Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.033 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (6.7%). New Risk • Mar 02
New major risk - Revenue and earnings growth Revenue has declined by 1.2% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Revenue has declined by 1.2% over the past year. High level of non-cash earnings (49% accrual ratio). Market cap is less than US$10m (฿247.0m market cap, or US$7.95m). Minor Risk Revenue is less than US$5m (฿147m revenue, or US$4.7m). 공시 • Feb 25
Panelesmatic Solutions Public Company Limited announces Annual dividend, payable on May 20, 2026 Panelesmatic Solutions Public Company Limited announced Annual dividend of THB 0.0330 per share payable on May 20, 2026, ex-date on April 29, 2026 and record date on April 30, 2026. 공시 • Feb 24
Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 22, 2026 Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time. New Risk • Nov 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (55% accrual ratio). Market cap is less than US$10m (฿248.9m market cap, or US$7.68m). Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.024 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.025 (up from ฿0.024 in 3Q 2024). Revenue: ฿39.1m (down 1.7% from 3Q 2024). Net income: ฿4.76m (up 3.6% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿1.39, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 11x in the Building industry in Thailand. Total returns to shareholders of 17% over the past year. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ฿0.023 (vs ฿0.012 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.023 (up from ฿0.012 in 2Q 2024). Revenue: ฿41.7m (up 39% from 2Q 2024). Net income: ฿4.41m (up 100% from 2Q 2024). Profit margin: 11% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: ฿0.025 (vs ฿0.01 in 1Q 2024) First quarter 2025 results: EPS: ฿0.025 (up from ฿0.01 in 1Q 2024). Revenue: ฿40.3m (up 50% from 1Q 2024). Net income: ฿4.73m (up 195% from 1Q 2024). Profit margin: 12% (up from 6.0% in 1Q 2024). The increase in margin was driven by higher revenue. New Risk • May 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (฿229.9m market cap, or US$6.95m). Minor Risk Revenue is less than US$5m (฿163m revenue, or US$4.9m). 공시 • Apr 24
Panelesmatic Solutions Public Company Limited Approves Cash Dividend for the Period Ended December 31, 2024, Payable on May 22, 2025 PanelesMatic Solutions Public Company Limited at its Annual General Meeting of Shareholders 2025, held on 23 April 2025, approved to pay dividends; for the Company's operating results for the accounting period ending 31 December 2024 by dividend payment in the form of cash at the rate of THB 0.02 per share or the total amount not exceeding THB 3,800,000, The Company has set the record date of shareholders who are entitled to receive the dividend on 21 March 2024, Dividend payment date is set on 22 May 2024. Upcoming Dividend • Mar 13
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 20 March 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (5.4%). Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2023) Full year 2024 results: EPS: ฿0.11. Revenue: ฿149.1m (up 13% from FY 2023). Net income: ฿20.0m (up 11% from FY 2023). Profit margin: 13% (in line with FY 2023). Reported Earnings • Nov 13
Third quarter 2024 earnings released Third quarter 2024 results: EPS: ฿0.024. Net income: ฿4.59m (up ฿4.59m from 3Q 2023). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.012 (vs ฿0.032 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.012 (down from ฿0.032 in 2Q 2023). Revenue: ฿30.0m (flat on 2Q 2023). Net income: ฿2.20m (down 50% from 2Q 2023). Profit margin: 7.3% (down from 15% in 2Q 2023). Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ฿1.35, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 14x in the Building industry in Thailand. New Risk • Jun 01
New major risk - Revenue and earnings growth Revenue has declined by 1.8% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Revenue has declined by 1.8% over the past year. High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (฿317.3m market cap, or US$8.61m). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (฿129m revenue, or US$3.5m). New Risk • Apr 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿353.4m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (฿353.4m market cap, or US$9.59m). Minor Risks Less than 3 years of financial data is available. Revenue is less than US$5m (฿132m revenue, or US$3.6m). Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 14x in the Building industry in Thailand. 공시 • Mar 01
Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 24, 2024 Panelesmatic Solutions Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Location: No. 36 Moo 7 Bang Talad Sub-district, Nonthaburi Province Pakkret Thailand Agenda: To consider and certify the minutes of the Extraordinary General Meeting of Shareholders No. 1/2023; to consider and acknowledge the operating results of the Company in the year 2023; to consider and approve the statement of financial position and the statement of comprehensive income for the fiscal year ending 31 December 2023; to consider and approve the allocation of net profit as legal reserve and the dividend payment for the year 2023; to consider and approve the appointment of directors to replace those retiring by rotation; to consider and approve the determination of remuneration of directors and sub-committees for the year 2024; to consider and approve the appointment of the Company's auditors and determine the auditor's remuneration for the year 2024; and to consider other matters (if any). 공시 • Feb 29
Panelesmatic Solutions Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2023 to December 31, 2023, Payable on May 15, 2024 Panelesmatic Solutions Public Company Limited proposed cash dividend of THB 0.04 per share for the operating period from January 1, 2023 to December 31, 2023. Dividend payable on May 15, 2024, record date of March 13, 2024 and ex-dividend date of March 12, 2024.