Reported Earnings • May 19
Second quarter 2026 earnings released: ฿0.006 loss per share (vs ฿0.026 loss in 2Q 2025) Second quarter 2026 results: ฿0.006 loss per share (improved from ฿0.026 loss in 2Q 2025). Revenue: ฿3.17b (down 11% from 2Q 2025). Net loss: ฿11.6m (loss narrowed 78% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 15
First quarter 2026 earnings released: ฿0.011 loss per share (vs ฿0.041 profit in 1Q 2025) First quarter 2026 results: ฿0.011 loss per share (down from ฿0.041 profit in 1Q 2025). Revenue: ฿3.17b (down 18% from 1Q 2025). Net loss: ฿21.7m (down 128% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 25
Full year 2025 earnings released: ฿0.024 loss per share (vs ฿0.012 profit in FY 2024) Full year 2025 results: ฿0.024 loss per share (down from ฿0.012 profit in FY 2024). Revenue: ฿14.6b (down 7.4% from FY 2024). Net loss: ฿45.0m (down 303% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Nov 25
Univentures Public Company Limited, Annual General Meeting, Jan 20, 2026 Univentures Public Company Limited, Annual General Meeting, Jan 20, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Aug 16
Third quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.031 profit in 3Q 2024) Third quarter 2025 results: ฿0.02 loss per share (down from ฿0.031 profit in 3Q 2024). Revenue: ฿3.45b (down 11% from 3Q 2024). Net loss: ฿37.6m (down 164% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. New Risk • Aug 04
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 5.8% 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: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 30% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (414% payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (฿1.84b market cap, or US$56.5m). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ฿1.13, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 9x in the Real Estate industry in Thailand. Total loss to shareholders of 52% over the past three years. Reported Earnings • May 16
Second quarter 2025 earnings released: ฿0.027 loss per share (vs ฿0.021 loss in 2Q 2024) Second quarter 2025 results: ฿0.027 loss per share (further deteriorated from ฿0.021 loss in 2Q 2024). Revenue: ฿3.58b (down 5.9% from 2Q 2024). Net loss: ฿51.8m (loss widened 29% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 31% per year. Reported Earnings • Feb 12
First quarter 2025 earnings released: EPS: ฿0.041 (vs ฿0.024 in 1Q 2024) First quarter 2025 results: EPS: ฿0.041 (up from ฿0.024 in 1Q 2024). Revenue: ฿3.88b (down 2.4% from 1Q 2024). Net income: ฿77.9m (up 67% from 1Q 2024). Profit margin: 2.0% (up from 1.2% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Jan 23
Univentures Public Company Limited Approves Dividend for the Fiscal Year Ended September 30, 2024, Payable on February 13, 2025 Univentures Public Company Limited announced at the AGM held on January 23, 2025, approved dividend payment to the shareholders derived from the operational results of the fiscal year ended September 30, 2024 at the rate of THB 0.09 per share, totaling THB 172.07 million or equivalent to 149.33% of the net profit under the consolidated financial statements after being deducted by legal reserve and other reserves. Record date is December 13, 2024. Payable date is February 13, 2025. Reported Earnings • Nov 28
Full year 2024 earnings released: EPS: ฿0.012 (vs ฿0.27 in FY 2023) Full year 2024 results: EPS: ฿0.012 (down from ฿0.27 in FY 2023). Revenue: ฿15.8b (down 5.6% from FY 2023). Net income: ฿22.2m (down 96% from FY 2023). Profit margin: 0.1% (down from 3.1% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 28
Dividend of ฿0.09 announced Shareholders will receive a dividend of ฿0.09. Ex-date: 12th December 2024 Payment date: 13th February 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (212% earnings payout ratio). However, it is well covered by cash flows (5% cash payout ratio). The dividend has increased by an average of 6.1% 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 136% to bring the payout ratio under control. However, EPS has declined by 57% over the last 5 years so the company would need to reverse this trend. Announcement • Nov 27
Univentures Public Company Limited, Annual General Meeting, Jan 23, 2025 Univentures Public Company Limited, Annual General Meeting, Jan 23, 2025, at 14:00 SE Asia Standard Time. New Risk • Oct 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.33b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 40% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (212% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (฿3.33b market cap, or US$99.4m). Reported Earnings • Aug 14
