View Future GrowthSalee Colour 과거 순이익 실적과거 기준 점검 1/6Salee Colour의 수입은 연평균 -16.8%의 비율로 감소해 온 반면, Chemicals 산업은 수입이 연평균 5% 감소했습니다. 매출은 연평균 2.8%의 비율로 감소해 왔습니다. Salee Colour의 자기자본이익률은 2.5%이고 순이익률은 2.3%입니다.핵심 정보-16.80%순이익 성장률-16.85%주당순이익(EPS) 성장률Chemicals 산업 성장률8.05%매출 성장률-2.78%자기자본이익률2.46%순이익률2.35%최근 순이익 업데이트30 Jun 2026최근 과거 실적 업데이트Reported Earnings • Aug 18Second quarter 2026 earnings released: EPS: ฿0.023 (vs ฿0.01 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.023 (up from ฿0.01 in 2Q 2025). Revenue: ฿315.7m (up 22% from 2Q 2025). Net income: ฿13.6m (up 126% from 2Q 2025). Profit margin: 4.3% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.007 (vs ฿0.017 in 1Q 2025)First quarter 2026 results: EPS: ฿0.007 (down from ฿0.017 in 1Q 2025). Revenue: ฿263.9m (down 2.4% from 1Q 2025). Net income: ฿3.98m (down 61% from 1Q 2025). Profit margin: 1.5% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.04 (vs ฿0.063 in FY 2024)Full year 2025 results: EPS: ฿0.04 (down from ฿0.063 in FY 2024). Revenue: ฿1.02b (down 6.7% from FY 2024). Net income: ฿17.0m (down 54% from FY 2024). Profit margin: 1.7% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 3Q 2024). Revenue: ฿236.3m (down 23% from 3Q 2024). Net income: ฿5.72m (down 23% from 3Q 2024). Profit margin: 2.4% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 2Q 2024). Revenue: ฿258.2m (up 4.6% from 2Q 2024). Net income: ฿6.04m (down 7.9% from 2Q 2024). Profit margin: 2.3% (down from 2.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0 in 1Q 2024)First quarter 2025 results: EPS: ฿0.017 (up from ฿0 in 1Q 2024). Revenue: ฿270.4m (up 5.9% from 1Q 2024). Net income: ฿10.1m (up ฿9.92m from 1Q 2024). Profit margin: 3.7% (up from 0.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year.모든 업데이트 보기Recent updatesReported Earnings • Aug 18Second quarter 2026 earnings released: EPS: ฿0.023 (vs ฿0.01 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.023 (up from ฿0.01 in 2Q 2025). Revenue: ฿315.7m (up 22% from 2Q 2025). Net income: ฿13.6m (up 126% from 2Q 2025). Profit margin: 4.3% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (฿583.1m market cap, or US$17.6m).New Risk • Aug 11New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 101% Dividend yield: 3.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (101% payout ratio). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (฿589.0m market cap, or US$17.8m).Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.007 (vs ฿0.017 in 1Q 2025)First quarter 2026 results: EPS: ฿0.007 (down from ฿0.017 in 1Q 2025). Revenue: ฿263.9m (down 2.4% from 1Q 2025). Net income: ฿3.98m (down 61% from 1Q 2025). Profit margin: 1.5% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 06 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.6%).Declared Dividend • Feb 26Dividend reduced to ฿0.03Dividend of ฿0.03 is 40% lower than last year. Ex-date: 6th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.0%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 21% EPS decline seen over the last 5 years.New Risk • Feb 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.4% 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 Earnings have declined by 15% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (฿594.9m market cap, or US$19.2m).Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.04 (vs ฿0.063 in FY 2024)Full year 2025 results: EPS: ฿0.04 (down from ฿0.063 in FY 2024). Revenue: ฿1.02b (down 6.7% from FY 2024). Net income: ฿17.0m (down 54% from FY 2024). Profit margin: 1.7% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.공고 • Feb 25Salee Colour Public Company Limited (SET:COLOR) announces an Equity Buyback for 50,000,000 shares, representing 8.49% for THB 70 million.Salee Colour Public Company Limited (SET:COLOR) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing 8.48% of its issued share capital, for THB 70 million. The repurchase price must not exceed 15% of the average closing share price of five business days prior to each repurchase date. The purpose of the program is to manage the efficiency of the company's liquidity and enhance the return on equity (ROE) and earning per share and company's prosperous financial and future prospective confidence. The program will run through August 31, 2026. As of March 11, 2025, the company had 588,965,082 shares in outstanding.공고 • Feb 24+ 1 more updateSalee Colour Public Company Limited announces Annual dividend, payable on May 22, 2026Salee Colour Public Company Limited announced Annual dividend of THB 0.0300 per share payable on May 22, 2026, ex-date on May 06, 2026 and record date on May 07, 2026.