View Financial HealthThaicom 配当と自社株買い配当金 基準チェック /06Thaicom現在配当金を支払っていません。主要情報0%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回り0%配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向0%最近の配当と自社株買いの更新お知らせ • Mar 24Thaicom Public Company Limited Approves Omission of Dividend Payment for 2024Thaicom Public Company Limited at its Annual General Meeting held on 24 March 2025, approved the omission of dividend payment for 2024.お知らせ • Feb 07Thaicom Public Company Limited Proposes Omission of Dividend Payment from the Performance as of 31 December 2024Thaicom Public Company Limited at its board meeting proposed to consider and approve the omission of dividend payment from the performance as of 31 December 2024 due to the Company's performance loss.お知らせ • Mar 28Thaicom Public Company Limited Approves Dividend from the Operating Results for the Period 1 January 2023 to 31 December 2023Thaicom Public Company Limited announced that at its AGM held on 28 March 2024, approved the dividend payment from the company's net profit from the operating results for the period 1 January 2023 to 31 December 2023 at the rate of THB 0.13 per ordinary share, amounting to THB 142,493,254.02 for 1,096 million shares in accordance with the company's dividend payment policy.Upcoming Dividend • Feb 14Upcoming dividend of ฿0.13 per share at 1.0% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.6%). Lower than average of industry peers (1.8%).お知らせ • Feb 08Thaicom Public Company Limited Announces Cash Dividend for the Operating Period from Jan 01, 2023 to Dec 31, 2023, Payable on April 26, 2024Thaicom Public Company Limited announced cash dividend of THB 0.13 per share for the operating period from Jan 01, 2023 to Dec 31, 2023. Payment date: 26-Apr-2024, Ex-dividend date: 21-Feb-2024 and Record date for the right to receive: 22-Feb-2024.Upcoming Dividend • Mar 27Upcoming dividend of ฿0.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 03 April 2023. Payment date: 26 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.1%).すべての更新を表示Recent updatesPrice Target Changed • Mar 25Price target increased by 14% to ฿13.09Up from ฿11.48, the current price target is an average from 4 analysts. New target price is 5.5% above last closing price of ฿12.40. Stock is up 16% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.037 last year.Buy Or Sell Opportunity • Feb 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to ฿11.60. The fair value is estimated to be ฿9.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Reported Earnings • Feb 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿0.04 (up from ฿0.021 loss in FY 2024). Revenue: ฿2.47b (up 2.6% from FY 2024). Net income: ฿40.1m (up ฿62.9m from FY 2024). Profit margin: 1.6% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 3.6% 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 fallen by 55% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Feb 13Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ฿2.96b to ฿2.43b. EPS estimate unchanged from ฿0.16 per share at last update. Telecom industry in Thailand expected to see average net income growth of 13% next year. Consensus price target of ฿11.69 unchanged from last update. Share price rose 15% to ฿11.00 over the past week.お知らせ • Feb 11Thaicom Public Company Limited, Annual General Meeting, Apr 07, 2026Thaicom Public Company Limited, Annual General Meeting, Apr 07, 2026, at 15:00 SE Asia Standard Time. Location: vimarn ballroom, 2nd floor, dusit thani bangkok, 98 rama iv rd, silom, bangrak, bangkok, bangkok ThailandNew Risk • Jan 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Jan 21Thaicom Public Company Limited Announces Board ChangesThaicom Public Company Limited announced that Mr. Chaichawin Tantiyankul resigned from his position as Director due to other commitments, effective May 7, 2025, with expiry on January 19, 2026. The Board of Directors Meeting held on January 20, 2026, approved the appointment of Mr. Smith Banomyong as Director to fill the vacancy left by the resignation of Mr. Chaichawin Tantiyankul.Major Estimate Revision • Dec 19Consensus EPS estimates fall by 400%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.34b to ฿2.18b. Losses expected to increase from ฿0.02 per share to ฿0.10. Telecom industry in Thailand expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at ฿11.69. Share price rose 7.0% to ฿8.40 over the past week.Reported Earnings • Nov 05Third quarter 2025 earnings released: ฿0.001 loss per share (vs ฿0.51 loss in 3Q 2024)Third quarter 2025 results: ฿0.001 loss per share (improved from ฿0.51 loss in 3Q 2024). Revenue: ฿500.0m (down 19% from 3Q 2024). Net loss: ฿885.0k (loss narrowed 100% from 3Q 2024). Revenue is forecast to grow 20% 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, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Price Target Changed • Oct 10Price target decreased by 7.2% to ฿12.20Down from ฿13.15, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ฿9.50. The company is forecast to post a net loss per share of ฿0.02 next year compared to a net loss per share of ฿0.021 last year.Reported Earnings • Aug 06Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: ฿0.19 loss per share (down from ฿0.06 profit in 2Q 2024). Revenue: ฿534.7m (down 16% from 2Q 2024). Net loss: ฿207.2m (down 430% from profit in 2Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Reported Earnings • May 08First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.26 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (down from ฿0.26 in 1Q 2024). Revenue: ฿499.7m (down 18% from 1Q 2024). Net income: ฿119.3m (down 59% from 1Q 2024). Profit margin: 24% (down from 47% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Apr 18Thaicom Public Company Limited Announces Board Changes, Effective 01 May, 2025Thaicom Public Company Limited announces Board of Directors changes. Expired by rotation: Date of board resolution for change of director /executive: 18 April, 2025; Director Name: Mr. SOMPRASONG BOONYACHAI; Position in company: CHAIRMAN OF THE BOARD OF DIRECTORS; Effective Date: 21 October, 2021; Expire Date: 01 May, 2025; Position in company: INDEPENDENT DIRECTOR; Effective Date: 21 October, 2021; Expire Date: 01 May, 2025. Terminate Reason: Resigned from position /the company due to other commitments. The Company will proceed with nominating the qualified director in replacement of the vacant seat. New election: Director Name: Mr. SARATH RATANAVADI; Position in company: CHAIRMAN OF BOARD OF DIRECTORS; Effective Date: 01 May, 2025; More detail: The Board of Directors resolved to appoint to be the Chairman of the Board of Directors. Expired by rotation: Director Name: Mr. SARATH RATANAVADI; Position in company: VICE CHAIRMAN OF THE BOARD OF DIRECTORS; Effective Date: 09 May, 2023; Expire Date: 01 May, 2025; Terminate Reason: Resigned from position /the company due to the Board of Directors resolved to appoint to be the Chairman of the Board of Directors.Price Target Changed • Apr 16Price target decreased by 11% to ฿12.40Down from ฿13.90, the current price target is an average from 4 analysts. New target price is 53% above last