View ValuationATP 30 将来の成長Future 基準チェック /26ATP 30収益と収益がそれぞれ年間15.5%と6.2%増加すると予測されています。主要情報15.5%収益成長率n/aEPS成長率Transportation 収益成長4.0%収益成長率6.2%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日13 Mar 2026今後の成長に関する最新情報Price Target Changed • Aug 20Price target increased by 14% to ฿1.32Up from ฿1.16, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ฿0.93. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of ฿0.088 for next year compared to ฿0.067 last year.Major Estimate Revision • Dec 21Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿707.0m to ฿730.0m. EPS estimate increased from ฿0.06 to ฿0.073 per share. Net income forecast to grow 13% next year vs 13% growth forecast for Transportation industry in Thailand. Consensus price target up from ฿1.16 to ฿1.25. Share price fell 5.0% to ฿0.95 over the past week.Price Target Changed • Apr 27Price target increased to ฿2.53Up from ฿2.27, the current price target is provided by 1 analyst. New target price is 9.1% above last closing price of ฿2.32. Stock is up 89% over the past year. The company is forecast to post earnings per share of ฿0.076 for next year compared to ฿0.049 last year.すべての更新を表示Recent updatesUpcoming Dividend • Mar 31Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 07 April 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (6.1%).Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.09 (vs ฿0.067 in FY 2024)Full year 2025 results: EPS: ฿0.09 (up from ฿0.067 in FY 2024). Revenue: ฿805.4m (up 10% from FY 2024). Net income: ฿58.5m (up 28% from FY 2024). Profit margin: 7.3% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Declared Dividend • Feb 23Dividend increased to ฿0.04Dividend of ฿0.04 is 33% higher than last year. Ex-date: 7th April 2026 Payment date: 24th April 2026 Dividend yield will be 4.3%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.0% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 21+ 1 more updateATP 30 Public Company Limited announces Annual dividend, payable on April 24, 2026ATP 30 Public Company Limited announced Annual dividend of THB 0.0400 per share payable on April 24, 2026, ex-date on April 07, 2026 and record date on April 08, 2026.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ฿0.022 (vs ฿0.018 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.022 (up from ฿0.018 in 3Q 2024). Revenue: ฿204.5m (up 12% from 3Q 2024). Net income: ฿15.0m (up 25% from 3Q 2024). Profit margin: 7.3% (up from 6.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Oct 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to ฿0.85. The fair value is estimated to be ฿1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 5.3% in a year. Earnings are forecast to grow by 11% in the next year.Price Target Changed • Aug 20Price target increased by 14% to ฿1.32Up from ฿1.16, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ฿0.93. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of ฿0.088 for next year compared to ฿0.067 last year.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.023 (vs ฿0.016 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.023 (up from ฿0.016 in 2Q 2024). Revenue: ฿198.8m (up 13% from 2Q 2024). Net income: ฿16.0m (up 45% from 2Q 2024). Profit margin: 8.1% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.022 (vs ฿0.015 in 1Q 2024)First quarter 2025 results: EPS: ฿0.022 (up from ฿0.015 in 1Q 2024). Revenue: ฿202.5m (up 14% from 1Q 2024). Net income: ฿15.2m (up 46% from 1Q 2024). Profit margin: 7.5% (up from 5.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 April 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (7.7%). Lower than average of industry peers (6.0%).お知らせ • Mar 28ATP 30 Public Company Limited Approves the Appointment of Sujit Panvongpaiboon as DirectorATP 30 Public Company Limited at the Annual General Meeting of Shareholders held on March 28, 2025 approved the appointment of Sujit Panvongpaiboon as director.Declared Dividend • Feb 21Dividend increased to ฿0.03Dividend of ฿0.03 is 50% higher than last year. Ex-date: 8th April 2025 Payment date: 25th April 2025 Dividend yield will be 3.3%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.New Risk • Feb 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿607.3m market cap, or US$18.1m).