View ValuationMicro Leasing 향후 성장Future 기준 점검 0/6Micro Leasing 의 수익은 연간 8.8% 감소할 것으로 예상되는 반면, 연간 수익은 3.4% 로 증가할 것으로 예상됩니다. EPS는 연간 5% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 1.9% 로 예상됩니다.핵심 정보-8.8%이익 성장률-5.00%EPS 성장률Diversified Financial 이익 성장11.6%매출 성장률3.4%향후 자기자본이익률1.92%애널리스트 커버리지Low마지막 업데이트30 Apr 2026최근 향후 성장 업데이트Price Target Changed • May 15Price target increased by 20% to ฿1.20Up from ฿1.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ฿0.95. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.03 next year compared to a net loss per share of ฿0.15 last year.Price Target Changed • Apr 28Price target increased by 7.4% to ฿1.02Up from ฿0.95, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ฿0.87. Stock is down 60% over the past year. The company is forecast to post a net loss per share of ฿0.05 next year compared to a net loss per share of ฿0.15 last year.Major Estimate Revision • Nov 16Consensus EPS estimates fall by 75%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -฿0.08 to -฿0.14 per share. Revenue forecast of ฿589.0m unchanged since last update. Diversified Financial industry in Thailand expected to see average net income growth of 13% next year. Consensus price target of ฿1.00 unchanged from last update. Share price fell 16% to ฿1.24 over the past week.Major Estimate Revision • Jul 26Consensus revenue estimates decrease by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ฿730.0m to ฿589.0m. EPS estimate unchanged from -฿0.08 per share at last update. Diversified Financial industry in Thailand expected to see average net income growth of 12% next year. Consensus price target down from ฿2.40 to ฿1.20. Share price fell 12% to ฿1.23 over the past week.Major Estimate Revision • Jul 15Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿726.5m to ฿710.5m. EPS estimate also fell from ฿0.27 per share to ฿0.22 per share. Net income forecast to grow 19% next year vs 12% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿9.50 to ฿6.90. Share price fell 4.6% to ฿4.82 over the past week.Price Target Changed • May 23Price target decreased to ฿9.50Down from ฿11.65, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿6.25. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.29 for next year compared to ฿0.20 last year.모든 업데이트 보기Recent updatesNew Risk • May 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.8% 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 8.8% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿794.8m market cap, or US$24.4m).Upcoming Dividend • Apr 23Upcoming dividend of ฿0.027 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.6%).Reported Earnings • Feb 24Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ฿0.05 (up from ฿0.15 loss in FY 2024). Revenue: ฿445.3m (up 5.9% from FY 2024). Net income: ฿46.2m (up ฿199.4m from FY 2024). Profit margin: 10% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings.공지 • Feb 21+ 1 more updateMicro Leasing Public Company Limited announces Annual dividend, payable on May 22, 2026Micro Leasing Public Company Limited announced Annual dividend of THB 0.0270 per share payable on May 22, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.Reported Earnings • Nov 15Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ฿108.9m (down 2.3% from 3Q 2024). Net income: ฿7.72m (up ฿70.7m from 3Q 2024). Profit margin: 7.1% (up from net loss in 3Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 16Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2025 results: EPS: ฿0.01 (up from ฿0.021 loss in 2Q 2024). Revenue: ฿150.8m (up 43% from 2Q 2024). Net income: ฿9.44m (up ฿28.7m from 2Q 2024). Profit margin: 6.3% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.공지 • Jul 03Micro Leasing Public Company Limited Announces Board ChangesMicro Leasing Public Company Limited announced termination of Chatmanee Jiravicha. Position of Chief Accountant: Senior Departments Manager Accounting and Budgeting. Effective Date of Termination: July 1, 2025. The board further appointed Waranya Tangjitcumnuankran. Position of Chief Accountant: Assistant Senior Manager, Accounting & Financial Department. Effective Date of Appointment: July 1, 2025.Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.007 (up from ฿0.006 loss in 1Q 2024). Revenue: ฿120.2m (down 15% from 1Q 2024). Net income: ฿6.57m (up ฿12.6m from 1Q 2024). Profit margin: 5.5% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.Price Target Changed • May 15Price target increased by 20% to ฿1.20Up from ฿1.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ฿0.95. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.03 next year compared to a net loss per share of ฿0.15 last year.Price Target Changed • Apr 28Price target increased by 7.4% to ฿1.02Up from ฿0.95, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ฿0.87. Stock is down 60% over the past year. The company is forecast to post a net loss per share of ฿0.05 next year compared to a net loss per share of ฿0.15 last year.New Risk • Apr 03New 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: Minor Risks High level of debt (85% net debt to equity). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿850.9m market cap, or US$24.8m).Reported Earnings • Feb 23Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: ฿0.15 loss per share (further deteriorated from ฿0.056 loss in FY 2023). Revenue: ฿434.8m (down 14% from FY 2023). Net loss: ฿153.2m (loss widened 192% from FY 2023). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.공지 • Feb 21Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2025Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:00 SE Asia Standard Time. Location: micro leasing public company limited, ThailandMajor Estimate Revision • Nov 16Consensus EPS estimates fall by 75%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -฿0.08 to -฿0.14 per share. Revenue forecast of ฿589.0m unchanged since last update. Diversified Financial industry in Thailand expected to see average net income growth of 13% next year. Consensus price target of ฿1.00 unchanged from last update. Share price fell 16% to ฿1.24 over the past week.New Risk • Aug 19New 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 7.7% 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: Minor Risks High level of debt (112% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (฿944.4m market cap, or US$27.4m).Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ฿105.6m (down 15% from 2Q 2023). Net loss: ฿19.3m (loss widened 63% from 2Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Diversified Financial industry in Asia.Major Estimate Revision • Jul 26Consensus revenue estimates decrease by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ฿730.0m to ฿589.0m. EPS estimate unchanged from -฿0.08 per share at last update. Diversified Financial industry in Thailand expected to see average net income growth of 12% next year. Consensus price target down from ฿2.40 to ฿1.20. Share price fell 12% to ฿1.23 over the past week.Reported Earnings • May 16First quarter 2024 earnings released: ฿0.006 loss per share (vs ฿0.003 profit in 1Q 2023)First quarter 2024 results: ฿0.006 loss per share (down from ฿0.003 profit in 1Q 2023). Revenue: ฿142.1m (up 4.6% from 1Q 2023). Net loss: ฿5.99m (down 295% from profit in 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 24Full year 2023 earnings released: ฿0.056 loss per share (vs ฿0.07 profit in FY 2022)Full year 2023 results: ฿0.056 loss per share (down from ฿0.07 profit in FY 2022). Revenue: ฿515.9m (down 5.6% from FY 2022). Net loss: ฿52.5m (down 166% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.공지 • Feb 24Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2024Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders for the year 2023; to acknowledge the operating performance of the Company for the year 2023; to consider and approve the company financial statements for the year ended 31 December 2023; to consider and approve the election of directors to replace those retiring by rotation; to consider and approve the remuneration of the Board of Directors for the year 2024; and to consider other matters.Reported Earnings • Nov 14Third quarter 2023 earnings released: ฿0.036 loss per share (vs ฿0.008 profit in 3Q 2022)Third quarter 2023 results: ฿0.036 loss per share (down from ฿0.008 profit in 3Q 2022). Revenue: ฿127.5m (down 13% from 3Q 2022). Net loss: ฿34.0m (down ฿41.8m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.New Risk • Oct 18New major risk - Revenue and earnings growthEarnings have declined by 6.2% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿2.24b market cap, or US$61.8m).Reported Earnings • Aug 12Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.02 profit in 2Q 2022)Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.02 profit in 2Q 2022). Revenue: ฿123.9m (down 1.7% from 2Q 2022). Net loss: ฿11.8m (down 163% from profit in 2Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.3% decline forecast for the Diversified Financial industry in Asia.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.003 (vs ฿0.06 in 1Q 2022)First quarter 2023 results: EPS: ฿0.003 (down from ฿0.06 in 1Q 2022). Revenue: ฿135.9m (down 7.3% from 1Q 2022). Net income: ฿3.08m (down 94% from 1Q 2022). Profit margin: 2.3% (down from 35% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Asia.Upcoming Dividend • May 02Upcoming dividend of ฿0.036 per share at 1.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿3.28, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 9x in the Diversified Financial industry in Asia. Total loss to shareholders of 52% over the past year.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.003 (vs ฿0.043 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.003 (down from ฿0.043 in 3Q 2021). Revenue: ฿147.3m (up 33% from 3Q 2021). Net income: ฿7.80m (down 81% from 3Q 2021). Profit margin: 5.3% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Diversified Financial industry in Asia.