View DividendThai Poly Acrylic 경영진경영진 기준 점검 1/4현재 CEO에 대한 정보가 충분하지 않습니다.핵심 정보 최고경영자n/a총 보수CEO 급여 비율n/aCEO 재임 기간no dataCEO 지분 보유율n/a경영진 평균 재임 기간2.1yrs이사회 평균 재임 기간2.3yrs최근 경영진 업데이트Board Change • Apr 24Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ritima Jirasuradate was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Feb 27Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.공시 • Feb 28Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.공시 • Feb 20Thai Poly Acrylic Public Company Limited Announces the Resignation of Shinya Yano as DirectorThai Poly Acrylic Public Company Limited announced the resignation of Mr. SHINYA YANO as DIRECTOR. Resigned from position /the company due to change management responsibility within group of companies. Date of board resolution for change of director /executive 20 February 2025.공시 • May 11Thai Poly Acrylic Public Company Limited Announces Board and Committee ChangesThai Poly Acrylic Public Company Limited announced at the board meeting held on May 9, 2024, approved resignation of Mr. Jetsada Wongwatanasin from the positions of the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee due to his personal reason. Such resignation shall be effective from May 8, 2024 onwards. Approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee, in replacement of Mr. Jetsada Wongwatanasin. Such appointment shall be effective from May 9, 2024 onwards and the appointed director shall only be in office for the remaining term of Mr. Jetsada Wongwatanasin.공시 • May 10Thai Poly Acrylic Public Company Limited Approves the Appointment of Kajornkiet Aroonpirodjanakul as Member of the Audit CommitteeThai Poly Acrylic Public Company Limited at the Board of Directors meeting held on 9 May 2024, approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as Member of the audit committee. The appointment shall take an effect as of 9 May 2024. The audit committee is consisted of: Chairman of the audit committee Dr. Anuphan Kitnitchiva - remaining term in office 1 year(s); Member of the audit committee Mr. Jan Dam Pedersen - remaining term in office 3 year(s); Member of the audit committee Mr. Kajornkiet Aroonpirodjanakul - remaining term in office 2 year(s) and Secretary of the audit committee - Miss Phen Phenprucksaku.모든 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.023 (vs ฿0.031 loss in 1Q 2025)First quarter 2026 results: EPS: ฿0.023 (up from ฿0.031 loss in 1Q 2025). Revenue: ฿120.9m (down 35% from 1Q 2025). Net income: ฿2.82m (up ฿6.55m from 1Q 2025). Profit margin: 2.3% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.New Risk • Apr 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (฿294.0m market cap, or US$9.07m).Board Change • Apr 24Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ritima Jirasuradate was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.11 loss per share (vs ฿0.18 loss in FY 2024)Full year 2025 results: ฿0.11 loss per share (improved from ฿0.18 loss in FY 2024). Revenue: ฿641.7m (down 19% from FY 2024). Net loss: ฿14.0m (loss narrowed 38% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.공시 • Feb 27Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.004 (up from ฿0.14 loss in 3Q 2024). Revenue: ฿149.5m (down 17% from 3Q 2024). Net income: ฿531.7k (up ฿17.4m from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.New Risk • Oct 14New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿323.2m (US$9.85m) 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 (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (฿323.2m market cap, or US$9.85m).Reported Earnings • Aug 08Second quarter 2025 earnings released: ฿0.094 loss per share (vs ฿0.002 loss in 2Q 2024)Second quarter 2025 results: ฿0.094 loss per share (further deteriorated from ฿0.002 loss in 2Q 2024). Revenue: ฿160.4m (down 26% from 2Q 2024). Net loss: ฿11.4m (loss widened ฿11.1m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 23% per year.Reported Earnings • May 09First quarter 2025 earnings released: ฿0.031 loss per share (vs ฿0.028 profit in 1Q 2024)First quarter 2025 results: ฿0.031 loss per share (down from ฿0.028 profit in 1Q 2024). Revenue: ฿188.3m (down 11% from 1Q 2024). Net loss: ฿3.73m (down 211% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.