View ValuationSCG Decor 향후 성장Future 기준 점검 1/6SCG Decor (는) 각각 연간 10.1% 및 4.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 9.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 6.3% 로 예상됩니다.핵심 정보10.1%이익 성장률9.87%EPS 성장률Building 이익 성장20.3%매출 성장률4.9%향후 자기자본이익률6.32%애널리스트 커버리지Low마지막 업데이트28 Apr 2026최근 향후 성장 업데이트Major Estimate Revision • Apr 11Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ฿25.1b to ฿20.8b. EPS estimate fell from ฿0.697 to ฿0.57 per share. Net income forecast to grow 1.2% next year vs 23% growth forecast for Building industry in Thailand. Consensus price target down from ฿6.40 to ฿6.23. Share price was steady at ฿4.90 over the past week.Major Estimate Revision • Oct 10Consensus revenue estimates decrease by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ฿27.0b to ฿24.3b. EPS estimate unchanged at ฿0.62 per share. Net income forecast to grow 54% next year vs 31% growth forecast for Building industry in Thailand. Consensus price target broadly unchanged at ฿6.40. Share price was steady at ฿4.88 over the past week.모든 업데이트 보기Recent updatesReported Earnings • May 14First quarter 2026 earnings released: EPS: ฿0.15 (vs ฿0.13 in 1Q 2025)First quarter 2026 results: EPS: ฿0.15 (up from ฿0.13 in 1Q 2025). Revenue: ฿5.55b (down 6.8% from 1Q 2025). Net income: ฿246.3m (up 14% from 1Q 2025). Profit margin: 4.4% (up from 3.6% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Building industry in Asia.Major Estimate Revision • Apr 11Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ฿25.1b to ฿20.8b. EPS estimate fell from ฿0.697 to ฿0.57 per share. Net income forecast to grow 1.2% next year vs 23% growth forecast for Building industry in Thailand. Consensus price target down from ฿6.40 to ฿6.23. Share price was steady at ฿4.90 over the past week.Upcoming Dividend • Mar 20Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 20 April 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (6.7%).공시 • Jan 28SCG Decor Public Company Limited Announces Board Changes, Effective January 26, 2026SCG Decor Public Company Limited announced that the Board of Directors Meeting on January 26, 2026 has resolved to appoint Mr. Chaovalit Ekabut, Director, as an independent director. As a result, the title of Mr. Chaovalit Ekabut on SCGD's Board of Directors will be changed from "Director" to "Independent Director", effective from January 26, 2026. Mr. Chaovalit Ekabut is fully qualified as independent director according to the Notification of the Capital Market Supervisory Board No. TorJor. 39/2559 Re: Application and Approval for the Offering for Sale of New Shares and SCGD's own qualifications of independent directors. In addition, the Board of Directors Meeting resolved to cancel the position of Lead Independent Director, effective from the date of the resolution. Therefore, the name and title of SCGD's directors after the change is: Mr. Lucksananoi Punkrasamee- Independent Director, Chairman of the Audit and Risk Management Committee.Declared Dividend • Jan 28Final dividend of ฿0.19 announcedShareholders will receive a dividend of ฿0.19. Ex-date: 27th March 2026 Payment date: 20th April 2026 Dividend yield will be 6.9%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ฿0.56 (up from ฿0.49 in FY 2024). Revenue: ฿22.7b (down 11% from FY 2024). Net income: ฿931.8m (up 15% from FY 2024). Profit margin: 4.1% (up from 3.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 9.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Building industry in Asia.공시 • Jan 27+ 1 more updateScg Decor Public Company Limited Proposes Dividend for the Year 2025, Payable on April 20, 2026SCG Decor Public Company Limited proposed for approval approval at the Annual General Meeting of Shareholders the dividend payment for 2025 at the rate of THB 0.34 per share, totaling THB 561 million, accounting for 60% of profit for the year on the consolidated financial statements, which is an increase of 19% from the dividend payment for 2024, which was paid at the rate of 41% of profit for the year, and conforming to the Company's dividend payment policy. Of this amount, THB 0.15 per share, totaling THB 247.5 million was paid as an interim dividend on Wednesday, August 27, 2025. The final dividend shall be payable at THB 0.19 per share, totaling THB 313.5 million. Such dividend payment was derived from the profit which was subject to corporate income tax of 20%. Therefore, a natural person shareholder shall be entitled to a tax credit1 equal to the product of dividend times 20/80. The said dividend payment shall be payable to the shareholders entitled to receive dividend in accordance with the Company's Articles of Association, of record as of March 30, 2026 (The Stock Exchange of Thailand shall post the "XD" sign or the date on which the buyer of securities shall have no rights to receive dividend on March 27, 2026). The dividend shall be payable on April 20, 2026, and the receipt of such dividend shall be within 10 years.Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: ฿0.18 (vs ฿0.12 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.18 (up from ฿0.12 in 3Q 2024). Revenue: ฿5.64b (down 9.6% from 3Q 2024). Net income: ฿304.4m (up 61% from 3Q 2024). Profit margin: 5.4% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Building industry in Asia.Major Estimate Revision • Oct 10Consensus revenue estimates decrease by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ฿27.0b to ฿24.3b. EPS estimate unchanged at ฿0.62 per share. Net income forecast to grow 54% next year vs 31% growth forecast for Building industry in Thailand. Consensus price target broadly unchanged at ฿6.40. Share price was steady at ฿4.88 over the past week.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿4.74, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Building industry in Asia. Total loss to shareholders of 26% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿3.60 per share.Buy Or Sell Opportunity • Jul 31Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to ฿4.64. The fair value is estimated to be ฿3.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% 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 85% in the next 2 years.Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.13 (down from ฿0.17 in 2Q 2024). Revenue: ฿5.77b (down 12% from 2Q 2024). Net income: ฿222.6m (down 22% from 2Q 2024). Profit margin: 3.9% (down from 4.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in Asia.New Risk • Jul 22New 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: 5.0% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.16 in 1Q 2024)First quarter 2025 results: EPS: ฿0.13 (down from ฿0.16 in 1Q 2024). Revenue: ฿5.96b (down 12% from 1Q 2024). Net income: ฿216.7m (down 16% from 1Q 2024). Profit margin: 3.6% (down from 3.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Building industry in Asia.Buy Or Sell Opportunity • Apr 17Now 21% overvaluedOver the last 90 days, the stock has fallen 10% to ฿4.00. The fair value is estimated to be ฿3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has grown by 54%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.공시 • Mar 25SCG Decor Public Company Limited Approves Final Dividend Payment for 2024, Payable on April 23, 2025SCG Decor Public Company Limited at its AGM held on March 24, 2025 has approved the profit allocation for the 2024 dividend payment at a rate of THB 0.20 per share, totaling THB 330 million. An interim dividend of THB 0.10 per share, totaling THB 165 million, was already paid on August 2, 2024. The final dividend of THB 0.10 per share, totaling THB 165 million, will be payable to shareholders recorded as of April 1, 2025. The ex-dividend date is March 31, 2025, and the payment date is set for April 23, 2025. The dividend payment is derived from profit subject to a 20% corporate income tax, allowing natural person shareholders a tax credit equal to the product of the dividend times 20/80.Upcoming Dividend • Mar 24Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (7.6%). In line with average of industry peers (5.2%).Buy Or Sell Opportunity • Mar 05Now 23% overvaluedOver the last 90 days, the stock has fallen 27% to ฿4.06. The fair value is estimated to be ฿3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has grown by 54%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Declared Dividend • Jan 31Dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 31st March 2025 Payment date: 23rd April 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (30% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jan 29SCG Decor Public Company Limited Proposes Dividend for the Year 2024, Payable on April 23, 2025SCG Decor Public Company Limited proposed for approval at the Annual General Meeting of Shareholders the dividend payment for 2024 at the rate of THB 0.20 share, totaling THB 330 million, accounting for 41% of profit for the year on the consolidated financial statements and conforming to the Company's dividend payment policy. Of this amount, THB 0.10 