View Financial HealthTBN Corporation 배당 및 자사주 매입배당 기준 점검 2/6TBN 은(는) 현재 수익률이 5.14% 인 배당금 지급 회사입니다. 다음 지급일은 27th May, 2026 이며 배당락일은 다음과 같습니다. 7th May, 2026.핵심 정보5.1%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률5.1%배당 성장률-61.0%다음 배당 지급일27 May 26배당락일07 May 26주당 배당금n/a배당 성향1,216%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Apr 30Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 27 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (1.0%).Declared Dividend • Mar 01Dividend increased to ฿0.21Dividend of ฿0.21 is 11% higher than last year. Ex-date: 7th May 2026 Payment date: 27th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 12x earnings). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,251% to bring the payout ratio under control. However, EPS has declined by 51% over the last 5 years so the company would need to reverse this trend.공지 • Feb 28TBN Corporation Public Company Limited announces Annual dividend, payable on May 27, 2026TBN Corporation Public Company Limited announced Annual dividend of THB 0.1800 per share payable on May 27, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 17% and the cash payout ratio is 84%. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (1.0%).공지 • Apr 29Tbn Corporation Public Company Limited Approves Dividend for the Year 2024, Payable on May 23, 2025TBN Corporation Public Company Limited in its Annual General Meeting of Shareholders held on April 28, 2025 approved the non-allocation of profits for legal reserve and the payment of a final dividend for the year 2024 from the Company's net profit according to the financial statements for the period January 1, 2024 to December 31, 2024, at a rate of THB 0.19 per share, amounting to THB 19.00 million, or 96.76% of the net profit of THB 19.64 million according to the Company's financial statements for the period January 1, 2024 to December 31, 2024. The total dividend will be subject to withholding tax at the rate prescribed by law. The proposed dividend payment is in line with the Company's dividend policy. The details of the proposed dividend payment are as follows: Dividend from BOI Promoted Profit: At a rate of THB 0.14 per share, amounting to THB 14.00 million. Dividend from Non-BOI Promoted Profit: At a rate of THB 0.05 per share, amounting to THB 5.00 million. The Company has scheduled the Record Date on May 7, 2025, and the actual dividend payment for the operating results of the fiscal year 2024 on May 23, 2025.공지 • Feb 27+ 1 more updateTBN Corporation Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 23 May 2025TBN Corporation Public Company Limited announced that at its AGM to be held on 28 April 2025, to propose cash dividend of THB 0.19 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 7 May 2025. Ex-dividend date is 6 May 2025. Payment date is 23 May 2025.모든 업데이트 보기Recent updatesUpcoming Dividend • Apr 30Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 27 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (1.0%).Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ฿0.20 (vs ฿0.22 in FY 2024)Full year 2025 results: EPS: ฿0.20 (down from ฿0.22 in FY 2024). Revenue: ฿375.9m (up 11% from FY 2024). Net income: ฿19.8m (down 10% from FY 2024). Profit margin: 5.3% (down from 6.5% in FY 2024). The decrease in margin was driven by higher expenses.Declared Dividend • Mar 01Dividend increased to ฿0.21Dividend of ฿0.21 is 11% higher than last year. Ex-date: 7th May 2026 Payment date: 27th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 12x earnings). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,251% to bring the payout ratio under control. However, EPS has declined by 51% over the last 5 years so the company would need to reverse this trend.공지 • Feb 28TBN Corporation Public Company Limited announces Annual dividend, payable on May 27, 2026TBN Corporation Public Company Limited announced Annual dividend of THB 0.1800 per share payable on May 27, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.공지 • Feb 27TBN Corporation Public Company Limited, Annual General Meeting, Apr 27, 2026TBN Corporation Public Company Limited, Annual General Meeting, Apr 27, 2026, at 14:00 SE Asia Standard Time.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.13 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.04 (down from ฿0.13 in 3Q 2024). Revenue: ฿95.6m (up 4.8% from 3Q 2024). Net income: ฿4.17m (down 68% from 3Q 2024). Profit margin: 4.4% (down from 14% in 3Q 2024).Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.14 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.14 in 2Q 2024). Revenue: ฿93.3m (up 4.2% from 2Q 2024). Net income: ฿1.07m (down 92% from 2Q 2024). Profit margin: 1.1% (down from 15% in 2Q 2024).New Risk • May 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 90% Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 19% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (฿595.0m market cap, or US$18.2m).Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.079 in 1Q 2024)First quarter 2025 results: EPS: ฿0.09 (up from ฿0.079 in 1Q 2024). Revenue: ฿97.6m (up 5.3% from 1Q 2024). Net income: ฿8.85m (up 12% from 1Q 2024). Profit margin: 9.1% (up from 8.5% in 1Q 2024). The increase in margin was driven by higher revenue.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 17% and the cash payout ratio is 84%. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (1.0%).공지 • Apr 29Tbn Corporation Public Company Limited Approves Dividend for the Year 2024, Payable on May 23, 2025TBN Corporation Public Company Limited in its Annual General Meeting of Shareholders held on April 28, 2025 approved the non-allocation of profits for legal reserve and the payment of a final dividend for the year 2024 from the Company's net profit according to the financial statements for the period January 1, 2024 to December 31, 2024, at a rate of THB 0.19 per share, amounting to THB 19.00 million, or 96.76% of the net profit of THB 19.64 million according to the Company's financial statements for the period January 1, 2024 to December 31, 2024. The total dividend will be subject to withholding tax at the rate prescribed by law. The proposed dividend payment is in line with the Company's dividend policy. The details of the proposed dividend payment are as follows: Dividend from BOI Promoted Profit: At a rate of THB 0.14 per share, amounting to THB 14.00 million. Dividend from Non-BOI Promoted Profit: At a rate of THB 0.05 per share, amounting to THB 5.00 million. The Company has scheduled the Record Date on May 7, 2025, and the actual dividend payment for the operating results of the fiscal year 2024 on May 23, 2025.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.22 (vs ฿0.84 in FY 2023)Full year 2024 results: EPS: ฿0.22 (down from ฿0.84 in FY 2023). Revenue: ฿339.5m (down 23% from FY 2023). Net income: ฿22.0m (down 70% from FY 2023). Profit margin: 6.5% (down from 17% in FY 2023). The decrease in margin was driven by lower revenue.공지 • Feb 27+ 1 more updateTBN Corporation Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 23 May 2025TBN Corporation Public Company Limited announced that at its AGM to be held on 28 April 2025, to propose cash dividend of THB 0.19 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 7 May 2025. Ex-dividend date is 6 May 2025. Payment date is 23 May 2025.Buy Or Sell Opportunity • Feb 24Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.9% to ฿6.15. The fair value is estimated to be ฿7.90, 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 31%.Buy Or Sell Opportunity • Feb 07Now 20% undervaluedOver the last 90 days, the stock has risen 3.9% to ฿6.70. The fair value is estimated to be ฿8.40, 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 31%.New Risk • Jan 28New 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 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿775.0m market cap, or US$22.9m).Buy Or Sell Opportunity • Jan 16Now 20% undervaluedOver the last 90 days, the stock has risen 7.0% to ฿6.85. The fair value is estimated to be ฿8.58, 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 31%.Buy Or Sell Opportunity • Dec 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to ฿6.80. The fair value is estimated to be ฿8.56, 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 31%.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿6.75, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 22x in the Software industry in Asia. Total loss to shareholders of 66% over the past year.공지 • Aug 17TBN Corporation Public Company Limited Announces Director and Committee ChangesTBN Corporation Public Company Limited announced that the Board of Directors' Meeting No. 3/2024 held on August 14, 2024, has resolved to approve the appointment of directors to replace Mr. Sam Tanskul, who resigned from all positions as a director of the Company on May 20, 2024, as follows: Appointment of Mr. Wirawat Panthawangkun, currently serving as Director, Independent Director, Chairman of the Audit Committee, and Member of the Nomination and Remuneration Committee, as Vice Chairman of the Board and Chairman of the Risk Management Committee in addition to his current positions, to replace the resigned director, effective from August 14, 2024 onwards. Appointment of Mr. Pradit Mahasaksiri, to be a director of the Company, Independent Director, and Audit Committee Member, and Chairman of the Nomination and Remuneration Committee of the Company, replacing the resigned director, by serving out the remaining term of the resigned director, effective from August 14, 2024 onwards.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.16 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.14. Revenue: ฿89.6m (down 13% from 2Q 2023). Net income: ฿13.6m (up 7.3% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses.New Risk • Jul 23New 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 9.0% 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: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risks Dividend is not well covered by cash flows (372% cash payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (฿530.0m market cap, or US$14.6m).Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿7.00, the stock trades at a trailing P/E ratio of 12.2x. Average forward P/E is 24x in the Software industry in Asia. Total loss to shareholders of 65% over the past year.Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.08 (down from ฿0.33 in 1Q 2023). Revenue: ฿92.6m (down 21% from 1Q 2023). Net income: ฿7.91m (down 68% from 1Q 2023). Profit margin: 8.5% (down from 21% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Asia.공지 • Mar 01TBN Corporation Public Company Limited, Annual General Meeting, Apr 29, 2024TBN Corporation Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:00 SE Asia Standard Time. Agenda: To Acknowledge the company's operating result and the Annual Report for the year 2023; to consider and approve the Financial Statements of the company for the fiscal year 2023, ending on December 31, 2023; to consider and approve the non-allocation of profits for legal reserve and the dividend payment from the company's operating result for the fiscal year ending on December 31, 2023; to consider and approve the election of directors to replace those who are due to retire by rotation; to consider and approve the appointment of auditors and fix the Annual Fee for the year 2024; and to consider other matters.공지 • Feb 29TBN Corporation Public Company Limited Proposes Cash Dividend for the Operating Period from July 1, 2023 to December 31, 2023, Payable on May 20, 2024TBN Corporation Public Company Limited proposed cash dividend of THB 0.14 per share for the operating period from July 1, 2023 to December 31, 2023. Dividend payable on May 20, 2024, record date of May 10, 2024 and ex-dividend date of May 9, 2024.Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 29%After last week's 29% share price gain to ฿16.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 28x in the Software industry in Asia.Valuation Update With 7 Day Price Move • Oct 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿16.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Software industry in Asia.Buying Opportunity • Sep 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be ฿22.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last year. Earnings per share has declined by 69%. Revenue is forecast to grow by 43% in 2 years. Earnings is forecast to grow by 130% in the next 2 years.Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.15 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.16 (up from ฿0.15 in 2Q 2022). Revenue: ฿102.5m (up 19% from 2Q 2022). Net income: ฿12.7m (up 68% from 2Q 2022). Profit margin: 12% (up from 8.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Asia.공지 • Jun 22TBN Corporation Public Company Limited Announces Resignation of Mr. Sayam Siwarapornskul and Mr. Visuth Udompitisub as Director of the Company and Authorized Director, Effective from June 19, 2023 OnwardsTBN Corporation Public Company Limited announced that Mr. Sayam Siwarapornskul and Mr. Visuth Udompitisub have resigned from the position of Director of the Company and Authorized Director, effective from June 19, 2023 onwards.New Risk • Jun 21New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Dividend per share is over 17x earnings per share. Dividend per share is over 24x cash flows per share. High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (฿2.08b market cap, or US$59.7m).Reported Earnings • Jun 21First quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.15 in 1Q 2022)First quarter 2023 results: EPS: ฿0.33 (up from ฿0.15 in 1Q 2022). Revenue: ฿116.8m (up 26% from 1Q 2022). Net income: ฿24.9m (up 7.0% from 1Q 2022). Profit margin: 21% (down from 25% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Asia.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 배당금 지급이 안정적인 반면, TBN 은(는) 배당금을 지급한 지 10년도 채 되지 않았습니다.배당금 증가: TBN 의 배당금 지급이 증가했지만 회사는 2 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장TBN Corporation 배당 수익률 vs 시장TBN의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (TBN)5.1%시장 하위 25% (TH)3.4%시장 상위 25% (TH)7.5%업계 평균 (Software)1.0%분석가 예측 (TBN) (최대 3년)5.1%주목할만한 배당금: TBN 의 배당금( 5.14% )은 TH 시장에서 배당금 지급자의 하위 25%( 3.45% )보다 높습니다.고배당: TBN 의 배당금( 5.14% )은 TH 시장에서 배당금 지급자의 상위 25%( 7.45% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 1216.3% )이 높기 때문에 TBN 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 23.3% )이 낮기 때문에 TBN 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 19:07종가2026/05/07 00:00수익2025/12/31연간 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 소스TBN Corporation 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.분석가기관Wikij TirawannaratBualuang Securities PCLPoramet TongbuaBualuang Securities PCL
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 27 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (1.0%).