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 3Q 2024). Revenue: ฿236.3m (down 23% from 3Q 2024). Net income: ฿5.72m (down 23% from 3Q 2024). Profit margin: 2.4% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 2Q 2024). Revenue: ฿258.2m (up 4.6% from 2Q 2024). Net income: ฿6.04m (down 7.9% from 2Q 2024). Profit margin: 2.3% (down from 2.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0 in 1Q 2024)First quarter 2025 results: EPS: ฿0.017 (up from ฿0 in 1Q 2024). Revenue: ฿270.4m (up 5.9% from 1Q 2024). Net income: ฿10.1m (up ฿9.92m from 1Q 2024). Profit margin: 3.7% (up from 0.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 23 May 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (3.7%).Declared Dividend • Feb 27Dividend increased to ฿0.05Dividend of ฿0.05 is 67% higher than last year. Ex-date: 6th May 2025 Payment date: 23rd May 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • Feb 25+ 1 more updateSalee Colour Public Company Limited Proposes Cash Dividend Payment for the Period from January 1, 2024, to December 31, 2024, Payable on May 23, 2025Salee Color Public Company Limited at its AGM to be held on April 25, 2025 proposed a cash dividend payment of THB 0.05 per share for the year 2024. The dividend is payable to common shareholders, with the record date set for May 7, 2025, and the dividend payment will be made within May 23, 2025. Ex-dividend date is 06 May 2025. The dividend is paid from the operating period from January 1, 2024, to December 31, 2024.Reported Earnings • Feb 25Full year 2024 earnings released: EPS: ฿0.063 (vs ฿0.052 in FY 2023)Full year 2024 results: EPS: ฿0.063 (up from ฿0.052 in FY 2023). Revenue: ฿1.09b (down 7.6% from FY 2023). Net income: ฿37.1m (up 21% from FY 2023). Profit margin: 3.4% (up from 2.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 20% per year.New Risk • Nov 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (฿624.3m market cap, or US$18.0m).Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.023 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.011 (down from ฿0.023 in 2Q 2023). Revenue: ฿246.7m (down 14% from 2Q 2023). Net income: ฿6.55m (down 52% from 2Q 2023). Profit margin: 2.7% (down from 4.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.22, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total loss to shareholders of 37% over the past three years.Reported Earnings • May 15First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ฿255.3m (down 11% from 1Q 2023). Net income: ฿217.0k (up ฿5.86m from 1Q 2023). Profit margin: 0.1% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Apr 30Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 58% and the cash payout ratio is 86%. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (2.6%).공고 • Apr 27+ 1 more updateSalee Colour Public Company Limited Approves Dividend for the Year 2023, Payable on May 24, 2024Salee Colour Public Company Limited at its AGM held on April 26, 2024 approved the dividends payments and more reserve allocation of the year 2023 as well as to pay dividends of THB 0.03 per share. The record date to determine the names of shareholders who have the right to receive cash dividend payment will be on May 8, 2024. The cash dividend payment will be made on May 24, 2024.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.052 (vs ฿0.10 in FY 2022)Full year 2023 results: EPS: ฿0.052 (down from ฿0.10 in FY 2022). Revenue: ฿1.18b (down 5.1% from FY 2022). Net income: ฿30.7m (down 48% from FY 2022). Profit margin: 2.6% (down from 4.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.공고 • Feb 29Salee Colour Public Company Limited Proposes Dividend for the Year 2023, Payable Within May 24, 2024Salee Colour Public Company Limited at its board meeting held on February 28, 2024, passed a resolution to propose to the AnnualGeneral Meeting of shareholders to be held in April 26, 2024 to adopt a resolution to pay a dividend of THB 0.03 per share, to the shareholders in respect of the 2023 profit and its retained earnings. The record date to determine the names of shareholders who have the right to receive dividend will be on May 8, 2024 (Record Date) and dividend payment will be made within May 24, 2024.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.024 (vs ฿0.031 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.024 (down from ฿0.031 in 3Q 2022). Revenue: ฿290.3m (down 10.0% from 3Q 2022). Net income: ฿14.0m (down 23% from 3Q 2022). Profit margin: 4.8% (down from 5.