View ValuationCom7 향후 성장Future 기준 점검 2/6Com7 (는) 각각 연간 5.9% 및 4.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 5.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 34.5% 로 예상됩니다.핵심 정보5.9%이익 성장률5.37%EPS 성장률Specialty Retail 이익 성장9.2%매출 성장률4.9%향후 자기자본이익률34.50%애널리스트 커버리지Good마지막 업데이트05 Jun 2026최근 향후 성장 업데이트Price Target Changed • Nov 16Price target increased by 9.0% to ฿26.74Up from ฿24.53, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ฿26.50. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿1.35 for next year compared to ฿1.19 last year.Price Target Changed • Aug 22Price target increased by 7.4% to ฿22.90Up from ฿21.32, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿23.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.Price Target Changed • Aug 10Price target decreased by 8.6% to ฿21.32Down from ฿23.33, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of ฿20.20. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.26 for next year compared to ฿1.19 last year.Price Target Changed • Apr 02Price target decreased by 8.0% to ฿24.86Down from ฿27.03, the current price target is an average from 9 analysts. New target price is 29% above last closing price of ฿19.20. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.Price Target Changed • Feb 29Price target decreased by 8.6% to ฿27.82Down from ฿30.44, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿20.70. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.19 last year.Price Target Changed • Nov 17Price target decreased by 11% to ฿33.66Down from ฿37.79, the current price target is an average from 8 analysts. New target price is 46% above last closing price of ฿23.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.27 last year.모든 업데이트 보기Recent updatesNew Risk • 9hNew minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 125% Dividend yield: 4.1% 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: Minor Risks High level of debt (48% net debt to equity). Dividend is not well covered by cash flows (125% cash payout ratio).Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Plakorn Wanglee 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 16First quarter 2026 earnings: Revenues in line with analyst expectationsFirst quarter 2026 results: Revenue: ฿23.6b (up 13% from 1Q 2025). Net income: ฿1.23b (up 25% from 1Q 2025). Profit margin: 5.2% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in Thailand.Reported Earnings • Feb 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.71 (up from ฿1.39 in FY 2024). Revenue: ฿87.5b (up 10% from FY 2024). Net income: ฿4.06b (up 23% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Declared Dividend • Feb 26Dividend increased to ฿1.10Dividend of ฿1.10 is 28% higher than last year. Ex-date: 10th March 2026 Payment date: 8th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 24% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 25+ 1 more updateCom7 Public Company Limited announces Annual dividend, payable on May 08, 2026Com7 Public Company Limited announced Annual dividend of THB 1.1000 per share payable on May 08, 2026, ex-date on March 10, 2026 and record date on March 11, 2026.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ฿0.37 (up from ฿0.30 in 3Q 2024). Revenue: ฿19.3b (up 6.9% from 3Q 2024). Net income: ฿872.0m (up 23% from 3Q 2024). Profit margin: 4.5% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Nov 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to ฿23.50. The fair value is estimated to be ฿29.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.New Risk • Aug 15New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 98% Dividend yield: 3.5% 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: Minor Risks High level of debt (82% net debt to equity). Dividend is not well covered by cash flows (98% cash payout ratio).Reported Earnings • Aug 15Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.43 (up from ฿0.32 in 2Q 2024). Revenue: ฿20.8b (up 13% from 2Q 2024). Net income: ฿1.00b (up 33% from 2Q 2024). Profit margin: 4.8% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jun 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to ฿17.60. The fair value is estimated to be ฿22.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.공시 • Jun 13Com7 Public Company Limited Announces Appointment of Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025Com7 Public Company Limited announced appointment of Mr. Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025. The Audit Committee is consisted of CHAIRMAN OF THE AUDIT COMMITTEE Mr. SIRIPONG SOMBUTSIRI 2 Year 10 Month AUDIT COMMITTEE Mr. PLAKORN WANGLEE 1 Year 10 Month AUDIT COMMITTEE Mr. KASHPOL CHULAJATA 10 Month SECRETARY OF THE AUDIT COMMITTEE Ms. WORANAN JIRATHAMKUL.Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿18.80. The fair value is estimated to be ฿23.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.42 (up from ฿0.34 in 1Q 2024). Revenue: ฿20.9b (up 8.6% from 1Q 2024). Net income: ฿980.7m (up 19% from 1Q 2024). Profit margin: 4.7% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.