View Future GrowthVintcom Technology 과거 순이익 실적과거 기준 점검 6/6Vintcom Technology은 연평균 1.4%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 0.3% 감소했습니다. 매출은 연평균 0.2%의 비율로 감소했습니다. Vintcom Technology의 자기자본이익률은 23.3%이고 순이익률은 6.8%입니다.핵심 정보1.39%순이익 성장률1.10%주당순이익(EPS) 성장률IT 산업 성장률12.71%매출 성장률-0.20%자기자본이익률23.33%순이익률6.76%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.42 (vs ฿0.29 in FY 2024)Full year 2025 results: EPS: ฿0.42 (up from ฿0.29 in FY 2024). Revenue: ฿2.06b (up 25% from FY 2024). Net income: ฿130.0m (up 48% from FY 2024). Profit margin: 6.3% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.05 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (up from ฿0.05 in 3Q 2024). Revenue: ฿389.2m (up 30% from 3Q 2024). Net income: ฿22.3m (up 41% from 3Q 2024). Profit margin: 5.7% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.09 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2024). Revenue: ฿449.3m (down 4.5% from 2Q 2024). Net income: ฿32.5m (up 27% from 2Q 2024). Profit margin: 7.2% (up from 5.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.06 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (up from ฿0.06 in 1Q 2024). Revenue: ฿655.3m (up 92% from 1Q 2024). Net income: ฿33.2m (up 74% from 1Q 2024). Profit margin: 5.1% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.29. Revenue: ฿1.65b (down 21% from FY 2023). Net income: ฿87.7m (flat on FY 2023). Profit margin: 5.3% (up from 4.2% in FY 2023). The increase in margin was driven by lower expenses.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.05 (down from ฿0.06 in 3Q 2023). Revenue: ฿300.7m (down 38% from 3Q 2023). Net income: ฿15.8m (down 9.0% from 3Q 2023). Profit margin: 5.3% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.모든 업데이트 보기Recent updatesReported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.42 (vs ฿0.29 in FY 2024)Full year 2025 results: EPS: ฿0.42 (up from ฿0.29 in FY 2024). Revenue: ฿2.06b (up 25% from FY 2024). Net income: ฿130.0m (up 48% from FY 2024). Profit margin: 6.3% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공고 • Mar 03Vintcom Technology Public Company Limited Proposes Cash Dividend for the Period Ended 31 December 2025, Payable on 15 May 2026Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2026, to propose cash dividend of THB 0.23 per share for the operating period from 1 January 2025 to 31 December 2025. Record date for the right to receive dividends is 13 March 2026. Ex-dividend date is 12 March 2026. Payment date is 15 May 2026.Declared Dividend • Mar 01Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 12th March 2026 Payment date: 15th May 2026 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.05 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (up from ฿0.05 in 3Q 2024). Revenue: ฿389.2m (up 30% from 3Q 2024). Net income: ฿22.3m (up 41% from 3Q 2024). Profit margin: 5.7% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.공고 • Oct 15Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million.Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million on October 10, 2025. A cash consideration of THB 45.7 million will be paid by Vintcom Technology Public Company Limited. As part of consideration, THB 45.7 million is paid towards common equity of vServePlus Co., Ltd. Upon completion, Vintcom Technology Public Company Limited will own 100% stake in vServePlus Co., Ltd.Declared Dividend • Aug 10First half dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 24% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.09 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2024). Revenue: ฿449.3m (down 4.5% from 2Q 2024). Net income: ฿32.5m (up 27% from 2Q 2024). Profit margin: 7.2% (up from 5.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jun 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to ฿2.42. The fair value is estimated to be ฿3.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.06 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (up from ฿0.06 in 1Q 2024). Revenue: ฿655.3m (up 92% from 1Q 2024). Net income: ฿33.2m (up 74% from 1Q 2024). Profit margin: 5.1% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.공고 • Apr 25Vintcom Technology Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2024, Payable on May 14, 2025Vintcom Technology Public Company Limited in its annual general meeting held on April 24, 2025 approved the dividend payment from the 2024 net profit and the retained earnings at the rate of THB 0.30 per share for the year ended December 31, 2024, or equivalent to THB 92,101,308. The ratio of dividend per net profit of the separated financial statements shall be equal to 105.06%. The Board of Directors Meeting of the Company approved the interim dividend payment from the operating results for the six-month period ended June 30, 2024 at the rate of THB 0.12 per share on September 6, 2024. