Chayo Group (CHAYO) 주식 개요차요 그룹 공공 유한회사는 자회사와 함께 부실 자산에 투자하고 관리합니다. 자세히 보기CHAYO 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장3/6과거 실적0/6재무 건전성1/6배당0/6강점수익은 매년 75.85% 증가할 것으로 예상됩니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.의미 있는 시가총액이 없습니다(THB1B)지난 3개월 동안 주가 변동성이 TH 시장과 비교해 높았습니다.모든 위험 점검 보기CHAYO 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฿1.193.5% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-521m2b2016201920222025202620282031Revenue ฿1.8bEarnings ฿118.5mAdvancedSet Fair ValueView all narrativesChayo Group Public Company Limited 경쟁사Krungdhep SophonSymbol: SET:KWCMarket cap: ฿1.6bKingsmen C.M.T.ISymbol: SET:KMarket cap: ฿505.2mThai Nondestructive TestingSymbol: SET:TNDTMarket cap: ฿225.1mPeer For YouSymbol: SET:PEERMarket cap: ฿105.5m가격 이력 및 성과Chayo Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가฿1.1952주 최고가฿2.2252주 최저가฿0.97베타0.391개월 변동16.67%3개월 변동-15.60%1년 변동-37.70%3년 변동-84.45%5년 변동-91.15%IPO 이후 변동-39.50%최근 뉴스 및 업데이트Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.New Risk • Feb 27New 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 6.4% 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 Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.40b market cap, or US$45.0m).공시 • Feb 27Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.07 per share.Major Estimate Revision • Nov 23Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.15b to ฿2.12b. EPS estimate also fell from ฿0.36 per share to ฿0.22 per share. Net income forecast to grow 23% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿2.75 to ฿2.23. Share price was steady at ฿1.34 over the past week.더 많은 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.New Risk • Feb 27New 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 6.4% 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 Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.40b market cap, or US$45.0m).공시 • Feb 27Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.07 per share.Major Estimate Revision • Nov 23Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.15b to ฿2.12b. EPS estimate also fell from ฿0.36 per share to ฿0.22 per share. Net income forecast to grow 23% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿2.75 to ฿2.23. Share price was steady at ฿1.34 over the past week.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.086 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.024 (down from ฿0.086 in 3Q 2024). Revenue: ฿585.6m (up 11% from 3Q 2024). Net income: ฿28.3m (down 72% from 3Q 2024). Profit margin: 4.8% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 17Price target decreased by 14% to ฿2.75Down from ฿3.21, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ฿1.92. Stock is down 27% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.21 last year.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.082 (vs ฿0.067 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.082 (up from ฿0.067 in 2Q 2024). Revenue: ฿529.2m (up 10% from 2Q 2024). Net income: ฿94.6m (up 23% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.New Risk • Aug 15New 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 9.7% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Market cap is less than US$100m (฿1.71b market cap, or US$52.9m).Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿1.92, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 80% over the past three years.Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.45, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿0.74 per share.Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.91, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (up from ฿0.003 in 1Q 2024). Revenue: ฿548.6m (up 11% from 1Q 2024). Net income: ฿80.2m (up ฿77.0m from 1Q 2024). Profit margin: 15% (up from 0.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.공시 • Apr 24Chayo Group Public Company Limited Approves Cash Dividend for the Fiscal Year Ended 2024 , Payable on May 22, 2025Chayo Group Public Company Limited at its General Meeting of Shareholders, held on April 23, 2025, approved to distribute common stock dividend from the Company's operating results for the fiscal year ended 2024 from unallocated retained earnings as the newly issued ordinary shares of the Company to the existing shareholders of the Company at the rate of 40 existing shares per 1 ordinary share, with the total number of shares not exceeding 31,272,566 shares at a par value of THB 0.50, totaling not exceeding THB 15,636,283, representing stock dividend at the rate of 0.0125000 per share. Where the shareholder has share fraction derived from the allocation of stock dividend, the Company will pay such shareholder for the fraction in cash at the rate of THB 0.0125000 per share, and to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and within May 22, 2025, as the dividend payment date.공시 • Mar 13Chayo Group Public Company Limited announces Annual dividend, payable on May 22, 2025Chayo Group Public Company Limited announced Annual dividend of THB 0.0014 per share payable on May 22, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.