Sappe Past Earnings Performance

Past criteria checks 5/6

Sappe has been growing earnings at an average annual rate of 28.7%, while the Food industry saw earnings growing at 11.1% annually. Revenues have been growing at an average rate of 17.4% per year. Sappe's return on equity is 31.1%, and it has net margins of 18.2%.

Key information

28.7%

Earnings growth rate

28.3%

EPS growth rate

Food Industry Growth	17.6%
Revenue growth rate	17.4%
Return on equity	31.1%
Net Margin	18.2%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

SET:SAPPE Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	6,860	1,250	1,770
31 Mar 24	6,492	1,152	1,624
31 Dec 23	6,143	1,074	1,519
30 Sep 23	5,975	1,061	1,383
30 Jun 23	5,633	920	1,346
31 Mar 23	5,275	775	1,373
31 Dec 22	4,861	653	1,370
30 Sep 22	4,697	554	1,407
30 Jun 22	4,424	518	1,358
31 Mar 22	4,050	478	1,241
31 Dec 21	3,682	411	1,079
30 Sep 21	3,618	438	955
30 Jun 21	3,487	429	850
31 Mar 21	3,243	385	756
31 Dec 20	3,315	380	749
30 Sep 20	3,328	347	771
30 Jun 20	3,208	317	782
31 Mar 20	3,427	370	798
31 Dec 19	3,369	403	781
30 Sep 19	3,198	403	754
30 Jun 19	3,011	368	684
31 Mar 19	2,934	350	661
31 Dec 18	2,864	352	649
30 Sep 18	2,850	379	606
30 Jun 18	2,938	424	622
31 Mar 18	2,936	470	630
31 Dec 17	2,724	401	606
30 Sep 17	2,742	421	654
30 Jun 17	2,670	403	673
31 Mar 17	2,648	391	712
31 Dec 16	2,746	410	770
30 Sep 16	2,737	350	786
30 Jun 16	2,610	315	769
31 Mar 16	2,586	288	744
31 Dec 15	2,552	301	692
30 Sep 15	2,542	294	682
30 Jun 15	2,765	327	719
31 Mar 15	2,634	299	685
31 Dec 14	2,849	361	679
30 Sep 14	2,756	350	637
30 Jun 14	2,758	324	623
31 Mar 14	2,714	259	621
31 Dec 13	2,408	143	601

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

Growing Profit Margin: SAPPE's current net profit margins (18.2%) are higher than last year (16.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SAPPE's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: SAPPE's earnings growth over the past year (36%) exceeds its 5-year average (28.7% per year).

Earnings vs Industry: SAPPE earnings growth over the past year (36%) exceeded the Food industry 32.1%.

Sappe Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First quarter 2024 earnings released: EPS: ฿1.14 (vs ฿0.89 in 1Q 2023)

Full year 2023 earnings: EPS and revenues miss analyst expectations

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Second quarter 2023 earnings released: EPS: ฿1.01 (vs ฿0.54 in 2Q 2022)

Third quarter 2022 earnings released: EPS: ฿0.58 (vs ฿0.46 in 3Q 2021)

Recent updates

Price target decreased by 11% to ฿101

Investor sentiment deteriorates as stock falls 20%

Now 25% undervalued after recent price drop

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 21% undervalued

New major risk - Earnings quality

Price target increased by 7.7% to ฿110

First quarter 2024 earnings released: EPS: ฿1.14 (vs ฿0.89 in 1Q 2023)

Sappe Public Company Limited Appoints Niratchara Siriamphunkul as Member of the Audit Committee

Upcoming dividend of ฿2.18 per share

Sappe Public Company Limited, Annual General Meeting, Apr 18, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 23% undervalued

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued

Now 20% undervalued

Now 20% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: ฿1.01 (vs ฿0.54 in 2Q 2022)

Price target increased by 8.6% to ฿91.55

Consensus EPS estimates increase by 10%

Price target increased by 7.1% to ฿69.11

Investor sentiment improves as stock rises 17%

Price target increased by 9.8% to ฿67.35

Price target increased by 7.0% to ฿63.84

Third quarter 2022 earnings released: EPS: ฿0.58 (vs ฿0.46 in 3Q 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ฿0.58 (vs ฿0.46 in 3Q 2021)

Price target increased to ฿51.38

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Sappe Public Company Limited Announces Resignation of Kunnigar Triyangkulsri as Independent Director and Audit Committee

Price target increased to ฿42.83

Investor sentiment improved over the past week

Price target increased to ฿38.75

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ฿1.10 per share

Insufficient new directors

Consensus forecasts updated

Full year 2021 earnings: Revenues in line with analyst expectations

Third quarter 2021 earnings released: EPS ฿0.47 (vs ฿0.44 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.42 (vs ฿0.27 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.27 in 1Q 2020)

Upcoming dividend of ฿1.02 per share

Price target increased to ฿30.00

Investor sentiment improved over the past week

Sappe Public Company Limited, Annual General Meeting, Apr 29, 2021

Full year 2020 earnings released: EPS ฿1.25 (vs ฿1.32 in FY 2019)

New 90-day high: ฿24.50

New 90-day low: ฿19.30

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS ฿0.44

Price target raised to ฿25.50

Price target raised to ฿25.00

New 90-day high: ฿21.90

Price target raised to ฿23.50

New 90-day high - ฿20.30

First half earnings released

New 90-day low - ฿16.60

Revenue & Expenses Breakdown

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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