Declared Dividend • Mar 01Dividend increased to ฿0.21Dividend of ฿0.21 is 11% higher than last year. Ex-date: 7th May 2026 Payment date: 27th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 12x earnings). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,251% to bring the payout ratio under control. However, EPS has declined by 51% over the last 5 years so the company would need to reverse this trend.
공지 • Feb 28TBN Corporation Public Company Limited announces Annual dividend, payable on May 27, 2026TBN Corporation Public Company Limited announced Annual dividend of THB 0.1800 per share payable on May 27, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 17% and the cash payout ratio is 84%. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (1.0%).
공지 • Apr 29Tbn Corporation Public Company Limited Approves Dividend for the Year 2024, Payable on May 23, 2025TBN Corporation Public Company Limited in its Annual General Meeting of Shareholders held on April 28, 2025 approved the non-allocation of profits for legal reserve and the payment of a final dividend for the year 2024 from the Company's net profit according to the financial statements for the period January 1, 2024 to December 31, 2024, at a rate of THB 0.19 per share, amounting to THB 19.00 million, or 96.76% of the net profit of THB 19.64 million according to the Company's financial statements for the period January 1, 2024 to December 31, 2024. The total dividend will be subject to withholding tax at the rate prescribed by law. The proposed dividend payment is in line with the Company's dividend policy. The details of the proposed dividend payment are as follows: Dividend from BOI Promoted Profit: At a rate of THB 0.14 per share, amounting to THB 14.00 million. Dividend from Non-BOI Promoted Profit: At a rate of THB 0.05 per share, amounting to THB 5.00 million. The Company has scheduled the Record Date on May 7, 2025, and the actual dividend payment for the operating results of the fiscal year 2024 on May 23, 2025.
공지 • Feb 27+ 1 more updateTBN Corporation Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 23 May 2025TBN Corporation Public Company Limited announced that at its AGM to be held on 28 April 2025, to propose cash dividend of THB 0.19 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 7 May 2025. Ex-dividend date is 6 May 2025. Payment date is 23 May 2025.
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 27 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (1.0%).
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ฿0.20 (vs ฿0.22 in FY 2024)Full year 2025 results: EPS: ฿0.20 (down from ฿0.22 in FY 2024). Revenue: ฿375.9m (up 11% from FY 2024). Net income: ฿19.8m (down 10% from FY 2024). Profit margin: 5.3% (down from 6.5% in FY 2024). The decrease in margin was driven by higher expenses.
Declared Dividend • Mar 01Dividend increased to ฿0.21Dividend of ฿0.21 is 11% higher than last year. Ex-date: 7th May 2026 Payment date: 27th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 12x earnings). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,251% to bring the payout ratio under control. However, EPS has declined by 51% over the last 5 years so the company would need to reverse this trend.
공지 • Feb 28TBN Corporation Public Company Limited announces Annual dividend, payable on May 27, 2026TBN Corporation Public Company Limited announced Annual dividend of THB 0.1800 per share payable on May 27, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.
