Reported Earnings • May 19
First quarter 2026 earnings released: ฿0.077 loss per share (vs ฿0.12 loss in 1Q 2025) First quarter 2026 results: ฿0.077 loss per share (improved from ฿0.12 loss in 1Q 2025). Revenue: ฿850.9m (up 8.5% from 1Q 2025). Net loss: ฿45.6m (loss narrowed 37% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Mar 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿587.0m market cap, or US$18.5m). Reported Earnings • Mar 02
Full year 2025 earnings released: ฿0.59 loss per share (vs ฿0.016 loss in FY 2024) Full year 2025 results: ฿0.59 loss per share (further deteriorated from ฿0.016 loss in FY 2024). Revenue: ฿2.87b (down 27% from FY 2024). Net loss: ฿348.8m (loss widened ฿339.3m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Pranda Jewelry Public Company Limited, Annual General Meeting, Apr 27, 2026 Pranda Jewelry Public Company Limited, Annual General Meeting, Apr 27, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 14
Third quarter 2025 earnings released: ฿0.22 loss per share (vs ฿0.15 loss in 3Q 2024) Third quarter 2025 results: ฿0.22 loss per share (further deteriorated from ฿0.15 loss in 3Q 2024). Revenue: ฿671.8m (down 38% from 3Q 2024). Net loss: ฿133.1m (loss widened 46% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings released: ฿0.14 loss per share (vs ฿0.086 profit in 2Q 2024) Second quarter 2025 results: ฿0.14 loss per share (down from ฿0.086 profit in 2Q 2024). Revenue: ฿617.9m (down 26% from 2Q 2024). Net loss: ฿83.3m (down 263% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings have declined by 2.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (฿776.7m market cap, or US$23.9m). Buy Or Sell Opportunity • Jul 29
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to ฿1.37. The fair value is estimated to be ฿1.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 08
Now 23% overvalued Over the last 90 days, the stock has fallen 14% to ฿1.40. The fair value is estimated to be ฿1.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 14
First quarter 2025 earnings released: ฿0.12 loss per share (vs ฿0.065 loss in 1Q 2024) First quarter 2025 results: ฿0.12 loss per share (further deteriorated from ฿0.065 loss in 1Q 2024). Revenue: ฿784.2m (down 30% from 1Q 2024). Net loss: ฿71.9m (loss widened 86% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 21 May 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (5.4%). Declared Dividend • Mar 01
Dividend of ฿0.10 announced Dividend of ฿0.10 is the same as last year. Ex-date: 30th April 2025 Payment date: 21st May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (157% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control, which is more than the 43% EPS growth achieved over the last 5 years. Announcement • Mar 01
Pranda Jewelry Public Company Limited Proposes Dividend, Payable on May 21, 2025 Pranda Jewelry Public Company Limited proposed Cash dividend payment THB 0.10 per share, Par value THB 1.00. Record date for the right to receive dividends May 2, 2025, Ex-dividend date 30-April-2025 and Payment date 21-May-2025. New Risk • Feb 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 157% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿1.02b market cap, or US$29.8m). Announcement • Feb 28
Pranda Jewelry Public Company Limited, Annual General Meeting, Apr 23, 2025 Pranda Jewelry Public Company Limited, Annual General Meeting, Apr 23, 2025, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 17
Third quarter 2024 earnings released: ฿0.15 loss per share (vs ฿0.01 profit in 3Q 2023) Third quarter 2024 results: ฿0.15 loss per share (down from ฿0.01 profit in 3Q 2023). Revenue: ฿1.09b (up 15% from 3Q 2023). Net loss: ฿91.5m (down ฿97.6m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% 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 14
Second quarter 2024 earnings released: EPS: ฿0.086 (vs ฿0.057 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.086 (up from ฿0.057 loss in 2Q 2023). Revenue: ฿837.7m (up 23% from 2Q 2023). Net income: ฿51.2m (up ฿84.8m from 2Q 2023). Profit margin: 6.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2024 earnings released: ฿0.065 loss per share (vs ฿0.043 loss in 1Q 2023) First quarter 2024 results: ฿0.065 loss per share (further deteriorated from ฿0.043 loss in 1Q 2023). Revenue: ฿1.12b (up 62% from 1Q 2023). Net loss: ฿38.6m (loss widened 51% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (3.8%). Declared Dividend • Feb 29
Dividend of ฿0.10 announced Shareholders will receive a dividend of ฿0.10. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: ฿0.11 (vs ฿0.23 in FY 2022) Full year 2023 results: EPS: ฿0.11 (down from ฿0.23 in FY 2022). Revenue: ฿3.45b (down 4.6% from FY 2022). Net income: ฿63.5m (down 53% from FY 2022). Profit margin: 1.8% (down from 3.7% in FY 2022). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.13 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.01 (down from ฿0.13 in 3Q 2022). Revenue: ฿944.6m (down 8.5% from 3Q 2022). Net income: ฿6.14m (down 92% from 3Q 2022). Profit margin: 0.6% (down from 7.2% 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 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 29
