View ValuationHome Product Center 향후 성장Future 기준 점검 2/6Home Product Center (는) 각각 연간 5.6% 및 2.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 5.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 23.3% 로 예상됩니다.핵심 정보5.6%이익 성장률5.23%EPS 성장률Specialty Retail 이익 성장9.3%매출 성장률2.5%향후 자기자본이익률23.25%애널리스트 커버리지Good마지막 업데이트22 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesUpcoming Dividend • Apr 15Upcoming dividend of ฿0.22 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 07 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 88% respectively. Trailing yield: 6.0%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.6%).Declared Dividend • Feb 28Final dividend of ฿0.22 announcedShareholders will receive a dividend of ฿0.22. Ex-date: 22nd April 2026 Payment date: 7th May 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ฿0.46 (down from ฿0.49 in FY 2024). Revenue: ฿70.6b (down 2.8% from FY 2024). Net income: ฿6.01b (down 7.6% from FY 2024). Profit margin: 8.5% (down from 9.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 2.2% 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 fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.공시 • Feb 26Home Product Center Public Company Limited Proposes Cash Dividend for the Operating Period from 01 July 2025 to 31 December 2025, Payable on 07 May 2026Home Product Center Public Company Limited proposed cash dividend of THB 0.22 per share for the operating period from 01 July 2025 to 31 December 2025. Record date for the right to receive dividends is 23 April 2026. Ex-dividend date is 22 April 2026. Payment date is 07 May 2026. Shareholder's meeting date 09 April 2026.공시 • Feb 25Home Product Center Public Company Limited, Annual General Meeting, Apr 09, 2026Home Product Center Public Company Limited, Annual General Meeting, Apr 09, 2026, at 10:00 SE Asia Standard Time.공시 • Jan 28Home Product Center Public Company Limited (SET:HMPRO) announces an Equity Buyback for 394,500,000 shares, representing 3% for THB 2,959 million.Home Product Center Public Company Limited (SET:HMPRO) announces a share repurchase program. Under the program, the company will repurchase up to 394,500,000 shares, representing 3% of its share capital, for THB 2,959 million. The share repurchase price shall not exceed 115 percent of the average closing price over the past 5 trading working days prior to the share repurchase date. The purpose of the program is to optimize the company’s excess liquidity management that is conducted for the utmost benefit an to increase the Return on Equity (ROE) ratio and Earning per Share (EPS) ratio, which will enable the future share price to reflect the true value of The company. The program will expire on August 31, 2026. As of March 11, 2026, the company had 13,151,198,025 shares in its share capital.Buy Or Sell Opportunity • Jan 28Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.5% to ฿7.00. The fair value is estimated to be ฿5.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.Reported Earnings • Oct 29Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2025 results: EPS: ฿0.10 (down from ฿0.11 in 3Q 2024). Revenue: ฿16.7b (down 1.7% from 3Q 2024). Net income: ฿1.30b (down 9.6% from 3Q 2024). Profit margin: 7.8% (down from 8.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% 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 remained flat but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Declared Dividend • Aug 28First half dividend of ฿0.16 announcedShareholders will receive a dividend of ฿0.16. Ex-date: 10th September 2025 Payment date: 24th September 2025 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Aug 24Now 20% overvaluedOver the last 90 days, the stock has fallen 8.4% to ฿7.05. The fair value is estimated to be ฿5.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period.Buy Or Sell Opportunity • Aug 06Now 21% overvaluedOver the last 90 days, the stock has fallen 8.3% to ฿7.15. The fair value is estimated to be ฿5.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 4.8% per annum over the same time period.New Risk • Jul 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 56% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (56% net debt to equity). Dividend is not well covered by cash flows (110% cash payout ratio).Reported Earnings • Jul 30Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ฿0.11 (down from ฿0.12 in 2Q 2024). Revenue: ฿17.5b (down 5.8% from 2Q 2024). Net income: ฿1.40b (down 14% from 2Q 2024). Profit margin: 8.0% (down from 8.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Revenue is forecast to grow 2.6% 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 increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿7.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Specialty Retail industry in Thailand. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.49 per share.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿6.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Specialty Retail industry in Thailand. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.11 per share.Buy Or Sell Opportunity • May 23Now 21% overvaluedOver the last 90 days, the stock has fallen 10% to ฿7.70. The fair value is estimated to be ฿6.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 3.8%. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.Reported Earnings • Apr 30First quarter 2025 earnings: EPS in line with expectations, revenues disappointFirst quarter 2025 results: EPS: ฿0.13 (in line with 1Q 2024). Revenue: ฿18.7b (flat on 1Q 2024). Net income: ฿1.71b (flat on 1Q 2024). Profit margin: 9.2% (up from 9.1% in 1Q 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.6% 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 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 15Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 08 May 2025. Payout ratio and cash payout ratio are on the higher end at 87% and 84% respectively. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (3.8%).