Tirathai (TRT) 주식 개요티라타이 공사는 자회사와 함께 태국 및 해외에서 변압기 장비를 제조, 수리, 판매, 유지보수하는 기업입니다. 자세히 보기TRT 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적5/6재무 건전성4/6배당1/6강점주가수익률(10.4x)이 TH 시장(11.1x)보다 낮습니다.지난 1년간 수익이 33% 증가했습니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.의미 있는 시가총액이 없습니다(THB2B)모든 위험 점검 보기TRT Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value฿Current Price฿7.8062.5% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-103m3b2016201920222025202620282031Revenue ฿2.4bEarnings ฿257.3mAdvancedSet Fair ValueView all narrativesTirathai Public Company Limited 경쟁사AsefaSymbol: SET:ASEFAMarket cap: ฿2.4bKijcharoen Engineering ElectricSymbol: SET:KJLMarket cap: ฿1.3bQTC EnergySymbol: SET:QTCMarket cap: ฿1.2bCharoong Thai Wire and CableSymbol: SET:CTWMarket cap: ฿1.7b가격 이력 및 성과Tirathai 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가฿7.8052주 최고가฿7.8552주 최저가฿3.08베타0.391개월 변동77.27%3개월 변동95.98%1년 변동145.28%3년 변동254.55%5년 변동254.55%IPO 이후 변동217.78%최근 뉴스 및 업데이트New Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 146% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿2.11b market cap, or US$64.6m).Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿5.65, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 193% over the past three years.Upcoming Dividend • May 01Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 08 May 2026. Payment date: 28 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.6%).New Risk • Mar 03New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 59% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Dividend is not well covered by earnings (146% payout ratio). Market cap is less than US$100m (฿1.22b market cap, or US$38.7m).공시 • Feb 27Tirathai Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2025 to December 31, 2025, Payable on May 28, 2026Tirathai Public Company Limited in its AGM to be held on April 29, 2026 proposed cash dividend of THB 0.14 per share for the Operating period from January 1, 2025 to December 31, 2025. Ex-dividend date May 8, 2026, Record date for the right to receive dividends March 11, 2026. Payment date May 28, 2026.Declared Dividend • Feb 26Dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 8th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (146% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years.더 많은 업데이트 보기Recent updatesNew Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 146% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿2.11b market cap, or US$64.6m).Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿5.65, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 193% over the past three years.Upcoming Dividend • May 01Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 08 May 2026. Payment date: 28 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.6%).New Risk • Mar 03New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 59% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Dividend is not well covered by earnings (146% payout ratio). Market cap is less than US$100m (฿1.22b market cap, or US$38.7m).공시 • Feb 27Tirathai Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2025 to December 31, 2025, Payable on May 28, 2026Tirathai Public Company Limited in its AGM to be held on April 29, 2026 proposed cash dividend of THB 0.14 per share for the Operating period from January 1, 2025 to December 31, 2025. Ex-dividend date May 8, 2026, Record date for the right to receive dividends March 11, 2026. Payment date May 28, 2026.Declared Dividend • Feb 26Dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 8th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (146% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years.공시 • Feb 24Tirathai Public Company Limited, Annual General Meeting, Apr 29, 2026Tirathai Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time. Location: physical meeting, tirathai public company limited, located at 516/2 moo 2 bangpoo industrial estate, (soi 1b), sukhumvit road, bangpoomai sub-district, muang samut prakan district, samutprakan, ThailandReported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.31 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (down from ฿0.31 in 3Q 2024). Revenue: ฿281.1m (down 60% from 3Q 2024). Net income: ฿4.26m (down 96% from 3Q 2024). Profit margin: 1.5% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 26 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (6.7%).Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (down from ฿0.17 in 2Q 2024). Revenue: ฿575.6m (down 28% from 2Q 2024). Net income: ฿34.3m (down 36% from 2Q 2024). Profit margin: 6.0% (down from 6.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.31 in 1Q 2024)First quarter 2025 results: EPS: ฿0.15 (down from ฿0.31 in 1Q 2024). Revenue: ฿620.2m (down 23% from 1Q 2024). Net income: ฿46.6m (down 52% from 1Q 2024). Profit margin: 7.5% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Apr 24Tirathai Public Company Limited Approves Dividend for Operating Period from January 1, 2024 to December 31, 2024, Payable on May 21, 2025Tirathai Public Company Limited at its AGM, held on April 22, 2024, approved the appropriation of profit of the year 2024 and the dividend payment for the operation period of January 1, 2024, to December 31, 2024 at the rate of THB 0.37 per share which is equal to the total dividend payment THB 113,963,060.64. This represents 51.19% of the net profit for the year based on the consolidated financial statements, in