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for the rights to receive dividend is March 13, 2025, and the dividend payment date is on May 14, 2025.Buy Or Sell Opportunity • Apr 21Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 9.4% to ฿2.56. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.Buy Or Sell Opportunity • Mar 22Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to ฿2.32. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.29. Revenue: ฿1.65b (down 21% from FY 2023). Net income: ฿87.7m (flat on FY 2023). Profit margin: 5.3% (up from 4.2% in FY 2023). The increase in margin was driven by lower expenses.공고 • Feb 27+ 1 more updateVintcom Technology Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 14 May 2025Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2025, to propose cash dividend of THB 0.18 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 13 March 2025. Ex-dividend date is 12 March 2025. Payment date is 14 May 2025.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.05 (down from ฿0.06 in 3Q 2023). Revenue: ฿300.7m (down 38% from 3Q 2023). Net income: ฿15.8m (down 9.0% from 3Q 2023). Profit margin: 5.3% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Declared Dividend • Aug 15First half dividend of ฿0.12 announcedDividend of ฿0.12 is the same as last year. Ex-date: 26th August 2024 Payment date: 6th September 2024 Dividend yield will be 12%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 29% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.4% EPS growth achieved over the last 5 years.Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.09 (up from ฿0.06 in 2Q 2023). Revenue: ฿470.5m (down 14% from 2Q 2023). Net income: ฿25.6m (up 36% from 2Q 2023). Profit margin: 5.4% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jun 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.8% to ฿2.94. The fair value is estimated to be ฿3.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.5%.Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.08 in 1Q 2023)First quarter 2024 results: EPS: ฿0.06 (down from ฿0.08 in 1Q 2023). Revenue: ฿341.5m (down 29% from 1Q 2023). Net income: ฿19.2m (down 25% from 1Q 2023). Profit margin: 5.6% (up from 5.3% 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 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.공고 • Apr 27Vintcom Technology Public Company Limited Approves Dividend for the Year 2023, Payable on May 13, 2024Vintcom Technology Public Company Limited at its AGM, held on April 25, 2024, approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560. The ratio of dividend per net profit of the separated financial statements shall be equal to 104.24%. The Board of Directors Meeting of the Company No. 3/2023 held on August 10, 2023 approved the interim dividend payment from the operating results for the six-month period ended June 30, 2023 at the rate of THB 0.12 per share on September 7, 2023. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.Upcoming Dividend • Mar 05Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 13 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.7%).공고 • Mar 01Vintcom Technology Public Company Limited Approves Dividend, Payable on May 13, 2024Vintcom Technology Public Company Limited announced that at the board meeting held on February 27, 2024, the company approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560 The dividend payout ratio is 104.24% of net profit per the separated financial statements. As the Company already paid an interim dividend from the operating results for the six-month period ended June 30, 2023, at the rate of THB 0.12 per share on 7 September 2023 amounting to THB 36,840,624, the final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936 The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.29 (vs ฿0.36 in FY 2022)Full year 2023 results: EPS: ฿0.29 (down from ฿0.36 in FY 2022). Revenue: ฿2.09b (up 4.0% from FY 2022). Net income: ฿88.4m (down 21% from FY 2022). Profit margin: 4.2% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.09 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (down from ฿0.09 in 3Q 2022). Revenue: ฿482.4m (down 3.0% from 3Q 2022). Net income: ฿17.4m (down 37% from 3Q 2022). Profit margin: 3.6% (down from 5.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.New Risk • Nov 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 6.3% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (฿1.22b market cap, or US$34.0m).Upcoming Dividend • Aug 17Upcoming dividend of ฿0.12 per share at 7.2% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 07 September 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.8%).