View ValuationSiam Global House 향후 성장Future 기준 점검 1/6Siam Global House (는) 각각 연간 5.5% 및 3.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.8% 로 예상됩니다.핵심 정보5.5%이익 성장률5.00%EPS 성장률Specialty Retail 이익 성장9.4%매출 성장률3.5%향후 자기자본이익률8.76%애널리스트 커버리지Good마지막 업데이트13 May 2026최근 향후 성장 업데이트Price Target Changed • Jun 04Price target decreased by 11% to ฿7.55Down from ฿8.50, the current price target is an average from 14 analysts. New target price is 37% above last closing price of ฿5.50. Stock is down 66% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.Price Target Changed • Apr 29Price target decreased by 9.2% to ฿8.69Down from ฿9.57, the current price target is an average from 14 analysts. New target price is 28% above last closing price of ฿6.80. Stock is down 56% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.Major Estimate Revision • Feb 20Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿35.4b to ฿34.4b. EPS estimate also fell from ฿0.563 per share to ฿0.485 per share. Net income forecast to grow 5.4% next year vs 15% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿14.61 to ฿11.72. Share price rose 3.8% to ฿8.25 over the past week.Price Target Changed • Feb 04Price target decreased by 7.8% to ฿15.02Down from ฿16.29, the current price target is an average from 13 analysts. New target price is 60% above last closing price of ฿9.40. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿0.48 for next year compared to ฿0.51 last year.Major Estimate Revision • Nov 04Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿33.9b to ฿32.8b. EPS estimate also fell from ฿0.557 per share to ฿0.489 per share. Net income forecast to grow 23% next year vs 19% growth forecast for Specialty Retail industry in Thailand. Consensus price target broadly unchanged at ฿16.92. Share price rose 2.6% to ฿16.00 over the past week.Major Estimate Revision • Aug 03Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿35.6b to ฿35.1b. EPS estimate also fell from ฿0.678 per share to ฿0.60 per share. Net income forecast to grow 17% next year vs 16% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿19.74 to ฿19.31. Share price was steady at ฿16.40 over the past week.모든 업데이트 보기Recent updatesReported Earnings • May 15First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: ฿0.15 (up from ฿0.11 in 1Q 2025). Revenue: ฿8.79b (up 4.5% from 1Q 2025). Net income: ฿802.6m (up 29% from 1Q 2025). Profit margin: 9.1% (up from 7.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿5.45, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Specialty Retail industry in Thailand. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.74 per share.Board Change • Feb 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Pairoj Juarprathoom was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Feb 10+ 1 more updateSiam Global House Public Company Limited Recommends Cash Dividend for the Year 2025, Payment on 7 May 2026Siam Global House Public Company Limited at its board of directors meeting held on February 9, 2025, recommended cash dividend at the rate of THB 0.1841152263 (10 decimal) per share, or not exceeding in total of THB 994,576,715.40 for the year 2025. The total of the stock dividend and the cash dividend payment in a whole year shall be equivalent to the rate of THB 0.2211522632 (10 decimal) per share which can be calculated as in the total amount of approximately THB 1,194,648,025.40 and all dividends shall be deducted for the withholding tax at the rate stipulated by law. By specifying the list of shareholders who are entitled to receive the all dividend on 25 February 2026 and fixing the date of dividend payment on 7 May 2026. However, the granting of such rights of the Company is not yet definite, because an approval by the Annual General Meeting of Shareholders is still required.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿6.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.74 per share.Reported Earnings • Oct 29Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: ฿0.073 (up from ฿0.067 in 3Q 2024). Revenue: ฿7.60b (up 5.3% from 3Q 2024). Net income: ฿392.2m (up 7.8% from 3Q 2024). Profit margin: 5.2% (up from 5.0% in 3Q 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 3.7%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ฿7.75, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Specialty Retail industry in Thailand. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.24 per share.Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.8% to ฿6.25. The fair value is estimated to be ฿5.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 6.0% per annum over the same time period.Reported Earnings • Jul 30Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: ฿0.096 (down from ฿0.14 in 2Q 2024). Revenue: ฿8.22b (down 6.1% from 2Q 2024). Net income: ฿520.4m (down 32% from 2Q 2024). Profit margin: 6.3% (down from 8.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jul 17Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to ฿6.00. The fair value is estimated to be ฿4.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 3.9% per annum over the same time period.공시 • Jul 02Siam Global House Public Company Limited(SET:GLOBAL) dropped from SET 50 IndexSiam Global House Public Company Limited has been dropped from the SET 50 Index.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿5.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Specialty Retail industry in Thailand. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.42 per share.Price Target Changed • Jun 04Price target decreased by 11% to ฿7.55Down from ฿8.50, the current price target is an average from 14 analysts. New target price is 37% above last closing price of ฿5.50. Stock is down 66% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.New Risk • May 22New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change).Price Target Changed • Apr 29Price target decreased by 9.2% to ฿8.69Down from ฿9.57, the current price target is an average from 14 analysts. New target price is 28% above last closing price of ฿6.80. Stock is down 56% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.Reported Earnings • Apr 29First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: ฿0.12 (down from ฿0.13 in 1Q 2024). Revenue: ฿8.59b (down 2.5% from 1Q 2024). Net income: ฿621.9m (down 14% from 1Q 2024). Profit margin: 7.2% (down from 8.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 5.0% 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 fallen by 17% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿7.15, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.91 per share.공시 • Apr 08Siam Global House Public Company Limited Approves Dividend for the Year 2024, Payable on May 7, 2025Siam Global House Public Company Limited at its AGM held on April 8, 2025, approved to pay dividend from net profit of the year 2024 in cash dividend at the rate of THB 0.1842735043 (10 decimal) per share or not exceeding in total of THB 958,565,085.70 The total of the stock dividend and the cash dividend payment in a whole year shall be equivalent to the rate of THB 0.2227350427 (10 decimal) per share which can be calculated as in the total amount of approximately THB 1,158,636,647.70 or 54.79% of net profit in 2024. All dividends shall be deducted for the withholding tax at the rate stipulated by law. By specifying the list of shareholders who are entitled to receive the whole dividend on February 28, 2025, and fixing the date of dividend payment on May 7, 2025.Major Estimate Revision • Feb 20Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿35.4b to ฿34.4b. EPS estimate also fell from ฿0.563 per share to ฿0.485 per share. Net income forecast to grow 5.4% next year vs 15% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿14.61 to ฿11.72. Share price rose 3.8% to ฿8.25 over the past week.Declared Dividend • Feb 15Dividend increased to ฿0.18Dividend of ฿0.18 is 5.6% higher than last year. Ex-date: 27th February 2025 Payment date: 7th May 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 34% per year over the past 10 years. However, payments have been volatile 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.Reported Earnings • Feb 14Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.46 (down from ฿0.51 in FY 2023). Revenue: ฿33.0b (up 1.0% from FY 2023). Net income: ฿2.38b (down 11% from FY 2023). Profit margin: 7.2% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.공시 • Feb 13+ 1 more updateSiam Global House Public Company Limited Recommends Cash Dividend for the Year 2024, Payment on 7 May 2025Siam Global House Public Company Limited at its board of directors meeting held on February 11, 2025, recommended cash dividend at the rate of THB 0.1842735043 (10 decimal) per share, or not exceeding in total of THB 958,565,085.70 for the year 2024. The total of the stock dividend and the cash dividend payment in a whole year shall be equivalent to the rate of THB 0.2227350427 (10 decimal) per share which can be calculated as in the total amount of approximately THB 1,158,636,647.70 and all dividends shall be deducted for the withholding tax at the rate stipulated by law. By specifying the list of shareholders who are entitled to receive the all dividend on 28 February 2025 and fixing the date of dividend payment on 7 May 2025. However, the granting of such rights of the Company is not yet definite, because an approval by the Annual General Meeting of Shareholders (to be held on April 8, 2025) is still required.Price Target Changed • Feb 04Price target decreased by 7.8% to ฿15.02Down from ฿16.29, the current price target is an average from 13 analysts. New target price is 60% above last closing price of ฿9.40. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿0.48 for next year compared to ฿0.51 last year.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿10.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Specialty Retail industry in Thailand. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.28 per share.Buy Or Sell Opportunity • Dec 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.2% to ฿14.70. The fair value is estimated to be ฿18.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Major Estimate Revision • Nov 04Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿33.9b to ฿32.8b. EPS estimate also fell from ฿0.557 per share to ฿0.489 per share. Net income forecast to grow 23% next year vs 19% growth forecast for Specialty Retail industry in Thailand. Consensus price target broadly unchanged at ฿16.92. Share price rose 2.6% to ฿16.00 over the past week.Reported Earnings • Nov 02Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ฿0.07 (down from ฿0.10 in 3Q 2023). Revenue: ฿7.32b (flat on 3Q 2023). Net income: ฿363.7m (down 31% from 3Q 2023). Profit margin: 5.0% (down from 7.1% in 3Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 8.2% 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 fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Oct 17Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ฿16.80. The fair value is estimated to be ฿13.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.7%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 34% in the next 2 years.Buy Or Sell Opportunity • Oct 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to ฿16.30. The fair value is estimated to be ฿13.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.7%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 34% in the next 2 years.Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿14.40, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Specialty Retail industry in Thailand. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.47 per share.Reported Earnings • Jul 26Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ฿0.15 (up from ฿0.14 in 2Q 2023). Revenue: ฿8.92b (up 4.3% from 2Q 2023). Net income: ฿764.6m (up 8.7% from 2Q 2023). Profit margin: 8.6% (up from 8.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.17 in 1Q 2023)First quarter 2024 results: EPS: ฿0.14 (down from ฿0.17 in 1Q 2023). Revenue: ฿8.98b (flat on 1Q 2023). Net income: ฿725.3m (down 18% from 1Q 2023). Profit margin: 8.1% (down from 9.8% in 1Q 2023). Revenue is forecast to grow 8.0% 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 fallen by 2% per year whereas the company’s share price has fallen by 6% per year.공시 • Apr 11Siam Global House Public Company Limited Approves Cash Dividend, Payable on 10 May 2024Siam Global House Public Company Limited at its AGM held on 10 April 2024, approved cash dividend at the rate of THB 0.1744444444 per share or not exceeding in total of THB 872,536,721.77. By specifying the list of shareholders who are entitled to receive the whole dividend on 27 February 2024 and fixing the date of dividend payment on 10 May 2024.Upcoming Dividend • Feb 16Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 23 February 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (2.7%).Declared Dividend • Feb 14Dividend of ฿0.17 announcedShareholders will receive a dividend of ฿0.17. Ex-date: 23rd February 2024 Payment date: 10th May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 40% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 13Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.53 (down from ฿0.70 in FY 2022). Revenue: ฿32.7b (down 8.3% from FY 2022). Net income: ฿2.67b (down 23% from FY 2022). Profit margin: 8.2% (down from 9.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 1.0%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Feb 12+ 2 more updatesSiam Global House Public Company Limited, Annual General Meeting, Apr 10, 2024Siam Global House Public Company Limited, Annual General Meeting, Apr 10, 2024, at 13:30 SE Asia Standard Time. Location: Meeting Room 5th floor of the company Head Office, 232 Moo 19 Rob Muang Roi Et Thailand Agenda: To acknowledge the company's 2023 operating results report and to approve the audited financial statements for the year ended 31 December 2023; to consider and approve regarding the allocation of net profit for the year 2023 as legal reserve and the dividend payment; to approve the reduction of the Company's registered capital; and to consider other matters.Buy Or Sell Opportunity • Jan 29Now 23% overvaluedOver the last 90 days, the stock has fallen 2.5% to ฿15.40. The fair value is estimated to be ฿12.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 31% in the next 2 years.공시 • Nov 29Siam Global House Public Company Limited Announces Change of the Member of the Sub-CommitteeSiam Global House Public Company Limited announced that the Board of Director's meeting held on 24 November 2023 has passed the resolution to appoint Pol.Gen.Kawee Supanun as a member of the Sustainability and Corporate Governance Committee in place of Miss Chutikan Srisaengchan, effective from 25 November 2023 onwards. Consequently, the Sustainability and Corporate Governance Committee consist of 3 members as follows: Dr. Boonchai Pitugdamrongkija Chairman (Independent director), Mr. Kriangkai Suriyawanakul Member, Pol.Gen. Kawee Supanun Member (Independent director).Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ฿0.10 (down from ฿0.15 in 3Q 2022). Revenue: ฿7.51b (down 8.6% from 3Q 2022). Net income: ฿525.1m (down 32% from 3Q 2022). Profit margin: 7.0% (down from 9.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 8.6% 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 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 03Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿35.6b to ฿35.1b. EPS estimate also fell from ฿0.678 per share to ฿0.60 per share. Net income forecast to grow 17% next year vs 16% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿19.74 to ฿19.31. Share price was steady at ฿16.40 over the past week.New Risk • Jul 29New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: ฿0.14 (down from ฿0.21 in 2Q 2022). Revenue: ฿8.55b (down 7.8% from 2Q 2022). Net income: ฿703.4m (down 32% from 2Q 2022). Profit margin: 8.2% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 5.3%. Revenue is forecast to grow 8.1% 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 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 07First quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.18 (down from ฿0.23 in 1Q 2022). Revenue: ฿9.10b (down 7.2% from 1Q 2022). Net income: ฿882.6m (down 24% from 1Q 2022). Profit margin: 9.7% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 17Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.73 (up from ฿0.70 in FY 2021). Revenue: ฿36.0b (up 6.2% from FY 2021). Net income: ฿3.49b (up 4.3% from FY 2021). Profit margin: 9.7% (in line with FY 2021). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pairoj Juarprathoom was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: ฿0.16 (up from ฿0.14 in 3Q 2021). Revenue: ฿8.35b (up 5.7% from 3Q 2021). Net income: ฿774.5m (up 18% from 3Q 2021). Profit margin: 9.3% (up from 8.