Reported Earnings • 21h
Second quarter 2026 earnings released: EPS: ฿1.43 (vs ฿0.66 loss in 2Q 2025) Second quarter 2026 results: EPS: ฿1.43 (up from ฿0.66 loss in 2Q 2025). Revenue: ฿93.0m (down 26% from 2Q 2025). Net income: ฿17.2m (up ฿25.2m from 2Q 2025). Profit margin: 19% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% 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. Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ฿2.26 (vs ฿0.94 in 1Q 2025) First quarter 2026 results: EPS: ฿2.26 (up from ฿0.94 in 1Q 2025). Revenue: ฿93.7m (down 17% from 1Q 2025). Net income: ฿27.1m (up 137% from 1Q 2025). Profit margin: 29% (up from 10% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.90 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (5.5%). Reported Earnings • Mar 07
Full year 2025 earnings released: EPS: ฿2.55 (vs ฿0.59 loss in FY 2024) Full year 2025 results: EPS: ฿2.55 (up from ฿0.59 loss in FY 2024). Revenue: ฿465.9m (up 41% from FY 2024). Net income: ฿30.7m (up ฿37.8m from FY 2024). Profit margin: 6.6% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Mar 03
Charan Insurance Public Company Limited announces Annual dividend, payable on May 28, 2026 Charan Insurance Public Company Limited announced Annual dividend of THB 0.9000 per share payable on May 28, 2026, ex-date on May 07, 2026 and record date on May 08, 2026. Announcement • Mar 02
Charan Insurance Public Company Limited, Annual General Meeting, Apr 29, 2026 Charan Insurance Public Company Limited, Annual General Meeting, Apr 29, 2026, at 14:00 SE Asia Standard Time. Location: the company`s conference room on 11th floors, charan insurance building 408/1, ratchadaphisek, road, samsen nok, huaykwang, bangkok 10310, Thailand New Risk • Nov 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 140% The company is paying a dividend despite having no free cash flows. Dividend yield: 11% 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 Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 140% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (฿135.6m market cap, or US$4.17m). Minor Risk Profit margins are more than 30% lower than last year (0.1% net profit margin). Board Change • Nov 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Poodpong Arsingsamanunta was the last independent director to join the board, commencing their role in 2006. 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 • May 19
First quarter 2025 earnings released: EPS: ฿1.32 (vs ฿0.066 in 1Q 2024) First quarter 2025 results: EPS: ฿1.32 (up from ฿0.066 in 1Q 2024). Revenue: ฿112.1m (up 62% from 1Q 2024). Net income: ฿15.9m (up ฿15.1m from 1Q 2024). Profit margin: 14% (up from 1.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Feb 26
Charan Insurance Public Company Limited to Propose the Omission of Dividend Payment for the Year 2024 Charan Insurance Public Company Limited to propose the omission of dividend payment for the year 2024, Annual General Meeting of Shareholders to be held on 23 April 2025. Announcement • Feb 25
Charan Insurance Public Company Limited, Annual General Meeting, Apr 23, 2025 Charan Insurance Public Company Limited, Annual General Meeting, Apr 23, 2025, at 14:00 SE Asia Standard Time. Location: the company`s conference room on 11th floors, charan insurance building 408/1, ratchadaphisek road, samsen nok, huaykwang, bangkok 10310 Thailand New Risk • Jan 07
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 6.4% 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 Market cap is less than US$10m (฿261.6m market cap, or US$7.59m). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: ฿0.61 (vs ฿0.60 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.61 (up from ฿0.60 in 2Q 2023). Revenue: ฿74.7m (down 2.5% from 2Q 2023). Net income: ฿7.28m (up 1.3% from 2Q 2023). Profit margin: 9.7% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to ฿21.60. The fair value is estimated to be ฿27.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ฿0.066 (vs ฿1.17 in 1Q 2023) First quarter 2024 results: EPS: ฿0.066 (down from ฿1.17 in 1Q 2023). Revenue: ฿69.4m (down 30% from 1Q 2023). Net income: ฿796.0k (down 94% from 1Q 2023). Profit margin: 1.1% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 24
Dividend reduced to ฿1.25 Dividend of ฿1.25 is 38% lower than last year. Ex-date: 10th May 2024 Payment date: 23rd May 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 23
Charan Insurance Public Company Limited Proposes Dividend for the Operating Period from 1 January 2023 to 31 December 2023, Payable on May 23, 2024 As The Board of Directors of Charan Insurance Public Company Limited at the Meeting held on February 21, 2024 resolved to propose the Annual General Meeting of Shareholders for the year 2024 to consider and approve dividend payment for the year 2023 that distribute not less than 20% of net profit for the operating results, from January 1, 2023 to December 31, 2023 at THB 1.25 per share totaling THB 15 million, which will be paid from the net profit on May 23, 2024. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿2.25 (vs ฿5.82 in FY 2022) Full year 2023 results: EPS: ฿2.25 (down from ฿5.82 in FY 2022). Revenue: ฿311.2m (down 35% from FY 2022). Net income: ฿27.0m (down 61% from FY 2022). Profit margin: 8.7% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 22
