View Future GrowthGMM Grammy 과거 순이익 실적과거 기준 점검 0/6GMM Grammy 의 수입은 연평균 -34.9%의 비율로 감소해 온 반면, Entertainment 산업은 연평균 8.7%의 비율로 감소했습니다. 매출은 연평균 8%의 비율로 증가해 왔습니다.핵심 정보-34.93%순이익 성장률-35.00%주당순이익(EPS) 성장률Entertainment 산업 성장률3.18%매출 성장률8.00%자기자본이익률-0.45%순이익률-0.78%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.15 (vs ฿0.13 in 1Q 2025)First quarter 2026 results: EPS: ฿0.15 (up from ฿0.13 in 1Q 2025). Revenue: ฿1.58b (down 1.2% from 1Q 2025). Net income: ฿124.7m (up 20% from 1Q 2025). Profit margin: 7.9% (up from 6.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 03Full year 2025 earnings released: ฿0.08 loss per share (vs ฿0.24 profit in FY 2024)Full year 2025 results: ฿0.08 loss per share (down from ฿0.24 profit in FY 2024). Revenue: ฿5.90b (down 4.3% from FY 2024). Net loss: ฿65.5m (down 134% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.14 loss per share (vs ฿0.02 loss in 3Q 2024)Third quarter 2025 results: ฿0.14 loss per share (further deteriorated from ฿0.02 loss in 3Q 2024). Revenue: ฿1.34b (down 6.9% from 3Q 2024). Net loss: ฿116.1m (loss widened ฿97.4m from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.003 loss per share (vs ฿0.033 profit in 2Q 2024)Second quarter 2025 results: ฿0.003 loss per share (down from ฿0.033 profit in 2Q 2024). Revenue: ฿1.31b (down 9.1% from 2Q 2024). Net loss: ฿2.37m (down 109% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.29 in 1Q 2024)First quarter 2025 results: EPS: ฿0.13 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.61b (up 13% from 1Q 2024). Net income: ฿104.0m (down 54% from 1Q 2024). Profit margin: 6.5% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.24 (vs ฿0.16 loss in FY 2023)Full year 2024 results: EPS: ฿0.24 (up from ฿0.16 loss in FY 2023). Revenue: ฿6.24b (up 5.2% from FY 2023). Net income: ฿195.6m (up ฿328.1m from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 24% per year.모든 업데이트 보기Recent updatesNew Risk • Jul 31New 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 7.2% 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 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿3.10b market cap, or US$92.8m).Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.15 (vs ฿0.13 in 1Q 2025)First quarter 2026 results: EPS: ฿0.15 (up from ฿0.13 in 1Q 2025). Revenue: ฿1.58b (down 1.2% from 1Q 2025). Net income: ฿124.7m (up 20% from 1Q 2025). Profit margin: 7.9% (up from 6.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nattavudh Pungcharoenpong 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.New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.15b (US$99.7m) This is considered a minor 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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.15b market cap, or US$99.7m).Reported Earnings • Mar 03Full year 2025 earnings released: ฿0.08 loss per share (vs ฿0.24 profit in FY 2024)Full year 2025 results: ฿0.08 loss per share (down from ฿0.24 profit in FY 2024). Revenue: ฿5.90b (down 4.3% from FY 2024). Net loss: ฿65.5m (down 134% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.New Risk • Jan 12New 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 5.8% 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 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change).New Risk • Nov 16New 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 5.9% 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 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change).New Risk • Nov 14New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.14 loss per share (vs ฿0.02 loss in 3Q 2024)Third quarter 2025 results: ฿0.14 loss per share (further deteriorated from ฿0.02 loss in 3Q 2024). Revenue: ฿1.34b (down 6.9% from 3Q 2024). Net loss: ฿116.1m (loss widened ฿97.4m from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.003 loss per share (vs ฿0.033 profit in 2Q 2024)Second quarter 2025 results: ฿0.003 loss per share (down from ฿0.033 profit in 2Q 2024). Revenue: ฿1.31b (down 9.1% from 2Q 2024). Net loss: ฿2.37m (down 109% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.New Risk • May 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Large one-off items impacting financial results.Board Change • May 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Vithit Leenutaphong 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.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.29 in 1Q 2024)First quarter 2025 results: EPS: ฿0.13 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.61b (up 13% from 1Q 2024). Net income: ฿104.0m (down 54% from 1Q 2024). Profit margin: 6.5% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ฿6.00, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 41% over the past three years.New Risk • Apr 01New 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 9.9% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ฿6.40, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 19x in the Entertainment industry in Thailand. Total loss to shareholders of 44% over the past three years.