View ValuationnForce Secure 향후 성장Future 기준 점검 2/6nForce Secure은 연간 수입과 매출이 각각 12.1%와 9.6% 증가할 것으로 예상되고 EPS는 연간 11.9%만큼 증가할 것으로 예상됩니다.핵심 정보12.1%이익 성장률11.92%EPS 성장률Electronic 이익 성장26.0%매출 성장률9.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트27 Feb 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesDeclared Dividend • Mar 01Dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 12th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 50% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 27+ 1 more updatenForce Secure Public Company Limited announces Annual dividend, payable on May 22, 2026nForce Secure Public Company Limited announced Annual dividend of THB 1.0000 per share payable on May 22, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.26 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.26 (up from ฿0.10 in 3Q 2024). Revenue: ฿268.3m (up 2.4% from 3Q 2024). Net income: ฿27.2m (up 163% from 3Q 2024). Profit margin: 10% (up from 3.9% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.31 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.31 (up from ฿0.17 in 2Q 2024). Revenue: ฿290.3m (up 31% from 2Q 2024). Net income: ฿31.7m (up 81% from 2Q 2024). Profit margin: 11% (up from 7.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.28 (down from ฿0.40 in 1Q 2024). Revenue: ฿292.9m (down 15% from 1Q 2024). Net income: ฿29.1m (down 29% from 1Q 2024). Profit margin: 9.9% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Board Change • Apr 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Apr 24+ 1 more updatenForce Secure Public Company Limited Announces Board ChangesnForce Secure Public Company Limited at the Annual General Meeting of Shareholder held on April 23, 2025 approved the appointment of Mr. Chaowchai Jiamvijid as Independent Director in replacement of Mr. Karoon Phungsoondara. Approved the appointment of Mr. Jumrud Sawangsamud as Independent Director in replacement of Asst. Prof. Dr. Siridech Kumsuprom.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿1.13 (vs ฿0.89 in FY 2023)Full year 2024 results: EPS: ฿1.13 (up from ฿0.89 in FY 2023). Revenue: ฿1.24b (up 16% from FY 2023). Net income: ฿115.6m (up 26% from FY 2023). Profit margin: 9.3% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.공시 • Feb 28nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025, at 09:30 SE Asia Standard Time.공시 • Feb 27nForce Secure Public Company Limited Proposes Cash Dividend for July 1, 2024 to December 31, 2024, Payable on May 22, 2025nForce Secure Public Company Limited proposed cash Dividend for July 1, 2024 to December 31, 2024 of THB 0.70 with record date of March 14, 2025 and ex date of March 13, 2025 and Payable on May 22, 2025.Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 52% over the past three years.Upcoming Dividend • Aug 22Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 67% and the cash payout ratio is 88%. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (0.8%).공시 • Aug 17nForce Secure Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 13, 2024nForce Secure Public Company Limited announced interim cash dividend of THB 0.20 per share for the operating period from January 1, 2024 to June 30, 2024. Par value is THB 0.50. Payment date is September 13, 2024. Record date for the right to receive dividends is August 30, 2024. Ex-dividend date is August 29, 2024.New Risk • Aug 16New 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 9.6% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.08b market cap, or US$30.7m).Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.23 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (down from ฿0.23 in 2Q 2023). Revenue: ฿221.9m (down 15% from 2Q 2023). Net income: ฿17.5m (down 26% from 2Q 2023). Profit margin: 7.9% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Board Change • Aug 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 47% over the past three years.Buy Or Sell Opportunity • May 21Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to ฿18.60. The fair value is estimated to be ฿15.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 8.0% in a year. Earnings are forecast to grow by 6.4% in the next year.Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿17.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Thailand. Total returns to shareholders of 18% over the past year.Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.40 (vs ฿0.27 in 1Q 2023)First quarter 2024 results: EPS: ฿0.40 (up from ฿0.27 in 1Q 2023). Revenue: ฿345.0m (up 37% from 1Q 2023). Net income: ฿40.9m (up 50% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿14.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Electronic industry in Thailand. Total returns to shareholders of 10% over the past year.공시 • Apr 26nForce Secure Public Company Limited Approves Dividend for 2023, Payable on May 20, 2024nForce Secure Public Company Limited announced at annual general meeting held on April 24, 2024, the shareholders approved annual dividend payment for the operating result of 2023 at the rate of THB 0.45 per share to the shareholders of 102,741,000 shares, totaling THB 46,233,450. Payment of dividend shall be made to the shareholders entitled to receive the dividend whose names appeared on the Record Date for the right to receive dividend on March 15, 2024 and the dividend shall be payable on May 20, 2024, the dividend payment of the company is in accordance with the dividend payment policy of the Company.