View Future GrowthSamart Aviation Solutions 過去の業績過去 基準チェック /36Samart Aviation Solutionsは、平均年間38%の収益成長を遂げていますが、 Infrastructure業界の収益は、年間 成長しています。収益は、平均年間21.3% 14.2%収益成長率で 成長しています。 Samart Aviation Solutionsの自己資本利益率は34.6%であり、純利益率は26.5%です。主要情報37.96%収益成長率35.64%EPS成長率Infrastructure 業界の成長-16.22%収益成長率14.17%株主資本利益率34.63%ネット・マージン26.48%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 18First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: ฿0.22 (up from ฿0.22 in 1Q 2025). Revenue: ฿491.0m (down 1.7% from 1Q 2025). Net income: ฿143.1m (up 1.0% from 1Q 2025). Profit margin: 29% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.85 (vs ฿0.73 in FY 2024)Full year 2025 results: EPS: ฿0.85 (up from ฿0.73 in FY 2024). Revenue: ฿2.07b (up 18% from FY 2024). Net income: ฿545.8m (up 18% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Infrastructure industry in Asia.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2025 results: EPS: ฿0.20 (up from ฿0.20 in 3Q 2024). Revenue: ฿591.1m (up 36% from 3Q 2024). Net income: ฿128.1m (up 1.6% from 3Q 2024). Profit margin: 22% (down from 29% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: ฿0.20 (up from ฿0.18 in 2Q 2024). Revenue: ฿477.0m (up 8.3% from 2Q 2024). Net income: ฿130.0m (up 12% from 2Q 2024). Profit margin: 27% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia.Reported Earnings • May 09First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: ฿0.22 (up from ฿0.15 in 1Q 2024). Revenue: ฿499.7m (up 22% from 1Q 2024). Net income: ฿141.7m (up 50% from 1Q 2024). Profit margin: 28% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Thailand.Reported Earnings • Feb 20Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿0.73 (up from ฿0.46 in FY 2023). Revenue: ฿1.76b (up 6.7% from FY 2023). Net income: ฿464.3m (up 71% from FY 2023). Profit margin: 26% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Infrastructure industry in Thailand.すべての更新を表示Recent updatesReported Earnings • May 18First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: ฿0.22 (up from ฿0.22 in 1Q 2025). Revenue: ฿491.0m (down 1.7% from 1Q 2025). Net income: ฿143.1m (up 1.0% from 1Q 2025). Profit margin: 29% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.Buy Or Sell Opportunity • Mar 04Now 23% undervaluedOver the last 90 days, the stock has risen 6.5% to ฿11.50. The fair value is estimated to be ฿14.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.Declared Dividend • Feb 28Final dividend of ฿0.50 announcedDividend of ฿0.50 is the same as last year. Ex-date: 18th March 2026 Payment date: 15th May 2026 Dividend yield will be 6.7%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 22% over the next 3 years, which should be enough to bring the dividend into a sustainable range.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.85 (vs ฿0.73 in FY 2024)Full year 2025 results: EPS: ฿0.85 (up from ฿0.73 in FY 2024). Revenue: ฿2.07b (up 18% from FY 2024). Net income: ฿545.8m (up 18% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Infrastructure industry in Asia.お知らせ • Feb 26+ 1 more updateSamart Aviation Solutions Public Company Limited Proposes Dividend for Operating Period from January 01, 2025 to December 31, 2025, Payable on May 15, 2026Samart Aviation Solutions Public Company Limited proposed dividend for fiscal year 2025 at THB 0.90 per share. The interim dividend at THB 0.40 per share was paid to shareholders on September 11, 2025, the remaining of THB 0.50 per share to the eligible shareholders for dividend payment on March 19, 2026 (Record date) and the proposed payment date will be on May 15, 2026. However, The right to receive dividend payment is uncertain until it is approved by the 2026 Annual General Meeting of Shareholders. Ex-dividend date 18-Mar-2026. Paid from Operating period from January 01, 2025 to December 31, 2025 and Retained Earnings.Price Target Changed • Jan 15Price target decreased by 21% to ฿17.05Down from ฿21.50, the current price target is an average from 2 analysts. New target price is 44% above last closing price of ฿11.80. Stock is down 36% over the past year. The company is forecast to post earnings per share of ฿0.86 for next year compared to ฿0.73 last year.New Risk • Dec 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).Buy Or Sell Opportunity • Dec 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ฿11.30. The fair value is estimated to be ฿14.