Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ฿0.10 (vs ฿0.12 in 1Q 2025) First quarter 2026 results: EPS: ฿0.10 (down from ฿0.12 in 1Q 2025). Revenue: ฿104.3m (down 12% from 1Q 2025). Net income: ฿13.9m (down 18% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 01
Dividend reduced to ฿0.45 Dividend of ฿0.45 is 25% lower than last year. Ex-date: 19th March 2026 Payment date: 11th May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) nor is it covered by cash flows (137% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. However, EPS has declined by 1.3% over the last 5 years so the company would need to reverse this trend. Announcement • Feb 28
Pato Chemical Industry Public Company Limited announces Annual dividend, payable on May 11, 2026 Pato Chemical Industry Public Company Limited announced Annual dividend of THB 0.4500 per share payable on May 11, 2026, ex-date on March 19, 2026 and record date on March 20, 2026. Announcement • Feb 27
Pato Chemical Industry Public Company Limited, Annual General Meeting, Apr 22, 2026 Pato Chemical Industry Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time. Location: shenzhen tower hotel bangkok bangkok one room, new phetchaburi road, bangkok 10310 Thailand Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.20 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.11 (down from ฿0.20 in 3Q 2024). Revenue: ฿107.9m (down 39% from 3Q 2024). Net income: ฿15.0m (down 47% from 3Q 2024). Profit margin: 14% (down from 16% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.15 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.15 (in line with 2Q 2024). Revenue: ฿155.2m (down 13% from 2Q 2024). Net income: ฿21.5m (up 2.2% from 2Q 2024). Profit margin: 14% (up from 12% in 2Q 2024). The increase in margin was driven by lower expenses. 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.11 in 1Q 2024) First quarter 2025 results: EPS: ฿0.12 (up from ฿0.11 in 1Q 2024). Revenue: ฿118.0m (down 1.6% from 1Q 2024). Net income: ฿16.8m (up 4.6% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 02
Dividend increased to ฿0.60 Dividend of ฿0.60 is 20% higher than last year. Ex-date: 19th March 2025 Payment date: 13th May 2025 Dividend yield will be 7.3%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Mar 01
Pato Chemical Industry Public Company Limited Proposes Dividend for the Year Ended December 31, 2024, Payable on May 13, 2025 Pato Chemical Industry Public Company Limited announced that at the board meeting held on February 28, 2025 proposed the annual dividend payment for the operation from January 1, 2024 to December 31, 2024 will be THB 0.60 per share and will be paid to the shareholders on May 13, 2025. The payment is subject to approval of AGM. The record date to receive the dividend payment is set on March 20, 2025 and Ex-dividend date is March 19, 2025. Announcement • Feb 28
Pato Chemical Industry Public Company Limited, Annual General Meeting, Apr 22, 2025 Pato Chemical Industry Public Company Limited, Annual General Meeting, Apr 22, 2025, at 14:00 SE Asia Standard Time. Location: bangkok one room, shenzen tower hotel bangkok, petchburi rd., bangkok 10310 Thailand Buy Or Sell Opportunity • Aug 28
Now 23% overvalued Over the last 90 days, the stock has fallen 1.6% to ฿9.35. The fair value is estimated to be ฿7.60, 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 21%. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.11 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.15 (up from ฿0.11 in 2Q 2023). Revenue: ฿178.3m (up 13% from 2Q 2023). Net income: ฿21.0m (up 30% from 2Q 2023). Profit margin: 12% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿0.11 (vs ฿0.06 in 1Q 2023) First quarter 2024 results: EPS: ฿0.11 (up from ฿0.06 in 1Q 2023). Revenue: ฿119.9m (up 10% from 1Q 2023). Net income: ฿16.1m (up 81% from 1Q 2023). Profit margin: 13% (up from 8.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 12
Upcoming dividend of ฿0.50 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 10 May 2024. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 5.2%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.7%). Declared Dividend • Mar 02
Dividend increased to ฿0.50 Dividend of ฿0.50 is 22% higher than last year. Ex-date: 19th March 2024 Payment date: 10th May 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (85% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.4% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 01
Pato Chemical Industry Public Company Limited, Annual General Meeting, Apr 22, 2024 Pato Chemical Industry Public Company Limited, Annual General Meeting, Apr 22, 2024, at 14:00 SE Asia Standard Time. Location: His Royal Highness Crown Prince Room, The Royal Golden Jubliee Building Soi soonvijai, New Oetchburi Road, Bangkapi, Huaykwang Bangkok Thailand Agenda: To certify the minutes of AGM of 2023; to acknowledge the company 2023 annual report; to approve the company balance sheet, profit and lost statement as December 31, 2023; to consider and approve allocation of net profit for legal reserves and dividend payment for 2023's operating results ; to appoint directors; to fix remuneration for directors 2024; to appoint auditor and fix remuneration for 2024; and to discuss other matters. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.50 (vs ฿0.32 in FY 2022) Full year 2023 results: EPS: ฿0.50 (up from ฿0.32 in FY 2022). Revenue: ฿593.2m (up 33% from FY 2022). Net income: ฿70.8m (up 58% from FY 2022). Profit margin: 12% (up from 10.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 29
