Major Cineplex Group (SET:MAJOR) - Stock Price, News & Analysis

MAJOR Stock Overview

Operates as a lifestyle entertainment company primarily in Thailand. More details

MAJOR fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 33.2% below our estimate of its fair value

Earnings are forecast to grow 15.03% per year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record

Major Cineplex Group Public Company Limited Competitors

ONE Enterprise

SET:ONEE

฿9.0b

SET:RS

฿12.5b

GMM Grammy

SET:GRAMMY

฿6.7b

Miss Grand International

SET:MGI

฿2.1b

Price History & Performance

Summary of all time highs, changes and price drops for Major Cineplex Group
Historical stock prices
Current Share Price	฿14.60
52 Week High	฿16.10
52 Week Low	฿11.70
Beta	0.87
11 Month Change	-5.81%
3 Month Change	5.04%
1 Year Change	-8.75%
33 Year Change	-28.43%
5 Year Change	-40.65%
Change since IPO	5.80%

Recent updates

Shareholder Returns

	MAJOR	TH Entertainment	TH Market
7D	0.7%	-2.3%	0.8%
1Y	-8.8%	-17.8%	3.1%

Return vs Industry: MAJOR exceeded the TH Entertainment industry which returned -17.8% over the past year.

Return vs Market: MAJOR underperformed the TH Market which returned 3.1% over the past year.

Price Volatility

Is MAJOR's price volatile compared to industry and market?
MAJOR volatility
MAJOR Average Weekly Movement	3.2%
Entertainment Industry Average Movement	5.4%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

Stable Share Price: MAJOR has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: MAJOR's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	n/a	Vicha Poolvaraluck	www.majorcineplex.com/home

Major Cineplex Group Public Company Limited, together with its subsidiaries, operates as a lifestyle entertainment company primarily in Thailand. It operates through five segments: Cinema Business, Advertising Business, Bowling and Karaoke Business, Rental and Services Business, and Movie Content Business. The company offers theater, foods and drinks, and relevant services; and operates cineplexes under the Major Cineplex, EGV Cinema, Paragon Cineplex, Esplanade Cineplex, Paradise Cineplex, Mega Cineplex, Hat Yai Cineplex, Quartier CineArt, Westgate Cineplex, Cineplex, Icon Cineplex, and Major Cinema brands.

Major Cineplex Group Public Company Limited Fundamentals Summary

How do Major Cineplex Group's earnings and revenue compare to its market cap?
MAJOR fundamental statistics
Market cap	฿11.51b
Earnings (TTM)	฿757.71m
Revenue (TTM)	฿8.35b

15.2x

P/E Ratio

1.4x

P/S Ratio

Is MAJOR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAJOR income statement (TTM)
Revenue	฿8.35b
Cost of Revenue	฿5.36b
Gross Profit	฿2.99b
Other Expenses	฿2.23b
Earnings	฿757.71m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.96
Gross Margin	35.76%
Net Profit Margin	9.08%
Debt/Equity Ratio	50.3%

How did MAJOR perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

17%

Payout Ratio

MAJOR Stock Overview

Rewards

Risk Analysis

Major Cineplex Group Public Company Limited Competitors

SET:ONEE

฿9.0b

SET:RS

฿12.5b

SET:GRAMMY

฿6.7b

SET:MGI

฿2.1b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS exceeds analyst expectations

First half dividend reduced to ฿0.13

Second quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.60 in 2Q 2023)

Major Cineplex Group Public Company Limited Appoints Kraithip Krairiksh as Chairman of the Board of Directors

Major Cineplex Group Public Company Limited Announces Resignation of Somchainuk Engtrakul as Chairman of Board of Directors and Director

Major Cineplex Group Public Company Limited (SET:MAJOR) announces an Equity Buyback for 76,800,000 shares, representing 9.26% for THB 1,000 million.

