Union Auction (AUCT) 주식 개요유니온 옥션 공사는 태국에서 자산 경매 서비스를 제공합니다. 자세히 보기AUCT 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적2/6재무 건전성4/6배당3/6강점공정 가치 추정치보다 낮은 0.2% 에서 거래위험 분석8.86%의 배당금은 수익이나 자유현금흐름으로 잘 충당되지 않습니다.지난 5년간 매년 수익이 0.5% 감소했습니다.의미 있는 시가총액이 없습니다(THB2B)모든 위험 점검 보기AUCT Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW466,074 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA466,074 investors already sharing narrativesYour Fair Value฿Current Price฿4.1214.4% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture01b2016201920222025202620282031Revenue ฿1.2bEarnings ฿187.1mAdvancedSet Fair ValueView all narrativesUnion Auction Public Company Limited 경쟁사Laundry YouSymbol: SET:WASHMarket cap: ฿1.3bSiam Wellness GroupSymbol: SET:SPAMarket cap: ฿3.9bOnsen Retreat and Spa GroupSymbol: SET:ONSENSMarket cap: ฿312.0mBound and BeyondSymbol: SET:BEYONDMarket cap: ฿2.2b가격 이력 및 성과Union Auction 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가฿4.1252주 최고가฿7.8552주 최저가฿3.76베타-0.131개월 변동-7.62%3개월 변동-1.44%1년 변동-35.12%3년 변동-61.85%5년 변동-56.40%IPO 이후 변동43.06%최근 뉴스 및 업데이트Declared Dividend • Aug 10First half dividend of ฿0.073 announcedShareholders will receive a dividend of ฿0.073. Ex-date: 20th August 2026 Payment date: 4th September 2026 Dividend yield will be 6.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 14% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.8% EPS decline seen over the last 5 years.New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Market cap is less than US$100m (฿2.43b market cap, or US$73.8m).Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.10 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (down from ฿0.10 in 1Q 2025). Revenue: ฿228.5m (down 14% from 1Q 2025). Net income: ฿34.8m (down 36% from 1Q 2025). Profit margin: 15% (down from 21% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Apr 03Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 30 April 2026. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.7%).Buy Or Sell Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to ฿5.40. The fair value is estimated to be ฿6.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.1%. Revenue is forecast to grow by 9.8% in a year. Earnings are forecast to grow by 24% in the next year.Declared Dividend • Feb 16Final dividend of ฿0.20 announcedShareholders will receive a dividend of ฿0.20. Ex-date: 10th April 2026 Payment date: 30th April 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (158% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.더 많은 업데이트 보기Recent updatesDeclared Dividend • Aug 10First half dividend of ฿0.073 announcedShareholders will receive a dividend of ฿0.073. Ex-date: 20th August 2026 Payment date: 4th September 2026 Dividend yield will be 6.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 14% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.8% EPS decline seen over the last 5 years.New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Market cap is less than US$100m (฿2.43b market cap, or US$73.8m).Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.10 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (down from ฿0.10 in 1Q 2025). Revenue: ฿228.5m (down 14% from 1Q 2025). Net income: ฿34.8m (down 36% from 1Q 2025). Profit margin: 15% (down from 21% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Apr 03Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 30 April 2026. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.7%).Buy Or Sell Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to ฿5.40. The fair value is estimated to be ฿6.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.1%. Revenue is forecast to grow by 9.8% in a year. Earnings are forecast to grow by 24% in the next year.Declared Dividend • Feb 16Final dividend of ฿0.20 announcedShareholders will receive a dividend of ฿0.20. Ex-date: 10th April 2026 Payment date: 30th April 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (158% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.공고 • Feb 14Union Auction Public Company Limited Proposes Cash Dividend for the Period from July 1, 2025 to December 31, 2025, Payable on April 30, 2026Union Auction Public Company Limited at its AGM to be held on April 3, 2026, proposed cash dividend of THB 0.205 per share for the period from July 1, 2025 to December 31, 2025. Date of Board resolution is February 13, 2026. Record date for the right to receive dividends is April 16, 2026, Ex-dividend date is April 10, 2026. Payment date is April 30, 2026.공고 • Feb 13Union Auction Public Company Limited, Annual General Meeting, Apr 03, 2026Union Auction Public Company Limited, Annual General Meeting, Apr 03, 2026, at 10:00 SE Asia Standard Time.New Risk • Nov 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 30% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by earnings (148% payout ratio). Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (฿3.11b market cap, or US$95.8m).Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.27 (vs ฿0.17 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.27. Revenue: ฿253.9m (down 23% from 3Q 2024). Net income: ฿51.2m (down 45% from 3Q 2024). Profit margin: 20% (down from 28% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Services industry in Asia.New Risk • Oct 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.19b (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (99% payout ratio). Market cap is less than US$100m (฿3.19b market cap, or US$97.3m).New Risk • Oct 02New 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 3.9% 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 Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (99% payout ratio). Share price has been volatile over the past 3 months (3.9% average weekly change).Valuation Update With 7 Day Price Move • Oct 02Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ฿7.85, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total loss to shareholders of 5.3% over the past three years.Declared Dividend • Aug 10First half dividend of ฿0.16 announcedShareholders will receive a dividend of ฿0.16. