Reported Earnings • May 11
First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.01 in 1Q 2025) First quarter 2026 results: EPS: ฿0.05 (up from ฿0.01 in 1Q 2025). Revenue: ฿516.4m (up 61% from 1Q 2025). Net income: ฿15.7m (up 294% from 1Q 2025). Profit margin: 3.0% (up from 1.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿1.73, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 11x in the Construction industry in Thailand. Total loss to shareholders of 34% over the past three years. Declared Dividend • Feb 20
Dividend of ฿0.15 announced Shareholders will receive a dividend of ฿0.15. Ex-date: 2nd March 2026 Payment date: 20th May 2026 Dividend yield will be 7.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.3% EPS decline seen over the last 5 years. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.06 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.10 (up from ฿0.06 in 3Q 2024). Revenue: ฿474.6m (up 4.3% from 3Q 2024). Net income: ฿29.3m (up 59% from 3Q 2024). Profit margin: 6.2% (up from 4.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 18% per year. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.16 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.07 (down from ฿0.16 in 2Q 2024). Revenue: ฿393.4m (down 9.0% from 2Q 2024). Net income: ฿20.3m (down 56% from 2Q 2024). Profit margin: 5.2% (down from 11% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 23% per year. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.14 in 1Q 2024) First quarter 2025 results: EPS: ฿0.01 (down from ฿0.14 in 1Q 2024). Revenue: ฿345.9m (down 39% from 1Q 2024). Net income: ฿3.98m (down 91% from 1Q 2024). Profit margin: 1.1% (down from 7.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Aankondiging • Apr 24
Teka Construction Public Company Limited Approves Dividend Payment for the Year 2024, Payable on May 20, 2025 Teka Construction Public Company Limited in its Annual General meeting held on April 24, 2025 approved the appropriation of the net profit for the year 2024 as the dividend of THB 0.155 per share a total of THB 46.50 million, The dividend was equivalent to 41.29% of net profit for the year. The Company's dividend policy. The book closing date for the right to receive dividend was on March 5, 2025 and the dividend will be paid on May 20, 2025. Declared Dividend • Feb 21
Dividend of ฿0.15 announced Shareholders will receive a dividend of ฿0.15. Ex-date: 4th March 2025 Payment date: 20th May 2025 Dividend yield will be 6.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 3 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.0% EPS decline seen over the last 5 years. Aankondiging • Feb 20
Teka Construction Public Company Limited announces Annual dividend, payable on May 20, 2025 Teka Construction Public Company Limited announced Annual dividend of THB 0.1550 per share payable on May 20, 2025, ex-date on March 04, 2025 and record date on March 05, 2025. Reported Earnings • Feb 20
Full year 2024 earnings released: EPS: ฿0.38 (vs ฿0.26 in FY 2023) Full year 2024 results: EPS: ฿0.38 (up from ฿0.26 in FY 2023). Revenue: ฿1.94b (down 4.7% from FY 2023). Net income: ฿112.6m (up 47% from FY 2023). Profit margin: 5.8% (up from 3.8% in FY 2023). The increase in margin was driven by lower expenses. Aankondiging • Feb 20
Teka Construction Public Company Limited, Annual General Meeting, Apr 23, 2025 Teka Construction Public Company Limited, Annual General Meeting, Apr 23, 2025, at 14:00 SE Asia Standard Time. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (6.3% average weekly change). Market cap is less than US$100m (฿672.0m market cap, or US$19.6m). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.088 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.06 (down from ฿0.088 in 3Q 2023). Revenue: ฿472.0m (down 19% from 3Q 2023). Net income: ฿18.5m (down 30% from 3Q 2023). Profit margin: 3.9% (down from 4.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: ฿0.16 (vs ฿0.07 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.16 (up from ฿0.07 in 2Q 2023). Revenue: ฿437.2m (down 5.2% from 2Q 2023). Net income: ฿46.6m (up 127% from 2Q 2023). Profit margin: 11% (up from 4.4% in 2Q 2023). The increase in margin was driven by lower expenses. New Risk • Jun 04