accordance with the Company's dividend policy of which THB 0.13 per share for a total of THB 40,041,075.36 was paid as an interim dividend on January 10, 2025. The remaining dividend payment will be THB 0.24 per share for a total of THB 73,921,985.28 . The record date for the eligible shareholders who have the right to receive the dividend will be on May 7, 2025 and the dividend payment will be completed within May 21, 2025 with a majority vote of the shareholders attending the meeting and casting their votes, excluding abstentions from the calculation base.Declared Dividend • Feb 28Final dividend of ฿0.24 announcedShareholders will receive a dividend of ฿0.24. Ex-date: 6th May 2025 Payment date: 21st May 2025 Dividend yield will be 11%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Feb 27Tirathai Public Company Limited, Annual General Meeting, Apr 22, 2025Tirathai Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:00 SE Asia Standard Time. Location: at tirathai public company limited located, at 516/2 moo 2 bangpoo industrial estate, (soi 1b), sukhumvit road,bangpoomai sub-district, muang samut prakan district, samutprakan, ThailandReported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.72 (vs ฿0.42 in FY 2023)Full year 2024 results: EPS: ฿0.72 (up from ฿0.42 in FY 2023). Revenue: ฿2.88b (up 37% from FY 2023). Net income: ฿223.4m (up 72% from FY 2023). Profit margin: 7.8% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Feb 26Tirathai Public Company Limited Proposes Dividend for Operating Period from January 1, 2024 to December 31, 2024, Payable on May 21, 2025Tirathai Public Company Limited announced that at its AGM to be held on 22 April 2025, to propose to the shareholders' meeting to consider and approve the dividend payment for the operation period of January 1, 2024, to December 31, 2024 at the rate of THB 0.37 per share which is equal to the total dividend payment THB 113,963,060.64, of which THB 0.13 per share for a total of THB 40,041,075.36 was paid as an interim dividend on January 10, 2025. The remaining dividend payment will be THB 0.24 per share for a total of THB 73,921,985.28. Record date for the right to receive dividends is 07 May 2025. Ex-dividend date is 06 May 2025. Payment date is 21 May 2025.Upcoming Dividend • Dec 19Upcoming dividend of ฿0.13 per shareEligible shareholders must have bought the stock before 26 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.9%). Lower than average of industry peers (5.5%).Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: ฿0.31 (vs ฿0.31 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.31 (down from ฿0.31 in 3Q 2023). Revenue: ฿702.8m (up 21% from 3Q 2023). Net income: ฿95.8m (down 1.1% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿4.24, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 45% over the past three years.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.082 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (up from ฿0.082 loss in 2Q 2023). Revenue: ฿796.4m (up 93% from 2Q 2023). Net income: ฿53.3m (up ฿78.5m from 2Q 2023). Profit margin: 6.7% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.36, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Electrical industry in Thailand. Total returns to shareholders of 111% over the past three years.Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿5.05, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 151% over the past three years.Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.31 (vs ฿0.11 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.31 (up from ฿0.11 loss in 1Q 2023). Revenue: ฿800.1m (up 104% from 1Q 2023). Net income: ฿96.3m (up ฿131.5m from 1Q 2023). Profit margin: 12% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 26Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 03 May 2024. Payment date: 21 May 2024. Trailing yield: 5.4%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (5.2%).공시 • Apr 17Tirathai Public Company Limited Approves Board and Committee ChangesTirathai Public Company Limited announced that at its board meeting held on April 17, 2024, approved the appointment of Mr. Singchai Thaninson to take the position of independent director to replace the vacant independent director position, with the term ended on April 28, 2025, which effective from April 17, 2024; the appointment of Mr. Boonchai Sowanwanichakul, the independent director, who meet the qualification of audit committee to replace the vacant audit committee position, which effective from April 17, 2024; the increasing in number of audit committee members by one position and the appointment of Dr. Pisit Leeahtam, the independent director, who meet the qualification of audit committee to take that additional position resulting in a total number of the company's audit committee will be 4 positions, which effective from April 17, 2024.New Risk • Mar 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿1.24b market cap, or US$34.0m).Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.42 (vs ฿0.30 loss in FY 2022)Full year 2023 results: EPS: ฿0.42 (up from ฿0.30 loss in FY 2022). Revenue: ฿2.10b (up 23% from FY 2022). Net income: ฿129.6m (up ฿221.7m from FY 2022). Profit margin: 6.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.