share, totaling THB 165 million was paid as an interim dividend on August 22, 2024. The final dividend shall be payable at THB 0.10 share, totaling THB 165 million. Such dividend payment was derived from the profit which was subject to corporate income tax of 20%. Therefore, a natural person shareholder shall be entitled to a tax credit1 equal to the product of dividend times 20/80. The said dividend payment shall be payable to the shareholders entitled to receive dividend in accordance with the Company's Articles of Association, of record as of Tuesday, April 1, 2025 (The Stock Exchange of Thailand shall post the "XD" sign or the date on which the buyer of securities shall have no rights to receive dividend on Monday, March 31, 2025). The dividend shall be payable on Wednesday, April 23, 2025, and the receipt of such dividend shall be within 10 years, at the AGM to be held on March 24, 2025.Reported Earnings • Jan 29Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.49 (up from ฿0.28 in FY 2023). Revenue: ฿25.6b (down 9.7% from FY 2023). Net income: ฿809.9m (up 147% from FY 2023). Profit margin: 3.2% (up from 1.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Building industry in Asia.공시 • Jan 29SCG Decor Public Company Limited, Annual General Meeting, Mar 24, 2025SCG Decor Public Company Limited, Annual General Meeting, Mar 24, 2025, at 14:30 SE Asia Standard Time. Location: electronics meeting (e-meetings), ThailandReported Earnings • Oct 30Third quarter 2024 earnings released: EPS: ฿0.11 (vs ฿0.19 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.11 (down from ฿0.19 in 3Q 2023). Revenue: ฿6.24b (down 13% from 3Q 2023). Net income: ฿189.0m (down 17% from 3Q 2023). Profit margin: 3.0% (down from 3.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Building industry in Asia.Upcoming Dividend • Jul 29Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 05 August 2024. Payment date: 22 August 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 47%. Within top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (15%).Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (up from ฿0.12 in 2Q 2023). Revenue: ฿6.57b (down 7.0% from 2Q 2023). Net income: ฿283.9m (up 109% from 2Q 2023). Profit margin: 4.3% (up from 1.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Building industry in Asia.공시 • Jul 23+ 1 more updateSCG Decor Public Company Limited Announces Interim Dividend for the Operating Period from 01 January 2024 to 30 June 2024, Payable on 22 August 2024SCG Decor Public Company Limited announced Interim dividend payment of THB 0.10 per share for the Operating period from 01 January 2024 to 30 June 2024. Record date for the right to receive dividends is 06 August 2024. Ex-dividend date is 05 August 2024. Payment date is 22 August 2024. Date of Board resolution is 23 July 2024.Reported Earnings • Apr 23First quarter 2024 earnings released: EPS: ฿0.16 (vs ฿0.19 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.16 (up from ฿0.19 loss in 1Q 2023). Revenue: ฿6.78b (down 6.6% from 1Q 2023). Net income: ฿257.4m (up ฿439.7m from 1Q 2023). Profit margin: 3.8% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Building industry in Asia.Reported Earnings • Jan 25Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿0.28 (up from ฿5.32 loss in FY 2022). Revenue: ฿28.3b (down 20% from FY 2022). Net income: ฿327.7m (up ฿748.8m from FY 2022). Profit margin: 1.2% (up from net loss in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Building industry in Asia.공시 • Jan 23SCG Decor Public Company Limited Proposes Dividend Payment for 2023, Payable on April 22, 2024SCG Decor Public Company Limited proposed for approval at the Annual General Meeting of Shareholders the dividend payment for 2023 at the rate of THB 0.15 per share, totaling THB 247.5 million, accounting for 47% of the consolidated net profit for the year excluding the loss on disposal of investment in subsidiaries as a part of the restructuring less legal reserve, derived from the profits. The said dividend payment shall be payable to the shareholders entitled to receive dividend in accordance with the Company's Articles of Association, of record as of April 2, 2024 (The Stock Exchange of Thailand shall post the "XD" sign or the date on which the buyer of securities shall have no rights to receive dividend on April 1, 2024). The dividend shall be payable on April 22, 2024, and the receipt of such dividend shall be within 10 years.