View Financial HealthVanachai Group 배당 및 자사주 매입배당 기준 점검 0/6Vanachai Group 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-15.7%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트Declared Dividend • Feb 28Final dividend of ฿0.05 announcedShareholders will receive a dividend of ฿0.05. Ex-date: 17th March 2025 Payment date: 16th May 2025 Dividend yield will be 3.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • Feb 26Vanachai Group Public Company Limited Proposes Interim Dividend for the Year 2024, Payable on May 16, 2025Vanachai Group Public Company Limited proposed to the Annual General Meeting to consider and approve the payment of dividends of the year 2024 as THB 0.10 each. As interim dividend of THB 0.05 each on 5 September 2024. The remaining dividend will be paid THB 0.05 each. Subject to shareholders' approval, the dividend will be paid on 16 May 2025. The record date to determine the names of shareholders who have right to receive dividend payment, will be on 18 March 2025.Upcoming Dividend • Aug 15Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (7.0%). Lower than average of industry peers (2.7%).Upcoming Dividend • Mar 08Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 17 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (17%).Declared Dividend • Feb 29Dividend of ฿0.02 announcedShareholders will receive a dividend of ฿0.02. Ex-date: 15th March 2024 Payment date: 17th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time.Upcoming Dividend • Mar 09Upcoming dividend of ฿0.10 per share at 4.2% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.7%). In line with average of industry peers (4.5%).모든 업데이트 보기Recent updatesNew Risk • May 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.21b (US$98.4m) This is considered a minor 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 Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.21b market cap, or US$98.4m).Reported Earnings • May 17First quarter 2026 earnings released: ฿0.14 loss per share (vs ฿0.02 loss in 1Q 2025)First quarter 2026 results: ฿0.14 loss per share (further deteriorated from ฿0.02 loss in 1Q 2025). Revenue: ฿2.54b (down 18% from 1Q 2025). Net loss: ฿239.2m (loss widened ฿207.1m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.New Risk • Mar 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.26b (US$99.2m) This is considered a minor 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 Debt is not well covered by operating cash flow (2.2% operating cash flow to total debt). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.26b market cap, or US$99.2m).Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.35 loss per share (vs ฿0.13 profit in FY 2024)Full year 2025 results: ฿0.35 loss per share (down from ฿0.13 profit in FY 2024). Revenue: ฿11.3b (down 17% from FY 2024). Net loss: ฿601.7m (down 361% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 61% 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.공고 • Feb 26Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2026Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time.New Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.8% 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 Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change).New Risk • Nov 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.18b (US$98.3m) This is considered a minor 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 Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.18b market cap, or US$98.3m).New Risk • Nov 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years.Reported Earnings • Nov 13Third quarter 2025 earnings released: ฿0.09 loss per share (vs ฿0.096 profit in 3Q 2024)Third quarter 2025 results: ฿0.09 loss per share (down from ฿0.096 profit in 3Q 2024). Revenue: ฿2.49b (down 29% from 3Q 2024). Net loss: ฿153.1m (down 192% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ฿2.83b (down 13% from 2Q 2024). Net loss: ฿30.6m (down 115% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance.New Risk • May 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Dividend is not well covered by earnings (134% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).Reported Earnings • May 15First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.04 profit in 1Q 2024)First quarter 2025 results: ฿0.02 loss per share (down from ฿0.04 profit in 1Q 2024). Revenue: ฿3.10b (down 2.8% from 1Q 2024). Net loss: ฿32.1m (down 145% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.Declared Dividend • Feb 28Final dividend of ฿0.05 announcedShareholders will receive a dividend of ฿0.05. Ex-date: 17th March 2025 Payment date: 16th May 2025 Dividend yield will be 3.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • Feb 27Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2025Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:00 SE Asia Standard Time. Location: the phra visanu room, 3rd floor, the asawin grand, convention hotel at no. 88 vibhavadi rangsit road, (kamphaeng phet 6), kwaeng talad bangkhen, khet, laksi, bangkok, bangkok ThailandNew Risk • Feb 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 764% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.