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.11 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.11 in 2Q 2022). Revenue: ฿544.8m (down 10% from 2Q 2022). Net income: ฿18.9m (down 46% from 2Q 2022). Profit margin: 3.5% (down from 5.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.공고 • Aug 12Vintcom Technology Public Company Limited Announces Cash Dividend for Period from January 1, 2023 to June 30, 2023, Payable on September 7, 2023Vintcom Technology Public Company Limited announced Cash dividend payment of THB 0.12 per share for the operating period from January 1, 2023 to June 30, 2023 with record date as August 25, 2023, ex-date as August 24, 2023 and payable on September 7, 2023.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.082 in 1Q 2022)First quarter 2023 results: EPS: ฿0.08. Revenue: ฿483.2m (up 31% from 1Q 2022). Net income: ฿25.6m (up 1.8% from 1Q 2022). Profit margin: 5.3% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.18, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 184% over the past three years.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.18 per share at 6.0% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.2%).Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 15Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿607.5m (up 9.1% from 2Q 2021). Net income: ฿34.8m (down 12% from 2Q 2021). Profit margin: 5.7% (down from 7.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 15Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 22 August 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (1.5%).Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.08 (down from ฿0.09 in 1Q 2021). Revenue: ฿369.2m (down 13% from 1Q 2021). Net income: ฿25.1m (down 11% from 1Q 2021). Profit margin: 6.8% (up from 6.7% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.42 (up from ฿0.30 in FY 2020). Revenue: ฿1.86b (down 19% from FY 2020). Net income: ฿126.5m (up 41% from FY 2020). Profit margin: 6.8% (up from 3.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.08 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿526.0m (down 4.3% from 3Q 2020). Net income: ฿31.2m (up 33% from 3Q 2020). Profit margin: 5.9% (up from 4.3% 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 30% per year whereas the company’s share price has increased by 32% per year.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.50, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 24x in the IT industry in Thailand. Total returns to shareholders of 160% over the past three years.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (3.7%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.14 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿556.6m (down 15% from 2Q 2020). Net income: ฿39.6m (down 7.4% from 2Q 2020). Profit margin: 7.1% (up from 6.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿5.70, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 113% over the past three years.Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.09 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿430.9m (down 31% from 1Q 2020). Net income: ฿28.3m (up 6.8% from 1Q 2020). Profit margin: 6.6% (up from 4.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 32% share price gain to ฿7.35, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 162% over the past three years.Reported Earnings • Feb 23Full year 2020 earnings released: EPS ฿0.30 (vs ฿0.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.28b (up 29% from FY 2019). Net income: ฿89.7m (up 34% from FY 2019). Profit margin: 3.9% (up from 3.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 28New 90-day high: ฿5.60The company is up 4.0% from its price of ฿5.40 on 30 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 7.0% over the same period.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿5.50, the stock is trading at a trailing P/E ratio of 17.1x, up from the previous P/E ratio of 14x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 49%.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿5.20, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 13.9x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 32%.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.08The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿549.3m (up 31% from 3Q 2019). Net income: ฿23.5m (up 3.4% from 3Q 2019). Profit margin: 4.3% (down from 5.4% in 3Q 2019). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Nov 16Market pulls back on stock over the past weekAfter last week's 18% share price decline to ฿4.32, the stock is trading at a trailing P/E ratio of 13.4x, down from the previous P/E ratio of 16.4x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 59%.Valuation Update With 7 Day Price Move • Nov 12Market pulls back on stock over the past weekAfter last week's 16% share price decline to ฿4.52, the stock is trading at a trailing P/E ratio of 14x, down from the previous P/E ratio of 16.7x. This compares to an average P/E of 12x in the IT industry in Thailand. Total returns to shareholders over the past year are 71%.Valuation Update With 7 Day Price Move • Nov 10Market pulls back on stock over the past weekAfter last week's 15% share price decline to ฿4.62, the stock is trading at a trailing P/E ratio of 14.3x, down from the previous P/E ratio of 16.9x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 74%.Is New 90 Day High Low • Sep 24New 90-day high: ฿5.85The company is up 78% from its price of ฿3.28 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 13% over the same period.매출 및 비용 세부 내역Vintcom Technology가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:VCOM 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 261,962133268031 Dec 252,056130283030 Sep 252,032115299030 Jun 251,944109298031 Mar 251,965102289031 Dec 241,65188269030 Sep 241,69487277030 Jun 241,87689277031 Mar 241,95082284031 Dec 232,09288285030 Sep 232,04886266030 Jun 232,06396273031 Mar 232,126112265031 Dec 222,012112260030 Sep 221,824115246030 Jun 221,852119248031 Mar 221,802123246031 Dec 211,857127246030 Sep 211,96496282030 Jun 211,98888271031 Mar 212,08592273031 Dec 202,28390284030 Sep 202,27898283030 Jun 202,14997289031 Mar 202,02585298031 Dec 191,77467292030 Sep 192,02293261030 Jun 192,02781243031 Mar 191,90963220031 Dec 181,80158196030 Sep 181,53538183030 Jun 181,52037177031 Mar 181,52447173031 Dec 171,54354171030 Sep 171,45359160031 Mar 171,04144120031 Dec 169374198031 Dec 1582345610양질의 수익: VCOM는 고품질 수익을 보유하고 있습니다.이익 마진 증가: VCOM의 현재 순 이익률 (6.8%)은 지난해 (5.2%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: VCOM의 수익은 지난 5년 동안 연평균 1.4% 증가했습니다.성장 가속화: 지난 1년간 VCOM 의 수익 증가율(30.3%)은 연간 평균(1.4%)을 초과합니다.수익 대 산업: VCOM의 지난 1년 수익 증가율(30.3%)은 IT 업계의 -5.4%를 상회했습니다.자기자본이익률높은 ROE: VCOM의 자본 수익률(23.3%)은 높음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/05 21:03종가2026/08/05 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Vintcom Technology 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.분석가기관Wilasinee BoonmasungsongGloblex Securities Co. Ltd.
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.42 (vs ฿0.29 in FY 2024)Full year 2025 results: EPS: ฿0.42 (up from ฿0.29 in FY 2024). Revenue: ฿2.06b (up 25% from FY 2024). Net income: ฿130.0m (up 48% from FY 2024). Profit margin: 6.3% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.05 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (up from ฿0.05 in 3Q 2024). Revenue: ฿389.2m (up 30% from 3Q 2024). Net income: ฿22.3m (up 41% from 3Q 2024). Profit margin: 5.7% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.09 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2024). Revenue: ฿449.3m (down 4.5% from 2Q 2024). Net income: ฿32.5m (up 27% from 2Q 2024). Profit margin: 7.2% (up from 5.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.06 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (up from ฿0.06 in 1Q 2024). Revenue: ฿655.3m (up 92% from 1Q 2024). Net income: ฿33.2m (up 74% from 1Q 2024). Profit margin: 5.1% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.29. Revenue: ฿1.65b (down 21% from FY 2023). Net income: ฿87.7m (flat on FY 2023). Profit margin: 5.3% (up from 4.2% in FY 2023). The increase in margin was driven by lower expenses.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.05 (down from ฿0.06 in 3Q 2023). Revenue: ฿300.7m (down 38% from 3Q 2023). Net income: ฿15.8m (down 9.0% from 3Q 2023). Profit margin: 5.3% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: ฿0.42 (vs ฿0.29 in FY 2024)Full year 2025 results: EPS: ฿0.42 (up from ฿0.29 in FY 2024). Revenue: ฿2.06b (up 25% from FY 2024). Net income: ฿130.0m (up 48% from FY 2024). Profit margin: 6.3% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공고 • Mar 03Vintcom Technology Public Company Limited Proposes Cash Dividend for the Period Ended 31 December 2025, Payable on 15 May 2026Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2026, to propose cash dividend of THB 0.23 per share for the operating period from 1 January 2025 to 31 December 2025. Record date for the right to receive dividends is 13 March 2026. Ex-dividend date is 12 March 2026. Payment date is 15 May 2026.
