View Financial HealthPrimo Service Solutions 배당 및 자사주 매입배당 기준 점검 2/6Primo Service Solutions 수익으로 충분히 충당되는 현재 수익률 5.3% 보유한 배당금 지급 회사입니다.핵심 정보5.3%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향34%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (4.8%).Upcoming Dividend • May 20Upcoming dividend of ฿0.31 per shareEligible shareholders must have bought the stock before 27 May 2025. Payment date: 16 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 26%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (5.9%).공고 • Feb 28+ 1 more updatePrimo Service Solutions Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Primo Service Solutions Public Company Limited at its Annual General Meeting of Shareholders to be held on 25 April 2025, proposed the omission of dividend for the operating period from 01 January 2024 to 31 December 2024.Upcoming Dividend • Nov 21Upcoming dividend of ฿0.38 per shareEligible shareholders must have bought the stock before 27 November 2024. Payment date: 12 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 16%. Within top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (4.6%).Upcoming Dividend • Mar 06Upcoming dividend of ฿1.03 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).모든 업데이트 보기Recent updatesReported Earnings • May 17First quarter 2026 earnings released: EPS: ฿0.094 (vs ฿0.12 in 1Q 2025)First quarter 2026 results: EPS: ฿0.094 (down from ฿0.12 in 1Q 2025). Revenue: ฿326.6m (down 6.5% from 1Q 2025). Net income: ฿30.2m (down 19% from 1Q 2025). Profit margin: 9.3% (down from 11% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (4.8%).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.58 (vs ฿0.80 in FY 2024)Full year 2025 results: EPS: ฿0.58 (down from ฿0.80 in FY 2024). Revenue: ฿1.85b (up 13% from FY 2024). Net income: ฿186.2m (down 27% from FY 2024). Profit margin: 10% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.공고 • Feb 27Primo Service Solutions Public Company Limited, Annual General Meeting, Apr 28, 2026Primo Service Solutions Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.21 (vs ฿0.22 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.21 (down from ฿0.22 in 3Q 2024). Revenue: ฿573.7m (up 37% from 3Q 2024). Net income: ฿65.8m (down 7.0% from 3Q 2024). Profit margin: 12% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses.New Risk • Nov 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿1.50b market cap, or US$46.4m).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.16 (vs ฿0.22 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.16 (down from ฿0.22 in 2Q 2024). Revenue: ฿433.4m (up 17% from 2Q 2024). Net income: ฿51.1m (down 26% from 2Q 2024). Profit margin: 12% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses.Upcoming Dividend • May 20Upcoming dividend of ฿0.31 per shareEligible shareholders must have bought the stock before 27 May 2025. Payment date: 16 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 26%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (5.9%).Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.25 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (down from ฿0.25 in 1Q 2024). Revenue: ฿349.4m (down 16% from 1Q 2024). Net income: ฿37.4m (down 53% from 1Q 2024). Profit margin: 11% (down from 19% in 1Q 2024). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿6.30, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 60% over the past year.Reported Earnings • Mar 01Full year 2024 earnings released: EPS: ฿0.80 (vs ฿1.14 in FY 2023)Full year 2024 results: EPS: ฿0.80 (down from ฿1.14 in FY 2023). Revenue: ฿1.64b (down 15% from FY 2023). Net income: ฿255.8m (down 30% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue.New Risk • Feb 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Cash payout ratio: 121% Minor Risk Market cap is less than US$100m (฿1.60b market cap, or US$46.9m).공고 • Feb 28+ 1 more updatePrimo Service Solutions Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Primo Service Solutions Public Company Limited at its Annual General Meeting of Shareholders to be held on 25 April 2025, proposed the omission of dividend for the operating period from 01 January 2024 to 31 December 2024.Upcoming Dividend • Nov 21Upcoming dividend of ฿0.38 per shareEligible shareholders must have bought the stock before 27 November 2024. Payment date: 12 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 16%. Within top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (4.6%).New Risk • Oct 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.20b (US$95.6m) 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 313% High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (฿3.20b market cap, or US$95.6m).Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿11.30, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 58% over the past year.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿8.70, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 68% over the past year.