View Future GrowthThai-German Products 과거 순이익 실적과거 기준 점검 0/6Thai-German Products 의 수입은 연평균 -45.3%의 비율로 감소해 온 반면, Metals and Mining 산업은 연평균 14.8%의 비율로 감소했습니다. 매출은 연평균 5.4%의 비율로 감소해 왔습니다.핵심 정보-45.28%순이익 성장률-45.30%주당순이익(EPS) 성장률Metals and Mining 산업 성장률15.45%매출 성장률-5.39%자기자본이익률-9.21%순이익률-9.93%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Mar 05Full year 2025 earnings released: ฿0.031 loss per share (vs ฿0.034 loss in FY 2024)Full year 2025 results: ฿0.031 loss per share (improved from ฿0.034 loss in FY 2024). Revenue: ฿1.37b (down 6.4% from FY 2024). Net loss: ฿146.3m (loss narrowed 9.4% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.003 loss in 3Q 2024)Third quarter 2025 results: ฿0.007 loss per share (further deteriorated from ฿0.003 loss in 3Q 2024). Revenue: ฿327.6m (down 25% from 3Q 2024). Net loss: ฿35.3m (loss widened 142% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 38% per year.Reported Earnings • Aug 16Second quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: ฿0.004 loss per share (improved from ฿0.009 loss in 2Q 2024). Revenue: ฿366.8m (up 12% from 2Q 2024). Net loss: ฿18.9m (loss narrowed 58% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.공시 • Aug 15Thai-German Products Public Company Limited to Report First Half, 2025 Results on Aug 14, 2025Thai-German Products Public Company Limited announced that they will report first half, 2025 results on Aug 14, 2025Reported Earnings • May 17First quarter 2025 earnings released: ฿0.006 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.006 loss per share (improved from ฿0.01 loss in 1Q 2024). Revenue: ฿356.9m (up 3.5% from 1Q 2024). Net loss: ฿30.0m (loss narrowed 40% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.034 loss per share (vs ฿0.058 loss in FY 2023)Full year 2024 results: ฿0.034 loss per share (improved from ฿0.058 loss in FY 2023). Revenue: ฿1.47b (down 5.9% from FY 2023). Net loss: ฿161.5m (loss narrowed 41% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updatesNew Risk • Mar 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿28m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (฿188.8m market cap, or US$5.97m).Reported Earnings • Mar 05Full year 2025 earnings released: ฿0.031 loss per share (vs ฿0.034 loss in FY 2024)Full year 2025 results: ฿0.031 loss per share (improved from ฿0.034 loss in FY 2024). Revenue: ฿1.37b (down 6.4% from FY 2024). Net loss: ฿146.3m (loss narrowed 9.4% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.공시 • Mar 02Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026, at 11:00 SE Asia Standard Time.Buy Or Sell Opportunity • Feb 23Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Feb 05Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jan 20Now 44% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿0.05. The fair value is estimated to be ฿0.035, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.003 loss in 3Q 2024)Third quarter 2025 results: ฿0.007 loss per share (further deteriorated from ฿0.003 loss in 3Q 2024). Revenue: ฿327.6m (down 25% from 3Q 2024). Net loss: ฿35.3m (loss widened 142% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 38% per year.Reported Earnings • Aug 16Second quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: ฿0.004 loss per share (improved from ฿0.009 loss in 2Q 2024). Revenue: ฿366.8m (up 12% from 2Q 2024). Net loss: ฿18.9m (loss narrowed 58% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.공시 • Aug 15Thai-German Products Public Company Limited to Report First Half, 2025 Results on Aug 14, 2025Thai-German Products Public Company Limited announced that they will report first half, 2025 results on Aug 14, 2025Reported Earnings • May 17First quarter 2025 earnings released: ฿0.006 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.006 loss per share (improved from ฿0.01 loss in 1Q 2024). Revenue: ฿356.9m (up 3.5% from 1Q 2024). Net loss: ฿30.0m (loss narrowed 40% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.034 loss per share (vs ฿0.058 loss in FY 2023)Full year 2024 results: ฿0.034 loss per share (improved from ฿0.058 loss in FY 2023). Revenue: ฿1.47b (down 5.9% from FY 2023). Net loss: ฿161.5m (loss narrowed 41% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.