View Future GrowthS P V I 과거 순이익 실적과거 기준 점검 3/6S P V I의 수입은 연평균 -8.6%의 비율로 감소해 온 반면, Specialty Retail 산업은 수입이 연평균 4.9% 증가했습니다. 매출은 연평균 10.9%의 비율로 증가해 왔습니다. S P V I의 자기자본이익률은 19.7%이고 순이익률은 1.6%입니다.핵심 정보-8.57%순이익 성장률-8.57%주당순이익(EPS) 성장률Specialty Retail 산업 성장률7.57%매출 성장률10.89%자기자본이익률19.72%순이익률1.61%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 08First quarter 2026 earnings released: EPS: ฿0.14 (vs ฿0.048 in 1Q 2025)First quarter 2026 results: EPS: ฿0.14 (up from ฿0.048 in 1Q 2025). Revenue: ฿2.03b (up 7.6% from 1Q 2025). Net income: ฿54.2m (up 182% from 1Q 2025). Profit margin: 2.7% (up from 1.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.Reported Earnings • Feb 15Full year 2025 earnings released: EPS: ฿0.25 (vs ฿0.12 in FY 2024)Full year 2025 results: EPS: ฿0.25 (up from ฿0.12 in FY 2024). Revenue: ฿8.36b (up 22% from FY 2024). Net income: ฿101.6m (up 110% from FY 2024). Profit margin: 1.2% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 20% per year.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.078 (vs ฿0.013 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.078 (up from ฿0.013 in 3Q 2024). Revenue: ฿2.09b (up 41% from 3Q 2024). Net income: ฿31.2m (up ฿26.1m from 3Q 2024). Profit margin: 1.5% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Reported Earnings • May 08First quarter 2025 earnings released: EPS: ฿0.048 (vs ฿0.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.048 (up from ฿0.03 in 1Q 2024). Revenue: ฿1.89b (up 6.5% from 1Q 2024). Net income: ฿19.2m (up 59% from 1Q 2024). Profit margin: 1.0% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿0.12 (vs ฿0.25 in FY 2023)Full year 2024 results: EPS: ฿0.12 (down from ฿0.25 in FY 2023). Revenue: ฿6.83b (flat on FY 2023). Net income: ฿48.4m (down 52% from FY 2023). Profit margin: 0.7% (down from 1.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.Reported Earnings • Dec 13Third quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.013 (down from ฿0.06 in 3Q 2023). Revenue: ฿1.49b (down 18% from 3Q 2023). Net income: ฿5.13m (down 79% from 3Q 2023). Profit margin: 0.3% (down from 1.3% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 34% per year, which means it is performing significantly worse than earnings.모든 업데이트 보기Recent updatesReported Earnings • May 08First quarter 2026 earnings released: EPS: ฿0.14 (vs ฿0.048 in 1Q 2025)First quarter 2026 results: EPS: ฿0.14 (up from ฿0.048 in 1Q 2025). Revenue: ฿2.03b (up 7.6% from 1Q 2025). Net income: ฿54.2m (up 182% from 1Q 2025). Profit margin: 2.7% (up from 1.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿3.30, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 25% over the past three years.Buy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 23% to ฿2.58. The fair value is estimated to be ฿3.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 25%.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the Specialty Retail industry in Thailand. Total loss to shareholders of 51% over the past three years.New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.4% per year over the past 5 years. 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 (6.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿920.0m market cap, or US$29.3m).Buy Or Sell Opportunity • Mar 02Now 28% undervaluedOver the last 90 days, the stock has risen 1.8% to ฿2.30. The fair value is estimated to be ฿3.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 25%.Reported Earnings • Feb 15Full year 2025 earnings released: EPS: ฿0.25 (vs ฿0.12 in FY 2024)Full year 2025 results: EPS: ฿0.25 (up from ฿0.12 in FY 2024). Revenue: ฿8.36b (up 22% from FY 2024). Net income: ฿101.6m (up 110% from FY 2024). Profit margin: 1.2% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 20% per year.Declared Dividend • Feb 14Dividend increased to ฿0.14Dividend of ฿0.14 is 81% higher than last year. Ex-date: 2nd March 2026 Payment date: 24th April 2026 Dividend yield will be 5.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Feb 13+ 1 more updateS P V I Public Company Limited announces Annual dividend, payable on April 24, 2026S P V I Public Company Limited announced Annual dividend of THB 0.1450 per share payable on April 24, 2026, ex-date on March 02, 2026 and record date on March 04, 2026.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.078 (vs ฿0.013 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.078 (up from ฿0.013 in 3Q 2024). Revenue: ฿2.09b (up 41% from 3Q 2024). Net income: ฿31.2m (up ฿26.1m from 3Q 2024). Profit margin: 1.5% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Oct 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to ฿2.20. The fair value is estimated to be ฿1.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 36%.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿2.42, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Specialty Retail industry in Thailand. Total loss to shareholders of 49% over the past three years.Buy Or Sell Opportunity • Aug 06Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to ฿2.40. The fair value is estimated to be ฿1.