Reported Earnings • Mar 01
Full year 2025 earnings released: ฿0.081 loss per share (vs ฿0.28 loss in FY 2024) Full year 2025 results: ฿0.081 loss per share (improved from ฿0.28 loss in FY 2024). Revenue: ฿1.46b (down 11% from FY 2024). Net loss: ฿21.6m (loss narrowed 71% from FY 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. 공고 • Feb 27
Thai Wire Products Public Company Limited, Annual General Meeting, Apr 28, 2026 Thai Wire Products Public Company Limited, Annual General Meeting, Apr 28, 2026, at 10:00 SE Asia Standard Time. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.17 loss in 3Q 2024) Third quarter 2025 results: EPS: ฿0.10 (up from ฿0.17 loss in 3Q 2024). Revenue: ฿371.3m (up 3.1% from 3Q 2024). Net income: ฿26.8m (up ฿73.3m from 3Q 2024). Profit margin: 7.2% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 04
Now 20% undervalued Over the last 90 days, the stock has risen 6.2% to ฿1.20. The fair value is estimated to be ฿1.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 11
Now 21% undervalued Over the last 90 days, the stock has risen 27% to ฿1.18. The fair value is estimated to be ฿1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 21
Now 26% undervalued Over the last 90 days, the stock has risen 7.8% to ฿1.12. The fair value is estimated to be ฿1.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 16
First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.047 profit in 1Q 2024) First quarter 2025 results: ฿0.02 loss per share (down from ฿0.047 profit in 1Q 2024). Revenue: ฿369.1m (down 16% from 1Q 2024). Net loss: ฿4.85m (down 139% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. New Risk • May 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (฿304.3m market cap, or US$9.20m). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Mar 01
Full year 2024 earnings released: ฿0.30 loss per share (vs ฿0.44 loss in FY 2023) Full year 2024 results: ฿0.30 loss per share (improved from ฿0.44 loss in FY 2023). Revenue: ฿1.64b (down 7.8% from FY 2023). Net loss: ฿75.4m (loss narrowed 32% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿310.1m (US$9.18m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (฿310.1m market cap, or US$9.18m). Reported Earnings • Aug 15
Second quarter 2024 earnings released: ฿0.17 loss per share (vs ฿0.044 loss in 2Q 2023) Second quarter 2024 results: ฿0.17 loss per share (further deteriorated from ฿0.044 loss in 2Q 2023). Revenue: ฿417.4m (down 14% from 2Q 2023). Net loss: ฿41.9m (loss widened 275% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • May 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to ฿1.83. The fair value is estimated to be ฿2.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 90%. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.13 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.05 (up from ฿0.13 loss in 1Q 2023). Revenue: ฿441.4m (down 4.4% from 1Q 2023). Net income: ฿12.6m (up ฿44.8m from 1Q 2023). Profit margin: 2.9% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 02
Full year 2023 earnings released: ฿0.44 loss per share (vs ฿0.29 loss in FY 2022) Full year 2023 results: ฿0.44 loss per share (further deteriorated from ฿0.29 loss in FY 2022). Revenue: ฿1.77b (down 17% from FY 2022). Net loss: ฿111.4m (loss widened 53% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 19
Third quarter 2023 earnings released: ฿0.15 loss per share (vs ฿0.14 loss in 3Q 2022) Third quarter 2023 results: ฿0.15 loss per share (further deteriorated from ฿0.14 loss in 3Q 2022). Revenue: ฿430.3m (down 15% from 3Q 2022). Net loss: ฿37.6m (loss widened 8.1% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. 공고 • Nov 15
Thai Wire Products Public Company Limited Announces Board Changes The resolution of Thai Wire Products Public Company Limited Board of Directors Meeting No. 5/2023 held on November 13, 2023 has approved to appoint Mr. Benjapon Chantawan as Director in replacement of Mr. Yongyuth Boonmee, resigning director, effective from November 14, 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings released: ฿0.04 loss per share (vs ฿0.092 profit in 2Q 2022) Second quarter 2023 results: ฿0.04 loss per share (down from ฿0.092 profit in 2Q 2022). Revenue: ฿486.0m (down 21% from 2Q 2022). Net loss: ฿11.2m (down 148% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 공고 • Jul 01
Thai Wire Products Public Company Limited Announces Resignation of Yongyuth Boonmee as Director, Effective July 1, 2023 Thai Wire Products Public Company Limited announced that Mr. Yongyuth Boonmee, Director, has resigned from his position, effective from July 1, 2023. 공고 • Jan 05
Thai Wire Products Public Company Limited Announces Resignation of Phanthum Phanthumchinda as Independent Director and Member of Nomination and Remuneration Committee Thai Wire Products Public Company Limited announced resignation of Mr. Phanthum Phanthumchinda resigned from the Independent Director and Member of Nomination and Remuneration Committee. To be effective on January 4, 2023. Reported Earnings • Nov 19
Third quarter 2022 earnings released: ฿0.14 loss per share (vs ฿0.027 profit in 3Q 2021) Third quarter 2022 results: ฿0.14 loss per share (down from ฿0.027 profit in 3Q 2021). Revenue: ฿508.6m (up 5.0% from 3Q 2021). Net loss: ฿34.8m (down ฿41.7m from profit in 3Q 2021). 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. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: ฿0.092 (vs ฿0.20 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.092 (down from ฿0.20 in 2Q 2021). Revenue: ฿611.8m (up 2.0% from 2Q 2021). Net income: ฿23.1m (down 55% from 2Q 2021). Profit margin: 3.8% (down from 8.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 20% share price gain to ฿4.36, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 13x in the Building industry in Thailand. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿3.72, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 13x in the Building industry in Thailand. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 17% share price gain to ฿4.72, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 13x in the Building industry in Thailand. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 32% share price gain to ฿4.20, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 12x in the Building industry in Thailand. Total returns to shareholders of 35% over the past three years. Buying Opportunity • May 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be ฿3.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Mar 03
Upcoming dividend of ฿0.065 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 13%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (4.3%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.61 (up from ฿0.048 loss in FY 2020). Revenue: ฿2.13b (up 30% from FY 2020). Net income: ฿154.1m (up ฿167.0m from FY 2020). Profit margin: 7.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 19
Upcoming dividend of ฿0.22 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 11%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (4.1%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.25 (vs ฿0.016 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿498.4m (up 19% from 1Q 2020). Net income: ฿67.4m (up ฿63.0m from 1Q 2020). Profit margin: 14% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Feb 25
Full year 2020 earnings released: ฿0.05 loss per share (vs ฿0.068 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿1.64b (down 19% from FY 2019). Net loss: ฿12.9m (down 170% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 08
New 90-day high: ฿2.26 The company is up 23% from its price of ฿1.83 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ฿1.93 The company is up 5.0% from its price of ฿1.83 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is down 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.04 The company reported a mediocre third quarter result with weaker revenues, although earnings were flat and profit margins were improved. Third quarter 2020 results: Revenue: ฿420.6m (down 27% from 3Q 2019). Net income: ฿9.69m (flat on 3Q 2019). Profit margin: 2.3% (up from 1.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.