VNG-R Stock Overview

Engages in production and distribution of wood plates, medium density fiberboards, particle boards, doorskin, and melamine on wood plates in Thailand and internationally. More details

VNG-R fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 79% below our estimate of its fair value

Earnings grew by 763.5% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Unstable dividend track record

Community vs My Fair Value

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Vanachai Group Public Company Limited Competitors

S.Kijchai Enterprise

SET:SKN

฿4.7b

SCG Decor

SET:SCGD

฿6.9b

Dynasty Ceramic

SET:DCC

฿14.4b

WIIK

SET:WIIK

฿728.8m

Price History & Performance

Summary of share price highs, lows and changes for Vanachai Group
Historical stock prices
Current Share Price	฿2.24
52 Week High	฿3.92
52 Week Low	฿1.94
Beta	0.20
1 Month Change	4.67%
3 Month Change	-20.57%
1 Year Change	-34.12%
3 Year Change	-71.28%
5 Year Change	-37.08%
Change since IPO	106.77%

Recent updates

Shareholder Returns

	VNG-R	TH Building	TH Market
7D	0.9%	1.4%	1.0%
1Y	-34.1%	-24.7%	-14.4%

Return vs Industry: VNG-R underperformed the TH Building industry which returned -24.7% over the past year.

Return vs Market: VNG-R underperformed the TH Market which returned -14.4% over the past year.

Price Volatility

Is VNG-R's price volatile compared to industry and market?
VNG-R volatility
VNG-R Average Weekly Movement	2.9%
Building Industry Average Movement	5.0%
Market Average Movement	5.9%
10% most volatile stocks in TH Market	11.4%
10% least volatile stocks in TH Market	2.9%

Stable Share Price: VNG-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: VNG-R's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1943	n/a	Wanthana Jaroennawarat	www.vanachai.com

Vanachai Group Public Company Limited, together with its subsidiaries, engages in production and distribution of wood plates, medium density fiberboards, particle boards, doorskin, and melamine on wood plates in Thailand and internationally. The company offers oriented strand boards, shuttering board, melamine faced panels, moulded doors, melanine doors, wall decorative panels, laminate flooring, flooring and accessories, and plywoods, as well as polyester and veneer on MDF boards. It also manufactures glue and impregnated paper products; and engages in the manufacture of electricity from renewable energy, as well as in marketing management business.

Vanachai Group Public Company Limited Fundamentals Summary

How do Vanachai Group's earnings and revenue compare to its market cap?
VNG-R fundamental statistics
Market cap	฿3.89b
Earnings (TTM)	฿230.20m
Revenue (TTM)	฿13.54b

16.9x

P/E Ratio

0.3x

P/S Ratio

Is VNG-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VNG-R income statement (TTM)
Revenue	฿13.54b
Cost of Revenue	฿11.28b
Gross Profit	฿2.26b
Other Expenses	฿2.03b
Earnings	฿230.20m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.13
Gross Margin	16.69%
Net Profit Margin	1.70%
Debt/Equity Ratio	100.8%

How did VNG-R perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

75%

Payout Ratio

Does VNG-R pay a reliable dividends?

See VNG-R dividend history and benchmarks

When do you need to buy VNG-R by to receive an upcoming dividend?
Vanachai Group dividend dates
Ex Dividend Date	Mar 17 2025
Dividend Pay Date	May 16 2025
Days until Ex dividend	55 days
Days until Dividend pay date	5 days

Does VNG-R pay a reliable dividends?

See VNG-R dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/10 02:58
End of Day Share Price	2025/05/09 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vanachai Group Public Company Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Prasit Rattanakijkamol	Asia Plus Securities Company Limited
Narumon Ekasamut	Bualuang Securities PCL
Apichat Poobunjirdkul	Tisco Securities Co. Ltd.