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 36%.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 35%After last week's 35% share price gain to ฿2.10, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 44% over the past three years.Reported Earnings • May 08First quarter 2025 earnings released: EPS: ฿0.048 (vs ฿0.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.048 (up from ฿0.03 in 1Q 2024). Revenue: ฿1.89b (up 6.5% from 1Q 2024). Net income: ฿19.2m (up 59% from 1Q 2024). Profit margin: 1.0% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.New Risk • May 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (11% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿720.0m market cap, or US$22.0m).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 28%After last week's 28% share price gain to ฿1.80, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 15x in the Specialty Retail industry in Thailand. Total loss to shareholders of 63% over the past three years.Declared Dividend • Feb 16Dividend reduced to ฿0.08Dividend of ฿0.08 is 45% lower than last year. Ex-date: 5th March 2025 Payment date: 25th April 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is well covered by cash flows (15% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. However, EPS has declined by 8.6% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿0.12 (vs ฿0.25 in FY 2023)Full year 2024 results: EPS: ฿0.12 (down from ฿0.25 in FY 2023). Revenue: ฿6.83b (flat on FY 2023). Net income: ฿48.4m (down 52% from FY 2023). Profit margin: 0.7% (down from 1.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.공시 • Feb 14+ 1 more updateS P V I Public Company Limited, Annual General Meeting, Apr 04, 2025S P V I Public Company Limited, Annual General Meeting, Apr 04, 2025, at 14:00 SE Asia Standard Time. Location: no. 1023, ms siam tower, 31 floor (asic meeting, room), rama 3 road, chong nonsi, yan nawa, bangkok 10120, bangkok ThailandNew Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (108% payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (฿724.0m market cap, or US$21.2m).Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿1.76, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 20x in the Specialty Retail industry in Thailand. Total loss to shareholders of 74% over the past three years.Reported Earnings • Dec 13Third quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.013 (down from ฿0.06 in 3Q 2023). Revenue: ฿1.49b (down 18% from 3Q 2023). Net income: ฿5.13m (down 79% from 3Q 2023). Profit margin: 0.3% (down from 1.3% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 34% per year, which means it is performing significantly worse than earnings.New Risk • Nov 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (7.0% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (฿920.0m market cap, or US$26.4m).Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.30, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 22x in the Specialty Retail industry in Thailand. Total loss to shareholders of 59% over the past three years.Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿3.30, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 20x in the Specialty Retail industry in Thailand. Total loss to shareholders of 43% over the past three years.공시 • Aug 23S P V I Public Company Limited Announces CFO ChangesS P V I Public Company Limited announced the resignation of Miss Pakjira Tassanasewee as Vice President of Finance Accounting. Effective date of termination is 21 August, 2024. The company appointed Mr. Hathaiwat Puapunt as Vice President of Finance Accounting. Effective date of appointment is 22 August, 2024.Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: ฿0.045 (vs ฿0.057 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.045 (down from ฿0.057 in 2Q 2023). Revenue: ฿1.71b (up 14% from 2Q 2023). Net income: ฿17.9m (down 22% from 2Q 2023). Profit margin: 1.0% (down from 1.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.New Risk • May 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (฿1.16b market cap, or US$31.6m).Reported Earnings • May 08First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.087 in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (down from ฿0.087 in 1Q 2023). Revenue: ฿1.77b (up 15% from 1Q 2023). Net income: ฿12.1m (down 65% from 1Q 2023). Profit margin: 0.7% (down from 2.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.