View Future GrowthInterlink Telecom 過去の業績過去 基準チェック /06Interlink Telecomの収益は年間平均-16.9%の割合で減少していますが、 Telecom業界の収益は年間 増加しています。収益は年間6.9% 2.8%割合で 増加しています。主要情報-16.94%収益成長率-21.43%EPS成長率Telecom 業界の成長14.21%収益成長率2.80%株主資本利益率-3.82%ネット・マージン-6.28%次回の業績アップデート27 May 2026最近の業績更新Reported Earnings • May 15First quarter 2026 earnings released: EPS: ฿0.02 (vs ฿0.02 in 1Q 2025)First quarter 2026 results: EPS: ฿0.02 (in line with 1Q 2025). Revenue: ฿667.9m (down 17% from 1Q 2025). Net income: ฿32.6m (up 17% from 1Q 2025). Profit margin: 4.9% (up from 3.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 27Full year 2025 earnings released: ฿0.13 loss per share (vs ฿0.22 profit in FY 2024)Full year 2025 results: ฿0.13 loss per share (down from ฿0.22 profit in FY 2024). Revenue: ฿2.87b (up 7.9% from FY 2024). Net loss: ฿176.2m (down 158% from profit in FY 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 13Third quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.03 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿712.1m (up 12% from 3Q 2024). Net loss: ฿40.3m (down 225% from profit in 3Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿662.9m (up 16% from 2Q 2024). Net income: ฿3.29m (down 85% from 2Q 2024). Profit margin: 0.5% (down from 3.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ฿0.22 (up from ฿0.20 in FY 2023). Revenue: ฿2.66b (down 3.7% from FY 2023). Net income: ฿304.0m (up 12% from FY 2023). Profit margin: 11% (up from 9.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 14Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 3Q 2023). Revenue: ฿637.1m (down 16% from 3Q 2023). Net income: ฿32.3m (down 53% from 3Q 2023). Profit margin: 5.1% (down from 9.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesReported Earnings • May 15First quarter 2026 earnings released: EPS: ฿0.02 (vs ฿0.02 in 1Q 2025)First quarter 2026 results: EPS: ฿0.02 (in line with 1Q 2025). Revenue: ฿667.9m (down 17% from 1Q 2025). Net income: ฿32.6m (up 17% from 1Q 2025). Profit margin: 4.9% (up from 3.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Price Target Changed • Mar 10Price target decreased by 38% to ฿1.30Down from ฿2.10, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of ฿1.20. Stock is down 22% over the past year. The company is forecast to post earnings per share of ฿0.06 next year compared to a net loss per share of ฿0.13 last year.Reported Earnings • Feb 27Full year 2025 earnings released: ฿0.13 loss per share (vs ฿0.22 profit in FY 2024)Full year 2025 results: ฿0.13 loss per share (down from ฿0.22 profit in FY 2024). Revenue: ฿2.87b (up 7.9% from FY 2024). Net loss: ฿176.2m (down 158% from profit in FY 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.お知らせ • Feb 26+ 1 more updateInterlink Telecom Public Company Limited Announces Board and Committee Changes, Effective from February 25Th, 2026Interlink Telecom Public Company Limited at its board meeting held on 24 February 2026 appointed Air Chief Marshal Prajin Juntong as the Independent Director, Audit Committee, Chairman of the Risk Management Committee, Nomination and Remuneration Committee, and Corporate Governance Committee, effective from February 25th, 2026.お知らせ • Jan 16Interra Resources Limited Announces Resignation of General Ponpipaat Benyasri as Independent Director, Audit Committee Member, and Chairman of Risk Management, Corporate Governance, and Nomination and Remuneration Committees, Effective January 12, 2026Interra Resources Limited announced that General Ponpipaat Benyasri resigned from his positions due to increased responsible engagement. General Ponpipaat Benyasri served as Independent Director from July 13, 2023, until his resignation effective January 12, 2026. He was a member of the Audit Committee with the same term as his Independent Director role, from July 13, 2023, to January 12, 2026. He was the Chairman of the Risk Management Committee, Corporate Governance Committee, and Nomination and Remuneration Committee, with his term expiring on January 12, 2026. The date of the board's resolution was January 16, 2026.New Risk • Jan 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (฿2.78b market cap, or US$88.5m).Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.72 per share.Major Estimate Revision • Nov 29Consensus EPS estimates fall by 45%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ฿2.57b to ฿2.82b. EPS estimate fell from ฿0.11 to ฿0.06 per share. Net income forecast to grow 28% next year vs 13% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿2.07 to ฿1.81. Share price rose 6.1% to ฿1.21 over the past week.Reported Earnings • Nov 13Third quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.03 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿712.1m (up 12% from 3Q 2024). Net loss: ฿40.3m (down 225% from profit in 3Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 06Interlink Telecom Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 1.01108 billion.Interlink Telecom Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 1.01108 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 628,000,000 Price\Range: THB 1.61 Transaction Features: Subsequent Direct ListingNew Risk • Sep 24New 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 7.0% 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: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (฿1.96b market cap, or US$61.4m).Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿662.9m (up 16% from 2Q 2024). Net income: ฿3.29m (down 85% from 2Q 2024). Profit margin: 0.5% (down from 3.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Jun 21Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ฿0.11 to ฿0.135. Revenue forecast unchanged at ฿2.69b. Net income forecast to shrink 3.3% next year vs 12% growth forecast for Telecom industry in Thailand . Consensus price target of ฿2.32 unchanged from last update. Share price fell 5.0% to ฿1.13 over the past week.New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.6% 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: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). 