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 9.7% 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 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 03Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: ฿0.21 (up from ฿0.20 in 2Q 2021). Revenue: ฿9.42b (up 3.9% from 2Q 2021). Net income: ฿1.03b (up 5.8% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.3%, compared to a 9.6% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 09First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: ฿0.24 (up from ฿0.20 in 1Q 2021). Revenue: ฿9.81b (up 11% from 1Q 2021). Net income: ฿1.16b (up 20% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 8.0%, compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pairoj Juarprathoom was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Feb 18Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (1.7%).Reported Earnings • Feb 15Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.73 (up from ฿0.42 in FY 2020). Revenue: ฿34.1b (up 26% from FY 2020). Net income: ฿3.34b (up 71% from FY 2020). Profit margin: 9.8% (up from 7.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 7.2%, compared to a 17% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.099 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿7.90b (up 18% from 3Q 2020). Net income: ฿659.1m (up 45% from 3Q 2020). Profit margin: 8.3% (up from 6.8% 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 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS ฿0.21 (vs ฿0.11 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿9.07b (up 42% from 2Q 2020). Net income: ฿972.3m (up 92% from 2Q 2020). Profit margin: 11% (up from 7.9% 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 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿23.60, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 26x in the Specialty Retail industry in Thailand. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.15 per share.Major Estimate Revision • May 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ฿31.5b to ฿32.4b. EPS estimate fell from ฿0.74 to ฿0.64 per share. Net income forecast to grow 28% next year vs 33% growth forecast for Specialty Retail industry in Thailand. Consensus price target up from ฿22.69 to ฿23.80. Share price was steady at ฿23.30 over the past week.Reported Earnings • May 02First quarter 2021 earnings released: EPS ฿0.22 (vs ฿0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿8.83b (up 17% from 1Q 2020). Net income: ฿965.8m (up 57% from 1Q 2020). Profit margin: 11% (up from 8.2% 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 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Mar 12New 90-day high: ฿21.50The company is up 30% from its price of ฿16.55 on 09 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.44 per share.Is New 90 Day High Low • Mar 03New 90-day high: ฿21.00The company is up 23% from its price of ฿17.12 on 03 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.95 per share.Is New 90 Day High Low • Feb 27New 90-day high: ฿20.70The company is up 24% from its price of ฿16.64 on 27 November 2020. The Thai market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿7.07 per share.Upcoming Dividend • Feb 17Upcoming Dividend of ฿0.19 Per ShareWill be paid on the 7th of May to those who are registered shareholders by the 24th of February. The trailing yield of 0.9% is below the top quartile of Thai dividend payers (6.2%), and is lower than industry peers (1.6%).Reported Earnings • Feb 13Full year 2020 earnings released: EPS ฿0.44 (vs ฿0.48 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿27.2b (down 4.6% from FY 2019). Net income: ฿1.96b (down 6.6% from FY 2019). Profit margin: 7.2% (down from 7.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.Analyst Estimate Surprise Post Earnings • Feb 13Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 14%, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand.Price Target Changed • Feb 02Price target raised to ฿20.91Up from ฿19.19, the current price target is an average from 10 analysts. The new target price is close to the current share price of ฿20.50. As of last close, the stock is up 52% over the past year.Is New 90 Day High Low • Jan 21New 90-day high: ฿19.10The company is up 4.0% from its price of ฿18.40 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 ฿18.41 per share.Reported Earnings • Nov 02Third quarter 2020 earnings released: EPS ฿0.10The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿6.68b (down 1.1% from 3Q 2019). Net income: ฿455.5m (up 4.0% from 3Q 2019). Profit margin: 6.8% (up from 6.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Nov 02Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 10%, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand.Is New 90 Day High Low • Oct 29New 90-day low: ฿17.20The company is down 9.0% from its price of ฿19.00 on 31 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.97 per share.Major Estimate Revision • Oct 07Analysts increase EPS estimates to ฿0.50The 2020 consensus revenue estimate increased from ฿27.3b to ฿27.9b. The earnings per share estimate also received an upgrade from ฿0.45 to ฿0.50 for the same period. Net income is expected to grow by 8.2% next year compared to 9.2% growth forecast for the Specialty Retail industry in Thailand. The consensus price target increased from ฿18.99 to ฿19.15. Share price is down by 2.0% to ฿19.80 over the past week.