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 7.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio) nor is it covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. However, EPS is expected to decline by 2.8% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.08 (vs ฿0.15 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.08 (down from ฿0.15 in 2Q 2024). Revenue: ฿262.5m (down 15% from 2Q 2024). Net income: ฿44.5m (down 47% from 2Q 2024). Profit margin: 17% (down from 27% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Consumer Services industry in Asia are expected to grow by 9.6%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jun 20Now 20% overvaluedOver the last 90 days, the stock has fallen 26% to ฿5.55. The fair value is estimated to be ฿4.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to decline by 7.1% in a year. Earnings are forecast to decline by 18% in the next year.Buy Or Sell Opportunity • Jun 04Now 20% overvaluedOver the last 90 days, the stock has fallen 27% to ฿5.50. The fair value is estimated to be ฿4.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to decline by 7.1% in a year. Earnings are forecast to decline by 18% in the next year.New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.19b (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 157% Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿3.19b market cap, or US$97.4m).Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿6.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total loss to shareholders of 13% over the past three years.New Risk • May 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 157% Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future.Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.22 in 1Q 2024)First quarter 2025 results: EPS: ฿0.10 (down from ฿0.22 in 1Q 2024). Revenue: ฿266.4m (down 23% from 1Q 2024). Net income: ฿54.7m (down 54% from 1Q 2024). Profit margin: 21% (down from 35% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.New Risk • Apr 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 128% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future.Upcoming Dividend • Apr 04Upcoming dividend of ฿0.32 per shareEligible shareholders must have bought the stock before 11 April 2025. Payment date: 02 May 2025. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 9.0%. Within top quartile of Thai dividend payers (7.7%). Higher than average of industry peers (4.6%).Price Target Changed • Mar 19Price target decreased by 13% to ฿11.07Down from ฿12.67, the current price target is an average from 3 analysts. New target price is 50% above last closing price of ฿7.40. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.66 for next year compared to ฿0.68 last year.Declared Dividend • Feb 17Final dividend of ฿0.32 announcedShareholders will receive a dividend of ฿0.32. Ex-date: 11th April 2025 Payment date: 2nd May 2025 Dividend yield will be 8.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 1.2% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿0.68 (vs ฿0.63 in FY 2023)Full year 2024 results: EPS: ฿0.68 (up from ฿0.63 in FY 2023). Revenue: ฿1.30b (up 5.1% from FY 2023). Net income: ฿371.3m (up 6.7% from FY 2023). Profit margin: 28% (in line with FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공고 • Feb 14Union Auction Public Company Limited, Annual General Meeting, Apr 04, 2025Union Auction Public Company Limited, Annual General Meeting, Apr 04, 2025, at 10:00 SE Asia Standard Time.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.17 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.17 (down from ฿0.17 in 3Q 2023). Revenue: ฿328.0m (flat on 3Q 2023). Net income: ฿93.0m (flat on 3Q 2023). Profit margin: 28% (in line with 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 14% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.New Risk • Sep 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (102% payout ratio).Declared Dividend • Aug 11First half dividend increased to ฿0.35Dividend of ฿0.35 is 35% higher than last year. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.8% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.15 (up from ฿0.12 in 2Q 2023). Revenue: ฿308.5m (up 14% from 2Q 2023). Net income: ฿83.4m (up 28% from 2Q 2023). Profit margin: 27% (up from 24% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공고 • Aug 10Union Auction Public Company Limited Announces Interim Cash Dividend Payment for the Operating Period from 01 January 2024 to 30 June 2024, Payable on 06 September 2024Union Auction Public Company Limited announced Interim Cash dividend payment of THB 0.35 per share for the Operating period from 01 January 2024 to 30 June 2024. Payment date is 06 September 2024. Record date for the right to receive dividends is 23 August 2024. Ex-dividend date is 22 August 2024. Date of Board resolution is 9 August 2024.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿9.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.05 per share.공고 • Apr 05+ 1 more updateUnion Auction Public Company Limited Approves Management AppointmentsUnion Auction Public Company Limited at its Annual General Meeting of Shareholders held on 5 April 2024, approved the appointment of two additional directors, namely Mr. Somyod Suteerapornchai as Independent Director and Member of the Corporate Governance and Risk Management Committee, and Mr. Sutee Samathi as Director.Upcoming Dividend • Apr 04Upcoming dividend of ฿0.37 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 03 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (3.8%).