View Future GrowthSVOA 과거 순이익 실적과거 기준 점검 3/6SVOA의 수입은 연평균 -6.2%의 비율로 감소해 온 반면, IT 산업은 수입이 연평균 1.4% 증가했습니다. 매출은 연평균 2.2%의 비율로 증가해 왔습니다. SVOA의 자기자본이익률은 9.3%이고 순이익률은 2.5%입니다.핵심 정보-6.20%순이익 성장률-6.20%주당순이익(EPS) 성장률IT 산업 성장률12.71%매출 성장률2.23%자기자본이익률9.29%순이익률2.52%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.064 (vs ฿0.10 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.064 (up from ฿0.10 loss in 3Q 2024). Revenue: ฿2.41b (up 11% from 3Q 2024). Net income: ฿61.0m (up ฿158.6m from 3Q 2024). Profit margin: 2.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 21% per year.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.038 (vs ฿0.018 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.038 (up from ฿0.018 in 2Q 2024). Revenue: ฿2.15b (up 15% from 2Q 2024). Net income: ฿36.3m (up 111% from 2Q 2024). Profit margin: 1.7% (up from 0.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.051 (vs ฿0.041 in 1Q 2024)First quarter 2025 results: EPS: ฿0.051 (up from ฿0.041 in 1Q 2024). Revenue: ฿2.11b (up 13% from 1Q 2024). Net income: ฿48.8m (up 26% from 1Q 2024). Profit margin: 2.3% (up from 2.1% 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 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.027 (vs ฿0.12 in FY 2023)Full year 2024 results: EPS: ฿0.027 (down from ฿0.12 in FY 2023). Revenue: ฿8.47b (down 8.3% from FY 2023). Net income: ฿25.3m (down 77% from FY 2023). Profit margin: 0.3% (down from 1.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.018 (vs ฿0.038 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.018 (down from ฿0.038 in 2Q 2023). Revenue: ฿1.88b (down 31% from 2Q 2023). Net income: ฿17.2m (down 52% from 2Q 2023). Profit margin: 0.9% (down from 1.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.041 (vs ฿0.038 in 1Q 2023)First quarter 2024 results: EPS: ฿0.041 (up from ฿0.038 in 1Q 2023). Revenue: ฿1.86b (down 23% from 1Q 2023). Net income: ฿38.8m (up 7.3% from 1Q 2023). Profit margin: 2.1% (up from 1.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.모든 업데이트 보기Recent updatesNew Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿1.63b market cap, or US$49.9m).New Risk • May 11New 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿1.63b market cap, or US$50.2m).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿1.75, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 8.7% over the past three years.Declared Dividend • Mar 02Dividend increased to ฿0.08Dividend of ฿0.08 is 66% higher than last year. Ex-date: 12th March 2026 Payment date: 27th April 2026 Dividend yield will be 4.6%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (21% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Feb 28SVOA Public Company Limited Proposes Special Dividend for the Period from January 1, 2025 to December 31, 2025, Payable on April 27, 2026SVOA Public Company Limited proposed special dividend of THB 0.0800 per share payable on April 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026. Paid from Operating period from January 1, 2025 to December 31, 2025. Shareholder's meeting date: April 10, 2026.공시 • Feb 27SVOA Public Company Limited announces Annual dividend, payable on April 27, 2026SVOA Public Company Limited announced Annual dividend of THB 0.0800 per share payable on April 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿1.73, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 19% over the past three years.공시 • Feb 26SVOA Public Company Limited, Annual General Meeting, Apr 10, 2026SVOA Public Company Limited, Annual General Meeting, Apr 10, 2026, at 14:00 SE Asia Standard Time. Location: no.1023 ms siam tower, 31 floor (asic room), rama 3 road, chong nonsi,yannawa, bangkok 10120 ThailandReported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.064 (vs ฿0.10 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.064 (up from ฿0.10 loss in 3Q 2024). Revenue: ฿2.41b (up 11% from 3Q 2024). Net income: ฿61.0m (up ฿158.6m from 3Q 2024). Profit margin: 2.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 21% per year.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.39, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 54% over the past three years.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.038 (vs ฿0.018 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.038 (up from ฿0.018 in 2Q 2024). Revenue: ฿2.15b (up 15% from 2Q 2024). Net income: ฿36.3m (up 111% from 2Q 2024). Profit margin: 1.7% (up from 0.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.30, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 48% over the past three years.Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.051 (vs ฿0.041 in 1Q 2024)First quarter 2025 results: EPS: ฿0.051 (up from ฿0.041 in 1Q 2024). Revenue: ฿2.11b (up 13% from 1Q 2024). Net income: ฿48.8m (up 26% from 1Q 2024). Profit margin: 2.3% (up from 2.1% 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 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.New Risk • May 09New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 180% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (฿1.25b market cap, or US$37.9m).Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ฿1.46, the stock trades at a trailing P/E ratio of 54.7x. Average trailing P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 49% over the past three years.공시 • Apr 14SVOA Public Company Limited Approves the Dividend Payment for the Year 2024SVOA Public Company Limited at the Annual General Meeting held on 11 April 2025, approved the dividend payment to shareholders at THB 0.0481 per share for the year 2024, on 25 April 2025.Declared Dividend • Feb 27Dividend increased to ฿0.048Dividend of ฿0.048 is 13% higher than last year. Ex-date: 11th March 2025 Payment date: 25th April 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 13% per year over the past 10 years. However, payments have been volatile during that time.Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.027 (vs ฿0.12 in FY 2023)Full year 2024 results: EPS: ฿0.027 (down from ฿0.12 in FY 2023). Revenue: ฿8.47b (down 8.3% from FY 2023). Net income: ฿25.3m (down 77% from FY 2023). Profit margin: 0.3% (down from 1.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.공시 • Feb 26SVOA Public Company Limited Proposes Dividend for Ordinary Shares, Payable on 25 April 2025SVOA Public Company Limited proposed dividend payment to shareholders at THB 0.0481 per share calculating from 60% of net profit of separate financial statements after accumulated loss and legal reserve for Ordinary Shares and Preferred Shares. Determination of Shareholders' names who have the right of attendance to the shareholders' meeting (Record Date) on 12 March 2025 and the date of dividend payment on 25 April 2025 (the right entitlement is uncertain as it has not yet been approved from the shareholders'c meeting). Ex dividend date is March 11, 2025.공시 • Feb 25SVOA Public Company Limited, Annual General Meeting, Apr 11, 2025SVOA Public Company Limited, Annual General Meeting, Apr 11, 2025, at 14:00 SE Asia Standard Time. Location: no. 1023 ms siam tower, 31 floor (asic room), rama 3 road, chong nonsi, yannawa, bangkok 10120. ThailandNew Risk • Nov 20New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 5.3% 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. Market cap is less than US$100m (฿1.25b market cap, or US$36.2m).Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.018 (vs ฿0.038 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.018 (down from ฿0.038 in 2Q 2023). Revenue: ฿1.88b (down 31% from 2Q 2023). Net income: ฿17.2m (down 52% from 2Q 2023). Profit margin: 0.9% (down from 1.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Jun 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 50% 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 (50% net debt to equity). Market cap is less than US$100m (฿1.88b market cap, or US$51.3m).New Risk • Jun 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (฿1.87b market cap, or US$50.6m).Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.041 (vs ฿0.038 in 1Q 2023)First quarter 2024 results: EPS: ฿0.041 (up from ฿0.038 in 1Q 2023). Revenue: ฿1.86b (down 23% from 1Q 2023). Net income: ฿38.8m (up 7.3% from 1Q 2023). Profit margin: 2.1% (up from 1.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 06Upcoming dividend of ฿0.043 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Thai dividend payers (6.3%). In line with average of industry peers (3.7%).New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (฿1.69b market cap, or US$47.0m).공시 • Mar 01+ 1 more updateSVOA Public Company Limited Recommends Dividend for Ordinary Shares, Payable on 25 April 2024SVOA Public Company Limited at the Board Meeting held on 28 February 2024, recommended of the allotment of net profit for the Year 2023 for legal reserve amounting to THB 3,465,338 and dividend payment to shareholders at THB 0.0425 per share for Ordinary Shares and Preferred Shares. Determination of Shareholders' names who have the right of attendance to the shareholders' meeting (Record Date) on 14 March 2024 and the date of dividend payment on 25 April 2024 (the right entitlement is uncertain as it has not yet been approved from the shareholders' meeting).Declared Dividend • Mar 01Dividend of ฿0.043 announcedShareholders will receive a dividend of ฿0.043. Ex-date: 13th March 2024 Payment date: 25th April 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (49% 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 14% 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 decline by 46% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.9% EPS decline seen over the last 5 years.