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Aug 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Dividend is not well covered by earnings (124% payout ratio). Market cap is less than US$100m (฿848.1m market cap, or US$23.9m).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.023 (vs ฿0.025 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.023 (down from ฿0.025 in 2Q 2022). Revenue: ฿286.4m (up 1.3% from 2Q 2022). Net income: ฿13.6m (down 7.3% from 2Q 2022). Profit margin: 4.7% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • May 19First quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.024 profit in 1Q 2022)First quarter 2023 results: ฿0.01 loss per share (down from ฿0.024 profit in 1Q 2022). Revenue: ฿285.8m (down 14% from 1Q 2022). Net loss: ฿5.64m (down 140% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 26Upcoming dividend of ฿0.08 per share at 4.8% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 25 May 2023. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.1%).Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.031 (vs ฿0.025 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.031 (up from ฿0.025 in 3Q 2021). Revenue: ฿322.4m (up 7.8% from 3Q 2021). Net income: ฿18.2m (up 26% from 3Q 2021). Profit margin: 5.6% (up from 4.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman of the Board Somdhat Attanand was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.025 (vs ฿0.027 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.025 (down from ฿0.027 in 2Q 2021). Revenue: ฿282.7m (down 4.4% from 2Q 2021). Net income: ฿14.7m (down 7.4% from 2Q 2021). Profit margin: 5.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ฿1.66, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 14x in the Chemicals industry in Thailand. Total returns to shareholders of 50% over the past three years.Upcoming Dividend • Apr 28Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (4.2%).Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman of the Board Somatat Attanan was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.097 (up from ฿0.094 in FY 2020). Revenue: ฿1.18b (up 19% from FY 2020). Net income: ฿57.4m (up 3.2% from FY 2020). Profit margin: 4.9% (down from 5.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.025 (vs ฿0.023 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: ฿299.1m (up 24% from 3Q 2020). Net income: ฿14.4m (up 7.3% from 3Q 2020). Profit margin: 4.8% (down from 5.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿2.48, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total returns to shareholders of 116% over the past three years.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿2.02, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 15x in the Chemicals industry in Thailand. Total returns to shareholders of 83% over the past three years.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.62, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 17x in the Chemicals industry in Thailand. Total returns to shareholders of 170% over the past three years.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.037 (vs ฿0.025 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿276.9m (up 8.0% from 1Q 2020). Net income: ฿21.9m (up 49% from 1Q 2020). Profit margin: 7.9% (up from 5.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿1.98, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 21x in the Chemicals industry in Thailand. Total returns to shareholders of 84% over the past three years.Upcoming Dividend • Apr 30Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 07 May 2021. Payment date: 25 May 2021. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (1.8%).Is New 90 Day High Low • Feb 24New 90-day high: ฿1.46The company is up 21% from its price of ฿1.21 on 26 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period.Is New 90 Day High Low • Feb 04New 90-day high: ฿1.26The company is up 2.0% from its price of ฿1.24 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 32% over the same period.Is New 90 Day High Low • Dec 25New 90-day low: ฿1.13The company is down 10.0% from its price of ฿1.26 on 25 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 41% over the same period.Is New 90 Day High Low • Dec 04New 90-day low: ฿1.16The company is down 5.0% from its price of ฿1.22 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 25% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.023The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿241.0m (down 12% from 3Q 2019). Net income: ฿13.4m (up 79% from 3Q 2019). Profit margin: 5.6% (up from 2.