공시 • Mar 12+ 1 more updateChayo Group Public Company Limited Proposes Cash Dividend for Fiscal Year Ended December 31, 2024, Payable on May 23, 2025Chayo Group Public Company Limited at its board meeting held on March 11, 2025, approved to propose cash dividend for fiscal year ended December 31, 2024. For the period, the company proposes to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and May 23, 2025, as the dividend payment date. However, the right to receive dividend is subject to the approval by the 2025 Annual General Meeting of Shareholders to be held on April 23, 2025.Reported Earnings • Feb 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ฿0.21 (down from ฿0.34 in FY 2023). Revenue: ฿2.03b (up 33% from FY 2023). Net income: ฿241.2m (down 38% from FY 2023). Profit margin: 12% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.New Risk • Feb 27New 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 6.7% 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 Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿2.62b market cap, or US$77.1m).New Risk • Nov 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.41b (US$99.1m) 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 Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿3.41b market cap, or US$99.1m).Major Estimate Revision • Nov 19Consensus EPS estimates fall by 18%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.74b to ฿1.83b. EPS estimate fell from ฿0.317 to ฿0.26 per share. Net income forecast to grow 39% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target of ฿3.97 unchanged from last update. Share price was steady at ฿3.14 over the past week.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ฿0.088 (vs ฿0.066 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.088 (up from ฿0.066 in 3Q 2023). Revenue: ฿526.4m (up 40% from 3Q 2023). Net income: ฿100.5m (up 33% from 3Q 2023). Profit margin: 19% (down from 20% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿4.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 62% over the past three years.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.22, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.38 per share.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.067 (vs ฿0.081 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.067 (down from ฿0.081 in 2Q 2023). Revenue: ฿479.2m (up 44% from 2Q 2023). Net income: ฿76.8m (down 16% from 2Q 2023). Profit margin: 16% (down from 28% in 2Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.New Risk • Aug 05New 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 7.3% 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 Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿2.71b market cap, or US$76.8m).Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿2.74, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 77% over the past three years.New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.46b (US$96.1m) 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 Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿3.46b market cap, or US$96.1m).New Risk • Jun 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 25% 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin).Upcoming Dividend • May 23Upcoming dividend of ฿0.035 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 0.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (1.7%).Major Estimate Revision • May 15Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.62b to ฿1.72b. EPS estimate fell from ฿0.36 to ฿0.315 per share. Net income forecast to shrink 10% next year vs 20% growth forecast for Commercial Services industry in Thailand . Consensus price target down from ฿6.75 to ฿5.85. Share price fell 6.0% to ฿4.04 over the past week.공시 • May 11Chayo Group Public Company Limited Announces Cash Dividend, Payable on June 10, 2024Chayo Group Public Company Limited announced cash dividend of THB 0.035 per share, payable on June 10, 2024 with Record date for the right to receive dividends of June 4, 2024 and Ex-dividend date of May 31, 2024.공시 • Apr 26Chayo Group Public Company Limited Approves the Omission of Dividend Payment for the Fiscal Year Ended December 31, 2023Chayo Group Public Company Limited at its 2024 Annual General Meeting of Shareholders, held on April 24, 2024, approved the omission of dividend payment for the fiscal year ended December 31, 2023.New Risk • Apr 09New 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 6.0% 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 (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).공시 • Mar 09+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024Chayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and adopt the Minutes of the Extraordinary General Meeting of Shareholders No. 1/2023; to acknowledge the Company's operating results of the year 2023; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2023; to consider and approve the allocation of net profit as legal reserve and approve the omission of dividend payment; and to consider other matters.New Risk • Mar 05New 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 6.2% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change).Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.34 (up from ฿0.23 in FY 2022). Revenue: ฿1.53b (up 53% from FY 2022). Net income: ฿391.1m (up 56% from FY 2022). Profit margin: 26% (in line with FY 2022). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. 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 14% per year, which means it is significantly lagging earnings.New Risk • Dec 08New 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 6.1% 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 (currently running at an operating cash loss). High level of non-cash earnings (45% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).Major Estimate Revision • Nov 17Consensus revenue estimates increase by 32%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿1.24b to ฿1.64b. EPS estimate increased from ฿0.265 to ฿0.34 per share. Net income forecast to grow 12% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿10.59 to ฿7.50. Share price was steady at ฿5.50 over the past week.