View Future GrowthPROEN Corp 과거 순이익 실적과거 기준 점검 0/6PROEN Corp의 수입은 연평균 -6.6%의 비율로 감소해 온 반면, Electronic 산업은 수입이 연평균 2.6% 증가했습니다. 매출은 연평균 15.5%의 비율로 감소해 왔습니다. PROEN Corp의 자기자본이익률은 1.3%이고 순이익률은 1.6%입니다.핵심 정보-6.59%순이익 성장률-13.65%주당순이익(EPS) 성장률Electronic 산업 성장률18.10%매출 성장률-15.55%자기자본이익률1.34%순이익률1.65%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 19First quarter 2026 earnings released: ฿0.031 loss per share (vs ฿0.04 loss in 1Q 2025)First quarter 2026 results: ฿0.031 loss per share (improved from ฿0.04 loss in 1Q 2025). Revenue: ฿82.1m (down 51% from 1Q 2025). Net loss: ฿12.1m (loss narrowed 22% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.01 (vs ฿0.08 in FY 2024)Full year 2025 results: EPS: ฿0.01 (down from ฿0.08 in FY 2024). Revenue: ฿567.0m (down 20% from FY 2024). Net income: ฿4.15m (down 86% from FY 2024). Profit margin: 0.7% (down from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.047 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (improved from ฿0.047 loss in 3Q 2024). Revenue: ฿165.5m (up 43% from 3Q 2024). Net loss: ฿129.6k (loss narrowed 99% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.051 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.09 (up from ฿0.051 loss in 2Q 2024). Revenue: ฿123.6m (down 20% from 2Q 2024). Net income: ฿35.2m (up ฿52.8m from 2Q 2024). Profit margin: 28% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 43% per year.Reported Earnings • May 10First quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.04 loss per share (further deteriorated from ฿0.01 loss in 1Q 2024). Revenue: ฿167.4m (up 21% from 1Q 2024). Net loss: ฿15.6m (loss widened 380% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.08 (vs ฿0.048 in FY 2023)Full year 2024 results: EPS: ฿0.08 (up from ฿0.048 in FY 2023). Revenue: ฿707.8m (down 7.3% from FY 2023). Net income: ฿29.2m (up 86% from FY 2023). Profit margin: 4.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.모든 업데이트 보기Recent updatesReported Earnings • May 19First quarter 2026 earnings released: ฿0.031 loss per share (vs ฿0.04 loss in 1Q 2025)First quarter 2026 results: ฿0.031 loss per share (improved from ฿0.04 loss in 1Q 2025). Revenue: ฿82.1m (down 51% from 1Q 2025). Net loss: ฿12.1m (loss narrowed 22% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.New Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 Earnings have declined by 6.6% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (฿341.5m market cap, or US$10.5m).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.01 (vs ฿0.08 in FY 2024)Full year 2025 results: EPS: ฿0.01 (down from ฿0.08 in FY 2024). Revenue: ฿567.0m (down 20% from FY 2024). Net income: ฿4.15m (down 86% from FY 2024). Profit margin: 0.7% (down from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.공시 • Feb 26PROEN Corp Public Company Limited, Annual General Meeting, Apr 27, 2026PROEN Corp Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:30 SE Asia Standard Time. Location: at the companys office located at 11/80 soi-, pracha uthit 8 yaek 2,huai khwang subdistrict, huai khwang district, bangkok 10310 ThailandNew Risk • Feb 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿482.9m market cap, or US$15.5m).Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.20, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Electronic industry in Thailand. Total loss to shareholders of 82% over the past three years.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.047 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (improved from ฿0.047 loss in 3Q 2024). Revenue: ฿165.5m (up 43% from 3Q 2024). Net loss: ฿129.6k (loss narrowed 99% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.54, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the Electronic industry in Thailand. Total loss to shareholders of 74% over the past three years.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.051 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.09 (up from ฿0.051 loss in 2Q 2024). Revenue: ฿123.6m (down 20% from 2Q 2024). Net income: ฿35.2m (up ฿52.8m from 2Q 2024). Profit margin: 28% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 43% per year.Reported Earnings • May 10First quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.04 loss per share (further deteriorated from ฿0.01 loss in 1Q 2024). Revenue: ฿167.4m (up 21% from 1Q 2024). Net loss: ฿15.6m (loss widened 380% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.