Buy Or Sell Opportunity • Jun 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to ฿2.84. The fair value is estimated to be ฿2.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 6.9%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to decline by 0.6% in the next 2 years. Buy Or Sell Opportunity • May 27
Now 21% overvalued Over the last 90 days, the stock has fallen 5.4% to ฿2.78. The fair value is estimated to be ฿2.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 6.9%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to decline by 0.6% in the next 2 years. Announcement • May 21
The ONE Enterprise Public Company Limited to Report Q2, 2026 Results on Aug 14, 2026 The ONE Enterprise Public Company Limited announced that they will report Q2, 2026 results on Aug 14, 2026 Reported Earnings • May 14
First quarter 2026 earnings released: EPS: ฿0.023 (vs ฿0.01 loss in 1Q 2025) First quarter 2026 results: EPS: ฿0.023 (up from ฿0.01 loss in 1Q 2025). Revenue: ฿1.83b (up 25% from 1Q 2025). Net income: ฿53.7m (up ฿77.3m from 1Q 2025). Profit margin: 2.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 28
Upcoming dividend of ฿0.13 per share Eligible shareholders must have bought the stock before 05 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.6%). Price Target Changed • Mar 26
Price target increased by 7.0% to ฿3.17 Up from ฿2.96, the current price target is an average from 5 analysts. New target price is 21% above last closing price of ฿2.62. Stock is up 1.6% over the past year. The company is forecast to post earnings per share of ฿0.20 for next year compared to ฿0.19 last year. Buy Or Sell Opportunity • Mar 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to ฿2.72. The fair value is estimated to be ฿2.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Major Estimate Revision • Mar 03
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ฿7.23b to ฿7.60b. EPS estimate increased from ฿0.168 to ฿0.20 per share. Net income forecast to grow 7.1% next year vs 28% growth forecast for Entertainment industry in Thailand. Consensus price target up from ฿2.66 to ฿2.96. Share price fell 6.1% to ฿2.78 over the past week. Declared Dividend • Feb 25
Final dividend of ฿0.13 announced Shareholders will receive a dividend of ฿0.13. Ex-date: 5th May 2026 Payment date: 20th May 2026 Dividend yield will be 6.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: ฿0.19 (vs ฿0.18 in FY 2024) Full year 2025 results: EPS: ฿0.19 (up from ฿0.18 in FY 2024). Revenue: ฿7.32b (up 9.7% from FY 2024). Net income: ฿450.5m (up 7.0% from FY 2024). Profit margin: 6.2% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Feb 24
The One Enterprise Public Company Limited Proposes Cash Dividend for the Period from July 1, 2025 to December 31, 2025, Payable on May 20, 2026 The ONE Enterprise Public Company Limited announced that at the Annual General Meeting to be held on April 27, 2026, proposed cash dividend of THB 0.13 per share for the Period from July 1, 2025 to December 31, 2025. Record date for the right to receive dividends is May 6, 2026, Ex-dividend date is May 5, 2026 and Payment date is May 20, 2026. Date of board resolution is February 23, 2026. New Risk • Feb 24
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 2.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (2.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ฿2.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Entertainment industry in Asia. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿2.52 per share. Announcement • Feb 23
The ONE Enterprise Public Company Limited, Annual General Meeting, Apr 27, 2026 The ONE Enterprise Public Company Limited, Annual General Meeting, Apr 27, 2026, at 14:00 SE Asia Standard Time. Price Target Changed • Feb 21
Price target increased by 7.8% to ฿2.78 Up from ฿2.58, the current price target is an average from 4 analysts. New target price is 16% above last closing price of ฿2.40. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿0.16 for next year compared to ฿0.18 last year. Major Estimate Revision • Nov 19
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ฿6.61b to ฿7.05b. EPS estimate increased from ฿0.136 to ฿0.16 per share. Net income forecast to shrink 12% next year vs 24% growth forecast for Entertainment industry in Thailand . Consensus price target up from ฿2.05 to ฿2.23. Share price fell 6.3% to ฿2.08 over the past week. Major Estimate Revision • Nov 17