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 (7.6% net profit margin). Market cap is less than US$100m (฿1.79b market cap, or US$53.5m).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Telecom industry in Asia. Total loss to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.01 per share.Major Estimate Revision • Mar 11Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.81b to ฿2.69b. EPS estimate also fell from ฿0.16 per share to ฿0.135 per share. Net income forecast to shrink 36% next year vs 10% growth forecast for Telecom industry in Thailand . Consensus price target down from ฿2.65 to ฿2.45. Share price was steady at ฿1.53 over the past week.Buy Or Sell Opportunity • Mar 03Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to ฿1.51. The fair value is estimated to be ฿1.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period.お知らせ • Feb 27Interlink Telecom Public Company Limited Proposes to Omit Dividend Payment for the Year 2024Interlink Telecom Public Company Limited Board of Directors at its meeting, held on 25 February 2025, passed the resolution for 2025 AGM to approve the omitted dividend payment for the year 2024 due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand, and create strong business growth.Reported Earnings • Feb 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ฿0.22 (up from ฿0.20 in FY 2023). Revenue: ฿2.66b (down 3.7% from FY 2023). Net income: ฿304.0m (up 12% from FY 2023). Profit margin: 11% (up from 9.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 26Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2025Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2025, at 09:00 SE Asia Standard Time. Location: grand suvarnabhumi, no. 48 interlink building, ratchadapisek road, samsennok, huay khwang, bangkok, ThailandNew Risk • Feb 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (฿2.07b market cap, or US$61.1m).お知らせ • Jan 16Interlink Telecom Public Company Limited (SET:ITEL) announces an Equity Buyback for 130,000,000 shares, representing 9.36% for THB 300 million.Interlink Telecom Public Company Limited (SET:ITEL) announces a share repurchase program. Under the program, the company will repurchase up to 130,000,000 shares, representing 9.36% of its issued share capital, for total worth of THB 300 million. The repurchase price will not exceed the average closing price of 5 working days, prior to each repurchase date plus 115% of such average closing price. The purpose of the share repurchases is to maximize benefit from the company’s excess liquidity management, to increase the return on equity and the earnings per share and to signal to investors on the strong financial position of the company. The program is valid till July 18, 2025. As of March 15, 2024, the company had 1,388,929,573 shares are in issued and outstanding.Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.84 per share.Reported Earnings • Nov 14Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 3Q 2023). Revenue: ฿637.1m (down 16% from 3Q 2023). Net income: ฿32.3m (down 53% from 3Q 2023). Profit margin: 5.1% (down from 9.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Oct 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.2% to ฿2.38. The fair value is estimated to be ฿3.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 1.7% in the next 2 years.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to ฿1.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 55% over the past three years.Major Estimate Revision • Aug 16Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿3.19b to ฿2.75b. EPS estimate fell from ฿0.247 to ฿0.15 per share. Net income forecast to shrink 19% next year vs 8.0% growth forecast for Telecom industry in Thailand . Consensus price target down from ฿3.36 to ฿2.98. Share price fell 26% to ฿1.84 over the past week.New Risk • Aug 13New 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 7.4% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿2.97b market cap, or US$84.6m).Reported Earnings • Aug 10Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 2Q 2023). Revenue: ฿569.4m (down 9.3% from 2Q 2023). Net income: ฿21.4m (down 67% from 2Q 2023). Profit margin: 3.7% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.New Risk • May 27New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change).Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.04 in 1Q 2023)First quarter 2024 results: EPS: ฿0.09 (up from ฿0.04 in 1Q 2023). Revenue: ฿734.1m (up 32% from 1Q 2023). Net income: ฿123.0m (up 113% from 1Q 2023). Profit margin: 17% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Price Target Changed • Mar 19Price target decreased by 14% to ฿3.22Down from ฿3.75, the current price target is an average from 3 analysts. New target price is 23% above last closing price of ฿2.62. Stock is down 21% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.20 last year.Declared Dividend • Feb 29Dividend increased to ฿0.07Dividend of ฿0.07 is 9.6% higher than last year. Ex-date: 7th May 2024 Payment date: 23rd May 2024 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 28Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2024Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2024, at 09:00 SE Asia Standard Time. Location: Grand Suvarnabhumi, No. 48 Interlink Building Ratchadapisek Road, Huay Khwang Bangkok Thailand Agenda: To Consider for the approval of Minute of Annual General Meeting of Shareholders for the year 2023, held on 27 April 2023; to consider acknowledge of 2023 operation results; to consider for the approval of the financial statements for the year ended 31 December 2023; to Consider for the approval of 2023 Net Profits' allocation; to Consider for the approval of directors' remuneration of 2024; and to consider other related matters (if any).Reported Earnings • Feb 28Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ฿0.20 (up from ฿0.19 in FY 2022). Revenue: ฿2.76b (down 20% from FY 2022). Net income: ฿272.1m (up 8.1% from FY 2022). Profit margin: 9.9% (up from 7.