Pranda Jewelry Public Company Limited Announces Director Changes Pranda Jewelry Public Company Limited at its Board of Directors meeting Acknowledged the resignation of Mrs. Surat Sirijansawang from the position of an Independent Director, Chairman of Audit Committee and Chairman of Nomination and Remuneration Committee due to personal mission with effect from 28 September 2023 onwards, and approved the appointment of Dr. Jiraporn Popairoj, a new director to replace Mrs. Surat Sirijansawang, to the position of Independent Director, Chairman of Audit Committee and Chairman of Nomination and Remuneration Committee with effect from 28 September 2023 onwards. The audit committee is consisted of: Chairman of the audit committee; Dr. Jiraporn Popairoj, Member of the audit committee; Mrs. Rawittha Pongnuchit, Member of the audit committee; Mr. Chakrit Theepakornsukkasame, Secretary of the audit committee; Ms.Wanwisa Sinsuriwong. New Risk • Aug 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (฿1.21b market cap, or US$34.4m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: ฿0.057 loss per share (vs ฿0.12 profit in 2Q 2022) Second quarter 2023 results: ฿0.057 loss per share (down from ฿0.12 profit in 2Q 2022). Revenue: ฿669.3m (down 24% from 2Q 2022). Net loss: ฿33.6m (down 146% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 20
Upcoming dividend of ฿0.11 per share at 3.8% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿3.06, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 22x in the Luxury industry in Thailand. Total returns to shareholders of 147% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chamnong Watanagase was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improved over the past week After last week's 23% share price gain to ฿3.54, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the Luxury industry in Thailand. Total returns to shareholders of 157% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.14 (vs ฿0.10 loss in 2Q 2021) Second quarter 2022 results: EPS: ฿0.14 (up from ฿0.10 loss in 2Q 2021). Revenue: ฿884.2m (up 63% from 2Q 2021). Net income: ฿73.0m (up ฿129.9m from 2Q 2021). Profit margin: 8.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: ฿0.009 loss per share (vs ฿0.095 profit in 1Q 2021) First quarter 2022 results: ฿0.009 loss per share (down from ฿0.095 profit in 1Q 2021). Revenue: ฿752.3m (up 49% from 1Q 2021). Net loss: ฿4.83m (down 110% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chamnong Wattanagase was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 20
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (3.5%). Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Rawittha Pongnuchit was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 25% share price gain to ฿3.00, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 16x in the Luxury industry in Thailand. Total returns to shareholders of 35% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.11 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿835.0m (up 35% from 3Q 2020). Net income: ฿85.4m (up 53% from 3Q 2020). Profit margin: 10% (up from 9.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 16% share price gain to ฿2.58, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 16x in the Luxury industry in Thailand. Total returns to shareholders of 5.4% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.095 (vs ฿0.063 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿516.8m (down 14% from 1Q 2020). Net income: ฿50.9m (up ฿81.1m from 1Q 2020). Profit margin: 9.8% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 21
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 19 May 2021. Trailing yield: 5.3%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (3.5%). Reported Earnings • Mar 02
Full year 2020 earnings released: ฿0.19 loss per share (vs ฿0.52 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ฿2.50b (down 17% from FY 2019). Net loss: ฿95.1m (loss narrowed 61% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 24% per year. Is New 90 Day High Low • Jan 06
New 90-day low: ฿1.28 The company is down 14% from its price of ฿1.48 on 08 October 2020. The Thai market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: ฿1.33 The company is down 10.0% from its price of ฿1.47 on 22 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 5.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.11 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿629.6m (down 24% from 3Q 2019). Net income: ฿55.9m (up ฿61.4m from 3Q 2019). Profit margin: 8.9% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.