공시 • Feb 29+ 2 more updatesTirathai Public Company Limited, Annual General Meeting, Apr 22, 2024Tirathai Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Location: 516/2 Moo 2 Bangpoo Industrial Estate (Soi 1B), Sukhumvit Road, Bangpoomai Sub-District, Muang Samut Prakan District, Samutprakan Thailand Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders of the year 2023; to acknowledge the Company operating results of the year 2023; to consider and approve the financial statement of the year 2023 ended at December 31, 2023. To consider and approve the allocation of net profit of the year 2023 and dividend payment.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.31 (vs ฿0.083 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.31 (up from ฿0.083 loss in 3Q 2022). Revenue: ฿581.8m (up 14% from 3Q 2022). Net income: ฿96.8m (up ฿122.5m from 3Q 2022). Profit margin: 17% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.082 loss per share (vs ฿0.16 loss in 2Q 2022)Second quarter 2023 results: ฿0.082 loss per share (improved from ฿0.16 loss in 2Q 2022). Revenue: ฿411.9m (up 27% from 2Q 2022). Net loss: ฿25.3m (loss narrowed 50% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.Reported Earnings • May 19First quarter 2023 earnings released: ฿0.11 loss per share (vs ฿0.078 loss in 1Q 2022)First quarter 2023 results: ฿0.11 loss per share (further deteriorated from ฿0.078 loss in 1Q 2022). Revenue: ฿392.7m (down 11% from 1Q 2022). Net loss: ฿35.2m (loss widened 46% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.공시 • May 05Tirathai Public Company Limited Appoints Sermsakool Klaikaew as Member of the Audit CommitteeTirathai Public Company Limited at its shareholders meeting held on February 7, 2023, approved the appointment of Mr. Sermsakool Klaikaew as Member of the audit committee. The audit committee is consisted of: Chairman of the audit committee. Mr. Annop Tagajarin remaining term in office 1year -months -days; Member of the audit committee Mr. Singha Nikornpun remaining term in office 2years -months -days and Member of the audit committee Mr. Sermsakool Klaikaew remaining term in office 3years -months -days.Reported Earnings • Mar 05Full year 2022 earnings released: ฿0.30 loss per share (vs ฿0.24 profit in FY 2021)Full year 2022 results: ฿0.30 loss per share (down from ฿0.24 profit in FY 2021). Revenue: ฿1.71b (down 16% from FY 2021). Net loss: ฿92.1m (down 227% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Reported Earnings • Nov 19Third quarter 2022 earnings released: ฿0.083 loss per share (vs ฿0.20 profit in 3Q 2021)Third quarter 2022 results: ฿0.083 loss per share (down from ฿0.20 profit in 3Q 2021). Revenue: ฿508.7m (flat on 3Q 2021). Net loss: ฿25.7m (down 142% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Chairman Sermsakool Klaikaew was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 15Tirathai Public Company Limited Announces Resignation of Somchai Roadrungwasinkul as Independent Director and Member of Audit CommitteeTirathai Public Company Limited announced that Mr. Somchai Roadrungwasinkul has delivered the letter to the Company, expressing an intention to resign from the positions of Independent Director and Audit Committee of the Company, because he has an important mission to working as an executive management position of one company. As a result, he is unable to allocate sufficient time to be an independent director/audit committee member of the Company. The resignation shall be effective from November 15, 2022 onwards.Reported Earnings • Aug 17Second quarter 2022 earnings released: ฿0.16 loss per share (vs ฿0.11 profit in 2Q 2021)Second quarter 2022 results: ฿0.16 loss per share (down from ฿0.11 profit in 2Q 2021). Revenue: ฿323.8m (down 44% from 2Q 2021). Net loss: ฿50.6m (down 251% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.공시 • Jul 07Tirathai Public Company Limited Announces Executive ChangesTirathai Public Company Limited announced change the position of Mr. Kanta Vongphan from Finance Accounting and Information Technology Manager (Acting) to the position of Financial, Accounting and Information Technology Department Manager effective as of July 1, 2022 onwards.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿3.08, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 17x in the Electrical industry in Thailand. Total returns to shareholders of 71% over the past three years.Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿78.00 loss per share. Revenue: ฿441.3m (up 17% from 1Q 2021). Net loss: ฿24.1m (loss narrowed 31% from 1Q 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) were also behind analyst expectations.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Chairman Sermsakool Klaikaew was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.92, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 20x in the Electrical industry in Thailand. Total returns to shareholders of 194% over the past three years.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 36% share price gain to ฿4.96, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 19x in the Electrical industry in Thailand. Total returns to shareholders of 223% over the past three years.Reported Earnings • Mar 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.24 (up from ฿0.039 in FY 2020). Revenue: ฿2.04b (down 20% from FY 2020). Net income: ฿72.6m (up ฿60.7m from FY 2020). Profit margin: 3.6% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.