공고 • Mar 21Union Auction Public Company Limited Appoints Sutee Samathi as Member of the Executive and Sustainable Development Committee and Managing Director, Effective from 16 February 2024Union Auction Public Company Limited at its board meeting held on 16 February 2024, approved to appoint Mr. Sutee Samathi as member of the Executive and Sustainable Development Committee and Managing Director, effective from 16 February 2024 onward.Reported Earnings • Feb 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.63 (up from ฿0.46 in FY 2022). Revenue: ฿1.24b (up 30% from FY 2022). Net income: ฿347.9m (up 39% from FY 2022). Profit margin: 28% (up from 26% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer 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 fallen by 1% per year, which means it is significantly lagging earnings.공고 • Feb 17Union Auction Public Company Limited, Annual General Meeting, Apr 05, 2024Union Auction Public Company Limited, Annual General Meeting, Apr 05, 2024, at 10:00 SE Asia Standard Time. Agenda: To acknowledge the operating results of the Company for the year 2023; to consider and approve the financial statements for the fiscal year ended 31 December 2023; to consider and approve the appropriation of profit for statutory reserve and dividend payment for the 2023 operating results; to consider and approve the appointment of 2 additional directors; to consider and approve the appointment of the auditors and the remuneration of the auditors for the year 2024; and to consider other matters.공고 • Feb 16+ 1 more updateUnion Auction Public Company Limited Announces Board ChangesThe Board of Directors' Meeting of Union Auction Public Company Limited held on 16 February 2024 has passed significant resolutions which can be summarized as follows: Approved to appoint Mr. Suvit Yoadjarust as Vice Chairman, effective from 16 February 2024 onward. After the appointment, there will be 3 Vice Chairmen, namely: Assoc. Prof. Dr. Sauwanee Thairungroj,Mr. Thepthai Sila, and Mr. Suvit Yoadjarust. The level is not specified. Approved to appoint Mr. Sutee Samathi as member of the Executive and Sustainable Development Committee and Managing Director, effective from 16 February 2024 onward.공고 • Jan 31Union Auction Public Company Limited Announces Resignation of Suvit Yoadjarust as Chairman of the Executive and Sustainable Development CommitteeUnion Auction Public Company Limited informed that Mr. Suvit Yoadjarust, Director and Chairman of the Executive and Sustainable Development Committee, has informed to resign from the position of Chairman of the Executive and Sustainable Development Committee but shall remain the position as a Director having effective on 1 February 2024 onward.Price Target Changed • Oct 25Price target increased by 9.8% to ฿13.10Up from ฿11.93, the current price target is an average from 3 analysts. New target price is 34% above last closing price of ฿9.80. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.46 last year.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.26 per share at 4.5% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (4.0%).Reported Earnings • Aug 12Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ฿270.7m (up 33% from 2Q 2022). Net income: ฿65.2m (up 46% from 2Q 2022). Profit margin: 24% (up from 22% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Services industry in Asia.공고 • Aug 12Union Auction Public Company Limited Approves the Interim Cash Dividend Payment for the Operating Results from January 01, 2023 to June 30, 2023, Payable on September 08, 2023The Board of the Directors' Meeting of the Union Auction Public Company Limited held on August 11, 2023 has approved the interim cash dividend payment for the operating results from January 01, 2023 to June 30, 2023 at the rate of THB 0.15 per share. The date on which the recorded shareholders are entitled to receive the dividend (Record Date) was determined to be on August 25, 2023. Ex-dividend on August 24, 2023. The dividend payment will be made on September 08, 2023.Major Estimate Revision • Jun 15Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿1.08b to ฿1.11b. EPS estimate increased from ฿0.52 to ฿0.58 per share. Net income forecast to grow 7.5% next year vs 25% growth forecast for Consumer Services industry in Thailand. Consensus price target up from ฿12.05 to ฿12.65. Share price was steady at ฿10.70 over the past week.Price Target Changed • Jun 14Price target increased by 12% to ฿12.65Up from ฿11.30, the current price target is an average from 2 analysts. New target price is 18% above last closing price of ฿10.70. Stock is up 33% over the past year. The company is forecast to post earnings per share of ฿0.58 for next year compared to ฿0.46 last year.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.17 (vs ฿0.082 in 1Q 2022)First quarter 2023 results: EPS: ฿0.17 (up from ฿0.082 in 1Q 2022). Revenue: ฿308.4m (up 48% from 1Q 2022). Net income: ฿95.7m (up 112% from 1Q 2022). Profit margin: 31% (up from 22% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 20Upcoming dividend of ฿0.30 per share at 4.9% yieldEligible shareholders must have bought the stock before 27 April 2023. Payment date: 19 May 2023. Payout ratio and cash payout ratio are on the higher end at 99% and 94% respectively. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (3.6%).Price Target Changed • Nov 16Price target decreased to ฿10.50Down from ฿11.30, the current price target is an average from 2 analysts. New target price is 8.8% above last closing price of ฿9.65. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of ฿0.46 for next year compared to ฿0.46 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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Theerathon Tharachai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Aug 17Now 20% undervaluedOver the last 90 days, the stock is up 5.9%. The fair value is estimated to be ฿11.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 9.5% in a year. Earnings is forecast to grow by 18% in the next year.Price Target Changed • Aug 16Price target decreased to ฿10.50Down from ฿11.30, the current price target is an average from 2 analysts. New target price is 17% above last closing price of ฿9.00. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of ฿0.46 for next year compared to ฿0.46 last year.Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.083 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.08 (down from ฿0.083 in 2Q 2021). Revenue: ฿204.2m (up 1.0% from 2Q 2021). Net income: ฿44.7m (down 1.8% from 2Q 2021). Profit margin: 22% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.2%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year.Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿8.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 26% over the past three years.Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿8.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 26% over the past three years.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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Theerathon Tharachai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Apr 12Upcoming dividend of ฿0.28 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 06 May 2022. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.6%).Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ฿0.46 (up from ฿0.41 in FY 2020). Revenue: ฿901.7m (up 3.8% from FY 2020). Net income: ฿256.1m (up 12% from FY 2020). Profit margin: 28% (up from 26% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 11%, compared to a 22% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 16Price target decreased to ฿11.90Down from ฿12.97, the current price target is provided by 1 analyst. New target price is 20% above last closing price of ฿9.95. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of ฿0.46 for next year compared to ฿0.41 last year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.073 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿221.0m (up 15% from 3Q 2020). Net income: ฿60.1m (up 51% from 3Q 2020). Profit margin: 27% (up from 21% 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 12% per year whereas the company’s share price has increased by 15% per year.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (2.6%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.083 (vs ฿0.13 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿202.1m (down 11% from 2Q 2020). Net income: ฿45.5m (down 36% from 2Q 2020). Profit margin: 23% (down from 31% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.094 in 1Q 2020)The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ฿237.1m (flat on 1Q 2020). Net income: ฿69.0m (up 33% from 1Q 2020). Profit margin: 29% (up from 22% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year.Upcoming Dividend • Apr 13Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 20 April 2021. Payment date: 07 May 2021. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.8%).Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.41 (vs ฿0.43 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿869.1m (up 8.2% from FY 2019). Net income: ฿228.0m (down 2.7% from FY 2019). Profit margin: 26% (down from 29% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year.Analyst Estimate Surprise Post Earnings • Feb 27Revenue and earnings miss expectationsRevenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 25%, compared to a 41% growth forecast for the Consumer Services industry in Thailand.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿11.70, the stock is trading at a trailing P/E ratio of 27.2x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 20x in the Consumer Services industry in Asia. Total returns to shareholders over the past three years are 143%.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿11.10, the stock is trading at a trailing P/E ratio of 25.8x, up from the previous P/E ratio of 21.8x. This compares to an average P/E of 20x in the Consumer Services industry in Asia. Total returns to shareholders over the past three years are 123%.Is New 90 Day High Low • Dec 14New 90-day low: ฿9.55The company is down 29% from its price of ฿13.50 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 2.0% over the same period.Analyst Estimate Surprise Post Earnings • Nov 19Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.3%. Earnings per share (EPS) missed analyst estimates by 42%.Reported Earnings • Nov 19Third quarter 2020 earnings released: EPS ฿0.073The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿192.1m (down 4.2% from 3Q 2019). Net income: ฿39.9m (down 31% from 3Q 2019). Profit margin: 21% (down from 29% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Nov 17New 90-day low: ฿10.00The company is down 7.0% from its price of ฿10.80 on 19 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is flat over the same period.Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿192.9m (down 3.8% from 3Q 2019). Net income: ฿39.9m (down 31% from 3Q 2019). Profit margin: 21% (down from 29% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Nov 16Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.3%. Earnings per share (EPS) missed analyst estimates by 42%.Is New 90 Day High Low • Sep 23New 90-day high: ฿14.90The company is up 87% from its price of ฿7.95 on 25 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period.주주 수익률AUCTTH Consumer ServicesTH 시장7D-1.9%-0.2%0.3%1Y-35.1%-15.3%28.4%전체 주주 수익률 보기수익률 대 산업: AUCT은 지난 1년 동안 -15.3%의 수익을 기록한 TH Consumer Services 산업보다 저조한 성과를 냈습니다.수익률 대 시장: AUCT은 지난 1년 동안 28.4%를 기록한 TH 시장보다 저조한 성과를 냈습니다.주가 변동성Is AUCT's price volatile compared to industry and market?AUCT volatilityAUCT Average Weekly Movement4.1%Consumer Services Industry Average Movement4.1%Market Average Movement4.1%10% most volatile stocks in TH Market10.1%10% least volatile stocks in TH Market1.9%안정적인 주가: AUCT는 지난 3개월 동안 TH 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: AUCT의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1991n/aVarunyoo Silawww.auct.co.th유니온 옥션 퍼블릭 컴퍼니 리미티드는 태국에서 자산 경매 서비스를 제공합니다. 이 회사는 경매와 운송 및 기타 서비스 부문을 통해 운영됩니다. 이 회사는 자동차, 오토바이 및 기타 유형의 자산에 대한 경매 서비스를 제공합니다.더 보기Union Auction Public Company Limited 기초 지표 요약Union Auction의 순이익과 매출은 시가총액과 어떻게 비교됩니까?AUCT 기초 통계시가총액฿2.27b순이익 (TTM)฿146.42m매출 (TTM)฿907.27m15.5x주가수익비율(P/E)2.5x주가매출비율(P/S)AUCT는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표AUCT 손익계산서 (TTM)매출฿907.27m매출원가฿522.48m총이익฿384.79m기타 비용฿238.36m순이익฿146.42m최근 보고된 실적Jun 30, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.27총이익률42.41%순이익률16.14%부채/자본 비율1.4%AUCT의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당8.9%현재 배당 수익률104%배당 성향AUCT는 안정적으로 배당을 지급합니까?AUCT 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 AUCT를 매수해야 하나요?Union Auction 배당 일정배당락일Aug 20 2026배당 지급일Sep 04 2026배당락일까지 남은 일수3 days배당 지급일까지 남은 일수12 daysAUCT는 안정적으로 배당을 지급합니까?AUCT 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/22 03:12종가2026/08/21 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Union Auction Public Company Limited는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Usanee LiurutAsia Plus Securities Company LimitedSalakbun WongakaradethGloblex Securities Co. Ltd.
Declared Dividend • Aug 10First half dividend of ฿0.073 announcedShareholders will receive a dividend of ฿0.073. Ex-date: 20th August 2026 Payment date: 4th September 2026 Dividend yield will be 6.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 14% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.8% EPS decline seen over the last 5 years.
New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Market cap is less than US$100m (฿2.43b market cap, or US$73.8m).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.10 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (down from ฿0.10 in 1Q 2025). Revenue: ฿228.5m (down 14% from 1Q 2025). Net income: ฿34.8m (down 36% from 1Q 2025). Profit margin: 15% (down from 21% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Apr 03Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 30 April 2026. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.7%).
Buy Or Sell Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to ฿5.40. The fair value is estimated to be ฿6.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.1%. Revenue is forecast to grow by 9.8% in a year. Earnings are forecast to grow by 24% in the next year.
Declared Dividend • Feb 16Final dividend of ฿0.20 announcedShareholders will receive a dividend of ฿0.20. Ex-date: 10th April 2026 Payment date: 30th April 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (158% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Declared Dividend • Aug 10First half dividend of ฿0.073 announcedShareholders will receive a dividend of ฿0.073. Ex-date: 20th August 2026 Payment date: 4th September 2026 Dividend yield will be 6.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 14% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.8% EPS decline seen over the last 5 years.
New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Market cap is less than US$100m (฿2.43b market cap, or US$73.8m).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.10 in 1Q 2025)First quarter 2026 results: EPS: ฿0.06 (down from ฿0.10 in 1Q 2025). Revenue: ฿228.5m (down 14% from 1Q 2025). Net income: ฿34.8m (down 36% from 1Q 2025). Profit margin: 15% (down from 21% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Apr 03Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 30 April 2026. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.7%).
Buy Or Sell Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to ฿5.40. The fair value is estimated to be ฿6.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.1%. Revenue is forecast to grow by 9.8% in a year. Earnings are forecast to grow by 24% in the next year.
Declared Dividend • Feb 16Final dividend of ฿0.20 announcedShareholders will receive a dividend of ฿0.20. Ex-date: 10th April 2026 Payment date: 30th April 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (158% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공고 • Feb 14Union Auction Public Company Limited Proposes Cash Dividend for the Period from July 1, 2025 to December 31, 2025, Payable on April 30, 2026Union Auction Public Company Limited at its AGM to be held on April 3, 2026, proposed cash dividend of THB 0.205 per share for the period from July 1, 2025 to December 31, 2025. Date of Board resolution is February 13, 2026. Record date for the right to receive dividends is April 16, 2026, Ex-dividend date is April 10, 2026. Payment date is April 30, 2026.
공고 • Feb 13Union Auction Public Company Limited, Annual General Meeting, Apr 03, 2026Union Auction Public Company Limited, Annual General Meeting, Apr 03, 2026, at 10:00 SE Asia Standard Time.