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.22 (vs ฿0.29 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.22 (down from ฿0.29 in 2Q 2023). Revenue: ฿370.7m (down 17% from 2Q 2023). Net income: ฿69.2m (down 25% from 2Q 2023). Profit margin: 19% (down from 21% in 2Q 2023). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿11.10, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total loss to shareholders of 61% over the past year.New Risk • May 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.46b (US$93.9m) 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 375% High level of non-cash earnings (47% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (฿3.46b market cap, or US$93.9m).Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿12.40, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total loss to shareholders of 59% over the past year.Buy Or Sell Opportunity • May 08Now 22% overvaluedOver the last 90 days, the stock has fallen 28% to ฿15.00. The fair value is estimated to be ฿12.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 18%.Board Change • Apr 30Less 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 Boonyarit Kalayanamit was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Apr 27Primo Service Solutions Public Company Limited Announces Board ChangesPrimo Service Solutions Public Company Limited announced that at the AGM held on April 23, 2024, approved the appointment of new director, in addition, as Mr. Sumeth Ratanasrikul has resigned from the position of Director of the Company, by appointing Mr. Niwat Lomunphan as a new additional director of the Company.Upcoming Dividend • Mar 06Upcoming dividend of ฿1.03 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿1.14 (vs ฿1.45 in FY 2022)Full year 2023 results: EPS: ฿1.14. Revenue: ฿1.92b (up 110% from FY 2022). Net income: ฿365.2m (up 52% from FY 2022). Profit margin: 19% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses.공고 • Feb 29+ 1 more updatePrimo Service Solutions Public Company Limited, Annual General Meeting, Apr 23, 2024Primo Service Solutions Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and acknowledge the 2023 operational results of the Company and the Annual Report of the Board of Directors; to consider and approve the Financial Statement and Comprehensive Income Statement for the year ending 31 December 2023 which have been audited by the certified public accountant; to consider the approval of allocating profits as reserves according to regulations and suspending dividend payments for the 2023; to consider and approve the re-election of the directors who are due to retire by rotation and appointment of new board members; to consider and approve the amendments of the Company's Articles of Association; and to discuss other matters.공고 • Jan 24+ 1 more updatePrimo Service Solutions Public Company Limited Announces Directorate ChangesPrimo Service Solutions Public Company Limited at its board meeting held on 24 January 2024, approved the resignation of the director of the Company, provided that there was one directors who resigned from the position. The resignation will be effective on 24 Januay 2024 onwards. Approved the appointment of Mr. Surin Sahachatpocanan as the director in place of Mr. Pichet Pinijpol. The appointment will be effective on 24 Januay 2024 onwards. The aforementioned matters were considered by the Nomination and Remuneration Committee. Approved the appointment of Mr. Surin Sahachatpocanan as the Nomination and Remuneration Committee and the Risk Management Committee in place of Mr. Pichet Pinijpol. The appointment will be effective on 24 Januay 2024 onwards. The aforementioned matters were considered by the Nomination and Remuneration Committee.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.34 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.32. Revenue: ฿503.9m (up 115% from 3Q 2022). Net income: ฿101.1m (up 69% from 3Q 2022). Profit margin: 20% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses.공고 • Oct 01+ 1 more updatePrimo Service Solutions Public Company Limited Announces Chief Executive Officer Changes, Effective on 1 November 2023Primo Service Solutions Public Company Limited approved the appointment of Mr. Pichet Pinijpol as the Chief Executive Officer in place of Ms. Jatuporn Wilaikaew. The appointment will be effective on 1 November 2023 onwards.공고 • Sep 12Primo Service Solutions Public Company Limited Announces Executive ChangesPrimo Service Solutions Public Company Limited announced termination of Miss Umarin Auyananon as Position of Chief Accountant: Accounting Manager, effective date: 8 September 2023. Company also appointed Miss Thamonwan Yanarat as Chief accountant: Senior Accounting Officer, effective 8 September 2023.