공시 • Feb 26Tirathai Public Company Limited, Annual General Meeting, Apr 28, 2022Tirathai Public Company Limited, Annual General Meeting, Apr 28, 2022, at 03:00 Coordinated Universal Time. Location: 516/2 Moo 2 Bangpoo Industrial Estate (Soi 1B), Sukhumvit Road, Bangpoomai Sub-District, Muang Samut Prakan District, Samutprakan Thailand Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders of the year 2021; to consider acknowledge the Company operating results of the year 2021; to consider and approve the financial statement of the year 2021 ended at 31 December 2021; to consider and approve the allocation of net profit of the year 2021 and dividend payment; to consider the election of directors to replace those retiring by rotation; to consider and approve the remuneration of directors of the year 2022; to consider the appointment of the auditor and the remuneration of auditor; and to consider other matters.공시 • Feb 25Tirathai Public Company Limited Proposes Dividend for the Year Ended December 31, 2021, Payable on May 27, 2022Tirathai Public Company Limited approved to propose to the shareholders' meeting to consider the allocation of the 2021 net profit and approve the dividend payment for the operation period of January 1, 2021, to December 31, 2021 at the rate of THB 0.12 per share which is equal to the total dividend payment THB 36,960,992.64, at its board meeting held on February 23, 2022. The record date for the eligible shareholders who have the right to receive the dividend will be on May 5, 2022 and the dividend payment will be completed within May 27, 2022.Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 33% share price gain to ฿4.18, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 21x in the Electrical industry in Thailand. Total returns to shareholders of 128% over the past three years.Valuation Update With 7 Day Price Move • Nov 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿2.68, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 24x in the Electrical industry in Thailand. Total returns to shareholders of 42% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.027 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿505.3m (down 15% from 3Q 2020). Net income: ฿61.2m (up ฿69.5m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.054 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿578.4m (up 38% from 2Q 2020). Net income: ฿33.5m (up ฿50.1m from 2Q 2020). Profit margin: 5.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 19First quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.20 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ฿377.6m (down 18% from 1Q 2020). Net loss: ฿35.0m (loss narrowed 42% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 04Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 25 May 2021. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.7%).Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿2.38, the stock trades at a trailing P/E ratio of 61.5x. Average trailing P/E is 24x in the Electrical industry in Thailand. Total returns to shareholders of 4.5% over the past three years.공시 • Apr 28Tirathai Public Company Limited Approves Dividend for the Year 2020, Payable on May 25, 2021Tirathai Public Company Limited approved the appropriation of profit for the year 2020 and dividend payment at the rate of THB 0.02 per share, total dividend to be paid to THB 6,160,165.44, representing of 72.29% of net profit. The company has a net profit equal to THB 8,521,062.89 baht from the operation period January 1, 2020 to December 31, 2020. The list of shareholders who had the right to receive dividend (Record Date) on May 12, 2021 and dividend would pay on May 25, 2021.공시 • Mar 02Tirathai Public Company Limited, Annual General Meeting, Apr 07, 2021Tirathai Public Company Limited, Annual General Meeting, Apr 07, 2021, at 03:00 Coordinated Universal Time. Location: 516/2 Moo 2 Bangpoo Industrial Estate (Soi 1B) Sukhumvit Road, Bangpoomai Sub-District, Mueang Samut Prakan District Samut Prakarn Thailand Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders for the year 2020; to acknowledge the operating results for the year 2020; to consider and approve financial statement for the year ended 31 December 2020; to consider and approve appropriation of net profit for the year 2020 and dividend payment; to consider the election of directors to replace those retiring by rotation; to consider and approve remuneration of directors for the year 2021; to consider and approve the amendment of Clause 3 of the Memorandum of Association; and to consider other matters.Reported Earnings • Mar 02Full year 2020 earnings released: EPS ฿0.039 (vs ฿0.24 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿2.57b (up 4.9% from FY 2019). Net income: ฿11.9m (down 84% from FY 2019). Profit margin: 0.5% (down from 3.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 18New 90-day high: ฿1.77The company is up 11% from its price of ฿1.60 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 18% over the same period.Is New 90 Day High Low • Dec 29New 90-day high: ฿1.75The company is up 8.0% from its price of ฿1.62 on 30 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 98% over the same period.Reported Earnings • Nov 21Third quarter 2020 earnings released: ฿0.027 loss per shareThe company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: ฿594.0m (up 2.4% from 3Q 2019). Net loss: ฿8.36m (loss widened ฿7.51m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 19New 90-day low: ฿1.61The company is down 5.0% from its price of ฿1.69 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 11% over the same period.Is New 90 Day High Low • Sep 30New 90-day low: ฿1.62The company is down 4.0% from its price of ฿1.68 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 8.0% over the same period.