Third quarter 2024 earnings released: EPS: ฿0.031 (vs ฿0.11 loss in 3Q 2023) Third quarter 2024 results: EPS: ฿0.031 (up from ฿0.11 loss in 3Q 2023). Revenue: ฿3.89b (up 1.6% from 3Q 2023). Net income: ฿59.0m (up ฿264.6m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
Second quarter 2024 earnings released: ฿0.021 loss per share (vs ฿0.27 profit in 2Q 2023) Second quarter 2024 results: ฿0.021 loss per share (down from ฿0.27 profit in 2Q 2023). Revenue: ฿3.83b (down 5.1% from 2Q 2023). Net loss: ฿40.1m (down 108% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
First quarter 2024 earnings released: EPS: ฿0.024 (vs ฿0.10 in 1Q 2023) First quarter 2024 results: EPS: ฿0.024 (down from ฿0.10 in 1Q 2023). Revenue: ฿4.12b (down 12% from 1Q 2023). Net income: ฿46.8m (down 76% from 1Q 2023). Profit margin: 1.1% (down from 4.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jan 17
Univentures Public Company Limited Approves Dividend from the Operational Results of the Fiscal Year Ended 30 September 2023, Payable on 6 February 2024 Univentures Public Company Limited announced that at its AGM held on 16 January 2024, approved dividend payment to the shareholders derived from the operational results of the fiscal year ended 30 September 2023 at the rate of THB 0.09 per share, totaling THB 172.07 million or equivalent to 107.28% of the net profit under the consolidated financial statements after being deducted by legal reserve and other reserves. The company will pay the dividends to the shareholders whose names appear in the share register book on 14 December 2023 (Record date) and the dividends are scheduled to be paid on 6 February 2024. Upcoming Dividend • Dec 06
Upcoming dividend of ฿0.09 per share at 4.1% yield Eligible shareholders must have bought the stock before 13 December 2023. Payment date: 06 February 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.8%). In line with average of industry peers (4.2%). Announcement • Nov 30
Univentures Public Company Limited, Annual General Meeting, Jan 16, 2024 Univentures Public Company Limited, Annual General Meeting, Jan 16, 2024, at 07:00 Coordinated Universal Time. Agenda: To consider and certify the 2023 AGM minutes; to acknowledge the company's performance of fiscal year ended 30 September 2023; to consider and approve the audited financial statements of fiscal year ended 30 September 2023; to consider and approve dividend; to consider the election of directors and their remuneration for the fiscal year 2024; to consider the appointment of auditor and determine their audit fees; and to consider other matters. Reported Earnings • Nov 30
Full year 2023 earnings released: EPS: ฿0.27 (vs ฿0.088 in FY 2022) Full year 2023 results: EPS: ฿0.27 (up from ฿0.088 in FY 2022). Revenue: ฿17.4b (up 14% from FY 2022). Net income: ฿515.8m (up 207% from FY 2022). Profit margin: 3.0% (up from 1.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Univentures Public Company Limited Proposes Dividend for the Fiscal Year Ended 30 September 2023, Payable on 6 February 2024 The board of directors of Univentures Public Company Limited at its meeting held on November 29, 2023, proposed the dividend payment from profits of the operational results for the fiscal year ended 30 September 2023 at THB 0.09 per share, totaling THB 172.07 million, and approved to schedule the date to determine the shareholder's name who are entitled to receive dividend on 14 December 2023 (Record date). The dividend payment date is scheduled on 6 February 2024. New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 500% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 11
Third quarter 2023 earnings released: ฿0.11 loss per share (vs ฿0.16 profit in 3Q 2022) Third quarter 2023 results: ฿0.11 loss per share (down from ฿0.16 profit in 3Q 2022). Revenue: ฿3.83b (down 31% from 3Q 2022). Net loss: ฿205.5m (down 167% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 09
Second quarter 2023 earnings released: EPS: ฿0.27 (vs ฿0.03 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.27 (up from ฿0.03 in 2Q 2022). Revenue: ฿4.79b (up 30% from 2Q 2022). Net income: ฿510.3m (up ฿453.4m from 2Q 2022). Profit margin: 11% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% 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. Upcoming Dividend • Dec 01