이익 및 매출 성장 예측SET:SCGD - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202825,7271,2665442,897212/31/202724,5761,2314432,743312/31/202624,0821,1173852,27823/31/202622,2689612,1423,175N/A12/31/202522,6769322,3413,369N/A9/30/202523,3468232,2133,620N/A6/30/202523,9447081,5103,281N/A3/31/202524,7397691,0412,956N/A12/31/202425,5638101,0633,110N/A9/30/202426,3888761,0853,018N/A6/30/202427,3389151,7633,484N/A3/31/202427,8327672,1413,821N/A12/31/202328,3123281,7523,494N/A9/30/202329,525-7941,2392,896N/A6/30/202331,974-6561571,998N/A3/31/202334,028-651-4921,579N/A12/31/202235,228-4214902,103N/A12/31/202131,0233219662,025N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SCGD 의 연간 예상 수익 증가율(10.1%)이 saving rate(2.2%)보다 높습니다.수익 vs 시장: SCGD 의 연간 수익(10.1%)이 TH 시장(10.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: SCGD 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: SCGD 의 수익(연간 4.9%)이 TH 시장(연간 9.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: SCGD 의 수익(연간 4.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SCGD의 자본 수익률은 3년 후 6.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 05:15종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스SCG Decor Public Company Limited는 5명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Suppata SrisukBualuang Securities PCLPiriyapon KongvanichBualuang Securities PCLPanjapon TaensricharoenBualuang Securities PCL2명의 분석가 더 보기
Major Estimate Revision • Apr 11Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ฿25.1b to ฿20.8b. EPS estimate fell from ฿0.697 to ฿0.57 per share. Net income forecast to grow 1.2% next year vs 23% growth forecast for Building industry in Thailand. Consensus price target down from ฿6.40 to ฿6.23. Share price was steady at ฿4.90 over the past week.
Major Estimate Revision • Oct 10Consensus revenue estimates decrease by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ฿27.0b to ฿24.3b. EPS estimate unchanged at ฿0.62 per share. Net income forecast to grow 54% next year vs 31% growth forecast for Building industry in Thailand. Consensus price target broadly unchanged at ฿6.40. Share price was steady at ฿4.88 over the past week.
Reported Earnings • May 14First quarter 2026 earnings released: EPS: ฿0.15 (vs ฿0.13 in 1Q 2025)First quarter 2026 results: EPS: ฿0.15 (up from ฿0.13 in 1Q 2025). Revenue: ฿5.55b (down 6.8% from 1Q 2025). Net income: ฿246.3m (up 14% from 1Q 2025). Profit margin: 4.4% (up from 3.6% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Building industry in Asia.
Major Estimate Revision • Apr 11Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ฿25.1b to ฿20.8b. EPS estimate fell from ฿0.697 to ฿0.57 per share. Net income forecast to grow 1.2% next year vs 23% growth forecast for Building industry in Thailand. Consensus price target down from ฿6.40 to ฿6.23. Share price was steady at ฿4.90 over the past week.
Upcoming Dividend • Mar 20Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 20 April 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (6.7%).
공시 • Jan 28SCG Decor Public Company Limited Announces Board Changes, Effective January 26, 2026SCG Decor Public Company Limited announced that the Board of Directors Meeting on January 26, 2026 has resolved to appoint Mr. Chaovalit Ekabut, Director, as an independent director. As a result, the title of Mr. Chaovalit Ekabut on SCGD's Board of Directors will be changed from "Director" to "Independent Director", effective from January 26, 2026. Mr. Chaovalit Ekabut is fully qualified as independent director according to the Notification of the Capital Market Supervisory Board No. TorJor. 39/2559 Re: Application and Approval for the Offering for Sale of New Shares and SCGD's own qualifications of independent directors. In addition, the Board of Directors Meeting resolved to cancel the position of Lead Independent Director, effective from the date of the resolution. Therefore, the name and title of SCGD's directors after the change is: Mr. Lucksananoi Punkrasamee- Independent Director, Chairman of the Audit and Risk Management Committee.
Declared Dividend • Jan 28Final dividend of ฿0.19 announcedShareholders will receive a dividend of ฿0.19. Ex-date: 27th March 2026 Payment date: 20th April 2026 Dividend yield will be 6.9%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ฿0.56 (up from ฿0.49 in FY 2024). Revenue: ฿22.7b (down 11% from FY 2024). Net income: ฿931.8m (up 15% from FY 2024). Profit margin: 4.1% (up from 3.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 9.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Building industry in Asia.