공시 • Apr 29Com7 Public Company Limited Approves Dividend for 2024, Payable on 15 May 2025Com7 Public Company Limited at its Annual General Meeting of Shareholders held on 28 April 2025, approved the dividend payment to the shareholders from the net profits of 2024 operating results at the rate of THB 0.86 per share, for 2,354,998,265 shares, totaling THB 2,025,298,507.90. The lists of shareholders who are eligible to receive dividends are fixed on 11 March 2025 (Record Date), and dividend payment is scheduled on 15 May 2025.Declared Dividend • Mar 02Dividend increased to ฿0.86Dividend of ฿0.86 is 23% higher than last year. Ex-date: 10th March 2025 Payment date: 15th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 26Com7 Public Company Limited Proposes Dividend of the Year 2024Com7 Public Company Limited proposed to the 2025 AGM for consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2024 to the shareholders at the rate of THB 0.86 Baht per share, for 2,354,998,265 shares by excluding treasury shares, totaling THB 2,025,298,507.90 by scheduling for 11 March 2025 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders shall be within 15 May 2025. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.Reported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.39 (up from ฿1.19 in FY 2023). Revenue: ฿79.2b (up 14% from FY 2023). Net income: ฿3.31b (up 16% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. 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 19% per year, which means it is significantly lagging earnings.공시 • Feb 25Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025, at 10:00 SE Asia Standard Time.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.30 (vs ฿0.26 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.30 (up from ฿0.26 in 3Q 2023). Revenue: ฿18.0b (up 10% from 3Q 2023). Net income: ฿708.8m (up 16% from 3Q 2023). Profit margin: 3.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 16Price target increased by 9.0% to ฿26.74Up from ฿24.53, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ฿26.50. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿1.35 for next year compared to ฿1.19 last year.Price Target Changed • Aug 22Price target increased by 7.4% to ฿22.90Up from ฿21.32, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿23.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.Buy Or Sell Opportunity • Aug 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ฿22.60. The fair value is estimated to be ฿18.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues in line with analyst expectationsSecond quarter 2024 results: Revenue: ฿18.4b (up 15% from 2Q 2023). Net income: ฿752.3m (up 6.8% from 2Q 2023). Profit margin: 4.1% (down from 4.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Thailand.Price Target Changed • Aug 10Price target decreased by 8.6% to ฿21.32Down from ฿23.33, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of ฿20.20. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.26 for next year compared to ฿1.19 last year.Buy Or Sell Opportunity • Jul 23Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ฿20.30. The fair value is estimated to be ฿16.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Buy Or Sell Opportunity • Jul 01Now 26% overvaluedOver the last 90 days, the stock has fallen 1.0% to ฿19.00. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Buy Or Sell Opportunity • Jun 28Now 25% overvaluedOver the last 90 days, the stock has fallen 2.6% to ฿18.60. The fair value is estimated to be ฿14.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.공시 • Jun 28Com7 Public Company Limited (SET:COM7) announces an Equity Buyback for 45,000,000 shares, representing 1.88% for THB 800 million.Com7 Public Company Limited (SET:COM7) announces a share repurchase program. Under the program, the company will repurchase up to 45,000,000 common shares, representing 1.88% of its issued share capital for THB 800 million. The shares will be repurchased at a price not exceeding 115% of the average closing price of five consecutive business days prior to each repurchase date. The program is being conducted for financial management purposes like to manage the excess liquidity of the company, enhance the ratios like return on equity and the earning per share. The repurchased shares will be resold or written off. The program will expire on December 31, 2024. As of March 8, 2024, the company had 2,399,998,265 issued and outstanding shares.Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.34 (vs ฿0.36 in 1Q 2023)First quarter 2024 results: EPS: ฿0.34 (down from ฿0.36 in 1Q 2023). Revenue: ฿19.3b (up 12% from 1Q 2023). Net income: ฿821.8m (down 5.9% from 1Q 2023). Profit margin: 4.3% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 02Price target decreased by 8.0% to ฿24.86Down from ฿27.03, the current price target is an average from 9 analysts. New target price is 29% above last closing price of ฿19.20. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.Buy Or Sell Opportunity • Mar 21Now 23% overvaluedOver the last 90 days, the stock has fallen 21% to ฿18.60. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Price Target Changed • Feb 29Price target decreased by 8.6% to ฿27.82Down from ฿30.44, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿20.70. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.19 last year.Upcoming Dividend • Feb 29Upcoming dividend of ฿0.70 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.6%).Declared Dividend • Feb 24Dividend reduced to ฿0.70Dividend of ฿0.70 is 6.7% lower than last year. Ex-date: 7th March 2024 Payment date: 10th May 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (dividend approximately 34x free cash flows). The dividend has increased by an average of 28% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 23Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024, at 03:00 Coordinated Universal Time. Agenda: To consider and certify the minutes of the 2023 Annual General Meeting of Shareholders; to consider and acknowledge the Company's 2023 operating result; to consider and approve the consolidated financial statements for the year ended 31 December 2023; to consider and approve the payment of dividends to shareholders from the operating result ended 31 December 2023; To consider and approve the appointment of auditors and the determination of the audit fee for the year 2024; to consider and approve the appointment of directors replacing those retire by rotation; to consider and approve the determination of the director's remuneration for the year 2024; and to consider Other business (if any).Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿1.19 (vs ฿1.27 in FY 2022)Full year 2023 results: EPS: ฿1.19 (down from ฿1.27 in FY 2022). Revenue: ฿69.6b (up 11% from FY 2022). Net income: ฿2.86b (down 5.9% from FY 2022). Profit margin: 4.1% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Feb 23Com7 Public Company Limited Proposes Dividend of the Year 2023Com7 Public Company Limited at its Meeting held on February 22, 2024 resolved to propose to the 2024 AGM for the consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2023 to the shareholders at the rate of THB 0.70 per share, for 2,384,998,265 shares by excluding treasury shares, totaling THB 1,669,498,785.50 by scheduling for 8 March 2024 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders at 10 May 2024. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.Price Target Changed • Nov 17Price target decreased by 11% to ฿33.66Down from ฿37.79, the current price target is an average from 8 analysts. New target price is 46% above last closing price of ฿23.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.27 last year.Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ฿0.25 (down from ฿0.30 in 3Q 2022). Revenue: ฿16.3b (up 8.5% from 3Q 2022). Net income: ฿611.4m (down 16% from 3Q 2022). Profit margin: 3.7% (down from 4.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.New Risk • Nov 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change).Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿21.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.35 per share.New Risk • Aug 10New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share).Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: ฿0.29 (up from ฿0.26 in 2Q 2022). Revenue: ฿16.0b (up 11% from 2Q 2022). Net income: ฿704.1m (up 14% from 2Q 2022). Profit margin: 4.4% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.36 (vs ฿0.33 in 1Q 2022)First quarter 2023 results: EPS: ฿0.36 (up from ฿0.33 in 1Q 2022). Revenue: ฿17.3b (up 18% from 1Q 2022). Net income: ฿873.7m (up 12% from 1Q 2022). Profit margin: 5.0% (down from 5.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 30% per year.Board Change • Mar 30Less 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. No experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somboon Aueatchasai 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.Upcoming Dividend • Mar 01Upcoming dividend of ฿0.75 per share at 2.4% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.6%). In line with average of industry peers (2.2%).Board Change • Nov 16Less 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 Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Oct 03Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿35.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 32% in the next 2 years.Price Target Changed • Aug 25Price target decreased to ฿39.10Down from ฿42.73, the current price target is an average from 5 analysts. New target price is 8.6% above last closing price of ฿36.00. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of ฿1.25 for next year compared to ฿1.10 last year.Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿1.07 to ฿1.42. Revenue forecast unchanged at ฿61.3b. Net income forecast to grow 24% next year vs 21% growth forecast for Specialty Retail industry in Thailand. Consensus price target of ฿47.00 unchanged from last update. Share price rose 3.4% to ฿37.50 over the past week.Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.33 (up from ฿0.23 in 1Q 2021). Revenue: ฿14.7b (up 23% from 1Q 2021). Net income: ฿783.2m (up 39% from 1Q 2021). Profit margin: 5.3% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 17%, compared to a 8.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Price Target Changed • Mar 10Price target increased to ฿94.00Up from ฿87.07, the current price target is an average from 4 analysts. New target price is 125% above last closing price of ฿41.75. Stock is up 49% over the past year. The company is forecast to post earnings per share of ฿2.15 for next year compared to ฿2.19 last year.Major Estimate Revision • Mar 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿55.6b to ฿61.4b. EPS estimate fell from ฿2.45 to ฿2.15. Net income forecast to grow 28% next year vs 20% growth forecast for Specialty Retail industry in Thailand. Consensus price target up from ฿87.07 to ฿92.00. Share price was steady at ฿82.25 over the past week.Reported Earnings • Mar 02Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿2.19 (up from ฿1.24 in FY 2020). Revenue: ฿51.3b (up 37% from FY 2020). Net income: ฿2.63b (up 77% from FY 2020). Profit margin: 5.1% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 8.4%, compared to a 11% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Dec 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.49 (vs ฿0.23 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿11.5b (up 49% from 2Q 2020). Net income: ฿587.0m (up 114% from 2Q 2020). Profit margin: 5.1% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.47 (vs ฿0.