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Feb 28Interlink Telecom Public Company Limited Proposes Dividend from 2023, Payable on 23 May 2024Interlink Telecom Public Company Limited announced at the AGM to be held on April 24, 2024, proposed dividend payment to shareholders from 2023 operational results. The dividend will be paid at the rate of THB 0.0696 equal to dividend payment amount not exceeded THB 96.67 million. The dividend payment is subjected to tax deduced at source according to regulation. The list of shareholders whose entitle to receive the dividend will be determined on 8 May 2024 and the dividend will be paid on 23 May 2024. Ex-dividend date is May 7, 2024.お知らせ • Jan 20Interlink Telecom Public Company Limited Announces Board ChangesInterlink Telecom Public Company Limited informed that Mr. Chavalit Chookajorn has submitted his resignation from the Independent Director, Audit Committee, Chairman of and Corporate Governance Committee, Risk Management Committee, and Nomination and Remuneration Committee of theCompany due to the increasing of responsible engagement. The resignation will be effective from January 19, 2024.Reported Earnings • Nov 08Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2023 results: EPS: ฿0.05 (up from ฿0.04 in 3Q 2022). Revenue: ฿753.7m (down 2.3% from 3Q 2022). Net income: ฿68.4m (up 27% from 3Q 2022). Profit margin: 9.1% (up from 7.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Telecom industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Major Estimate Revision • Oct 23Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿3.35b to ฿2.85b. EPS estimate fell from ฿0.21 to ฿0.19 per share. Net income forecast to grow 21% next year vs 12% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿3.75 to ฿3.50. Share price fell 8.5% to ฿2.14 over the past week.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.05 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.05 (in line with 2Q 2022). Revenue: ฿628.0m (down 27% from 2Q 2022). Net income: ฿64.4m (down 2.9% from 2Q 2022). Profit margin: 10% (up from 7.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Jul 14Interlink Telecom Public Company Limited Announces Executive AppointmentInterlink Telecom Public Company Limited informed that the Board of Directors' Meeting No. 4/2566, held on July 12, 2023 has resolved with the recommendation from the Nomination and Remuneration Committee to approve an appointment of Gen. Ponpipaat Benyasri as the Independent Director, Audit Committee, Chairman of Risk Management Committee, Nomination and Remuneration Committee, and Corporate Governance Committee of the Company with an effect from July 13, 2023 onwards. At present, the Risk Management Committee, the Corporate Governance Committee, and the Nomination and Remuneration Committee of the Company consist of the following members: Risk Management Committee: 1. Gen. Ponpipaat Benyasri - Chairman of Risk Management Committee; 2. Mr. Chavalit Chookajorn - Member of Risk Management Committee; 3. Mr. Nuttanai Anuntarumporn Member of Risk Management Committee; 4. Mr. Suwichan Nilanan - Member of Risk Management Committee; 5. Mr. Suwat Punnachaiya - Member of Risk Management Committee. Corporate Governance Committee: 1. Mr. Chavalit Chookajorn - Chairman of Corporate Governance Committee; 2. Gen. Ponpipaat Benyasri - Member of Corporate Governance Committee; 3. Dr. Chalida Anuntarumporn - Member of Corporate Governance Committee; 4. Dr. Lillada Anuntarumporn - Member of Corporate Governance Committee. Nomination and Remuneration Committee: 1. Mr. Suwat Punnachaiya - Chairman of Nomination and Remuneration Committee; 2. Gen. Ponpipaat Benyasri - Member of Nomination and Remuneration Committee; 3. Mr. Chavalit Chookajorn - Member of Nomination and Remuneration Committee; 4. Ms. Varisa Anuntarumporn - Member of Nomination and Remuneration Committee; 5. Mr. Suwichan Nilanan - Member of Nomination and Remuneration Committee.Price Target Changed • Jul 08Price target decreased by 25% to ฿3.46Down from ฿4.64, the current price target is an average from 2 analysts. New target price is 50% above last closing price of ฿2.30. Stock is down 46% over the past year. The company is forecast to post earnings per share of ฿0.21 for next year compared to ฿0.19 last year.お知らせ • Jul 04Interlink Telecom Public Company Limited Announces Resignation of Suchat Muankaew as Independent Director and CommitteesInterlink Telecom Public Company Limited announced that Pol.Lt.Gen. Suchat Muankaew has submitted his resignation from the Independent Director, Audit Committee, Chairman of Risk Management Committee, Nomination and Remuneration Committee, and Corporate Governance Committee of the Company due to the increasing of responsible engagement. The resignation will be effective from July 1, 2023.New Risk • Jun 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.39b (US$96.2m) 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: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Market cap is less than US$100m (฿3.39b market cap, or US$96.2m).Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.44, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Telecom industry in Asia. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.63 per share.Price Target Changed • May 10Price target increased by 39% to ฿6.43Up from ฿4.64, the current price target is an average from 3 analysts. New target price is 109% above last closing price of ฿3.08. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.21 for next year compared to ฿0.19 last year.Upcoming Dividend • May 03Upcoming dividend of ฿0.064 per share at 2.1% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 26 May 2023. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (1.2%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Kesara Manchusree was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.04 (vs ฿0.06 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.04 (down from ฿0.06 in 3Q 2021). Revenue: ฿771.8m (up 46% from 3Q 2021). Net income: ฿53.9m (down 16% from 3Q 2021). Profit margin: 7.0% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.Major Estimate Revision • Oct 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.24 to ฿0.18 per share. Revenue forecast steady at ฿3.26b. Net income forecast to grow 18% next year vs 9.4% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿5.95 to ฿5.25. Share price fell 2.7% to ฿3.58 over the past week.Major Estimate Revision • Sep 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.20 to ฿0.24. Revenue forecast unchanged at ฿3.27b. Net income forecast to grow 37% next year vs 8.7% growth forecast for Telecom industry in Thailand. Consensus price target of ฿5.95 unchanged from last update. Share price fell 4.9% to ฿4.28 over the past week.Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.05 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.05 (vs ฿0.05 in 2Q 2021). Revenue: ฿854.5m (up 89% from 2Q 2021). Net income: ฿66.3m (up 41% from 2Q 2021). Profit margin: 7.8% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 3.9% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.22 to ฿0.17 per share. Revenue forecast steady at ฿3.27b. Net income forecast to grow 40% next year vs 9.7% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿7.50 to ฿6.50. Share price was steady at ฿4.46 over the past week.Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿5.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 55% in 2 years. Earnings is forecast to grow by 85% in the next 2 years.Price Target Changed • Apr 27Price target increased to ฿6.90Up from ฿4.38, the current price target is an average from 2 analysts. New target price is 17% above last closing price of ฿5.90. Stock is up 47% over the past year. The company is forecast to post earnings per share of ฿0.25 for next year compared to ฿0.23 last year.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. 3 experienced directors. 8 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Kesara Manchusree was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 24Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.23 (up from ฿0.18 in FY 2020). Revenue: ฿2.51b (up 23% from FY 2020). Net income: ฿250.8m (up 37% from FY 2020). Profit margin: 10.0% (up from 9.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Over the next year, revenue is forecast to grow 33%, compared to a 4.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS ฿0.06 (vs ฿0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿530.2m (up 11% from 3Q 2020). Net income: ฿63.7m (up 28% from 3Q 2020). Profit margin: 12% (up from 11% 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 11% per year whereas the company’s share price has increased by 15% per year.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to ฿4.28, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 41% over the past three years.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.06 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿452.8m (up 2.0% from 2Q 2020). Net income: ฿47.1m (down 19% from 2Q 2020). Profit margin: 10% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿5.20, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Telecom industry in Asia. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿9.17 per share.Price Target Changed • Jun 09Price target increased to ฿4.91Up from ฿4.38, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ฿4.44. Stock is up 76% over the past year.Price Target Changed • May 24Price target increased to ฿4.38Up from ฿3.70, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿3.76. Stock is up 54% over the past year.Price Target Changed • May 15Price target increased to ฿4.38Up from ฿3.70, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿3.76. Stock is up 76% over the past year.Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.04 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿511.3m (up 11% from 1Q 2020). Net income: ฿45.9m (up 14% from 1Q 2020). Profit margin: 9.0% (up from 8.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Telecom industry in Asia. Total returns to shareholders of 8.5% over the past three years.Is New 90 Day High Low • Mar 12New 90-day high: ฿3.36The company is up 18% from its price of ฿2.84 on 09 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is flat over the same period.Reported Earnings • Feb 26Full year 2020 earnings released: EPS ฿0.18 (vs ฿0.18 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿2.06b (down 12% from FY 2019). Net income: ฿183.7m (up 1.5% from FY 2019). Profit margin: 8.9% (up from 7.7% in FY 2019). The increase in margin was driven by lower expenses. 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 15% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 26Revenue and earnings miss expectationsRevenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 16%, compared to a 7.9% growth forecast for the Telecom industry in Thailand.Is New 90 Day High Low • Feb 04New 90-day high: ฿3.34The company is up 11% from its price of ฿3.02 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 12% over the same period.Is New 90 Day High Low • Jan 20New 90-day high: ฿3.16The company is up 7.0% from its price of ฿2.96 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 22% over the same period.Is New 90 Day High Low • Dec 30New 90-day low: ฿2.74The company is down 1.0% from its price of ฿2.76 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 20% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.05The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿475.8m (down 37% from 3Q 2019). Net income: ฿50.0m (up 3.2% from 3Q 2019). Profit margin: 11% (up from 6.4% in 3Q 2019). The increase in margin was driven by lower expenses. 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 18% per year, which means it is significantly lagging earnings.