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.066 (vs ฿0.032 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.066 (up from ฿0.032 in 3Q 2022). Revenue: ฿376.4m (up 48% from 3Q 2022). Net income: ฿75.6m (up 110% from 3Q 2022). Profit margin: 20% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 13Price target decreased by 27% to ฿7.50Down from ฿10.29, the current price target is provided by 1 analyst. New target price is 44% above last closing price of ฿5.20. Stock is down 28% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.23 last year.공시 • Sep 28Chayo Group Public Company Limited Approves Interim Cash Dividend, Payable on October 27, 2023Chayo Group Public Company Limited at its EGM held on September 27, 2023 approved to distribute interim cash dividend at the rate of THB 0.00111112 per share, totaling in equivalent to approximately not exceeding THB 1,238,787 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of October 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within October 27, 2023, as the dividend payment date.공시 • Aug 26Chayo Group Public Company Limited Announces Appointment of Kitti Tungsriwong as Acting Chief Financial OfficerChayo Group Public Company Limited announced appointment of Mr. Kitti Tungsriwong as Acting Chief Financial Officer. Effective Date of Appointment: 25 August 2023.공시 • Aug 11+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023Chayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023, at 10:00 Singapore Standard Time. Agenda: To consider and adopt the Minutes of the 2023 Annual General Meeting of Shareholders; to consider and approve the interim dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 3; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the decrease of the Company's registered capital; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the increase of the Company's registered capital; and to transact other business.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.081 (vs ฿0.051 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.081 (up from ฿0.051 in 2Q 2022). Revenue: ฿412.2m (up 83% from 2Q 2022). Net income: ฿91.8m (up 62% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% 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 • Jul 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿7.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 12% over the past three years.New Risk • Jun 27New 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 6.0% 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 (currently running at an operating cash loss). High level of non-cash earnings (48% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿6.45, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 29% over the past three years.공시 • Dec 28Chayo Group Public Company Limited Approves Dividend, Payable on or Before 26 January 2022Chayo Group Public Company Limited at its EGM held on December 27, 2022 approved cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and the dividend payment date will be on or before 26 January 2022.Price Target Changed • Nov 16Price target decreased to ฿15.27Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 87% above last closing price of ฿8.15. Stock is down 33% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.23 last year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Nov 11Chayo Group Public Company Limited Proposes Cash Dividend, Payable Within January 26, 2023The board of directors of Chayo Group Public Company Limited at its meeting held on November 10, 2022, proposed distribute cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within January 26, 2023, as the dividend payment date.Major Estimate Revision • Aug 18Consensus revenue estimates fall by 14%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿1.25b to ฿1.07b. EPS estimate fell from ฿0.49 to ฿0.36 per share. Net income forecast to grow 63% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿18.30 to ฿16.47. Share price was steady at ฿10.70 over the past week.Price Target Changed • Aug 16Price target decreased to ฿16.47Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 52% above last closing price of ฿10.80. Stock is down 0.6% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.23 last year.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.053 (vs ฿0.039 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.053 (up from ฿0.039 in 2Q 2021). Revenue: ฿225.1m (up 44% from 2Q 2021). Net income: ฿56.5m (up 61% from 2Q 2021). Profit margin: 25% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 49%, compared to a 15% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 16First quarter 2022 earnings: Revenues in line with analyst expectationsFirst quarter 2022 results: Revenue: ฿221.8m (up 26% from 1Q 2021). Net income: ฿72.5m (up 13% from 1Q 2021). Profit margin: 33% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 63%, compared to a 16% growth forecast for the industry in Thailand.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Apr 03Price target increased to ฿19.43Up from ฿17.59, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿12.70. Stock is up 17% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.24 last year.Reported Earnings • Feb 27Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: ฿720.4m (up 50% from FY 2020). Net income: ฿219.0m (up 41% from FY 2020). Profit margin: 30% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 19%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿705.0m to ฿688.7m. EPS estimate also fell from ฿0.27 per share to ฿0.24 per share. Net income forecast to grow 49% next year vs 19% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿16.48 to ฿15.95. Share price fell 2.3% to ฿12.60 over the past week.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.074 (vs ฿0.045 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿174.0m (up 44% from 3Q 2020). Net income: ฿70.9m (up 121% from 3Q 2020). Profit margin: 41% (up from 27% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.041 (vs ฿0.066 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿156.3m (up 29% from 2Q 2020). Net income: ฿35.1m (down 30% from 2Q 2020). Profit margin: 22% (down from 41% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿12.