Declared Dividend • Mar 01Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 12th March 2026 Payment date: 15th May 2026 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.05 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.07 (up from ฿0.05 in 3Q 2024). Revenue: ฿389.2m (up 30% from 3Q 2024). Net income: ฿22.3m (up 41% from 3Q 2024). Profit margin: 5.7% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
공고 • Oct 15Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million.Vintcom Technology Public Company Limited (SET:VCOM) agreed to acquire remaining 49% stake in vServePlus Co., Ltd. from VST ECS (Thailand) Co., Ltd. for THB 45.7 million on October 10, 2025. A cash consideration of THB 45.7 million will be paid by Vintcom Technology Public Company Limited. As part of consideration, THB 45.7 million is paid towards common equity of vServePlus Co., Ltd. Upon completion, Vintcom Technology Public Company Limited will own 100% stake in vServePlus Co., Ltd.
Declared Dividend • Aug 10First half dividend of ฿0.14 announcedShareholders will receive a dividend of ฿0.14. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 24% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.09 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2024). Revenue: ฿449.3m (down 4.5% from 2Q 2024). Net income: ฿32.5m (up 27% from 2Q 2024). Profit margin: 7.2% (up from 5.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jun 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to ฿2.42. The fair value is estimated to be ฿3.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.06 in 1Q 2024)First quarter 2025 results: EPS: ฿0.11 (up from ฿0.06 in 1Q 2024). Revenue: ฿655.3m (up 92% from 1Q 2024). Net income: ฿33.2m (up 74% from 1Q 2024). Profit margin: 5.1% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
공고 • Apr 25Vintcom Technology Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2024, Payable on May 14, 2025Vintcom Technology Public Company Limited in its annual general meeting held on April 24, 2025 approved the dividend payment from the 2024 net profit and the retained earnings at the rate of THB 0.30 per share for the year ended December 31, 2024, or equivalent to THB 92,101,308. The ratio of dividend per net profit of the separated financial statements shall be equal to 105.06%. The Board of Directors Meeting of the Company approved the interim dividend payment from the operating results for the six-month period ended June 30, 2024 at the rate of THB 0.12 per share on September 6, 2024. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for the rights to receive dividend is March 13, 2025, and the dividend payment date is on May 14, 2025.
Buy Or Sell Opportunity • Apr 21Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 9.4% to ฿2.56. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.
Buy Or Sell Opportunity • Mar 22Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to ฿2.32. The fair value is estimated to be ฿1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.29 in FY 2023)Full year 2024 results: EPS: ฿0.29. Revenue: ฿1.65b (down 21% from FY 2023). Net income: ฿87.7m (flat on FY 2023). Profit margin: 5.3% (up from 4.2% in FY 2023). The increase in margin was driven by lower expenses.
