。6 アナリスト機関Wikij TirawannaratBualuang Securities PCLWorrapong TuntiwutthipongKrungsri Securities Public Company LimitedAungkana TatiyakaveeTTB Wealth Securities Public Company Limited3 その他のアナリストを表示
Price Target Changed • Apr 27Price target decreased to ฿7.20Down from ฿8.40, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ฿5.05. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.25 last year.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.014 (vs ฿0.052 in 1Q 2025)First quarter 2026 results: EPS: ฿0.014 (down from ฿0.052 in 1Q 2025). Revenue: ฿602.0m (up 35% from 1Q 2025). Net income: ฿11.2m (down 75% from 1Q 2025). Profit margin: 1.9% (down from 9.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 21 May 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (0.4%).
New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (฿1.30b market cap, or US$40.4m).
Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.07 loss per share (vs ฿0.19 loss in FY 2024)Full year 2025 results: ฿0.07 loss per share (improved from ฿0.19 loss in FY 2024). Revenue: ฿2.17b (up 2.8% from FY 2024). Net loss: ฿60.1m (loss narrowed 63% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
Declared Dividend • Mar 01Dividend reduced to ฿0.03Dividend of ฿0.03 is 25% lower than last year. Ex-date: 30th April 2026 Payment date: 21st May 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (222% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments.
お知らせ • Feb 27+ 1 more updateStars Microelectronics (Thailand) Public Company Limited announces Annual dividend, payable on May 21, 2026Stars Microelectronics (Thailand) Public Company Limited announced Annual dividend of THB 0.0300 per share payable on May 21, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.
New Risk • Nov 14New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 3.5% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (฿959.9m market cap, or US$29.7m).
Reported Earnings • Nov 08Third quarter 2025 earnings released: ฿0.06 loss per share (vs ฿0.093 loss in 3Q 2024)Third quarter 2025 results: ฿0.06 loss per share (improved from ฿0.093 loss in 3Q 2024). Revenue: ฿564.3m (up 14% from 3Q 2024). Net loss: ฿48.2m (loss narrowed 39% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 08Second quarter 2025 earnings released: ฿0.055 loss per share (vs ฿0.075 loss in 2Q 2024)Second quarter 2025 results: ฿0.055 loss per share (improved from ฿0.075 loss in 2Q 2024). Revenue: ฿460.9m (down 5.8% from 2Q 2024). Net loss: ฿45.0m (loss narrowed 29% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
New Risk • Jun 20New 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 11% 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 (11% average weekly change). Earnings have declined by 4.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿919.2m market cap, or US$28.0m).
Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.034 in 1Q 2024)First quarter 2025 results: EPS: ฿0.05 (up from ฿0.034 in 1Q 2024). Revenue: ฿543.5m (up 5.4% from 1Q 2024). Net income: ฿43.7m (up 52% from 1Q 2024). Profit margin: 8.0% (up from 5.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.
New Risk • May 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 9.9% 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 Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (฿1.22b market cap, or US$37.0m).
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 20 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (1.3%).
Reported Earnings • Feb 21Full year 2024 earnings released: ฿0.19 loss per share (vs ฿0.28 profit in FY 2023)Full year 2024 results: ฿0.19 loss per share (down from ฿0.28 profit in FY 2023). Revenue: ฿2.12b (down 19% from FY 2023). Net loss: ฿164.5m (down 170% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 21Stars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 24, 2025Stars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: at magic 2 room, 2nd floor, miracle, grand convention hotel, viphavadee road, laksi, donmuang, bangkok Thailand
お知らせ • Feb 20Stars Microelectronics (Thailand) Public Company Limited Proposes Dividend for the Year Ended December 31, 2024, Payable on 20 May 2025Stars Microelectronics (Thailand) Public Company Limited announced that at its board meeting held on 20 February 2025, had approved the dividend payment for the year 2024 and convened the Annual General Meeting of shareholders of year 2025. The meeting adopted the following resolution as follows: Resolved to approve the dividend payment from the unappropriated retain earning at December 31, 2024 of THB 0.04 per share payable from retain earning under BOI privilege which are tax exempt of THB 0.04 per share for the total amount not exceeding of THB 32,816,271. Determining the shareholder entitled to receive the dividends on 2 May 2025 (Record date) and the dividend payment will be made on 20 May 2025 However, this matter shall be submitted to the Annual General Meeting of shareholders for fiscal year 2025 for approval.
Buy Or Sell Opportunity • Jan 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 31% to ฿1.39. The fair value is estimated to be ฿1.79, 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. Meanwhile, the company became loss making.