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿12.0b (up 47% from 1Q 2020). Net income: ฿565.6m (up 97% from 1Q 2020). Profit margin: 4.7% (up from 3.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 09Price target increased to ฿66.80Up from ฿59.04, the current price target is an average from 6 analysts. New target price is 9.7% below last closing price of ฿74.00. Stock is up 254% over the past year.Upcoming Dividend • Apr 25Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 29 April 2021. Payment date: 21 May 2021. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.1%).Price Target Changed • Mar 02Price target raised to ฿53.08Up from ฿46.50, the current price target is an average from 6 analysts. The new target price is close to the current share price of ฿54.50. As of last close, the stock is up 141% over the past year.Major Estimate Revision • Mar 02Analysts increase EPS estimates to ฿1.54The 2021 consensus revenue estimate increased from ฿41.2b to ฿42.6b. The earnings per share estimate also received an upgrade from ฿1.40 to ฿1.54 for the same period. Net income is expected to grow by 24% next year compared to 26% growth forecast for the Specialty Retail industry in Thailand. The consensus price target increased from ฿46.50 to ฿53.08. Share price is up 20% to ฿54.50 over the past week.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿54.50, the stock is trading at a trailing P/E ratio of 44x, up from the previous P/E ratio of 36.7x. This compares to an average P/E of 29x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 216%.Is New 90 Day High Low • Feb 25New 90-day high: ฿51.25The company is up 27% from its price of ฿40.25 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.60 per share.Analyst Estimate Surprise Post Earnings • Feb 24Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 9.9%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand.Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿1.24 (vs ฿1.01 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿37.5b (up 12% from FY 2019). Net income: ฿1.49b (up 23% from FY 2019). Profit margin: 4.0% (up from 3.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 03New 90-day high: ฿45.25The company is up 6.0% from its price of ฿42.50 on 05 November 2020. The Thai market is up 22% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.77 per share.Is New 90 Day High Low • Jan 19New 90-day high: ฿44.75The company is up 10.0% from its price of ฿40.50 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.33 per share.Is New 90 Day High Low • Dec 21New 90-day low: ฿36.75The company is down 8.0% from its price of ฿40.00 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.71 per share.Is New 90 Day High Low • Nov 25New 90-day low: ฿38.00The company is down 8.0% from its price of ฿41.25 on 27 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿16.32 per share.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.31The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿8.98b (up 18% from 3Q 2019). Net income: ฿372.3m (up 30% from 3Q 2019). Profit margin: 4.1% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 11%, compared to a 5.2% growth forecast for the Specialty Retail industry in Thailand.Is New 90 Day High Low • Oct 08New 90-day high: ฿42.50The company is up 25% from its price of ฿34.00 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.10 per share.이익 및 매출 성장 예측SET:COM7 - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028102,6855,0444,4455,688612/31/202798,9904,8243,9435,276712/31/202693,5664,4913,7794,74973/31/202690,0904,3092,0793,932N/A12/31/202587,4664,0644,7986,070N/A9/30/202584,5213,8703,4014,446N/A6/30/202583,2543,7072,0992,613N/A3/31/202580,8633,4733,2533,593N/A12/31/202479,1873,3231,7022,153N/A9/30/202475,6902,9613,2673,852N/A6/30/202474,0212,8634,6885,406N/A3/31/202471,6352,8143,6724,580N/A12/31/202369,6262,85749910N/A9/30/202368,4783,0992,7313,523N/A6/30/202367,2213,212203892N/A3/31/202365,6273,1281,1291,628N/A12/31/202263,0263,0381,1501,644N/A9/30/202261,7453,035-1,288-851N/A6/30/202256,7492,881-1,266-862N/A3/31/202253,8472,848-1,423-1,055N/A12/31/202151,1512,630376705N/A9/30/202146,0372,2791,4401,763N/A6/30/202144,9452,0811,5271,804N/A3/31/202141,1721,7681,4731,729N/A12/31/202037,3531,4912,0702,308N/A9/30/202035,2691,3201,3561,572N/A6/30/202033,9101,2342,5792,803N/A3/31/202033,9081,2541,9832,195N/A12/31/201933,3901,216N/A726N/A9/30/201931,1001,096N/A640N/A6/30/201930,1401,044N/A1,074N/A3/31/201929,130966N/A1,254N/A12/31/201827,953891N/A1,001N/A9/30/201827,030839N/A298N/A6/30/201825,885754N/A-23N/A3/31/201824,102664N/A-9N/A12/31/201722,558609N/A0N/A9/30/201720,737543N/A674N/A6/30/201719,172483N/A3N/A3/31/201718,100437N/A-466N/A12/31/201617,177407N/A311N/A9/30/201616,213366N/A52N/A6/30/201615,586305N/A336N/A3/31/201615,012286N/A490N/A12/31/201514,986268N/A764N/A9/30/201514,537241N/A-15N/A6/30/201514,235237N/A140N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: COM7 의 연간 예상 수익 증가율(5.9%)이 saving rate(2.2%)보다 높습니다.