Pato Chemical Industry Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 10, 2024 Pato Chemical Industry Public Company Limited announced that at the board meeting held on February 29, 2024 proposed the annual dividend payment for the operation from January 1, 2023 to December 31, 2023 will be THB 0.50 per share and will be paid to the shareholders on May 10, 2024. The payment is subject to approval of AGM. The record date to receive the dividend payment is set on March 20, 2024. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.05 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.18 (up from ฿0.05 in 3Q 2022). Revenue: ฿180.5m (up 94% from 3Q 2022). Net income: ฿25.4m (up 255% from 3Q 2022). Profit margin: 14% (up from 7.7% in 3Q 2022). The increase in margin was driven by higher revenue. 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 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.09 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2022). Revenue: ฿157.7m (up 14% from 2Q 2022). Net income: ฿16.1m (up 25% from 2Q 2022). Profit margin: 10% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 13
Upcoming dividend of ฿0.41 per share at 3.9% yield Eligible shareholders must have bought the stock before 20 March 2023. Payment date: 10 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.8%). 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. 1 experienced director. 11 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Chang Cheng Ming 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 • Aug 13
Second quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.32 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.09 (down from ฿0.32 in 2Q 2021). Revenue: ฿138.2m (down 36% from 2Q 2021). Net income: ฿12.9m (down 72% from 2Q 2021). Profit margin: 9.4% (down from 22% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.14 in 1Q 2021) First quarter 2022 results: EPS: ฿0.09 (down from ฿0.14 in 1Q 2021). Revenue: ฿93.8m (down 26% from 1Q 2021). Net income: ฿12.2m (down 39% from 1Q 2021). Profit margin: 13% (down from 16% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. 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. 1 experienced director. 11 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Chang Cheng Ming 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 • Mar 11
Upcoming dividend of ฿0.82 per share Eligible shareholders must have bought the stock before 18 March 2022. Payment date: 10 May 2022. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (4.3%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.83 (up from ฿0.57 in FY 2020). Revenue: ฿645.8m (up 17% from FY 2020). Net income: ฿118.7m (up 45% from FY 2020). Profit margin: 18% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.24 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿138.4m (down 19% from 3Q 2020). Net income: ฿22.3m (down 34% from 3Q 2020). Profit margin: 16% (down from 20% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.32 (vs ฿0.22 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿214.5m (up 19% from 2Q 2020). Net income: ฿46.1m (up 45% from 2Q 2020). Profit margin: 22% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.002 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿126.9m (up 25% from 1Q 2020). Net income: ฿19.8m (up ฿19.6m from 1Q 2020). Profit margin: 16% (up from 0.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% 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. Is New 90 Day High Low • Mar 10
New 90-day high: ฿11.00 The company is up 5.0% from its price of ฿10.50 on 09 December 2020. The Thai market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Chemicals industry, which is up 16% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS ฿0.57 (vs ฿0.61 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: ฿552.0m (down 2.9% from FY 2019). Net income: ฿81.8m (down 5.7% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day low: ฿10.00 The company is down 2.0% from its price of ฿10.20 on 03 November 2020. The Thai market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 41% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: ฿10.80 The company is up 11% from its price of ฿9.75 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 25% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.24 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿170.5m (up 9.5% from 3Q 2019). Net income: ฿33.9m (up 30% from 3Q 2019). Profit margin: 20% (up from 17% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 09
New 90-day high: ฿10.40 The company is up 15% from its price of ฿9.05 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: ฿10.10 The company is up 17% from its price of ฿8.60 on 16 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 8.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: ฿9.90 The company is up 9.0% from its price of ฿9.10 on 30 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 10.0% over the same period. 
