Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.1%). Declared Dividend • Feb 23
Dividend of ฿0.20 announced Dividend of ฿0.20 is the same as last year. Ex-date: 30th April 2026 Payment date: 22nd May 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (8% 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 3.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: ฿0.63 (vs ฿0.43 in FY 2024) Full year 2025 results: EPS: ฿0.63 (up from ฿0.43 in FY 2024). Revenue: ฿5.33b (up 4.4% from FY 2024). Net income: ฿194.4m (up 47% from FY 2024). Profit margin: 3.6% (up from 2.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Feb 21
Pre-Built Public Company Limited announces Annual dividend, payable on May 22, 2026 Pre-Built Public Company Limited announced Annual dividend of THB 0.2000 per share payable on May 22, 2026, ex-date on April 30, 2026 and record date on May 05, 2026. Announcement • Feb 20
Pre-Built Public Company Limited, Annual General Meeting, Apr 23, 2026 Pre-Built Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:30 SE Asia Standard Time. Location: hybrid meeting, jupiter room 4-5 challenger, impact-, exhibition center, muang thong thani, Thailand Announcement • Jan 16
Pre-Built Public Company Limited Appoints Saravut Busayarat as Chairman of the Board of Directors, Effective January 16, 2026 Pre-Built Public Company Limited announced the appointment of Mr. Saravut Busayarat as Chairman of the Board of Directors. The announcement pertains to a change in the Board of Directors with the appointment of a new Chairman. The effective date of Mr. Saravut Busayarat's appointment as Chairman is January 16, 2026. The date of the board's resolution is January 15, 2026. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.062 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.11 (up from ฿0.062 in 3Q 2024). Revenue: ฿1.40b (up 14% from 3Q 2024). Net income: ฿33.9m (up 77% from 3Q 2024). Profit margin: 2.4% (up from 1.6% 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 52% 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. New Risk • Aug 19
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: 1.3% Last year net profit margin: 3.8% 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 8.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (฿1.11b market cap, or US$34.2m). Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.28 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.10 (down from ฿0.28 in 2Q 2024). Revenue: ฿1.18b (up 3.9% from 2Q 2024). Net income: ฿31.4m (down 64% from 2Q 2024). Profit margin: 2.7% (down from 7.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.065 (vs ฿0.098 in 1Q 2024) First quarter 2025 results: EPS: ฿0.065 (down from ฿0.098 in 1Q 2024). Revenue: ฿1.09b (down 9.0% from 1Q 2024). Net income: ฿20.1m (down 33% from 1Q 2024). Profit margin: 1.8% (down from 2.5% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Pre-Built Public Company Limited Approves the Cash Dividend Payment for the Year 2024, Payable on 23 May 2025 Pre-Built Public Company Limited approved the cash dividend payment for the year 2024' s operating result at the rate of THB 0.20 per share, or not exceeding in total of THB 61,740,000. The name of shareholders who are entitled to receive the cash dividend shall be specified on 2 May 2025. The dividend payment shall be made within 23 May 2025. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (2.9%). New Risk • Feb 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 298% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (฿1.23b market cap, or US$36.5m). Declared Dividend • Feb 22
Dividend reduced to ฿0.20 Dividend of ฿0.20 is 50% lower than last year. Ex-date: 30th April 2025 Payment date: 23rd May 2025 Dividend yield will be 4.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 1.6% to shift the payout ratio to a potentially unsustainable range, which is less than the 13% EPS decline seen over the last 5 years. Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: ฿0.43 (vs ฿0.55 in FY 2023) Full year 2024 results: EPS: ฿0.43 (down from ฿0.55 in FY 2023). Revenue: ฿5.11b (up 4.7% from FY 2023). Net income: ฿132.7m (down 22% from FY 2023). Profit margin: 2.6% (down from 3.5% in FY 2023). 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 22% per year, which means it has not declined as severely as earnings. New Risk • Nov 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 268% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (฿1.36b market cap, or US$39.4m). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿4.28, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 14x in the Construction industry in Thailand. Total loss to shareholders of 40% over the past three years. New Risk • Aug 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (฿1.33b market cap, or US$38.5m). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.15 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.28 (up from ฿0.15 in 2Q 2023). Revenue: ฿1.13b (flat on 2Q 2023). Net income: ฿87.6m (up 85% from 2Q 2023). Profit margin: 7.8% (up from 4.2% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.098 (vs ฿0.18 in 1Q 2023) First quarter 2024 results: EPS: ฿0.098 (down from ฿0.18 in 1Q 2023). Revenue: ฿1.20b (down 2.3% from 1Q 2023). Net income: ฿30.2m (down 47% from 1Q 2023). Profit margin: 2.5% (down from 4.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Apr 27
Pre-Built Public Company Limited Approves Cash Dividend Payment for the Year Ended December 31, 2023, Payable on May 24, 2024 Pre-Built Public Company Limited announced at the AGM held on April 25, 2024, approved the cash dividend payment for the year 2023's operating result at the rate of THB 0.40 per share, or not exceeding in total of THB 123,470,600 for the year ended December 31, 2023. The name of shareholders who are entitled to receive the cash dividend shall be specified on 2 May 2024. The dividend payment shall be made within 24 May 2024. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.40 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (1.9%). Declared Dividend • Feb 24