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Vice Chairman Weidt Nuchjalearn was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 10Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿126.0m (up 16% from 2Q 2021). Net income: ฿18.7m (down 63% from 2Q 2021). Profit margin: 15% (down from 46% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 56%, compared to a 26% growth forecast for the industry in Thailand.Major Estimate Revision • Jul 15Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿726.5m to ฿710.5m. EPS estimate also fell from ฿0.27 per share to ฿0.22 per share. Net income forecast to grow 19% next year vs 12% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿9.50 to ฿6.90. Share price fell 4.6% to ฿4.82 over the past week.Price Target Changed • May 23Price target decreased to ฿9.50Down from ฿11.65, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿6.25. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.29 for next year compared to ฿0.20 last year.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Vice Chairman Weidt Nuchjalearn was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Apr 21Upcoming dividend of ฿0.077 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.3%).Price Target Changed • Feb 08Price target decreased to ฿11.50Down from ฿12.70, the current price target is an average from 2 analysts. New target price is 54% above last closing price of ฿7.45. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of ฿0.21 for next year compared to ฿0.18 last year.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS ฿0.042 (vs ฿0.045 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿111.1m (up 42% from 3Q 2020). Net income: ฿40.3m (up 26% from 3Q 2020). Profit margin: 36% (down from 41% in 3Q 2020). The decrease in margin was driven by higher expenses.Major Estimate Revision • Aug 17Consensus revenue estimates increase to ฿560.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from ฿493.7m to ฿560.0m. EPS estimate increased from ฿0.23 to ฿0.23 per share. Net income forecast to grow 44% next year vs 29% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿12.70 to ฿11.85. Share price fell 6.7% to ฿7.60 over the past week.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.055 (vs ฿0.042 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿114.5m (up 68% from 1Q 2020). Net income: ฿51.3m (up 75% from 1Q 2020). Profit margin: 45% (up from 43% in 1Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿8.10, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 9x in the Diversified Financial industry in Asia.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿8.45, the stock is trading at a trailing P/E ratio of 47.8x, up from the previous P/E ratio of 40.4x. This compares to an average P/E of 27x in the Diversified Financial industry in Thailand.Is New 90 Day High Low • Mar 05New 90-day high: ฿7.65The company is up 33% from its price of ฿5.75 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.58 per share.Reported Earnings • Mar 02Full year 2020 earnings released: EPS ฿0.18 (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: ฿339.1m (up 26% from FY 2019). Net income: ฿135.1m (up 22% from FY 2019). Profit margin: 40% (down from 41% in FY 2019). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Mar 02Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the Diversified Financial industry in Thailand.Is New 90 Day High Low • Feb 04New 90-day high: ฿6.85The company is up 44% from its price of ฿4.76 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.46 per share.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿6.85, the stock is trading at a trailing P/E ratio of 37.9x, up from the previous P/E ratio of 30.7x. This compares to an average P/E of 26x in the Diversified Financial industry in Thailand.Is New 90 Day High Low • Jan 19New 90-day high: ฿5.80The company is up 24% from its price of ฿4.68 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Diversified Financial industry, which is also up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.45 per share.Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 19% share price gain to ฿5.90, the stock is trading at a trailing P/E ratio of 32.6x, up from the previous P/E ratio of 27.4x. This compares to an average P/E of 26x in the Diversified Financial industry in Thailand.Valuation Update With 7 Day Price Move • Dec 05Market bids up stock over the past weekAfter last week's 15% share price gain to ฿5.75, the stock is trading at a trailing P/E ratio of 31.8x, up from the previous P/E ratio of 27.5x. This compares to an average P/E of 25x in the Diversified Financial industry in Thailand.Valuation Update With 7 Day Price Move • Oct 20Market bids up stock over the past weekAfter last week's 16% share price gain to ฿4.74, the stock is trading at a trailing P/E ratio of 25.1x, up from the previous P/E ratio of 21.6x. This compares to an average P/E of 15x in the Diversified Financial industry in Thailand.