공고 • Feb 26Vanachai Group Public Company Limited Proposes Interim Dividend for the Year 2024, Payable on May 16, 2025Vanachai Group Public Company Limited proposed to the Annual General Meeting to consider and approve the payment of dividends of the year 2024 as THB 0.10 each. As interim dividend of THB 0.05 each on 5 September 2024. The remaining dividend will be paid THB 0.05 each. Subject to shareholders' approval, the dividend will be paid on 16 May 2025. The record date to determine the names of shareholders who have right to receive dividend payment, will be on 18 March 2025.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.05 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.05 in 3Q 2023). Revenue: ฿3.51b (up 17% from 3Q 2023). Net income: ฿165.9m (up 81% from 3Q 2023). Profit margin: 4.7% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 15Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (7.0%). Lower than average of industry peers (2.7%).Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.04 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.12 (up from ฿0.04 in 2Q 2023). Revenue: ฿3.26b (down 6.8% from 2Q 2023). Net income: ฿210.4m (up 202% from 2Q 2023). Profit margin: 6.5% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.공고 • Aug 10+ 1 more updateVanachai Group Public Company Limited Announces Appointment of M.L. Dispanadda Diskul as substituting Director and Independent DirectorThe Board of Directors meeting of Vanachai Group Public Company Limited held on 8 August 2024 resolved the meeting's resolutions, approve the appointment of M.L. Dispanadda Diskul as a substituting director and an Independent director for Mr. Vichai Nivespathomwat, effective from 8 August 2024.공고 • Jul 31Vanachai Group Public Company Limited Announces Resignation of Mr. Vichai Nivespathomwat as DirectorVanachai Group Public Company Limited informed that Mr.Vichai Nivespathomwat, director of the Company has resigned from his position, effective from 1 August 2024 onwards. In this respect, the Company will proceed with the appointment of a replacement director, who is legally qualified and possesses no prohibited characteristics as prescribed in the Company's Articles of Association, that the company has informed.Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.14 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.04 (up from ฿0.14 loss in 1Q 2023). Revenue: ฿3.19b (down 15% from 1Q 2023). Net income: ฿71.8m (up ฿320.3m from 1Q 2023). Profit margin: 2.3% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 08Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 17 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (17%).Declared Dividend • Feb 29Dividend of ฿0.02 announcedShareholders will receive a dividend of ฿0.02. Ex-date: 15th March 2024 Payment date: 17th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.02 (vs ฿0.41 in FY 2022)Full year 2023 results: EPS: ฿0.02 (down from ฿0.41 in FY 2022). Revenue: ฿14.1b (up 7.7% from FY 2022). Net income: ฿26.7m (down 96% from FY 2022). Profit margin: 0.2% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year.공고 • Feb 27Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2024Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Location: the Phra Visanu Room, 3rd Floor, The Asawin Grand Convention Hotel at No. 88 Vibhavadi Rangsit Road (Kamphaeng Phet 6), Kwaeng Talad Bangkhen, Khet Laksi Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2023 held on 24 April 2023; to acknowledge the Annual Report 2023 of the Board of Directors; to consider and approve company's balance sheet and income statement for the fiscal year ended December 31, 2023; and to consider other matters.Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.12 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.05 (down from ฿0.12 in 3Q 2022). Revenue: ฿3.00b (up 6.5% from 3Q 2022). Net income: ฿91.9m (down 54% from 3Q 2022). Profit margin: 3.1% (down from 7.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공고 • Nov 09Vanachai Group Public Company Limited Announces Board and Committee ChangesThe Board of Directors meeting of Vanachai Group Public Company Limited held on 7 November 2023 resolved the meeting's resolutions in the following manners: Approved the appointment of Police General Visanu Prasattongosoth as a substituting director, an Independent director and a Member of the Audit Committee for Police General Wichean Potephosree, effective from 7 November 2023. Approve the appointment of Mr. Praphan Anaman as a substituting director, an Independent director and a Member of the Audit Committee for Mr. Nipon Wisityuthasart, effective from 7 November 2023.공고 • Nov 02Vanachai Group Public Company Limited Announces Resignation of Nipon Wisityuthasart as Director and Audit CommitteeVanachai Group Public Company Limited announced that Nipon Wisityuthasart, director and audit committee of the Company has resigned from his position, effective from 31 October 2023 onwards.공고 • Oct 10Vanachai Group Public Company Limited Announces the Resignation of Wichean Potephosree as Director and Audit Committee Member, Effective 11 October 2023Vanachai Group Public Company Limited announced that Police General Wichean Potephosree, director and audit committee of the company hasresigned from his position due to personal business engagement, effective from 11 October 2023 onwards. In this respect, the Board of Directors has proceed with the appointment of a replacement director, who is legally qualified and possesses no prohibited characteristics as in the Company's Articles of Association, that it has informed.Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.21 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.04 (down from ฿0.21 in 2Q 2022). Revenue: ฿3.49b (down 12% from 2Q 2022). Net income: ฿69.6m (down 81% from 2Q 2022). Profit margin: 2.0% (down from 9.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.00, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Building industry in Thailand. Total returns to shareholders of 25% over the past three years.Upcoming Dividend • Mar 09Upcoming dividend of ฿0.10 per share at 4.2% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.7%). In line with average of industry peers (4.5%).Reported Earnings • Feb 25Full year 2022 earnings released: EPS: ฿0.41 (vs ฿0.75 in FY 2021)Full year 2022 results: EPS: ฿0.41 (down from ฿0.75 in FY 2021). Revenue: ฿13.1b (up 1.2% from FY 2021). Net income: ฿716.7m (down 45% from FY 2021). Profit margin: 5.5% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to ฿10.60Up from ฿7.70, the current price target is provided by 1 analyst. New target price is 81% above last closing price of ฿5.85. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿0.88 for next year compared to ฿0.75 last year.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.12 (vs ฿0.28 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.12 (down from ฿0.28 in 3Q 2021). Revenue: ฿2.82b (down 15% from 3Q 2021). Net income: ฿200.5m (down 60% from 3Q 2021). Profit margin: 7.1% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 12Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 77%. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.5%). In line with average of industry peers (5.3%).Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.20 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.21 (up from ฿0.20 in 2Q 2021). Revenue: ฿3.97b (up 46% from 2Q 2021). Net income: ฿359.7m (up 5.9% from 2Q 2021). Profit margin: 9.1% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공고 • Aug 08Vanachai Group Public Company Limited Announces Cash Dividend for the Period Form 1 January 2022 to 30 June 2022, Payable on 2 September 2022Vanachai Group Public Company Limited announced cash dividend of THB 0.10 per share for the operating period from 1 January 2022 to 30 June 2022. Payment date: 2 September 2022. Ex-dividend date: 19 August 2022. Record date for the right to receive dividends: 22 August 2022.Reported Earnings • May 11First quarter 2022 earnings released: EPS: ฿0.18 (vs ฿0.074 in 1Q 2021)First quarter 2022 results: EPS: ฿0.18 (up from ฿0.074 in 1Q 2021). Revenue: ฿3.54b (up 13% from 1Q 2021). Net income: ฿317.6m (up 146% from 1Q 2021). Profit margin: 9.0% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공고 • Apr 07Vanachai Group Public Company Limited Announces the Changing of Chief AccountantVanachai Group Public Company Limited announced the changing of Chief Accountant. Position of Chief Accountant Accountant: Mr. WitoonSamapath. Position of Chief Accountant Accounting and Administration Department Manager: Miss. Kanokwan Khuanpadung. Effective Date of appointment is April 01, 2022.Upcoming Dividend • Mar 09Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 16 March 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.4%). In line with average of industry peers (5.2%).공고 • Feb 24+ 1 more updateVanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2022Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2022, at 03:00 Coordinated Universal Time. Location: 2/1 Wongsawang Road, Kwaeng Wongsawang Khet Bangsue Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2021 held on 17 May 2021; to acknowledge the Annual Report 2021 of the Board of Directors; to consider and approve the company’s balance sheet and income statements for the fiscal year ended 31 December 2021; to acknowledge the payment of interim dividend and to consider and approve the allocation of profit for the 2021; to consider and approve the election of directors replace those retiring by rotation; to consider and approve the remuneration of directors; and to consider and approve the appointment of the company’s auditors and determine the audit fee for year 2022.Reported Earnings • Feb 23Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ฿0.75 (up from ฿0.36 loss in FY 2020). Revenue: ฿13.0b (up 56% from FY 2020). Net income: ฿1.29b (up ฿1.88b from FY 2020). Profit margin: 10.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. 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 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.11 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿3.30b (up 60% from 3Q 2020). Net income: ฿494.5m (up ฿679.5m from 3Q 2020). Profit margin: 15% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 19Inaugural dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 09 September 2021. The company last paid an ordinary dividend in February 2019. The average dividend yield among industry peers is 4.1%.