공시 • Jan 27+ 1 more updateScg Decor Public Company Limited Proposes Dividend for the Year 2025, Payable on April 20, 2026SCG Decor Public Company Limited proposed for approval approval at the Annual General Meeting of Shareholders the dividend payment for 2025 at the rate of THB 0.34 per share, totaling THB 561 million, accounting for 60% of profit for the year on the consolidated financial statements, which is an increase of 19% from the dividend payment for 2024, which was paid at the rate of 41% of profit for the year, and conforming to the Company's dividend payment policy. Of this amount, THB 0.15 per share, totaling THB 247.5 million was paid as an interim dividend on Wednesday, August 27, 2025. The final dividend shall be payable at THB 0.19 per share, totaling THB 313.5 million. Such dividend payment was derived from the profit which was subject to corporate income tax of 20%. Therefore, a natural person shareholder shall be entitled to a tax credit1 equal to the product of dividend times 20/80. The said dividend payment shall be payable to the shareholders entitled to receive dividend in accordance with the Company's Articles of Association, of record as of March 30, 2026 (The Stock Exchange of Thailand shall post the "XD" sign or the date on which the buyer of securities shall have no rights to receive dividend on March 27, 2026). The dividend shall be payable on April 20, 2026, and the receipt of such dividend shall be within 10 years.
Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: ฿0.18 (vs ฿0.12 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.18 (up from ฿0.12 in 3Q 2024). Revenue: ฿5.64b (down 9.6% from 3Q 2024). Net income: ฿304.4m (up 61% from 3Q 2024). Profit margin: 5.4% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Building industry in Asia.
Major Estimate Revision • Oct 10Consensus revenue estimates decrease by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ฿27.0b to ฿24.3b. EPS estimate unchanged at ฿0.62 per share. Net income forecast to grow 54% next year vs 31% growth forecast for Building industry in Thailand. Consensus price target broadly unchanged at ฿6.40. Share price was steady at ฿4.88 over the past week.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿4.74, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Building industry in Asia. Total loss to shareholders of 26% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿3.60 per share.
Buy Or Sell Opportunity • Jul 31Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to ฿4.64. The fair value is estimated to be ฿3.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% 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 85% in the next 2 years.
Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.13 (down from ฿0.17 in 2Q 2024). Revenue: ฿5.77b (down 12% from 2Q 2024). Net income: ฿222.6m (down 22% from 2Q 2024). Profit margin: 3.9% (down from 4.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in Asia.
New Risk • Jul 22New 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: 5.0% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.16 in 1Q 2024)First quarter 2025 results: EPS: ฿0.13 (down from ฿0.16 in 1Q 2024). Revenue: ฿5.96b (down 12% from 1Q 2024). Net income: ฿216.7m (down 16% from 1Q 2024). Profit margin: 3.6% (down from 3.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Building industry in Asia.
Buy Or Sell Opportunity • Apr 17Now 21% overvaluedOver the last 90 days, the stock has fallen 10% to ฿4.00. The fair value is estimated to be ฿3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has grown by 54%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
공시 • Mar 25SCG Decor Public Company Limited Approves Final Dividend Payment for 2024, Payable on April 23, 2025SCG Decor Public Company Limited at its AGM held on March 24, 2025 has approved the profit allocation for the 2024 dividend payment at a rate of THB 0.20 per share, totaling THB 330 million. An interim dividend of THB 0.10 per share, totaling THB 165 million, was already paid on August 2, 2024. The final dividend of THB 0.10 per share, totaling THB 165 million, will be payable to shareholders recorded as of April 1, 2025. The ex-dividend date is March 31, 2025, and the payment date is set for April 23, 2025. The dividend payment is derived from profit subject to a 20% corporate income tax, allowing natural person shareholders a tax credit equal to the product of the dividend times 20/80.
Upcoming Dividend • Mar 24Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (7.6%). In line with average of industry peers (5.2%).