공시 • Apr 24+ 1 more updateThai Poly Acrylic Public Company Limited Approves Omission of Dividend for the Year Ended December 31, 2024Thai Poly Acrylic Public Company Limited at its AGM held on April 23, 2025 approved the omission of profit allocation as a statutory reserve and the omission of dividend payment due to the Company's remaining retained earnings as of December 31, 2024 was THB 3,563,602.New Risk • Mar 31New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿320.8m (US$9.46m) 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 (16% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 18x cash flows per share. Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (฿320.8m market cap, or US$9.46m).공시 • Mar 01+ 1 more updateThai Poly Acrylic Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January, 2024 to 31 December, 2024Thai Poly Acrylic Public Company Limited at the SBM held on February 27, 2025, the board has proposed to the AGM to be held on 23 April, 2025, for the omission of dividend for the Operating period from 01 January, 2024 to 31 December, 2024.Reported Earnings • Feb 28Full year 2024 earnings released: ฿0.19 loss per share (vs ฿0.098 profit in FY 2023)Full year 2024 results: ฿0.19 loss per share (down from ฿0.098 profit in FY 2023). Revenue: ฿804.9m (up 1.4% from FY 2023). Net loss: ฿22.5m (down 289% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.공시 • Feb 28Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.공시 • Feb 20Thai Poly Acrylic Public Company Limited Announces the Resignation of Shinya Yano as DirectorThai Poly Acrylic Public Company Limited announced the resignation of Mr. SHINYA YANO as DIRECTOR. Resigned from position /the company due to change management responsibility within group of companies. Date of board resolution for change of director /executive 20 February 2025.Buy Or Sell Opportunity • Feb 12Now 20% overvaluedOver the last 90 days, the stock has fallen 17% to ฿3.54. The fair value is estimated to be ฿2.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jan 23Now 38% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿4.30. The fair value is estimated to be ฿3.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jan 03Now 28% overvaluedOver the last 90 days, the stock has fallen 9.5% to ฿3.98. The fair value is estimated to be ฿3.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Dec 16Now 24% overvaluedOver the last 90 days, the stock has fallen 6.3% to ฿3.90. The fair value is estimated to be ฿3.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Nov 28Now 24% overvaluedOver the last 90 days, the stock has fallen 7.6% to ฿3.88. The fair value is estimated to be ฿3.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.New Risk • Nov 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 309% Cash payout ratio: 174% Minor Risk Market cap is less than US$100m (฿493.3m market cap, or US$14.4m).New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 312% Cash payout ratio: 174% Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿425.3m market cap, or US$12.1m).Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.002 loss per share (vs ฿0.046 profit in 2Q 2023)Second quarter 2024 results: ฿0.002 loss per share (down from ฿0.046 profit in 2Q 2023). Revenue: ฿218.6m (up 12% from 2Q 2023). Net loss: ฿289.2k (down 105% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Reported Earnings • May 11First quarter 2024 earnings released: EPS: ฿0.028 (vs ฿0.003 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.028 (up from ฿0.003 loss in 1Q 2023). Revenue: ฿214.6m (up 23% from 1Q 2023). Net income: ฿3.36m (up ฿3.71m from 1Q 2023). Profit margin: 1.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.공시 • May 11Thai Poly Acrylic Public Company Limited Announces Board and Committee ChangesThai Poly Acrylic Public Company Limited announced at the board meeting held on May 9, 2024, approved resignation of Mr. Jetsada Wongwatanasin from the positions of the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee due to his personal reason. Such resignation shall be effective from May 8, 2024 onwards. Approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee, in replacement of Mr. Jetsada Wongwatanasin. Such appointment shall be effective from May 9, 2024 onwards and the appointed director shall only be in office for the remaining term of Mr. Jetsada Wongwatanasin.