Announcement • Feb 19
Diamond Building Products Public Company Limited Proposes a Cash Dividend for the Operating Period from July 1, 2025 to December 31, 2025, Payable on May 15, 2026 Diamond Building Products Public Company Limited at its Annual General Meeting of Shareholders to be held 24 April 2026 proposed a cash dividend of THB 0.14 per share (par value THB 1.00) for common shareholders, for the operating period from July 1, 2025 to December 31, 2025. Record date: March 4, 2026; Ex-dividend date: March 2, 2026; Payment date: May 15, 2026. Declared Dividend • Feb 19
Final dividend of ฿0.14 announced Shareholders will receive a dividend of ฿0.14. Ex-date: 2nd March 2026 Payment date: 15th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control. However, EPS has declined by 8.9% over the last 5 years so the company would need to reverse this trend. Announcement • Feb 17
Diamond Building Products Public Company Limited, Annual General Meeting, Mar 04, 2026 Diamond Building Products Public Company Limited, Annual General Meeting, Mar 04, 2026, at 10:00 SE Asia Standard Time. Location: at the pinnacle room 4-6, 4th floor, intercontinental bangkok hotel, 971, 973 ploenchit road, lumpini, pathumwan, bangkok Thailand Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: ฿0.39 (vs ฿0.59 in FY 2024) Full year 2025 results: EPS: ฿0.39 (down from ฿0.59 in FY 2024). Revenue: ฿4.59b (down 8.0% from FY 2024). Net income: ฿317.8m (down 37% from FY 2024). Profit margin: 6.9% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.10 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.05 (down from ฿0.10 in 3Q 2024). Revenue: ฿1.03b (down 7.5% from 3Q 2024). Net income: ฿41.7m (down 52% from 3Q 2024). Profit margin: 4.0% (down from 7.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 14% per year. Declared Dividend • Aug 20
First half dividend of ฿0.18 announced Shareholders will receive a dividend of ฿0.18. Ex-date: 1st September 2025 Payment date: 12th September 2025 Dividend yield will be 7.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (311% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 36% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.8% EPS decline seen over the last 5 years. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.18 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.12 (down from ฿0.18 in 2Q 2024). Revenue: ฿1.22b (down 11% from 2Q 2024). Net income: ฿96.6m (down 36% from 2Q 2024). Profit margin: 7.9% (down from 11% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year. Buy Or Sell Opportunity • Jun 24
Now 23% overvalued Over the last 90 days, the stock has fallen 35% to ฿4.68. The fair value is estimated to be ฿3.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0%. New Risk • May 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 169% Dividend yield: 8.7% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 169% Earnings have declined by 0.1% per year over the past 5 years. Announcement • Apr 28
Diamond Building Products Public Company Limited Approves Dividend, Payable on May 16, 2025 Diamond Building Products Public Company Limited at its Annual General Meeting of Shareholders held on April 25, 2024, approved the appropriation of earnings for payment of dividend to shareholders at THB 0.50 per share, in which the Company's Board of Directors had already approved the interim dividend payment to the shareholders at THB 0.26 per share on September 13, 2024; therefore a remaining dividend of THB 0.24 per share shall be paid to the shareholders. Accordingly, the Company shall pay the dividend on May 16, 2025. The shareholders entitled to such dividend must have their names appear on the share register book on the Record Date of March 4, 2025. Declared Dividend • Feb 20
Final dividend reduced to ฿0.24 Dividend of ฿0.24 is 7.7% lower than last year. Ex-date: 3rd March 2025 Payment date: 16th May 2025 Dividend yield will be 6.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (161% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Feb 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ฿0.59 (down from ฿0.75 in FY 2023). Revenue: ฿4.99b (down 12% from FY 2023). Net income: ฿506.3m (down 21% from FY 2023). Profit margin: 10% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.20 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.10 (down from ฿0.20 in 3Q 2023). Revenue: ฿1.12b (down 19% from 3Q 2023). Net income: ฿86.5m (down 49% from 3Q 2023). Profit margin: 7.7% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Declared Dividend • Aug 21
First half dividend of ฿0.26 announced Dividend of ฿0.26 is the same as last year. Ex-date: 2nd September 2024 Payment date: 13th September 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 19
Diamond Building Products Public Company Limited Announces Dividend for the Operating Period from 01-January-2024 to 30-June-2024, Payable on September 13, 2024 Diamond Building Products Public Company Limited announces dividend of 0.26 baht per share for the Operating period from 01-January-2024 to 30-June-2024. Payment date 13-September-2024. Record date for the right to receive dividends 03-September-2024 Ex-dividend date 02-September-2024. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.20 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.18 (down from ฿0.20 in 2Q 2023). Revenue: ฿1.37b (down 9.8% from 2Q 2023). Net income: ฿150.2m (down 10.0% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Buy Or Sell Opportunity • Jul 31