お知らせ • Feb 19ATP 30 Public Company Limited Proposes Cash Dividend Payment for the Period from January 1, 2024 to December 31, 2024, Payable on April 25, 2025ATP 30 Public Company Limited at its Annual General Meeting of Shareholders to be held on March 28, 2025, proposed the cash dividend payment of THB 0.03 per share for the period from January 1, 2024 to December 31, 2024. Payment date is April 25, 2025, Ex-dividend date is April 08, 2025 and Record date for the right to receive dividends April 09, 2025.Reported Earnings • Feb 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ฿0.067 (up from ฿0.042 in FY 2023). Revenue: ฿730.6m (up 8.8% from FY 2023). Net income: ฿45.5m (up 57% from FY 2023). Profit margin: 6.2% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.お知らせ • Feb 19ATP 30 Public Company Limited, Annual General Meeting, Mar 28, 2025ATP 30 Public Company Limited, Annual General Meeting, Mar 28, 2025, at 10:00 SE Asia Standard Time.Major Estimate Revision • Dec 21Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿707.0m to ฿730.0m. EPS estimate increased from ฿0.06 to ฿0.073 per share. Net income forecast to grow 13% next year vs 13% growth forecast for Transportation industry in Thailand. Consensus price target up from ฿1.16 to ฿1.25. Share price fell 5.0% to ฿0.95 over the past week.Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: ฿0.018 (vs ฿0.013 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.018 (up from ฿0.013 in 3Q 2023). Revenue: ฿182.2m (up 7.6% from 3Q 2023). Net income: ฿12.0m (up 33% from 3Q 2023). Profit margin: 6.6% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.016 (vs ฿0.011 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.016 (up from ฿0.011 in 2Q 2023). Revenue: ฿176.6m (up 9.7% from 2Q 2023). Net income: ฿11.1m (up 53% from 2Q 2023). Profit margin: 6.3% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.015 (vs ฿0.004 in 1Q 2023)First quarter 2024 results: EPS: ฿0.015 (up from ฿0.004 in 1Q 2023). Revenue: ฿177.2m (up 6.2% from 1Q 2023). Net income: ฿10.4m (up 244% from 1Q 2023). Profit margin: 5.9% (up from 1.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year.Upcoming Dividend • Apr 04Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (5.4%).Declared Dividend • Feb 25Dividend reduced to ฿0.02Dividend of ฿0.02 is 33% lower than last year. Ex-date: 12th April 2024 Payment date: 30th April 2024 Dividend yield will be 1.9%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is well covered by cash flows (16% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • Feb 24New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 12% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿723.2m market cap, or US$20.1m).お知らせ • Feb 24+ 1 more updateATP 30 Public Company Limited, Annual General Meeting, Apr 02, 2024ATP 30 Public Company Limited, Annual General Meeting, Apr 02, 2024, at 14:00 SE Asia Standard Time. Agenda: To approve the minutes of the 2023 Annual General Meeting; to acknowledge the report of the Company's operation results for the fiscal period ended December 31, 2023; to approve the financial statements for the year ended December 31, 2023, which have been audited by the certified public accountant; to approve the allocation of profit as legal reserve and payment of dividend according to the to the operation results in the year 2023; to approve the appointment of the directors to replace the directors who will be retired by rotation; to approve the appointment of the auditor and the determination of the audit fee for the year 2024; and to consider other matters (If any).New Risk • Jan 15New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (฿818.8m market cap, or US$23.4m).Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.013 (vs ฿0.008 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.013 (up from ฿0.008 in 3Q 2022). Revenue: ฿169.4m (up 1.7% from 3Q 2022). Net income: ฿9.07m (up 64% from 3Q 2022). Profit margin: 5.4% (up from 3.3% in 3Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Nov 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 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: Minor Risks Dividend is not well covered by earnings (135% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (฿627.7m market cap, or US$17.5m).