공시 • Apr 10Home Product Center Public Company Limited Approves Dividend for the Period of July 2024 to December 2024. Payable on May 8, 2025Home Product Center Public Company Limited approved the dividend payment for the operation results of the second half of the year 2024 (July 2024 — December 2024) as per separate financial statement by cash at the rate of THB 0.25 per share, or not exceeding in total of THB 3,287.80 Million. The total of the cash dividend payment for the whole year shall be equivalent to the rate of THB 0.43 per share which the total amount was calculated to be approximately THB 5,655.02 Million, or at payout ratio of 81.55% of net profit according to the separate financial statement. Such rate of dividend payment is in accordance with the dividend payment policy of the Company. All dividends shall be deducted for the withholding tax at the rate stipulated by law. According to the dividend payment mentioned above, the Company will pay such from the net profit arising from the Company's operation result of July 2024 - December 2024 in which the Company is required to pay for corporate income tax at the rate 20%. The Shareholders, who are individuals can obtain tax credits due to the dividend payment in accordance with Section 47 bis of the Revenue Code. The list of shareholders who are entitled to receive the dividend (Record Date) will be issued on 23rd April 2025, and the dividend will be paid on 8th May 2025.Buy Or Sell Opportunity • Apr 09Now 23% overvaluedOver the last 90 days, the stock has fallen 4.4% to ฿8.60. The fair value is estimated to be ฿6.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 5.2%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.공시 • Mar 27Home Product Center Public Company Limited (SET:HMPRO) announces an Equity Buyback for 800,000,000 shares, representing 6.08% for THB 7,000 million.Home Product Center Public Company Limited (SET:HMPRO) announces a share repurchase program. Under the program, the company will repurchase up to 800,000,000 shares, representing 6.08% of its share capital, for THB 7,000 million. The share repurchase price shall not exceed 115 percent of the average closing price over the past 5 trading working days prior to the share repurchase date. The purpose of the program is to optimize the company’s excess liquidity management that is conducted for the utmost benefit an to increase the Return on Equity (ROE) ratio and Earning per Share (EPS) ratio, which will enable the future share price to reflect the true value of The company. The program will expire on September 30, 2025. As of March 13, 2025, the company had 13,151,198,025 shares in its share capital.Buy Or Sell Opportunity • Mar 21Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to ฿8.20. The fair value is estimated to be ฿6.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 5.2%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Declared Dividend • Feb 27Final dividend of ฿0.25 announcedShareholders will receive a dividend of ฿0.25. Ex-date: 22nd April 2025 Payment date: 8th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 26Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2025Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2025, at 10:00 SE Asia Standard Time.Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.49 (in line with FY 2023). Revenue: ฿72.6b (flat on FY 2023). Net income: ฿6.50b (up 1.0% from FY 2023). Profit margin: 9.0% (up from 8.8% in FY 2023). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.9% 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 19% per year, which means it is significantly lagging earnings.공시 • Feb 26Home Product Center Public Company Limited Proposes Cash Dividend for the Period from 01 July 2024 to 31 December 2024, Payable on 08 May 2025The Board of Directors of Home Product Center Public Company Limited has approved to propose the shareholders' meeting to consider and approve the dividend payment for the year 2024 at the rate THB 0.43 per share, totaling THB 5,655.02 million or at a payout ratio of 81.55% of the net profit of the separate financial statement after deducting the interim dividend of THB 0.18 per share that was paid on September 24, 2024. The outstanding dividend will be distributed at a rate of THB 0.25 per share, for a total of THB 3,287.80 million. Record date for the right to receive dividends 23 April 2025. Ex-dividend date is 22 April 2025. Payment date is 08 May 2025. Paid from Operating period from 01 July 2024 to 31 December 2024.Buy Or Sell Opportunity • Feb 12Now 24% overvaluedOver the last 90 days, the stock has fallen 11% to ฿8.45. The fair value is estimated to be ฿6.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period.공시 • Feb 05Home Product Center Public Company Limited NVDR SHARES Depositary Receipts to Be Deleted from OTC EquityHome Product Center Public Company Limited NVDR SHARES Depositary Receipts will be deleted from OTC Equity effective February 04, 2025, due to Inactive Security.Buy Or Sell Opportunity • Jan 15Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to ฿8.75. The fair value is estimated to be ฿7.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period.Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ฿0.11 (down from ฿0.12 in 3Q 2023). Revenue: ฿17.0b (down 2.7% from 3Q 2023). Net income: ฿1.44b (down 5.9% from 3Q 2023). Profit margin: 8.5% (down from 8.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 4.6% 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 increased by 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿10.70, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Specialty Retail industry in Thailand. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.82 per share.Declared Dividend • Aug 29First half dividend of ฿0.18 announcedDividend of ฿0.18 is the same as last year. Ex-date: 10th September 2024 Payment date: 24th September 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Aug 27Home Product Center Public Company Limited Announces Cash Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on September 24, 2024Home Product Center Public Company Limited announced cash dividend payment of THB 0.18 per share for the period from January 1, 2024 to June 30, 2024. Ex-dividend date is September 10, 2024. The dividend payable is September 24, 2024. Record date for the right to receive dividends is September 11, 2024.Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿9.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Specialty Retail industry in Thailand. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.76 per share.New Risk • Jul 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 43% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 01First quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.12 in 1Q 2023)First quarter 2024 results: EPS: ฿0.13 (up from ฿0.12 in 1Q 2023). Revenue: ฿18.8b (up 2.9% from 1Q 2023). Net income: ฿1.71b (up 6.3% from 1Q 2023). Profit margin: 9.1% (up from 8.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 15Upcoming dividend of ฿0.22 per shareEligible shareholders must have bought the stock before 22 April 2024. Payment date: 08 May 2024. Payout ratio and cash payout ratio are on the higher end at 82% and 99% respectively. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.7%).공시 • Apr 10Home Product Center Public Company Limited Approves Dividend for the Second Half Year Ended 31 December 2023, Payable on 8 May 2024Home Product Center Public Company Limited at its Annual General Meeting of Shareholders for the year 2024 held on 10 April 2024, approved the dividend payment for the operation results of the second half of the year 2023 (July 2023 - December 2023) as per separate financial statement by cash at the rate of THB 0.22 per share, or not exceeding in total of THB 2,893.27 Million. The total of the cash dividend payment for the whole year shall be equivalent to the rate of THB 0.40 per share which the total amount was calculated to be approximately THB 5,260.49 Million, or at payout ratio of 85.19 % of net profit according to the separate financial statement. Such rate of dividend payment is in accordance with the dividend payment policy of the Company. All dividends shall be deducted for the withholding tax at the rate stipulated by law. According to the dividend payment mentioned above, the Company will pay such from the net profit arising from the Company's operation result of July 2023 - December 2023 in which the Company is required to pay for corporate income tax at the rate 20%. The Shareholders who are individuals can obtain tax credits due to the dividend payment in accordance with Section 47 bis of the Revenue Code. The list of shareholders who are entitled to receive the dividend (Record Date) will be issued on 23 April 2024, and the dividend will be paid on 8 May 2024.Declared Dividend • Feb 29Final dividend increased to ฿0.22Dividend of ฿0.22 is 4.8% higher than last year. Ex-date: 22nd April 2024 Payment date: 8th May 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 28Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2024Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider the approval of the minutes of The Annual General Meeting of the Shareholders for the year 2023; to consider for acknowledgment the Company's Operation Result of the year 2023; to consider the approval of the Statements of Financial Position and Statements of Comprehensive Income, including the Auditor's Report for the year ended 31st December 2023; to consider the approval of the dividend payment for the year 2023; to consider the approval the appointment of the Company's directors in place of the directors who are retired by rotation; to consider the approval the remuneration of directors for the year 2024; to consider the approval the payment of directors' bonus for the year 2023; to consider the approval the appointment of auditors and determination the auditing fee for the year 2024; to consider the approval the amendment to the Memorandum of Association, Section 3 (Company's objectives).Reported Earnings • Feb 28Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: ฿0.49 (up from ฿0.47 in FY 2022). Revenue: ฿72.8b (up 4.9% from FY 2022). Net income: ฿6.44b (up 3.6% from FY 2022). Profit margin: 8.8% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.1% 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 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공시 • Feb 27Home Product Center Public Company Limited Proposes Dividend for the Second Half Year Ended 31 December 2023, Payable on 8 May 2024Home Product Center Public Company Limited announced that at its board meeting held on 27 February 2024, to propose the Shareholders' Meeting for consideration of approval of the dividend payment for the company's operation result from 1 January 2023 to 31 December 2023. The details are as follows: For the company's operation result of the second half of the year 2023 (July 2023 to December 2023). On 27 February 2024, the board of directors' Meeting no. 2/2024 approved to propose the Annual General Meeting of Shareholders for consideration and approval the dividend payment in cash at the rate of THB 0.22 per share or not exceeding in total amount of THB 2,893.27 million. The total of dividend payment in cash for the whole year shall be equivalent to the rate of THB 0.40 per share which the total amount was calculated to be approximately THB 5,260.49 million or at payout ratio of 85.19% of net profit according to the separate financial statement. The name list of shareholders who are eligible to receive the dividend payment will be specified on 23 April 2024 (record date) and the payment of dividend will be made on 8 May 2024.Reported Earnings • Nov 01Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2023 results: EPS: ฿0.12 (in line with 3Q 2022). Revenue: ฿17.5b (up 3.2% from 3Q 2022). Net income: ฿1.53b (flat on 3Q 2022). Profit margin: 8.8% (down from 9.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.7% 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 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 05Upcoming dividend of ฿0.18 per share at 2.9% yieldEligible shareholders must have bought the stock before 12 September 2023. Payment date: 27 September 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (2.1%).New Risk • Jul 27New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Dividend is not well covered by cash flows (102% cash payout ratio).Reported Earnings • Jul 26Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: ฿0.12 (up from ฿0.12 in 2Q 2022). Revenue: ฿18.9b (up 9.2% from 2Q 2022). Net income: ฿1.62b (up 6.6% from 2Q 2022). Profit margin: 8.6% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 5.4% 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 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 28First quarter 2023 earnings: EPS exceeds analyst expectationsFirst quarter 2023 results: EPS: ฿0.12 (up from ฿0.12 in 1Q 2022). Revenue: ฿18.3b (up 9.5% from 1Q 2022). Net income: ฿1.61b (up 6.6% from 1Q 2022). Profit margin: 8.8% (down from 9.