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total returns to shareholders of 296% over the past three years.Valuation Update With 7 Day Price Move • May 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿17.60, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 589% over the past three years.Price Target Changed • May 14Price target increased to ฿12.94Up from ฿11.19, the current price target is an average from 2 analysts. New target price is 9.5% below last closing price of ฿14.30. Stock is up 167% over the past year.Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.091 (vs ฿0.049 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿176.4m (up 59% from 1Q 2020). Net income: ฿64.5m (up 74% from 1Q 2020). Profit margin: 37% (up from 33% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿15.70, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 484% over the past three years.Analyst Estimate Surprise Post Earnings • Mar 03Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the Commercial Services industry in Thailand.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.22 (vs ฿0.16 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿479.1m (up 62% from FY 2019). Net income: ฿155.4m (up 39% from FY 2019). Profit margin: 32% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses.공시 • Feb 26Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021, at 03:00 Coordinated Universal Time. Location: Venus meeting room, 3rd Floor, Miracle Grand Convention Hotel, 99 Kamphaeng Phet 6 Road, Talad Bangkhen, Laksi Bangkok Thailand Agenda: To consider For acknowledgement; to acknowledge the Company's operating results of the year 2020; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2020; to consider and approve the allocation of net profit as legal reserve and the dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 2 (CHAYO-W2) to existing shareholders on a pro rata basis to their respective shareholdings (Rights Offering); to consider and approve the amendment of Clause 4 of the memorandum of Association of the Company to be in line with the reduction of the Company's registered capital; and to consider other matter.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿9.50, the stock is trading at a trailing P/E ratio of 50.1x, down from the previous P/E ratio of 59.5x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 60%.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿11.40, the stock is trading at a trailing P/E ratio of 60.1x, up from the previous P/E ratio of 50.8x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 124%.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.35, the stock is trading at a trailing P/E ratio of 49.3x, up from the previous P/E ratio of 42.2x. This compares to an average P/E of 22x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 81%.Is New 90 Day High Low • Jan 15New 90-day high: ฿8.80The company is up 19% from its price of ฿7.40 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.59 per share.Is New 90 Day High Low • Dec 23New 90-day high: ฿8.75The company is up 19% from its price of ฿7.38 on 24 September 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.52 per share.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.048The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿120.6m (up 76% from 3Q 2019). Net income: ฿32.0m (up 3.4% from 3Q 2019). Profit margin: 27% (down from 45% in 3Q 2019). The decrease in margin was driven by higher expenses.Is New 90 Day High Low • Oct 07New 90-day high: ฿8.40The company is up 23% from its price of ฿6.81 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period.주주 수익률CHAYOTH Commercial ServicesTH 시장7D4.4%2.8%-0.4%1Y-37.7%-4.8%31.6%전체 주주 수익률 보기수익률 대 산업: CHAYO은 지난 1년 동안 -4.8%의 수익을 기록한 TH Commercial Services 산업보다 저조한 성과를 냈습니다.수익률 대 시장: CHAYO은 지난 1년 동안 31.6%를 기록한 TH 시장보다 저조한 성과를 냈습니다.주가 변동성Is CHAYO's price volatile compared to industry and market?CHAYO volatilityCHAYO Average Weekly Movement7.6%Commercial Services Industry Average Movement5.6%Market Average Movement4.9%10% most volatile stocks in TH Market10.3%10% least volatile stocks in TH Market2.6%안정적인 주가: CHAYO의 주가는 지난 3개월 동안 TH 시장보다 변동성이 컸습니다.시간에 따른 변동성: CHAYO의 주간 변동성(8%)은 지난 1년 동안 안정적이었지만 TH 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트1997n/aSuksan Yasasinchayo555.com차요 그룹 공공 유한회사는 자회사와 함께 부실 자산에 투자하고 관리합니다. 이 회사는 채권 추심, 부실 자산 매입, 신용 시설 서비스를 제공합니다. 또한 콜센터 및 채용 서비스도 제공합니다.더 보기Chayo Group Public Company Limited 기초 지표 요약Chayo Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?CHAYO 기초 통계시가총액฿1.39b순이익 (TTM)-฿520.55m매출 (TTM)฿2.08b0.7x주가매출비율(P/S)-2.7x주가수익비율(P/E)CHAYO는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표CHAYO 손익계산서 (TTM)매출฿2.08b매출원가฿219.57m총이익฿1.86b기타 비용฿2.38b순이익-฿520.55m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)-0.45총이익률89.46%순이익률-24.99%부채/자본 비율99.3%CHAYO의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당0.1%현재 배당 수익률0.6128%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 08:59종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Chayo Group Public Company Limited는 5명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jitra AmornthumFSS International AdvisoryChayaporn TocharoenKrungsri Securities Public Company LimitedAnuwat SrikajornratkulKrungsri Securities Public Company Limited2명의 분석가 더 보기
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
New Risk • Feb 27New 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 6.4% 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 Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.40b market cap, or US$45.0m).