収支内訳Interlink Telecom の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:ITEL 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 262,728-171294031 Dec 252,867-176302030 Sep 252,899118240030 Jun 252,824191195031 Mar 252,730209173031 Dec 242,658304159030 Sep 242,762258156030 Jun 242,879294162031 Mar 242,938337153031 Dec 232,760272153030 Sep 233,156267155030 Jun 233,174253145031 Mar 233,401255135031 Dec 223,438252119030 Sep 223,18926988030 Jun 222,94827977031 Mar 222,54625969031 Dec 212,50925171030 Sep 212,20019368030 Jun 212,14517966031 Mar 212,13619064031 Dec 202,04018458030 Sep 201,93019560030 Jun 202,20519358031 Mar 202,35418261031 Dec 192,34718161030 Sep 192,12616866030 Jun 191,79815466031 Mar 191,69914167031 Dec 181,61113362030 Sep 181,73113156030 Jun 181,54612451031 Mar 181,26011543031 Dec 171,08110240030 Sep 179268235030 Jun 178497535031 Mar 178377435031 Dec 168096732030 Sep 166647034030 Jun 166105230031 Mar 165063526031 Dec 1543731240質の高い収益: ITELは現在利益が出ていません。利益率の向上: ITELは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ITELは利益が出ておらず、過去 5 年間で損失は年間16.9%の割合で増加しています。成長の加速: ITELの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: ITELは利益が出ていないため、過去 1 年間の収益成長をTelecom業界 ( 9.7% ) と比較することは困難です。株主資本利益率高いROE: ITELは現在利益が出ていないため、自己資本利益率 ( -3.82% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTelecom 、過去の業績が好調な企業。View Financial Health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2026/05/26 02:58終値2026/05/26 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Interlink Telecom Public Company Limited 2 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。2 アナリスト機関Jitra AmornthumFSS International AdvisoryPhatipak NavawatanaKrungsri Securities Public Company Limited
Reported Earnings • May 15First quarter 2026 earnings released: EPS: ฿0.02 (vs ฿0.02 in 1Q 2025)First quarter 2026 results: EPS: ฿0.02 (in line with 1Q 2025). Revenue: ฿667.9m (down 17% from 1Q 2025). Net income: ฿32.6m (up 17% from 1Q 2025). Profit margin: 4.9% (up from 3.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 27Full year 2025 earnings released: ฿0.13 loss per share (vs ฿0.22 profit in FY 2024)Full year 2025 results: ฿0.13 loss per share (down from ฿0.22 profit in FY 2024). Revenue: ฿2.87b (up 7.9% from FY 2024). Net loss: ฿176.2m (down 158% from profit in FY 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 13Third quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.03 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿712.1m (up 12% from 3Q 2024). Net loss: ฿40.3m (down 225% from profit in 3Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿662.9m (up 16% from 2Q 2024). Net income: ฿3.29m (down 85% from 2Q 2024). Profit margin: 0.5% (down from 3.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ฿0.22 (up from ฿0.20 in FY 2023). Revenue: ฿2.66b (down 3.7% from FY 2023). Net income: ฿304.0m (up 12% from FY 2023). Profit margin: 11% (up from 9.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 14Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 3Q 2023). Revenue: ฿637.1m (down 16% from 3Q 2023). Net income: ฿32.3m (down 53% from 3Q 2023). Profit margin: 5.1% (down from 9.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Reported Earnings • May 15First quarter 2026 earnings released: EPS: ฿0.02 (vs ฿0.02 in 1Q 2025)First quarter 2026 results: EPS: ฿0.02 (in line with 1Q 2025). Revenue: ฿667.9m (down 17% from 1Q 2025). Net income: ฿32.6m (up 17% from 1Q 2025). Profit margin: 4.9% (up from 3.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Price Target Changed • Mar 10Price target decreased by 38% to ฿1.30Down from ฿2.10, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of ฿1.20. Stock is down 22% over the past year. The company is forecast to post earnings per share of ฿0.06 next year compared to a net loss per share of ฿0.13 last year.
Reported Earnings • Feb 27Full year 2025 earnings released: ฿0.13 loss per share (vs ฿0.22 profit in FY 2024)Full year 2025 results: ฿0.13 loss per share (down from ฿0.22 profit in FY 2024). Revenue: ฿2.87b (up 7.9% from FY 2024). Net loss: ฿176.2m (down 158% from profit in FY 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 26+ 1 more updateInterlink Telecom Public Company Limited Announces Board and Committee Changes, Effective from February 25Th, 2026Interlink Telecom Public Company Limited at its board meeting held on 24 February 2026 appointed Air Chief Marshal Prajin Juntong as the Independent Director, Audit Committee, Chairman of the Risk Management Committee, Nomination and Remuneration Committee, and Corporate Governance Committee, effective from February 25th, 2026.
お知らせ • Jan 16Interra Resources Limited Announces Resignation of General Ponpipaat Benyasri as Independent Director, Audit Committee Member, and Chairman of Risk Management, Corporate Governance, and Nomination and Remuneration Committees, Effective January 12, 2026Interra Resources Limited announced that General Ponpipaat Benyasri resigned from his positions due to increased responsible engagement. General Ponpipaat Benyasri served as Independent Director from July 13, 2023, until his resignation effective January 12, 2026. He was a member of the Audit Committee with the same term as his Independent Director role, from July 13, 2023, to January 12, 2026. He was the Chairman of the Risk Management Committee, Corporate Governance Committee, and Nomination and Remuneration Committee, with his term expiring on January 12, 2026. The date of the board's resolution was January 16, 2026.
New Risk • Jan 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (฿2.78b market cap, or US$88.5m).
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.72 per share.
Major Estimate Revision • Nov 29Consensus EPS estimates fall by 45%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ฿2.57b to ฿2.82b. EPS estimate fell from ฿0.11 to ฿0.06 per share. Net income forecast to grow 28% next year vs 13% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿2.07 to ฿1.81. Share price rose 6.1% to ฿1.21 over the past week.