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.016 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.011 (down from ฿0.016 in 2Q 2022). Revenue: ฿161.0m (up 1.4% from 2Q 2022). Net income: ฿7.21m (down 35% from 2Q 2022). Profit margin: 4.5% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Transportation 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 10% per year, which means it is well ahead of earnings.Reported Earnings • May 15First quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.019 in 1Q 2022)First quarter 2023 results: EPS: ฿0.004 (down from ฿0.019 in 1Q 2022). Revenue: ฿166.9m (up 9.0% from 1Q 2022). Net income: ฿3.04m (down 77% from 1Q 2022). Profit margin: 1.8% (down from 8.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Buying Opportunity • May 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be ฿1.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 7.7%.Buying Opportunity • Apr 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be ฿1.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 7.3%.Upcoming Dividend • Apr 03Upcoming dividend of ฿0.03 per share at 2.2% yieldEligible shareholders must have bought the stock before 10 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (4.4%).Reported Earnings • Feb 24Full year 2022 earnings released: EPS: ฿0.043 (vs ฿0.049 in FY 2021)Full year 2022 results: EPS: ฿0.043 (down from ฿0.049 in FY 2021). Revenue: ฿632.5m (up 28% from FY 2021). Net income: ฿29.2m (down 12% from FY 2021). Profit margin: 4.6% (down from 6.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Board Change • Jan 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Prasert Akaraprathompong was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿0.016 (vs ฿0.002 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.016 (up from ฿0.002 in 2Q 2021). Revenue: ฿158.7m (up 45% from 2Q 2021). Net income: ฿11.1m (up ฿9.62m from 2Q 2021). Profit margin: 7.0% (up from 1.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 13% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • May 11First quarter 2022 earnings released: EPS: ฿0.02 (vs ฿0.015 in 1Q 2021)First quarter 2022 results: EPS: ฿0.02 (up from ฿0.015 in 1Q 2021). Revenue: ฿153.2m (up 39% from 1Q 2021). Net income: ฿13.2m (up 35% from 1Q 2021). Profit margin: 8.6% (down from 8.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿2.02, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 22x in the Transportation industry in Asia. Total returns to shareholders of 57% over the past three years.Price Target Changed • Apr 27Price target increased to ฿2.53Up from ฿2.27, the current price target is provided by 1 analyst. New target price is 9.1% above last closing price of ฿2.32. Stock is up 89% over the past year. The company is forecast to post earnings per share of ฿0.076 for next year compared to ฿0.049 last year.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.46, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 23x in the Transportation industry in Asia. Total returns to shareholders of 79% over the past three years.Upcoming Dividend • Apr 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 April 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.4%).Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: ฿0.049 (up from ฿0.047 in FY 2020). Revenue: ฿495.6m (up 27% from FY 2020). Net income: ฿33.1m (up 15% from FY 2020). Profit margin: 6.7% (down from 7.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.3%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿1.87, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 22x in the Transportation industry in Thailand. Total returns to shareholders of 25% over the past three years.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.018 (vs ฿0.016 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿135.4m (up 40% from 3Q 2020). Net income: ฿12.5m (up 25% from 3Q 2020). Profit margin: 9.2% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿1.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Transportation industry in Asia. Total loss to shareholders of 2.9% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.002 (vs ฿0.006 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: ฿109.4m (up 26% from 2Q 2020). Net income: ฿1.45m (down 59% from 2Q 2020). Profit margin: 1.3% (down from 4.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.015 (vs ฿0.009 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿110.5m (up 7.2% from 1Q 2020). Net income: ฿9.81m (up 80% from 1Q 2020). Profit margin: 8.9% (up from 5.