Reported Earnings • Nov 13Third quarter 2024 earnings released: ฿0.09 loss per share (vs ฿0.097 profit in 3Q 2023)Third quarter 2024 results: ฿0.09 loss per share (down from ฿0.097 profit in 3Q 2023). Revenue: ฿499.2m (down 30% from 3Q 2023). Net loss: ฿78.5m (down 196% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Oct 10Now 20% overvaluedOver the last 90 days, the stock has fallen 21% to ฿2.10. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.
Buy Or Sell Opportunity • Sep 24Now 22% overvaluedOver the last 90 days, the stock has fallen 31% to ฿2.14. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.
Buy Or Sell Opportunity • Sep 05Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to ฿2.14. The fair value is estimated to be ฿1.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment improves as stock rises 34%After last week's 34% share price gain to ฿2.08, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 21x in the Electronic industry in Thailand. Total loss to shareholders of 65% over the past three years.
Buy Or Sell Opportunity • Aug 13Now 33% undervalued after recent price dropOver the last 90 days, the stock has fallen 54% to ฿1.17. The fair value is estimated to be ฿1.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat.
Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.07 loss per share (vs ฿0.10 profit in 2Q 2023)Second quarter 2024 results: ฿0.07 loss per share (down from ฿0.10 profit in 2Q 2023). Revenue: ฿496.2m (down 31% from 2Q 2023). Net loss: ฿63.2m (down 174% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.77, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 17x in the Electronic industry in Thailand. Total loss to shareholders of 72% over the past three years.
New Risk • Jul 19New 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 6.9% 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 (6.9% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (฿1.99b market cap, or US$54.8m).
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿2.16, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 67% over the past three years.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.58, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 60% over the past three years.
お知らせ • May 30Stars Microelectronics (Thailand) Public Company Limited Appoints Miss Jiratha Lamsomwang as Chief AccountantStars Microelectronics (Thailand) Public Company Limited appointed Miss Jiratha Lamsomwang as Chief Accountant, effective from May 1, 2024.
New Risk • May 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (฿2.30b market cap, or US$62.4m).
Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.087 in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (down from ฿0.087 in 1Q 2023). Revenue: ฿518.0m (down 21% from 1Q 2023). Net income: ฿28.8m (down 61% from 1Q 2023). Profit margin: 5.6% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 07Upcoming dividend of ฿0.07 per shareEligible shareholders must have bought the stock before 14 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (1.2%).
お知らせ • Apr 27Stars Microelectronics (Thailand) Public Company Limited Approves Dividend for the Period from January 1, 2023 to December 31, 2023Stars Microelectronics (Thailand) Public Company Limited at its AGM held on April 25, 2024 approved the allocation of net profit as legal reserves for the amount of THB 11,400,000 and approved omitting the dividend payment from the operating result of year 2023 period of January 1, 2023 to December 31, 2023 of THB 0.07 per share which are tax exempt of THB 0.07 per share and payable from Non-BOI of THB 0 per share.
Valuation Update With 7 Day Price Move • Feb 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 33% over the past three years.
Declared Dividend • Feb 25Dividend increased to ฿0.07Dividend of ฿0.07 is 17% higher than last year. Ex-date: 14th May 2024 Payment date: 21st May 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 29% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.28 (down from ฿0.36 in FY 2022). Revenue: ฿2.65b (down 7.1% from FY 2022). Net income: ฿235.3m (down 23% from FY 2022). Profit margin: 8.9% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Feb 23+ 1 more updateStars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 25, 2024Stars Microelectronics (Thailand) Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Location: Magic 2 Room, 2nd floor, Miracle Grand Convention Hote Viphavadee Road, Laksi Bangkok Thailand Agenda: To consider adoption of Minutes of the Extraordinary General Meeting of Shareholders No.1 / 2023; to approve of the Company's performance of the year 2023; to consider and approve the statement of financial position and income statement for the year ended on 31 December 2023 and the report of the auditor; and to consider other matters.
Buy Or Sell Opportunity • Feb 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to ฿3.28. The fair value is estimated to be ฿4.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 3.0% in the next 2 years.
New Risk • Nov 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.49b (US$97.0m) 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (฿3.49b market cap, or US$97.0m).
Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.12 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.10 (down from ฿0.12 in 3Q 2022). Revenue: ฿713.6m (down 12% from 3Q 2022). Net income: ฿82.1m (down 20% from 3Q 2022). Profit margin: 12% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿5.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electronic industry in Thailand. Total returns to shareholders of 116% over the past three years.
New Risk • Aug 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.085 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.10 (up from ฿0.085 in 2Q 2022). Revenue: ฿724.4m (up 5.7% from 2Q 2022). Net income: ฿85.3m (up 20% from 2Q 2022). Profit margin: 12% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.50b (US$98.5m) 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. This is currently the only risk that has been identified for the company.
