Aankondiging • Mar 18
Sahakol Equipment Public Company Limited, Annual General Meeting, Apr 22, 2026 Sahakol Equipment Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time. Aankondiging • Jan 23
Sahakol Equipment Public Company Limited Announces Change of Chief Accountant, Effective January 15, 2026 Sahakol Equipment Public Company Limited announced that Miss Wikawee Klinkaew will terminate her position as Chief Accountant, Senior Vice President Accounting & Finance, effective January 15, 2026. Miss Munchu Kerdnoonwong will be appointed as Chief Accountant, Vice President of Accounting, effective January 15, 2026. Aankondiging • Jan 19
Sahakol Equipment Public Company Limited Announces Termination of Wikawee Klinkaew as Senior Vice President Accounting & Finance, Effective January 15, 2026 Sahakol Equipment Public Company Limited announced the termination of Wikawee Klinkaew as Senior Vice President Accounting & Finance. Effective Date of Termination January 15, 2026. Aankondiging • Nov 19
Sahakol Equipment Public Company Limited Temporarily Halts Operations in Mae Moh 8 Project Due to Landslide Incident Sahakol Equipment Public Company Limited had a landslide incident in the Mae Moh mine operating area on November 4, 2025, which necessitated the temporary suspension of operations in the Mae Moh 8 Project. The Company is currently assessing the damage to assets and the impact on contractual operational plans. In light of the aforementioned factors, the Company finds it necessary to revise the Company's business plan as appropriated and aligned with the current changing circumstances. Including having sufficient up-to-date information for the Company's shareholders to make an informed decision. New Risk • Sep 05
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 9.3% 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 (0.6x net interest cover). Earnings have declined by 38% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (฿551.6m market cap, or US$17.1m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: ฿0.05 loss per share (vs ฿0.021 loss in 2Q 2024) Second quarter 2025 results: ฿0.05 loss per share (further deteriorated from ฿0.021 loss in 2Q 2024). Revenue: ฿916.8m (down 21% from 2Q 2024). Net loss: ฿52.8m (loss widened 121% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.041 in 1Q 2024) First quarter 2025 results: EPS: ฿0.01 (down from ฿0.041 in 1Q 2024). Revenue: ฿907.3m (down 33% from 1Q 2024). Net income: ฿7.57m (down 84% from 1Q 2024). Profit margin: 0.8% (down from 3.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 24
Sahakol Equipment Public Company Limited Approves the Omission of Dividend Payment for the 2024 Sahakol Equipment Public Company Limited at its Annual General Meeting of Shareholders, held on April 23, 2025, approved the omission of dividend payment for the 2024 performance from the separate financial statements for the fiscal year ended December 31, 2024, due to the loss in operating performance. New Risk • Apr 08
New major risk - Share price stability The 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 (0.9x 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. Paying a dividend despite being loss-making. Dividend per share is over 5x cash flows per share. Earnings have declined by 14% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿804.4m market cap, or US$23.1m). Buy Or Sell Opportunity • Mar 19
Now 23% overvalued Over the last 90 days, the stock has fallen 2.5% to ฿0.78. The fair value is estimated to be ฿0.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Feb 25
Sahakol Equipment Public Company Limited Auditor Raises 'Going Concern' Doubt Sahakol Equipment Public Company Limited filed its Annual on Feb 24, 2025 for the period ending Dec 31, 2024. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Feb 25
Full year 2024 earnings released: ฿0.04 loss per share (vs ฿0.11 profit in FY 2023) Full year 2024 results: ฿0.04 loss per share (down from ฿0.11 profit in FY 2023). Revenue: ฿4.50b (down 27% from FY 2023). Net loss: ฿51.0m (down 139% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 21
Sahakol Equipment Public Company Limited, Annual General Meeting, Apr 23, 2025 Sahakol Equipment Public Company Limited, Annual General Meeting, Apr 23, 2025, at 14:00 SE Asia Standard Time. Location: broadcasted live at head office of, sahakol equipment public company limited, 47/10 soi amornphan 4, vibhavadeerangsit road, ladyao, chatuchak, bangkok Thailand Buy Or Sell Opportunity • Jan 29
Now 26% overvalued Over the last 90 days, the stock has fallen 9.7% to ฿0.84. The fair value is estimated to be ฿0.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 22
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 7.3% 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 (1.0x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿884.9m market cap, or US$26.2m). Buy Or Sell Opportunity • Dec 20
Now 23% overvalued Over the last 90 days, the stock has fallen 15% to ฿0.82. The fair value is estimated to be ฿0.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 98% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (฿907.8m market cap, or US$25.9m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: ฿0.02 loss per share (vs ฿0.035 profit in 2Q 2023) Second quarter 2024 results: ฿0.02 loss per share (down from ฿0.035 profit in 2Q 2023). Revenue: ฿1.15b (down 31% from 2Q 2023). Net loss: ฿23.9m (down 160% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.05 in 1Q 2023) First quarter 2024 results: EPS: ฿0.04 (down from ฿0.05 in 1Q 2023). Revenue: ฿1.36b (up 8.3% from 1Q 2023). Net income: ฿46.7m (down 13% from 1Q 2023). Profit margin: 3.4% (down from 4.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 19
Sahakol Equipment Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 16, 2024 Sahakol Equipment Public Company Limited announced at the AGM held on April 18, 2024, Approved the dividend payment for the Company's performance of year ended December 31, 2023, at the rate of THB 0.05 per share, for 1,149,160,000 shares, equivalent to 43.981 % of net profit, totaling THB 57,458,000 as proposed by the shareholders in the Meeting. The record date specifying the list of shareholders entitled to receive dividend is March 20, 2024, and the dividend payment shall be made on May 16, 2024. Upcoming Dividend • Mar 12