공시 • Apr 18Veritas Data Centre Company Limited agreed to acquire remaining 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from PROEN Corp Public Company Limited (SET:PROEN) for THB 290 million.Veritas Data Centre Company Limited agreed to acquire remaining 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from PROEN Corp Public Company Limited (SET:PROEN) for THB 290 million on April 17, 2025. A cash consideration of THB 290 million will be paid by Veritas Data Centre Company Limited for 50,568,927 shares. Upon completion, Veritas Data Centre Company Limited will own 100% stake in Seashore Data Center and Cloud Services Co., Ltd. The transaction has been unanimously approved by the board of PROEN Corp Public Company Limited. The expected completion of the transaction is in 2025.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿1.32, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Electronic industry in Thailand. Total loss to shareholders of 83% over the past three years.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ฿1.32, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 82% over the past three years.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 44%After last week's 44% share price gain to ฿1.50, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 13x in the Electronic industry in Thailand. Total loss to shareholders of 78% over the past three years.공시 • Mar 03PROEN Corp Public Company Limited Appoints Vachiraporn Aganapanya as Chief Financial OfficerPROEN Corp. Public Company Limited announced appointment of Miss Vachiraporn Aganapanya as Chief Financial Officer. Effective Date of Appointment is March 3, 2025.공시 • Feb 27PROEN Corp Public Company Limited, Annual General Meeting, Apr 24, 2025PROEN Corp Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: at the company`s office located at 11/80, soi pracha uthit 8 yaek 2, huai khwang subdistrict, huai khwang district, bangkok 10310 ThailandReported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.08 (vs ฿0.048 in FY 2023)Full year 2024 results: EPS: ฿0.08 (up from ฿0.048 in FY 2023). Revenue: ฿707.8m (down 7.3% from FY 2023). Net income: ฿29.2m (up 86% from FY 2023). Profit margin: 4.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.공시 • Feb 17PROEN Corp Public Company Limited Announces Resignation of Chonticha Supaluxmetha as Chief Financial OfficerPROEN Corp. Public Company Limited announced the resignation of Mrs. Chonticha Supaluxmetha as Chief Financial Officer. Effective Date of Termination is on 17 February 2025.Buy Or Sell Opportunity • Dec 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 74% to ฿4.64. The fair value is estimated to be ฿3.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Nov 19Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 171% to ฿4.68. The fair value is estimated to be ฿3.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 17Third quarter 2024 earnings released: ฿0.05 loss per share (vs ฿0.017 profit in 3Q 2023)Third quarter 2024 results: ฿0.05 loss per share (down from ฿0.017 profit in 3Q 2023). Revenue: ฿115.9m (down 51% from 3Q 2023). Net loss: ฿17.9m (down 431% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.공시 • Oct 02PROEN Corp Public Company Limited Announces Resignation of Somkiat Yubanphaeo as DirectorPROEN Corp. Public Company Limited announced that Mr. Somkiat Yubanphaeo has submitted his resignation from Director Due to personal reasons the effective date on October 1, 2024.공시 • Sep 09PROEN Corp Public Company Limited Appoints Mr. Artis Phetcharattana as A DirectorPROEN CORP Public Company Limited announced at the Board of Directors meeting, held on September 6, 2024, a resolution was passed to appoint Mr. Artis Phetcharattana as a Director of the Company, replacing Mr. Naris Ratyiam who has resigned from the position due to retirement. This appointment is effective from September 6, 2024.공시 • Sep 04PROEN Corp Public Company Limited (SET:PROEN) agreed to acquire 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from Veritas Data Centre Company Limited for approximately THB 265 million.PROEN Corp Public Company Limited (SET:PROEN) agreed to acquire 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from Veritas Data Centre Company Limited for approximately THB 265 million on September 2, 2024. The transaction is subject to approval of offer by acquirer board. The deal has been unanimously approved by the board.Buy Or Sell Opportunity • Aug 19Now 24% overvaluedOver the last 90 days, the stock has fallen 3.5% to ฿1.65. The fair value is estimated to be ฿1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.05 loss per share (vs ฿0.017 profit in 2Q 2023)Second quarter 2024 results: ฿0.05 loss per share (down from ฿0.017 profit in 2Q 2023). Revenue: ฿154.9m (up 22% from 2Q 2023). Net loss: ฿17.6m (down 426% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.New Risk • Aug 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (฿490.7m market cap, or US$13.8m).Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿1.25, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 80% over the past three years.공시 • Jul 01PROEN Corp Public Company Limited Announces Chief Financial Officer ChangesPROEN Corp. Public Company Limited announced changing of CFO. Termination of Mr. Nititorn Deeumpai as chief financial officer. Effective date of termination is 1 July 2024. Appointment of Mrs. Chonticha Supaluxmetha as chief financial officer. Effective date of appointment is 1 July 2024.New Risk • Jun 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿363.7m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Market cap is less than US$10m (฿363.7m market cap, or US$9.90m). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.83, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 74% over the past three years.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.55, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 77% over the past three years.Reported Earnings • May 11First quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.005 loss in 1Q 2023)First quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.005 loss in 1Q 2023). Revenue: ฿138.7m (down 31% from 1Q 2023). Net loss: ฿3.24m (loss widened 106% from 1Q 2023). 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 38% per year, which means it is performing significantly worse than earnings.New Risk • Mar 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (64% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (฿768.9m market cap, or US$21.5m).Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿2.16, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 17x in the Electronic industry in Thailand. Total loss to shareholders of 62% over the past year.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.05 (vs ฿0.21 in FY 2022)Full year 2023 results: EPS: ฿0.05 (down from ฿0.21 in FY 2022). Revenue: ฿763.3m (down 50% from FY 2022). Net income: ฿15.8m (down 76% from FY 2022). Profit margin: 2.1% (down from 4.3% in FY 2022).공시 • Feb 28+ 1 more updatePROEN Corp Public Company Limited Appoints Kullakarn Jirakulkanwara as Company Secretary, Effective from February 27, 2024PROEN Corp. Public Company Limited on February 27, 2024 resolved to approve the appointment Miss Kullakarn Jirakulkanwara as Company Secretary with responsibilities by the law, effective from February 27, 2024 onwards.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ฿2.58, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 58% over the past year.New Risk • Feb 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (฿1.00b market cap, or US$28.5m).공시 • Jan 17PROEN Corp Public Company Limited Announces Board ChangesPROEN Corp. Public Company Limited announced the appointment of Mr. Panya Boonyapiwat as Directors, Independent Directors and Chairman of the Audit Committee with effective from January 16, 2024 onwards, to replace Mr. Nopparat Phutaviriya has resigned and has appointed Mr. Chaiyooth Srijabok as Directors of the with effective from January 17, 2024 onwards, to replace Mrs. Punsaya Paprakornpisit who has resigned due to retirement.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿3.68, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 44% over the past year.공시 • Jan 02Proen Corp Public Company Limited Announces Resignation of Mr. Nopparat Phutaviriya as Independent Director and Chairman of Audit CommitteePROEN Corp. Public Company Limited announced that Mr. Nopparat Phutaviriya has resigned from the position of Independent Director and Chairman of Audit Committee due to other personal duties, effective from December 31, 2023 onward.공시 • Dec 08PROEN Corp Public Company Limited Announces Resignation of Siriwan Lueanloi as Company SecretaryPROEN Corp. Public Company Limited (The Company) announced that Miss Siriwan Lueanloi has resigned from the position of the Company Secretary, effective from 7 December 2023 onward.New Risk • Nov 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 185% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Market cap is less than US$100m (฿1.06b market cap, or US$29.4m).공시 • Aug 11PROEN Corp Public Company Limited Appoints Siriwan Lueanloi as Company SecretaryAccording to the resolution of the Board of Directors' meeting PROEN Corp. Public Company Limited No. 5/2023 on August 10, 2023 resolved to approve the appointment Miss Siriwan Lueanloi as Company Secretary with responsibilities by the law, effective from August 10, 2023 onwards.