Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. VP of Corporate Support, CFO & Director Pornsak Chunhajinda was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 21
Final dividend of ฿0.15 announced Shareholders will receive a dividend of ฿0.15. Ex-date: 4th March 2026 Payment date: 20th May 2026 Dividend yield will be 8.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 21% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.2% EPS decline seen over the last 5 years. Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: ฿0.33 (vs ฿0.32 in FY 2024) Full year 2025 results: EPS: ฿0.33 (up from ฿0.32 in FY 2024). Revenue: ฿1.03b (up 1.1% from FY 2024). Net income: ฿66.1m (flat on FY 2024). Profit margin: 6.4% (down from 6.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Feb 20
Phol Dhanya Public Company Limited, Annual General Meeting, Apr 28, 2026 Phol Dhanya Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.096 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.10 (up from ฿0.096 in 3Q 2024). Revenue: ฿262.5m (down 1.1% from 3Q 2024). Net income: ฿19.4m (flat on 3Q 2024). Profit margin: 7.4% (up from 7.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.081 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.07 (down from ฿0.081 in 2Q 2024). Revenue: ฿251.5m (up 6.0% from 2Q 2024). Net income: ฿15.1m (down 7.9% from 2Q 2024). Profit margin: 6.0% (down from 6.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.08 (vs ฿0.077 in 1Q 2024) First quarter 2025 results: EPS: ฿0.08 (up from ฿0.077 in 1Q 2024). Revenue: ฿250.4m (down 3.4% from 1Q 2024). Net income: ฿16.2m (up 4.1% from 1Q 2024). Profit margin: 6.5% (up from 6.0% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Apr 24
Phol Dhanya Public Company Limited Approves Dividend for the Year 2024, Payable on 19 May, 2025 Phol Dhanya Public Company Limited at its AGM held on April 23, 2025, approved the dividend payment for the year 2024 at rate THB 0.23 per share (not exceeding THB 46.58 million), the company has paid the interim dividend at rate THB 0.10 per share, therefore the remaining payment at rate THB 0.13 per share, totaling THB 26.33 million. Fixed Record Date for the rights to receive the dividend payment on March 5, 2025 and dividend payment on 19 May, 2025 as proposed and allocate legal reserve amounting THB 3.23 million. Declared Dividend • Feb 21
Final dividend increased to ฿0.13 Dividend of ฿0.13 is 8.3% higher than last year. Ex-date: 4th March 2025 Payment date: 19th May 2025 Dividend yield will be 7.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ฿0.096 (vs ฿0.072 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.096 (up from ฿0.072 in 3Q 2023). Revenue: ฿265.5m (up 5.9% from 3Q 2023). Net income: ฿19.3m (up 32% from 3Q 2023). Profit margin: 7.3% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Declared Dividend • Aug 15
First half dividend of ฿0.10 announced Shareholders will receive a dividend of ฿0.10. Ex-date: 26th August 2024 Payment date: 9th September 2024 Dividend yield will be 7.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (340% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ฿0.081 (vs ฿0.069 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.081 (up from ฿0.069 in 2Q 2023). Revenue: ฿237.2m (flat on 2Q 2023). Net income: ฿16.4m (up 17% from 2Q 2023). Profit margin: 6.9% (up from 5.9% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.077 (vs ฿0.062 in 1Q 2023) First quarter 2024 results: EPS: ฿0.077 (up from ฿0.062 in 1Q 2023). Revenue: ฿259.3m (up 7.6% from 1Q 2023). Net income: ฿15.5m (up 23% from 1Q 2023). Profit margin: 6.0% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 27
Phol Dhanya Public Company Limited Approves Dividend, Payable on 20 May 2024 Phol Dhanya Public Company Limited at its AGM, held on April 26, 2024 approved dividend of 0.21 baht per share, company paid interim dividend of 0.09 baht per share, therefore the remaining payment is of 0.12 baht per share. Fixed record date for the rights to receive the dividend payment on March 1, 2024 and payment on 20 May 2024. Upcoming Dividend • Feb 22
Upcoming dividend of ฿0.12 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Thai dividend payers (6.6%). Higher than average of industry peers (2.5%). Declared Dividend • Feb 18
Final dividend of ฿0.12 announced Shareholders will receive a dividend of ฿0.12. Ex-date: 29th February 2024 Payment date: 20th May 2024 Dividend yield will be 7.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: ฿0.29 (vs ฿0.27 in FY 2022) Full year 2023 results: EPS: ฿0.29 (up from ฿0.27 in FY 2022). Revenue: ฿971.4m (down 2.9% from FY 2022). Net income: ฿58.3m (up 7.9% from FY 2022). Profit margin: 6.0% (up from 5.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • Feb 17
Phol Dhanya Public Company Limited, Annual General Meeting, Apr 26, 2024 Phol Dhanya Public Company Limited, Annual General Meeting, Apr 26, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledgement the company's Operating Results 2023; to consider and approve of the audited consolidated financial statements of the company for the financial year end as of 31 December, 2023; and to consider other matters. Aankondiging • Feb 16
Phol Dhanya Public Company Limited Declares Dividend for the Fiscal Year of 2023, Payable on 20 May, 2024 Phol Dhanya Public Company Limited announced that at the board meeting held on approved the dividend payment for the fiscal year of 2023 of THB 0.21 per share to shareholders of 202,500,232 shares. Total dividend payment will be 42.53 MB. or dividend payout of 75.96% of the net profit generated from operations after income tax deduction of the company's separate financial statements and allocation as legal reserved amounts 2.80 MB., equal to 1.38% of the company registration capital. The Company has paid the interim dividend of THB 0.09 per share, therefore remain dividend are paid from the second six months' operating at the rate of THB 0.12 per share, totaling 24.30 MB. The record date to determine names of shareholders who have the right to receive dividend payment will be on 1 March, 2024. The dividend payment date will be on 20 May, 2024. Such dividend payment shall be further proposed to shareholders' meeting for approval. In addition, shareholders who are ordinary persons shall be entitled to a tax credit according to the Revenue Code, Section 47bis. Since the dividend payment are appropriated from the taxable profits of the Company which were subject to corporate income tax rates at 20%; therefore, the income tax credit for this dividend is equal to the dividend amount multiple by 20/80. Buying Opportunity • Sep 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be ฿3.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.09 per share at 6.6% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 08 September 2023. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 6.6%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.4%). Aankondiging • Aug 11