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.026 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.72b (up 32% from 2Q 2020). Net income: ฿339.7m (up ฿381.2m from 2Q 2020). Profit margin: 13% (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 fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공고 • Mar 02Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2021Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2021, at 10:00 SE Asia Standard Time. Location: at the Jupiter Room 3rd floor, Miracle Grand Convention Hotel; No. 99, Kamphaeng Phet 6 Road, Kwaeng Talad Bangkhen, Khet Laksi, Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2020 held on 17 June 2020; to acknowledge the Annual Report 2020 of the Board of Directors; to consider and approve the company's balance sheet and income statements for the fiscal year ended 31 December 2020; to consider and approve the suspension of dividend payment; to consider and approve the election of directors replace those retiring by rotation; to consider and approve the remuneration of directors; to consider and approve the appointment of the company's auditors and determine the audit fee for year 2021; to consider and approve the reduction of the registered capital of the Company; and to consider other matters (if any).Reported Earnings • Mar 02Full year 2020 earnings released: ฿0.36 loss per share (vs ฿0.78 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ฿8.34b (down 12% from FY 2019). Net loss: ฿590.5m (loss narrowed 52% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 01New 90-day high: ฿4.20The company is up 29% from its price of ฿3.26 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period.Is New 90 Day High Low • Dec 02New 90-day high: ฿3.48The company is up 4.0% from its price of ฿3.36 on 03 September 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is down 6.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: ฿0.11 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ฿2.07b (down 17% from 3Q 2019). Net loss: ฿185.0m (loss narrowed 38% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 19New 90-day low: ฿3.02The company is down 18% from its price of ฿3.68 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is down 8.0% over the same period.Is New 90 Day High Low • Sep 22New 90-day low: ฿3.10The company is down 5.0% from its price of ฿3.26 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 14% over the same period.공고 • Jul 22Vanachai Group Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 630.864765 million.Vanachai Group Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 630.864765 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 168,230,604 Price\Range: THB 3.75 Transaction Features: Rights Offering지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 VNG 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: VNG 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Vanachai Group 배당 수익률 vs 시장VNG의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (VNG)0%시장 하위 25% (TH)3.1%시장 상위 25% (TH)7.1%업계 평균 (Building)5.9%분석가 예측 (VNG) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 VNG 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 VNG 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: VNG TH 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: VNG 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/13 05:05종가2026/07/13 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Vanachai Group Public Company Limited는 4명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Prasit RattanakijkamolAsia Plus Securities Company LimitedNarumon EkasamutBualuang Securities PCLApichat PoobunjirdkulTisco Securities Co. Ltd.1명의 분석가 더 보기
Declared Dividend • Feb 28Final dividend of ฿0.05 announcedShareholders will receive a dividend of ฿0.05. Ex-date: 17th March 2025 Payment date: 16th May 2025 Dividend yield will be 3.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • Feb 26Vanachai Group Public Company Limited Proposes Interim Dividend for the Year 2024, Payable on May 16, 2025Vanachai Group Public Company Limited proposed to the Annual General Meeting to consider and approve the payment of dividends of the year 2024 as THB 0.10 each. As interim dividend of THB 0.05 each on 5 September 2024. The remaining dividend will be paid THB 0.05 each. Subject to shareholders' approval, the dividend will be paid on 16 May 2025. The record date to determine the names of shareholders who have right to receive dividend payment, will be on 18 March 2025.
Upcoming Dividend • Aug 15Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (7.0%). Lower than average of industry peers (2.7%).
Upcoming Dividend • Mar 08Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 17 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (17%).
Declared Dividend • Feb 29Dividend of ฿0.02 announcedShareholders will receive a dividend of ฿0.02. Ex-date: 15th March 2024 Payment date: 17th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time.
Upcoming Dividend • Mar 09Upcoming dividend of ฿0.10 per share at 4.2% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.7%). In line with average of industry peers (4.5%).
New Risk • May 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.21b (US$98.4m) This is considered a minor 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 Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.21b market cap, or US$98.4m).
Reported Earnings • May 17First quarter 2026 earnings released: ฿0.14 loss per share (vs ฿0.02 loss in 1Q 2025)First quarter 2026 results: ฿0.14 loss per share (further deteriorated from ฿0.02 loss in 1Q 2025). Revenue: ฿2.54b (down 18% from 1Q 2025). Net loss: ฿239.2m (loss widened ฿207.1m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
New Risk • Mar 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.26b (US$99.2m) This is considered a minor 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 Debt is not well covered by operating cash flow (2.2% operating cash flow to total debt). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.26b market cap, or US$99.2m).
Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.35 loss per share (vs ฿0.13 profit in FY 2024)Full year 2025 results: ฿0.35 loss per share (down from ฿0.13 profit in FY 2024). Revenue: ฿11.3b (down 17% from FY 2024). Net loss: ฿601.7m (down 361% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 61% 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.
공고 • Feb 26Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2026Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time.
New Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.8% 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 Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change).
New Risk • Nov 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.18b (US$98.3m) This is considered a minor 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 Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.18b market cap, or US$98.3m).
New Risk • Nov 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years.
Reported Earnings • Nov 13Third quarter 2025 earnings released: ฿0.09 loss per share (vs ฿0.096 profit in 3Q 2024)Third quarter 2025 results: ฿0.09 loss per share (down from ฿0.096 profit in 3Q 2024). Revenue: ฿2.49b (down 29% from 3Q 2024). Net loss: ฿153.1m (down 192% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ฿2.83b (down 13% from 2Q 2024). Net loss: ฿30.6m (down 115% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance.
New Risk • May 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Dividend is not well covered by earnings (134% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).
Reported Earnings • May 15First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.04 profit in 1Q 2024)First quarter 2025 results: ฿0.02 loss per share (down from ฿0.04 profit in 1Q 2024). Revenue: ฿3.10b (down 2.8% from 1Q 2024). Net loss: ฿32.1m (down 145% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.
Declared Dividend • Feb 28Final dividend of ฿0.05 announcedShareholders will receive a dividend of ฿0.05. Ex-date: 17th March 2025 Payment date: 16th May 2025 Dividend yield will be 3.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • Feb 27Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2025Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:00 SE Asia Standard Time. Location: the phra visanu room, 3rd floor, the asawin grand, convention hotel at no. 88 vibhavadi rangsit road, (kamphaeng phet 6), kwaeng talad bangkhen, khet, laksi, bangkok, bangkok Thailand
New Risk • Feb 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 764% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
공고 • Feb 26Vanachai Group Public Company Limited Proposes Interim Dividend for the Year 2024, Payable on May 16, 2025Vanachai Group Public Company Limited proposed to the Annual General Meeting to consider and approve the payment of dividends of the year 2024 as THB 0.10 each. As interim dividend of THB 0.05 each on 5 September 2024. The remaining dividend will be paid THB 0.05 each. Subject to shareholders' approval, the dividend will be paid on 16 May 2025. The record date to determine the names of shareholders who have right to receive dividend payment, will be on 18 March 2025.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.05 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.05 in 3Q 2023). Revenue: ฿3.51b (up 17% from 3Q 2023). Net income: ฿165.9m (up 81% from 3Q 2023). Profit margin: 4.7% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 15Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (7.0%). Lower than average of industry peers (2.7%).
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.04 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.12 (up from ฿0.04 in 2Q 2023). Revenue: ฿3.26b (down 6.8% from 2Q 2023). Net income: ฿210.4m (up 202% from 2Q 2023). Profit margin: 6.5% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
공고 • Aug 10+ 1 more updateVanachai Group Public Company Limited Announces Appointment of M.L. Dispanadda Diskul as substituting Director and Independent DirectorThe Board of Directors meeting of Vanachai Group Public Company Limited held on 8 August 2024 resolved the meeting's resolutions, approve the appointment of M.L. Dispanadda Diskul as a substituting director and an Independent director for Mr. Vichai Nivespathomwat, effective from 8 August 2024.
공고 • Jul 31Vanachai Group Public Company Limited Announces Resignation of Mr. Vichai Nivespathomwat as DirectorVanachai Group Public Company Limited informed that Mr.Vichai Nivespathomwat, director of the Company has resigned from his position, effective from 1 August 2024 onwards. In this respect, the Company will proceed with the appointment of a replacement director, who is legally qualified and possesses no prohibited characteristics as prescribed in the Company's Articles of Association, that the company has informed.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.14 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.04 (up from ฿0.14 loss in 1Q 2023). Revenue: ฿3.19b (down 15% from 1Q 2023). Net income: ฿71.8m (up ฿320.3m from 1Q 2023). Profit margin: 2.3% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 08Upcoming dividend of ฿0.02 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 17 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (17%).