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.2%).Reported Earnings • Mar 02Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.89 (up from ฿0.54 in FY 2022). Revenue: ฿1.07b (up 19% from FY 2022). Net income: ฿91.8m (up 67% from FY 2022). Profit margin: 8.6% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 14%.공시 • Mar 02nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the Company's performance for the year 2023; to consider approving the Company's Financial Statements for the year ended December 31, 2023; to consider the dividend payment; to consider and appoint the directors to replace the retiring directors by rotation; to consider and approve the 2024 remuneration of Directors and Sub-committee; to consider the appointment of the auditors and the auditor's fee for the year 2024; and to consider other matters (if any).공시 • Mar 01Nforce Secure Public Company Limited Proposes Dividend for the Operating Result of 2023, Payable on May 20, 2024The Board of Directors' Meeting of nForce Secure Public Company Limited held on February 29, 2024, has passed the resolutions as follows: approved to propose to shareholders' meeting to consider and approve the allocation of the dividend payment for the operating result of 2023 from net profit. The dividend will be paid at the rate of THB 0.45 per share, totaling THB 46,233,450. Thus, the dividend payout ratio equals to 50.78% of net profit after retained earnings, and after deducting legal reserve. The Board of Directors resolved to set the record date for shareholders who are entitled to receive dividends (Record Date) on March 15, 2024, and set the dividend payment date on May 20, 2024. In this regard, the grant of this right is uncertain since it has to be approved by the shareholders' meeting.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.078 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.078 in 3Q 2022). Revenue: ฿231.8m (up 14% from 3Q 2022). Net income: ฿11.4m (up 42% from 3Q 2022). Profit margin: 4.9% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.New Risk • Oct 18New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿1.36b market cap, or US$37.3m).Reported Earnings • Aug 12Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: ฿0.23 (up from ฿0.14 in 2Q 2022). Revenue: ฿261.2m (up 25% from 2Q 2022). Net income: ฿23.7m (up 70% from 2Q 2022). Profit margin: 9.1% (up from 6.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿15.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Electronic industry in Thailand. Total loss to shareholders of 19% over the past year.Upcoming Dividend • Mar 02Upcoming dividend of ฿0.30 per share at 1.9% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (0.9%).Reported Earnings • Feb 26Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ฿0.54 (down from ฿0.69 in FY 2021). Revenue: ฿893.9m (up 8.6% from FY 2021). Net income: ฿55.1m (down 9.9% from FY 2021). Profit margin: 6.2% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿13.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 54% over the past year.Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: ฿0.078 (vs ฿0.033 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.078 (up from ฿0.033 in 3Q 2021). Revenue: ฿204.2m (up 52% from 3Q 2021). Net income: ฿8.01m (up 138% from 3Q 2021). Profit margin: 3.9% (up from 2.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Thailand.Buying Opportunity • Aug 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.6%. The fair value is estimated to be ฿25.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Earnings per share has declined by 61%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 98% in the next year.Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.14 (vs ฿0.24 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.14 (down from ฿0.24 in 2Q 2021). Revenue: ฿209.0m (up 2.0% from 2Q 2021). Net income: ฿14.0m (down 25% from 2Q 2021). Profit margin: 6.7% (down from 9.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 75% growth forecast for the Electronic industry in Thailand.Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿24.19, 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 year. Earnings per share has declined by 39%. Revenue is forecast to grow by 41% in a year. Earnings is forecast to grow by 183% in the next year.Board Change • May 31High number of new directorsIndependent Director Karoon Phungsoondara was the last director to join the board, commencing their role in 2022.Reported Earnings • May 15First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ฿0.03 (down from ฿0.37 in 1Q 2021). Revenue: ฿175.4m (down 38% from 1Q 2021). Net income: ฿3.42m (down 88% from 1Q 2021). Profit margin: 1.9% (down from 9.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 41%, compared to a 102% growth forecast for the industry in Thailand.