Reported Earnings • Aug 17
Second quarter 2026 earnings released: EPS: ฿0.04 (vs ฿0.01 in 2Q 2025) Second quarter 2026 results: EPS: ฿0.04 (up from ฿0.01 in 2Q 2025). Revenue: ฿109.0m (flat on 2Q 2025). Net income: ฿33.1m (up 250% from 2Q 2025). Profit margin: 30% (up from 8.6% in 2Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿1.33, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 52% over the past three years. Major Estimate Revision • Aug 01
Consensus EPS estimates increase by 29%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ฿461.0m to ฿444.0m. EPS estimate rose from ฿0.07 to ฿0.09. Net income forecast to grow 32% next year vs 14% growth forecast for Diversified Financial industry in Thailand. Consensus price target up from ฿0.83 to ฿2.00. Share price rose 27% to ฿1.60 over the past week. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿1.57, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Diversified Financial industry in Asia. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿1.15, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 59% over the past three years. New Risk • Jun 11
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 6.4% 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 (6.4% average weekly change). Market cap is less than US$100m (฿860.2m market cap, or US$26.1m). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.03, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Diversified Financial industry in Asia. Total loss to shareholders of 68% over the past three years. New Risk • May 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.8% 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 8.8% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿794.8m market cap, or US$24.4m). Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.027 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 24
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ฿0.05 (up from ฿0.15 loss in FY 2024). Revenue: ฿445.3m (up 5.9% from FY 2024). Net income: ฿46.2m (up ฿199.4m from FY 2024). Profit margin: 10% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Diversified Financial industry in Asia. 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 37% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ฿108.9m (down 2.3% from 3Q 2024). Net income: ฿7.72m (up ฿70.7m from 3Q 2024). Profit margin: 7.1% (up from net loss in 3Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2025 results: EPS: ฿0.01 (up from ฿0.021 loss in 2Q 2024). Revenue: ฿150.8m (up 43% from 2Q 2024). Net income: ฿9.44m (up ฿28.7m from 2Q 2024). Profit margin: 6.3% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jul 03
Micro Leasing Public Company Limited Announces Board Changes Micro Leasing Public Company Limited announced termination of Chatmanee Jiravicha. Position of Chief Accountant: Senior Departments Manager Accounting and Budgeting. Effective Date of Termination: July 1, 2025. The board further appointed Waranya Tangjitcumnuankran. Position of Chief Accountant: Assistant Senior Manager, Accounting & Financial Department. Effective Date of Appointment: July 1, 2025. Reported Earnings • May 16
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ฿0.007 (up from ฿0.006 loss in 1Q 2024). Revenue: ฿120.2m (down 15% from 1Q 2024). Net income: ฿6.57m (up ฿12.6m from 1Q 2024). Profit margin: 5.5% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Price Target Changed • May 15
Price target increased by 20% to ฿1.20 Up from ฿1.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ฿0.95. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿0.03 next year compared to a net loss per share of ฿0.15 last year. Price Target Changed • Apr 28
Price target increased by 7.4% to ฿1.02 Up from ฿0.95, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ฿0.87. Stock is down 60% over the past year. The company is forecast to post a net loss per share of ฿0.05 next year compared to a net loss per share of ฿0.15 last year. New Risk • Apr 03
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 7.3% 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 High level of debt (85% net debt to equity). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿850.9m market cap, or US$24.8m). Reported Earnings • Feb 23
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: ฿0.15 loss per share (further deteriorated from ฿0.056 loss in FY 2023). Revenue: ฿434.8m (down 14% from FY 2023). Net loss: ฿153.2m (loss widened 192% from FY 2023). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Tillkännagivande • Feb 21
Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2025 Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2025, at 10:00 SE Asia Standard Time. Location: micro leasing public company limited, Thailand Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 75% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -฿0.08 to -฿0.14 per share. Revenue forecast of ฿589.0m unchanged since last update. Diversified Financial industry in Thailand expected to see average net income growth of 13% next year. Consensus price target of ฿1.00 unchanged from last update. Share price fell 16% to ฿1.24 over the past week. New Risk • Aug 19
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 7.7% 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 High level of debt (112% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (฿944.4m market cap, or US$27.4m). Reported Earnings • Aug 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ฿105.6m (down 15% from 2Q 2023). Net loss: ฿19.3m (loss widened 63% from 2Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Diversified Financial industry in Asia. Major Estimate Revision • Jul 26
Consensus revenue estimates decrease by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ฿730.0m to ฿589.0m. EPS estimate unchanged from -฿0.08 per share at last update. Diversified Financial industry in Thailand expected to see average net income growth of 12% next year. Consensus price target down from ฿2.40 to ฿1.20. Share price fell 12% to ฿1.23 over the past week. Reported Earnings • May 16
First quarter 2024 earnings released: ฿0.006 loss per share (vs ฿0.003 profit in 1Q 2023) First quarter 2024 results: ฿0.006 loss per share (down from ฿0.003 profit in 1Q 2023). Revenue: ฿142.1m (up 4.6% from 1Q 2023). Net loss: ฿5.99m (down 295% from profit in 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Diversified Financial industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Full year 2023 earnings released: ฿0.056 loss per share (vs ฿0.07 profit in FY 2022) Full year 2023 results: ฿0.056 loss per share (down from ฿0.07 profit in FY 2022). Revenue: ฿515.9m (down 5.6% from FY 2022). Net loss: ฿52.5m (down 166% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Tillkännagivande • Feb 24
Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2024 Micro Leasing Public Company Limited, Annual General Meeting, Apr 22, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and approve the Minutes of the Annual General Meeting of Shareholders for the year 2023; to acknowledge the operating performance of the Company for the year 2023; to consider and approve the company financial statements for the year ended 31 December 2023; to consider and approve the election of directors to replace those retiring by rotation; to consider and approve the remuneration of the Board of Directors for the year 2024; and to consider other matters. Reported Earnings • Nov 14
Third quarter 2023 earnings released: ฿0.036 loss per share (vs ฿0.008 profit in 3Q 2022) Third quarter 2023 results: ฿0.036 loss per share (down from ฿0.008 profit in 3Q 2022). Revenue: ฿127.5m (down 13% from 3Q 2022). Net loss: ฿34.0m (down ฿41.8m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings have declined by 6.2% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿2.24b market cap, or US$61.8m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.02 profit in 2Q 2022) Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.02 profit in 2Q 2022). Revenue: ฿123.9m (down 1.7% from 2Q 2022). Net loss: ฿11.8m (down 163% from profit in 2Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.3% decline forecast for the Diversified Financial industry in Asia. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.003 (vs ฿0.06 in 1Q 2022) First quarter 2023 results: EPS: ฿0.003 (down from ฿0.06 in 1Q 2022). Revenue: ฿135.9m (down 7.3% from 1Q 2022). Net income: ฿3.08m (down 94% from 1Q 2022). Profit margin: 2.3% (down from 35% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Asia. Upcoming Dividend • May 02
Upcoming dividend of ฿0.036 per share at 1.0% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿3.28, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 9x in the Diversified Financial industry in Asia. Total loss to shareholders of 52% over the past year. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ฿0.003 (vs ฿0.043 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.003 (down from ฿0.043 in 3Q 2021). Revenue: ฿147.3m (up 33% from 3Q 2021). Net income: ฿7.80m (down 81% from 3Q 2021). Profit margin: 5.3% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Diversified Financial industry in Asia. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Vice Chairman Weidt Nuchjalearn was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 10
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ฿126.0m (up 16% from 2Q 2021). Net income: ฿18.7m (down 63% from 2Q 2021). Profit margin: 15% (down from 46% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 56%, compared to a 26% growth forecast for the industry in Thailand. Major Estimate Revision • Jul 15
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿726.5m to ฿710.5m. EPS estimate also fell from ฿0.27 per share to ฿0.22 per share. Net income forecast to grow 19% next year vs 12% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿9.50 to ฿6.90. Share price fell 4.6% to ฿4.82 over the past week. Price Target Changed • May 23
Price target decreased to ฿9.50 Down from ฿11.65, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿6.25. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.29 for next year compared to ฿0.20 last year. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Vice Chairman Weidt Nuchjalearn was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Apr 21
Upcoming dividend of ฿0.077 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.3%). Price Target Changed • Feb 08
Price target decreased to ฿11.50 Down from ฿12.70, the current price target is an average from 2 analysts. New target price is 54% above last closing price of ฿7.45. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of ฿0.21 for next year compared to ฿0.18 last year. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ฿0.042 (vs ฿0.045 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿111.1m (up 42% from 3Q 2020). Net income: ฿40.3m (up 26% from 3Q 2020). Profit margin: 36% (down from 41% in 3Q 2020). The decrease in margin was driven by higher expenses. Major Estimate Revision • Aug 17
Consensus revenue estimates increase to ฿560.0m The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from ฿493.7m to ฿560.0m. EPS estimate increased from ฿0.23 to ฿0.23 per share. Net income forecast to grow 44% next year vs 29% growth forecast for Diversified Financial industry in Thailand. Consensus price target down from ฿12.70 to ฿11.85. Share price fell 6.7% to ฿7.60 over the past week. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.055 (vs ฿0.042 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿114.5m (up 68% from 1Q 2020). Net income: ฿51.3m (up 75% from 1Q 2020). Profit margin: 45% (up from 43% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿8.10, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 9x in the Diversified Financial industry in Asia. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 18% share price gain to ฿8.45, the stock is trading at a trailing P/E ratio of 47.8x, up from the previous P/E ratio of 40.4x. This compares to an average P/E of 27x in the Diversified Financial industry in Thailand. Is New 90 Day High Low • Mar 05
New 90-day high: ฿7.65 The company is up 33% from its price of ฿5.75 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.58 per share. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS ฿0.18 (vs ฿0.16 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ฿339.1m (up 26% from FY 2019). Net income: ฿135.1m (up 22% from FY 2019). Profit margin: 40% (down from 41% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Mar 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the Diversified Financial industry in Thailand. Is New 90 Day High Low • Feb 04
New 90-day high: ฿6.85 The company is up 44% from its price of ฿4.76 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.46 per share. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 23% share price gain to ฿6.85, the stock is trading at a trailing P/E ratio of 37.9x, up from the previous P/E ratio of 30.7x. This compares to an average P/E of 26x in the Diversified Financial industry in Thailand. Is New 90 Day High Low • Jan 19
New 90-day high: ฿5.80 The company is up 24% from its price of ฿4.68 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Diversified Financial industry, which is also up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.45 per share. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 19% share price gain to ฿5.90, the stock is trading at a trailing P/E ratio of 32.6x, up from the previous P/E ratio of 27.4x. This compares to an average P/E of 26x in the Diversified Financial industry in Thailand. Valuation Update With 7 Day Price Move • Dec 05
Market bids up stock over the past week After last week's 15% share price gain to ฿5.75, the stock is trading at a trailing P/E ratio of 31.8x, up from the previous P/E ratio of 27.5x. This compares to an average P/E of 25x in the Diversified Financial industry in Thailand. Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 16% share price gain to ฿4.74, the stock is trading at a trailing P/E ratio of 25.1x, up from the previous P/E ratio of 21.6x. This compares to an average P/E of 15x in the Diversified Financial industry in Thailand. 