공시 • Feb 27Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.07 per share.
Major Estimate Revision • Nov 23Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.15b to ฿2.12b. EPS estimate also fell from ฿0.36 per share to ฿0.22 per share. Net income forecast to grow 23% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿2.75 to ฿2.23. Share price was steady at ฿1.34 over the past week.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.09 (vs ฿0.069 in 1Q 2025)First quarter 2026 results: EPS: ฿0.09 (up from ฿0.069 in 1Q 2025). Revenue: ฿470.2m (down 14% from 1Q 2025). Net income: ฿102.8m (up 28% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: ฿0.47 loss per share (down from ฿0.21 profit in FY 2024). Revenue: ฿2.17b (up 6.9% from FY 2024). Net loss: ฿543.2m (down 325% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Asia are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
New Risk • Feb 27New 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 6.4% 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 Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.40b market cap, or US$45.0m).
공시 • Feb 27Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026Chayo Group Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.07 per share.
Major Estimate Revision • Nov 23Consensus EPS estimates fall by 39%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.15b to ฿2.12b. EPS estimate also fell from ฿0.36 per share to ฿0.22 per share. Net income forecast to grow 23% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿2.75 to ฿2.23. Share price was steady at ฿1.34 over the past week.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.024 (vs ฿0.086 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.024 (down from ฿0.086 in 3Q 2024). Revenue: ฿585.6m (up 11% from 3Q 2024). Net income: ฿28.3m (down 72% from 3Q 2024). Profit margin: 4.8% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 17Price target decreased by 14% to ฿2.75Down from ฿3.21, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ฿1.92. Stock is down 27% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.21 last year.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.082 (vs ฿0.067 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.082 (up from ฿0.067 in 2Q 2024). Revenue: ฿529.2m (up 10% from 2Q 2024). Net income: ฿94.6m (up 23% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
New Risk • Aug 15New 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 9.7% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Market cap is less than US$100m (฿1.71b market cap, or US$52.9m).
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ฿1.92, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total loss to shareholders of 80% over the past three years.
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.45, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿0.74 per share.
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿1.91, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Commercial Services industry in Asia. Total loss to shareholders of 84% over the past three years.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.003 in 1Q 2024)First quarter 2025 results: EPS: ฿0.07 (up from ฿0.003 in 1Q 2024). Revenue: ฿548.6m (up 11% from 1Q 2024). Net income: ฿80.2m (up ฿77.0m from 1Q 2024). Profit margin: 15% (up from 0.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
공시 • Apr 24Chayo Group Public Company Limited Approves Cash Dividend for the Fiscal Year Ended 2024 , Payable on May 22, 2025Chayo Group Public Company Limited at its General Meeting of Shareholders, held on April 23, 2025, approved to distribute common stock dividend from the Company's operating results for the fiscal year ended 2024 from unallocated retained earnings as the newly issued ordinary shares of the Company to the existing shareholders of the Company at the rate of 40 existing shares per 1 ordinary share, with the total number of shares not exceeding 31,272,566 shares at a par value of THB 0.50, totaling not exceeding THB 15,636,283, representing stock dividend at the rate of 0.0125000 per share. Where the shareholder has share fraction derived from the allocation of stock dividend, the Company will pay such shareholder for the fraction in cash at the rate of THB 0.0125000 per share, and to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and within May 22, 2025, as the dividend payment date.
공시 • Mar 13Chayo Group Public Company Limited announces Annual dividend, payable on May 22, 2025Chayo Group Public Company Limited announced Annual dividend of THB 0.0014 per share payable on May 22, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.