공시 • Apr 05S P V I Public Company Limited Approves Dividend for the Year 2023, Payable on April 25, 2024S P V I Public Company Limited announced at annual general meeting of shareholders held on April 4, 2024, the shareholders approved dividend payment of the year 2023 to be made to shareholders. Dividends shall be paid at THB 0.145 totalling THB 58,000,000. The record date on which shareholders have the rights for receive dividend on March 7, 2024 and the date of dividend payment would be on April 25, 2024.Upcoming Dividend • Feb 28Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.6%).Declared Dividend • Feb 17Dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 6th March 2024 Payment date: 25th April 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Feb 16S P V I Public Company Limited, Annual General Meeting, Apr 04, 2024S P V I Public Company Limited, Annual General Meeting, Apr 04, 2024, at 07:00 Coordinated Universal Time. Location: No. 1023, MS Siam Tower, 31st Floor (ASIC Meeting Room), Rama 3 Road, Chong Nonsi, Yan Nawa Bangkok Thailand Agenda: To acknowledge the board of directors' report on the company's operating results in 2023; to consider and approve the audited statement of financial position and statement of comprehensive income for the year ended 31 December 2023; to consider and approve the profit apportionment and dividend payment derived from the operating results for the year ended 31 December 2023 and set the record date for the shareholder's right to attend receive dividend; to consider and approve the appointment of new directors replacing those retired by rotation in 2024; and to consider other business (if any).Reported Earnings • Feb 16Full year 2023 earnings released: EPS: ฿0.25 (vs ฿0.32 in FY 2022)Full year 2023 results: EPS: ฿0.25 (down from ฿0.32 in FY 2022). Revenue: ฿6.77b (up 21% from FY 2022). Net income: ฿100.2m (down 21% from FY 2022). Profit margin: 1.5% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Feb 16S P V I Public Company Limited Proposes Dividend, Payable on April 25, 2024The board of directors of S P V I Public Company Limited at its meeting held on February 15, 2024, approved a dividend payment of THB 0.145 (par THB 0.50). The record date is March 7, 2024. and payment would be on April 25, 2024. In this regard, the right to receive dividend is uncertain as it is subjected to the approval of the shareholders' meeting.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿3.70, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 24x in the Specialty Retail industry in Thailand. Total returns to shareholders of 36% over the past three years.Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.073 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (down from ฿0.073 in 3Q 2022). Revenue: ฿1.82b (up 38% from 3Q 2022). Net income: ฿23.9m (down 18% from 3Q 2022). Profit margin: 1.3% (down from 2.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.New Risk • Aug 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Market cap is less than US$100m (฿1.87b market cap, or US$53.5m).Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: ฿0.057 (vs ฿0.067 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.057 (down from ฿0.067 in 2Q 2022). Revenue: ฿1.50b (up 8.2% from 2Q 2022). Net income: ฿22.9m (down 15% from 2Q 2022). Profit margin: 1.5% (down from 1.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% 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 23% per year whereas the company’s share price has increased by 20% per year.Upcoming Dividend • Feb 23Upcoming dividend of ฿0.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 02 March 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 49% and the cash payout ratio is 82%. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (2.0%).Reported Earnings • Feb 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.32 (up from ฿0.31 in FY 2021). Revenue: ฿5.62b (flat on FY 2021). Net income: ฿126.6m (flat on FY 2021). Profit margin: 2.3% (in line with FY 2021). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 8.6%. Revenue is forecast to grow 12% p.a. on average during the next 2 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 26% per year whereas the company’s share price has increased by 28% per year.Price Target Changed • Nov 16Price target decreased to ฿5.90Down from ฿9.00, the current price target is provided by 1 analyst. New target price is 7.3% above last closing price of ฿5.50. Stock is down 12% over the past year. The company is forecast to post earnings per share of ฿0.35 for next year compared to ฿0.31 last year.Board Change • Nov 16Less 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Vice Chairman of the Board Sujin Suwannagate was the last independent director to join the board, commencing their role in 2012. 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 • Nov 05Third quarter 2022 earnings released: EPS: ฿0.073 (vs ฿0.036 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.073 (up from ฿0.036 in 3Q 2021). Revenue: ฿1.32b (up 31% from 3Q 2021). Net income: ฿29.1m (up 102% from 3Q 2021). Profit margin: 2.2% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% 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 28% per year whereas the company’s share price has increased by 27% per year.Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Specialty Retail industry in Thailand. Total returns to shareholders of 354% over the past three years.