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Mar 03nForce Secure Public Company Limited Proposes Dividend for the Year 2021, Payable on May 18, 2022nForce Secure Public Company Limited announced that at its board meeting held on February 28, 2022, approved to propose the 2022 AGM to consider approving the allocation of net profit from the 2021 operating results in the amount of THB 1,547,050, equivalent to 2.43% of net profit from the 2021 operating results, as a legal reserve. As a result, the company will have total legal reserve in the amount of THB 5,297,050, equivalent to 10% of the registered capital of the company as required by law, and approved to propose the 2022 AGM to consider approving the dividend payment for the year 2021 (for operating results from April 1, 2021 - December, 1 2021) to the shareholders at the rate of THB 0.18 per share, totaling THB 18,493,380. The total dividends payments will be subject to withholding tax at the rate prescribed by law. In this regard, the company has already made the payment of an interim dividend for the performance for the year ended 2020 and the first quarter of the year 2021 to the shareholders on May 25, 2021 at the rate of THB 0.49 per share, totaling THB 36,420,000 according to the resolution of the Board of Directors' Meeting No. 2/2021, held on May 13, 2021. The Record Date for specifying the list of shareholders who are entitled to receive the dividend shall be on May 10, 2022 ("XD" or the Exclude Dividends Symbol will be held on May 9, 2022) and the date of dividend payment will be on May 18, 2022. However, the right to receive the dividend is uncertain as it is subject to the approval from the 2022 AGM.Reported Earnings • Mar 02Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.69 (up from ฿0.33 in FY 2020). Revenue: ฿823.4m (up 30% from FY 2020). Net income: ฿61.1m (up 160% from FY 2020). Profit margin: 7.4% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 18%, compared to a 20% growth forecast for the industry in Thailand.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿29.75, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 24x in the Electronic industry in Thailand.공시 • Jul 02nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million.nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 27,741,000 Price\Range: THB 16이익 및 매출 성장 예측SET:SECURE - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20271,560157N/AN/A112/31/20261,425140N/AN/A13/31/20261,317127227231N/A12/31/20251,303122197201N/A9/30/20251,261135119123N/A6/30/20251,254118161167N/A3/31/20251,186104143144N/A12/31/20241,2381166162N/A9/30/20241,151986976N/A6/30/20241,120995360N/A3/31/20241,160105-26-18N/A12/31/20231,066928290N/A9/30/20231,05092133137N/A6/30/20231,023898593N/A3/31/20239717995108N/A12/31/2022894551026N/A9/30/202278937-47-33N/A6/30/202272032515N/A3/31/2022716372127N/A12/31/2021823613438N/A9/30/2021793586671N/A6/30/2021812612836N/A3/31/2021727472635N/A12/31/2020634247382N/A12/31/201964359N/A-10N/A12/31/201857070N/A76N/A12/31/201747745N/AN/AN/A12/31/201651432N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SECURE 의 연간 예상 수익 증가율(12.1%)이 saving rate(2.2%)보다 높습니다.수익 vs 시장: SECURE 의 연간 수익(12.1%)이 TH 시장(11%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: SECURE 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: SECURE 의 수익(연간 9.6%)이 TH 시장(연간 10.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: SECURE 의 수익(연간 9.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SECURE의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/09 08:21종가2026/06/09 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 소스nForce Secure Public Company Limited는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Supachai WattanavitheskulYuanta Securities (Thailand) Company Limited
Declared Dividend • Mar 01Dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 12th March 2026 Payment date: 22nd May 2026 Dividend yield will be 7.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 50% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 27+ 1 more updatenForce Secure Public Company Limited announces Annual dividend, payable on May 22, 2026nForce Secure Public Company Limited announced Annual dividend of THB 1.0000 per share payable on May 22, 2026, ex-date on March 12, 2026 and record date on March 13, 2026.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.26 (vs ฿0.10 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.26 (up from ฿0.10 in 3Q 2024). Revenue: ฿268.3m (up 2.4% from 3Q 2024). Net income: ฿27.2m (up 163% from 3Q 2024). Profit margin: 10% (up from 3.9% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.31 (vs ฿0.17 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.31 (up from ฿0.17 in 2Q 2024). Revenue: ฿290.3m (up 31% from 2Q 2024). Net income: ฿31.7m (up 81% from 2Q 2024). Profit margin: 11% (up from 7.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿0.28 (down from ฿0.40 in 1Q 2024). Revenue: ฿292.9m (down 15% from 1Q 2024). Net income: ฿29.1m (down 29% from 1Q 2024). Profit margin: 9.9% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Board Change • Apr 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Apr 24+ 1 more updatenForce Secure Public Company Limited Announces Board ChangesnForce Secure Public Company Limited at the Annual General Meeting of Shareholder held on April 23, 2025 approved the appointment of Mr. Chaowchai Jiamvijid as Independent Director in replacement of Mr. Karoon Phungsoondara. Approved the appointment of Mr. Jumrud Sawangsamud as Independent Director in replacement of Asst. Prof. Dr. Siridech Kumsuprom.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: ฿1.13 (vs ฿0.89 in FY 2023)Full year 2024 results: EPS: ฿1.13 (up from ฿0.89 in FY 2023). Revenue: ฿1.24b (up 16% from FY 2023). Net income: ฿115.6m (up 26% from FY 2023). Profit margin: 9.3% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
공시 • Feb 28nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025nForce Secure Public Company Limited, Annual General Meeting, Apr 23, 2025, at 09:30 SE Asia Standard Time.