Consensus EPS estimates increase by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ฿6.47b to ฿6.61b. EPS estimate increased from ฿0.10 to ฿0.136 per share. Net income forecast to shrink 20% next year vs 26% growth forecast for Entertainment industry in Thailand . Consensus price target broadly unchanged at ฿2.05. Share price rose 9.1% to ฿2.16 over the past week. Reported Earnings • Nov 11
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ฿0.086 (up from ฿0.069 in 3Q 2024). Revenue: ฿2.01b (up 9.8% from 3Q 2024). Net income: ฿205.6m (up 26% from 3Q 2024). Profit margin: 10% (up from 9.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Oct 28
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿6.58b to ฿6.47b. EPS estimate also fell from ฿0.129 per share to ฿0.10 per share. Net income forecast to shrink 28% next year vs 35% growth forecast for Entertainment industry in Thailand . Consensus price target down from ฿2.40 to ฿1.97. Share price was steady at ฿1.97 over the past week. New Risk • Oct 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (100% payout ratio). Profit margins are more than 30% lower than last year (4.9% net profit margin). Upcoming Dividend • Aug 15
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 05 September 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.5%. Lower than top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 09
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ฿0.036 (down from ฿0.05 in 2Q 2024). Revenue: ฿1.79b (up 5.4% from 2Q 2024). Net income: ฿86.1m (down 28% from 2Q 2024). Profit margin: 4.8% (down from 7.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (111% payout ratio). Major Estimate Revision • May 20
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿6.58b to ฿6.43b. EPS estimate also fell from ฿0.157 per share to ฿0.128 per share. Net income forecast to shrink 12% next year vs 28% growth forecast for Entertainment industry in Thailand . Consensus price target down from ฿2.61 to ฿2.54. Share price fell 9.5% to ฿2.10 over the past week. Reported Earnings • May 15
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: ฿0.01 loss per share (down from ฿0.013 profit in 1Q 2024). Revenue: ฿1.46b (up 4.9% from 1Q 2024). Net loss: ฿23.5m (down 176% from profit in 1Q 2024). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • May 06
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿6.78b to ฿6.58b. EPS estimate also fell from ฿0.184 per share to ฿0.157 per share. Net income forecast to shrink 12% next year vs 27% growth forecast for Entertainment industry in Thailand . Consensus price target down from ฿3.09 to ฿2.61. Share price fell 4.7% to ฿2.46 over the past week. Price Target Changed • May 03
Price target decreased by 12% to ฿2.72 Down from ฿3.09, the current price target is an average from 7 analysts. New target price is 11% above last closing price of ฿2.46. Stock is down 42% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.18 last year. Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.09 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 26 May 2025. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 6.6%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (3.9%). Announcement • Apr 28
The ONE Enterprise Public Company Limited Approves Cash Dividend for the Period from July 1, 2024 to December 31, 2024, Payable on May 26, 2025 The ONE Enterprise Public Company Limited announced that at the AGM held on April 28, 2025, the meeting approved the dividend payment for the 2024 operational results at the rate of THB 0.17 per share to the shareholders of 2,381,250,000 shares or totaling THB 404,812,500, equivalent to 94.98% of the Consolidate' s net profit from operating activities, ending December 31, 2024. The dividend paid at the rate of 0.09 baht per share will be paid from net profit (after tax) for the last six months of 2024 (from July,1 2024 December 31, 2024) according to the separate financial statements which is net profit of the Company and profit from dividends which was paid from subsidiaries divided. The dividend rate is THB 0.09 per share, paid from the profits that the company received from subsidiaries that have been subject to corporate income tax at the rate of 20%. Individual shareholders will receive a tax credit when calculating dividend tax in accordance with Section 47 bis of the Revenue Code. The Record Date to entitle rightful shareholders who may receive the dividend will be on May 7, 2025, and the payment of the dividend will be made on May 26, 2025. Major Estimate Revision • Feb 28
