Reported Earnings • May 11
First quarter 2026 earnings released: EPS: ฿0.052 (vs ฿0.086 in 1Q 2025) First quarter 2026 results: EPS: ฿0.052 (down from ฿0.086 in 1Q 2025). Revenue: ฿50.8m (flat on 1Q 2025). Net income: ฿6.26m (down 39% from 1Q 2025). Profit margin: 12% (down from 20% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 68% and the cash payout ratio is 99%. Trailing yield: 9.1%. Within top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (3.4%). Board Change • Mar 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Chamaiporn Pornpruethianan was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 99% High level of non-cash earnings (25% accrual ratio). Minor Risk Market cap is less than US$100m (฿376.8m market cap, or US$11.9m). Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿0.44 (vs ฿0.34 in FY 2024) Full year 2025 results: EPS: ฿0.44 (up from ฿0.34 in FY 2024). Revenue: ฿201.3m (up 2.7% from FY 2024). Net income: ฿53.3m (up 31% from FY 2024). Profit margin: 27% (up from 21% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 01
Final dividend of ฿0.15 announced Shareholders will receive a dividend of ฿0.15. Ex-date: 29th April 2026 Payment date: 20th May 2026 Dividend yield will be 9.4%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (142% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 34% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 58% to bring the payout ratio under control, which is more than the 49% EPS growth achieved over the last 5 years. Announcement • Feb 27
Readyplanet Public Company Limited, Annual General Meeting, Apr 23, 2026 Readyplanet Public Company Limited, Annual General Meeting, Apr 23, 2026, at 10:00 SE Asia Standard Time. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: ฿0.067 (vs ฿0.084 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.067 (down from ฿0.084 in 3Q 2024). Revenue: ฿50.3m (up 4.4% from 3Q 2024). Net income: ฿8.04m (down 20% from 3Q 2024). Profit margin: 16% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Upcoming Dividend • Aug 12
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 19 August 2025. Payment date: 04 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.1%. Within top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (1.9%). New Risk • Aug 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 108% Dividend yield: 7.8% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 108% Minor Risk Market cap is less than US$100m (฿444.0m market cap, or US$13.7m). Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ฿0.073 (vs ฿0.087 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.073 (down from ฿0.087 in 2Q 2024). Revenue: ฿49.0m (up 1.4% from 2Q 2024). Net income: ฿8.72m (down 17% from 2Q 2024). Profit margin: 18% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿4.20, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 20x in the Media industry in Thailand. Total loss to shareholders of 54% over the past year. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: ฿0.086 (vs ฿0.077 in 1Q 2024) First quarter 2025 results: EPS: ฿0.086 (up from ฿0.077 in 1Q 2024). Revenue: ฿51.1m (up 4.0% from 1Q 2024). Net income: ฿10.3m (up 12% from 1Q 2024). Profit margin: 20% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Announcement • Apr 24
Readyplanet Public Company Limited Approves Dividend for the Period of January 1, 2024 - December 31, 2024, Payable on May 20, 2025 Readyplanet Public Company Limited at its 2025 Annual General Meeting of Shareholders held on 23 April 2025, approved the dividend payment for the operating result during the period of 1 January - 31 December 2024. The dividend shall be paid in cash at THB 0.30 per share, totaling THB 35,999,993.10 . The Company has determined the list of shareholders who are entitled to receive dividends (Record Date) on 30 April 2025, and the date for determining the dividend payment to shareholders is set on 20 May 2025. Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.30 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 20 May 2025. Payout ratio and cash payout ratio are on the higher end at 89% and 94% respectively. Trailing yield: 6.2%. Lower than top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿4.60, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 24x in the Media industry in Thailand. Total loss to shareholders of 58% over the past year. New Risk • Mar 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 94% Dividend yield: 7.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (฿480.0m market cap, or US$14.0m). Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: ฿0.34 (vs ฿0.26 in FY 2023) Full year 2024 results: EPS: ฿0.34 (up from ฿0.26 in FY 2023). Revenue: ฿196.0m (up 4.4% from FY 2023). Net income: ฿40.6m (up 35% from FY 2023). Profit margin: 21% (up from 16% in FY 2023). The increase in margin was primarily driven by higher revenue. New Risk • Feb 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.7% 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 Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿520.8m market cap, or US$15.5m). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ฿3.50, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 18x in the Media industry in Thailand. Total loss to shareholders of 60% over the past year. Buy Or Sell Opportunity • Nov 29
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to ฿5.05. The fair value is estimated to be ฿4.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: ฿0.084 (vs ฿0.07 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.084 (up from ฿0.07 in 3Q 2023). Revenue: ฿48.2m (up 1.1% from 3Q 2023). Net income: ฿10.0m (up 19% from 3Q 2023). Profit margin: 21% (up from 18% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: ฿0.087 (vs ฿0.066 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.087 (up from ฿0.066 in 2Q 2023). Revenue: ฿48.3m (up 5.3% from 2Q 2023). Net income: ฿10.5m (up 33% from 2Q 2023). Profit margin: 22% (up from 17% in 2Q 2023). New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.5% 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 Dividend is not well covered by cash flows (128% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (฿870.0m market cap, or US$23.8m). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: ฿0.092 (vs ฿0.037 in 1Q 2023) First quarter 2024 results: EPS: ฿0.092 (up from ฿0.037 in 1Q 2023). Revenue: ฿49.1m (up 8.7% from 1Q 2023). Net income: ฿9.20m (up 127% from 1Q 2023). Profit margin: 19% (up from 8.9% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Announcement • Feb 23
Readyplanet Public Company Limited Proposes Dividend for the Period of January 1, 2023 - December 31, 2023, Payable on May 22, 2024 Readyplanet Public Company Limited proposed Dividend payments in cash THB 0.20 per share for the period of January 1, 2023 - December 31, 2023. The date to determination of dividend payment to shareholders May 22, 2024. The list of shareholders who are entitled to receive dividends (Record Date) March 8, 2024. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿0.31 (vs ฿0.24 in FY 2022) Full year 2023 results: EPS: ฿0.31 (up from ฿0.24 in FY 2022). Revenue: ฿188.0m (up 16% from FY 2022). Net income: ฿30.1m (up 47% from FY 2022). Profit margin: 16% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Feb 22
Readyplanet Public Company Limited, Annual General Meeting, Apr 24, 2024 Readyplanet Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider acknowledgement of the Company's performance for the year 2023; to consider and approve the Company's financial statement for the year ended 31 December 2023; to consider and approve the appropriation of the Company's net profit for the year 2023 and for dividend payment; and to discuss other matters. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.079 (vs ฿0.064 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.079 (up from ฿0.064 in 2Q 2022). Revenue: ฿45.8m (up 16% from 2Q 2022). Net income: ฿7.91m (up 45% from 2Q 2022). Profit margin: 17% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿13.60, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 29x in the Media industry in Thailand. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿12.30, the stock trades at a trailing P/E ratio of 56.4x. Average trailing P/E is 34x in the Media industry in Thailand. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: ฿0.044 (vs ฿0.048 in 1Q 2022) First quarter 2023 results: EPS: ฿0.044 (down from ฿0.048 in 1Q 2022). Revenue: ฿45.2m (up 18% from 1Q 2022). Net income: ฿4.05m (flat on 1Q 2022). Profit margin: 8.9% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 24
Third quarter 2022 earnings released: EPS: ฿0.065 (vs ฿0.062 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.065 (up from ฿0.062 in 3Q 2021). Revenue: ฿41.6m (up 7.7% from 3Q 2021). Net income: ฿5.57m (up 5.9% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021).