주주 수익률TRTTH ElectricalTH 시장7D13.9%5.5%1.4%1Y145.3%12.6%31.9%전체 주주 수익률 보기수익률 대 산업: TRT은 지난 1년 동안 10.9%의 수익을 기록한 TH Electrical 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: TRT은 지난 1년 동안 31.6%를 기록한 TH 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is TRT's price volatile compared to industry and market?TRT volatilityTRT Average Weekly Movement6.6%Electrical Industry Average Movement6.1%Market Average Movement4.8%10% most volatile stocks in TH Market10.2%10% least volatile stocks in TH Market2.5%안정적인 주가: TRT는 지난 3개월 동안 TH 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: TRT의 주간 변동성(7%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1987n/aSumpan Vongphanwww.tirathai.co.th티라타이 공사는 자회사와 함께 태국 및 해외에서 변압기 장비를 제조, 수리, 판매 및 유지보수합니다. 이 회사는 전기 에너지 제조업체 및 공급업체에 전력 변압기를 제공합니다. 또한 배전 시스템 라인을 따라 다양한 배전 변압기와 특수 변압기를 제공합니다.더 보기Tirathai Public Company Limited 기초 지표 요약Tirathai의 순이익과 매출은 시가총액과 어떻게 비교됩니까?TRT 기초 통계시가총액฿2.40b순이익 (TTM)฿230.88m매출 (TTM)฿2.17b10.4x주가수익비율(P/E)1.1x주가매출비율(P/S)TRT는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표TRT 손익계산서 (TTM)매출฿2.17b매출원가฿1.52b총이익฿647.68m기타 비용฿416.80m순이익฿230.88m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.75총이익률29.88%순이익률10.65%부채/자본 비율89.1%TRT의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.6%현재 배당 수익률146%배당 성향TRT는 안정적으로 배당을 지급합니까?TRT 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 TRT를 매수해야 하나요?Tirathai 배당 일정배당락일May 08 2026배당 지급일May 28 2026배당락일까지 남은 일수15 days배당 지급일까지 남은 일수5 daysTRT는 안정적으로 배당을 지급합니까?TRT 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 03:10종가2026/05/22 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 소스Tirathai Public Company Limited는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Nat PanassutrakornKGI Securities Co. Ltd.Anchalin CharoenpitTisco Securities Co. Ltd.
New Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 146% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿2.11b market cap, or US$64.6m).
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿5.65, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 193% over the past three years.
Upcoming Dividend • May 01Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 08 May 2026. Payment date: 28 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.6%).
New Risk • Mar 03New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 59% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Dividend is not well covered by earnings (146% payout ratio). Market cap is less than US$100m (฿1.22b market cap, or US$38.7m).
공시 • Feb 27Tirathai Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2025 to December 31, 2025, Payable on May 28, 2026Tirathai Public Company Limited in its AGM to be held on April 29, 2026 proposed cash dividend of THB 0.14 per share for the Operating period from January 1, 2025 to December 31, 2025. Ex-dividend date May 8, 2026, Record date for the right to receive dividends March 11, 2026. Payment date May 28, 2026.
Declared Dividend • Feb 26Dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 8th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (146% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years.
New Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 146% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿2.11b market cap, or US$64.6m).
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿5.65, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 193% over the past three years.
Upcoming Dividend • May 01Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 08 May 2026. Payment date: 28 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.6%).
New Risk • Mar 03New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 59% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Dividend is not well covered by earnings (146% payout ratio). Market cap is less than US$100m (฿1.22b market cap, or US$38.7m).
공시 • Feb 27Tirathai Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2025 to December 31, 2025, Payable on May 28, 2026Tirathai Public Company Limited in its AGM to be held on April 29, 2026 proposed cash dividend of THB 0.14 per share for the Operating period from January 1, 2025 to December 31, 2025. Ex-dividend date May 8, 2026, Record date for the right to receive dividends March 11, 2026. Payment date May 28, 2026.
Declared Dividend • Feb 26Dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 8th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (146% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years.
공시 • Feb 24Tirathai Public Company Limited, Annual General Meeting, Apr 29, 2026Tirathai Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time. Location: physical meeting, tirathai public company limited, located at 516/2 moo 2 bangpoo industrial estate, (soi 1b), sukhumvit road, bangpoomai sub-district, muang samut prakan district, samutprakan, Thailand
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.31 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (down from ฿0.31 in 3Q 2024). Revenue: ฿281.1m (down 60% from 3Q 2024). Net income: ฿4.26m (down 96% from 3Q 2024). Profit margin: 1.5% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.06 per shareEligible shareholders must have bought the stock before 26 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (6.7%).
