Pioneer Motor (SET:PIMO) - Stock Price, News & Analysis

PIMO Stock Overview

Engages in the manufacturing and distributing of electric motors in Thailand.

PIMO fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 94.1% below our estimate of its fair value

Earnings grew by 54% over the past year

Risk Analysis

Volatile share price over the past 3 months

Unstable dividend track record

Does not have a meaningful market cap (THB1B)

Pioneer Motor Public Company Limited Competitors

Arrow Syndicate

SET:ARROW

฿1.5b

QTC Energy

SET:QTC

฿1.4b

Kijcharoen Engineering Electric

SET:KJL

฿1.7b

Tirathai

SET:TRT

฿1.1b

Price History & Performance

Summary of all time highs, changes and price drops for Pioneer Motor
Historical stock prices
Current Share Price	฿1.76
52 Week High	฿2.20
52 Week Low	฿1.24
Beta	0.41
11 Month Change	4.76%
3 Month Change	-1.68%
1 Year Change	10.69%
33 Year Change	-53.93%
5 Year Change	23.08%
Change since IPO	-29.60%

Recent updates

Shareholder Returns

	PIMO	TH Electrical	TH Market
7D	-5.9%	-1.2%	0.02%
1Y	10.7%	-3.8%	-2.2%

Return vs Industry: PIMO exceeded the TH Electrical industry which returned -3.8% over the past year.

Return vs Market: PIMO exceeded the TH Market which returned -2.2% over the past year.

Price Volatility

Is PIMO's price volatile compared to industry and market?
PIMO volatility
PIMO Average Weekly Movement	8.6%
Electrical Industry Average Movement	4.0%
Market Average Movement	5.2%
10% most volatile stocks in TH Market	11.3%
10% least volatile stocks in TH Market	2.7%

Stable Share Price: PIMO has not had significant price volatility in the past 3 months.

Volatility Over Time: PIMO's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Wasun Itthirojanakul	www.pioneermotor.th.com

Pioneer Motor Public Company Limited engages in the manufacturing and distributing of electric motors in Thailand. It offers air-conditioning motors, industrial motors, dewatering and centrifugal pumps, motors for pools and spas, submersible pumps, and motor home pumps. The company was founded in 2001 and is based in Nakhon Pathom, Thailand.

Pioneer Motor Public Company Limited Fundamentals Summary

How do Pioneer Motor's earnings and revenue compare to its market cap?
PIMO fundamental statistics
Market cap	฿1.33b
Earnings (TTM)	฿115.10m
Revenue (TTM)	฿1.06b

11.6x

P/E Ratio

1.3x

P/S Ratio

Is PIMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PIMO income statement (TTM)
Revenue	฿1.06b
Cost of Revenue	฿857.87m
Gross Profit	฿199.42m
Other Expenses	฿84.31m
Earnings	฿115.10m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	18.86%
Net Profit Margin	10.89%
Debt/Equity Ratio	0%

How did PIMO perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

33%

Payout Ratio

PIMO Stock Overview

Rewards

Risk Analysis

Pioneer Motor Public Company Limited Competitors

SET:ARROW

฿1.5b

SET:QTC

฿1.4b

SET:KJL

฿1.7b

SET:TRT

฿1.1b

Price History & Performance

Recent News & Updates

First half dividend of ฿0.02 announced

Second quarter 2024 earnings released: EPS: ฿0.045 (vs ฿0.025 in 2Q 2023)

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 16%

First quarter 2024 earnings released: EPS: ฿0.053 (vs ฿0.022 in 1Q 2023)

Recent updates

First half dividend of ฿0.02 announced

Second quarter 2024 earnings released: EPS: ฿0.045 (vs ฿0.025 in 2Q 2023)

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 16%

First quarter 2024 earnings released: EPS: ฿0.053 (vs ฿0.022 in 1Q 2023)

Pioneer Motor Public Company Limited Approves Dividend for the Period from July 1, 2023 to December 31, 2023, Payable on May 21, 2024

Final dividend reduced to ฿0.03

Pioneer Motor Public Company Limited Proposes Dividend from Operating Results from 1 July 2023 to 31 December 2023, Payable on May 21, 2024

Full year 2023 earnings released: EPS: ฿0.10 (vs ฿0.16 in FY 2022)

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 15%

Third quarter 2023 earnings released: EPS: ฿0.028 (vs ฿0.044 in 3Q 2022)

Upcoming dividend of ฿0.01 per share at 3.3% yield

Upcoming dividend of ฿0.01 per share at 3.9% yield

Pioneer Motor Public Company Limited Declares Dividend from January 1, 2023 to June 30, 2023, Payable on September 5, 2023

Second quarter 2023 earnings released: EPS: ฿0.025 (vs ฿0.048 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.022 (vs ฿0.052 in 1Q 2022)

Upcoming dividend of ฿0.042 per share at 3.4% yield

Consensus revenue estimates fall by 17%

Price target decreased by 26% to ฿3.75

Investor sentiment deteriorates as stock falls 17%

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Less than half of directors are independent

Upcoming dividend of ฿0.02 per share

Pioneer Motor Public Company Limited Announces Cash Dividend Payment, Payment Date Is 07 September 2022

Less than half of directors are independent

Full year 2021 earnings: Revenues exceed analyst expectations

Pioneer Motor Public Company Limited Proposes Dividend for the Year 2021, Payable on May 24, 2022

Upcoming dividend of ฿0.018 per share

Second quarter 2021 earnings released: EPS ฿0.038 (vs ฿0.017 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.032 (vs ฿0.032 in 1Q 2020)

Pioneer Motor Public Company Limited Approves Dividend for the Year 2020, Payable on 25 May, 2021

Upcoming dividend of ฿0.034 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS ฿0.13 (vs ฿0.049 in FY 2019)

Pioneer Motor Public Company Limited, Annual General Meeting, Apr 27, 2021

Investor sentiment improved over the past week

New 90-day high: ฿2.68

Third quarter 2020 earnings released: EPS ฿0.052

New 90-day high: ฿2.68

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: ฿2.44

New 90-day high - ฿2.04

New 90-day high - ฿1.55

First half earnings released

New 90-day high - ฿1.45

Shareholder Returns

Price Volatility

About the Company

Pioneer Motor Public Company Limited Fundamentals Summary

11.6x

1.3x

Earnings & Revenue

Dividends

2.8%