New Risk • Nov 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 30% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by earnings (148% payout ratio). Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (฿3.11b market cap, or US$95.8m).
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.27 (vs ฿0.17 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.27. Revenue: ฿253.9m (down 23% from 3Q 2024). Net income: ฿51.2m (down 45% from 3Q 2024). Profit margin: 20% (down from 28% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Services industry in Asia.
New Risk • Oct 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.19b (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (99% payout ratio). Market cap is less than US$100m (฿3.19b market cap, or US$97.3m).
New Risk • Oct 02New 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 3.9% 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 Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (99% payout ratio). Share price has been volatile over the past 3 months (3.9% average weekly change).
Valuation Update With 7 Day Price Move • Oct 02Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ฿7.85, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total loss to shareholders of 5.3% over the past three years.
Declared Dividend • Aug 10First half dividend of ฿0.16 announcedShareholders will receive a dividend of ฿0.16. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 7.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio) nor is it covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. However, EPS is expected to decline by 2.8% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.08 (vs ฿0.15 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.08 (down from ฿0.15 in 2Q 2024). Revenue: ฿262.5m (down 15% from 2Q 2024). Net income: ฿44.5m (down 47% from 2Q 2024). Profit margin: 17% (down from 27% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Consumer Services industry in Asia are expected to grow by 9.6%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jun 20Now 20% overvaluedOver the last 90 days, the stock has fallen 26% to ฿5.55. The fair value is estimated to be ฿4.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to decline by 7.1% in a year. Earnings are forecast to decline by 18% in the next year.
Buy Or Sell Opportunity • Jun 04Now 20% overvaluedOver the last 90 days, the stock has fallen 27% to ฿5.50. The fair value is estimated to be ฿4.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to decline by 7.1% in a year. Earnings are forecast to decline by 18% in the next year.
New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.19b (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 157% Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿3.19b market cap, or US$97.4m).
Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿6.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Consumer Services industry in Asia. Total loss to shareholders of 13% over the past three years.
New Risk • May 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 157% Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.22 in 1Q 2024)First quarter 2025 results: EPS: ฿0.10 (down from ฿0.22 in 1Q 2024). Revenue: ฿266.4m (down 23% from 1Q 2024). Net income: ฿54.7m (down 54% from 1Q 2024). Profit margin: 21% (down from 35% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
New Risk • Apr 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 128% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future.
Upcoming Dividend • Apr 04Upcoming dividend of ฿0.32 per shareEligible shareholders must have bought the stock before 11 April 2025. Payment date: 02 May 2025. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 9.0%. Within top quartile of Thai dividend payers (7.7%). Higher than average of industry peers (4.6%).
Price Target Changed • Mar 19Price target decreased by 13% to ฿11.07Down from ฿12.67, the current price target is an average from 3 analysts. New target price is 50% above last closing price of ฿7.40. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.66 for next year compared to ฿0.68 last year.
Declared Dividend • Feb 17Final dividend of ฿0.32 announcedShareholders will receive a dividend of ฿0.32. Ex-date: 11th April 2025 Payment date: 2nd May 2025 Dividend yield will be 8.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 1.2% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿0.68 (vs ฿0.63 in FY 2023)Full year 2024 results: EPS: ฿0.68 (up from ฿0.63 in FY 2023). Revenue: ฿1.30b (up 5.1% from FY 2023). Net income: ฿371.3m (up 6.7% from FY 2023). Profit margin: 28% (in line with FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공고 • Feb 14Union Auction Public Company Limited, Annual General Meeting, Apr 04, 2025Union Auction Public Company Limited, Annual General Meeting, Apr 04, 2025, at 10:00 SE Asia Standard Time.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.17 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.17 (down from ฿0.17 in 3Q 2023). Revenue: ฿328.0m (flat on 3Q 2023). Net income: ฿93.0m (flat on 3Q 2023). Profit margin: 28% (in line with 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 14% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
New Risk • Sep 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (102% payout ratio).
Declared Dividend • Aug 11First half dividend increased to ฿0.35Dividend of ฿0.35 is 35% higher than last year. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.8% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.15 (up from ฿0.12 in 2Q 2023). Revenue: ฿308.5m (up 14% from 2Q 2023). Net income: ฿83.4m (up 28% from 2Q 2023). Profit margin: 27% (up from 24% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공고 • Aug 10Union Auction Public Company Limited Announces Interim Cash Dividend Payment for the Operating Period from 01 January 2024 to 30 June 2024, Payable on 06 September 2024Union Auction Public Company Limited announced Interim Cash dividend payment of THB 0.35 per share for the Operating period from 01 January 2024 to 30 June 2024. Payment date is 06 September 2024. Record date for the right to receive dividends is 23 August 2024. Ex-dividend date is 22 August 2024. Date of Board resolution is 9 August 2024.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿9.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.05 per share.