공시 • May 10Thai Poly Acrylic Public Company Limited Approves the Appointment of Kajornkiet Aroonpirodjanakul as Member of the Audit CommitteeThai Poly Acrylic Public Company Limited at the Board of Directors meeting held on 9 May 2024, approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as Member of the audit committee. The appointment shall take an effect as of 9 May 2024. The audit committee is consisted of: Chairman of the audit committee Dr. Anuphan Kitnitchiva - remaining term in office 1 year(s); Member of the audit committee Mr. Jan Dam Pedersen - remaining term in office 3 year(s); Member of the audit committee Mr. Kajornkiet Aroonpirodjanakul - remaining term in office 2 year(s) and Secretary of the audit committee - Miss Phen Phenprucksaku.Upcoming Dividend • Apr 30Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 21 May 2024. Trailing yield: 5.7%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.6%).공시 • Apr 26Thai Poly Acrylic Public Company Limited Approves Dividend for the Year 2023, Payable on May 21, 2024Thai Poly Acrylic Public Company Limited announced that at its AGM held on April 24, 2024, approved the dividend payment for the company's operating performance for the year 2023, at the rate of THB 0.25 per share, for 121,500,000 shares, totaling THB 30,375,000 from the retained earnings, which subject to corporate income tax at the rate of 20%. Thus, the individual shareholders would be entitled to claim tax credit in respect of the payment of such dividend under Section 47 bis of the Revenue Code. The date of determination of the list of shareholders who are entitled to dividends, the record date, would be May 8, 2024 and the dividend payment would be made on May 21, 2024.Reported Earnings • Feb 24Full year 2023 earnings released: EPS: ฿0.10 (vs ฿0.17 loss in FY 2022)Full year 2023 results: EPS: ฿0.10 (up from ฿0.17 loss in FY 2022). Revenue: ฿800.5m (up 5.5% from FY 2022). Net income: ฿11.9m (up ฿32.4m from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 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.공시 • Feb 23+ 1 more updateThai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 22, 2024Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Location: Eastin Grand Hotel Sathorn Function room, 12th floor 33/1 South Sathon Road Yannawa, Sathorn Bangkok Thailand Agenda: To adopt the Minutes of the 39th Annual General Meeting of Shareholders held on April 20, 2023; to acknowledge the Company's business performance for the year 2023; to To consider and approve the audited financial statements for the fiscal year ended December 31, 2023; to consider and approve the dividend payment for the Company's business performance for the year 2023; to consider and approve the appointment of the external auditors and to determine of the audit remuneration for the year 2024; to consider and approve the election of directors in replacement of directors retiring by rotation for the year 2024; and to consider other business matters.New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 116% Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿498.2m market cap, or US$13.8m).Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.11 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.03 (up from ฿0.11 loss in 3Q 2022). Revenue: ฿207.7m (up 23% from 3Q 2022). Net income: ฿3.90m (up ฿17.1m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.034 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.05 (up from ฿0.034 loss in 2Q 2022). Revenue: ฿197.6m (up 2.0% from 2Q 2022). Net income: ฿5.55m (up ฿9.67m from 2Q 2022). Profit margin: 2.8% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.Board Change • Nov 17Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Jetsada Wongwatanasin was the last independent director to join the board, commencing their role in 2019. 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 13Second quarter 2022 earnings released: ฿0.03 loss per share (vs ฿0.052 profit in 2Q 2021)Second quarter 2022 results: ฿0.03 loss per share (down from ฿0.052 profit in 2Q 2021). Revenue: ฿197.2m (down 13% from 2Q 2021). Net loss: ฿4.13m (down 165% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jetsada Wongwatanasin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.15 (down from ฿0.48 in FY 2020). Revenue: ฿909.8m (down 2.3% from FY 2020). Net income: ฿18.2m (down 69% from FY 2020). Profit margin: 2.0% (down from 6.2% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 15Third quarter 2021 earnings released: ฿0.01 loss per share (vs ฿0.15 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿204.2m (down 24% from 3Q 2020). Net loss: ฿1.75m (down 109% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.12 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿246.3m (up 25% from 1Q 2020). Net income: ฿11.7m (down 19% from 1Q 2020). Profit margin: 4.7% (down from 7.3% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 28Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 05 May 2021. Payment date: 20 May 2021. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.9%).Reported Earnings • Feb 21Full year 2020 earnings released: EPS ฿0.48 (vs ฿0.27 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿930.8m (flat on FY 2019). Net income: ฿57.9m (up 75% from FY 2019). Profit margin: 6.2% (up from 3.5% in FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 20New 90-day high: ฿6.15The company is up 15% from its price of ฿5.35 on 20 November 2020. The Thai market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 20% over the same period.Is New 90 Day High Low • Jan 07New 90-day high: ฿5.55The company is up 10.0% from its price of ฿5.05 on 09 October 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 40% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.15The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿269.7m (up 20% from 3Q 2019). Net income: ฿18.6m (up 43% from 3Q 2019). Profit margin: 6.9% (up from 5.8% in 3Q 2019). The increase in margin was driven by higher revenue. 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 13% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Nov 02New 90-day low: ฿4.98The company is down 4.0% from its price of ฿5.20 on 04 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 10.0% over the same period.CEOThai Poly Acrylic에는 CEO가 없거나 해당 데이터가 없습니다.리더십 팀이름직위재임 기간보수지분Surajin TappanchaiMD & Executive Director2.6yrs데이터 없음데이터 없음Eiji MatsumuraExecutive Director1.4yrs데이터 없음데이터 없음Natthakarn BoonyaratsriAccountant & Finance3.6yrs데이터 없음데이터 없음Peeranut ChantaramananthOperations Manage1.7yrs데이터 없음데이터 없음Thanawat KulprasertratHuman Resources & Legal Managerno data데이터 없음0.017% THB 55.8kPongsun AssavasirijindaSales & Product Managerno data데이터 없음데이터 없음Surawadee LeethaweekulCompany Secretary4.2yrs데이터 없음데이터 없음Kanranat KlinmaleeCompany Secretaryless than a year데이터 없음데이터 없음더 보기2.1yrs평균 재임 기간54.5yo평균 나이경험이 풍부한 관리: TPA의 경영진은 경험이 있음으로 간주됩니다(평균 재임 2.1 년).이사회 구성원이름직위재임 기간보수지분Surajin TappanchaiMD & Executive Director2.6yrs데이터 없음데이터 없음Eiji MatsumuraExecutive Director1.4yrs데이터 없음데이터 없음Jan PedersenIndependent Director11.2yrs฿659.00k데이터 없음Ritima JirasuradateIndependent Director1.2yrs฿80.00k데이터 없음Dai OyamaNon-Executive Director7.2yrs데이터 없음데이터 없음Kresten ValdalNon-Executive Director3.6yrs데이터 없음데이터 없음Kajornkiet AroonpirodjanakulIndependent Director2.1yrs฿454.76k데이터 없음Peter BoageyChairmanless than a year데이터 없음데이터 없음더 보기2.3yrs평균 재임 기간61yo평균 나이경험이 풍부한 이사회: TPA의 이사회는 경험이 부족한 것으로 간주됩니다(평균 재임 2.3 년) — 신규 이사회일 가능성이 있습니다.View Ownership기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/09 07:16종가2026/06/09 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 Poly Acrylic 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.
Board Change • Apr 24Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ritima Jirasuradate was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Feb 27Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.
공시 • Feb 28Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.
공시 • Feb 20Thai Poly Acrylic Public Company Limited Announces the Resignation of Shinya Yano as DirectorThai Poly Acrylic Public Company Limited announced the resignation of Mr. SHINYA YANO as DIRECTOR. Resigned from position /the company due to change management responsibility within group of companies. Date of board resolution for change of director /executive 20 February 2025.
공시 • May 11Thai Poly Acrylic Public Company Limited Announces Board and Committee ChangesThai Poly Acrylic Public Company Limited announced at the board meeting held on May 9, 2024, approved resignation of Mr. Jetsada Wongwatanasin from the positions of the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee due to his personal reason. Such resignation shall be effective from May 8, 2024 onwards. Approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee, in replacement of Mr. Jetsada Wongwatanasin. Such appointment shall be effective from May 9, 2024 onwards and the appointed director shall only be in office for the remaining term of Mr. Jetsada Wongwatanasin.