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (down from ฿0.17 in 2Q 2024). Revenue: ฿575.6m (down 28% from 2Q 2024). Net income: ฿34.3m (down 36% from 2Q 2024). Profit margin: 6.0% (down from 6.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.31 in 1Q 2024)First quarter 2025 results: EPS: ฿0.15 (down from ฿0.31 in 1Q 2024). Revenue: ฿620.2m (down 23% from 1Q 2024). Net income: ฿46.6m (down 52% from 1Q 2024). Profit margin: 7.5% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Apr 24Tirathai Public Company Limited Approves Dividend for Operating Period from January 1, 2024 to December 31, 2024, Payable on May 21, 2025Tirathai Public Company Limited at its AGM, held on April 22, 2024, approved the appropriation of profit of the year 2024 and the dividend payment for the operation period of January 1, 2024, to December 31, 2024 at the rate of THB 0.37 per share which is equal to the total dividend payment THB 113,963,060.64. This represents 51.19% of the net profit for the year based on the consolidated financial statements, in accordance with the Company's dividend policy of which THB 0.13 per share for a total of THB 40,041,075.36 was paid as an interim dividend on January 10, 2025. The remaining dividend payment will be THB 0.24 per share for a total of THB 73,921,985.28 . The record date for the eligible shareholders who have the right to receive the dividend will be on May 7, 2025 and the dividend payment will be completed within May 21, 2025 with a majority vote of the shareholders attending the meeting and casting their votes, excluding abstentions from the calculation base.
Declared Dividend • Feb 28Final dividend of ฿0.24 announcedShareholders will receive a dividend of ฿0.24. Ex-date: 6th May 2025 Payment date: 21st May 2025 Dividend yield will be 11%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Feb 27Tirathai Public Company Limited, Annual General Meeting, Apr 22, 2025Tirathai Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:00 SE Asia Standard Time. Location: at tirathai public company limited located, at 516/2 moo 2 bangpoo industrial estate, (soi 1b), sukhumvit road,bangpoomai sub-district, muang samut prakan district, samutprakan, Thailand
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.72 (vs ฿0.42 in FY 2023)Full year 2024 results: EPS: ฿0.72 (up from ฿0.42 in FY 2023). Revenue: ฿2.88b (up 37% from FY 2023). Net income: ฿223.4m (up 72% from FY 2023). Profit margin: 7.8% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Feb 26Tirathai Public Company Limited Proposes Dividend for Operating Period from January 1, 2024 to December 31, 2024, Payable on May 21, 2025Tirathai Public Company Limited announced that at its AGM to be held on 22 April 2025, to propose to the shareholders' meeting to consider and approve the dividend payment for the operation period of January 1, 2024, to December 31, 2024 at the rate of THB 0.37 per share which is equal to the total dividend payment THB 113,963,060.64, of which THB 0.13 per share for a total of THB 40,041,075.36 was paid as an interim dividend on January 10, 2025. The remaining dividend payment will be THB 0.24 per share for a total of THB 73,921,985.28. Record date for the right to receive dividends is 07 May 2025. Ex-dividend date is 06 May 2025. Payment date is 21 May 2025.
Upcoming Dividend • Dec 19Upcoming dividend of ฿0.13 per shareEligible shareholders must have bought the stock before 26 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.9%). Lower than average of industry peers (5.5%).
Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: ฿0.31 (vs ฿0.31 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.31 (down from ฿0.31 in 3Q 2023). Revenue: ฿702.8m (up 21% from 3Q 2023). Net income: ฿95.8m (down 1.1% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿4.24, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 45% over the past three years.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.082 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (up from ฿0.082 loss in 2Q 2023). Revenue: ฿796.4m (up 93% from 2Q 2023). Net income: ฿53.3m (up ฿78.5m from 2Q 2023). Profit margin: 6.7% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.36, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Electrical industry in Thailand. Total returns to shareholders of 111% over the past three years.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿5.05, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 12x in the Electrical industry in Thailand. Total returns to shareholders of 151% over the past three years.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.31 (vs ฿0.11 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.31 (up from ฿0.11 loss in 1Q 2023). Revenue: ฿800.1m (up 104% from 1Q 2023). Net income: ฿96.3m (up ฿131.5m from 1Q 2023). Profit margin: 12% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 26Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 03 May 2024. Payment date: 21 May 2024. Trailing yield: 5.4%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (5.2%).
공시 • Apr 17Tirathai Public Company Limited Approves Board and Committee ChangesTirathai Public Company Limited announced that at its board meeting held on April 17, 2024, approved the appointment of Mr. Singchai Thaninson to take the position of independent director to replace the vacant independent director position, with the term ended on April 28, 2025, which effective from April 17, 2024; the appointment of Mr. Boonchai Sowanwanichakul, the independent director, who meet the qualification of audit committee to replace the vacant audit committee position, which effective from April 17, 2024; the increasing in number of audit committee members by one position and the appointment of Dr. Pisit Leeahtam, the independent director, who meet the qualification of audit committee to take that additional position resulting in a total number of the company's audit committee will be 4 positions, which effective from April 17, 2024.
New Risk • Mar 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿1.24b market cap, or US$34.0m).