Phol Dhanya Public Company Limited Announces Cash Dividend for the Period from January 1, 2023 to June 30, 2023, Payable on September 8, 2023 Phol Dhanya Public Company Limited announced cash dividend of THB 0.09 per share for the period from January 1, 2023 to June 30, 2023. Payment date is September 8, 2023. Ex-Dividend date is August 23, 2023, Record date for the right to receive dividend is August 24, 2023. Reported Earnings • Aug 11
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ฿239.0m (flat on 2Q 2022). Net income: ฿14.1m (up 33% from 2Q 2022). Profit margin: 5.9% (up from 4.4% in 2Q 2022). Upcoming Dividend • Feb 23
Upcoming dividend of ฿0.12 per share at 7.8% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 19 May 2023. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: ฿0.27 (vs ฿0.40 in FY 2021) Full year 2022 results: EPS: ฿0.27 (down from ฿0.40 in FY 2021). Revenue: ฿1.00b (down 18% from FY 2021). Net income: ฿54.0m (down 34% from FY 2021). Profit margin: 5.4% (down from 6.7% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.5%. The fair value is estimated to be ฿3.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 11%. Buying Opportunity • Dec 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be ฿3.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 09 September 2022. Payout ratio and cash payout ratio are on the higher end at 76% and 85% respectively. Trailing yield: 7.1%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.052 (vs ฿0.091 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.052 (down from ฿0.091 in 2Q 2021). Revenue: ฿240.8m (down 20% from 2Q 2021). Net income: ฿10.6m (down 43% from 2Q 2021). Profit margin: 4.4% (down from 6.1% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Wisarute Srirojanakul was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 03
Upcoming dividend of ฿0.16 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 20 May 2022. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.40 (up from ฿0.36 in FY 2020). Revenue: ฿1.23b (up 16% from FY 2020). Net income: ฿81.9m (up 11% from FY 2020). Profit margin: 6.7% (down from 7.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 15% share price gain to ฿4.54, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 16x in the Retail Distributors industry in Asia. Total returns to shareholders of 200% over the past three years. Upcoming Dividend • Aug 18
Upcoming dividend of ฿0.16 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 09 September 2021. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (2.3%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS ฿0.091 (vs ฿0.091 in 2Q 2020) The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: ฿300.8m (up 23% from 2Q 2020). Net income: ฿18.4m (flat on 2Q 2020). Profit margin: 6.1% (down from 7.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ฿4.34, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 14x in the Retail Distributors industry in Thailand. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 21% share price gain to ฿5.10, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 12x in the Retail Distributors industry in Thailand. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 22% share price gain to ฿4.60, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Retail Distributors industry in Thailand. Total returns to shareholders of 130% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.15 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿323.3m (up 18% from 1Q 2020). Net income: ฿26.8m (down 12% from 1Q 2020). Profit margin: 8.3% (down from 11% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 20% share price gain to ฿4.02, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 19x in the Retail Distributors industry in Asia. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 21% share price gain to ฿3.34, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 16x in the Retail Distributors industry in Thailand. Total returns to shareholders of 101% over the past three years. Upcoming Dividend • Feb 24
Upcoming Dividend of ฿0.14 Per Share Will be paid on the 20th of May to those who are registered shareholders by the 3rd of March. The trailing yield of 10% is in the top quartile of Thai dividend payers (6.2%), and it is higher than industry peers (2.3%). Reported Earnings • Feb 20
Full year 2020 earnings released: EPS ฿0.36 (vs ฿0.20 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.06b (up 16% from FY 2019). Net income: ฿73.9m (up 78% from FY 2019). Profit margin: 7.0% (up from 4.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 30
New 90-day high: ฿2.84 The company is up 21% from its price of ฿2.34 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ฿2.64 The company is up 7.0% from its price of ฿2.46 on 10 September 2020. The Thai market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day low: ฿2.20 The company is down 26% from its price of ฿2.96 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is flat over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ฿0.06 The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues were improved. Third quarter 2020 results: Revenue: ฿270.9m (up 19% from 3Q 2019). Net income: ฿12.1m (flat on 3Q 2019). Profit margin: 4.5% (down from 5.3% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.