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.027 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.03 (up from ฿0.027 in 3Q 2022). Revenue: ฿1.88b (down 3.6% from 3Q 2022). Net income: ฿28.6m (up 10% from 3Q 2022). Profit margin: 1.5% (up from 1.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ฿0.038 (vs ฿0.032 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.038 (up from ฿0.032 in 2Q 2022). Revenue: ฿2.71b (up 46% from 2Q 2022). Net income: ฿36.0m (up 18% from 2Q 2022). Profit margin: 1.3% (down from 1.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Market cap is less than US$100m (฿2.04b market cap, or US$59.7m).공시 • Jul 18Svoa Public Company Limited Approves Executive ChangesSVOA Public Company Limited approved the appointment of Mr. Chao Intanate to be Director replacing Mr. Pang Thieng Hwi who resigned from Director position and also Approved the appointment of Ms. Vipaphorn Sirichaiya to be Director replacing Ms. Wong Man Li who resigned from Director position. At present, the Board of Directors of the Company consists of:- 1.Mr. Manu Leopairote 2. Ms. Kulapa Intanate 3. Dr. Wilson Teo Yong Peng 4. Mr. Krit Kulrachasapaisarn 5. Mr. Ananpol Nonthaphund 6. Mr. Chao Intanate 7. Ms. Vipaphorn Sirichaiya 8. Mr. Anant Tangtatswas 9. Dr. Prapon Phasukyud 10. Mr. Damnoen Kaewthavee.공시 • Jul 13SVOA Public Company Limited Announces Resignation of DirectorSVOA Public Company Limited inform that Mr. Pang Thieng Hwi and Ms. Wong Man Li have resigned from the positions of the Company's Directors. The resignation will effect from July 12, 2023 onwards. The Nomination and Remuneration Committee will consider the selection of qualified persons and propose to the Board of Directors' meeting to consider the appointment of Directors replacing the resigned Directors. The Company will inform the Stock Exchange of Thailand and investors subsequently.Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.038 (vs ฿0.044 in 1Q 2022)First quarter 2023 results: EPS: ฿0.038 (down from ฿0.044 in 1Q 2022). Revenue: ฿2.40b (up 33% from 1Q 2022). Net income: ฿36.2m (down 14% from 1Q 2022). Profit margin: 1.5% (down from 2.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.071 per share at 2.5% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.2%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Anant Tangtatswas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.032 (vs ฿0.033 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.032 (down from ฿0.033 in 2Q 2021). Revenue: ฿1.86b (down 3.3% from 2Q 2021). Net income: ฿30.6m (down 1.6% from 2Q 2021). Profit margin: 1.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 16First quarter 2022 earnings: Revenues miss analyst expectationsFirst quarter 2022 results: Revenue: ฿1.81b (down 11% from 1Q 2021). Net income: ฿42.0m (up 13% from 1Q 2021). Profit margin: 2.3% (up from 1.8% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 32%.Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿3.34, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 23x in the IT industry in Thailand. Total returns to shareholders of 218% over the past three years.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Anant Tangtatswas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿3.80, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 27x in the IT industry in Thailand. Total returns to shareholders of 252% over the past three years.Upcoming Dividend • Mar 04Upcoming dividend of ฿0.058 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 26 April 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (2.4%).Reported Earnings • Feb 27Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: ฿8.71b (up 12% from FY 2020). Net income: ฿159.9m (up 15% from FY 2020). Profit margin: 1.8% (in line with FY 2020). Revenue missed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improved over the past weekAfter last week's 27% share price gain to ฿2.80, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 22x in the IT industry in Thailand. Total returns to shareholders of 153% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿2.31b (down 1.1% from 3Q 2020). Net income: ฿34.0m (up 73% from 3Q 2020). Profit margin: 1.5% (up from 0.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.033 (vs ฿0.068 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿1.92b (up 2.6% from 2Q 2020). Net income: ฿31.1m (down 51% from 2Q 2020). Profit margin: 1.6% (down from 3.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to ฿1.73, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 42% over the past three years.Reported Earnings • May 14First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿2.03b (up 41% from 1Q 2020). Net income: ฿37.1m (up ฿51.4m from 1Q 2020). Profit margin: 1.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿2.84, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 96% over the past three years.