공시 • Mar 12+ 1 more updateChayo Group Public Company Limited Proposes Cash Dividend for Fiscal Year Ended December 31, 2024, Payable on May 23, 2025Chayo Group Public Company Limited at its board meeting held on March 11, 2025, approved to propose cash dividend for fiscal year ended December 31, 2024. For the period, the company proposes to distribute cash dividend at the rate of THB 0.0013889 per share, totaling in equivalent to approximately not exceeding THB 1,737,379 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50(2)(Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of May 6, 2025, as the date for determining the shareholders' right to receive the dividend (Record Date) and May 23, 2025, as the dividend payment date. However, the right to receive dividend is subject to the approval by the 2025 Annual General Meeting of Shareholders to be held on April 23, 2025.
Reported Earnings • Feb 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ฿0.21 (down from ฿0.34 in FY 2023). Revenue: ฿2.03b (up 33% from FY 2023). Net income: ฿241.2m (down 38% from FY 2023). Profit margin: 12% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
New Risk • Feb 27New 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 6.7% 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 Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿2.62b market cap, or US$77.1m).
New Risk • Nov 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.41b (US$99.1m) 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 Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (฿3.41b market cap, or US$99.1m).
Major Estimate Revision • Nov 19Consensus EPS estimates fall by 18%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.74b to ฿1.83b. EPS estimate fell from ฿0.317 to ฿0.26 per share. Net income forecast to grow 39% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target of ฿3.97 unchanged from last update. Share price was steady at ฿3.14 over the past week.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: ฿0.088 (vs ฿0.066 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.088 (up from ฿0.066 in 3Q 2023). Revenue: ฿526.4m (up 40% from 3Q 2023). Net income: ฿100.5m (up 33% from 3Q 2023). Profit margin: 19% (down from 20% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿4.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 62% over the past three years.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿3.22, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿1.38 per share.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.067 (vs ฿0.081 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.067 (down from ฿0.081 in 2Q 2023). Revenue: ฿479.2m (up 44% from 2Q 2023). Net income: ฿76.8m (down 16% from 2Q 2023). Profit margin: 16% (down from 28% in 2Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.
New Risk • Aug 05New 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 7.3% 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 Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿2.71b market cap, or US$76.8m).
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿2.74, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total loss to shareholders of 77% over the past three years.
New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.46b (US$96.1m) 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 Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (฿3.46b market cap, or US$96.1m).
New Risk • Jun 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 25% 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin).
Upcoming Dividend • May 23Upcoming dividend of ฿0.035 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 0.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (1.7%).
Major Estimate Revision • May 15Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿1.62b to ฿1.72b. EPS estimate fell from ฿0.36 to ฿0.315 per share. Net income forecast to shrink 10% next year vs 20% growth forecast for Commercial Services industry in Thailand . Consensus price target down from ฿6.75 to ฿5.85. Share price fell 6.0% to ฿4.04 over the past week.
공시 • May 11Chayo Group Public Company Limited Announces Cash Dividend, Payable on June 10, 2024Chayo Group Public Company Limited announced cash dividend of THB 0.035 per share, payable on June 10, 2024 with Record date for the right to receive dividends of June 4, 2024 and Ex-dividend date of May 31, 2024.
공시 • Apr 26Chayo Group Public Company Limited Approves the Omission of Dividend Payment for the Fiscal Year Ended December 31, 2023Chayo Group Public Company Limited at its 2024 Annual General Meeting of Shareholders, held on April 24, 2024, approved the omission of dividend payment for the fiscal year ended December 31, 2023.
New Risk • Apr 09New 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 6.0% 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 (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
공시 • Mar 09+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024Chayo Group Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and adopt the Minutes of the Extraordinary General Meeting of Shareholders No. 1/2023; to acknowledge the Company's operating results of the year 2023; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2023; to consider and approve the allocation of net profit as legal reserve and approve the omission of dividend payment; and to consider other matters.
New Risk • Mar 05New 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 6.2% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change).
Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.34 (up from ฿0.23 in FY 2022). Revenue: ฿1.53b (up 53% from FY 2022). Net income: ฿391.1m (up 56% from FY 2022). Profit margin: 26% (in line with FY 2022). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. 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 14% per year, which means it is significantly lagging earnings.
New Risk • Dec 08New 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 6.1% 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 (currently running at an operating cash loss). High level of non-cash earnings (45% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).