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.067 (vs ฿0.042 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.067 (up from ฿0.042 in 2Q 2021). Revenue: ฿1.39b (up 18% from 2Q 2021). Net income: ฿27.0m (up 60% from 2Q 2021). Profit margin: 1.9% (up from 1.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.2%, compared to a 11% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿5.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Specialty Retail industry in Thailand. Total returns to shareholders of 281% over the past three years.Price Target Changed • May 14Price target decreased to ฿6.00Down from ฿9.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ฿5.30. Stock is down 21% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.31 last year.Reported Earnings • May 08First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.069 (down from ฿0.085 in 1Q 2021). Revenue: ฿1.26b (down 9.5% from 1Q 2021). Net income: ฿27.7m (down 18% from 1Q 2021). Profit margin: 2.2% (down from 2.4% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 22%, compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Less 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sujin Suwannagate was the last independent director to join the board, commencing their role in 2012. 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 • Feb 23Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 02 March 2022. Payment date: 25 April 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.7%).Reported Earnings • Feb 18Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.31 (up from ฿0.18 in FY 2020). Revenue: ฿5.57b (up 53% from FY 2020). Net income: ฿125.6m (up 71% from FY 2020). Profit margin: 2.3% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 8.2%, compared to a 12% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 24Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿7.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Specialty Retail industry in Thailand. Total returns to shareholders of 581% over the past three years.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS ฿0.036 (vs ฿0.02 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.01b (up 44% from 3Q 2020). Net income: ฿14.4m (up 83% from 3Q 2020). Profit margin: 1.4% (up from 1.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿7.10, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 32x in the Specialty Retail industry in Thailand. Total returns to shareholders of 370% over the past three years.Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS ฿0.042 (vs ฿0.029 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿1.18b (up 67% from 2Q 2020). Net income: ฿16.8m (up 45% from 2Q 2020). Profit margin: 1.4% (down from 1.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 08First quarter 2021 earnings released: EPS ฿0.085 (vs ฿0.03 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.39b (up 86% from 1Q 2020). Net income: ฿33.8m (up 180% from 1Q 2020). Profit margin: 2.4% (up from 1.6% 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 28% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 27% share price gain to ฿6.65, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 35x in the Specialty Retail industry in Thailand. Total returns to shareholders of 392% over the past three years.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿5.45, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 35x in the Specialty Retail industry in Thailand. Total returns to shareholders of 345% over the past three years.Is New 90 Day High Low • Mar 02New 90-day high: ฿4.20The company is up 30% from its price of ฿3.22 on 02 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 7.0% over the same period.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿4.12, the stock is trading at a trailing P/E ratio of 22.5x, up from the previous P/E ratio of 18x. This compares to an average P/E of 33x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 173%.Reported Earnings • Feb 17Full year 2020 earnings released: EPS ฿0.18 (vs ฿0.19 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿3.63b (flat on FY 2019). Net income: ฿73.3m (down 3.2% from FY 2019). Profit margin: 2.0% (down from 2.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year.Analyst Estimate Surprise Post Earnings • Feb 17Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 5.3%.Is New 90 Day High Low • Feb 10New 90-day high: ฿3.44The company is up 17% from its price of ฿2.94 on 12 November 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period.Is New 90 Day High Low • Jan 04New 90-day low: ฿2.84The company is down 11% from its price of ฿3.18 on 06 October 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 6.0% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: ฿1.69 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿15.5m (down 98% from 3Q 2019). Net loss: ฿677.0m (down ฿693.2m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 16Market pulls back on stock over the past weekAfter last week's 15% share price decline to ฿3.26, the stock is trading at a trailing P/E ratio of 18.2x, down from the previous P/E ratio of 21.4x. This compares to an average P/E of 23x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 165%.Is New 90 Day High Low • Oct 06New 90-day high: ฿3.18The company is up 15% from its price of ฿2.76 on 08 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period.