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.매출 및 비용 세부 내역Salee Colour가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:COLOUR 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비30 Jun 261,06725166031 Mar 261,01017160031 Dec 251,01624160030 Sep 251,04645158030 Jun 251,11646164031 Mar 251,10447164031 Dec 241,08937164030 Sep 241,12423168030 Jun 241,10830169031 Mar 241,14837169031 Dec 231,17831171030 Sep 231,16734169030 Jun 231,20039173031 Mar 231,19640177031 Dec 221,24260178030 Sep 221,24652191030 Jun 221,22249190031 Mar 221,23550187031 Dec 211,18057184030 Sep 211,12766174030 Jun 211,06966167031 Mar 211,01063162031 Dec 2098956161030 Sep 2097948160030 Jun 201,01242162031 Mar 201,05341163031 Dec 191,05028158030 Sep 191,07721154030 Jun 191,10422149031 Mar 191,11021148031 Dec 181,13624146030 Sep 181,13531147030 Jun 181,11228147031 Mar 181,07820145031 Dec 171,06118146030 Sep 171,02912146030 Jun 1799211148031 Mar 1797016146031 Dec 1695122143030 Sep 1692324139030 Jun 1689425136031 Mar 1689732132031 Dec 1586933126030 Sep 15848241240양질의 수익: COLOUR는 고품질 수익을 보유하고 있습니다.이익 마진 증가: COLOUR의 현재 순 이익률 (2.3%)은 지난해 (4.2%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: COLOUR의 수익은 지난 5년 동안 연평균 16.8% 감소했습니다.성장 가속화: COLOUR은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: COLOUR은 지난 1년 동안 수익이 감소(-46.1%)하여 Chemicals 업계 평균(31.6%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: COLOUR의 자본 수익률(2.5%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/21 13:21종가2026/08/21 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 소스Salee Colour Public Company Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Aug 18Second quarter 2026 earnings released: EPS: ฿0.023 (vs ฿0.01 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.023 (up from ฿0.01 in 2Q 2025). Revenue: ฿315.7m (up 22% from 2Q 2025). Net income: ฿13.6m (up 126% from 2Q 2025). Profit margin: 4.3% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.007 (vs ฿0.017 in 1Q 2025)First quarter 2026 results: EPS: ฿0.007 (down from ฿0.017 in 1Q 2025). Revenue: ฿263.9m (down 2.4% from 1Q 2025). Net income: ฿3.98m (down 61% from 1Q 2025). Profit margin: 1.5% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.04 (vs ฿0.063 in FY 2024)Full year 2025 results: EPS: ฿0.04 (down from ฿0.063 in FY 2024). Revenue: ฿1.02b (down 6.7% from FY 2024). Net income: ฿17.0m (down 54% from FY 2024). Profit margin: 1.7% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 3Q 2024). Revenue: ฿236.3m (down 23% from 3Q 2024). Net income: ฿5.72m (down 23% from 3Q 2024). Profit margin: 2.4% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 2Q 2024). Revenue: ฿258.2m (up 4.6% from 2Q 2024). Net income: ฿6.04m (down 7.9% from 2Q 2024). Profit margin: 2.3% (down from 2.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0 in 1Q 2024)First quarter 2025 results: EPS: ฿0.017 (up from ฿0 in 1Q 2024). Revenue: ฿270.4m (up 5.9% from 1Q 2024). Net income: ฿10.1m (up ฿9.92m from 1Q 2024). Profit margin: 3.7% (up from 0.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year.
Reported Earnings • Aug 18Second quarter 2026 earnings released: EPS: ฿0.023 (vs ฿0.01 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.023 (up from ฿0.01 in 2Q 2025). Revenue: ฿315.7m (up 22% from 2Q 2025). Net income: ฿13.6m (up 126% from 2Q 2025). Profit margin: 4.3% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.
New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (฿583.1m market cap, or US$17.6m).
New Risk • Aug 11New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 101% Dividend yield: 3.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (101% payout ratio). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (฿589.0m market cap, or US$17.8m).
Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.007 (vs ฿0.017 in 1Q 2025)First quarter 2026 results: EPS: ฿0.007 (down from ฿0.017 in 1Q 2025). Revenue: ฿263.9m (down 2.4% from 1Q 2025). Net income: ฿3.98m (down 61% from 1Q 2025). Profit margin: 1.5% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 06 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.6%).
Declared Dividend • Feb 26Dividend reduced to ฿0.03Dividend of ฿0.03 is 40% lower than last year. Ex-date: 6th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.0%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 21% EPS decline seen over the last 5 years.
New Risk • Feb 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.4% 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 Earnings have declined by 15% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (฿594.9m market cap, or US$19.2m).