New major risk - Earnings quality The 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 2.4% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿678.0m market cap, or US$18.5m). New Risk • May 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% 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 Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿744.0m market cap, or US$20.1m). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: ฿140 (vs ฿0.05 in 1Q 2023) First quarter 2024 results: EPS: ฿140 (up from ฿0.05 in 1Q 2023). Revenue: ฿583.0m (up 52% from 1Q 2023). Net income: ฿42.1m (up 160% from 1Q 2023). Profit margin: 7.2% (up from 4.2% in 1Q 2023). The increase in margin was driven by higher revenue. Aankondiging • Apr 26
Teka Construction Public Company Limited Approves Dividend for the Year 2023, Payable on May 20, 2024 Teka Construction Public Company Limited at its annual general meeting of Shareholders for the year 2024, held on April 24, the shareholders approved the appropriation of the net profit for the year 2023 as the dividend of THB 0.105 per share a total of THB 31.50 million, the dividend was equivalent to 41.14% of net profit for the year. The company's dividend policy. The book closing date for the right to receive dividend was on March 7, 2024 and the dividend will be paid on May 20, 2024. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿2.12, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 20x in the Construction industry in Thailand. Total loss to shareholders of 33% over the past year. Upcoming Dividend • Feb 28
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 06 March 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.2%). New Risk • Feb 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.7% Last year net profit margin: 6.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (฿720.0m market cap, or US$20.1m). Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: ฿0.26 (vs ฿0.45 in FY 2022) Full year 2023 results: EPS: ฿0.26 (down from ฿0.45 in FY 2022). Revenue: ฿2.06b (up 6.4% from FY 2022). Net income: ฿76.6m (down 36% from FY 2022). Profit margin: 3.7% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings have declined by 2.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 17x cash flows per share). Profit margins are more than 30% lower than last year (4.6% net profit margin). Market cap is less than US$100m (฿828.0m market cap, or US$23.6m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.07 (vs ฿0.089 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.07 (down from ฿0.089 in 2Q 2022). Revenue: ฿467.2m (down 9.4% from 2Q 2022). Net income: ฿20.5m (down 23% from 2Q 2022). Profit margin: 4.4% (down from 5.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Buying Opportunity • Jun 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be ฿3.40, 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 54%. Reported Earnings • May 15
First quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.24 in 1Q 2022) First quarter 2023 results: EPS: ฿0.05 (down from ฿0.24 in 1Q 2022). Revenue: ฿387.7m (down 35% from 1Q 2022). Net income: ฿16.2m (down 70% from 1Q 2022). Profit margin: 4.2% (down from 8.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Aankondiging • May 05
Teka Construction Public Company Limited Appoints Suphon Chongchintaraksa as Acting Chief Financial Officer Teka Construction Public Company Limited appointed Mr. Suphon Chongchintaraksa as Acting Chief Financial Officer, Effective Date of Appointment May 1, 2023. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.13 per share at 8.1% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 24 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.1%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: ฿0.45 (vs ฿0.56 in FY 2021) Full year 2022 results: EPS: ฿0.45 (down from ฿0.56 in FY 2021). Revenue: ฿1.95b (up 22% from FY 2021). Net income: ฿119.9m (down 4.8% from FY 2021). Profit margin: 6.2% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.18 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.09 (down from ฿0.18 in 2Q 2021). Revenue: ฿518.5m (up 19% from 2Q 2021). Net income: ฿26.8m (down 34% from 2Q 2021). Profit margin: 5.2% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 18% share price gain to ฿4.16, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 25x in the Construction industry in Thailand. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ฿3.66, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 25x in the Construction industry in Thailand. Reported Earnings • Jun 17
First quarter 2021 earnings released First quarter 2021 results: EPS: ฿0.18. Revenue: ฿435.6m (flat on 1Q 2020). Net income: ฿40.4m (up ฿40.4m from 1Q 2020). Profit margin: 9.3% (up from null in 1Q 2020).