closing price of ฿8.10. The company is forecast to post earnings per share of ฿0.13 next year compared to a net loss per share of ฿0.021 last year.New Risk • Apr 10New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Apr 08+ 1 more updateThaicom Public Company Limited to Report Q2, 2025 Results on Aug 05, 2025Thaicom Public Company Limited announced that they will report Q2, 2025 results on Aug 05, 2025お知らせ • Mar 24Thaicom Public Company Limited Approves Omission of Dividend Payment for 2024Thaicom Public Company Limited at its Annual General Meeting held on 24 March 2025, approved the omission of dividend payment for 2024.Price Target Changed • Feb 11Price target decreased by 8.4% to ฿13.90Down from ฿15.18, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ฿10.90. The company is forecast to post earnings per share of ฿0.17 next year compared to a net loss per share of ฿0.021 last year.Reported Earnings • Feb 08Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: ฿0.02 loss per share (down from ฿0.32 profit in FY 2023). Revenue: ฿2.41b (down 8.1% from FY 2023). Net loss: ฿22.8m (down 107% from profit in FY 2023). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Feb 07Thaicom Public Company Limited Proposes Omission of Dividend Payment from the Performance as of 31 December 2024Thaicom Public Company Limited at its board meeting proposed to consider and approve the omission of dividend payment from the performance as of 31 December 2024 due to the Company's performance loss.お知らせ • Dec 26Intouch Holdings Public Company Limited (SET:INTUCH), Gulf Energy Development Public Company Limited (SET:GULF), Gulf Ventures Company Limited and Sarath Ratanavadi proposed to acquire 58.86% stake in Thaicom Public Company Limited (SET:THCOM) from a group of shareholders for THB 7.1 billion.Intouch Holdings Public Company Limited (SET:INTUCH), Gulf Energy Development Public Company Limited (SET:GULF), Gulf Ventures Company Limited and Sarath Ratanavadi proposed to acquire 58.86% stake in Thaicom Public Company Limited (SET:THCOM) from a group of shareholders for THB 7.1 billion on December 24, 2024. A cash consideration valued at THB 11 per share will be paid for 645,187,220 shares. The expected completion of the transaction is February 6, 2025. TTT & Partners Company Limited acted as legal advisor to Thaicom Public Company Limited. Bualuang Securities Public Company Limited acted as tender offer agent.お知らせ • Dec 18Thaicom Public Company Limited Announces Board ChangesThaicom Public Company Limited at its board meeting held on December 18, 2024 acknowledged the resignation of Mr. Boonchai Thirati and Mr. Ratthaphol Cheunsomchit as Directors and appointment of Ms. Yupapin Wangviwat and Mr. Smith Banomyong as the Directors in replacement of resigned Directors, effective 18 December 2024. The Board of Directors now comprises the following 11 directors: 1) Mr. Somprasong Boonyachai, Chairman of the Board of Directors and Independent Director; 2) Mr. Sarath Ratanavadi, Vice Chairman of the Board of Directors and Director; 3) ACM. Maanat Wongwat, Independent Director; 4) Dr. Porametee Vimolsiri, Independent Director; 5) Mr. Somchai Jinnovart, Independent Director; 6) Mr. Kanit Vallayapet, Independent Director; 7) Gen. Nimit Suwannarat, Independent Director; 8) Ms. Yupapin Wangviwat, Director; 9) Mr. Smith Banomyong, Director; 10) Ms. Bung-on Suttipattanakit, Director; and 11) Mr. Patompob Suwansiri, Director.Reported Earnings • Nov 15Third quarter 2024 earnings released: ฿0.51 loss per share (vs ฿0.10 profit in 3Q 2023)Third quarter 2024 results: ฿0.51 loss per share (down from ฿0.10 profit in 3Q 2023). Revenue: ฿614.1m (down 1.4% from 3Q 2023). Net loss: ฿561.9m (down ฿675.5m from profit in 3Q 2023). Revenue is forecast to grow 7.4% 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 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Nov 07New 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 High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).Major Estimate Revision • Oct 10Consensus EPS estimates fall by 46%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿0.23 to ฿0.123 per share. Revenue forecast steady at ฿2.64b. Net income forecast to grow 5.1% next year vs 9.0% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿14.90. Share price rose 2.3% to ฿13.30 over the past week.Reported Earnings • Aug 08Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿0.06 (down from ฿0.42 in 2Q 2023). Revenue: ฿638.3m (flat on 2Q 2023). Net income: ฿62.8m (down 86% from 2Q 2023). Profit margin: 9.8% (down from 72% in 2Q 2023). Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 9.2% 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 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 15Consensus EPS estimates increase by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿2.60b to ฿2.63b. EPS estimate increased from ฿0.23 to ฿0.295 per share. Net income forecast to shrink 48% next year vs 7.7% growth forecast for Telecom industry in Thailand . Consensus price target down from ฿16.10 to ฿15.78. Share price was steady at ฿12.80 over the past week.Reported Earnings • May 09First quarter 2024 earnings released: EPS: ฿0.26 (vs ฿0.082 in 1Q 2023)First quarter 2024 results: EPS: ฿0.26 (up from ฿0.082 in 1Q 2023). Revenue: ฿608.7m (down 18% from 1Q 2023). Net income: ฿287.6m (up 221% from 1Q 2023). Profit margin: 47% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% 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 37% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 28Thaicom Public Company Limited Approves Dividend from the Operating Results for the Period 1 January 2023 to 31 December 2023Thaicom Public Company Limited announced that at its AGM held on 28 March 2024, approved the dividend payment from the company's net profit from the operating results for the period 1 January 2023 to 31 December 2023 at the rate of THB 0.13 per ordinary share, amounting to THB 142,493,254.02 for 1,096 million shares in accordance with the company's dividend payment policy.Major Estimate Revision • Mar 05Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿0.21 to ฿0.18. Revenue forecast unchanged from ฿2.69b at last update. Net income forecast to shrink 26% next year vs 12% growth forecast for Telecom industry in Thailand . Consensus price target up from ฿15.95 to ฿16.43. Share price fell 2.4% to ฿12.30 over the past week.Price Target Changed • Mar 04Price target increased by 8.6% to ฿16.43Up from ฿15.12, the current price target is an average from 4 analysts. New target price is 34% above last closing price of ฿12.30. Stock is down 14% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.32 last year.Upcoming Dividend • Feb 14Upcoming dividend of ฿0.13 per share at 1.0% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.6%). Lower than average of industry peers (1.8%).お知らせ • Feb 10Thaicom Public Company Limited, Annual General Meeting, Mar 28, 2024Thaicom Public Company Limited, Annual General Meeting, Mar 28, 2024, at 14:00 Singapore Standard Time.Reported Earnings • Feb 09Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿0.32 (up from ฿0.039 in FY 2022). Revenue: ฿2.63b (down 12% from FY 2022). Net income: ฿353.6m (up ฿311.4m from FY 2022). Profit margin: 14% (up from 1.