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿6.92b to ฿6.81b. EPS estimate also fell from ฿0.243 per share to ฿0.195 per share. Net income forecast to grow 8.4% next year vs 37% growth forecast for Entertainment industry in Thailand. Consensus price target down from ฿4.75 to ฿3.63. Share price fell 12% to ฿2.78 over the past week. Buy Or Sell Opportunity • Feb 24
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ฿2.86. The fair value is estimated to be ฿3.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has declined by 31%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Reported Earnings • Feb 22
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ฿0.18 (down from ฿0.21 in FY 2023). Revenue: ฿6.67b (up 2.4% from FY 2023). Net income: ฿421.0m (down 17% from FY 2023). Profit margin: 6.3% (down from 7.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 36% per year. Announcement • Feb 22
The ONE Enterprise Public Company Limited, Annual General Meeting, Apr 28, 2025 The ONE Enterprise Public Company Limited, Annual General Meeting, Apr 28, 2025, at 14:00 SE Asia Standard Time. Location: studio 2 gmm grammy place, Thailand Price Target Changed • Feb 20
Price target decreased by 8.9% to ฿4.47 Down from ฿4.90, the current price target is an average from 6 analysts. New target price is 38% above last closing price of ฿3.24. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿0.20 for next year compared to ฿0.21 last year. Buy Or Sell Opportunity • Dec 19
Now 20% undervalued Over the last 90 days, the stock has risen 20% to ฿4.54. The fair value is estimated to be ฿5.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 7.0% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Declared Dividend • Aug 26
First half dividend increased to ฿0.08 Dividend of ฿0.08 is 60% higher than last year. Ex-date: 5th September 2024 Payment date: 20th September 2024 Dividend yield will be 5.9%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 38% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ฿0.05 (down from ฿0.051 in 2Q 2023). Revenue: ฿1.70b (up 5.6% from 2Q 2023). Net income: ฿120.0m (down 1.4% from 2Q 2023). Profit margin: 7.1% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in Thailand. Announcement • Jul 11
the One Enterprise Public Company Limited Announces Appointment of Takonkiet Viravan as Acting Company Secretary The ONE Enterprise Public Company Limited informed that Ms. Wattara Arun has resigned from the position of the company secretary effective date from July 1, 2024, onwards. In this regard, the Board of Directors of the Company was resolved to appoint Mr. Takonkiet Viravan, the position of company director to perform duties as acting Company's secretary from July 1, 2024, onwards until the Board of Directors selects and appoints a person with suitable qualifications to replace the vacant company secretary and shall notify the Stock Exchange of Thailand accordingly. Announcement • Jun 24
The ONE Enterprise Public Company Limited Announces Resignation of Wattara Arun as Company Secretary, effective July 1, 2024 The ONE Enterprise Public Company Limited announced that Ms. Wattara Arun has resigned from the position of the company secretary effective date from July 1, 2024 onwards. Announcement • Jun 05
The ONE Enterprise Public Company Limited Announces Appointment of Naran Poomsiri as Group Chief Financial Officer, Effective June 4, 2024 The ONE Enterprise Public Company Limited announced the appointment of Mr.Naran Poomsiri as Group Chief Financial Officer, effective June 4, 2024. Announcement • Jun 01
The One Enterprise Public Company Limited Announces Resignation of Unnop Senasuttipan as Group CFO, Effective from June 1, 2024 The ONE Enterprise Public Company Limited announced the resignation of Unnop Senasuttipan as Group CFO. Effective Date of Termination June 1, 2024. Major Estimate Revision • May 17
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿6.87b to ฿6.68b. EPS estimate also fell from ฿0.258 per share to ฿0.219 per share. Net income forecast to grow 6.3% next year vs 6.3% growth forecast for Entertainment industry in Thailand. Consensus price target down from ฿5.68 to ฿5.22. Share price fell 11% to ฿3.58 over the past week. Price Target Changed • May 13
Price target decreased by 8.2% to ฿5.22 Down from ฿5.68, the current price target is an average from 7 analysts. New target price is 29% above last closing price of ฿4.04. Stock is down 15% over the past year. The company is forecast to post earnings per share of ฿0.18 for next year compared to ฿0.21 last year. Reported Earnings • May 12