Reported Earnings • May 09First quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.068 in 1Q 2022)First quarter 2023 results: EPS: ฿0.09. Revenue: ฿665.1k (down 100% from 1Q 2022). Net income: ฿73.8k (down 100% from 1Q 2022). Profit margin: 11% (up from 9.6% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.
Upcoming Dividend • May 02Upcoming dividend of ฿0.06 per share at 1.5% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.1%).
お知らせ • Jan 06Stars Microelectronics (Thailand) Public Company Limited Announces Executive ChangesStars Microelectronics (Thailand) Public Company Limited announced termination of Chotisak Promwas as Chief Finance Officer effective from 6 January 2023. The company appointed Mr. Chaiyot Thaveeratitham as Chief Finance Officer, effective from 6 January 2023.
Board Change • Nov 16Less 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. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Company Secretary & Executive Director Yunyong Sawasdi 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ฿0.12 (vs ฿0.068 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.12 (up from ฿0.068 in 3Q 2021). Revenue: ฿850.3m (up 57% from 3Q 2021). Net income: ฿102.8m (up 81% from 3Q 2021). Profit margin: 12% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.067 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.09 (up from ฿0.067 in 2Q 2021). Revenue: ฿693.1m (up 14% from 2Q 2021). Net income: ฿71.1m (up 28% from 2Q 2021). Profit margin: 10% (up from 9.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 34%, compared to a 81% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.07 (up from ฿0.061 in 1Q 2021). Revenue: ฿600.9m (up 9.7% from 1Q 2021). Net income: ฿56.8m (up 11% from 1Q 2021). Profit margin: 9.5% (in line with 1Q 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 34%, compared to a 107% growth forecast for the industry in Thailand. 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 38% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.07 (up from ฿0.061 in 1Q 2021). Revenue: ฿600.9m (up 9.7% from 1Q 2021). Net income: ฿56.8m (up 11% from 1Q 2021). Profit margin: 9.5% (in line with 1Q 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 34%, compared to a 107% growth forecast for the industry in Thailand. 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 38% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 28Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 27 May 2022. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (1.4%).
Price Target Changed • Apr 27Price target decreased to ฿7.20Down from ฿8.40, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ฿5.05. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.25 last year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Company Secretary & Executive Director Yunyong Sawasdi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 20Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.25 (up from ฿0.097 in FY 2020). Revenue: ฿2.23b (up 16% from FY 2020). Net income: ฿209.7m (up 158% from FY 2020). Profit margin: 9.4% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 36%, compared to a 84% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿5.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electronic industry in Thailand. Total returns to shareholders of 162% over the past three years.
Buying Opportunity • Jan 21Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be ฿6.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% per annum over the last 3 years. The company has become profitable over the last 3 years.
Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS ฿0.07 (vs ฿0.052 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿549.4m (up 8.5% from 3Q 2020). Net income: ฿56.7m (up 31% from 3Q 2020). Profit margin: 10% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 06Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿615.9m (up 24% from 2Q 2020). Net income: ฿55.7m (up 52% from 2Q 2020). Profit margin: 9.0% (up from 7.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improved over the past weekAfter last week's 35% share price gain to ฿6.95, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 31x in the Electronic industry in Thailand. Total returns to shareholders of 163% over the past three years.
Reported Earnings • May 10First quarter 2021 earnings released: EPS ฿0.061 (vs ฿0.037 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿556.0m (up 41% from 1Q 2020). Net income: ฿51.3m (up ฿82.0m from 1Q 2020). Profit margin: 9.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿4.16, the stock is trading at a trailing P/E ratio of 42.8x, down from the previous P/E ratio of 51x. This compares to an average P/E of 22x in the Electronic industry in Thailand. Total returns to shareholders over the past three years are 49%.
Reported Earnings • Feb 20Full year 2020 earnings released: EPS ฿0.097 (vs ฿0.047 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.95b (up 8.4% from FY 2019). Net income: ฿81.4m (up ฿120.8m from FY 2019). Profit margin: 4.2% (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 increased by 102% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 07New 90-day high: ฿3.34The company is up 9.0% from its price of ฿3.06 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 122% over the same period.
Is New 90 Day High Low • Dec 21New 90-day low: ฿2.54The company is down 18% from its price of ฿3.10 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 89% over the same period.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS ฿0.052The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿513.0m (up 35% from 3Q 2019). Net income: ฿43.1m (up ฿90.7m from 3Q 2019). Profit margin: 8.4% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Nov 04New 90-day high: ฿3.12The company is up 25% from its price of ฿2.50 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.