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.14, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 34% over the past three years.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.02, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 16x in the IT industry in Thailand. Total returns to shareholders of 45% over the past three years.Is New 90 Day High Low • Mar 04New 90-day high: ฿1.50The company is up 14% from its price of ฿1.32 on 04 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿1.50, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 14x in the IT industry in Thailand. Total return to shareholders over the past three years is a loss of 9.1%.Reported Earnings • Feb 27Full year 2020 earnings releasedThe company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿7.81b (up 5.8% from FY 2019). Net income: ฿138.9m (up 13% from FY 2019). Profit margin: 1.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Dec 30New 90-day low: ฿1.18The company is down 5.0% from its price of ฿1.24 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 4.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿20.82The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿2.33b (up 18% from 3Q 2019). Net income: ฿19.7m (down 39% from 3Q 2019). Profit margin: 0.8% (down from 1.6% in 3Q 2019). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 05New 90-day high: ฿1.45The company is up 32% from its price of ฿1.10 on 07 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period.매출 및 비용 세부 내역SVOA가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:SVOA 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 2610,186257758031 Dec 258,858218750030 Sep 259,225213841030 Jun 258,98954843031 Mar 258,71635839031 Dec 248,47225840030 Sep 248,166-33811030 Jun 247,86893802031 Mar 248,700112796031 Dec 239,240109787030 Sep 238,562139789030 Jun 238,632136773031 Mar 237,781131770031 Dec 227,188136769030 Sep 228,060156773030 Jun 228,424164769031 Mar 228,488165765031 Dec 218,711160780030 Sep 218,413172787030 Jun 218,435157797031 Mar 218,387190784031 Dec 207,789139738030 Sep 207,01791728030 Jun 206,679104735031 Mar 206,72173764031 Dec 197,369123788030 Sep 197,507100790030 Jun 197,404112776031 Mar 197,753117768031 Dec 187,773113762030 Sep 188,240178791030 Jun 188,624180806031 Mar 188,535190801031 Dec 178,666189858030 Sep 178,217128845030 Jun 177,841109838031 Mar 177,25582838031 Dec 166,56473808030 Sep 166,67883768030 Jun 166,82992779031 Mar 166,814122793031 Dec 156,686125797030 Sep 156,468140815030 Jun 156,0081178310양질의 수익: SVOA의 비현금 수익 수준이 높습니다.이익 마진 증가: SVOA의 현재 순 이익률 (2.5%)은 지난해 (0.4%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: SVOA의 수익은 지난 5년 동안 연평균 6.2% 감소했습니다.성장 가속화: 지난 1년간 SVOA 의 수익 증가율(629.7%)은 연간 평균(-6.2%)을 초과합니다.수익 대 산업: SVOA의 지난 1년 수익 증가율(629.7%)은 IT 업계의 -5.4%를 상회했습니다.자기자본이익률높은 ROE: SVOA의 자본 수익률(9.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 16:02종가2026/05/26 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 소스SVOA Public Company Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Chatchai JindaratMaybank Research Pte. Ltd.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.064 (vs ฿0.10 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.064 (up from ฿0.10 loss in 3Q 2024). Revenue: ฿2.41b (up 11% from 3Q 2024). Net income: ฿61.0m (up ฿158.6m from 3Q 2024). Profit margin: 2.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 21% per year.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.038 (vs ฿0.018 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.038 (up from ฿0.018 in 2Q 2024). Revenue: ฿2.15b (up 15% from 2Q 2024). Net income: ฿36.3m (up 111% from 2Q 2024). Profit margin: 1.7% (up from 0.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.051 (vs ฿0.041 in 1Q 2024)First quarter 2025 results: EPS: ฿0.051 (up from ฿0.041 in 1Q 2024). Revenue: ฿2.11b (up 13% from 1Q 2024). Net income: ฿48.8m (up 26% from 1Q 2024). Profit margin: 2.3% (up from 2.1% 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 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.027 (vs ฿0.12 in FY 2023)Full year 2024 results: EPS: ฿0.027 (down from ฿0.12 in FY 2023). Revenue: ฿8.47b (down 8.3% from FY 2023). Net income: ฿25.3m (down 77% from FY 2023). Profit margin: 0.3% (down from 1.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.018 (vs ฿0.038 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.018 (down from ฿0.038 in 2Q 2023). Revenue: ฿1.88b (down 31% from 2Q 2023). Net income: ฿17.2m (down 52% from 2Q 2023). Profit margin: 0.9% (down from 1.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.041 (vs ฿0.038 in 1Q 2023)First quarter 2024 results: EPS: ฿0.041 (up from ฿0.038 in 1Q 2023). Revenue: ฿1.86b (down 23% from 1Q 2023). Net income: ฿38.8m (up 7.3% from 1Q 2023). Profit margin: 2.1% (up from 1.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
New Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿1.63b market cap, or US$49.9m).