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: ฿0.013 (down from ฿0.022 in 1Q 2023). Revenue: ฿1.40b (down 1.5% from 1Q 2023). Net income: ฿31.2m (down 41% from 1Q 2023). Profit margin: 2.2% (down from 3.7% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Announcement • May 09
The ONE Enterprise Public Company Limited Announces Board and Committee Changes The ONE Enterprise Public Company Limited at its board meeting held on May 8, 2024 resolved to appoint Mr. Kanchit Bunajinda as Independent Director to replace Assoc. Prof. Dr. Sauwanee Thairungroj, effective from May 8, 2024 onwards. The meeting resolved to appoint Ms. Suvabha Charoenying (Independent Director and Chairman of Audit Committee) as the Chairman of the Audit Committee, effective from May 8, 2024 onwards. Thus, the Audit Committee consists of 3 members namely: 1. Ms. Suvabha Charoenying; Chairman of Audit Committee, 2. Mrs. Duangjai Lorlertwit; Member of Audit Committee, 3. Dr. Nalikatibhag Sangsnit; Member of Audit Committee. Nomination and Remuneration Committee consisted of 3 members namely: Ms. Suvabha Charoenying; Chairman of Nomination and Remuneration Committee, Mrs. Duangjai Lorlertwit; Member of Nomination and Remuneration Committee, Mrs. Duangmanee Sukhum; Member of Nomination and Remuneration Committee. Executive Committee consisted of 5 members namely: Mr. Takonkiet Viravan; Chairman of Executive Committee, Ms. Boosaba Daorueng; Executive Director, Mr. Rafah Damrongchaitham; Executive Director, Mr. Nipon Pewnen; Executive Director and Ms. Janjira Panitpon; Executive Director. Risk Management, Corporate Governance and Sustainability Committee consisted of 6 members namely: Mrs. Duangjai Lorlertwit Chairman, Mr. Piya Sosothikul Member, Mr. Rafah Damrongchaitham Member, Ms. Krobkeaw Panyarachun Member, Mr. Unnop Senasuttipan Member, Mr. Setthabut Marutchinda Member. Announcement • Apr 29
The ONE Enterprise Public Company Limited Approves the Dividend Payment for the Six Months of 2023 (From July, 1 2023 December 31, 2023), Payable on May 24, 2024 The ONE Enterprise Public Company Limited at the AGM held on April 26, 2024, approved the dividend payment for the 2023 operational results at the rate of THB 0.18 per share to the shareholders of 2,381,250,000 shares or totaling THB 428,625,000, equivalent to 84.61% of the Consolidate' s net profit from operating activities, ended December 31, 2023. The dividend paid at the rate of THB 0.13 per share will be paid from net profit (after tax) for the last six months of 2023 (from July 1, 2023 December 31, 2023) according to the separate financial statements which is net profit of the Company and profit from dividends which was paid from subsidiaries divided into the dividend at the rate of THB 0.0278 per share which was paid from profit to receive the dividend from subsidiaries. The said dividend has already paid the corporate income tax at rate of 20% wherein individual shareholders shall be entitled to a Dividend Tax Credit under Section 47 Bis of the Revenue Code and the dividend at the rate of THB 0.1022 per share which was paid from profit to receive the dividend from subsidiaries. The said dividend is not subjected to corporate income tax payment from business operations due to the exercise of the net loss entitled to deduct legally wherein individual shareholders shall not be entitled to a Dividend Tax Credit under Section 47 Bis of the Revenue Code. The Record Date to entitle rightful shareholders who may receive the dividend will be on May 7, 2024, and the payment of the dividend will be made on May 24, 2024. Announcement • Apr 27
The ONE Enterprise Public Company Limited Announces Board Elections The ONE Enterprise Public Company Limited at the AGM held on April 26, 2024, elected Ms. Boosaba Daorueng as Director and Authorized Director, Mr. Sirot Setabandhu as Director (Non-Executive Director), and Mr. Nalikatibhag Sangsnit as Independent Director. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿5.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Entertainment industry in Thailand. Total loss to shareholders of 26% over the past year. Announcement • Feb 26