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to stay flat 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 fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Feb 08Thaicom Public Company Limited Announces Cash Dividend for the Operating Period from Jan 01, 2023 to Dec 31, 2023, Payable on April 26, 2024Thaicom Public Company Limited announced cash dividend of THB 0.13 per share for the operating period from Jan 01, 2023 to Dec 31, 2023. Payment date: 26-Apr-2024, Ex-dividend date: 21-Feb-2024 and Record date for the right to receive: 22-Feb-2024.Major Estimate Revision • Jan 09Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ฿2.80b to ฿2.64b. EPS estimate rose from ฿0.42 to ฿0.50. Net income forecast to grow 59% next year vs 13% growth forecast for Telecom industry in Thailand. Consensus price target of ฿15.04 unchanged from last update. Share price fell 7.4% to ฿12.50 over the past week.Major Estimate Revision • Nov 10Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.348 to ฿0.27. Revenue forecast unchanged from ฿2.67b at last update. Net income forecast to grow 88% next year vs 12% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿15.50. Share price fell 8.6% to ฿11.70 over the past week.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.11 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.10 (down from ฿0.11 in 3Q 2022). Revenue: ฿622.6m (down 19% from 3Q 2022). Net income: ฿113.6m (down 6.0% from 3Q 2022). Profit margin: 18% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Telecom industry in Thailand are expected to grow by 9.6%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 04Thaicom Public Company Limited Appoints Nimit Suwannarat as the Independent DirectorThaicom Public Company Limited announced the appointment of Lt.Gen. Nimit Suwannarat as the Independent Director, effective 3 November 2023. The Board of Directors comprises the following 11 directors: Mr. Somprasong Boonyachai Chairman of the Board of Directors and Independent Director, Mr. Sarath Ratanavadi Vice Chairman of the Board of Directors and Director, Mr. Boonchai Thirati Director, ACM. Maanat Wongwat Independent Director, Dr. Porametee Vimolsiri Independent Director, Mr. Somchai Jinnovart Independent Director, Mr. Kanit Vallayapet Independent Director, Lt.Gen. Nimit Suwannarat Independent Director, Mr. Ratthaphol Cheunsomchit Director, Ms. Bung-on Suttipattanakit Director, Mr. Patompob Suwansiri Director.お知らせ • Oct 27Thaicom Public Company Limited Announces Resignation of Suporn Luckmunkong as DirectorThaicom Public Company Limited announced that Mr. Suporn Luckmunkong Director has submitted a letter of resignation dated 26 October 2023 to resign from his position as a Director of the Company, effective 26 October 2023 onwards.Major Estimate Revision • Aug 15Consensus EPS estimates increase by 45%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ฿0.277 to ฿0.40. Revenue forecast unchanged at ฿2.67b. Net income forecast to grow 68% next year vs 12% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿15.30. Share price was steady at ฿13.00 over the past week.New Risk • Aug 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.8% 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 Risk Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (244% payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.9% net profit margin).New Risk • Aug 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% 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 Risk Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (244% payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.9% net profit margin).Reported Earnings • Aug 09Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: ฿0.42 (up from ฿0.28 in 2Q 2022). Revenue: ฿636.4m (down 14% from 2Q 2022). Net income: ฿456.6m (up 48% from 2Q 2022). Profit margin: 72% (up from 42% in 2Q 2022). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Telecom industry in Asia are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 12Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.34 to ฿0.30. Revenue forecast unchanged from ฿2.65b at last update. Net income forecast to grow 589% next year vs 14% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿15.56. Share price rose 7.9% to ฿13.70 over the past week.Upcoming Dividend • Mar 27Upcoming dividend of ฿0.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 03 April 2023. Payment date: 26 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.1%).Major Estimate Revision • Feb 21Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ฿0.316 to ฿0.383. Revenue forecast steady at ฿2.68b. Net income forecast to grow 7.8% next year vs 10% growth forecast for Telecom industry in Thailand. Consensus price target of ฿14.02 unchanged from last update. Share price was steady at ฿16.40 over the past week.Price Target Changed • Jan 05Price target increased to ฿12.08Up from ฿11.17, the current price target is an average from 6 analysts. New target price is 20% below last closing price of ฿15.10. Stock is up 41% over the past year. The company is forecast to post earnings per share of ฿0.44 for next year compared to ฿0.13 last year.Major Estimate Revision • Dec 10Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿2.89b to ฿2.95b. EPS estimate increased from ฿0.40 to ฿0.44 per share. Net income forecast to shrink 17% next year vs 11% growth forecast for Telecom industry in Thailand . Consensus price target broadly unchanged at ฿11.17. Share price fell 5.3% to ฿12.50 over the past week.Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿13.20, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.72 per share.Board Change • Nov 16High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Somchai Jinnovart is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 09Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: ฿0.11 (down from ฿0.13 in 3Q 2021). Revenue: ฿770.1m (down 17% from 3Q 2021). Net income: ฿120.9m (down 17% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Telecom industry in Asia are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Sep 19Now 21% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be ฿14.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 23% in 2 years. Earnings is forecast to decline by 50% in the next 2 years.Major Estimate Revision • Aug 13Consensus EPS estimates increase by 43%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿2.75b to ฿2.84b. EPS estimate increased from ฿0.16 to ฿0.23 per share. Net income forecast to shrink 57% next year vs 9.8% growth forecast for Telecom industry in Thailand . Consensus price target of ฿10.47 unchanged from last update. Share price rose 11% to ฿9.85 over the past week.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.28 (vs ฿0.038 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.28 (up from ฿0.038 loss in 2Q 2021). Revenue: ฿744.5m (down 6.4% from 2Q 2021). Net income: ฿309.3m (up ฿350.6m from 2Q 2021). Profit margin: 42% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is expected to shrink by 16% compared to a 4.2% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.05 (down from ฿0.10 in 1Q 2021). Revenue: ฿696.6m (down 12% from 1Q 2021). Net income: ฿50.6m (down 55% from 1Q 2021). Profit margin: 7.3% (down from 14% in 1Q 2021). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is expected to shrink by 15% compared to a 4.1% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Pareena Srivanit is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿8.35, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿9.28 per share.Major Estimate Revision • Feb 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ฿2.95b to ฿2.75b. EPS estimate rose from ฿0.19 to ฿0.22. Net income forecast to grow 66% next year vs 9.7% growth forecast for Telecom industry in Thailand. Consensus price target up from ฿10.20 to ฿10.47. Share price was steady at ฿10.10 over the past week.Upcoming Dividend • Feb 10Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 17 February 2022. Payment date: 20 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (3.5%).Price Target Changed • Feb 07Price target increased to ฿10.25Up from ฿9.40, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿10.30. Stock is down 2.8% over the past year. The company is forecast to post a net loss per share of ฿0.0034 compared to earnings per share of ฿0.13 last year.Reported Earnings • Feb 05Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.13 (down from ฿0.47 in FY 2020). Revenue: ฿3.38b (down 5.3% from FY 2020). Net income: ฿143.6m (down 72% from FY 2020). Profit margin: 4.3% (down from 14% in FY 2020). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 2,067%. Over the next year, revenue is expected to shrink by 39% compared to a 4.1% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Executive Departure • Dec 03Director Anek Pana-Apichon has left the companyOn the 30th of November, Anek Pana-Apichon's tenure as Director ended after 4.4 years in the role. We don't have any record of a personal shareholding under Anek's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.75 years.Price Target Changed • Nov 01Price target increased to ฿9.83Up from ฿9.07, the current price target is an average from 6 analysts. New target price is 8.1% below last closing price of ฿10.70. Stock is up 95% over the past year. The company is forecast to post a net loss per share of ฿0.098 compared to earnings per share of ฿0.47 last year.Reported Earnings • Oct 30Third quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿930.3m (up 1.3% from 3Q 2020). Net income: ฿145.7m (up 90% from 3Q 2020). Profit margin: 16% (up from 8.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Board Change • Oct 23Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Chairman Somprasong Boonyachai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Executive Departure • Sep 21Director Phuwieng Prakhammintara has left the companyOn the 11th of September, Phuwieng Prakhammintara's tenure as Director ended after 2.4 years in the role. We don't have any record of a personal shareholding under Phuwieng's name. Phuwieng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.50 years.Reported Earnings • Aug 03Second quarter 2021 earnings released: ฿0.04 loss per share (vs ฿0.45 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: ฿800.5m (down 8.3% from 2Q 2020). Net loss: ฿41.3m (down 108% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿11.30, the stock trades at a forward P/E ratio of 259x. Average forward P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 53% over the past three years.Reported Earnings • May 02First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.18 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿844.6m (down 12% from 1Q 2020). Net income: ฿111.4m (down 44% from 1Q 2020). Profit margin: 13% (down from 21% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿10.10, the stock trades at a forward P/E ratio of 178x. Average forward P/E is 18x in the Telecom industry in Asia. Total returns to shareholders of 23% over the past three years.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.50, the stock trades at a trailing P/E ratio of 20.3x, up from the previous P/E ratio of 17.4x. Average P/E is 21x in the Telecom industry in Asia. Total return to shareholders over the past three years was a loss of 1.9%.Is New 90 Day High Low • Feb 08New 90-day high: ฿10.60The company is up 108% from its price of ฿5.10 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.34 per share.Reported Earnings • Feb 07Full year 2020 earnings released: EPS ฿0.47 (vs ฿2.05 loss 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: ฿3.56b (down 24% from FY 2019). Net income: ฿513.8m (up ฿2.76b from FY 2019). Profit margin: 14% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 07Revenue and earnings miss expectationsRevenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is expected to shrink by 12% compared to a 7.4% growth forecast for the Telecom industry in Thailand.Is New 90 Day High Low • Jan 05New 90-day high: ฿9.50The company is up 56% from its price of ฿6.10 on 07 October 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿5.13 per share.Is New 90 Day High Low • Dec 17New 90-day high: ฿7.20The company is up 32% from its price of ฿5.45 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿5.13 per share.Is New 90 Day High Low • Nov 10New 90-day low: ฿5.10The company is down 16% from its price of ฿6.10 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.38 per share.Analyst Estimate Surprise Post Earnings • Nov 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is expected to shrink by 22% compared to a 3.6% growth forecast for the Telecom industry in Thailand.Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS ฿0.07The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿926.1m (down 22% from 3Q 2019). Net income: ฿76.6m (up ฿189.7m from 3Q 2019). Profit margin: 8.3% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 23% per year.決済の安定と成長配当データの取得安定した配当: THCOMの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: THCOMの配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Thaicom 配当利回り対市場THCOM 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (THCOM)0%市場下位25% (TH)3.4%市場トップ25% (TH)7.5%業界平均 (Telecom)4.6%アナリスト予想 (THCOM) (最長3年)0%注目すべき配当: THCOMは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: THCOMは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: THCOM TH市場において目立った配当金を支払っていません。株主配当金キャッシュフローカバレッジ: THCOMが配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YTH 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 15:28終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Thaicom Public Company Limited 3 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。14 アナリスト機関Kawee ManitsupavongAsia Plus Securities Company LimitedNatchutha Na PattaloongBofA Global ResearchPanjapon TaensricharoenBualuang Securities PCL11 その他のアナリストを表示
お知らせ • Mar 24Thaicom Public Company Limited Approves Omission of Dividend Payment for 2024Thaicom Public Company Limited at its Annual General Meeting held on 24 March 2025, approved the omission of dividend payment for 2024.
