Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿0.20 (vs ฿0.16 in FY 2024) Full year 2025 results: EPS: ฿0.20 (up from ฿0.16 in FY 2024). Revenue: ฿2.20b (up 4.9% from FY 2024). Net income: ฿142.2m (up 21% from FY 2024). Profit margin: 6.5% (up from 5.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 01
Dividend increased to ฿0.04 Dividend of ฿0.04 is 18% higher than last year. Ex-date: 12th March 2026 Payment date: 22nd May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 80% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.2% EPS decline seen over the last 5 years. 공지 • Feb 27
Siam Technic Concrete Public Company Limited announces Annual dividend, payable on May 22, 2026 Siam Technic Concrete Public Company Limited announced Annual dividend of THB 0.0400 per share payable on May 22, 2026, ex-date on March 12, 2026 and record date on March 13, 2026. 공지 • Feb 26
Siam Technic Concrete Public Company Limited, Annual General Meeting, Apr 24, 2026 Siam Technic Concrete Public Company Limited, Annual General Meeting, Apr 24, 2026, at 13:30 SE Asia Standard Time. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ฿0.027 (vs ฿0.046 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.027 (down from ฿0.046 in 3Q 2024). Revenue: ฿466.5m (down 15% from 3Q 2024). Net income: ฿19.7m (down 41% from 3Q 2024). Profit margin: 4.2% (down from 6.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.038 (vs ฿0.043 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.038 (down from ฿0.043 in 2Q 2024). Revenue: ฿545.0m (up 8.6% from 2Q 2024). Net income: ฿27.6m (down 12% from 2Q 2024). Profit margin: 5.1% (down from 6.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.048 in 1Q 2024) First quarter 2025 results: EPS: ฿0.10 (up from ฿0.048 in 1Q 2024). Revenue: ฿663.6m (up 21% from 1Q 2024). Net income: ฿73.1m (up 109% from 1Q 2024). Profit margin: 11% (up from 6.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 06
Upcoming dividend of ฿0.034 per share Eligible shareholders must have bought the stock before 13 March 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (5.3%). Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: ฿0.16 (vs ฿0.18 in FY 2023) Full year 2024 results: EPS: ฿0.16 (down from ฿0.18 in FY 2023). Revenue: ฿2.10b (up 4.8% from FY 2023). Net income: ฿117.3m (down 7.9% from FY 2023). Profit margin: 5.6% (down from 6.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ฿0.043 (vs ฿0.055 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.043 (down from ฿0.055 in 2Q 2023). Revenue: ฿501.9m (down 4.0% from 2Q 2023). Net income: ฿31.2m (down 21% from 2Q 2023). Profit margin: 6.2% (down from 7.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.048 (vs ฿0.033 in 1Q 2023) First quarter 2024 results: EPS: ฿0.048 (up from ฿0.033 in 1Q 2023). Revenue: ฿547.7m (up 22% from 1Q 2023). Net income: ฿35.0m (up 45% from 1Q 2023). Profit margin: 6.4% (up from 5.4% in 1Q 2023). The increase in margin was driven by higher revenue. 공지 • Apr 27
Siam Technic Concrete Public Company Limited Approves Omission of Dividend Siam Technic Concrete Public Company Limited announced at annual general meeting held on April 25, 2024, the shareholders approved omission of dividends payment. 공지 • Feb 29
Siam Technic Concrete Public Company Limited Announces CFO Changes The Meeting of the Board of Directors of Siam Technic Concrete Public Company Limited held on February 27, 2024 has the resolution to appoint Miss Nida Dhangwattanotai, Deputy Managing Director Accounting & Financial who will act as the Chief Financial Officer in place of Mr. Monthon Jaruvanaporn, who vacated the position due to retirement effective from 1 March 2024. In this regard, the company has considered appointing Mr. Monthon Jaruvanaporn being an advisor to the company in accounting and financial In order to continue working continuously. 공지 • Feb 28