Reported Earnings • Nov 13Third quarter 2025 earnings released: ฿0.03 loss per share (vs ฿0.02 profit in 3Q 2024)Third quarter 2025 results: ฿0.03 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿712.1m (up 12% from 3Q 2024). Net loss: ฿40.3m (down 225% from profit in 3Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 06Interlink Telecom Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 1.01108 billion.Interlink Telecom Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 1.01108 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 628,000,000 Price\Range: THB 1.61 Transaction Features: Subsequent Direct Listing
New Risk • Sep 24New 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 7.0% 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: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (฿1.96b market cap, or US$61.4m).
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: ฿0.01 (down from ฿0.02 in 2Q 2024). Revenue: ฿662.9m (up 16% from 2Q 2024). Net income: ฿3.29m (down 85% from 2Q 2024). Profit margin: 0.5% (down from 3.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Jun 21Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ฿0.11 to ฿0.135. Revenue forecast unchanged at ฿2.69b. Net income forecast to shrink 3.3% next year vs 12% growth forecast for Telecom industry in Thailand . Consensus price target of ฿2.32 unchanged from last update. Share price fell 5.0% to ฿1.13 over the past week.
New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.6% 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: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). 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 (7.6% net profit margin). Market cap is less than US$100m (฿1.79b market cap, or US$53.5m).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Telecom industry in Asia. Total loss to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.01 per share.
Major Estimate Revision • Mar 11Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.81b to ฿2.69b. EPS estimate also fell from ฿0.16 per share to ฿0.135 per share. Net income forecast to shrink 36% next year vs 10% growth forecast for Telecom industry in Thailand . Consensus price target down from ฿2.65 to ฿2.45. Share price was steady at ฿1.53 over the past week.
Buy Or Sell Opportunity • Mar 03Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to ฿1.51. The fair value is estimated to be ฿1.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period.
お知らせ • Feb 27Interlink Telecom Public Company Limited Proposes to Omit Dividend Payment for the Year 2024Interlink Telecom Public Company Limited Board of Directors at its meeting, held on 25 February 2025, passed the resolution for 2025 AGM to approve the omitted dividend payment for the year 2024 due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand, and create strong business growth.
Reported Earnings • Feb 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ฿0.22 (up from ฿0.20 in FY 2023). Revenue: ฿2.66b (down 3.7% from FY 2023). Net income: ฿304.0m (up 12% from FY 2023). Profit margin: 11% (up from 9.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 26Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2025Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2025, at 09:00 SE Asia Standard Time. Location: grand suvarnabhumi, no. 48 interlink building, ratchadapisek road, samsennok, huay khwang, bangkok, Thailand
New Risk • Feb 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (฿2.07b market cap, or US$61.1m).
お知らせ • Jan 16Interlink Telecom Public Company Limited (SET:ITEL) announces an Equity Buyback for 130,000,000 shares, representing 9.36% for THB 300 million.Interlink Telecom Public Company Limited (SET:ITEL) announces a share repurchase program. Under the program, the company will repurchase up to 130,000,000 shares, representing 9.36% of its issued share capital, for total worth of THB 300 million. The repurchase price will not exceed the average closing price of 5 working days, prior to each repurchase date plus 115% of such average closing price. The purpose of the share repurchases is to maximize benefit from the company’s excess liquidity management, to increase the return on equity and the earnings per share and to signal to investors on the strong financial position of the company. The program is valid till July 18, 2025. As of March 15, 2024, the company had 1,388,929,573 shares are in issued and outstanding.
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.84 per share.
Reported Earnings • Nov 14Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 3Q 2023). Revenue: ฿637.1m (down 16% from 3Q 2023). Net income: ฿32.3m (down 53% from 3Q 2023). Profit margin: 5.1% (down from 9.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Oct 18Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.2% to ฿2.38. The fair value is estimated to be ฿3.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 1.7% in the next 2 years.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to ฿1.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 55% over the past three years.
Major Estimate Revision • Aug 16Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿3.19b to ฿2.75b. EPS estimate fell from ฿0.247 to ฿0.15 per share. Net income forecast to shrink 19% next year vs 8.0% growth forecast for Telecom industry in Thailand . Consensus price target down from ฿3.36 to ฿2.98. Share price fell 26% to ฿1.84 over the past week.
New Risk • Aug 13New 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 7.4% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿2.97b market cap, or US$84.6m).
Reported Earnings • Aug 10Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: ฿0.02 (down from ฿0.05 in 2Q 2023). Revenue: ฿569.4m (down 9.3% from 2Q 2023). Net income: ฿21.4m (down 67% from 2Q 2023). Profit margin: 3.7% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
New Risk • May 27New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change).
Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.04 in 1Q 2023)First quarter 2024 results: EPS: ฿0.09 (up from ฿0.04 in 1Q 2023). Revenue: ฿734.1m (up 32% from 1Q 2023). Net income: ฿123.0m (up 113% from 1Q 2023). Profit margin: 17% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Price Target Changed • Mar 19Price target decreased by 14% to ฿3.22Down from ฿3.75, the current price target is an average from 3 analysts. New target price is 23% above last closing price of ฿2.62. Stock is down 21% over the past year. The company is forecast to post earnings per share of ฿0.24 for next year compared to ฿0.20 last year.