공시 • Mar 01Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025, at 11:00 SE Asia Standard Time.New Risk • Jan 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.52m).New Risk • Aug 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.45m).Reported Earnings • Aug 14Second quarter 2024 earnings released: ฿0.009 loss per share (vs ฿0.013 loss in 2Q 2023)Second quarter 2024 results: ฿0.009 loss per share (improved from ฿0.013 loss in 2Q 2023). Revenue: ฿329.0m (down 9.2% from 2Q 2023). Net loss: ฿44.8m (loss narrowed 30% from 2Q 2023). 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.Reported Earnings • May 17First quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.008 loss in 1Q 2023)First quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.008 loss in 1Q 2023). Revenue: ฿344.9m (down 26% from 1Q 2023). Net loss: ฿49.5m (loss widened 36% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.058 loss per share (vs ฿0.005 profit in FY 2022)Full year 2023 results: ฿0.058 loss per share (down from ฿0.005 profit in FY 2022). Revenue: ฿1.56b (down 17% from FY 2022). Net loss: ฿272.4m (down ฿295.8m 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 73 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 18Third quarter 2023 earnings released: ฿0.019 loss per share (vs ฿0.001 loss in 3Q 2022)Third quarter 2023 results: ฿0.019 loss per share (further deteriorated from ฿0.001 loss in 3Q 2022). Revenue: ฿404.6m (down 15% from 3Q 2022). Net loss: ฿87.7m (loss widened ฿83.9m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.006 profit in 2Q 2022)Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.006 profit in 2Q 2022). Revenue: ฿362.4m (down 29% from 2Q 2022). Net loss: ฿63.8m (down 333% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 19First quarter 2023 earnings released: ฿77.00 loss per share (vs ฿0.005 profit in 1Q 2022)First quarter 2023 results: ฿77.00 loss per share (down from ฿0.005 profit in 1Q 2022). Revenue: ฿467.2m (up 1.0% from 1Q 2022). Net loss: ฿36.3m (down 252% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.006 (vs ฿0.007 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.006 (down from ฿0.007 in 2Q 2021). Revenue: ฿513.5m (up 19% from 2Q 2021). Net income: ฿27.4m (down 20% from 2Q 2021). Profit margin: 5.3% (down from 8.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Mar 02Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.018 (up from ฿0.012 loss in FY 2020). Revenue: ฿1.78b (up 12% from FY 2020). Net income: ฿84.3m (up ฿142.7m from FY 2020). Profit margin: 4.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 200%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.003 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿471.5m (up 17% from 3Q 2020). Net income: ฿31.8m (up ฿44.3m from 3Q 2020). Profit margin: 6.7% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 18First quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.012 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ฿380.7m (down 3.6% from 1Q 2020). Net loss: ฿8.80m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Mar 02Full year 2020 earnings released: ฿0.012 loss per share (vs ฿0.036 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ฿1.59b (up 5.4% from FY 2019). Net loss: ฿58.4m (loss narrowed 66% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 15Third quarter 2020 earnings released: ฿0.003 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ฿403.4m (down 3.6% from 3Q 2019). Net loss: ฿12.5m (loss narrowed 74% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.매출 및 비용 세부 내역Thai-German Products가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:TGPRO 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 261,441-143277031 Dec 251,372-146277030 Sep 251,410-137276030 Jun 251,516-116278031 Mar 251,478-142274031 Dec 241,467-161275030 Sep 241,432-193278030 Jun 241,402-267275031 Mar 241,435-286267031 Dec 231,558-272265030 Sep 231,666-212254030 Jun 231,738-128260031 Mar 231,889-37270031 Dec 221,88523276030 Sep 221,94874303030 Jun 221,943110295031 Mar 221,861117286031 Dec 211,77984272030 Sep 211,68769234030 Jun 211,61925230031 Mar 211,569-9220031 Dec 201,583-58225030 Sep 201,518-123234030 Jun 201,533-158232031 Mar 201,496-205241031 Dec 191,504-172230030 Sep 191,551-125224030 Jun 191,554-75225031 Mar 191,649-24231031 Dec 181,6701235030 Sep 181,5744239030 Jun 181,6103242031 Mar 181,5724229031 Dec 171,4827229030 Sep 171,5462215030 Jun 171,47337211031 Mar 171,35753211031 Dec 161,3384218030 Sep 161,275-39209030 Jun 161,258-119197031 Mar 161,346-167197031 Dec 151,416-133186030 Sep 151,469-81205030 Jun 151,520-262060양질의 수익: TGPRO 은(는) 현재 수익성이 없습니다.