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.3% 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 whereas the company’s share price has increased by 1% per year.Upcoming Dividend • Apr 12Upcoming dividend of ฿0.21 per share at 2.7% yieldEligible shareholders must have bought the stock before 19 April 2023. Payment date: 03 May 2023. Payout ratio and cash payout ratio are on the higher end at 80% and 89% respectively. Trailing yield: 2.7%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.2%).Reported Earnings • Feb 25Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.47 (up from ฿0.41 in FY 2021). Revenue: ฿69.4b (up 8.5% from FY 2021). Net income: ฿6.22b (up 14% from FY 2021). Profit margin: 9.0% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 4.7% 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 1% per year whereas the company’s share price has increased by 4% per year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Pornwut Sarasin was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 26Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ฿0.12 (up from ฿0.066 in 3Q 2021). Revenue: ฿16.9b (up 23% from 3Q 2021). Net income: ฿1.53b (up 76% from 3Q 2021). Profit margin: 9.1% (up from 6.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 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 fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Sep 06Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 27 September 2022. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.8%).Reported Earnings • Jul 27Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: ฿0.12 (up from ฿0.11 in 2Q 2021). Revenue: ฿17.3b (up 2.1% from 2Q 2021). Net income: ฿1.52b (up 6.1% from 2Q 2021). Profit margin: 8.8% (up from 8.4% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.5% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year.Reported Earnings • May 01First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: ฿0.11 (up from ฿0.10 in 1Q 2021). Revenue: ฿16.7b (up 5.3% from 1Q 2021). Net income: ฿1.51b (up 11% from 1Q 2021). Profit margin: 9.1% (up from 8.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 4.5%, compared to a 13% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Pornwut Sarasin was the last independent director to join the board, commencing their role in 2015. 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 • Apr 13Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 20 April 2022. Payment date: 06 May 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.6%).Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.41 (up from ฿0.39 in FY 2020). Revenue: ฿63.9b (up 3.5% from FY 2020). Net income: ฿5.44b (up 5.5% from FY 2020). Profit margin: 8.5% (up from 8.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 4.7%, compared to a 11% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS ฿0.066 (vs ฿0.11 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿13.8b (down 14% from 3Q 2020). Net income: ฿870.4m (down 38% from 3Q 2020). Profit margin: 6.3% (down from 8.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.Board Change • Sep 04Less 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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Pornwut Sarasin was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 29First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.096 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿15.8b (up 3.3% from 1Q 2020). Net income: ฿1.36b (up 7.6% from 1Q 2020). Profit margin: 8.6% (up from 8.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.Upcoming Dividend • Apr 15Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 22 April 2021. Payment date: 06 May 2021. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.1%).Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.39 (vs ฿0.47 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿61.7b (down 8.4% from FY 2019). Net income: ฿5.15b (down 17% from FY 2019). Profit margin: 8.3% (down from 9.2% 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 25Revenue behind estimatesRevenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 3.2%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand.Is New 90 Day High Low • Feb 23New 90-day low: ฿13.20The company is down 13% from its price of ฿15.20 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the 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 ฿5.96 per share.Is New 90 Day High Low • Feb 04New 90-day low: ฿13.30The company is down 6.0% from its price of ฿14.20 on 06 November 2020. The Thai market is up 18% 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 ฿6.18 per share.Is New 90 Day High Low • Nov 24New 90-day high: ฿15.60The company is up 1.0% from its price of ฿15.40 on 26 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed 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 ฿4.96 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of ฿5.36b, down 12% from the prior year. Total revenue was ฿62.7b over the last 12 months, down 7.3% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Earnings beat expectations, revenue disappointsThird-quarter revenue missed analyst estimates by 0.3% at ฿15.1b. Earnings per share (EPS) exceeded analyst estimates by 8.9% at ฿0.11. Revenue is forecast to grow 1.9% over the next year, compared to a 3.5% growth forecast for the Specialty Retail industry in Thailand.Is New 90 Day High Low • Oct 19New 90-day low: ฿13.10The company is down 17% from its price of ฿15.70 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿5.15 per share.