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.05 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.02 (down from ฿0.05 in 2Q 2022). Revenue: ฿126.6m (down 59% from 2Q 2022). Net income: ฿5.41m (down 63% from 2Q 2022). Profit margin: 4.3% (down from 4.7% in 2Q 2022). The decrease in margin was driven by lower revenue.Board Change • Aug 05Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Parnai Kungwalrut was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). High level of non-cash earnings (57% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Market cap is less than US$100m (฿1.61b market cap, or US$45.9m).Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿4.22, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 15% over the past year.공시 • Jun 02Proen Corp Public Company Limited Announces Resignation of Phuwadon Muangsue as Company SecretaryPROEN Corp. Public Company Limited announced that Phuwadon Muangsue has resigned from the position of the Company Secretary, effective from 1 June 2023 onward.Upcoming Dividend • May 02Upcoming dividend of ฿0.12 per share at 2.1% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.1%).Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿6.10, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 32% over the past year.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 21x in the Electronic industry in Thailand. Total loss to shareholders of 7.2% over the past year.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.002 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.08 (up from ฿0.002 in 3Q 2021). Revenue: ฿416.8m (up 72% from 3Q 2021). Net income: ฿25.6m (up ฿25.0m from 3Q 2021). Profit margin: 6.1% (up from 0.2% in 3Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.002 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.08 (up from ฿0.002 in 3Q 2021). Revenue: ฿416.8m (up 72% from 3Q 2021). Net income: ฿25.6m (up ฿25.0m from 3Q 2021). Profit margin: 6.1% (up from 0.2% in 3Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.038 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.05 (up from ฿0.038 in 2Q 2021). Revenue: ฿309.7m (up 25% from 2Q 2021). Net income: ฿14.5m (up 30% from 2Q 2021). Profit margin: 4.7% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿6.30, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 7.4% over the past year.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿5.65, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 26% over the past year.Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.04 in 1Q 2021)First quarter 2022 results: EPS: ฿0.05 (up from ฿0.04 in 1Q 2021). Revenue: ฿508.3m (up 151% from 1Q 2021). Net income: ฿14.5m (up 61% from 1Q 2021). Profit margin: 2.9% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorated over the past weekAfter last week's 30% share price decline to ฿6.45, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 23x in the Electronic industry in Thailand. Total returns to shareholders of 4.6% over the past year.Upcoming Dividend • May 02Upcoming dividend of ฿0.058 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (1.4%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Panarat Panmanee was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.10 (down from ฿0.11 in FY 2020). Revenue: ฿1.06b (up 5.7% from FY 2020). Net income: ฿29.2m (up 15% from FY 2020). Profit margin: 2.8% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.Board Change • Dec 15Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Panarat Panmanee was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.001 (vs ฿0.005 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿242.0m (down 6.6% from 3Q 2020). Net income: ฿548.8k (down 53% from 3Q 2020). Profit margin: 0.2% (down from 0.5% in 3Q 2020). The decrease in margin was driven by lower revenue.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.08 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿248.2m (down 21% from 2Q 2020). Net income: ฿11.2m (down 39% from 2Q 2020). Profit margin: 4.5% (down from 5.9% in 2Q 2020). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿7.80, the stock trades at a trailing P/E ratio of 77.7x. Average trailing P/E is 27x in the Telecom industry in Thailand.Reported Earnings • May 02Full year 2020 earnings released: EPS ฿0.11 (vs ฿0.09 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.00b (up 13% from FY 2019). Net income: ฿25.3m (up 52% from FY 2019). Profit margin: 2.5% (up from 1.9% in FY 2019).