공시 • Feb 27nForce Secure Public Company Limited Proposes Cash Dividend for July 1, 2024 to December 31, 2024, Payable on May 22, 2025nForce Secure Public Company Limited proposed cash Dividend for July 1, 2024 to December 31, 2024 of THB 0.70 with record date of March 14, 2025 and ex date of March 13, 2025 and Payable on May 22, 2025.
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 52% over the past three years.
Upcoming Dividend • Aug 22Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 67% and the cash payout ratio is 88%. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (0.8%).
공시 • Aug 17nForce Secure Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 13, 2024nForce Secure Public Company Limited announced interim cash dividend of THB 0.20 per share for the operating period from January 1, 2024 to June 30, 2024. Par value is THB 0.50. Payment date is September 13, 2024. Record date for the right to receive dividends is August 30, 2024. Ex-dividend date is August 29, 2024.
New Risk • Aug 16New 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 9.6% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.08b market cap, or US$30.7m).
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.23 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.17 (down from ฿0.23 in 2Q 2023). Revenue: ฿221.9m (down 15% from 2Q 2023). Net income: ฿17.5m (down 26% from 2Q 2023). Profit margin: 7.9% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Board Change • Aug 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Anothai Adulbhan was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿12.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 47% over the past three years.
Buy Or Sell Opportunity • May 21Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to ฿18.60. The fair value is estimated to be ฿15.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 8.0% in a year. Earnings are forecast to grow by 6.4% in the next year.
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿17.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Thailand. Total returns to shareholders of 18% over the past year.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.40 (vs ฿0.27 in 1Q 2023)First quarter 2024 results: EPS: ฿0.40 (up from ฿0.27 in 1Q 2023). Revenue: ฿345.0m (up 37% from 1Q 2023). Net income: ฿40.9m (up 50% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿14.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Electronic industry in Thailand. Total returns to shareholders of 10% over the past year.
공시 • Apr 26nForce Secure Public Company Limited Approves Dividend for 2023, Payable on May 20, 2024nForce Secure Public Company Limited announced at annual general meeting held on April 24, 2024, the shareholders approved annual dividend payment for the operating result of 2023 at the rate of THB 0.45 per share to the shareholders of 102,741,000 shares, totaling THB 46,233,450. Payment of dividend shall be made to the shareholders entitled to receive the dividend whose names appeared on the Record Date for the right to receive dividend on March 15, 2024 and the dividend shall be payable on May 20, 2024, the dividend payment of the company is in accordance with the dividend payment policy of the Company.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.45 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.2%).
Reported Earnings • Mar 02Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿0.89 (up from ฿0.54 in FY 2022). Revenue: ฿1.07b (up 19% from FY 2022). Net income: ฿91.8m (up 67% from FY 2022). Profit margin: 8.6% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
공시 • Mar 02nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024nForce Secure Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the Company's performance for the year 2023; to consider approving the Company's Financial Statements for the year ended December 31, 2023; to consider the dividend payment; to consider and appoint the directors to replace the retiring directors by rotation; to consider and approve the 2024 remuneration of Directors and Sub-committee; to consider the appointment of the auditors and the auditor's fee for the year 2024; and to consider other matters (if any).
공시 • Mar 01Nforce Secure Public Company Limited Proposes Dividend for the Operating Result of 2023, Payable on May 20, 2024The Board of Directors' Meeting of nForce Secure Public Company Limited held on February 29, 2024, has passed the resolutions as follows: approved to propose to shareholders' meeting to consider and approve the allocation of the dividend payment for the operating result of 2023 from net profit. The dividend will be paid at the rate of THB 0.45 per share, totaling THB 46,233,450. Thus, the dividend payout ratio equals to 50.78% of net profit after retained earnings, and after deducting legal reserve. The Board of Directors resolved to set the record date for shareholders who are entitled to receive dividends (Record Date) on March 15, 2024, and set the dividend payment date on May 20, 2024. In this regard, the grant of this right is uncertain since it has to be approved by the shareholders' meeting.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.078 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.078 in 3Q 2022). Revenue: ฿231.8m (up 14% from 3Q 2022). Net income: ฿11.4m (up 42% from 3Q 2022). Profit margin: 4.9% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.