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2025 results: EPS: ฿0.20 (up from ฿0.20 in 3Q 2024). Revenue: ฿591.1m (up 36% from 3Q 2024). Net income: ฿128.1m (up 1.6% from 3Q 2024). Profit margin: 22% (down from 29% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿13.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Infrastructure industry in Asia. Total loss to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿12.02 per share.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 26 August 2025. Payment date: 11 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.2%. Within top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (2.5%).Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: ฿0.20 (up from ฿0.18 in 2Q 2024). Revenue: ฿477.0m (up 8.3% from 2Q 2024). Net income: ฿130.0m (up 12% from 2Q 2024). Profit margin: 27% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia.Buy Or Sell Opportunity • Jul 24Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to ฿11.60. The fair value is estimated to be ฿15.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿13.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total loss to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿15.59 per share.New Risk • Jun 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 114% Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿12.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total loss to shareholders of 40% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿16.29 per share.Buy Or Sell Opportunity • Jun 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to ฿12.70. The fair value is estimated to be ฿16.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Price Target Changed • Jun 05Price target decreased by 9.4% to ฿24.63Down from ฿27.17, the current price target is an average from 2 analysts. New target price is 70% above last closing price of ฿14.50. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿0.81 for next year compared to ฿0.73 last year.Buy Or Sell Opportunity • May 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿15.00. The fair value is estimated to be ฿18.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿17.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Infrastructure industry in Thailand. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿19.07 per share.Reported Earnings • May 09First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: ฿0.22 (up from ฿0.15 in 1Q 2024). Revenue: ฿499.7m (up 22% from 1Q 2024). Net income: ฿141.7m (up 50% from 1Q 2024). Profit margin: 28% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Thailand.Buy Or Sell Opportunity • May 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿15.10. The fair value is estimated to be ฿19.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.お知らせ • Apr 25+ 1 more updateSamart Aviation Solutions Public Company Limited (SET:SAV) announces an Equity Buyback for 12,800,000 shares, representing 2% for THB 180 million.Samart Aviation Solutions Public Company Limited (SET:SAV) announces a share repurchase program. Under the program, the company will repurchase up to 12,800,000 shares, representing 2% of its outstanding share capital, for a total cost of THB 180 million. The repurchase price shall not exceed 115% of the average closing price in the period of 5 consecutive business days prior to each repurchase date. The share repurchase will result in increased return on equity and earning per share. The plan will continue until October 31, 2025. As of March 13, 2025, the company had 640,000,000 shares.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿16.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Infrastructure industry in Thailand. Total loss to shareholders of 6.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿16.83 per share.Buy Or Sell Opportunity • Apr 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 33% to ฿13.50. The fair value is estimated to be ฿16.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Upcoming Dividend • Mar 05Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 12 March 2025. Payment date: 16 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.5%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.3%).New Risk • Feb 21New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 152% Cash payout ratio: 137% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 20Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿0.73 (up from ฿0.46 in FY 2023). Revenue: ฿1.76b (up 6.7% from FY 2023). Net income: ฿464.3m (up 71% from FY 2023). Profit margin: 26% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Infrastructure industry in Thailand.