Reported Earnings • May 16
First quarter 2026 earnings: EPS in line with expectations, revenues disappoint First quarter 2026 results: EPS: ฿0.11 (in line with 1Q 2025). Revenue: ฿720.0m (up 7.7% from 1Q 2025). Net income: ฿229.4m (up 1.5% from 1Q 2025). Profit margin: 32% (down from 34% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.0%). Major Estimate Revision • Apr 07
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ฿3.40b to ฿3.05b. EPS estimate fell from ฿0.505 to ฿0.45 per share. Net income forecast to grow 7.5% next year vs 12% growth forecast for Consumer Finance industry in Thailand. Consensus price target down from ฿4.83 to ฿4.24. Share price was steady at ฿3.26 over the past week. Price Target Changed • Apr 01
Price target decreased by 18% to ฿4.24 Down from ฿5.16, the current price target is an average from 3 analysts. New target price is 27% above last closing price of ฿3.34. Stock is down 14% over the past year. The company is forecast to post earnings per share of ฿0.45 for next year compared to ฿0.42 last year. Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: ฿0.42 (vs ฿0.40 in FY 2024) Full year 2025 results: EPS: ฿0.42 (up from ฿0.40 in FY 2024). Revenue: ฿2.74b (up 7.8% from FY 2024). Net income: ฿881.1m (up 4.8% from FY 2024). Profit margin: 32% (in line with FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 20
Dividend increased to ฿0.20 Dividend of ฿0.20 is 11% higher than last year. Ex-date: 29th April 2026 Payment date: 20th May 2026 Dividend yield will be 5.3%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 11% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: ฿0.11 (up from ฿0.10 in 3Q 2024). Revenue: ฿698.8m (up 7.6% from 3Q 2024). Net income: ฿223.8m (up 4.0% from 3Q 2024). Profit margin: 32% (down from 33% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 10.0%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 03
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ฿3.56. The fair value is estimated to be ฿4.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.9%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Buy Or Sell Opportunity • Aug 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ฿3.58. The fair value is estimated to be ฿4.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.9%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ฿0.10 (up from ฿0.096 in 2Q 2024). Revenue: ฿696.1m (up 13% from 2Q 2024). Net income: ฿219.8m (up 10% from 2Q 2024). Profit margin: 32% (in line with 2Q 2024). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 9.1%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to ฿3.70. The fair value is estimated to be ฿4.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Buy Or Sell Opportunity • May 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to ฿3.96. The fair value is estimated to be ฿4.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Reported Earnings • May 14
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 1Q 2024). Revenue: ฿728.6m (up 23% from 1Q 2024). Net income: ฿226.0m (up 16% from 1Q 2024). Profit margin: 31% (down from 33% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10.0%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Saksiam Leasing Public Company Limited Approves the Dividend for the Year 2024, Payable on May 20, 2025 Saksiam Leasing Public Company Limited at the Annual General Meeting of Shareholder held on April 22, 2025, approved the dividend payment for the operating results for the year 2024 in the amount of THB 377,280,000 at the rate of THB 0.18 per share. The record date to determine the list of shareholders entitled to receive the dividend is scheduled for April 30, 2025, and the distribution of dividend will be made on May 20, 2025. Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.18 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (2.4%). Price Target Changed • Apr 09
Price target decreased by 9.4% to ฿5.49 Down from ฿6.06, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ฿3.58. Stock is down 30% over the past year. The company is forecast to post earnings per share of ฿0.45 for next year compared to ฿0.40 last year. Buy Or Sell Opportunity • Apr 08
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ฿3.68. The fair value is estimated to be ฿4.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Declared Dividend • Feb 13
Dividend increased to ฿0.18 Dividend of ฿0.18 is 20% higher than last year. Ex-date: 29th April 2025 Payment date: 20th May 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 12
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ฿0.40 (up from ฿0.36 in FY 2023). Revenue: ฿2.73b (up 20% from FY 2023). Net income: ฿840.8m (up 12% from FY 2023). Profit margin: 31% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ฿5.60. The fair value is estimated to be ฿4.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Buy Or Sell Opportunity • Sep 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to ฿5.75. The fair value is estimated to be ฿4.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2024 results: EPS: ฿0.10 (up from ฿0.086 in 2Q 2023). Revenue: ฿616.2m (up 11% from 2Q 2023). Net income: ฿199.7m (up 11% from 2Q 2023). Profit margin: 32% (in line with 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 26
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ฿4.94. The fair value is estimated to be ฿4.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 6.8%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Buy Or Sell Opportunity • May 16
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ฿5.25. The fair value is estimated to be ฿4.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.083 in 1Q 2023) First quarter 2024 results: EPS: ฿0.09 (up from ฿0.083 in 1Q 2023). Revenue: ฿634.7m (up 18% from 1Q 2023). Net income: ฿195.4m (up 12% from 1Q 2023). Profit margin: 31% (down from 32% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿4.96, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Finance industry in Thailand. Total loss to shareholders of 53% over the past three years. Declared Dividend • Feb 17
Dividend increased to ฿0.15 Dividend of ฿0.15 is 9.5% higher than last year. Ex-date: 29th April 2024 Payment date: 17th May 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 15