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ฿8.00. The fair value is estimated to be ฿6.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 4.1%. Buy Or Sell Opportunity • Jul 16
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ฿8.00. The fair value is estimated to be ฿6.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 4.1%. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: ฿0.24 (vs ฿0.21 in 1Q 2023) First quarter 2024 results: EPS: ฿0.24 (up from ฿0.21 in 1Q 2023). Revenue: ฿1.49b (down 4.2% from 1Q 2023). Net income: ฿203.7m (up 15% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Buy Or Sell Opportunity • Apr 29
Now 20% overvalued Over the last 90 days, the stock has fallen 3.0% to ฿8.00. The fair value is estimated to be ฿6.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 5.0% in a year. Earnings are forecast to grow by 0.7% in the next year. Announcement • Apr 23
Diamond Building Products Public Company Limited Approves Dividend, Payable on May 10, 2024 Diamond Building Products Public Company Limited announced at annual general meeting held on April 19, 2024, the shareholders approved the appropriation of earnings for payment of dividend to shareholders at THB 0.52 per share, in which the company's Board of Directors had already approved the interim dividend payment to the shareholders at THB 0.26 per share on September 15, 2023; therefore a remaining dividend of THB 0.26 per share shall be paid to the shareholders. Accordingly, the company shall pay the dividend on May 10, 2024. The shareholders entitled to such dividend must have their names appear on the share register book on the record date of March 5, 2024. Buy Or Sell Opportunity • Apr 09
Now 21% overvalued Over the last 90 days, the stock has fallen 3.0% to ฿8.00. The fair value is estimated to be ฿6.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 5.0% in a year. Earnings are forecast to grow by 0.7% in the next year. Buy Or Sell Opportunity • Mar 25
Now 20% overvalued Over the last 90 days, the stock has fallen 3.1% to ฿7.90. The fair value is estimated to be ฿6.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 5.0% in a year. Earnings are forecast to grow by 0.7% in the next year. Upcoming Dividend • Feb 26
Upcoming dividend of ฿0.26 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.2%). Declared Dividend • Feb 21
Final dividend of ฿0.26 announced Dividend of ฿0.26 is the same as last year. Ex-date: 4th March 2024 Payment date: 10th May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Feb 15
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ฿0.75 (up from ฿0.73 in FY 2022). Revenue: ฿5.65b (up 7.6% from FY 2022). Net income: ฿637.5m (up 1.9% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
Diamond Building Products Public Company Limited Announces Resignation of Sakda Maneeratchatchai as Director Diamond Building Products Public Company Limited announced that Mr. Sakda Maneeratchatchai, the Independent Director and Audit Committee Chairman, has notified the Company that he will resign from every position in the Company as he has already been in the position of Company's Independent Director for over 9 years and therefore would like to provide opportunity for the Nomination and Remuneration Committee to recruit the Independent Director and Audit Committee Chairman with knowledge, capability and experience in order to introduce new ideas in auditing tasks for the Company's sustainable development into the future. Such resignation shall be effective from the date of the 39th Annual General Meeting of Shareholders (Year 2024) to be held in April 2024. Accordingly, such resignation of the Director has no impact on the operation of the Company in any way. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.15 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.20 (up from ฿0.15 in 3Q 2022). Revenue: ฿1.37b (up 11% from 3Q 2022). Net income: ฿168.7m (up 29% from 3Q 2022). Profit margin: 12% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Basic Materials industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Aug 28
Upcoming dividend of ฿0.26 per share at 6.2% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 15 September 2023. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.6%). Announcement • Aug 21
Diamond Building Products Public Company Limited Announces Cash Dividend for the Operating Period from 01 January 2023 to 30 June 2023, Payable on 15 September 2023 Diamond Building Products Public Company Limited announced Cash dividend payment of THB 0.26 for the operating period from 01 January 2023 to 30 June 2023. Par value of THB 1.00. Payment date is 15 September 2023. Ex-dividend date is 04 September 2023. Record date for the right to receive dividends is 05 September 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.22 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.20 (down from ฿0.22 in 2Q 2022). Revenue: ฿1.52b (up 11% from 2Q 2022). Net income: ฿166.9m (down 10% from 2Q 2022). Profit margin: 11% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Basic Materials industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • May 12
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ฿0.21 (down from ฿0.22 in 1Q 2022). Revenue: ฿1.55b (up 12% from 1Q 2022). Net income: ฿177.4m (down 7.6% from 1Q 2022). Profit margin: 11% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials 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 increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 22