お知らせ • Feb 19Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 24, 2025Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:30 SE Asia Standard Time. Location: meeting room 16th fl, software park building, 99/20 moo 4, chaengwattana rd, klong gluar, pak-kred, nonthaburi 11120 ThailandBuy Or Sell Opportunity • Jan 03Now 22% overvaluedOver the last 90 days, the stock has fallen 9.0% to ฿20.20. The fair value is estimated to be ฿16.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Upcoming Dividend • Nov 14Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 21 November 2024. Payment date: 06 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Lower than top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (1.0%).Buy Or Sell Opportunity • Oct 09Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿23.50. The fair value is estimated to be ฿19.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Buy Or Sell Opportunity • Aug 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.6% to ฿20.20. The fair value is estimated to be ฿25.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Buy Or Sell Opportunity • Aug 05Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.9% to ฿19.40. The fair value is estimated to be ฿25.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Reported Earnings • Aug 03Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿0.18 (up from ฿0.14 in 2Q 2023). Revenue: ฿440.5m (up 20% from 2Q 2023). Net income: ฿116.3m (up 40% from 2Q 2023). Profit margin: 26% (up from 23% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Asia.New Risk • Jul 26New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Cash payout ratio: 304% Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change).Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.053 in 1Q 2023)First quarter 2024 results: EPS: US$0.15 (up from US$0.053 in 1Q 2023). Revenue: US$417.0m (up 22% from 1Q 2023). Net income: US$94.3m (up 207% from 1Q 2023). Profit margin: 23% (up from 9.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Thailand are expected to grow by 13%.Buy Or Sell Opportunity • Mar 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to ฿19.40. The fair value is estimated to be ฿16.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.お知らせ • Feb 23Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 25, 2024Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:30 SE Asia Standard Time. Location: Meeting Room 16th Fl., Software Park Building, 99/20 Moo 4, Chaengwattana Rd., Klong Gluar, Pak-kred, Nonthaburi 11120 Nonthaburi Thailand Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders held on March 15, 2023; to acknowledge the Company's 2023 operating results and Annual Report; to consider and approve the Company's Statement of Financial Position and Profit and Loss Statement for the year ended December 31, 2023; to consider and approve the appropriation of legal reserve and dividend payment for 2023; to consider and approve the appointment of Company's directors to replace of those who will retire by rotation for 2024; to consider and approve to fix the remuneration of the Board of Directors and the Committees for 2024; and to consider other matters.Reported Earnings • Feb 22Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.46 (up from ฿0.35 in FY 2022). Revenue: ฿1.65b (up 35% from FY 2022). Net income: ฿271.6m (up 36% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Infrastructure industry in Thailand.Buying Opportunity • Nov 21Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿17.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last year. Earnings per share has grown by 106%. Revenue is forecast to grow by 64% in 2 years. Earnings is forecast to grow by 144% in the next 2 years.Reported Earnings • Nov 10Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: ฿0.16 (up from ฿0.13 in 3Q 2022). Revenue: ฿401.6m (up 18% from 3Q 2022). Net income: ฿90.8m (up 18% from 3Q 2022). Profit margin: 23% (in line with 3Q 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Infrastructure industry in Asia.お知らせ • Oct 05Samart Aviation Solutions Public Company Limited Announces Interim Cash Dividend for the Operating Period from 01 January 2023 to 30 June 2023, Payable on 31 October 2023Samart Aviation Solutions Public Company Limited announced interim cash dividend of THB 0.75 per share for the operating period from 01 January 2023 to 30 June 2023. Record date for the right to receive dividends is 17 October 2023; Ex-dividend date is 16 October 2023; Payment date is 31 October 2023.