매출 및 비용 세부 내역S P V I가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:SPVI 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 268,504137720031 Dec 258,361102718030 Sep 257,77985705030 Jun 257,17459672031 Mar 256,94455654031 Dec 246,83048647030 Sep 246,86554641030 Jun 247,19773640031 Mar 246,99578612031 Dec 236,769100587030 Sep 236,519124552030 Jun 236,019129528031 Mar 235,905133503031 Dec 225,615127474030 Sep 225,971144466030 Jun 225,660130434031 Mar 225,440119418031 Dec 215,572126409030 Sep 215,052107391030 Jun 214,743100381031 Mar 214,27695348031 Dec 203,63473335030 Sep 203,44463326030 Jun 203,48172331031 Mar 203,57773352031 Dec 193,60876348030 Sep 193,10863332030 Jun 192,97255321031 Mar 192,75151310031 Dec 182,58945299030 Sep 182,46439291030 Jun 182,36139277031 Mar 182,22138262031 Dec 172,09330248030 Sep 171,97324231030 Jun 171,87317225031 Mar 171,86211220031 Dec 161,7935220030 Sep 161,7605216030 Jun 161,7935222031 Mar 161,7790218031 Dec 151,8669211030 Sep 151,9408206030 Jun 151,875101950양질의 수익: SPVI는 THB45.4M 규모의 큰 일회성 손실이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: SPVI의 현재 순 이익률 (1.6%)은 지난해 (0.8%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: SPVI의 수익은 지난 5년 동안 연평균 8.6% 감소했습니다.성장 가속화: 지난 1년간 SPVI 의 수익 증가율(146.2%)은 연간 평균(-8.6%)을 초과합니다.수익 대 산업: SPVI의 지난 1년 수익 증가율(146.2%)은 Specialty Retail 업계의 24.7%를 상회했습니다.자기자본이익률높은 ROE: SPVI의 자본 수익률(19.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YRetail 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/30 21:57종가2026/05/29 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 소스S P V I Public Company Limited는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Apichat PoobunjirdkulTisco Securities Co. Ltd.Sirilak KonwaiTisco Securities Co. Ltd.
Reported Earnings • May 08First quarter 2026 earnings released: EPS: ฿0.14 (vs ฿0.048 in 1Q 2025)First quarter 2026 results: EPS: ฿0.14 (up from ฿0.048 in 1Q 2025). Revenue: ฿2.03b (up 7.6% from 1Q 2025). Net income: ฿54.2m (up 182% from 1Q 2025). Profit margin: 2.7% (up from 1.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.
Reported Earnings • Feb 15Full year 2025 earnings released: EPS: ฿0.25 (vs ฿0.12 in FY 2024)Full year 2025 results: EPS: ฿0.25 (up from ฿0.12 in FY 2024). Revenue: ฿8.36b (up 22% from FY 2024). Net income: ฿101.6m (up 110% from FY 2024). Profit margin: 1.2% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 20% per year.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.078 (vs ฿0.013 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.078 (up from ฿0.013 in 3Q 2024). Revenue: ฿2.09b (up 41% from 3Q 2024). Net income: ฿31.2m (up ฿26.1m from 3Q 2024). Profit margin: 1.5% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: ฿0.048 (vs ฿0.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.048 (up from ฿0.03 in 1Q 2024). Revenue: ฿1.89b (up 6.5% from 1Q 2024). Net income: ฿19.2m (up 59% from 1Q 2024). Profit margin: 1.0% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿0.12 (vs ฿0.25 in FY 2023)Full year 2024 results: EPS: ฿0.12 (down from ฿0.25 in FY 2023). Revenue: ฿6.83b (flat on FY 2023). Net income: ฿48.4m (down 52% from FY 2023). Profit margin: 0.7% (down from 1.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Dec 13Third quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.013 (down from ฿0.06 in 3Q 2023). Revenue: ฿1.49b (down 18% from 3Q 2023). Net income: ฿5.13m (down 79% from 3Q 2023). Profit margin: 0.3% (down from 1.3% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 34% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 08First quarter 2026 earnings released: EPS: ฿0.14 (vs ฿0.048 in 1Q 2025)First quarter 2026 results: EPS: ฿0.14 (up from ฿0.048 in 1Q 2025). Revenue: ฿2.03b (up 7.6% from 1Q 2025). Net income: ฿54.2m (up 182% from 1Q 2025). Profit margin: 2.7% (up from 1.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿3.30, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 25% over the past three years.
Buy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 23% to ฿2.58. The fair value is estimated to be ฿3.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 25%.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the Specialty Retail industry in Thailand. Total loss to shareholders of 51% over the past three years.
New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.4% per year over the past 5 years. 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 (6.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿920.0m market cap, or US$29.3m).
Buy Or Sell Opportunity • Mar 02Now 28% undervaluedOver the last 90 days, the stock has risen 1.8% to ฿2.30. The fair value is estimated to be ฿3.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 25%.