매출 및 비용 세부 내역PROEN Corp가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:PROEN 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 264828141031 Dec 255674142030 Sep 2575588115030 Jun 2570570120031 Mar 2573717141031 Dec 2470829169030 Sep 24610-32157030 Jun 24729-9147031 Mar 2470114123031 Dec 2376316116030 Sep 2385920123030 Jun 231,04140121031 Mar 231,22449121031 Dec 221,53165124030 Sep 221,60063116030 Jun 221,42538114031 Mar 221,36435111031 Dec 211,0582998030 Sep 219532298030 Jun 2196923105031 Mar 211,03430102031 Dec 201,00125112030 Sep 201,02932114030 Jun 201,05938109031 Mar 2090020106031 Dec 1988317101031 Dec 1871424790양질의 수익: PROEN의 비현금 수익 수준이 높습니다.이익 마진 증가: PROEN의 현재 순 이익률 (1.6%)은 지난해 (2.3%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: PROEN의 수익은 지난 5년 동안 연평균 6.6% 감소했습니다.성장 가속화: PROEN은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: PROEN은 지난 1년 동안 수익이 감소(-53.1%)하여 Electronic 업계 평균(20.9%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: PROEN의 자본 수익률(1.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 11:36종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PROEN Corp Public Company Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • May 19First quarter 2026 earnings released: ฿0.031 loss per share (vs ฿0.04 loss in 1Q 2025)First quarter 2026 results: ฿0.031 loss per share (improved from ฿0.04 loss in 1Q 2025). Revenue: ฿82.1m (down 51% from 1Q 2025). Net loss: ฿12.1m (loss narrowed 22% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.01 (vs ฿0.08 in FY 2024)Full year 2025 results: EPS: ฿0.01 (down from ฿0.08 in FY 2024). Revenue: ฿567.0m (down 20% from FY 2024). Net income: ฿4.15m (down 86% from FY 2024). Profit margin: 0.7% (down from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.047 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (improved from ฿0.047 loss in 3Q 2024). Revenue: ฿165.5m (up 43% from 3Q 2024). Net loss: ฿129.6k (loss narrowed 99% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.051 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.09 (up from ฿0.051 loss in 2Q 2024). Revenue: ฿123.6m (down 20% from 2Q 2024). Net income: ฿35.2m (up ฿52.8m from 2Q 2024). Profit margin: 28% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 43% per year.
Reported Earnings • May 10First quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.04 loss per share (further deteriorated from ฿0.01 loss in 1Q 2024). Revenue: ฿167.4m (up 21% from 1Q 2024). Net loss: ฿15.6m (loss widened 380% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.08 (vs ฿0.048 in FY 2023)Full year 2024 results: EPS: ฿0.08 (up from ฿0.048 in FY 2023). Revenue: ฿707.8m (down 7.3% from FY 2023). Net income: ฿29.2m (up 86% from FY 2023). Profit margin: 4.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 19First quarter 2026 earnings released: ฿0.031 loss per share (vs ฿0.04 loss in 1Q 2025)First quarter 2026 results: ฿0.031 loss per share (improved from ฿0.04 loss in 1Q 2025). Revenue: ฿82.1m (down 51% from 1Q 2025). Net loss: ฿12.1m (loss narrowed 22% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
New Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 Earnings have declined by 6.6% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (฿341.5m market cap, or US$10.5m).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.01 (vs ฿0.08 in FY 2024)Full year 2025 results: EPS: ฿0.01 (down from ฿0.08 in FY 2024). Revenue: ฿567.0m (down 20% from FY 2024). Net income: ฿4.15m (down 86% from FY 2024). Profit margin: 0.7% (down from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
공시 • Feb 26PROEN Corp Public Company Limited, Annual General Meeting, Apr 27, 2026PROEN Corp Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:30 SE Asia Standard Time. Location: at the companys office located at 11/80 soi-, pracha uthit 8 yaek 2,huai khwang subdistrict, huai khwang district, bangkok 10310 Thailand
New Risk • Feb 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿482.9m market cap, or US$15.5m).
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.20, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Electronic industry in Thailand. Total loss to shareholders of 82% over the past three years.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.047 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (improved from ฿0.047 loss in 3Q 2024). Revenue: ฿165.5m (up 43% from 3Q 2024). Net loss: ฿129.6k (loss narrowed 99% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿1.54, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the Electronic industry in Thailand. Total loss to shareholders of 74% over the past three years.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.051 loss in 2Q 2024)Second quarter 2025 results: EPS: ฿0.09 (up from ฿0.051 loss in 2Q 2024). Revenue: ฿123.6m (down 20% from 2Q 2024). Net income: ฿35.2m (up ฿52.8m from 2Q 2024). Profit margin: 28% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 43% per year.