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.42 (vs ฿0.30 loss in FY 2022)Full year 2023 results: EPS: ฿0.42 (up from ฿0.30 loss in FY 2022). Revenue: ฿2.10b (up 23% from FY 2022). Net income: ฿129.6m (up ฿221.7m from FY 2022). Profit margin: 6.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
공시 • Feb 29+ 2 more updatesTirathai Public Company Limited, Annual General Meeting, Apr 22, 2024Tirathai Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Location: 516/2 Moo 2 Bangpoo Industrial Estate (Soi 1B), Sukhumvit Road, Bangpoomai Sub-District, Muang Samut Prakan District, Samutprakan Thailand Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders of the year 2023; to acknowledge the Company operating results of the year 2023; to consider and approve the financial statement of the year 2023 ended at December 31, 2023. To consider and approve the allocation of net profit of the year 2023 and dividend payment.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.31 (vs ฿0.083 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.31 (up from ฿0.083 loss in 3Q 2022). Revenue: ฿581.8m (up 14% from 3Q 2022). Net income: ฿96.8m (up ฿122.5m from 3Q 2022). Profit margin: 17% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.082 loss per share (vs ฿0.16 loss in 2Q 2022)Second quarter 2023 results: ฿0.082 loss per share (improved from ฿0.16 loss in 2Q 2022). Revenue: ฿411.9m (up 27% from 2Q 2022). Net loss: ฿25.3m (loss narrowed 50% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 19First quarter 2023 earnings released: ฿0.11 loss per share (vs ฿0.078 loss in 1Q 2022)First quarter 2023 results: ฿0.11 loss per share (further deteriorated from ฿0.078 loss in 1Q 2022). Revenue: ฿392.7m (down 11% from 1Q 2022). Net loss: ฿35.2m (loss widened 46% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
공시 • May 05Tirathai Public Company Limited Appoints Sermsakool Klaikaew as Member of the Audit CommitteeTirathai Public Company Limited at its shareholders meeting held on February 7, 2023, approved the appointment of Mr. Sermsakool Klaikaew as Member of the audit committee. The audit committee is consisted of: Chairman of the audit committee. Mr. Annop Tagajarin remaining term in office 1year -months -days; Member of the audit committee Mr. Singha Nikornpun remaining term in office 2years -months -days and Member of the audit committee Mr. Sermsakool Klaikaew remaining term in office 3years -months -days.
Reported Earnings • Mar 05Full year 2022 earnings released: ฿0.30 loss per share (vs ฿0.24 profit in FY 2021)Full year 2022 results: ฿0.30 loss per share (down from ฿0.24 profit in FY 2021). Revenue: ฿1.71b (down 16% from FY 2021). Net loss: ฿92.1m (down 227% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 19Third quarter 2022 earnings released: ฿0.083 loss per share (vs ฿0.20 profit in 3Q 2021)Third quarter 2022 results: ฿0.083 loss per share (down from ฿0.20 profit in 3Q 2021). Revenue: ฿508.7m (flat on 3Q 2021). Net loss: ฿25.7m (down 142% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Chairman Sermsakool Klaikaew was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 15Tirathai Public Company Limited Announces Resignation of Somchai Roadrungwasinkul as Independent Director and Member of Audit CommitteeTirathai Public Company Limited announced that Mr. Somchai Roadrungwasinkul has delivered the letter to the Company, expressing an intention to resign from the positions of Independent Director and Audit Committee of the Company, because he has an important mission to working as an executive management position of one company. As a result, he is unable to allocate sufficient time to be an independent director/audit committee member of the Company. The resignation shall be effective from November 15, 2022 onwards.
Reported Earnings • Aug 17Second quarter 2022 earnings released: ฿0.16 loss per share (vs ฿0.11 profit in 2Q 2021)Second quarter 2022 results: ฿0.16 loss per share (down from ฿0.11 profit in 2Q 2021). Revenue: ฿323.8m (down 44% from 2Q 2021). Net loss: ฿50.6m (down 251% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
공시 • Jul 07Tirathai Public Company Limited Announces Executive ChangesTirathai Public Company Limited announced change the position of Mr. Kanta Vongphan from Finance Accounting and Information Technology Manager (Acting) to the position of Financial, Accounting and Information Technology Department Manager effective as of July 1, 2022 onwards.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿3.08, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 17x in the Electrical industry in Thailand. Total returns to shareholders of 71% over the past three years.
Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿78.00 loss per share. Revenue: ฿441.3m (up 17% from 1Q 2021). Net loss: ฿24.1m (loss narrowed 31% from 1Q 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) were also behind analyst expectations.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Chairman Sermsakool Klaikaew was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.92, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 20x in the Electrical industry in Thailand. Total returns to shareholders of 194% over the past three years.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 36% share price gain to ฿4.96, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 19x in the Electrical industry in Thailand. Total returns to shareholders of 223% over the past three years.