the One Enterprise Public Company Limited Proposes Dividend, Payable on May 24, 2024 The Board of Directors of The ONE Enterprise Public Company Limited at the Meeting held on February 23, 2024, proposed to the AGM 2024 to consider and approve the dividend payment for the 2023 operational results at the rate of THB 0.18 per share to the shareholders of 2,381,250,000 shares or totaling THB 428,625,000. Since, the Company already paid interim dividend at the rate of THB 0.05 per share, totaling approximately THB 119,062,500 to shareholders on September 15, 2023. Therefore, the remaining dividends that the Company must be paid additionally at the rate of THB 0.13 per share or approximately THB 309,562,500. The record date to entitle rightful shareholders who may receive the dividend will be on May 7, 2024, and the payment of the dividend will be made on May 24, 2024. The dividend paid at the rate of THB 0.13 per share will be paid from net profit (after tax) for the last six months (from July 1, 2023 - December 31, 2023) according to the separate financial statements which is profit from dividends from subsidiaries divided into; the dividend received from subsidiaries at the rate of THB 0.0278 per share, which subjected to 20% corporate income tax wherein individual shareholders shall be entitled to a Dividend Tax Credit under Section 47 Bis of the Revenue Code and the dividend received from subsidiaries and net profit of company at the rate of THB 0.1022 per share, which are not subjected to corporate income tax payment from business operations due to the exercise of the net loss entitled to deduct legally wherein individual shareholders shall not be entitled to a Dividend Tax Credit under Section 47 Bis of the Revenue Code. Declared Dividend • Feb 25
Final dividend reduced to ฿0.13 Dividend of ฿0.13 is 19% lower than last year. Ex-date: 3rd May 2024 Payment date: 24th May 2024 Dividend yield will be 4.2%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 74% per year over the past 2 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 24% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 24
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ฿0.21 (down from ฿0.31 in FY 2022). Revenue: ฿6.51b (up 4.6% from FY 2022). Net income: ฿505.1m (down 32% from FY 2022). Profit margin: 7.8% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Entertainment industry in Thailand. Announcement • Feb 24
The ONE Enterprise Public Company Limited, Annual General Meeting, Apr 26, 2024 The ONE Enterprise Public Company Limited, Annual General Meeting, Apr 26, 2024, at 13:00 SE Asia Standard Time. Agenda: To acknowledge the declaration of the 2023 operational results and the Company's annual report; to acknowledge the change in use of Initial Public Offering (IPO) proceeds; to approve the Statements of Financial Position and the Comprehensive Income Statements for the fiscal year ending 31 December 2023; to approve the apportionment as statutory reserve fund from the 2023 operational results; to approve the appointment of directors in place of those who are due to retire by rotation for the year 2024; to approve the appointment of the auditors and the determination of the audit fee for the year 2024; and to consider other matters. Announcement • Feb 23
The ONE Enterprise Public Company Limited Announces Executive Changes The One Enterprise Public Company Limited announced that the Board of Director Meeting held on February 23, 2024, acknowledged the resignation of Mr. Fahmai Damrongchaitham and Ms. Chonlaya Promsri from being Director, effective from February 23, 2024 onwards. In this regard, the meeting resolved to appoint as following details: Ms. Ingfah Damrongchaitham to replace Mr. Fahmai Damrongchaitham, who resigned with effective from February 23, 2024, onwards. Ms. Janjira Panitpon as Director to replace Ms. Chonlaya Promsri, who resigned with effective from February 23, 2024, onwards. In this regards, Ms. Janjira Panitpon was appointed as Executive Director to replace Mr. Fahmai Damrongchaitham with effective from February 23, 2024, onwards. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿4.24, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Entertainment industry in Thailand. Total loss to shareholders of 45% over the past year. Reported Earnings • Nov 16
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ฿0.064 (down from ฿0.069 in 3Q 2022). Revenue: ฿1.75b (up 5.8% from 3Q 2022). Net income: ฿151.4m (down 7.7% from 3Q 2022). Profit margin: 8.6% (down from 9.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in Thailand. Upcoming Dividend • Aug 24
Upcoming dividend of ฿0.05 per share at 4.5% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.5%). Announcement • Aug 22