お知らせ • Sep 27Samart Aviation Solutions Public Company Limited has completed an IPO in the amount of THB 3.154 billion.Samart Aviation Solutions Public Company Limited has completed an IPO in the amount of THB 3.154 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 154,257,452 Price\Range: THB 19 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,742,548 Price\Range: THB 19 Transaction Features: Rights Offering収支内訳Samart Aviation Solutions の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:SAV 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 262,066547250031 Dec 252,075546250030 Sep 252,041527263030 Jun 251,886525265031 Mar 251,850512271031 Dec 241,759464272030 Sep 241,821403261030 Jun 241,787368265031 Mar 241,715335260031 Dec 231,648272263030 Sep 231,464270273030 Jun 231,394267259031 Mar 231,294207243031 Dec 221,220200225031 Dec 21459-74201030 Jun 192,020388292031 Mar 191,975321283031 Dec 181,930253275031 Dec 171,855318569031 Dec 161,7712795410質の高い収益: SAVは 高品質の収益 を持っています。利益率の向上: SAVの現在の純利益率 (26.5%)は、昨年(27.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SAVの収益は過去 5 年間で年間38%増加しました。成長の加速: SAVの過去 1 年間の収益成長率 ( 6.9% ) は、5 年間の平均 ( 年間38%を下回っています。収益対業界: SAVの過去 1 年間の収益成長率 ( 6.9% ) Infrastructure業界13.7%を上回りませんでした。株主資本利益率高いROE: SAVの 自己資本利益率 ( 34.6% ) は 高い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTransportation 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 18:39終値2026/05/22 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Samart Aviation Solutions Public Company Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Dithanop VattanawakinKrungsri Securities Public Company LimitedJindanuch PraveschotinuntYuanta Securities (Thailand) Company LimitedTeerat TanaratpinunYuanta Securities (Thailand) Company Limited
Reported Earnings • May 18First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: ฿0.22 (up from ฿0.22 in 1Q 2025). Revenue: ฿491.0m (down 1.7% from 1Q 2025). Net income: ฿143.1m (up 1.0% from 1Q 2025). Profit margin: 29% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.85 (vs ฿0.73 in FY 2024)Full year 2025 results: EPS: ฿0.85 (up from ฿0.73 in FY 2024). Revenue: ฿2.07b (up 18% from FY 2024). Net income: ฿545.8m (up 18% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Infrastructure industry in Asia.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2025 results: EPS: ฿0.20 (up from ฿0.20 in 3Q 2024). Revenue: ฿591.1m (up 36% from 3Q 2024). Net income: ฿128.1m (up 1.6% from 3Q 2024). Profit margin: 22% (down from 29% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.
Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: ฿0.20 (up from ฿0.18 in 2Q 2024). Revenue: ฿477.0m (up 8.3% from 2Q 2024). Net income: ฿130.0m (up 12% from 2Q 2024). Profit margin: 27% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia.
Reported Earnings • May 09First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: ฿0.22 (up from ฿0.15 in 1Q 2024). Revenue: ฿499.7m (up 22% from 1Q 2024). Net income: ฿141.7m (up 50% from 1Q 2024). Profit margin: 28% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Thailand.
Reported Earnings • Feb 20Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿0.73 (up from ฿0.46 in FY 2023). Revenue: ฿1.76b (up 6.7% from FY 2023). Net income: ฿464.3m (up 71% from FY 2023). Profit margin: 26% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Infrastructure industry in Thailand.
Reported Earnings • May 18First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: ฿0.22 (up from ฿0.22 in 1Q 2025). Revenue: ฿491.0m (down 1.7% from 1Q 2025). Net income: ฿143.1m (up 1.0% from 1Q 2025). Profit margin: 29% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.
Buy Or Sell Opportunity • Mar 04Now 23% undervaluedOver the last 90 days, the stock has risen 6.5% to ฿11.50. The fair value is estimated to be ฿14.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.
Declared Dividend • Feb 28Final dividend of ฿0.50 announcedDividend of ฿0.50 is the same as last year. Ex-date: 18th March 2026 Payment date: 15th May 2026 Dividend yield will be 6.7%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 22% over the next 3 years, which should be enough to bring the dividend into a sustainable range.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.85 (vs ฿0.73 in FY 2024)Full year 2025 results: EPS: ฿0.85 (up from ฿0.73 in FY 2024). Revenue: ฿2.07b (up 18% from FY 2024). Net income: ฿545.8m (up 18% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Infrastructure industry in Asia.
