View Past PerformanceThai Rayon 대차대조표 건전성재무 건전성 기준 점검 2/6Thai Rayon 의 총 주주 지분은 THB27.5B 이고 총 부채는 THB1.6B, 이는 부채 대 자기자본 비율을 5.7% 로 가져옵니다. 총자산과 총부채는 각각 THB34.0B 및 THB6.5B 입니다.핵심 정보5.70%부채/자본 비율฿1.57b부채이자보상배율n/a현금฿56.21m자본฿27.53b총부채฿6.47b총자산฿34.00b최근 재무 건전성 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • Aug 16First quarter 2026 earnings released: ฿3.49 loss per share (vs ฿3.84 profit in 1Q 2025)First quarter 2026 results: ฿3.49 loss per share (down from ฿3.84 profit in 1Q 2025). Revenue: ฿2.32b (down 7.3% from 1Q 2025). Net loss: ฿703.6m (down 191% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.공시 • Jul 29Thai Rayon Public Company Limited Approves Dividend for the Year Ended 31 March 2025, Payable on 25 August 2025Thai Rayon Public Company Limited at the AGM held on 26 July 2025 approved the dividend payment at THB 0.05 per share for the year ended 31 March 2025 from retained earnings, amounting to THB 10.08 Million. All dividends shall be subjected to withholding tax at the rate stipulated by law. The dividend payment will be made on 25 August 2025.Board Change • Jun 13Less 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. 4 non-independent directors. Independent Director Diwakar Kaveeshwar was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • May 31Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 10th June 2025 Payment date: 25th August 2025 Dividend yield will be 0.2%, which is lower than the industry average of 3.8%.Reported Earnings • May 29Full year 2025 earnings released: EPS: ฿0.44 (vs ฿9.18 loss in FY 2024)Full year 2025 results: EPS: ฿0.44 (up from ฿9.18 loss in FY 2024). Revenue: ฿10.2b (up 9.5% from FY 2024). Net income: ฿88.8m (up ฿1.94b from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was primarily 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 94 percentage points per year, which is a significant difference in performance.공시 • May 29Thai Rayon Public Company Limited, Annual General Meeting, Jul 29, 2025Thai Rayon Public Company Limited, Annual General Meeting, Jul 29, 2025, at 13:00 SE Asia Standard Time. Location: broadcasted live from the company`s office located, 888 /160-1 mahatun plaza building, 16th floor, ploenchit road, lumpini,pathumwan, bangkok 10330 Thailand공시 • May 28Thai Rayon Public Company Limited Proposes Dividend for the Year Ended 31 March 2025, Payable on 25 August 2025The Board of Thai Rayon Public Company Limited deemed appropriate to propose to the Shareholder's Meeting to approve the dividend payment for the year ended 31 March 2025 of THB 0.05 per share from retained earnings. The dividend payment is scheduled on 25 August 2025. The Record Date to determine the right of shareholders who are entitled to receive dividend will be on 11 June 2025 (subject to shareholder's approval). Ex-dividend date 10 June 2025.New Risk • May 28New 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 8.2% 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 Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: ฿3.09 (vs ฿1.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿3.09 (up from ฿1.50 in 3Q 2024). Revenue: ฿2.59b (up 3.3% from 3Q 2024). Net income: ฿622.4m (up 106% from 3Q 2024). Profit margin: 24% (up from 12% in 3Q 2024). The increase in margin 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 107 percentage points per year, which is a significant difference in performance.공시 • Sep 27Thai Rayon Public Company Limited Announces CFO Changes, Effective October 15, 2024Thai Rayon Public Company Limited announced the termination of Mr. Santosh Pati Tripathi as Vice President (Finance & Commercial). Effective Date of Termination: 15 October 2024 and the appointment of Mr. Rajesh Jha as Vice President (Finance & Commercial). Effective Date of Appointment 15 October 2024.Reported Earnings • Aug 16First quarter 2025 earnings released: EPS: ฿3.84 (vs ฿2.52 in 1Q 2024)First quarter 2025 results: EPS: ฿3.84 (up from ฿2.52 in 1Q 2024). Revenue: ฿2.51b (up 6.0% from 1Q 2024). Net income: ฿773.4m (up 52% from 1Q 2024). Profit margin: 31% (up from 21% in 1Q 2024). The increase in margin 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 81 percentage points per year, which is a significant difference in performance.