The ONE Enterprise Public Company Limited Announces Risk Management, Corporate Governance and Sustainability Committee as New Sub-Committee The ONE Enterprise Public Company Limited announced that at the board meeting held on August 18, 2023 approved the Risk Management, Corporate Governance and Sustainability Committee (RCGS) as new sub-committee and appoint the member of the said sub-committee as follows: Mrs. Duangjai Lorlertwit: Chairman of Risk Management, Corporate Governance and Sustainability Committee; Dr. Somruedee Srichanya: Member of Risk Management, Corporate Governance and Sustainability Committee; Mr. Piya Sosothikul: Member of Risk Management, Corporate Governance and Sustainability Committee; Mr. Unnop Senasuttipan: Member of Risk Management, Corporate Governance and Sustainability Committee; Mr. Rafah Damrongchaitham: Member of Risk Management, Corporate Governance and Sustainability Committee; Ms. Krobkeaw Panyarachun: Member of Risk Management, Corporate Governance and Sustainability Committee and Mr. Setthabut Marutchinda: Member of Risk Management, Corporate Governance and Sustainability Committee. Announcement • Aug 19
The One Enterprise Public Company Limited Announces Cash Dividend for Operating Period from 01-Jan-2023 to 30-Jun-2023, Payable on 15-Sep-2023 The ONE Enterprise Public Company Limited announced cash dividend of THB 0.05 per share for Operating period from 01-Jan-2023 to 30-Jun-2023 and Retained Earnings. Record date for the right to receive dividends: 01-Sep-2023. Ex-dividend date: 31-Aug-2023. Payment date: 15-Sep-2023. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ฿0.262 to ฿0.203 per share. Revenue forecast steady at ฿6.30b. Net income forecast to grow 19% next year vs 32% growth forecast for Entertainment industry in Thailand. Consensus price target down from ฿6.22 to ฿6.06. Share price fell 8.1% to ฿4.34 over the past week. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.051 (vs ฿0.075 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.051 (down from ฿0.075 in 2Q 2022). Revenue: ฿1.61b (up 4.9% from 2Q 2022). Net income: ฿121.8m (down 32% from 2Q 2022). Profit margin: 7.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in Thailand. Price Target Changed • May 17
Price target decreased by 7.9% to ฿7.63 Down from ฿8.28, the current price target is an average from 7 analysts. New target price is 59% above last closing price of ฿4.80. Stock is down 56% over the past year. The company is forecast to post earnings per share of ฿0.30 for next year compared to ฿0.31 last year. Upcoming Dividend • May 02
Upcoming dividend of ฿0.16 per share at 5.9% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 26 May 2023. Payout ratio is on the higher end at 90%, and the cash payout ratio is above 100%. Trailing yield: 5.9%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (2.6%). Price Target Changed • Mar 22
Price target decreased by 13% to ฿8.64 Down from ฿9.90, the current price target is an average from 7 analysts. New target price is 44% above last closing price of ฿6.00. Stock is down 52% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.31 last year. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿5.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Entertainment industry in Thailand. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿5.98 per share. Price Target Changed • Feb 15
Price target decreased by 8.2% to ฿10.39 Down from ฿11.31, the current price target is an average from 7 analysts. New target price is 42% above last closing price of ฿7.30. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.32 for next year compared to ฿0.42 last year. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.12 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.4%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 14
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: ฿0.075 (down from ฿0.14 in 2Q 2021). Revenue: ฿1.53b (up 8.5% from 2Q 2021). Net income: ฿179.0m (down 32% from 2Q 2021). Profit margin: 12% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 13%, compared to a 34% growth forecast for the industry in Thailand. Reported Earnings • May 14
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ฿0.11 (up from ฿0.10 in 1Q 2021). Revenue: ฿1.59b (up 16% from 1Q 2021). Net income: ฿250.3m (up 30% from 1Q 2021). Profit margin: 16% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 8.1%, compared to a 50% growth forecast for the industry in Thailand. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.42 (down from ฿16.64 in FY 2020). Revenue: ฿5.44b (up 69% from FY 2020). Net income: ฿828.4m (up 31% from FY 2020). Profit margin: 15% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Over the next year, revenue is forecast to grow 7.7%, compared to a 47% growth forecast for the industry in Thailand.