이익 및 매출 성장 예측SET:GLOBAL - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202835,2642,5181,9273,433712/31/202734,7982,3841,8613,5791212/31/202633,0662,2511,7803,657103/31/202632,1802,1456,1817,769N/A12/31/202531,9761,9644,7396,508N/A9/30/202531,9732,058-191,724N/A6/30/202531,7362,0291,4163,041N/A3/31/202532,2672,2743,2894,710N/A12/31/202432,6612,3772,9034,423N/A9/30/202432,5412,4141,4873,221N/A6/30/202432,7032,5751,2102,957N/A3/31/202432,5022,5141,3603,568N/A12/31/202332,6822,6713,6755,813N/A9/30/202333,3952,6385,5577,521N/A6/30/202334,2392,8885,7477,598N/A3/31/202334,9613,2135,5296,900N/A12/31/202235,6383,4873,3954,650N/A9/30/202235,6283,7061,4432,768N/A6/30/202235,1193,591-721,341N/A3/31/202234,7613,5341891,854N/A12/31/202133,8053,3441,3463,204N/A9/30/202132,1832,9751,2233,234N/A6/30/202131,0302,7711,6073,641N/A3/31/202128,4332,3063,0314,925N/A12/31/202027,1561,9562,6354,830N/A9/30/202026,6592,1722,5695,010N/A6/30/202026,8532,1541,4804,301N/A3/31/202028,1922,168-1,3571,770N/A12/31/201928,4582,093N/A1,530N/A9/30/201928,6891,919N/A2,691N/A6/30/201928,2361,924N/A5,097N/A3/31/201927,1981,979N/A4,927N/A12/31/201826,2022,003N/A2,253N/A9/30/201825,1551,933N/A-265N/A6/30/201823,9391,833N/A-1,666N/A3/31/201822,6751,691N/A-1,185N/A12/31/201721,5231,609N/A140N/A9/30/201720,6871,646N/A479N/A6/30/201720,0991,632N/A274N/A3/31/201719,6901,662N/A-242N/A12/31/201619,4651,676N/A-381N/A9/30/201618,9471,479N/A767N/A6/30/201618,4151,361N/A1,068N/A3/31/201618,0371,162N/A1,332N/A12/31/201517,373881N/A1,545N/A9/30/201517,198863N/A1,366N/A6/30/201516,980783N/A1,252N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: GLOBAL 의 연간 예상 수익 증가율(5.5%)이 saving rate(2.2%)보다 높습니다.수익 vs 시장: GLOBAL 의 연간 수익(5.5%)이 TH 시장(10.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: GLOBAL 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: GLOBAL 의 수익(연간 3.5%)이 TH 시장(연간 9.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: GLOBAL 의 수익(연간 3.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: GLOBAL의 자본 수익률은 3년 후 8.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 04:11종가2026/05/22 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 소스Siam Global House Public Company Limited는 35명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sirichai ChalokepunratBofA Global ResearchSirichai ChalokepunratBofA Global ResearchNarumon EkasamutBualuang Securities PCL32명의 분석가 더 보기
Price Target Changed • Jun 04Price target decreased by 11% to ฿7.55Down from ฿8.50, the current price target is an average from 14 analysts. New target price is 37% above last closing price of ฿5.50. Stock is down 66% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.
Price Target Changed • Apr 29Price target decreased by 9.2% to ฿8.69Down from ฿9.57, the current price target is an average from 14 analysts. New target price is 28% above last closing price of ฿6.80. Stock is down 56% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.
Major Estimate Revision • Feb 20Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿35.4b to ฿34.4b. EPS estimate also fell from ฿0.563 per share to ฿0.485 per share. Net income forecast to grow 5.4% next year vs 15% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿14.61 to ฿11.72. Share price rose 3.8% to ฿8.25 over the past week.
Price Target Changed • Feb 04Price target decreased by 7.8% to ฿15.02Down from ฿16.29, the current price target is an average from 13 analysts. New target price is 60% above last closing price of ฿9.40. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿0.48 for next year compared to ฿0.51 last year.
Major Estimate Revision • Nov 04Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿33.9b to ฿32.8b. EPS estimate also fell from ฿0.557 per share to ฿0.489 per share. Net income forecast to grow 23% next year vs 19% growth forecast for Specialty Retail industry in Thailand. Consensus price target broadly unchanged at ฿16.92. Share price rose 2.6% to ฿16.00 over the past week.
Major Estimate Revision • Aug 03Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿35.6b to ฿35.1b. EPS estimate also fell from ฿0.678 per share to ฿0.60 per share. Net income forecast to grow 17% next year vs 16% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿19.74 to ฿19.31. Share price was steady at ฿16.40 over the past week.
Reported Earnings • May 15First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: ฿0.15 (up from ฿0.11 in 1Q 2025). Revenue: ฿8.79b (up 4.5% from 1Q 2025). Net income: ฿802.6m (up 29% from 1Q 2025). Profit margin: 9.1% (up from 7.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿5.45, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Specialty Retail industry in Thailand. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.74 per share.
Board Change • Feb 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Pairoj Juarprathoom was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Feb 10+ 1 more updateSiam Global House Public Company Limited Recommends Cash Dividend for the Year 2025, Payment on 7 May 2026Siam Global House Public Company Limited at its board of directors meeting held on February 9, 2025, recommended cash dividend at the rate of THB 0.1841152263 (10 decimal) per share, or not exceeding in total of THB 994,576,715.40 for the year 2025. The total of the stock dividend and the cash dividend payment in a whole year shall be equivalent to the rate of THB 0.2211522632 (10 decimal) per share which can be calculated as in the total amount of approximately THB 1,194,648,025.40 and all dividends shall be deducted for the withholding tax at the rate stipulated by law. By specifying the list of shareholders who are entitled to receive the all dividend on 25 February 2026 and fixing the date of dividend payment on 7 May 2026. However, the granting of such rights of the Company is not yet definite, because an approval by the Annual General Meeting of Shareholders is still required.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿6.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.74 per share.
Reported Earnings • Oct 29Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: ฿0.073 (up from ฿0.067 in 3Q 2024). Revenue: ฿7.60b (up 5.3% from 3Q 2024). Net income: ฿392.2m (up 7.8% from 3Q 2024). Profit margin: 5.2% (up from 5.0% in 3Q 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 3.7%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ฿7.75, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Specialty Retail industry in Thailand. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.24 per share.
Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.8% to ฿6.25. The fair value is estimated to be ฿5.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 6.0% per annum over the same time period.
Reported Earnings • Jul 30Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: ฿0.096 (down from ฿0.14 in 2Q 2024). Revenue: ฿8.22b (down 6.1% from 2Q 2024). Net income: ฿520.4m (down 32% from 2Q 2024). Profit margin: 6.3% (down from 8.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jul 17Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to ฿6.00. The fair value is estimated to be ฿4.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 3.9% per annum over the same time period.
공시 • Jul 02Siam Global House Public Company Limited(SET:GLOBAL) dropped from SET 50 IndexSiam Global House Public Company Limited has been dropped from the SET 50 Index.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿5.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Specialty Retail industry in Thailand. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.42 per share.
Price Target Changed • Jun 04Price target decreased by 11% to ฿7.55Down from ฿8.50, the current price target is an average from 14 analysts. New target price is 37% above last closing price of ฿5.50. Stock is down 66% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.
New Risk • May 22New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change).
Price Target Changed • Apr 29Price target decreased by 9.2% to ฿8.69Down from ฿9.57, the current price target is an average from 14 analysts. New target price is 28% above last closing price of ฿6.80. Stock is down 56% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.44 last year.
Reported Earnings • Apr 29First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: ฿0.12 (down from ฿0.13 in 1Q 2024). Revenue: ฿8.59b (down 2.5% from 1Q 2024). Net income: ฿621.9m (down 14% from 1Q 2024). Profit margin: 7.2% (down from 8.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 5.0% 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 fallen by 17% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿7.15, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.91 per share.
공시 • Apr 08Siam Global House Public Company Limited Approves Dividend for the Year 2024, Payable on May 7, 2025Siam Global House Public Company Limited at its AGM held on April 8, 2025, approved to pay dividend from net profit of the year 2024 in cash dividend at the rate of THB 0.1842735043 (10 decimal) per share or not exceeding in total of THB 958,565,085.70 The total of the stock dividend and the cash dividend payment in a whole year shall be equivalent to the rate of THB 0.2227350427 (10 decimal) per share which can be calculated as in the total amount of approximately THB 1,158,636,647.70 or 54.79% of net profit in 2024. All dividends shall be deducted for the withholding tax at the rate stipulated by law. By specifying the list of shareholders who are entitled to receive the whole dividend on February 28, 2025, and fixing the date of dividend payment on May 7, 2025.
Major Estimate Revision • Feb 20Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿35.4b to ฿34.4b. EPS estimate also fell from ฿0.563 per share to ฿0.485 per share. Net income forecast to grow 5.4% next year vs 15% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿14.61 to ฿11.72. Share price rose 3.8% to ฿8.25 over the past week.
Declared Dividend • Feb 15Dividend increased to ฿0.18Dividend of ฿0.18 is 5.6% higher than last year. Ex-date: 27th February 2025 Payment date: 7th May 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 34% per year over the past 10 years. However, payments have been volatile 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.
Reported Earnings • Feb 14Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.46 (down from ฿0.51 in FY 2023). Revenue: ฿33.0b (up 1.0% from FY 2023). Net income: ฿2.38b (down 11% from FY 2023). Profit margin: 7.2% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
공시 • Feb 13+ 1 more updateSiam Global House Public Company Limited Recommends Cash Dividend for the Year 2024, Payment on 7 May 2025Siam Global House Public Company Limited at its board of directors meeting held on February 11, 2025, recommended cash dividend at the rate of THB 0.1842735043 (10 decimal) per share, or not exceeding in total of THB 958,565,085.70 for the year 2024. The total of the stock dividend and the cash dividend payment in a whole year shall be equivalent to the rate of THB 0.2227350427 (10 decimal) per share which can be calculated as in the total amount of approximately THB 1,158,636,647.70 and all dividends shall be deducted for the withholding tax at the rate stipulated by law. By specifying the list of shareholders who are entitled to receive the all dividend on 28 February 2025 and fixing the date of dividend payment on 7 May 2025. However, the granting of such rights of the Company is not yet definite, because an approval by the Annual General Meeting of Shareholders (to be held on April 8, 2025) is still required.
Price Target Changed • Feb 04Price target decreased by 7.8% to ฿15.02Down from ฿16.29, the current price target is an average from 13 analysts. New target price is 60% above last closing price of ฿9.40. Stock is down 39% over the past year. The company is forecast to post earnings per share of ฿0.48 for next year compared to ฿0.51 last year.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿10.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Specialty Retail industry in Thailand. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.28 per share.
Buy Or Sell Opportunity • Dec 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.2% to ฿14.70. The fair value is estimated to be ฿18.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Major Estimate Revision • Nov 04Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿33.9b to ฿32.8b. EPS estimate also fell from ฿0.557 per share to ฿0.489 per share. Net income forecast to grow 23% next year vs 19% growth forecast for Specialty Retail industry in Thailand. Consensus price target broadly unchanged at ฿16.92. Share price rose 2.6% to ฿16.00 over the past week.