공시 • Jul 26Thai Rayon Public Company Limited Approves Dividend for the Year Ended 31 March 2024, Payable on 23 August 2024Thai Rayon Public Company Limited at its AGM held on July 26, 2024, approved the dividend payment of THB 0.05 per share for the year ended 31 March 2024 from retained earnings amounting to THB 10.08 million. All dividends shall be subjected to withholding tax at the rate stipulated by law. The dividend payment will be made on 23 August 2024.Reported Earnings • Jun 04Full year 2024 earnings released: ฿9.18 loss per share (vs ฿3.39 profit in FY 2023)Full year 2024 results: ฿9.18 loss per share (down from ฿3.39 profit in FY 2023). Revenue: ฿9.56b (up 15% from FY 2023). Net loss: ฿1.85b (down 371% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Declared Dividend • Jun 03Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 13th June 2024 Payment date: 23rd August 2024 Dividend yield will be 0.1%, which is lower than the industry average of 3.8%. Payout Ratios Payout ratio: 0.8007%. Cash payout ratio: 4%.공시 • Jun 01Thai Rayon Public Company Limited Proposes Dividend for the Year Ended 31 March 2024, Payable on 23 August 2024Thai Rayon Public Company Limited at its board meeting held on 30 May 2024, approved to propose to the Annual General Meeting of Shareholders to be held on 26 July 2024, the dividend payment at the rate of THB 0.05 per share for the year ended 31 March 2024. The dividend payment is scheduled on 23 August 2024 and shall be paid out from retained earnings. All dividends shall be subjected to withholding tax at the rate stipulated by law. The Record Date to determine the right of shareholders who are entitled to receive dividend will be on 14 June 2024. The right to receive dividend, as the case may be, is uncertain as it has not been approved by the shareholders' meeting.Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: ฿1.50 (vs ฿7.64 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿1.50 (up from ฿7.64 loss in 3Q 2023). Revenue: ฿2.51b (up 110% from 3Q 2023). Net income: ฿302.0m (up ฿1.84b from 3Q 2023). Profit margin: 12% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Reported Earnings • Nov 16Second quarter 2024 earnings released: EPS: ฿2.20 (vs ฿5.86 in 2Q 2023)Second quarter 2024 results: EPS: ฿2.20 (down from ฿5.86 in 2Q 2023). Revenue: ฿2.42b (up 5.5% from 2Q 2023). Net income: ฿443.3m (down 63% from 2Q 2023). Profit margin: 18% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.공시 • Oct 26Thai Rayon Public Company Limited Announces Change of Chief AccountantThai Rayon Public Company Limited announced change of Chief Accountant. The company announced the termination of Mr. Mahendra Ganeriwal as General Manager (Accounts), effective October 20, 2023. The company announced the appointment of Mr. Ankesh Kumar Kala as Deputy General Manager (Accounts), effective October 25, 2023.Reported Earnings • Aug 16First quarter 2024 earnings released: EPS: ฿2.52 (vs ฿5.14 in 1Q 2023)First quarter 2024 results: EPS: ฿2.52 (down from ฿5.14 in 1Q 2023). Revenue: ฿2.37b (down 25% from 1Q 2023). Net income: ฿508.3m (down 51% from 1Q 2023). Profit margin: 21% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.공시 • Jul 29Thai Rayon Public Company Limited Approves Dividend for the Year Ended March 31, 2023, Payable on August 23, 2023Thai Rayon Public Company Limited at its AGM held on July 27, 2023 approved dividend payment at the rate of THB 0.05 for the year ended March 31, 2023 from the retained earnings. All dividends shall be subjected to withholding tax at the rate stipulated by law. the dividend payment will be made on August 23, 2023.Upcoming Dividend • Jun 02Upcoming dividend of ฿0.05 per share at 0.1% yieldEligible shareholders must have bought the stock before 09 June 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 8.2% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (3.2%).Reported Earnings • May 31Full year 2023 earnings released: EPS: ฿3.39 (vs ฿17.38 in FY 2022)Full year 2023 results: EPS: ฿3.39 (down from ฿17.38 in FY 2022). Revenue: ฿8.35b (down 21% from FY 2022). Net income: ฿682.7m (down 81% from FY 2022). Profit margin: 8.2% (down from 33% in FY 2022). The decrease in margin was primarily driven by lower revenue. 