공시 • May 10Thai Poly Acrylic Public Company Limited Approves the Appointment of Kajornkiet Aroonpirodjanakul as Member of the Audit CommitteeThai Poly Acrylic Public Company Limited at the Board of Directors meeting held on 9 May 2024, approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as Member of the audit committee. The appointment shall take an effect as of 9 May 2024. The audit committee is consisted of: Chairman of the audit committee Dr. Anuphan Kitnitchiva - remaining term in office 1 year(s); Member of the audit committee Mr. Jan Dam Pedersen - remaining term in office 3 year(s); Member of the audit committee Mr. Kajornkiet Aroonpirodjanakul - remaining term in office 2 year(s) and Secretary of the audit committee - Miss Phen Phenprucksaku.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.023 (vs ฿0.031 loss in 1Q 2025)First quarter 2026 results: EPS: ฿0.023 (up from ฿0.031 loss in 1Q 2025). Revenue: ฿120.9m (down 35% from 1Q 2025). Net income: ฿2.82m (up ฿6.55m from 1Q 2025). Profit margin: 2.3% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
New Risk • Apr 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (฿294.0m market cap, or US$9.07m).
Board Change • Apr 24Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ritima Jirasuradate was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Mar 01Full year 2025 earnings released: ฿0.11 loss per share (vs ฿0.18 loss in FY 2024)Full year 2025 results: ฿0.11 loss per share (improved from ฿0.18 loss in FY 2024). Revenue: ฿641.7m (down 19% from FY 2024). Net loss: ฿14.0m (loss narrowed 38% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
공시 • Feb 27Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.004 (up from ฿0.14 loss in 3Q 2024). Revenue: ฿149.5m (down 17% from 3Q 2024). Net income: ฿531.7k (up ฿17.4m from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
New Risk • Oct 14New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿323.2m (US$9.85m) 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 (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (฿323.2m market cap, or US$9.85m).
Reported Earnings • Aug 08Second quarter 2025 earnings released: ฿0.094 loss per share (vs ฿0.002 loss in 2Q 2024)Second quarter 2025 results: ฿0.094 loss per share (further deteriorated from ฿0.002 loss in 2Q 2024). Revenue: ฿160.4m (down 26% from 2Q 2024). Net loss: ฿11.4m (loss widened ฿11.1m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 23% per year.
Reported Earnings • May 09First quarter 2025 earnings released: ฿0.031 loss per share (vs ฿0.028 profit in 1Q 2024)First quarter 2025 results: ฿0.031 loss per share (down from ฿0.028 profit in 1Q 2024). Revenue: ฿188.3m (down 11% from 1Q 2024). Net loss: ฿3.73m (down 211% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
공시 • Apr 24+ 1 more updateThai Poly Acrylic Public Company Limited Approves Omission of Dividend for the Year Ended December 31, 2024Thai Poly Acrylic Public Company Limited at its AGM held on April 23, 2025 approved the omission of profit allocation as a statutory reserve and the omission of dividend payment due to the Company's remaining retained earnings as of December 31, 2024 was THB 3,563,602.
New Risk • Mar 31New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿320.8m (US$9.46m) 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 (16% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 18x cash flows per share. Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (฿320.8m market cap, or US$9.46m).
공시 • Mar 01+ 1 more updateThai Poly Acrylic Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January, 2024 to 31 December, 2024Thai Poly Acrylic Public Company Limited at the SBM held on February 27, 2025, the board has proposed to the AGM to be held on 23 April, 2025, for the omission of dividend for the Operating period from 01 January, 2024 to 31 December, 2024.
Reported Earnings • Feb 28Full year 2024 earnings released: ฿0.19 loss per share (vs ฿0.098 profit in FY 2023)Full year 2024 results: ฿0.19 loss per share (down from ฿0.098 profit in FY 2023). Revenue: ฿804.9m (up 1.4% from FY 2023). Net loss: ฿22.5m (down 289% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
공시 • Feb 28Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.