Reported Earnings • May 10First quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.01 loss in 1Q 2024)First quarter 2025 results: ฿0.04 loss per share (further deteriorated from ฿0.01 loss in 1Q 2024). Revenue: ฿167.4m (up 21% from 1Q 2024). Net loss: ฿15.6m (loss widened 380% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.
공시 • Apr 18Veritas Data Centre Company Limited agreed to acquire remaining 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from PROEN Corp Public Company Limited (SET:PROEN) for THB 290 million.Veritas Data Centre Company Limited agreed to acquire remaining 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from PROEN Corp Public Company Limited (SET:PROEN) for THB 290 million on April 17, 2025. A cash consideration of THB 290 million will be paid by Veritas Data Centre Company Limited for 50,568,927 shares. Upon completion, Veritas Data Centre Company Limited will own 100% stake in Seashore Data Center and Cloud Services Co., Ltd. The transaction has been unanimously approved by the board of PROEN Corp Public Company Limited. The expected completion of the transaction is in 2025.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿1.32, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Electronic industry in Thailand. Total loss to shareholders of 83% over the past three years.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ฿1.32, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 82% over the past three years.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 44%After last week's 44% share price gain to ฿1.50, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 13x in the Electronic industry in Thailand. Total loss to shareholders of 78% over the past three years.
공시 • Mar 03PROEN Corp Public Company Limited Appoints Vachiraporn Aganapanya as Chief Financial OfficerPROEN Corp. Public Company Limited announced appointment of Miss Vachiraporn Aganapanya as Chief Financial Officer. Effective Date of Appointment is March 3, 2025.
공시 • Feb 27PROEN Corp Public Company Limited, Annual General Meeting, Apr 24, 2025PROEN Corp Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: at the company`s office located at 11/80, soi pracha uthit 8 yaek 2, huai khwang subdistrict, huai khwang district, bangkok 10310 Thailand
Reported Earnings • Feb 26Full year 2024 earnings released: EPS: ฿0.08 (vs ฿0.048 in FY 2023)Full year 2024 results: EPS: ฿0.08 (up from ฿0.048 in FY 2023). Revenue: ฿707.8m (down 7.3% from FY 2023). Net income: ฿29.2m (up 86% from FY 2023). Profit margin: 4.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings.
공시 • Feb 17PROEN Corp Public Company Limited Announces Resignation of Chonticha Supaluxmetha as Chief Financial OfficerPROEN Corp. Public Company Limited announced the resignation of Mrs. Chonticha Supaluxmetha as Chief Financial Officer. Effective Date of Termination is on 17 February 2025.
Buy Or Sell Opportunity • Dec 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 74% to ฿4.64. The fair value is estimated to be ฿3.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Nov 19Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 171% to ฿4.68. The fair value is estimated to be ฿3.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 17Third quarter 2024 earnings released: ฿0.05 loss per share (vs ฿0.017 profit in 3Q 2023)Third quarter 2024 results: ฿0.05 loss per share (down from ฿0.017 profit in 3Q 2023). Revenue: ฿115.9m (down 51% from 3Q 2023). Net loss: ฿17.9m (down 431% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
공시 • Oct 02PROEN Corp Public Company Limited Announces Resignation of Somkiat Yubanphaeo as DirectorPROEN Corp. Public Company Limited announced that Mr. Somkiat Yubanphaeo has submitted his resignation from Director Due to personal reasons the effective date on October 1, 2024.
공시 • Sep 09PROEN Corp Public Company Limited Appoints Mr. Artis Phetcharattana as A DirectorPROEN CORP Public Company Limited announced at the Board of Directors meeting, held on September 6, 2024, a resolution was passed to appoint Mr. Artis Phetcharattana as a Director of the Company, replacing Mr. Naris Ratyiam who has resigned from the position due to retirement. This appointment is effective from September 6, 2024.