Saksiam Leasing Public Company Limited, Annual General Meeting, Apr 19, 2024 Saksiam Leasing Public Company Limited, Annual General Meeting, Apr 19, 2024, at 10:00 SE Asia Standard Time. Location: Chetsada Bodin Road., Tha It Sub-District, Muang Uttaradit District Uttaradit Thailand Agenda: To consider acknowledging the Company's operating results for the year 23; to consider approving the financial statements for the fiscal year ended December 31, 2023; to consider and approving the allocation of net profits as a legal reserve and dividend payment for the operating results for the year 2023; to consider and approving the reappointment of directors to replace those who are due to retire by rotation; and to consider other business matters. Reported Earnings • Feb 15
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ฿0.36 (up from ฿0.34 in FY 2022). Revenue: ฿2.27b (up 12% from FY 2022). Net income: ฿750.0m (up 5.3% from FY 2022). Profit margin: 33% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Saksiam Leasing Public Company Limited Proposes Dividend from 01-Jan-2023 to 31-Dec-2023, Payable on May 17, 2024 Saksiam Leasing Public Company Limited proposed dividend of THB 0.15 per share January 1, 2023 to December 31, 2023. Record date for the right to receive dividends April 30, 2024. Ex-dividend date April 29, 2024. Payment date May 17, 2024. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.082 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.09 (up from ฿0.082 in 3Q 2022). Revenue: ฿579.3m (up 12% from 3Q 2022). Net income: ฿186.6m (up 8.8% from 3Q 2022). Profit margin: 32% (in line with 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Consumer Finance industry in Thailand. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.079 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.09 (up from ฿0.079 in 2Q 2022). Revenue: ฿555.9m (up 14% from 2Q 2022). Net income: ฿180.1m (up 8.3% from 2Q 2022). Profit margin: 32% (down from 34% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Finance industry in Thailand. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿6.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Consumer Finance industry in Thailand. Total loss to shareholders of 24% over the past year. Upcoming Dividend • Apr 20
Upcoming dividend of ฿0.14 per share at 2.2% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿7.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Consumer Finance industry in Thailand. Total loss to shareholders of 28% over the past year. Announcement • Jan 26
Saksiam Leasing Public Company Limited Announces Board Changes Saksiam Leasing Public Company Limited announced that Mr. Siwaphong Boonsalee resigned from his position as a Chairman of the Executive Director of the Company due to the increasing number of missions which may affect the performance of the Company as a Chairman of the Executive Director of the Company. The resignation will be effective from 6, 2023 onwards. However, Mr. Siwaphong Boonsalee remains in the position of Managing Director of the Company. In this regard, the meeting of the Board of Directors No. 1/2023 held on January 5, 2023 resolved to appoint the Chairman of the Executive Director replacing the resigned person as the following detail: Currently Mr. Siwaphong Boonsalee Chairman of the Executive Director /Managing Director. New Mr. Phoonsak Boonsalee Chairman of the Executive Director, Mr. Siwaphong Boonsalee Managing Director. The appointment of the Chairman of the Executive Director will be effective from 6, 2023 onwards. Price Target Changed • Dec 15
Price target decreased to ฿8.00 Down from ฿9.30, the current price target is provided by 1 analyst. New target price is 28% above last closing price of ฿6.25. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.30 for next year compared to ฿0.29 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Chairman of the Board Suphot Singhasaneh was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.079 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.08 (up from ฿0.079 in 3Q 2021). Revenue: ฿517.5m (up 18% from 3Q 2021). Net income: ฿171.5m (up 3.0% from 3Q 2021). Profit margin: 33% (down from 38% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Consumer Finance industry in Thailand. Price Target Changed • Oct 21
Price target decreased to ฿9.30 Down from ฿11.40, the current price target is an average from 3 analysts. New target price is 39% above last closing price of ฿6.70. Stock is down 15% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.29 last year. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: EPS: ฿0.079 (up from ฿0.065 in 2Q 2021). Revenue: ฿489.9m (up 20% from 2Q 2021). Net income: ฿166.4m (up 21% from 2Q 2021). Profit margin: 34% (in line with 2Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 41%, compared to a 36% growth forecast for the Consumer Finance industry in Thailand. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Chairman of the Board Suphot Singhasaneh was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 20
Upcoming dividend of ฿0.12 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: ฿0.29 (down from ฿0.35 in FY 2020). Revenue: ฿1.68b (up 13% from FY 2020). Net income: ฿607.5m (up 8.1% from FY 2020). Profit margin: 36% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 30%, compared to a 32% growth forecast for the industry in Thailand. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ฿0.079 (vs ฿0.10 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿439.1m (up 12% from 3Q 2020). Net income: ฿166.4m (up 6.6% from 3Q 2020). Profit margin: 38% (down from 40% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS ฿0.065 (vs ฿0.10 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿408.4m (up 4.4% from 2Q 2020). Net income: ฿137.1m (down 12% from 2Q 2020). Profit margin: 34% (down from 40% in 2Q 2020). The decrease in margin was driven by higher expenses. Executive Departure • Aug 05
Accounting Manager Sirima Upthambhakul has left the company On the 31st of July, Sirima Upthambhakul's tenure as Accounting Manager ended. We don't have any record of a personal shareholding under Sirima's name. Sirima is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to ฿10.30, the stock trades at a trailing P/E ratio of 29.3x, up from the previous P/E ratio of 25.4x. Average P/E is 19x in the Consumer Finance industry in Thailand. Is New 90 Day High Low • Mar 13
New 90-day high: ฿9.90 The company is up 7.0% from its price of ฿9.25 on 09 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.67 per share. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS ฿0.35 (vs ฿0.23 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.49b (up 12% from FY 2019). Net income: ฿561.9m (up 62% from FY 2019). Profit margin: 38% (up from 26% in FY 2019). The increase in margin was primarily driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 16%, compared to a 32% growth forecast for the Consumer Finance industry in Thailand. 