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.Upcoming Dividend • Apr 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 April 2021. Payment date: 30 April 2021. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.9%).Is New 90 Day High Low • Mar 02New 90-day high: ฿1.26The company is up 31% from its price of ฿0.96 on 02 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 9.0% over the same period.Reported Earnings • Feb 28Full year 2020 earnings released: EPS ฿0.047 (vs ฿0.079 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿391.7m (down 15% from FY 2019). Net income: ฿28.8m (down 39% from FY 2019). Profit margin: 7.3% (down from 10% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year.Analyst Estimate Surprise Post Earnings • Feb 28Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 17%, compared to a 16% growth forecast for the Transportation industry in Thailand.Is New 90 Day High Low • Feb 05New 90-day high: ฿1.24The company is up 51% from its price of ฿0.82 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 2.0% over the same period.Is New 90 Day High Low • Jan 21New 90-day high: ฿1.16The company is up 43% from its price of ฿0.81 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 6.0% over the same period.Is New 90 Day High Low • Dec 15New 90-day high: ฿0.99The company is up 24% from its price of ฿0.80 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 2.0% over the same period.Is New 90 Day High Low • Nov 13New 90-day high: ฿0.89The company is up 13% from its price of ฿0.79 on 14 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 4.0% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.016The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿96.9m (down 17% from 3Q 2019). Net income: ฿10.0m (down 21% from 3Q 2019). Profit margin: 10% (in line with 3Q 2019). 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 21% per year, which means it is significantly lagging earnings.業績と収益の成長予測SET:ATP30 - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202789170213N/A112/31/202684863220N/A13/31/202679853185197N/A12/31/202580559187197N/A9/30/202580058171179N/A6/30/202577855159167N/A3/31/202575650150156N/A12/31/202473146142147N/A9/30/202471043145150N/A6/30/202469740147151N/A3/31/202468236146151N/A12/31/202367129132137N/A9/30/202365119127132N/A6/30/202364815123130N/A3/31/202364619127134N/A12/31/202263229128135N/A9/30/202261939142149N/A6/30/202258846129140N/A3/31/202253837105120N/A12/31/20214963398126N/A9/30/20214603472109N/A6/30/20214223175112N/A3/31/20213993387121N/A12/31/20203922989109N/A9/30/202040130108119N/A6/30/202042132113120N/A3/31/202044840109116N/A12/31/201945947N/A126N/A9/30/201945646N/A105N/A6/30/201944945N/A99N/A3/31/201943643N/A94N/A12/31/201842441N/A89N/A9/30/201840941N/A91N/A6/30/201838839N/A85N/A3/31/201837035N/A78N/A12/31/201734926N/A70N/A9/30/201733119N/A69N/A6/30/201732119N/A67N/A3/31/201731221N/A58N/A12/31/201630322N/A55N/A9/30/201629324N/A48N/A6/30/201628118N/A37N/A3/31/201627213N/A38N/A12/31/201526612N/A42N/A9/30/20152617N/A39N/A6/30/20152558N/A40N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ATP30の予測収益成長率 (年間15.5% ) は 貯蓄率 ( 2.2% ) を上回っています。収益対市場: ATP30の収益 ( 15.5% ) はTH市場 ( 10.6% ) よりも速いペースで成長すると予測されています。高成長収益: ATP30の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: ATP30の収益 ( 6.2% ) TH市場 ( 9.8% ) よりも低い成長が予測されています。高い収益成長: ATP30の収益 ( 6.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ATP30の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/08 01:33終値2026/06/08 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ATP 30 Public Company Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Wilasinee BoonmasungsongGloblex Securities Co. Ltd.
Price Target Changed • Aug 20Price target increased by 14% to ฿1.32Up from ฿1.16, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ฿0.93. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of ฿0.088 for next year compared to ฿0.067 last year.
Major Estimate Revision • Dec 21Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿707.0m to ฿730.0m. EPS estimate increased from ฿0.06 to ฿0.073 per share. Net income forecast to grow 13% next year vs 13% growth forecast for Transportation industry in Thailand. Consensus price target up from ฿1.16 to ฿1.25. Share price fell 5.0% to ฿0.95 over the past week.