이익 및 매출 성장 예측SET:HMPRO - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202873,6786,7677,483N/A1212/31/202771,0596,4376,664N/A1512/31/202668,1896,1446,896N/A153/31/202669,0645,708N/AN/AN/A12/31/202570,5706,0115,6109,337N/A9/30/202571,1106,1376,59410,210N/A6/30/202571,3656,2755,0578,886N/A3/31/202572,4436,4986,0189,637N/A12/31/202472,5776,5046,75810,153N/A9/30/202472,4716,4546,1229,634N/A6/30/202472,9496,5456,3319,966N/A3/31/202473,3576,5436,80010,674N/A12/31/202372,8226,4425,1629,792N/A9/30/202373,1136,4173,9949,671N/A6/30/202372,5646,4174,88810,529N/A3/31/202370,9696,3175,33810,935N/A12/31/202269,3896,2175,4749,952N/A9/30/202268,2846,3398,19810,902N/A6/30/202265,1195,6766,0828,096N/A3/31/202264,7665,5895,8447,396N/A12/31/202163,9265,4416,4727,825N/A9/30/202162,5885,2103,7845,467N/A6/30/202164,8295,7417,1348,730N/A3/31/202162,2575,2517,3939,115N/A12/31/202061,7495,1556,2188,363N/A9/30/202062,6525,3586,8778,864N/A6/30/202062,9995,4394,8457,641N/A3/31/202066,1636,0235,0608,076N/A12/31/201967,3746,177N/A8,808N/A9/30/201967,6376,114N/A8,792N/A6/30/201967,7675,998N/A9,331N/A3/31/201966,6865,784N/A8,973N/A12/31/201866,0505,613N/A8,725N/A9/30/201865,8925,453N/A9,615N/A6/30/201865,5555,270N/A9,431N/A3/31/201864,8625,089N/A8,233N/A12/31/201764,2344,886N/A7,526N/A9/30/201763,2904,680N/A7,021N/A6/30/201761,9424,446N/A5,704N/A3/31/201761,8054,305N/A6,848N/A12/31/201661,1444,125N/A6,987N/A9/30/201660,3283,948N/A6,477N/A6/30/201659,2753,802N/A6,987N/A3/31/201657,7593,631N/A6,765N/A12/31/201556,2433,499N/A6,893N/A9/30/201554,9493,385N/A7,613N/A6/30/201553,8093,349N/A6,264N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: HMPRO 의 연간 예상 수익 증가율(5.6%)이 saving rate(2.2%)보다 높습니다.수익 vs 시장: HMPRO 의 연간 수익(5.6%)이 TH 시장(10.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: HMPRO 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: HMPRO 의 수익(연간 2.5%)이 TH 시장(연간 9.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: HMPRO 의 수익(연간 2.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: HMPRO의 자본 수익률은 3년 후 23.3%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 16:35종가2026/05/27 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 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 소스Home Product Center Public Company Limited는 51명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Piyathida SonthisombatAsia Plus Securities Company LimitedSirichai ChalokepunratBofA Global ResearchChaiyatorn SricharoenBualuang Securities PCL48명의 분석가 더 보기
Upcoming Dividend • Apr 15Upcoming dividend of ฿0.22 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 07 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 88% respectively. Trailing yield: 6.0%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.6%).
Declared Dividend • Feb 28Final dividend of ฿0.22 announcedShareholders will receive a dividend of ฿0.22. Ex-date: 22nd April 2026 Payment date: 7th May 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ฿0.46 (down from ฿0.49 in FY 2024). Revenue: ฿70.6b (down 2.8% from FY 2024). Net income: ฿6.01b (down 7.6% from FY 2024). Profit margin: 8.5% (down from 9.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 2.2% 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 fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
공시 • Feb 26Home Product Center Public Company Limited Proposes Cash Dividend for the Operating Period from 01 July 2025 to 31 December 2025, Payable on 07 May 2026Home Product Center Public Company Limited proposed cash dividend of THB 0.22 per share for the operating period from 01 July 2025 to 31 December 2025. Record date for the right to receive dividends is 23 April 2026. Ex-dividend date is 22 April 2026. Payment date is 07 May 2026. Shareholder's meeting date 09 April 2026.
공시 • Feb 25Home Product Center Public Company Limited, Annual General Meeting, Apr 09, 2026Home Product Center Public Company Limited, Annual General Meeting, Apr 09, 2026, at 10:00 SE Asia Standard Time.
공시 • Jan 28Home Product Center Public Company Limited (SET:HMPRO) announces an Equity Buyback for 394,500,000 shares, representing 3% for THB 2,959 million.Home Product Center Public Company Limited (SET:HMPRO) announces a share repurchase program. Under the program, the company will repurchase up to 394,500,000 shares, representing 3% of its share capital, for THB 2,959 million. The share repurchase price shall not exceed 115 percent of the average closing price over the past 5 trading working days prior to the share repurchase date. The purpose of the program is to optimize the company’s excess liquidity management that is conducted for the utmost benefit an to increase the Return on Equity (ROE) ratio and Earning per Share (EPS) ratio, which will enable the future share price to reflect the true value of The company. The program will expire on August 31, 2026. As of March 11, 2026, the company had 13,151,198,025 shares in its share capital.
Buy Or Sell Opportunity • Jan 28Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.5% to ฿7.00. The fair value is estimated to be ฿5.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.
Reported Earnings • Oct 29Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2025 results: EPS: ฿0.10 (down from ฿0.11 in 3Q 2024). Revenue: ฿16.7b (down 1.7% from 3Q 2024). Net income: ฿1.30b (down 9.6% from 3Q 2024). Profit margin: 7.8% (down from 8.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% 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 remained flat but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Declared Dividend • Aug 28First half dividend of ฿0.16 announcedShareholders will receive a dividend of ฿0.16. Ex-date: 10th September 2025 Payment date: 24th September 2025 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Aug 24Now 20% overvaluedOver the last 90 days, the stock has fallen 8.4% to ฿7.05. The fair value is estimated to be ฿5.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period.
Buy Or Sell Opportunity • Aug 06Now 21% overvaluedOver the last 90 days, the stock has fallen 8.3% to ฿7.15. The fair value is estimated to be ฿5.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 4.8% per annum over the same time period.
New Risk • Jul 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 56% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (56% net debt to equity). Dividend is not well covered by cash flows (110% cash payout ratio).
Reported Earnings • Jul 30Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ฿0.11 (down from ฿0.12 in 2Q 2024). Revenue: ฿17.5b (down 5.8% from 2Q 2024). Net income: ฿1.40b (down 14% from 2Q 2024). Profit margin: 8.0% (down from 8.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Revenue is forecast to grow 2.6% 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 increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿7.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Specialty Retail industry in Thailand. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿6.49 per share.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿6.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Specialty Retail industry in Thailand. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.11 per share.