Upcoming dividend of ฿0.045 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 16 May 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (5.1%). Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: ฿0.11 (vs ฿0.27 in FY 2022) Full year 2023 results: EPS: ฿0.11 (down from ฿0.27 in FY 2022). Revenue: ฿6.17b (up 18% from FY 2022). Net income: ฿130.5m (down 58% from FY 2022). Profit margin: 2.1% (down from 5.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 02
Sahakol Equipment Public Company Limited, Annual General Meeting, Apr 18, 2024 Sahakol Equipment Public Company Limited, Annual General Meeting, Apr 18, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider adopt the Minutes of the 2023 Annual General Meeting of Shareholders held on April 12, 2023; to acknowledge the company's Annual Performance for the year 2023; to consider and approve the balance sheets and income statement with Auditor's report for the year ended December 31, 2023; and to consider other matters. Aankondiging • Mar 01
Sahakol Equipment Public Company Limited Proposes Dividend for the Year 2023, Payable on May 16, 2024 Sahakol Equipment Public Company Limited informed the following resolutions of the Board of Directors' Meeting No.1/2024, held on February 29, 2024 passed resolutions as follows: To propose for approval of 2023 Dividend payment at the rate of THB 0.0455 per share, totaling THB 52,286,780. The date of determination of the list of shareholders entitled to receive dividends (Record date) would be on March 20, 2024 and the dividend payment would be made on May 16, 2024. However, such dividend payment is still uncertain as it needs to be approved by the Annual General Meeting of Shareholders for the year 2024. Reported Earnings • Nov 10
Third quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.042 loss in 3Q 2022) Third quarter 2023 results: ฿0.01 loss per share (improved from ฿0.042 loss in 3Q 2022). Revenue: ฿1.46b (up 23% from 3Q 2022). Net loss: ฿13.0m (loss narrowed 73% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.064 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.03 (down from ฿0.064 in 2Q 2022). Revenue: ฿1.67b (up 30% from 2Q 2022). Net income: ฿39.9m (down 46% from 2Q 2022). Profit margin: 2.4% (down from 5.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.18 in 1Q 2022) First quarter 2023 results: EPS: ฿0.05 (down from ฿0.18 in 1Q 2022). Revenue: ฿1.26b (up 1.3% from 1Q 2022). Net income: ฿54.0m (down 74% from 1Q 2022). Profit margin: 4.3% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿1.42, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 16x in the Metals and Mining industry in Thailand. Total loss to shareholders of 18% over the past three years. Upcoming Dividend • Mar 20
Upcoming dividend of ฿0.11 per share at 5.7% yield Eligible shareholders must have bought the stock before 27 March 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Thai dividend payers (5.4%). In line with average of industry peers (5.9%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: ฿0.042 loss per share (vs ฿0.019 profit in 3Q 2021) Third quarter 2022 results: ฿0.042 loss per share (down from ฿0.019 profit in 3Q 2021). Revenue: ฿1.19b (up 10% from 3Q 2021). Net loss: ฿48.5m (down 327% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Independent Chairman of the Board Pridiyathorn Devakula was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.042 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.06 (up from ฿0.042 in 2Q 2021). Revenue: ฿1.28b (up 15% from 2Q 2021). Net income: ฿73.3m (up 51% from 2Q 2021). Profit margin: 5.7% (up from 4.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ฿0.18 (down from ฿0.21 in 1Q 2021). Revenue: ฿1.24b (flat on 1Q 2021). Net income: ฿208.9m (down 13% from 1Q 2021). Profit margin: 17% (down from 19% in 1Q 2021). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 62%. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Independent Chairman of the Board Pridiyathorn Devakula was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Mar 24
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (6.8%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.015 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: ฿1.08b (flat on 3Q 2020). Net income: ฿21.4m (up 27% from 3Q 2020). Profit margin: 2.0% (up from 1.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ฿2.14, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.044 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ฿1.12b (flat on 2Q 2020). Net income: ฿48.5m (down 4.2% from 2Q 2020). Profit margin: 4.3% (down from 4.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.21 (vs ฿0.089 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿1.23b (down 5.2% from 1Q 2020). Net income: ฿238.9m (up 134% from 1Q 2020). Profit margin: 19% (up from 7.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 22% share price gain to ฿2.62, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Metals and Mining industry in Asia. Total loss to shareholders of 16% over the past three years. Upcoming Dividend • Mar 29
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 05 April 2021. Payment date: 11 May 2021. Trailing yield: 3.6%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (4.3%). Is New 90 Day High Low • Mar 16
New 90-day high: ฿2.12 The company is up 15% from a price of ฿1.84 on 16 December 2020. Outperformed the Thai market which is up 6.0% over the last 90 days. Lagged the Metals and Mining industry, which is up 28% over the same period. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 62%. Over the next year, revenue is expected to shrink by 15% compared to a 15% growth forecast for the Metals and Mining industry in Thailand. Is New 90 Day High Low • Jan 19
New 90-day high: ฿2.10 The company is up 35% from its price of ฿1.56 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 38% over the same period. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to ฿2.10, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 7.3x. This compares to an average P/E of 16x in the Metals and Mining industry in Thailand. Total return to shareholders over the past three years is a loss of 55%. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ฿0.015 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.08b (up 24% from 3Q 2019). Net income: ฿16.9m (up ฿283.1m from 3Q 2019). Profit margin: 1.6% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 29
New 90-day low: ฿1.52 The company is down 4.0% from its price of ฿1.59 on 31 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also down 4.0% over the same period.