Price Target Changed • Apr 27Price target increased to ฿2.53Up from ฿2.27, the current price target is provided by 1 analyst. New target price is 9.1% above last closing price of ฿2.32. Stock is up 89% over the past year. The company is forecast to post earnings per share of ฿0.076 for next year compared to ฿0.049 last year.
Upcoming Dividend • Mar 31Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 07 April 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (6.1%).
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.09 (vs ฿0.067 in FY 2024)Full year 2025 results: EPS: ฿0.09 (up from ฿0.067 in FY 2024). Revenue: ฿805.4m (up 10% from FY 2024). Net income: ฿58.5m (up 28% from FY 2024). Profit margin: 7.3% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Declared Dividend • Feb 23Dividend increased to ฿0.04Dividend of ฿0.04 is 33% higher than last year. Ex-date: 7th April 2026 Payment date: 24th April 2026 Dividend yield will be 4.3%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.0% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 21+ 1 more updateATP 30 Public Company Limited announces Annual dividend, payable on April 24, 2026ATP 30 Public Company Limited announced Annual dividend of THB 0.0400 per share payable on April 24, 2026, ex-date on April 07, 2026 and record date on April 08, 2026.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ฿0.022 (vs ฿0.018 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.022 (up from ฿0.018 in 3Q 2024). Revenue: ฿204.5m (up 12% from 3Q 2024). Net income: ฿15.0m (up 25% from 3Q 2024). Profit margin: 7.3% (up from 6.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Oct 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to ฿0.85. The fair value is estimated to be ฿1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 5.3% in a year. Earnings are forecast to grow by 11% in the next year.
Price Target Changed • Aug 20Price target increased by 14% to ฿1.32Up from ฿1.16, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ฿0.93. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of ฿0.088 for next year compared to ฿0.067 last year.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.023 (vs ฿0.016 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.023 (up from ฿0.016 in 2Q 2024). Revenue: ฿198.8m (up 13% from 2Q 2024). Net income: ฿16.0m (up 45% from 2Q 2024). Profit margin: 8.1% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.022 (vs ฿0.015 in 1Q 2024)First quarter 2025 results: EPS: ฿0.022 (up from ฿0.015 in 1Q 2024). Revenue: ฿202.5m (up 14% from 1Q 2024). Net income: ฿15.2m (up 46% from 1Q 2024). Profit margin: 7.5% (up from 5.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 April 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (7.7%). Lower than average of industry peers (6.0%).
お知らせ • Mar 28ATP 30 Public Company Limited Approves the Appointment of Sujit Panvongpaiboon as DirectorATP 30 Public Company Limited at the Annual General Meeting of Shareholders held on March 28, 2025 approved the appointment of Sujit Panvongpaiboon as director.
Declared Dividend • Feb 21Dividend increased to ฿0.03Dividend of ฿0.03 is 50% higher than last year. Ex-date: 8th April 2025 Payment date: 25th April 2025 Dividend yield will be 3.3%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
New Risk • Feb 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿607.3m market cap, or US$18.1m).
お知らせ • Feb 19ATP 30 Public Company Limited Proposes Cash Dividend Payment for the Period from January 1, 2024 to December 31, 2024, Payable on April 25, 2025ATP 30 Public Company Limited at its Annual General Meeting of Shareholders to be held on March 28, 2025, proposed the cash dividend payment of THB 0.03 per share for the period from January 1, 2024 to December 31, 2024. Payment date is April 25, 2025, Ex-dividend date is April 08, 2025 and Record date for the right to receive dividends April 09, 2025.
Reported Earnings • Feb 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ฿0.067 (up from ฿0.042 in FY 2023). Revenue: ฿730.6m (up 8.8% from FY 2023). Net income: ฿45.5m (up 57% from FY 2023). Profit margin: 6.2% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
お知らせ • Feb 19ATP 30 Public Company Limited, Annual General Meeting, Mar 28, 2025ATP 30 Public Company Limited, Annual General Meeting, Mar 28, 2025, at 10:00 SE Asia Standard Time.