공고 • Apr 05+ 1 more updateUnion Auction Public Company Limited Approves Management AppointmentsUnion Auction Public Company Limited at its Annual General Meeting of Shareholders held on 5 April 2024, approved the appointment of two additional directors, namely Mr. Somyod Suteerapornchai as Independent Director and Member of the Corporate Governance and Risk Management Committee, and Mr. Sutee Samathi as Director.
Upcoming Dividend • Apr 04Upcoming dividend of ฿0.37 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 03 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (3.8%).
공고 • Mar 21Union Auction Public Company Limited Appoints Sutee Samathi as Member of the Executive and Sustainable Development Committee and Managing Director, Effective from 16 February 2024Union Auction Public Company Limited at its board meeting held on 16 February 2024, approved to appoint Mr. Sutee Samathi as member of the Executive and Sustainable Development Committee and Managing Director, effective from 16 February 2024 onward.
Reported Earnings • Feb 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.63 (up from ฿0.46 in FY 2022). Revenue: ฿1.24b (up 30% from FY 2022). Net income: ฿347.9m (up 39% from FY 2022). Profit margin: 28% (up from 26% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer 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 fallen by 1% per year, which means it is significantly lagging earnings.
공고 • Feb 17Union Auction Public Company Limited, Annual General Meeting, Apr 05, 2024Union Auction Public Company Limited, Annual General Meeting, Apr 05, 2024, at 10:00 SE Asia Standard Time. Agenda: To acknowledge the operating results of the Company for the year 2023; to consider and approve the financial statements for the fiscal year ended 31 December 2023; to consider and approve the appropriation of profit for statutory reserve and dividend payment for the 2023 operating results; to consider and approve the appointment of 2 additional directors; to consider and approve the appointment of the auditors and the remuneration of the auditors for the year 2024; and to consider other matters.
공고 • Feb 16+ 1 more updateUnion Auction Public Company Limited Announces Board ChangesThe Board of Directors' Meeting of Union Auction Public Company Limited held on 16 February 2024 has passed significant resolutions which can be summarized as follows: Approved to appoint Mr. Suvit Yoadjarust as Vice Chairman, effective from 16 February 2024 onward. After the appointment, there will be 3 Vice Chairmen, namely: Assoc. Prof. Dr. Sauwanee Thairungroj,Mr. Thepthai Sila, and Mr. Suvit Yoadjarust. The level is not specified. Approved to appoint Mr. Sutee Samathi as member of the Executive and Sustainable Development Committee and Managing Director, effective from 16 February 2024 onward.
공고 • Jan 31Union Auction Public Company Limited Announces Resignation of Suvit Yoadjarust as Chairman of the Executive and Sustainable Development CommitteeUnion Auction Public Company Limited informed that Mr. Suvit Yoadjarust, Director and Chairman of the Executive and Sustainable Development Committee, has informed to resign from the position of Chairman of the Executive and Sustainable Development Committee but shall remain the position as a Director having effective on 1 February 2024 onward.
Price Target Changed • Oct 25Price target increased by 9.8% to ฿13.10Up from ฿11.93, the current price target is an average from 3 analysts. New target price is 34% above last closing price of ฿9.80. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.46 last year.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.26 per share at 4.5% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (4.0%).
Reported Earnings • Aug 12Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ฿270.7m (up 33% from 2Q 2022). Net income: ฿65.2m (up 46% from 2Q 2022). Profit margin: 24% (up from 22% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Services industry in Asia.
공고 • Aug 12Union Auction Public Company Limited Approves the Interim Cash Dividend Payment for the Operating Results from January 01, 2023 to June 30, 2023, Payable on September 08, 2023The Board of the Directors' Meeting of the Union Auction Public Company Limited held on August 11, 2023 has approved the interim cash dividend payment for the operating results from January 01, 2023 to June 30, 2023 at the rate of THB 0.15 per share. The date on which the recorded shareholders are entitled to receive the dividend (Record Date) was determined to be on August 25, 2023. Ex-dividend on August 24, 2023. The dividend payment will be made on September 08, 2023.
Major Estimate Revision • Jun 15Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿1.08b to ฿1.11b. EPS estimate increased from ฿0.52 to ฿0.58 per share. Net income forecast to grow 7.5% next year vs 25% growth forecast for Consumer Services industry in Thailand. Consensus price target up from ฿12.05 to ฿12.65. Share price was steady at ฿10.70 over the past week.