Declared Dividend • Feb 29Dividend increased to ฿0.07Dividend of ฿0.07 is 9.6% higher than last year. Ex-date: 7th May 2024 Payment date: 23rd May 2024 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 28Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2024Interlink Telecom Public Company Limited, Annual General Meeting, Apr 24, 2024, at 09:00 SE Asia Standard Time. Location: Grand Suvarnabhumi, No. 48 Interlink Building Ratchadapisek Road, Huay Khwang Bangkok Thailand Agenda: To Consider for the approval of Minute of Annual General Meeting of Shareholders for the year 2023, held on 27 April 2023; to consider acknowledge of 2023 operation results; to consider for the approval of the financial statements for the year ended 31 December 2023; to Consider for the approval of 2023 Net Profits' allocation; to Consider for the approval of directors' remuneration of 2024; and to consider other related matters (if any).
Reported Earnings • Feb 28Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ฿0.20 (up from ฿0.19 in FY 2022). Revenue: ฿2.76b (down 20% from FY 2022). Net income: ฿272.1m (up 8.1% from FY 2022). Profit margin: 9.9% (up from 7.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Feb 28Interlink Telecom Public Company Limited Proposes Dividend from 2023, Payable on 23 May 2024Interlink Telecom Public Company Limited announced at the AGM to be held on April 24, 2024, proposed dividend payment to shareholders from 2023 operational results. The dividend will be paid at the rate of THB 0.0696 equal to dividend payment amount not exceeded THB 96.67 million. The dividend payment is subjected to tax deduced at source according to regulation. The list of shareholders whose entitle to receive the dividend will be determined on 8 May 2024 and the dividend will be paid on 23 May 2024. Ex-dividend date is May 7, 2024.
お知らせ • Jan 20Interlink Telecom Public Company Limited Announces Board ChangesInterlink Telecom Public Company Limited informed that Mr. Chavalit Chookajorn has submitted his resignation from the Independent Director, Audit Committee, Chairman of and Corporate Governance Committee, Risk Management Committee, and Nomination and Remuneration Committee of theCompany due to the increasing of responsible engagement. The resignation will be effective from January 19, 2024.
Reported Earnings • Nov 08Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2023 results: EPS: ฿0.05 (up from ฿0.04 in 3Q 2022). Revenue: ฿753.7m (down 2.3% from 3Q 2022). Net income: ฿68.4m (up 27% from 3Q 2022). Profit margin: 9.1% (up from 7.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Telecom industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Oct 23Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿3.35b to ฿2.85b. EPS estimate fell from ฿0.21 to ฿0.19 per share. Net income forecast to grow 21% next year vs 12% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿3.75 to ฿3.50. Share price fell 8.5% to ฿2.14 over the past week.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.05 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.05 (in line with 2Q 2022). Revenue: ฿628.0m (down 27% from 2Q 2022). Net income: ฿64.4m (down 2.9% from 2Q 2022). Profit margin: 10% (up from 7.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Jul 14Interlink Telecom Public Company Limited Announces Executive AppointmentInterlink Telecom Public Company Limited informed that the Board of Directors' Meeting No. 4/2566, held on July 12, 2023 has resolved with the recommendation from the Nomination and Remuneration Committee to approve an appointment of Gen. Ponpipaat Benyasri as the Independent Director, Audit Committee, Chairman of Risk Management Committee, Nomination and Remuneration Committee, and Corporate Governance Committee of the Company with an effect from July 13, 2023 onwards. At present, the Risk Management Committee, the Corporate Governance Committee, and the Nomination and Remuneration Committee of the Company consist of the following members: Risk Management Committee: 1. Gen. Ponpipaat Benyasri - Chairman of Risk Management Committee; 2. Mr. Chavalit Chookajorn - Member of Risk Management Committee; 3. Mr. Nuttanai Anuntarumporn Member of Risk Management Committee; 4. Mr. Suwichan Nilanan - Member of Risk Management Committee; 5. Mr. Suwat Punnachaiya - Member of Risk Management Committee. Corporate Governance Committee: 1. Mr. Chavalit Chookajorn - Chairman of Corporate Governance Committee; 2. Gen. Ponpipaat Benyasri - Member of Corporate Governance Committee; 3. Dr. Chalida Anuntarumporn - Member of Corporate Governance Committee; 4. Dr. Lillada Anuntarumporn - Member of Corporate Governance Committee. Nomination and Remuneration Committee: 1. Mr. Suwat Punnachaiya - Chairman of Nomination and Remuneration Committee; 2. Gen. Ponpipaat Benyasri - Member of Nomination and Remuneration Committee; 3. Mr. Chavalit Chookajorn - Member of Nomination and Remuneration Committee; 4. Ms. Varisa Anuntarumporn - Member of Nomination and Remuneration Committee; 5. Mr. Suwichan Nilanan - Member of Nomination and Remuneration Committee.
Price Target Changed • Jul 08Price target decreased by 25% to ฿3.46Down from ฿4.64, the current price target is an average from 2 analysts. New target price is 50% above last closing price of ฿2.30. Stock is down 46% over the past year. The company is forecast to post earnings per share of ฿0.21 for next year compared to ฿0.19 last year.
お知らせ • Jul 04Interlink Telecom Public Company Limited Announces Resignation of Suchat Muankaew as Independent Director and CommitteesInterlink Telecom Public Company Limited announced that Pol.Lt.Gen. Suchat Muankaew has submitted his resignation from the Independent Director, Audit Committee, Chairman of Risk Management Committee, Nomination and Remuneration Committee, and Corporate Governance Committee of the Company due to the increasing of responsible engagement. The resignation will be effective from July 1, 2023.
