Price Target Changed • May 17
Price target decreased by 9.0% to ฿12.20 Down from ฿13.40, the current price target is an average from 2 analysts. New target price is 9.9% above last closing price of ฿11.10. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of ฿0.93 for next year compared to ฿0.96 last year. Reported Earnings • May 16
Third quarter 2026 earnings released: EPS: ฿0.22 (vs ฿0.24 in 3Q 2025) Third quarter 2026 results: EPS: ฿0.22 (down from ฿0.24 in 3Q 2025). Revenue: ฿1.11b (up 2.7% from 3Q 2025). Net income: ฿176.3m (down 6.5% from 3Q 2025). Profit margin: 16% (down from 17% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 14
MC Group Public Company Limited to Report Q3, 2026 Results on May 14, 2026 MC Group Public Company Limited announced that they will report Q3, 2026 results Pre-Market on May 14, 2026 Reported Earnings • Feb 16
Second quarter 2026 earnings released: EPS: ฿0.37 (vs ฿0.39 in 2Q 2025) Second quarter 2026 results: EPS: ฿0.37 (down from ฿0.39 in 2Q 2025). Revenue: ฿1.50b (up 13% from 2Q 2025). Net income: ฿296.5m (down 2.7% from 2Q 2025). Profit margin: 20% (down from 23% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 15
First half dividend of ฿0.52 announced Shareholders will receive a dividend of ฿0.52. Ex-date: 26th February 2026 Payment date: 12th March 2026 Dividend yield will be 7.7%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has increased by an average of 1.8% 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 grow by 13% to bring the payout ratio under control. EPS is expected to grow by 22% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 12
First quarter 2026 earnings released: EPS: ฿0.15 (vs ฿0.17 in 1Q 2025) First quarter 2026 results: EPS: ฿0.15 (down from ฿0.17 in 1Q 2025). Revenue: ฿912.4m (up 4.0% from 1Q 2025). Net income: ฿122.5m (down 7.6% from 1Q 2025). Profit margin: 13% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 28
Upcoming dividend of ฿0.41 per share Eligible shareholders must have bought the stock before 04 November 2025. Payment date: 25 November 2025. Payout ratio and cash payout ratio are on the higher end at 100% and 75% respectively. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (7.4%). Reported Earnings • Aug 31
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ฿0.96 (up from ฿0.90 in FY 2024). Revenue: ฿4.21b (up 2.6% from FY 2024). Net income: ฿760.4m (up 6.6% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
MC Group Public Company Limited Announces Chief Executive Officer Changes Mc Group Public Company Limited informed that the Board of Directors' Extraordinary Meeting held on 20 June 2025, has passed the following resolutions regarding the position of Chief Executive Officer (CEO) of the Company: End of the current CEO's tenure: The meeting acknowledged the end of Mr. James Richard Amatavivadhana's tenure as Chief Executive Officer, as per the terms of his employment contract, effective June 30, 2025; Appointment of a new CEO: The meeting resolved to appoint Mr. Matthew Kichodhan as the Chief Executive Officer of the Company, effective from July 1, 2025 onward. Board Change • Jun 01
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. 4 highly experienced directors. Independent Director Siwat Chawareewong was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 15
Third quarter 2025 earnings released: EPS: ฿0.24 (vs ฿0.21 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.24 (up from ฿0.21 in 3Q 2024). Revenue: ฿1.09b (up 8.3% from 3Q 2024). Net income: ฿188.5m (up 14% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 16
First half dividend increased to ฿0.55 Dividend of ฿0.55 is 10% higher than last year. Ex-date: 27th February 2025 Payment date: 13th March 2025 Dividend yield will be 8.7%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 2.1% 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 grow by 13% to bring the payout ratio under control. EPS is expected to grow by 24% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 15
Second quarter 2025 earnings released: EPS: ฿0.39 (vs ฿0.36 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.39 (up from ฿0.36 in 2Q 2024). Revenue: ฿1.35b (up 2.6% from 2Q 2024). Net income: ฿304.5m (up 7.6% from 2Q 2024). Profit margin: 23% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
MC Group Public Company Limited Declares Interim Dividend for the Period from July 1, 2024 to December 31, 2024, Payable on March 13, 2025 The board of directors of MC Group Public Company Limited declared interim dividend of THB 0.55 per share for the period from July 1, 2024 to December 31, 2024. Record date for the right to receive dividends: February 28, 2025. Ex-dividend date: February 27, 2025. Payment date: March 13, 2025. Date of Board resolution: February 13, 2025. Reported Earnings • Nov 15
First quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.16 in 1Q 2024) First quarter 2025 results: EPS: ฿0.17 (up from ฿0.16 in 1Q 2024). Revenue: ฿877.9m (down 1.8% from 1Q 2024). Net income: ฿132.6m (up 2.8% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 24
Upcoming dividend of ฿0.40 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 22 November 2024. Payout ratio and cash payout ratio are on the higher end at 100% and 82% respectively. Trailing yield: 7.1%. Within top quartile of Thai dividend payers (6.5%). Higher than average of industry peers (4.2%). Declared Dividend • Aug 29
Final dividend increased to ฿0.40 Dividend of ฿0.40 is 11% higher than last year. Ex-date: 31st October 2024 Payment date: 22nd November 2024 Dividend yield will be 7.9%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 1.7% 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 grow by 8.9% to bring the payout ratio under control. EPS is expected to grow by 26% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Aug 29