공시 • Feb 20Thai Poly Acrylic Public Company Limited Announces the Resignation of Shinya Yano as DirectorThai Poly Acrylic Public Company Limited announced the resignation of Mr. SHINYA YANO as DIRECTOR. Resigned from position /the company due to change management responsibility within group of companies. Date of board resolution for change of director /executive 20 February 2025.
Buy Or Sell Opportunity • Feb 12Now 20% overvaluedOver the last 90 days, the stock has fallen 17% to ฿3.54. The fair value is estimated to be ฿2.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jan 23Now 38% overvaluedThe stock has been flat over the last 90 days, currently trading at ฿4.30. The fair value is estimated to be ฿3.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jan 03Now 28% overvaluedOver the last 90 days, the stock has fallen 9.5% to ฿3.98. The fair value is estimated to be ฿3.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Dec 16Now 24% overvaluedOver the last 90 days, the stock has fallen 6.3% to ฿3.90. The fair value is estimated to be ฿3.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Nov 28Now 24% overvaluedOver the last 90 days, the stock has fallen 7.6% to ฿3.88. The fair value is estimated to be ฿3.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Nov 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 309% Cash payout ratio: 174% Minor Risk Market cap is less than US$100m (฿493.3m market cap, or US$14.4m).
New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 312% Cash payout ratio: 174% Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿425.3m market cap, or US$12.1m).
Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.002 loss per share (vs ฿0.046 profit in 2Q 2023)Second quarter 2024 results: ฿0.002 loss per share (down from ฿0.046 profit in 2Q 2023). Revenue: ฿218.6m (up 12% from 2Q 2023). Net loss: ฿289.2k (down 105% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 11First quarter 2024 earnings released: EPS: ฿0.028 (vs ฿0.003 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.028 (up from ฿0.003 loss in 1Q 2023). Revenue: ฿214.6m (up 23% from 1Q 2023). Net income: ฿3.36m (up ฿3.71m from 1Q 2023). Profit margin: 1.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
공시 • May 11Thai Poly Acrylic Public Company Limited Announces Board and Committee ChangesThai Poly Acrylic Public Company Limited announced at the board meeting held on May 9, 2024, approved resignation of Mr. Jetsada Wongwatanasin from the positions of the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee due to his personal reason. Such resignation shall be effective from May 8, 2024 onwards. Approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as the Company's Independent Director, Member of Audit Committee, and Member of the Nomination and Remuneration Committee, in replacement of Mr. Jetsada Wongwatanasin. Such appointment shall be effective from May 9, 2024 onwards and the appointed director shall only be in office for the remaining term of Mr. Jetsada Wongwatanasin.
공시 • May 10Thai Poly Acrylic Public Company Limited Approves the Appointment of Kajornkiet Aroonpirodjanakul as Member of the Audit CommitteeThai Poly Acrylic Public Company Limited at the Board of Directors meeting held on 9 May 2024, approved the appointment of Mr. Kajornkiet Aroonpirodjanakul as Member of the audit committee. The appointment shall take an effect as of 9 May 2024. The audit committee is consisted of: Chairman of the audit committee Dr. Anuphan Kitnitchiva - remaining term in office 1 year(s); Member of the audit committee Mr. Jan Dam Pedersen - remaining term in office 3 year(s); Member of the audit committee Mr. Kajornkiet Aroonpirodjanakul - remaining term in office 2 year(s) and Secretary of the audit committee - Miss Phen Phenprucksaku.
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 21 May 2024. Trailing yield: 5.7%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.6%).
공시 • Apr 26Thai Poly Acrylic Public Company Limited Approves Dividend for the Year 2023, Payable on May 21, 2024Thai Poly Acrylic Public Company Limited announced that at its AGM held on April 24, 2024, approved the dividend payment for the company's operating performance for the year 2023, at the rate of THB 0.25 per share, for 121,500,000 shares, totaling THB 30,375,000 from the retained earnings, which subject to corporate income tax at the rate of 20%. Thus, the individual shareholders would be entitled to claim tax credit in respect of the payment of such dividend under Section 47 bis of the Revenue Code. The date of determination of the list of shareholders who are entitled to dividends, the record date, would be May 8, 2024 and the dividend payment would be made on May 21, 2024.