お知らせ • Feb 07Thaicom Public Company Limited Proposes Omission of Dividend Payment from the Performance as of 31 December 2024Thaicom Public Company Limited at its board meeting proposed to consider and approve the omission of dividend payment from the performance as of 31 December 2024 due to the Company's performance loss.
お知らせ • Mar 28Thaicom Public Company Limited Approves Dividend from the Operating Results for the Period 1 January 2023 to 31 December 2023Thaicom Public Company Limited announced that at its AGM held on 28 March 2024, approved the dividend payment from the company's net profit from the operating results for the period 1 January 2023 to 31 December 2023 at the rate of THB 0.13 per ordinary share, amounting to THB 142,493,254.02 for 1,096 million shares in accordance with the company's dividend payment policy.
Upcoming Dividend • Feb 14Upcoming dividend of ฿0.13 per share at 1.0% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.6%). Lower than average of industry peers (1.8%).
お知らせ • Feb 08Thaicom Public Company Limited Announces Cash Dividend for the Operating Period from Jan 01, 2023 to Dec 31, 2023, Payable on April 26, 2024Thaicom Public Company Limited announced cash dividend of THB 0.13 per share for the operating period from Jan 01, 2023 to Dec 31, 2023. Payment date: 26-Apr-2024, Ex-dividend date: 21-Feb-2024 and Record date for the right to receive: 22-Feb-2024.
Upcoming Dividend • Mar 27Upcoming dividend of ฿0.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 03 April 2023. Payment date: 26 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.1%).
Price Target Changed • Mar 25Price target increased by 14% to ฿13.09Up from ฿11.48, the current price target is an average from 4 analysts. New target price is 5.5% above last closing price of ฿12.40. Stock is up 16% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.037 last year.
Buy Or Sell Opportunity • Feb 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to ฿11.60. The fair value is estimated to be ฿9.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Reported Earnings • Feb 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿0.04 (up from ฿0.021 loss in FY 2024). Revenue: ฿2.47b (up 2.6% from FY 2024). Net income: ฿40.1m (up ฿62.9m from FY 2024). Profit margin: 1.6% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 3.6% 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 fallen by 55% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Feb 13Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ฿2.96b to ฿2.43b. EPS estimate unchanged from ฿0.16 per share at last update. Telecom industry in Thailand expected to see average net income growth of 13% next year. Consensus price target of ฿11.69 unchanged from last update. Share price rose 15% to ฿11.00 over the past week.
お知らせ • Feb 11Thaicom Public Company Limited, Annual General Meeting, Apr 07, 2026Thaicom Public Company Limited, Annual General Meeting, Apr 07, 2026, at 15:00 SE Asia Standard Time. Location: vimarn ballroom, 2nd floor, dusit thani bangkok, 98 rama iv rd, silom, bangrak, bangkok, bangkok Thailand
New Risk • Jan 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Jan 21Thaicom Public Company Limited Announces Board ChangesThaicom Public Company Limited announced that Mr. Chaichawin Tantiyankul resigned from his position as Director due to other commitments, effective May 7, 2025, with expiry on January 19, 2026. The Board of Directors Meeting held on January 20, 2026, approved the appointment of Mr. Smith Banomyong as Director to fill the vacancy left by the resignation of Mr. Chaichawin Tantiyankul.
Major Estimate Revision • Dec 19Consensus EPS estimates fall by 400%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.34b to ฿2.18b. Losses expected to increase from ฿0.02 per share to ฿0.10. Telecom industry in Thailand expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at ฿11.69. Share price rose 7.0% to ฿8.40 over the past week.
Reported Earnings • Nov 05Third quarter 2025 earnings released: ฿0.001 loss per share (vs ฿0.51 loss in 3Q 2024)Third quarter 2025 results: ฿0.001 loss per share (improved from ฿0.51 loss in 3Q 2024). Revenue: ฿500.0m (down 19% from 3Q 2024). Net loss: ฿885.0k (loss narrowed 100% from 3Q 2024). Revenue is forecast to grow 20% 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, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Price Target Changed • Oct 10Price target decreased by 7.2% to ฿12.20Down from ฿13.15, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ฿9.50. The company is forecast to post a net loss per share of ฿0.02 next year compared to a net loss per share of ฿0.021 last year.
Reported Earnings • Aug 06Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: ฿0.19 loss per share (down from ฿0.06 profit in 2Q 2024). Revenue: ฿534.7m (down 16% from 2Q 2024). Net loss: ฿207.2m (down 430% from profit in 2Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.26 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (down from ฿0.26 in 1Q 2024). Revenue: ฿499.7m (down 18% from 1Q 2024). Net income: ฿119.3m (down 59% from 1Q 2024). Profit margin: 24% (down from 47% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Apr 18Thaicom Public Company Limited Announces Board Changes, Effective 01 May, 2025Thaicom Public Company Limited announces Board of Directors changes. Expired by rotation: Date of board resolution for change of director /executive: 18 April, 2025; Director Name: Mr. SOMPRASONG BOONYACHAI; Position in company: CHAIRMAN OF THE BOARD OF DIRECTORS; Effective Date: 21 October, 2021; Expire Date: 01 May, 2025; Position in company: INDEPENDENT DIRECTOR; Effective Date: 21 October, 2021; Expire Date: 01 May, 2025. Terminate Reason: Resigned from position /the company due to other commitments. The Company will proceed with nominating the qualified director in replacement of the vacant seat. New election: Director Name: Mr. SARATH RATANAVADI; Position in company: CHAIRMAN OF BOARD OF DIRECTORS; Effective Date: 01 May, 2025; More detail: The Board of Directors resolved to appoint to be the Chairman of the Board of Directors. Expired by rotation: Director Name: Mr. SARATH RATANAVADI; Position in company: VICE CHAIRMAN OF THE BOARD OF DIRECTORS; Effective Date: 09 May, 2023; Expire Date: 01 May, 2025; Terminate Reason: Resigned from position /the company due to the Board of Directors resolved to appoint to be the Chairman of the Board of Directors.