MC Group Public Company Limited, Annual General Meeting, Oct 25, 2024 MC Group Public Company Limited, Annual General Meeting, Oct 25, 2024, at 10:00 SE Asia Standard Time. Reported Earnings • Aug 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ฿0.90 (up from ฿0.81 in FY 2023). Revenue: ฿4.11b (up 11% from FY 2023). Net income: ฿713.2m (up 11% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 2.3%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 27
MC Group Public Company Limited Proposes Dividend for the Period from July 1, 2023 to June 30, 2024, Payable on November 22, 2024 MC GROUP Public Company Limited announced that the Board of Directors meeting held on 26 August 2024, proposed to the annual general meeting to be held on October 25, 2024, the dividend payment from the company's operating results of the year 2024 (July 1, 2023 - June 30, 2024) with consideration of its consolidated net profit at the rate of THB 0.90 per share in total. In this regard, the Company already paid the interim dividend to shareholders at THB 0.50 per share on March 12, 2024. Therefore, the remaining dividend payment will be THB 0.40 per share which will be paid to the shareholders entitled to receive dividend in accordance with the company's Articles of Association, of record date as of November 1, 2024 (The SET shall post the "XD" sign or the date on which the purchasers of securities shall have no rights to receive dividend on October 31, 2024). The dividend shall be payable on November 22, 2024 and the receipt of such dividend shall be within 10 years. Price Target Changed • Aug 14
Price target decreased by 7.8% to ฿14.10 Down from ฿15.30, the current price target is an average from 3 analysts. New target price is 43% above last closing price of ฿9.85. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿0.88 for next year compared to ฿0.81 last year. Reported Earnings • May 15
Third quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.21 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.21 (up from ฿0.21 in 3Q 2023). Revenue: ฿1.00b (up 4.1% from 3Q 2023). Net income: ฿164.7m (flat on 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of ฿0.50 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 12 March 2024. Payout ratio and cash payout ratio are on the higher end at 98% and 77% respectively. Trailing yield: 6.0%. Lower than top quartile of Thai dividend payers (6.6%). Higher than average of industry peers (3.9%). Declared Dividend • Feb 16
First half dividend increased to ฿0.50 Dividend of ฿0.50 is 11% higher than last year. Ex-date: 28th February 2024 Payment date: 12th March 2024 Dividend yield will be 6.1%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has increased by an average of 4.9% 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 grow by 2.8% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: ฿0.36 (vs ฿0.31 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.36 (up from ฿0.31 in 2Q 2023). Revenue: ฿1.32b (up 18% from 2Q 2023). Net income: ฿283.0m (up 15% from 2Q 2023). Profit margin: 22% (in line with 2Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
MC Group Public Company Limited Announces Cash Dividend for the Period from July 1, 2023 to December 31, 2023, Payable on March 12, 2024 MC Group Public Company Limited announced a cash dividend of THB 0.50 per share for the period from July 1, 2023 to December 31, 2023. The record date for the right to receive dividends of Feb. 29, 2024 and ex-dividend date is on Feb. 28, 2024. The payment date is on March 12, 2024. Reported Earnings • Nov 11
First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2024 results: EPS: ฿0.16 (up from ฿0.15 in 1Q 2023). Revenue: ฿894.4m (up 17% from 1Q 2023). Net income: ฿129.1m (up 12% from 1Q 2023). Profit margin: 14% (in line with 1Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
MC Group Public Company Limited Approves the Distribution of Interim Dividend, Payable on 24 November 2023 MC Group Public Company Limited to approve the distribution of interim dividend to shareholders at THB 0.45 per share on March 9, 2023. Therefore, the remaining final dividend payment to shareholders must be paid at the rate of THB 0.36 per share. The record date for right to receive dividend would be on November 3, 2023 (Record date). The Stock Exchange of Thailand shall post the "XD" sign or the date on which the buyers of securities shall have no rights to receive dividend on November 2, 2023 while the date of dividend payment will be on 24 November 2023. Upcoming Dividend • Oct 26
Upcoming dividend of ฿0.36 per share at 6.7% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 24 November 2023. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 6.7%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ฿0.81 (up from ฿0.61 in FY 2022). Revenue: ฿3.69b (up 25% from FY 2022). Net income: ฿643.6m (up 33% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be ฿15.18, 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 grown by 13%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 24% in the next 2 years. Reported Earnings • May 18
Third quarter 2023 earnings released: EPS: ฿0.21 (vs ฿0.14 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.21 (up from ฿0.14 in 3Q 2022). Revenue: ฿962.6m (up 30% from 3Q 2022). Net income: ฿163.4m (up 49% from 3Q 2022). Profit margin: 17% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿12.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Asia. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.06 per share. Price Target Changed • May 06
Price target increased by 7.8% to ฿13.88 Up from ฿12.88, the current price target is an average from 4 analysts. New target price is 33% above last closing price of ฿10.40. Stock is up 17% over the past year. The company is forecast to post earnings per share of ฿0.84 for next year compared to ฿0.61 last year. Upcoming Dividend • Feb 15
Upcoming dividend of ฿0.45 per share at 6.1% yield Eligible shareholders must have bought the stock before 22 February 2023. Payment date: 09 March 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (3.4%). Upcoming Dividend • Oct 27