New Risk • Oct 18New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿1.36b market cap, or US$37.3m).
Reported Earnings • Aug 12Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: ฿0.23 (up from ฿0.14 in 2Q 2022). Revenue: ฿261.2m (up 25% from 2Q 2022). Net income: ฿23.7m (up 70% from 2Q 2022). Profit margin: 9.1% (up from 6.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿15.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Electronic industry in Thailand. Total loss to shareholders of 19% over the past year.
Upcoming Dividend • Mar 02Upcoming dividend of ฿0.30 per share at 1.9% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (0.9%).
Reported Earnings • Feb 26Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ฿0.54 (down from ฿0.69 in FY 2021). Revenue: ฿893.9m (up 8.6% from FY 2021). Net income: ฿55.1m (down 9.9% from FY 2021). Profit margin: 6.2% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ฿13.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 54% over the past year.
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: ฿0.078 (vs ฿0.033 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.078 (up from ฿0.033 in 3Q 2021). Revenue: ฿204.2m (up 52% from 3Q 2021). Net income: ฿8.01m (up 138% from 3Q 2021). Profit margin: 3.9% (up from 2.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Thailand.
Buying Opportunity • Aug 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.6%. The fair value is estimated to be ฿25.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Earnings per share has declined by 61%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 98% in the next year.
Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: ฿0.14 (vs ฿0.24 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.14 (down from ฿0.24 in 2Q 2021). Revenue: ฿209.0m (up 2.0% from 2Q 2021). Net income: ฿14.0m (down 25% from 2Q 2021). Profit margin: 6.7% (down from 9.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 75% growth forecast for the Electronic industry in Thailand.
Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be ฿24.19, 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 year. Earnings per share has declined by 39%. Revenue is forecast to grow by 41% in a year. Earnings is forecast to grow by 183% in the next year.
Board Change • May 31High number of new directorsIndependent Director Karoon Phungsoondara was the last director to join the board, commencing their role in 2022.
Reported Earnings • May 15First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: ฿0.03 (down from ฿0.37 in 1Q 2021). Revenue: ฿175.4m (down 38% from 1Q 2021). Net income: ฿3.42m (down 88% from 1Q 2021). Profit margin: 1.9% (down from 9.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 41%, compared to a 102% growth forecast for the industry in Thailand.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Mar 03nForce Secure Public Company Limited Proposes Dividend for the Year 2021, Payable on May 18, 2022nForce Secure Public Company Limited announced that at its board meeting held on February 28, 2022, approved to propose the 2022 AGM to consider approving the allocation of net profit from the 2021 operating results in the amount of THB 1,547,050, equivalent to 2.43% of net profit from the 2021 operating results, as a legal reserve. As a result, the company will have total legal reserve in the amount of THB 5,297,050, equivalent to 10% of the registered capital of the company as required by law, and approved to propose the 2022 AGM to consider approving the dividend payment for the year 2021 (for operating results from April 1, 2021 - December, 1 2021) to the shareholders at the rate of THB 0.18 per share, totaling THB 18,493,380. The total dividends payments will be subject to withholding tax at the rate prescribed by law. In this regard, the company has already made the payment of an interim dividend for the performance for the year ended 2020 and the first quarter of the year 2021 to the shareholders on May 25, 2021 at the rate of THB 0.49 per share, totaling THB 36,420,000 according to the resolution of the Board of Directors' Meeting No. 2/2021, held on May 13, 2021. The Record Date for specifying the list of shareholders who are entitled to receive the dividend shall be on May 10, 2022 ("XD" or the Exclude Dividends Symbol will be held on May 9, 2022) and the date of dividend payment will be on May 18, 2022. However, the right to receive the dividend is uncertain as it is subject to the approval from the 2022 AGM.
Reported Earnings • Mar 02Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.69 (up from ฿0.33 in FY 2020). Revenue: ฿823.4m (up 30% from FY 2020). Net income: ฿61.1m (up 160% from FY 2020). Profit margin: 7.4% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 18%, compared to a 20% growth forecast for the industry in Thailand.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to ฿29.75, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 24x in the Electronic industry in Thailand.
공시 • Jul 02nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million.nForce Secure Public Company Limited has completed an IPO in the amount of THB 443.856 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 27,741,000 Price\Range: THB 16