Don Muang Tollway Past Earnings Performance

Past criteria checks 3/6

Don Muang Tollway's earnings have been declining at an average annual rate of -12.7%, while the Infrastructure industry saw earnings declining at 9.3% annually. Revenues have been declining at an average rate of 11% per year. Don Muang Tollway's return on equity is 11.8%, and it has net margins of 43.1%.

Key information

-12.7%

Earnings growth rate

-16.5%

EPS growth rate

Infrastructure Industry Growth	-16.2%
Revenue growth rate	-11.0%
Return on equity	11.8%
Net Margin	43.1%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Don Muang Tollway makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:DMT Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2,325	1,001	243
30 Sep 23	2,272	990	255
30 Jun 23	2,184	936	245
31 Mar 23	2,053	889	228
31 Dec 22	1,832	781	212
30 Sep 22	1,665	701	179
30 Jun 22	1,346	529	167
31 Mar 22	1,174	405	174
31 Dec 21	1,202	404	181
30 Sep 21	1,389	496	178
30 Jun 21	1,768	678	195
31 Mar 21	1,822	694	191
31 Dec 20	2,047	791	199
30 Sep 20	2,166	848	225
30 Jun 20	2,313	906	221
31 Mar 20	2,692	1,071	243
31 Dec 19	2,816	1,159	238
30 Sep 19	2,883	1,224	215
30 Jun 19	2,940	1,312	213
31 Mar 19	2,991	1,415	203
31 Dec 18	3,025	1,457	205
30 Sep 18	3,020	1,445	203
30 Jun 18	3,013	1,438	208
31 Mar 18	3,000	1,432	221
31 Dec 17	2,978	1,398	235
30 Sep 17	2,982	1,429	242
30 Jun 17	2,980	1,430	232
31 Mar 17	2,963	1,453	208
31 Dec 16	2,953	1,498	193
30 Sep 16	2,918	1,489	208
30 Jun 16	2,830	1,440	232
31 Mar 16	2,734	1,363	225
31 Dec 15	2,625	1,279	217
30 Sep 15	2,488	1,136	209
30 Jun 15	2,376	1,068	180
31 Mar 15	2,269	1,016	178
31 Dec 14	2,133	914	172
31 Dec 13	2,028	785	174

Quality Earnings: DMT has high quality earnings.

Growing Profit Margin: DMT's current net profit margins (43.1%) are higher than last year (42.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DMT's earnings have declined by 12.7% per year over the past 5 years.

Accelerating Growth: DMT's earnings growth over the past year (28.2%) exceeds its 5-year average (-12.7% per year).

Earnings vs Industry: DMT earnings growth over the past year (28.2%) did not outperform the Infrastructure industry 42.8%.

Don Muang Tollway Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Full year 2023 earnings: EPS misses analyst expectations

Third quarter 2023 earnings released: EPS: ฿0.23 (vs ฿0.18 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.16 in 2Q 2022)

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Second quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.06 in 2Q 2021)

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Recent updates

Don Muang Tollway Public Company Limited Approves Dividend for the Year 2023, Payable on May 24, 2024

Upcoming dividend of ฿0.15 per share

Dividend of ฿0.15 announced

Full year 2023 earnings: EPS misses analyst expectations

Don Muang Tollway Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024

Upcoming dividend of ฿0.35 per share at 16% yield

Third quarter 2023 earnings released: EPS: ฿0.23 (vs ฿0.18 in 3Q 2022)

Don Muang Tollway Public Company Limited Approves Interim Dividend Payment of the First Nine Months of 2023, Payable on 8 December 2023

New major risk - Revenue and earnings growth

Upcoming dividend of ฿0.35 per share at 16% yield

Second quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.16 in 2Q 2022)

Upcoming dividend of ฿0.35 per share at 4.9% yield

Upcoming dividend of ฿0.50 per share at 5.0% yield

Upcoming dividend of ฿0.38 per share at 4.7% yield

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 17%

Investor sentiment improved over the past week

Upcoming dividend of ฿0.15 per share

Less than half of directors are independent

Upcoming dividend of ฿0.10 per share

Don Muang Tollway Public Company Limited Approves Dividend Payment for the First Six Months of 2022, Payable on September 9 2022

Second quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.06 in 2Q 2021)

Don Muang Tollway Public Company Limited Announces Resignation of Pantip Sripimol from the Position of the Company's Director

Consensus EPS estimates fall by 22%

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Don Muang Tollway Public Company Limited Announces Changing in CFO, Effective May 16, 2022

Upcoming dividend of ฿0.25 per share

Don Muang Tollway Public Company Limited, Annual General Meeting, Apr 26, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Don Muang Tollway Public Company Limited Approves Remaining Dividend for the Year 2021, Payable on May 26, 2022

Don Muang Tollway Public Company Limited Announces Temporary Road Closures for Structure Behavior Measurement and Load Test on Uttra Phimuk Elevated Tollroad

Third quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.22 in 3Q 2020)

Director Chumpol Rimsakorn has left the company

Second quarter 2021 earnings released: EPS ฿0.06 (vs ฿0.08 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.23 in 1Q 2020)

Don Muang Tollway Public Company Limited has completed an IPO in the amount of THB 2.24 billion.

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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