Major Estimate Revision • Nov 17Consensus revenue estimates increase by 32%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿1.24b to ฿1.64b. EPS estimate increased from ฿0.265 to ฿0.34 per share. Net income forecast to grow 12% next year vs 22% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿10.59 to ฿7.50. Share price was steady at ฿5.50 over the past week.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.066 (vs ฿0.032 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.066 (up from ฿0.032 in 3Q 2022). Revenue: ฿376.4m (up 48% from 3Q 2022). Net income: ฿75.6m (up 110% from 3Q 2022). Profit margin: 20% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 13Price target decreased by 27% to ฿7.50Down from ฿10.29, the current price target is provided by 1 analyst. New target price is 44% above last closing price of ฿5.20. Stock is down 28% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.23 last year.
공시 • Sep 28Chayo Group Public Company Limited Approves Interim Cash Dividend, Payable on October 27, 2023Chayo Group Public Company Limited at its EGM held on September 27, 2023 approved to distribute interim cash dividend at the rate of THB 0.00111112 per share, totaling in equivalent to approximately not exceeding THB 1,238,787 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of October 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within October 27, 2023, as the dividend payment date.
공시 • Aug 26Chayo Group Public Company Limited Announces Appointment of Kitti Tungsriwong as Acting Chief Financial OfficerChayo Group Public Company Limited announced appointment of Mr. Kitti Tungsriwong as Acting Chief Financial Officer. Effective Date of Appointment: 25 August 2023.
공시 • Aug 11+ 1 more updateChayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023Chayo Group Public Company Limited, Annual General Meeting, Sep 27, 2023, at 10:00 Singapore Standard Time. Agenda: To consider and adopt the Minutes of the 2023 Annual General Meeting of Shareholders; to consider and approve the interim dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 3; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the decrease of the Company's registered capital; to consider and approve the amendment of Clause 4. of the Memorandum of Association of the Company to be in line with the increase of the Company's registered capital; and to transact other business.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.081 (vs ฿0.051 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.081 (up from ฿0.051 in 2Q 2022). Revenue: ฿412.2m (up 83% from 2Q 2022). Net income: ฿91.8m (up 62% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% 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 • Jul 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿7.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 12% over the past three years.
New Risk • Jun 27New 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 6.0% 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 (currently running at an operating cash loss). High level of non-cash earnings (48% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿6.45, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 29% over the past three years.
공시 • Dec 28Chayo Group Public Company Limited Approves Dividend, Payable on or Before 26 January 2022Chayo Group Public Company Limited at its EGM held on December 27, 2022 approved cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and the dividend payment date will be on or before 26 January 2022.
Price Target Changed • Nov 16Price target decreased to ฿15.27Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 87% above last closing price of ฿8.15. Stock is down 33% over the past year. The company is forecast to post earnings per share of ฿0.22 for next year compared to ฿0.23 last year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Nov 11Chayo Group Public Company Limited Proposes Cash Dividend, Payable Within January 26, 2023The board of directors of Chayo Group Public Company Limited at its meeting held on November 10, 2022, proposed distribute cash dividend at the rate of THB 0.0013890 per share, totaling in equivalent to approximately not exceeding THB 1,795,422 (to accommodate for 10% withholding tax of assessable income pursuant to Article 50 (2) (Jor) of Thailand Revenue Code for the dividend's receiver). In this regard, the Company has set the date of January 10, 2023, as the date for determining the shareholders' right to receive the dividend (Record Date) and within January 26, 2023, as the dividend payment date.
Major Estimate Revision • Aug 18Consensus revenue estimates fall by 14%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ฿1.25b to ฿1.07b. EPS estimate fell from ฿0.49 to ฿0.36 per share. Net income forecast to grow 63% next year vs 21% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿18.30 to ฿16.47. Share price was steady at ฿10.70 over the past week.