Buy Or Sell Opportunity • May 23Now 21% overvaluedOver the last 90 days, the stock has fallen 10% to ฿7.70. The fair value is estimated to be ฿6.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 3.8%. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
Reported Earnings • Apr 30First quarter 2025 earnings: EPS in line with expectations, revenues disappointFirst quarter 2025 results: EPS: ฿0.13 (in line with 1Q 2024). Revenue: ฿18.7b (flat on 1Q 2024). Net income: ฿1.71b (flat on 1Q 2024). Profit margin: 9.2% (up from 9.1% in 1Q 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.6% 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 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 15Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 08 May 2025. Payout ratio and cash payout ratio are on the higher end at 87% and 84% respectively. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (3.8%).
공시 • Apr 10Home Product Center Public Company Limited Approves Dividend for the Period of July 2024 to December 2024. Payable on May 8, 2025Home Product Center Public Company Limited approved the dividend payment for the operation results of the second half of the year 2024 (July 2024 — December 2024) as per separate financial statement by cash at the rate of THB 0.25 per share, or not exceeding in total of THB 3,287.80 Million. The total of the cash dividend payment for the whole year shall be equivalent to the rate of THB 0.43 per share which the total amount was calculated to be approximately THB 5,655.02 Million, or at payout ratio of 81.55% of net profit according to the separate financial statement. Such rate of dividend payment is in accordance with the dividend payment policy of the Company. All dividends shall be deducted for the withholding tax at the rate stipulated by law. According to the dividend payment mentioned above, the Company will pay such from the net profit arising from the Company's operation result of July 2024 - December 2024 in which the Company is required to pay for corporate income tax at the rate 20%. The Shareholders, who are individuals can obtain tax credits due to the dividend payment in accordance with Section 47 bis of the Revenue Code. The list of shareholders who are entitled to receive the dividend (Record Date) will be issued on 23rd April 2025, and the dividend will be paid on 8th May 2025.
Buy Or Sell Opportunity • Apr 09Now 23% overvaluedOver the last 90 days, the stock has fallen 4.4% to ฿8.60. The fair value is estimated to be ฿6.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 5.2%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
공시 • Mar 27Home Product Center Public Company Limited (SET:HMPRO) announces an Equity Buyback for 800,000,000 shares, representing 6.08% for THB 7,000 million.Home Product Center Public Company Limited (SET:HMPRO) announces a share repurchase program. Under the program, the company will repurchase up to 800,000,000 shares, representing 6.08% of its share capital, for THB 7,000 million. The share repurchase price shall not exceed 115 percent of the average closing price over the past 5 trading working days prior to the share repurchase date. The purpose of the program is to optimize the company’s excess liquidity management that is conducted for the utmost benefit an to increase the Return on Equity (ROE) ratio and Earning per Share (EPS) ratio, which will enable the future share price to reflect the true value of The company. The program will expire on September 30, 2025. As of March 13, 2025, the company had 13,151,198,025 shares in its share capital.
Buy Or Sell Opportunity • Mar 21Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to ฿8.20. The fair value is estimated to be ฿6.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 5.2%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Declared Dividend • Feb 27Final dividend of ฿0.25 announcedShareholders will receive a dividend of ฿0.25. Ex-date: 22nd April 2025 Payment date: 8th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 26Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2025Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2025, at 10:00 SE Asia Standard Time.
Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.49 (in line with FY 2023). Revenue: ฿72.6b (flat on FY 2023). Net income: ฿6.50b (up 1.0% from FY 2023). Profit margin: 9.0% (up from 8.8% in FY 2023). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.9% 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 19% per year, which means it is significantly lagging earnings.
공시 • Feb 26Home Product Center Public Company Limited Proposes Cash Dividend for the Period from 01 July 2024 to 31 December 2024, Payable on 08 May 2025The Board of Directors of Home Product Center Public Company Limited has approved to propose the shareholders' meeting to consider and approve the dividend payment for the year 2024 at the rate THB 0.43 per share, totaling THB 5,655.02 million or at a payout ratio of 81.55% of the net profit of the separate financial statement after deducting the interim dividend of THB 0.18 per share that was paid on September 24, 2024. The outstanding dividend will be distributed at a rate of THB 0.25 per share, for a total of THB 3,287.80 million. Record date for the right to receive dividends 23 April 2025. Ex-dividend date is 22 April 2025. Payment date is 08 May 2025. Paid from Operating period from 01 July 2024 to 31 December 2024.
Buy Or Sell Opportunity • Feb 12Now 24% overvaluedOver the last 90 days, the stock has fallen 11% to ฿8.45. The fair value is estimated to be ฿6.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period.
공시 • Feb 05Home Product Center Public Company Limited NVDR SHARES Depositary Receipts to Be Deleted from OTC EquityHome Product Center Public Company Limited NVDR SHARES Depositary Receipts will be deleted from OTC Equity effective February 04, 2025, due to Inactive Security.
Buy Or Sell Opportunity • Jan 15Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to ฿8.75. The fair value is estimated to be ฿7.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period.
Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ฿0.11 (down from ฿0.12 in 3Q 2023). Revenue: ฿17.0b (down 2.7% from 3Q 2023). Net income: ฿1.44b (down 5.9% from 3Q 2023). Profit margin: 8.5% (down from 8.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 4.6% 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 increased by 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿10.70, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Specialty Retail industry in Thailand. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.82 per share.
Declared Dividend • Aug 29First half dividend of ฿0.18 announcedDividend of ฿0.18 is the same as last year. Ex-date: 10th September 2024 Payment date: 24th September 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Aug 27Home Product Center Public Company Limited Announces Cash Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on September 24, 2024Home Product Center Public Company Limited announced cash dividend payment of THB 0.18 per share for the period from January 1, 2024 to June 30, 2024. Ex-dividend date is September 10, 2024. The dividend payable is September 24, 2024. Record date for the right to receive dividends is September 11, 2024.
Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿9.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Specialty Retail industry in Thailand. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.76 per share.
New Risk • Jul 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 43% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.12 in 1Q 2023)First quarter 2024 results: EPS: ฿0.13 (up from ฿0.12 in 1Q 2023). Revenue: ฿18.8b (up 2.9% from 1Q 2023). Net income: ฿1.71b (up 6.3% from 1Q 2023). Profit margin: 9.1% (up from 8.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 15Upcoming dividend of ฿0.22 per shareEligible shareholders must have bought the stock before 22 April 2024. Payment date: 08 May 2024. Payout ratio and cash payout ratio are on the higher end at 82% and 99% respectively. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.7%).
공시 • Apr 10Home Product Center Public Company Limited Approves Dividend for the Second Half Year Ended 31 December 2023, Payable on 8 May 2024Home Product Center Public Company Limited at its Annual General Meeting of Shareholders for the year 2024 held on 10 April 2024, approved the dividend payment for the operation results of the second half of the year 2023 (July 2023 - December 2023) as per separate financial statement by cash at the rate of THB 0.22 per share, or not exceeding in total of THB 2,893.27 Million. The total of the cash dividend payment for the whole year shall be equivalent to the rate of THB 0.40 per share which the total amount was calculated to be approximately THB 5,260.49 Million, or at payout ratio of 85.19 % of net profit according to the separate financial statement. Such rate of dividend payment is in accordance with the dividend payment policy of the Company. All dividends shall be deducted for the withholding tax at the rate stipulated by law. According to the dividend payment mentioned above, the Company will pay such from the net profit arising from the Company's operation result of July 2023 - December 2023 in which the Company is required to pay for corporate income tax at the rate 20%. The Shareholders who are individuals can obtain tax credits due to the dividend payment in accordance with Section 47 bis of the Revenue Code. The list of shareholders who are entitled to receive the dividend (Record Date) will be issued on 23 April 2024, and the dividend will be paid on 8 May 2024.
Declared Dividend • Feb 29Final dividend increased to ฿0.22Dividend of ฿0.22 is 4.8% higher than last year. Ex-date: 22nd April 2024 Payment date: 8th May 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 28Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2024Home Product Center Public Company Limited, Annual General Meeting, Apr 10, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider the approval of the minutes of The Annual General Meeting of the Shareholders for the year 2023; to consider for acknowledgment the Company's Operation Result of the year 2023; to consider the approval of the Statements of Financial Position and Statements of Comprehensive Income, including the Auditor's Report for the year ended 31st December 2023; to consider the approval of the dividend payment for the year 2023; to consider the approval the appointment of the Company's directors in place of the directors who are retired by rotation; to consider the approval the remuneration of directors for the year 2024; to consider the approval the payment of directors' bonus for the year 2023; to consider the approval the appointment of auditors and determination the auditing fee for the year 2024; to consider the approval the amendment to the Memorandum of Association, Section 3 (Company's objectives).
Reported Earnings • Feb 28Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: ฿0.49 (up from ฿0.47 in FY 2022). Revenue: ฿72.8b (up 4.9% from FY 2022). Net income: ฿6.44b (up 3.6% from FY 2022). Profit margin: 8.8% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.1% 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 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공시 • Feb 27Home Product Center Public Company Limited Proposes Dividend for the Second Half Year Ended 31 December 2023, Payable on 8 May 2024Home Product Center Public Company Limited announced that at its board meeting held on 27 February 2024, to propose the Shareholders' Meeting for consideration of approval of the dividend payment for the company's operation result from 1 January 2023 to 31 December 2023. The details are as follows: For the company's operation result of the second half of the year 2023 (July 2023 to December 2023). On 27 February 2024, the board of directors' Meeting no. 2/2024 approved to propose the Annual General Meeting of Shareholders for consideration and approval the dividend payment in cash at the rate of THB 0.22 per share or not exceeding in total amount of THB 2,893.27 million. The total of dividend payment in cash for the whole year shall be equivalent to the rate of THB 0.40 per share which the total amount was calculated to be approximately THB 5,260.49 million or at payout ratio of 85.19% of net profit according to the separate financial statement. The name list of shareholders who are eligible to receive the dividend payment will be specified on 23 April 2024 (record date) and the payment of dividend will be made on 8 May 2024.