Reported Earnings • Nov 02Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ฿0.07 (down from ฿0.10 in 3Q 2023). Revenue: ฿7.32b (flat on 3Q 2023). Net income: ฿363.7m (down 31% from 3Q 2023). Profit margin: 5.0% (down from 7.1% in 3Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 8.2% 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 fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Oct 17Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ฿16.80. The fair value is estimated to be ฿13.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.7%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 34% in the next 2 years.
Buy Or Sell Opportunity • Oct 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to ฿16.30. The fair value is estimated to be ฿13.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.7%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 34% in the next 2 years.
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿14.40, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Specialty Retail industry in Thailand. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.47 per share.
Reported Earnings • Jul 26Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ฿0.15 (up from ฿0.14 in 2Q 2023). Revenue: ฿8.92b (up 4.3% from 2Q 2023). Net income: ฿764.6m (up 8.7% from 2Q 2023). Profit margin: 8.6% (up from 8.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.17 in 1Q 2023)First quarter 2024 results: EPS: ฿0.14 (down from ฿0.17 in 1Q 2023). Revenue: ฿8.98b (flat on 1Q 2023). Net income: ฿725.3m (down 18% from 1Q 2023). Profit margin: 8.1% (down from 9.8% in 1Q 2023). Revenue is forecast to grow 8.0% 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 fallen by 2% per year whereas the company’s share price has fallen by 6% per year.
공시 • Apr 11Siam Global House Public Company Limited Approves Cash Dividend, Payable on 10 May 2024Siam Global House Public Company Limited at its AGM held on 10 April 2024, approved cash dividend at the rate of THB 0.1744444444 per share or not exceeding in total of THB 872,536,721.77. By specifying the list of shareholders who are entitled to receive the whole dividend on 27 February 2024 and fixing the date of dividend payment on 10 May 2024.
Upcoming Dividend • Feb 16Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 23 February 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (2.7%).
Declared Dividend • Feb 14Dividend of ฿0.17 announcedShareholders will receive a dividend of ฿0.17. Ex-date: 23rd February 2024 Payment date: 10th May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 40% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 13Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ฿0.53 (down from ฿0.70 in FY 2022). Revenue: ฿32.7b (down 8.3% from FY 2022). Net income: ฿2.67b (down 23% from FY 2022). Profit margin: 8.2% (down from 9.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 1.0%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Feb 12+ 2 more updatesSiam Global House Public Company Limited, Annual General Meeting, Apr 10, 2024Siam Global House Public Company Limited, Annual General Meeting, Apr 10, 2024, at 13:30 SE Asia Standard Time. Location: Meeting Room 5th floor of the company Head Office, 232 Moo 19 Rob Muang Roi Et Thailand Agenda: To acknowledge the company's 2023 operating results report and to approve the audited financial statements for the year ended 31 December 2023; to consider and approve regarding the allocation of net profit for the year 2023 as legal reserve and the dividend payment; to approve the reduction of the Company's registered capital; and to consider other matters.
Buy Or Sell Opportunity • Jan 29Now 23% overvaluedOver the last 90 days, the stock has fallen 2.5% to ฿15.40. The fair value is estimated to be ฿12.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 31% in the next 2 years.
공시 • Nov 29Siam Global House Public Company Limited Announces Change of the Member of the Sub-CommitteeSiam Global House Public Company Limited announced that the Board of Director's meeting held on 24 November 2023 has passed the resolution to appoint Pol.Gen.Kawee Supanun as a member of the Sustainability and Corporate Governance Committee in place of Miss Chutikan Srisaengchan, effective from 25 November 2023 onwards. Consequently, the Sustainability and Corporate Governance Committee consist of 3 members as follows: Dr. Boonchai Pitugdamrongkija Chairman (Independent director), Mr. Kriangkai Suriyawanakul Member, Pol.Gen. Kawee Supanun Member (Independent director).
Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ฿0.10 (down from ฿0.15 in 3Q 2022). Revenue: ฿7.51b (down 8.6% from 3Q 2022). Net income: ฿525.1m (down 32% from 3Q 2022). Profit margin: 7.0% (down from 9.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 8.6% 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 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 03Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿35.6b to ฿35.1b. EPS estimate also fell from ฿0.678 per share to ฿0.60 per share. Net income forecast to grow 17% next year vs 16% growth forecast for Specialty Retail industry in Thailand. Consensus price target down from ฿19.74 to ฿19.31. Share price was steady at ฿16.40 over the past week.