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.24 (vs ฿0.16 loss in FY 2023)Full year 2024 results: EPS: ฿0.24 (up from ฿0.16 loss in FY 2023). Revenue: ฿6.24b (up 5.2% from FY 2023). Net income: ฿195.6m (up ฿328.1m from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 24% per year.New Risk • Feb 27New 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 4.3% 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. This is currently the only risk that has been identified for the company.공고 • Feb 27GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2025GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:00 SE Asia Standard Time.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to ฿5.20, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total loss to shareholders of 56% over the past three years.공고 • Feb 25GMM Grammy Public Company Limited Announces Executive AppointmentsGMM Grammy Public Company Limited appointed Mr. Fahmai Damrongchaitham as (Acting) Chief Investment Officer and Mr. Kittisak Chuang-a-roon as (Acting) Chief Executive Officer – Goods, effective from March 1, 2025 onwards.공고 • Feb 24GMM Grammy Public Company Limited Announces Appointment of Sireetorn Srisungworn as Chief Financial Officer, Effective March 1, 2025GMM Grammy Public Company Limited announced termination of Miss Sireetorn Srisungworn as (Acting) Chief Financial Officer. Effective Date of Termination is March 1, 2025. The company announced appointment of Miss Sireetorn Srisungworn as Chief Financial Officer. Effective Date of Appointment is March 1, 2025.Buy Or Sell Opportunity • Sep 03Now 20% overvaluedOver the last 90 days, the stock has fallen 6.4% to ฿7.30. The fair value is estimated to be ฿6.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 38%.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.007 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.03 (up from ฿0.007 in 2Q 2023). Revenue: ฿1.48b (up 3.2% from 2Q 2023). Net income: ฿25.6m (up 211% from 2Q 2023). Profit margin: 1.7% (up from 0.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% 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.New Risk • Jun 04New 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 9.7% 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 Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin).Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 37%After last week's 37% share price gain to ฿7.55, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 23x in the Entertainment industry in Thailand. Total loss to shareholders of 53% over the past three years.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.002 in 1Q 2023)First quarter 2024 results: EPS: ฿0.28 (up from ฿0.002 in 1Q 2023). Revenue: ฿1.51b (up 7.5% from 1Q 2023). Net income: ฿225.7m (up ฿224.0m from 1Q 2023). Profit margin: 15% (up from 0.1% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.New Risk • Apr 06New 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 6.0% 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 8.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).공고 • Feb 29GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2024GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:00 SE Asia Standard Time. Location: Auditorium Room, 21st floor of GMM Grammy Place, located at No. 50, Sukhumvit 21 Road (Asoke), Khlong Toei Nuea, Wattana Bangkok Thailand Agenda: To acknowledge the declaration of the 2023 operational results and the Company's 2023 annual report; to approve the Statements of Financial Position and the Comprehensive Income Statements for the fiscal year ending December 31, 2023; to approve the appropriation of the 2023 net profit as statutory reserve fund; to approve the appointment of directors in place of those who are due to retire by rotation for the year 2024; to approve the remunerations of the Board of Directors and subcommittees for the year 2024; and to consider other matters.Reported Earnings • Feb 29Full year 2023 earnings released: ฿0.16 loss per share (vs ฿0.20 profit in FY 2022)Full year 2023 results: ฿0.16 loss per share (down from ฿0.20 profit in FY 2022). Revenue: ฿5.99b (up 13% from FY 2022). Net loss: ฿132.6m (down 180% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.New Risk • Jan 25New 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 6.3% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin).Reported Earnings • Nov 17Third quarter 2023 earnings released: ฿0.06 loss per share (vs ฿0.14 profit in 3Q 2022)Third quarter 2023 results: ฿0.06 loss per share (down from ฿0.14 profit in 3Q 2022). Revenue: ฿1.29b (down 2.9% from 3Q 2022). Net loss: ฿46.6m (down 140% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공고 • Sep 01+ 2 more updatesGMM Grammy Public Company Limited Appoints Kittisak Chuang-a-roon as (Acting) Chief Strategic Officer-Music 2, Effective September 1, 2023GMM Grammy Public Company Limited announced the appointment of Mr. Kittisak Chuang-a-roon as (Acting) Chief Strategic Officer-Music 2, effective from September 1st, 2023 onwards, consisting of 5 executives.New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.2% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.03 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.01 (down from ฿0.03 in 2Q 2022). Revenue: ฿1.46b (up 24% from 2Q 2022). Net income: ฿8.23m (down 65% from 2Q 2022). Profit margin: 0.6% (down from 2.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿9.95, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 39x in the Entertainment industry in Thailand. Total returns to shareholders of 1.5% over the past three years.공고 • Jul 29GMM Grammy Public Company Limited to Report Q2, 2023 Results on Aug 11, 2023GMM Grammy Public Company Limited announced that they will report Q2, 2023 results on Aug 11, 2023Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.002 (vs ฿0.19 loss in 1Q 2022)First quarter 2023 results: EPS: ฿0.002 (up from ฿0.19 loss in 1Q 2022). Revenue: ฿1.40b (up 39% from 1Q 2022). Net income: ฿1.65m (up ฿155.3m from 1Q 2022). Profit margin: 0.1% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.02 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.06 (up from ฿0.02 in 3Q 2021). Revenue: ฿1.42b (up 61% from 3Q 2021). Net income: ฿48.3m (up 259% from 3Q 2021). Profit margin: 3.4% (up from 1.5% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sunyaluck Chaikajornwat 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. Insufficient board refreshment.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ฿0.03 (vs ฿0.02 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.03 (up from ฿0.02 loss in 2Q 2021). Revenue: ฿1.19b (up 18% from 2Q 2021). Net income: ฿23.6m (up ฿38.7m from 2Q 2021). Profit margin: 2.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿0.19 loss per share (down from ฿0.49 profit in 1Q 2021). Revenue: ฿1.01b (up 1.1% from 1Q 2021). Net loss: ฿153.7m (down 139% from profit in 1Q 2021). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sunyaluck Chaikajornwat 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. Insufficient board refreshment.Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.61 (up from ฿0.21 loss in FY 2020). Revenue: ฿4.22b (down 16% from FY 2020). Net income: ฿497.1m (up ฿672.5m from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.016 (vs ฿0.045 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿885.7m (down 18% from 3Q 2020). Net income: ฿13.5m (down 63% from 3Q 2020). Profit margin: 1.5% (down from 3.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: ฿0.02 loss per share (vs ฿0.009 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿1.01b (up 8.9% from 2Q 2020). Net loss: ฿15.0m (down 300% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.49 (vs ฿0.05 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.37b (up 4.2% from 1Q 2020). Net income: ฿398.2m (up ฿357.2m from 1Q 2020). Profit margin: 29% (up from 3.1% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Mar 12New 90-day high: ฿10.20The company is up 10.0% from its price of ฿9.25 on 09 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 16% over the same period.Reported Earnings • Mar 03Full year 2020 earnings released: ฿0.21 loss per share (vs ฿0.42 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿5.03b (down 24% from FY 2019). Net loss: ฿175.4m (down 151% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.045The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.09b (down 28% from 3Q 2019). Net income: ฿36.6m (down 42% from 3Q 2019). Profit margin: 3.4% (down from 4.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Nov 16New 90-day low: ฿8.90The company is down 9.0% from its price of ฿9.75 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 1.0% over the same period.Is New 90 Day High Low • Oct 26New 90-day low: ฿9.20The company is down 6.0% from its price of ฿9.75 on 24 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is flat over the same period.Is New 90 Day High Low • Sep 24New 90-day low: ฿9.25The company is down 6.0% from its price of ฿9.80 on 25 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 Entertainment industry, which is up 8.0% over the same period.