Price Target Changed • Apr 16Price target decreased by 11% to ฿12.40Down from ฿13.90, the current price target is an average from 4 analysts. New target price is 53% above last closing price of ฿8.10. The company is forecast to post earnings per share of ฿0.13 next year compared to a net loss per share of ฿0.021 last year.
New Risk • Apr 10New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Apr 08+ 1 more updateThaicom Public Company Limited to Report Q2, 2025 Results on Aug 05, 2025Thaicom Public Company Limited announced that they will report Q2, 2025 results on Aug 05, 2025
お知らせ • Mar 24Thaicom Public Company Limited Approves Omission of Dividend Payment for 2024Thaicom Public Company Limited at its Annual General Meeting held on 24 March 2025, approved the omission of dividend payment for 2024.
Price Target Changed • Feb 11Price target decreased by 8.4% to ฿13.90Down from ฿15.18, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ฿10.90. The company is forecast to post earnings per share of ฿0.17 next year compared to a net loss per share of ฿0.021 last year.
Reported Earnings • Feb 08Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: ฿0.02 loss per share (down from ฿0.32 profit in FY 2023). Revenue: ฿2.41b (down 8.1% from FY 2023). Net loss: ฿22.8m (down 107% from profit in FY 2023). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Feb 07Thaicom Public Company Limited Proposes Omission of Dividend Payment from the Performance as of 31 December 2024Thaicom Public Company Limited at its board meeting proposed to consider and approve the omission of dividend payment from the performance as of 31 December 2024 due to the Company's performance loss.
お知らせ • Dec 26Intouch Holdings Public Company Limited (SET:INTUCH), Gulf Energy Development Public Company Limited (SET:GULF), Gulf Ventures Company Limited and Sarath Ratanavadi proposed to acquire 58.86% stake in Thaicom Public Company Limited (SET:THCOM) from a group of shareholders for THB 7.1 billion.Intouch Holdings Public Company Limited (SET:INTUCH), Gulf Energy Development Public Company Limited (SET:GULF), Gulf Ventures Company Limited and Sarath Ratanavadi proposed to acquire 58.86% stake in Thaicom Public Company Limited (SET:THCOM) from a group of shareholders for THB 7.1 billion on December 24, 2024. A cash consideration valued at THB 11 per share will be paid for 645,187,220 shares. The expected completion of the transaction is February 6, 2025. TTT & Partners Company Limited acted as legal advisor to Thaicom Public Company Limited. Bualuang Securities Public Company Limited acted as tender offer agent.
お知らせ • Dec 18Thaicom Public Company Limited Announces Board ChangesThaicom Public Company Limited at its board meeting held on December 18, 2024 acknowledged the resignation of Mr. Boonchai Thirati and Mr. Ratthaphol Cheunsomchit as Directors and appointment of Ms. Yupapin Wangviwat and Mr. Smith Banomyong as the Directors in replacement of resigned Directors, effective 18 December 2024. The Board of Directors now comprises the following 11 directors: 1) Mr. Somprasong Boonyachai, Chairman of the Board of Directors and Independent Director; 2) Mr. Sarath Ratanavadi, Vice Chairman of the Board of Directors and Director; 3) ACM. Maanat Wongwat, Independent Director; 4) Dr. Porametee Vimolsiri, Independent Director; 5) Mr. Somchai Jinnovart, Independent Director; 6) Mr. Kanit Vallayapet, Independent Director; 7) Gen. Nimit Suwannarat, Independent Director; 8) Ms. Yupapin Wangviwat, Director; 9) Mr. Smith Banomyong, Director; 10) Ms. Bung-on Suttipattanakit, Director; and 11) Mr. Patompob Suwansiri, Director.
Reported Earnings • Nov 15Third quarter 2024 earnings released: ฿0.51 loss per share (vs ฿0.10 profit in 3Q 2023)Third quarter 2024 results: ฿0.51 loss per share (down from ฿0.10 profit in 3Q 2023). Revenue: ฿614.1m (down 1.4% from 3Q 2023). Net loss: ฿561.9m (down ฿675.5m from profit in 3Q 2023). Revenue is forecast to grow 7.4% 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 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Nov 07New 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 High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).
Major Estimate Revision • Oct 10Consensus EPS estimates fall by 46%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿0.23 to ฿0.123 per share. Revenue forecast steady at ฿2.64b. Net income forecast to grow 5.1% next year vs 9.0% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿14.90. Share price rose 2.3% to ฿13.30 over the past week.
Reported Earnings • Aug 08Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿0.06 (down from ฿0.42 in 2Q 2023). Revenue: ฿638.3m (flat on 2Q 2023). Net income: ฿62.8m (down 86% from 2Q 2023). Profit margin: 9.8% (down from 72% in 2Q 2023). Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 9.2% 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 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 15Consensus EPS estimates increase by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿2.60b to ฿2.63b. EPS estimate increased from ฿0.23 to ฿0.295 per share. Net income forecast to shrink 48% next year vs 7.7% growth forecast for Telecom industry in Thailand . Consensus price target down from ฿16.10 to ฿15.78. Share price was steady at ฿12.80 over the past week.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: ฿0.26 (vs ฿0.082 in 1Q 2023)First quarter 2024 results: EPS: ฿0.26 (up from ฿0.082 in 1Q 2023). Revenue: ฿608.7m (down 18% from 1Q 2023). Net income: ฿287.6m (up 221% from 1Q 2023). Profit margin: 47% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% 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 37% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 28Thaicom Public Company Limited Approves Dividend from the Operating Results for the Period 1 January 2023 to 31 December 2023Thaicom Public Company Limited announced that at its AGM held on 28 March 2024, approved the dividend payment from the company's net profit from the operating results for the period 1 January 2023 to 31 December 2023 at the rate of THB 0.13 per ordinary share, amounting to THB 142,493,254.02 for 1,096 million shares in accordance with the company's dividend payment policy.