공고 • Aug 18Primo Service Solutions Public Company Limited Announces Executive ChangesPrimo Service Solutions Public Company Limited notify the resolutions of the Board of Directors' Meeting No. 6/2023 convened on 14 August 2023 resolved to acknowledge the resignation of the director of the Company, provided that there was one (1) director who resigned from the position, namely, Mr. Sumeth Ratanasrikul. The resignation will be effective on 14 August 2023 onwards. Approved the appointment of Mr. Boonyarit Kalayanamit as the Risk Management Committee in place of Mr. Marote Vananan. The appointment will be effective on 14 August 2023 onwards. The aforementioned matters were considered by the Nomination and Remuneration Committee.New Risk • Aug 17New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 124% Dividend yield: 2.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change).Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ฿0.29 (vs ฿0.41 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.29. Revenue: ฿446.0m (up 162% from 2Q 2022). Net income: ฿91.7m (up 107% from 2Q 2022). Profit margin: 21% (down from 26% in 2Q 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿29.25, the stock trades at a trailing P/E ratio of 33x. Average forward P/E is 8x in the Real Estate industry in Thailand.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿36.75, the stock trades at a trailing P/E ratio of 41.5x. Average forward P/E is 8x in the Real Estate industry in Thailand.공고 • May 30Primo Service Solutions Public Company Limited Approves Board ChangesPrimo Service Solutions Public Company Limited at its Board of Director meeting held on May 12, 2023 approved the resignation of Mr. Theinruj Toranavikrai as Independent Director and Member of Audit Committee, effective May 12, 2023. The company approved the appointment of Mr. Boonyarit Kalayanamit as Independent Director and Member of Audit Committee, effective May 12, 2023.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.27 (vs ฿0.41 in 1Q 2022)First quarter 2023 results: EPS: ฿0.27. Revenue: ฿395.9m (up 132% from 1Q 2022). Net income: ฿87.9m (up 98% from 1Q 2022). Profit margin: 22% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿38.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 11x in the Real Estate industry in Thailand.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿35.50, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 10x in the Real Estate industry in Thailand.Reported Earnings • Dec 01Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: ฿0.34. Net income: ฿59.7m (up ฿59.7m from 3Q 2021).지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: PRI 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: PRI 3 년 동안만 배당금을 지급해 왔으며 그 이후 지급액이 감소했습니다.배당 수익률 vs 시장Primo Service Solutions 배당 수익률 vs 시장PRI의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (PRI)5.3%시장 하위 25% (TH)3.1%시장 상위 25% (TH)7.2%업계 평균 (Real Estate)4.4%분석가 예측 (PRI) (최대 3년)n/a주목할만한 배당금: PRI 의 배당금( 5.3% )은 TH 시장에서 배당금 지급자의 하위 25%( 3.12% )보다 높습니다.고배당: PRI 의 배당금( 5.3% )은 TH 시장에서 배당금 지급자의 상위 25%( 7.16% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 33.7% )로 PRI 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: PRI 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/29 22:46종가2026/07/27 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 소스Primo Service Solutions Public Company Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jaruchart BuchachartYuanta Securities (Thailand) Company Limited
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (4.8%).
Upcoming Dividend • May 20Upcoming dividend of ฿0.31 per shareEligible shareholders must have bought the stock before 27 May 2025. Payment date: 16 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 26%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (5.9%).
공고 • Feb 28+ 1 more updatePrimo Service Solutions Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Primo Service Solutions Public Company Limited at its Annual General Meeting of Shareholders to be held on 25 April 2025, proposed the omission of dividend for the operating period from 01 January 2024 to 31 December 2024.
Upcoming Dividend • Nov 21Upcoming dividend of ฿0.38 per shareEligible shareholders must have bought the stock before 27 November 2024. Payment date: 12 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 16%. Within top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (4.6%).
Upcoming Dividend • Mar 06Upcoming dividend of ฿1.03 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).
Reported Earnings • May 17First quarter 2026 earnings released: EPS: ฿0.094 (vs ฿0.12 in 1Q 2025)First quarter 2026 results: EPS: ฿0.094 (down from ฿0.12 in 1Q 2025). Revenue: ฿326.6m (down 6.5% from 1Q 2025). Net income: ฿30.2m (down 19% from 1Q 2025). Profit margin: 9.3% (down from 11% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (4.8%).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.58 (vs ฿0.80 in FY 2024)Full year 2025 results: EPS: ฿0.58 (down from ฿0.80 in FY 2024). Revenue: ฿1.85b (up 13% from FY 2024). Net income: ฿186.2m (down 27% from FY 2024). Profit margin: 10% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.