매출 및 비용 세부 내역GMM Grammy가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:GRAMMY 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 265,764-451,953031 Dec 255,816-661,993030 Sep 256,118-162,090030 Jun 256,232782,149031 Mar 256,400942,202031 Dec 246,1651842,180030 Sep 246,0691012,183030 Jun 245,912762,196031 Mar 245,904602,140031 Dec 235,931-1332,153030 Sep 235,899252,050030 Jun 235,9251872,000031 Mar 235,6022631,956031 Dec 225,2221661,916030 Sep 224,4372061,817030 Jun 224,0151041,750031 Mar 223,89941,740031 Dec 213,8884971,732030 Sep 214,6001361,910030 Jun 214,8001591,932031 Mar 214,7181821,918031 Dec 205,032-1751,965030 Sep 205,1672371,884030 Jun 205,5992641,923031 Mar 206,1303242,051031 Dec 196,6343422,118030 Sep 196,8621772,188030 Jun 196,9411292,235031 Mar 197,1911122,216031 Dec 186,977152,214030 Sep 186,7714052,315030 Jun 187,020-3832,666031 Mar 187,258-4262,852031 Dec 177,696-3843,037030 Sep 177,365-1,0172,968030 Jun 177,576-2552,798031 Mar 177,466-3722,853031 Dec 167,415-5202,862030 Sep 168,159-1,5523,174030 Jun 168,164-1,6803,218031 Mar 168,441-1,7073,302031 Dec 158,724-1,1453,528030 Sep 159,053-4013,5960양질의 수익: GRAMMY 은(는) 현재 수익성이 없습니다.이익 마진 증가: GRAMMY는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: GRAMMY은 수익성이 없으며 지난 5년 동안 손실이 연평균 34.9% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 GRAMMY의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: GRAMMY은 수익성이 없어 지난 해 수익 성장률을 Entertainment 업계(-13%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: GRAMMY는 현재 수익성이 없으므로 자본 수익률이 음수(-0.45%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMedia 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/16 23:29종가2026/08/14 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스GMM Grammy Public Company Limited는 7명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Prasit SujiravorakulBualuang Securities PCLUDOMKARN UDOMSABKGI Securities Co. Ltd.Pongrat RatanatavananandaMaybank Research Pte. Ltd.4명의 분석가 더 보기
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.15 (vs ฿0.13 in 1Q 2025)First quarter 2026 results: EPS: ฿0.15 (up from ฿0.13 in 1Q 2025). Revenue: ฿1.58b (down 1.2% from 1Q 2025). Net income: ฿124.7m (up 20% from 1Q 2025). Profit margin: 7.9% (up from 6.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 03Full year 2025 earnings released: ฿0.08 loss per share (vs ฿0.24 profit in FY 2024)Full year 2025 results: ฿0.08 loss per share (down from ฿0.24 profit in FY 2024). Revenue: ฿5.90b (down 4.3% from FY 2024). Net loss: ฿65.5m (down 134% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.14 loss per share (vs ฿0.02 loss in 3Q 2024)Third quarter 2025 results: ฿0.14 loss per share (further deteriorated from ฿0.02 loss in 3Q 2024). Revenue: ฿1.34b (down 6.9% from 3Q 2024). Net loss: ฿116.1m (loss widened ฿97.4m from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.003 loss per share (vs ฿0.033 profit in 2Q 2024)Second quarter 2025 results: ฿0.003 loss per share (down from ฿0.033 profit in 2Q 2024). Revenue: ฿1.31b (down 9.1% from 2Q 2024). Net loss: ฿2.37m (down 109% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.29 in 1Q 2024)First quarter 2025 results: EPS: ฿0.13 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.61b (up 13% from 1Q 2024). Net income: ฿104.0m (down 54% from 1Q 2024). Profit margin: 6.5% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.24 (vs ฿0.16 loss in FY 2023)Full year 2024 results: EPS: ฿0.24 (up from ฿0.16 loss in FY 2023). Revenue: ฿6.24b (up 5.2% from FY 2023). Net income: ฿195.6m (up ฿328.1m from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 24% per year.
New Risk • Jul 31New 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 7.2% 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 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿3.10b market cap, or US$92.8m).
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.15 (vs ฿0.13 in 1Q 2025)First quarter 2026 results: EPS: ฿0.15 (up from ฿0.13 in 1Q 2025). Revenue: ฿1.58b (down 1.2% from 1Q 2025). Net income: ฿124.7m (up 20% from 1Q 2025). Profit margin: 7.9% (up from 6.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nattavudh Pungcharoenpong 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.
New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.15b (US$99.7m) This is considered a minor 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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.15b market cap, or US$99.7m).
Reported Earnings • Mar 03Full year 2025 earnings released: ฿0.08 loss per share (vs ฿0.24 profit in FY 2024)Full year 2025 results: ฿0.08 loss per share (down from ฿0.24 profit in FY 2024). Revenue: ฿5.90b (down 4.3% from FY 2024). Net loss: ฿65.5m (down 134% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
New Risk • Jan 12New 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 5.8% 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 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change).
New Risk • Nov 16New 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 5.9% 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 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change).