Major Estimate Revision • Mar 05Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿0.21 to ฿0.18. Revenue forecast unchanged from ฿2.69b at last update. Net income forecast to shrink 26% next year vs 12% growth forecast for Telecom industry in Thailand . Consensus price target up from ฿15.95 to ฿16.43. Share price fell 2.4% to ฿12.30 over the past week.
Price Target Changed • Mar 04Price target increased by 8.6% to ฿16.43Up from ฿15.12, the current price target is an average from 4 analysts. New target price is 34% above last closing price of ฿12.30. Stock is down 14% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.32 last year.
Upcoming Dividend • Feb 14Upcoming dividend of ฿0.13 per share at 1.0% yieldEligible shareholders must have bought the stock before 21 February 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.6%). Lower than average of industry peers (1.8%).
お知らせ • Feb 10Thaicom Public Company Limited, Annual General Meeting, Mar 28, 2024Thaicom Public Company Limited, Annual General Meeting, Mar 28, 2024, at 14:00 Singapore Standard Time.
Reported Earnings • Feb 09Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿0.32 (up from ฿0.039 in FY 2022). Revenue: ฿2.63b (down 12% from FY 2022). Net income: ฿353.6m (up ฿311.4m from FY 2022). Profit margin: 14% (up from 1.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to stay flat 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 fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Feb 08Thaicom Public Company Limited Announces Cash Dividend for the Operating Period from Jan 01, 2023 to Dec 31, 2023, Payable on April 26, 2024Thaicom Public Company Limited announced cash dividend of THB 0.13 per share for the operating period from Jan 01, 2023 to Dec 31, 2023. Payment date: 26-Apr-2024, Ex-dividend date: 21-Feb-2024 and Record date for the right to receive: 22-Feb-2024.
Major Estimate Revision • Jan 09Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ฿2.80b to ฿2.64b. EPS estimate rose from ฿0.42 to ฿0.50. Net income forecast to grow 59% next year vs 13% growth forecast for Telecom industry in Thailand. Consensus price target of ฿15.04 unchanged from last update. Share price fell 7.4% to ฿12.50 over the past week.
Major Estimate Revision • Nov 10Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.348 to ฿0.27. Revenue forecast unchanged from ฿2.67b at last update. Net income forecast to grow 88% next year vs 12% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿15.50. Share price fell 8.6% to ฿11.70 over the past week.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.11 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.10 (down from ฿0.11 in 3Q 2022). Revenue: ฿622.6m (down 19% from 3Q 2022). Net income: ฿113.6m (down 6.0% from 3Q 2022). Profit margin: 18% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Telecom industry in Thailand are expected to grow by 9.6%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 04Thaicom Public Company Limited Appoints Nimit Suwannarat as the Independent DirectorThaicom Public Company Limited announced the appointment of Lt.Gen. Nimit Suwannarat as the Independent Director, effective 3 November 2023. The Board of Directors comprises the following 11 directors: Mr. Somprasong Boonyachai Chairman of the Board of Directors and Independent Director, Mr. Sarath Ratanavadi Vice Chairman of the Board of Directors and Director, Mr. Boonchai Thirati Director, ACM. Maanat Wongwat Independent Director, Dr. Porametee Vimolsiri Independent Director, Mr. Somchai Jinnovart Independent Director, Mr. Kanit Vallayapet Independent Director, Lt.Gen. Nimit Suwannarat Independent Director, Mr. Ratthaphol Cheunsomchit Director, Ms. Bung-on Suttipattanakit Director, Mr. Patompob Suwansiri Director.
お知らせ • Oct 27Thaicom Public Company Limited Announces Resignation of Suporn Luckmunkong as DirectorThaicom Public Company Limited announced that Mr. Suporn Luckmunkong Director has submitted a letter of resignation dated 26 October 2023 to resign from his position as a Director of the Company, effective 26 October 2023 onwards.
Major Estimate Revision • Aug 15Consensus EPS estimates increase by 45%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ฿0.277 to ฿0.40. Revenue forecast unchanged at ฿2.67b. Net income forecast to grow 68% next year vs 12% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿15.30. Share price was steady at ฿13.00 over the past week.
New Risk • Aug 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.8% 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 Risk Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (244% payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.9% net profit margin).
New Risk • Aug 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% 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 Risk Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (244% payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.9% net profit margin).
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: ฿0.42 (up from ฿0.28 in 2Q 2022). Revenue: ฿636.4m (down 14% from 2Q 2022). Net income: ฿456.6m (up 48% from 2Q 2022). Profit margin: 72% (up from 42% in 2Q 2022). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Telecom industry in Asia are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 12Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.34 to ฿0.30. Revenue forecast unchanged from ฿2.65b at last update. Net income forecast to grow 589% next year vs 14% growth forecast for Telecom industry in Thailand. Consensus price target broadly unchanged at ฿15.56. Share price rose 7.9% to ฿13.70 over the past week.
Upcoming Dividend • Mar 27Upcoming dividend of ฿0.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 03 April 2023. Payment date: 26 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.1%).
Major Estimate Revision • Feb 21Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ฿0.316 to ฿0.383. Revenue forecast steady at ฿2.68b. Net income forecast to grow 7.8% next year vs 10% growth forecast for Telecom industry in Thailand. Consensus price target of ฿14.02 unchanged from last update. Share price was steady at ฿16.40 over the past week.
Price Target Changed • Jan 05Price target increased to ฿12.08Up from ฿11.17, the current price target is an average from 6 analysts. New target price is 20% below last closing price of ฿15.10. Stock is up 41% over the past year. The company is forecast to post earnings per share of ฿0.44 for next year compared to ฿0.13 last year.