공고 • Feb 27Primo Service Solutions Public Company Limited, Annual General Meeting, Apr 28, 2026Primo Service Solutions Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.21 (vs ฿0.22 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.21 (down from ฿0.22 in 3Q 2024). Revenue: ฿573.7m (up 37% from 3Q 2024). Net income: ฿65.8m (down 7.0% from 3Q 2024). Profit margin: 12% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses.
New Risk • Nov 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿1.50b market cap, or US$46.4m).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.16 (vs ฿0.22 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.16 (down from ฿0.22 in 2Q 2024). Revenue: ฿433.4m (up 17% from 2Q 2024). Net income: ฿51.1m (down 26% from 2Q 2024). Profit margin: 12% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses.
Upcoming Dividend • May 20Upcoming dividend of ฿0.31 per shareEligible shareholders must have bought the stock before 27 May 2025. Payment date: 16 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 26%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (5.9%).
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.25 in 1Q 2024)First quarter 2025 results: EPS: ฿0.12 (down from ฿0.25 in 1Q 2024). Revenue: ฿349.4m (down 16% from 1Q 2024). Net income: ฿37.4m (down 53% from 1Q 2024). Profit margin: 11% (down from 19% in 1Q 2024). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿6.30, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 60% over the past year.
Reported Earnings • Mar 01Full year 2024 earnings released: EPS: ฿0.80 (vs ฿1.14 in FY 2023)Full year 2024 results: EPS: ฿0.80 (down from ฿1.14 in FY 2023). Revenue: ฿1.64b (down 15% from FY 2023). Net income: ฿255.8m (down 30% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue.
New Risk • Feb 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Cash payout ratio: 121% Minor Risk Market cap is less than US$100m (฿1.60b market cap, or US$46.9m).
공고 • Feb 28+ 1 more updatePrimo Service Solutions Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Primo Service Solutions Public Company Limited at its Annual General Meeting of Shareholders to be held on 25 April 2025, proposed the omission of dividend for the operating period from 01 January 2024 to 31 December 2024.
Upcoming Dividend • Nov 21Upcoming dividend of ฿0.38 per shareEligible shareholders must have bought the stock before 27 November 2024. Payment date: 12 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 16%. Within top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (4.6%).
New Risk • Oct 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.20b (US$95.6m) 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 313% High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (฿3.20b market cap, or US$95.6m).
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿11.30, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 58% over the past year.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ฿8.70, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 68% over the past year.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.22 (vs ฿0.29 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.22 (down from ฿0.29 in 2Q 2023). Revenue: ฿370.7m (down 17% from 2Q 2023). Net income: ฿69.2m (down 25% from 2Q 2023). Profit margin: 19% (down from 21% in 2Q 2023). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿11.10, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total loss to shareholders of 61% over the past year.
New Risk • May 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.46b (US$93.9m) 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 375% High level of non-cash earnings (47% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (฿3.46b market cap, or US$93.9m).
Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿12.40, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total loss to shareholders of 59% over the past year.
Buy Or Sell Opportunity • May 08Now 22% overvaluedOver the last 90 days, the stock has fallen 28% to ฿15.00. The fair value is estimated to be ฿12.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 18%.
Board Change • Apr 30Less 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 Boonyarit Kalayanamit was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Apr 27Primo Service Solutions Public Company Limited Announces Board ChangesPrimo Service Solutions Public Company Limited announced that at the AGM held on April 23, 2024, approved the appointment of new director, in addition, as Mr. Sumeth Ratanasrikul has resigned from the position of Director of the Company, by appointing Mr. Niwat Lomunphan as a new additional director of the Company.
Upcoming Dividend • Mar 06Upcoming dividend of ฿1.03 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿1.14 (vs ฿1.45 in FY 2022)Full year 2023 results: EPS: ฿1.14. Revenue: ฿1.92b (up 110% from FY 2022). Net income: ฿365.2m (up 52% from FY 2022). Profit margin: 19% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses.
공고 • Feb 29+ 1 more updatePrimo Service Solutions Public Company Limited, Annual General Meeting, Apr 23, 2024Primo Service Solutions Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and acknowledge the 2023 operational results of the Company and the Annual Report of the Board of Directors; to consider and approve the Financial Statement and Comprehensive Income Statement for the year ending 31 December 2023 which have been audited by the certified public accountant; to consider the approval of allocating profits as reserves according to regulations and suspending dividend payments for the 2023; to consider and approve the re-election of the directors who are due to retire by rotation and appointment of new board members; to consider and approve the amendments of the Company's Articles of Association; and to discuss other matters.