Price Target Changed • Jun 14Price target increased by 12% to ฿12.65Up from ฿11.30, the current price target is an average from 2 analysts. New target price is 18% above last closing price of ฿10.70. Stock is up 33% over the past year. The company is forecast to post earnings per share of ฿0.58 for next year compared to ฿0.46 last year.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.17 (vs ฿0.082 in 1Q 2022)First quarter 2023 results: EPS: ฿0.17 (up from ฿0.082 in 1Q 2022). Revenue: ฿308.4m (up 48% from 1Q 2022). Net income: ฿95.7m (up 112% from 1Q 2022). Profit margin: 31% (up from 22% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 20Upcoming dividend of ฿0.30 per share at 4.9% yieldEligible shareholders must have bought the stock before 27 April 2023. Payment date: 19 May 2023. Payout ratio and cash payout ratio are on the higher end at 99% and 94% respectively. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (3.6%).
Price Target Changed • Nov 16Price target decreased to ฿10.50Down from ฿11.30, the current price target is an average from 2 analysts. New target price is 8.8% above last closing price of ฿9.65. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of ฿0.46 for next year compared to ฿0.46 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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Theerathon Tharachai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Aug 17Now 20% undervaluedOver the last 90 days, the stock is up 5.9%. The fair value is estimated to be ฿11.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 9.5% in a year. Earnings is forecast to grow by 18% in the next year.
Price Target Changed • Aug 16Price target decreased to ฿10.50Down from ฿11.30, the current price target is an average from 2 analysts. New target price is 17% above last closing price of ฿9.00. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of ฿0.46 for next year compared to ฿0.46 last year.
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.083 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.08 (down from ฿0.083 in 2Q 2021). Revenue: ฿204.2m (up 1.0% from 2Q 2021). Net income: ฿44.7m (down 1.8% from 2Q 2021). Profit margin: 22% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.2%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year.
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿8.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 26% over the past three years.
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿8.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 26% over the past three years.
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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Theerathon Tharachai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Apr 12Upcoming dividend of ฿0.28 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 06 May 2022. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.6%).
Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: ฿0.46 (up from ฿0.41 in FY 2020). Revenue: ฿901.7m (up 3.8% from FY 2020). Net income: ฿256.1m (up 12% from FY 2020). Profit margin: 28% (up from 26% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 11%, compared to a 22% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 16Price target decreased to ฿11.90Down from ฿12.97, the current price target is provided by 1 analyst. New target price is 20% above last closing price of ฿9.95. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of ฿0.46 for next year compared to ฿0.41 last year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.073 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿221.0m (up 15% from 3Q 2020). Net income: ฿60.1m (up 51% from 3Q 2020). Profit margin: 27% (up from 21% 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 12% per year whereas the company’s share price has increased by 15% per year.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (2.6%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.083 (vs ฿0.13 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿202.1m (down 11% from 2Q 2020). Net income: ฿45.5m (down 36% from 2Q 2020). Profit margin: 23% (down from 31% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.094 in 1Q 2020)The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ฿237.1m (flat on 1Q 2020). Net income: ฿69.0m (up 33% from 1Q 2020). Profit margin: 29% (up from 22% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year.
Upcoming Dividend • Apr 13Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 20 April 2021. Payment date: 07 May 2021. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.8%).
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.41 (vs ฿0.43 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿869.1m (up 8.2% from FY 2019). Net income: ฿228.0m (down 2.7% from FY 2019). Profit margin: 26% (down from 29% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue and earnings miss expectationsRevenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 25%, compared to a 41% growth forecast for the Consumer Services industry in Thailand.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿11.70, the stock is trading at a trailing P/E ratio of 27.2x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 20x in the Consumer Services industry in Asia. Total returns to shareholders over the past three years are 143%.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿11.10, the stock is trading at a trailing P/E ratio of 25.8x, up from the previous P/E ratio of 21.8x. This compares to an average P/E of 20x in the Consumer Services industry in Asia. Total returns to shareholders over the past three years are 123%.
Is New 90 Day High Low • Dec 14New 90-day low: ฿9.55The company is down 29% from its price of ฿13.50 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 2.0% over the same period.
Analyst Estimate Surprise Post Earnings • Nov 19Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.3%. Earnings per share (EPS) missed analyst estimates by 42%.
Reported Earnings • Nov 19Third quarter 2020 earnings released: EPS ฿0.073The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿192.1m (down 4.2% from 3Q 2019). Net income: ฿39.9m (down 31% from 3Q 2019). Profit margin: 21% (down from 29% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Nov 17New 90-day low: ฿10.00The company is down 7.0% from its price of ฿10.80 on 19 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is flat over the same period.
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿192.9m (down 3.8% from 3Q 2019). Net income: ฿39.9m (down 31% from 3Q 2019). Profit margin: 21% (down from 29% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 16Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.3%. Earnings per share (EPS) missed analyst estimates by 42%.
Is New 90 Day High Low • Sep 23New 90-day high: ฿14.90The company is up 87% from its price of ฿7.95 on 25 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period.