Major Estimate Revision • Dec 10Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿2.89b to ฿2.95b. EPS estimate increased from ฿0.40 to ฿0.44 per share. Net income forecast to shrink 17% next year vs 11% growth forecast for Telecom industry in Thailand . Consensus price target broadly unchanged at ฿11.17. Share price fell 5.3% to ฿12.50 over the past week.
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿13.20, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.72 per share.
Board Change • Nov 16High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Somchai Jinnovart is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 09Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: ฿0.11 (down from ฿0.13 in 3Q 2021). Revenue: ฿770.1m (down 17% from 3Q 2021). Net income: ฿120.9m (down 17% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Telecom industry in Asia are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Sep 19Now 21% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be ฿14.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 23% in 2 years. Earnings is forecast to decline by 50% in the next 2 years.
Major Estimate Revision • Aug 13Consensus EPS estimates increase by 43%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ฿2.75b to ฿2.84b. EPS estimate increased from ฿0.16 to ฿0.23 per share. Net income forecast to shrink 57% next year vs 9.8% growth forecast for Telecom industry in Thailand . Consensus price target of ฿10.47 unchanged from last update. Share price rose 11% to ฿9.85 over the past week.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.28 (vs ฿0.038 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.28 (up from ฿0.038 loss in 2Q 2021). Revenue: ฿744.5m (down 6.4% from 2Q 2021). Net income: ฿309.3m (up ฿350.6m from 2Q 2021). Profit margin: 42% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is expected to shrink by 16% compared to a 4.2% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.05 (down from ฿0.10 in 1Q 2021). Revenue: ฿696.6m (down 12% from 1Q 2021). Net income: ฿50.6m (down 55% from 1Q 2021). Profit margin: 7.3% (down from 14% in 1Q 2021). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is expected to shrink by 15% compared to a 4.1% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Pareena Srivanit is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿8.35, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿9.28 per share.
Major Estimate Revision • Feb 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ฿2.95b to ฿2.75b. EPS estimate rose from ฿0.19 to ฿0.22. Net income forecast to grow 66% next year vs 9.7% growth forecast for Telecom industry in Thailand. Consensus price target up from ฿10.20 to ฿10.47. Share price was steady at ฿10.10 over the past week.
Upcoming Dividend • Feb 10Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 17 February 2022. Payment date: 20 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (3.5%).
Price Target Changed • Feb 07Price target increased to ฿10.25Up from ฿9.40, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿10.30. Stock is down 2.8% over the past year. The company is forecast to post a net loss per share of ฿0.0034 compared to earnings per share of ฿0.13 last year.
Reported Earnings • Feb 05Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.13 (down from ฿0.47 in FY 2020). Revenue: ฿3.38b (down 5.3% from FY 2020). Net income: ฿143.6m (down 72% from FY 2020). Profit margin: 4.3% (down from 14% in FY 2020). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 2,067%. Over the next year, revenue is expected to shrink by 39% compared to a 4.1% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Executive Departure • Dec 03Director Anek Pana-Apichon has left the companyOn the 30th of November, Anek Pana-Apichon's tenure as Director ended after 4.4 years in the role. We don't have any record of a personal shareholding under Anek's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.75 years.
Price Target Changed • Nov 01Price target increased to ฿9.83Up from ฿9.07, the current price target is an average from 6 analysts. New target price is 8.1% below last closing price of ฿10.70. Stock is up 95% over the past year. The company is forecast to post a net loss per share of ฿0.098 compared to earnings per share of ฿0.47 last year.
Reported Earnings • Oct 30Third quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿930.3m (up 1.3% from 3Q 2020). Net income: ฿145.7m (up 90% from 3Q 2020). Profit margin: 16% (up from 8.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Board Change • Oct 23Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Chairman Somprasong Boonyachai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Executive Departure • Sep 21Director Phuwieng Prakhammintara has left the companyOn the 11th of September, Phuwieng Prakhammintara's tenure as Director ended after 2.4 years in the role. We don't have any record of a personal shareholding under Phuwieng's name. Phuwieng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.50 years.
Reported Earnings • Aug 03Second quarter 2021 earnings released: ฿0.04 loss per share (vs ฿0.45 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: ฿800.5m (down 8.3% from 2Q 2020). Net loss: ฿41.3m (down 108% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ฿11.30, the stock trades at a forward P/E ratio of 259x. Average forward P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 53% over the past three years.
Reported Earnings • May 02First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.18 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿844.6m (down 12% from 1Q 2020). Net income: ฿111.4m (down 44% from 1Q 2020). Profit margin: 13% (down from 21% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿10.10, the stock trades at a forward P/E ratio of 178x. Average forward P/E is 18x in the Telecom industry in Asia. Total returns to shareholders of 23% over the past three years.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.50, the stock trades at a trailing P/E ratio of 20.3x, up from the previous P/E ratio of 17.4x. Average P/E is 21x in the Telecom industry in Asia. Total return to shareholders over the past three years was a loss of 1.9%.
Is New 90 Day High Low • Feb 08New 90-day high: ฿10.60The company is up 108% from its price of ฿5.10 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿3.34 per share.
Reported Earnings • Feb 07Full year 2020 earnings released: EPS ฿0.47 (vs ฿2.05 loss 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: ฿3.56b (down 24% from FY 2019). Net income: ฿513.8m (up ฿2.76b from FY 2019). Profit margin: 14% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 07Revenue and earnings miss expectationsRevenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is expected to shrink by 12% compared to a 7.4% growth forecast for the Telecom industry in Thailand.
Is New 90 Day High Low • Jan 05New 90-day high: ฿9.50The company is up 56% from its price of ฿6.10 on 07 October 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿5.13 per share.
Is New 90 Day High Low • Dec 17New 90-day high: ฿7.20The company is up 32% from its price of ฿5.45 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿5.13 per share.
Is New 90 Day High Low • Nov 10New 90-day low: ฿5.10The company is down 16% from its price of ฿6.10 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.38 per share.
Analyst Estimate Surprise Post Earnings • Nov 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is expected to shrink by 22% compared to a 3.6% growth forecast for the Telecom industry in Thailand.
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS ฿0.07The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿926.1m (down 22% from 3Q 2019). Net income: ฿76.6m (up ฿189.7m from 3Q 2019). Profit margin: 8.3% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 23% per year.