Recent updates

Third quarter 2024 earnings: EPS exceeds analyst expectations

First half dividend reduced to ฿0.13

Second quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.60 in 2Q 2023)

Major Cineplex Group Public Company Limited Appoints Kraithip Krairiksh as Chairman of the Board of Directors

Major Cineplex Group Public Company Limited Announces Resignation of Somchainuk Engtrakul as Chairman of Board of Directors and Director

Major Cineplex Group Public Company Limited (SET:MAJOR) announces an Equity Buyback for 76,800,000 shares, representing 9.26% for THB 1,000 million.

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.078 in 1Q 2023)

Major Cineplex Group Public Company Limited Approves Dividend for the Six Months for the Period of July 1, 2023 to December 31, 2023, Payable on April 30, 2024

Upcoming dividend of ฿0.15 per share

Final dividend of ฿0.15 announced

Major Cineplex Group Public Company Limited, Annual General Meeting, Apr 02, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: ฿1.18 (vs ฿0.28 in FY 2022)

Now 21% undervalued after recent price drop

Consensus EPS estimates increase by 15%

Insufficient new directors

Consensus EPS estimates increase by 21%

Third quarter 2023 earnings: EPS exceeds analyst expectations

Major Cineplex Group Public Company Limited to Report Q3, 2023 Results on Nov 10, 2023

Major Cineplex Group Public Company Limited (SET:MAJOR) announces an Equity Buyback for 72,000,000 shares, representing 8.05% for THB 1,000 million.

Upcoming dividend of ฿0.50 per share at 6.5% yield

New major risk - Dividend sustainability

Major Cineplex Group Public Company Limited Declares Dividend for the Operating Period from 01 January 2023 to 30 June 2023, Payable on 05 September 2023

Second quarter 2023 earnings released: EPS: ฿0.60 (vs ฿0.15 in 2Q 2022)

Consensus revenue estimates increase by 12%, EPS downgraded

First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.03 in 1Q 2022)

Upcoming dividend of ฿0.25 per share at 1.5% yield

Consensus EPS estimates fall by 40%

Major Cineplex Group Public Company Limited Announces Change of Corporate Governance Committee Members

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Ticketmaster Entertainment LLC agreed to acquire Thaiticket Major from BEC-Tero Entertainment Co., Ltd. and Major Cineplex Group Public Company Limited (SET:MAJOR).

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of ฿0.60 per share

Major Cineplex Group Public Company Limited Proposes Dividend for the Quarter Ended December 31, 2021

Full year 2021 earnings: Revenues exceed analyst expectations

Consensus forecasts updated

Consensus revenue estimates increase by 12%

Third quarter 2021 earnings released: EPS ฿2.03 (vs ฿0.14 loss in 3Q 2020)

Upcoming dividend of ฿1.00 per share

CentralWorld Company Limited completed the acquisition of 30.36% stake in Siam Future Development Public Company Limited (SET:SF) from Major Cineplex Group Public Company Limited (SET:MAJOR).

Second quarter 2021 earnings released: ฿0.24 loss per share (vs ฿0.53 loss in 2Q 2020)

Consensus forecasts updated

Price target increased to ฿24.40

Director has left the company

First quarter 2021 earnings released: ฿0.13 loss per share (vs ฿0.28 loss in 1Q 2020)

New 90-day high: ฿21.50

Major Cineplex Group Public Company Limited Announces Executive Changes

Full year 2020 earnings released: ฿0.59 loss per share (vs ฿1.57 profit in FY 2019)

Revenue beats expectations, earnings disappoint

Major Cineplex Group Public Company Limited, Annual General Meeting, Apr 09, 2021

New 90-day high: ฿20.80

Price target raised to ฿20.00

Revenue beats expectations, earnings disappoint

Third quarter 2020 earnings released: ฿0.14 loss per share

Major Cineplex Group Public Company Limited Announces Board Changes

New 90-day low: ฿13.80

An unknown buyer acquired 55% stake in M-Tel (Thailand) Co., Ltd from Major Cineplex Group Public Company Limited (SET:MAJOR) THB 0.16 million.

Analysts lower revenue estimates to ฿2.94b