이익 마진 증가: TGPRO는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: TGPRO은 수익성이 없으며 지난 5년 동안 손실이 연평균 45.3% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 TGPRO의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: TGPRO은 수익성이 없어 지난 해 수익 성장률을 Metals and Mining 업계(-9.1%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: TGPRO는 현재 수익성이 없으므로 자본 수익률이 음수(-9.21%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 14:18종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Thai-German Products Public Company Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Wikij TirawannaratBualuang Securities PCL
Reported Earnings • Mar 05Full year 2025 earnings released: ฿0.031 loss per share (vs ฿0.034 loss in FY 2024)Full year 2025 results: ฿0.031 loss per share (improved from ฿0.034 loss in FY 2024). Revenue: ฿1.37b (down 6.4% from FY 2024). Net loss: ฿146.3m (loss narrowed 9.4% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.003 loss in 3Q 2024)Third quarter 2025 results: ฿0.007 loss per share (further deteriorated from ฿0.003 loss in 3Q 2024). Revenue: ฿327.6m (down 25% from 3Q 2024). Net loss: ฿35.3m (loss widened 142% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 38% per year.
Reported Earnings • Aug 16Second quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: ฿0.004 loss per share (improved from ฿0.009 loss in 2Q 2024). Revenue: ฿366.8m (up 12% from 2Q 2024). Net loss: ฿18.9m (loss narrowed 58% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.
공시 • Aug 15Thai-German Products Public Company Limited to Report First Half, 2025 Results on Aug 14, 2025Thai-German Products Public Company Limited announced that they will report first half, 2025 results on Aug 14, 2025
Reported Earnings • May 17First quarter 2025 earnings released: ฿0.006 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.006 loss per share (improved from ฿0.01 loss in 1Q 2024). Revenue: ฿356.9m (up 3.5% from 1Q 2024). Net loss: ฿30.0m (loss narrowed 40% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.034 loss per share (vs ฿0.058 loss in FY 2023)Full year 2024 results: ฿0.034 loss per share (improved from ฿0.058 loss in FY 2023). Revenue: ฿1.47b (down 5.9% from FY 2023). Net loss: ฿161.5m (loss narrowed 41% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
New Risk • Mar 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿28m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (฿188.8m market cap, or US$5.97m).
Reported Earnings • Mar 05Full year 2025 earnings released: ฿0.031 loss per share (vs ฿0.034 loss in FY 2024)Full year 2025 results: ฿0.031 loss per share (improved from ฿0.034 loss in FY 2024). Revenue: ฿1.37b (down 6.4% from FY 2024). Net loss: ฿146.3m (loss narrowed 9.4% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings.
공시 • Mar 02Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026Thai-German Products Public Company Limited, Annual General Meeting, Apr 10, 2026, at 11:00 SE Asia Standard Time.
Buy Or Sell Opportunity • Feb 23Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Feb 05Now 38% overvaluedOver the last 90 days, the stock has fallen 17% to ฿0.05. The fair value is estimated to be ฿0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jan 20Now 44% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿0.05. The fair value is estimated to be ฿0.035, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 16Third quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.003 loss in 3Q 2024)Third quarter 2025 results: ฿0.007 loss per share (further deteriorated from ฿0.003 loss in 3Q 2024). Revenue: ฿327.6m (down 25% from 3Q 2024). Net loss: ฿35.3m (loss widened 142% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 38% per year.
Reported Earnings • Aug 16Second quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.009 loss in 2Q 2024)Second quarter 2025 results: ฿0.004 loss per share (improved from ฿0.009 loss in 2Q 2024). Revenue: ฿366.8m (up 12% from 2Q 2024). Net loss: ฿18.9m (loss narrowed 58% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.