공시 • Sep 04PROEN Corp Public Company Limited (SET:PROEN) agreed to acquire 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from Veritas Data Centre Company Limited for approximately THB 265 million.PROEN Corp Public Company Limited (SET:PROEN) agreed to acquire 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from Veritas Data Centre Company Limited for approximately THB 265 million on September 2, 2024. The transaction is subject to approval of offer by acquirer board. The deal has been unanimously approved by the board.
Buy Or Sell Opportunity • Aug 19Now 24% overvaluedOver the last 90 days, the stock has fallen 3.5% to ฿1.65. The fair value is estimated to be ฿1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 10Second quarter 2024 earnings released: ฿0.05 loss per share (vs ฿0.017 profit in 2Q 2023)Second quarter 2024 results: ฿0.05 loss per share (down from ฿0.017 profit in 2Q 2023). Revenue: ฿154.9m (up 22% from 2Q 2023). Net loss: ฿17.6m (down 426% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.
New Risk • Aug 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (฿490.7m market cap, or US$13.8m).
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿1.25, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 80% over the past three years.
공시 • Jul 01PROEN Corp Public Company Limited Announces Chief Financial Officer ChangesPROEN Corp. Public Company Limited announced changing of CFO. Termination of Mr. Nititorn Deeumpai as chief financial officer. Effective date of termination is 1 July 2024. Appointment of Mrs. Chonticha Supaluxmetha as chief financial officer. Effective date of appointment is 1 July 2024.
New Risk • Jun 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿363.7m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Market cap is less than US$10m (฿363.7m market cap, or US$9.90m). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.83, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 74% over the past three years.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.55, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 77% over the past three years.
Reported Earnings • May 11First quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.005 loss in 1Q 2023)First quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.005 loss in 1Q 2023). Revenue: ฿138.7m (down 31% from 1Q 2023). Net loss: ฿3.24m (loss widened 106% from 1Q 2023). 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 38% per year, which means it is performing significantly worse than earnings.
New Risk • Mar 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (64% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (฿768.9m market cap, or US$21.5m).
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿2.16, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 17x in the Electronic industry in Thailand. Total loss to shareholders of 62% over the past year.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.05 (vs ฿0.21 in FY 2022)Full year 2023 results: EPS: ฿0.05 (down from ฿0.21 in FY 2022). Revenue: ฿763.3m (down 50% from FY 2022). Net income: ฿15.8m (down 76% from FY 2022). Profit margin: 2.1% (down from 4.3% in FY 2022).
공시 • Feb 28+ 1 more updatePROEN Corp Public Company Limited Appoints Kullakarn Jirakulkanwara as Company Secretary, Effective from February 27, 2024PROEN Corp. Public Company Limited on February 27, 2024 resolved to approve the appointment Miss Kullakarn Jirakulkanwara as Company Secretary with responsibilities by the law, effective from February 27, 2024 onwards.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ฿2.58, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 58% over the past year.
New Risk • Feb 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (฿1.00b market cap, or US$28.5m).
공시 • Jan 17PROEN Corp Public Company Limited Announces Board ChangesPROEN Corp. Public Company Limited announced the appointment of Mr. Panya Boonyapiwat as Directors, Independent Directors and Chairman of the Audit Committee with effective from January 16, 2024 onwards, to replace Mr. Nopparat Phutaviriya has resigned and has appointed Mr. Chaiyooth Srijabok as Directors of the with effective from January 17, 2024 onwards, to replace Mrs. Punsaya Paprakornpisit who has resigned due to retirement.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿3.68, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 44% over the past year.
공시 • Jan 02Proen Corp Public Company Limited Announces Resignation of Mr. Nopparat Phutaviriya as Independent Director and Chairman of Audit CommitteePROEN Corp. Public Company Limited announced that Mr. Nopparat Phutaviriya has resigned from the position of Independent Director and Chairman of Audit Committee due to other personal duties, effective from December 31, 2023 onward.
공시 • Dec 08PROEN Corp Public Company Limited Announces Resignation of Siriwan Lueanloi as Company SecretaryPROEN Corp. Public Company Limited (The Company) announced that Miss Siriwan Lueanloi has resigned from the position of the Company Secretary, effective from 7 December 2023 onward.
