nForce Secure Past Earnings Performance

Past criteria checks 2/6

nForce Secure has been growing earnings at an average annual rate of 22%, while the Electronic industry saw earnings growing at 16.7% annually. Revenues have been growing at an average rate of 14% per year. nForce Secure's return on equity is 14.5%, and it has net margins of 8.5%.

Key information

22.0%

Earnings growth rate

10.2%

EPS growth rate

Electronic Industry Growth	18.1%
Revenue growth rate	14.0%
Return on equity	14.5%
Net Margin	8.5%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How nForce Secure makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:SECURE-R Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	1,151	98	105
30 Jun 24	1,120	99	103
31 Mar 24	1,160	105	104
31 Dec 23	1,066	92	99
30 Sep 23	1,050	92	96
30 Jun 23	1,023	89	93
31 Mar 23	971	79	89
31 Dec 22	894	55	88
30 Sep 22	789	37	84
30 Jun 22	720	32	81
31 Mar 22	716	37	83
31 Dec 21	823	61	82
30 Sep 21	793	58	85
30 Jun 21	812	61	90
31 Mar 21	727	47	87
31 Dec 20	634	24	90
31 Dec 19	643	59	81
31 Dec 18	570	70	62
31 Dec 17	477	45	50
31 Dec 16	514	32	52

Quality Earnings: SECURE-R has high quality earnings.

Growing Profit Margin: SECURE-R's current net profit margins (8.5%) are lower than last year (8.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SECURE-R's earnings have grown significantly by 22% per year over the past 5 years.

Accelerating Growth: SECURE-R's earnings growth over the past year (6.8%) is below its 5-year average (22% per year).

Earnings vs Industry: SECURE-R earnings growth over the past year (6.8%) did not outperform the Electronic industry 6.8%.

Return on Equity

High ROE: SECURE-R's Return on Equity (14.5%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 14:52
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

nForce Secure Public Company Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Supachai Wattanavitheskul	Yuanta Securities (Thailand) Company Limited