New Risk • Jun 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.39b (US$96.2m) 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: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Market cap is less than US$100m (฿3.39b market cap, or US$96.2m).
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.44, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Telecom industry in Asia. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.63 per share.
Price Target Changed • May 10Price target increased by 39% to ฿6.43Up from ฿4.64, the current price target is an average from 3 analysts. New target price is 109% above last closing price of ฿3.08. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.21 for next year compared to ฿0.19 last year.
Upcoming Dividend • May 03Upcoming dividend of ฿0.064 per share at 2.1% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 26 May 2023. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (1.2%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Kesara Manchusree was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.04 (vs ฿0.06 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.04 (down from ฿0.06 in 3Q 2021). Revenue: ฿771.8m (up 46% from 3Q 2021). Net income: ฿53.9m (down 16% from 3Q 2021). Profit margin: 7.0% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.
Major Estimate Revision • Oct 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.24 to ฿0.18 per share. Revenue forecast steady at ฿3.26b. Net income forecast to grow 18% next year vs 9.4% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿5.95 to ฿5.25. Share price fell 2.7% to ฿3.58 over the past week.
Major Estimate Revision • Sep 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.20 to ฿0.24. Revenue forecast unchanged at ฿3.27b. Net income forecast to grow 37% next year vs 8.7% growth forecast for Telecom industry in Thailand. Consensus price target of ฿5.95 unchanged from last update. Share price fell 4.9% to ฿4.28 over the past week.
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.05 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.05 (vs ฿0.05 in 2Q 2021). Revenue: ฿854.5m (up 89% from 2Q 2021). Net income: ฿66.3m (up 41% from 2Q 2021). Profit margin: 7.8% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 3.9% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.22 to ฿0.17 per share. Revenue forecast steady at ฿3.27b. Net income forecast to grow 40% next year vs 9.7% growth forecast for Telecom industry in Thailand. Consensus price target down from ฿7.50 to ฿6.50. Share price was steady at ฿4.46 over the past week.
Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿5.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 55% in 2 years. Earnings is forecast to grow by 85% in the next 2 years.
Price Target Changed • Apr 27Price target increased to ฿6.90Up from ฿4.38, the current price target is an average from 2 analysts. New target price is 17% above last closing price of ฿5.90. Stock is up 47% over the past year. The company is forecast to post earnings per share of ฿0.25 for next year compared to ฿0.23 last year.
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. 3 experienced directors. 8 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Kesara Manchusree was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 24Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.23 (up from ฿0.18 in FY 2020). Revenue: ฿2.51b (up 23% from FY 2020). Net income: ฿250.8m (up 37% from FY 2020). Profit margin: 10.0% (up from 9.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Over the next year, revenue is forecast to grow 33%, compared to a 4.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS ฿0.06 (vs ฿0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿530.2m (up 11% from 3Q 2020). Net income: ฿63.7m (up 28% from 3Q 2020). Profit margin: 12% (up from 11% 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 11% per year whereas the company’s share price has increased by 15% per year.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to ฿4.28, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 41% over the past three years.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.06 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿452.8m (up 2.0% from 2Q 2020). Net income: ฿47.1m (down 19% from 2Q 2020). Profit margin: 10% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿5.20, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Telecom industry in Asia. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿9.17 per share.
Price Target Changed • Jun 09Price target increased to ฿4.91Up from ฿4.38, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ฿4.44. Stock is up 76% over the past year.
Price Target Changed • May 24Price target increased to ฿4.38Up from ฿3.70, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿3.76. Stock is up 54% over the past year.
Price Target Changed • May 15Price target increased to ฿4.38Up from ฿3.70, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿3.76. Stock is up 76% over the past year.
Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.04 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿511.3m (up 11% from 1Q 2020). Net income: ฿45.9m (up 14% from 1Q 2020). Profit margin: 9.0% (up from 8.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Telecom industry in Asia. Total returns to shareholders of 8.5% over the past three years.
Is New 90 Day High Low • Mar 12New 90-day high: ฿3.36The company is up 18% from its price of ฿2.84 on 09 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is flat over the same period.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS ฿0.18 (vs ฿0.18 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿2.06b (down 12% from FY 2019). Net income: ฿183.7m (up 1.5% from FY 2019). Profit margin: 8.9% (up from 7.7% in FY 2019). The increase in margin was driven by lower expenses. 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 15% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue and earnings miss expectationsRevenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 16%, compared to a 7.9% growth forecast for the Telecom industry in Thailand.
Is New 90 Day High Low • Feb 04New 90-day high: ฿3.34The company is up 11% from its price of ฿3.02 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 12% over the same period.
Is New 90 Day High Low • Jan 20New 90-day high: ฿3.16The company is up 7.0% from its price of ฿2.96 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 22% over the same period.
Is New 90 Day High Low • Dec 30New 90-day low: ฿2.74The company is down 1.0% from its price of ฿2.76 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 20% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.05The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿475.8m (down 37% from 3Q 2019). Net income: ฿50.0m (up 3.2% from 3Q 2019). Profit margin: 11% (up from 6.4% in 3Q 2019). The increase in margin was driven by lower expenses. 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 18% per year, which means it is significantly lagging earnings.