Major Estimate Revision • Dec 21Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿707.0m to ฿730.0m. EPS estimate increased from ฿0.06 to ฿0.073 per share. Net income forecast to grow 13% next year vs 13% growth forecast for Transportation industry in Thailand. Consensus price target up from ฿1.16 to ฿1.25. Share price fell 5.0% to ฿0.95 over the past week.
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: ฿0.018 (vs ฿0.013 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.018 (up from ฿0.013 in 3Q 2023). Revenue: ฿182.2m (up 7.6% from 3Q 2023). Net income: ฿12.0m (up 33% from 3Q 2023). Profit margin: 6.6% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.016 (vs ฿0.011 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.016 (up from ฿0.011 in 2Q 2023). Revenue: ฿176.6m (up 9.7% from 2Q 2023). Net income: ฿11.1m (up 53% from 2Q 2023). Profit margin: 6.3% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.015 (vs ฿0.004 in 1Q 2023)First quarter 2024 results: EPS: ฿0.015 (up from ฿0.004 in 1Q 2023). Revenue: ฿177.2m (up 6.2% from 1Q 2023). Net income: ฿10.4m (up 244% from 1Q 2023). Profit margin: 5.9% (up from 1.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year.
Upcoming Dividend • Apr 04Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (5.4%).
Declared Dividend • Feb 25Dividend reduced to ฿0.02Dividend of ฿0.02 is 33% lower than last year. Ex-date: 12th April 2024 Payment date: 30th April 2024 Dividend yield will be 1.9%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is well covered by cash flows (16% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • Feb 24New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 12% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿723.2m market cap, or US$20.1m).
お知らせ • Feb 24+ 1 more updateATP 30 Public Company Limited, Annual General Meeting, Apr 02, 2024ATP 30 Public Company Limited, Annual General Meeting, Apr 02, 2024, at 14:00 SE Asia Standard Time. Agenda: To approve the minutes of the 2023 Annual General Meeting; to acknowledge the report of the Company's operation results for the fiscal period ended December 31, 2023; to approve the financial statements for the year ended December 31, 2023, which have been audited by the certified public accountant; to approve the allocation of profit as legal reserve and payment of dividend according to the to the operation results in the year 2023; to approve the appointment of the directors to replace the directors who will be retired by rotation; to approve the appointment of the auditor and the determination of the audit fee for the year 2024; and to consider other matters (If any).
New Risk • Jan 15New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (฿818.8m market cap, or US$23.4m).
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.013 (vs ฿0.008 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.013 (up from ฿0.008 in 3Q 2022). Revenue: ฿169.4m (up 1.7% from 3Q 2022). Net income: ฿9.07m (up 64% from 3Q 2022). Profit margin: 5.4% (up from 3.3% in 3Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Nov 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 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: Minor Risks Dividend is not well covered by earnings (135% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (฿627.7m market cap, or US$17.5m).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.016 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.011 (down from ฿0.016 in 2Q 2022). Revenue: ฿161.0m (up 1.4% from 2Q 2022). Net income: ฿7.21m (down 35% from 2Q 2022). Profit margin: 4.5% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Transportation 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 10% per year, which means it is well ahead of earnings.
Reported Earnings • May 15First quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.019 in 1Q 2022)First quarter 2023 results: EPS: ฿0.004 (down from ฿0.019 in 1Q 2022). Revenue: ฿166.9m (up 9.0% from 1Q 2022). Net income: ฿3.04m (down 77% from 1Q 2022). Profit margin: 1.8% (down from 8.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Buying Opportunity • May 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be ฿1.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 7.7%.
Buying Opportunity • Apr 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be ฿1.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 7.3%.
Upcoming Dividend • Apr 03Upcoming dividend of ฿0.03 per share at 2.2% yieldEligible shareholders must have bought the stock before 10 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (4.4%).
