Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.058 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (4.2%). New Risk • Mar 09
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 112% 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: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risks High level of debt (112% net debt to equity). Market cap is less than US$100m (฿1.09b market cap, or US$34.2m). Declared Dividend • Mar 02
Dividend increased to ฿0.058 Dividend of ฿0.058 is 93% higher than last year. Ex-date: 6th May 2026 Payment date: 26th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: ฿0.077 (vs ฿0.046 in FY 2024) Full year 2025 results: EPS: ฿0.077 (up from ฿0.046 in FY 2024). Revenue: ฿1.51b (down 2.4% from FY 2024). Net income: ฿84.8m (up 68% from FY 2024). Profit margin: 5.6% (up from 3.3% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. New Risk • Dec 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.8% per year over the past 5 years. Minor Risks High level of debt (115% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿946.0m market cap, or US$30.5m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.019 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.02 (up from ฿0.019 in 3Q 2024). Revenue: ฿353.9m (down 4.2% from 3Q 2024). Net income: ฿22.2m (up 5.0% from 3Q 2024). Profit margin: 6.3% (up from 5.7% in 3Q 2024). The increase in margin was driven by lower expenses. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.2% 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 8.8% per year over the past 5 years. Minor Risks High level of debt (124% net debt to equity). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿1.12b market cap, or US$34.6m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.029 (vs ฿0.025 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.029 (up from ฿0.025 in 2Q 2024). Revenue: ฿416.8m (down 6.7% from 2Q 2024). Net income: ฿31.5m (up 17% from 2Q 2024). Profit margin: 7.6% (up from 6.1% in 2Q 2024). The increase in margin was driven by lower expenses. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.018 (vs ฿0.018 in 1Q 2024) First quarter 2025 results: EPS: ฿0.018 (in line with 1Q 2024). Revenue: ฿384.9m (up 4.2% from 1Q 2024). Net income: ฿19.4m (flat on 1Q 2024). Profit margin: 5.0% (down from 5.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (3.3%). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: ฿0.046 (vs ฿0.056 in FY 2023) Full year 2024 results: EPS: ฿0.046 (down from ฿0.056 in FY 2023). Revenue: ฿1.55b (up 12% from FY 2023). Net income: ฿50.6m (down 18% from FY 2023). Profit margin: 3.3% (down from 4.5% in FY 2023). New Risk • Nov 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 62% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (฿1.10b market cap, or US$31.8m). Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ฿0.025 (vs ฿0.023 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.025 (up from ฿0.023 in 2Q 2023). Revenue: ฿446.6m (up 17% from 2Q 2023). Net income: ฿27.1m (up 6.5% from 2Q 2023). Profit margin: 6.1% (down from 6.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.018 (vs ฿0.016 in 1Q 2023) First quarter 2024 results: EPS: ฿0.018 (up from ฿0.016 in 1Q 2023). Revenue: ฿369.2m (up 17% from 1Q 2023). Net income: ฿19.5m (up 9.1% from 1Q 2023). Profit margin: 5.3% (down from 5.6% in 1Q 2023). The decrease in margin was driven by higher expenses. 공시 • Apr 30
Star Money Public Company Limited Announces Board and Committee Appointments Star Money Public Company Limited at the AGM held on April 29, 2024, the shareholders approved the appointment of Mr. Senee Vacharasiritham Independent Director Audit Committee Director Chairman of the Risk Management Committee, Nomination and Remuneration Director; Mr. Akeapop Lavansathien as Director Risk Management Director and Mr. Vitit Lavansthien Director Deputy Chairman of the Board Chairman of the Executive Committee. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.056 (vs ฿0.10 in FY 2022) Full year 2023 results: EPS: ฿0.056 (down from ฿0.10 in FY 2022). Revenue: ฿1.38b (down 1.4% from FY 2022). Net income: ฿61.7m (down 24% from FY 2022). Profit margin: 4.5% (down from 5.8% in FY 2022). Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.38, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 13x in the Retail Distributors industry in Thailand. Total loss to shareholders of 33% over the past year. New Risk • Dec 01
New minor risk - Share price stability The 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 Risks Interest payments are not well covered by earnings (2.1x net interest cover). Revenue has declined by 0.1% over the past year. Minor Risks Dividend is not well covered by cash flows (227% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿1.27b market cap, or US$36.0m). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ฿1.28, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 13x in the Retail Distributors industry in Thailand. Reported Earnings • Nov 14
Third quarter 2023 earnings released Third quarter 2023 results: EPS: ฿0.021. Net income: ฿23.5m (up ฿23.5m from 3Q 2022). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿1.54, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 16x in the Retail Distributors industry in Thailand. Reported Earnings • Aug 13
Second quarter 2023 earnings released Second quarter 2023 results: EPS: ฿0.023. Net income: ฿25.4m (up ฿25.4m from 2Q 2022). 공시 • Aug 12
Star Money Public Company Limited Announces Appointment of Kobkaew Pairotsorakit as Company Secretary Star Money Public Company Limited would like to inform the resolution of the Board of Directors Meeting held on 11th August 2023 that the Board of Directors approved the additional appointment of Ms. Kobkaew Pairotsorakit to be the Company Secretary, Effective from 11th August 2023 onwards.