Siam Technic Concrete Public Company Limited, Annual General Meeting, Apr 25, 2024 Siam Technic Concrete Public Company Limited, Annual General Meeting, Apr 25, 2024, at 13:30 SE Asia Standard Time. Agenda: To acknowledge of the Company's performance of the year 2023 for the year ended 31 December 2023; to consider and approve the audited consolidated financial statements for the year ended 31 December 2023; to consider and approve the appropriation of profit as legal reserve and omission payment of dividend derived from operating results for the year ended 31 December 2023; to consider and approve the appointment of auditors, and their remuneration for the year 2024; to consider and approve the appointment of directors replacing those retired by rotation; to consider and approve the director's remuneration for the year 2024; and to acknowledge the change in purpose of using the Company's increased capital. New Risk • Feb 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 (18% operating cash flow to total debt). High level of non-cash earnings (23% accrual ratio). Minor Risk Market cap is less than US$100m (฿1.23b market cap, or US$34.2m). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: ฿0.18 (vs ฿0.14 in FY 2022) Full year 2023 results: EPS: ฿0.18 (up from ฿0.14 in FY 2022). Revenue: ฿2.00b (down 5.8% from FY 2022). Net income: ฿127.4m (up 27% from FY 2022). Profit margin: 6.4% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.042 (vs ฿0.013 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.042 (up from ฿0.013 in 3Q 2022). Revenue: ฿493.2m (up 12% from 3Q 2022). Net income: ฿30.5m (up 234% from 3Q 2022). Profit margin: 6.2% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 0.6% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (฿1.46b market cap, or US$41.4m). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ฿0.055 (vs ฿0.065 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.055 (down from ฿0.065 in 2Q 2022). Revenue: ฿523.3m (down 22% from 2Q 2022). Net income: ฿39.6m (down 16% from 2Q 2022). Profit margin: 7.6% (up from 7.0% in 2Q 2022). The increase in margin was driven by lower expenses. 공지 • May 09
Siam Technic Concrete Public Company Limited Appoints Weidt Nuchjalearn as Member of the Audit Committee Siam Technic Concrete Public Company Limited announced appointment of Mr. Weidt Nuchjalearn as Member of the audit committee, effective from April 28, 2023. The audit committee is consisted of: Chairman of the audit committee Mr. Than Siripokee; Member of the audit committee of Mr. Weidt Nuchjalearn; Member of the audit committee of Mr.Sukhun Prommayon. Upcoming Dividend • Mar 07
Upcoming dividend of ฿0.026 per share at 1.3% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 19 May 2023. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (3.2%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.013 (vs ฿0.06 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.013 (down from ฿0.06 in 3Q 2021). Revenue: ฿441.4m (up 1.8% from 3Q 2021). Net income: ฿9.15m (down 78% from 3Q 2021). Profit margin: 2.1% (down from 9.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There 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. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). CEO & Vice Chairman Watchai Mongkolsrisawad was the last director to join the board, commencing their role in 2021. 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 • Nov 13
Third quarter 2022 earnings released: EPS: ฿0.013 (vs ฿0.06 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.013 (down from ฿0.06 in 3Q 2021). Revenue: ฿441.5m (up 1.9% from 3Q 2021). Net income: ฿9.15m (down 78% from 3Q 2021). Profit margin: 2.1% (down from 9.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: ฿0.065 (vs ฿0.04 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.065 (up from ฿0.04 in 2Q 2021). Net income: ฿47.4m (up 127% from 2Q 2021). Reported Earnings • May 15
First quarter 2022 earnings released: EPS: ฿0.032 (vs ฿0.063 in 1Q 2021) First quarter 2022 results: EPS: ฿0.032 (down from ฿0.063 in 1Q 2021). Revenue: ฿512.7m (up 29% from 1Q 2021). Net income: ฿23.0m (down 30% from 1Q 2021). Profit margin: 4.5% (down from 8.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.15 (down from ฿0.27 in FY 2020). Revenue: ฿1.54b (flat on FY 2020). Net income: ฿94.6m (down 33% from FY 2020). Profit margin: 6.1% (down from 9.1% in FY 2020). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 17% share price gain to ฿3.06, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 18x in the Basic Materials industry in Thailand. Reported Earnings • Jul 27
First quarter 2021 earnings released: EPS ฿0.063 (vs ฿0.059 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿397.7m (down 3.6% from 1Q 2020). Net income: ฿32.9m (up 6.2% from 1Q 2020). Profit margin: 8.3% (up from 7.5% in 1Q 2020). The increase in margin was driven by lower expenses.