お知らせ • Feb 26+ 1 more updateSamart Aviation Solutions Public Company Limited Proposes Dividend for Operating Period from January 01, 2025 to December 31, 2025, Payable on May 15, 2026Samart Aviation Solutions Public Company Limited proposed dividend for fiscal year 2025 at THB 0.90 per share. The interim dividend at THB 0.40 per share was paid to shareholders on September 11, 2025, the remaining of THB 0.50 per share to the eligible shareholders for dividend payment on March 19, 2026 (Record date) and the proposed payment date will be on May 15, 2026. However, The right to receive dividend payment is uncertain until it is approved by the 2026 Annual General Meeting of Shareholders. Ex-dividend date 18-Mar-2026. Paid from Operating period from January 01, 2025 to December 31, 2025 and Retained Earnings.
Price Target Changed • Jan 15Price target decreased by 21% to ฿17.05Down from ฿21.50, the current price target is an average from 2 analysts. New target price is 44% above last closing price of ฿11.80. Stock is down 36% over the past year. The company is forecast to post earnings per share of ฿0.86 for next year compared to ฿0.73 last year.
New Risk • Dec 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).
Buy Or Sell Opportunity • Dec 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ฿11.30. The fair value is estimated to be ฿14.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2025 results: EPS: ฿0.20 (up from ฿0.20 in 3Q 2024). Revenue: ฿591.1m (up 36% from 3Q 2024). Net income: ฿128.1m (up 1.6% from 3Q 2024). Profit margin: 22% (down from 29% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿13.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Infrastructure industry in Asia. Total loss to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿12.02 per share.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 26 August 2025. Payment date: 11 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.2%. Within top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (2.5%).
Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: ฿0.20 (up from ฿0.18 in 2Q 2024). Revenue: ฿477.0m (up 8.3% from 2Q 2024). Net income: ฿130.0m (up 12% from 2Q 2024). Profit margin: 27% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia.
Buy Or Sell Opportunity • Jul 24Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to ฿11.60. The fair value is estimated to be ฿15.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿13.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total loss to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿15.59 per share.
New Risk • Jun 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 114% Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿12.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total loss to shareholders of 40% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿16.29 per share.
Buy Or Sell Opportunity • Jun 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to ฿12.70. The fair value is estimated to be ฿16.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Price Target Changed • Jun 05Price target decreased by 9.4% to ฿24.63Down from ฿27.17, the current price target is an average from 2 analysts. New target price is 70% above last closing price of ฿14.50. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿0.81 for next year compared to ฿0.73 last year.
Buy Or Sell Opportunity • May 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿15.00. The fair value is estimated to be ฿18.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿17.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Infrastructure industry in Thailand. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿19.07 per share.
Reported Earnings • May 09First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: ฿0.22 (up from ฿0.15 in 1Q 2024). Revenue: ฿499.7m (up 22% from 1Q 2024). Net income: ฿141.7m (up 50% from 1Q 2024). Profit margin: 28% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Thailand.
Buy Or Sell Opportunity • May 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿15.10. The fair value is estimated to be ฿19.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
お知らせ • Apr 25+ 1 more updateSamart Aviation Solutions Public Company Limited (SET:SAV) announces an Equity Buyback for 12,800,000 shares, representing 2% for THB 180 million.Samart Aviation Solutions Public Company Limited (SET:SAV) announces a share repurchase program. Under the program, the company will repurchase up to 12,800,000 shares, representing 2% of its outstanding share capital, for a total cost of THB 180 million. The repurchase price shall not exceed 115% of the average closing price in the period of 5 consecutive business days prior to each repurchase date. The share repurchase will result in increased return on equity and earning per share. The plan will continue until October 31, 2025. As of March 13, 2025, the company had 640,000,000 shares.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿16.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Infrastructure industry in Thailand. Total loss to shareholders of 6.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿16.83 per share.
Buy Or Sell Opportunity • Apr 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 33% to ฿13.50. The fair value is estimated to be ฿16.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 12 March 2025. Payment date: 16 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.5%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.3%).
New Risk • Feb 21New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 152% Cash payout ratio: 137% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 20Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ฿0.73 (up from ฿0.46 in FY 2023). Revenue: ฿1.76b (up 6.7% from FY 2023). Net income: ฿464.3m (up 71% from FY 2023). Profit margin: 26% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Infrastructure industry in Thailand.