수익 vs 시장: COM7 의 연간 수익(5.9%)이 TH 시장(11%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: COM7 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: COM7 의 수익(연간 4.9%)이 TH 시장(연간 10.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: COM7 의 수익(연간 4.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: COM7의 자본 수익률은 3년 후 34.5%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/13 06:00종가2026/06/12 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Com7 Public Company Limited는 18명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Anuwat SrikajornratkulAsia Plus Securities Company LimitedNuttapon KanwanphonBualuang Securities PCLPhoowadol PhoosodngernBualuang Securities PCL15명의 분석가 더 보기
Price Target Changed • Nov 16Price target increased by 9.0% to ฿26.74Up from ฿24.53, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ฿26.50. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿1.35 for next year compared to ฿1.19 last year.
Price Target Changed • Aug 22Price target increased by 7.4% to ฿22.90Up from ฿21.32, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿23.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.
Price Target Changed • Aug 10Price target decreased by 8.6% to ฿21.32Down from ฿23.33, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of ฿20.20. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.26 for next year compared to ฿1.19 last year.
Price Target Changed • Apr 02Price target decreased by 8.0% to ฿24.86Down from ฿27.03, the current price target is an average from 9 analysts. New target price is 29% above last closing price of ฿19.20. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.
Price Target Changed • Feb 29Price target decreased by 8.6% to ฿27.82Down from ฿30.44, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿20.70. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.19 last year.
Price Target Changed • Nov 17Price target decreased by 11% to ฿33.66Down from ฿37.79, the current price target is an average from 8 analysts. New target price is 46% above last closing price of ฿23.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.27 last year.
New Risk • 9hNew minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 125% Dividend yield: 4.1% 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: Minor Risks High level of debt (48% net debt to equity). Dividend is not well covered by cash flows (125% cash payout ratio).
Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Plakorn Wanglee 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 16First quarter 2026 earnings: Revenues in line with analyst expectationsFirst quarter 2026 results: Revenue: ฿23.6b (up 13% from 1Q 2025). Net income: ฿1.23b (up 25% from 1Q 2025). Profit margin: 5.2% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in Thailand.
Reported Earnings • Feb 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ฿1.71 (up from ฿1.39 in FY 2024). Revenue: ฿87.5b (up 10% from FY 2024). Net income: ฿4.06b (up 23% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Declared Dividend • Feb 26Dividend increased to ฿1.10Dividend of ฿1.10 is 28% higher than last year. Ex-date: 10th March 2026 Payment date: 8th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 24% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 25+ 1 more updateCom7 Public Company Limited announces Annual dividend, payable on May 08, 2026Com7 Public Company Limited announced Annual dividend of THB 1.1000 per share payable on May 08, 2026, ex-date on March 10, 2026 and record date on March 11, 2026.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ฿0.37 (up from ฿0.30 in 3Q 2024). Revenue: ฿19.3b (up 6.9% from 3Q 2024). Net income: ฿872.0m (up 23% from 3Q 2024). Profit margin: 4.5% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Nov 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to ฿23.50. The fair value is estimated to be ฿29.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
New Risk • Aug 15New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 98% Dividend yield: 3.5% 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: Minor Risks High level of debt (82% net debt to equity). Dividend is not well covered by cash flows (98% cash payout ratio).
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.43 (up from ฿0.32 in 2Q 2024). Revenue: ฿20.8b (up 13% from 2Q 2024). Net income: ฿1.00b (up 33% from 2Q 2024). Profit margin: 4.8% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jun 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to ฿17.60. The fair value is estimated to be ฿22.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.
공시 • Jun 13Com7 Public Company Limited Announces Appointment of Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025Com7 Public Company Limited announced appointment of Mr. Plakorn Wanglee as Independent Director, Audit Committee, Chairman of the Risk Management Committee, Effective Date 13 June 2025. The Audit Committee is consisted of CHAIRMAN OF THE AUDIT COMMITTEE Mr. SIRIPONG SOMBUTSIRI 2 Year 10 Month AUDIT COMMITTEE Mr. PLAKORN WANGLEE 1 Year 10 Month AUDIT COMMITTEE Mr. KASHPOL CHULAJATA 10 Month SECRETARY OF THE AUDIT COMMITTEE Ms. WORANAN JIRATHAMKUL.