New Risk • Nov 14New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.14 loss per share (vs ฿0.02 loss in 3Q 2024)Third quarter 2025 results: ฿0.14 loss per share (further deteriorated from ฿0.02 loss in 3Q 2024). Revenue: ฿1.34b (down 6.9% from 3Q 2024). Net loss: ฿116.1m (loss widened ฿97.4m from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.003 loss per share (vs ฿0.033 profit in 2Q 2024)Second quarter 2025 results: ฿0.003 loss per share (down from ฿0.033 profit in 2Q 2024). Revenue: ฿1.31b (down 9.1% from 2Q 2024). Net loss: ฿2.37m (down 109% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
New Risk • May 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Large one-off items impacting financial results.
Board Change • May 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Vithit Leenutaphong 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.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.29 in 1Q 2024)First quarter 2025 results: EPS: ฿0.13 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.61b (up 13% from 1Q 2024). Net income: ฿104.0m (down 54% from 1Q 2024). Profit margin: 6.5% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ฿6.00, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 20x in the Entertainment industry in Thailand. Total loss to shareholders of 41% over the past three years.
New Risk • Apr 01New 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 9.9% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 27%After last week's 27% share price gain to ฿6.40, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 19x in the Entertainment industry in Thailand. Total loss to shareholders of 44% over the past three years.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.24 (vs ฿0.16 loss in FY 2023)Full year 2024 results: EPS: ฿0.24 (up from ฿0.16 loss in FY 2023). Revenue: ฿6.24b (up 5.2% from FY 2023). Net income: ฿195.6m (up ฿328.1m from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 24% per year.
New Risk • Feb 27New 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 4.3% 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. This is currently the only risk that has been identified for the company.
공고 • Feb 27GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2025GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:00 SE Asia Standard Time.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to ฿5.20, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 22x in the Entertainment industry in Thailand. Total loss to shareholders of 56% over the past three years.
공고 • Feb 25GMM Grammy Public Company Limited Announces Executive AppointmentsGMM Grammy Public Company Limited appointed Mr. Fahmai Damrongchaitham as (Acting) Chief Investment Officer and Mr. Kittisak Chuang-a-roon as (Acting) Chief Executive Officer – Goods, effective from March 1, 2025 onwards.
공고 • Feb 24GMM Grammy Public Company Limited Announces Appointment of Sireetorn Srisungworn as Chief Financial Officer, Effective March 1, 2025GMM Grammy Public Company Limited announced termination of Miss Sireetorn Srisungworn as (Acting) Chief Financial Officer. Effective Date of Termination is March 1, 2025. The company announced appointment of Miss Sireetorn Srisungworn as Chief Financial Officer. Effective Date of Appointment is March 1, 2025.
Buy Or Sell Opportunity • Sep 03Now 20% overvaluedOver the last 90 days, the stock has fallen 6.4% to ฿7.30. The fair value is estimated to be ฿6.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 38%.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.007 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.03 (up from ฿0.007 in 2Q 2023). Revenue: ฿1.48b (up 3.2% from 2Q 2023). Net income: ฿25.6m (up 211% from 2Q 2023). Profit margin: 1.7% (up from 0.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% 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.
New Risk • Jun 04New 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 9.7% 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 Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin).
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 37%After last week's 37% share price gain to ฿7.55, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 23x in the Entertainment industry in Thailand. Total loss to shareholders of 53% over the past three years.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.002 in 1Q 2023)First quarter 2024 results: EPS: ฿0.28 (up from ฿0.002 in 1Q 2023). Revenue: ฿1.51b (up 7.5% from 1Q 2023). Net income: ฿225.7m (up ฿224.0m from 1Q 2023). Profit margin: 15% (up from 0.1% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
New Risk • Apr 06New 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 6.0% 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 8.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
공고 • Feb 29GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2024GMM Grammy Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:00 SE Asia Standard Time. Location: Auditorium Room, 21st floor of GMM Grammy Place, located at No. 50, Sukhumvit 21 Road (Asoke), Khlong Toei Nuea, Wattana Bangkok Thailand Agenda: To acknowledge the declaration of the 2023 operational results and the Company's 2023 annual report; to approve the Statements of Financial Position and the Comprehensive Income Statements for the fiscal year ending December 31, 2023; to approve the appropriation of the 2023 net profit as statutory reserve fund; to approve the appointment of directors in place of those who are due to retire by rotation for the year 2024; to approve the remunerations of the Board of Directors and subcommittees for the year 2024; and to consider other matters.