Reported Earnings • Feb 24Full year 2022 earnings released: EPS: ฿0.043 (vs ฿0.049 in FY 2021)Full year 2022 results: EPS: ฿0.043 (down from ฿0.049 in FY 2021). Revenue: ฿632.5m (up 28% from FY 2021). Net income: ฿29.2m (down 12% from FY 2021). Profit margin: 4.6% (down from 6.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Board Change • Jan 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Prasert Akaraprathompong was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿0.016 (vs ฿0.002 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.016 (up from ฿0.002 in 2Q 2021). Revenue: ฿158.7m (up 45% from 2Q 2021). Net income: ฿11.1m (up ฿9.62m from 2Q 2021). Profit margin: 7.0% (up from 1.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 13% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: ฿0.02 (vs ฿0.015 in 1Q 2021)First quarter 2022 results: EPS: ฿0.02 (up from ฿0.015 in 1Q 2021). Revenue: ฿153.2m (up 39% from 1Q 2021). Net income: ฿13.2m (up 35% from 1Q 2021). Profit margin: 8.6% (down from 8.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿2.02, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 22x in the Transportation industry in Asia. Total returns to shareholders of 57% over the past three years.
Price Target Changed • Apr 27Price target increased to ฿2.53Up from ฿2.27, the current price target is provided by 1 analyst. New target price is 9.1% above last closing price of ฿2.32. Stock is up 89% over the past year. The company is forecast to post earnings per share of ฿0.076 for next year compared to ฿0.049 last year.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.46, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 23x in the Transportation industry in Asia. Total returns to shareholders of 79% over the past three years.
Upcoming Dividend • Apr 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 April 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.4%).
Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: ฿0.049 (up from ฿0.047 in FY 2020). Revenue: ฿495.6m (up 27% from FY 2020). Net income: ฿33.1m (up 15% from FY 2020). Profit margin: 6.7% (down from 7.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.3%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿1.87, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 22x in the Transportation industry in Thailand. Total returns to shareholders of 25% over the past three years.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.018 (vs ฿0.016 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿135.4m (up 40% from 3Q 2020). Net income: ฿12.5m (up 25% from 3Q 2020). Profit margin: 9.2% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿1.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Transportation industry in Asia. Total loss to shareholders of 2.9% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.002 (vs ฿0.006 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: ฿109.4m (up 26% from 2Q 2020). Net income: ฿1.45m (down 59% from 2Q 2020). Profit margin: 1.3% (down from 4.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.015 (vs ฿0.009 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿110.5m (up 7.2% from 1Q 2020). Net income: ฿9.81m (up 80% from 1Q 2020). Profit margin: 8.9% (up from 5.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.
Upcoming Dividend • Apr 01Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 08 April 2021. Payment date: 30 April 2021. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.9%).
Is New 90 Day High Low • Mar 02New 90-day high: ฿1.26The company is up 31% from its price of ฿0.96 on 02 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 9.0% over the same period.
Reported Earnings • Feb 28Full year 2020 earnings released: EPS ฿0.047 (vs ฿0.079 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿391.7m (down 15% from FY 2019). Net income: ฿28.8m (down 39% from FY 2019). Profit margin: 7.3% (down from 10% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year.
Analyst Estimate Surprise Post Earnings • Feb 28Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 17%, compared to a 16% growth forecast for the Transportation industry in Thailand.
Is New 90 Day High Low • Feb 05New 90-day high: ฿1.24The company is up 51% from its price of ฿0.82 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Jan 21New 90-day high: ฿1.16The company is up 43% from its price of ฿0.81 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Dec 15New 90-day high: ฿0.99The company is up 24% from its price of ฿0.80 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Nov 13New 90-day high: ฿0.89The company is up 13% from its price of ฿0.79 on 14 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 4.0% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.016The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿96.9m (down 17% from 3Q 2019). Net income: ฿10.0m (down 21% from 3Q 2019). Profit margin: 10% (in line with 3Q 2019). 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 21% per year, which means it is significantly lagging earnings.