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 19% per year, which means it is significantly lagging earnings growth.공시 • May 30+ 1 more updateThai Rayon Public Company Limited, Annual General Meeting, Jul 27, 2023Thai Rayon Public Company Limited, Annual General Meeting, Jul 27, 2023, at 13:00 SE Asia Standard Time. Agenda: To approve the minutes of annual general meeting of shareholders for the year 2022 held on 27 July 2022; to acknowledge the performance of the company for the year ended 31 March 2023; to approve the audited statement of financial position as on 31 March 2023 and the audited income statements for the year ended 31 March 2023; to consider and approve the dividend payment for the year ended 31 March 2023; to consider and approve the appointment of directors in place of those who retire by rotation; and to consider and approve other matters, if any.Board Change • Dec 19Less 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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Jun 02Upcoming dividend of ฿0.56 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 0.3% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (5.3%). Lower than average of industry peers (4.5%).Reported Earnings • May 29Full year 2022 earnings released: EPS: ฿17.38 (vs ฿0.44 in FY 2021)Full year 2022 results: EPS: ฿17.38 (up from ฿0.44 in FY 2021). Revenue: ฿10.6b (up 75% from FY 2021). Net income: ฿3.50b (up ฿3.41b from FY 2021). Profit margin: 33% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Board Change • Feb 23Less 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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Feb 17Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ฿1.67 (up from ฿1.28 loss in 3Q 2021). Revenue: ฿2.80b (up 99% from 3Q 2021). Net income: ฿336.9m (up ฿594.7m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿50.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 16x in the Chemicals industry in Thailand. Total returns to shareholders of 17% over the past three years.Reported Earnings • Nov 16Second quarter 2022 earnings released: EPS ฿6.13 (vs ฿0.76 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ฿2.37b (up 78% from 2Q 2021). Net income: ฿1.24b (up ฿1.08b from 2Q 2021). Profit margin: 52% (up from 12% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 30% share price gain to ฿51.50, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total returns to shareholders of 11% over the past three years.Board Change • Sep 14Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 13Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 02Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Aug 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿41.75, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total loss to shareholders of 12% over the past three years.Reported Earnings • Aug 18First quarter 2022 earnings released: EPS ฿6.14 (vs ฿3.08 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ฿2.45b (up 88% from 1Q 2021). Net income: ฿1.24b (up ฿1.86b from 1Q 2021). Profit margin: 51% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. 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 4% per year, which means it has not declined as severely as earnings.Board Change • Jul 29Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Is New 90 Day High Low • Feb 22New 90-day low: ฿25.50The company is down 8.0% from its price of ฿27.75 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period.Reported Earnings • Feb 17Third quarter 2021 earnings released: ฿1.28 loss per share (vs ฿1.07 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ฿1.41b (down 15% from 3Q 2020). Net loss: ฿257.8m (loss widened 19% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 15Second quarter 2021 earnings released: EPS ฿0.90The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ฿1.33b (down 34% from 2Q 2020). Net income: ฿182.2m (up ฿274.7m from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 85% 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.Is New 90 Day High Low • Nov 06New 90-day high: ฿31.50The company is up 26% from its price of ฿25.00 on 07 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 4.0% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: ฿21.00The company is down 21% from its price of ฿26.75 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 10.0% over the same period.