Reported Earnings • Feb 29Full year 2023 earnings released: ฿0.16 loss per share (vs ฿0.20 profit in FY 2022)Full year 2023 results: ฿0.16 loss per share (down from ฿0.20 profit in FY 2022). Revenue: ฿5.99b (up 13% from FY 2022). Net loss: ฿132.6m (down 180% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
New Risk • Jan 25New 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 6.3% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin).
Reported Earnings • Nov 17Third quarter 2023 earnings released: ฿0.06 loss per share (vs ฿0.14 profit in 3Q 2022)Third quarter 2023 results: ฿0.06 loss per share (down from ฿0.14 profit in 3Q 2022). Revenue: ฿1.29b (down 2.9% from 3Q 2022). Net loss: ฿46.6m (down 140% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공고 • Sep 01+ 2 more updatesGMM Grammy Public Company Limited Appoints Kittisak Chuang-a-roon as (Acting) Chief Strategic Officer-Music 2, Effective September 1, 2023GMM Grammy Public Company Limited announced the appointment of Mr. Kittisak Chuang-a-roon as (Acting) Chief Strategic Officer-Music 2, effective from September 1st, 2023 onwards, consisting of 5 executives.
New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.2% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.03 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.01 (down from ฿0.03 in 2Q 2022). Revenue: ฿1.46b (up 24% from 2Q 2022). Net income: ฿8.23m (down 65% from 2Q 2022). Profit margin: 0.6% (down from 2.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿9.95, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 39x in the Entertainment industry in Thailand. Total returns to shareholders of 1.5% over the past three years.
공고 • Jul 29GMM Grammy Public Company Limited to Report Q2, 2023 Results on Aug 11, 2023GMM Grammy Public Company Limited announced that they will report Q2, 2023 results on Aug 11, 2023
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.002 (vs ฿0.19 loss in 1Q 2022)First quarter 2023 results: EPS: ฿0.002 (up from ฿0.19 loss in 1Q 2022). Revenue: ฿1.40b (up 39% from 1Q 2022). Net income: ฿1.65m (up ฿155.3m from 1Q 2022). Profit margin: 0.1% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.02 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.06 (up from ฿0.02 in 3Q 2021). Revenue: ฿1.42b (up 61% from 3Q 2021). Net income: ฿48.3m (up 259% from 3Q 2021). Profit margin: 3.4% (up from 1.5% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sunyaluck Chaikajornwat 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. Insufficient board refreshment.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: ฿0.03 (vs ฿0.02 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.03 (up from ฿0.02 loss in 2Q 2021). Revenue: ฿1.19b (up 18% from 2Q 2021). Net income: ฿23.6m (up ฿38.7m from 2Q 2021). Profit margin: 2.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿0.19 loss per share (down from ฿0.49 profit in 1Q 2021). Revenue: ฿1.01b (up 1.1% from 1Q 2021). Net loss: ฿153.7m (down 139% from profit in 1Q 2021). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sunyaluck Chaikajornwat 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. Insufficient board refreshment.
Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.61 (up from ฿0.21 loss in FY 2020). Revenue: ฿4.22b (down 16% from FY 2020). Net income: ฿497.1m (up ฿672.5m from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.016 (vs ฿0.045 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿885.7m (down 18% from 3Q 2020). Net income: ฿13.5m (down 63% from 3Q 2020). Profit margin: 1.5% (down from 3.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: ฿0.02 loss per share (vs ฿0.009 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿1.01b (up 8.9% from 2Q 2020). Net loss: ฿15.0m (down 300% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.49 (vs ฿0.05 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.37b (up 4.2% from 1Q 2020). Net income: ฿398.2m (up ฿357.2m from 1Q 2020). Profit margin: 29% (up from 3.1% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Mar 12New 90-day high: ฿10.20The company is up 10.0% from its price of ฿9.25 on 09 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 16% over the same period.
Reported Earnings • Mar 03Full year 2020 earnings released: ฿0.21 loss per share (vs ฿0.42 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿5.03b (down 24% from FY 2019). Net loss: ฿175.4m (down 151% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.045The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.09b (down 28% from 3Q 2019). Net income: ฿36.6m (down 42% from 3Q 2019). Profit margin: 3.4% (down from 4.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Nov 16New 90-day low: ฿8.90The company is down 9.0% from its price of ฿9.75 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Oct 26New 90-day low: ฿9.20The company is down 6.0% from its price of ฿9.75 on 24 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is flat over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: ฿9.25The company is down 6.0% from its price of ฿9.80 on 25 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 Entertainment industry, which is up 8.0% over the same period.