Reported Earnings • Feb 15Full year 2025 earnings released: EPS: ฿0.25 (vs ฿0.12 in FY 2024)Full year 2025 results: EPS: ฿0.25 (up from ฿0.12 in FY 2024). Revenue: ฿8.36b (up 22% from FY 2024). Net income: ฿101.6m (up 110% from FY 2024). Profit margin: 1.2% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 20% per year.
Declared Dividend • Feb 14Dividend increased to ฿0.14Dividend of ฿0.14 is 81% higher than last year. Ex-date: 2nd March 2026 Payment date: 24th April 2026 Dividend yield will be 5.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Feb 13+ 1 more updateS P V I Public Company Limited announces Annual dividend, payable on April 24, 2026S P V I Public Company Limited announced Annual dividend of THB 0.1450 per share payable on April 24, 2026, ex-date on March 02, 2026 and record date on March 04, 2026.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: ฿0.078 (vs ฿0.013 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.078 (up from ฿0.013 in 3Q 2024). Revenue: ฿2.09b (up 41% from 3Q 2024). Net income: ฿31.2m (up ฿26.1m from 3Q 2024). Profit margin: 1.5% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Oct 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to ฿2.20. The fair value is estimated to be ฿1.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 36%.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿2.42, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Specialty Retail industry in Thailand. Total loss to shareholders of 49% over the past three years.
Buy Or Sell Opportunity • Aug 06Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to ฿2.40. The fair value is estimated to be ฿1.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 36%.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 35%After last week's 35% share price gain to ฿2.10, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 44% over the past three years.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: ฿0.048 (vs ฿0.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.048 (up from ฿0.03 in 1Q 2024). Revenue: ฿1.89b (up 6.5% from 1Q 2024). Net income: ฿19.2m (up 59% from 1Q 2024). Profit margin: 1.0% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
New Risk • May 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (11% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿720.0m market cap, or US$22.0m).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 28%After last week's 28% share price gain to ฿1.80, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 15x in the Specialty Retail industry in Thailand. Total loss to shareholders of 63% over the past three years.
Declared Dividend • Feb 16Dividend reduced to ฿0.08Dividend of ฿0.08 is 45% lower than last year. Ex-date: 5th March 2025 Payment date: 25th April 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is well covered by cash flows (15% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. However, EPS has declined by 8.6% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿0.12 (vs ฿0.25 in FY 2023)Full year 2024 results: EPS: ฿0.12 (down from ฿0.25 in FY 2023). Revenue: ฿6.83b (flat on FY 2023). Net income: ฿48.4m (down 52% from FY 2023). Profit margin: 0.7% (down from 1.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.
공시 • Feb 14+ 1 more updateS P V I Public Company Limited, Annual General Meeting, Apr 04, 2025S P V I Public Company Limited, Annual General Meeting, Apr 04, 2025, at 14:00 SE Asia Standard Time. Location: no. 1023, ms siam tower, 31 floor (asic meeting, room), rama 3 road, chong nonsi, yan nawa, bangkok 10120, bangkok Thailand
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (108% payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (฿724.0m market cap, or US$21.2m).
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ฿1.76, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 20x in the Specialty Retail industry in Thailand. Total loss to shareholders of 74% over the past three years.
Reported Earnings • Dec 13Third quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.013 (down from ฿0.06 in 3Q 2023). Revenue: ฿1.49b (down 18% from 3Q 2023). Net income: ฿5.13m (down 79% from 3Q 2023). Profit margin: 0.3% (down from 1.3% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 34% per year, which means it is performing significantly worse than earnings.
New Risk • Nov 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (7.0% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (฿920.0m market cap, or US$26.4m).
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.30, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 22x in the Specialty Retail industry in Thailand. Total loss to shareholders of 59% over the past three years.
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿3.30, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 20x in the Specialty Retail industry in Thailand. Total loss to shareholders of 43% over the past three years.
공시 • Aug 23S P V I Public Company Limited Announces CFO ChangesS P V I Public Company Limited announced the resignation of Miss Pakjira Tassanasewee as Vice President of Finance Accounting. Effective date of termination is 21 August, 2024. The company appointed Mr. Hathaiwat Puapunt as Vice President of Finance Accounting. Effective date of appointment is 22 August, 2024.
Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: ฿0.045 (vs ฿0.057 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.045 (down from ฿0.057 in 2Q 2023). Revenue: ฿1.71b (up 14% from 2Q 2023). Net income: ฿17.9m (down 22% from 2Q 2023). Profit margin: 1.0% (down from 1.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
New Risk • May 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (฿1.16b market cap, or US$31.6m).