재무 상태 분석단기부채: TR 의 단기 자산 ( THB4.0B )은 단기 부채( THB5.5B ).장기 부채: TR의 단기 자산(THB4.0B)이 장기 부채(THB955.9M)를 초과합니다.부채/자본 비율 추이 및 분석부채 수준: TR 의 순부채 대 자기자본 비율( 5.5% )은 satisfactory로 간주됩니다.부채 감소: TR의 부채 대비 자본 비율은 지난 5년 동안 0.2%에서 5.7%로 증가했습니다.부채 범위: TR 의 영업현금흐름이 마이너스이므로 부채가 제대로 상환되지 않습니다.이자 보장: TR 의 부채에 대한 이자 지급이 EBIT에 의해 잘 충당되었는지 판단할 데이터가 부족합니다.대차대조표건전한 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/11/30 03:41종가2025/09/02 00:00수익2025/09/30연간 수익2025/03/31데이터 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 Rayon Public Company Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Aug 16First quarter 2026 earnings released: ฿3.49 loss per share (vs ฿3.84 profit in 1Q 2025)First quarter 2026 results: ฿3.49 loss per share (down from ฿3.84 profit in 1Q 2025). Revenue: ฿2.32b (down 7.3% from 1Q 2025). Net loss: ฿703.6m (down 191% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
공시 • Jul 29Thai Rayon Public Company Limited Approves Dividend for the Year Ended 31 March 2025, Payable on 25 August 2025Thai Rayon Public Company Limited at the AGM held on 26 July 2025 approved the dividend payment at THB 0.05 per share for the year ended 31 March 2025 from retained earnings, amounting to THB 10.08 Million. All dividends shall be subjected to withholding tax at the rate stipulated by law. The dividend payment will be made on 25 August 2025.
Board Change • Jun 13Less 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. 4 non-independent directors. Independent Director Diwakar Kaveeshwar was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • May 31Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 10th June 2025 Payment date: 25th August 2025 Dividend yield will be 0.2%, which is lower than the industry average of 3.8%.
Reported Earnings • May 29Full year 2025 earnings released: EPS: ฿0.44 (vs ฿9.18 loss in FY 2024)Full year 2025 results: EPS: ฿0.44 (up from ฿9.18 loss in FY 2024). Revenue: ฿10.2b (up 9.5% from FY 2024). Net income: ฿88.8m (up ฿1.94b from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was primarily 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 94 percentage points per year, which is a significant difference in performance.
공시 • May 29Thai Rayon Public Company Limited, Annual General Meeting, Jul 29, 2025Thai Rayon Public Company Limited, Annual General Meeting, Jul 29, 2025, at 13:00 SE Asia Standard Time. Location: broadcasted live from the company`s office located, 888 /160-1 mahatun plaza building, 16th floor, ploenchit road, lumpini,pathumwan, bangkok 10330 Thailand
공시 • May 28Thai Rayon Public Company Limited Proposes Dividend for the Year Ended 31 March 2025, Payable on 25 August 2025The Board of Thai Rayon Public Company Limited deemed appropriate to propose to the Shareholder's Meeting to approve the dividend payment for the year ended 31 March 2025 of THB 0.05 per share from retained earnings. The dividend payment is scheduled on 25 August 2025. The Record Date to determine the right of shareholders who are entitled to receive dividend will be on 11 June 2025 (subject to shareholder's approval). Ex-dividend date 10 June 2025.
New Risk • May 28New 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 8.2% 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 Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).
Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: ฿3.09 (vs ฿1.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿3.09 (up from ฿1.50 in 3Q 2024). Revenue: ฿2.59b (up 3.3% from 3Q 2024). Net income: ฿622.4m (up 106% from 3Q 2024). Profit margin: 24% (up from 12% in 3Q 2024). The increase in margin 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 107 percentage points per year, which is a significant difference in performance.
공시 • Sep 27Thai Rayon Public Company Limited Announces CFO Changes, Effective October 15, 2024Thai Rayon Public Company Limited announced the termination of Mr. Santosh Pati Tripathi as Vice President (Finance & Commercial). Effective Date of Termination: 15 October 2024 and the appointment of Mr. Rajesh Jha as Vice President (Finance & Commercial). Effective Date of Appointment 15 October 2024.