Price Target Changed • Aug 16Price target decreased to ฿16.47Down from ฿18.30, the current price target is an average from 3 analysts. New target price is 52% above last closing price of ฿10.80. Stock is down 0.6% over the past year. The company is forecast to post earnings per share of ฿0.36 for next year compared to ฿0.23 last year.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.053 (vs ฿0.039 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.053 (up from ฿0.039 in 2Q 2021). Revenue: ฿225.1m (up 44% from 2Q 2021). Net income: ฿56.5m (up 61% from 2Q 2021). Profit margin: 25% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 49%, compared to a 15% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 16First quarter 2022 earnings: Revenues in line with analyst expectationsFirst quarter 2022 results: Revenue: ฿221.8m (up 26% from 1Q 2021). Net income: ฿72.5m (up 13% from 1Q 2021). Profit margin: 33% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 63%, compared to a 16% growth forecast for the industry in Thailand.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Arnon Jarrayapun was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Apr 03Price target increased to ฿19.43Up from ฿17.59, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿12.70. Stock is up 17% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.24 last year.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: ฿720.4m (up 50% from FY 2020). Net income: ฿219.0m (up 41% from FY 2020). Profit margin: 30% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 19%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿705.0m to ฿688.7m. EPS estimate also fell from ฿0.27 per share to ฿0.24 per share. Net income forecast to grow 49% next year vs 19% growth forecast for Commercial Services industry in Thailand. Consensus price target down from ฿16.48 to ฿15.95. Share price fell 2.3% to ฿12.60 over the past week.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.074 (vs ฿0.045 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿174.0m (up 44% from 3Q 2020). Net income: ฿70.9m (up 121% from 3Q 2020). Profit margin: 41% (up from 27% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.041 (vs ฿0.066 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿156.3m (up 29% from 2Q 2020). Net income: ฿35.1m (down 30% from 2Q 2020). Profit margin: 22% (down from 41% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿12.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 16x in the Commercial Services industry in Asia. Total returns to shareholders of 296% over the past three years.
Valuation Update With 7 Day Price Move • May 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿17.60, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 589% over the past three years.
Price Target Changed • May 14Price target increased to ฿12.94Up from ฿11.19, the current price target is an average from 2 analysts. New target price is 9.5% below last closing price of ฿14.30. Stock is up 167% over the past year.
Reported Earnings • May 13First quarter 2021 earnings released: EPS ฿0.091 (vs ฿0.049 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿176.4m (up 59% from 1Q 2020). Net income: ฿64.5m (up 74% from 1Q 2020). Profit margin: 37% (up from 33% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿15.70, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 484% over the past three years.
Analyst Estimate Surprise Post Earnings • Mar 03Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the Commercial Services industry in Thailand.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.22 (vs ฿0.16 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿479.1m (up 62% from FY 2019). Net income: ฿155.4m (up 39% from FY 2019). Profit margin: 32% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses.
공시 • Feb 26Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021Chayo Group Public Company Limited, Annual General Meeting, Apr 27, 2021, at 03:00 Coordinated Universal Time. Location: Venus meeting room, 3rd Floor, Miracle Grand Convention Hotel, 99 Kamphaeng Phet 6 Road, Talad Bangkhen, Laksi Bangkok Thailand Agenda: To consider For acknowledgement; to acknowledge the Company's operating results of the year 2020; to consider and approve the financial statements of the Company for the fiscal year ended December 31, 2020; to consider and approve the allocation of net profit as legal reserve and the dividend payment; to consider and approve the issuance and allocation of warrants to purchase the newly issued ordinary shares of Chayo Group Public Company Limited No. 2 (CHAYO-W2) to existing shareholders on a pro rata basis to their respective shareholdings (Rights Offering); to consider and approve the amendment of Clause 4 of the memorandum of Association of the Company to be in line with the reduction of the Company's registered capital; and to consider other matter.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿9.50, the stock is trading at a trailing P/E ratio of 50.1x, down from the previous P/E ratio of 59.5x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 60%.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿11.40, the stock is trading at a trailing P/E ratio of 60.1x, up from the previous P/E ratio of 50.8x. This compares to an average P/E of 21x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 124%.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.35, the stock is trading at a trailing P/E ratio of 49.3x, up from the previous P/E ratio of 42.2x. This compares to an average P/E of 22x in the Commercial Services industry in Thailand. Total returns to shareholders over the past year are 81%.
Is New 90 Day High Low • Jan 15New 90-day high: ฿8.80The company is up 19% from its price of ฿7.40 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.59 per share.
Is New 90 Day High Low • Dec 23New 90-day high: ฿8.75The company is up 19% from its price of ฿7.38 on 24 September 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.52 per share.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.048The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿120.6m (up 76% from 3Q 2019). Net income: ฿32.0m (up 3.4% from 3Q 2019). Profit margin: 27% (down from 45% in 3Q 2019). The decrease in margin was driven by higher expenses.
Is New 90 Day High Low • Oct 07New 90-day high: ฿8.40The company is up 23% from its price of ฿6.81 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period.