Dividend reduced to ฿0.40 Dividend of ฿0.40 is 20% lower than last year. Ex-date: 30th April 2024 Payment date: 24th May 2024 Dividend yield will be 6.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 32% 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 12% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿0.55 (vs ฿1.15 in FY 2022) Full year 2023 results: EPS: ฿0.55 (down from ฿1.15 in FY 2022). Revenue: ฿4.88b (down 16% from FY 2022). Net income: ฿169.4m (down 52% from FY 2022). Profit margin: 3.5% (down from 6.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Nov 14
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: 3.9% Last year net profit margin: 6.9% 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 Risks Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (466% cash payout ratio). Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (฿1.91b market cap, or US$53.2m). Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.37 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.20 (down from ฿0.37 in 3Q 2022). Revenue: ฿1.33b (down 19% from 3Q 2022). Net income: ฿62.7m (down 45% from 3Q 2022). Profit margin: 4.7% (down from 7.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.15 (vs ฿0.40 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.15 (down from ฿0.40 in 2Q 2022). Revenue: ฿1.14b (down 25% from 2Q 2022). Net income: ฿47.4m (down 62% from 2Q 2022). Profit margin: 4.2% (down from 8.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 21
Upcoming dividend of ฿0.50 per share at 5.9% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 5.9%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (1.9%). 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. 4 experienced directors. 5 highly experienced directors. Independent Director Chaturong Pumarin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: ฿0.40 (up from ฿0.20 in 2Q 2021). Revenue: ฿1.52b (up 34% from 2Q 2021). Net income: ฿124.2m (up 102% from 2Q 2021). Profit margin: 8.2% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 68%. Over the next year, revenue is forecast to grow 4.6%, compared to a 19% growth forecast for the Construction industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% 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. 4 experienced directors. 5 highly experienced directors. Independent Director Chaturong Pumarin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ฿0.78 (up from ฿0.54 in FY 2020). Revenue: ฿4.56b (up 6.7% from FY 2020). Net income: ฿241.6m (up 46% from FY 2020). Profit margin: 5.3% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has fallen by 21% 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. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.12 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿769.0m (down 21% from 3Q 2020). Net income: ฿36.5m (up 3.2% from 3Q 2020). Profit margin: 4.7% (up from 3.6% in 3Q 2020). The increase in margin was driven by lower 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 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿1.13b (up 5.6% from 2Q 2020). Net income: ฿61.4m (up 86% from 2Q 2020). Profit margin: 5.4% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.08b (up 8.4% from 1Q 2020). Net income: ฿57.7m (up 42% from 1Q 2020). Profit margin: 5.4% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue. 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 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.40 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 21 May 2021. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (2.0%). Price Target Changed • Mar 30
Price target increased to ฿8.40 Up from ฿6.60, the current price target is provided by 1 analyst. New target price is 8.7% below last closing price of ฿9.20. Stock is up 39% over the past year. Is New 90 Day High Low • Mar 12
New 90-day high: ฿8.90 The company is up 29% from its price of ฿6.90 on 09 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is flat over the same period. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS ฿0.54 (vs ฿0.88 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿4.28b (flat on FY 2019). Net income: ฿165.7m (down 39% from FY 2019). Profit margin: 3.9% (down from 6.3% in FY 2019). 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 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue and earnings miss expectations Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 19%, compared to a 13% growth forecast for the Construction industry in Thailand. Is New 90 Day High Low • Feb 08
New 90-day high: ฿8.05 The company is up 28% from its price of ฿6.30 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: ฿7.75 The company is up 25% from its price of ฿6.20 on 20 October 2020. The Thai market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ฿7.00 The company is up 9.0% from its price of ฿6.40 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: ฿6.70 The company is up 3.0% from its price of ฿6.50 on 28 August 2020. The Thai market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 1.0% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ฿0.12 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿969.6m (down 13% from 3Q 2019). Net income: ฿35.4m (down 39% from 3Q 2019). Profit margin: 3.6% (down from 5.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 06
New 90-day low: ฿6.30 The company is down 5.0% from its price of ฿6.65 on 08 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 14% over the same period.