Declared Dividend • Feb 29Dividend of ฿0.02 announcedShareholders will receive a dividend of ฿0.02. Ex-date: 15th March 2024 Payment date: 17th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.02 (vs ฿0.41 in FY 2022)Full year 2023 results: EPS: ฿0.02 (down from ฿0.41 in FY 2022). Revenue: ฿14.1b (up 7.7% from FY 2022). Net income: ฿26.7m (down 96% from FY 2022). Profit margin: 0.2% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year.
공고 • Feb 27Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2024Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Location: the Phra Visanu Room, 3rd Floor, The Asawin Grand Convention Hotel at No. 88 Vibhavadi Rangsit Road (Kamphaeng Phet 6), Kwaeng Talad Bangkhen, Khet Laksi Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2023 held on 24 April 2023; to acknowledge the Annual Report 2023 of the Board of Directors; to consider and approve company's balance sheet and income statement for the fiscal year ended December 31, 2023; and to consider other matters.
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.12 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.05 (down from ฿0.12 in 3Q 2022). Revenue: ฿3.00b (up 6.5% from 3Q 2022). Net income: ฿91.9m (down 54% from 3Q 2022). Profit margin: 3.1% (down from 7.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공고 • Nov 09Vanachai Group Public Company Limited Announces Board and Committee ChangesThe Board of Directors meeting of Vanachai Group Public Company Limited held on 7 November 2023 resolved the meeting's resolutions in the following manners: Approved the appointment of Police General Visanu Prasattongosoth as a substituting director, an Independent director and a Member of the Audit Committee for Police General Wichean Potephosree, effective from 7 November 2023. Approve the appointment of Mr. Praphan Anaman as a substituting director, an Independent director and a Member of the Audit Committee for Mr. Nipon Wisityuthasart, effective from 7 November 2023.
공고 • Nov 02Vanachai Group Public Company Limited Announces Resignation of Nipon Wisityuthasart as Director and Audit CommitteeVanachai Group Public Company Limited announced that Nipon Wisityuthasart, director and audit committee of the Company has resigned from his position, effective from 31 October 2023 onwards.
공고 • Oct 10Vanachai Group Public Company Limited Announces the Resignation of Wichean Potephosree as Director and Audit Committee Member, Effective 11 October 2023Vanachai Group Public Company Limited announced that Police General Wichean Potephosree, director and audit committee of the company hasresigned from his position due to personal business engagement, effective from 11 October 2023 onwards. In this respect, the Board of Directors has proceed with the appointment of a replacement director, who is legally qualified and possesses no prohibited characteristics as in the Company's Articles of Association, that it has informed.
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.21 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.04 (down from ฿0.21 in 2Q 2022). Revenue: ฿3.49b (down 12% from 2Q 2022). Net income: ฿69.6m (down 81% from 2Q 2022). Profit margin: 2.0% (down from 9.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.00, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Building industry in Thailand. Total returns to shareholders of 25% over the past three years.
Upcoming Dividend • Mar 09Upcoming dividend of ฿0.10 per share at 4.2% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.7%). In line with average of industry peers (4.5%).
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: ฿0.41 (vs ฿0.75 in FY 2021)Full year 2022 results: EPS: ฿0.41 (down from ฿0.75 in FY 2021). Revenue: ฿13.1b (up 1.2% from FY 2021). Net income: ฿716.7m (down 45% from FY 2021). Profit margin: 5.5% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to ฿10.60Up from ฿7.70, the current price target is provided by 1 analyst. New target price is 81% above last closing price of ฿5.85. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿0.88 for next year compared to ฿0.75 last year.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.12 (vs ฿0.28 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.12 (down from ฿0.28 in 3Q 2021). Revenue: ฿2.82b (down 15% from 3Q 2021). Net income: ฿200.5m (down 60% from 3Q 2021). Profit margin: 7.1% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 12Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 77%. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.5%). In line with average of industry peers (5.3%).
Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.20 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.21 (up from ฿0.20 in 2Q 2021). Revenue: ฿3.97b (up 46% from 2Q 2021). Net income: ฿359.7m (up 5.9% from 2Q 2021). Profit margin: 9.1% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공고 • Aug 08Vanachai Group Public Company Limited Announces Cash Dividend for the Period Form 1 January 2022 to 30 June 2022, Payable on 2 September 2022Vanachai Group Public Company Limited announced cash dividend of THB 0.10 per share for the operating period from 1 January 2022 to 30 June 2022. Payment date: 2 September 2022. Ex-dividend date: 19 August 2022. Record date for the right to receive dividends: 22 August 2022.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: ฿0.18 (vs ฿0.074 in 1Q 2021)First quarter 2022 results: EPS: ฿0.18 (up from ฿0.074 in 1Q 2021). Revenue: ฿3.54b (up 13% from 1Q 2021). Net income: ฿317.6m (up 146% from 1Q 2021). Profit margin: 9.0% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공고 • Apr 07Vanachai Group Public Company Limited Announces the Changing of Chief AccountantVanachai Group Public Company Limited announced the changing of Chief Accountant. Position of Chief Accountant Accountant: Mr. WitoonSamapath. Position of Chief Accountant Accounting and Administration Department Manager: Miss. Kanokwan Khuanpadung. Effective Date of appointment is April 01, 2022.
Upcoming Dividend • Mar 09Upcoming dividend of ฿0.30 per shareEligible shareholders must have bought the stock before 16 March 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.4%). In line with average of industry peers (5.2%).
공고 • Feb 24+ 1 more updateVanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2022Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2022, at 03:00 Coordinated Universal Time. Location: 2/1 Wongsawang Road, Kwaeng Wongsawang Khet Bangsue Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2021 held on 17 May 2021; to acknowledge the Annual Report 2021 of the Board of Directors; to consider and approve the company’s balance sheet and income statements for the fiscal year ended 31 December 2021; to acknowledge the payment of interim dividend and to consider and approve the allocation of profit for the 2021; to consider and approve the election of directors replace those retiring by rotation; to consider and approve the remuneration of directors; and to consider and approve the appointment of the company’s auditors and determine the audit fee for year 2022.
Reported Earnings • Feb 23Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ฿0.75 (up from ฿0.36 loss in FY 2020). Revenue: ฿13.0b (up 56% from FY 2020). Net income: ฿1.29b (up ฿1.88b from FY 2020). Profit margin: 10.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. 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 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.11 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿3.30b (up 60% from 3Q 2020). Net income: ฿494.5m (up ฿679.5m from 3Q 2020). Profit margin: 15% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 19Inaugural dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 09 September 2021. The company last paid an ordinary dividend in February 2019. The average dividend yield among industry peers is 4.1%.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.026 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.72b (up 32% from 2Q 2020). Net income: ฿339.7m (up ฿381.2m from 2Q 2020). Profit margin: 13% (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 fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공고 • Mar 02Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2021Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2021, at 10:00 SE Asia Standard Time. Location: at the Jupiter Room 3rd floor, Miracle Grand Convention Hotel; No. 99, Kamphaeng Phet 6 Road, Kwaeng Talad Bangkhen, Khet Laksi, Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2020 held on 17 June 2020; to acknowledge the Annual Report 2020 of the Board of Directors; to consider and approve the company's balance sheet and income statements for the fiscal year ended 31 December 2020; to consider and approve the suspension of dividend payment; to consider and approve the election of directors replace those retiring by rotation; to consider and approve the remuneration of directors; to consider and approve the appointment of the company's auditors and determine the audit fee for year 2021; to consider and approve the reduction of the registered capital of the Company; and to consider other matters (if any).
Reported Earnings • Mar 02Full year 2020 earnings released: ฿0.36 loss per share (vs ฿0.78 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ฿8.34b (down 12% from FY 2019). Net loss: ฿590.5m (loss narrowed 52% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 01New 90-day high: ฿4.20The company is up 29% from its price of ฿3.26 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Dec 02New 90-day high: ฿3.48The company is up 4.0% from its price of ฿3.36 on 03 September 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is down 6.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: ฿0.11 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ฿2.07b (down 17% from 3Q 2019). Net loss: ฿185.0m (loss narrowed 38% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 19New 90-day low: ฿3.02The company is down 18% from its price of ฿3.68 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is down 8.0% over the same period.
Is New 90 Day High Low • Sep 22New 90-day low: ฿3.10The company is down 5.0% from its price of ฿3.26 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 14% over the same period.
공고 • Jul 22Vanachai Group Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 630.864765 million.Vanachai Group Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 630.864765 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 168,230,604 Price\Range: THB 3.75 Transaction Features: Rights Offering