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.04 (vs ฿0.063 in FY 2024)Full year 2025 results: EPS: ฿0.04 (down from ฿0.063 in FY 2024). Revenue: ฿1.02b (down 6.7% from FY 2024). Net income: ฿17.0m (down 54% from FY 2024). Profit margin: 1.7% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
공고 • Feb 25Salee Colour Public Company Limited (SET:COLOR) announces an Equity Buyback for 50,000,000 shares, representing 8.49% for THB 70 million.Salee Colour Public Company Limited (SET:COLOR) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing 8.48% of its issued share capital, for THB 70 million. The repurchase price must not exceed 15% of the average closing share price of five business days prior to each repurchase date. The purpose of the program is to manage the efficiency of the company's liquidity and enhance the return on equity (ROE) and earning per share and company's prosperous financial and future prospective confidence. The program will run through August 31, 2026. As of March 11, 2025, the company had 588,965,082 shares in outstanding.
공고 • Feb 24+ 1 more updateSalee Colour Public Company Limited announces Annual dividend, payable on May 22, 2026Salee Colour Public Company Limited announced Annual dividend of THB 0.0300 per share payable on May 22, 2026, ex-date on May 06, 2026 and record date on May 07, 2026.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 3Q 2024). Revenue: ฿236.3m (down 23% from 3Q 2024). Net income: ฿5.72m (down 23% from 3Q 2024). Profit margin: 2.4% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.011 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.011 in 2Q 2024). Revenue: ฿258.2m (up 4.6% from 2Q 2024). Net income: ฿6.04m (down 7.9% from 2Q 2024). Profit margin: 2.3% (down from 2.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0 in 1Q 2024)First quarter 2025 results: EPS: ฿0.017 (up from ฿0 in 1Q 2024). Revenue: ฿270.4m (up 5.9% from 1Q 2024). Net income: ฿10.1m (up ฿9.92m from 1Q 2024). Profit margin: 3.7% (up from 0.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 23 May 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (3.7%).
Declared Dividend • Feb 27Dividend increased to ฿0.05Dividend of ฿0.05 is 67% higher than last year. Ex-date: 6th May 2025 Payment date: 23rd May 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • Feb 25+ 1 more updateSalee Colour Public Company Limited Proposes Cash Dividend Payment for the Period from January 1, 2024, to December 31, 2024, Payable on May 23, 2025Salee Color Public Company Limited at its AGM to be held on April 25, 2025 proposed a cash dividend payment of THB 0.05 per share for the year 2024. The dividend is payable to common shareholders, with the record date set for May 7, 2025, and the dividend payment will be made within May 23, 2025. Ex-dividend date is 06 May 2025. The dividend is paid from the operating period from January 1, 2024, to December 31, 2024.
Reported Earnings • Feb 25Full year 2024 earnings released: EPS: ฿0.063 (vs ฿0.052 in FY 2023)Full year 2024 results: EPS: ฿0.063 (up from ฿0.052 in FY 2023). Revenue: ฿1.09b (down 7.6% from FY 2023). Net income: ฿37.1m (up 21% from FY 2023). Profit margin: 3.4% (up from 2.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 20% per year.
New Risk • Nov 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (฿624.3m market cap, or US$18.0m).
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.023 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.011 (down from ฿0.023 in 2Q 2023). Revenue: ฿246.7m (down 14% from 2Q 2023). Net income: ฿6.55m (down 52% from 2Q 2023). Profit margin: 2.7% (down from 4.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.22, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total loss to shareholders of 37% over the past three years.
Reported Earnings • May 15First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ฿255.3m (down 11% from 1Q 2023). Net income: ฿217.0k (up ฿5.86m from 1Q 2023). Profit margin: 0.1% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 58% and the cash payout ratio is 86%. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (2.6%).