공고 • Feb 27+ 1 more updateVintcom Technology Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 14 May 2025Vintcom Technology Public Company Limited announced that at its AGM to be held on 24 April 2025, to propose cash dividend of THB 0.18 per share for the operating period from 1 January 2024 to 31 December 2024. Record date for the right to receive dividends is 13 March 2025. Ex-dividend date is 12 March 2025. Payment date is 14 May 2025.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.06 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.05 (down from ฿0.06 in 3Q 2023). Revenue: ฿300.7m (down 38% from 3Q 2023). Net income: ฿15.8m (down 9.0% from 3Q 2023). Profit margin: 5.3% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Aug 15First half dividend of ฿0.12 announcedDividend of ฿0.12 is the same as last year. Ex-date: 26th August 2024 Payment date: 6th September 2024 Dividend yield will be 12%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 29% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 1.4% EPS growth achieved over the last 5 years.
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.09 (up from ฿0.06 in 2Q 2023). Revenue: ฿470.5m (down 14% from 2Q 2023). Net income: ฿25.6m (up 36% from 2Q 2023). Profit margin: 5.4% (up from 3.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jun 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.8% to ฿2.94. The fair value is estimated to be ฿3.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.5%.
Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.08 in 1Q 2023)First quarter 2024 results: EPS: ฿0.06 (down from ฿0.08 in 1Q 2023). Revenue: ฿341.5m (down 29% from 1Q 2023). Net income: ฿19.2m (down 25% from 1Q 2023). Profit margin: 5.6% (up from 5.3% 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 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
공고 • Apr 27Vintcom Technology Public Company Limited Approves Dividend for the Year 2023, Payable on May 13, 2024Vintcom Technology Public Company Limited at its AGM, held on April 25, 2024, approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560. The ratio of dividend per net profit of the separated financial statements shall be equal to 104.24%. The Board of Directors Meeting of the Company No. 3/2023 held on August 10, 2023 approved the interim dividend payment from the operating results for the six-month period ended June 30, 2023 at the rate of THB 0.12 per share on September 7, 2023. The final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936. The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 13 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.7%).
공고 • Mar 01Vintcom Technology Public Company Limited Approves Dividend, Payable on May 13, 2024Vintcom Technology Public Company Limited announced that at the board meeting held on February 27, 2024, the company approved the dividend payment from the 2023 net profit and the retained earnings at the rate of THB 0.30 per share, or equivalent to THB 92,101,560 The dividend payout ratio is 104.24% of net profit per the separated financial statements. As the Company already paid an interim dividend from the operating results for the six-month period ended June 30, 2023, at the rate of THB 0.12 per share on 7 September 2023 amounting to THB 36,840,624, the final dividend to be paid is THB 0.18 per share, totaling THB 55,260,936 The record date for the shareholders for rights to receive dividend is March 13, 2024, and the dividend payment date is on May 13, 2024.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.29 (vs ฿0.36 in FY 2022)Full year 2023 results: EPS: ฿0.29 (down from ฿0.36 in FY 2022). Revenue: ฿2.09b (up 4.0% from FY 2022). Net income: ฿88.4m (down 21% from FY 2022). Profit margin: 4.2% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.09 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.06 (down from ฿0.09 in 3Q 2022). Revenue: ฿482.4m (down 3.0% from 3Q 2022). Net income: ฿17.4m (down 37% from 3Q 2022). Profit margin: 3.6% (down from 5.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.
New Risk • Nov 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 6.3% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (฿1.22b market cap, or US$34.0m).
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.12 per share at 7.2% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 07 September 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.8%).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.11 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.11 in 2Q 2022). Revenue: ฿544.8m (down 10% from 2Q 2022). Net income: ฿18.9m (down 46% from 2Q 2022). Profit margin: 3.5% (down from 5.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.
공고 • Aug 12Vintcom Technology Public Company Limited Announces Cash Dividend for Period from January 1, 2023 to June 30, 2023, Payable on September 7, 2023Vintcom Technology Public Company Limited announced Cash dividend payment of THB 0.12 per share for the operating period from January 1, 2023 to June 30, 2023 with record date as August 25, 2023, ex-date as August 24, 2023 and payable on September 7, 2023.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.082 in 1Q 2022)First quarter 2023 results: EPS: ฿0.08. Revenue: ฿483.2m (up 31% from 1Q 2022). Net income: ฿25.6m (up 1.8% from 1Q 2022). Profit margin: 5.3% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿4.18, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 184% over the past three years.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.18 per share at 6.0% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.2%).