Reported Earnings • Nov 01Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2023 results: EPS: ฿0.12 (in line with 3Q 2022). Revenue: ฿17.5b (up 3.2% from 3Q 2022). Net income: ฿1.53b (flat on 3Q 2022). Profit margin: 8.8% (down from 9.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.7% 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 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 05Upcoming dividend of ฿0.18 per share at 2.9% yieldEligible shareholders must have bought the stock before 12 September 2023. Payment date: 27 September 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (2.1%).
New Risk • Jul 27New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Dividend is not well covered by cash flows (102% cash payout ratio).
Reported Earnings • Jul 26Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: ฿0.12 (up from ฿0.12 in 2Q 2022). Revenue: ฿18.9b (up 9.2% from 2Q 2022). Net income: ฿1.62b (up 6.6% from 2Q 2022). Profit margin: 8.6% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 5.4% 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 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 28First quarter 2023 earnings: EPS exceeds analyst expectationsFirst quarter 2023 results: EPS: ฿0.12 (up from ฿0.12 in 1Q 2022). Revenue: ฿18.3b (up 9.5% from 1Q 2022). Net income: ฿1.61b (up 6.6% from 1Q 2022). Profit margin: 8.8% (down from 9.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.3% 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 whereas the company’s share price has increased by 1% per year.
Upcoming Dividend • Apr 12Upcoming dividend of ฿0.21 per share at 2.7% yieldEligible shareholders must have bought the stock before 19 April 2023. Payment date: 03 May 2023. Payout ratio and cash payout ratio are on the higher end at 80% and 89% respectively. Trailing yield: 2.7%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.2%).
Reported Earnings • Feb 25Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.47 (up from ฿0.41 in FY 2021). Revenue: ฿69.4b (up 8.5% from FY 2021). Net income: ฿6.22b (up 14% from FY 2021). Profit margin: 9.0% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 4.7% 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 1% per year whereas the company’s share price has increased by 4% per year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Pornwut Sarasin was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 26Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ฿0.12 (up from ฿0.066 in 3Q 2021). Revenue: ฿16.9b (up 23% from 3Q 2021). Net income: ฿1.53b (up 76% from 3Q 2021). Profit margin: 9.1% (up from 6.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 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 fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Sep 06Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 27 September 2022. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.8%).
Reported Earnings • Jul 27Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: ฿0.12 (up from ฿0.11 in 2Q 2021). Revenue: ฿17.3b (up 2.1% from 2Q 2021). Net income: ฿1.52b (up 6.1% from 2Q 2021). Profit margin: 8.8% (up from 8.4% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.5% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year.
Reported Earnings • May 01First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: ฿0.11 (up from ฿0.10 in 1Q 2021). Revenue: ฿16.7b (up 5.3% from 1Q 2021). Net income: ฿1.51b (up 11% from 1Q 2021). Profit margin: 9.1% (up from 8.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 4.5%, compared to a 13% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Pornwut Sarasin was the last independent director to join the board, commencing their role in 2015. 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 • Apr 13Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 20 April 2022. Payment date: 06 May 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.6%).
Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.41 (up from ฿0.39 in FY 2020). Revenue: ฿63.9b (up 3.5% from FY 2020). Net income: ฿5.44b (up 5.5% from FY 2020). Profit margin: 8.5% (up from 8.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 4.7%, compared to a 11% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS ฿0.066 (vs ฿0.11 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿13.8b (down 14% from 3Q 2020). Net income: ฿870.4m (down 38% from 3Q 2020). Profit margin: 6.3% (down from 8.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.
Board Change • Sep 04Less 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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Pornwut Sarasin was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.096 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿15.8b (up 3.3% from 1Q 2020). Net income: ฿1.36b (up 7.6% from 1Q 2020). Profit margin: 8.6% (up from 8.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
Upcoming Dividend • Apr 15Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 22 April 2021. Payment date: 06 May 2021. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.1%).
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.39 (vs ฿0.47 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿61.7b (down 8.4% from FY 2019). Net income: ฿5.15b (down 17% from FY 2019). Profit margin: 8.3% (down from 9.2% 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 25Revenue behind estimatesRevenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 3.2%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand.
Is New 90 Day High Low • Feb 23New 90-day low: ฿13.20The company is down 13% from its price of ฿15.20 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the 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 ฿5.96 per share.
Is New 90 Day High Low • Feb 04New 90-day low: ฿13.30The company is down 6.0% from its price of ฿14.20 on 06 November 2020. The Thai market is up 18% 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 ฿6.18 per share.
Is New 90 Day High Low • Nov 24New 90-day high: ฿15.60The company is up 1.0% from its price of ฿15.40 on 26 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed 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 ฿4.96 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of ฿5.36b, down 12% from the prior year. Total revenue was ฿62.7b over the last 12 months, down 7.3% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Earnings beat expectations, revenue disappointsThird-quarter revenue missed analyst estimates by 0.3% at ฿15.1b. Earnings per share (EPS) exceeded analyst estimates by 8.9% at ฿0.11. Revenue is forecast to grow 1.9% over the next year, compared to a 3.5% growth forecast for the Specialty Retail industry in Thailand.
Is New 90 Day High Low • Oct 19New 90-day low: ฿13.10The company is down 17% from its price of ฿15.70 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿5.15 per share.