Upcoming dividend of ฿0.045 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 07 February 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (3.1%). Announcement • Nov 24
Univentures Public Company Limited, Annual General Meeting, Jan 17, 2023 Univentures Public Company Limited, Annual General Meeting, Jan 17, 2023. Reported Earnings • Nov 22
Full year 2022 earnings released: EPS: ฿0.088 (vs ฿0.016 in FY 2021) Full year 2022 results: EPS: ฿0.088 (up from ฿0.016 in FY 2021). Revenue: ฿15.3b (up 365% from FY 2021). Net income: ฿167.9m (up 456% from FY 2021). Profit margin: 1.1% (up from 0.9% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Tithiphan Chuerboonchai was the last independent director to join the board, commencing their role in 2016. 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 14
Third quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.03 loss in 3Q 2021) Third quarter 2022 results: EPS: ฿0.16 (up from ฿0.03 loss in 3Q 2021). Revenue: ฿5.52b (up ฿4.76b from 3Q 2021). Net income: ฿304.9m (up ฿362.7m from 3Q 2021). Profit margin: 5.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Tithiphan Chuerboonchai was the last independent director to join the board, commencing their role in 2016. 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 • Feb 09
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: ฿0.04 loss per share (down from ฿0.035 profit in 1Q 2021). Revenue: ฿1.16b (up 32% from 1Q 2021). Net loss: ฿67.2m (down 199% from profit in 1Q 2021). Revenue exceeded analyst estimates by 16%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Nov 30
Upcoming dividend of ฿0.016 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 04 February 2022. Trailing yield: 0.4%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (3.4%). Reported Earnings • Nov 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: ฿0.02 (down from ฿0.033 in FY 2020). Revenue: ฿3.43b (down 22% from FY 2020). Net income: ฿30.2m (down 52% from FY 2020). Profit margin: 0.9% (down from 1.4% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 16%. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Third quarter 2021 earnings released: ฿0.03 loss per share (vs ฿0.018 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿765.8m (down 30% from 3Q 2020). Net loss: ฿57.9m (down 269% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 10
First quarter 2021 earnings released: EPS ฿0.035 (vs ฿0.019 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿912.8m (down 19% from 1Q 2020). Net income: ฿67.8m (up 92% from 1Q 2020). Profit margin: 7.4% (up from 3.1% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 10
New 90-day high: ฿3.94 The company is up 55% from its price of ฿2.54 on 12 November 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ฿3.26 The company is up 27% from its price of ฿2.56 on 08 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ฿3.22 The company is up 24% from its price of ฿2.60 on 17 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 19% over the same period. Reported Earnings • Dec 01
Full year 2020 earnings released: EPS ฿0.03 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿4.39b (down 77% from FY 2019). Net income: ฿62.5m (down 96% from FY 2019). Profit margin: 1.4% (down from 8.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 23
New 90-day high: ฿2.94 The company is up 1.0% from its price of ฿2.92 on 25 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 7.0% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 15% share price gain to ฿2.58, the stock is trading at a trailing P/E ratio of 4.9x, up from the previous P/E ratio of 4.2x. This compares to an average P/E of 10x in the Real Estate industry in Thailand. Total return to shareholders over the past three years is a loss of 73%. Is New 90 Day High Low • Oct 22
New 90-day low: ฿2.26 The company is down 26% from its price of ฿3.04 on 24 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 14% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: ฿2.44 The company is down 21% from its price of ฿3.10 on 03 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 12% over the same period. Announcement • Sep 21
Univentures Public Company Limited(SET:UV) dropped from S&P Global BMI Index Univentures Public Company Limited(SET:UV) dropped from S&P Global BMI Index 