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 15Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ฿607.5m (up 9.1% from 2Q 2021). Net income: ฿34.8m (down 12% from 2Q 2021). Profit margin: 5.7% (down from 7.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 15Upcoming dividend of ฿0.12 per shareEligible shareholders must have bought the stock before 22 August 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (1.5%).
Reported Earnings • May 19First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.08 (down from ฿0.09 in 1Q 2021). Revenue: ฿369.2m (down 13% from 1Q 2021). Net income: ฿25.1m (down 11% from 1Q 2021). Profit margin: 6.8% (up from 6.7% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Punn Kasemsup was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿0.42 (up from ฿0.30 in FY 2020). Revenue: ฿1.86b (down 19% from FY 2020). Net income: ฿126.5m (up 41% from FY 2020). Profit margin: 6.8% (up from 3.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.08 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿526.0m (down 4.3% from 3Q 2020). Net income: ฿31.2m (up 33% from 3Q 2020). Profit margin: 5.9% (up from 4.3% 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 30% per year whereas the company’s share price has increased by 32% per year.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿7.50, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 24x in the IT industry in Thailand. Total returns to shareholders of 160% over the past three years.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (3.7%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.14 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿556.6m (down 15% from 2Q 2020). Net income: ฿39.6m (down 7.4% from 2Q 2020). Profit margin: 7.1% (up from 6.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to ฿5.70, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 113% over the past three years.
Reported Earnings • May 19First quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.09 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿430.9m (down 31% from 1Q 2020). Net income: ฿28.3m (up 6.8% from 1Q 2020). Profit margin: 6.6% (up from 4.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 32% share price gain to ฿7.35, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 19x in the IT industry in Thailand. Total returns to shareholders of 162% over the past three years.
Reported Earnings • Feb 23Full year 2020 earnings released: EPS ฿0.30 (vs ฿0.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.28b (up 29% from FY 2019). Net income: ฿89.7m (up 34% from FY 2019). Profit margin: 3.9% (up from 3.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 28New 90-day high: ฿5.60The company is up 4.0% from its price of ฿5.40 on 30 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 7.0% over the same period.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿5.50, the stock is trading at a trailing P/E ratio of 17.1x, up from the previous P/E ratio of 14x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 49%.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿5.20, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 13.9x. This compares to an average P/E of 14x in the IT industry in Thailand. Total returns to shareholders over the past three years are 32%.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ฿0.08The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿549.3m (up 31% from 3Q 2019). Net income: ฿23.5m (up 3.4% from 3Q 2019). Profit margin: 4.3% (down from 5.4% in 3Q 2019). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Nov 16Market pulls back on stock over the past weekAfter last week's 18% share price decline to ฿4.32, the stock is trading at a trailing P/E ratio of 13.4x, down from the previous P/E ratio of 16.4x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 59%.
Valuation Update With 7 Day Price Move • Nov 12Market pulls back on stock over the past weekAfter last week's 16% share price decline to ฿4.52, the stock is trading at a trailing P/E ratio of 14x, down from the previous P/E ratio of 16.7x. This compares to an average P/E of 12x in the IT industry in Thailand. Total returns to shareholders over the past year are 71%.
Valuation Update With 7 Day Price Move • Nov 10Market pulls back on stock over the past weekAfter last week's 15% share price decline to ฿4.62, the stock is trading at a trailing P/E ratio of 14.3x, down from the previous P/E ratio of 16.9x. This compares to an average P/E of 13x in the IT industry in Thailand. Total returns to shareholders over the past year are 74%.
Is New 90 Day High Low • Sep 24New 90-day high: ฿5.85The company is up 78% from its price of ฿3.28 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 13% over the same period.