Reported Earnings • Aug 16First quarter 2025 earnings released: EPS: ฿3.84 (vs ฿2.52 in 1Q 2024)First quarter 2025 results: EPS: ฿3.84 (up from ฿2.52 in 1Q 2024). Revenue: ฿2.51b (up 6.0% from 1Q 2024). Net income: ฿773.4m (up 52% from 1Q 2024). Profit margin: 31% (up from 21% in 1Q 2024). The increase in margin 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 81 percentage points per year, which is a significant difference in performance.
공시 • Jul 26Thai Rayon Public Company Limited Approves Dividend for the Year Ended 31 March 2024, Payable on 23 August 2024Thai Rayon Public Company Limited at its AGM held on July 26, 2024, approved the dividend payment of THB 0.05 per share for the year ended 31 March 2024 from retained earnings amounting to THB 10.08 million. All dividends shall be subjected to withholding tax at the rate stipulated by law. The dividend payment will be made on 23 August 2024.
Reported Earnings • Jun 04Full year 2024 earnings released: ฿9.18 loss per share (vs ฿3.39 profit in FY 2023)Full year 2024 results: ฿9.18 loss per share (down from ฿3.39 profit in FY 2023). Revenue: ฿9.56b (up 15% from FY 2023). Net loss: ฿1.85b (down 371% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Declared Dividend • Jun 03Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 13th June 2024 Payment date: 23rd August 2024 Dividend yield will be 0.1%, which is lower than the industry average of 3.8%. Payout Ratios Payout ratio: 0.8007%. Cash payout ratio: 4%.
공시 • Jun 01Thai Rayon Public Company Limited Proposes Dividend for the Year Ended 31 March 2024, Payable on 23 August 2024Thai Rayon Public Company Limited at its board meeting held on 30 May 2024, approved to propose to the Annual General Meeting of Shareholders to be held on 26 July 2024, the dividend payment at the rate of THB 0.05 per share for the year ended 31 March 2024. The dividend payment is scheduled on 23 August 2024 and shall be paid out from retained earnings. All dividends shall be subjected to withholding tax at the rate stipulated by law. The Record Date to determine the right of shareholders who are entitled to receive dividend will be on 14 June 2024. The right to receive dividend, as the case may be, is uncertain as it has not been approved by the shareholders' meeting.
Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: ฿1.50 (vs ฿7.64 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿1.50 (up from ฿7.64 loss in 3Q 2023). Revenue: ฿2.51b (up 110% from 3Q 2023). Net income: ฿302.0m (up ฿1.84b from 3Q 2023). Profit margin: 12% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 16Second quarter 2024 earnings released: EPS: ฿2.20 (vs ฿5.86 in 2Q 2023)Second quarter 2024 results: EPS: ฿2.20 (down from ฿5.86 in 2Q 2023). Revenue: ฿2.42b (up 5.5% from 2Q 2023). Net income: ฿443.3m (down 63% from 2Q 2023). Profit margin: 18% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
공시 • Oct 26Thai Rayon Public Company Limited Announces Change of Chief AccountantThai Rayon Public Company Limited announced change of Chief Accountant. The company announced the termination of Mr. Mahendra Ganeriwal as General Manager (Accounts), effective October 20, 2023. The company announced the appointment of Mr. Ankesh Kumar Kala as Deputy General Manager (Accounts), effective October 25, 2023.
Reported Earnings • Aug 16First quarter 2024 earnings released: EPS: ฿2.52 (vs ฿5.14 in 1Q 2023)First quarter 2024 results: EPS: ฿2.52 (down from ฿5.14 in 1Q 2023). Revenue: ฿2.37b (down 25% from 1Q 2023). Net income: ฿508.3m (down 51% from 1Q 2023). Profit margin: 21% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
공시 • Jul 29Thai Rayon Public Company Limited Approves Dividend for the Year Ended March 31, 2023, Payable on August 23, 2023Thai Rayon Public Company Limited at its AGM held on July 27, 2023 approved dividend payment at the rate of THB 0.05 for the year ended March 31, 2023 from the retained earnings. All dividends shall be subjected to withholding tax at the rate stipulated by law. the dividend payment will be made on August 23, 2023.