Price target decreased by 7.0% to ฿8.28 Down from ฿8.90, the current price target is an average from 2 analysts. New target price is 7.5% above last closing price of ฿7.70. The company is forecast to post earnings per share of ฿0.70 for next year compared to ฿0.73 last year. Upcoming Dividend • Feb 24
Upcoming dividend of ฿0.26 per share at 6.3% yield Eligible shareholders must have bought the stock before 03 March 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (4.9%). Reported Earnings • Feb 20
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: ฿0.73 (up from ฿0.69 in FY 2021). Revenue: ฿5.25b (up 8.8% from FY 2021). Net income: ฿625.6m (up 6.9% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Basic Materials industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Price Target Changed • Nov 16
Price target increased to ฿7.80 Up from ฿6.20, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ฿7.75. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of ฿0.66 for next year compared to ฿0.68 last year. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: ฿0.15 (vs ฿0.14 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.15 (up from ฿0.14 in 3Q 2021). Revenue: ฿1.24b (up 16% from 3Q 2021). Net income: ฿130.3m (up 9.7% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Basic Materials industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Aug 29
Upcoming dividend of ฿0.24 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (4.8%). Reported Earnings • Aug 11
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ฿0.22 (up from ฿0.21 in 2Q 2021). Revenue: ฿1.37b (up 5.0% from 2Q 2021). Net income: ฿186.1m (up 4.3% from 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 2.8%, compared to a 2.9% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ฿0.22 (down from ฿0.23 in 1Q 2021). Revenue: ฿1.38b (up 3.8% from 1Q 2021). Net income: ฿191.9m (down 2.1% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 2.3%, compared to a 2.5% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Buying Opportunity • May 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ฿9.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 8.8% in 2 years. Earnings is forecast to grow by 23% in the next 2 years. Price Target Changed • Apr 27
Price target increased to ฿7.00 Up from ฿6.20, the current price target is provided by 1 analyst. New target price is 7.9% below last closing price of ฿7.60. Stock is up 11% over the past year. The company is forecast to post earnings per share of ฿0.70 for next year compared to ฿0.68 last year. Upcoming Dividend • Mar 01
Upcoming dividend of ฿0.24 per share Eligible shareholders must have bought the stock before 08 March 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.1%). In line with average of industry peers (5.2%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.68 (up from ฿0.63 in FY 2020). Revenue: ฿4.83b (up 10% from FY 2020). Net income: ฿585.4m (up 5.0% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 1.5%, compared to a 3.3% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Buying Opportunity • Jan 25
Now 21% undervalued Over the last 90 days, the stock is up 5.4%. The fair value is estimated to be ฿9.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14% per annum over the last 3 years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ฿0.58 (vs ฿0.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿3.71b (up 271% from 3Q 2020). Net income: ฿493.3m (up 343% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 20
Upcoming dividend of ฿0.22 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 10 September 2021. Trailing yield: 5.9%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.21 (vs ฿0.20 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: ฿1.31b (up 9.3% from 2Q 2020). Net income: ฿178.5m (down 2.2% from 2Q 2020). Profit margin: 14% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
First quarter 2021 earnings released: EPS ฿0.23 (vs ฿0.18 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.33b (up 7.9% from 1Q 2020). Net income: ฿196.0m (up 17% from 1Q 2020). Profit margin: 15% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 23
New 90-day high: ฿6.10 The company is up 2.0% from its price of ฿6.00 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS ฿0.62 (vs ฿0.60 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿4.41b (down 7.1% from FY 2019). Net income: ฿557.4m (down 2.5% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 3.3%, compared to a 11% growth forecast for the Basic Materials industry in Thailand. Price Target Changed • Jan 22
Price target lowered to ฿5.00 Down from ฿5.50, the current price target is provided by 1 analyst. The new target price is 17% below the current share price of ฿6.05. As of last close, the stock is down 4.7% over the past year. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS ฿0.13 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿999.6m (down 10% from 3Q 2019). Net income: ฿111.4m (down 14% from 3Q 2019). Profit margin: 11% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ฿0.13 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿1.00b (down 9.8% from 3Q 2019). Net income: ฿111.4m (down 14% from 3Q 2019). Profit margin: 11% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 30
New 90-day low: ฿5.80 The company is down 4.0% from its price of ฿6.05 on 31 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 12% over the same period.