Thanulux Past Earnings Performance

Past criteria checks 4/6

Thanulux has been growing earnings at an average annual rate of 29.2%, while the Luxury industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 6.8% per year. Thanulux's return on equity is 4.9%, and it has net margins of 20.3%.

Key information

29.2%

Earnings growth rate

5.9%

EPS growth rate

Luxury Industry Growth	3.1%
Revenue growth rate	6.8%
Return on equity	4.9%
Net Margin	20.3%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Thanulux makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:TNL Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2,475	503	813
30 Sep 23	2,295	521	618
30 Jun 23	2,182	291	611
31 Mar 23	2,001	194	564
31 Dec 22	1,823	102	567
30 Sep 22	1,775	88	491
30 Jun 22	1,560	63	428
31 Mar 22	1,421	65	398
31 Dec 21	1,346	63	385
30 Sep 21	1,240	47	393
30 Jun 21	1,192	17	393
31 Mar 21	1,080	12	382
31 Dec 20	1,133	11	395
30 Sep 20	1,255	0	409
30 Jun 20	1,404	38	429
31 Mar 20	1,604	85	456
31 Dec 19	1,643	90	459
30 Sep 19	1,663	169	449
30 Jun 19	1,712	187	447
31 Mar 19	1,753	169	458
31 Dec 18	1,787	196	460
30 Sep 18	1,830	166	469
30 Jun 18	1,844	162	482
31 Mar 18	1,851	154	478
31 Dec 17	1,868	152	476
30 Sep 17	1,906	161	468
30 Jun 17	1,952	187	469
31 Mar 17	1,998	202	477
31 Dec 16	2,017	205	483
30 Sep 16	2,033	187	496
30 Jun 16	2,049	163	506
31 Mar 16	2,074	183	504
31 Dec 15	2,087	173	496
30 Sep 15	2,107	189	492
30 Jun 15	2,133	191	483
31 Mar 15	2,178	196	479
31 Dec 14	2,200	208	478
30 Sep 14	2,194	224	472
30 Jun 14	2,193	206	464
31 Mar 14	2,248	206	465
31 Dec 13	2,347	207	461
30 Sep 13	2,530	214	467
30 Jun 13	2,613	259	467

Quality Earnings: TNL has a high level of non-cash earnings.

Growing Profit Margin: TNL's current net profit margins (20.3%) are higher than last year (5.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TNL's earnings have grown significantly by 29.2% per year over the past 5 years.

Accelerating Growth: TNL's earnings growth over the past year (391.9%) exceeds its 5-year average (29.2% per year).

Earnings vs Industry: TNL earnings growth over the past year (391.9%) exceeded the Luxury industry -7.4%.

Thanulux Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: ฿1.76 (vs ฿0.87 in FY 2022)

Third quarter 2023 earnings released: EPS: ฿0.87 (vs ฿0.30 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.39 (vs ฿0.18 in 2Q 2022)

Third quarter 2022 earnings released: EPS: ฿0.30 (vs ฿0.09 in 3Q 2021)

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.17 loss in 3Q 2020)

Recent updates

Upcoming dividend of ฿0.30 per share

Dividend increased to ฿0.30

Thanulux Public Company Limited Proposes Dividend for the Year 2023, Payable on May 20, 2024

Full year 2023 earnings released: EPS: ฿1.76 (vs ฿0.87 in FY 2022)

New major risk - Earnings quality

Third quarter 2023 earnings released: EPS: ฿0.87 (vs ฿0.30 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.39 (vs ฿0.18 in 2Q 2022)

Thanulux Public Company Limited Announces Management Changes

Investor sentiment improves as stock rises 25%

Thanulux Public Company Limited Appoints Miss Rude Tarudeeyataworn as Chief Accountant

Upcoming dividend of ฿0.20 per share at 0.6% yield

Thanulux Public Company Limited Announces Management Changes

Thanulux Public Company Limited Announces Executive Changes

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ฿0.30 (vs ฿0.09 in 3Q 2021)

Thanulux Public Company Limited (SET:TNL) agreed to acquire 50% stake in Phraram 9 Alliance Company Limited from U City Public Company Limited (SET:U) for THB 6.75 million.

Investor sentiment improved over the past week

Thanulux Public Company Limited Announces Executive Changes

Thanulux Public Company Limited Announces Resignation of Nipon Poapongsakorn as Director and Audit Committee Member

Investor sentiment improved over the past week

Upcoming dividend of ฿0.50 per share

Less than half of directors are independent

Thanulux Public Company Limited, Annual General Meeting, Apr 26, 2022

Thanulux Public Company Limited Proposes Dividend for the Year 2021, Payable on May 25, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.17 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.17 in 2Q 2020)

Less than half of directors are independent

Independent Director has left the company

First quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.14 in 1Q 2020)

Upcoming dividend of ฿0.07 per share

Thanulux Public Company Limited, Annual General Meeting, Apr 27, 2021

Thanulux Public Company Limited Announces Director Changes

Third quarter 2020 earnings released: ฿0.17 loss per share

New 90-day high - ฿21.10

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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