이익 및 매출 성장 예측SET:MICRO - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202849235N/AN/A112/31/202747634N/AN/A112/31/202646133N/AN/A112/31/2025444461,0611,093N/A9/30/2025400-411,2131,216N/A6/30/2025403-1121,2621,267N/A3/31/2025399-1411,2141,220N/A12/31/2024421-1531,1721,181N/A9/30/2024478-981,0381,048N/A6/30/2024495-69848858N/A3/31/2024513-62751761N/A12/31/2023507-53359370N/A9/30/2023514-42819N/A6/30/20235340-449-417N/A3/31/202353630-899-857N/A12/31/202254779-1,021-980N/A9/30/2022545124-1,200-1,135N/A6/30/2022508157-1,077-1,030N/A3/31/2022491188-1,009-971N/A12/31/2021459187-945-908N/A9/30/2021451182-842-829N/A6/30/2021430174-702-691N/A3/31/2021415157-439-427N/A12/31/2020380135-284-272N/A9/30/2020340127-225-210N/A6/30/2020321132-308-276N/A3/31/2020286119-392-347N/A12/31/2019268111-397-350N/A9/30/201925093N/A-273N/A12/31/201822290N/A-72N/A12/31/201715258N/A-54N/A12/31/201611950N/A-376N/A12/31/20157428N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MICRO 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.8%).수익 vs 시장: MICRO 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.8%).고성장 수익: MICRO 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: MICRO 의 수익(연간 3.4%)이 TH 시장(연간 9.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: MICRO 의 수익(연간 3.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MICRO의 자본 수익률은 3년 후 1.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YDiversified-financials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 03:08종가2026/05/08 00:00수익2025/12/31연간 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 소스Micro Leasing 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.분석가기관null nullDBS Bank LtdChayaporn TocharoenKrungsri Securities Public Company Limited
Price Target Changed • May 15Price target increased by 20% to ฿1.20Up from ฿1.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ฿0.95. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.03 next year compared to a net loss per share of ฿0.15 last year.
Price Target Changed • Apr 28Price target increased by 7.4% to ฿1.02Up from ฿0.95, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ฿0.87. Stock is down 60% over the past year. The company is forecast to post a net loss per share of ฿0.05 next year compared to a net loss per share of ฿0.15 last year.
Major Estimate Revision • Nov 16Consensus EPS estimates fall by 75%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -฿0.08 to -฿0.14 per share. Revenue forecast of ฿589.0m unchanged since last update. Diversified Financial industry in Thailand expected to see average net income growth of 13% next year. Consensus price target of ฿1.00 unchanged from last update. Share price fell 16% to ฿1.24 over the past week.
Major Estimate Revision • Jul 26Consensus revenue estimates decrease by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ฿730.0m to ฿589.0m. EPS estimate unchanged from -฿0.08 per share at last update. Diversified Financial industry in Thailand expected to see average net income growth of 12% next year. Consensus price target down from ฿2.40 to ฿1.20. Share price fell 12% to ฿1.23 over the past week.
Major Estimate Revision • Jul 15Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿726.5m to ฿710.5m. EPS estimate also fell from ฿0.27 per share to ฿0.22 per share. Net income forecast to grow 19% next year vs 12% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿9.50 to ฿6.90. Share price fell 4.6% to ฿4.82 over the past week.
Price Target Changed • May 23Price target decreased to ฿9.50Down from ฿11.65, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿6.25. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.29 for next year compared to ฿0.20 last year.
New Risk • May 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.8% 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 8.8% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿794.8m market cap, or US$24.4m).
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.027 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.6%).
Reported Earnings • Feb 24Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ฿0.05 (up from ฿0.15 loss in FY 2024). Revenue: ฿445.3m (up 5.9% from FY 2024). Net income: ฿46.2m (up ฿199.4m from FY 2024). Profit margin: 10% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings.
공지 • Feb 21+ 1 more updateMicro Leasing Public Company Limited announces Annual dividend, payable on May 22, 2026Micro Leasing Public Company Limited announced Annual dividend of THB 0.0270 per share payable on May 22, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.
Reported Earnings • Nov 15Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ฿108.9m (down 2.3% from 3Q 2024). Net income: ฿7.72m (up ฿70.7m from 3Q 2024). Profit margin: 7.1% (up from net loss in 3Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 16Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2025 results: EPS: ฿0.01 (up from ฿0.021 loss in 2Q 2024). Revenue: ฿150.8m (up 43% from 2Q 2024). Net income: ฿9.44m (up ฿28.7m from 2Q 2024). Profit margin: 6.3% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
공지 • Jul 03Micro Leasing Public Company Limited Announces Board ChangesMicro Leasing Public Company Limited announced termination of Chatmanee Jiravicha. Position of Chief Accountant: Senior Departments Manager Accounting and Budgeting. Effective Date of Termination: July 1, 2025. The board further appointed Waranya Tangjitcumnuankran. Position of Chief Accountant: Assistant Senior Manager, Accounting & Financial Department. Effective Date of Appointment: July 1, 2025.
Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.007 (up from ฿0.006 loss in 1Q 2024). Revenue: ฿120.2m (down 15% from 1Q 2024). Net income: ฿6.57m (up ฿12.6m from 1Q 2024). Profit margin: 5.5% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
Price Target Changed • May 15Price target increased by 20% to ฿1.20Up from ฿1.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ฿0.95. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.03 next year compared to a net loss per share of ฿0.15 last year.
Price Target Changed • Apr 28Price target increased by 7.4% to ฿1.02Up from ฿0.95, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ฿0.87. Stock is down 60% over the past year. The company is forecast to post a net loss per share of ฿0.05 next year compared to a net loss per share of ฿0.15 last year.
New Risk • Apr 03New 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: Minor Risks High level of debt (85% net debt to equity). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿850.9m market cap, or US$24.8m).
Reported Earnings • Feb 23Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: ฿0.15 loss per share (further deteriorated from ฿0.056 loss in FY 2023). Revenue: ฿434.8m (down 14% from FY 2023). Net loss: ฿153.2m (loss widened 192% from FY 2023). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
공지 • Feb 21Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2025Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:00 SE Asia Standard Time. Location: micro leasing public company limited, Thailand
Major Estimate Revision • Nov 16Consensus EPS estimates fall by 75%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -฿0.08 to -฿0.14 per share. Revenue forecast of ฿589.0m unchanged since last update. Diversified Financial industry in Thailand expected to see average net income growth of 13% next year. Consensus price target of ฿1.00 unchanged from last update. Share price fell 16% to ฿1.24 over the past week.
New Risk • Aug 19New 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 7.7% 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: Minor Risks High level of debt (112% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (฿944.4m market cap, or US$27.4m).
Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ฿105.6m (down 15% from 2Q 2023). Net loss: ฿19.3m (loss widened 63% from 2Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Diversified Financial industry in Asia.
Major Estimate Revision • Jul 26Consensus revenue estimates decrease by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ฿730.0m to ฿589.0m. EPS estimate unchanged from -฿0.08 per share at last update. Diversified Financial industry in Thailand expected to see average net income growth of 12% next year. Consensus price target down from ฿2.40 to ฿1.20. Share price fell 12% to ฿1.23 over the past week.
Reported Earnings • May 16First quarter 2024 earnings released: ฿0.006 loss per share (vs ฿0.003 profit in 1Q 2023)First quarter 2024 results: ฿0.006 loss per share (down from ฿0.003 profit in 1Q 2023). Revenue: ฿142.1m (up 4.6% from 1Q 2023). Net loss: ฿5.99m (down 295% from profit in 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 24Full year 2023 earnings released: ฿0.056 loss per share (vs ฿0.07 profit in FY 2022)Full year 2023 results: ฿0.056 loss per share (down from ฿0.07 profit in FY 2022). Revenue: ฿515.9m (down 5.6% from FY 2022). Net loss: ฿52.5m (down 166% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
공지 • Feb 24Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2024Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders for the year 2023; to acknowledge the operating performance of the Company for the year 2023; to consider and approve the company financial statements for the year ended 31 December 2023; to consider and approve the election of directors to replace those retiring by rotation; to consider and approve the remuneration of the Board of Directors for the year 2024; and to consider other matters.
Reported Earnings • Nov 14Third quarter 2023 earnings released: ฿0.036 loss per share (vs ฿0.008 profit in 3Q 2022)Third quarter 2023 results: ฿0.036 loss per share (down from ฿0.008 profit in 3Q 2022). Revenue: ฿127.5m (down 13% from 3Q 2022). Net loss: ฿34.0m (down ฿41.8m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
New Risk • Oct 18New major risk - Revenue and earnings growthEarnings have declined by 6.2% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿2.24b market cap, or US$61.8m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.02 profit in 2Q 2022)Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.02 profit in 2Q 2022). Revenue: ฿123.9m (down 1.7% from 2Q 2022). Net loss: ฿11.8m (down 163% from profit in 2Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.3% decline forecast for the Diversified Financial industry in Asia.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.003 (vs ฿0.06 in 1Q 2022)First quarter 2023 results: EPS: ฿0.003 (down from ฿0.06 in 1Q 2022). Revenue: ฿135.9m (down 7.3% from 1Q 2022). Net income: ฿3.08m (down 94% from 1Q 2022). Profit margin: 2.3% (down from 35% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Asia.