Upcoming Dividend • Jun 02Upcoming dividend of ฿0.05 per share at 0.1% yieldEligible shareholders must have bought the stock before 09 June 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 8.2% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (3.2%).
Reported Earnings • May 31Full year 2023 earnings released: EPS: ฿3.39 (vs ฿17.38 in FY 2022)Full year 2023 results: EPS: ฿3.39 (down from ฿17.38 in FY 2022). Revenue: ฿8.35b (down 21% from FY 2022). Net income: ฿682.7m (down 81% from FY 2022). Profit margin: 8.2% (down from 33% in FY 2022). The decrease in margin was primarily driven by lower revenue. 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 19% per year, which means it is significantly lagging earnings growth.
공시 • May 30+ 1 more updateThai Rayon Public Company Limited, Annual General Meeting, Jul 27, 2023Thai Rayon Public Company Limited, Annual General Meeting, Jul 27, 2023, at 13:00 SE Asia Standard Time. Agenda: To approve the minutes of annual general meeting of shareholders for the year 2022 held on 27 July 2022; to acknowledge the performance of the company for the year ended 31 March 2023; to approve the audited statement of financial position as on 31 March 2023 and the audited income statements for the year ended 31 March 2023; to consider and approve the dividend payment for the year ended 31 March 2023; to consider and approve the appointment of directors in place of those who retire by rotation; and to consider and approve other matters, if any.
Board Change • Dec 19Less 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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Jun 02Upcoming dividend of ฿0.56 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 0.3% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (5.3%). Lower than average of industry peers (4.5%).
Reported Earnings • May 29Full year 2022 earnings released: EPS: ฿17.38 (vs ฿0.44 in FY 2021)Full year 2022 results: EPS: ฿17.38 (up from ฿0.44 in FY 2021). Revenue: ฿10.6b (up 75% from FY 2021). Net income: ฿3.50b (up ฿3.41b from FY 2021). Profit margin: 33% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Board Change • Feb 23Less 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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Feb 17Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ฿1.67 (up from ฿1.28 loss in 3Q 2021). Revenue: ฿2.80b (up 99% from 3Q 2021). Net income: ฿336.9m (up ฿594.7m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿50.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 16x in the Chemicals industry in Thailand. Total returns to shareholders of 17% over the past three years.
Reported Earnings • Nov 16Second quarter 2022 earnings released: EPS ฿6.13 (vs ฿0.76 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ฿2.37b (up 78% from 2Q 2021). Net income: ฿1.24b (up ฿1.08b from 2Q 2021). Profit margin: 52% (up from 12% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 30% share price gain to ฿51.50, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total returns to shareholders of 11% over the past three years.
Board Change • Sep 14Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 13Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 02Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Aug 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿41.75, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total loss to shareholders of 12% over the past three years.
Reported Earnings • Aug 18First quarter 2022 earnings released: EPS ฿6.14 (vs ฿3.08 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ฿2.45b (up 88% from 1Q 2021). Net income: ฿1.24b (up ฿1.86b from 1Q 2021). Profit margin: 51% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. 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 4% per year, which means it has not declined as severely as earnings.
Board Change • Jul 29Less 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. 4 non-independent directors. Independent Director Purshottam Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Is New 90 Day High Low • Feb 22New 90-day low: ฿25.50The company is down 8.0% from its price of ฿27.75 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period.
Reported Earnings • Feb 17Third quarter 2021 earnings released: ฿1.28 loss per share (vs ฿1.07 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ฿1.41b (down 15% from 3Q 2020). Net loss: ฿257.8m (loss widened 19% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 15Second quarter 2021 earnings released: EPS ฿0.90The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ฿1.33b (down 34% from 2Q 2020). Net income: ฿182.2m (up ฿274.7m from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 85% 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.
Is New 90 Day High Low • Nov 06New 90-day high: ฿31.50The company is up 26% from its price of ฿25.00 on 07 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: ฿21.00The company is down 21% from its price of ฿26.75 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 10.0% over the same period.