Reported Earnings • Feb 24Full year 2023 earnings released: EPS: ฿0.10 (vs ฿0.17 loss in FY 2022)Full year 2023 results: EPS: ฿0.10 (up from ฿0.17 loss in FY 2022). Revenue: ฿800.5m (up 5.5% from FY 2022). Net income: ฿11.9m (up ฿32.4m from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 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.
공시 • Feb 23+ 1 more updateThai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 22, 2024Thai Poly Acrylic Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Location: Eastin Grand Hotel Sathorn Function room, 12th floor 33/1 South Sathon Road Yannawa, Sathorn Bangkok Thailand Agenda: To adopt the Minutes of the 39th Annual General Meeting of Shareholders held on April 20, 2023; to acknowledge the Company's business performance for the year 2023; to To consider and approve the audited financial statements for the fiscal year ended December 31, 2023; to consider and approve the dividend payment for the Company's business performance for the year 2023; to consider and approve the appointment of the external auditors and to determine of the audit remuneration for the year 2024; to consider and approve the election of directors in replacement of directors retiring by rotation for the year 2024; and to consider other business matters.
New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 116% Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿498.2m market cap, or US$13.8m).
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.11 loss in 3Q 2022)Third quarter 2023 results: EPS: ฿0.03 (up from ฿0.11 loss in 3Q 2022). Revenue: ฿207.7m (up 23% from 3Q 2022). Net income: ฿3.90m (up ฿17.1m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.034 loss in 2Q 2022)Second quarter 2023 results: EPS: ฿0.05 (up from ฿0.034 loss in 2Q 2022). Revenue: ฿197.6m (up 2.0% from 2Q 2022). Net income: ฿5.55m (up ฿9.67m from 2Q 2022). Profit margin: 2.8% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
Board Change • Nov 17Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Jetsada Wongwatanasin was the last independent director to join the board, commencing their role in 2019. 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 13Second quarter 2022 earnings released: ฿0.03 loss per share (vs ฿0.052 profit in 2Q 2021)Second quarter 2022 results: ฿0.03 loss per share (down from ฿0.052 profit in 2Q 2021). Revenue: ฿197.2m (down 13% from 2Q 2021). Net loss: ฿4.13m (down 165% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jetsada Wongwatanasin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.15 (down from ฿0.48 in FY 2020). Revenue: ฿909.8m (down 2.3% from FY 2020). Net income: ฿18.2m (down 69% from FY 2020). Profit margin: 2.0% (down from 6.2% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 15Third quarter 2021 earnings released: ฿0.01 loss per share (vs ฿0.15 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿204.2m (down 24% from 3Q 2020). Net loss: ฿1.75m (down 109% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.12 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿246.3m (up 25% from 1Q 2020). Net income: ฿11.7m (down 19% from 1Q 2020). Profit margin: 4.7% (down from 7.3% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 28Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 05 May 2021. Payment date: 20 May 2021. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.9%).
Reported Earnings • Feb 21Full year 2020 earnings released: EPS ฿0.48 (vs ฿0.27 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿930.8m (flat on FY 2019). Net income: ฿57.9m (up 75% from FY 2019). Profit margin: 6.2% (up from 3.5% in FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 20New 90-day high: ฿6.15The company is up 15% from its price of ฿5.35 on 20 November 2020. The Thai market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 20% over the same period.
Is New 90 Day High Low • Jan 07New 90-day high: ฿5.55The company is up 10.0% from its price of ฿5.05 on 09 October 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 40% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.15The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿269.7m (up 20% from 3Q 2019). Net income: ฿18.6m (up 43% from 3Q 2019). Profit margin: 6.9% (up from 5.8% in 3Q 2019). The increase in margin was driven by higher revenue. 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 13% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Nov 02New 90-day low: ฿4.98The company is down 4.0% from its price of ฿5.20 on 04 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 10.0% over the same period.