Buy Or Sell Opportunity • Mar 05Now 23% overvaluedOver the last 90 days, the stock has fallen 27% to ฿4.06. The fair value is estimated to be ฿3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has grown by 54%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Declared Dividend • Jan 31Dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 31st March 2025 Payment date: 23rd April 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (30% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jan 29SCG Decor Public Company Limited Proposes Dividend for the Year 2024, Payable on April 23, 2025SCG Decor Public Company Limited proposed for approval at the Annual General Meeting of Shareholders the dividend payment for 2024 at the rate of THB 0.20 share, totaling THB 330 million, accounting for 41% of profit for the year on the consolidated financial statements and conforming to the Company's dividend payment policy. Of this amount, THB 0.10 share, totaling THB 165 million was paid as an interim dividend on August 22, 2024. The final dividend shall be payable at THB 0.10 share, totaling THB 165 million. Such dividend payment was derived from the profit which was subject to corporate income tax of 20%. Therefore, a natural person shareholder shall be entitled to a tax credit1 equal to the product of dividend times 20/80. The said dividend payment shall be payable to the shareholders entitled to receive dividend in accordance with the Company's Articles of Association, of record as of Tuesday, April 1, 2025 (The Stock Exchange of Thailand shall post the "XD" sign or the date on which the buyer of securities shall have no rights to receive dividend on Monday, March 31, 2025). The dividend shall be payable on Wednesday, April 23, 2025, and the receipt of such dividend shall be within 10 years, at the AGM to be held on March 24, 2025.
Reported Earnings • Jan 29Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.49 (up from ฿0.28 in FY 2023). Revenue: ฿25.6b (down 9.7% from FY 2023). Net income: ฿809.9m (up 147% from FY 2023). Profit margin: 3.2% (up from 1.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Building industry in Asia.
공시 • Jan 29SCG Decor Public Company Limited, Annual General Meeting, Mar 24, 2025SCG Decor Public Company Limited, Annual General Meeting, Mar 24, 2025, at 14:30 SE Asia Standard Time. Location: electronics meeting (e-meetings), Thailand
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: ฿0.11 (vs ฿0.19 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.11 (down from ฿0.19 in 3Q 2023). Revenue: ฿6.24b (down 13% from 3Q 2023). Net income: ฿189.0m (down 17% from 3Q 2023). Profit margin: 3.0% (down from 3.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Building industry in Asia.
Upcoming Dividend • Jul 29Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 05 August 2024. Payment date: 22 August 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 47%. Within top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (15%).
Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (up from ฿0.12 in 2Q 2023). Revenue: ฿6.57b (down 7.0% from 2Q 2023). Net income: ฿283.9m (up 109% from 2Q 2023). Profit margin: 4.3% (up from 1.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Building industry in Asia.
공시 • Jul 23+ 1 more updateSCG Decor Public Company Limited Announces Interim Dividend for the Operating Period from 01 January 2024 to 30 June 2024, Payable on 22 August 2024SCG Decor Public Company Limited announced Interim dividend payment of THB 0.10 per share for the Operating period from 01 January 2024 to 30 June 2024. Record date for the right to receive dividends is 06 August 2024. Ex-dividend date is 05 August 2024. Payment date is 22 August 2024. Date of Board resolution is 23 July 2024.
Reported Earnings • Apr 23First quarter 2024 earnings released: EPS: ฿0.16 (vs ฿0.19 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.16 (up from ฿0.19 loss in 1Q 2023). Revenue: ฿6.78b (down 6.6% from 1Q 2023). Net income: ฿257.4m (up ฿439.7m from 1Q 2023). Profit margin: 3.8% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Building industry in Asia.
Reported Earnings • Jan 25Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿0.28 (up from ฿5.32 loss in FY 2022). Revenue: ฿28.3b (down 20% from FY 2022). Net income: ฿327.7m (up ฿748.8m from FY 2022). Profit margin: 1.2% (up from net loss in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Building industry in Asia.
공시 • Jan 23SCG Decor Public Company Limited Proposes Dividend Payment for 2023, Payable on April 22, 2024SCG Decor Public Company Limited proposed for approval at the Annual General Meeting of Shareholders the dividend payment for 2023 at the rate of THB 0.15 per share, totaling THB 247.5 million, accounting for 47% of the consolidated net profit for the year excluding the loss on disposal of investment in subsidiaries as a part of the restructuring less legal reserve, derived from the profits. The said dividend payment shall be payable to the shareholders entitled to receive dividend in accordance with the Company's Articles of Association, of record as of April 2, 2024 (The Stock Exchange of Thailand shall post the "XD" sign or the date on which the buyer of securities shall have no rights to receive dividend on April 1, 2024). The dividend shall be payable on April 22, 2024, and the receipt of such dividend shall be within 10 years.