Upcoming Dividend • May 02Upcoming dividend of ฿0.036 per share at 1.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿3.28, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 9x in the Diversified Financial industry in Asia. Total loss to shareholders of 52% over the past year.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.003 (vs ฿0.043 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.003 (down from ฿0.043 in 3Q 2021). Revenue: ฿147.3m (up 33% from 3Q 2021). Net income: ฿7.80m (down 81% from 3Q 2021). Profit margin: 5.3% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Diversified Financial industry in Asia.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Vice Chairman Weidt Nuchjalearn was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 10Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿126.0m (up 16% from 2Q 2021). Net income: ฿18.7m (down 63% from 2Q 2021). Profit margin: 15% (down from 46% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 56%, compared to a 26% growth forecast for the industry in Thailand.
Major Estimate Revision • Jul 15Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿726.5m to ฿710.5m. EPS estimate also fell from ฿0.27 per share to ฿0.22 per share. Net income forecast to grow 19% next year vs 12% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿9.50 to ฿6.90. Share price fell 4.6% to ฿4.82 over the past week.
Price Target Changed • May 23Price target decreased to ฿9.50Down from ฿11.65, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿6.25. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.29 for next year compared to ฿0.20 last year.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Vice Chairman Weidt Nuchjalearn was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Apr 21Upcoming dividend of ฿0.077 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.3%).
Price Target Changed • Feb 08Price target decreased to ฿11.50Down from ฿12.70, the current price target is an average from 2 analysts. New target price is 54% above last closing price of ฿7.45. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of ฿0.21 for next year compared to ฿0.18 last year.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS ฿0.042 (vs ฿0.045 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿111.1m (up 42% from 3Q 2020). Net income: ฿40.3m (up 26% from 3Q 2020). Profit margin: 36% (down from 41% in 3Q 2020). The decrease in margin was driven by higher expenses.
Major Estimate Revision • Aug 17Consensus revenue estimates increase to ฿560.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from ฿493.7m to ฿560.0m. EPS estimate increased from ฿0.23 to ฿0.23 per share. Net income forecast to grow 44% next year vs 29% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿12.70 to ฿11.85. Share price fell 6.7% to ฿7.60 over the past week.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.055 (vs ฿0.042 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿114.5m (up 68% from 1Q 2020). Net income: ฿51.3m (up 75% from 1Q 2020). Profit margin: 45% (up from 43% in 1Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿8.10, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 9x in the Diversified Financial industry in Asia.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿8.45, the stock is trading at a trailing P/E ratio of 47.8x, up from the previous P/E ratio of 40.4x. This compares to an average P/E of 27x in the Diversified Financial industry in Thailand.
Is New 90 Day High Low • Mar 05New 90-day high: ฿7.65The company is up 33% from its price of ฿5.75 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.58 per share.
Reported Earnings • Mar 02Full year 2020 earnings released: EPS ฿0.18 (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: ฿339.1m (up 26% from FY 2019). Net income: ฿135.1m (up 22% from FY 2019). Profit margin: 40% (down from 41% in FY 2019). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Mar 02Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the Diversified Financial industry in Thailand.
Is New 90 Day High Low • Feb 04New 90-day high: ฿6.85The company is up 44% from its price of ฿4.76 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.46 per share.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 23% share price gain to ฿6.85, the stock is trading at a trailing P/E ratio of 37.9x, up from the previous P/E ratio of 30.7x. This compares to an average P/E of 26x in the Diversified Financial industry in Thailand.
Is New 90 Day High Low • Jan 19New 90-day high: ฿5.80The company is up 24% from its price of ฿4.68 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Diversified Financial industry, which is also up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.45 per share.
Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 19% share price gain to ฿5.90, the stock is trading at a trailing P/E ratio of 32.6x, up from the previous P/E ratio of 27.4x. This compares to an average P/E of 26x in the Diversified Financial industry in Thailand.
Valuation Update With 7 Day Price Move • Dec 05Market bids up stock over the past weekAfter last week's 15% share price gain to ฿5.75, the stock is trading at a trailing P/E ratio of 31.8x, up from the previous P/E ratio of 27.5x. This compares to an average P/E of 25x in the Diversified Financial industry in Thailand.
Valuation Update With 7 Day Price Move • Oct 20Market bids up stock over the past weekAfter last week's 16% share price gain to ฿4.74, the stock is trading at a trailing P/E ratio of 25.1x, up from the previous P/E ratio of 21.6x. This compares to an average P/E of 15x in the Diversified Financial industry in Thailand.