Reported Earnings • May 08First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.087 in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (down from ฿0.087 in 1Q 2023). Revenue: ฿1.77b (up 15% from 1Q 2023). Net income: ฿12.1m (down 65% from 1Q 2023). Profit margin: 0.7% (down from 2.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
공시 • Apr 05S P V I Public Company Limited Approves Dividend for the Year 2023, Payable on April 25, 2024S P V I Public Company Limited announced at annual general meeting of shareholders held on April 4, 2024, the shareholders approved dividend payment of the year 2023 to be made to shareholders. Dividends shall be paid at THB 0.145 totalling THB 58,000,000. The record date on which shareholders have the rights for receive dividend on March 7, 2024 and the date of dividend payment would be on April 25, 2024.
Upcoming Dividend • Feb 28Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.6%).
Declared Dividend • Feb 17Dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 6th March 2024 Payment date: 25th April 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Feb 16S P V I Public Company Limited, Annual General Meeting, Apr 04, 2024S P V I Public Company Limited, Annual General Meeting, Apr 04, 2024, at 07:00 Coordinated Universal Time. Location: No. 1023, MS Siam Tower, 31st Floor (ASIC Meeting Room), Rama 3 Road, Chong Nonsi, Yan Nawa Bangkok Thailand Agenda: To acknowledge the board of directors' report on the company's operating results in 2023; to consider and approve the audited statement of financial position and statement of comprehensive income for the year ended 31 December 2023; to consider and approve the profit apportionment and dividend payment derived from the operating results for the year ended 31 December 2023 and set the record date for the shareholder's right to attend receive dividend; to consider and approve the appointment of new directors replacing those retired by rotation in 2024; and to consider other business (if any).
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: ฿0.25 (vs ฿0.32 in FY 2022)Full year 2023 results: EPS: ฿0.25 (down from ฿0.32 in FY 2022). Revenue: ฿6.77b (up 21% from FY 2022). Net income: ฿100.2m (down 21% from FY 2022). Profit margin: 1.5% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Feb 16S P V I Public Company Limited Proposes Dividend, Payable on April 25, 2024The board of directors of S P V I Public Company Limited at its meeting held on February 15, 2024, approved a dividend payment of THB 0.145 (par THB 0.50). The record date is March 7, 2024. and payment would be on April 25, 2024. In this regard, the right to receive dividend is uncertain as it is subjected to the approval of the shareholders' meeting.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿3.70, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 24x in the Specialty Retail industry in Thailand. Total returns to shareholders of 36% over the past three years.
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.073 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (down from ฿0.073 in 3Q 2022). Revenue: ฿1.82b (up 38% from 3Q 2022). Net income: ฿23.9m (down 18% from 3Q 2022). Profit margin: 1.3% (down from 2.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
New Risk • Aug 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Market cap is less than US$100m (฿1.87b market cap, or US$53.5m).
Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: ฿0.057 (vs ฿0.067 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.057 (down from ฿0.067 in 2Q 2022). Revenue: ฿1.50b (up 8.2% from 2Q 2022). Net income: ฿22.9m (down 15% from 2Q 2022). Profit margin: 1.5% (down from 1.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% 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 23% per year whereas the company’s share price has increased by 20% per year.
Upcoming Dividend • Feb 23Upcoming dividend of ฿0.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 02 March 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 49% and the cash payout ratio is 82%. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (2.0%).
Reported Earnings • Feb 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.32 (up from ฿0.31 in FY 2021). Revenue: ฿5.62b (flat on FY 2021). Net income: ฿126.6m (flat on FY 2021). Profit margin: 2.3% (in line with FY 2021). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 8.6%. Revenue is forecast to grow 12% p.a. on average during the next 2 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 26% per year whereas the company’s share price has increased by 28% per year.
Price Target Changed • Nov 16Price target decreased to ฿5.90Down from ฿9.00, the current price target is provided by 1 analyst. New target price is 7.3% above last closing price of ฿5.50. Stock is down 12% over the past year. The company is forecast to post earnings per share of ฿0.35 for next year compared to ฿0.31 last year.
Board Change • Nov 16Less 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Vice Chairman of the Board Sujin Suwannagate was the last independent director to join the board, commencing their role in 2012. 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 • Nov 05Third quarter 2022 earnings released: EPS: ฿0.073 (vs ฿0.036 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.073 (up from ฿0.036 in 3Q 2021). Revenue: ฿1.32b (up 31% from 3Q 2021). Net income: ฿29.1m (up 102% from 3Q 2021). Profit margin: 2.2% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% 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 28% per year whereas the company’s share price has increased by 27% per year.
Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿6.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Specialty Retail industry in Thailand. Total returns to shareholders of 354% over the past three years.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.067 (vs ฿0.042 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.067 (up from ฿0.042 in 2Q 2021). Revenue: ฿1.39b (up 18% from 2Q 2021). Net income: ฿27.0m (up 60% from 2Q 2021). Profit margin: 1.9% (up from 1.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.2%, compared to a 11% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿5.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Specialty Retail industry in Thailand. Total returns to shareholders of 281% over the past three years.
Price Target Changed • May 14Price target decreased to ฿6.00Down from ฿9.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ฿5.30. Stock is down 21% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.31 last year.
Reported Earnings • May 08First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ฿0.069 (down from ฿0.085 in 1Q 2021). Revenue: ฿1.26b (down 9.5% from 1Q 2021). Net income: ฿27.7m (down 18% from 1Q 2021). Profit margin: 2.2% (down from 2.4% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 22%, compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Less 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Sujin Suwannagate was the last independent director to join the board, commencing their role in 2012. 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 • Feb 23Upcoming dividend of ฿0.17 per shareEligible shareholders must have bought the stock before 02 March 2022. Payment date: 25 April 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.7%).
Reported Earnings • Feb 18Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿0.31 (up from ฿0.18 in FY 2020). Revenue: ฿5.57b (up 53% from FY 2020). Net income: ฿125.6m (up 71% from FY 2020). Profit margin: 2.3% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 8.2%, compared to a 12% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 24Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿7.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Specialty Retail industry in Thailand. Total returns to shareholders of 581% over the past three years.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS ฿0.036 (vs ฿0.02 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.01b (up 44% from 3Q 2020). Net income: ฿14.4m (up 83% from 3Q 2020). Profit margin: 1.4% (up from 1.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿7.10, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 32x in the Specialty Retail industry in Thailand. Total returns to shareholders of 370% over the past three years.
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS ฿0.042 (vs ฿0.029 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ฿1.18b (up 67% from 2Q 2020). Net income: ฿16.8m (up 45% from 2Q 2020). Profit margin: 1.4% (down from 1.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 08First quarter 2021 earnings released: EPS ฿0.085 (vs ฿0.03 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.39b (up 86% from 1Q 2020). Net income: ฿33.8m (up 180% from 1Q 2020). Profit margin: 2.4% (up from 1.6% 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 28% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 27% share price gain to ฿6.65, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 35x in the Specialty Retail industry in Thailand. Total returns to shareholders of 392% over the past three years.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿5.45, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 35x in the Specialty Retail industry in Thailand. Total returns to shareholders of 345% over the past three years.
Is New 90 Day High Low • Mar 02New 90-day high: ฿4.20The company is up 30% from its price of ฿3.22 on 02 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 7.0% over the same period.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 25% share price gain to ฿4.12, the stock is trading at a trailing P/E ratio of 22.5x, up from the previous P/E ratio of 18x. This compares to an average P/E of 33x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 173%.
Reported Earnings • Feb 17Full year 2020 earnings released: EPS ฿0.18 (vs ฿0.19 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿3.63b (flat on FY 2019). Net income: ฿73.3m (down 3.2% from FY 2019). Profit margin: 2.0% (down from 2.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year.
Analyst Estimate Surprise Post Earnings • Feb 17Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 5.3%.
Is New 90 Day High Low • Feb 10New 90-day high: ฿3.44The company is up 17% from its price of ฿2.94 on 12 November 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Jan 04New 90-day low: ฿2.84The company is down 11% from its price of ฿3.18 on 06 October 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 6.0% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: ฿1.69 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿15.5m (down 98% from 3Q 2019). Net loss: ฿677.0m (down ฿693.2m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 16Market pulls back on stock over the past weekAfter last week's 15% share price decline to ฿3.26, the stock is trading at a trailing P/E ratio of 18.2x, down from the previous P/E ratio of 21.4x. This compares to an average P/E of 23x in the Specialty Retail industry in Thailand. Total returns to shareholders over the past three years are 165%.
Is New 90 Day High Low • Oct 06New 90-day high: ฿3.18The company is up 15% from its price of ฿2.76 on 08 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period.