공지 • Feb 27TBN Corporation Public Company Limited, Annual General Meeting, Apr 27, 2026TBN Corporation Public Company Limited, Annual General Meeting, Apr 27, 2026, at 14:00 SE Asia Standard Time.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.13 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.04 (down from ฿0.13 in 3Q 2024). Revenue: ฿95.6m (up 4.8% from 3Q 2024). Net income: ฿4.17m (down 68% from 3Q 2024). Profit margin: 4.4% (down from 14% in 3Q 2024).
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.14 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.14 in 2Q 2024). Revenue: ฿93.3m (up 4.2% from 2Q 2024). Net income: ฿1.07m (down 92% from 2Q 2024). Profit margin: 1.1% (down from 15% in 2Q 2024).
New Risk • May 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 90% Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 19% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (฿595.0m market cap, or US$18.2m).
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.079 in 1Q 2024)First quarter 2025 results: EPS: ฿0.09 (up from ฿0.079 in 1Q 2024). Revenue: ฿97.6m (up 5.3% from 1Q 2024). Net income: ฿8.85m (up 12% from 1Q 2024). Profit margin: 9.1% (up from 8.5% in 1Q 2024). The increase in margin was driven by higher revenue.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 17% and the cash payout ratio is 84%. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (1.0%).
공지 • Apr 29Tbn Corporation Public Company Limited Approves Dividend for the Year 2024, Payable on May 23, 2025TBN Corporation Public Company Limited in its Annual General Meeting of Shareholders held on April 28, 2025 approved the non-allocation of profits for legal reserve and the payment of a final dividend for the year 2024 from the Company's net profit according to the financial statements for the period January 1, 2024 to December 31, 2024, at a rate of THB 0.19 per share, amounting to THB 19.00 million, or 96.76% of the net profit of THB 19.64 million according to the Company's financial statements for the period January 1, 2024 to December 31, 2024. The total dividend will be subject to withholding tax at the rate prescribed by law. The proposed dividend payment is in line with the Company's dividend policy. The details of the proposed dividend payment are as follows: Dividend from BOI Promoted Profit: At a rate of THB 0.14 per share, amounting to THB 14.00 million. Dividend from Non-BOI Promoted Profit: At a rate of THB 0.05 per share, amounting to THB 5.00 million. The Company has scheduled the Record Date on May 7, 2025, and the actual dividend payment for the operating results of the fiscal year 2024 on May 23, 2025.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.22 (vs ฿0.84 in FY 2023)Full year 2024 results: EPS: ฿0.22 (down from ฿0.84 in FY 2023). Revenue: ฿339.5m (down 23% from FY 2023). Net income: ฿22.0m (down 70% from FY 2023). Profit margin: 6.5% (down from 17% in FY 2023). The decrease in margin was driven by lower revenue.
공지 • Feb 27+ 1 more updateTBN Corporation Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 23 May 2025TBN Corporation Public Company Limited announced that at its AGM to be held on 28 April 2025, to propose cash dividend of THB 0.19 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 7 May 2025. Ex-dividend date is 6 May 2025. Payment date is 23 May 2025.
Buy Or Sell Opportunity • Feb 24Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.9% to ฿6.15. The fair value is estimated to be ฿7.90, 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 31%.
Buy Or Sell Opportunity • Feb 07Now 20% undervaluedOver the last 90 days, the stock has risen 3.9% to ฿6.70. The fair value is estimated to be ฿8.40, 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 31%.
New Risk • Jan 28New 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 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿775.0m market cap, or US$22.9m).
Buy Or Sell Opportunity • Jan 16Now 20% undervaluedOver the last 90 days, the stock has risen 7.0% to ฿6.85. The fair value is estimated to be ฿8.58, 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 31%.
Buy Or Sell Opportunity • Dec 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to ฿6.80. The fair value is estimated to be ฿8.56, 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 31%.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿6.75, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 22x in the Software industry in Asia. Total loss to shareholders of 66% over the past year.