공시 • Aug 15Thai-German Products Public Company Limited to Report First Half, 2025 Results on Aug 14, 2025Thai-German Products Public Company Limited announced that they will report first half, 2025 results on Aug 14, 2025
Reported Earnings • May 17First quarter 2025 earnings released: ฿0.006 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.006 loss per share (improved from ฿0.01 loss in 1Q 2024). Revenue: ฿356.9m (up 3.5% from 1Q 2024). Net loss: ฿30.0m (loss narrowed 40% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 04Full year 2024 earnings released: ฿0.034 loss per share (vs ฿0.058 loss in FY 2023)Full year 2024 results: ฿0.034 loss per share (improved from ฿0.058 loss in FY 2023). Revenue: ฿1.47b (down 5.9% from FY 2023). Net loss: ฿161.5m (loss narrowed 41% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
공시 • Mar 01Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025Thai-German Products Public Company Limited, Annual General Meeting, Apr 11, 2025, at 11:00 SE Asia Standard Time.
New Risk • Jan 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.52m).
New Risk • Aug 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿330.4m (US$9.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (฿330.4m market cap, or US$9.45m).
Reported Earnings • Aug 14Second quarter 2024 earnings released: ฿0.009 loss per share (vs ฿0.013 loss in 2Q 2023)Second quarter 2024 results: ฿0.009 loss per share (improved from ฿0.013 loss in 2Q 2023). Revenue: ฿329.0m (down 9.2% from 2Q 2023). Net loss: ฿44.8m (loss narrowed 30% from 2Q 2023). 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.
Reported Earnings • May 17First quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.008 loss in 1Q 2023)First quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.008 loss in 1Q 2023). Revenue: ฿344.9m (down 26% from 1Q 2023). Net loss: ฿49.5m (loss widened 36% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.058 loss per share (vs ฿0.005 profit in FY 2022)Full year 2023 results: ฿0.058 loss per share (down from ฿0.005 profit in FY 2022). Revenue: ฿1.56b (down 17% from FY 2022). Net loss: ฿272.4m (down ฿295.8m 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 73 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 18Third quarter 2023 earnings released: ฿0.019 loss per share (vs ฿0.001 loss in 3Q 2022)Third quarter 2023 results: ฿0.019 loss per share (further deteriorated from ฿0.001 loss in 3Q 2022). Revenue: ฿404.6m (down 15% from 3Q 2022). Net loss: ฿87.7m (loss widened ฿83.9m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.006 profit in 2Q 2022)Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.006 profit in 2Q 2022). Revenue: ฿362.4m (down 29% from 2Q 2022). Net loss: ฿63.8m (down 333% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 19First quarter 2023 earnings released: ฿77.00 loss per share (vs ฿0.005 profit in 1Q 2022)First quarter 2023 results: ฿77.00 loss per share (down from ฿0.005 profit in 1Q 2022). Revenue: ฿467.2m (up 1.0% from 1Q 2022). Net loss: ฿36.3m (down 252% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.006 (vs ฿0.007 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.006 (down from ฿0.007 in 2Q 2021). Revenue: ฿513.5m (up 19% from 2Q 2021). Net income: ฿27.4m (down 20% from 2Q 2021). Profit margin: 5.3% (down from 8.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Narongchai Akrasanee was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 02Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.018 (up from ฿0.012 loss in FY 2020). Revenue: ฿1.78b (up 12% from FY 2020). Net income: ฿84.3m (up ฿142.7m from FY 2020). Profit margin: 4.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 200%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.003 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿471.5m (up 17% from 3Q 2020). Net income: ฿31.8m (up ฿44.3m from 3Q 2020). Profit margin: 6.7% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 18First quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.012 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ฿380.7m (down 3.6% from 1Q 2020). Net loss: ฿8.80m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 02Full year 2020 earnings released: ฿0.012 loss per share (vs ฿0.036 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ฿1.59b (up 5.4% from FY 2019). Net loss: ฿58.4m (loss narrowed 66% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 15Third quarter 2020 earnings released: ฿0.003 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ฿403.4m (down 3.6% from 3Q 2019). Net loss: ฿12.5m (loss narrowed 74% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.