New Risk • May 11New 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿1.63b market cap, or US$50.2m).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿1.75, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 8.7% over the past three years.
Declared Dividend • Mar 02Dividend increased to ฿0.08Dividend of ฿0.08 is 66% higher than last year. Ex-date: 12th March 2026 Payment date: 27th April 2026 Dividend yield will be 4.6%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (21% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Feb 28SVOA Public Company Limited Proposes Special Dividend for the Period from January 1, 2025 to December 31, 2025, Payable on April 27, 2026SVOA Public Company Limited proposed special dividend of THB 0.0800 per share payable on April 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026. Paid from Operating period from January 1, 2025 to December 31, 2025. Shareholder's meeting date: April 10, 2026.
공시 • Feb 27SVOA Public Company Limited announces Annual dividend, payable on April 27, 2026SVOA Public Company Limited announced Annual dividend of THB 0.0800 per share payable on April 27, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿1.73, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 19% over the past three years.
공시 • Feb 26SVOA Public Company Limited, Annual General Meeting, Apr 10, 2026SVOA Public Company Limited, Annual General Meeting, Apr 10, 2026, at 14:00 SE Asia Standard Time. Location: no.1023 ms siam tower, 31 floor (asic room), rama 3 road, chong nonsi,yannawa, bangkok 10120 Thailand
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.064 (vs ฿0.10 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.064 (up from ฿0.10 loss in 3Q 2024). Revenue: ฿2.41b (up 11% from 3Q 2024). Net income: ฿61.0m (up ฿158.6m from 3Q 2024). Profit margin: 2.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 21% per year.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.39, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 54% over the past three years.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.038 (vs ฿0.018 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.038 (up from ฿0.018 in 2Q 2024). Revenue: ฿2.15b (up 15% from 2Q 2024). Net income: ฿36.3m (up 111% from 2Q 2024). Profit margin: 1.7% (up from 0.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿1.30, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 48% over the past three years.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: ฿0.051 (vs ฿0.041 in 1Q 2024)First quarter 2025 results: EPS: ฿0.051 (up from ฿0.041 in 1Q 2024). Revenue: ฿2.11b (up 13% from 1Q 2024). Net income: ฿48.8m (up 26% from 1Q 2024). Profit margin: 2.3% (up from 2.1% 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 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
New Risk • May 09New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 180% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (฿1.25b market cap, or US$37.9m).
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ฿1.46, the stock trades at a trailing P/E ratio of 54.7x. Average trailing P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 49% over the past three years.
공시 • Apr 14SVOA Public Company Limited Approves the Dividend Payment for the Year 2024SVOA Public Company Limited at the Annual General Meeting held on 11 April 2025, approved the dividend payment to shareholders at THB 0.0481 per share for the year 2024, on 25 April 2025.
Declared Dividend • Feb 27Dividend increased to ฿0.048Dividend of ฿0.048 is 13% higher than last year. Ex-date: 11th March 2025 Payment date: 25th April 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 13% per year over the past 10 years. However, payments have been volatile during that time.
Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.027 (vs ฿0.12 in FY 2023)Full year 2024 results: EPS: ฿0.027 (down from ฿0.12 in FY 2023). Revenue: ฿8.47b (down 8.3% from FY 2023). Net income: ฿25.3m (down 77% from FY 2023). Profit margin: 0.3% (down from 1.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
공시 • Feb 26SVOA Public Company Limited Proposes Dividend for Ordinary Shares, Payable on 25 April 2025SVOA Public Company Limited proposed dividend payment to shareholders at THB 0.0481 per share calculating from 60% of net profit of separate financial statements after accumulated loss and legal reserve for Ordinary Shares and Preferred Shares. Determination of Shareholders' names who have the right of attendance to the shareholders' meeting (Record Date) on 12 March 2025 and the date of dividend payment on 25 April 2025 (the right entitlement is uncertain as it has not yet been approved from the shareholders'c meeting). Ex dividend date is March 11, 2025.
공시 • Feb 25SVOA Public Company Limited, Annual General Meeting, Apr 11, 2025SVOA Public Company Limited, Annual General Meeting, Apr 11, 2025, at 14:00 SE Asia Standard Time. Location: no. 1023 ms siam tower, 31 floor (asic room), rama 3 road, chong nonsi, yannawa, bangkok 10120. Thailand
New Risk • Nov 20New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 5.3% 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. Market cap is less than US$100m (฿1.25b market cap, or US$36.2m).
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.018 (vs ฿0.038 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.018 (down from ฿0.038 in 2Q 2023). Revenue: ฿1.88b (down 31% from 2Q 2023). Net income: ฿17.2m (down 52% from 2Q 2023). Profit margin: 0.9% (down from 1.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Jun 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 50% 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 (50% net debt to equity). Market cap is less than US$100m (฿1.88b market cap, or US$51.3m).
New Risk • Jun 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (฿1.87b market cap, or US$50.6m).
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.041 (vs ฿0.038 in 1Q 2023)First quarter 2024 results: EPS: ฿0.041 (up from ฿0.038 in 1Q 2023). Revenue: ฿1.86b (down 23% from 1Q 2023). Net income: ฿38.8m (up 7.3% from 1Q 2023). Profit margin: 2.1% (up from 1.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 06Upcoming dividend of ฿0.043 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Thai dividend payers (6.3%). In line with average of industry peers (3.7%).
New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (฿1.69b market cap, or US$47.0m).
공시 • Mar 01+ 1 more updateSVOA Public Company Limited Recommends Dividend for Ordinary Shares, Payable on 25 April 2024SVOA Public Company Limited at the Board Meeting held on 28 February 2024, recommended of the allotment of net profit for the Year 2023 for legal reserve amounting to THB 3,465,338 and dividend payment to shareholders at THB 0.0425 per share for Ordinary Shares and Preferred Shares. Determination of Shareholders' names who have the right of attendance to the shareholders' meeting (Record Date) on 14 March 2024 and the date of dividend payment on 25 April 2024 (the right entitlement is uncertain as it has not yet been approved from the shareholders' meeting).
Declared Dividend • Mar 01Dividend of ฿0.043 announcedShareholders will receive a dividend of ฿0.043. Ex-date: 13th March 2024 Payment date: 25th April 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (49% 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 14% 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 decline by 46% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.9% EPS decline seen over the last 5 years.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.027 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.03 (up from ฿0.027 in 3Q 2022). Revenue: ฿1.88b (down 3.6% from 3Q 2022). Net income: ฿28.6m (up 10% from 3Q 2022). Profit margin: 1.5% (up from 1.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ฿0.038 (vs ฿0.032 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.038 (up from ฿0.032 in 2Q 2022). Revenue: ฿2.71b (up 46% from 2Q 2022). Net income: ฿36.0m (up 18% from 2Q 2022). Profit margin: 1.3% (down from 1.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Market cap is less than US$100m (฿2.04b market cap, or US$59.7m).
공시 • Jul 18Svoa Public Company Limited Approves Executive ChangesSVOA Public Company Limited approved the appointment of Mr. Chao Intanate to be Director replacing Mr. Pang Thieng Hwi who resigned from Director position and also Approved the appointment of Ms. Vipaphorn Sirichaiya to be Director replacing Ms. Wong Man Li who resigned from Director position. At present, the Board of Directors of the Company consists of:- 1.Mr. Manu Leopairote 2. Ms. Kulapa Intanate 3. Dr. Wilson Teo Yong Peng 4. Mr. Krit Kulrachasapaisarn 5. Mr. Ananpol Nonthaphund 6. Mr. Chao Intanate 7. Ms. Vipaphorn Sirichaiya 8. Mr. Anant Tangtatswas 9. Dr. Prapon Phasukyud 10. Mr. Damnoen Kaewthavee.