New Risk • Nov 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 185% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Market cap is less than US$100m (฿1.06b market cap, or US$29.4m).
공시 • Aug 11PROEN Corp Public Company Limited Appoints Siriwan Lueanloi as Company SecretaryAccording to the resolution of the Board of Directors' meeting PROEN Corp. Public Company Limited No. 5/2023 on August 10, 2023 resolved to approve the appointment Miss Siriwan Lueanloi as Company Secretary with responsibilities by the law, effective from August 10, 2023 onwards.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.05 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.02 (down from ฿0.05 in 2Q 2022). Revenue: ฿126.6m (down 59% from 2Q 2022). Net income: ฿5.41m (down 63% from 2Q 2022). Profit margin: 4.3% (down from 4.7% in 2Q 2022). The decrease in margin was driven by lower revenue.
Board Change • Aug 05Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Parnai Kungwalrut was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). High level of non-cash earnings (57% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Market cap is less than US$100m (฿1.61b market cap, or US$45.9m).
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿4.22, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 15% over the past year.
공시 • Jun 02Proen Corp Public Company Limited Announces Resignation of Phuwadon Muangsue as Company SecretaryPROEN Corp. Public Company Limited announced that Phuwadon Muangsue has resigned from the position of the Company Secretary, effective from 1 June 2023 onward.
Upcoming Dividend • May 02Upcoming dividend of ฿0.12 per share at 2.1% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.1%).
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿6.10, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 32% over the past year.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 21x in the Electronic industry in Thailand. Total loss to shareholders of 7.2% over the past year.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.002 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.08 (up from ฿0.002 in 3Q 2021). Revenue: ฿416.8m (up 72% from 3Q 2021). Net income: ฿25.6m (up ฿25.0m from 3Q 2021). Profit margin: 6.1% (up from 0.2% in 3Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.002 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.08 (up from ฿0.002 in 3Q 2021). Revenue: ฿416.8m (up 72% from 3Q 2021). Net income: ฿25.6m (up ฿25.0m from 3Q 2021). Profit margin: 6.1% (up from 0.2% in 3Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.038 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.05 (up from ฿0.038 in 2Q 2021). Revenue: ฿309.7m (up 25% from 2Q 2021). Net income: ฿14.5m (up 30% from 2Q 2021). Profit margin: 4.7% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿6.30, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 7.4% over the past year.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿5.65, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 26% over the past year.
Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.04 in 1Q 2021)First quarter 2022 results: EPS: ฿0.05 (up from ฿0.04 in 1Q 2021). Revenue: ฿508.3m (up 151% from 1Q 2021). Net income: ฿14.5m (up 61% from 1Q 2021). Profit margin: 2.9% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorated over the past weekAfter last week's 30% share price decline to ฿6.45, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 23x in the Electronic industry in Thailand. Total returns to shareholders of 4.6% over the past year.
Upcoming Dividend • May 02Upcoming dividend of ฿0.058 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (1.4%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Panarat Panmanee was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.10 (down from ฿0.11 in FY 2020). Revenue: ฿1.06b (up 5.7% from FY 2020). Net income: ฿29.2m (up 15% from FY 2020). Profit margin: 2.8% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
Board Change • Dec 15Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Panarat Panmanee was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.001 (vs ฿0.005 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿242.0m (down 6.6% from 3Q 2020). Net income: ฿548.8k (down 53% from 3Q 2020). Profit margin: 0.2% (down from 0.5% in 3Q 2020). The decrease in margin was driven by lower revenue.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.08 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿248.2m (down 21% from 2Q 2020). Net income: ฿11.2m (down 39% from 2Q 2020). Profit margin: 4.5% (down from 5.9% in 2Q 2020). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿7.80, the stock trades at a trailing P/E ratio of 77.7x. Average trailing P/E is 27x in the Telecom industry in Thailand.
Reported Earnings • May 02Full year 2020 earnings released: EPS ฿0.11 (vs ฿0.09 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.00b (up 13% from FY 2019). Net income: ฿25.3m (up 52% from FY 2019). Profit margin: 2.5% (up from 1.9% in FY 2019).