Charan Insurance Public Company Limited, Annual General Meeting, Apr 24, 2024 Charan Insurance Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Location: The Company's conference room on 11th floors, Charan Insurance Building 408/1 Ratchadaphisek road, Samsen Nok, Huaykwang Bangkok Thailand Agenda: To consider and certify the Minutes of the 30th Annual General Meeting of Shareholders held on April 26, 2023; to acknowledge the Board of Directors' report on the Company's performance for the year 2023; to consider and approve the Company's Statement of Financial Position and Statement of Comprehensive Income for the year ended December 31, 2023; to consider and approve the allocation of net profit and dividend payment for the year 2023; to consider and approve the Directors' remuneration for the year 2024; and to consider other matters. Reported Earnings • Nov 10
Third quarter 2023 earnings released: ฿0.24 loss per share (vs ฿2.73 profit in 3Q 2022) Third quarter 2023 results: ฿0.24 loss per share (down from ฿2.73 profit in 3Q 2022). Revenue: ฿65.5m (down 51% from 3Q 2022). Net loss: ฿2.94m (down 109% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.60 (vs ฿0.55 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.60 (up from ฿0.55 in 2Q 2022). Revenue: ฿76.4m (down 39% from 2Q 2022). Net income: ฿7.19m (up 9.8% from 2Q 2022). Profit margin: 9.4% (up from 5.2% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Jun 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿348.0m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (41% accrual ratio). Market cap is less than US$10m (฿348.0m market cap, or US$9.88m). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • May 06
Upcoming dividend of ฿2.00 per share at 6.2% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 25 May 2023. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ฿36.50, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 19x in the Insurance industry in Thailand. Total returns to shareholders of 118% over the past three years. 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. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Poodpong Arsingsamanunta was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 26
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. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Poodpong Arsingsamanunta was the last independent director to join the board, commencing their role in 2006. 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 • May 16
First quarter 2022 earnings released: ฿1.47 loss per share (vs ฿0.29 profit in 1Q 2021) First quarter 2022 results: ฿1.47 loss per share (down from ฿0.29 profit in 1Q 2021). Revenue: ฿89.9m (up 139% from 1Q 2021). Net loss: ฿17.6m (down ฿21.1m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Poodpong Arsingsamanunta was the last independent director to join the board, commencing their role in 2006. 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 • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿2.36 loss per share (down from ฿4.27 profit in FY 2020). Revenue: ฿180.5m (down 38% from FY 2020). Net loss: ฿28.3m (down 155% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: ฿0.28 loss per share (vs ฿0.51 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: ฿35.0m (down 45% from 2Q 2020). Net loss: ฿3.31m (down 154% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.29 (vs ฿0.41 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: ฿37.8m (down 59% from 1Q 2020). Net income: ฿3.50m (down 28% from 1Q 2020). Profit margin: 9.3% (up from 5.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ฿32.50, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 22x in the Insurance industry in Thailand. Negligible returns to shareholders over past three years. Upcoming Dividend • May 04
Upcoming dividend of ฿2.60 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 27 May 2021. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 28
Full year 2020 earnings released: EPS ฿4.27 (vs ฿2.59 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿312.0m (down 9.2% from FY 2019). Net income: ฿51.2m (up ฿82.3m from FY 2019). Profit margin: 16% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 17% share price gain to ฿34.75, the stock is trading at a trailing P/E ratio of 16x, up from the previous P/E ratio of 13.7x. This compares to an average P/E of 20x in the Insurance industry in Thailand. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Feb 25
New 90-day high: ฿34.75 The company is up 45% from its price of ฿24.00 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to ฿30.00, the stock is trading at a trailing P/E ratio of 13.8x, up from the previous P/E ratio of 11.7x. This compares to an average P/E of 27x in the Insurance industry in Thailand. Total return to shareholders over the past three years is a loss of 12%. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS ฿1.52 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿71.7m (down 22% from 3Q 2019). Net income: ฿18.3m (up ฿23.4m from 3Q 2019). Profit margin: 26% (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 36% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.