공시 • Jul 13SVOA Public Company Limited Announces Resignation of DirectorSVOA Public Company Limited inform that Mr. Pang Thieng Hwi and Ms. Wong Man Li have resigned from the positions of the Company's Directors. The resignation will effect from July 12, 2023 onwards. The Nomination and Remuneration Committee will consider the selection of qualified persons and propose to the Board of Directors' meeting to consider the appointment of Directors replacing the resigned Directors. The Company will inform the Stock Exchange of Thailand and investors subsequently.
Reported Earnings • May 17First quarter 2023 earnings released: EPS: ฿0.038 (vs ฿0.044 in 1Q 2022)First quarter 2023 results: EPS: ฿0.038 (down from ฿0.044 in 1Q 2022). Revenue: ฿2.40b (up 33% from 1Q 2022). Net income: ฿36.2m (down 14% from 1Q 2022). Profit margin: 1.5% (down from 2.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.071 per share at 2.5% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.2%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Anant Tangtatswas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.032 (vs ฿0.033 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.032 (down from ฿0.033 in 2Q 2021). Revenue: ฿1.86b (down 3.3% from 2Q 2021). Net income: ฿30.6m (down 1.6% from 2Q 2021). Profit margin: 1.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 16First quarter 2022 earnings: Revenues miss analyst expectationsFirst quarter 2022 results: Revenue: ฿1.81b (down 11% from 1Q 2021). Net income: ฿42.0m (up 13% from 1Q 2021). Profit margin: 2.3% (up from 1.8% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 32%.
Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿3.34, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 23x in the IT industry in Thailand. Total returns to shareholders of 218% over the past three years.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Anant Tangtatswas was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿3.80, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 27x in the IT industry in Thailand. Total returns to shareholders of 252% over the past three years.
Upcoming Dividend • Mar 04Upcoming dividend of ฿0.058 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 26 April 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (2.4%).
Reported Earnings • Feb 27Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: ฿8.71b (up 12% from FY 2020). Net income: ฿159.9m (up 15% from FY 2020). Profit margin: 1.8% (in line with FY 2020). Revenue missed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improved over the past weekAfter last week's 27% share price gain to ฿2.80, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 22x in the IT industry in Thailand. Total returns to shareholders of 153% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿2.31b (down 1.1% from 3Q 2020). Net income: ฿34.0m (up 73% from 3Q 2020). Profit margin: 1.5% (up from 0.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.033 (vs ฿0.068 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿1.92b (up 2.6% from 2Q 2020). Net income: ฿31.1m (down 51% from 2Q 2020). Profit margin: 1.6% (down from 3.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to ฿1.73, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 42% over the past three years.
Reported Earnings • May 14First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿2.03b (up 41% from 1Q 2020). Net income: ฿37.1m (up ฿51.4m from 1Q 2020). Profit margin: 1.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿2.84, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 96% over the past three years.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.14, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 34% over the past three years.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿2.02, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 16x in the IT industry in Thailand. Total returns to shareholders of 45% over the past three years.
Is New 90 Day High Low • Mar 04New 90-day high: ฿1.50The company is up 14% from its price of ฿1.32 on 04 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿1.50, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 14x in the IT industry in Thailand. Total return to shareholders over the past three years is a loss of 9.1%.
Reported Earnings • Feb 27Full year 2020 earnings releasedThe company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿7.81b (up 5.8% from FY 2019). Net income: ฿138.9m (up 13% from FY 2019). Profit margin: 1.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Dec 30New 90-day low: ฿1.18The company is down 5.0% from its price of ฿1.24 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 4.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿20.82The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿2.33b (up 18% from 3Q 2019). Net income: ฿19.7m (down 39% from 3Q 2019). Profit margin: 0.8% (down from 1.6% in 3Q 2019). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 05New 90-day high: ฿1.45The company is up 32% from its price of ฿1.10 on 07 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period.