お知らせ • Feb 19Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 24, 2025Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:30 SE Asia Standard Time. Location: meeting room 16th fl, software park building, 99/20 moo 4, chaengwattana rd, klong gluar, pak-kred, nonthaburi 11120 Thailand
Buy Or Sell Opportunity • Jan 03Now 22% overvaluedOver the last 90 days, the stock has fallen 9.0% to ฿20.20. The fair value is estimated to be ฿16.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Upcoming Dividend • Nov 14Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 21 November 2024. Payment date: 06 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Lower than top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (1.0%).
Buy Or Sell Opportunity • Oct 09Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿23.50. The fair value is estimated to be ฿19.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Buy Or Sell Opportunity • Aug 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.6% to ฿20.20. The fair value is estimated to be ฿25.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Buy Or Sell Opportunity • Aug 05Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.9% to ฿19.40. The fair value is estimated to be ฿25.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Reported Earnings • Aug 03Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿0.18 (up from ฿0.14 in 2Q 2023). Revenue: ฿440.5m (up 20% from 2Q 2023). Net income: ฿116.3m (up 40% from 2Q 2023). Profit margin: 26% (up from 23% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in Asia.
New Risk • Jul 26New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Cash payout ratio: 304% Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change).
Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.053 in 1Q 2023)First quarter 2024 results: EPS: US$0.15 (up from US$0.053 in 1Q 2023). Revenue: US$417.0m (up 22% from 1Q 2023). Net income: US$94.3m (up 207% from 1Q 2023). Profit margin: 23% (up from 9.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Thailand are expected to grow by 13%.
Buy Or Sell Opportunity • Mar 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to ฿19.40. The fair value is estimated to be ฿16.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
お知らせ • Feb 23Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 25, 2024Samart Aviation Solutions Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:30 SE Asia Standard Time. Location: Meeting Room 16th Fl., Software Park Building, 99/20 Moo 4, Chaengwattana Rd., Klong Gluar, Pak-kred, Nonthaburi 11120 Nonthaburi Thailand Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders held on March 15, 2023; to acknowledge the Company's 2023 operating results and Annual Report; to consider and approve the Company's Statement of Financial Position and Profit and Loss Statement for the year ended December 31, 2023; to consider and approve the appropriation of legal reserve and dividend payment for 2023; to consider and approve the appointment of Company's directors to replace of those who will retire by rotation for 2024; to consider and approve to fix the remuneration of the Board of Directors and the Committees for 2024; and to consider other matters.
Reported Earnings • Feb 22Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.46 (up from ฿0.35 in FY 2022). Revenue: ฿1.65b (up 35% from FY 2022). Net income: ฿271.6m (up 36% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Infrastructure industry in Thailand.
Buying Opportunity • Nov 21Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿17.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last year. Earnings per share has grown by 106%. Revenue is forecast to grow by 64% in 2 years. Earnings is forecast to grow by 144% in the next 2 years.
Reported Earnings • Nov 10Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: ฿0.16 (up from ฿0.13 in 3Q 2022). Revenue: ฿401.6m (up 18% from 3Q 2022). Net income: ฿90.8m (up 18% from 3Q 2022). Profit margin: 23% (in line with 3Q 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Infrastructure industry in Asia.
お知らせ • Oct 05Samart Aviation Solutions Public Company Limited Announces Interim Cash Dividend for the Operating Period from 01 January 2023 to 30 June 2023, Payable on 31 October 2023Samart Aviation Solutions Public Company Limited announced interim cash dividend of THB 0.75 per share for the operating period from 01 January 2023 to 30 June 2023. Record date for the right to receive dividends is 17 October 2023; Ex-dividend date is 16 October 2023; Payment date is 31 October 2023.
お知らせ • Sep 27Samart Aviation Solutions Public Company Limited has completed an IPO in the amount of THB 3.154 billion.Samart Aviation Solutions Public Company Limited has completed an IPO in the amount of THB 3.154 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 154,257,452 Price\Range: THB 19 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,742,548 Price\Range: THB 19 Transaction Features: Rights Offering