공고 • Jan 24+ 1 more updatePrimo Service Solutions Public Company Limited Announces Directorate ChangesPrimo Service Solutions Public Company Limited at its board meeting held on 24 January 2024, approved the resignation of the director of the Company, provided that there was one directors who resigned from the position. The resignation will be effective on 24 Januay 2024 onwards. Approved the appointment of Mr. Surin Sahachatpocanan as the director in place of Mr. Pichet Pinijpol. The appointment will be effective on 24 Januay 2024 onwards. The aforementioned matters were considered by the Nomination and Remuneration Committee. Approved the appointment of Mr. Surin Sahachatpocanan as the Nomination and Remuneration Committee and the Risk Management Committee in place of Mr. Pichet Pinijpol. The appointment will be effective on 24 Januay 2024 onwards. The aforementioned matters were considered by the Nomination and Remuneration Committee.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.34 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.32. Revenue: ฿503.9m (up 115% from 3Q 2022). Net income: ฿101.1m (up 69% from 3Q 2022). Profit margin: 20% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses.
공고 • Oct 01+ 1 more updatePrimo Service Solutions Public Company Limited Announces Chief Executive Officer Changes, Effective on 1 November 2023Primo Service Solutions Public Company Limited approved the appointment of Mr. Pichet Pinijpol as the Chief Executive Officer in place of Ms. Jatuporn Wilaikaew. The appointment will be effective on 1 November 2023 onwards.
공고 • Sep 12Primo Service Solutions Public Company Limited Announces Executive ChangesPrimo Service Solutions Public Company Limited announced termination of Miss Umarin Auyananon as Position of Chief Accountant: Accounting Manager, effective date: 8 September 2023. Company also appointed Miss Thamonwan Yanarat as Chief accountant: Senior Accounting Officer, effective 8 September 2023.
공고 • Aug 18Primo Service Solutions Public Company Limited Announces Executive ChangesPrimo Service Solutions Public Company Limited notify the resolutions of the Board of Directors' Meeting No. 6/2023 convened on 14 August 2023 resolved to acknowledge the resignation of the director of the Company, provided that there was one (1) director who resigned from the position, namely, Mr. Sumeth Ratanasrikul. The resignation will be effective on 14 August 2023 onwards. Approved the appointment of Mr. Boonyarit Kalayanamit as the Risk Management Committee in place of Mr. Marote Vananan. The appointment will be effective on 14 August 2023 onwards. The aforementioned matters were considered by the Nomination and Remuneration Committee.
New Risk • Aug 17New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 124% Dividend yield: 2.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change).
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ฿0.29 (vs ฿0.41 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.29. Revenue: ฿446.0m (up 162% from 2Q 2022). Net income: ฿91.7m (up 107% from 2Q 2022). Profit margin: 21% (down from 26% in 2Q 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿29.25, the stock trades at a trailing P/E ratio of 33x. Average forward P/E is 8x in the Real Estate industry in Thailand.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿36.75, the stock trades at a trailing P/E ratio of 41.5x. Average forward P/E is 8x in the Real Estate industry in Thailand.
공고 • May 30Primo Service Solutions Public Company Limited Approves Board ChangesPrimo Service Solutions Public Company Limited at its Board of Director meeting held on May 12, 2023 approved the resignation of Mr. Theinruj Toranavikrai as Independent Director and Member of Audit Committee, effective May 12, 2023. The company approved the appointment of Mr. Boonyarit Kalayanamit as Independent Director and Member of Audit Committee, effective May 12, 2023.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.27 (vs ฿0.41 in 1Q 2022)First quarter 2023 results: EPS: ฿0.27. Revenue: ฿395.9m (up 132% from 1Q 2022). Net income: ฿87.9m (up 98% from 1Q 2022). Profit margin: 22% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿38.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 11x in the Real Estate industry in Thailand.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿35.50, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 10x in the Real Estate industry in Thailand.
Reported Earnings • Dec 01Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: ฿0.34. Net income: ฿59.7m (up ฿59.7m from 3Q 2021).