공고 • Apr 27+ 1 more updateSalee Colour Public Company Limited Approves Dividend for the Year 2023, Payable on May 24, 2024Salee Colour Public Company Limited at its AGM held on April 26, 2024 approved the dividends payments and more reserve allocation of the year 2023 as well as to pay dividends of THB 0.03 per share. The record date to determine the names of shareholders who have the right to receive cash dividend payment will be on May 8, 2024. The cash dividend payment will be made on May 24, 2024.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.052 (vs ฿0.10 in FY 2022)Full year 2023 results: EPS: ฿0.052 (down from ฿0.10 in FY 2022). Revenue: ฿1.18b (down 5.1% from FY 2022). Net income: ฿30.7m (down 48% from FY 2022). Profit margin: 2.6% (down from 4.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
공고 • Feb 29Salee Colour Public Company Limited Proposes Dividend for the Year 2023, Payable Within May 24, 2024Salee Colour Public Company Limited at its board meeting held on February 28, 2024, passed a resolution to propose to the AnnualGeneral Meeting of shareholders to be held in April 26, 2024 to adopt a resolution to pay a dividend of THB 0.03 per share, to the shareholders in respect of the 2023 profit and its retained earnings. The record date to determine the names of shareholders who have the right to receive dividend will be on May 8, 2024 (Record Date) and dividend payment will be made within May 24, 2024.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.024 (vs ฿0.031 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.024 (down from ฿0.031 in 3Q 2022). Revenue: ฿290.3m (down 10.0% from 3Q 2022). Net income: ฿14.0m (down 23% from 3Q 2022). Profit margin: 4.8% (down from 5.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Aug 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Dividend is not well covered by earnings (124% payout ratio). Market cap is less than US$100m (฿848.1m market cap, or US$23.9m).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.023 (vs ฿0.025 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.023 (down from ฿0.025 in 2Q 2022). Revenue: ฿286.4m (up 1.3% from 2Q 2022). Net income: ฿13.6m (down 7.3% from 2Q 2022). Profit margin: 4.7% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • May 19First quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.024 profit in 1Q 2022)First quarter 2023 results: ฿0.01 loss per share (down from ฿0.024 profit in 1Q 2022). Revenue: ฿285.8m (down 14% from 1Q 2022). Net loss: ฿5.64m (down 140% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 26Upcoming dividend of ฿0.08 per share at 4.8% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 25 May 2023. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.1%).
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.031 (vs ฿0.025 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.031 (up from ฿0.025 in 3Q 2021). Revenue: ฿322.4m (up 7.8% from 3Q 2021). Net income: ฿18.2m (up 26% from 3Q 2021). Profit margin: 5.6% (up from 4.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman of the Board Somdhat Attanand was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.025 (vs ฿0.027 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.025 (down from ฿0.027 in 2Q 2021). Revenue: ฿282.7m (down 4.4% from 2Q 2021). Net income: ฿14.7m (down 7.4% from 2Q 2021). Profit margin: 5.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ฿1.66, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 14x in the Chemicals industry in Thailand. Total returns to shareholders of 50% over the past three years.
Upcoming Dividend • Apr 28Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (4.2%).
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman of the Board Somatat Attanan was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.097 (up from ฿0.094 in FY 2020). Revenue: ฿1.18b (up 19% from FY 2020). Net income: ฿57.4m (up 3.2% from FY 2020). Profit margin: 4.9% (down from 5.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.025 (vs ฿0.023 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: ฿299.1m (up 24% from 3Q 2020). Net income: ฿14.4m (up 7.3% from 3Q 2020). Profit margin: 4.8% (down from 5.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿2.48, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total returns to shareholders of 116% over the past three years.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿2.02, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 15x in the Chemicals industry in Thailand. Total returns to shareholders of 83% over the past three years.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.62, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 17x in the Chemicals industry in Thailand. Total returns to shareholders of 170% over the past three years.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.037 (vs ฿0.025 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿276.9m (up 8.0% from 1Q 2020). Net income: ฿21.9m (up 49% from 1Q 2020). Profit margin: 7.9% (up from 5.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿1.98, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 21x in the Chemicals industry in Thailand. Total returns to shareholders of 84% over the past three years.
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 07 May 2021. Payment date: 25 May 2021. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (1.8%).
Is New 90 Day High Low • Feb 24New 90-day high: ฿1.46The company is up 21% from its price of ฿1.21 on 26 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period.
Is New 90 Day High Low • Feb 04New 90-day high: ฿1.26The company is up 2.0% from its price of ฿1.24 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 32% over the same period.
Is New 90 Day High Low • Dec 25New 90-day low: ฿1.13The company is down 10.0% from its price of ฿1.26 on 25 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 41% over the same period.
Is New 90 Day High Low • Dec 04New 90-day low: ฿1.16The company is down 5.0% from its price of ฿1.22 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 25% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.023The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿241.0m (down 12% from 3Q 2019). Net income: ฿13.4m (up 79% from 3Q 2019). Profit margin: 5.6% (up from 2.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.