Reported Earnings • Mar 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.24 (up from ฿0.039 in FY 2020). Revenue: ฿2.04b (down 20% from FY 2020). Net income: ฿72.6m (up ฿60.7m from FY 2020). Profit margin: 3.6% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
공시 • Feb 26Tirathai Public Company Limited, Annual General Meeting, Apr 28, 2022Tirathai Public Company Limited, Annual General Meeting, Apr 28, 2022, at 03:00 Coordinated Universal Time. Location: 516/2 Moo 2 Bangpoo Industrial Estate (Soi 1B), Sukhumvit Road, Bangpoomai Sub-District, Muang Samut Prakan District, Samutprakan Thailand Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders of the year 2021; to consider acknowledge the Company operating results of the year 2021; to consider and approve the financial statement of the year 2021 ended at 31 December 2021; to consider and approve the allocation of net profit of the year 2021 and dividend payment; to consider the election of directors to replace those retiring by rotation; to consider and approve the remuneration of directors of the year 2022; to consider the appointment of the auditor and the remuneration of auditor; and to consider other matters.
공시 • Feb 25Tirathai Public Company Limited Proposes Dividend for the Year Ended December 31, 2021, Payable on May 27, 2022Tirathai Public Company Limited approved to propose to the shareholders' meeting to consider the allocation of the 2021 net profit and approve the dividend payment for the operation period of January 1, 2021, to December 31, 2021 at the rate of THB 0.12 per share which is equal to the total dividend payment THB 36,960,992.64, at its board meeting held on February 23, 2022. The record date for the eligible shareholders who have the right to receive the dividend will be on May 5, 2022 and the dividend payment will be completed within May 27, 2022.
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 33% share price gain to ฿4.18, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 21x in the Electrical industry in Thailand. Total returns to shareholders of 128% over the past three years.
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿2.68, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 24x in the Electrical industry in Thailand. Total returns to shareholders of 42% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.027 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿505.3m (down 15% from 3Q 2020). Net income: ฿61.2m (up ฿69.5m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.054 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿578.4m (up 38% from 2Q 2020). Net income: ฿33.5m (up ฿50.1m from 2Q 2020). Profit margin: 5.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 19First quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.20 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ฿377.6m (down 18% from 1Q 2020). Net loss: ฿35.0m (loss narrowed 42% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 04Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 25 May 2021. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.7%).
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿2.38, the stock trades at a trailing P/E ratio of 61.5x. Average trailing P/E is 24x in the Electrical industry in Thailand. Total returns to shareholders of 4.5% over the past three years.
공시 • Apr 28Tirathai Public Company Limited Approves Dividend for the Year 2020, Payable on May 25, 2021Tirathai Public Company Limited approved the appropriation of profit for the year 2020 and dividend payment at the rate of THB 0.02 per share, total dividend to be paid to THB 6,160,165.44, representing of 72.29% of net profit. The company has a net profit equal to THB 8,521,062.89 baht from the operation period January 1, 2020 to December 31, 2020. The list of shareholders who had the right to receive dividend (Record Date) on May 12, 2021 and dividend would pay on May 25, 2021.
공시 • Mar 02Tirathai Public Company Limited, Annual General Meeting, Apr 07, 2021Tirathai Public Company Limited, Annual General Meeting, Apr 07, 2021, at 03:00 Coordinated Universal Time. Location: 516/2 Moo 2 Bangpoo Industrial Estate (Soi 1B) Sukhumvit Road, Bangpoomai Sub-District, Mueang Samut Prakan District Samut Prakarn Thailand Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders for the year 2020; to acknowledge the operating results for the year 2020; to consider and approve financial statement for the year ended 31 December 2020; to consider and approve appropriation of net profit for the year 2020 and dividend payment; to consider the election of directors to replace those retiring by rotation; to consider and approve remuneration of directors for the year 2021; to consider and approve the amendment of Clause 3 of the Memorandum of Association; and to consider other matters.
Reported Earnings • Mar 02Full year 2020 earnings released: EPS ฿0.039 (vs ฿0.24 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿2.57b (up 4.9% from FY 2019). Net income: ฿11.9m (down 84% from FY 2019). Profit margin: 0.5% (down from 3.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 18New 90-day high: ฿1.77The company is up 11% from its price of ฿1.60 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 18% over the same period.
Is New 90 Day High Low • Dec 29New 90-day high: ฿1.75The company is up 8.0% from its price of ฿1.62 on 30 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 98% over the same period.
Reported Earnings • Nov 21Third quarter 2020 earnings released: ฿0.027 loss per shareThe company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: ฿594.0m (up 2.4% from 3Q 2019). Net loss: ฿8.36m (loss widened ฿7.51m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 19New 90-day low: ฿1.61The company is down 5.0% from its price of ฿1.69 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 11% over the same period.
Is New 90 Day High Low • Sep 30New 90-day low: ฿1.62The company is down 4.0% from its price of ฿1.68 on 02 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is down 8.0% over the same period.