공지 • Aug 17TBN Corporation Public Company Limited Announces Director and Committee ChangesTBN Corporation Public Company Limited announced that the Board of Directors' Meeting No. 3/2024 held on August 14, 2024, has resolved to approve the appointment of directors to replace Mr. Sam Tanskul, who resigned from all positions as a director of the Company on May 20, 2024, as follows: Appointment of Mr. Wirawat Panthawangkun, currently serving as Director, Independent Director, Chairman of the Audit Committee, and Member of the Nomination and Remuneration Committee, as Vice Chairman of the Board and Chairman of the Risk Management Committee in addition to his current positions, to replace the resigned director, effective from August 14, 2024 onwards. Appointment of Mr. Pradit Mahasaksiri, to be a director of the Company, Independent Director, and Audit Committee Member, and Chairman of the Nomination and Remuneration Committee of the Company, replacing the resigned director, by serving out the remaining term of the resigned director, effective from August 14, 2024 onwards.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.16 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.14. Revenue: ฿89.6m (down 13% from 2Q 2023). Net income: ฿13.6m (up 7.3% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses.
New Risk • Jul 23New 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 9.0% 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: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risks Dividend is not well covered by cash flows (372% cash payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (฿530.0m market cap, or US$14.6m).
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿7.00, the stock trades at a trailing P/E ratio of 12.2x. Average forward P/E is 24x in the Software industry in Asia. Total loss to shareholders of 65% over the past year.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.08 (down from ฿0.33 in 1Q 2023). Revenue: ฿92.6m (down 21% from 1Q 2023). Net income: ฿7.91m (down 68% from 1Q 2023). Profit margin: 8.5% (down from 21% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Asia.
공지 • Mar 01TBN Corporation Public Company Limited, Annual General Meeting, Apr 29, 2024TBN Corporation Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:00 SE Asia Standard Time. Agenda: To Acknowledge the company's operating result and the Annual Report for the year 2023; to consider and approve the Financial Statements of the company for the fiscal year 2023, ending on December 31, 2023; to consider and approve the non-allocation of profits for legal reserve and the dividend payment from the company's operating result for the fiscal year ending on December 31, 2023; to consider and approve the election of directors to replace those who are due to retire by rotation; to consider and approve the appointment of auditors and fix the Annual Fee for the year 2024; and to consider other matters.
공지 • Feb 29TBN Corporation Public Company Limited Proposes Cash Dividend for the Operating Period from July 1, 2023 to December 31, 2023, Payable on May 20, 2024TBN Corporation Public Company Limited proposed cash dividend of THB 0.14 per share for the operating period from July 1, 2023 to December 31, 2023. Dividend payable on May 20, 2024, record date of May 10, 2024 and ex-dividend date of May 9, 2024.
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 29%After last week's 29% share price gain to ฿16.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 28x in the Software industry in Asia.
Valuation Update With 7 Day Price Move • Oct 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿16.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Software industry in Asia.
Buying Opportunity • Sep 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be ฿22.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last year. Earnings per share has declined by 69%. Revenue is forecast to grow by 43% in 2 years. Earnings is forecast to grow by 130% in the next 2 years.
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.15 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.16 (up from ฿0.15 in 2Q 2022). Revenue: ฿102.5m (up 19% from 2Q 2022). Net income: ฿12.7m (up 68% from 2Q 2022). Profit margin: 12% (up from 8.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Asia.
공지 • Jun 22TBN Corporation Public Company Limited Announces Resignation of Mr. Sayam Siwarapornskul and Mr. Visuth Udompitisub as Director of the Company and Authorized Director, Effective from June 19, 2023 OnwardsTBN Corporation Public Company Limited announced that Mr. Sayam Siwarapornskul and Mr. Visuth Udompitisub have resigned from the position of Director of the Company and Authorized Director, effective from June 19, 2023 onwards.
New Risk • Jun 21New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Dividend per share is over 17x earnings per share. Dividend per share is over 24x cash flows per share. High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (฿2.08b market cap, or US$59.7m).
Reported Earnings • Jun 21First quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.15 in 1Q 2022)First quarter 2023 results: EPS: ฿0.33 (up from ฿0.15 in 1Q 2022). Revenue: ฿116.8m (up 26% from 1Q 2022). Net income: ฿24.9m (up 7.0% from 1Q 2022). Profit margin: 21% (down from 25% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Asia.