Upcoming dividend of ฿0.28 per share Eligible shareholders must have bought the stock before 03 November 2022. Payment date: 25 November 2022. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of Thai dividend payers (5.6%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ฿0.61 (up from ฿0.56 in FY 2021). Revenue: ฿2.95b (down 9.2% from FY 2021). Net income: ฿485.8m (up 9.0% from FY 2021). Profit margin: 17% (up from 14% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 13%, compared to a 17% growth forecast for the Luxury industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 16
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ฿0.14 (up from ฿0.12 in 3Q 2021). Revenue: ฿742.6m (down 4.9% from 3Q 2021). Net income: ฿109.7m (up 18% from 3Q 2021). Profit margin: 15% (up from 12% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 21%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target increased to ฿11.68 Up from ฿10.68, the current price target is an average from 4 analysts. New target price is 30% above last closing price of ฿9.00. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿0.62 for next year compared to ฿0.56 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Usara Yongpiyakul was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Feb 17
Price target increased to ฿11.68 Up from ฿10.68, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ฿9.90. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of ฿0.62 for next year compared to ฿0.56 last year. Upcoming Dividend • Feb 17
Upcoming dividend of ฿0.32 per share Eligible shareholders must have bought the stock before 24 February 2022. Payment date: 10 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.3%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 13
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: ฿0.29 (up from ฿0.29 in 2Q 2021). Revenue: ฿1.00b (down 12% from 2Q 2021). Net income: ฿230.9m (up 2.0% from 2Q 2021). Profit margin: 23% (up from 20% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 17%, compared to a 32% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
First quarter 2022 earnings released: EPS ฿0.03 (vs ฿0.14 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: ฿443.1m (down 44% from 1Q 2021). Net income: ฿23.6m (down 78% from 1Q 2021). Profit margin: 5.3% (down from 14% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Oct 28
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 04 November 2021. Payment date: 25 November 2021. Trailing yield: 5.9%. Within top quartile of Thai dividend payers (4.7%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 27
Full year 2021 earnings released: EPS ฿0.56 (vs ฿0.51 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ฿3.25b (up 1.1% from FY 2020). Net income: ฿445.7m (up 10% from FY 2020). Profit margin: 14% (up from 13% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Price Target Changed • Aug 10
Price target decreased to ฿11.29 Down from ฿12.15, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ฿9.00. Stock is down 4.3% over the past year. Reported Earnings • May 16
Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.098 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿781.0m (up 4.4% from 3Q 2020). Net income: ฿92.7m (up 20% from 3Q 2020). Profit margin: 12% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ฿9.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Luxury industry in Asia. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿15.96 per share. Is New 90 Day High Low • Mar 09
New 90-day high: ฿11.30 The company is up 10.0% from its price of ฿10.30 on 09 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿13.15 per share. Analyst Estimate Surprise Post Earnings • Feb 17
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.03%. Earnings per share (EPS) missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 14%, compared to a 18% growth forecast for the Luxury industry in Thailand. Price Target Changed • Nov 22
Price target raised to ฿11.78 Up from ฿10.78, the current price target is an average from 4 analysts. The new target price is 8.0% above the current share price of ฿10.90. As of last close, the stock is up 57% over the past year. Is New 90 Day High Low • Nov 17
New 90-day high: ฿11.00 The company is up 18% from its price of ฿9.30 on 19 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿9.45 per share. Reported Earnings • Nov 15
First quarter 2021 earnings released: EPS ฿0.14 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿785.1m (up 2.5% from 1Q 2020). Net income: ฿108.7m (up 76% from 1Q 2020). Profit margin: 14% (up from 8.1% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue behind estimates Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 16% growth forecast for the Luxury industry in Thailand. Major Estimate Revision • Nov 14
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from ฿0.68 to ฿0.76. Revenue estimate for the same period was approximately flat at ฿3.66b. Net income is expected to grow by 50% next year compared to 15% growth forecast for the Luxury industry in Thailand. The consensus price target increased from ฿10.78 to ฿11.28. Share price is up 6.6% to ฿10.50 over the past week. Upcoming Dividend • Oct 29
Upcoming Dividend of ฿0.20 Per Share Will be paid on the 25th of November to those who are registered shareholders by the 5th of November. The trailing yield of 5.3% is below the top quartile of Thai dividend payers (7.1%), but it is higher than industry peers (4.7%). Is New 90 Day High Low • Oct 27
New 90-day high: ฿10.50 The company is up 11% from its price of ฿9.50 on 29 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.38 per share. Is New 90 Day High Low • Oct 06
New 90-day high: ฿10.00 The company is up 2.0% from its price of ฿9.85 on 08 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.22 per share.