Thanapiriya Future Growth

Future criteria checks 2/6

Thanapiriya is forecast to grow earnings and revenue by 7% and 6.9% per annum respectively. EPS is expected to grow by 6.9% per annum. Return on equity is forecast to be 15.4% in 3 years.

Key information

7.0%

Earnings growth rate

6.9%

EPS growth rate

Consumer Retailing earnings growth	19.3%
Revenue growth rate	6.9%
Future return on equity	15.4%
Analyst coverage	Low
Last updated	14 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:TNP - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,282	210	N/A	N/A	1
12/31/2025	3,112	191	289	N/A	2
12/31/2024	2,848	170	266	N/A	1
9/30/2024	2,836	182	122	245	N/A
6/30/2024	2,757	169	75	183	N/A
3/31/2024	2,691	164	127	222	N/A
12/31/2023	2,613	156	112	203	N/A
9/30/2023	2,561	150	70	158	N/A
6/30/2023	2,532	153	122	214	N/A
3/31/2023	2,467	149	29	144	N/A
12/31/2022	2,433	149	-4	112	N/A
9/30/2022	2,478	160	35	165	N/A
6/30/2022	2,433	161	-15	103	N/A
3/31/2022	2,459	171	-28	74	N/A
12/31/2021	2,623	192	116	231	N/A
9/30/2021	2,549	183	132	228	N/A
6/30/2021	2,491	175	132	223	N/A
3/31/2021	2,400	159	154	258	N/A
12/31/2020	2,196	134	74	179	N/A
9/30/2020	2,115	122	42	148	N/A
6/30/2020	2,070	111	26	140	N/A
3/31/2020	2,049	104	76	172	N/A
12/31/2019	1,952	89	58	126	N/A
9/30/2019	1,853	76	32	96	N/A
6/30/2019	1,820	72	86	137	N/A
3/31/2019	1,757	65	80	135	N/A
12/31/2018	1,729	65	56	110	N/A
9/30/2018	1,725	63	38	108	N/A
6/30/2018	1,683	62	N/A	97	N/A
3/31/2018	1,643	62	N/A	66	N/A
12/31/2017	1,598	61	N/A	73	N/A
9/30/2017	1,537	60	N/A	87	N/A
6/30/2017	1,503	59	N/A	41	N/A
3/31/2017	1,477	59	N/A	71	N/A
12/31/2016	1,448	56	N/A	45	N/A
9/30/2016	1,435	56	N/A	38	N/A
6/30/2016	1,397	49	N/A	34	N/A
3/31/2016	1,357	43	N/A	21	N/A
12/31/2015	1,316	39	N/A	21	N/A
9/30/2015	1,266	35	N/A	24	N/A
12/31/2014	1,198	45	N/A	57	N/A
12/31/2013	1,037	17	N/A	6	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNP's forecast earnings growth (7% per year) is above the savings rate (2%).

Earnings vs Market: TNP's earnings (7% per year) are forecast to grow slower than the TH market (17.9% per year).

High Growth Earnings: TNP's earnings are forecast to grow, but not significantly.

Revenue vs Market: TNP's revenue (6.9% per year) is forecast to grow faster than the TH market (6.9% per year).

High Growth Revenue: TNP's revenue (6.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TNP's Return on Equity is forecast to be low in 3 years time (15.4%).

Thanapiriya Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased to ฿6.30

Price target raised to ฿4.30

Analysts update estimates

Recent updates

Investor sentiment improves as stock rises 16%

First half dividend of ฿0.043 announced

Thanapiriya Public Company Limited Announces Cash Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on September 05, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Thanapiriya Public Company Limited Announces Management Changes

Upcoming dividend of ฿0.045 per share

Final dividend of ฿0.045 announced

Thanapiriya Public Company Limited, Annual General Meeting, Apr 20, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Thanapiriya Public Company Limited Proposes Dividend for Operating Period July 1, 2023 to December 31, 2023, Payable on May 24, 2024

Third quarter 2023 earnings released: EPS: ฿0.042 (vs ฿0.046 in 3Q 2022)

Upcoming dividend of ฿0.04 per share at 2.4% yield

Thanapiriya Public Company Limited Announces Interim Dividend for the Period from January 1, 2023 to June 30, 2023, Payable on September 6, 2023

Second quarter 2023 earnings released: EPS: ฿0.047 (vs ฿0.043 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.045 (vs ฿0.045 in 1Q 2022)

Upcoming dividend of ฿0.045 per share at 2.0% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Less than half of directors are independent

Upcoming dividend of ฿0.035 per share

Second quarter 2022 earnings released: EPS: ฿0.043 (vs ฿0.055 in 2Q 2021)

Thanapiriya Public Company Limited Announces Interim Dividend for the Period from January 1, 2022 to June 30, 2022, Payable on September 7, 2022

Price target decreased to ฿6.30

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Upcoming dividend of ฿0.05 per share

Thanapiriya Public Company Limited, Annual General Meeting, Apr 22, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Thanapiriya Public Company Limited Proposes Dividend, Payable on May 20, 2022

Third quarter 2021 earnings released: EPS ฿0.047 (vs ฿0.038 in 3Q 2020)

Upcoming dividend of ฿0.05 per share

Second quarter 2021 earnings released: EPS ฿0.055 (vs ฿0.035 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.071 (vs ฿0.039 in 1Q 2020)

Investor sentiment improved over the past week

Upcoming Dividend of ฿0.04 Per Share

New 90-day high: ฿4.22

Thanapiriya Public Company Limited Announces Executive Appointments

Full year 2020 earnings released: EPS ฿0.17 (vs ฿0.11 in FY 2019)

Revenue and earnings beat expectations

Thanapiriya Public Company Limited, Annual General Meeting, Apr 20, 2021

New 90-day high: ฿4.18

New 90-day high: ฿3.76

Price target raised to ฿4.30

Analysts update estimates

New 90-day high: ฿3.44

Third quarter earnings released

New 90-day high: ฿3.22

Earnings released

New 90-day high - ฿3.04

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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