Buy Or Sell Opportunity • Jun 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿18.80. The fair value is estimated to be ฿23.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.42 (up from ฿0.34 in 1Q 2024). Revenue: ฿20.9b (up 8.6% from 1Q 2024). Net income: ฿980.7m (up 19% from 1Q 2024). Profit margin: 4.7% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
공시 • Apr 29Com7 Public Company Limited Approves Dividend for 2024, Payable on 15 May 2025Com7 Public Company Limited at its Annual General Meeting of Shareholders held on 28 April 2025, approved the dividend payment to the shareholders from the net profits of 2024 operating results at the rate of THB 0.86 per share, for 2,354,998,265 shares, totaling THB 2,025,298,507.90. The lists of shareholders who are eligible to receive dividends are fixed on 11 March 2025 (Record Date), and dividend payment is scheduled on 15 May 2025.
Declared Dividend • Mar 02Dividend increased to ฿0.86Dividend of ฿0.86 is 23% higher than last year. Ex-date: 10th March 2025 Payment date: 15th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 26Com7 Public Company Limited Proposes Dividend of the Year 2024Com7 Public Company Limited proposed to the 2025 AGM for consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2024 to the shareholders at the rate of THB 0.86 Baht per share, for 2,354,998,265 shares by excluding treasury shares, totaling THB 2,025,298,507.90 by scheduling for 11 March 2025 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders shall be within 15 May 2025. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.
Reported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.39 (up from ฿1.19 in FY 2023). Revenue: ฿79.2b (up 14% from FY 2023). Net income: ฿3.31b (up 16% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. 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 19% per year, which means it is significantly lagging earnings.
공시 • Feb 25Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025Com7 Public Company Limited, Annual General Meeting, Apr 28, 2025, at 10:00 SE Asia Standard Time.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ฿0.30 (vs ฿0.26 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.30 (up from ฿0.26 in 3Q 2023). Revenue: ฿18.0b (up 10% from 3Q 2023). Net income: ฿708.8m (up 16% from 3Q 2023). Profit margin: 3.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 16Price target increased by 9.0% to ฿26.74Up from ฿24.53, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ฿26.50. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿1.35 for next year compared to ฿1.19 last year.
Price Target Changed • Aug 22Price target increased by 7.4% to ฿22.90Up from ฿21.32, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ฿23.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.
Buy Or Sell Opportunity • Aug 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ฿22.60. The fair value is estimated to be ฿18.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues in line with analyst expectationsSecond quarter 2024 results: Revenue: ฿18.4b (up 15% from 2Q 2023). Net income: ฿752.3m (up 6.8% from 2Q 2023). Profit margin: 4.1% (down from 4.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Thailand.
Price Target Changed • Aug 10Price target decreased by 8.6% to ฿21.32Down from ฿23.33, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of ฿20.20. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿1.26 for next year compared to ฿1.19 last year.
Buy Or Sell Opportunity • Jul 23Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ฿20.30. The fair value is estimated to be ฿16.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Buy Or Sell Opportunity • Jul 01Now 26% overvaluedOver the last 90 days, the stock has fallen 1.0% to ฿19.00. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Buy Or Sell Opportunity • Jun 28Now 25% overvaluedOver the last 90 days, the stock has fallen 2.6% to ฿18.60. The fair value is estimated to be ฿14.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
공시 • Jun 28Com7 Public Company Limited (SET:COM7) announces an Equity Buyback for 45,000,000 shares, representing 1.88% for THB 800 million.Com7 Public Company Limited (SET:COM7) announces a share repurchase program. Under the program, the company will repurchase up to 45,000,000 common shares, representing 1.88% of its issued share capital for THB 800 million. The shares will be repurchased at a price not exceeding 115% of the average closing price of five consecutive business days prior to each repurchase date. The program is being conducted for financial management purposes like to manage the excess liquidity of the company, enhance the ratios like return on equity and the earning per share. The repurchased shares will be resold or written off. The program will expire on December 31, 2024. As of March 8, 2024, the company had 2,399,998,265 issued and outstanding shares.
Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.34 (vs ฿0.36 in 1Q 2023)First quarter 2024 results: EPS: ฿0.34 (down from ฿0.36 in 1Q 2023). Revenue: ฿19.3b (up 12% from 1Q 2023). Net income: ฿821.8m (down 5.9% from 1Q 2023). Profit margin: 4.3% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 02Price target decreased by 8.0% to ฿24.86Down from ฿27.03, the current price target is an average from 9 analysts. New target price is 29% above last closing price of ฿19.20. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿1.32 for next year compared to ฿1.19 last year.
Buy Or Sell Opportunity • Mar 21Now 23% overvaluedOver the last 90 days, the stock has fallen 21% to ฿18.60. The fair value is estimated to be ฿15.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Price Target Changed • Feb 29Price target decreased by 8.6% to ฿27.82Down from ฿30.44, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿20.70. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.19 last year.
Upcoming Dividend • Feb 29Upcoming dividend of ฿0.70 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.6%).
Declared Dividend • Feb 24Dividend reduced to ฿0.70Dividend of ฿0.70 is 6.7% lower than last year. Ex-date: 7th March 2024 Payment date: 10th May 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (dividend approximately 34x free cash flows). The dividend has increased by an average of 28% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 23Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024Com7 Public Company Limited, Annual General Meeting, Apr 23, 2024, at 03:00 Coordinated Universal Time. Agenda: To consider and certify the minutes of the 2023 Annual General Meeting of Shareholders; to consider and acknowledge the Company's 2023 operating result; to consider and approve the consolidated financial statements for the year ended 31 December 2023; to consider and approve the payment of dividends to shareholders from the operating result ended 31 December 2023; To consider and approve the appointment of auditors and the determination of the audit fee for the year 2024; to consider and approve the appointment of directors replacing those retire by rotation; to consider and approve the determination of the director's remuneration for the year 2024; and to consider Other business (if any).
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿1.19 (vs ฿1.27 in FY 2022)Full year 2023 results: EPS: ฿1.19 (down from ฿1.27 in FY 2022). Revenue: ฿69.6b (up 11% from FY 2022). Net income: ฿2.86b (down 5.9% from FY 2022). Profit margin: 4.1% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Feb 23Com7 Public Company Limited Proposes Dividend of the Year 2023Com7 Public Company Limited at its Meeting held on February 22, 2024 resolved to propose to the 2024 AGM for the consideration and approval of the payment of dividend derived from the net profits of the operating results of the year 2023 to the shareholders at the rate of THB 0.70 per share, for 2,384,998,265 shares by excluding treasury shares, totaling THB 1,669,498,785.50 by scheduling for 8 March 2024 as the Record Date to determine the list of shareholders who are eligible to receive dividend and the date payable such dividend to the shareholders at 10 May 2024. The Company has allocated 10% of the Company's registered capital as a legal reserve; thus, no additional legal reserve shall be required.
Price Target Changed • Nov 17Price target decreased by 11% to ฿33.66Down from ฿37.79, the current price target is an average from 8 analysts. New target price is 46% above last closing price of ฿23.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿1.36 for next year compared to ฿1.27 last year.
Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ฿0.25 (down from ฿0.30 in 3Q 2022). Revenue: ฿16.3b (up 8.5% from 3Q 2022). Net income: ฿611.4m (down 16% from 3Q 2022). Profit margin: 3.7% (down from 4.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change).
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿21.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿25.35 per share.
New Risk • Aug 10New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share).
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: ฿0.29 (up from ฿0.26 in 2Q 2022). Revenue: ฿16.0b (up 11% from 2Q 2022). Net income: ฿704.1m (up 14% from 2Q 2022). Profit margin: 4.4% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.36 (vs ฿0.33 in 1Q 2022)First quarter 2023 results: EPS: ฿0.36 (up from ฿0.33 in 1Q 2022). Revenue: ฿17.3b (up 18% from 1Q 2022). Net income: ฿873.7m (up 12% from 1Q 2022). Profit margin: 5.0% (down from 5.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 30% per year.
Board Change • Mar 30Less 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. No experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Somboon Aueatchasai 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.
Upcoming Dividend • Mar 01Upcoming dividend of ฿0.75 per share at 2.4% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.6%). In line with average of industry peers (2.2%).
Board Change • Nov 16Less 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 Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Oct 03Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ฿35.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 32% in the next 2 years.
Price Target Changed • Aug 25Price target decreased to ฿39.10Down from ฿42.73, the current price target is an average from 5 analysts. New target price is 8.6% above last closing price of ฿36.00. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of ฿1.25 for next year compared to ฿1.10 last year.
Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿1.07 to ฿1.42. Revenue forecast unchanged at ฿61.3b. Net income forecast to grow 24% next year vs 21% growth forecast for Specialty Retail industry in Thailand. Consensus price target of ฿47.00 unchanged from last update. Share price rose 3.4% to ฿37.50 over the past week.
Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.33 (up from ฿0.23 in 1Q 2021). Revenue: ฿14.7b (up 23% from 1Q 2021). Net income: ฿783.2m (up 39% from 1Q 2021). Profit margin: 5.3% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 17%, compared to a 8.0% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Price Target Changed • Mar 10Price target increased to ฿94.00Up from ฿87.07, the current price target is an average from 4 analysts. New target price is 125% above last closing price of ฿41.75. Stock is up 49% over the past year. The company is forecast to post earnings per share of ฿2.15 for next year compared to ฿2.19 last year.
Major Estimate Revision • Mar 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿55.6b to ฿61.4b. EPS estimate fell from ฿2.45 to ฿2.15. Net income forecast to grow 28% next year vs 20% growth forecast for Specialty Retail industry in Thailand. Consensus price target up from ฿87.07 to ฿92.00. Share price was steady at ฿82.25 over the past week.
Reported Earnings • Mar 02Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿2.19 (up from ฿1.24 in FY 2020). Revenue: ฿51.3b (up 37% from FY 2020). Net income: ฿2.63b (up 77% from FY 2020). Profit margin: 5.1% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 8.4%, compared to a 11% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Dec 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khachaphon Chulachat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.48 (vs ฿0.31 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿10.1b (up 12% from 3Q 2020). Net income: ฿570.5m (up 53% from 3Q 2020). Profit margin: 5.6% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.49 (vs ฿0.23 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿11.5b (up 49% from 2Q 2020). Net income: ฿587.0m (up 114% from 2Q 2020). Profit margin: 5.1% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.47 (vs ฿0.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿12.0b (up 47% from 1Q 2020). Net income: ฿565.6m (up 97% from 1Q 2020). Profit margin: 4.7% (up from 3.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 09Price target increased to ฿66.80Up from ฿59.04, the current price target is an average from 6 analysts. New target price is 9.7% below last closing price of ฿74.00. Stock is up 254% over the past year.
Upcoming Dividend • Apr 25Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 29 April 2021. Payment date: 21 May 2021. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.1%).
Price Target Changed • Mar 02Price target raised to ฿53.08Up from ฿46.50, the current price target is an average from 6 analysts. The new target price is close to the current share price of ฿54.50. As of last close, the stock is up 141% over the past year.
Major Estimate Revision • Mar 02Analysts increase EPS estimates to ฿1.54The 2021 consensus revenue estimate increased from ฿41.2b to ฿42.6b. The earnings per share estimate also received an upgrade from ฿1.40 to ฿1.54 for the same period. Net income is expected to grow by 24% next year compared to 26% growth forecast for the Specialty Retail industry in Thailand. The consensus price target increased from ฿46.50 to ฿53.08. Share price is up 20% to ฿54.50 over the past week.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to ฿54.50, the stock is trading at a trailing P/E ratio of 44x, up from the previous P/E ratio of 36.7x. This compares to an average P/E of 29x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 216%.
Is New 90 Day High Low • Feb 25New 90-day high: ฿51.25The company is up 27% from its price of ฿40.25 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.60 per share.
Analyst Estimate Surprise Post Earnings • Feb 24Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 9.9%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand.
Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿1.24 (vs ฿1.01 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿37.5b (up 12% from FY 2019). Net income: ฿1.49b (up 23% from FY 2019). Profit margin: 4.0% (up from 3.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 03New 90-day high: ฿45.25The company is up 6.0% from its price of ฿42.50 on 05 November 2020. The Thai market is up 22% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.77 per share.
Is New 90 Day High Low • Jan 19New 90-day high: ฿44.75The company is up 10.0% from its price of ฿40.50 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.33 per share.
Is New 90 Day High Low • Dec 21New 90-day low: ฿36.75The company is down 8.0% from its price of ฿40.00 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿19.71 per share.
Is New 90 Day High Low • Nov 25New 90-day low: ฿38.00The company is down 8.0% from its price of ฿41.25 on 27 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿16.32 per share.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.31The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿8.98b (up 18% from 3Q 2019). Net income: ฿372.3m (up 30% from 3Q 2019). Profit margin: 4.1% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 11%, compared to a 5.2% growth forecast for the Specialty Retail industry in Thailand.
Is New 90 Day High Low • Oct 08New 90-day high: ฿42.50The company is up 25% from its price of ฿34.00 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.10 per share.