New Risk • Jul 29New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: ฿0.14 (down from ฿0.21 in 2Q 2022). Revenue: ฿8.55b (down 7.8% from 2Q 2022). Net income: ฿703.4m (down 32% from 2Q 2022). Profit margin: 8.2% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 5.3%. Revenue is forecast to grow 8.1% 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 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 07First quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.18 (down from ฿0.23 in 1Q 2022). Revenue: ฿9.10b (down 7.2% from 1Q 2022). Net income: ฿882.6m (down 24% from 1Q 2022). Profit margin: 9.7% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 17Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.73 (up from ฿0.70 in FY 2021). Revenue: ฿36.0b (up 6.2% from FY 2021). Net income: ฿3.49b (up 4.3% from FY 2021). Profit margin: 9.7% (in line with FY 2021). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pairoj Juarprathoom was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: ฿0.16 (up from ฿0.14 in 3Q 2021). Revenue: ฿8.35b (up 5.7% from 3Q 2021). Net income: ฿774.5m (up 18% from 3Q 2021). Profit margin: 9.3% (up from 8.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 9.7% 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 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 03Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: ฿0.21 (up from ฿0.20 in 2Q 2021). Revenue: ฿9.42b (up 3.9% from 2Q 2021). Net income: ฿1.03b (up 5.8% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.3%, compared to a 9.6% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 09First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: ฿0.24 (up from ฿0.20 in 1Q 2021). Revenue: ฿9.81b (up 11% from 1Q 2021). Net income: ฿1.16b (up 20% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 8.0%, compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pairoj Juarprathoom was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Feb 18Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (1.7%).
Reported Earnings • Feb 15Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.73 (up from ฿0.42 in FY 2020). Revenue: ฿34.1b (up 26% from FY 2020). Net income: ฿3.34b (up 71% from FY 2020). Profit margin: 9.8% (up from 7.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 7.2%, compared to a 17% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.099 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿7.90b (up 18% from 3Q 2020). Net income: ฿659.1m (up 45% from 3Q 2020). Profit margin: 8.3% (up from 6.8% 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 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS ฿0.21 (vs ฿0.11 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿9.07b (up 42% from 2Q 2020). Net income: ฿972.3m (up 92% from 2Q 2020). Profit margin: 11% (up from 7.9% 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 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿23.60, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 26x in the Specialty Retail industry in Thailand. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.15 per share.
Major Estimate Revision • May 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ฿31.5b to ฿32.4b. EPS estimate fell from ฿0.74 to ฿0.64 per share. Net income forecast to grow 28% next year vs 33% growth forecast for Specialty Retail industry in Thailand. Consensus price target up from ฿22.69 to ฿23.80. Share price was steady at ฿23.30 over the past week.
Reported Earnings • May 02First quarter 2021 earnings released: EPS ฿0.22 (vs ฿0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿8.83b (up 17% from 1Q 2020). Net income: ฿965.8m (up 57% from 1Q 2020). Profit margin: 11% (up from 8.2% 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 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Mar 12New 90-day high: ฿21.50The company is up 30% from its price of ฿16.55 on 09 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.44 per share.
Is New 90 Day High Low • Mar 03New 90-day high: ฿21.00The company is up 23% from its price of ฿17.12 on 03 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.95 per share.
Is New 90 Day High Low • Feb 27New 90-day high: ฿20.70The company is up 24% from its price of ฿16.64 on 27 November 2020. The Thai market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿7.07 per share.
Upcoming Dividend • Feb 17Upcoming Dividend of ฿0.19 Per ShareWill be paid on the 7th of May to those who are registered shareholders by the 24th of February. The trailing yield of 0.9% is below the top quartile of Thai dividend payers (6.2%), and is lower than industry peers (1.6%).
Reported Earnings • Feb 13Full year 2020 earnings released: EPS ฿0.44 (vs ฿0.48 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿27.2b (down 4.6% from FY 2019). Net income: ฿1.96b (down 6.6% from FY 2019). Profit margin: 7.2% (down from 7.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.
Analyst Estimate Surprise Post Earnings • Feb 13Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 14%, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand.
Price Target Changed • Feb 02Price target raised to ฿20.91Up from ฿19.19, the current price target is an average from 10 analysts. The new target price is close to the current share price of ฿20.50. As of last close, the stock is up 52% over the past year.
Is New 90 Day High Low • Jan 21New 90-day high: ฿19.10The company is up 4.0% from its price of ฿18.40 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 ฿18.41 per share.
Reported Earnings • Nov 02Third quarter 2020 earnings released: EPS ฿0.10The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿6.68b (down 1.1% from 3Q 2019). Net income: ฿455.5m (up 4.0% from 3Q 2019). Profit margin: 6.8% (up from 6.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 02Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 10%, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand.
Is New 90 Day High Low • Oct 29New 90-day low: ฿17.20The company is down 9.0% from its price of ฿19.00 on 31 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.97 per share.
Major Estimate Revision • Oct 07Analysts increase EPS estimates to ฿0.50The 2020 consensus revenue estimate increased from ฿27.3b to ฿27.9b. The earnings per share estimate also received an upgrade from ฿0.45 to ฿0.50 for the same period. Net income is expected to grow by 8.2% next year compared to 9.2% growth forecast for the Specialty Retail industry in Thailand. The consensus price target increased from ฿18.99 to ฿19.15. Share price is down by 2.0% to ฿19.80 over the past week.